Financial Performance - The company's operating revenue for Q1 2022 was ¥1,189,860,768.03, a decrease of 21.54% compared to ¥1,516,574,942.57 in the same period last year[6]. - Net profit attributable to shareholders was ¥10,002,034.67, down 83.61% from ¥63,515,463.91 year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥3,994,398.72, reflecting a decline of 91.31% compared to ¥48,460,847.86 in the previous year[6]. - Basic and diluted earnings per share were both ¥0.04, down 81.82% from ¥0.22 in the previous year[8]. - The weighted average return on equity decreased to 0.82%, down from 5.03% year-on-year[8]. - Total revenue for Q1 2022 was ¥1,189,860,768.03, a decrease of 21.5% from ¥1,516,574,942.57 in Q1 2021[35]. - Net profit for Q1 2022 was ¥13,064,806.65, a decline of 83.0% compared to ¥76,914,661.93 in Q1 2021[39]. - The total comprehensive income attributable to the parent company was 10,002,034.67 RMB, down from 61,031,042.81 RMB in the same quarter last year, a decline of about 83.7%[45]. - The company reported a total comprehensive income of 13,064,806.65 RMB, compared to 76,914,661.93 RMB in Q1 2021, indicating a decrease of approximately 83.0%[45]. Cash Flow and Liquidity - Cash flow from operating activities was negative at -¥38,635,918.44, a significant drop from ¥136,298,791.27 in the same period last year, representing a decrease of 130.45%[6]. - In Q1 2022, the company reported a net cash flow from operating activities of -38,635,918.44 RMB, a decrease from 126,889,615.16 RMB in Q1 2021[45]. - The company incurred total cash outflows from operating activities of 1,256,338,718.96 RMB, compared to 1,501,315,767.38 RMB in Q1 2021, indicating a reduction of about 16.3%[45]. - Cash inflows from investment activities totaled 63,600.00 RMB, significantly lower than 525,308,724.25 RMB in Q1 2021, marking a decline of over 99%[45]. - The net cash flow from financing activities was 106,272,102.79 RMB, a recovery from a negative cash flow of -87,691,568.52 RMB in the previous year[47]. - The company’s cash and cash equivalents at the end of the period stood at 340,598,435.36 RMB, slightly down from 354,753,112.23 RMB at the end of Q1 2021[47]. - The company's cash and cash equivalents were reported at 402,164,945.66 RMB, an increase from 379,374,725.40 RMB year-over-year[29]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,814,090,306.99, an increase of 4.28% from ¥1,739,566,817.64 at the end of the previous year[8]. - Current liabilities rose to ¥506,857,615.37, an increase of 13.5% from ¥446,524,201.23 in the previous year[35]. - The total accounts receivable increased to 199,753,531.80 RMB from 114,341,364.61 RMB, reflecting a significant rise of approximately 74.8%[29]. - The total equity attributable to shareholders increased to ¥1,219,882,410.51 from ¥1,208,400,302.71, a growth of 0.6%[35]. - The company reported a significant increase in long-term equity investments, rising to 139,463,446.38 RMB from 136,456,107.72 RMB[29]. Operational Performance - The company experienced a 54.01% decrease in sales expenses due to reduced performance bonuses and travel expenses amid the pandemic[16]. - Investment income increased by 1,144.39%, driven by higher earnings from joint ventures[16]. - In Q1 2022, the average price of LNG in China was 6,326.44 RMB/ton, an increase of 43.85% year-over-year[20]. - LNG consumption reached 6.2148 million tons, a decrease of 23.87% compared to the previous quarter due to high prices suppressing downstream demand[20]. - In March 2022, the domestic logistics and terminal demand were significantly impacted by the pandemic, leading to a substantial drop in LNG prices[21]. - The overall market sentiment remained cautious, with price fluctuations observed due to regional price differences and high receiving station prices[21]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,437, with the top ten shareholders holding a combined 72.57% of shares[22]. - Liu Zhendong, the largest shareholder, held 58,513,614 shares, representing 20.73% of the total shares[22]. Research and Development - Research and development expenses were not detailed but are essential for future product development and innovation[39]. - The company is focusing on market expansion strategies, although specific initiatives were not disclosed in the report[39].

Financial Performance - The company's operating revenue for 2021 was CNY 7,082,350,715.12, representing a 26.55% increase compared to CNY 5,596,526,645.12 in 2020[27]. - The net profit attributable to shareholders for 2021 was CNY 99,263,555.21, a decrease of 18.50% from CNY 121,791,144.43 in 2020[27]. - The net cash flow from operating activities decreased by 35.58% to CNY 199,363,454.51 in 2021 from CNY 309,473,100.90 in 2020[27]. - The total assets at the end of 2021 were CNY 1,739,566,817.64, down 8.91% from CNY 1,909,667,702.21 at the end of 2020[27]. - The basic earnings per share for 2021 was CNY 0.35, a decline of 18.60% compared to CNY 0.43 in 2020[27]. - The weighted average return on net assets for 2021 was 8.21%, a decrease of 2.96 percentage points from 11.17% in 2020[27]. - The company's operating costs rose to CNY 6,843,802,000, an increase of 29.94% year-on-year[40]. - The net profit decreased by 28.38% to CNY 114.12 million year-on-year[74]. Shareholder Actions - The company plans to distribute a cash dividend of 1.10 CNY per 10 shares, totaling approximately 31,046,400 CNY (including tax) to shareholders[10]. - The company will increase its share capital by 4 shares for every 10 shares held, resulting in a total share capital of 395,136,000 shares after the increase[10]. - The company approved a plan for employee stock ownership in the third extraordinary general meeting of 2021[130]. - The company has a shareholder return plan for the next three years (2021-2023) that was approved during the board meeting[148]. Audit and Compliance - The company has received a standard unqualified audit report from Heshin Accounting Firm, ensuring the accuracy and completeness of the financial report[9]. - The company has implemented a performance evaluation mechanism for senior management, linking their compensation to performance outcomes, ensuring accountability and motivation[172]. - The company has established an effective internal control system in accordance with the "Basic Norms for Enterprise Internal Control" and related guidelines, evaluating its effectiveness as of December 31, 2021[172]. - The company has maintained compliance with corporate governance standards, with no issues requiring rectification identified during self-inspection[167]. Market and Industry Trends - The average price of LNG in 2021 was CNY 4,981 per ton, up CNY 1,642 per ton or 49% from 2020[41]. - The total social logistics volume in 2021 reached CNY 335.2 trillion, a year-on-year growth of 9.2%[48]. - The logistics industry in China showed solid recovery in 2021, driven by stable economic recovery and improved supply chain resilience[48]. - The clean energy industry is experiencing new development under the "carbon peak and carbon neutrality" initiative, with a focus on optimizing energy structure and accelerating the construction of carbon trading markets[102]. Operational Developments - The company is focusing on expanding its LNG trade business, leveraging its brand influence and market recognition[51]. - The company operates 10 LNG refueling stations, with 9 currently in operation, to capture the vehicle LNG market during low-price periods[58]. - The company has established a comprehensive LNG supply chain, integrating transportation, storage, and refueling operations to mitigate price volatility risks[62]. - The company is adapting to the global energy transition towards low-carbon and carbon-neutral goals, aligning with national policies[40]. Risk Management - The company faces risks from macroeconomic fluctuations that could impact LNG sales and logistics revenue, as well as potential safety incidents during transportation[118]. - The company has detailed potential risks and countermeasures in its management discussion and analysis section[10]. - The company has implemented measures to ensure independence from its controlling shareholders in terms of assets, personnel, finance, and operations[127]. Governance and Management - The company has a diverse management team with extensive experience in logistics and finance, contributing to strategic decision-making[136]. - The company continues to focus on maintaining a strong governance structure with independent directors ensuring accountability and transparency[136]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 4.6779 million yuan (pre-tax)[145]. - The company has maintained a stable leadership structure with no changes in the number of shares held by current directors and supervisors[133]. Strategic Initiatives - The company is focusing on market expansion strategies, particularly in the logistics sector, to enhance operational efficiency[146]. - The company has initiated a new product development strategy aimed at launching three innovative logistics solutions by Q3 2021[146]. - The company plans to enhance LNG trade by strengthening cooperation with upstream suppliers and optimizing procurement and transportation efficiency to maintain competitive advantages in the LNG market[115].

1 | --- | --- | --- | |-------------------|----------------------------------------------------------------------|---------------------| | | | | | 股票代码： 603223 | 股票简称：恒通股份 | 公告编号： 2021-069 | | | 恒通物流股份有限公司 | | | 关于召开 | 2021 年度投资者网上集体接待日活动的公告 | | | | 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 | | | | 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 | | 重要内容提示： 活动时间：2021 年 11 月 16 日（星期二）14:00-16:00 活动形式：通过全景网平台线上交流 活动网址：全景·路演天下 http://rs.p5w.net/ 参加人员：董事会秘书王仁权先生、证券事务代表宋之文先生 一、活动类型 为进一步加强与投资者的互动交流，使广大投资者能更深入全面地了解公司 情况，恒通物流股份有限公司（以下简 ...

Revenue and Profitability - Revenue for Q3 2021 reached ¥1,869,082,191.44, an increase of 29.38% compared to the same period last year[7] - Net profit attributable to shareholders was -¥7,685,570.93, a decrease of 118.89% year-on-year[7] - The net profit after deducting non-recurring gains and losses was -¥12,675,334.15, down 132.09% from the previous year[7] - Basic and diluted earnings per share were both -¥0.02, a decline of 114.29% compared to the same period last year[10] - Net profit for the third quarter of 2021 was CNY 83,000,969.79, slightly down from CNY 86,525,061.55 in the same quarter of 2020, reflecting a decrease of approximately 4.4%[33] - Earnings per share for the third quarter of 2021 were CNY 0.26, compared to CNY 0.23 in the same quarter of 2020, showing an increase of about 13%[35] Cash Flow - Cash flow from operating activities was not applicable, with a significant decrease of 97.70% year-to-date[10] - Cash inflow from operating activities for the first three quarters of 2021 totaled CNY 5,760,190,371.18, up from CNY 4,316,005,704.56 in 2020, marking an increase of approximately 33.4%[35] - The net cash flow from operating activities was $6,183,024.08, a decrease from $269,327,692.30 in the previous year[37] - Total cash outflow from operating activities amounted to $5,754,007,347.10, compared to $4,046,678,012.26 last year[37] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,645,610,495.30, a decrease of 7.05% from the end of the previous year[10] - The company's current assets totaled ¥831,301,769.31, down from ¥866,703,294.23, indicating a decrease of about 4.07%[21] - The company's total liabilities decreased from ¥522,152,029.22 to ¥355,696,657.32, a reduction of approximately 31.9%[24] - The total liabilities as of the end of the reporting period were CNY 367,093,239.87, a decrease from CNY 535,189,810.33 in the previous year[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,973[15] - Major shareholders included Liu Zhendong with 20.73% and Nanshan Group with 20.30% of shares, both of which are pledged[15] Operating Costs and Expenses - The company experienced a significant increase in operating costs, impacting net profit margins[14] - Total operating costs for the first three quarters of 2021 were CNY 5,100,638,035.48, compared to CNY 3,777,211,724.08 in 2020, indicating an increase of about 35%[29] - The company reported a financial expense of CNY -3,588,624.72 in the third quarter of 2021, a significant improvement compared to CNY 9,741,687.62 in the same period of 2020[29] Inventory and Receivables - Accounts receivable increased from ¥132,441,960.69 to ¥177,336,538.49, reflecting a growth of about 33.8%[21] - The company's inventory decreased from ¥7,972,806.27 to ¥3,379,724.71, a reduction of about 57.6%[21] Cash and Cash Equivalents - Cash and cash equivalents decreased significantly from ¥382,661,604.94 to ¥217,217,545.89, a reduction of approximately 43.3%[21] - The ending cash and cash equivalents balance was $182,217,545.89, a decrease from $225,014,065.61 in the previous year[37] - The net increase in cash and cash equivalents was -$72,648,340.15, compared to an increase of $93,142,335.69 last year[37] Investments - The company's long-term equity investments decreased from ¥169,117,282.80 to ¥135,445,202.06, a decline of approximately 19.88%[21] - The net cash flow from investing activities was $71,425,683.19, a significant improvement from -$137,843,083.14 in the previous year[37] - Cash inflow from investing activities totaled $897,320,969.71, down from $1,240,698,825.70 year-over-year[37] - Cash outflow from investing activities was $825,895,286.52, compared to $1,378,541,908.84 last year[37] Deferred Income - The company’s deferred income decreased from CNY 13,037,781.11 to CNY 11,396,582.55, representing a decline of about 12.6%[26]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥3,294,998,145.41, representing a 36.02% increase compared to ¥2,422,483,474.98 in the same period last year[23]. - Net profit attributable to shareholders for the first half of 2021 was ¥79,786,432.86, a significant increase of 214.26% from ¥25,388,868.23 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥55,769,751.73, up 143.21% from ¥22,931,032.76 year-on-year[23]. - The net cash flow from operating activities was ¥95,292,466.66, a dramatic increase of 1,200.02% compared to ¥7,330,105.06 in the same period last year[23]. - Basic earnings per share for the first half of 2021 were ¥0.28, up 211.11% from ¥0.09 in the same period last year[26]. - The weighted average return on net assets increased to 6.68%, up 4.24 percentage points from 2.44% in the previous year[26]. - The company reported a significant increase in diluted earnings per share, which also stood at ¥0.28, reflecting the same growth rate as basic earnings per share[26]. Asset and Liability Management - The company's total assets at the end of the reporting period were ¥1,681,456,482.44, a decrease of 5.03% from ¥1,770,502,853.85 at the end of the previous year[23]. - The net assets attributable to shareholders at the end of the reporting period were ¥1,190,374,565.60, reflecting a 3.27% increase from ¥1,152,667,778.69 at the end of the previous year[23]. - Short-term borrowings decreased by 65.51% to ¥80 million, attributed to a reduction in note loans[72]. - Cash and cash equivalents decreased by 9.89% to approximately ¥344.83 million, representing 20.51% of total assets[70]. - Accounts receivable decreased by 12.72% to approximately ¥115.59 million, accounting for 6.87% of total assets[70]. - Total liabilities decreased to ¥392,498,952.41 from ¥535,189,810.33, a reduction of approximately 26.6%[154]. Market and Operational Insights - The clean energy segment focuses on LNG trade, logistics, and the construction and operation of LNG refueling stations, contributing to the company's diversified business model[32]. - In the first half of 2021, the apparent consumption of natural gas reached 182.7 billion cubic meters, representing a year-on-year increase of 17.4%[34]. - The logistics sector saw a total social logistics volume of RMB 150.9 trillion in the first half of 2021, with a comparable growth of 15.7%[36]. - The industrial product logistics volume increased by 15.9% year-on-year, driven by domestic demand recovery and high international demand[37]. - The company aims to expand its market presence in key natural gas consumption areas, including North, East, and South China[42]. - The company is positioned to benefit from favorable LNG market conditions due to limited domestic gas field production and controlled overseas imports[34]. Strategic Developments - The company has outlined potential risks in its operations and has provided measures to address these risks in the management discussion section[7]. - The company has established a wholly-owned subsidiary, Longkou Yuhai Plastic Technology Co., Ltd., with a registered capital of 1 million yuan, focusing on new materials technology research and development[85]. - The company plans to implement an employee stock ownership plan, as indicated in a recent announcement[96]. - The company has committed to maintaining its independence in operations, assets, and finances following the equity changes, ensuring no impact on its independent business capabilities[108]. - The company has established a shareholding plan for employees, although specific details were not disclosed in the current report[105]. Governance and Compliance - The company experienced significant changes in its board and management, with multiple resignations and elections, including the election of Li Hongbo as the chairman of the board[92]. - The company has committed to strict compliance with relevant regulations regarding related party transactions to protect the interests of all shareholders[111]. - The company will announce any planned share reductions three trading days in advance, ensuring transparency in its stock transactions[112]. - The company has a lock-up period for shares, allowing a maximum reduction of 5% of the total shares held per year for two years after the lock-up period[113]. - The company has not reported any significant changes in its employee stock ownership plan or other incentive measures[104]. Financial Transactions and Investments - The company reported a financial service transaction with Nanshan Group Financial Co., which optimized cash settlement processes and reduced financial costs[125]. - The company acquired a property from Gerenfude Agricultural Technology Co. for 1,076,054.05 RMB to meet operational needs[126]. - The company sold idle furniture to Gerenfude Agricultural Technology Co., generating a profit of 81,631.71 RMB[126]. - The maximum daily deposit limit with Nanshan Group Financial Co. was set at 160 million RMB, with an interest rate range of 0.35%-1.1%[129]. - The company had a total of 3.65 billion RMB in deposits with Nanshan Group Financial Co. during the reporting period[129]. Risk Factors - The company faces risks from weak macroeconomic demand, which could impact logistics and LNG sales revenue[82]. - The company reported a significant increase in other current liabilities by 90.73% to approximately ¥61.63 million, due to an increase in endorsed but unexpired notes receivable[72]. - The company reported that LNG customers are primarily industrial users, and any increase in LNG prices could lead to a decrease in market demand as customers switch to alternative energy sources[84].

Financial Performance - Net profit attributable to shareholders was CNY 63,515,463.91, a significant increase from a net loss of CNY 4,721,457.83 in the same period last year[18]. - Operating revenue for the quarter was CNY 1,516,574,942.57, representing a growth of 67.83% year-on-year[18]. - Basic and diluted earnings per share were both CNY 0.23, compared to a loss of CNY 0.02 per share in the same period last year[18]. - The company achieved a total profit of $98,899,911.96 in Q1 2021, compared to a total loss of $5,191,640.88 in Q1 2020[58]. - The company reported a significant increase in other income, totaling $3,017,328.29 in Q1 2021, up from $1,059,243.15 in Q1 2020[56]. - The company reported a significant improvement in investment income, with a loss of -$287,951.69 in Q1 2021, compared to a gain of $2,292,641.50 in Q1 2020[56]. Cash Flow - Net cash flow from operating activities was CNY 136,298,791.27, a remarkable increase of 700.81% compared to the previous year[18]. - Cash inflow from operating activities totaled 1,628,138,628.02 CNY, compared to 1,047,259,358.49 CNY in the same period last year, representing a year-over-year increase of approximately 55.5%[66]. - The net cash flow from investing activities was 75,990,697.93 CNY, a recovery from -55,993,848.86 CNY in the previous year[66]. - The total cash outflow from financing activities was 122,109,084.50 CNY, compared to 116,578,481.61 CNY in the same period last year[68]. - The company received cash from investment recoveries totaling 426,000,000.00 CNY, compared to 410,100,000.00 CNY in the previous year[66]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,810,129,788.60, an increase of 2.24% compared to the end of the previous year[18]. - Total liabilities decreased from ¥535,189,810.33 to ¥494,268,174.25, a reduction of approximately 7.5%[46]. - Total equity increased from ¥1,235,313,043.52 to ¥1,315,861,614.35, reflecting a growth of about 6.5%[46]. - Current liabilities totaled CNY 481,814,532.58, a decrease from CNY 522,152,029.22 year-on-year[44]. - Accounts receivable decreased from ¥36,150,288.37 to ¥20,951,374.53, a decline of about 42%[50]. Market and Operational Insights - The company experienced significant fluctuations in LNG market prices, with January prices rising by 76% year-on-year before dropping to around CNY 3,000 in February[21]. - The company achieved dual growth in LNG sales and transportation business during the reporting period[21]. - The company's operating costs rose by 59.27% year-on-year, totaling approximately 1.40 billion RMB, primarily due to increased business volume[35]. - Sales expenses increased by 168.90% year-on-year due to increased business volume[38]. - Management expenses rose by 33.74% year-on-year, also attributed to increased business volume[38]. Shareholder Information - The total number of shareholders at the end of the reporting period and the shareholding status of the top ten shareholders were documented[27]. - The number of shareholders at the end of the period was 8,123, with the top ten shareholders holding a significant portion of shares[28].

Financial Performance - The company's operating revenue for 2020 was approximately ¥5.60 billion, a decrease of 20.46% compared to ¥7.04 billion in 2019[22]. - Net profit attributable to shareholders increased significantly by 4,680.50% to approximately ¥122.67 million from ¥2.57 million in the previous year[25]. - The net cash flow from operating activities rose by 552.88% to approximately ¥306.28 million, driven by the increase in net profit[25]. - The company's total assets at the end of 2020 were approximately ¥1.77 billion, reflecting a 10.01% increase from ¥1.61 billion at the end of 2019[22]. - Basic earnings per share for 2020 were ¥0.43, a substantial increase from ¥0.01 in 2019, representing a growth of 4,200%[22]. - The weighted average return on equity increased to 11.24% in 2020, up by 10.99 percentage points from 0.25% in 2019[22]. - The company achieved operating revenue of ¥5,596,526,645.12, a decrease of 20.46% compared to the previous year[75]. - Net profit attributable to shareholders increased by 4,680.50% to ¥122,669,112.48[75]. - The net cash flow from operating activities increased significantly by 552.88% to ¥306,277,062.91 from ¥46,911,509.91 year-on-year[78]. - The company's total operating costs decreased by 23.52% to ¥5,266,797,935.14 from ¥6,886,744,616.08 year-on-year[78]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares, totaling 42,336,000 RMB (including tax) to shareholders[7]. - The company has a stable cash dividend policy, distributing 0.003 RMB per share in 2019, which accounted for 33% of the net profit attributable to shareholders[119]. - In 2020, the cash dividend amount was 42,336,000 RMB, representing 34.51% of the net profit attributable to shareholders[122]. - The total number of ordinary shareholders at the end of the reporting period was 8,334, an increase from 8,121 at the end of the previous month[154]. - The top ten shareholders hold a total of 61.72% of the shares, indicating a concentrated ownership structure[154]. Audit and Compliance - The company has received a standard unqualified audit report from He Xin Accounting Firm[6]. - The company has not violated decision-making procedures for external guarantees[7]. - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal standing[132]. - The company has implemented changes in accounting policies effective from January 1, 2020, which only affect the presentation of financial statement items without impacting profit or net assets[129]. - The company disclosed the internal control self-assessment report for the year 2020, approved by the board of directors[199]. - There were no significant deficiencies in internal control during the reporting period[199]. - The internal control audit report was disclosed, confirming compliance with relevant regulations[199]. Business Operations and Strategy - The company has a comprehensive logistics park located in Longkou Economic Development Zone, Shandong Province[17]. - The company operates under the supervision of Dongxing Securities Co., Ltd. for continuous guidance until all raised funds are utilized[21]. - The company plans to expand its clean energy and logistics operations, leveraging its integrated business model of "clean energy + physical logistics + internet logistics"[31]. - The company’s logistics segment includes a fully-owned subsidiary, Yidian Technology, which operates a network freight platform that facilitates real-time monitoring and efficient coordination among shippers, carriers, and drivers[34]. - The company plans to strengthen cooperation with upstream gas sources and expand its market coverage in key natural gas consumption areas[70]. - The company aims to leverage the advantages of Longkou Port and Qimu Island Port to undertake bulk cargo transportation and port operations, while also optimizing management processes to reduce operational costs and improve profit margins[104]. - The company is actively seeking partnerships to enhance its logistics capabilities and expand its service offerings in the market[177]. Market and Industry Insights - The total social logistics volume in China reached 300.1 trillion yuan in 2020, representing a year-on-year growth of 3.5%, while the logistics industry revenue was 10.5 trillion yuan, up 2.2%[43]. - The top 50 logistics companies in China achieved a revenue of 1.1 trillion yuan in logistics business, marking a 15% year-on-year increase[46]. - The proportion of natural gas consumption in China's total energy consumption is expected to rise from 8% currently to around 15% by 2030[98]. - The logistics market is expected to maintain rapid growth in 2021, driven by economic recovery and low base effects[99]. - The company anticipates accelerated growth in LNG consumption as natural gas plays a crucial role in achieving carbon neutrality[97]. Risks and Challenges - The company faces risks from macroeconomic demand weakness, which could impact logistics and LNG sales revenues[112]. - The company has not faced any risks of suspension or termination of listing during the reporting period, reflecting a stable operational status[132]. Management and Governance - The management team includes experienced professionals with backgrounds in logistics and finance, enhancing the company's operational capabilities[176]. - The company has appointed independent directors with diverse expertise, which may strengthen governance and strategic decision-making[179]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 6.6587 million yuan (pre-tax)[181]. - The company has established a comprehensive mechanism for the selection, assessment, and incentive of senior management personnel[198]. - The compensation and assessment committee evaluates senior management based on performance metrics and company operational status[181]. Subsidiaries and Related Transactions - The company has established subsidiaries including Yidian Technology Co., Ltd. and Huaheng Energy Co., Ltd.[11]. - The company reported a total of 6,458,034.68 RMB in transactions for beef and milk purchases, accounting for 67.34% of similar transactions[136]. - The company engaged in transactions with its wholly-owned subsidiary, Yantai Nanshan Vineyard Co., Ltd., amounting to 201,296.00 RMB for wine purchases, representing 4.42% of similar transactions[136]. - The company recorded 75,962,175.35 RMB in logistics service fees from the village committee, which is 10.90% of similar transactions[138].

2020 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 2020 年第三季度报告 1 / 28 2020 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 28 2020 年第三季度报告 单位：元 币种：人民币 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徐洪晓及会计机构负责人（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。 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 | --- | --- | --- | --- | |----------------------------------------------|------------------------------|------------------------------------|---- ...

股票代码：603223 股票简称：恒通股份 公告编号：2020-049 1 恒通物流股份有限公司 关于参加"山东辖区上市公司 2020 年度投资者网上 集体接待日活动"的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强恒通物流股份有限公司（以下简称"公司"）与投资者尤其是 中小投资者的沟通交流，提升公司投资者关系管理水平，保护投资者权益，公司 将于 2020 年 9 月 29 日参加由山东证监局、山东上市公司协会与深圳市全景网络 有限公司联合举办的"山东辖区上市公司 2020 年度投资者网上集体接待日活动"， 现将有关事项公告如下： 一、本次投资者网上集体接待日活动将采取网络远程参与形式。 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台举行，届时投资者可以登陆"全景·路演天下"网站（http://rs.p5w.net） 参与本次活动。 二、活动时间为 2020 年 9 月 29 日（星期二）15:00-16:55。 三、出席本次网上集体接待日的人员为本公司董事会秘书朱奇先生。欢 ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 2,422,483,474.98, a decrease of 30.85% compared to the same period last year[17]. - Net profit attributable to shareholders of the listed company reached CNY 25,388,868.23, an increase of 119.85% year-on-year[17]. - The net profit after deducting non-recurring gains and losses was CNY 22,931,032.76, reflecting a significant increase of 1,693.09% compared to the previous year[17]. - The net cash flow from operating activities was CNY 7,330,105.06, a turnaround from a negative cash flow of CNY -19,254,303.75 in the same period last year, representing an increase of 138.07%[17]. - Basic earnings per share for the first half of 2020 were CNY 0.09, a 125.00% increase compared to CNY 0.04 in the same period last year[18]. - The weighted average return on net assets was 2.44%, an increase of 1.33 percentage points year-on-year[18]. - The company achieved a net profit of approximately 25.39 million yuan, an increase of 119.85% compared to the same period last year[36]. - LNG trade and logistics business generated a net profit of approximately 55.08 million yuan, up 168.31% year-on-year[36]. - Traditional logistics transportation business net profit reached approximately 10.01 million yuan, a growth of 194.53% compared to last year[36]. - Operating revenue decreased by 30.85% year-on-year, totaling approximately 2.42 billion yuan[37]. - Operating costs also fell by 32.67% year-on-year, amounting to approximately 2.31 billion yuan[37]. - The company reported a significant increase in financing cash flow, up 798.19% to approximately 54.58 million yuan[37]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 1,850,006,224.07, an increase of 14.95% compared to the end of the previous year[17]. - The net assets attributable to shareholders of the listed company increased to CNY 1,054,874,158.50, up by 2.46% from the previous year[17]. - Total current assets increased to ¥868,154,663.29 as of June 30, 2020, up from ¥647,879,637.44 at the end of 2019, representing a growth of approximately 34.0%[94]. - Total liabilities increased to ¥716,611,021.19 from ¥512,672,695.44, reflecting a growth of approximately 39.7%[99]. - The company's total non-current assets amounted to ¥981,851,560.78, up from ¥961,534,324.79, reflecting an increase of about 2.9%[97]. - Short-term borrowings increased significantly to ¥470,960,000.00 from ¥320,000,000.00, representing a growth of about 47.2%[97]. - The total owner's equity rose to ¥1,133,395,202.88 from ¥1,096,741,266.79, indicating an increase of approximately 3.3%[99]. Business Operations - The company operates in the LNG and gas business, including LNG trade and logistics, LNG refueling station construction and operation, and LPG distribution[26]. - The company’s logistics segment includes traditional logistics services, providing road transportation for various goods[26]. - The company has developed an "Internet + Vehicle Networking + Logistics" business model, enhancing traditional logistics with technology[26]. - The LNG business is positioned within the natural gas energy sector, which is crucial for improving energy structure and environmental protection in China[26]. - The demand for natural gas in China is steadily increasing due to its clean, economical, and safe characteristics[26]. - The company’s subsidiary, Yidian Technology, is a pioneer in the non-vehicle carrier logistics pilot program initiated by the Ministry of Transport[26]. - The company’s other main businesses include driving school training, warehousing, hoisting services, and vehicle leasing[26]. Risks and Challenges - The company faces risks from weak macroeconomic demand, which could impact logistics and LNG sales revenue[54]. - There is a significant risk of major safety incidents during operations, particularly in road transport, which could lead to severe financial and operational consequences[54]. - Fluctuations in energy prices, particularly low international crude oil prices, may affect the demand for LNG in the vehicle market[54]. - The ongoing public health crisis poses a risk to the company's operations, as previous lockdowns and restrictions have impacted production activities[54]. Shareholder and Capital Structure - The total number of common shareholders at the end of the reporting period was 9,211[83]. - The largest shareholder, Liu Zhendong, reduced his holdings by 4,087,134 shares, holding a total of 77,655,550 shares, representing 27.51% of the total[83]. - Nanshan Group Co., Ltd. increased its holdings by 20,608,136 shares, holding a total of 20,608,136 shares, representing 7.30% of the total[83]. - The company appointed new executives, including Xu Hongxiao as CFO and Li Jiaguo as Deputy General Manager[89]. - The company has not disclosed any plans for profit distribution or capital reserve transfer to increase share capital during the reporting period[4]. Financial Management and Accounting - The company adheres to the accounting standards for enterprises, ensuring that its financial statements reflect a true and complete picture of its financial status and operational results[165]. - The accounting period for Hengtong Logistics runs from January 1 to December 31 each year[166]. - The company uses RMB as its accounting currency[168]. - The company has undergone private placements and capital reserve conversions to increase its share capital over the years[157]. - The company will consolidate all subsidiaries into the consolidated financial statements based on control[179]. Environmental and Regulatory Compliance - The company has not disclosed any environmental information for non-key pollutant discharge units[80]. - There were no significant lawsuits or arbitration matters during the reporting period[66]. - The company maintained a good integrity status during the reporting period, with no significant debts or court judgments unfulfilled[66].