Financial Performance - The company's operating revenue for Q1 2023 was CNY 290,796,754.51, representing a year-on-year increase of 2.69%[5] - The net profit attributable to shareholders for Q1 2023 was CNY 43,003,487.27, reflecting a year-on-year growth of 3.49%[5] - Basic earnings per share for Q1 2023 were CNY 0.18, while diluted earnings per share were CNY 0.19, an increase of 5.56%[6] - Total operating revenue for Q1 2023 was CNY 290,796,754.51, an increase of 2.86% compared to CNY 283,178,766.44 in Q1 2022[19] - Net profit for Q1 2023 reached CNY 43,074,059.34, compared to CNY 41,726,803.73 in Q1 2022, marking an increase of 3.22%[21] - Earnings per share for Q1 2023 were CNY 0.18 (basic) and CNY 0.19 (diluted), consistent with the previous year[22] Cash Flow and Assets - The net cash flow from operating activities decreased by 12.56% to CNY 18,360,775.03 compared to the same period last year[5] - The company's cash and cash equivalents decreased to RMB 736,699,541.11 from RMB 906,150,047.81, representing a decline of about 18.7%[16] - Cash inflow from operating activities totaled CNY 293,552,274.71 in Q1 2023, down from CNY 344,659,794.35 in Q1 2022, indicating a decrease of 14.83%[24] - The net cash flow from operating activities for Q1 2023 was $18,360,775.03, a decrease from $20,997,678.98 in Q1 2022, reflecting a decline of approximately 7.8%[25] - The total cash and cash equivalents at the end of Q1 2023 were $706,113,622.94, down from $215,937,472.16 at the end of Q1 2022, reflecting a decrease of about 67.3%[26] - The total cash and cash equivalents decreased by $162,207,831.56 during the quarter, contrasting with an increase of $39,943,608.08 in Q1 2022[26] Liabilities and Equity - The total current liabilities increased to RMB 1,000,000,000.00, compared to RMB 900,000,000.00 in the previous period, indicating a rise of approximately 11.1%[17] - Total liabilities as of Q1 2023 amounted to CNY 1,531,281,972.93, compared to CNY 1,510,178,208.39 in the previous year, reflecting an increase of 1.88%[19] - Total equity attributable to shareholders was CNY 2,323,718,436.37 in Q1 2023, up from CNY 2,300,558,784.97 in Q1 2022, representing a growth of 1.01%[19] Assets and Investments - The total assets at the end of Q1 2023 amounted to CNY 3,862,100,765.50, up 1.16% from the end of the previous year[6] - The accounts receivable increased to RMB 459,461,481.16 from RMB 437,770,769.08, showing a growth of approximately 4.0%[16] - The company's inventory decreased to RMB 90,191,392.54 from RMB 127,881,340.15, reflecting a decline of about 29.5%[17] - The company’s total assets reached CNY 3,862,100,765.50 in Q1 2023, an increase from CNY 3,817,766,777.50 in Q1 2022, indicating a growth of 1.17%[19] - The company’s investment income for Q1 2023 was CNY 1,051,170.57, down from CNY 2,948,338.20 in Q1 2022, reflecting a decrease of 64.39%[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,347[11] - The largest shareholder, Duan Rongwen, holds 31.91% of the shares, amounting to 74,431,658 shares[11] Corporate Developments - The company signed a cooperation agreement for the construction of a modern logistics center in Sanya, covering an area of 86,700 square meters with a total building area of 235,300 square meters[13] - The newly established logistics center aims to integrate various functions including international trade, e-commerce, and smart logistics services, enhancing the company's market presence in Hainan[14] - The company completed the re-election of its board of directors and supervisory board, with new members officially taking office during the reporting period[14] - The company has not disclosed any new product developments or market expansion strategies in this report[1] Financial Adjustments - The company reported non-recurring gains and losses totaling CNY 3,157,190.12 for the period[9] - The company reported a financial asset reclassification loss of CNY 254,283.48 in Q1 2023, compared to a gain of CNY 48,496.11 in Q1 2022[22]

Financial Performance - The company's operating revenue for 2022 was CNY 1,277,885,421.57, representing a 0.70% increase compared to CNY 1,269,049,480.08 in 2021[25]. - The net profit attributable to shareholders for 2022 was CNY 171,130,620.59, a decrease of 6.18% from CNY 182,402,171.44 in 2021[25]. - The net cash flow from operating activities increased by 121.80% to CNY 172,358,864.94 in 2022, compared to CNY 77,710,088.72 in 2021[25]. - Total assets as of the end of 2022 reached CNY 3,817,766,777.50, a 34.56% increase from CNY 2,837,155,517.28 at the end of 2021[25]. - The basic earnings per share for 2022 was CNY 0.73, down 9.88% from CNY 0.81 in 2021[26]. - The diluted earnings per share for 2022 was CNY 0.71, a decrease of 12.35% compared to CNY 0.81 in 2021[26]. - The weighted average return on equity for 2022 was 7.96%, down 1.79 percentage points from 9.75% in 2021[26]. - The net assets attributable to shareholders increased by 13.01% to CNY 2,300,558,784.97 at the end of 2022, compared to CNY 2,035,760,942.57 at the end of 2021[25]. Dividend Distribution - The company plans to distribute a cash dividend of 0.85 RMB per 10 shares, totaling 19,826,065.98 RMB for the year 2022[6]. - The total number of shares for the dividend distribution is 233,247,835 shares[6]. - The company does not plan to issue bonus shares or convert capital reserves into share capital[6]. - The total cash dividend amount (including tax) distributed was ¥19,826,065.98, representing 11.59% of the net profit attributable to ordinary shareholders in the consolidated financial statements[150]. - The company did not propose a cash profit distribution plan despite having positive profits available for distribution to shareholders[148]. Audit and Compliance - The company received a standard unqualified audit report from Guangdong Sinong Accounting Firm[5]. - There are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has no violations in decision-making procedures for external guarantees[8]. - The company has not disclosed any major risk warnings in the report[8]. - All board members attended the board meeting to ensure the report's accuracy[4]. - The company has implemented internal control systems, with no significant deficiencies reported during the period[153]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder interests[116]. Operational Developments - The company plans to enhance its supply chain integration and collaboration strategies to improve operational efficiency[24]. - The decline in net profit is primarily attributed to the accrual of convertible bond interest based on market yields for similar risk enterprises[25]. - The company expanded its logistics services by adding Panasonic refrigerator and health product businesses, and continued growth in cross-border e-commerce logistics, including new warehousing services for Shein[35]. - The Jiacheng International Port Phase II project was completed and began operations, featuring five logistics centers, with significant areas dedicated to e-commerce and automotive parts logistics[36]. - The company signed a cooperation agreement with Beiqi Foton for autonomous driving projects, focusing on applications in logistics parks and port operations[35]. Strategic Initiatives - The company aims to enhance its logistics services through the establishment of smart and automated warehouses, supported by local government policies[36]. - The company signed a land use rights transfer contract with the Hainan Yangpu Economic Development Zone, planning to invest in the Tianyun International (Hainan) Smart Processing and Distribution Center project, covering an area of 77,069.76 square meters[37]. - The company plans to build the Jiacheng International (Sanya) Super Cloud Smart World Port project in Sanya, with a total construction area of 235,300 square meters, aiming to create a leading smart logistics center in Hainan[38]. - The company established a joint venture with China Travel Service Huamao International Logistics Co., Ltd. to build the Greater Bay Area Jiacheng International Super World Port, covering approximately 500,000 square meters, with operations expected to start in 2023[39]. - The company signed a strategic cooperation agreement with the Industrial and Commercial Bank of China, securing a total of 3 billion RMB in comprehensive financial services to support its logistics center projects[40]. Technological Innovation - The company emphasizes technological innovation, focusing on IoT, AI, big data, cloud computing, and blockchain to drive logistics development and digital transformation[42]. - The company is actively engaging in industry-academia collaboration with institutions like South China University of Technology to enhance its R&D capabilities[62]. - The application of RFID technology in logistics management has significantly improved sorting efficiency and accuracy, particularly in container identification systems, allowing for real-time tracking and management of container movements[55]. - The company is transitioning from traditional logistics to innovative technology logistics, emphasizing digital transformation and the establishment of a big data center[111]. - The company is exploring the use of autonomous driving technology to reduce logistics costs, which currently account for 33.6% of domestic freight costs, and improve efficiency in long-distance transportation[112]. Market Trends - In 2022, the total social logistics volume in China reached 34.76 trillion RMB, with a year-on-year growth of 3.4%, indicating a stable recovery in logistics demand[44]. - The logistics volume of high-tech manufacturing increased by 7.4% year-on-year, outpacing the overall industrial logistics growth by 3.8 percentage points[46]. - The cross-border e-commerce foreign trade penetration rate in China reached 42% in 2022, up from 39% in 2020[48]. - Cross-border e-commerce imports and exports increased from 1 trillion yuan in 2018 to 2.11 trillion yuan in 2022, representing a year-on-year growth of 9.8%[48]. Human Resources - The company reported a total of 1,237 employees, with 962 in the parent company and 275 in major subsidiaries[143]. - The workforce includes 797 production personnel, 93 sales personnel, 125 technical personnel, 40 financial personnel, and 182 administrative personnel[143]. - The company has a total of 8 employees with a master's degree or above, and 629 with a bachelor's degree[143]. - The company has implemented a talent development strategy, focusing on internal training and external recruitment to enhance its technical and management capabilities[113]. Shareholder Information - The total shareholding of the Chairman, Duan Rongwen, increased from 5,133.22 million shares at the beginning of the year to 7,443.17 million shares by the end of the year, reflecting an increase of 2,309.95 million shares due to profit distribution[122]. - The Vice Chairman, Huang Yanting, saw her shareholding rise from 1,851.08 million shares to 2,684.07 million shares, an increase of 832.99 million shares[122]. - The company reported a total of 9,524.03 million shares at the beginning of the reporting period, increasing to 13,809.85 million shares by the end of the period[123]. - The largest shareholder, Duan Rongwen, holds 31.91% of the shares[198]. - The company has no significant changes in controlling shareholders during the reporting period[193].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 334,607,346.97, representing a year-on-year increase of 1.42%[5] - The net profit attributable to shareholders for Q3 2022 was CNY 57,345,480.76, a decrease of 3.47% compared to the same period last year[5] - The basic earnings per share for Q3 2022 was CNY 0.26, down 27.78% year-on-year, primarily due to an increase in total shares outstanding[6] - The weighted average return on equity for Q3 2022 was 2.59%, a decrease of 0.34 percentage points from the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 54,860,380.25, down 4.47% year-on-year[5] - The company's net profit attributable to shareholders for the first three quarters of 2022 was RMB 1.17 billion, compared to RMB 1.03 billion in the previous year, representing a growth of approximately 13.8%[23] - The total comprehensive income for Q3 2022 was CNY 163,932,283.55, compared to CNY 160,607,670.65 in the same period last year, indicating an increase of about 2.18%[26] - Operating profit for Q3 2022 reached CNY 191,031,870.75, slightly up from CNY 186,576,592.41 in Q3 2021, reflecting a growth of around 0.24%[25] Assets and Equity - The total assets at the end of Q3 2022 reached CNY 3,434,914,875.73, reflecting a growth of 21.07% compared to the end of the previous year[6] - The total equity attributable to shareholders increased by 12.61% year-on-year, reaching CNY 2,292,460,407.48[6] - As of September 30, 2022, the company's total assets reached RMB 3.43 billion, an increase from RMB 2.84 billion at the end of 2021, representing a growth of approximately 21%[22] - The company's total current assets amounted to RMB 1.75 billion, up from RMB 1.28 billion year-on-year, indicating a growth of about 37%[21] - The company's fixed assets increased to RMB 657.85 million from RMB 478.01 million, showing a growth of about 37.5%[21] Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 90,099,865.88, showing a slight increase of 1.87%[6] - Cash flow from operating activities for the first three quarters of 2022 was CNY 90,099,865.88, compared to CNY 88,443,778.73 in the same period of 2021, showing a modest increase of 1.87%[28] - Cash flow from investing activities for the first three quarters of 2022 was negative at CNY -249,415,881.64, an improvement from CNY -462,351,678.80 in the previous year[29] - Cash flow from financing activities generated a net inflow of CNY 638,192,993.99 in Q3 2022, significantly higher than CNY 236,296,832.79 in Q3 2021, marking an increase of approximately 169.5%[29] - The total cash and cash equivalents at the end of Q3 2022 stood at CNY 658,426,051.41, compared to CNY 287,322,528.06 at the end of Q3 2021, reflecting a significant increase of approximately 129.1%[29] - The company’s cash and cash equivalents rose to RMB 717.74 million, up from RMB 238.90 million, indicating a substantial increase of approximately 200%[20] Shareholder Information - The company reported a total of 11,105,000 ordinary shares outstanding at the end of the reporting period[12] - The top shareholder, Duan Rongwen, holds 31.91% of the shares, totaling 74,431,658 shares[12] Strategic Initiatives - The company has completed the main structure of the Jiacheng International Port Phase II, which includes 5 logistics centers, with full operations on the first floor and partial operations on the third and fourth floors[14] - The company signed a contract to acquire land use rights for the Tianyun International (Hainan) Smart Processing and Distribution Center, covering an area of 77,069.76 square meters, with construction expected to be completed by 2024[16] - The company has established a joint venture with China Travel Service International Logistics to create the Guangdong Jiacheng International Aviation Company, aiming to operate a fleet of 50 aircraft by 2032[17] - The company has signed a cooperation agreement with Beiqi Foton Motor Co., Ltd. to develop autonomous driving projects in logistics and port operations[18] - The company has entered into a cross-border e-commerce warehousing service agreement with Shein, which is expected to generate profits exceeding 10% of the company's net profit for 2021[15] - The company plans to build a modern smart super transfer center in Sanya, with an estimated total investment of approximately 800 million RMB[17] - The company is focusing on upgrading transportation and delivery technologies, including autonomous driving, to enhance operational efficiency and address driver shortages[18] - The company aims to expand its logistics services and enhance its supply chain capabilities through innovative technologies such as big data and artificial intelligence[17] Debt and Financing - The company reported a significant reduction in short-term borrowings, decreasing from RMB 186.79 million to RMB 58.49 million, a drop of approximately 69%[22] - The company raised a total of RMB 800 million through the issuance of convertible bonds, primarily for the construction of a cross-border e-commerce smart logistics center[19] Tax and Other Income - The company reported a tax expense of CNY 28,581,109.09 for Q3 2022, a decrease from CNY 30,168,210.02 in Q3 2021, representing a reduction of about 5.3%[25] - Other comprehensive income after tax for Q3 2022 was CNY 1,212,001.67, a recovery from a loss of CNY -98,005.44 in the same period last year[26]

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[17] - The net profit attributable to shareholders was RMB 80 million, up 20% compared to the same period last year[17] - The company's operating revenue for the first half of the year reached ¥623.25 million, representing a 4.51% increase compared to the same period last year[18] - Net profit attributable to shareholders was ¥105.35 million, up 4.70% year-over-year[18] - The company has set a revenue target of RMB 1.2 billion for the full year 2022, indicating a growth forecast of 10%[17] - The company reported a revenue of RMB 623.25 million for the reporting period, representing a 4.51% increase compared to RMB 596.38 million in the same period last year[48] - The company's operating costs increased to RMB 441.38 million, up 3.75% from RMB 425.42 million, in line with the revenue growth[48] - The net cash flow from operating activities increased by 12.68% to ¥67.48 million[18] - The company reported a net profit of CNY 294.64 million from its major subsidiary, Dajin Supply Chain[53] - The company reported a net loss of ¥18,498,966.24 for the period[110] User Growth and Market Position - User data showed an increase in active users by 25%, reaching a total of 1.5 million users[17] - The company is exploring potential acquisitions in the logistics sector to strengthen its market position[17] - The company has accumulated extensive experience in cross-border e-commerce logistics since 2014, enhancing its service capabilities[31] - The company is focused on providing customized logistics solutions and integrated supply chain services for manufacturing clients[23] Strategic Initiatives - A strategic partnership was established with a major e-commerce platform to enhance delivery efficiency and customer reach[17] - The company plans to expand its logistics network by opening 10 new distribution centers by the end of 2023[17] - The company is committed to becoming a leading logistics enterprise that can compete with international firms by leveraging its digital and physical logistics capabilities[27] - The company plans to establish a joint venture with China Travel Service (Hong Kong) International Logistics Co., Ltd. to set up a cargo airline, Guangdong Huamao Jiacheng International Airlines Co., Ltd., focusing on air logistics and international freight forwarding[41] Technological Advancements - Research and development expenses increased by 30%, totaling RMB 50 million, focusing on new technologies such as RFID and VMI systems[17] - The company has continuously invested in digital transformation, enhancing logistics efficiency and creating a core competitive advantage that is difficult for others to replicate[27] - The application of RFID technology in logistics management has significantly improved sorting efficiency and accuracy, enhancing overall operational effectiveness[30] - The company is focusing on technological innovation, exploring key technologies such as IoT, AI, big data, and cloud computing to drive digital transformation and enhance logistics efficiency[46] Financial Management - The company has secured a strategic cooperation agreement with Industrial and Commercial Bank of China, which will provide comprehensive financial services support totaling RMB 3 billion, aimed at reducing financing costs and improving capital efficiency[43] - The company plans to issue convertible bonds to raise up to RMB 800 million, primarily for the construction of a cross-border e-commerce smart logistics center, enhancing its logistics capabilities and service efficiency[44] - Cash and cash equivalents increased by 87.89% to CNY 448.88 million, representing 15.97% of total assets[51] - The total owner's equity at the end of the reporting period is RMB 2,006,200,025.25, an increase from RMB 1,713,550,491.39 at the end of the previous year, representing a growth of approximately 17.0%[115] Operational Efficiency - The gross margin improved to 25%, up from 22% in the previous year, reflecting better cost management[17] - The company leverages advanced logistics information management systems to enhance operational efficiency in e-commerce logistics[24] - The company integrates supply chain management across all stages, providing "one-stop" logistics services and achieving just-in-time (JIT) logistics delivery[28] - The company has established a high-standard warehouse infrastructure, with some projects achieving a space utilization efficiency three times that of ordinary warehouses[32] Risks and Challenges - The company faces risks from the ongoing COVID-19 pandemic affecting construction project timelines and costs[54] - The company is exposed to international political risks that may impact its cross-border trade operations[54] Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 7,618[77] - The top three shareholders hold the following percentages: Duan Rongwen 31.91%, Huang Yanting 11.51%, and Huang Ping 8.93%[78] - Major shareholders have committed to not reducing their holdings below the initial public offering price during the two years following the lock-up period[66] Compliance and Governance - The company has not proposed any profit distribution or capital reserve transfer for the 2022 half-year period[60] - The company has not reported any violations or penalties against its directors, supervisors, senior management, or controlling shareholders during the reporting period[69] - The company has not engaged in any significant related party transactions during the reporting period[70]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 283,178,766.44, representing a year-on-year increase of 13.12%[5] - The net profit attributable to shareholders for the same period was CNY 41,551,796.35, reflecting a growth of 6.95% compared to the previous year[5] - The basic earnings per share for Q1 2022 stood at CNY 0.26, with diluted earnings per share also at CNY 0.26[6] - Total operating revenue for Q1 2022 was CNY 283,178,766.44, an increase of 13.1% compared to CNY 250,338,513.91 in Q1 2021[23] - Net profit for Q1 2022 reached CNY 41,726,803.73, representing a 6.8% increase from CNY 39,076,005.68 in Q1 2021[24] - The company reported an increase in long-term equity investments to CNY 5,827,976.76 from CNY 5,732,168.47 in the previous quarter[21] - The company’s other income for Q1 2022 was CNY 1,133,431.07, an increase from CNY 683,219.46 in Q1 2021[24] - In Q1 2022, the company reported a total comprehensive income of CNY 41,775,299.84, an increase from CNY 39,171,125.39 in Q1 2021, representing a growth of approximately 6.5%[25] Cash Flow and Assets - The net cash flow from operating activities was CNY 20,997,678.98, with no applicable year-on-year comparison[5] - The company reported a cash balance of RMB 285,606,083.51 as of March 31, 2022, compared to RMB 238,904,083.64 at the end of 2021, indicating an increase of approximately 19.5%[18] - The company's cash and cash equivalents decreased to CNY 130,722,826.43 from CNY 130,256,539.46 in the previous quarter[21] - The company's inventory decreased to CNY 162,900,186.62 from CNY 212,044,238.40 in the previous quarter, indicating a reduction of 23.2%[21] - The cash and cash equivalents at the end of Q1 2022 stood at CNY 215,937,472.16, an increase from CNY 142,857,417.05 at the end of Q1 2021[29] - The total cash inflow from investment activities was CNY 786,244,555.60, a substantial increase from CNY 25,230,801.42 in Q1 2021[28] - The company’s total cash outflow from investment activities was CNY 768,170,528.80, compared to CNY 215,637,980.70 in the previous year, indicating a significant increase in investment expenditures[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,863[9] - The largest shareholder, Duan Rongwen, holds 31.91% of the shares, totaling 51,332,178 shares[9] - The equity attributable to shareholders increased by 1.13% to CNY 2,058,850,778.60 compared to the previous year-end[6] Strategic Initiatives - The company has signed a contract to acquire land use rights for a project in Hainan, covering an area of 77,069.76 square meters, aimed at building a smart processing and logistics center[12] - The company plans to establish a joint venture cargo airline, Guangdong Jiacheng International Airlines, to enhance its logistics capabilities and integrate air freight services[13] - A strategic cooperation agreement was signed with Industrial and Commercial Bank of China, providing RMB 3 billion in comprehensive financial services to support the company's logistics projects[15] - The company is focusing on technological innovation, exploring key technologies such as IoT, AI, big data, and cloud computing to drive digital transformation in logistics[16] - The company has seen continuous growth in cross-border e-commerce logistics, contributing to its overall supply chain integration business[12] - The company is investing in the construction of the Greater Bay Area Jiacheng International Super World Port, positioning it as a leading international logistics hub[13] - The company has established partnerships to enhance its logistics services, including a collaboration with Beiqi Foton Motor Co., Ltd. for autonomous driving projects[14] Operational Efficiency - The company aims to upgrade its transportation and delivery technologies, including autonomous driving, to address the shortage of truck drivers and improve operational efficiency[14] - Total operating costs for Q1 2022 were CNY 236,680,487.21, up 14.6% from CNY 206,514,963.15 in Q1 2021[23] - The company's financial expenses for Q1 2022 were CNY 2,982,221.13, compared to a financial income of CNY 537,972.11 in Q1 2021[24] - The company recorded cash outflows from operating activities of CNY 323,662,115.37, compared to CNY 288,826,960.37 in Q1 2021, reflecting an increase of approximately 12.1%[28] - Investment activities generated a net cash inflow of CNY 18,074,026.80 in Q1 2022, a recovery from a net outflow of CNY -190,407,179.28 in the same period last year[28] - The company’s financing activities resulted in a net cash inflow of CNY 1,456,858.42, contrasting with a net outflow of CNY -48,387,244.44 in Q1 2021[29]

Financial Performance - The company's operating revenue for 2021 was CNY 1,269,049,480.08, representing a year-on-year increase of 10.22% compared to CNY 1,151,376,646.21 in 2020[22]. - The net profit attributable to shareholders for 2021 was CNY 182,402,171.44, which is a 12.86% increase from CNY 161,618,454.65 in 2020[22]. - The basic earnings per share for 2021 was CNY 1.19, up 11.21% from CNY 1.07 in 2020[24]. - The weighted average return on equity for 2021 was 9.75%, slightly increasing from 9.68% in 2020[24]. - The total assets at the end of 2021 were CNY 2,837,155,517.28, reflecting a 19.50% increase from CNY 2,374,104,232.16 at the end of 2020[23]. - The net cash flow from operating activities decreased by 25.45% to CNY 77,710,088.72 in 2021 from CNY 104,232,318.55 in 2020[23]. - The company reported a total non-operating income of RMB 19,449,064.20, with a significant increase compared to the previous period's loss of RMB -18,460,320.51[28]. - The company reported a total of CNY 3,064,142.53 in gains from fair value changes of financial assets in 2021, compared to a loss of CNY 38,239,040.33 in 2020[27]. Dividend and Capital Structure - The company plans to distribute a cash dividend of 1.15 RMB per 10 shares, totaling 18,498,966.24 RMB for the year 2021[5]. - The company will increase its capital reserve by issuing 4.5 additional shares for every 10 shares held by shareholders[5]. - The company has successfully raised RMB 130,061,360.20 through a private placement, increasing total shares from 150,400,000 to 160,860,576, enhancing its capital structure[36]. Audit and Compliance - The company has received a standard unqualified audit report from Guangdong Sinong Accounting Firm[4]. - The board of directors and senior management have confirmed the accuracy and completeness of the annual report, with no false records or major omissions[7]. - The company has engaged Guangdong Sinong Accounting Firm for auditing services, ensuring compliance and accuracy in financial reporting[20]. Operational Developments - The company operates several wholly-owned subsidiaries, including Jiacheng Global and Tianyun Technology[11]. - The company is involved in various logistics and supply chain management activities, enhancing operational efficiency through technologies like RFID and VMI[12]. - The company is focused on expanding its logistics capabilities and enhancing service offerings in the supply chain sector[12]. - The company has completed the construction of the main structure of the second phase of the Jiacheng International Port, which is now in trial operation, supporting logistics for major e-commerce platforms like Lazada[35]. - The company has established a strategic partnership with major e-commerce platforms, including Douyin and Shein, to enhance its cross-border e-commerce logistics capabilities[33]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[22]. - The company plans to leverage its logistics capabilities to support the growing demand for duty-free goods in Hainan, enhancing its market position[37]. - The company plans to establish modern international logistics hubs in cities like Ningbo, Hangzhou, and Zhengzhou, aiming to replicate its integrated logistics model from Guangdong Nansha Free Trade Zone[40]. - The company is actively pursuing new product development and technological advancements to stay competitive in the market[132]. - The company aims to enhance its cross-border e-commerce logistics services through the establishment of overseas warehouses, improving delivery times and reducing costs[39]. Technology and Innovation - The company is focusing on technology-driven logistics solutions, integrating IoT, AI, big data, and cloud computing to enhance its operational capabilities and digital transformation[40]. - The application of RFID and IoT technologies significantly enhances sorting efficiency and accuracy in logistics management[52]. - The company is transitioning from traditional logistics to innovative technology logistics, focusing on digital construction and establishing a big data center to enhance operational efficiency and service quality[109]. - The company plans to implement autonomous driving technology in logistics operations, which is expected to significantly reduce logistics costs and improve efficiency, with pilot projects in key logistics areas[111]. Governance and Shareholder Relations - The company held 4 shareholder meetings during the reporting period, ensuring equal treatment of all shareholders through a combination of on-site and online voting[120]. - The board of directors consists of 9 members, including 3 independent directors, and held 14 meetings to review 64 proposals, adhering to legal and procedural requirements[122]. - The company has established a governance structure that ensures clear responsibilities and effective checks and balances among its various bodies[120]. - The company has committed to measures to mitigate the dilution of immediate returns from the issuance of convertible bonds[127]. - The company plans to implement a shareholder return plan for the next three years (2021-2023)[141]. Employee and Training Initiatives - The company has a total of 1,165 employees, with 902 in the parent company and 263 in major subsidiaries[151]. - The company has established a comprehensive training system for employees, focusing on enhancing overall quality and competitiveness[153]. - The company has emphasized the importance of employee training and development to meet sustainable operational needs[153]. Risks and Legal Matters - There are no significant risks or non-operational fund occupation by controlling shareholders[8]. - The company faces risks related to international political relations and trade policies, which could adversely affect its cross-border logistics services[116]. - The company is currently involved in a lawsuit with a claim amounting to RMB 966,912.91, which is still under court review[179]. - There are no major related party transactions or changes in related transactions reported during the period[181]. Industry Trends and Economic Outlook - In 2021, China's total import and export volume reached RMB 39.1 trillion, reflecting a year-on-year growth of 21.4%, indicating a robust logistics demand driven by strong industrial production[45]. - The logistics industry in China is projected to see fixed asset investments exceeding RMB 3.5 trillion in 2021, with the establishment of 70 national logistics hubs to enhance the logistics network[46]. - The logistics industry in China is projected to maintain a growth rate of around 6% for the year, despite challenges from the pandemic and supply chain issues[88].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 329,937,993.97, representing a year-over-year increase of 1.87%[5] - The net profit attributable to shareholders for the same period was CNY 59,404,900.41, reflecting a growth of 16.64% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was CNY 57,424,526.45, which is an increase of 26.28% year-over-year[6] - Total operating revenue for the first three quarters of 2021 reached CNY 926,314,692.74, an increase of 12.7% compared to CNY 822,017,138.63 in the same period of 2020[24] - The company's operating profit for Q3 2021 was approximately ¥186.58 million, an increase from ¥160.66 million in Q3 2020, representing a growth of about 16.14%[25] - The net profit attributable to shareholders for Q3 2021 was approximately ¥160.03 million, compared to ¥132.15 million in Q3 2020, reflecting an increase of approximately 20.99%[26] - The total comprehensive income for Q3 2021 was approximately ¥160.61 million, compared to ¥131.93 million in Q3 2020, representing an increase of about 21.73%[26] Cash Flow and Liquidity - The cash flow from operating activities showed a net decrease of 32.87%, totaling CNY 88,443,778.73 year-to-date[6] - The company's cash and cash equivalents decreased to CNY 353,633,521.68 as of September 30, 2021, down 31.2% from CNY 514,530,527.32 at the end of 2020[20] - The total cash inflow from operating activities for the first nine months of 2021 was approximately ¥1.06 billion, compared to ¥881.01 million in the same period of 2020, marking an increase of about 20.5%[29] - The net cash flow from operating activities for the first nine months of 2021 was approximately ¥88.44 million, down from ¥131.76 million in the same period of 2020, a decrease of about 32.7%[29] - The company's cash and cash equivalents at the end of Q3 2021 were approximately ¥287.32 million, down from ¥406.66 million at the end of Q3 2020, a decrease of about 29.3%[30] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,752,065,602.86, up 15.92% from the end of the previous year[6] - The total liabilities increased to CNY 729,766,071.52, up from CNY 625,737,187.64 at the end of 2020, marking a rise of 16.6%[21] - The equity attributable to shareholders increased to CNY 2,015,022,540.38, up from CNY 1,741,763,874.57 at the end of 2020, reflecting a growth of 15.7%[21] - Total current assets amounted to ¥1,229,663,149.33 as of December 31, 2020[33] - Total non-current assets reached ¥1,144,441,082.83, contributing to total assets of ¥2,374,104,232.16[34] - Total current liabilities were ¥602,423,626.42, while total liabilities stood at ¥625,737,187.64[35] Business Expansion and Initiatives - The company reported a significant increase in net profit attributable to shareholders due to growth in existing business and new cross-border e-commerce initiatives[9] - The company is focusing on expanding its logistics business, particularly in cross-border e-commerce logistics, which has contributed to the revenue growth[9] - The net profit after deducting non-recurring gains and losses for the first three quarters increased by nearly 45% year-on-year, with new logistics supply chain business, especially cross-border e-commerce export logistics, contributing over RMB 60 million in revenue[14] - The company has expanded its core business and improved profitability, with significant growth in cross-border e-commerce import and export business, including the addition of Tmall International bulk trade business[14] - The company has signed an investment agreement for the Tianyun International (Hainan) Smart Processing and Distribution Center project, which is expected to generate approximately RMB 1.2 billion in annual revenue and contribute about RMB 240 million in profit[17] - The company is focusing on expanding its logistics business in the automotive sector, having secured logistics contracts with BAIC Group and GAC Group suppliers[15] - The company is investing in smart logistics technology, including IoT, AI, big data, cloud computing, and blockchain, to drive digital transformation[15] - The second phase of the Jiacheng International Port is nearing completion and is expected to begin large-scale operations within the year[17] - The company aims to enhance its core competitiveness through mergers and acquisitions with companies that have technological innovation capabilities and quality customer resources[15] Costs and Expenses - Total operating costs for the first three quarters of 2021 were CNY 746,140,654.56, up from CNY 691,378,051.94 in 2020, reflecting an increase of 7.9%[24] - The company anticipates that the increase in raw material prices may impact overall construction costs[17] - Research and development expenses for the first three quarters of 2021 were CNY 13,453,125.66, slightly up from CNY 12,806,932.59 in the same period of 2020[24] - The company reported an investment income of CNY 3,567,199.35 for the first three quarters of 2021, a decrease from CNY 28,688,952.93 in the same period of 2020[24] Shareholder Information - The basic earnings per share for the quarter was CNY 0.36, with a year-to-date figure of CNY 1.06, marking a 20.45% increase[6] - The basic and diluted earnings per share for Q3 2021 were both ¥1.06, up from ¥0.88 in Q3 2020, indicating a growth of approximately 20.45%[26] - The company completed a private placement of shares, raising a net amount of RMB 130,061,360.20, increasing total share capital from 150,400,000 shares to 160,860,576 shares[16] - Shareholders' equity totaled ¥1,748,367,044.52, with total equity attributable to the parent company at ¥1,741,763,874.57[35] - The company maintains a strong equity position with retained earnings of ¥864,689,529.93, providing a buffer for future investments[35]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[10]. - The net profit attributable to shareholders was 150 million RMB, up 20% compared to the same period last year[10]. - The company's operating revenue for the first half of 2021 was CNY 596,376,698.77, representing a 19.72% increase compared to CNY 498,150,793.72 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2021 was CNY 100,626,954.67, up 23.89% from CNY 81,221,791.51 year-on-year[18]. - The net profit after deducting non-recurring gains and losses increased by 57.98% to CNY 93,844,655.03 from CNY 59,401,644.77 in the previous year[18]. - The company reported a net profit of 211.93 million RMB for the first half of 2021, representing a significant increase compared to previous periods[54]. - The company reported a net profit of 79,568,280.53, reflecting a strong performance in profitability[123]. - The total comprehensive income for the first half of 2021 was CNY 86,702,014.88, compared to CNY 50,185,614.35 in the same period of 2020[108]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2022[10]. - Future guidance indicates a projected revenue growth of 10-15% for the second half of 2021[10]. - The logistics sector is expected to grow by 8% in the next year, providing a favorable environment for the company's expansion plans[10]. - The company is actively expanding its logistics service share in the duty-free consumption market in Hainan, leveraging the growing demand for logistics services due to the development of the free trade port[34]. - The company is planning to conduct mergers and acquisitions to enhance its core competitiveness by targeting companies with innovative technologies and quality resources[44]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its operational capabilities[124]. Technology and Innovation - New product development includes the launch of a logistics management system, expected to improve operational efficiency by 40%[10]. - The company has invested 200 million RMB in technology upgrades, focusing on RFID and VMI systems to enhance supply chain management[10]. - The company has accumulated rich experience in applying IoT and RFID technology in logistics management, significantly improving sorting efficiency and accuracy[30]. - The company aims to leverage advanced technologies such as IoT, AI, big data, and blockchain to drive digital transformation in logistics[43]. - The company has established long-term partnerships with major manufacturers such as Panasonic, Sumitomo Electric, and Hitachi, enhancing its customer resource advantages in the logistics market[36]. Logistics and Supply Chain - The company provides comprehensive logistics services for cross-border e-commerce, including customs clearance, international shipping, and last-mile delivery, leveraging its advanced logistics management systems[32]. - The company has established a high-standard warehouse infrastructure with a planned capacity of approximately 1.8 million square meters, enhancing operational efficiency and reducing costs[33]. - The high-standard warehouses have a planning volume ratio of 2.5-3, which is about three times more efficient than ordinary warehouses, significantly lowering land costs[33]. - The company has been providing logistics services for Alibaba Group since 2014, expanding its business cooperation and scale in the cross-border e-commerce sector[32]. - The company has developed a comprehensive logistics service model that includes transportation, warehousing, customs clearance, and distribution, positioning itself as a leader in the cross-border e-commerce logistics sector[35]. Financial Position and Assets - The company's total assets at the end of the reporting period were CNY 2,492,416,369.45, a 4.98% increase from CNY 2,374,104,232.16 at the end of the previous year[18]. - The total assets of the company reached 3,382.34 million RMB, with net assets amounting to 2,275.42 million RMB[54]. - The total liabilities rose to RMB 659,583,121.55 from RMB 625,737,187.64, indicating an increase of around 5.4%[97]. - The total equity attributable to shareholders at the end of the period was 1,596,229,197.36, indicating a solid financial position[123]. - The total liabilities at the end of the period were 1,825,623,479.64, which the company aims to manage effectively[123]. Research and Development - Research and development expenses increased by 21.41% to ¥8,347,486.30, reflecting investments in new projects[48]. - The company is collaborating with universities for research and development, enhancing its logistics technology capabilities through partnerships with institutions like South China University of Technology[37]. - Research and development expenditures are classified into research phase and development phase, with research phase costs expensed as incurred[198]. Governance and Compliance - The company has appointed new independent directors, indicating a shift in governance structure[64]. - The company has undergone changes in its board of directors, with new independent directors elected during the 2021 second extraordinary shareholders' meeting[65]. - The company confirms its ability to continue as a going concern for at least 12 months from the reporting date[135]. - The financial statements comply with the enterprise accounting standards, reflecting the company's financial position accurately[137]. Risks and Challenges - The company is facing risks related to the ongoing COVID-19 pandemic, which may impact construction project timelines and costs[56]. - The company’s logistics services are heavily reliant on the manufacturing sector, which poses a risk if manufacturing industry conditions fluctuate[58]. - The company has implemented various information systems to support its diversified business operations, but this also introduces potential information system risks[58].

Financial Performance - Operating revenue increased by 60.12% year-on-year, reaching ¥250,338,513.91[5] - Net profit attributable to shareholders rose by 11.81% to ¥38,852,717.00[5] - Net profit excluding non-recurring gains and losses surged by 111.16% to ¥37,433,357.50[5] - Basic and diluted earnings per share improved by 13.04% to ¥0.26[5] - The company reported a net profit for Q1 2021 of ¥35,687,184.18, compared to ¥18,545,879.45 in Q1 2020, indicating an increase of about 92%[33] - The operating profit for Q1 2021 was ¥41,179,915.42, up from ¥21,580,903.07 in Q1 2020, reflecting a growth of approximately 91%[32] - Total operating revenue for Q1 2021 was CNY 250,338,513.91, an increase of 60.0% compared to CNY 156,344,892.41 in Q1 2020[28] Cash Flow and Liquidity - Cash flow from operating activities showed a significant decline, with a net outflow of ¥45,011,181.51 compared to a positive cash flow of ¥1,414,267.56 in the same period last year[5] - The cash flow from operating activities for Q1 2021 was negative at -¥45,011,181.51, a decline from a positive cash flow of ¥1,414,267.56 in Q1 2020[34] - The total cash outflow for operating activities was ¥124,071,951.75, an increase of 22.4% from ¥101,405,984.55 in Q1 2020[38] - The company reported a net cash outflow from investing activities of -¥190,407,179.28 in Q1 2021, compared to -¥252,861,553.70 in Q1 2020[35] - The net cash flow from investing activities was -¥177,033,950.20, worsening from -¥142,721,329.35 in Q1 2020[38] - Cash and cash equivalents decreased by 54.85% to ¥232,330,125.97 from ¥514,530,527.32 due to payments for project costs and accounts payable[11] Assets and Liabilities - Total assets decreased by 3.84% from the end of the previous year, amounting to ¥2,282,990,860.14[5] - Current assets totaled ¥1,045,377,081.84, down from ¥1,229,663,149.33, indicating a decrease of about 14.97%[20] - Total liabilities decreased to ¥512,053,056.84 from ¥625,737,187.64, a reduction of about 18.16%[21] - Shareholders' equity increased to ¥1,770,937,803.30 from ¥1,748,367,044.52, reflecting a growth of approximately 1.29%[21] - The company reported a decrease in short-term borrowings to ¥50,045,833.33 from ¥98,055,805.56, a reduction of approximately 48.92%[20] Research and Development - Research and development expenses increased by 37.73% to RMB 4,450,605.65, reflecting higher investment in R&D activities[12] - The company's R&D expenses in Q1 2021 amounted to ¥4,450,605.65, compared to ¥3,231,497.70 in Q1 2020, marking an increase of about 38%[32] Shareholder Information - The total number of shareholders reached 7,987[9] - The largest shareholder, Duan Rongwen, holds 33.47% of the shares, totaling 50,345,000 shares[9] Government Support - Government subsidies recognized in the current period amounted to ¥683,219.46[7] Strategic Initiatives - The company plans to invest in the "Jiacheng International (Hainan) Multifunctional Smart Logistics Center" in Haikou, Hainan, with preliminary planning and design already underway[13] - The company has begun trial operations of the Jiacheng International Port (Phase II) and plans to scale operations within the year, expanding its logistics services for cross-border e-commerce[14] - The company has identified key cities for developing modern international logistics hubs, including Ningbo, Hangzhou, and Zhengzhou, to replicate its cross-border e-commerce logistics model[15] Investment Income - The company reported a 96.22% decrease in investment income to RMB 815,184.44, primarily due to reduced returns from financial products purchased during the period[12]

Dividend Policy - The company plans to distribute a cash dividend of 1.10 RMB per 10 shares, totaling approximately 16,544,000 RMB (including tax) based on a total share capital of 150,400,000 shares as of December 31, 2020[5]. - The company has maintained a consistent dividend distribution policy, adjusting the total distribution amount in case of changes in total share capital before the dividend record date[5]. - The company has consistently provided cash dividends to shareholders, distributing 15.04 million yuan for the 2019 fiscal year and planning a similar distribution for 2020[56]. - The company has implemented a cash dividend policy, planning to distribute 1.10 RMB per share for the year 2020, with a total cash dividend amounting to 16,544,000 RMB[111]. Financial Performance - The company's operating revenue for 2020 was CNY 1,151,376,646.21, a decrease of 3.59% compared to CNY 1,194,210,118.54 in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 161,618,454.65, an increase of 26.39% from CNY 127,868,422.41 in 2019[21]. - The net cash flow from operating activities decreased by 46.55% to CNY 104,232,318.55 in 2020 from CNY 195,015,550.89 in 2019[21]. - The total assets at the end of 2020 were CNY 2,374,104,232.16, representing a 14.20% increase from CNY 2,078,819,158.42 at the end of 2019[21]. - The basic earnings per share for 2020 was CNY 1.07, up 25.88% from CNY 0.85 in 2019[22]. - The weighted average return on equity increased by 1.39 percentage points to 9.68% in 2020 from 8.29% in 2019[22]. - Operating profit reached CNY 193,338,700, a year-on-year increase of 37.26%[57]. - The company reported a net profit margin of 10.24% for the year 2020, reflecting its profitability and operational efficiency[111]. Audit and Compliance - The company has received a standard unqualified audit report from Huaxing Accounting Firm[4]. - The company has confirmed that all board members attended the board meeting, ensuring the authenticity and completeness of the annual report[6]. - The company has not identified any major risks that could affect the financial report[6]. - The company has not reported any violations of decision-making procedures regarding external guarantees[6]. - The company has not faced any issues with more than half of the directors being unable to guarantee the authenticity of the annual report[6]. - The company has established a governance structure to ensure compliance with regulations and protect investor rights, enhancing its operational stability[105]. - The company has committed to comply with relevant laws and regulations regarding the trading of shares by major shareholders and executives[116]. Market and Industry Trends - In 2020, China's GDP reached 101.6 trillion yuan, with a year-on-year growth of 2.3%, making it the only major economy to grow positively amid the pandemic[33]. - The total logistics cost in China for 2020 was 14.90 trillion yuan, reflecting a year-on-year increase of 2.00%[33]. - The online retail sales in China for 2020 amounted to 11,760.1 billion yuan, growing by 10.90% year-on-year, and accounting for 24.9% of total retail sales[36]. - The logistics cost as a percentage of GDP in China decreased from 16.00% in 2015 to 14.70% in 2020, indicating significant cost reduction and efficiency improvements in the logistics sector[34]. - The logistics industry is expected to see a continued increase in third-party logistics penetration, driven by the demand for efficient and cost-effective logistics solutions[35]. - The logistics industry is expected to maintain a growth rate of over 10%, driven by the expansion of downstream customers and the demand for high-standard warehouses[102]. Strategic Initiatives - The company plans to continue expanding its market presence and enhancing its logistics capabilities in the coming years[19]. - The company has engaged Guodu Securities as the sponsor for its non-public offering of A-shares, indicating a strategic move for capital raising[19]. - The company aims to enhance its logistics services through automation and advanced information management systems, particularly for e-commerce clients[32]. - The company has established a strategic cooperation framework with the Haikou Comprehensive Free Trade Zone Management Committee to invest in a multifunctional smart logistics center in Hainan[41]. - The company aims to achieve a global logistics strategy by establishing a second multifunctional smart logistics center in Yangpu Economic Development Zone, Hainan[41]. - The company plans to invest 2.388 billion RMB in the construction of the "Greater Bay Area (South China) International E-commerce Port" project, covering an area of approximately 90,800 square meters[89]. Research and Development - The company invested CNY 16,948,108.14 in R&D, accounting for 1.47% of operating revenue[70]. - The company has obtained 11 new utility model patents and 9 software copyrights during the reporting period, totaling 112 patents to date[43]. - The company has received multiple patents in 2020, including a stackable tire pallet and a logistics transport balance testing device, each valid for ten years[183][184]. - The company obtained software copyrights for various systems, including a cloud-based customized home logistics management system and an intelligent warehouse management system[184]. Social Responsibility - The company has actively participated in logistics support for COVID-19 prevention efforts, providing transportation services for medical supplies[135]. - The company has fulfilled its social responsibility by participating in the logistics of medical supplies during the COVID-19 pandemic[135]. - Jiacheng International was recognized as a "national key enterprise for epidemic prevention and control" by the National Development and Reform Commission on February 26, 2020[136]. - The company received multiple letters of appreciation from local government and society for its efforts in epidemic prevention[136]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,587, down from 6,882 the previous month[142]. - The top five shareholders held a total of 99,300,000 shares, representing 66.78% of the total shares[144]. - The largest shareholder, Duan Rongwen, held 50,345,000 shares, accounting for 33.47% of the total[144]. - The company’s major shareholders committed to not reducing their holdings before the completion of the non-public offering in 2020[140]. Management and Governance - The board of directors consists of individuals with extensive experience in logistics and supply chain management[154]. - The company has maintained a stable management team with no significant turnover reported during the year[152]. - The company has established a salary management system that aligns with market economy and modern enterprise management practices[161]. - The company emphasizes employee training, providing a comprehensive onboarding and continuing education system to enhance overall employee quality[162]. - The company has implemented a labor outsourcing strategy to optimize operational efficiency[164]. Risks and Challenges - The company faces risks related to high customer concentration, which may impact its performance if major clients do not renew contracts[106]. - The company acknowledges potential risks from international political relations and trade policies that could adversely affect its cross-border services[107].