[Important Notice](index=3&type=section&id=Item%20I.%20Important%20Notice) The board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report, assuming legal responsibility [Board Statement and Audit Status](index=3&type=section&id=1.1-1.4) The company's board of directors, supervisory board, and senior management confirm the accuracy and completeness of this quarterly report, which remains unaudited - The company's management guarantees the truthfulness, accuracy, and completeness of this quarterly report, free from false statements, misleading representations, or material omissions, and assumes legal responsibility[5](index=5&type=chunk) - This company's Q3 2017 report is unaudited[5](index=5&type=chunk) [Company Overview](index=3&type=section&id=Item%20II.%20Company%20Overview) This section provides an overview of the company's fundamental information, including key financial data and shareholder structure [Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) As of Q3 2017, the company's core financial metrics showed significant year-over-year declines, with total assets decreasing by 9.09% from the year-end, and net profit attributable to shareholders sharply down by 64.76% | Indicator | Period-End / Year-to-Date (Jan-Sep) | Prior Year-End / Prior Period (Jan-Sep) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets (CNY) | 6,011,309,965.42 | 6,612,191,923.45 | -9.09% | | Net Assets Attributable to Shareholders (CNY) | 3,197,406,460.52 | 3,257,450,777.66 | -1.84% | | Operating Revenue (CNY) | 2,893,378,067.05 | 3,250,157,146.87 | -10.98% | | Net Profit Attributable to Shareholders (CNY) | 46,311,718.87 | 131,400,888.01 | -64.76% | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) (CNY) | 14,972,024.47 | 106,263,912.19 | -85.91% | | Net Cash Flow from Operating Activities (CNY) | 523,112,606.24 | 966,370,482.94 | -45.87% | | Basic Earnings Per Share (CNY/share) | 0.0440 | 0.1247 | -64.72% | | Non-recurring Gains and Losses | Year-to-Date Amount (CNY) | Explanation | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | 19,450,244.90 | Equity transfer gains, vehicle disposal losses | | Government Subsidies | 22,580,610.84 | Government support funds | | Other Non-operating Income and Expenses | 2,664,283.07 | - | | **Total** | **31,339,694.40** | - | [Shareholder Information at Period-End](index=4&type=section&id=2.2%20Shareholder%20Information%20at%20Period-End) As of the reporting period end, the company had 98,155 common shareholders, with Shanghai Jiushi (Group) Co., Ltd. as the largest shareholder holding 48.00% of shares, none of which are pledged or frozen - As of the reporting period end, the company had **98,155** shareholders[9](index=9&type=chunk) | Shareholder Name | Shares Held at Period-End | Percentage (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | Shanghai Jiushi (Group) Co., Ltd. | 505,643,561 | 48.00 | State-owned Legal Person | | CSI Shanghai State-owned Enterprise ETF | 6,405,889 | 0.61 | Unknown | | PICC Asset Management Anxin Return Product | 6,099,994 | 0.58 | Unknown | | Fang Shan Zhu | 5,571,840 | 0.53 | Domestic Natural Person | - The company is unaware of any关联关系 (related party relationships) or一致行动关系 (acting-in-concert relationships) among the top ten shareholders[11](index=11&type=chunk) [Preferred Shareholder Information at Period-End](index=6&type=section&id=2.3%20Preferred%20Shareholder%20Information%20at%20Period-End) During the reporting period, the company had no preferred shares or preferred shareholders - The company has no preferred shareholder information to report[11](index=11&type=chunk) [Significant Matters](index=6&type=section&id=Item%20III.%20Significant%20Matters) This section details significant changes in the company's financial items and other important matters during the reporting period [Analysis of Significant Changes in Key Financial Items](index=6&type=section&id=3.1%20Analysis%20of%20Significant%20Changes%20in%20Key%20Financial%20Items) During the reporting period, several financial items experienced significant changes, primarily due to the impact of macroeconomic controls on the real estate business, leading to reduced sales and revenue | Balance Sheet Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Monetary Funds | -35.43% | Repayment of matured short-term financing bills, payment for investments and cash dividends | | Available-for-Sale Financial Assets | 100.46% | Capital increase in Sande Yinkatong Information Service Co., Ltd. | | Long-term Equity Investments | -31.37% | Transfer of equity in Shanghai Bus Tourism Shipping Co., Ltd. | | Investment Properties | 100.63% | Certain self-owned properties leased out, transferred from fixed assets | | Other Current Liabilities | -100.00% | Repayment of matured short-term financing bills | | Other Non-current Liabilities | 100.00% | Receipt of special subsidy funds for redundant personnel | | Income Statement Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Operating Revenue | -10.98% | Decrease in real estate project sales recognition | | Business Taxes and Surcharges | -57.33% | Decrease in real estate sales, leading to a corresponding reduction in related taxes and fees | | Financial Expenses | -47.45% | Repayment of short-term financing bills, reduction in interest-bearing debt | | Investment Income | 270.15% | Receipt of dividends from Sande Yinkatong Co. and equity transfer gains | | Total Profit | -61.64% | Decrease in real estate project sales and decline in car rental business performance | | Net Profit Attributable to Parent | -64.76% | Decrease in real estate project sales and decline in car rental business performance | | Cash Flow Statement Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -45.87% | Decrease in real estate project sales recognition and reduction in advance receipts for housing | | Net Cash Flow from Investing Activities | 44.74% | Higher tax payments on disposal of long-term assets in prior year, reduced investment in vehicle updates this period | | Net Cash Flow from Financing Activities | -137.08% | Repayment of short-term financing bills issued in 2016 during this period | | Net Increase in Cash and Cash Equivalents | -2423.08% | Repayment of matured short-term financing bills, payment for investments | [Other Significant Matters](index=9&type=section&id=3.2-3.4) During the reporting period, there were no significant matter developments, overdue unfulfilled commitments, or warnings regarding potential losses or significant changes in cumulative net profit for the next reporting period - No significant matter developments, overdue unfulfilled commitments, or profit warnings requiring special disclosure during the reporting period[16](index=16&type=chunk) [Appendix](index=10&type=section&id=Item%20IV.%20Appendix) This section includes the company's unaudited financial statements for the period ended September 30, 2017 [Financial Statements](index=10&type=section&id=4.1%20Financial%20Statements) This chapter presents the company's unaudited consolidated and parent company balance sheets as of September 30, 2017, and consolidated and parent company income statements and cash flow statements for January-September 2017 [Consolidated Balance Sheet](index=10&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2017, the company's total assets were **CNY 6.01 billion**, a 9.09% decrease from the beginning of the year, with total liabilities at **CNY 2.44 billion** and owner's equity attributable to the parent company at **CNY 3.20 billion** | Item | Period-End Balance (CNY) | Year-Beginning Balance (CNY) | | :--- | :--- | :--- | | Total Assets | 6,011,309,965.42 | 6,612,191,923.45 | | Total Liabilities | 2,441,650,292.71 | 2,974,335,229.65 | | Total Owner's Equity Attributable to Parent Company | 3,197,406,460.52 | 3,257,450,777.66 | | Total Liabilities and Owner's Equity | 6,011,309,965.42 | 6,612,191,923.45 | [Parent Company Balance Sheet](index=12&type=section&id=Parent%20Company%20Balance%20Sheet) As of September 30, 2017, the parent company's total assets were **CNY 4.18 billion**, a slight increase from the beginning of the year, with total liabilities at **CNY 819.61 million** and owner's equity at **CNY 3.36 billion** | Item | Period-End Balance (CNY) | Year-Beginning Balance (CNY) | | :--- | :--- | :--- | | Total Assets | 4,178,589,465.04 | 4,123,198,181.85 | | Total Liabilities | 819,608,195.85 | 749,391,221.10 | | Total Owner's Equity | 3,358,981,269.19 | 3,373,806,960.75 | | Total Liabilities and Owner's Equity | 4,178,589,465.04 | 4,123,198,181.85 | [Consolidated Income Statement](index=14&type=section&id=Consolidated%20Income%20Statement) For the first three quarters of 2017 (Jan-Sep), the company's total operating revenue was **CNY 2.89 billion**, a 10.98% year-over-year decrease, with net profit attributable to parent company owners significantly declining by 64.76% to **CNY 46.31 million** | Item (Jan-Sep) | 2017 (CNY) | 2016 (CNY) | | :--- | :--- | :--- | | Total Operating Revenue | 2,893,378,067.05 | 3,250,157,146.87 | | Operating Profit | 60,577,959.20 | 168,624,096.28 | | Total Profit | 79,114,080.76 | 206,261,728.97 | | Net Profit Attributable to Parent Company Owners | 46,311,718.87 | 131,400,888.01 | | Basic Earnings Per Share (CNY/share) | 0.0440 | 0.1247 | [Parent Company Income Statement](index=17&type=section&id=Parent%20Company%20Income%20Statement) For the first three quarters of 2017 (Jan-Sep), the parent company's operating revenue was **CNY 123.84 million**, largely consistent with the prior year, and net profit was **CNY 90.51 million**, a slight decrease | Item (Jan-Sep) | 2017 (CNY) | 2016 (CNY) | | :--- | :--- | :--- | | Operating Revenue | 123,836,198.33 | 125,793,987.06 | | Operating Profit | 94,319,433.90 | 102,270,639.12 | | Total Profit | 97,902,820.11 | 105,717,121.93 | | Net Profit | 90,510,458.36 | 92,479,694.19 | [Consolidated Cash Flow Statement](index=18&type=section&id=Consolidated%20Cash%20Flow%20Statement) For the first three quarters of 2017 (Jan-Sep), net cash flow from operating activities was **CNY 523.11 million**, a 45.87% year-over-year decrease, while net cash flow from financing activities was a net outflow of **CNY 557.76 million** due to debt repayment | Item (Jan-Sep) | 2017 (CNY) | 2016 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 523,112,606.24 | 966,370,482.94 | | Net Cash Flow from Investing Activities | -393,872,355.47 | -712,756,601.76 | | Net Cash Flow from Financing Activities | -557,759,955.41 | -235,257,995.43 | | Net Increase in Cash and Cash Equivalents | -428,517,384.79 | 18,446,092.43 | | Cash and Cash Equivalents at Period-End | 767,619,438.71 | 940,106,484.01 | [Parent Company Cash Flow Statement](index=20&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) For the first three quarters of 2017 (Jan-Sep), the parent company's net cash flow from operating activities turned to a net inflow of **CNY 398.87 million**, while net cash flow from financing activities resulted in a net outflow of **CNY 543.51 million** | Item (Jan-Sep) | 2017 (CNY) | 2016 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 398,869,419.70 | -79,845,907.39 | | Net Cash Flow from Investing Activities | -26,515,883.59 | 383,112,987.51 | | Net Cash Flow from Financing Activities | -543,509,125.19 | -200,468,719.66 | | Net Increase in Cash and Cash Equivalents | -171,155,589.08 | 102,798,360.46 | | Cash and Cash Equivalents at Period-End | 504,481,626.66 | 303,499,295.55 | [Audit Report](index=21&type=section&id=4.2%20Audit%20Report) This quarterly financial report remains unaudited - The audit report section indicates "not applicable," consistent with the statement at the beginning of the report that "this company's Q3 report is unaudited"[5](index=5&type=chunk)[35](index=35&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2017 was ¥1,939,422,637.13, a decrease of 15.27% compared to ¥2,289,013,821.14 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2017 was ¥30,000,388.35, down 67.99% from ¥93,714,092.33 year-on-year[20]. - The net cash flow from operating activities decreased by 83.24%, amounting to ¥103,870,112.87 compared to ¥619,852,473.03 in the previous year[20]. - The basic earnings per share for the first half of 2017 was ¥0.0285, a decline of 67.98% from ¥0.0890 in the same period last year[21]. - Operating revenue decreased by 15.27% to ¥1,939,422,637.13 compared to ¥2,289,013,821.14 in the same period last year[46]. - Operating costs decreased by 10.56% to ¥1,694,660,713.43 from ¥1,894,751,370.56 year-on-year[46]. - R&D expenses significantly reduced by 88.99% to ¥214,201.53 from ¥1,945,967.20[46]. - Financial expenses decreased by 45.29% to ¥10,533,969.27 compared to ¥19,252,665.65 in the previous year[47]. - Investment income increased by 89.02% to ¥22,239,186.51 from ¥11,765,339.69 year-on-year[47]. - The company reported a significant reduction in accounts payable, which decreased to CNY 167,505,280.04 from CNY 271,922,909.02, a decline of approximately 38.4%[97]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,855,861,688.96, representing a decrease of 11.44% from ¥6,612,191,923.45 at the end of the previous year[20]. - The company's current assets totaled CNY 1,863,873,170.00, down from CNY 2,648,899,432.18 at the start of the period, indicating a decline of approximately 29.5%[95]. - Total liabilities decreased to CNY 2,191,341,774.80 from CNY 2,974,335,229.65, reflecting a reduction of approximately 26.4%[97]. - The company's equity attributable to shareholders increased to CNY 3,287,451,166.01 from CNY 3,257,450,777.66, showing a growth of about 0.9%[98]. - Cash and cash equivalents decreased by 55.05% to ¥539,317,977.22 from ¥1,199,694,851.82 in the previous period[51]. Operational Highlights - The company operates a fleet of over 12,000 taxis, holding approximately 25% market share in Shanghai, ranking first in the industry[28]. - The company has a dispatch platform capable of accommodating 40,000 vehicles, with a daily dispatch capacity of 60,000 trips[28]. - The company owns over 5,000 rental vehicles, making it the largest car rental enterprise in the Shanghai area[29]. - The company’s "Strong Life" mobile app has been launched, offering services such as UnionPay mobile payment and in-car DVR recording[28]. - The company achieved a sales rate of 97.47% for high-rise residential units and 63.19% for villas in its real estate project "Jun Yue Bay"[33]. - The company has maintained the highest passenger satisfaction index in the Shanghai taxi industry for six consecutive years[28]. - The company is actively expanding its tourism segment, with a focus on cruise travel and local tours, and has partnered with Royal Caribbean for membership services[32]. Challenges and Risks - The significant decline in profits was primarily due to the impact of macroeconomic policies on the real estate sector, particularly affecting the Junqiang Real Estate project[22]. - The real estate sector is facing significant uncertainty due to tightening macroeconomic policies, affecting market demand[62]. - Rising labor costs pose a risk to the company's profitability, as the transportation industry is labor-intensive[63]. - The company faces competition from internet-based ride-hailing services, which have disrupted traditional transportation models[65]. Corporate Governance and Shareholder Information - The company did not distribute profits or increase capital reserves during the reporting period[5]. - There are no proposed profit distribution or capital reserve transfer plans for the first half of 2017, with no dividends or stock bonuses planned[69]. - The company had a total of 102,590 common stock shareholders at the end of the reporting period[83]. - The largest shareholder, Shanghai Jiushi (Group) Co., Ltd., held 48.00% of the shares, totaling 505,643,561 shares[85]. - The company did not experience any changes in its share capital structure during the reporting period[81]. Financial Management and Investments - The company provided a total of 1 billion RMB in entrusted loans to Jiangshi Company, with interest rates based on the one-year bank deposit benchmark[75]. - Total guarantees provided by the company to subsidiaries during the reporting period amounted to ¥110,000,000[78]. - The company completed a capital increase in Shande Yinkatong Information Service Co., Ltd., acquiring 30 million new shares at ¥6 per share, totaling an investment of ¥180,000,000[55]. - The company invested ¥181,554,500 in the reporting period, a significant increase from ¥20,000,000 in the same period last year[54]. Accounting and Compliance - The company's financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[144]. - The company evaluated its ability to continue as a going concern and found no significant doubts regarding its ongoing viability[145]. - The financial statements prepared by the company comply with the requirements of the accounting standards, reflecting a true and complete picture of its financial status and operating results[146]. - The company applies the equity method for accounting investments, with changes in net assets recognized only upon disposal of the investment[151].

Financial Performance - Operating revenue fell by 22.74% to CNY 898,307,588.29 from CNY 1,162,681,393.32 year-on-year[6] - Net profit attributable to shareholders decreased by 46.92% to CNY 19,282,776.56 compared to CNY 36,329,154.18 in the same period last year[6] - Basic and diluted earnings per share both decreased by 46.96% to CNY 0.0183 from CNY 0.0345[6] - Revenue for Q1 2017 was 29,323,874.81, a decrease of 43.14% compared to Q1 2016's 51,571,363.98[15] - Net profit for Q1 2017 was 16,826,523.55, down 58.30% from 40,347,025.96 in Q1 2016[15] - The total profit for Q1 2017 was 32,559,599.31, reflecting a 43.32% decline from 57,445,503.74 in the same period last year[15] - Total revenue for Q1 2017 was ¥898,307,588.29, a decrease of 22.7% compared to ¥1,162,681,393.32 in the same period last year[28] - The company reported a net profit margin decline due to reduced revenue, impacting overall profitability[28] Cash Flow and Assets - Cash flow from operating activities showed a significant decline of 132.07%, resulting in a net cash outflow of CNY 34,865,666.50[6] - The cash flow from operating activities for Q1 2017 was -34,865,666.50, a significant drop of 132.07% compared to 108,726,495.00 in Q1 2016[17] - The net cash flow from investing activities was -227,583,651.64 in Q1 2017, an increase of 90.68% from -119,352,807.42 in Q1 2016[17] - The total cash and cash equivalents at the end of the period were 925,050,453.92 RMB, down from 1,194,556,285.38 RMB at the beginning of the period[37] - The cash and cash equivalents decreased by 269,505,831.46 in Q1 2017, reflecting a significant decline[18] - The cash inflow from operating activities totaled 186,885,295.08 RMB, a significant increase from 59,842,685.06 RMB in the previous period[38] - The cash outflow for operating activities was 71,451,005.00 RMB, a decrease from 149,485,320.45 RMB in the previous period[38] Shareholder Information - The number of shareholders reached 104,536, with the largest shareholder holding 48.00% of the shares[10] - The company has not issued preferred shares, and there is no information on the existence of related party relationships among major shareholders[11] Liabilities and Equity - Current liabilities totaled ¥2,746,587,986.68, a decrease of 6.0% from ¥2,922,632,572.92 at the start of the year[23] - Non-current liabilities decreased to ¥36,422,638.74 from ¥51,702,656.73, representing a decline of 29.5%[23] - Owner's equity increased to ¥3,651,360,233.64 from ¥3,637,856,693.80, showing a slight increase of 0.4%[23] Operational Adjustments - The company reported a decrease in operating profit primarily due to reduced sales volume from the Junyue Bay project[15] - The company plans to address the decline in cash flow and profitability through strategic adjustments in project management and investment focus[18] - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future growth[28]

Financial Performance - The company achieved a consolidated net profit attributable to shareholders of CNY 184,317,101.79 in 2016, representing a 2.31% increase from CNY 180,158,781.94 in 2015[2]. - Total operating revenue for 2016 was CNY 5,004,540,974.82, reflecting a 5.95% increase compared to CNY 4,723,286,942.30 in 2015[19]. - The net cash flow from operating activities increased by 28.58% to CNY 1,083,533,648.23 in 2016, up from CNY 842,695,444.40 in 2015[19]. - The basic earnings per share for 2016 was CNY 0.1750, a 2.34% increase from CNY 0.1710 in 2015[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 162,418,094.59, a decrease of 23.95% from CNY 213,565,358.49 in 2015[19]. - The total profit for the year was CNY 299.65 million, with a net profit attributable to shareholders of CNY 184.32 million[39]. - The company reported a significant increase in cash inflow from pre-sales of villas in the Junyue Bay project, contributing to the rise in net cash flow from operating activities[22]. Assets and Liabilities - The company's total assets decreased by 4.25% to CNY 6,612,191,923.45 at the end of 2016, down from CNY 6,905,637,090.52 at the end of 2015[19]. - The company's net assets attributable to shareholders increased by 2.48% to CNY 3,257,450,777.66 at the end of 2016, compared to CNY 3,178,469,894.97 at the end of 2015[19]. - Cash and cash equivalents at the end of the period reached CNY 1,199,694,851.82, accounting for 18.14% of total assets, an increase of 28.89% compared to the previous period[68]. - Accounts receivable increased by 19.87% to CNY 228,697,893.56, representing 3.46% of total assets[68]. - Inventory decreased significantly by 42.59% to CNY 761,357,993.62, primarily due to the transfer of inventory related to the Junyue Bay project and the Jiangqiao Hotel[68]. - Short-term borrowings decreased by 1.71% to CNY 1,000,000,000.00, representing 15.12% of total liabilities[69]. - The company's total liabilities decreased from CNY 3,342,310,259.49 to CNY 2,974,335,229.65, representing a reduction of about 11%[200]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 105,336,219.10 for the year 2016[2]. - The company reported a net profit of 184,317,101.79 RMB for 2016, with a dividend payout ratio of 57%[117]. - The company has maintained a cash dividend payout ratio of over 50% since 2008, with a cash dividend of 1.00 RMB per 10 shares for the fiscal year 2015, totaling 105,336,219.10 RMB distributed[115]. Operational Highlights - The company expanded its car rental services, operating over 6,400 vehicles and covering 53 cities nationwide, making it the largest car rental company in Shanghai[30]. - The tourism segment achieved a record of over 40,000 passengers for chartered cruises, expanding its offerings to include Disney-themed travel products[32]. - The real estate segment reported a sales rate of 97% for high-rise residential units in the "Jun Yue Bay" project, with 346 units sold[33]. - The company is experiencing a rapid growth in the car rental industry, with an annual growth rate of approximately 20%[71]. - The company is focusing on expanding its market presence in small and medium-sized cities and towns, indicating a strategic shift towards broader market coverage[71]. Challenges and Risks - The company faces risks from rising labor costs, which could impact overall profitability due to the labor-intensive nature of the industry[105]. - The overall operating profit and gross margin of the taxi industry are being compressed due to rising rigid costs such as labor and vehicle updates[85]. - The company is adapting to regulatory changes in the taxi industry, which aims to enhance service quality and operational safety[70]. Governance and Compliance - The company has not faced any major litigation or arbitration matters during the reporting period, indicating a stable legal standing[123]. - The company has renewed its audit engagement with Da Hua Accounting Firm for the 2016 fiscal year, with audit fees set at 750,000 RMB[122]. - The company has established a clear cash dividend policy, which includes a minimum cash dividend ratio, approved by the board and shareholders[114]. - The company has maintained transparency in information disclosure, completing regular reports and 30 interim announcements during the reporting period[178]. Future Outlook - The company aims to achieve an operating revenue of 4.5 billion yuan in 2017, with operating costs targeted to be controlled at 4.3 billion yuan[96]. - The company expects to require 1.6 billion yuan in financing for 2017, primarily for vehicle acquisition and debt repayment[102]. - The company plans to continue expanding its real estate projects and enhance its market presence in the coming years[56].

Financial Performance - Revenue for the year-to-date was CNY 3,250,157,146.87, reflecting a year-on-year increase of 2.41%[6] - Net profit attributable to shareholders of the listed company decreased by 3.35% to CNY 131,400,888.01[6] - Basic earnings per share for the period was CNY 0.1247, down 3.41% compared to the previous year[7] - The weighted average return on net assets was 4.08%, a decrease of 0.24 percentage points[7] - Net profit for the first nine months of 2016 was CNY 206,261,728.97, a decrease of 2.6% compared to CNY 212,380,367.72 in the first nine months of 2015[22] - The net profit attributable to the parent company for Q3 2016 was CNY 37,686,795.68, a decrease of 18.5% compared to CNY 46,064,298.14 in Q3 2015[23] - The total comprehensive income for Q3 2016 was CNY 42,873,824.48, down 20.0% from CNY 53,488,865.89 in the same period last year[24] - Operating profit for the first nine months of 2016 was CNY 102,270,639.12, down 39.2% from CNY 168,334,132.62 in the previous year[25] - The total profit for Q3 2016 was CNY 26,345,854.28, a decrease of 55.8% compared to CNY 59,537,974.11 in Q3 2015[26] - The net profit for the first nine months of 2016 was CNY 92,479,694.19, down 44.4% from CNY 165,555,492.02 in the same period last year[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,890,721,714.82, a decrease of 0.22% compared to the end of the previous year[6] - The company’s total liabilities decreased slightly from CNY 3,272,532,930.59 to CNY 3,250,521,845.01, a reduction of 0.67%[15] - Total assets decreased from CNY 6,905,637,090.52 at the end of 2015 to CNY 6,890,721,714.82 at the end of Q3 2016, a decline of 0.22%[14] - Total liabilities as of September 30, 2016, were CNY 578,067,769.21, significantly reduced from CNY 1,495,999,689.91 at the beginning of the year[19] - The company’s total liabilities and equity as of September 30, 2016, were CNY 3,938,801,153.98, down from CNY 4,869,589,599.59 at the beginning of the year[19] Cash Flow - Net cash flow from operating activities for the year-to-date (January to September) was CNY 966,370,482.94, an increase of 81.65% year-on-year[6] - The net cash flow from operating activities for the year-to-date period (January to September) is RMB 966,370,482.94, an increase of 81.9% compared to RMB 531,992,942.75 in the same period last year[28] - Total cash inflow from operating activities is RMB 4,066,755,932.93, up from RMB 3,857,882,646.45, reflecting a growth of 5.4% year-over-year[28] - Cash outflow from operating activities decreased to RMB 3,100,385,449.99 from RMB 3,325,889,703.70, a reduction of 6.8%[28] - The net cash flow from investment activities is -RMB 712,756,601.76, worsening from -RMB 559,587,643.89 in the previous year[29] - Cash inflow from financing activities amounted to RMB 1,355,955,704.79, compared to RMB 1,214,400,000.00 in the previous year, marking an increase of 11.6%[29] - The ending cash and cash equivalents balance is RMB 940,106,484.01, up from RMB 601,641,904.44, indicating a significant increase of 56.2%[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 114,233[9] - The largest shareholder, Shanghai Jiushi (Group) Co., Ltd., held 48.00% of the shares[9] - Net assets attributable to shareholders of the listed company increased by 0.83% to CNY 3,204,869,198.73[6] - The company’s equity attributable to shareholders increased to CNY 3,204,869,198.73 from CNY 3,178,469,894.97, reflecting a growth of 0.8%[19] Operational Changes - Financial expenses increased by 167.77% from CNY 10,095,416.95 to CNY 27,032,499.03, linked to interest on loans for completed real estate projects[12] - The company reported a significant reduction in employee compensation payable, down 77.59% from CNY 101,859,572.04 to CNY 22,821,661.79, reflecting payment fulfillment[12] - Accounts payable decreased by 42.92% from CNY 320,624,495.30 to CNY 183,011,191.06, due to payments made for construction projects[12] - Prepayments increased by 66.61% from CNY 266,517,721.51 to CNY 444,040,176.44, attributed to tourism business prepayments[12] - Other current assets surged by 199.63% from CNY 37,124,308.84 to CNY 111,237,135.31, due to increased VAT credits and prepaid taxes[12]

Financial Performance - The company achieved operating revenue of CNY 2,289,013,821.14, representing a year-on-year increase of 12.11%[16] - The net profit attributable to shareholders was CNY 93,714,092.33, reflecting a growth of 4.25% compared to the same period last year[16] - The net cash flow from operating activities increased by 128.78% to CNY 619,852,473.03[17] - The basic earnings per share rose to CNY 0.0890, an increase of 4.34% year-on-year[18] - The weighted average return on net assets was 2.91%, up by 0.06 percentage points from the previous year[18] - The company reported a total of CNY 11,241,810.82 in non-recurring gains and losses during the reporting period[20] - The company's operating revenue for the current period reached RMB 2,289,013,821.14, an increase of 12.11% compared to RMB 2,041,669,858.55 in the same period last year[33] - Operating costs increased by 11.34% to RMB 1,894,751,370.56 from RMB 1,701,845,157.63, primarily due to higher costs associated with the sales of properties in the Junqiang Real Estate Junyue Bay project[33] - The company reported a significant increase in financial expenses, up 64.28% to RMB 19,252,665.65, due to the capitalization of interest expenses being eliminated following the completion of the Junyue Bay project[33] - The company’s total comprehensive income for the first half of 2016 was CNY 71,502,439.10, down from CNY 109,559,421.66 in the previous year[99] Asset and Liability Management - The total assets decreased by 1.33% to CNY 6,814,119,340.91 compared to the end of the previous year[17] - The company’s net assets attributable to shareholders increased by 2.96% to CNY 3,272,518,622.15[17] - The total liabilities amounted to ¥3,160,362,059.43, down from ¥3,342,310,259.49, indicating a decrease of approximately 5.44%[90] - The company's current assets totaled ¥2,789,576,687.47, down from ¥2,869,270,396.22, indicating a decline of approximately 2.77%[88] - Total liabilities were CNY 578,572,815.38, down from CNY 1,495,999,689.91, a decrease of about 61.3%[94] Strategic Initiatives - The company plans to continue focusing on transformation and multi-industry support as part of its strategic goals for the year[22] - The company plans to enhance taxi reform efforts to become a leader in service quality and expand market share through innovative operating models[29] - The company aims to strengthen its leasing service supply capabilities while expanding its business in the Yangtze River Delta region[29] - The company is committed to advancing information technology and maintaining a leading position in smart terminal research and development in the transportation sector[31] - The tourism division will optimize product structure and leverage the Disney opening to launch new products and routes[31] Business Segments Performance - The taxi industry maintains the highest passenger satisfaction index, achieving a five-time consecutive win in passenger satisfaction ratings[23] - The car rental business has a fleet of over 6,500 vehicles, covering 53 cities nationwide, with a focus on expanding school bus and group customer services[25] - The tourism sector received 92,100 visitors in the first half of the year, a 17.84% increase year-on-year, with domestic tourists increasing by 123%[27] - The real estate segment sold 341 high-rise residential units with a sales rate of 95.8% and 166 villas with a sales rate of 57.6% by the end of June[28] Shareholder and Governance - The company announced a cash dividend of RMB 1.00 per 10 shares, totaling RMB 105.34 million, based on the existing share capital of 1,053,362,191 shares[59] - The controlling shareholder, Shanghai Jiushi Group Co., Ltd., holds 505,643,561 shares, accounting for 48.00% of the total share capital[80] - The company held one shareholders' meeting and four board meetings during the reporting period[74] - The company continues to employ Da Hua Accounting Firm for its 2016 financial and internal control audits[72] - The company is committed to enhancing its corporate governance to ensure long-term healthy development[75] Investment and Financing Activities - The company has invested in equity stakes in Shande Commercial Factoring Co., Ltd. during the reporting period[49] - The investment amount during the reporting period was RMB 2,000 million, an increase of RMB 500 million compared to the same period last year, which was RMB 1,500 million, representing a 33.33% growth[50] - The company provided entrusted loans totaling RMB 200 million, RMB 130 million, RMB 230 million, RMB 170 million, and RMB 20 million to Junqiang Real Estate, all with a 12% interest rate over a 2-year term[52] - The company raised CNY 1,255,000,000.00 through borrowings, an increase from CNY 720,000,000.00 in the previous year[102] - The company paid CNY 1,337,400,000.00 in debt repayments during the first half of 2016, compared to CNY 682,759,515.01 in the same period last year[102] Compliance and Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[135] - The financial reports comply with the requirements of the enterprise accounting standards, accurately reflecting the company's financial position and operating results[137] - The company has not reported any major litigation or bankruptcy restructuring matters during the reporting period[62] - The company has not disclosed any new major contracts or leasing arrangements during this period[69] - The company has not reported any major changes in its financial condition or operational results due to related party transactions[66]

Financial Performance - Operating income increased by 11.62% to CNY 1,162,681,393.32 year-on-year[6] - Net profit attributable to shareholders decreased by 12.89% to CNY 36,329,154.18 compared to the same period last year[6] - Basic earnings per share decreased by 12.88% to CNY 0.0345[6] - Total operating revenue for Q1 2016 was CNY 1,162,681,393.32, an increase of 11.6% compared to CNY 1,041,648,738.11 in the same period last year[22] - Net profit for Q1 2016 was CNY 40,347,025.96, a decrease of 24.3% from CNY 53,308,248.87 in Q1 2015[24] - The net profit attributable to shareholders of the parent company was CNY 36,329,154.18, down 13.1% from CNY 41,705,680.48 in the previous year[24] - Basic and diluted earnings per share for Q1 2016 were CNY 0.0345, compared to CNY 0.0396 in Q1 2015[24] - The total comprehensive income for the first quarter of 2016 was CNY 15,437,321.38, compared to CNY 16,568,854.24 in the previous period, indicating a decrease[27] Cash Flow - Cash flow from operating activities increased significantly by 102.12% to CNY 108,726,495.00[6] - Cash inflow from operating activities was CNY 1,380,349,409.91, up from CNY 1,084,505,835.72, representing an increase of approximately 27.3%[29] - The net cash flow from operating activities was CNY 108,726,495.00, compared to CNY 53,791,980.72 in the previous period, showing a significant improvement[30] - Cash inflow from financing activities was CNY 330,382,426.43, significantly higher than CNY 72,251,000.00 in the previous period, marking an increase of over 357%[30] - The net cash flow from financing activities was CNY 18,998,241.36, compared to -CNY 129,578,488.56 in the previous period, indicating a turnaround[30] - The ending cash and cash equivalents balance was CNY 930,032,320.52, up from CNY 447,595,739.11, representing an increase of approximately 107.5%[30] Assets and Liabilities - Total assets decreased by 1.43% to CNY 6,807,137,055.19 compared to the end of the previous year[6] - Total current assets decreased to ¥2,774,929,590.45 from ¥2,869,270,396.22, representing a decline of approximately 3.29%[15] - Total liabilities decreased to ¥3,204,430,266.39 from ¥3,342,310,259.49, reflecting a reduction of about 4.12%[17] - Total assets as of the end of Q1 2016 were CNY 4,104,234,968.62, a decrease from CNY 4,869,589,599.59 at the end of the previous period[21] - Total liabilities amounted to CNY 715,207,737.56, down from CNY 1,495,999,689.91 in the previous period[21] - Total equity increased to CNY 3,389,027,231.06 from CNY 3,373,589,909.68 in the previous period[21] Shareholder Information - The total number of shareholders reached 128,896 at the end of the reporting period[9] - The largest shareholder, Shanghai Jiushi (Group) Co., Ltd., holds 48.00% of the shares[9] - The company's major shareholder, Shanghai Jiushi (Group) Co., Ltd., increased its stake by acquiring 8,854,538 shares, bringing its total ownership to 48.00%[11] - The company has committed to not reducing its shareholding during the acquisition period and the statutory period[12] Expenses - Management expenses increased by 39.16% to CNY 99,746,517.70 due to an increase in the scope of consolidation[10] - Financial expenses rose by 72.34% to CNY 9,303,462.82 as interest expenses were fully capitalized this period[10] - Total operating costs for Q1 2016 were CNY 1,113,645,467.77, up 15.4% from CNY 965,859,847.21 in Q1 2015[22] - The company incurred management expenses of CNY 99,746,517.70, which is an increase of 39.2% compared to CNY 71,679,965.42 in Q1 2015[23] Investment Income - The company reported an investment income of CNY 2,535,438.43, up from CNY 1,891,204.05 in the same period last year[23] Future Outlook - The company is focusing on improving cash flow management and reducing investment outflows in the upcoming quarters[30]

Financial Performance - The company achieved a consolidated net profit attributable to shareholders of CNY 180,158,781.94 in 2015, a decrease of 3.72% compared to CNY 187,113,461.14 in 2014[2]. - Total operating revenue for 2015 was CNY 4,723,286,942.30, reflecting a growth of 3.68% from CNY 4,555,682,269.01 in 2014[18]. - The net profit after deducting non-recurring gains and losses increased by 26.42% to CNY 213,565,358.49 from CNY 168,934,034.07 in the previous year[18]. - The basic earnings per share for 2015 was CNY 0.1710, down 3.72% from CNY 0.1776 in 2014[19]. - The weighted average return on net assets decreased to 5.7178% in 2015 from 6.1024% in 2014, a decline of 0.3846 percentage points[19]. - Cash flow from operating activities for 2015 was CNY 842,695,444.40, an increase of 16.28% compared to CNY 724,684,067.09 in 2014[18]. - The net profit attributable to shareholders for 2015 was approximately RMB 180 million, with quarterly profits of RMB 41.71 million, RMB 48.19 million, RMB 46.06 million, and RMB 44.20 million respectively[22]. - The company achieved total operating revenue of CNY 472,328.69 million in 2015, representing a year-on-year growth of 3.68%[38]. - The net profit attributable to shareholders of the parent company was CNY 18,015.88 million, a decrease of 3.72% compared to the previous year[45]. Assets and Liabilities - The company's total assets rose to CNY 6,905,637,090.52 at the end of 2015, marking an 11.08% increase from CNY 6,216,726,416.07 in 2014[18]. - The net assets attributable to shareholders increased by 2.38% to CNY 3,178,469,894.97 at the end of 2015 from CNY 3,104,673,689.29 at the end of 2014[18]. - The company’s total liabilities increased by 11.39% to CNY 334,231.03 million compared to the beginning of the year[44]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 105,336,219.10 based on the total share capital of 1,053,362,191 shares[2]. - The company declared a cash dividend of RMB 1.0 per 10 shares for 2015, with a payout ratio of 58%[109]. - The controlling shareholder, Jiushi Company, increased its stake in the company by acquiring 8,854,538 shares, which is 0.84% of the total shares, bringing its total holdings to 505,643,561 shares, or 48.00% of the total equity[110]. Operational Segments - The taxi service segment operates over 12,000 vehicles, holding approximately 25% of the taxi market share in Shanghai, and has maintained the highest passenger satisfaction index for five consecutive years[26]. - The company has expanded its car rental business to over 6,400 vehicles, becoming the largest car rental service provider in Shanghai, with a service network covering 53 cities nationwide[27]. - The automotive service segment achieved sales of over 3,900 new vehicles and has developed a comprehensive service chain including maintenance and second-hand vehicle sales[28]. - The tourism segment generated nearly RMB 1 billion in revenue in 2015, with plans to leverage the opening of Disneyland in Shanghai to further expand its business[30]. - The real estate segment achieved sales of approximately 30,000 square meters, generating revenue of about RMB 760 million despite facing regulatory challenges[31]. Market Position and Competition - The company maintained a market share of over 53% in the Shanghai electric dispatch market, completing 2.86 million dispatches in 2015[38]. - The taxi industry in Shanghai is dominated by four major operators, which hold over 70% of the market share, indicating a highly competitive landscape[82]. - The overall operating profit and gross margin in the taxi industry are under pressure due to rising labor costs and operational expenses[83]. - The automotive rental industry is experiencing intense competition with a low entry barrier, leading to significant profit margin declines[84]. - The tourism industry is rapidly growing, with online platforms increasingly replacing traditional markets, although overall profits are declining[89]. Research and Development - Research and development expenses rose significantly to ¥6,678,949.95, marking a 75.20% increase compared to the previous year[47]. - The total R&D expenditure for the period was 6,678,949.95, accounting for 0.14% of the operating revenue[60]. - The company is focusing on expanding its new product development efforts, leading to a substantial increase in R&D spending[48]. Corporate Governance and Management - The company has a structured approach to leadership transitions, ensuring continuity in management roles[158]. - The company is committed to maintaining a strong management team to drive its strategic objectives[158]. - The total remuneration for the board members and senior management during the reporting period amounted to 385.9 million RMB[154]. - The company employed a total of 29,553 staff, including 4,325 in the parent company and 25,228 in major subsidiaries[165]. - The company has established a tiered training management system aimed at enhancing the quality of its workforce, focusing on compliance, practical skills, and service capabilities for management personnel[167]. Risks and Future Outlook - The company has outlined potential risks in its future development strategies, which are detailed in the management discussion and analysis section[5]. - The company faces risks including policy changes, rising operational costs, and increasing competition from internet-based transportation services[100][101][105]. - The company has not provided any future outlook or performance guidance in the available content[148][149]. Community Engagement and Recognition - The company participated in various social welfare activities, including volunteer services for the Shanghai Spring Transportation Alliance and support for children with autism[130]. - The company has received multiple awards in 2015, including being recognized as a top 100 enterprise in Shanghai and a model unit for political work in the taxi industry[129].

2015 年第三季度报告 公司代码：600662 公司简称：强生控股 上海强生控股股份有限公司 2015 年第三季度报告 1 / 20 | 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 | 5 | | 四、 | 附录 | 8 | 2015 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、高级管理人员应当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 公司负责人洪任初、主管会计工作负责人陈放及会计机构负责人（会计主管人员）刘纯保证 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 非经常性损益项目和金额 2.1 主要财务数据 √适用 □不适用 单位：元 币种：人民币 项目 本期金额 （7－9 月） 年初至报告期末金额 （1-9 月） 说明 非流动资产处置损益 1,123,938.02 ...

Financial Performance - The company's operating revenue for the first half of 2015 was approximately ¥2.04 billion, representing an increase of 8.65% compared to the same period last year[19]. - The net profit attributable to shareholders for the first half of 2015 was approximately ¥89.89 million, a growth of 45.17% year-on-year[19]. - The basic earnings per share for the first half of 2015 was ¥0.0853, up 45.07% from ¥0.0588 in the same period last year[18]. - The weighted average return on net assets increased to 2.85%, up by 0.79 percentage points compared to the previous year[18]. - The net cash flow from operating activities for the first half of 2015 was approximately ¥270.94 million, a slight increase of 2.39% year-on-year[19]. - The total assets at the end of the reporting period were approximately ¥6.42 billion, reflecting a growth of 3.25% from the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥3.19 billion, an increase of 2.90% compared to the previous year[19]. - The company achieved operating revenue of 2,041.67 million CNY, operating profit of 121.77 million CNY, and net profit attributable to the parent company of 89.89 million CNY, representing year-on-year growth of 8.65%, 42.69%, and 45.17% respectively[23]. Operational Highlights - The taxi service maintained a passenger satisfaction index of 84.67, ranking first in the industry, and completed 1.27 million dispatches, holding over 50% market share[24]. - The bus rental segment increased its operating vehicle count to 6,039, up by 334 vehicles year-on-year, and expanded its service for major events, receiving positive feedback from organizers[25]. - The company sold 4,956 vehicles in the first half of the year, including 2,864 for export and 1,726 in used car transactions[26]. - The tourism segment served over 129,000 passengers across 867 sailings, with international tourist numbers rising by approximately 48% year-on-year[27]. - The real estate segment achieved a sales rate of 96% for high-rise residential units, selling 340 units by the end of June[28]. Strategic Initiatives - The company plans to enhance its taxi operations by leveraging government policies for market expansion and introducing new vehicle models[28]. - The company aims to strengthen its automotive rental brand and expand its presence in the Yangtze River Delta region[29]. - The technology sector is focused on advancing the e-commerce platform and enhancing the smart navigation system to improve service offerings[30]. - The company is committed to integrating its tourism resources and adapting to market changes, particularly with the upcoming Disney opening in Shanghai[30]. Financial Management - The company issued a short-term financing bond totaling RMB 500 million on May 26, 2015, with an interest rate of 3.8%[36]. - The company has invested RMB 1,500,000 in establishing three new car rental subsidiaries during the reporting period, a significant increase from RMB 200,857.5 in the same period last year[50]. - The gross profit margin for the car rental business is 12.20%, with a slight increase of 0.20% compared to the previous year[41]. - The company's short-term borrowings decreased by 50.89% to RMB 413,000,000.00, due to a change in financing strategy[39]. - Revenue from the Zhejiang province increased by 106.21% compared to the previous year, attributed to business scale expansion[43]. Related Party Transactions - The total amount of related party transactions for the period reached ¥13.06 million, with various transactions including service fees and rental agreements[68]. - The company engaged in related party transactions with a total value of ¥2.58 million, with a significant portion related to property leasing and technical services[69]. - The company confirmed that all related transactions were conducted at market prices, ensuring compliance with pricing principles[70]. - The company has no significant reliance on related parties, maintaining its operational independence[70]. Governance and Compliance - The company continues to employ Da Hua Accounting Firm for financial and internal control audits for the fiscal year 2015[74]. - The company has not experienced any penalties or corrective actions involving its directors, supervisors, or major shareholders during the reporting period[75]. - The company held one shareholders' meeting and five board meetings during the reporting period, ensuring compliance with governance regulations[76]. - The total number of shares and capital structure remained unchanged during the reporting period[80]. Shareholder Information - The top ten shareholders include Shanghai Jiu Shi Company, holding 496,789,023 shares, representing 47.16% of total shares[82]. - The company announced a cash dividend of RMB 1.00 per 10 shares, totaling RMB 105,336,219.10, based on a share capital of 1,053,362,191 shares[59]. Asset Management - The total assets of the company as of June 30, 2015, amounted to RMB 6,418,516,507.74, an increase from RMB 6,216,726,416.07 at the beginning of the period[90]. - The company's current liabilities totaled RMB 3,038,395,956.26, compared to RMB 2,934,580,220.76 at the beginning of the period, indicating an increase in short-term obligations[91]. - The cash and cash equivalents decreased to RMB 616,008,145.97 from RMB 675,336,128.66, reflecting a reduction in liquidity[90]. - The company's inventory increased to RMB 1,488,707,326.61 from RMB 1,430,778,801.88, representing a growth of about 4%[90]. Investment and Acquisitions - The company has engaged in multiple acquisitions, including 100% stakes in several subsidiaries, enhancing its market presence and operational capacity[124]. - The company has established a joint venture with Fa Ba An Nuo to create a Sino-foreign joint venture car rental company, with the partnership progressing steadily[77]. - The company has increased its consolidated financial reporting scope by adding 3 subsidiaries, including Wuxi Jiutong Car Rental Service Co., Ltd., Nanjing Qingpu Car Rental Co., Ltd., and Huai'an Jiutong Car Rental Co., Ltd.[134]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial statements accurately reflect its financial position and operating results[137]. - The company’s financial statements are prepared in Renminbi (RMB) as the accounting currency[139]. - The company recognizes its share of assets and liabilities in joint operations according to relevant accounting standards[152]. - The company employs fair value measurement for financial assets and liabilities, using market quotes for active markets and valuation techniques for inactive markets[166].