Financial Performance - The company's operating revenue for Q1 2023 was CNY 360,508,188.64, representing a decrease of 11.39% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of CNY 40,973,455.70, with a basic earnings per share of -CNY 0.14[6][7]. - Operating profit for Q1 2023 was a loss of CNY 53,757,760.24, compared to a loss of CNY 24,660,862.34 in Q1 2022[20]. - The company reported a net loss of CNY 45,962,623.76 for Q1 2023, compared to a net loss of CNY 23,900,918.19 in Q1 2022[20]. - The net profit for Q1 2023 was -48,156,721.06 CNY, compared to -25,073,407.32 CNY in Q1 2022, indicating a decline of approximately 92.1% year-over-year[21]. - The net profit attributable to shareholders of the parent company was -40,973,455.70 CNY, a significant increase from -16,069,412.44 CNY in the same period last year[21]. - The basic and diluted earnings per share for Q1 2023 were both -0.14 CNY, compared to -0.06 CNY in Q1 2022, reflecting a worsening in earnings performance[21]. - The company reported a total comprehensive income of -48,156,721.06 CNY for Q1 2023, compared to -25,073,407.32 CNY in Q1 2022, reflecting a decline of approximately 92.1%[21]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 116.56%, amounting to CNY 59,054,365.14, driven by higher cash receipts from sales and services[9]. - Operating cash flow for Q1 2023 was 59,054,365.14 CNY, up from 27,268,948.22 CNY in Q1 2022, representing an increase of approximately 117.5%[22]. - The total cash inflow from financing activities was 562,100,000.00 CNY, compared to 669,400,000.00 CNY in Q1 2022, showing a decrease of about 16.0%[23]. - The cash and cash equivalents at the end of Q1 2023 were 397,005,464.91 CNY, down from 669,037,321.26 CNY at the end of Q1 2022, a decline of approximately 40.6%[23]. - The total cash outflow from investing activities was 50,300,137.81 CNY, down from 91,840,452.71 CNY in Q1 2022, indicating a reduction of approximately 45.0%[23]. - The net cash flow from financing activities was -23,997,154.72 CNY in Q1 2023, a significant decrease from 272,587,803.72 CNY in Q1 2022[23]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,703,999,531.61, a decrease of 1.70% from the previous year[7]. - Total assets as of March 31, 2023, amounted to CNY 4,703,999,531.61, a decrease from CNY 4,785,364,574.94 at the end of 2022[16]. - Total liabilities as of March 31, 2023, were CNY 3,533,516,358.71, down from CNY 3,565,834,918.44 at the end of 2022[17]. - The company's total equity as of March 31, 2023, was CNY 1,170,483,172.90, down from CNY 1,219,529,656.50 at the end of 2022[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,807[10]. - The largest shareholder, Jiangxi Changyun Group Co., Ltd., holds 23.09% of the shares[11]. Future Outlook - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[9]. Non-Recurring Items - Non-recurring gains and losses totaled CNY 18,097,503.78, with significant contributions from government subsidies and asset disposals[8]. - The company experienced a decrease in investment income by CNY 36,342,900.00 due to the absence of asset disposals compared to the previous year[9]. Inventory and Receivables - Accounts receivable as of March 31, 2023, were CNY 198,631,146.40, a decrease from CNY 205,662,115.35 at the end of 2022[15]. - Inventory as of March 31, 2023, increased to CNY 66,557,383.96 from CNY 61,905,727.90 at the end of 2022[15]. Operating Costs - Total operating costs for Q1 2023 were CNY 513,875,638.26, down 8.5% from CNY 561,416,416.54 in Q1 2022[20]. - The total operating cash inflow for Q1 2023 was 702,560,562.11 CNY, compared to 675,811,916.16 CNY in Q1 2022, an increase of about 3.0%[22].

Financial Performance - The net profit attributable to shareholders for 2022 was -147,900,828.74 RMB, indicating a loss compared to the previous year[6]. - The company's parent net profit for 2022 was -146,360,424.15 RMB, with a distributable profit of -28,679,801.73 RMB after accounting for prior undistributed profits and dividends paid[6]. - The company's operating revenue for 2022 was approximately ¥1.45 billion, a decrease of 20.12% compared to ¥1.82 billion in 2021[23]. - The net profit attributable to shareholders was a loss of approximately ¥147.9 million, compared to a profit of ¥11.5 million in 2021, marking a significant decline of 1,388.70%[23]. - The basic earnings per share for 2022 was -¥0.52, down from ¥0.04 in 2021, reflecting a decrease of 1,400%[24]. - The weighted average return on equity dropped to -14.34%, a decrease of 15.38 percentage points from 1.04% in 2021[24]. - The total assets at the end of 2022 were approximately ¥4.79 billion, down 7.56% from ¥5.18 billion at the end of 2021[23]. - The cash flow from operating activities for 2022 was approximately ¥200.05 million, a decrease of 53.76% compared to ¥432.64 million in 2021[23]. - The company reported a total operating cost decrease of ¥221 million, which was less than the decline in operating revenue[25]. - The total revenue for the company in 2022 was CNY 1.195 billion, a decrease from CNY 1.502 billion in 2021[51]. Operational Highlights - The company experienced a decline in passenger transport demand, with national road passenger volume decreasing by 30.3% in 2022 compared to the previous year[34]. - In 2022, the company completed a passenger volume of 55.15 million, a decrease of 18.65% year-on-year, and a passenger turnover of 2.855 billion person-kilometers, down 27.78% from the previous year[36]. - The company opened 374 urban-rural bus lines by the end of 2022, investing 106 million yuan in integrated urban and rural passenger transport construction[37]. - The company’s logistics subsidiary completed a transportation volume of 332,700 vehicles and a freight turnover of 29,947 million ton-kilometers in 2022[46]. - The company provided rent reductions totaling 32.12 million yuan to approximately 2,089 eligible enterprises during the reporting period[44]. Risk Management - The report includes a risk statement regarding future plans and development strategies, cautioning investors about potential investment risks[7]. - The company has outlined potential risks in the management discussion and analysis section of the report[8]. - The company faces risks from macroeconomic fluctuations that could impact transportation demand and performance[125]. - The company plans to strengthen risk management and control mechanisms to mitigate potential impacts from rising fuel prices[128]. Government Support and Subsidies - The company received government subsidies related to daily operations that decreased by ¥71.87 million compared to the previous year[25]. - The company received various government subsidies in recent years, but the 2022 subsidy standards for new energy vehicles decreased by 30% compared to 2021, introducing uncertainty in future government support[133]. Asset Management - The company disposed of low-efficiency assets, recovering 112.8 million yuan from the sale of 100% equity in a subsidiary and other asset transfers[41]. - The company has restricted cash and cash equivalents totaling ¥28,153,300.00, primarily for bank guarantees and insurance[78]. - The company’s fixed assets decreased by 2.43% to ¥2,328,915,021.93, which constitutes 48.67% of total assets[76]. Corporate Governance - The company has established a comprehensive internal control system, with 51 policies developed or revised during the reporting period[174]. - The internal control audit report issued by Zhongxing Caiguanghua CPA confirmed no major deficiencies in financial reporting controls[175]. - The company has a performance assessment system for directors and senior management based on audited annual operational goals and financial indicators[148]. - The company has a structured approach to evaluating the performance of its executives, which influences their annual salary[148]. Strategic Initiatives - The company is focusing on the integrated development of urban and rural public transport and intercity bus route transformation projects[67]. - The company aims to enhance user experience by expanding various scenario operations and improving operational efficiency[124]. - The company will deepen digital technology applications to create a comprehensive online and offline customer management system[124]. - The company is committed to innovation-driven transformation and aims to create incremental demand while improving quality and efficiency[127]. Environmental Commitment - The company emphasizes a "green, low-carbon, and environmentally friendly" operational philosophy, promoting energy-saving and emission-reduction technologies[180]. - The company has implemented measures to reduce carbon emissions, including the use of new energy vehicles in intercity and urban bus lines, and optimizing charging schedules to utilize off-peak electricity[183]. - The company invested RMB 16,949.23 million in environmental protection, including RMB 15,962.85 million for 275 new energy buses and RMB 986.38 million for charging station projects[178]. Employee Management - The total number of employees in the parent company is 207, while the main subsidiaries employ 11,229, resulting in a total of 11,436 employees[164]. - The company executed a salary management mechanism focused on improving efficiency and effectiveness, with a total of 26,044,227 yuan paid for outsourced labor[166][168]. - The company organized targeted training for employees in areas such as operational standards, safety management, and financial management, enhancing the talent development system[167].

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].