2020 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 2020 年第一季度报告 1 / 19 2020 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 19 2020 年第一季度报告 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 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|--------------- ...

Financial Performance - The company's operating revenue for 2019 was approximately RMB 7.04 billion, an increase of 16.44% compared to RMB 6.04 billion in 2018[26]. - The net profit attributable to shareholders of the listed company decreased by 94.55% to RMB 2.57 million in 2019 from RMB 47.07 million in 2018[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was negative RMB 18.14 million, a decrease of 230.13% compared to RMB 13.94 million in 2018[26]. - The net cash flow from operating activities increased by 477.45% to RMB 46.91 million in 2019 from a negative RMB 12.43 million in 2018[26]. - The basic earnings per share for 2019 was RMB 0.01, down 94.44% from RMB 0.18 in 2018[26]. - The diluted earnings per share also decreased by 94.44% to RMB 0.01 in 2019 from RMB 0.18 in 2018[26]. - The weighted average return on net assets dropped by 4.53 percentage points to 0.25% in 2019 from 4.78% in 2018[26]. - The total assets at the end of 2019 were approximately RMB 1.61 billion, a decrease of 3.74% from RMB 1.67 billion at the end of 2018[26]. Dividend Distribution - The company plans to distribute a cash dividend of 0.03 CNY per share, totaling 846,720 CNY based on a total share capital of 28,224,000 shares[7]. - The company reported a cash dividend of 0.03 RMB per share for 2019, with a total cash dividend amounting to 846,720 RMB, representing 33% of the net profit attributable to shareholders[109]. Audit and Compliance - The company received a standard unqualified audit report from He Xin Accounting Firm[6]. - The company has appointed He Xin Accounting Firm (Special General Partnership) for auditing services with a fee of RMB 1 million and has been with the firm for 8 years[120]. - The independent auditor confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2019[187]. - The auditor aims to obtain reasonable assurance that the financial statements are free from material misstatement due to fraud or error[197]. - The company did not report any significant deficiencies in internal controls during the reporting period[181]. Business Operations - The company is engaged in LNG and gas business, including trade, logistics, and construction of LNG refueling stations[38]. - The company has a comprehensive logistics park located in Longkou City, Shandong Province, which serves as its operational base[21]. - The company's logistics services include warehousing, driving school training, hoisting services, and vehicle leasing, enhancing its operational capabilities[39]. - The company is focusing on expanding its LNG trade and logistics operations, leveraging its existing infrastructure and partnerships with major clients[60]. - The company is transitioning towards an "Internet + Logistics" model, enhancing operational efficiency and reducing costs through digital platforms[60]. Market Trends - In 2019, China's shale gas production reached 15.4 billion cubic meters, a year-on-year increase of 41.5%, while coalbed methane production was 8.88 billion cubic meters, up 22.3%[41]. - Natural gas consumption growth rate in 2019 decreased to 9.4%, down from previous years' high growth rates of 15.3% and 18.1%[40]. - The overall natural gas production in China for 2019 was 176.17 billion cubic meters, reflecting a 10% year-on-year growth[45]. - The natural gas import dependency rate decreased from 44.5% in 2018 to 43.4% in 2019, indicating a downward trend[42]. - The logistics transportation industry is experiencing a shift towards more integrated and efficient operations due to the rise of non-vehicle carriers and internet technologies[49]. Shareholder Information - The total number of ordinary shares increased to 282,240,000 after a capital reserve conversion, with a cash dividend of RMB 0.47 per 10 shares distributed, totaling RMB 9,475,200[137]. - The number of ordinary shareholders increased from 9,409 to 10,927 during the reporting period, indicating a growth of approximately 16.1%[141]. - Liu Zhendong holds 28.96% of the shares, with a total of 81,742,684 shares, and has pledged 64,465,600 shares[141]. - The top five customers generated sales of 995.45 million yuan, accounting for 14% of the total annual sales[74]. - The top five suppliers accounted for 406.87 million yuan in purchases, representing 59% of the total annual procurement[74]. Management and Governance - The company’s management team includes individuals with extensive experience in logistics and management, enhancing operational capabilities[156]. - The board of directors has established a remuneration and assessment committee to evaluate and propose reasonable remuneration for directors and senior management based on performance[163]. - The company has a diverse board of directors with expertise in various fields, including logistics, finance, and management[156]. - The total pre-tax remuneration for the reporting period amounted to 574.22 million yuan for all executives combined[156]. - The company has not reported any shareholding changes for independent directors during the reporting period[153]. Risk Management - The company emphasizes the importance of investment risk awareness in its forward-looking statements[8]. - The company faces risks from macroeconomic demand weakness, which could impact its logistics and LNG sales revenue[104]. - The company has implemented a comprehensive risk management system to improve service quality and operational standards in logistics[50]. - The company emphasizes the importance of safety in its logistics operations, acknowledging the risks associated with transportation accidents[104].

Financial Performance - Operating revenue for the period from January to September was CNY 5,144,929,820.38, representing a growth of 30.34% year-on-year[17]. - Net profit attributable to shareholders of the listed company was CNY 1,034,447.17, a decrease of 98.05% compared to the same period last year[17]. - Basic earnings per share decreased to CNY 0.004, down 98.00% from CNY 0.20 in the same period last year[17]. - The weighted average return on net assets fell to 0.10%, a decrease of 5.66 percentage points compared to the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY -10,101,877.15, a decline of 127.53% year-on-year[17]. - The company reported a significant decrease in notes receivable, down 47.40% to RMB 72,547,028.86 from RMB 137,914,767.18[28]. - The company reported a 66.04% decrease in development expenditures, down to RMB 3,363,457.77 from RMB 9,903,261.52, indicating a reduction in technology business investments[28]. - The company reported a gross profit margin of approximately 1.1% for Q3 2019, down from 5.2% in Q3 2018, indicating a decline in profitability[56]. - The net profit for Q3 2019 was a loss of CNY 4,016,251.56, compared to a profit of CNY 127,386.14 in Q3 2018, indicating a significant decline[65]. - The total comprehensive income attributable to the parent company for Q3 2019 was CNY -10,513,937.93, down from CNY 14,127,023.12 in Q3 2018[61]. Cash Flow - The net cash flow from operating activities for the period was CNY -26,213,058.52, a decline of 102.42% year-on-year[17]. - Cash received from operating activities increased by 35.43% to RMB 5,984,868,609.73 from RMB 4,419,142,608.45[30]. - The total cash flow from operating activities for the first three quarters of 2019 was CNY 5,984,868,609.73, compared to CNY 4,419,142,608.45 in the same period of 2018, representing an increase of approximately 35.5%[67]. - Operating cash inflows totaled approximately CNY 5.99 billion, an increase from CNY 4.45 billion year-over-year, reflecting a growth of about 34.8%[70]. - Operating cash outflows amounted to CNY 6.02 billion, compared to CNY 4.46 billion in the previous year, indicating a rise of approximately 35%[70]. - The net cash flow from operating activities was negative CNY 26.21 million, worsening from negative CNY 12.95 million year-over-year[70]. - Cash inflows from investment activities were CNY 630.99 million, significantly down from CNY 2.42 billion, a decrease of approximately 73.9%[70]. - Cash outflows for investment activities reached CNY 654.99 million, down from CNY 2.72 billion, representing a decline of about 76%[70]. - The net cash flow from investment activities was negative CNY 24.01 million, an improvement from negative CNY 301.25 million year-over-year[70]. - Cash inflows from financing activities totaled CNY 320.14 million, down from CNY 530.90 million, a decrease of approximately 39.6%[70]. - The net cash flow from financing activities was positive CNY 88.39 million, compared to CNY 306.07 million in the previous year, indicating a decline of about 71.1%[72]. - The ending cash and cash equivalents balance was CNY 168.63 million, slightly down from CNY 170.74 million year-over-year[72]. - The company reported a significant increase in cash received from operating activities, with a total of CNY 194.15 million for the first three quarters of 2019, compared to CNY 10.01 million in the same period last year[74]. Shareholder Information - The total number of shareholders at the end of the reporting period was 11,525[22]. - The largest shareholder, Liu Zhendong, held 28.96% of the shares, with 65,465,600 shares pledged[25]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,712,414,637.39, an increase of 2.42% compared to the end of the previous year[17]. - Cash and cash equivalents increased by 39.39% to RMB 239,355,452.18 from RMB 171,710,948.47 at the end of the previous year[28]. - Current liabilities totaled approximately ¥600.56 million, an increase of 11.8% from ¥537.21 million in the previous period[41]. - Non-current liabilities amounted to ¥16.82 million, down 14.3% from ¥19.61 million in the previous period[41]. - Total liabilities reached ¥617.39 million, reflecting an increase of 10.9% compared to ¥556.82 million previously[41]. - Total equity attributable to shareholders was approximately ¥1.02 billion, a slight decrease of 1.5% from ¥1.04 billion in the previous period[43]. - Total assets were reported at ¥1.71 billion, up from ¥1.67 billion, indicating a growth of 2.0%[43]. - The company reported a decrease in total current assets to ¥287.30 million from ¥385.46 million, a decline of 25.5%[47]. - Long-term equity investments slightly increased to ¥421.30 million from ¥419.22 million, a growth of 0.5%[47]. Future Strategy - The company plans to focus on market expansion and new product development as part of its future strategy[51]. - The company aims to enhance operational efficiency and reduce costs in response to the declining net profit[56].

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 3,503,419,239.60, representing a 48.11% increase compared to CNY 2,365,496,912.51 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 70.31% to CNY 11,548,385.10 from CNY 38,901,972.63 year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 95.75% to CNY 1,278,858.00 compared to CNY 30,070,719.14 in the previous year[20]. - Basic earnings per share decreased by 73.33% to CNY 0.04 compared to CNY 0.15 in the same period last year[22]. - Diluted earnings per share also decreased by 73.33% to CNY 0.04 from CNY 0.15 year-on-year[22]. - The weighted average return on equity dropped by 3.24 percentage points to 1.11% from 4.35% in the previous year[22]. - The basic earnings per share after deducting non-recurring gains and losses fell by 95.83% to CNY 0.005 from CNY 0.12 year-on-year[22]. - The company achieved a revenue of CNY 3.50 billion, representing a 48.11% increase compared to the same period last year[38]. - The gross margin decreased from 5.21% to 1.90%, primarily due to the LNG trade and logistics business's gross margin dropping from approximately 2.8% to about 1.1%[38]. - The company reported a total of CNY 14,276,488.74 in related party transactions, with a beginning balance of CNY 6,129,073.39 and an ending balance of CNY 8,147,415.35[74]. Cash Flow and Assets - The net cash flow from operating activities improved by 78.94%, reaching -CNY 19,254,303.75, compared to -CNY 91,422,785.47 in the same period last year[20]. - Cash and cash equivalents decreased by 33.54% to 114,124,370.50 yuan, accounting for 7.47% of total assets, primarily due to a reduction in bank deposits and other cash[42]. - Accounts receivable decreased by 41.58% to 107,590,565.28 yuan, representing 7.04% of total assets, indicating good collection performance[42]. - Prepayments increased by 32.03% to 174,782,038.04 yuan, accounting for 11.44% of total assets, mainly due to prepayments for LNG procurement as business scale increased[42]. - Inventory decreased by 58.33% to 15,211,206.38 yuan, representing 1.00% of total assets, primarily due to a reduction in inventory goods[42]. - The total assets decreased by 8.60% to CNY 1,528,030,817.06 from CNY 1,671,880,744.92 at the end of the previous year[20]. - The total liabilities decreased from CNY 556,815,005.61 to CNY 421,704,017.78, a reduction of approximately 24.3%[99]. - The company's equity increased from CNY 201,600,000.00 to CNY 282,240,000.00, representing a growth of approximately 40%[99]. Business Operations - The company is engaged in LNG trading and logistics, LNG refueling station construction and operation, and LPG distribution and retail[30]. - The company’s logistics business includes traditional logistics services for various goods, including hazardous chemicals[30]. - The company has developed an internet-based logistics platform through its subsidiary, which has become a pilot enterprise for non-vehicle carriers[30]. - The natural gas market in China saw LNG imports reach 23.87 million tons in the first five months of 2019, indicating rapid growth[30]. - The company’s other main businesses include driving school training, warehousing, hoisting services, and car rental[30]. - The company is transitioning from traditional logistics to an "Internet + Vehicle Networking + Logistics" model, enhancing operational efficiency through technology[36]. - The company established a joint venture with Longkou Port Group and Sinopec Natural Gas Co., Ltd. to stabilize LNG supply and demand[34]. - The company is focusing on improving logistics efficiency through advanced information technology and management systems[36]. Risks and Challenges - The company is facing a slowdown in LNG demand growth due to stricter environmental policies and overall macroeconomic deceleration[38]. - The company faces risks from weak macroeconomic demand, which could impact logistics and LNG sales revenue[54]. - Significant safety accident risks are present due to the nature of the logistics business, potentially leading to severe consequences including legal actions[54]. - Fluctuations in energy prices, particularly low international crude oil prices, may affect the demand for LNG in the vehicle market[54]. - The company’s logistics and LNG sales are highly sensitive to macroeconomic conditions, which could lead to revenue volatility[54]. Shareholder Information - The company did not propose any profit distribution or capital reserve increase for the half-year period[59]. - The company distributed dividends of 0.47 RMB per share, totaling approximately 9,475,200 RMB[83]. - The total number of shares increased to 282,240,000, with 168,000,000 shares being unrestricted circulating shares[82]. - Liu Zhendong increased his shareholding by 24,342,697 shares, bringing his total to 81,742,684 shares, representing 28.96% of the total shares[89]. - The top ten shareholders held a total of 81,742,684 shares, accounting for 28.96% of the total shares[86]. Accounting and Financial Reporting - The company’s financial statements are prepared on a going concern basis, indicating stable operations and a reasonable asset-liability structure[160]. - The company adheres to the enterprise accounting standards, ensuring that financial statements reflect true and complete financial conditions[163]. - The company includes all subsidiaries in its consolidated financial statements, based on control[178]. - The accounting policies and periods of subsidiaries are adjusted to align with the company's standards for consolidated financial reporting[179]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[174]. - The company’s accounting currency is Renminbi (RMB)[166]. - The company does not have significant adverse risks affecting its ability to continue as a going concern[160].

Financial Performance - Operating revenue rose by 62.27% to CNY 1,762,118,893.83 year-on-year[12] - Net profit attributable to shareholders decreased by 76.01% to CNY 5,222,786.82 compared to the same period last year[12] - Basic earnings per share dropped by 76.92% to CNY 0.03[12] - Operating profit for Q1 2019 decreased to $10,058,960.87 from $37,822,612.13 in Q1 2018, reflecting a decline of approximately 73.4%[41] - The net profit for Q1 2019 was CNY -1,511,442.19, an improvement from CNY -6,507,534.68 in Q1 2018[48] - The total comprehensive income for Q1 2019 was CNY -1,511,442.19, compared to CNY -6,507,534.68 in Q1 2018[48] Assets and Liabilities - Total assets increased by 19.23% to CNY 1,993,357,180.81 compared to the end of the previous year[12] - Total current assets as of March 31, 2019, amounted to RMB 1,047,684,473.05, an increase from RMB 707,598,695.45 in the previous year[26] - Total liabilities as of March 31, 2019, were RMB 870,146,505.16, up from RMB 556,815,005.61, representing an increase of about 56.2%[32] - The company's total equity as of March 31, 2019, was RMB 1,123,210,675.65, up from RMB 1,115,065,739.31, showing a slight increase of approximately 0.7%[32] - The company's total assets reached RMB 1,993,357,180.81, compared to RMB 1,671,880,744.92 at the end of the previous year, marking an increase of approximately 19.2%[32] Cash Flow - Net cash flow from operating activities worsened by 48.76%, resulting in a negative CNY 7,063,104.14[12] - Cash inflow from operating activities for Q1 2019 was CNY 2,284,597,601.84, significantly higher than CNY 1,215,961,302.30 in Q1 2018[50] - Cash flow from operating activities showed a net outflow of ¥7,063,104.14, compared to a net outflow of ¥4,748,083.82 in the previous period, indicating a worsening cash flow situation[52] - The total cash and cash equivalents at the end of the period amounted to ¥140,138,853.80, compared to ¥511,780,860.15 at the end of the previous period, indicating a substantial decline in liquidity[54] - The company experienced a net increase in cash and cash equivalents of ¥9,688,723.96, a significant drop from ¥332,916,577.70 in the previous period, highlighting liquidity challenges[54] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,799[19] - The largest shareholder, Liu Zhendong, holds 28.47% of the shares, with 37,354,000 shares pledged[19] Government Support - Government subsidies recognized in the current period amounted to CNY 19,639,721.56[18] Operational Costs - Total operating costs for Q1 2019 were $1,773,415,796.49, compared to $1,059,529,671.58 in Q1 2018, indicating an increase of about 67.3%[41] - The cash outflow for purchasing goods and services was ¥2,185,144,560.20, significantly higher than ¥1,106,528,108.79, indicating increased operational costs[52] Other Financial Metrics - The weighted average return on net assets decreased by 2.62 percentage points to 0.50%[12] - The company reported a significant increase in other income to $19,639,721.56 from $7,838,205.80 in Q1 2018, representing an increase of approximately 150.5%[41] - The company reported a significant increase in other receivables, which rose to RMB 58,421,228.58 from RMB 22,045,841.76, an increase of approximately 164.5%[26] - The financial expenses for Q1 2019 were CNY 1,847,630.60, a decrease from CNY 2,230,417.72 in Q1 2018[46]

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].