2022 年第三季度报告 证券代码：600561 证券简称：江西长运 江西长运股份有限公司 2022 年第三季度报告 1 / 19 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是√否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | 年初至报告期末 | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 374,420,221.09 | -15.15 | 1,080,43 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 706.02 million, a decrease of 24.48% compared to CNY 934.84 million in the same period last year[20]. - The net profit attributable to shareholders of the listed company was a loss of CNY 92.86 million, a decline of 949.47% compared to a profit of CNY 10.93 million in the previous year[20]. - The net cash flow from operating activities was CNY 105.20 million, down 37.89% from CNY 169.37 million in the same period last year[20]. - The total assets at the end of the reporting period were CNY 5.05 billion, a decrease of 2.39% from CNY 5.18 billion at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were CNY 1.01 billion, down 8.62% from CNY 1.11 billion at the end of the previous year[20]. - The basic earnings per share for the first half of 2022 was -CNY 0.33, a decrease of 925.00% compared to CNY 0.04 in the same period last year[21]. - The weighted average return on net assets was -8.77%, a decrease of 9.76 percentage points from 0.99% in the previous year[21]. - The company reported a net loss of CNY 107,086,352.45 for the first half of 2022, compared to a net profit of CNY 12,864,372.87 in the same period of 2021[154]. - The total comprehensive loss for the first half of 2022 was CNY -107,086,352.45, compared to a profit of CNY 12,864,372.87 in the first half of 2021[155]. Revenue Breakdown - In the first half of 2022, the company's road passenger transport revenue was CNY 292 million, accounting for 50.92% of total revenue, while road freight revenue was CNY 150 million, representing 26.24% of total revenue[28]. - The total passenger volume in the first half of 2022 was 1.808 billion, a decrease of 33.02% year-on-year, recovering only to 27.70% of 2019 levels[31]. - The total passenger turnover was 1195.95 billion passenger-kilometers, down 38.23% year-on-year, recovering to only 27.04% of 2019 levels[36]. - The passenger volume transported by the company was 8.7569 million, a decrease of 53.50% compared to the same period last year[38]. - The passenger turnover was 825.7003 million person-kilometers, down 48.53% year-on-year[38]. Government Support and Challenges - The company received government subsidies related to daily operations amounting to CNY 185 million, a decrease of CNY 74 million compared to the previous year[22]. - The company faced challenges due to the COVID-19 pandemic and high oil prices, impacting passenger travel demand and overall performance[22]. - The company has received various government subsidies in recent years, including fuel subsidies and new energy subsidies, but future subsidies remain uncertain, potentially impacting operational stability[89]. Operational Efficiency and Strategy - The company implemented a digital operation platform "Ganyuexing" and an ERP management system to enhance operational efficiency[38]. - The company plans to enhance the collection of accounts receivable and improve operational efficiency, aiming to reduce financial costs and dispose of inefficient assets[88]. - The company is focused on adapting to new urbanization and rural revitalization, aiming to enhance development quality and efficiency through innovation[32]. - The company emphasizes safety in operations, with safety indicators significantly exceeding the requirements for first-class road passenger transport qualifications[35]. Financial Position and Liabilities - The company's total liabilities increased by 11.50% to 2.35 billion yuan, reflecting a rise in short-term borrowings[45]. - The company's total liabilities amounted to 3.758 billion yuan, resulting in a debt-to-asset ratio of 74.35% as of June 30, 2022[88]. - The company's total equity as of June 30, 2022, was CNY 1,296.36 million, down from CNY 1,398.43 million, reflecting a decrease of approximately 7.31%[146]. - The company's total liabilities were CNY 3,756.39 million, compared to CNY 3,778.04 million at the beginning of the period, indicating a decrease of about 0.57%[147]. Investments and Subsidiaries - The company made equity investments totaling 17.57 million yuan, a 100% increase compared to the previous year[48]. - The company invested CNY 17.57 million in Jiangxi Changyun Ji'an Public Transport Co., maintaining a 70% stake[49]. - The company has a total of 28 subsidiaries under its consolidated financial statements as of June 30, 2022[174]. Legal Matters - The company is currently involved in significant litigation, including a lawsuit against Shenzhen Jiajie Modern Investment Holding Co., which has been ongoing since 2019, with a court ruling resulting in the recovery of approximately RMB 12,136.90[114]. - The company is currently involved in multiple legal proceedings, including a forced execution application with the Jiangxi Provincial Nanchang Intermediate People's Court regarding a debt collection case[115]. - The subsidiary Shenzhen Huaron Commercial Factoring Co., Ltd. has initiated four civil lawsuits for the recovery of factoring financing principal and interest totaling RMB 30 million[115]. Shareholder Information - The total number of ordinary shareholders as of the reporting period end was 14,703[130]. - The largest shareholder, Jiangxi Longyun Group Co., Ltd., holds 23.09% of the shares, totaling 65,676,853 shares[133]. - The second-largest shareholder, Nanchang Municipal Public Investment Holding Co., Ltd., holds 16.67% of the shares, totaling 47,412,800 shares[133]. - The company commits to distributing cash dividends of no less than 10% of the annual distributable profits from 2021 to 2023, with a cumulative distribution of at least 30% of the average annual distributable profits over these three years[112]. Guarantees and Financial Instruments - The total guarantee amount (including subsidiaries) is RMB 96,952,390.33, accounting for 8.77% of the company's net assets[124]. - The company provided guarantees totaling RMB 60 million for the subsidiary Pingxiang Changyun Automobile Sales and Maintenance Co., Ltd., with a guarantee period from April 25, 2017, to April 24, 2022[121]. - The company has no guarantees provided for shareholders, actual controllers, or their related parties[124]. Accounting and Reporting - The company adheres to the accounting standards set by the Ministry of Finance and reports its financials based on the accrual basis of accounting[176]. - The company's accounting period follows the calendar year, from January 1 to December 31[179]. - The company's functional currency for accounting purposes is the Renminbi[181].

Financial Performance - The company's operating revenue for Q1 2022 was ¥406,826,775.74, representing a decrease of 12.37% compared to the same period last year [6] - The net profit attributable to shareholders was a loss of ¥16,069,412.44, with a basic and diluted earnings per share of -¥0.06 [6] - Net profit for Q1 2022 was a loss of CNY 25,073,407.32, compared to a loss of CNY 21,049,021.63 in Q1 2021, representing an increase in loss of 19.4% [20] - The company reported a basic and diluted earnings per share of CNY -0.06 for Q1 2022, compared to CNY -0.07 in Q1 2021 [20] - The company’s total comprehensive income for Q1 2022 was -¥23,158,225.35, an improvement from -¥25,098,282.76 in Q1 2021 [32] Cash Flow - The net cash flow from operating activities was ¥27,268,948.22 [6] - The net cash flow from operating activities for Q1 2022 was ¥19,329,382.10, compared to a negative cash flow of ¥11,838,434.59 in Q1 2021, indicating a significant improvement [33] - The total cash outflow from operating activities was ¥114,146,861.81 in Q1 2022, slightly higher than ¥113,461,495.64 in Q1 2021 [33] - The total operating cash inflow for Q1 2022 was ¥133,476,243.91, an increase of 31.3% from ¥101,623,061.05 in Q1 2021 [33] - The cash inflow from operating activities totaled CNY 675,811,916.16, compared to CNY 654,016,158.83 in Q1 2021, indicating a growth of 3.5% [22] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,289,125,898.11, an increase of 2.18% from the end of the previous year [7] - Total liabilities were CNY 3,706,828,473.58, compared to CNY 3,543,353,650.08 in the previous year, indicating an increase of approximately 4.6% [15] - The total liabilities as of Q1 2022 amounted to CNY 3,916,467,626.84, an increase from CNY 3,778,044,279.22 in the previous year [19] - The total equity attributable to shareholders of the parent company was CNY 1,089,644,064.41, slightly down from CNY 1,106,064,848.21 in Q1 2021 [19] - The total cash and cash equivalents at the end of Q1 2022 reached ¥603,793,034.60, up from ¥385,008,943.59 at the end of Q1 2021, reflecting a net increase of ¥253,916,386.84 [34] Investment and Financing Activities - The company reported non-operating income of ¥48,666,042.01 from the disposal of non-current assets [8] - Investment income increased significantly by 3,137.25% due to the gain from the equity transfer of a subsidiary, amounting to ¥36,241,300 [9] - The company experienced a 204.24% increase in cash flow from financing activities, with cash received from borrowings increasing by ¥54,819,800 [9] - The net cash flow from financing activities was CNY 272,587,803.72, significantly higher than CNY 89,596,124.67 in the previous year, indicating a year-over-year increase of approximately 204.5% [23] - Cash inflow from financing activities in Q1 2022 was ¥650,400,000.00, compared to ¥601,982,400.00 in Q1 2021, showing an increase of approximately 8% [33] Changes in Current Assets and Liabilities - Current assets totaled CNY 1,315,073,567.94, up from CNY 1,162,625,554.81 in the previous year [14] - Short-term borrowings increased to CNY 2,511,621,837.92 from CNY 2,106,563,708.62, representing a rise of about 19.2% [15] - Total current liabilities rose to CNY 3,066,103,677.12 from CNY 2,892,451,938.35, indicating an increase of approximately 6% [27] - The company reported a decrease in other receivables to CNY 81,990,681.01 from CNY 130,462,730.74, a decline of about 37% [14] - Inventory levels rose to CNY 81,045,052.34, up from CNY 68,578,973.92, marking an increase of approximately 18.2% [14] Strategic Developments - The company has not disclosed any significant new strategies or product developments during the reporting period [12]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 406,826,775.74, representing a decrease of 12.37% compared to the same period last year[6] - The net profit attributable to shareholders of the listed company was a loss of CNY 16,069,412.44, with a basic and diluted earnings per share of -0.06 yuan[6] - Net loss for Q1 2022 was CNY 25,073,407.32, compared to a net loss of CNY 21,049,021.63 in Q1 2021, indicating a worsening of 19.4%[20] - The company's weighted average return on equity was -1.46% for the reporting period[7] - The total comprehensive income for Q1 2022 was -25,073,407.32 RMB, compared to -21,049,021.63 RMB in Q1 2021, reflecting a worsening of approximately 19.2%[21] Cash Flow - The net cash flow from operating activities was CNY 27,268,948.22, indicating a significant change in cash flow dynamics[6] - The net cash flow from operating activities for Q1 2022 was 27,268,948.22 RMB, compared to a negative cash flow of -17,045,876.14 RMB in Q1 2021, indicating a significant turnaround[23] - The net cash flow from financing activities for Q1 2022 was 272,587,803.72 RMB, a significant increase from 89,596,124.67 RMB in Q1 2021, representing a growth of over 204%[24] - The cash flow from financing activities showed a net inflow of CNY 255,010,484.94 in Q1 2022, compared to CNY 84,592,966.33 in Q1 2021, indicating a substantial increase in financing activities[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,289,125,898.11, an increase of 2.18% from the end of the previous year[7] - Total assets as of March 31, 2022, amounted to CNY 5,289,125,898.11, an increase from CNY 5,176,475,138.31 at the end of 2021[16] - The company's total liabilities reached CNY 3,916,467,626.84, up from CNY 3,778,044,279.22, indicating a rise of 3.7%[17] - Current liabilities increased to CNY 3,706,828,473.58 from CNY 3,543,353,650.08, marking a rise of 4.6%[16] - The total liabilities increased to CNY 3,066,103,677.12 in Q1 2022, up from CNY 2,892,451,938.35 in Q1 2021, reflecting a growth of approximately 6%[29] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,908[11] - Shareholders' equity totaled CNY 1,372,658,271.27, a decrease from CNY 1,398,430,859.09 at the end of 2021, reflecting a decline of 1.8%[17] - The company’s total equity decreased to CNY 1,159,307,049.23 in Q1 2022 from CNY 1,182,465,274.58 in Q1 2021, a decline of about 2%[29] Investment and Income - The company reported non-operating income of CNY 47,926,425.25 after accounting for tax effects and minority interests[8] - The company reported an investment income of CNY 36,999,563.66 in Q1 2022, a substantial increase from CNY 1,142,931.48 in Q1 2021[20] - The company’s investment income increased by 3,137.25% due to the gain from the equity transfer, amounting to CNY 36,241,300[9] Cash and Cash Equivalents - Cash and cash equivalents increased by 40.68% due to new short-term borrowings of CNY 405 million during the reporting period[9] - The company's cash and cash equivalents were CNY 689,766,679.51, compared to CNY 490,298,217.89 at the end of 2021, reflecting a significant increase of 40.7%[15] - Total cash and cash equivalents at the end of Q1 2022 increased to 669,037,321.26 RMB, up from 535,969,265.35 RMB at the end of Q1 2021, reflecting a growth of approximately 24.8%[24] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 603,793,034.60, up from CNY 385,008,943.59 at the end of Q1 2021, marking a 56.8% increase[35] Operating Costs - Total operating costs for Q1 2022 were CNY 561,416,416.54, down from CNY 599,019,071.05 in Q1 2021, reflecting a reduction of 6.3%[20]

Financial Performance - The net profit attributable to shareholders of the listed company for 2021 was RMB 11,476,745.46, a significant recovery from a loss of RMB 310,768,073.13 in 2020[5] - The company's operating revenue for 2021 was RMB 1,817,295,264.76, representing a decrease of 0.85% compared to RMB 1,832,934,476.92 in 2020[21] - The net cash flow from operating activities increased by 101.83% to RMB 432,638,308.58 in 2021, up from RMB 214,356,380.02 in 2020[21] - The total assets of the company decreased by 9.92% to RMB 5,176,475,138.31 at the end of 2021, down from RMB 5,746,500,758.48 at the end of 2020[21] - The proposed cash dividend for 2021 is RMB 0.13 per share, totaling RMB 3,698,198.40, which is 32.22% of the net profit attributable to shareholders[5] - The net assets attributable to shareholders of the listed company increased by 1.15% to RMB 1,106,064,848.21 at the end of 2021, compared to RMB 1,093,440,296.69 at the end of 2020[21] - The company reported a basic earnings per share of 0.04 RMB, a significant improvement from a loss of 1.19 RMB per share in 2020[22] - The weighted average return on equity was 1.04%, recovering from -27.43% in 2020[22] - The company reported a total investment of ¥15 million in the construction of the Fuzhou passenger transport hub, which has reached a usable state[87] Revenue Breakdown - In 2021, the company's road passenger transport business generated revenue of 819 million CNY, accounting for 54.50% of total revenue[50] - The road freight business achieved revenue of 272 million CNY, representing 18.10% of total revenue[50] - The company's fuel sales and vehicle sales, along with lubricating oil sales, contributed 402 million CNY, which is 26.76% of total revenue[50] - The total revenue for the company in 2021 was approximately 1.5 billion CNY, a decrease from 1.55 billion CNY in 2020[53] Operational Efficiency - The company implemented a digital transformation strategy with the "Gan Yue Xing" smart operation platform to enhance operational efficiency and market competitiveness[34] - The company achieved a 43.97% year-on-year increase in freight turnover, driven by the expansion of logistics services[44] - The company’s property leasing income grew by 27.95% year-on-year, reaching CNY 142 million, due to enhanced property management and resource integration[45] - The company’s accounts receivable decreased by CNY 24.99 million by the end of 2021, reflecting improved cash flow management[42] - The company’s safety accident rates improved, with a responsibility safety accident rate of 0.0007 times per vehicle, which is below the Ministry of Transport's standards[43] Cost Management - In 2021, the company's operating costs decreased by CNY 75.68 million, while management expenses and financial costs were reduced by CNY 5.82 million and CNY 13.62 million, respectively, supporting a turnaround in profitability[41] - The company faced a decline in vehicle sales revenue of 124 million RMB due to chip shortages and market downturns[22] - The company’s financial expenses decreased by 11.01% to CNY 110.08 million from CNY 123.70 million in the previous year[75] Government Support and Subsidies - The company received government subsidies related to daily operations amounting to 97.15 million RMB, an increase of 9.71 million RMB compared to the previous year[22] - The net profit attributable to the parent company was 114.77 million RMB, supported by an increase in government subsidies by 97.15 million RMB[62] Strategic Initiatives - The company has outlined potential risks in its future development strategy, urging investors to be cautious[6] - The company is focusing on cost reduction and efficiency improvement while enhancing its risk management system[128] - The company plans to promote rural passenger transport and integrate it with postal and express delivery services[128] - The company is actively monitoring government policy changes to mitigate risks associated with dependency on government subsidies[136] Corporate Governance - The company has established a strong operational management experience, which is crucial for stable business growth and safety operations[59] - The company has a well-established corporate governance structure, having been selected as a sample stock in the Shanghai Stock Exchange's corporate governance sector[60] - The company has improved its governance system by revising multiple internal rules and regulations in 2021, including the rules for the shareholders' meeting and the audit committee[139] - The company has established several specialized committees under the board, including the Audit Committee and the Strategic Committee, to enhance governance[160] Future Outlook - The company plans to achieve operating revenue of 139.025 million yuan in 2022, with operating costs controlled within 144.54 million yuan[128] - The company provided guidance for the next quarter, expecting revenue to grow by 10% to 1.65 billion RMB[149] - New product launches are anticipated to contribute an additional 200 million RMB in revenue over the next fiscal year[149] - Market expansion plans include entering two new provinces, projected to increase market share by 5%[149] Employee and Management Compensation - The total pre-tax remuneration for the directors and senior management during the reporting period amounted to 395.43 million yuan[144] - The company has implemented a performance-based compensation management mechanism, revising its management methods to enhance value creation and establish a positive incentive and constraint system[170] Environmental Commitment - The company has not faced any administrative penalties related to environmental issues during the reporting period and emphasizes a "green, low-carbon, and environmentally friendly" operational philosophy[182] - As of the end of the reporting period, the company operated 2,741 new energy vehicles, accounting for 79.04% of its total public transport vehicles, significantly reducing carbon emissions[183]

Financial Performance - The company's operating revenue for Q3 2021 was ¥441,255,798.24, a decrease of 13.55% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2021 was ¥2,353,753.09, down 37.39% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥18,439,098.65, with no comparable data for the same period last year[4] - Total operating revenue for the first three quarters of 2021 reached ¥1,376,096,135.48, an increase from ¥1,270,301,092.06 in the same period of 2020, representing an 8.3% growth[19] - Net profit for the first three quarters of 2021 was ¥11,730,483.01, a significant recovery from a net loss of ¥224,472,280.39 in the same period of 2020[20] - Operating profit for the first three quarters of 2021 was ¥6,537,198.59, a turnaround from an operating loss of ¥224,533,765.96 in 2020[20] - Basic and diluted earnings per share for the third quarter of 2021 were both ¥0.05, recovering from a loss of ¥0.80 per share in the same quarter of 2020[21] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥5,285,768,603.45, representing an 8.02% decrease from the end of the previous year[6] - The company's total liabilities were RMB 3,897,198,329.87, down from RMB 4,320,879,716.11, indicating a reduction of about 9.76%[15] - The total current liabilities decreased to RMB 3,541,962,556.10 from RMB 3,786,292,093.23, indicating a reduction of approximately 6.46%[15] - Total current assets reached 1,149,554,850.88 RMB, while total non-current assets were 4,598,954,841.77 RMB, leading to total assets of 5,748,509,692.65 RMB[26] - The total liabilities amounted to 4,322,888,650.28 RMB, with current liabilities at 3,786,292,093.23 RMB[27] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥264,042,763.38, an increase of 176.74% compared to the previous year[4] - Cash flow from operating activities for the first three quarters of 2021 was ¥264,042,763.38, compared to ¥95,410,963.77 in 2020, showing a substantial improvement[23] - The company reported a net cash outflow from financing activities of -245,598,580.68 RMB, contrasting with a net inflow of 185,535,752.94 RMB in the same period last year[24] - The company reported a cash inflow from financing activities of 1,499,613,201.08 RMB, down from 1,716,382,862.57 RMB in the previous year[24] Equity - The total equity attributable to shareholders at the end of Q3 2021 was ¥1,104,587,806.34, an increase of 1.02% from the end of the previous year[6] - The company's equity attributable to shareholders was 1,093,440,296.69 RMB, with total equity of 1,425,621,042.37 RMB[28] Operational Highlights - The company received government subsidies related to daily operations amounting to ¥384,000,000, an increase of ¥113,000,000 year-on-year[9] - The company reported a significant increase in investment income, with a total of ¥386,000.00 received in the first three quarters of 2021[23] - The company disposed of fixed assets and other long-term assets, generating cash of ¥55,215,696.29 in 2021, compared to ¥16,036,288.09 in 2020[23] - The company achieved a net cash inflow of ¥172,484,211.22 from the disposal of subsidiaries and other business units in 2021[23] - The company has not disclosed any new product developments or market expansion strategies during this reporting period[12] Inventory and Receivables - Accounts receivable decreased to RMB 124,276,756.92 from RMB 144,542,670.57, reflecting a decline of approximately 13.99%[13] - Inventory levels dropped significantly to RMB 64,780,823.12 from RMB 124,370,718.94, marking a decrease of around 47.91%[13] Other Financial Metrics - The basic earnings per share for Q3 2021 was ¥0.008, a decrease of 38.46% compared to the same period last year[4] - The weighted average return on equity was 0.215%, a decrease of 0.053 percentage points year-on-year[4] - Cash and cash equivalents stood at RMB 483,775,760.17, a marginal increase from RMB 482,555,295.33, indicating a growth of about 0.25%[13] - Long-term investments decreased to RMB 43,565,099.17 from RMB 150,260,866.93, reflecting a significant decline of about 70.95%[13] - The company executed a new leasing standard starting January 1, 2021, which resulted in the recognition of right-of-use assets and corresponding lease liabilities[28]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 934.84 million, an increase of 23.03% compared to CNY 759.86 million in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 10.93 million, a significant turnaround from a net loss of CNY 206.40 million in the previous year[20]. - The net cash flow from operating activities was CNY 169.37 million, compared to a negative cash flow of CNY 21.92 million in the same period last year[20]. - The basic earnings per share for the first half of 2021 was CNY 0.04, compared to a loss of CNY 0.87 per share in the same period last year[21]. - The company's operating costs increased by 11.37% year-on-year, primarily due to rising labor and depreciation costs, with total costs amounting to 980.64 million yuan[40]. - The company reported a gross profit margin of approximately 18.5% for the first half of 2021, compared to a negative margin in the previous year[160]. - The company achieved a total comprehensive income of ¥10,931,925.94 during the first half of 2021, compared to a loss in the previous year[172]. Government Support and Subsidies - The company received government subsidies related to daily operations amounting to CNY 259 million, an increase of CNY 88 million compared to the previous year[21]. - The company relies on government subsidies, which pose a risk due to their uncertain nature, and is actively seeking support from local governments to mitigate this risk[94]. Asset and Liability Management - The company's total assets decreased by 3.13% to CNY 5.57 billion from CNY 5.75 billion at the end of the previous year[20]. - The company's asset-liability ratio was 74.27% as of June 30, 2021, indicating a high level of financial risk, prompting measures to improve cash flow and reduce costs[92]. - Total liabilities were CNY 4,134,471,255.28, down from CNY 4,320,879,716.11, showing a reduction of about 4.31%[154]. - The total equity attributable to shareholders decreased to ¥1,207,857,575.02 from ¥1,268,849,912.89, a decline of 4.8%[158]. Operational Challenges - The company faced challenges in passenger transport recovery due to local COVID-19 outbreaks and government advisories[21]. - The overall passenger transport demand in China decreased by 8.1% year-on-year, with 2.697 billion passengers transported[30]. - The company is addressing the impact of COVID-19, which has led to a significant decline in transport demand, by promoting business transformation and seeking investment opportunities[90]. Investment and Subsidiary Performance - The company reported an investment income of CNY 32.59 million from the disposal of subsidiaries, an increase of CNY 32.02 million year-on-year[21]. - Jiangxi Longyun Group, the controlling shareholder, has committed to avoiding any business competition with the listed company and ensuring that its subsidiaries do not engage in similar operations[108]. - The company has 31 subsidiaries included in the consolidated financial statements as of June 30, 2021, a decrease of 2 from the previous year[181]. Safety and Compliance - The company has maintained a strong safety operation capability, exceeding the safety production indicators set by the Ministry of Transport for first-class road passenger transport enterprises[36]. - The company has not faced any administrative penalties related to environmental issues during the reporting period and emphasizes a commitment to green and low-carbon operations[104]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,918[139]. - The top ten shareholders held a total of 65,676,853 shares, representing 23.09% of the total shares[141]. - The company has no changes in the number of shares or share capital structure during the reporting period[138]. Legal and Financial Obligations - The company has ongoing litigation against Shenzhen Jiajie Modern Investment Holdings Co., Ltd. and others for repayment of equity buyback funds and related costs[122]. - The company signed a custody agreement on December 30, 2020, to manage 85% equity of Nanchang Public Taxi Co., Ltd. and other related assets[127]. - The total guarantee amount provided by the company is 60 million RMB for Pingxiang Changyun Automobile Sales Co., Ltd.[130]. Future Commitments - The company commits to a cash dividend distribution of no less than 10% of the annual distributable profit from 2021 to 2023, with a cumulative distribution of at least 30% of the average annual distributable profit over the three years[118]. - The company has extended the performance commitment period for the acquisition of 55% equity in Jingdezhen Hengda Logistics Co., Ltd. by one year due to the impact of COVID-19[135].

Financial Performance - Operating revenue for the first quarter was ¥464,251,668.79, representing a significant increase of 41.10% year-on-year[7]. - Net profit attributable to shareholders was a loss of ¥20,444,056.95, an improvement from a loss of ¥159,034,812.36 in the same period last year[7]. - The company reported a net profit attributable to shareholders of -20.44 million yuan for Q1 2021, a decrease compared to the previous year[6]. - Net loss for Q1 2021 was CNY 21,049,021.63, compared to a net loss of CNY 184,257,973.34 in Q1 2020, showing a significant reduction in losses[32]. - The total comprehensive loss for Q1 2021 was CNY 25,098,282.76, compared to a loss of CNY 36,850,714.69 in Q1 2020[35]. - The company reported a decrease in undistributed profits to -40.99 million yuan compared to -20.54 million yuan at the end of the previous year[23]. Cash Flow - Cash flow from operating activities improved to -¥17,045,876.14, compared to -¥63,305,290.35 in the previous year[7]. - The company's cash flow from financing activities was positive at ¥89,596,124.67, a turnaround from -¥79,045,369.86 in the previous year[14]. - Net cash flow from operating activities increased due to a rise in operating revenue while operating costs only increased by 65 million yuan[10]. - Cash flow from financing activities increased by 263 million yuan due to new borrowings, while debt repayments only increased by 87 million yuan[12]. - The company reported a total cash inflow from financing activities of CNY 614,580,151.08, up from CNY 351,220,800.00 in Q1 2020[39]. - The net cash flow from financing activities was 84,592,966.33 RMB, a significant recovery from -78,274,320.41 RMB in Q1 2020[43]. - Cash received from operating activities related to other business activities was 101,623,061.05 RMB, a substantial increase from 18,481,687.88 RMB in Q1 2020[41]. - The total cash outflow from operating activities was 113,461,495.64 RMB, compared to 91,269,925.17 RMB in the previous year, indicating a rise of 24.4%[41]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,771,992,281.16, an increase of 0.44% compared to the end of the previous year[7]. - The company's total assets as of March 31, 2021, amounted to 5.77 billion yuan, a slight increase from 5.75 billion yuan at the end of 2020[22]. - The company's total liabilities were 4.38 billion yuan, compared to 4.32 billion yuan at the end of the previous year[23]. - Total liabilities increased to CNY 3,352,339,641.42 as of March 31, 2021, compared to 3,149,301,295.99 at the end of 2020[27]. - The total liabilities amounted to CNY 4,320,879,716.11, with a slight increase of CNY 2,008,934.17 compared to the previous period[48]. - The total liabilities and equity combined reached CNY 5,746,500,758.48, ensuring a balanced financial structure[48]. Equity and Return Metrics - The weighted average return on equity was -1.89%, a significant improvement from -14.53% in the previous year[7]. - The company's net assets attributable to shareholders decreased by 1.98% to ¥1,071,813,221.46 compared to the previous year[7]. - The total equity decreased to CNY 1,210,388,010.35 as of March 31, 2021, down from CNY 1,268,849,912.89 at the end of 2020[28]. - Basic and diluted earnings per share for Q1 2021 were both CNY -0.07, compared to CNY -0.67 in Q1 2020, indicating an improvement in per-share performance despite the loss[32]. - Basic and diluted earnings per share for Q1 2021 were both -0.09, an improvement from -0.16 in Q1 2020[35]. Operational Metrics - The company reported an increase in accounts receivable by 29.89%, amounting to ¥50,930,719.99[13]. - The construction in progress decreased by 32.07% to ¥153,962,611.76, primarily due to the completion of a project[13]. - Total operating costs for Q1 2021 were CNY 599,019,071.05, up from CNY 540,169,590.93 in Q1 2020, representing an increase of approximately 11%[31]. - The company incurred financial expenses of CNY 15,700,936.95 in Q1 2021, down from CNY 19,906,559.98 in Q1 2020[34]. - The company achieved investment income of CNY 2,139,788.55 in Q1 2021, a turnaround from a loss of CNY 118,784.58 in Q1 2020[34]. Other Financial Information - Non-operating income included government subsidies amounting to ¥26,745,744.13, contributing positively to the financial results[8]. - Deferred income decreased compared to the end of the previous year, mainly due to the completion of a construction project by a subsidiary[5]. - The net cash flow from investing activities changed mainly due to increased cash recovered from the disposal of fixed assets and other long-term assets[11]. - The cash flow from investment activities showed a net inflow of 1,069,776.41 RMB, recovering from a net outflow of -330,185.63 RMB in the same period last year[41]. - The company has implemented new leasing standards effective from January 1, 2021, impacting the recognition of lease liabilities and right-of-use assets[48].

Financial Performance - The net profit attributable to shareholders for 2020 was -RMB 310,768,073.13, a significant decline compared to -RMB 239,778,366.59 in 2019[7] - Operating revenue for 2020 decreased by 24.03% to RMB 1,832,934,476.92 from RMB 2,412,565,251.37 in 2019, primarily due to the impact of the pandemic[24] - The company reported a net cash flow from operating activities of RMB 214,356,380.02, down 29.70% from RMB 304,919,913.79 in the previous year[24] - The basic earnings per share for 2020 was -RMB 1.19, compared to -RMB 1.01 in 2019[24] - The total assets at the end of 2020 were RMB 5,746,500,758.48, a decrease of 6.39% from RMB 6,138,775,640.18 at the end of 2019[24] - The company’s net assets attributable to shareholders decreased by 6.89% to RMB 1,093,440,296.69 from RMB 1,174,360,982.75 in 2019[24] - The weighted average return on equity for 2020 was -27.43%, down from -18.49% in 2019[24] - The company recorded a goodwill impairment and other asset impairment losses, contributing to the net loss for the year[24] - The company’s operating revenue for 2020 was 1.833 billion yuan, a decline of 580 million yuan compared to the previous year, with a net profit attributable to shareholders of -311 million yuan[51] Revenue Breakdown - The company faced a significant reduction in revenue from its road passenger transport business, which decreased by RMB 371 million compared to the previous year[24] - In 2020, the company's total operating revenue was approximately CNY 1.55 billion, a decrease from CNY 2.10 billion in 2019, representing a decline of 26.1%[32] - The road passenger transport business generated CNY 791.13 million in revenue, accounting for 50.98% of total operating revenue in 2020[32] - The company’s fuel sales and vehicle sales contributed CNY 526.39 million, representing 33.92% of total operating revenue in 2020[32] - The tourism business revenue fell by 55.10%, with costs only decreasing by 32.37%, resulting in a negative gross margin[68] Operational Metrics - The company operated 1,649 road passenger lines by the end of 2020, with 87.63% of these lines managed under a responsibility operation model[37] - The company had a total of 9,391 vehicles, with 3,758 dedicated to road passenger transport, of which 68.33% were operated under a responsibility operation model[36] - The company reported a passenger volume of 52.29 million, a decrease of 48.65% year-on-year, and a passenger turnover of 3.306 billion person-kilometers, down 40.34% year-on-year[51] - The cumulative passenger turnover reached 464.1 billion person-kilometers, down 47.6% year-on-year[40] - The proportion of road transport passenger volume in total passenger transport decreased from 73.92% in 2019 to 71.25% in 2020[40] Cost Management - The company’s main business costs totaled CNY 1.88 billion in 2020, down from CNY 2.19 billion in 2019, indicating a cost reduction strategy[34] - The company reduced its comprehensive financing costs by 0.42 percentage points year-on-year and decreased management expenses by 6.61 million yuan[57] - Sales expenses decreased by 0.26% to 1,651.02 million compared to the same period last year[76] - Management expenses decreased by 2.01% to 32,160.69 million compared to the same period last year[76] - Financial expenses decreased by 4.15% to 12,369.72 million compared to the same period last year[76] Cash Flow and Financing - The company’s operating cash flow decreased by 29.70% to CNY 214.36 million[63] - Investment cash flow decreased significantly, with net cash flow from investment activities at -35,064.48 million, compared to -20,388.04 million last year[77] - Financing cash flow decreased by 374.78% to -13,260.81 million compared to the same period last year, primarily due to increased debt repayments[77] - The company raised a total of RMB 235.17 million through a non-public offering of 47.41 million shares, with a net amount of RMB 227.79 million after deducting issuance costs[42] Strategic Initiatives - The company plans to focus on resource integration and cost reduction, having dissolved Jiangxi Changyun Longgang Comprehensive Logistics Base Co., Ltd. due to its non-operational status[42] - The company plans to enhance its "Ganyuexing" travel platform and focus on a "technology + service" model to improve customized passenger transport services[134] - The company intends to leverage policy resources to improve rural passenger transport network layout[135] - The company is focusing on risk prevention and management to address potential impacts from macroeconomic changes and regulatory shifts[136] Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for the 2020 fiscal year, with retained earnings carried forward to the next year[7] - The company has not distributed any dividends over the past three years, with net profits of RMB -310,768,073.13 in 2020 and RMB -239,778,366.59 in 2019[145] - The company has committed to distributing cash dividends of no less than 10% of the annual distributable profits from 2018 to 2020, with a cumulative distribution of at least 30% of the average annual distributable profits over these three years[157] - The controlling shareholder, Jiangxi Changyun Group, has pledged to not engage in any competing passenger transport business during its control period[148] Legal and Compliance - The company initiated lawsuits against Shenzhen Jiajie Modern Investment Holding Co., Shenzhen Huazhi Yuan Electronic Technology Co., and others, seeking immediate payment of equity repurchase funds and related interests totaling an undisclosed amount[164] - The company has filed four civil lawsuits for overdue factoring payments, with the Shenzhen courts accepting the cases as of October 22, 2020[164] - The company is involved in a lawsuit against Jiangxi New Century Transport Group, seeking performance compensation, with the case accepted by the Nanchang Intermediate People's Court on September 4, 2020[164] Future Outlook - The overall market for road transport is expected to recover slowly post-pandemic, with freight demand rebounding faster than passenger demand[48] - The company’s revenue target for 2021 is set at 196,198.71 million yuan, with a cost control goal of 187,206.49 million yuan[135] - The logistics industry is shifting towards smart logistics driven by IoT and big data technologies, enhancing efficiency and reducing costs[132]

Financial Performance - Operating revenue for the first nine months was CNY 1,270,301,092.06, down 28.84% year-on-year[6] - Net profit attributable to shareholders was CNY -202,645,305.07, a decrease of 3,943.18% compared to the same period last year[6] - Cash flow from operating activities for the first nine months was CNY 95,410,963.77, a decline of 51.60% year-on-year[6] - The weighted average return on equity decreased by 18.01 percentage points to -17.64%[6] - Net profit for the first three quarters of 2020 was CNY 154,765,271.80, compared to CNY 216,623,213.21 in the same period of 2019, representing a decline of about 28.56%[22] - The company reported a total profit of -5,256,779.68 RMB for Q3 2020, compared to -20,463,967.52 RMB in the same quarter of the previous year[32] - The company reported a net loss from continuing operations of CNY -5,256,779.68 for Q3 2020, compared to a loss of CNY -20,467,401.39 in the same period last year[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,123,220,910.29, a decrease of 0.25% compared to the end of the previous year[6] - The company's total liabilities decreased from RMB 4,633,210,171.07 to RMB 4,590,953,671.47[18] - The company's total assets as of September 30, 2020, were RMB 6,123,220,910.29, a slight decrease from RMB 6,138,775,640.18 at the end of the previous year[17] - The company reported a total liability of CNY 3,463,633,118.49, slightly down from CNY 3,464,306,907.59 at the end of 2019[22] - Current liabilities totaled approximately $3.04 billion, with short-term borrowings at $2.06 billion and accounts payable at $390.74 million[45] Cash Flow - The net cash flow from operating activities was CNY 95,410,963.77, a decrease of 51.6% compared to CNY 197,116,541.46 in the same period last year[34] - The company experienced a net cash outflow from investing activities of CNY -197,907,000.20, worsening from a net outflow of CNY -81,551,342.41 in the previous year[35] - Cash and cash equivalents increased by CNY 83,039,716.51, compared to an increase of CNY 31,602,261.04 in the same period last year[35] - The total cash and cash equivalents at the end of the period stood at CNY 775,103,741.16, up from CNY 574,366,415.31 at the end of Q3 2019[35] Shareholder Information - The number of shareholders at the end of the reporting period was 12,535[8] - The company's equity attributable to shareholders reached ¥1,174,360,982.75, contributing to total equity of ¥1,505,565,469.11[41] - Shareholders' equity stood at approximately $1.08 billion, including retained earnings of $216.62 million[45] Investment and Financing Activities - The company raised CNY 1,716,382,862.57 from financing activities, an increase from CNY 1,243,965,706.86 in the previous year[35] - The company issued 47.41 million A shares in June 2020, raising a net amount of RMB 227,785,733.50, which significantly increased cash inflow from financing activities[13] - The company’s long-term borrowings decreased by 60.17% to CNY 67,757,680.73[11] - The company’s long-term borrowings stood at ¥170,099,745.57, reflecting a consistent long-term financing strategy[41] Operational Efficiency - Operating cash flow decreased compared to the same period last year, primarily due to reduced revenue from the impact of COVID-19[13] - The company plans to focus on market expansion and new product development to enhance future growth prospects[26] - The company is focused on expanding its market presence and enhancing product development through strategic investments and partnerships[38] Changes in Reserves and Income - The capital reserve increased by 37.04% to CNY 656,737,604.11[11] - The company's retained earnings decreased significantly, reflecting the impact of the pandemic, with a reduction from RMB 287,285,060.27 to RMB 87,578,579.20[18] - The company reported a significant decrease in investment income, down 142.93% to CNY -319,983.77[11] - The company reported investment income of 8,032,853.97 RMB for Q3 2020, compared to 5,493,810.50 RMB in Q3 2019, indicating an increase of approximately 46.5%[32]