Financial Performance - In 2020, the company achieved a net profit attributable to shareholders of CNY 199,741,032.48, a decrease of 46.05% compared to 2019[24]. - The company's operating revenue for 2020 was CNY 559,553,165.15, reflecting a decline of 46.21% year-on-year[24]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was CNY 174.69 million, a decrease of 51.07% compared to the previous year[28]. - The net cash flow from operating activities was CNY 302.11 million, down 47.04% year-on-year[28]. - The basic earnings per share (EPS) was CNY 0.1518, reflecting a decline of 46.05% from the previous year[28]. - The weighted average return on equity (ROE) was 4.43%, down 5.31 percentage points compared to the previous year[28]. - Total assets at the end of 2020 were CNY 5.17 billion, a decrease of 1.60% from the end of 2019[28]. - The net assets attributable to shareholders were CNY 4.50 billion, a decrease of 0.49% compared to the end of 2019[28]. - The company achieved a total toll revenue of 281 million yuan for the year 2020, successfully completing its annual toll plan despite the impact of the pandemic[50]. - During the pandemic, the company waived tolls for 79 days, which significantly affected its operating income and net profit[49]. Dividend Distribution - The proposed dividend distribution is CNY 0.46 per 10 shares, totaling CNY 60,530,414.27, with CNY 102,593,375.40 retained for future distribution[6]. - The total number of shares for dividend calculation is 1,315,878,571[6]. - The company distributed a cash dividend of 1.60 RMB per 10 shares, totaling 210,540,571.36 RMB for the year 2019[88]. - In 2020, the company reported a cash dividend of 0.46 RMB per 10 shares, amounting to 60,530,414.27 RMB, which represents 30.30% of the net profit attributable to ordinary shareholders[89]. - The net profit attributable to ordinary shareholders for 2019 was 370,243,589.91 RMB, with a dividend payout ratio of 56.86%[89]. - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits[90]. Audit and Compliance - The company’s financial report has been audited by Yongtuo Accounting Firm, which issued a standard unqualified opinion[5]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has not disclosed any significant accounting policy changes or errors that would impact its financial reporting[99]. - The internal control audit report issued by Yongtuo Accounting Firm provided a standard unqualified opinion[185]. - The audit report confirmed that the financial statements fairly reflect the financial position and operating results of Longjiang Transportation as of December 31, 2020[193]. Risk Factors and Future Outlook - The company has detailed risk factors related to future development in the report[8]. - The company faces risks from macroeconomic fluctuations, which directly impact highway toll revenue, especially due to the COVID-19 pandemic[84]. - The company will continue to monitor industry policy changes that could affect toll revenue, particularly in light of the toll exemption policy during the pandemic[84]. - The company is exploring new profit growth points to mitigate risks associated with the expiration of highway operating rights in 2029[84]. - The company aims to achieve an operating income of 569 million yuan and a net profit of 183 million yuan in 2021, with an earnings per share of 0.13 yuan[83]. Corporate Governance - The company’s board of directors expanded from 9 to 11 members, aiming to enhance governance and strategic planning[51]. - The company has not reported any changes in its ordinary share capital structure during the reporting period[125]. - The company has not reported any changes in its actual controller during the reporting period, maintaining consistent leadership[137]. - The company strictly adhered to the regulations of the "Corporate Governance Guidelines" and maintained independence from its controlling shareholder in business, personnel, assets, and finance[175]. - The company engaged with investors through various platforms to enhance understanding and confidence in the company[175]. Social Responsibility - The company implemented the "Fuyuan City Longjiang Transportation Love Education and Medical Assistance Plan," assisting 51 families in need with a total of 350,000 yuan, including 335,000 yuan for medical aid and 15,000 yuan for educational support[118]. - A total of 95 impoverished individuals were lifted out of poverty through the company's initiatives, with 1.5 million yuan allocated for educational assistance to 3 students[119]. - The company mobilized employee donations to support impoverished groups in Fuyuan City, reflecting its commitment to social responsibility[118]. - The company has actively engaged in social responsibility, with its 2020 Social Responsibility Report disclosed on March 27, 2021[123]. Operational Performance - The company’s subsidiary, Longyun Modern, developed the first cloud service platform in the taxi industry, enhancing operational efficiency and service levels[51]. - The net profit of the company’s subsidiary, Longjiang Bank, reached 755.72 million yuan in 2020, contributing positively to the company’s overall financial performance[51]. - The company’s diversified projects have gradually increased their profit contribution, supporting the main business operations[45]. - The company is focusing on integrating new technologies such as big data and AI into its operations to drive innovation and improve competitiveness in the transportation sector[79]. Shareholder Information - The total number of ordinary shareholders increased from 44,422 to 45,326 during the reporting period[128]. - The largest shareholder, Heilongjiang Highway Group, holds 33.48% of the shares, while Heilongjiang Yuanlong Scenic Investment Management Partnership holds 9.96%[128]. - Guangzhou Chensong Investment Partnership increased its holdings by 115 million shares, now holding 8.74% of the shares[128]. - The controlling shareholder, Heilongjiang Provincial Highway Group, has not undergone any changes during the reporting period, ensuring stability in governance[136]. Employee and Management - The total pre-tax remuneration for the board members during the reporting period amounted to 426.80 million CNY[146]. - The chairman, Wang Qingbo, received a pre-tax remuneration of 44.91 million CNY, while the general manager, Gong Hong, also received 44.91 million CNY[143]. - The company employed a total of 608 staff members, including 341 production personnel and 19 technical personnel[167]. - The company has established a layered training system to ensure employee growth and corporate development[170].

证券代码：601188 股票简称：龙江交通 编号：临 2020—035 黑龙江交通发展股份有限公司 关于参加投资者网上集体接待日活动的公告 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个别及连带责任。 为进一步加强与投资者的互动交流，黑龙江交通发展股份有限公司 （以下简称"公司"）将参加由黑龙江省上市公司协会、深圳市全景网络 有限公司共同举办的"黑龙江省上市公司 2020 年度投资者网上集体接待 日"活动，现将有关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网 平台举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net） 参与公司本次投资者集体接待日活动，时间为 2020 年 11 月 12 日 14:00 至 16:30。 届时公司总经理龚宏先生、董事会秘书戴琦女士、财务总监侯彦龙先 生将通过网络在线问答互动的形式，与投资者就公司治理、发展经营情况、 融资情况和可持续发展等投资者关注的问题进行交流。期间，公司高管将 全程在线，实时回答投资者的提问。 欢迎广大投资者积极参与。 特此公 ...

Financial Performance - Net profit attributable to shareholders was CNY 136,504,536.24, down 52.04% year-on-year[10] - Operating revenue for the first nine months was CNY 359,146,749.39, representing a decline of 31.61% compared to the same period last year[10] - Basic earnings per share were CNY 0.104, down 51.85% from CNY 0.216 in the same period last year[10] - The weighted average return on equity was 3.00%, a decrease of 3.53 percentage points compared to the previous year[10] - The company's total revenue for the first three quarters of 2020 was ¥359,146,749.39, a decline of 31.5% compared to ¥525,141,205.68 in the same period of 2019[44] - The net profit for the first three quarters of 2020 was ¥70,847,524.95, down from ¥97,336,906.60 in the same period of 2019, reflecting a decline of about 27.1%[44] - The company's operating revenue for Q3 2020 was CNY 113.96 million, a decrease of 3.1% compared to CNY 117.70 million in Q3 2019[53] - The net profit attributable to shareholders for Q3 2020 was CNY 74.67 million, down 66.9% from CNY 225.97 million in Q3 2019[53] - The total profit for Q3 2020 was CNY 94.71 million, a decline of 61.5% compared to CNY 246.08 million in Q3 2019[53] Cash Flow - Net cash flow from operating activities was CNY 188,817,857.38, a decrease of 61.60% year-on-year[10] - Cash inflows from operating activities totaled CNY 424,174,902.46, a decrease of 48% from CNY 814,955,385.09 in the previous year[59] - The net cash flow from operating activities was CNY 188,817,857.38, down from CNY 491,727,078.07, indicating a decline of approximately 62%[60] - Cash inflows from sales of goods and services dropped by 44.64% to ¥390,620,318.33 from ¥705,636,936.76, reflecting reduced income due to the pandemic[19] - Cash outflows from investing activities amounted to CNY 619,359,614.60, compared to CNY 72,733,557.53 in the previous year, reflecting a substantial increase in investment expenditures[61] - The net cash flow from investing activities was -CNY 374,866,696.79, compared to -CNY 67,423,582.81 in the previous year, indicating a worsening investment position[61] - The company paid CNY 210,540,571.36 in dividends and interest during the period, compared to CNY 90,795,621.40 in the previous year, showing an increase in cash outflows for financing activities[66] - The net cash flow from financing activities was -$210.54 million, compared to -$90.82 million in the previous period, indicating a significant increase in cash outflow[67] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,091,081,113.11, a decrease of 2.29% compared to the end of the previous year[10] - Total liabilities decreased to ¥509,084,731.02 from ¥563,595,158.52, showing a reduction in the company's obligations[32] - Total current assets were ¥1,376,971,039.32, down from ¥1,418,534,172.18, indicating a decrease of about 2.94%[36] - The company's cash and cash equivalents decreased to ¥1,306,135,202.74 from ¥1,386,130,026.30, a reduction of approximately 5.8%[36] - The total liabilities as of September 30, 2020, were ¥179,680,655.07, compared to ¥170,807,246.86 at the end of 2019, indicating an increase of about 5.1%[39] - The company's retained earnings decreased to ¥1,206,972,173.60 from ¥1,261,387,256.87, a decline of approximately 4.3%[41] - The total equity decreased to ¥4,097,313,788.35 from ¥4,151,728,871.62, reflecting a decrease of about 1.3%[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 46,926[13] - The largest shareholder, Heilongjiang Highway Group, holds 33.48% of the shares[13] - The second-largest shareholder, China Merchants Highway Network Technology Holdings, owns 16.52% of the shares[13] Other Financial Metrics - The company reported a total non-operating income of CNY 2,813,190.35 for the reporting period[12] - Accounts receivable increased by 187.50% to ¥9,755,622.67 from ¥3,393,311.38 due to the subsidiary Longyun Modern's taxi daily fee collection[19] - Prepayments rose by 36.49% to ¥12,265,230.07 from ¥8,986,252.23, attributed to increased advance payments for engineering by the parent company[19] - Other receivables surged by 97.36% to ¥30,319,192.50 from ¥15,362,194.43, linked to the subsidiary Longyun Modern's operational rights refunds[19] - Dividend payments increased by 131.88% to ¥210,540,571.36 from ¥90,795,621.40, due to higher dividend distributions for the 2019 fiscal year[19]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥169,892,032.32, a decrease of 48.91% compared to ¥332,517,531.54 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2020 was ¥43,515,501.82, down 76.71% from ¥186,826,726.61 in the previous year[22]. - The net cash flow from operating activities was ¥4,700,771.61, a significant decline of 98.52% compared to ¥317,758,701.02 in the same period last year[22]. - The total assets at the end of the reporting period were ¥4,937,170,511.20, down 5.24% from ¥5,210,410,610.77 at the end of the previous year[22]. - The net assets attributable to shareholders decreased by 3.71% to ¥4,325,111,485.72 from ¥4,491,689,559.08 at the end of the previous year[22]. - Basic earnings per share for the first half of 2020 were ¥0.0331, a decrease of 76.36% compared to ¥0.14 in the same period last year[25]. - The weighted average return on net assets was 1.01%, down 3.32 percentage points from 4.33% in the previous year[25]. - The significant decline in revenue and profit was attributed to the impact of the pandemic on highway tolls and taxi daily fees, resulting in no income[25]. - The company reported non-operating losses totaling ¥6,589,551.99 for the first half of 2020[26]. - Operating revenue dropped by 48.91% to CNY 169,892,032.32, and net profit attributable to shareholders decreased by 76.71% to CNY 43,515,501.82, with earnings per share at CNY 0.0331, down 76.36%[37]. Cash Flow and Investments - The company’s cash flow from operating activities saw a significant decline of 98.52%, amounting to CNY 4,700,771.61, due to the suspension of toll collection during the pandemic[39]. - The company’s investment activities generated a net cash outflow of CNY -370,766,898.95, a significant increase of 691.09% compared to the previous year[42]. - The company reported a significant decrease in cash flow due to increased cash outflows related to investment activities, totaling ¥612,156,031.24[144]. - The total cash inflow from investment activities was ¥240,000,000.00, a significant increase compared to ¥1,435,600.00 in the previous year[144]. - Cash flow from financing activities resulted in a net outflow of CNY 228,540,571.36, indicating a significant cash drain compared to previous periods[139]. Assets and Liabilities - Accounts receivable decreased by 65.29% to ¥590,000, representing 0.01% of total assets, compared to ¥1,700,000 last year[43]. - Prepayments decreased by 58.35% to ¥8,758,046.94, accounting for 0.18% of total assets, down from ¥21,027,633.32 last year[43]. - Inventory decreased by 28.39% to ¥601,064,678.84, which is 12.17% of total assets, compared to ¥839,346,025.38 last year[43]. - The company's total liabilities decreased to approximately $454.27 million from $563.60 million, a decline of about 19.4% year-over-year[109]. - Total current liabilities decreased to approximately $451.64 million from $560.96 million, a decline of about 19.4% year-over-year[109]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,022[87]. - The largest shareholder, Heilongjiang Highway Group Company, holds 440,482,178 shares, accounting for 33.48% of total shares[87]. - Heilongjiang Yuanlong Jingyun Investment Management Partnership holds 246,000,000 shares, representing 18.69% of total shares, with 65,000,000 shares pledged[87]. - The company has not reported any changes in its share capital structure during the reporting period[85]. - The company reported a total of 14,800,000 shares in a repurchase agreement with Guotai Junan Securities, representing 1.12% of the total share capital[91]. Management and Governance - The company has undergone significant changes in its board of directors, with multiple resignations and new appointments, including the election of Shang Yunlong as chairman[97]. - The company appointed Gong Hong as the new general manager and Dai Qi as the board secretary, indicating a shift in management strategy[100]. - The company has not reported any changes in its controlling shareholder or actual controller[94]. - The company has not disclosed any related party transactions among its major shareholders, ensuring transparency in ownership structure[91]. Social Responsibility and Community Engagement - The company has established a "Fuyuan City Longjiang Transportation Love Education and Medical Assistance Plan" to support impoverished students and families affected by illness in Fuyuan City[75]. - Due to the impact of the COVID-19 pandemic, the implementation of the Fuyuan Love Assistance Plan was delayed[76]. - The company plans to continue its assistance work in Fuyuan, ensuring that donations are effectively allocated to those in need[77]. Compliance and Accounting Standards - The company adopted the new revenue recognition standard starting January 1, 2020, which will affect the financial statements[180]. - The company confirmed that the execution of the new accounting standards did not have a significant impact on its financial position and operating results for the year 2019[183]. - The company adheres to the accounting standards, ensuring that its financial statements accurately reflect its financial condition, operating results, changes in shareholders' equity, and cash flows[187].

Financial Performance - In 2019, the company achieved a net profit attributable to shareholders of RMB 364,093,908.19, representing a 20.87% increase compared to RMB 301,237,378.81 in 2018[6]. - The total operating revenue for 2019 was RMB 1,031,043,170.57, which is a 47.51% increase from RMB 698,971,399.86 in 2018[21]. - The net cash flow from operating activities was RMB 570,436,511.38, reflecting a 16.13% increase from RMB 491,209,785.65 in the previous year[21]. - The company's total assets at the end of 2019 were RMB 5,210,410,610.77, a 1.74% increase from RMB 5,121,132,518.11 at the end of 2018[21]. - The net assets attributable to shareholders increased to RMB 4,491,689,559.08, marking a 6.60% rise from RMB 4,213,550,832.55 in 2018[21]. - Basic earnings per share for 2019 were RMB 0.2767, up 20.88% from RMB 0.2289 in 2018[24]. - The company reported a net profit excluding non-recurring gains and losses of RMB 350,907,054.74, which is an 8.96% increase from RMB 322,063,329.30 in 2018[21]. - The company reported a toll revenue of CNY 374 million in 2019, contributing to a stable cash flow[37]. - The company’s financial expenses increased by 101.07% to CNY -33.34 million, indicating a significant rise in costs[49]. - The company’s cash flow from operating activities was CNY 570.44 million, an increase of 16.13% compared to the previous year[49]. Business Operations - The company has diversified its operations, including modern taxi operations and real estate development, which have positively impacted overall performance[37]. - The company is positioned to benefit from the national strategy of building a modern high-quality transportation network, enhancing service levels to create economic value[38]. - The company aims to achieve operating revenue of 581 million yuan and a net profit of 193 million yuan in 2020, with a target earnings per share of 0.13 yuan and a return on equity of 4.08%[81]. - The company plans to strengthen its main business operations and aims to collect 255 million yuan in toll revenue[81]. - The company will explore new industry projects related to smart transportation, artificial intelligence, 5G, cloud computing, and big data to cultivate new profit growth points[81]. - The company will diversify its business around its core highway operations, focusing on logistics, passenger transport, catering, real estate, and tourism[75]. - The company is actively seeking new business models to adapt to the challenges posed by the integration of smart transportation technologies[64]. Shareholder Returns - In 2019, the company distributed cash dividends totaling approximately RMB 210.54 million, which accounted for 57.83% of the net profit attributable to shareholders[89]. - The cash dividend per 10 shares for 2019 was RMB 1.60, compared to RMB 0.69 in 2018 and RMB 0.81 in 2017[89]. - The company has not proposed any cash profit distribution plan for the reporting period despite having positive distributable profits[92]. Compliance and Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity[7]. - The company has committed to reducing related party transactions and avoiding competition with its controlling shareholder, Heilongjiang Highway Group[92]. - The company has maintained compliance with legal and regulatory requirements to ensure independence from its controlling shareholder[92]. - The company has engaged Yongtuo Accounting Firm for auditing services, with a remuneration of RMB 40,000[98]. - The company has not reported any significant issues regarding the use of funds or overdue receivables during the reporting period[97]. - The company has not experienced any non-standard audit opinions from its accounting firm[97]. - The company’s internal control evaluation report for 2019 was disclosed on April 29, 2020, indicating no significant deficiencies in internal control during the reporting period[169]. - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2019, in accordance with accounting standards[171]. Social Responsibility - The company implemented the "Fuyuan City Longjiang Transportation Love Education and Medical Assistance Plan," aiding 84 struggling families with a total of 669,500 RMB in assistance[113]. - Medical assistance of 654,500 RMB was provided to 81 families, while 15,000 RMB was given as educational assistance to 3 families with students entering university[113]. - The company invested a total of RMB 66.95 million in poverty alleviation efforts, helping 175 registered impoverished individuals to escape poverty[114]. - The company allocated RMB 1.5 million to support 3 impoverished students in education-related initiatives[114]. - The investment in healthcare resources in impoverished areas amounted to RMB 65.45 million[114]. Employee and Management - The number of employees in the parent company is 488, while the total number of employees in the parent company and major subsidiaries is 647[155]. - The company has established a tiered training system to ensure employee growth aligns with corporate needs[157]. - The company has implemented a leading compensation strategy for key positions to prevent talent loss while managing labor costs[156]. - The total hours of outsourced labor amounted to 29,200, with total payments for outsourced labor reaching 260,000 yuan[158]. - The total remuneration for the company's directors and senior management during the reporting period amounted to 3.28 million RMB[140]. Market Outlook - User data showed an increase in active users by 25% compared to the previous year, reaching 2 million active users[146]. - The company provided a future outlook, projecting a revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion[146]. - Investment in new technology development increased by 20%, focusing on enhancing operational efficiency and user experience[146]. - The company plans to expand its market presence in three new provinces, aiming for a 30% increase in market share within these regions[146]. - A strategic acquisition of a local competitor is expected to be finalized by Q2 2020, which will enhance the company's service offerings[146]. Financial Position - As of December 31, 2019, total assets amounted to CNY 5,210,410,610.77, an increase from CNY 5,121,132,518.11 in 2018, reflecting a growth of approximately 1.7%[188]. - The company's current assets totaled CNY 2,430,980,853.30, compared to CNY 2,388,574,159.16 in the previous year, indicating an increase of about 1.8%[188]. - Total liabilities decreased to CNY 563,595,158.52 from CNY 820,066,857.81, representing a reduction of approximately 31.4%[191]. - The equity attributable to shareholders rose to CNY 4,491,689,559.08, up from CNY 4,213,550,832.55, marking an increase of around 6.6%[193]. - Cash and cash equivalents increased to CNY 1,632,062,522.95 from CNY 1,308,008,583.38, reflecting a growth of approximately 24.8%[188].

2020 年第一季度报告 公司代码：601188 公司简称：龙江交通 黑龙江交通发展股份有限公司 2020 年第一季度报告 法定代表人：尚云龙 1 / 20 2020 年第一季度报告 重要提示 . 一、 二、 公司基本情况 . 11Í 重要事项 . 四、 附录 . 录 m 2 / 20 2020 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不 存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 未出席董事情况 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 姚长辉 独立董事 个人原因 未委托 1.3 公司负责人尚云龙、主管会计工作负责人侯彦龙及会计机构负责人（会计主管人员）李金华保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |------------------------------------------------|------------------|--- ...

Financial Performance - Net profit attributable to shareholders was ¥284,593,072.00, representing a year-on-year increase of 16.54%[13] - The company's net profit after deducting non-recurring gains and losses was ¥280,736,395.96, reflecting a 5.17% increase year-on-year[13] - Total comprehensive income attributable to the parent company was CNY 97,766,345.39, an increase from CNY 82,460,273.41 in the same period last year, representing a growth of approximately 18.0%[54] - Net profit for Q3 2019 reached ¥106,289,424.48, an increase of 17.0% from ¥90,892,633.26 in Q3 2018[51] - Net profit for the third quarter was CNY 225,967,480.37, a significant increase of 75.0% compared to CNY 129,235,294.54 in the same period last year[62] Revenue and Income - Operating income for the first nine months was ¥525,141,205.68, a decrease of 5.03% compared to the same period last year[13] - Total revenue for Q3 2019 was ¥192,623,674.14, a decrease of 16.1% compared to ¥229,696,151.31 in Q3 2018[47] - The company reported a total revenue of CNY 301,696,618.86 for the first three quarters, slightly up from CNY 299,116,250.10 in the previous year, indicating a growth of 0.9%[59] - Operating revenue for the third quarter was CNY 117,703,060.60, a decrease of 3.8% from CNY 122,417,090.60 in the same period last year[59] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,391,844,641.20, an increase of 5.18% compared to the previous year-end[13] - The total current assets reached CNY 2,583,364,719.45, compared to CNY 2,388,574,159.16 in the previous year, indicating an increase of about 8.2%[29] - The total liabilities increased to CNY 870,749,681.72 from CNY 820,066,857.81, marking a rise of about 6.2%[35] - The company's total liabilities were reported at ¥180,124,255.17, a slight increase of 5.0% from ¥170,489,171.84[42] Cash Flow - Net cash flow from operating activities increased by 31.38% to ¥491,727,078.07 year-to-date[13] - Operating cash flow for the first three quarters of 2019 reached ¥491,727,078.07, an increase of 31.5% compared to ¥374,288,705.64 in the same period of 2018[68] - Total cash inflow from operating activities was ¥814,955,385.09, up from ¥774,089,231.21 year-on-year, reflecting a growth of 5.5%[68] - Cash inflow from operating activities included ¥292,427,387.36 from sales, down from ¥307,859,417.62 in the previous year[74] Shareholder Information - The total number of shareholders at the end of the reporting period was 51,763, with the largest shareholder holding 33.48% of the shares[17] - Basic and diluted earnings per share for the third quarter were CNY 0.08, compared to CNY 0.07 in the previous year, reflecting a year-over-year increase of 14.3%[56] Other Financial Metrics - The weighted average return on equity rose to 6.53%, an increase of 0.62 percentage points from the previous year[15] - The company reported a significant increase in prepayments, which rose by 112.86% to ¥33,478,079.98, indicating potential future growth[21] - The company incurred a financial expense of CNY -7,640,045.76 in the third quarter, compared to CNY -2,097,616.65 in the same period last year, indicating an increase in financial costs[59] - The company reported an asset impairment loss of CNY 143,000,000.00 in the third quarter, compared to CNY 55,360,565.49 in the same period last year, indicating a significant increase in impairment losses[59]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 332,517,531.54, representing a 2.87% increase compared to CNY 323,255,384.45 in the same period last year[23]. - The net profit attributable to shareholders of the listed company reached CNY 186,826,726.61, which is a 15.51% increase from CNY 161,743,465.11 in the previous year[23]. - The net cash flow from operating activities was CNY 317,758,701.02, showing a significant increase of 98.77% compared to CNY 159,859,773.94 in the same period last year[23]. - Basic earnings per share for the first half of 2019 were CNY 0.14, up 16.67% from CNY 0.12 in the same period last year[23]. - The weighted average return on net assets increased to 4.33%, up by 0.38 percentage points from 3.95% in the previous year[23]. - The operating revenue for the period was CNY 332,517,531.54, an increase of 2.87% compared to the previous year[41]. - The net profit attributable to shareholders was CNY 186,826,726.61, reflecting a year-on-year growth of 15.51%[41]. - Earnings per share increased to CNY 0.14, up by 16.67% year-on-year[41]. - Toll revenue reached CNY 183,993,558.26, marking a year-on-year increase of 4.13%[41]. - The company reported a total profit of ¥240,909,551.72 for the first half of 2019, compared to ¥205,046,931.46 in the same period of 2018[113]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 5,365,682,710.78, reflecting a 4.66% increase from CNY 5,126,538,562.15 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were CNY 4,314,914,415.59, which is a 2.27% increase from CNY 4,218,956,876.59 at the end of the previous year[23]. - The total current assets as of June 30, 2019, amounted to ¥2,577,412,240.55, an increase from ¥2,393,674,159.16 as of December 31, 2018, representing a growth of approximately 7.67%[94]. - The total liabilities reached ¥951,771,182.31, up from ¥820,066,857.81, indicating a growth of approximately 16.06%[99]. - The total assets at the end of the reporting period were CNY 4,063,964,163.86, indicating a stable asset base[158]. Cash Flow - The net cash flow from operating activities surged by 98.77% to 317.76 million yuan[46]. - Cash and cash equivalents increased to ¥1,578,899,460.71 from ¥1,308,008,583.38, reflecting a growth of about 20.7%[94]. - The company reported a net cash outflow from investing activities of RMB 46,867,823.69 in the first half of 2019, compared to a net inflow of RMB 130,059,077.34 in the same period of 2018[127]. - The company maintained a stable cash flow management strategy despite a decrease in operating cash inflow[131]. - The company reported a net increase in cash and cash equivalents of CNY 132,628,172.32 for the first half of 2019, compared to CNY 153,226,566.66 in the same period last year[133]. Subsidiaries and Investments - The subsidiary Longyun Modern achieved a net profit of 10.81 million yuan in the first half of the year[42]. - The subsidiary Xintong Real Estate sold 97 residential units and 3 parking spaces, with a total transaction area of 8,953.79 square meters and total sales amounting to 192 million yuan[42]. - The equity-method affiliate Longjiang Bank reported a net profit of 899.65 million yuan, contributing 71.70 million yuan to the company's net profit[42]. - The net profit of the subsidiary Xintong Real Estate was 23.76 million yuan, reflecting its strong performance in the real estate market[53]. Risks and Challenges - The company has outlined potential risks in its report, advising investors to be cautious[10]. - The company faces macroeconomic risks as highway traffic volume is closely linked to economic development, and it will implement effective management measures to mitigate adverse impacts from economic downturns[56]. - Policy risks are present due to adjustments in highway toll policies, which have led to reduced toll revenue, particularly with exemptions for small vehicles during holidays and the "green channel" policy for fresh products[56]. - The company acknowledges the increasing diversion of traffic to other routes and transportation modes, and it will enhance management and service quality to attract more traffic[57]. Corporate Governance - The company has committed to maintaining independence and compliance with regulations following its restructuring, ensuring effective corporate governance[63]. - The company has made commitments to reduce related party transactions and avoid competition with its controlling shareholder, Heilongjiang Highway Group[61]. - The company’s actual controller changed from Heilongjiang Provincial Transportation Department to Heilongjiang Provincial State-owned Assets Supervision and Administration Commission[88]. Social Responsibility - During the reporting period, the company implemented the "Fuyuan City Longjiang Transportation Love Education and Medical Assistance Plan," providing medical assistance to 33 households and 69 individuals, with a total donation of 317,000 yuan[76]. - The company has committed to a total annual donation of 1 million yuan for the assistance plan, of which 317,000 yuan has been distributed so far[78].

证券代码：601188 股票简称：龙江交通 编号：临 2019—010 黑龙江交通发展股份有限公司 关于参加投资者网上集体接待日活动的公告 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个别及连带责任。 为进一步加强与投资者的互动交流，黑龙江交通发展股份有限公司 （以下简称"公司"）将参加由黑龙江省上市公司协会、深圳市全景网络 有限公司共同举办的"2019 年黑龙江省上市公司投资者网上集体接待日" 活动，现将有关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网 平台举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net） 参加公司本次投资者集体接待日活动，时间为 2019 年 6 月 19 日（周三） 14:00 至 16:30。 届时公司总经理鲁贺先生、董事会秘书戴琦女士、财务总监侯彦龙先 生将通过网络在线问答互动的形式，与投资者就公司治理、发展经营情况、 融资情况和可持续发展等投资者关注的问题进行交流。期间，公司高管将 全程在线，实时回答投资者的提问。 欢迎广大投资者积极参与。 特此 ...

Financial Performance - The company reported a total operating revenue of ¥698,971,399.86 in 2018, a decrease of 60.89% compared to ¥1,787,076,585.60 in 2017[24]. - The net profit attributable to shareholders of the listed company was ¥301,905,789.16, down 10.39% from ¥336,908,741.71 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was ¥322,731,739.65, reflecting a slight increase of 2.52% from ¥314,794,677.65 in 2017[24]. - The net cash flow from operating activities was ¥491,209,785.65, a decrease of 27.86% compared to ¥680,900,622.05 in 2017[24]. - Basic earnings per share decreased by 14.43% to CNY 0.2294 in 2018 compared to CNY 0.2681 in 2017[27]. - The net profit attributable to shareholders for Q3 2018 was CNY 82,460,273.41, while Q4 2018 saw a decline to CNY 57,702,050.64[28]. - The company achieved a total toll revenue of CNY 390,250,822.49 in 2018, with a net cash flow from operating activities of CNY 491 million[39]. - The weighted average return on equity decreased by 1.64 percentage points to 7.41% in 2018 from 9.05% in 2017[27]. - Revenue from highway development and management reached CNY 390.25 million, a decrease of 2.86% year-on-year, with a gross margin of 62.97%, down by 1.35 percentage points[58]. - Real estate development revenue was CNY 214.15 million, a significant decrease of 83.3% year-on-year, with a gross margin of 34.74%, up by 19.89 percentage points[61]. Assets and Liabilities - As of the end of 2018, the net assets attributable to shareholders of the listed company were ¥4,218,956,876.59, an increase of 6.11% from ¥3,976,064,452.97 at the end of 2017[24]. - The total assets of the company reached ¥5,126,538,562.15, representing a 5.90% increase from ¥4,840,827,859.51 in 2017[24]. - The net cash flow from investment activities was -CNY 607.67 million, a decrease of CNY 752.64 million year-on-year[66]. - Accounts receivable increased by 92.78% to CNY 6.73 million, while other receivables decreased by 42.44% to CNY 12.82 million[67]. - The total accounts receivable and notes receivable amounted to 3,491,867.69 RMB, reflecting a significant adjustment of 3,291,867.69 RMB[102]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of ¥0.69 per 10 shares, totaling ¥90,795,621.40, based on the total share capital of 1,315,878,571 shares[7]. - The company distributed a cash dividend of 0.81 CNY per 10 shares, totaling 106,586,164.25 CNY for the year 2017[88]. - In 2018, the cash dividend per 10 shares was 0.69 CNY, amounting to 90,795,621.40 CNY, which represents 30.07% of the net profit attributable to ordinary shareholders[89]. - The total number of ordinary shareholders increased from 51,078 to 53,053 during the reporting period[132]. - The company reported a total of 440,482,178 shares held by its largest shareholder, Heilongjiang Provincial Highway Group[134]. Business Operations and Strategy - The company has established multiple diversified business projects, including taxi operations and real estate development, to support its main business[39]. - The company is focusing on diversifying its business around its core highway operations, including logistics, passenger transport, and real estate[78]. - The company plans to enhance its internal management and risk control measures to support its diversified business strategy[79]. - The company is addressing macroeconomic risks, including the impact of U.S.-China trade tensions on its toll revenue[83]. - The company is aware of policy risks related to changes in highway toll management regulations that could affect its revenue[84]. Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[9]. - The company has not violated any decision-making procedures for providing guarantees[9]. - The company’s governance structure has been enhanced to ensure compliance with relevant laws and regulations, improving overall governance levels[49]. - The company has committed to minimizing related party transactions and ensuring compliance with relevant laws and regulations during its operational period[92]. - The company has not experienced any significant issues regarding the use of funds or overdue receivables during the reporting period[99]. Employee and Management Information - The total number of employees in the parent company is 540, while the total number of employees in major subsidiaries is 195, resulting in a combined total of 735 employees[164]. - The total remuneration for the board members and senior management during the reporting period amounted to 3.2756 million CNY[147]. - The company has established a tiered training system combining internal and external training methods to ensure employee growth and corporate development[166]. - The company employs a leading salary strategy for key positions and scarce personnel, while adopting a market-following strategy for positions with abundant supply[165]. - The total number of shares held by all listed executives remained at zero at the beginning and end of the reporting period[147]. Social Responsibility - The company issued a total of 93.9 million yuan in aid to support impoverished individuals in the Fuyuan area during 2018[122]. - A total of 61 individuals suffering from severe illnesses received assistance as part of the company's poverty alleviation efforts[123]. - The company provided financial support to 6 impoverished students through the "Fuyuan City Longjiang Transportation Love Education and Medical Assistance Plan" in 2018[122]. - The company has committed to continue the poverty alleviation plan in 2019, focusing on household visits and verification of aid recipients[126].