Financial Performance - The company achieved a net profit attributable to shareholders of 17,967,068.06 CNY for the year 2022, while the parent company reported a net profit of 278,095,907.34 CNY[6]. - The undistributed profits amount to 624,391,631.23 CNY, which will be used for operational funds and project construction investments, with no profit distribution planned for 2022[6]. - The net profit attributable to shareholders of the listed company dropped by 79.14% to CNY 17,967,068.06 from CNY 86,152,262.06 in the previous year[25]. - The net cash flow from operating activities fell by 82.22% to CNY 33,998,289.86, down from CNY 191,213,758.78 in 2021[25]. - The basic earnings per share decreased by 80.00% to CNY 0.03 in 2022, compared to CNY 0.15 in 2021[26]. - The total assets at the end of 2022 were CNY 5,424,746,734.12, a decrease of 3.03% from CNY 5,594,116,749.16 at the end of 2021[25]. - The company reported a significant decrease in net cash flow from operating activities, down 82.22% to 33.99 million RMB, due to reduced sales collections[52]. - The company achieved a revenue of 3.96 billion RMB in 2022, a decrease of 12.11% year-on-year[50]. Operational Challenges - In 2022, the company's operating revenue decreased by 12.11% to CNY 3,957,605,741.43 compared to CNY 4,502,851,231.33 in 2021[25]. - The company experienced a decline in revenue due to factors such as temporary shutdowns of main engine plants in regions like Jilin and Shanghai, and a reduction in land transport volume to Europe[26]. - The company reported a significant increase in transportation costs and a decrease in gross profit margin due to rising fuel prices and price reductions from some main engine manufacturers[26]. - The company plans to focus on improving operational efficiency and exploring new market opportunities to recover from the current downturn[26]. Strategic Focus and Future Plans - The company plans to focus on sustainable development and greater performance returns for shareholders[6]. - The company is actively expanding its international business in response to the "Belt and Road" initiative, enhancing its overseas development strategy through joint ventures and establishing overseas subsidiaries[42]. - The company is focusing on digital transformation and intelligent upgrades, enhancing data utilization to support business and management decisions[38]. - The company plans to achieve a revenue of 5.685 billion yuan in 2023, representing a growth of 43.63% compared to 2022[98]. - The company aims to enhance its international logistics services by deepening partnerships with domestic and foreign manufacturers, focusing on high-quality resources in the international freight forwarding sector[99]. Market Trends and Industry Insights - The production and sales of new energy vehicles in China reached 7.058 million and 6.887 million units respectively in 2022, with year-on-year growth of 96.9% and 93.4%[41]. - The automotive logistics industry is expected to develop steadily, driven by the growth of the new energy vehicle market and the establishment of a unified national market[87]. - The company is positioned to leverage the growth in the automotive sector, particularly in the new energy vehicle segment, to enhance its market presence[86]. - The domestic automotive industry is transitioning from a high-growth phase to a mature phase, with weak brands gradually exiting the market, while leading brands, especially domestic ones, are expected to increase their market share and influence[88]. Governance and Compliance - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[5]. - The company has not encountered any interference from controlling shareholders in its decision-making processes[110]. - The company emphasizes the importance of credit management to mitigate accounts receivable risks from automotive manufacturers[102]. - The company has established a transparent performance evaluation and incentive mechanism for senior management[109]. Corporate Social Responsibility - The company emphasizes environmental protection and adheres to relevant regulations, with no significant penalties reported during the reporting period[156]. - The company made a total donation of 308,500 CNY during the reporting period[160]. - The company has not engaged in any activities related to poverty alleviation or rural revitalization during the reporting period[157]. Shareholder Relations - The company held 1 annual general meeting and 3 extraordinary general meetings during the reporting period, with all resolutions passed by shareholders[106]. - The total pre-tax compensation for the board members and senior management during the reporting period amounted to CNY 936.87 million[112]. - The company has not reported any changes in shareholding for the current and departing directors, supervisors, and senior management during the reporting period[112]. Risk Management - The report includes a risk statement regarding future plans and uncertainties, advising investors to be cautious[7]. - The company anticipates challenges from the automotive market due to factors like global economic recovery, consumer confidence, and stricter regulations[101]. - The company faces risks in international operations due to uncertainties in global trade and geopolitical factors[102].

Financial Performance - The company's operating revenue for Q3 2022 was ¥982,926,905.66, representing a year-on-year increase of 0.33%[7] - The net profit attributable to shareholders for Q3 2022 was ¥2,419,249.17, a significant increase of 202.50% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥2,970,589.47, reflecting a year-on-year decline of 79.69%[7] - The basic earnings per share for Q3 2022 was ¥0.00, a decrease of 94.00% compared to the same period last year[7] - The net profit attributable to shareholders decreased by 93.88% due to factors such as recurring pandemic impacts, the Russia-Ukraine conflict, and rising fuel prices[15] - The net profit attributable to the parent company's shareholders decreased to ¥3,027,500.87 from ¥49,482,031.03, representing a decline of approximately 93.9% year-over-year[35] - The total comprehensive income attributable to the parent company's owners was negative at ¥4,193,747.28, compared to ¥42,110,933.94 in the previous year[35] - The company reported a net profit of approximately $4.62 million for Q3 2022, down from $91.17 million in Q3 2021[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,289,847,914.77, down 5.44% from the end of the previous year[9] - Total assets decreased to approximately $5.29 billion in Q3 2022 from $5.59 billion in Q3 2021, reflecting a decline of about 5%[29] - Total liabilities decreased to approximately $2.73 billion in Q3 2022 from $3.03 billion in Q3 2021, a reduction of about 9.7%[29] - Non-current assets totaled approximately $2.70 billion in Q3 2022, down from $2.74 billion in Q3 2021[29] - Long-term equity investments slightly decreased to ¥384,312,927.33 from ¥386,394,341.78 year-over-year[24] Cash Flow - The cash flow from operating activities was -¥80,518,154.79, marking a decline of 200.03% year-on-year[7] - The operating cash flow for the first three quarters of 2022 was ¥3,165,734,650.54, down from ¥3,817,676,980.31 in the same period of 2021, indicating a decrease of about 17%[38] - The net cash flow from operating activities turned negative at -¥80,518,154.79, contrasting with a positive cash flow of ¥80,495,761.74 in the previous year[38] - The cash flow from investing activities showed a net outflow of -¥154,877,550.01, compared to -¥409,495,484.67 in the same period last year, reflecting an improvement[41] - The cash flow from financing activities resulted in a net outflow of -¥161,585,102.47, compared to a net inflow of ¥5,010,475.61 in the previous year[41] Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,069[16] - Jilin Changjiu Industrial Group Co., Ltd. holds 401,440,533 shares, accounting for 71.64% of the total shares[16] - The second largest shareholder, Shanghai Muxin Private Fund Management Co., Ltd., holds 28,014,000 shares, representing 5.00%[16] - The top ten shareholders collectively hold 77.77% of the company's shares, indicating a high level of ownership concentration[20] - The company has no pledged, marked, or frozen shares for the top shareholders listed[16] Inventory and Costs - The company reported a significant increase in inventory by 370.27%, attributed to increased procurement and contract performance costs[13] - Total operating costs for Q3 2022 were approximately $2.87 billion, down 13.9% from $3.33 billion in Q3 2021[33] - Research and development expenses for Q3 2022 were approximately $2.57 million, significantly lower than $5.91 million in Q3 2021[33] Other Financial Metrics - The company's cash and cash equivalents as of September 30, 2022, amount to ¥448,711,710.63, a decrease from ¥837,794,689.53 at the end of 2021[24] - Accounts receivable increased to ¥1,571,906,401.80 from ¥1,486,216,676.12 year-over-year[24] - The total current assets decreased to ¥2,592,209,534.62 from ¥2,850,036,954.52 year-over-year[24] - The cash and cash equivalents at the end of the period were ¥448,711,710.63, down from ¥619,999,634.51 in the previous year[41] - The company experienced a foreign exchange impact on cash and cash equivalents of ¥7,897,828.37, compared to a negative impact of -¥1,402,462.57 in the previous year[41] Strategic Developments - There are no significant new strategies or product developments mentioned in the current report[21]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2022, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders reached 150 million RMB, up 10% compared to the same period last year[18]. - The company's operating revenue for the first half of 2022 was ¥1,847,279,821.42, a decrease of 18.42% compared to ¥2,264,329,008.47 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥608,251.70, down 98.83% from ¥51,842,244.37 year-on-year[23]. - The net cash flow from operating activities increased by 127.37% to ¥62,016,790.87 from ¥27,276,114.68 in the previous year[23]. - The company's total assets decreased by 5.41% to ¥5,291,196,530.77 from ¥5,594,116,749.16 at the end of the previous year[23]. - The basic earnings per share for the first half of 2022 was ¥0.00, a decline of 98.78% compared to ¥0.09 in the same period last year[24]. - The company reported a significant decline in net profit due to factors such as the pandemic, the Russia-Ukraine conflict, and rising fuel prices[24]. - The weighted average return on net assets decreased by 2.15 percentage points to 0.03% from 2.18% in the previous year[24]. - The company achieved operating revenue of CNY 1,847.28 million, a decrease of 18.42% year-on-year[48]. - The net profit attributable to shareholders was CNY 0.61 million, down 98.83% year-on-year[48]. Market and User Growth - User data indicates a growth in active users by 20%, reaching 500,000 users by the end of June 2022[18]. - The company has set a revenue target of 2.5 billion RMB for the full year 2022, indicating a projected growth of 12%[18]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[18]. - In the first half of 2022, domestic automotive production and sales reached 12.12 million and 12.06 million units, respectively, representing a year-on-year decline of 3.7% and 6.6%[35]. - As of June 2022, the total number of vehicles in China was approximately 310 million, with new energy vehicles exceeding 10 million, indicating significant growth potential in the automotive market[35]. - In the first half of 2022, the domestic new energy vehicle production and sales were 2.661 million and 2.600 million units, respectively, showing a year-on-year increase of 120%[38]. Investment and R&D - Investment in technology and R&D has increased by 30%, totaling 100 million RMB in the first half of 2022[18]. - The company's R&D expenses decreased by 59.98% to CNY 2.15 million, reflecting reduced spending on major project research[48]. - The company’s investment in digital transformation aims to improve logistics management and customer service through a comprehensive transportation management platform[39]. Operational Challenges and Risks - The company has identified potential risks related to market fluctuations and regulatory changes, which may impact future performance[18]. - The company is facing increased operational pressure due to new transportation cost policies implemented in 2020[64]. - The automotive market has faced challenges due to a slowdown in global economic recovery, international conflicts, and declining consumer confidence, impacting domestic car sales[63]. - The company reported a significant impact from the COVID-19 pandemic, particularly in early 2022, affecting macroeconomic conditions and automotive production[63]. - The company is exploring new business models in the traditional and new energy vehicle supply chains to drive profit growth, facing risks due to lack of experience in new market development[65]. Corporate Governance and Compliance - The company has no non-operational fund occupation by controlling shareholders or related parties[18]. - There are no violations of decision-making procedures regarding external guarantees[18]. - The company is committed to reducing related party transactions and has established strict guidelines for pricing and approval processes[79]. - The company has committed to avoiding any business activities that compete with Changjiu Logistics, ensuring no similar subsidiaries or acquisitions will be established in the future[83]. - The actual controllers of the company, Bo Shijiu and Li Guiping, have pledged to compensate investors for any losses incurred due to non-compliance with competition avoidance commitments[86]. Shareholder and Equity Information - The total number of shares increased by 68,162 shares due to the conversion of convertible bonds during the reporting period[115]. - The total number of shares after the increase is 560,346,963 shares[114]. - The company issued 7 million convertible bonds with a total amount of CNY 700,000,000, approved by the China Securities Regulatory Commission[115]. - The total number of common shareholders as of the end of the reporting period is 19,950[118]. - Jilin Changjiu Industrial Group Co., Ltd. holds 71.64% of shares, with a total of 401,440,533 shares, and has pledged 193,246,500 shares[118]. Financial Position and Assets - The company's asset-liability ratio stands at 51.78%, indicating a reasonable debt structure and stable operating conditions[135]. - The total current assets decreased from CNY 2,850,036,954.52 to CNY 2,580,451,068.88, reflecting a reduction of approximately 9.5%[139]. - The cash and cash equivalents dropped from CNY 837,794,689.53 to CNY 521,018,450.44, a decline of about 37.8%[139]. - The total assets decreased from ¥5,594,116,749.16 to ¥5,291,196,530.77, a decline of approximately 5.4%[144]. - The company's total liabilities decreased from ¥3,031,802,153.07 to ¥2,739,935,204.45, a reduction of about 9.6%[144]. Future Outlook and Strategy - The company plans to continue exploring innovative solutions to mitigate the impact of geopolitical tensions on international business[46]. - The company is actively seeking opportunities for mergers and acquisitions to enhance its market position and operational capabilities[63]. - The company is actively expanding its international operations, including acquiring a 30% stake in Polish automotive logistics firm ADAMPOL S.A. to strengthen its global network[42]. - The company is focusing on compliance vehicles to reduce operational risks and enhance market share amid stricter regulations[43].

Financial Performance - The company's operating revenue for Q1 2022 was ¥934,264,180.63, representing a decrease of 13.46% compared to the same period last year [6] - The net profit attributable to shareholders of the listed company was ¥390,411.22, down 99.05% year-on-year [6] - Basic earnings per share were reported at ¥0.00, a decrease of 99.00% [9] - The company reported a net loss from investments of ¥7,190,463.77, compared to a gain of ¥317,681.83 in the previous year [28] - Net profit for the current period was 3,437,034.16 CNY, compared to 42,508,022.58 CNY in the previous period, indicating a significant decline [31] - Operating profit for the current period was -3,174,024.20 CNY, while the previous period reported an operating profit of 50,824,155.27 CNY [31] - Total comprehensive income for the current period was 88,463.04 CNY, a stark contrast to 42,641,405.02 CNY in the previous period [31] - The company reported a decrease in sales revenue from 1,242,941,334.21 CNY in the previous year to 1,049,382,734.85 CNY in the current year [34] - The diluted earnings per share for the current period was 0.05 CNY, compared to 0.07 CNY in the previous period [31] Cash Flow and Liquidity - The net cash flow from operating activities was -¥93,814,430.94, a decline of 286.67% compared to the previous year [6] - Cash flow from operating activities showed a net outflow of -93,814,430.94 CNY, compared to a net inflow of 50,258,085.24 CNY in the same period last year [34] - Cash and cash equivalents at the end of the period amounted to 494,004,486.91 CNY, down from 778,269,318.76 CNY at the end of the previous period [35] - The company's cash and cash equivalents as of March 31, 2022, amount to ¥494,004,486.91, a decrease from ¥837,794,689.53 at the end of 2021 [19] - The company's cash and cash equivalents were not explicitly stated but are implied to be part of the overall financial position [28] - The company incurred a credit impairment loss of -1,964,189.23 CNY, compared to a gain of 3,606,557.45 CNY in the previous period [31] - The company reported cash outflows from investing activities of -218,487,813.04 CNY, slightly higher than -211,709,396.72 CNY in the previous period [35] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,494,096,562.49, down 1.84% from the end of the previous year [9] - The total assets of the company as of March 31, 2022, are ¥5,494,096,562.49, down from ¥5,596,837,174.94 at the end of 2021 [19] - The company's non-current assets total ¥2,728,209,844.12 as of March 31, 2022, compared to ¥2,746,800,220.42 at the end of 2021 [19] - Total liabilities decreased to ¥2,946,640,352.22 from ¥3,034,569,427.71, a reduction of 2.9% [28] - The total current liabilities amount to ¥947,707,132.54 as of March 31, 2022, slightly up from ¥944,644,667.37 at the end of 2021 [19] - The company’s total current liabilities amounted to ¥2,187,064,303.13, a decrease of 4.1% from ¥2,279,870,069.64 [28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,260 [15] - Jilin Changjiu Industrial Group Co., Ltd. holds 401,440,533 shares, accounting for 71.65% of the total shares [15] - The company has no known related party relationships among other shareholders, except for the controlling shareholder, Changjiu Group [18] - The company has not reported any participation in margin financing or securities lending by the top ten shareholders [18] Research and Development - The company's R&D expenses decreased by 82.74%, indicating reduced investment in research and development [12] - Research and development expenses significantly decreased to ¥618,012.69 from ¥3,579,771.68, a drop of 82.7% year-over-year [28] Investment Income - The company reported a decrease in investment income by 2,363.42%, mainly due to reduced income from joint ventures [12]

Financial Performance - In 2021, the company achieved a total revenue of 4.487 billion yuan, representing a year-on-year increase of 10.04%[2] - The net profit attributable to shareholders for 2021 was approximately 85.24 million yuan, with retained earnings of 374.11 million yuan[11] - The company will not distribute profits for 2021, opting to reinvest retained earnings into operational funding and project development[11] - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[23] - The company's operating revenue for 2021 was CNY 4,486,547,408.31, representing a 10.04% increase compared to CNY 4,077,186,279.35 in 2020[33] - Net profit attributable to shareholders decreased by 28.92% to CNY 85,241,032.07 from CNY 119,921,536.81 in the previous year[33] - The gross profit margin improved to 25%, up from 22% in the previous year, indicating better cost management[23] - The company achieved operating revenue of 4.49 billion RMB, a year-on-year increase of 10.04%[69] - Net profit attributable to shareholders was 85.24 million RMB, a year-on-year decrease of 28.92%[69] Market and Industry Trends - The market share of new energy vehicles reached 13.4%, an increase of 8 percentage points compared to the previous year[3] - The domestic automobile production and sales completed 26.082 million and 26.275 million units respectively, with year-on-year growth of 3.4% and 3.8%[2] - The automotive industry showed resilience with a 3.4% increase in production and a 3.8% increase in sales in 2021 compared to the previous year[95] - The production and sales of new energy vehicles in China reached 3.545 million and 3.521 million units, respectively, marking a year-on-year increase of 160%[55] - The total transaction volume of used cars in 2021 was 17.5851 million units, a year-on-year increase of 22.62%, with a total transaction value of approximately 1,131.692 billion yuan, up 27.32%[110] Strategic Initiatives - The company plans to establish itself as a "comprehensive service provider for the automotive industry," integrating its business divisions into complete vehicle, international, and new energy divisions[3] - The company aims to enhance service capabilities and expand market reach based on traditional automotive logistics, leveraging the competitive position of domestic automotive brands globally[3] - The company recognizes the strategic significance of the rise of new energy vehicles and plans to explore comprehensive services for the new energy vehicle supply chain[3] - The company is actively expanding its international operations in response to the Belt and Road Initiative, enhancing its global logistics capabilities[59] - The company aims to improve logistics service quality through digital transformation and the implementation of standardized logistics solutions[64] Operational Efficiency and Cost Management - The company aims to reduce operational costs by 10% through process optimization initiatives[23] - The company plans to invest 200 million RMB in technology upgrades over the next year to improve service delivery[23] - The company is focusing on multi-modal transport solutions to reduce logistics costs and improve service quality[129] - The company plans to continue optimizing its transportation routes to improve turnaround rates and reduce empty driving rates, thereby enhancing operational efficiency[139] Research and Development - The company invested 17.5983 million yuan in research and development, focusing on information technology and logistics management systems[51] - The company plans to enhance its information platform and invest in research and development to support sustainable innovation and improve operational efficiency[142] - Research and development expenses decreased by 58.26% to 2.35 million RMB, attributed to reduced operational costs[71] - The company is investing 50 million in R&D for new technologies aimed at enhancing operational efficiency[168] Customer Engagement and Market Expansion - User data showed a growth in active users by 25% compared to the previous year, reaching 500,000 active users[23] - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[23] - A new partnership with a major e-commerce platform is anticipated to drive additional revenue growth of 5% in the upcoming year[23] - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by the end of 2024[174] Corporate Governance - The company held 1 annual general meeting and 2 extraordinary general meetings during the reporting period, with all resolutions passed by shareholders[148] - The board of directors convened 9 meetings, approving 39 resolutions, with a composition of 7 directors including 3 independent directors[151] - The supervisory board held 9 meetings, passing 25 resolutions, with a composition of 3 supervisors including 1 employee representative[152] - The company has established a transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with legal regulations[153] Challenges and Risks - The increase in transportation costs due to rising fuel prices and the cancellation of toll fee exemptions negatively impacted net profit[36] - The company faces risks from the automotive market due to factors such as global economic recovery, consumer confidence, and the ongoing chip shortage impacting production[143] - The company is addressing accounts receivable risks by establishing credit rating systems for key customers and exploring innovative financial products to enhance asset liquidity[143]

2021 年第三季度报告 单位：元 币种：人民币 1 / 14 证券代码：603569 证券简称：长久物流 债券代码：113519 债券简称：长久转债 北京长久物流股份有限公司 2021 年第三季度报告 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、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | |-----------------------------------------------|----------------|--------------------------------------|------------------|- ...

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%[19]. - The net profit attributable to shareholders was 150 million RMB, up 20% compared to the same period last year[19]. - The company's operating revenue for the first half of 2021 was ¥2,256,036,261.12, representing a 28.41% increase compared to ¥1,756,849,018.71 in the same period last year[26]. - The net profit attributable to shareholders was ¥50,676,901.26, up 10.59% from ¥45,824,058.13 year-on-year[26]. - The basic earnings per share for the first half of 2021 was ¥0.09, a 12.50% increase from ¥0.08 in the same period last year[27]. - The company achieved operating revenue of CNY 2,256,036,261.12, a year-on-year increase of 28.41%[47]. - Net profit attributable to shareholders of the parent company was CNY 50,676,900, a year-on-year increase of 10.59%[47]. - The total profit for the period was CNY 73,581,688.64, up from CNY 61,122,248.20, indicating a growth of approximately 20.3%[153]. - The company's total comprehensive income for the period was ¥98,681,082.38, compared to ¥81,482,164.17 in the same period last year[161]. User Growth and Market Expansion - User data showed an increase in active users by 25%, reaching 500,000 users by the end of June 2021[19]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% growth in that region by the end of 2022[19]. - The company has established a strong customer base, including major automotive manufacturers such as FAW-Volkswagen, BYD, and Geely, enhancing its logistics network effect[41]. - The company has expanded its international logistics services, establishing a network covering Europe and Central Asia, and has set up subsidiaries in Hong Kong and Poland to support global operations[41]. Investments and Acquisitions - The company has invested 50 million RMB in R&D for new logistics technologies aimed at improving operational efficiency[19]. - A strategic acquisition of a regional logistics firm is anticipated to enhance service capabilities and increase market share by 10%[19]. - The company has completed the acquisition of a 30% stake in Polish automotive logistics firm ADAMPOL S.A., strengthening its international operational network[41]. - The company completed the acquisition of 100% equity in Shandong Changjiu Heavy Truck Logistics Co., Ltd. for 20,620,825 CNY[62]. Operational Efficiency and R&D - The company has invested in technology and digital transformation, focusing on areas such as smart data collection, digital warehousing, and blockchain, to improve operational efficiency and service quality[39]. - The company is focusing on enhancing operational efficiency and improving service quality to adapt to the evolving automotive logistics landscape[27]. - Research and development expenses rose to CNY 3,981,488.72, an increase of 19.33% compared to the previous year[50]. Risks and Challenges - The management highlighted potential risks including regulatory changes and market competition, which could impact future performance[19]. - The company faces risks related to accounts receivable, particularly from automotive manufacturers, with potential delays in collection due to the declining growth rate in the automotive industry[67]. - The company is cautiously optimistic about the automotive industry's recovery, despite challenges such as semiconductor supply issues and rising raw material costs[46]. Cash Flow and Financial Health - The net cash flow from operating activities decreased significantly by 93.06%, amounting to ¥27,104,120.01 compared to ¥390,647,621.89 in the previous year[26]. - The company's cash and cash equivalents at the end of the period were CNY 777,578,891.02, a decrease of 18.10% from the previous year[52]. - The company's debt-to-asset ratio was 53.79%, indicating a stable financial condition and reliable debt repayment capability[133]. - The company maintained a long-term credit rating of AA, with a stable outlook, as assessed by a credit rating agency[136]. Shareholder Information and Equity - The total number of shares after the recent changes is 560,277,264, with 560,276,369 shares being unrestricted circulating shares[112]. - The largest shareholder, Jilin Changjiu Industrial Group Co., Ltd., holds 429,454,533 shares, representing 76.65% of the total shares[116]. - The company has not proposed any profit distribution or capital reserve increase for the reporting period, with no dividends or stock bonuses declared[73]. - The total owner's equity at the end of the period was ¥2,542,776,715.29, a decrease of 1.1% from the previous period[168]. Compliance and Commitments - The company guarantees that the prospectus for its initial public offering does not contain false statements or omissions and will bear legal responsibility for its accuracy[88]. - The company has established long-term commitments to protect investor rights and ensure compliance with legal regulations[87]. - The company commits to compensating investors for measurable economic losses due to false statements or omissions in the prospectus, ensuring protection for investors, especially small investors[90].

Financial Performance - Total revenue for Q1 2021 reached ¥1,075,788,508.08, an increase of 53.69% compared to the same period last year[12] - Net profit attributable to shareholders was ¥40,634,230.70, a significant turnaround from a loss of ¥33,375,754.72 in the previous year, representing a growth of 221.75%[12] - Basic earnings per share improved to ¥0.07 from a loss of ¥0.06, marking a growth of 216.67%[12] - Operating revenue increased by 53.69% to ¥1,075,788,508.08 compared to ¥699,994,549.90 in the same period last year, attributed to improved business conditions post-pandemic[21] - Total operating revenue for Q1 2021 reached CNY 1,075,788,508.08, a 53.8% increase from CNY 699,994,549.90 in Q1 2020[40] - Net profit for Q1 2021 was CNY 42,194,106.49, compared to a net loss of CNY 33,506,855.48 in Q1 2020[43] - The gross profit margin for Q1 2021 improved to 0.7%, compared to a negative margin in Q1 2020[43] - The company reported a total comprehensive income of CNY 42,641,405.02 for Q1 2021, compared to a loss of CNY 33,475,644.55 in Q1 2020[43] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 80.55% to ¥45,901,830.99 compared to ¥235,949,369.48 in the same period last year[12] - Cash and cash equivalents decreased by 17.60% to ¥782,322,864.62 from ¥949,462,814.86 due to investments in financial products[21] - Cash flow from operating activities for Q1 2021 was CNY 45,901,830.99, a decrease of 80.5% compared to CNY 235,949,369.48 in Q1 2020[49] - The ending balance of cash and cash equivalents was $334,492,012.32, down from $395,645,658.31, reflecting a decrease of about 15.4%[54] - The company reported a significant reduction in financial expenses, with interest expenses decreasing to CNY 9,998,327.29 from CNY 14,369,393.45 in Q1 2020[47] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,297,963,712.69, a slight decrease of 0.06% from the previous year-end[12] - Total assets decreased from 4,158,924,063.54 to 3,998,040,096.11, a decline of approximately 3.86%[38] - Total liabilities decreased from 2,485,735,324.39 to 2,331,759,640.93, representing a decrease of approximately 6.19%[38] - Current liabilities decreased from 1,940,186,561.08 to 1,748,895,621.75, a reduction of about 9.87%[38] - Total equity increased from 2,542,776,715.29 to 2,585,410,932.93, an increase of about 1.67%[38] - The company reported a total asset value of $5,301,006,655.84, a decrease of $101,576,589.63 from the previous total of $5,402,583,245.47[59] Shareholder Information - The company had a total of 14,556 shareholders at the end of the reporting period[17] - The largest shareholder, Jilin Changjiu Industrial Group Co., Ltd., held 76.65% of the shares, with 429,454,533 shares pledged[17] - The company’s equity attributable to shareholders totaled CNY 1,666,280,455.18, slightly down from CNY 1,673,188,739.15 in Q1 2020[40] Government Subsidies and Other Income - The company recognized government subsidies of ¥5,584,890.65 related to its normal business operations[15] - Other income increased by 107.81% to ¥39,432,154.25 from ¥18,974,835.18, mainly due to increased government subsidies recognized during the period[21] - The company reported a significant increase in other income to CNY 39,432,154.25 in Q1 2021, compared to CNY 18,974,835.18 in Q1 2020[40]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 119,921,536.81 in 2020, with a parent company net profit of RMB 128,716,258.41[6]. - The company's operating revenue for 2020 was approximately ¥4.08 billion, a decrease of 14.80% compared to ¥4.79 billion in 2019[29]. - The net profit attributable to shareholders for 2020 was approximately ¥119.92 million, an increase of 18.43% from ¥101.26 million in 2019[29]. - The net cash flow from operating activities for 2020 was approximately ¥652.49 million, reflecting a 17.46% increase compared to ¥555.49 million in 2019[29]. - The total assets at the end of 2020 were approximately ¥5.30 billion, a decrease of 14.04% from ¥6.17 billion at the end of 2019[29]. - The basic earnings per share for 2020 was ¥0.21, representing a 16.67% increase from ¥0.18 in 2019[30]. - The weighted average return on equity for 2020 was 4.91%, an increase of 1.06 percentage points from 3.85% in 2019[30]. - The total revenue for the company in 2020 was 4.077 billion yuan, representing a year-on-year decrease of 14.80%, while the net profit attributable to shareholders was 120 million yuan, an increase of 18.43%[57]. Dividend Distribution - The proposed cash dividend distribution is RMB 1.07 per 10 shares (including tax) based on the total share capital as of the dividend record date[6]. - The cash dividend for 2020 is set at RMB 1.07 per 10 shares (including tax), reflecting a distribution policy aimed at providing reasonable returns to investors[163]. - The cash dividend policy has not been adjusted in the reporting period, maintaining a stable distribution approach[161]. - The company aims to prioritize cash dividends when conditions allow, with a minimum cash distribution ratio of 30% of the average distributable profit over the last three years[160]. Risk Management - The report includes a risk statement regarding forward-looking statements, highlighting uncertainties that may affect future plans[7]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has established various communication channels with key clients to mitigate accounts receivable risks[151]. - The company acknowledges potential risks from the automotive market downturn and increased operational costs due to policy changes, which may impact its logistics business[149][150]. Operational Efficiency - The company maintained a significant operating cash flow despite challenges, indicating effective management of receivables[29]. - The company plans to continue enhancing asset management and cost control strategies to sustain operational efficiency moving forward[29]. - The company is focusing on talent development and organizational capability to support sustainable growth[63]. - The company has implemented a data middle platform strategy to standardize and optimize data management across its operations[62]. Market Position and Strategy - The company focuses on comprehensive logistics solutions for the automotive industry, with vehicle transportation as its core business, contributing significantly to revenue[40]. - The company ranks 4th in the automotive logistics industry according to the 2020 China Logistics Enterprises Top 50 list, following major players like SAIC Anji and FAW Logistics[44]. - The company is actively expanding its international operations in line with the Belt and Road Initiative, facilitating two-way logistics services for high-end automotive imports and exports[40]. - The company aims to become a leading provider of integrated logistics and supply chain management solutions for the entire automotive industry chain[127]. Technological Innovation - The company is leveraging technology investments in areas such as IoT, blockchain, and big data to drive digital transformation and improve operational efficiency[47]. - The company aims to enhance its digital operating platform to provide cost reduction and information services for the logistics industry[47]. - The company will invest in technology to transition from resource-driven to technology-driven operations, enhancing efficiency and service quality in automotive logistics[129]. Subsidiaries and Partnerships - The company has established solid partnerships with major automotive manufacturers, including FAW-Volkswagen and BYD, which strengthens its logistics network and enhances its competitive advantage[49]. - The company established several subsidiaries for international expansion, including partnerships in Poland and Russia, to enhance its global logistics network[62]. - The company is actively involved in the international freight forwarding business through its subsidiary in Hamburg, Germany, which reported a net profit of approximately CNY 4.66 million[107]. Compliance and Governance - The report indicates that all board members attended the board meeting, ensuring governance compliance[5]. - The company received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[5]. - The company has committed to regular checks on the use of raised funds and will provide special reports on the investment projects' progress[181]. - The company has established a compensation fund to protect investors' rights in case of significant misstatements in the prospectus[172]. Industry Outlook - The overall outlook for the automobile industry in 2021 is positive, with expectations of steady growth supported by economic recovery and government policies[114]. - The automotive logistics industry is entering a period of adjustment, with a positive outlook as the consumption potential gradually releases in the post-pandemic era[115]. - The strong rebound in the automobile market post-pandemic is attributed to government support, corporate efforts, and robust consumer demand recovery[112].

2020 年第三季度报告 公司代码：603569 公司简称：长久物流 债券代码：113519 债券简称：长久转债 北京长久物流股份有限公司 2020 年第三季度报告 1 / 20 2020 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 20 2020 年第三季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人薄世久、主管会计工作负责人闫超及会计机构负责人（会计主管人员）闫超保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-----------------------------------------------|------------------------------|------------------ ...