2018 年第三季度报告 公司代码：600180 公司简称：瑞茂通 瑞茂通供应链管理股份有限公司 2018 年第三季度报告 1 / 23 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 8 | | 四、 | 附录 | 9 | 2018 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人燕刚、主管会计工作负责人刘建辉及会计机构负责人（会计主管人员）杨爽保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 23 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 20,660,828,661.65 21,159,781,932.78 -2.36 归属于上市公 司股东的净资 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥20,167,468,521.14, representing a 27.22% increase compared to ¥15,852,703,709.50 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥349,769,575.17, up 12.03% from ¥312,213,354.03 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥418,460,013.85, a significant increase of 313.35% compared to ¥101,236,722.44 in the same period last year[18]. - The net cash flow from operating activities was ¥1,654,191,555.97, a turnaround from a negative cash flow of -¥1,686,835,865.76 in the previous year, marking a 198.06% improvement[19]. - Basic earnings per share for the first half of 2018 were ¥0.3441, reflecting a 12.01% increase from ¥0.3072 in the same period last year[20]. - The total operating revenue for the first half of 2018 reached ¥20,167,468,521.14, an increase of 27.3% compared to ¥15,852,703,709.50 in the same period last year[139]. - The net profit for the first half of 2018 was ¥349,788,047.58, representing a 12.4% increase from ¥311,092,548.85 in the prior year[140]. - The total comprehensive income for the period was ¥376,372,195.54, up from ¥290,432,749.82 in the previous year[141]. Assets and Liabilities - The total assets at the end of the reporting period were ¥19,468,122,110.21, a decrease of 7.99% from ¥21,159,781,932.78 at the end of the previous year[19]. - The total liabilities decreased from ¥15,925,745,894.12 to ¥13,929,273,889.48, a reduction of approximately 12.5%[132]. - Total equity increased from ¥5,234,036,038.66 to ¥5,538,848,220.73, an increase of approximately 5.8%[133]. - The company's total assets decreased from ¥21,159,781,932.78 to ¥19,468,122,110.21, a decline of about 8.0%[131]. - The company's cash and cash equivalents decreased from ¥3,310,263,254.08 to ¥3,148,578,438.22, a decline of about 4.9%[130]. - The company's total liabilities increased, with cash received from borrowings amounting to CNY 300,000,000.00, compared to CNY 270,000,000.00 in the previous year[152]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,871[80]. - The largest shareholder, Zhengzhou Ruimao Supply Chain Co., Ltd., held 496,633,813 shares, accounting for 48.86% of total shares[82]. - The company did not propose any profit distribution or capital reserve transfer plan for the half-year period[60]. - The company’s controlling shareholder has committed to maintaining the company's independence and avoiding conflicts of interest[62]. Business Operations and Strategy - The company has expanded its non-coal bulk commodities to include crude oil, asphalt, and iron ore, enhancing its profit sources and growth points[26]. - The coal supply chain business has achieved rapid and stable expansion, covering major domestic production and consumption areas while actively developing international markets[25]. - The company has established a global coal supply chain network, responding to the "Belt and Road" initiative and expanding operations in countries like Indonesia, Malaysia, and Australia[28]. - The company aims to create a win-win ecosystem in the coal supply chain by providing diversified and comprehensive services to industry clients[29]. - The company is actively exploring new financing models such as ABS and ABN to support its business growth[37]. Risk Management - There were no significant risks identified that could adversely affect the company's future development strategy or ongoing operations[6]. - The company emphasizes a strong risk control operation system to manage its diverse business categories and complex commercial models[29]. - The company anticipates risks from macroeconomic fluctuations affecting coal demand due to trade tensions and economic slowdowns[53]. Talent and Management - The company has introduced a flexible talent management mechanism, promoting high-end professional talent recruitment and innovative management models[30]. - The company hired 136 new employees, with 24.26% being master's degree holders, enhancing its talent pool[38]. - The company is focusing on improving management efficiency and talent acquisition to support its rapid expansion in the commodity supply chain sector[57]. Financing and Investments - The company invested a total of RMB 700 million in establishing a wholly-owned subsidiary and a joint venture during the reporting period[49]. - The company has engaged in multiple related party transactions, including borrowing funds from various subsidiaries totaling RMB 1,570,000.00 to RMB 981,190,372.85[67]. - The company’s financial assistance from related parties is aimed at supporting business development and supplementing working capital[72]. Bonds and Credit - The company issued bonds "16 Rui Mao 01" with a total balance of ¥330,783,000 at an interest rate of 7.50%[95]. - The company raised a total of RMB 15 billion through the issuance of bonds, with RMB 7 billion from "16 Rui Mao 01" and RMB 6 billion from "16 Rui Mao 02"[105]. - The company’s long-term credit rating is AA, with a stable outlook, indicating strong debt repayment capability and low default risk[110]. Mergers and Acquisitions - The company completed a restructuring by acquiring 100% equity of three companies, becoming a management-oriented company with a total of 618,133,813 shares issued for the acquisition[174]. - The company is actively involved in mergers and acquisitions, as evidenced by the asset purchase agreement with Zhengzhou Ruimaotong Supply Chain Co., Ltd.[173]. Compliance and Governance - The company has not reported any major litigation or arbitration matters during the reporting period[63]. - The company has no significant changes in its accounting firm or audit reports[63]. - The company strictly complied with the bond issuance prospectus and did not harm the interests of bond investors during the reporting period[126].

2018 年第一季度报告 公司代码：600180 公司简称：瑞茂通 瑞茂通供应链管理股份有限公司 2018 年第一季度报告 1 / 19 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2018 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人燕刚、主管会计工作负责人刘建辉及会计机构负责人（会计主管人员）杨爽保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | --- | --- | --- | --- | | | | | 减(%) | | 总资产 | 22,133,877,904.66 | 21,159,781,932.78 | 4. ...

Financial Performance - In 2017, the company's operating income reached CNY 37,497,475,139.1, representing a 76.60% increase compared to CNY 21,233,545,275.7 in 2016[21]. - The net profit attributable to shareholders was CNY 715,124,912.34, a 34.69% increase from CNY 530,932,284.76 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 674,529,168.63, showing a significant increase of 297.5% compared to CNY 169,655,852.97 in 2016[21]. - The net profit attributable to shareholders for 2017 was CNY 5,230,688,252.02, an increase of 13.08% compared to CNY 4,625,849,052.37 in 2016[22]. - The total assets at the end of 2017 reached CNY 21,159,781,932.7, representing a 29.22% increase from CNY 16,374,708,086.9 at the end of 2016[22]. - Basic earnings per share for 2017 was CNY 0.7029, up 34.58% from CNY 0.5223 in 2016[23]. - The weighted average return on equity increased to 14.35% in 2017, up from 12.09% in 2016, an increase of 2.26 percentage points[23]. - The company reported a total operating revenue of CNY 13,145,531,957.84 in Q4 2017, with a total revenue of CNY 47,497,474,000.13 for the entire year[25]. - The company reported a total of CNY 40,595,743.71 in non-recurring gains for the year, contributing to the overall profitability[29]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.704 per 10 shares, totaling CNY 71,560,013.47 to shareholders[5]. - The cash dividend policy remained unchanged during the reporting period, with a cash dividend of 0.704 yuan per 10 shares for 2017, representing 10.01% of the net profit attributable to ordinary shareholders[101]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits, indicating a focus on reinvestment strategies[102]. Risk Management - The company has not identified any major risks that could adversely affect its future development strategy or ongoing operations during the reporting period[7]. - The company emphasizes the importance of risk awareness regarding forward-looking statements related to future plans and development strategies[6]. - The company anticipates risks from macroeconomic fluctuations and policy interventions, which may impact its operations in 2018[93]. - The company will enhance awareness of exchange rate risks and closely monitor changes in national economic policies and international trade environments to mitigate risks from currency fluctuations[95]. - The company is committed to improving its risk control systems in supply chain finance to mitigate potential business risks associated with client monitoring and repayment capabilities[95]. Operational Highlights - The company achieved a coal shipment volume of 53.67 million tons, representing a year-on-year increase of 25.54%[44]. - The company has established a global coal supply chain network covering countries such as Indonesia, Malaysia, and Australia[37]. - The company is actively involved in the establishment of the China Import Coal Council (CICC) and the promotion of the China Import Coal Price Index (CICI)[44]. - The company has expanded its non-coal bulk commodities to include oil, asphalt, and iron ore, enhancing its profit sources[35]. - The company is focused on optimizing its coal supply chain business and accelerating international expansion[44]. Financial Management - The company has developed a comprehensive supply chain financial service platform, leveraging various financing channels[35]. - The company maintained stable growth in supply chain finance, with accounts receivable factoring amounting to 8.53 billion RMB, showing steady growth compared to the previous year[49]. - The company expanded its financing scale by over 27% during the reporting period, exploring new financing models such as ABS and ABN[48]. - The company has consistently utilized self-owned funds for its financial management products, maintaining a focus on capital preservation[129]. - The company’s financial management strategy emphasizes short-term investments with a focus on liquidity and capital safety[131]. Shareholder Information - The largest shareholder, Zhengzhou Ruimaotong Supply Chain Co., Ltd., holds 496,633,813 shares, accounting for 48.86% of total shares[152]. - The second largest shareholder, Zhengzhou Ruimaotong Supply Chain Co., Ltd. - 2017 Non-Public Issuance of Exchangeable Bonds, holds 121,500,000 shares, representing 11.95%[152]. - The total number of ordinary shareholders was 22,049, an increase from 21,403 at the end of the previous month[150]. - The company has no strategic investors or general legal entities becoming top ten shareholders due to new share placements[156]. Management and Governance - The company has maintained a consistent management team, with no significant turnover among senior executives[163]. - The company’s performance evaluation system for directors and senior management is based on operational responsibility and performance assessment[170]. - The company has implemented a performance-based compensation policy for senior management, linking performance pay to the company's operational results[182]. - The company’s board of directors approved the cancellation of stock options that did not meet the exercise conditions during the second exercise period[167]. Debt and Financing - The company issued bonds with a total balance of ¥2,300,000,000, with interest rates ranging from 6.45% to 7.50%[187][190][192]. - The total amount raised from the "16 Rui Mao 01" bond issuance was RMB 700 million, with a net amount of RMB 698 million after deducting issuance costs[197]. - The company aims to optimize its debt structure and minimize interest expenses through flexible arrangements for debt repayment[198]. - The bond issuance is part of the company's strategy to enhance liquidity and support operational needs[199].

Financial Performance - Operating revenue for the first nine months reached CNY 24,351,943,181.29, an increase of 85.83% year-on-year[7] - Net profit attributable to shareholders of the listed company was CNY 353,808,693.67, up 20.44% from the same period last year[7] - Basic and diluted earnings per share increased by 20.62% to CNY 0.3481[8] - The company's investment income for the first nine months was RMB 292,392,231.70, an increase of 100.42% year-on-year[14] - The company reported a net profit margin of approximately 1.4% for the first nine months of the year, compared to 0.8% in the same period last year[24] - The net profit attributable to the parent company for Q3 2017 was ¥41.60 million, down from ¥109.96 million in Q3 2016, reflecting a decline of 62.2% year-over-year[25] - The total profit for the first nine months of 2017 was reported as a loss of ¥46.18 million, compared to a profit of ¥13.48 million in the same period of 2016[28] Cash Flow - Cash flow from operating activities showed a significant decline, with a net cash outflow of CNY -2,360,252,703.56, worsening by 199.52% compared to the previous year[7] - Net cash flow from operating activities was negative CNY 2,360,252,703.56, compared to negative CNY 788,022,117.55 in the previous year, indicating a worsening cash flow situation[32] - Cash inflow from investment activities totaled CNY 1,676,238,391.91, down from CNY 3,381,884,657.40 year-on-year, reflecting a decrease of about 50.5%[33] - Net cash flow from investment activities was positive CNY 770,530,272.53, compared to negative CNY 53,745,554.75 in the previous year, showing a significant improvement[33] - Cash inflow from financing activities amounted to CNY 11,290,212,657.05, an increase from CNY 10,421,591,999.41 year-on-year, indicating a growth of approximately 8.3%[33] - The company reported a net cash outflow of CNY 328,477,171.13 for the period, contrasting with a net increase of CNY 394,638,905.40 in the same period last year[33] Assets and Liabilities - Total assets increased by 16.31% to CNY 19,045,658,784.82 compared to the end of the previous year[7] - The company's total assets reached RMB 19,045,658,784.82, compared to RMB 16,374,708,086.92 at the beginning of the year[19] - The company's total liabilities increased, with short-term borrowings rising to RMB 3,997,394,575.21, up from RMB 3,391,934,267.31[19] - Total liabilities increased to ¥8,639,167,494.11 from ¥7,033,725,980.29, representing a rise of 22.8%[23] - The total liabilities to equity ratio stands at approximately 1.73, indicating a relatively high leverage position[24] Shareholder Information - The total number of shareholders reached 23,055 by the end of the reporting period[12] - The largest shareholder, Zhengzhou Ruimaotong Supply Chain Co., Ltd., holds 60.81% of the shares, with 618,133,813 shares pledged[12] Inventory and Prepayments - Inventory increased to RMB 1,085,651,684.21, up 181.16% from the beginning of the year, driven by business scale expansion[14] - Prepayments rose significantly to RMB 1,544,506,267.64, a 267.11% increase compared to the beginning of the year, due to increased business activities[14] - The company experienced a significant increase in pre-receipts, which reached RMB 1,023,873,813.36, a 557.53% increase compared to the beginning of the year[14] Operating Costs - Total operating costs for the quarter were ¥8,378,927,739, up from ¥5,431,484,176, reflecting a 54.0% increase year-over-year[24] - The company's operating costs for Q3 2017 included management expenses of ¥21.92 million, which increased from ¥9.75 million in Q3 2016, representing a rise of 125.5% year-over-year[27] - The financial expenses for Q3 2017 were ¥106.13 million, a significant increase from ¥39.81 million in Q3 2016, indicating a rise of 166.5% year-over-year[27] Government Subsidies and Non-recurring Items - The company received government subsidies amounting to CNY 11,522,029.35 during the reporting period, closely related to its normal business operations[9] - Non-recurring gains and losses totaled CNY -39,271,551.65 for the reporting period[10]

Financial Performance - The company's operating revenue for the first half of 2017 reached ¥15,852,703,709.50, representing a 107.79% increase compared to ¥7,629,365,595.13 in the same period last year[18]. - The net profit attributable to shareholders for the reporting period was ¥312,213,354.03, a 69.87% increase from ¥183,798,212.74 year-on-year[18]. - Basic earnings per share for the first half of 2017 were ¥0.3072, reflecting a 70.10% increase from ¥0.1806 in the same period last year[19]. - The total comprehensive income for the first half of 2017 was CNY 290,432,749.82, compared to CNY 171,842,427.54 in the previous year, indicating a growth of 69.0%[123]. - The company reported a net profit of -23,596,356.58 RMB for the first half of 2017, compared to -40,167,196.98 RMB in the same period last year, indicating an improvement of approximately 41.5% year-over-year[126]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥1,686,835,865.76, showing a slight improvement of 1.75% compared to -¥1,716,830,410.83 in the previous year[18]. - Total cash inflow from operating activities reached 20,745,178,604.19 RMB, a significant increase from 9,111,443,880.18 RMB in the prior year, representing a growth of approximately 128%[128]. - Cash outflow from operating activities was 22,432,014,469.95 RMB, compared to 10,828,274,291.01 RMB in the previous year, reflecting a 107% increase[129]. - The total cash and cash equivalents at the end of the period were 1,476,376,560.07 RMB, down from 633,129,141.02 RMB at the end of the previous year, indicating a decrease of approximately 133%[130]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥19,204,709,923.46, which is a 17.28% increase from ¥16,374,708,086.92 at the end of the previous year[18]. - Total liabilities increased to ¥14,323,567,454.74 from ¥11,745,690,724.93, marking an increase of about 21.9%[118]. - The asset-liability ratio increased by 3.98% to 74.58% due to an increase in debt financing during the reporting period[107]. - Accounts receivable surged by 166.31% to CNY 3,384,265,044.93, accounting for 17.62% of total assets, primarily due to business expansion[40]. Risk Management - There were no significant risks identified that could adversely affect the company's future development strategy or ongoing operations[4]. - The company is facing risks related to coal price fluctuations and increased operational costs, which may impact profit margins[49]. - The company is enhancing its risk management capabilities by establishing a foreign exchange response team and improving its SAP accounting system for better integration of business and financial information[36]. - The company is enhancing its risk control systems in response to the growing risks associated with supply chain finance services[49]. Business Strategy and Development - The company has expanded its non-coal bulk commodity categories to include oil products, cotton, and iron ore, contributing to new profit sources and growth points[25]. - The company is focusing on building a comprehensive coal supply chain platform, enhancing upstream resource management and downstream channel development, while also expanding internationally[33]. - The company is implementing a new five-year strategy that integrates trade, finance, and investment to become a leading comprehensive service provider in the bulk commodity sector[32]. - The company has actively recruited high-end professional talent and established a leadership training system to support its growth[28]. Shareholder and Equity Information - The company did not propose any profit distribution or capital reserve transfer to increase share capital during the reporting period[2]. - The number of ordinary shareholders at the end of the reporting period is 22,164[72]. - The largest shareholder, Zhengzhou Ruimao Tong Supply Chain Co., Ltd., holds 618,133 shares, accounting for 60.81%[74]. - The company has a total of 1,190,000 stock options held by directors and senior management, with 680,000 options exercised during the reporting period[81]. Financial Instruments and Investments - The company issued bonds with a total balance of CNY 1,000,000,000 at an interest rate of 7.50% due on March 28, 2018[86]. - The company raised a total of RMB 15 billion through the issuance of bonds, with RMB 7 billion from "16 Rui Mao 01" and RMB 6 billion from "16 Rui Mao 02" for debt repayment and working capital[93]. - The company recognizes investment income based on the cash dividends or profits declared by the investee, with adjustments made for any differences in the initial investment cost and the fair value of identifiable net assets at the time of investment[200]. Corporate Governance and Compliance - The company has changed its financial report auditing firm to Zhongzheng Zhonghuan Accounting Firm for the 2017 fiscal year[56]. - The integrity status of the company and its major stakeholders is good, with no overdue large debt repayments or public reprimands from regulatory bodies[58]. - The company has no significant litigation or arbitration matters during the reporting period[58]. - The company strictly adhered to the commitments outlined in the bond prospectus, ensuring compliance in the use of raised funds[110].

Financial Performance - In 2016, the company's operating income reached CNY 21,233,545,275, representing a 125.77% increase compared to CNY 9,405,038,177 in 2015[19]. - The net profit attributable to shareholders was CNY 530,932,284.7, which is a 29.1% increase from CNY 411,216,452.58 in the previous year[19]. - Basic earnings per share (EPS) increased by 20.46% to CNY 0.5223 in 2016 compared to CNY 0.4336 in 2015[21]. - Diluted EPS rose by 21.01% to CNY 0.5223 in 2016 from CNY 0.4316 in 2015[21]. - The net profit attributable to shareholders for Q4 2016 was CNY 237,171,722.40, with a total revenue of CNY 8,129,337,201.63[23]. - Non-recurring gains and losses amounted to CNY 361,276,431.79 in 2016, compared to CNY 137,718,922.24 in 2015[26]. - The company achieved a total operating revenue of RMB 21.234 billion, representing a year-on-year increase of 125.77%[36]. - The company's net profit attributable to shareholders reached 531 million RMB, an increase of 29.11% compared to the previous year[42]. Assets and Liabilities - The total assets of the company at the end of 2016 amounted to CNY 16,374,708,086, reflecting a 42.96% increase from CNY 11,453,925,480.3 at the end of 2015[20]. - The company's net assets attributable to shareholders increased to CNY 4,625,849,052, a 12.53% rise from CNY 4,110,679,189.12 in 2015[20]. - The company's cash and cash equivalents increased to 3,544,714,135.35 CNY, representing 21.65% of total assets, a 110.65% increase compared to the previous period[56]. - Accounts receivable rose to 3,106,132,513.51 CNY, making up 18.97% of total assets, reflecting a 238.16% increase due to business expansion[56]. - Short-term borrowings increased to 3,391,934,267.31 CNY, which is 20.71% of total assets, a 156.84% increase from the previous period[58]. - The company's total liabilities increased due to new borrowings exceeding 20% of the audited net assets as of the end of 2015, which is within the normal operational scope of the company[193]. Cash Flow - The company reported a significant decrease in operating cash flow, with a negative cash flow of CNY -4,094,036.07 compared to CNY 374,324,311.60 in the previous year[19]. - The company reported a net cash flow from operating activities of -CNY 3,306,013,955.94 for Q4 2016[23]. - Operating cash inflow from business activities was 30.41 billion RMB, a 92.73% increase year-on-year[52]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.523 per 10 shares, totaling CNY 53,161,771.37 to all shareholders[2]. - The company distributed a total of 530,932,284.76 yuan in cash dividends to shareholders in 2016, representing 10.01% of the net profit attributable to ordinary shareholders[85]. Risk Management - The company has not identified any major risks that would adversely affect its future development strategy or ongoing operations[5]. - The company is focused on enhancing its risk management framework and improving customer risk rating systems to mitigate potential financial risks[81]. - The company plans to enhance its risk control system for supply chain finance, focusing on timely monitoring of customer creditworthiness[80]. Strategic Initiatives - The company is focusing on expanding its commodity supply chain management business and enhancing its coal supply chain ecosystem[29]. - The e-commerce platform, Yimei.com, aims to strengthen supply chain financial risk control services and improve operational efficiency[29]. - The company plans to diversify profit points across key nodes in the coal supply chain to enhance overall operational efficiency[29]. - The company is actively exploring new commodity categories while leveraging its advantages in traditional coal sectors[29]. - The company aims to upgrade its traditional coal vertical supply chain to an ecological supply chain, enhancing resource utilization efficiency and expanding customer reach[72]. Corporate Governance - The company has received a standard unqualified audit report from Ruihua Certified Public Accountants[4]. - The board of directors and senior management have confirmed the accuracy and completeness of the annual report[4]. - The company has maintained compliance with corporate governance regulations, ensuring no significant discrepancies with the requirements of the China Securities Regulatory Commission[159]. Shareholder Information - The total number of ordinary shareholders increased from 23,231 to 24,766 during the reporting period[125]. - The top shareholder, Zhengzhou Ruimaotong Supply Chain Co., Ltd., holds 618,133,813 shares, representing 60.81% of total shares[127]. - The company has no strategic investors or general legal entities becoming top 10 shareholders during the reporting period[132]. Employee Management - The total number of employees in the parent company is 10, while the main subsidiaries employ 331, resulting in a total of 341 employees[154]. - The company has implemented a performance-oriented culture and incentive system to align individual contributions with strategic goals[155]. - A "New Power" training program was launched to develop mid-level talent, focusing on enhancing management capabilities[156]. Bond Issuance - The company issued bonds totaling 4.3 billion RMB during the reporting period to enhance financing capabilities[42]. - The company issued a total of three bonds in 2016, with a total value of RMB 2.3 billion, including RMB 700 million at a 6.50% interest rate, RMB 600 million at a 6.45% interest rate, and RMB 1 billion at a 7.50% interest rate[167][168][170]. - The bonds include options for the issuer to adjust the coupon rate and for investors to redeem the bonds at specified times[170][171]. Internal Control and Compliance - The company has disclosed its internal control audit report, confirming no significant deficiencies in internal controls during the reporting period[164][165]. - The company's financial statements were audited and deemed to fairly reflect its financial position and operational results for the year ended December 31, 2016[198].

Financial Performance - Operating revenue surged by 128.42% to CNY 5.23 billion year-on-year[6] - Net profit attributable to shareholders rose by 90.31% to CNY 163.64 million compared to the same period last year[6] - Basic and diluted earnings per share increased by 87.98% to CNY 0.2643[6] - The company reported a net profit of CNY 54,848,050.19, down from CNY 65,302,131.00, indicating a decrease of about 20.93%[21] - Operating profit for the current period was ¥376,593,850.94, up from ¥185,287,551.45, indicating a growth of approximately 103.5%[24] - Net profit for the current period was ¥267,439,054.25, compared to ¥141,250,928.07 in the previous period, marking an increase of around 89.5%[24] - The total comprehensive income for the current period was ¥252,962,755.42, compared to ¥139,741,076.30 in the previous period, reflecting an increase of approximately 80.9%[24] Assets and Liabilities - Total assets increased by 4.57% to CNY 17.12 billion compared to the end of the previous year[6] - Total assets increased to CNY 17,122,828,091.62 from CNY 16,374,708,086.92, reflecting a growth of approximately 4.56%[16] - Current assets totaled CNY 15,800,152,899.76, up from CNY 15,038,588,361.73, indicating an increase of about 5.06%[16] - Total liabilities rose to CNY 12,233,420,910.07 from CNY 11,745,690,724.93, marking an increase of around 4.15%[17] - Current liabilities increased to CNY 7,843,751,116.71 from CNY 7,313,063,130.04, representing a growth of about 7.26%[17] - Owner's equity totaled CNY 4,889,407,181.55, compared to CNY 4,629,017,361.99, reflecting an increase of approximately 5.62%[18] Cash Flow - Cash flow from operating activities improved by 53.52%, reaching a loss of CNY 762.56 million, compared to a loss of CNY 1.64 billion in the previous year[6] - Operating cash inflow totaled CNY 9,024,887,167.30, a 243.95% increase from the previous period, attributed to higher sales and collection of factoring receivables[13] - Cash inflow from operating activities totaled ¥9,024,887,167.29, significantly higher than ¥2,623,908,292.18 in the previous period, indicating a growth of about 243%[26] - Cash outflow from operating activities totaled 13,491,438,181.15 RMB, compared to 2,689,873,409.33 RMB in the previous period, reflecting increased operational expenses[28] - The company experienced a net decrease in cash and cash equivalents of -180,054,360.07 RMB during the quarter[29] Shareholder Information - The total number of shareholders reached 23,231 at the end of the reporting period[10] - The largest shareholder, Zhengzhou Ruimaotong Supply Chain Co., Ltd., holds 60.81% of the shares, with 568.52 million shares pledged[10] Operational Insights - The company reported non-operating income of CNY 105.06 million, primarily from various non-recurring gains[9] - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company anticipates potential significant changes in net profit compared to the same period last year, indicating a cautious outlook[14] - The company reported a significant increase in sales expenses, which rose by 249.12% to CNY 186,600,974.20 due to higher logistics costs associated with increased business volume[13] Inventory and Receivables - Accounts receivable rose by 36.01% to CNY 299,193,224.66, driven by increased business scale[12] - Prepayments surged by 163.55% to CNY 1,108,819,988.80, reflecting the company's expanded operations[12] - Inventory increased by 160.28% to CNY 1,005,028,201.76, primarily due to goods in transit awaiting settlement[13] - Accounts receivable decreased to CNY 2,334,546,279.89 from CNY 3,106,132,513.51, a decline of approximately 24.77%[16] Investment and Financing - Long-term investments increased to CNY 3,328,000,000.00 from CNY 3,028,000,000.00, showing a growth of approximately 9.88%[19] - The company increased its financing activities, leading to a 54.13% rise in cash inflow from financing activities, totaling CNY 4,947,155,111.37[13] - Cash inflow from financing activities amounted to 1,967,140,000.00 RMB, while cash outflow was 125,779,358.33 RMB, resulting in a net cash flow of 144,220,641.67 RMB[29]

2016 年第三季度报告 公司代码：600180 公司简称：瑞茂通 瑞茂通供应链管理股份有限公司 2016 年第三季度报告 1 / 22 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 10 | 2016 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人万永兴、主管会计工作负责人李艾君及会计机构负责人（会计主管人员）刘建辉 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 3 / 22 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 14,633,165,085.42 11,470,282,230.32 27. ...

Financial Performance - The company's operating revenue for the first half of 2016 reached ¥7,629,365,595.13, representing a 118.31% increase compared to ¥3,494,729,332.80 in the same period last year[15]. - The net profit attributable to shareholders was ¥183,798,212.74, a 49.61% increase from ¥122,853,815.18 year-on-year[15]. - Basic earnings per share for the first half of 2016 were ¥0.1806, up 29.28% from ¥0.1397 in the same period last year[17]. - The company achieved a total operating revenue of RMB 7.63 billion, representing a year-on-year increase of 118.31%[23]. - The net profit attributable to shareholders was RMB 184 million, with a year-on-year growth of 49.61%[23]. - The total profit for the first half of 2016 was ¥246,113,492.19, compared to ¥153,072,338.01 in the same period last year, reflecting a growth of about 60.9%[126]. - The comprehensive income for the first half of 2016 totaled ¥171,842,427.54, compared to ¥122,953,691.73 in the same period last year, representing an increase of approximately 39.6%[126]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥1,716,830,410.83, a decline of 249.21% compared to -¥491,633,366.60 in the previous year[16]. - The company reported a net cash outflow from operating activities of RMB 1.72 billion, a significant increase compared to the previous year[25]. - Total cash inflow from operating activities amounted to 9,111,443,880.18 RMB, while cash outflow was 10,828,274,291.01 RMB, resulting in a net cash outflow of 1,716,830,410.83 RMB[131]. - The net cash flow from financing activities was 2,064,543,790.69 RMB, an increase from 1,825,752,574.58 RMB in the previous period[132]. - The total cash and cash equivalents at the end of the period were 633,129,141.02 RMB, compared to 1,936,457,476.35 RMB at the end of the previous period[132]. Assets and Liabilities - Total assets increased by 29.74% to ¥14,881,474,374.96 from ¥11,470,282,230.32 at the end of the previous year[16]. - Total liabilities increased to ¥10,615,082,159.02 from ¥7,337,750,922.82, reflecting a growth of approximately 44.5%[120]. - Current assets increased to ¥13,551,998,903.69 from ¥10,322,448,768.56, representing a growth of approximately 31.5%[118]. - Short-term borrowings surged to ¥2,750,283,897.20 from ¥1,320,622,691.58, an increase of around 108.5%[119]. Investments and Capital Expenditures - The company raised a total of RMB 230 million through public and private bond issuances during the reporting period[28]. - The company has allocated RMB 22,130,000 for the construction of an e-commerce platform, which is currently under development by a professional software system development company[49]. - The company has invested a total of 1,500,000 USD in Zhejiang Ruimaotong Supply Chain Management Co., holding a 100% stake[35]. - The company has increased its investment in Zhejiang Hehui Power Fuel Co., raising its registered capital to 50,000,000 RMB with an additional investment of 30,000,000 RMB[36]. Shareholder Information - The company reported a total of 1,017,407,464 shares, with a decrease of 930,000 shares due to the repurchase and cancellation of unvested restricted stocks[76]. - The top shareholder, Zhengzhou Ruimao Tong Supply Chain Co., Ltd., holds 618,133,813 shares, accounting for 60.81% of the total shares[79]. - The company repurchased and canceled 930,000 restricted shares at a price of RMB 3.71 per share, totaling RMB 3,450,300 due to unmet performance conditions[55]. - The total number of shareholders at the end of the reporting period was 21,709[77]. Corporate Governance and Compliance - The company did not plan any profit distribution or capital reserve transfer during the reporting period[2]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[2]. - The company has established a robust internal control system to mitigate operational risks and protect shareholder interests[71]. - The company has made commitments to avoid competition with listed companies and ensure independence[68]. Risk Management - The company has a robust risk management strategy using futures and other financial derivatives to hedge against commodity price fluctuations[33]. - The company leverages big data technology to connect with financial institutions, supporting supply chain financial services and identifying investment opportunities[34]. Debt and Financing - The company has a total of RMB 3,786,000,000 in borrowings, reflecting its financing strategy[47]. - The company has completed the repayment of RMB 200,000,000 in loans, ensuring improved liquidity[47]. - The company has maintained a 100% loan repayment rate, ensuring timely interest payments and principal repayments[107]. - The company received 3,306,193,652.64 RMB in cash from borrowings during the financing activities[132]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the assumption of going concern, following relevant accounting standards[158]. - The company has established specific accounting policies and estimates related to revenue recognition and research and development expenditures[159]. - The financial statements of the company comply with the requirements of the accounting standards and reflect the financial position as of June 30, 2016, and the operating results for the first half of 2016[160]. - The company uses Renminbi as its functional currency for domestic operations, while its overseas subsidiaries use currencies such as USD and Indonesian Rupiah[163].