证券代码：603329 证券简称：上海雅仕 公告编号：2023-023 上海雅仕投资发展股份有限公司 关于召开 2022 年度业绩说明会的公告 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法律责任。 重要内容提示： 会议召开时间：2023 年 4 月 21 日(星期五)下午 16:00-17:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 4 月 14 日(星期五)至 4 月 20 日(星期四)16:00 前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 info@ace- sulfert.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 上海雅仕投资发展股份有限公司（以下简称"公司"）已于 2023 年 4 月 12 日 发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经 营成果、财务状况，公 ...

Financial Performance - The net profit attributable to shareholders for 2022 was RMB 148,707,162.40, with the parent company achieving a net profit of RMB 81,130,710.44[4] - The company achieved a total revenue of CNY 3.088 billion in 2022, representing a 19.10% increase compared to 2021[21] - The net profit attributable to shareholders was CNY 148.71 million, an increase of 8.41% year-over-year[21] - The operating cash flow net amount reached CNY 189.70 million, showing a significant increase of 70.02% from the previous year[21] - The basic earnings per share (EPS) for 2022 was CNY 0.94, up from CNY 0.90 in 2021[22] - The weighted average return on equity (ROE) decreased to 13.80%, down 3.54 percentage points from 2021[22] - The company reported a total asset value of CNY 2.142 billion at the end of 2022, a 3.86% increase from the previous year[21] - The company’s net assets attributable to shareholders increased by 9.91% to CNY 1.133 billion by the end of 2022[21] Dividend Distribution - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares, totaling RMB 47,626,858.50 (including tax) based on the total share capital of 158,756,195 shares[4] - The profit distribution plan is subject to approval at the 2022 annual general meeting of shareholders[5] - The company does not plan to increase capital through reserves or issue bonus shares[4] - The cash dividend policy stipulates that at least 10% of the distributable profits for the year must be distributed in cash, and the cumulative cash distribution over three years should not be less than 30% of the average distributable profits for those three years[126] Risk Management - The company has detailed potential risks in the management discussion and analysis section of the report[8] - The report includes a forward-looking statement risk declaration, emphasizing the difference between plans, forecasts, and commitments[6] - The company faces risks related to price fluctuations in procurement and sales, industry economic sensitivity, and exchange rate volatility that could impact profitability[87] - The company continues to face risks related to accounts receivable due to the growth in business scale and revenue, which may adversely affect performance[88] Operational Developments - The company’s supply chain business has been developing well, leveraging trade and logistics advantages[32] - Several projects have been put into operation, and railway construction has begun, supporting the company's international strategic development[32] - The company plans to continue expanding its business sustainably through these developments[32] - The company is actively developing a multi-modal transport model to provide "door-to-door" logistics services, enhancing customer loyalty and reducing transportation costs[41] - The company has established a comprehensive logistics network covering major ports and cities in China, significantly improving operational efficiency and profit margins[43] Compliance and Governance - The company adheres to legal requirements for corporate governance, ensuring the protection of shareholder interests and compliance with regulations[91] - The board of directors consists of 9 members, including 3 independent directors, and has established specialized committees to enhance governance[92] - The company has actively engaged with investors, holding multiple earnings briefings to improve communication and transparency[93] - Internal control systems are being strengthened to enhance overall management and operational efficiency[93] - The company has not reported any significant differences in governance compared to regulatory requirements, indicating compliance[94] Employee and Management Structure - The company had a total of 579 employees, with 39 in the parent company and 540 in major subsidiaries[122] - The employee composition includes 195 production personnel, 148 business personnel, and 127 management and administrative staff[122] - The company has established a performance-oriented compensation system, including basic salary, position salary, comprehensive allowances, and performance bonuses[123] - The training program focuses on enhancing professional skills and management capabilities, particularly for leadership and strategically critical talent[124] Audit and Financial Reporting - The audit report issued by Lixin Certified Public Accountants was a standard unqualified opinion[9] - The company reported a significant increase in investment income to CNY 20,321,380.02 in 2022 from CNY 7,028,205.60 in 2021, an increase of 189.5%[200] - The audit opinion confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2022[184] - The company has implemented internal controls to evaluate and determine the impairment of receivables, which is a critical audit matter[186] Strategic Initiatives - The company aims to become the best practitioner in China's supply chain service sector, focusing on supply chain value-added services as its core business[82] - The strategic plan includes developing one-to-one supply chain general contracting, one-to-many supply chain platform projects, and multi-to-multi supply chain base projects to enhance industry influence and competitiveness[82] - The company is actively seeking high-quality, sustainable new industries and projects to drive new growth points in performance[84] Market and Industry Trends - The logistics industry in China saw a total revenue of 12.7 trillion yuan in 2022, reflecting a year-on-year growth of 4.7%[38] - The total social logistics volume in China reached 347.6 trillion yuan in 2022, with a year-on-year growth of 3.4%[37] - The logistics industry faced significant pressure in 2022, with profit margins fluctuating between 3-4%, marking the lowest levels since 2019[74] - The logistics sector is expected to face challenges in 2023 due to international uncertainties and domestic demand contraction, impacting recovery efforts[79]

Financial Performance - The company's operating revenue for the first half of 2022 reached CNY 1.87 billion, representing a year-on-year increase of 92.83%[18]. - Net profit attributable to shareholders was CNY 178.1 million, a significant increase of 147.64% compared to the same period last year[18]. - The net profit after deducting non-recurring gains and losses was CNY 171.0 million, up 138.15% year-on-year[18]. - Basic earnings per share for the first half of 2022 were CNY 1.12, up 128.57% from CNY 0.49 in the same period last year[18]. - The company achieved a total operating revenue of 1.872 billion RMB, representing a year-on-year growth of 92.83%[35]. - The net profit attributable to shareholders reached 178.1 million RMB, an increase of 147.64% compared to the previous year[35]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan, representing a 20% year-over-year growth[70]. - The company reported a significant increase in prepaid expenses, rising to CNY 99,431,319.88 from CNY 63,567,656.26, a growth of approximately 56.4%[97]. Cash Flow and Assets - The company's net cash flow from operating activities was CNY 138.2 million, a recovery from a negative cash flow of CNY -52.1 million in the previous year[18]. - Operating cash flow net amount reached 138.2 million RMB, aligning with the company's profit growth[40]. - Cash and cash equivalents decreased by 4.01% to CNY 385,376,572.90, accounting for 17.83% of total assets[43]. - Accounts receivable rose by 37.47% to CNY 182,815,190.32, representing 8.46% of total assets due to increased business revenue[43]. - Inventory increased by 9.84% to CNY 225,860,389.84, which is 10.45% of total assets[43]. - The total cash and cash equivalents at the end of the first half of 2022 were RMB 368,987,319.04, an increase from RMB 283,245,229.71 at the end of the first half of 2021[111]. Business Operations and Market Trends - The company benefited from high demand in the sulfur and alumina industries, leading to growth in logistics business revenue and gross profit[19]. - The fertilizer industry also contributed to revenue growth, with significant increases in income and gross profit from phosphate fertilizers due to rising sulfur prices[19]. - The company continues to focus on cost reduction and efficiency improvement, achieving good results in both revenue and profit[18]. - The company’s supply chain total package business is focused on personalized logistics needs for large industrial enterprises, combining various logistics services to enhance customer value[26]. - The logistics demand for high-tech manufacturing grew by 5.7% year-on-year, outpacing the overall industrial logistics growth by 5.0 percentage points[30]. - The company is actively implementing strategic upgrades in supply chain platforms and bases to provide diversified value-added services across various industries[27]. Strategic Initiatives and Projects - The company has successfully launched the Lianyungang Port liquid chemical product tank area project, which aims to provide a specialized supply chain service system for liquid chemicals[36]. - The Anhui Changji hazardous chemical supply chain platform project has commenced operations and is experiencing rapid growth, primarily serving the semiconductor and coating industries[37]. - The company is developing a "Belt and Road" supply chain base project, aiming to connect over 7,000 kilometers between East and West Asia, facilitating resource exchange[37]. - The company is considering strategic acquisitions to enhance its product offerings and market reach, with potential targets identified in the G sector[68]. Compliance and Governance - The company commits to comply with the regulations set by the China Securities Regulatory Commission regarding the reduction of shares by shareholders and senior management[64]. - The company will not transfer or entrust the management of shares held prior to the IPO for 36 months from the date of listing[64]. - The company has committed to maintaining transparency and compliance in its shareholding practices[65]. - The company has committed to enhancing compliance with securities laws and improving internal management practices following regulatory scrutiny[78]. Risks and Challenges - The logistics industry is highly sensitive to economic conditions and policy changes, impacting the company's operations and profitability[51]. - The company is exposed to risks related to foreign exchange fluctuations due to its import activities and third-party logistics services settled in foreign currencies[51]. - Accounts receivable have increased alongside revenue growth, posing potential collection risks that could adversely affect performance[51]. - The company faced significant litigation and arbitration matters during the reporting period, including a coal supply contract dispute with a claim amount of CNY 27,500,000[74]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,240[86]. - The largest shareholder, Jiangsu Yashi Investment Group, held 44.98% of the shares, totaling 71,408,131 shares, with 38,000,000 shares pledged[88]. - The top ten shareholders collectively held a significant portion of the company's shares, with Jiangsu Yashi Investment Group being the largest[88]. - The company distributed dividends amounting to 23,813,429.25 CNY during the reporting period, reflecting its commitment to returning value to shareholders[120]. Financial Reporting and Accounting Policies - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of June 30, 2022[130]. - The company adopts the Chinese Yuan as its accounting currency, while subsidiaries may use different currencies based on their economic environment[133]. - The company recognizes fixed assets when economic benefits are likely to flow in and their costs can be reliably measured[177]. - The company applies the principle of substance over form in determining whether the conditions for derecognition of financial assets are met[151].

Financial Performance - The net profit attributable to shareholders for 2021 was RMB 137,175,710.13, with the parent company achieving a net profit of RMB 116,979,572.32[4] - The company achieved a total operating revenue of approximately CNY 2.593 billion in 2021, representing a growth of 49.55% compared to the previous year[20] - The net profit attributable to shareholders reached approximately CNY 137.18 million, an increase of 113.47% year-on-year[20] - The net profit after deducting non-recurring gains and losses was approximately CNY 132.72 million, reflecting a growth of 131.73% compared to 2020[20] - The basic earnings per share (EPS) for 2021 was CNY 0.90, an increase of 83.67% from CNY 0.49 in 2020[21] - The weighted average return on equity (ROE) was 17.34%, up from 10.17% in the previous year, indicating a significant improvement in profitability[21] - The company reported a net cash flow from operating activities of approximately CNY 111.58 million, a 25.60% increase from the previous year[20] - By the end of 2021, the total assets of the company amounted to approximately CNY 2.062 billion, a growth of 53.06% compared to the end of 2020[20] - The net assets attributable to shareholders increased to approximately CNY 1.031 billion, reflecting a growth of 55.18% year-on-year[20] Profit Distribution - The proposed profit distribution plan includes a cash dividend of RMB 3.00 per 10 shares, totaling RMB 47,626,858.50 to be distributed to shareholders[4] - As of December 31, 2021, the accumulated undistributed profits of the parent company amounted to RMB 159,695,029.93, and the capital reserve was RMB 587,868,617.88[4] - The company has a cash dividend policy that mandates a minimum of 10% of the distributable profit to be distributed annually, with a cumulative distribution of at least 30% over three years[125] - The cash dividend policy has not been adjusted during the reporting period, indicating stability in profit distribution practices[125] Business Strategy and Development - The company completed multiple projects that have passed acceptance and are now in operation, which is expected to drive future growth[30] - The company is actively developing the Belt and Road supply chain base project, aiming to create a one-stop supply chain channel connecting over 7,000 kilometers between East and West Asia, facilitating trade between China and the Caspian region[33] - The company's main business strategy focuses on upgrading to a platform-based, international, and intelligent model, with significant progress in supply chain platform and base projects despite challenges from domestic COVID-19 outbreaks[38] - The company aims to become the best practitioner in China's supply chain service sector, focusing on value-added services[78] - The company plans to develop a one-to-one supply chain total package business to enhance its influence and competitiveness in traditional supply chain services[78] Risk Management and Compliance - The report includes a risk statement indicating that forward-looking statements do not constitute a commitment to investors[6] - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments in its forward-looking statements[6] - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[7] - The company recognizes risks related to industry conditions, safety operations, environmental regulations, currency fluctuations, and accounts receivable management as potential challenges[84][85] - The internal control system has been independently audited, receiving a standard unqualified opinion, ensuring compliance and asset safety[131] Governance and Management - The company held 1 annual general meeting and 2 extraordinary general meetings during the reporting period, all in compliance with relevant regulations[88] - The board of directors consists of 9 members, including 3 independent directors, and has established 4 specialized committees to enhance governance[89] - The supervisory board is composed of 3 members, including 1 employee representative, ensuring compliance with legal requirements[89] - The company has established a robust governance structure to protect the interests of all shareholders, particularly minority shareholders[88] - The company has improved its internal control systems to enhance overall management levels in line with relevant laws and regulations[90] Market and Industry Trends - The logistics industry in China saw a total revenue of 11.9 trillion yuan in 2021, reflecting a year-on-year growth of 15.1%[37] - The logistics industry achieved a total revenue of ¥11.9 trillion in 2021, reflecting a year-on-year growth of 15.1%[69] - The average logistics service price index for 2021 was 50.1%, an increase of 1.5 percentage points compared to the previous year[70] - The average coastal bulk freight index in China for 2021 was 1299.35 points, a year-on-year increase of 25%[71] - The average export container freight index in China for 2021 was 2615.54 points, a year-on-year increase of 165.7%[71] Shareholder and Equity Information - The total number of shares after the issuance increased to 158,756,195 shares[165] - Jiangsu Yashi Investment Group Co., Ltd. holds 44.98% of the shares, with a total of 71,408,131 shares, including 4,132,231 shares under lock-up conditions[174] - The top ten shareholders include Jiangsu Yashi Investment Group Co., Ltd., Jiangsu Shengshi Jincai Investment Management Co., Ltd., and Jiangsu Nongdao Enterprise Management Consulting Co., Ltd., among others[175] - The controlling shareholder is Jiangsu Yashi Investment Group Co., Ltd., which was established on July 29, 1998, and primarily engages in investment and asset management[178] Legal and Regulatory Matters - The company is currently involved in several significant lawsuits, including a sales contract dispute with Xinjiang Wujiaqu Modern Petrochemical Co., with a claim amount of approximately 8.56 million RMB[156] - The company has not faced any administrative penalties from the China Securities Regulatory Commission in the last 36 months[149] - The company has not encountered any situations that would lead to delisting risks during the reporting period[153] - The company has not reported any major legal violations or penalties during the reporting period[157] Employee and Compensation Information - The total remuneration for all directors, supervisors, and senior management was 11.77 million yuan[108] - The company has established a salary system based on industry standards and performance orientation to motivate employees[122] - The company emphasizes training for management and strategic talent to enhance professional capabilities and market skills[123]

重要内容提示 (一)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， 2022 年第一季度报告 证券代码：603329 证券简称：上海雅仕 上海雅仕投资发展股份有限公司 2022 年第一季度报告 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、准确性和完整性依法承担法律责任。 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 (二)公司负责人孙望平、主管会计工作负责人李清及会计机构负责人（会计主管人员）刘利平保 证季度报告中财务报表信息的真实、准确、完整。 (三)第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (四)主要会计数据和财务指标 1 / 12 单位：元 币种：人民币 项目 本报告期 本报告期比上年同期 增减变动幅度(%) 营业收入 707,219,182.46 85.30 归属于上市公司股东的净利润 57,466,216.52 137.05 归属于上市公司股东的扣除非经常性损益的净利润 56,231,727.06 136.85 经营活动产生的现金流量净额 -128,910,339.29 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥711,945,644.88, representing a year-on-year increase of 38.56%[3] - The net profit attributable to shareholders for Q3 2021 was ¥34,832,949.83, with a year-on-year increase of 4.95%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥36,424,477.98, reflecting a year-on-year increase of 19.44%[3] - The company experienced a significant increase in net profit for the year-to-date period, which rose by 78.74% to ¥106,750,409.33, driven by stable sulfur prices and new logistics projects[6] - Total operating revenue for the first three quarters of 2021 reached ¥1,682,966,431.98, an increase of 35.7% compared to ¥1,241,034,839.04 in the same period of 2020[17] - Net profit for the third quarter of 2021 was ¥107,009,866.12, representing a 77.9% increase from ¥60,084,892.82 in the same quarter of 2020[18] - The net profit attributable to shareholders of the parent company was ¥106,750,409.33, compared to ¥59,724,696.40 in the previous year, marking an increase of 78.5%[19] - Basic and diluted earnings per share for the third quarter were both ¥0.71, up from ¥0.45 in the same period last year[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,017,033,416.62, an increase of 49.70% compared to the end of the previous year[4] - Total assets as of the end of the third quarter were ¥2,017,033,416.62, compared to ¥1,347,349,663.74 at the end of the previous year, reflecting a growth of 49.6%[15] - Total liabilities increased to ¥870,363,897.33, up from ¥557,754,269.33, indicating a rise of 56.0% year-on-year[15] - The total equity attributable to shareholders of the parent company reached ¥1,000,877,956.32, compared to ¥664,283,408.19 in the previous year, an increase of 50.6%[15] - Total current assets as of September 30, 2021, amounted to ¥970,019,453.10, an increase from ¥664,283,810.82 as of December 31, 2020, reflecting a growth of approximately 46%[13] - Total liabilities amounted to ¥557,754,269.33, an increase of ¥44,804,166.54 compared to the previous period[26] Cash Flow - The company reported a net cash flow from operating activities of -¥75,942,881.47, indicating a cash outflow primarily due to increased prepayments and accounts receivable[3] - In the first three quarters of 2021, the cash inflow from operating activities was CNY 2,074,181,807.25, an increase of 30.6% compared to CNY 1,587,240,497.62 in the same period of 2020[21] - The net cash flow from operating activities was negative at CNY -75,942,881.47, compared to CNY -6,849,523.84 in the first three quarters of 2020[21] - The total cash inflow from financing activities reached CNY 537,708,210.65, a significant increase from CNY 317,254,164.39 in the previous year, marking a 69.3% growth[22] - The net cash flow from financing activities was CNY 351,281,501.25, compared to CNY 143,974,190.61 in the same period last year, reflecting a 143.1% increase[22] Shareholder Information - The company reported a total of 11,619 shareholders at the end of the reporting period[9] - The largest shareholder, Jiangsu Yashi Investment, holds 44.98% of the shares, amounting to 71,408,131 shares, with 37,650,000 shares pledged[9] - The second-largest shareholder, Jiangsu Nongdao Enterprise Management Consulting, holds 4.18% with 6,630,000 shares, all of which are unpledged[9] Business Operations and Future Outlook - The company has expanded its business operations, contributing to the increase in prepayments, accounts receivable, and inventory compared to the beginning of the year[6] - The company plans to expand its market presence and invest in new product development to drive future growth[18] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[21] - The company has not disclosed any significant new product developments or technological advancements during the reporting period[11] - There are no significant mergers or acquisitions reported in the current financial period[11] - The company has not provided specific future guidance or outlook for the upcoming quarters[11] Inventory and Receivables - Cash and cash equivalents were reported at ¥288,577,647.39, compared to ¥266,400,814.92 in the previous year, indicating a year-over-year increase of about 8.2%[13] - Accounts receivable increased to ¥120,579,139.58 from ¥85,770,198.14, representing a growth of approximately 40.5%[13] - Inventory levels rose significantly to ¥227,917,323.54, up from ¥91,655,499.79, marking an increase of around 148%[13]

Financial Performance - The company achieved a total operating revenue of CNY 971,020,787.10, representing a year-on-year increase of 33.52%[19] - The net profit attributable to shareholders reached CNY 71,917,459.50, marking a significant growth of 171.02% compared to the same period last year[19] - The basic earnings per share increased to CNY 0.49, up 145.00% from CNY 0.20 in the previous year[20] - The total assets of the company amounted to CNY 1,720,735,243.83, reflecting a year-on-year growth of 27.71%[19] - The net assets attributable to shareholders increased to CNY 966,026,411.23, a rise of 45.42% compared to the end of the previous year[19] - The company reported a net cash flow from operating activities of CNY -52,119,595.89, an improvement from CNY -75,651,431.95 in the same period last year[19] Supply Chain and Logistics - The company’s supply chain logistics business showed steady growth, with both business scale and gross profit increasing compared to the first half of 2020[21] - The revenue from supply chain execution trade benefited from the steady rise in sulfur prices, leading to a significant increase in gross profit[21] - The company's main business strategy focuses on upgrading supply chain services, achieving revenue and profit growth due to stable domestic economic recovery and rising product prices[27] - The company's supply chain platform and base business are under active construction, aiming to provide diversified value-added services across multiple industries[29] - The company is developing a liquid chemical supply chain platform in Lianyungang, which has completed construction and is expected to enhance operational capabilities in the liquid chemical sector[39] - The Anhui Changji hazardous chemical supply chain platform project is set to begin operations within the year, targeting the semiconductor and coating industries[39] Market and Industry Trends - As of June 30, 2021, the total social logistics volume reached CNY 150.9 trillion, a year-on-year increase of 15.7%[31] - The logistics industry total revenue for the first half of 2021 was CNY 5.7 trillion, reflecting a year-on-year growth of 22.8%[32] - The average logistics industry prosperity index was 54.5% in the first half of 2021, indicating a high level of industry activity[33] - The logistics market continues to expand, with new business models driving growth in e-commerce and express logistics services[32] Financial Position and Assets - Cash and cash equivalents at the end of the period amounted to ¥299.09 million, accounting for 17.38% of total assets, an increase of 12.27% compared to the previous year[45] - Accounts receivable increased by 36.75% to ¥117.29 million, primarily due to an increase in receivables from logistics business clients[45] - Inventory increased by 89.56% to ¥173.74 million, mainly due to an increase in stock of sulfur and soda ash[45] - Total current assets reached ¥817.73 million, representing 47.52% of total assets, a 23.10% increase year-on-year[45] - Long-term borrowings increased by 176.34% to ¥194.64 million, primarily due to loans for the Belt and Road Initiative projects[47] - Total liabilities amounted to ¥609.84 million, accounting for 35.44% of total assets, reflecting a 9.34% increase from the previous year[47] Corporate Governance and Compliance - The company held two shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[63] - Changes in the board of directors included the election of new independent directors and the appointment of new deputy general managers[64] - The company will not distribute cash dividends, issue bonus shares, or increase share capital in the first half of 2021[67] Risk Management - The logistics industry is highly sensitive to economic fluctuations and policy changes, impacting the company's operations[58] - The company has established safety management systems to mitigate operational risks associated with multi-modal transportation[58] - There is a risk of foreign exchange fluctuations affecting the company's import costs and overall financial performance[59] - The company faces potential risks from increasing accounts receivable as business scales up, which may adversely affect performance[59] Sustainability Initiatives - The company has established a green operation awareness, focusing on ecological protection and resource conservation during its production processes[71] - The company has implemented a door-to-door transportation model using containers to reduce costs and minimize environmental pollution[71] - A commitment to sustainability initiatives was announced, aiming for a 50% reduction in carbon emissions by 2025[76] Future Outlook and Growth Strategies - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% to 30%[76] - New product launches are expected to contribute an additional 200 million yuan in revenue by the end of the year[76] - The company is investing heavily in R&D, with a budget increase of 30% to enhance technology development and innovation[76] - Market expansion plans include entering two new regions, which are anticipated to increase market share by 10%[76] - The company is considering strategic acquisitions to bolster its competitive position, with a target of completing at least one acquisition by the end of 2021[76] Shareholder Commitments and Transactions - Jiangsu Gaotou committed to not reducing its shareholding during the lock-up period as per the IPO prospectus[78] - Jiangsu Nongdao/Lianyungang Chuying promised to limit share reductions to no more than 25% of their total holdings annually for two years after the lock-up period[79] - Jiangsu Nongdao/Lianyungang Chuying will not engage in any business that directly competes with Shanghai Yashi's existing services[79] Financial Reporting and Accounting Policies - The financial statements are prepared based on the going concern assumption, ensuring the company’s ability to continue its operations in the foreseeable future[145] - The company’s financial reporting adheres to the accounting standards set by the Ministry of Finance and the China Securities Regulatory Commission[144] - The company applies the equity method for investments in joint ventures, recognizing its share of assets, liabilities, income, and expenses[157] Legal Matters - The company reported significant litigation matters during the reporting period, including a lawsuit involving Xinjiang New Thinking and Xinjiang Wujiaqu Modern Petrochemical Co., with details disclosed in the announcement dated March 16, 2021[84] - The company is involved in a coal supply contract dispute with Zhungezhuqi Chuanfa Coal Co., with a claim amounting to RMB 27,500,000, and the court hearing is scheduled for July 30, 2021[86]

Financial Performance - The net profit attributable to shareholders for 2020 was CNY 64,259,776.66, with the parent company achieving a net profit of CNY 28,267,236.08[4] - The proposed cash dividend for 2020 is CNY 1.50 per 10 shares, totaling CNY 23,813,429.25 to be distributed to shareholders[4] - As of December 31, 2020, the parent company's accumulated undistributed profits amounted to CNY 78,226,844.09, with capital reserves of CNY 360,888,007.42[4] - In 2020, the company's operating revenue was approximately CNY 1.73 billion, a decrease of 1.22% compared to 2019[21] - The net profit attributable to shareholders was CNY 64.26 million, a significant recovery from a net loss of CNY 98.81 million in 2019[21] - The company's net cash flow from operating activities decreased by 48.30% to CNY 88.84 million in 2020[21] - By the end of 2020, the total assets increased by 22.66% to approximately CNY 1.35 billion compared to the end of 2019[21] - The basic earnings per share for 2020 was CNY 0.49, recovering from a loss of CNY 0.75 per share in 2019[22] - The weighted average return on equity increased to 10.17% in 2020, up from -14.91% in 2019, indicating improved profitability[22] - The company reported a total revenue of 1,733,897,515.63 RMB for the year 2020[185] - Total operating revenue for 2020 was CNY 1,733,897,515.63, a decrease of 1.5% compared to CNY 1,755,374,980.38 in 2019[200] Corporate Governance and Compliance - The company emphasizes that forward-looking statements regarding development strategies and future business plans do not constitute substantive commitments to investors[5] - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[6] - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[7] - The board of directors and senior management guarantee the authenticity, accuracy, and completeness of the annual report[7] - The report outlines the company's commitment to maintaining transparency and compliance with regulatory requirements[6] - The company is committed to improving its internal control systems to ensure stable and healthy development[82] - The company will ensure compliance with the Shanghai Stock Exchange's rules regarding share transfers by directors and senior management[95] Risk Management - The report includes a detailed description of potential risks that the company may face, which investors are advised to review[6] - The company emphasizes the importance of risk management, particularly in areas such as industry conditions, safety operations, and environmental compliance[85] Strategic Initiatives and Future Plans - The company plans to carry forward the remaining undistributed profits to the next fiscal year[4] - The company plans to launch multiple supply chain platforms and base projects in 2021, which are currently under construction[29] - The company is focusing on upgrading its business model, emphasizing one-to-one supply chain contracting and expanding its supply chain platform[29] - The company is set to complete the Anhui Changji hazardous chemical supply chain base project in the first half of 2021, which is expected to drive rapid growth in hazardous chemical logistics[39] - The Belt and Road supply chain base project is nearing completion, transitioning from the construction phase to substantial operational phase, aiming to connect over 7,000 kilometers between East and West Asia[40] - The company plans to focus on platformization, internationalization, and intelligent development strategies as part of its second three-year plan[82] - The company aims to enhance its supply chain logistics capabilities and optimize logistics asset management to improve overall service quality[83] Logistics and Supply Chain Development - The company is adapting its logistics services to meet the personalized needs of large industrial enterprises, enhancing its supply chain value-added services[29] - The company is focusing on a multi-modal transport model, utilizing road, rail, and water transport to enhance logistics efficiency and reduce costs[30] - The company has developed a strong third-party logistics service model, significantly lowering clients' inventory and port costs[31] - The company is leveraging its logistics network to support the "Belt and Road" initiative, enhancing international supply chain services[34] - The company is expanding its supply chain platform and base business, providing diversified value-added services across multiple industries[30] Shareholder and Equity Management - The company has established a cash dividend policy that requires a minimum of 10% of the distributable profit to be distributed as cash dividends annually[89] - The company will continue to develop its traditional supply chain business while expanding its cross-border supply chain operations along the Belt and Road Initiative[84] - The company will not engage in any related party transactions that could result in improper benefits or obligations for Shanghai Yashi[109] - The company has committed to avoiding and reducing related party transactions with Shanghai Yashi Investment Development Co., Ltd. and its subsidiaries[109] Employee and Management Structure - The number of employees in the parent company is 26, while the main subsidiaries employ 366, totaling 392 employees[164] - Total remuneration for all directors, supervisors, and senior management amounted to 4.4662 million yuan[161] - The salary system includes basic salary, position salary, comprehensive allowances, performance salary, and other allowances[165] - The company has established a performance evaluation mechanism for senior management, linking fixed salaries to annual work goals and performance assessments[177] Financial Position and Assets - The total assets of the company reached CNY 1,347.35 million, an increase of 22.66% year-on-year[41] - The company's equity amounted to CNY 789.60 million, reflecting a year-on-year increase of 14.32%[41] - The total liabilities increased to CNY 664,283,810.82, reflecting a rise from the previous year, indicating a need for careful management of financial obligations[194] - The company reported a significant increase in long-term equity investments to RMB 40,487,352.91 from RMB 35,251,370.20, representing a growth of approximately 14.0%[194] Legal and Regulatory Matters - The company is currently involved in significant litigation, including disputes related to transportation contracts with Jiangsu Xinwei and Lianyungang Baodao, which have been disclosed in previous announcements[118] - The company has no outstanding guarantees to shareholders, actual controllers, or related parties[126] - The company has not engaged in any entrusted loan activities during the reporting period[131]

Financial Performance - Operating revenue for the period was CNY 381,655,929.08, a 15.91% increase year-on-year[7] - Net profit attributable to shareholders was CNY 24,241,963.43, representing a 159.32% increase compared to the same period last year[7] - Basic earnings per share rose by 159.46% to CNY 0.1837[7] - The company reported a net profit margin improvement due to increased revenue and controlled costs, although specific net profit figures were not disclosed in the provided data[27] - The company's operating revenue for Q1 2021 was CNY 86,564,038.48, a significant increase from CNY 31,473,583.52 in Q1 2020, representing a growth of approximately 175.5%[30] - The net profit for Q1 2021 reached CNY 23,677,911.40, compared to CNY 9,009,550.40 in the same period last year, indicating an increase of about 162.5%[30] - The total profit for Q1 2021 was CNY 28,545,239.90, compared to CNY 12,214,514.23 in Q1 2020, marking an increase of around 134%[30] - The company's operating profit for Q1 2021 was CNY 28,395,644.81, significantly higher than CNY 12,159,605.36 in Q1 2020, showing an increase of approximately 133.4%[30] Assets and Liabilities - Total assets increased by 25.58% to CNY 1,691,950,744.66 compared to the end of the previous year[7] - Total liabilities increased by 85.50% to 68,675,397.95 RMB due to an increase in contract liabilities[14] - The total assets of the company reached 1,691,950,744.66 RMB, up from 1,347,349,663.74 RMB, reflecting growth in both current and non-current assets[20] - Total liabilities as of March 31, 2021, were ¥269,872,670.24, an increase from ¥226,553,545.37 in the previous year, marking a rise of about 19.2%[24] - Total equity reached CNY 789,595,394.41, remaining unchanged from the previous period[40] - Non-current liabilities increased to CNY 97,836,435.82, reflecting an increase of CNY 37,099,880.31[40] Cash Flow - Cash flow from operating activities was negative at CNY -42,345,316.53, an improvement from CNY -69,714,896.03 in the previous year[7] - The company reported a net cash flow from operating activities of -42,345,316.53 RMB, an improvement from -69,714,896.03 RMB in the previous year, indicating enhanced sales collection capabilities[16] - Cash inflows from operating activities totaled CNY 592,038,324.33 in Q1 2021, compared to CNY 413,753,504.38 in Q1 2020, representing a growth of about 43.2%[32] - In Q1 2021, the net cash flow from operating activities was positive at ¥17,052,450.14, compared to a negative cash flow of ¥44,653,772.56 in Q1 2020, indicating a significant improvement[36] - The company raised ¥257,914,968.09 from investments in Q1 2021, significantly higher than the ¥1,650,000.00 raised in Q1 2020, demonstrating enhanced capital attraction[33] Inventory and Expenses - Inventory increased by 77.27% to CNY 162,480,404.30, indicating a rise in stock levels[13] - Management expenses increased by 35.58% to 18,750,897.90 RMB, mainly due to rising employee compensation costs[15] - Financial expenses surged by 1,887.85% to 3,047,963.45 RMB, primarily driven by increased interest on short-term borrowings[15] - The company’s income tax expense rose by 51.87% to 4,867,328.50 RMB, correlating with the increase in current profits[15] - Total operating costs for Q1 2021 were ¥354,126,539.88, up from ¥315,377,277.81 in Q1 2020, indicating an increase of about 12.3%[27] Shareholder Information - The number of shareholders reached 13,130, with the top ten shareholders holding a significant portion of shares[11] - The company received government subsidies amounting to CNY 523,107.53, closely related to its normal business operations[7] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth, although specific strategies were not detailed in the provided data[27] - The company adjusted its financial statements in accordance with the new leasing standards effective January 1, 2021[41]

Financial Performance - The net profit attributable to shareholders for 2020 was CNY 64,259,776.66, with the parent company achieving a net profit of CNY 28,267,236.08[4] - The proposed cash dividend for 2020 is CNY 1.50 per 10 shares, totaling CNY 23,813,429.25 to be distributed to shareholders[4] - The company plans to carry forward the remaining undistributed profits to the next fiscal year[4] - In 2020, the company's operating revenue was CNY 1,733,897,515.63, a decrease of 1.22% compared to CNY 1,755,374,980.38 in 2019[21] - The net profit attributable to shareholders was CNY 64,259,776.66, a significant recovery from a loss of CNY 98,807,436.93 in 2019[21] - The basic earnings per share for 2020 was CNY 0.49, recovering from a loss of CNY 0.75 in 2019[22] - The company generated a net cash flow from operating activities of CNY 88,839,910.94, down 48.30% from CNY 171,841,428.12 in 2019[21] - The company reported a total of CNY 6,988,482.98 in non-recurring gains and losses for 2020, compared to CNY 7,756,093.14 in 2019[26] - The weighted average return on equity increased to 10.17% in 2020, up 25.08 percentage points from -14.91% in 2019[22] - The company reported a net profit margin of 12%, up from 10% in the previous year, indicating improved operational efficiency[158] Assets and Liabilities - The company's total assets increased by 22.66% to CNY 1,347,349,663.74 at the end of 2020, compared to CNY 1,098,476,277.58 at the end of 2019[21] - The total liabilities increased by 36.77% to CNY 557.75 million from CNY 407.80 million in the previous year[64] - The company's equity amounted to CNY 789.60 million, reflecting a year-on-year increase of 14.32%[42] - The total assets of the company reached CNY 1.35 billion, a 22.66% increase from CNY 1.10 billion in the previous year[64] - The total liabilities increased to ¥226,553,545.37 from ¥198,093,153.24, representing a growth of approximately 14.3% year-over-year[200] - The total owner's equity (or shareholders' equity) increased by ¥28,435,195.09, reflecting a growth of approximately 5.0%[200] Cash Flow and Investments - The company reported a net cash outflow from investment activities of ¥319,701,869.63, reflecting increased investments in various projects[60] - The company's cash and cash equivalents decreased to CNY 78,938,432.01 in 2020 from CNY 149,514,528.88 in 2019, a decline of about 47.3%[199] - The company has engaged in structured deposits amounting to 20,000,000 RMB from raised funds, with no overdue amounts[129] - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan for the fiscal year, representing a 15% year-over-year growth[156] Business Strategy and Operations - The company is focusing on upgrading its business model and expanding its supply chain services to meet diverse customer needs[29] - The company is set to complete the Anhui Changji hazardous chemical supply chain base project in the first half of 2021, which has already attracted many well-known clients[40] - The company is actively expanding its financing channels and aims to reduce financing costs while ensuring sufficient funding for ongoing projects[85] - The company is leveraging the Belt and Road Initiative to enhance its cross-border supply chain business and improve profitability in traditional business categories[84] - The company is committed to optimizing its internal management and improving team collaboration to ensure sustainable growth[82] Shareholder Management and Dividends - The company has a cash dividend policy that mandates a minimum of 10% of distributable profits to be paid out as dividends when conditions are met[90] - The company did not propose any cash profit distribution plan for the reporting period despite having positive distributable profits[93] - The company has committed to comply with regulations regarding shareholding and transfer restrictions for its directors and senior management[94] - The company will report any plans for share reduction through centralized bidding to the stock exchange prior to the first sale[94] Compliance and Governance - The board of directors and management confirm the accuracy and completeness of the annual report, ensuring no false records or misleading statements[7] - The audit report issued by Lixin Certified Public Accountants is a standard unqualified opinion[7] - The company has established a comprehensive safety management system to mitigate operational risks associated with multi-modal transportation[86] - The company confirmed that there were no significant deficiencies in internal controls during the reporting period[180] Market and Industry Trends - The logistics industry total revenue increased by 2.2% year-on-year, reaching 10.5 trillion yuan in 2020[33] - The logistics industry resilience contributed significantly to the economic recovery, with the logistics prosperity index reaching 57.5 in November 2020, the highest point of the year[76] - The logistics market is expected to grow at a rate of 8-10% in 2021, with social logistics volume projected to increase by 10-13% in the first quarter[80] - The logistics industry is undergoing digital transformation, with new technologies such as automated delivery and smart logistics being rapidly adopted[77] Risks and Challenges - The report includes a detailed description of potential risks faced by the company in the fourth section[6] - The company faces risks related to industry fluctuations, safety operations, environmental regulations, and foreign exchange rate volatility[86][87] Employee and Management - The company employed a total of 392 staff, with 26 in the parent company and 366 in major subsidiaries[166] - The company has established a performance-oriented compensation management model to motivate employees[167] - The management emphasized a focus on sustainable practices, aiming for a 25% reduction in carbon footprint by 2025[109]