Financial Performance - In 2018, the company's operating revenue reached ¥6,042,686,405.08, an increase of 47.67% compared to ¥4,092,144,779.10 in 2017[24]. - The net profit attributable to shareholders was ¥47,069,510.46, a decrease of 24.03% from ¥61,954,210.86 in 2017[24]. - The net profit after deducting non-recurring gains and losses was ¥13,935,995.58, down 75.61% from ¥57,129,622.32 in 2017[24]. - The net cash flow from operating activities was -¥12,428,551.59, a decline of 105.48% compared to ¥226,784,717.92 in 2017[24]. - The company's total assets increased by 32.29% to ¥1,671,880,744.92 at the end of 2018, up from ¥1,263,826,491.80 at the end of 2017[24]. - Basic earnings per share for 2018 were ¥0.24, a decrease of 35.14% from ¥0.37 in 2017[25]. - The weighted average return on equity was 4.78%, down 4.63 percentage points from 9.41% in 2017[25]. - The company reported a net profit of -¥5,959,485.29 in Q4 2018, following profits in the first three quarters[28]. - The company reported a net profit of RMB 4,706.95 million for 2018, a decline of 24.03% compared to 2017[53]. - The company's cash flow from operating activities was negative at RMB -1,242.86 million, indicating a significant decrease in cash generation[53]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.47 CNY per share, totaling 9,475,200 CNY (after tax) based on a total share capital of 20.16 million shares[6]. - The company did not distribute cash dividends in 2018, with a cash dividend amount of CNY 9,475,200, representing 20.13% of the net profit attributable to ordinary shareholders[102]. - In 2017, the cash dividend amount was CNY 18,720,000, accounting for 30.22% of the net profit attributable to ordinary shareholders[102]. - The number of ordinary shareholders increased from 11,799 to 13,009 during the reporting period[134]. - Liu Zhendong's shareholding increased by 16,399,996 shares, bringing his total to 57,399,987 shares, representing 28.47% of the total shares[137]. - The company plans to distribute a cash dividend of 1.3 RMB per 10 shares, totaling 18,720,000 RMB, while increasing the total share capital to 201,600,000 shares through a capital reserve conversion[133]. Audit and Compliance - The company has received a standard unqualified audit report from Shandong Hexin Accounting Firm[5]. - The company has not faced any risks of suspension of listing during the reporting period[114]. - There were no significant accounting errors that required correction during the reporting period[111]. - The audit opinion confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2018[186]. - The company has implemented key internal controls related to revenue recognition to mitigate the risk of material misstatement[191]. - The company has not reported any significant deficiencies in internal control during the reporting period[182]. Business Operations and Strategy - The company is engaged in LNG trading and logistics, LNG refueling station construction and operation, and traditional logistics services[34]. - The company has established a logistics information platform leveraging mobile internet technology to enhance transportation organization efficiency[13]. - The LNG import volume in 2018 reached 53.78 million tons, a year-on-year increase of 40%, making LNG a major source of natural gas imports for the company[40]. - The company’s logistics business is positioned within the road logistics sector, which is experiencing steady growth due to rising demand from the national economy[40]. - The company is actively involved in the integration of internet technology with logistics, promoting resource consolidation and operational efficiency through non-vehicle carrier trials[41]. - The company is focusing on enhancing its logistics capabilities through increased outsourcing and collaboration[62]. - The company plans to extend its LNG trade logistics business to include upstream LNG procurement and receiving station operations, midstream LNG transportation, and downstream refueling station operations[96]. Related Party Transactions - The company provided logistics services and LNG sales to related parties, with an estimated amount of RMB 210 million and an actual amount of RMB 75.46 million[116]. - The total amount of related transactions for the year reached RMB 111,588,882.38, with no significant discrepancies from market pricing[119]. - The company reported a total of 12,109,232.42 RMB in related party transactions at the beginning of the period, with a decrease of 5,980,159.03 RMB, resulting in an ending balance of 6,129,073.39 RMB[122]. - The company provided funds to related parties amounting to 5,980,159.03 RMB, with the largest transaction being 2,000,000.00 RMB to Xinjiang Nanshan Silk Road Business Service Co., Ltd.[122]. Market and Industry Trends - The LNG market in 2018 showed improved supply-demand balance compared to 2017, with adjustments in both supply and demand sides[74]. - The total social logistics volume in China reached CNY 283.1 trillion, a year-on-year growth of 6.4%[84]. - The total logistics cost for 2018 was CNY 13.3 trillion, increasing by 9.8% year-on-year, with the ratio of logistics costs to GDP rising to 14.8%[84]. - The logistics industry is experiencing a trend of accelerated penetration of vehicle networking technology[84]. Employee and Management Information - The company employed a total of 1,351 staff, including 222 at the parent company and 1,129 at major subsidiaries[170]. - The company’s compensation policy emphasizes performance-based pay, with salaries reflecting individual skills, contributions, and market competitiveness[172]. - The total pre-tax remuneration for the reporting period amounted to 610.51 million yuan for all executives combined[151]. - The company’s management team has extensive experience in logistics and management, with key members having held significant positions in the industry[153]. Future Outlook and Guidance - The company provided a positive outlook for the next quarter, projecting a revenue growth of 25% based on current market trends[158]. - Future guidance indicates a focus on sustainability initiatives, with a target of reducing carbon emissions by 30% over the next five years[158]. - The company is considering strategic acquisitions to enhance its supply chain efficiency, with a budget of 500 million RMB for potential deals[158].

2018 年第三季度报告 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 8 | 2018 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。 1.3 公司负责人刘振东、主管会计工作负责人惠朋举及会计机构负责人（会计主管人员）解莉丽 保证季度报告中财务报表的真实、准确、完整。 公司代码：603223 公司简称：恒通股份 恒通物流股份有限公司 2018 年第三季度报告 1 / 22 | 目录 | | --- | 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 22 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 1,802,660,713.03 1,263,826,491.80 42.64 归属于上市公司 股东的净资产 1, ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 2,365,496,912.51, representing a year-on-year increase of 52.85%[19] - The net profit attributable to shareholders for the same period was CNY 38,901,972.63, up 29.13% compared to the previous year[19] - The net profit after deducting non-recurring gains and losses was CNY 30,070,719.14, reflecting a growth of 33.29% year-on-year[19] - Basic earnings per share for the first half of 2018 were CNY 0.21, up 16.67% from CNY 0.18 in the same period last year[20] - The diluted earnings per share also stood at CNY 0.21, reflecting the same growth rate of 16.67%[20] - The company's total operating revenue increased by 52.85% to CNY 2.37 billion, compared to CNY 1.55 billion in the same period last year[38] - The net profit for the first half of 2018 was CNY 785,504.70, compared to a net loss of CNY 4,259,548.71 in the same period last year, indicating a significant improvement[93] - The total comprehensive income for the first half of 2018 was CNY 785,504.70, compared to a loss of CNY 4,259,548.71 in the same period last year[94] Cash Flow and Financial Position - The company's net cash flow from operating activities was negative CNY 91,422,785.47, a decrease of 227.41% compared to the same period last year[19] - The net cash flow from operating activities was negative at CNY -91.42 million, a decline of 227.41% compared to the previous year, primarily due to an increase in accounts receivable[39] - The cash flow from operating activities showed a net outflow of CNY 91.42 million, a decline from a net inflow of CNY 71.75 million in the previous year[95] - The cash outflows from operating activities were CNY 2.65 billion, compared to CNY 1.60 billion in the same period last year, reflecting increased operational costs[95] - The cash and cash equivalents at the end of the period were CNY 113.07 million, an increase from CNY 54.90 million at the end of the previous year[96] - The company's total liabilities were reported at ¥544,553,318.48, compared to ¥512,497,588.14 at the start of the period, indicating an increase of about 6.2%[84] - The total equity of the company reached ¥1,165,503,879.69, up from ¥751,328,903.66, reflecting a growth of approximately 55.0%[84] Assets and Liabilities - Total assets reached CNY 1,710,057,198.17, marking a 35.31% increase compared to the previous year[19] - The company's total assets amounted to ¥1,710,057,198.17, an increase from ¥1,263,826,491.80 at the beginning of the period, representing a growth of approximately 35.4%[82] - Accounts receivable increased by 163.73% to CNY 165.65 million, indicating a significant rise in outstanding payments from customers[40] - The company's inventory decreased to ¥26,151,777.76 from ¥36,146,320.95, a decline of about 27.7%[82] - The capital reserve increased to ¥580,362,684.04 from ¥281,064,193.47, representing a growth of approximately 106.6%[84] Subsidiaries and Business Segments - The company operates in the LNG and traditional logistics sectors, focusing on LNG trade, logistics, and the construction and operation of LNG refueling stations[26] - The company’s subsidiary, Yidian Technology, is a pioneer in the non-vehicle carrier logistics model, enhancing operational efficiency through technology[27] - The company’s subsidiary, Longkou City Hengtong Crane, reported a significant net loss of CNY 450,849.46, with total revenue of CNY 372,713.60, reflecting operational difficulties[44] - The logistics subsidiary, Shandong Optimized Logistics, faced a net loss of CNY 893,082.77, despite generating revenue of CNY 184,403,542.51, highlighting challenges in the logistics sector[44] - The company’s LNG import volume in China was 23.66 million tons in the first half of 2018, a 51% increase compared to the previous year, driven by environmental policies promoting natural gas usage[35] Risks and Challenges - The company is exposed to risks from weak macroeconomic demand, which could impact logistics revenue and LNG sales[45] - The company faces significant risks related to traffic accidents during logistics operations, which could lead to severe financial and operational consequences[45] - Fluctuations in energy prices, particularly low international crude oil prices, may affect the demand for LNG in the vehicle market[46] - The company's logistics business primarily serves the bulk raw materials market, making it sensitive to changes in macroeconomic conditions[45] Shareholder and Capital Structure - The company completed a private placement of shares, raising a net amount of CNY 380 million[21] - The company plans to distribute cash dividends of 1.3 RMB per 10 shares, totaling an estimated 18,720,000 RMB[67] - The company has a registered capital of 201,600,000 RMB and a total share capital of 120,000,000 RMB after stock issuance[112] - Liu Zhendong increased his shareholding by 16,399,996 shares, holding a total of 57,399,987 shares, representing 28.47% of the total shares[70] - The company’s shareholding structure changed, with the proportion of limited sale shares increasing to 45.14% after the recent issuance[65] Corporate Governance and Compliance - The company appointed Shandong Hexin Accounting Firm for the 2018 financial report audit and internal control audit[53] - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[49] - The company reported no major litigation or arbitration matters during the reporting period, indicating a stable legal environment[54] - The integrity status of the company and its controlling shareholders remained good, with no significant debts due that were unpaid[54] Accounting Policies and Financial Reporting - The company’s accounting policies comply with the requirements of enterprise accounting standards, ensuring accurate financial reporting[121] - The company recognizes long-term equity investments based on control, joint control, or significant influence over the investee[177] - The company applies the equity method for investments in joint ventures and associates, adjusting the investment's book value based on the investee's net profit and other comprehensive income[182] - The company recognizes impairment losses for intangible assets when evidence suggests that their useful life is limited, estimating their useful life accordingly[200]

2018 年第一季度报告 公司代码：603223 公司简称：恒通股份 恒通物流股份有限公司 2018 年第一季度报告 1 / 17 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 6 | 2018 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 1,677,340,051.96 | 1,263,826,491.80 | | 32.72% | | 归属于上市公司 | 1,090,659,350.66 | 686,859,254.71 | | 58.79% | | 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 | -5,748,0 ...

Financial Performance - The company achieved operating revenue of 4,092.14 million yuan in 2017, an increase of 88.91% compared to 2016[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 57.13 million yuan, up 12.48% from 2016[20]. - Basic earnings per share increased to 0.52 yuan, representing an 8.33% growth compared to 0.48 yuan in 2016[20]. - The weighted average return on equity was 9.41%, a slight decrease of 0.15 percentage points from 2016[20]. - The company’s diluted earnings per share also stood at 0.52 yuan, consistent with the basic earnings per share[20]. - The net profit attributable to shareholders for 2017 was CNY 61,954,210.86, a 6.45% increase from CNY 58,199,942.84 in 2016[23]. - The company reported a quarterly revenue of CNY 1,373,605,268.63 in Q4 2017, with a total annual revenue of CNY 4,092,144,779.10[25]. - The net profit for Q4 2017 was CNY 23,109,126.42, contributing to the overall annual net profit of CNY 61,954,210.86[25]. - The company achieved a main business revenue of CNY 4,078.88 million in 2017, representing an increase of approximately 89.18% compared to the previous year[45]. - LNG sales business revenue grew by 110.24% in 2017, contributing significantly to the overall revenue, with a gross profit of CNY 197.99 million, up 86.72% from 2016[45]. - The company sold approximately 1.1 million tons of LNG in 2017, a 60% increase from 670,000 tons in 2016[46]. - The logistics transportation business generated revenue of CNY 368.91 million in 2017, a modest increase of 1.69%, but gross profit decreased by 27.04%[48]. - The total operating income for LNG sales reached approximately ¥3.63 billion, with a cost of sales of about ¥3.44 billion, resulting in a gross margin of 5.28%[58]. - The logistics transportation segment reported a revenue of approximately ¥368.91 million, with a cost of ¥319.20 million, reflecting a gross margin of 13.47%[56]. Cash Flow and Investments - The net cash flow from operating activities reached CNY 218,854,717.92, marking a significant increase of 130.22% from CNY 95,064,076.30 in 2016[23]. - The company reported a net cash flow from operating activities of CNY 218.85 million, an increase of 130.22% compared to the previous year[52]. - The cash and cash equivalents at the end of the period increased by 1600.77% to 178.86 million yuan[64]. - The company’s total cash and cash equivalents at the end of the period reached ¥178,864,282.45, compared to ¥10,516,679.64 at the end of the previous period, reflecting a substantial increase[173]. - Cash inflow from investment activities totaled ¥2,127,250,136.65, up from ¥904,320,715.98, representing an increase of approximately 135.5%[173]. - The net cash flow from investment activities was negative at -¥179,769,868.39, compared to -¥156,968,714.82 in the previous year, showing a slight deterioration[173]. - The total cash and cash equivalents increased significantly to RMB 179.01 million from RMB 13.35 million at the beginning of the year[158]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 1.30 yuan per share, totaling 18.72 million yuan[5]. - The cash dividend distribution plan for 2017 represents 30.22% of the net profit attributable to ordinary shareholders[88]. - The company has maintained its cash dividend policy without adjustments during the reporting period[87]. - The company reported a profit distribution of -17,605,640 RMB, indicating a decrease in profit allocation to shareholders compared to the prior period[182]. - The company extracted 90,140 RMB for surplus reserves during the period, reflecting a cautious approach to profit retention[182]. Business Operations and Strategy - The company is engaged in LNG and LPG business, including trade, logistics, and construction of LNG refueling stations[30]. - The company has developed an internet-based logistics platform through its subsidiary, which has become a pilot enterprise for non-vehicle carriers in China[31]. - The company is actively transitioning from traditional logistics to an "Internet + Vehicle Networking + Logistics" model, enhancing operational efficiency[48]. - The company is focused on expanding its LNG import capacity, anticipating continued growth in demand for natural gas in the coming years[36]. - The company aims to transform its traditional logistics business by leveraging internet and IoT technologies, evolving into an innovative internet+ logistics company[80]. - The company is focusing on building a complete business chain that includes upstream, midstream, and downstream operations in the LNG sector[79]. - The company is exploring high-quality pipeline natural gas investment projects based on the development of its LNG energy business[81]. - The company is committed to investing more resources in the development of smart logistics driven by internet and IoT technologies[80]. Risk Management and Compliance - The company emphasizes the importance of investment risk awareness regarding forward-looking statements[6]. - The company faces risks from weak macroeconomic demand, which could impact logistics transportation revenue and LNG sales[83]. - The company has not reported any significant losses or failures to fulfill commitments during the reporting period[92]. - The company has not been subject to penalties from securities regulatory agencies in the past three years[129]. - The company has established internal controls to manage accounts receivable and ensure the accuracy of financial reporting[148]. Corporate Governance and Management - The company has engaged Shandong Hexin Accounting Firm for auditing services, with a remuneration of 1,000,000 RMB for three years[93]. - The internal control audit will also be conducted by Shandong Hexin Accounting Firm, with a fee of 500,000 RMB[93]. - The company has established a compensation and assessment committee under the board of directors to evaluate the performance of directors and senior management[127]. - The board of directors held 9 meetings during the year, with no instances of independent directors raising objections[138]. - The company continues to emphasize stability in its leadership team, as evidenced by the unchanged shareholdings of key executives[120]. - The total remuneration for all directors, supervisors, and senior management in the reporting period amounted to 5.3431 million yuan (pre-tax)[127]. Employee and Workforce Information - The total number of employees in the parent company and major subsidiaries is 1,434, with 21 in the parent company and 1,413 in subsidiaries[130]. - The employee composition includes 574 production personnel, 67 sales personnel, 123 technical personnel, 51 financial personnel, 416 administrative personnel, and 203 others[130]. - The company's compensation policy emphasizes performance-based pay, with salaries higher than the local industry average[131]. - The company provides targeted training programs to enhance team management and innovation capabilities, addressing operational management shortcomings[132]. Subsidiaries and Market Presence - The company has a total of 10 subsidiaries, with registered capital ranging from 10 million to 10.6 billion CNY[196]. - The subsidiary "Shandong Hengfu Oasis New Energy Co., Ltd." has a registered capital of 85 million CNY and is involved in liquefied natural gas sales[199]. - "Shandong Tonggang Logistics Co., Ltd." has a registered capital of 10 million CNY and focuses on cargo storage and ship agency services, with a 65% ownership stake[199]. - "Yidian Technology Co., Ltd." has a registered capital of 50 million CNY, specializing in information software services, with a 51% ownership stake[199]. - The company maintains a 100% ownership stake in all listed subsidiaries, ensuring full control over operations[196].

2017 年第三季度报告 公司代码：603223 公司简称：恒通股份 恒通物流股份有限公司 2017 年第三季度报告 1 / 20 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 8 | 2017 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。 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 1,270,030,298.81 896,485,084.30 41.67% 归属于上市公司 股东的净资产 663,264,530.69 634,087,814.94 4.60% 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 80,455,907.24 ...

Financial Performance - The company's operating revenue for the first half of 2017 reached ¥1,547,562,447.12, representing a 75.44% increase compared to ¥882,121,872.86 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥30,125,709.19, a 7.14% increase from ¥28,117,551.19 in the previous year[17]. - The net cash flow from operating activities was ¥71,753,126.33, showing a 58.52% increase from ¥45,263,028.13 in the same period last year[17]. - The total assets at the end of the reporting period were ¥1,060,342,461.25, an 18.28% increase from ¥896,485,084.30 at the end of the previous year[17]. - The company's net assets attributable to shareholders increased by 3.10% to ¥653,723,638.72 from ¥634,087,814.94 at the end of the previous year[17]. - The basic earnings per share for the first half of 2017 was ¥0.25, an increase of 8.70% compared to ¥0.23 in the same period last year[18]. - The weighted average return on net assets was 4.65%, slightly down from 4.71% in the previous year[18]. - The company reported a decrease of 4.31% in net profit after deducting non-recurring gains and losses, amounting to ¥22,561,213.16 compared to ¥23,577,063.07 in the previous year[17]. Revenue Sources - The revenue from LNG trade logistics business grew by over 90%, contributing significantly to the overall revenue increase[17]. - In the first half of 2017, the company's highway freight logistics business generated revenue of CNY 182.74 million, representing a year-on-year growth of 1.76%[32]. - The LNG wholesale and retail business achieved revenue of CNY 1.3226269 billion, marking a significant year-on-year increase of 98.55%[32]. - The company reported a total sales volume of approximately 3,000 tons/day, with LNG trade sales of about 400,000 tons in the first half of 2017, generating revenue of approximately 1.2 billion RMB, a year-on-year increase of about 93% and 101% respectively[33]. Operational Efficiency - The company is leveraging information technology systems to improve operational efficiency and safety in vehicle management[29]. - The company operates a comprehensive service model that includes heavy truck sales, maintenance, driving school training, and vehicle leasing[24]. - The company has established joint ventures with Longkou Port Group and Sinopec Natural Gas to enhance logistics services and distribution capabilities[29]. - The company's core competitiveness remains stable, with a focus on integrated logistics services and cost reduction through scale procurement[28]. Financial Position - The company's cash and cash equivalents increased by 312.23% to 55,051,694.11 RMB, primarily due to increased bank deposits[38]. - The company’s prepayments decreased by 45.87% to 66,439,675.04 RMB, mainly due to LNG procurement payments[38]. - The company reported a significant increase in other receivables, rising to CNY 135,713,555.08 from CNY 9,189,517.17, a growth of approximately 1,375.0%[83]. - The total liabilities increased to CNY 350,919,608.72 from CNY 214,412,282.04, representing a growth of about 63.7%[80]. Risk Management - The company has outlined potential risks in its operations and has provided measures to address these risks in the report[4]. - The company faces risks from a sustained weak macroeconomic demand, which could reduce logistics revenue from bulk raw materials[42]. - Significant traffic safety accident risks are present due to the nature of the logistics business, potentially leading to severe consequences including personnel injuries and vehicle losses[42]. - The company has outlined potential risks related to the transportation of hazardous materials, which could lead to legal liabilities[42]. Shareholder Information - The company has not proposed any profit distribution or capital reserve increase for the half-year period[47]. - The first extraordinary general meeting of shareholders in 2017 approved several resolutions related to non-public stock issuance and the feasibility of fund utilization[46]. - The company has committed to not transferring or entrusting shares held by major shareholders for a period of 36 months post-IPO[48]. - The total number of ordinary shareholders as of the end of the reporting period is 12,996[66]. Accounting and Compliance - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial status and operating results accurately[116]. - The company uses RMB as its accounting currency, ensuring consistency in financial reporting[119]. - The company follows specific accounting treatments for mergers and acquisitions, including the recognition of goodwill and adjustments to capital reserves[120][124]. - The company recognizes impairment losses for assets when their recoverable amount is lower than their carrying amount, with losses not reversed in subsequent periods[189].

2017 年第一季度报告 公司代码：603223 公司简称：恒通股份 恒通物流股份有限公司 2017 年第一季度报告 1 / 17 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 6 | 2017 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 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 | 950,115,424.21 | 896,485,084.30 | 5.98 | | | 归属于上市公司 | 650,939,092.06 | 634,087,814.94 | 2.66 | | | 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 | 57,461,303.96 | -7,173,394.74 | | - | ...

Financial Performance - In 2016, the company achieved operating revenue of CNY 2,166,179,145.46, representing a 7.10% increase compared to CNY 2,022,546,962.43 in 2015[22] - The net profit attributable to shareholders of the listed company for 2016 was CNY 58,199,942.84, a 33.22% increase from CNY 43,686,229.58 in 2015[22] - The net profit after deducting non-recurring gains and losses was CNY 50,789,909.11, which increased by 57.39% from CNY 32,270,230.66 in 2015[22] - The basic earnings per share for 2016 was CNY 0.48, up 14.29% from CNY 0.42 in 2015[23] - The total assets of the company at the end of 2016 were CNY 896,485,084.30, reflecting a 5.39% increase from CNY 850,675,070.65 in 2015[22] - The company's cash flow from operating activities was CNY 95,064,076.30, a decrease of 36.33% compared to CNY 149,319,210.50 in 2015[22] - The weighted average return on equity for 2016 was 9.56%, an increase of 0.55 percentage points from 9.01% in 2015[23] - The net assets attributable to shareholders of the listed company increased to CNY 634,087,814.94, an 8.54% rise from CNY 584,173,120.94 in 2015[22] Revenue and Business Segments - The company's main business segments, including road freight logistics and LNG sales, accounted for 96.99% of total revenue, with road freight generating CNY 362.78 million and LNG sales CNY 1.72 billion in 2016[32] - The logistics transportation and LNG sales businesses accounted for 97.12% of the company's main operating revenue in 2016[47] - The logistics transportation business grew by 4.77%, while LNG sales increased by 7.89% in 2016[47] - LNG sales revenue increased by 7.89% compared to the previous year, aligning with industry growth trends[69] Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 95,064,076.30, a decrease of 36.33% from the previous year[45] - Cash and cash equivalents balance at the end of the period decreased by 89.58% to ¥10,516,679.64[62] - The total cash outflow from investing activities was ¥1,061,289,430.80, up 15% from ¥923,680,807.35 in the previous period[166] - Cash inflow from investment activities totaled ¥904,320,715.98, compared to ¥763,163,146.46 in the previous period[166] Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 12,000,000, subject to shareholder approval[5] - The net profit attributable to ordinary shareholders for 2016 was 58,199,942.84 RMB, with a cash dividend payout ratio of 20.62%[86] - The company has maintained its cash dividend policy since its establishment, adhering to regulatory guidelines[83] - The company did not adjust its cash dividend policy during the reporting period[84] Operational Efficiency and Technology - The company is focused on enhancing its logistics efficiency through technology, responding to the competitive landscape of the logistics sector[34] - The company implemented a "cargo source - capacity" information platform to enhance cargo sourcing and operational efficiency[40] - The company invested in safety management technologies, including Mobileye's ADAS, to reduce accident rates and enhance operational safety[40] - The company is focusing on technological innovations, including the use of ADAS and IoT to enhance operational safety and efficiency in logistics[79] Market Trends and Challenges - The logistics industry is experiencing increased demand due to economic growth, with a notable rise in personalized logistics needs such as express and cold chain services[34] - The market for bulk raw material logistics is currently facing oversupply, impacting demand for logistics services[35] - The company faces risks from macroeconomic demand weakness, which could impact logistics and LNG sales revenues[80] Corporate Governance and Management - The management team highlighted a focus on expanding market presence and enhancing operational efficiency to drive future growth[124] - The management emphasized the importance of strategic acquisitions to enhance service offerings and market share[125] - The company remains committed to maintaining high standards of corporate governance and transparency[124] - The independent auditor confirmed that there were no significant deficiencies in internal controls during the reporting period[140] Employee and Shareholder Structure - The number of employees in the parent company was 844, while the total number of employees in the parent company and major subsidiaries was 1,428[130] - The company has established a competitive salary structure, with employee remuneration levels higher than the local industry average[131] - The largest shareholder, Liu Zhendong, holds 40,999,991 shares, representing 34.17% of the total shares, with 23,350,000 shares pledged[112] - The total number of shareholders increased from 13,860 to 14,483 during the reporting period[110] Financial Position and Assets - The company's total liabilities decreased from RMB 229,656,417.25 to RMB 214,412,282.04, representing a reduction of about 6.5%[155] - The total equity attributable to shareholders increased from RMB 584,173,120.94 to RMB 634,087,814.94, marking an increase of approximately 8.6%[155] - The company's fixed assets increased from RMB 389,185,300.45 to RMB 428,523,461.35, reflecting an increase of about 10.1%[153] Future Outlook - Future guidance suggests a projected revenue growth of approximately 10% for the upcoming fiscal year[125] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[173]

[Important Notice](index=3&type=section&id=Item%20I.%20Important%20Notice) [Statement on Report Authenticity](index=3&type=section&id=1.1%20Company%20Board%20of%20Directors,%20Supervisory%20Board,%20Directors,%20Supervisors,%20and%20Senior%20Management%20Guarantee%20the%20Truthfulness,%20Accuracy,%20and%20Completeness%20of%20the%20Quarterly%20Report%20Content) The company's management guarantees the truthfulness, accuracy, and completeness of this unaudited quarterly report, assuming legal responsibility for its content - Company management guarantees the truthfulness, accuracy, and completeness of the report content and assumes corresponding legal responsibility[5](index=5&type=chunk) - This company's Q3 2016 report is unaudited[5](index=5&type=chunk) [Company's Key Financial Data and Shareholder Changes](index=3&type=section&id=Item%20II.%20Company%27s%20Key%20Financial%20Data%20and%20Shareholder%20Changes) [Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) As of September 30, 2016, the company's total assets increased, while Q1-Q3 operating revenue slightly decreased; however, net profit and operating cash flow significantly improved, indicating enhanced profitability and cash generation Key Financial Data for Q1-Q3 2016 | Indicator | Current Period End/Year-to-Date | Prior Year End/Prior Year-to-Date | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 937,036,748.37 RMB | 850,675,070.65 RMB | 10.15% | | Net Assets Attributable to Shareholders of Listed Company | 620,860,182.88 RMB | 584,173,120.94 RMB | 6.28% | | Net Cash Flow from Operating Activities | 90,995,518.53 RMB | 34,836,909.49 RMB | 161.20% | | Operating Revenue | 1,415,537,820.98 RMB | 1,490,822,716.53 RMB | -5.05% | | Net Profit Attributable to Shareholders of Listed Company | 44,664,434.42 RMB | 23,596,822.26 RMB | 89.28% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains/Losses) | 41,173,389.00 RMB | 18,920,471.09 RMB | 117.61% | | Basic Earnings Per Share (RMB/share) | 0.37 | 0.24 | 54.17% | Non-recurring Gains/Losses for Q1-Q3 2016 | Item | Year-to-Date Amount (Jan-Sep) (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -1,432,129.75 RMB | | Government Grants Recognized in Current Profit/Loss | 7,970,746.98 RMB | | Other Non-operating Income and Expenses | -2,339,492.42 RMB | | **Total** | **3,491,045.42 RMB** | [Shareholding Information](index=6&type=section&id=2.2%20Total%20Shareholders,%20Top%20Ten%20Shareholders,%20and%20Top%20Ten%20Circulating%20Shareholders%20(or%20Unrestricted%20Shareholders)%20at%20Period%20End) As of the reporting period end, the company had 7,253 shareholders, with the top two holding significant stakes, both with pledged shares, and individual shareholders forming a notable portion of the top ten - As of the reporting period end, the company had **7,253** shareholders[11](index=11&type=chunk) Top Three Shareholders' Shareholding Information | Shareholder Name | Shareholding Percentage (%) | Shares Held at Period End | Share Status | | :--- | :--- | :--- | :--- | | Liu Zhendong | 34.17 | 40,999,991 | Pledged 23,350,000 | | Yu Jiangshui | 10.43 | 12,520,401 | Pledged 9,200,000 | | Song Jianbo | 8.33 | 9,999,997 | None | [Significant Events](index=7&type=section&id=Item%20III.%20Significant%20Events) [Significant Changes in Key Financial Indicators and Reasons](index=7&type=section&id=3.1%20Significant%20Changes%20in%20Key%20Accounting%20Statement%20Items%20and%20Financial%20Indicators%20of%20the%20Company%20and%20Reasons) During the reporting period, the company's net profit and operating cash flow both significantly increased, driven by hazardous chemical logistics and reduced LNG trade payments, despite a slight revenue decrease due to lower freight and LNG prices Explanation of Significant Financial Indicator Changes | Item | Year-on-Year Change (%) | Primary Reason | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | 89.28% | Due to increased net profit contribution from the company's hazardous chemical logistics business | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains/Losses) | 117.61% | Due to increased net profit contribution from the company's hazardous chemical logistics business | | Net Cash Flow from Operating Activities | 161.20% | Decrease in cash paid for goods and services in the current period, primarily due to reduced payments for LNG trade logistics business | | Operating Revenue | -5.05% | Due to decreased freight prices for the company's road logistics and lower unit sales prices for LNG | [Fulfillment of Commitments](index=8&type=section&id=3.3%20Fulfillment%20of%20Commitments%20by%20the%20Company%20and%20Shareholders%20Holding%205%25%20or%20More) During the reporting period, the company and shareholders holding 5% or more strictly fulfilled their commitments, with no breaches observed - The company and shareholders holding 5% or more have fulfilled their commitments[15](index=15&type=chunk) [Appendix](index=8&type=section&id=Item%20IV.%20Appendix) [Financial Statements](index=8&type=section&id=4.1%20Financial%20Statements) This appendix includes the company's unaudited Q3 2016 consolidated and parent company balance sheets, income statements, and cash flow statements, detailing the financial position, operating results, and cash flows for the reporting period [Consolidated Balance Sheet](index=8&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2016, consolidated total assets were **937 million RMB**, up **10.15%** from year-start; total liabilities were **270 million RMB**, and equity attributable to parent company shareholders was **621 million RMB**, maintaining a stable asset-liability structure Key Items of Consolidated Balance Sheet | Item | Balance at Period End (RMB) | Balance at Year Start (RMB) | | :--- | :--- | :--- | | Total Assets | 937,036,748.37 | 850,675,070.65 | | Total Liabilities | 270,132,129.92 | 229,656,417.25 | | Total Equity Attributable to Parent Company Shareholders | 620,860,182.88 | 584,173,120.94 | | Total Liabilities and Equity | 937,036,748.37 | 850,675,070.65 | [Consolidated Income Statement](index=13&type=section&id=Consolidated%20Income%20Statement) For Q1-Q3 2016, total operating revenue was **1.416 billion RMB**, a **5.05%** year-on-year decrease; net profit attributable to parent company shareholders was **44.66 million RMB**, up **89.28%** year-on-year, indicating significantly improved profitability, with basic earnings per share at **0.37 RMB** Key Items of Consolidated Income Statement (Year-to-Date) | Item | Jan-Sep 2016 (RMB) | Jan-Sep 2015 (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 1,415,537,820.98 | 1,490,822,716.53 | | Total Operating Costs | 1,350,431,383.72 | 1,464,247,215.65 | | Total Profit | 72,347,837.64 | 32,810,635.77 | | Net Profit | 53,863,337.53 | 24,607,893.73 | | Net Profit Attributable to Parent Company Shareholders | 44,664,434.42 | 23,596,822.26 | | Basic Earnings Per Share (RMB/share) | 0.37 | 0.24 | [Consolidated Cash Flow Statement](index=17&type=section&id=Consolidated%20Cash%20Flow%20Statement) For Q1-Q3 2016, net cash flow from operating activities was **91 million RMB**, a significant **161.20%** year-on-year increase; net cash outflow from investing activities was **136 million RMB**, and from financing activities was **12.08 million RMB**, with cash and cash equivalents at period end totaling **43.41 million RMB** Key Items of Consolidated Cash Flow Statement (Year-to-Date) | Item | Jan-Sep 2016 (RMB) | Jan-Sep 2015 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 90,995,518.53 | 34,836,909.49 | | Net Cash Flow from Investing Activities | -136,454,573.74 | -98,638,421.06 | | Net Cash Flow from Financing Activities | -12,078,921.12 | 55,290,610.69 | | Net Increase in Cash and Cash Equivalents | -57,537,976.33 | -8,510,900.88 | | Cash and Cash Equivalents at Period End | 43,413,312.55 | 44,872,665.65 | [Audit Report](index=20&type=section&id=4.2%20Audit%20Report) This quarterly financial report is unaudited - The report explicitly states that this quarterly financial statement is unaudited[35](index=35&type=chunk)