2020 年第一季度报告 公司代码：603032 公司简称：德新交运 德力西新疆交通运输集团股份有限公司 2020 年第一季度报告 二〇二零年四月 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 7 | 2020 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 817,415,505.97 | 827,105,947.81 | | -1.17 | | 归属于上市公司 | 681,126,118.27 | 681,615,293.31 | | -0.07 | | 股东的净资产 | | | | | | | 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 | -8,085,922.25 | 62,303,581.53 | | -112.98 | | 现金流量净额 | | | | | | | ...

Financial Performance - The company's operating revenue for 2019 was ¥99,011,136.69, a decrease of 41.88% compared to ¥170,366,566.74 in 2018[21]. - The net profit attributable to shareholders for 2019 was ¥7,145,045.51, down 97.24% from ¥259,019,765.65 in the previous year[21]. - Basic earnings per share decreased by 97.53% to CNY 0.04 from CNY 1.62 in the previous year[22]. - The weighted average return on equity dropped by 45.43 percentage points to 0.54% from 45.97% in the previous year[22]. - The net profit attributable to shareholders for Q4 2019 was a loss of CNY 1,423,303.37, contributing to an annual net loss of CNY 14,367,631.56[23]. - The company reported a net profit of 7.145 million yuan, exceeding the planned target by 29.50%[44]. - The company reported a net profit of CNY 7,824,731.09, a significant increase compared to CNY 261,259,111.54 in 2018[181]. - The total profit for 2019 was CNY 9,306,253.70, reflecting a decrease from CNY 308,827,573.12 in the previous year[181]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥48,300,451.50, compared to a negative cash flow of ¥11,840,581.26 in 2018, representing a 507.92% increase[21]. - The company's cash and cash equivalents decreased by 42.50% compared to the previous year, primarily due to increased investments in financial products[60]. - The company's cash and cash equivalents decreased to CNY 57,029,944.80 at the end of 2019, down from CNY 99,335,992.10 at the end of 2018[183]. - The total assets of the company as of the end of 2019 were ¥827,105,947.81, an increase of 3.43% from ¥799,665,988.67 at the end of 2018[21]. - The total current assets as of December 31, 2019, amounted to CNY 417.37 million, an increase from CNY 386.75 million in 2018, representing a growth of approximately 7.5%[169]. - The company's long-term equity investments increased to CNY 3.12 million in 2019 from CNY 3.04 million in 2018, a growth of about 2.7%[169]. Profit Distribution and Retained Earnings - The company decided not to distribute profits for the 2019 fiscal year, retaining earnings to support its transformation and development needs[5]. - The cumulative distributable profits available for shareholders as of December 31, 2019, amounted to ¥350,402,654.03[5]. - The company reported an increase in retained earnings, with undistributed profits at ¥351,633,517.24 in 2019 compared to ¥354,077,093.94 in 2018, a slight decrease of about 1.3%[174]. - The company distributed dividends totaling 9,600,480.00 RMB in 2019, which is the same amount as the cash outflow from financing activities, indicating a full payout of financing cash flow[192]. Strategic Focus and Development - The company is currently in a transformation phase, indicating a focus on long-term strategic development rather than immediate profit distribution[5]. - The company aims to leverage the 2019-2021 policy subsidy period to enhance its transformation strategy[43]. - The company’s strategic focus includes enhancing core business and expanding into tourism-related services[32]. - The company is actively pursuing the development of ecological tourism and cross-border transportation to expand its market presence[36]. - The company plans to accelerate the transformation of its transportation capacity, focusing on social charter, commuting, and customized passenger services[70]. Risk Management and Compliance - The report includes a risk statement regarding potential future plans and development strategies, cautioning investors about investment risks[6]. - The company is focused on strengthening its internal control systems and risk management capabilities to ensure compliance and operational efficiency[77]. - The company has established a comprehensive internal control system for safety production, including management and emergency response protocols[79]. - The company has committed to providing accurate and complete information during the transaction process, ensuring no false statements or omissions were made[87]. Corporate Social Responsibility - The company has committed to social responsibility initiatives, including a donation of 5,000 RMB to support poverty alleviation efforts in the Xinjiang region[114]. - The company has established a special poverty alleviation fund to assist local schools and impoverished individuals[113]. - The company has actively participated in educational support by donating funds and materials to schools in impoverished areas[113]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,433, an increase from 23,389 at the end of the previous month[123]. - The largest shareholder, Delixi Xinjiang Investment Group Co., Ltd., holds 81,600,000 shares, representing 51% of the total shares[125]. - The company has a 36-month lock-up period for 81,600,000 shares held by Delixi Xinjiang Investment Group Co., Ltd., which can be traded starting January 5, 2020[127]. Governance and Management - The company has appointed new directors and supervisors, including the appointment of a new financial director and board secretary[143]. - The board of directors includes independent members with an average tenure of 1.67 years, ensuring governance and oversight[138]. - The company has established a scientific and efficient salary assessment system that links employee income with responsibilities, risks, and company performance[147].

2019 年第三季度报告 公司代码：603032 公司简称：德新交运 德力西新疆交通运输集团股份有限公司 2019 年第三季度报告 二零一九年十月 1 / 20 | 目录 | | --- | | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 7 | 2019 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。 二、 公司基本情况 2.1 主要财务数据 3 / 20 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 829,938,023.52 799,665,988.67 3.79 归属于上市公司股东的净资产 683,341,490.66 684,741,539.62 -0.20 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 (%) 经营活动产生的现金流 ...

Financial Performance - The company's operating revenue for the first half of 2019 was ¥47,696,569.14, a decrease of 26.94% compared to the same period last year[22]. - The net profit attributable to shareholders increased by 111.20% to ¥4,755,280.84, primarily due to the recognition of deferred income from relocation compensation of ¥8.69 million[24]. - The basic earnings per share rose by 200.00% to ¥0.03, while diluted earnings per share also increased by 200.00% to ¥0.03[24]. - The net cash flow from operating activities surged by 2,308.71% to ¥57,120,515.66, mainly due to government relocation compensation income of ¥66.11 million received during the period[24]. - The total assets at the end of the reporting period were ¥841,983,132.31, reflecting a 5.29% increase from the end of the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 143.96% compared to the same period last year[24]. - The company achieved a transportation turnover of 17.36 million ton-kilometers, a decrease of 27.24% year-on-year, and a passenger volume of 459,600, down 22.02% year-on-year[38]. - The company's operating revenue was CNY 47.70 million, a decline of 26.94% compared to the same period last year, while net profit attributable to shareholders increased by 111.20% to CNY 4.76 million[38]. Assets and Liabilities - The total assets as of June 30, 2019, amounted to RMB 841,983,132.31, an increase from RMB 799,665,988.67 at the end of 2018[88]. - Current assets totaled RMB 432,244,178.09, up from RMB 386,750,396.52 at the end of 2018, indicating a growth of approximately 11.8%[88]. - The company's cash and cash equivalents decreased to RMB 95,500,154.55 from RMB 99,535,992.10, reflecting a decline of about 4.1%[88]. - Total liabilities increased to RMB 161,857,660.29 from RMB 114,097,893.59, marking a significant rise of about 42%[90]. - The company's equity attributable to shareholders decreased to RMB 679,599,939.03 from RMB 684,741,539.62, a decline of approximately 0.6%[90]. - The company reported a significant reduction in accounts payable, which decreased to RMB 7,342,682.70 from RMB 18,529,835.09, a drop of about 60.4%[89]. Operational Challenges - The company faced a decline in passenger flow and small parcel express revenue due to competition in civil aviation, the opening of the Tacheng Railway, and other regional stability measures[24]. - The transportation industry in Xinjiang is facing challenges due to increased competition from rail and air transport, leading to a decline in the performance and profit margins of traditional road transport companies[31]. - The company anticipates potential performance decline risks due to industry competition and the relocation of its operations as per local government planning[51]. Strategic Initiatives - The company aims to adapt to market demands by integrating "Internet + Smart Transportation" concepts into its operations[34]. - The company is focusing on enhancing its core business while exploring new strategic opportunities in tourism and transportation[34]. - The company has identified and is assessing multiple merger and acquisition projects to support sustainable development in the tourism and transportation sectors[34]. - The company is actively expanding into logistics and tourism transportation to mitigate the adverse effects of competition from railway services[50]. Social Responsibility - The company has established a special poverty alleviation fund amounting to CNY 18,300,000 to support local education and assist impoverished individuals[70]. - The total amount spent on poverty alleviation activities during the reporting period reached CNY 26,461,000, which includes CNY 8,161,000 in material donations[70]. - The company provided financial assistance to 3 employees in need, totaling CNY 3,000, and offered additional support to 17 individuals, amounting to CNY 8,500[71]. - The company plans to continue its poverty alleviation efforts in 2019, focusing on educational support and disaster relief in remote areas of Xinjiang[72]. Governance and Compliance - The company has a well-structured governance system that ensures clear responsibilities and efficient operations among its management team[35]. - The company has committed to providing accurate and complete information regarding transactions, with legal responsibility for any misrepresentation[56]. - The company will minimize related party transactions and ensure fair pricing in accordance with legal regulations[57]. - The company has committed to linking executive compensation to performance measures[59]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[140]. - The company has undergone significant structural changes, including a change in legal representative and business address, to enhance operational efficiency[133]. - The company recognizes expected liabilities when obligations related to lawsuits, debt guarantees, or restructuring meet specific criteria[190]. - The corporate income tax rate applicable to the company is 15% and 10% for different subsidiaries[197].

证券代码：603032 证券简称：德新交运 公告编号：2019-059 德力西新疆交通运输集团股份有限公司 关于参加 2019 年新疆辖区上市公司 投资者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。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 计划、股权激励、可持续发展等投资者所关心的问题，公司定于2019年7月26日 下午15:00-17:30参加由新疆上市公司协会联合深圳市全景网络有限公司组织开 展的2019年新疆辖区上市公司投资者集体接待日活动。现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络 远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 全 景 · 路 演 天 下 " 网 站 （http://rs.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012）， 参与公司本次投资者集体接待日活动，活动时间为2019年7月26日（星期五）15:00 至17:30。 出席本次集体接待日的人员有：董事 ...

2019 年第一季度报告 公司代码：603032 公司简称：德新交运 德力西新疆交通运输集团股份有限公司 2019 年第一季度报告 二零一九年四月 1 / 17 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 6 | 2019 年第一季度报告 一、 重要提示 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 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 计入当期损益的政府补助，但与公司正常经营业务密切相 | 4,354,858.34 | | | 关，符合国家政策规定、按照一定标准定额或定量持续享受 | | | | 的政府补助除外 | | | | 委托他人投资或管理资产的损益 | 3,180,189.38 | | | 除上述各项之外的其他营业外收入和支出 | 202,833.04 | | | 少数股东权益影响额（税后） | -519.44 | | | 所得税影响额 | -1,160, ...

Financial Performance - In 2018, the company's operating revenue was CNY 170,366,566.74, a decrease of 13.67% compared to CNY 197,336,304.41 in 2017[19] - The net profit attributable to shareholders in 2018 was CNY 259,019,765.65, representing an increase of 855.75% from CNY 27,101,329.13 in 2017[19] - The net cash flow from operating activities in 2018 was CNY -11,840,581.26, a decline of 164.10% compared to CNY 18,472,728.50 in 2017[19] - Basic earnings per share increased to CNY 1.62, a 710% increase compared to CNY 0.20 in the previous year[20] - Weighted average return on equity rose to 45.97%, an increase of 32.68 percentage points from 13.29% in 2017[20] - Total operating revenue for the year reached CNY 170,366,566.74, with a significant increase in passenger volume to 1.1426 million, representing a total passenger turnover of 423.0683 million kilometers[29] - Non-recurring gains and losses amounted to CNY 285,338,544.74, a substantial increase from CNY 9,685,737.56 in 2017[23] - The company reported an operating income of 170.37 million yuan, a decline of 13.67% year-on-year[42] - Net profit attributable to shareholders was 259.02 million yuan, an increase of 855.75% year-on-year[40] Assets and Liabilities - As of the end of 2018, the net assets attributable to shareholders were CNY 684,741,539.62, an increase of 57.74% from CNY 434,082,953.20 at the end of 2017[19] - Total assets at the end of 2018 reached CNY 799,665,988.67, up 62.75% from CNY 491,336,207.19 at the end of 2017[19] - The company's total assets at the end of the reporting period amounted to 799,999,999.99 RMB, with cash and cash equivalents accounting for 12.45% of total assets, up from 16.89% in the previous year[52] - The company's accounts payable increased by 54.42% year-on-year, primarily due to tax fees and transfer payments related to the asset restructuring agreement[53] - Total liabilities amounted to 114,097,893.59, compared to 56,013,867.54 previously[165] Cash Flow - The company reported a net cash flow from operating activities of CNY 11,139,409.82 for the year, indicating improved cash generation capabilities[22] - The company's operating cash flow net amount decreased by 30.31 million RMB compared to the same period last year, primarily due to a decline in revenue and profitability, with the decrease being greater than the reduction in costs[49] - The company reported a net increase in cash and cash equivalents of CNY 19,429,579.24, contrasting with a decrease of CNY -304,102,307.12 in the previous year[181] - Cash and cash equivalents at the end of the period reached CNY 99,335,992.10, up from CNY 83,000,902.32, indicating an increase of approximately 19.6%[178] Dividend Policy - The company plans to distribute a cash dividend of CNY 0.60 per 10 shares, totaling CNY 9,600,480[4] - The cash dividend policy includes a minimum cash dividend ratio, with a total cash dividend of RMB 1,333.40 million for 2016 and RMB 813.374 million for 2017, reflecting a commitment to shareholder returns[73] - The company has established a clear decision-making mechanism for profit distribution, enhancing transparency and sustainability in its dividend policy[73] Strategic Focus and Growth Opportunities - The company plans to focus on mid-short distance transportation to adapt to the competitive landscape of the transportation industry in Xinjiang[27] - The company has identified opportunities for growth in the rapidly developing tourism sector in Xinjiang, aiming to integrate transportation and tourism services[29] - The company aims to enhance its core competitiveness by focusing on the integration of transportation and tourism, and expanding its service offerings in customized passenger transport[62] - The company is actively pursuing mergers and acquisitions in the passenger transport, tourism, and logistics sectors to enhance sustainable development capabilities[66] Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies[5] - The company faces competition risks from railway passenger transport in Xinjiang, which may impact its road transport business due to new train services and increased passenger flow[68] - Safety accident risks remain inherent in the road transport industry, with potential financial impacts from traffic accidents and safety hazards at passenger stations[68] - The company anticipates performance decline risks due to industry competition and the relocation of operations as per government planning, which may require a market cultivation period[70] Corporate Governance - The report includes a standard unqualified audit opinion from the accounting firm, indicating the financial statements are accurate and complete[6] - The company has established a complete safety production responsibility system, achieving a zero accident rate[35] - The company is implementing a comprehensive internal control system to enhance risk management and ensure compliance with regulations[67] - The company has committed to providing accurate and complete information regarding the transaction, assuming legal responsibility for any misrepresentation or omissions[78] Social Responsibility - The company aims to enhance its social responsibility initiatives, aligning with the government's poverty alleviation strategies[105] - The company provided assistance to 52 individuals, distributing a total of RMB 32,300 in relief funds and RMB 481.60 in material support[102] - The company has committed to supporting education in remote poverty-stricken areas through donations of books and funds[102] Employee and Management Information - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 2.085 million yuan[137] - The number of employees in the parent company is 807, while the total number of employees in the parent company and major subsidiaries is 913[140] - The company has established a scientific and efficient remuneration assessment system to link employee income with responsibilities, risks, and company performance[141] Audit and Compliance - The independent auditor confirmed that the financial statements fairly present the company's financial position as of December 31, 2018, in accordance with accounting standards[153] - The audit report confirmed that there were no significant misstatements in the financial statements, ensuring compliance with auditing standards[159] - The company did not report any significant deficiencies in internal controls during the reporting period[150]

2018 年第三季度报告 公司代码：603032 公司简称：德新交运 德力西新疆交通运输集团股份有限公司 2018 年第三季度报告 二零一八年十月 1 / 19 | 目录 | | --- | | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 7 | 2018 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 3 / 19 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 493,443,667.04 491,336,207.19 0.43 归属于上市公司股东的净资产 431,285,311.87 434,082,953.20 -0.64 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 (%) 经营活动产生的现金流量净额 5,140,956.37 18,315,927.49 -71.93 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 （%） 营业收入 102,146,760.6 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥65,280,759.35, a decrease of 33.14% compared to ¥97,638,793.93 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2018 was ¥2,251,592.11, down 81.91% from ¥12,446,254.60 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥3,611,712.32, a decrease of 133.76% compared to ¥10,697,433.47 in the same period last year[20]. - The basic earnings per share for the first half of 2018 was ¥0.01, down 88.89% from ¥0.09 in the previous year[21]. - The diluted earnings per share for the first half of 2018 was also ¥0.01, reflecting an 88.89% decrease compared to the same period last year[22]. - The net cash flow from operating activities was ¥2,371,419.59, a decline of 78.42% from ¥10,991,198.14 in the previous year[20]. - The total assets at the end of the reporting period were ¥485,988,050.65, a decrease of 1.09% from ¥491,336,207.19 at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were ¥427,958,541.71, down 1.41% from ¥434,082,953.2 at the end of the previous year[20]. - The weighted average return on net assets for the first half of 2018 was 0.52%, a decrease of 2.4 percentage points compared to 2.92% in the previous year[22]. Operational Challenges - The company faced significant declines in traditional passenger transport revenue and income from warehousing and leasing, attributed to competition from civil aviation and high-speed rail, as well as regional stability issues[22]. - The company completed a passenger volume of 589,400 people and a passenger turnover of 220.46 million person-kilometers, representing a year-on-year decrease of 31.14% and 41.07% respectively[30]. - The company operates 92 domestic passenger lines and 8 international passenger lines, with a total of 512 operational vehicles, including 446 passenger vehicles[27]. - The company is facing challenges from increased competition in the transportation sector, particularly from rail and air transport[28]. - The company’s subsidiaries, including Xinde International and Ude Express, reported operating losses due to a decline in the passenger transport industry[46]. Strategic Initiatives - The company is focusing on expanding its business in tourism and logistics, leveraging the rapid growth of the tourism industry in Xinjiang[29]. - The company has identified opportunities for growth through the development of a tourism distribution platform and the integration of transportation and tourism services[29]. - The company is adapting to market changes by focusing on short-distance transportation and enhancing service offerings[29]. - The company is actively seeking new development vitality in existing businesses, focusing on short-distance and tourism passenger sources to achieve business transformation[38]. - The company is implementing a strategy of "transportation and tourism integration" to expand its market presence and enhance service offerings[38]. - The company plans to relocate its main operations to the new high-speed railway station, which is expected to enhance asset quality and attract more passenger flow[37]. - The company is developing an "Internet + smart transportation" model to enhance service offerings and meet diverse travel needs[38]. Financial Position and Assets - The company's cash and cash equivalents decreased by 22.74% to ¥64,122,730.34, accounting for 13.19% of total assets[42]. - Accounts receivable increased by 18.90% to ¥7,623,792.00, representing 1.57% of total assets[42]. - The company reported a 100% increase in long-term equity investments, totaling ¥3,000,000.00, due to the acquisition of a 5% stake in Zhongdao Tourism Development Co., Ltd.[44]. - Prepayments increased significantly by 197.13% to ¥897,372.31, primarily due to advance payments for vehicle management and rental fees[42]. - The company’s total external equity investment for the first half of the year was ¥8,000,000, including a ¥3,000,000 initial payment for the investment in Zhongdao Tourism[44]. Shareholder and Equity Information - The total number of ordinary shareholders reached 11,172 by the end of the reporting period[78]. - The company increased its total share capital from 133.34 million shares to 160.01 million shares after a cash dividend distribution and a stock bonus[76]. - The company distributed a cash dividend of RMB 0.61 per share, totaling RMB 8.13 million, and issued 2 additional shares for every 10 shares held[76]. - The number of shares held by the top ten shareholders was 81.6 million, representing a significant portion of the company's equity[80]. - The major shareholder, Delixi Xinjiang Investment Group, holds 51.00% of the shares, with 81,600,000 shares not in circulation[81]. Corporate Governance and Compliance - The actual controller and major shareholders have committed to not transferring or entrusting their shares for 36 months post-listing, ensuring stability in shareholding[56]. - The company has implemented measures to prevent any form of competition with its subsidiaries, ensuring alignment of interests among stakeholders[56]. - There were no significant lawsuits or arbitration matters reported during the period[61]. - The company has not reported any major related party transactions during the period[61]. - The company has not made any changes to its accounting firm during the audit period[60]. Social Responsibility and Community Engagement - The company has established a special poverty alleviation fund to support local education and participate in disaster relief efforts[65]. - The company engaged in social responsibility activities, including donations for education and disaster relief, totaling RMB 14.14 million during the reporting period[68]. - Of the total contributions, RMB 3.83 million was in cash and RMB 10.31 million was in material donations[68]. - The company distributed 497 New Year gifts worth RMB 87,317 to employees and provided various forms of financial assistance totaling RMB 35,800 to retired workers and local labor models[69]. - The company actively supports employment for local youth and contributes to the development of education in impoverished regions[71]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the going concern principle, adhering to the relevant accounting standards and regulations[125]. - The company has a consolidated financial statement scope that includes subsidiaries such as Xinjiang New De International Transportation Co., Ltd. and Urumqi Delixi Express Co., Ltd.[123]. - The company follows specific accounting policies for financial instruments, including classification and measurement methods[137]. - The company recognizes revenue from passenger transport services based on the settlement methods and confirmation principles established for various operational models, including public transport and cooperative operations[181]. - The company applies a systematic approach to measure and recognize deferred tax assets and liabilities based on temporary differences and future taxable income expectations[185].

Financial Performance - The company's operating revenue for 2017 was CNY 197,336,304.41, a decrease of 22.93% compared to CNY 256,045,518.08 in 2016[21]. - The net profit attributable to shareholders for 2017 was CNY 27,101,329.13, down 46.61% from CNY 50,760,253.67 in the previous year[21]. - The net cash flow from operating activities was CNY 18,472,728.50, a decline of 76.68% compared to CNY 79,214,879.66 in 2016[22]. - The basic earnings per share for 2017 was CNY 0.20, a decrease of 60.78% from CNY 0.51 in 2016[23]. - The weighted average return on equity for 2017 was 13.29%, down 8.24 percentage points from 21.53% in 2016[23]. - The company achieved a transportation turnover of 8,100.05 million ton-kilometers, a year-on-year decrease of 28.15%[46]. - The company reported an operating revenue of 197.34 million yuan, a decline of 22.93% year-on-year[48]. - Net profit attributable to shareholders was 27.10 million yuan, a decrease of 46.61% from the previous year[46]. - The company reported a significant decrease in sales revenue from CNY 261,460,094.75 to CNY 198,020,233.20, a decline of 24.2%[179]. - The company reported a total comprehensive income of ¥27,101,329.1 for the year, reflecting a decrease in profitability[185]. Assets and Liabilities - The total assets at the end of 2017 were CNY 491,336,207.19, a slight decrease of 0.76% from CNY 495,100,931.62 at the end of 2016[22]. - The company's total assets saw a significant decline in cash and cash equivalents, which dropped by 78.58% to 83,000,902.32, compared to 387,471,678.28 in the previous year[59]. - Total liabilities decreased from CNY 72,128,029.75 to CNY 56,013,867.54, a reduction of approximately 22.3%[168]. - Current liabilities decreased from CNY 46,733,493.89 to CNY 33,751,537.80, a decline of about 27.8%[168]. - Total equity increased from CNY 422,972,901.87 to CNY 435,322,339.65, an increase of about 2.5%[169]. Operational Challenges and Strategies - The company’s operational challenges include increased competition from rail and air transport, impacting its market share in the passenger transport sector[32]. - The company has established a dual-driven strategic development approach focusing on "main innovation + business transformation" to adapt to market demands[38]. - The company is actively pursuing mergers and acquisitions in the tourism and transportation sectors to ensure sustainable development[38]. - The company plans to accelerate the transformation of its business model by integrating "internet + smart transportation" services[45]. - The company aims to consolidate its passenger transport business through mergers and acquisitions to enhance market competitiveness and resource utilization[78]. Social Responsibility - The company has actively engaged in social responsibility initiatives, particularly in poverty alleviation, aligning with national strategies[102]. - In 2017, the company focused on "precise poverty alleviation" as part of its corporate social responsibility, contributing to various charitable activities[103]. - The company provided a total of 1.64 million RMB in relief funds to 8 disadvantaged employees and 7 labor models before the Spring Festival[104]. - The company has committed to continue its poverty alleviation efforts by donating to schools and students in impoverished areas[107]. - The company reported a total of 28.086 million RMB in overall funding for poverty alleviation efforts in the updated 2017 annual report[106]. Shareholder Information - The largest shareholder, Delixi Xinjiang Investment Group Co., Ltd., holds 68,000,000 shares, representing 51.00% of the total shares[118]. - The second largest shareholder, Xinjiang Uygur Autonomous Region State-owned Assets Investment and Operation Co., Ltd., holds 26,666,000 shares, accounting for 20.00%[118]. - The actual controller and shareholders of the company committed not to transfer or entrust the management of their shares in the company for 36 months from the date of listing[91]. - The company has a profit distribution policy that prioritizes cash dividends to shareholders when conditions permit[94]. - The company will link the compensation system of its directors and senior management to the performance of the company[92]. Governance and Management - The company has established various governance rules to enhance corporate governance standards[145]. - The company has implemented changes in accounting policies due to the Ministry of Finance's new guidelines, which will not affect profit or total assets[96]. - The internal control audit report indicates that the company maintained effective financial reporting internal controls as of December 31, 2017[152]. - The audit opinion confirms that the financial statements fairly present the company's financial position and results of operations for the year ended December 31, 2017[156]. - The company has established a performance evaluation mechanism for senior management, linking their compensation to operational responsibilities and performance[150]. Future Outlook - For 2018, the company plans to achieve an operating revenue of 180.43 million RMB and a net profit of 27.80 million RMB[72]. - The company is expanding its market presence, targeting new regions with a planned investment of 300 million yuan over the next two years[136]. - The management team emphasized a commitment to sustainability, with plans to reduce operational costs by 5% through eco-friendly initiatives[136]. - Overall, the company remains optimistic about future performance, driven by strong user engagement and strategic initiatives[135].