Financial Performance - The company's operating revenue for 2016 was RMB 400,216,340.67, representing a 5.41% increase compared to RMB 379,693,835.51 in 2015[16] - The net profit attributable to shareholders for 2016 was RMB 80,225,910.19, which is a 9.01% increase from RMB 73,594,130.33 in 2015[16] - The basic earnings per share for 2016 remained at RMB 0.19, unchanged from 2015[18] - The weighted average return on net assets decreased to 4.83% from 6.26% in 2015, a decline of 1.43 percentage points[18] - The gross profit margin for the main business was 61.87%, although it decreased by 5.61 percentage points year-on-year[54] - The financial expenses decreased by 31.87%, reflecting improved cost management[54] - The company reported a net profit of ¥111,229,387.64, down from ¥121,812,364.93, a decrease of approximately 8.2%[195] - The total operating revenue for the current period reached ¥400,216,340.67, an increase of 5.4% compared to ¥379,693,835.51 in the previous period[196] - Net profit for the current period was ¥80,225,910.19, a rise of 9.0% compared to ¥73,594,130.33 in the previous period[196] Cash Flow - The net cash flow from operating activities was negative RMB 206,637,954.28, a significant decrease from positive RMB 9,232,996.84 in 2015[16] - The company experienced a significant cash flow deficit from operating activities, with a net cash flow of -¥22,598,328.97 in Q1 and -¥324,693,189.56 in Q4[22] - The net cash flow from operating activities was -206.64 million yuan, a significant decrease of 2,338.04% compared to the previous year[61] - The net cash flow from investing activities was -428.88 million yuan, an increase of 264.16% from the previous year[61] - The net cash flow from financing activities increased by 601.78% to 713.68 million yuan due to a non-public offering of shares[61] Assets and Liabilities - The total assets at the end of 2016 were RMB 4,265,860,878.55, a 23.63% increase from RMB 3,450,448,772.26 in 2015[17] - The net assets attributable to shareholders increased by 63.35% to RMB 2,221,183,840.89 from RMB 1,359,733,981.35 in 2015[17] - Total assets increased from RMB 3,450,448,772.26 at the beginning of the reporting period to RMB 4,265,860,878.55 at the end, while total liabilities decreased from RMB 2,090,714,790.91 to RMB 2,044,677,037.66, resulting in a reduction of the debt-to-asset ratio from 60.60% to 47.93%[144] - The total liabilities decreased to ¥1,371,569,342.35 from ¥1,497,476,265.62, a reduction of about 8.4%[195] Logistics and Operations - The company is focused on expanding its logistics services, including port loading and unloading, basic logistics services, and import agency services, to enhance its integrated service capabilities[26] - The company aims to provide enhanced value-added services by effectively controlling logistics facilities and integrating initial processing and logistics distribution[28] - The logistics distribution business saw a volume increase of 15.98%, completing 1.72 million tons of logistics distribution[48] - The company maintained a leading position in the import agency business, focusing on risk control and expanding operations[47] - The company’s port, located in Taizhou, imported 313.81 million cubic meters of wood, accounting for 100% of the total imports at Taizhou Port[37] Market and Industry Trends - The logistics industry in China generated approximately 7.9 trillion yuan in total revenue in 2016, with a total freight volume of 4.3335 billion tons[35] - The total logistics costs in 2016 amounted to 11.1 trillion yuan, with a GDP ratio of about 14.9%, a decrease of 1.1 percentage points from 2015[35] - The company handled 450.1 million cubic meters of imported wood in 2016, maintaining a leading position in the national market[37] - The company’s wood import agency business has consistently ranked first in value in the national market, enhancing its credibility and customer base[42] Strategic Initiatives - The company plans to strengthen its logistics service capabilities at major timber import ports and distribution centers by building new logistics sites through leasing arrangements[28] - The company aims to optimize and upgrade the wood industry supply chain management, leveraging existing integrated service capabilities to provide specialized services for optimizing forestry resource allocation in the international market[84] - The company is actively developing a logistics service platform and has made progress in building a wood supply chain management integrated service platform[50] - The company plans to acquire controlling stakes in four forestry companies in Gabon, enhancing its presence in the wood import supply chain and achieving synergies with existing services[90] Risks and Challenges - The company faces industry competition risks due to low market concentration in the import agency business, leading to increased competition from both traditional and emerging logistics service providers[93] - The company is exposed to exchange rate risks as it engages in significant foreign currency trade, necessitating the maintenance of foreign exchange positions[94] - The company’s rapid growth has led to management risks, as the expansion of business and workforce increases the complexity of internal controls[98] - The logistics industry in China is characterized by low entry barriers and a lack of organized structure, which poses potential volatility risks for the company[92] Shareholder and Governance - The company plans to distribute a cash dividend of RMB 1.0 per 10 shares, totaling RMB 46,232,093.20, which represents 57.63% of the net profit attributable to shareholders for 2016[102] - The company has established a cash dividend policy in accordance with regulatory guidelines, with no adjustments made during the reporting period[101] - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of stock listing[106] - The company will bear compensation responsibilities if any losses are caused to investors due to the violation of commitments[106] Employee and Management - The total remuneration paid to all directors, supervisors, and senior management during the reporting period amounted to 6.3313 million yuan[167] - The company employed a total of 534 staff, with 64 in the parent company and 470 in major subsidiaries[168] - The company has established a salary system that includes annual salary, performance-based pay, and piecework pay to align employee compensation with company performance[169] - The company plans to continue implementing talent introduction programs to enhance the quality of its management and technical teams in the coming years[170]

Financial Performance - Total assets increased by 31.18% to CNY 4,526,428,053.99 compared to the end of the previous year[6] - Net assets attributable to shareholders rose by 62.58% to CNY 2,210,636,998.92 year-on-year[6] - Revenue for the first nine months increased by 3.32% to CNY 308,097,050.52 compared to the same period last year[6] - Net profit attributable to shareholders grew by 27.20% to CNY 70,438,171.31 year-on-year[6] - Basic and diluted earnings per share increased by 13.33% to CNY 0.17[7] - The weighted average return on equity rose by 2.40 percentage points to 5.12%[7] - Total operating revenue for Q3 2016 was ¥104,707,835.28, an increase of 20% compared to ¥87,279,028.62 in Q3 2015[37] - Operating profit for Q3 2016 reached ¥28,226,275.07, up 98% from ¥14,200,513.28 in the same period last year[37] - Net profit attributable to shareholders for Q3 2016 was ¥23,199,808.45, representing a 67% increase from ¥13,907,109.74 in Q3 2015[38] - The total profit for the first nine months of 2016 was ¥93,963,254.93, an increase from ¥73,601,025.01 in the previous year[38] Cash Flow - Net cash flow from operating activities surged by 770.56% to CNY 61,870,756.00 for the period from January to September[6] - Operating cash inflow for the first nine months was CNY 4,932,413,483.25, up from CNY 4,397,941,000.42 year-over-year, representing an increase of approximately 12.1%[43] - The net cash flow from operating activities was CNY 61,870,756.00, significantly higher than CNY 7,106,982.92 in the previous year[43] - Cash flow from financing activities generated a net inflow of CNY 724,702,390.60, compared to CNY 163,333,992.32 in the previous year, indicating a substantial increase[44] - The total cash inflow from operating activities was CNY 4,932,413,483.25, while cash outflow was CNY 4,870,542,727.25, resulting in a positive net cash flow[43] Shareholder Information - The total number of shareholders reached 32,542 at the end of the reporting period[11] - The largest shareholder, Shanghai Huirui Industrial Co., Ltd., holds 22.17% of the shares, with 102,512,536 shares pledged[11] Government Support - The company received government subsidies amounting to CNY 4,953,207.96 during the reporting period[8] Asset Management - The company's cash and cash equivalents increased by 172.78% to ¥857,035,124.69 due to a non-public stock issuance in September 2016[14] - Accounts receivable notes decreased by 42.77% to ¥68,607,606.81 as customers reduced settlement via notes[14] - Other current assets rose by 87.17% to ¥416,812,854.49 due to the purchase of financial products with part of the raised funds[14] - The company's total equity attributable to shareholders increased by 62.58% to ¥2,210,636,998.92, driven by the non-public stock issuance[14] Regulatory Approvals and Commitments - The company completed a non-public stock issuance in 2016, with the board approving the plan on March 2, 2016[16] - The company received regulatory approval for the non-public stock issuance on March 30, 2016[16] - The company reported a significant commitment to stabilize its stock price, pledging to repurchase shares if the stock price falls below the audited net asset value per share from the previous fiscal year[23] - The controlling shareholder committed to avoiding competition with the company's main business activities[19] - The actual controller of the company also made a commitment to not engage in competing business activities[19] Future Plans and Strategies - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39] - The company has established a clear framework for share reduction and repurchase, including specific thresholds for shareholding adjustments[23]

Financial Performance - The company's operating revenue for the first half of 2016 was approximately ¥203.39 million, a decrease of 3.57% compared to ¥210.92 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2016 was approximately ¥47.24 million, an increase of 13.91% from ¥41.47 million in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥44.39 million, reflecting an increase of 8.08% compared to ¥41.07 million in the same period last year[17]. - The net cash flow from operating activities improved to approximately -¥32.09 million, a 10.55% increase from -¥35.87 million in the previous year[17]. - The total assets at the end of the reporting period were approximately ¥3.80 billion, representing a 10.17% increase from ¥3.45 billion at the end of the previous year[17]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥1.37 billion, a slight increase of 0.45% from ¥1.36 billion at the end of the previous year[17]. - The basic earnings per share remained stable at ¥0.12, unchanged from the same period last year[17]. - The weighted average return on net assets decreased to 3.48%, down 16.35 percentage points from 4.16% in the previous year[17]. Revenue and Costs - Operating costs increased by 9.90% to ¥69,816,796.17, primarily due to the initiation of logistics supply chain projects[24]. - Sales expenses rose by 14.18% to ¥4,132,009.98, driven by intensified competition in the industry[24]. - Management expenses surged by 31.01% to ¥30,553,461.60, attributed to upfront investments in supply chain service platforms[24]. - Financial expenses decreased by 42.45% to ¥34,100,186.11, due to reduced exchange losses[24]. Investments and Projects - The company received approval from the China Securities Regulatory Commission for a non-public offering of shares on August 2, 2016[29]. - The company invested RMB 2 million to establish Tianjin Wanlin Logistics Co., Ltd., marking a 100% increase in external equity investment compared to the same period last year[37]. - The company has committed RMB 23,878.75 million to the timber logistics distribution center project, with RMB 4,941.25 million invested in the reporting period[43]. - The wood logistics distribution center project has a planned investment of RMB 23,878.75 million, with an actual investment of RMB 7,237.99 million, achieving 30.31% of the expected return[45]. Shareholder Information - The company distributed a cash dividend of RMB 1.0 per 10 shares, totaling RMB 41,050,000, based on a total share capital of 410,500,000 shares[52]. - The total amount of guarantees provided by the company to subsidiaries during the reporting period was RMB 487,410,889.97, with a total guarantee balance of RMB 837,843,668.56 at the end of the period, accounting for 61.62% of the company's net assets[56]. - The total number of shareholders as of the end of the reporting period is 28,940[79]. - The top ten shareholders hold a total of 97,330,443 shares, representing 23.71% of the total shares[81]. Compliance and Governance - The report was not audited, and the board of directors confirmed the accuracy and completeness of the financial report[3]. - The company has maintained compliance with corporate governance standards as per relevant laws and regulations, ensuring no significant discrepancies were found[71]. - The company has not reported any penalties or corrective actions against its directors, supervisors, or senior management during the reporting period[71]. - The company has emphasized the importance of enhancing its internal control system and improving information disclosure management[71]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -32,088,012.41, an improvement from CNY -35,871,651.14 in the previous year[104]. - The ending balance of cash and cash equivalents was CNY 213,418,474.92, down from CNY 473,481,025.47 at the end of the previous period[105]. - The company received CNY 135,513,795.16 in cash from sales of goods and services, a decrease from CNY 185,149,419.11 in the same period last year[103]. Accounting Policies - The company adheres to the accounting standards issued by the Ministry of Finance, ensuring compliance with the relevant regulations since July 1, 2014[124]. - The financial statements are prepared on a going concern basis, indicating the company's ability to continue operations[125]. - The company recognizes revenue from the sale of goods when the significant risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[175]. Financial Assets and Liabilities - Financial assets and liabilities are initially recognized at fair value, with transaction costs directly expensed for those measured at fair value through profit or loss[140]. - The company assesses financial assets for impairment at each balance sheet date and recognizes impairment losses when there is objective evidence of impairment[144]. - The company uses the aging analysis method to assess and provide for bad debts on accounts receivable, with specific percentages for different aging categories[153]. Future Commitments and Plans - The company has committed to a stock repurchase plan if the stock price falls below the audited net asset value per share for 20 consecutive trading days[70]. - The company will announce any share reduction intentions three trading days in advance, with specific methods for reducing shares based on the percentage of total shares[67]. - The company will not engage in unnecessary related-party transactions and will ensure compliance with relevant laws and regulations[61].

Financial Performance - Operating revenue decreased by 6.69% to CNY 92,300,041.02 year-on-year[6] - Net profit attributable to shareholders decreased by 7.49% to CNY 17,594,984.05 compared to the same period last year[6] - Basic earnings per share decreased by 20.00% to CNY 0.04[6] - Total operating revenue for the current period is ¥92,300,041.02, a decrease of 6.6% from ¥98,920,832.95 in the previous period[36] - Operating profit decreased to ¥22,874,684.69, down 13.5% from ¥26,463,651.66 in the previous period[37] - Net profit for the current period is ¥17,594,984.05, a decline of 7.5% compared to ¥19,020,191.13 in the previous period[37] - Comprehensive income totalled ¥17,800,116.39, down from ¥19,051,318.39 in the previous period[38] Assets and Liabilities - Total assets increased by 4.89% to CNY 3,619,051,010.73 compared to the end of the previous year[6] - Current assets rose to CNY 2,539,171,785.04, up from CNY 2,411,474,765.39, indicating an increase of about 5.3%[28] - Total liabilities increased to CNY 2,241,516,913.00 from CNY 2,090,714,790.91, reflecting a growth of about 7.2%[30] - Owner's equity totaled CNY 1,377,534,097.73, up from CNY 1,359,733,981.35, indicating an increase of approximately 1.3%[30] - Non-current assets totaled CNY 1,079,879,225.69, up from CNY 1,038,974,006.87, reflecting a growth of about 3.9%[29] Cash Flow - Cash flow from operating activities improved by 68.91%, reaching a net outflow of CNY 22,598,328.97[6] - The net cash flow from operating activities improved by 68.91% to -RMB 22,598,328.97, indicating faster capital turnover[15] - The net cash flow from investing activities increased by 307.48% to RMB 3,035,792.73 due to the recovery of idle funds for investment[15] - The total cash inflow from operating activities was 1,249,134,384.15 RMB, while cash outflow was 1,271,732,713.12 RMB, resulting in a net cash flow of -22,598,328.97 RMB[44] - Cash inflow from investment activities amounted to 51,103,801.27 RMB, with cash outflow of 48,068,008.54 RMB, leading to a net cash flow of 3,035,792.73 RMB[44] - The cash flow from investment activities showed a significant improvement with a net inflow of 20,110,844.25 RMB compared to a net outflow of -828,444.24 RMB previously[48] Shareholder Information - Total number of shareholders reached 31,247 at the end of the reporting period[10] - The largest shareholder, Shanghai Huirui Industrial Co., Ltd., holds 23.71% of shares[11] Commitments and Agreements - The company and its controlling shareholder, Shanghai Huirui, committed to avoiding competition with Wanlin Logistics and its subsidiaries, ensuring no similar business activities are conducted[19] - The commitments made by the actual controller, Huang Baozhong, include not engaging in any competing business activities with Wanlin Logistics during his control period, which is effective and irrevocable[20] - The company pledged not to use its controlling position to gain preferential treatment in business cooperation for its other controlled enterprises compared to independent third parties[20] - The company committed to ensuring that any unavoidable related transactions with Wanlin Logistics are conducted in compliance with relevant laws and regulations, maintaining fairness and transparency[20] Stock Management - The company committed to a stock repurchase plan to stabilize its stock price, with a maximum repurchase amount not exceeding 20% of the previous year's audited net profit attributable to shareholders[25] - The total amount for stock repurchases in a single fiscal year will not exceed 50% of the previous year's audited net profit attributable to shareholders[25] - If the company fails to fulfill its stock price stabilization commitments, it will publicly explain the reasons and apologize to shareholders, and will implement cash dividends not exceeding 20% of the previous year's audited net profit[25] - The controlling shareholder, Shanghai Huirui Industrial Co., Ltd., also made commitments to stabilize the stock price, including a minimum investment of 20% of the cash dividends received from the company since its listing[26]

Financial Performance - Operating revenue for the first nine months decreased by 16.43% to CNY 298,202,839.36 compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 34.16% to CNY 55,376,386.64 compared to the same period last year[6]. - Basic and diluted earnings per share decreased by 37.50% to CNY 0.15[7]. - Total operating revenue for the third quarter was ¥87,279,028.62, a decrease of 37.4% compared to ¥139,221,721.46 in the same period last year[33]. - Total operating costs for the third quarter were ¥74,518,778.48, down 29.0% from ¥104,970,671.00 year-over-year[34]. - Operating profit for the third quarter was ¥14,200,513.28, representing a decline of 59.5% from ¥35,044,322.74 in the previous year[34]. - Net profit for the third quarter was ¥13,907,109.74, a decrease of 52.7% compared to ¥29,355,601.25 in the same period last year[34]. - Total comprehensive income for the third quarter was ¥14,043,493.86, a decline of 52.5% from ¥29,543,053.79 year-over-year[35]. - The company reported a total operating revenue of ¥298,202,839.36 for the year-to-date period, down 16.4% from ¥356,840,196.58 in the previous year[33]. - The total operating costs for the year-to-date period were ¥229,896,453.06, a decrease of 12.2% compared to ¥261,887,271.62 last year[34]. - The company achieved an operating profit of ¥69,014,016.14 for the year-to-date period, down 30.0% from ¥98,445,867.29 in the previous year[34]. Asset and Liability Changes - Total assets decreased by 8.35% to CNY 3,429,738,626.13 compared to the end of the previous year[6]. - Current liabilities decreased from CNY 2,703,638,497.85 to CNY 2,045,496,972.54, indicating a reduction of approximately 24.3%[26]. - Non-current liabilities decreased from CNY 62,707,294.67 to CNY 43,023,628.15, a decline of about 31.5%[31]. - Owner's equity increased from CNY 975,843,652.25 to CNY 1,341,218,025.44, reflecting a growth of approximately 37.3%[27]. - The company reported a total liability of CNY 2,088,520,600.69, down from CNY 2,766,345,792.52, indicating a decrease of about 24.5%[26]. - Total current assets decreased from CNY 2,760,940,351.48 to CNY 2,400,680,549.49, a decline of approximately 13.1%[25]. Cash Flow Analysis - Net cash flow from operating activities decreased by 84.24% to CNY 7,106,982.92 compared to the same period last year[6]. - Cash inflows from operating activities totaled ¥4,397,941,000.42, down from ¥6,817,112,294.58 year-over-year, indicating a decline of approximately 35.5%[40]. - The company reported a net cash outflow from investing activities of ¥74,548,378.67, compared to a net outflow of ¥56,470,028.99 in the previous year[40]. - Financing activities generated a net cash inflow of ¥163,333,992.32, a turnaround from a net outflow of ¥44,158,599.32 in the same period last year[41]. - Cash outflows for purchasing goods and services were ¥90,891,956.75, an increase from ¥56,130,338.09 in the previous year, indicating a rise of 61.8%[40]. Shareholder Information - The number of shareholders at the end of the period was 43,943[10]. - The largest shareholder, Shanghai Huirui Industrial Co., Ltd., holds 23.71% of the shares[10]. - The company committed to a stock repurchase plan to stabilize share prices if the stock price falls below the audited net asset value per share for 20 consecutive trading days[15]. - The company committed to increase its stock holdings in Wanlin Logistics, with a minimum of 20% of the total cash dividends received since its listing to stabilize the stock price[16]. - The maximum annual amount for stock repurchase to stabilize the stock price is capped at 50% of the total cash dividends received since Wanlin Logistics' listing[16]. - The company’s major shareholders have also committed to similar lock-up agreements, ensuring stability in shareholding post-IPO[19]. Regulatory and Compliance Commitments - The company will comply with relevant laws and regulations regarding related party transactions and ensure proper decision-making procedures are followed[17]. - The company will publicly disclose any violations of commitments and apologize to shareholders if it fails to stabilize the stock price[16]. - The commitments regarding related party transactions will ensure that the interests of the issuer and public shareholders are not harmed[17]. - The company is subject to regulatory compliance and must adhere to the rules set by the China Securities Regulatory Commission and the Shanghai Stock Exchange regarding share transactions[22]. Future Outlook and Strategy - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[36]. - The company has not indicated any significant changes in its operational strategy or market expansion plans during this reporting period[22]. - The company anticipates that its cumulative net profit for the year may experience significant changes compared to the previous year, although specific figures are not provided[22].

Financial Performance - The company's operating revenue for the first half of 2015 was ¥210,923,810.74, a decrease of 3.08% compared to ¥217,618,475.12 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2015 was ¥41,469,276.90, down 24.26% from ¥54,751,072.74 in the previous year[18]. - The net cash flow from operating activities was negative at -¥35,871,651.14, a significant decline from ¥10,489,938.56 in the same period last year, representing a decrease of 441.96%[18]. - Operating profit was CNY 54,813,502.86, down 13.55% year-on-year[25]. - The company's cash flow from operating activities was negative CNY 35,871,651.14, a decrease of 441.96% year-on-year[27]. - The company reported a decrease in cash inflow from sales of goods and services, totaling CNY 185,149,419.11, compared to CNY 293,217,139.91 in the previous year[103]. - The net profit for the period was CNY 41,469,276.90, a decline of 24.2% compared to CNY 54,751,072.74 in the previous year[99]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,879,271,929.20, an increase of 3.66% from ¥3,742,189,444.77 at the end of the previous year[18]. - Total current assets as of June 30, 2015, amounted to CNY 2,909,529,841.60, an increase from CNY 2,760,940,351.48 at the beginning of the period[90]. - Total liabilities decreased to CNY 2,552,097,397.62 from CNY 2,766,345,792.52, indicating a reduction in financial obligations[92]. - The company's total liabilities to equity ratio improved, reflecting a stronger financial position and reduced leverage[92]. Shareholder Information - The company issued 60 million shares at a price of CNY 5.93 per share, raising a total of CNY 35,580,000, with a net amount of CNY 30,957,550 after expenses[31]. - The company reported a lock-up period of 36 months for major shareholders after the IPO, with a potential extension of 6 months if the stock price falls below the issue price for 20 consecutive trading days[59]. - Major shareholders are restricted from selling more than 10% of their shares in the first year after the lock-up period ends, and the same limit applies for the second year[59]. - The company has committed to repurchasing any shares sold in violation of lock-up agreements within 10 trading days[69]. Research and Development - The company’s research and development expenses increased by 57.42% to CNY 968,282.06[27]. Corporate Governance - The company maintained compliance with corporate governance standards as per the Company Law and relevant regulations[72]. - The company has established a robust internal control system to enhance governance and information disclosure management[72]. Taxation - The company has a tax rate of 25% for most subsidiaries, while its subsidiary registered in Hong Kong benefits from a lower tax rate of 16.5%[195]. - The company’s subsidiary, Jingjiang Profit Port Co., Ltd., enjoys a tax exemption for the first three years of operation and a 50% reduction in the following three years, resulting in an effective tax rate of 12.5% during that period[196]. Cash Flow - The total cash inflow from financing activities was CNY 341,771,507.50, significantly higher than CNY 60,741,759.67 in the same period last year[105]. - The net cash flow from financing activities was 202,652,130.32 CNY, showing a positive cash generation despite outflows[108]. Compliance and Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring compliance and transparency in financial reporting[128]. - The financial statements reflect the company's financial position, operating results, and cash flows accurately[131].