Financial Performance - Net profit attributable to shareholders rose by 40.51% to CNY 16,223,891.48 year-on-year[5] - Operating revenue increased by 11.47% to CNY 1,811,585,362.40 compared to the same period last year[5] - Basic earnings per share rose by 40.34% to CNY 0.0327 per share[5] - The company reported a net profit excluding non-recurring items of CNY 13,046,359.48, reflecting a year-on-year increase of 27.06%[5] - Net profit for Q1 2018 reached CNY 18,480,267.50, compared to CNY 13,927,237.35 in the previous year, marking a growth of 32.66%[23] - Net profit for Q1 2018 was CNY 3,186,146.34, compared to CNY 1,240,689.51 in the same period last year, representing a year-over-year increase of approximately 156.5%[26] - Total comprehensive income for Q1 2018 was CNY 2,530,278.84, compared to CNY 1,158,706.07 in Q1 2017, marking an increase of about 118.5%[26] Assets and Liabilities - Total assets increased by 4.53% to CNY 2,131,864,560.25 compared to the end of the previous year[5] - The company’s total assets increased to ¥2,131,864,560.25, up from ¥2,039,512,491.85 at the end of the previous year[16] - The total liabilities as of March 31, 2018, were CNY 323,866,509.74, compared to CNY 321,384,217.10 at the start of the year[21] - The total equity attributable to shareholders of the parent company was CNY 494,412,281.67, up from CNY 491,882,002.83[21] Cash Flow - Net cash flow from operating activities improved by 117.51% to CNY 61,773,158.48, a significant recovery from a negative cash flow in the previous year[5] - Cash received from operating activities decreased by 49.49% to ¥32,599,923.45 compared to ¥64,547,652.40 in the same period last year, mainly due to a reduction in prepayments[12] - Operating cash flow for Q1 2018 was CNY 61,773,158.48, a significant improvement from a negative cash flow of CNY -352,737,904.87 in the previous year[29] - The net cash flow from investing activities for Q1 2018 was CNY 14,991,039.77, compared to CNY 6,533,448.01 in the previous year, reflecting an increase of approximately 129.5%[30] - The net cash flow from financing activities was 4,442,226.62, compared to 5,150,520.57 in the previous period, showing a decrease in cash inflow from financing[33] Shareholder Information - The total number of shareholders reached 61,026, with 46,260 holding A shares and 14,766 holding B shares[9] - The largest shareholder, Bailian Group Co., Ltd., holds 48.10% of the shares, totaling 238,575,962 shares[9] Expenses and Costs - Total operating costs for Q1 2018 were CNY 1,796,518,695.94, up from CNY 1,618,804,951.50, reflecting a year-over-year increase of 10.98%[23] - The company’s income tax expense increased by 44.54% to ¥3,216,783.01, reflecting higher profits[11] - The total operating expenses for Q1 2018 were CNY 2,544,591.32, compared to CNY 2,355,933.19 in Q1 2017, indicating an increase of approximately 8%[25] Non-Recurring Items - Non-recurring gains and losses totaled CNY 3,177,532.00, with significant contributions from government subsidies and asset impairment reversals[7] Other Financial Metrics - The weighted average return on equity increased by 0.71 percentage points to 2.86%[5] - Financial expenses decreased by 48.64% to ¥1,543,782.03 from ¥3,005,705.59 in the same period last year, attributed to reduced financing costs[11] - The company reported an investment income of CNY 5,900,368.58 for Q1 2018, down from CNY 8,425,712.39 in the previous year[23] - The company’s cash and cash equivalents rose to ¥786,637,450.42, compared to ¥622,720,773.97 at the beginning of the year[15]

Financial Performance - The company's operating revenue for 2017 was approximately ¥6.10 billion, a decrease of 62.83% compared to ¥16.42 billion in 2016[21] - The net profit attributable to shareholders for 2017 was approximately ¥32.48 million, an increase of 120.71% from ¥14.71 million in 2016[21] - The net cash flow from operating activities improved to approximately ¥70.17 million, a significant increase of 132.13% compared to a negative cash flow of ¥218.42 million in 2016[21] - The total assets at the end of 2017 were approximately ¥2.04 billion, a decrease of 1.85% from ¥2.08 billion at the end of 2016[21] - The net assets attributable to shareholders increased by 5.51% to approximately ¥559.28 million at the end of 2017, compared to ¥530.08 million at the end of 2016[21] - The basic earnings per share for 2017 was ¥0.07, representing a 133.33% increase from ¥0.03 in 2016[22] - The weighted average return on equity for 2017 was 5.96%, an increase of 2.31 percentage points from 3.65% in 2016[22] - The company reported a total of 3,782,254.76 yuan in non-recurring gains and losses for 2017, compared to 62,523,305.53 yuan in 2016[28] - The company reported a significant decline in operating revenue to 6.103 billion yuan in 2017, down 62.83% year-on-year, primarily due to the divestiture of its non-ferrous metal trading business[41] - The net profit attributable to shareholders increased by 120.71% year-on-year to 32.48 million yuan, while the net profit after deducting non-recurring gains and losses rose by 160.02% to 28.69 million yuan[41] Operational Highlights - In 2017, the company sold 21,000 vehicles, representing a year-on-year growth of 3.7%[33] - The scale of used car services reached 89,000 vehicles, remaining stable compared to the previous year[33] - The sales volume of chemical products was 54,500 tons, showing a year-on-year increase of 13.3%[33] - The company's automotive trade, chemical product trade, and non-ferrous metal trading platforms all achieved year-on-year sales growth in 2017[38] - Bailian Automotive achieved an operating revenue of 3.39 billion yuan in 2017, completing 117.61% of its budget target, with new car sales increasing by 3.7% year-on-year to 20,688 units[39] - Jingtong Chemical reported an operating revenue of 600 million yuan, a year-on-year increase of 17.67%, while effectively reducing bad debt risk through domestic trade short-term credit insurance[39] - The non-ferrous metal trading platform generated an operating revenue of 2.338 billion yuan, up 19.30% year-on-year, despite a slight decline in physical volume by 0.67% to 55,800 tons[40] - Qiantong Investment achieved an operating revenue of 75.65 million yuan, completing 126% of its annual budget target, with a throughput of 3.07 million tons, exceeding the annual target by 154%[40] Financial Management - The company’s financial expenses decreased by 70.72% to 11.64 million yuan, attributed to a significant reduction in bank financing compared to the previous year[49] - The company’s total operating costs decreased by 64.22% to 5.75 billion yuan, reflecting the impact of the divestiture of its non-ferrous metal business[43] - Total cash received from sales and services in 2017 was ¥7,328,297,613.19, a decrease of 61.63% compared to ¥19,100,439,660.69 in 2016[51] - Cash paid for purchasing goods and services in 2017 was ¥6,921,472,698.99, down 63.31% from ¥18,863,240,218.14 in 2016[51] - The cash flow from investment income decreased by 73.51%, amounting to ¥25,853,052.33 compared to ¥97,607,218.89 in the previous year[51] Risks and Challenges - The company has outlined potential risks in its future development discussions within the report[7] - The company faces policy risks affecting its automotive business, leading to a gradual contraction in operational scale and resource control capabilities[69] - Price risks are present due to the dependence on international and domestic oil prices, increasing the need for better market price management[69] - Financial risks are highlighted as commodity trading relies heavily on funding, making the alignment of funding costs and profitability crucial[69] - The company is facing talent bottleneck risks due to an aging workforce and a lack of specialized talent, which may hinder management and innovation efforts[69] Corporate Governance - The company has maintained a stable management structure and improved internal control mechanisms to enhance management capabilities[38] - The company emphasizes the importance of corporate governance through regular elections and reappointments of board members[109] - The financial management team is led by Yang Aguo, who has been with the company since 2017[108] - The company has a diverse management team with extensive experience in various sectors, including finance and logistics[108] - The company has implemented a performance-based salary system for senior management, linking compensation directly to operational performance[120] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 64,210, an increase from 61,026 at the end of the previous month[96] - Among the shareholders, there were 49,378 A-shareholders and 14,832 B-shareholders[96] - The largest shareholder, Bailian Group, holds 238,575,962 shares, representing 48.10% of the total shares[98] - The second largest shareholder, Song Weiming, has reduced his holdings by 33,094 shares, now owning 1,451,000 shares, which is 0.29%[98] - The report indicates that there are no related party transactions among the top shareholders[98] Legal and Compliance Matters - There are ongoing significant litigation matters related to information disclosure violations, with a total of 160 cases filed against the company, involving claims of RMB 15.97 million and USD 26.34 million[78] - The company has completed compensation payments of RMB 7.55 million to 60 plaintiffs and RMB 5.69 million to 96 plaintiffs as part of settlement agreements[78] - The company has not encountered any situations that would lead to a suspension or termination of its listing[77] - The company has not disclosed any significant changes in accounting policies or estimates during the reporting period[74] Future Outlook - The company aims for a total revenue of CNY 5.83 billion for 2018, with period expenses estimated at CNY 347 million[68] - Bailian Automotive plans to enhance its "car life" service model by focusing on new energy vehicles and used car businesses[66] - The logistics business aims to build a logistics service ecosystem centered on bulk commodity trade and e-commerce platforms[68] - The company is exploring innovative cooperation models in the non-ferrous metal trading center to expand its online and offline integration[67]

Financial Performance - Operating revenue for the first nine months was CNY 4,686,423,194.21, a decline of 68.57% year-on-year[7] - Net profit attributable to shareholders increased by 39.36% to CNY 23,122,436.03 for the first nine months[7] - The company's operating revenue for the current year reached ¥4,686,423,194.21, a decrease of 68.57% compared to the same period last year due to the disposal of assets from the non-ferrous subsidiary[12] - The cost of goods sold was ¥4,434,566,394.86, reflecting a 69.74% decline year-over-year, also attributed to the asset disposal[12] - The total operating revenue for Q3 2017 reached ¥1,614,965,981.66, an increase of 13.3% compared to ¥1,425,714,838.07 in Q3 2016[26] - The total operating revenue for Q3 2017 was approximately ¥1.615 billion, an increase from ¥1.426 billion in the same period last year, representing a growth of 13.3%[27] - The total operating costs for Q3 2017 were about ¥1.607 billion, compared to ¥1.420 billion in Q3 2016, reflecting an increase of 13.2%[27] - The net profit for Q3 2017 was approximately ¥12.385 billion, a decrease from ¥16.013 billion in Q3 2016, indicating a decline of 22.5%[28] - The profit attributable to the parent company's shareholders for Q3 2017 was around ¥10.748 billion, down from ¥14.662 billion in the same quarter last year, a decrease of 26.3%[28] - The total profit for Q3 2017 reached approximately ¥17.561 billion, slightly down from ¥18.060 billion in Q3 2016, a decrease of 2.8%[28] - The company reported an investment income of approximately ¥5.557 million for Q3 2017, compared to ¥8.107 million in Q3 2016, a decrease of 31.8%[27] - The total comprehensive income for Q3 2017 was approximately ¥12.619 billion, down from ¥16.062 billion in the same quarter last year, a decline of 21.5%[28] Cash Flow - The net cash flow from operating activities improved by 89.80%, reaching -CNY 34,293,986.70 compared to -CNY 336,055,625.65 in the same period last year[7] - Cash inflow from operating activities for the first nine months of 2017 was CNY 5,423,648,161.59, down from CNY 16,740,569,152.49 in the previous year[35] - Total cash outflow from operating activities for the first nine months of 2017 was CNY 5,457,942,148.29, compared to CNY 17,076,624,778.14 in the previous year[35] - Cash inflow from financing activities for the first nine months of 2017 was CNY 588,035,152.77, down from CNY 4,544,453,860.16 in the previous year[36] - Cash outflow from investing activities for the first nine months of 2017 was CNY 4,551,788.08, compared to CNY 24,157,333.19 in the previous year[36] - The ending cash and cash equivalents balance as of Q3 2017 was CNY 334,352,598.50, compared to CNY 308,273,289.76 at the end of Q3 2016[36] - The cash flow from financing activities showed a decrease of 77.21%, with cash paid for debt repayment at ¥641,254,423.99[13] - The cash and cash equivalents at the end of the period decreased to $15,254,047.24 from an initial balance of $21,352,392.11, reflecting a net decrease of $6,098,344.87[39] - Cash received from borrowings amounted to $873,000,000.00, indicating significant financing activity during the quarter[39] - The company received $189,500,000.00 from other financing activities, contributing to the overall cash inflow[39] - Total cash outflow related to financing activities included $217,000,000.00 for other financing activities[39] Assets and Liabilities - Total assets decreased by 11.13% to CNY 1,846,762,265.65 compared to the end of the previous year[7] - The total amount involved in the lawsuits was approximately ¥15.97 million and $263,400[14] - The total current assets decreased from ¥1,347,742,068.95 to ¥1,132,837,052.49, indicating a decline in liquidity[18] - Total liabilities decreased from ¥1,488,843,275.04 at the beginning of the year to ¥1,235,836,164.08 by the end of Q3 2017[20] - Current liabilities totaled ¥1,116,671,324.24, down from ¥1,365,333,081.04 at the beginning of the year, representing a decrease of approximately 18.2%[20] - Non-current liabilities totaled ¥119,164,839.84, a slight decrease from ¥123,510,194.00 at the beginning of the year[20] - The company's total equity increased from ¥589,215,626.19 at the beginning of the year to ¥610,926,101.57 by the end of Q3 2017[20] - Long-term borrowings decreased from ¥1,640,932.76 at the beginning of the year to ¥1,301,687.59 by the end of Q3 2017[24] Shareholder Information - The number of shareholders reached 49,721, with the largest shareholder holding 48.10% of shares[9] - Basic and diluted earnings per share increased by 39.10% to CNY 0.0466[7] - Basic earnings per share for Q3 2017 was CNY 0.0541, an increase from CNY -0.0495 in Q3 2016[32]

2017 年半年度报告 公司代码：600822 公司简称：上海物贸 900927 物贸 B 股 上海物资贸易股份有限公司 2017 年半年度报告 重要提示 □适用 √不适用 九、 重大风险提示 无。 十、 其他 □适用 √不适用 1 / 128 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人秦青林、主管会计工作负责人许伟及会计机构负责人（会计主管人员）黄轶琛 声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 2017年半年度利润不作分配；不作资本公积、盈余公积转增股本。 六、 前瞻性陈述的风险声明 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 | 第一节 | 释义 3 | | --- | --- | | 第二节 | 公司简介和主要财务指标 4 | | 第三节 | 公司业务概要 6 | ...

2017 年第一季度报告 公司代码：600822 公司简称：上海物贸 900927 物贸 B 股 上海物资贸易股份有限公司 2017 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 2017 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 3 / 18 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年 度末增减(%) 总资产 1,982,703,148.67 2,078,058,901.23 -4.59 归属于上市公司股东的 净资产 541,591,096.73 530,083,494.50 2.17 年初至报告期末 上年初至上年报告期末 比上年同期增减 (%) 经营活动产生的现金流 量净额 -352,737,904.87 -214,419,395.20 -64.51 年初至报告期末 上年初至上年报告期末 比上年同期增减 （%） 营业收入 1,625,107,576.40 8,374,102,453.30 -80.59 归属于上市公司 ...

2016 年年度报告 公司代码：600822 公司简称：上海物贸 900927 物贸 B 股 上海物资贸易股份有限公司 2016 年年度报告 重要提示 五、经董事会审议的报告期利润分配预案或公积金转增股本预案 本年度利润不作分配；不作资本公积、盈余公积转增股本。 六、前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、是否存在被控股股东及其关联方非经营性占用资金情况 否 八、是否存在违反规定决策程序对外提供担保的情况？ 否 九、重大风险提示 √适用 □不适用 公司已在本报告中描述了可能存在的相关风险，敬请查阅本报告第四节"经营情况经营与分 析" 中"关于公司未来发展的讨论与分析"部分的内容。 十、其他 □适用 √不适用 1 / 153 一、本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 二、公司全体董事出席董事会会议。 三、立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、公司负责人董 ...

2016 年第三季度报告 公司代码：600822 公司简称：上海物贸 900927 物贸 B 股 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人秦青林、主管会计工作负责人许伟 及会计机构负责人（会计主管人员）黄轶琛保 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 上海物资贸易股份有限公司 2016 年第三季度报告 1 / 22 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 2016 年第三季度报告 一、 重要提示 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | | 本报告期末比上 | | | --- | --- | --- | --- | --- | - ...

2016 年半年度报告 公司代码：600822 公司简称：上海物贸 900927 物贸 B 股 上海物资贸易股份有限公司 重要提示 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 2016年半年度不作利润分配；不作资本公积、盈余公积转增股本。 六、 前瞻性陈述的风险声明 无。 否 1 / 155 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人董事长秦青林、主管会计工作负责人许伟及会计机构负责人（会计主管人员） 黄轶琛声明：保证半年度报告中财务报告的真实、准确、完整。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 是 八、 是否存在违反规定决策程序对外提供担保的情况 | 第一节 | 释义 3 | | --- | --- | | 第二节 | 公司简介 3 | | 第三节 | 会计数据和财务指标摘要 4 | | 第四节 | 董事会报告 6 | | 第五节 | 重要事项 12 | | 第六节 | 股份变 ...

2015 年年度报告 公司代码：600822 公司简称：上海物贸 900927 物贸 B 股 上海物资贸易股份有限公司 2015 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 二、 未出席董事情况 | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | --- | --- | --- | --- | | 独立董事 | 陆晨 | 另有公务 | 刘凤元 | 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 本年度利润不作分配；不作资本公积、盈余公积转增股本。 六、 前瞻性陈述的风险声明 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺， 敬请投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 是 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司主营业务属于大宗商品批发及部分零售贸易业务，该行业受国内与国际经济环境影响比 较直接，风险主要来自： 1、产业调 ...

2016 年第一季度报告 公司代码：600822 公司简称：上海物贸 900927 物贸 B 股 | 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 | 7 | 2016 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员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 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 陆晨 | 独立董事 | 另有公务 | 刘凤元 | 1.3 公司负责人董事长秦青林、主管会计工作负责人财务总监许伟及会计机构负责人（会计主管 人员）财务部经理黄轶琛保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司主要财务数据和股东变化 上海物资贸易股份有限公司 2016 年第一季度报告 1 / 18 2.1 主要财务数据 单位：元 ...