Financial Performance - Net profit attributable to shareholders rose by 4.88% to CNY 125,628,336.26 for the first nine months of the year[6]. - Operating revenue for the first nine months increased by 3.98% to CNY 920,064,126.72 compared to the same period last year[6]. - The company reported a total profit of ¥50,459,189.91 for Q3 2018, a decrease of 1.8% from ¥51,396,842.80 in Q3 2017[26]. - The total comprehensive income for Q3 2018 was CNY 28,303,628.23, down from CNY 31,607,845.80 in Q3 2017[30]. - The company’s total operating revenue for the first nine months of 2018 was ¥920,064,126.72, an increase of 4.0% from ¥884,809,501.86 in the same period of 2017[25]. Assets and Liabilities - Total assets increased by 7.21% to CNY 1,966,790,283.82 compared to the end of the previous year[6]. - Total liabilities rose to ¥347,747,120.34 from ¥285,675,496.50, reflecting an increase of around 21.7%[22]. - Current assets decreased to ¥1,166,096,119.66 from ¥1,270,758,442.74, a decline of about 8.2%[21]. - Non-current assets increased significantly to ¥800,694,164.16 from ¥563,739,131.32, marking an increase of approximately 42.0%[21]. - Total liabilities increased, with accounts payable rising by 32.95% to ¥187,554,671.43 from ¥141,076,390.81, mainly due to increased construction payables[16]. Cash Flow - Net cash flow from operating activities decreased significantly by 106.88% to -CNY 13,163,894.84[6]. - The cash flow from operating activities showed a net outflow of CNY 13,163,894.84 for the first nine months of 2018, contrasting with a net inflow of CNY 191,328,225.24 in the same period last year[31]. - Cash and cash equivalents decreased to ¥83,108,607.13 from ¥250,267,804.25, a decline of approximately 66.8%[23]. - Cash inflow from operating activities totaled $508.89 million, down from $653.57 million, a decrease of about 22.1%[34]. - Cash outflow for purchasing goods and services increased to $290.68 million from $232.23 million, marking an increase of approximately 25.1%[34]. Shareholder Information - The total number of shareholders reached 34,160 at the end of the reporting period[12]. - The largest shareholder, Shanghai Pudong New Area State-owned Assets Supervision and Administration Commission, holds 24.87% of shares[13]. Research and Development - Research and development expenses skyrocketed by 1113.29% to ¥10,314,538.85 from ¥850,127.49, indicating a significant increase in R&D investment[17]. - Research and development expenses for Q3 2018 amounted to ¥7,761,989.11, significantly higher than ¥288,569.02 in Q3 2017[25]. Investment Activities - Investment income rose dramatically by 3946.78% to ¥21,375,218.72 from ¥528,202.67, primarily due to returns from purchased financial products[17]. - Cash received from investment income rose to $45.19 million from $22.33 million, an increase of about 102.5%[34]. - Cash paid for investments reached $2.15 billion, a significant rise from $147.80 million in the previous year[34]. Earnings Per Share - Basic earnings per share decreased by 21.33% to CNY 0.3408[7]. - Basic earnings per share for Q3 2018 were ¥0.1057, down from ¥0.1397 in Q3 2017[27].

Financial Performance - The company's operating revenue for the first half of 2018 was approximately CNY 592.45 million, a decrease of 0.64% compared to CNY 596.29 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2018 was CNY 86.68 million, representing an increase of 6.81% from CNY 81.15 million in the previous year[20]. - The basic earnings per share for the first half of 2018 was CNY 0.2351, down 19.90% from CNY 0.2935 in the same period last year[20]. - The net cash flow from operating activities for the first half of 2018 was negative CNY 10.96 million, a significant decrease of 109.04% compared to CNY 121.32 million in the previous year[20]. - The total assets at the end of the reporting period were approximately CNY 1.87 billion, an increase of 2.01% from CNY 1.83 billion at the end of the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 76.46 million, down 4.38% from CNY 79.96 million in the previous year[20]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2018, representing a 20% year-over-year growth[65]. - The net profit for the first half of 2018 reached CNY 96,368,576.49, representing a growth of 7.2% from CNY 89,390,886.18 in the previous year[109]. Cash Flow and Assets - Cash and cash equivalents at the end of the period were CNY 193.52 million, a decrease of 42.85% from CNY 338.61 million at the end of the previous period[48]. - The net cash flow from investing activities decreased primarily due to increased expenditures on engineering construction projects compared to the previous year[47]. - The net cash flow from financing activities improved mainly because the distribution of dividends during the reporting period decreased compared to the same period last year[47]. - The company's cash and cash equivalents decreased to CNY 97,424,113.71 from CNY 250,267,804.25, a decline of approximately 61.1%[101]. - The total cash outflow for investment activities was CNY 1,513,556,853.22, compared to CNY 11,362,288.20 in the previous period, indicating a significant increase in investment spending[116]. - The company experienced a net decrease in cash and cash equivalents of CNY 152,843,690.54 during the reporting period[116]. Operational Efficiency and Strategy - The company focuses on providing lean supply chain management services for multinational enterprises, enhancing operational efficiency and reducing costs[25]. - The company has developed a "smart logistics" model, integrating information technology into its operations to improve service safety, timeliness, and accuracy[27]. - The company emphasizes customized logistics services, allowing for rapid response to client needs while maintaining cost efficiency[28]. - The company has implemented a comprehensive logistics service model that covers all aspects of the supply chain, from procurement to delivery[26]. - The company is actively promoting the construction of logistics bases, with the North China logistics base completed in June 2017 and the East China logistics base expected to be completed by August 2018[42]. - The company is focusing on automation and intelligent logistics technologies, with pilot projects initiated in multiple warehouses[42]. Research and Development - Research and development expenses surged by 354.55%, reaching CNY 2.55 million compared to CNY 561,558.47 in the same period last year[46]. - The company is investing in new technology development, allocating 100 million for R&D in the upcoming fiscal year[66]. - The company has introduced various innovative logistics services, including "advance shipment, post-customs declaration" and "paperless customs clearance" to streamline operations[34]. Shareholder and Equity Information - The company has a commitment to not sell or transfer shares within twelve months from the date of stock listing, with conditions for future trading[63]. - The company will notify three trading days in advance before any planned share reduction, adhering to relevant laws and regulations[64]. - The company reported a total of RMB 2,477 million in actual related party transactions for the year, with an expected total of RMB 70 million for related purchases and RMB 700 million for related sales[73]. - The total number of common shareholders at the end of the reporting period was 38,520[84]. - The largest shareholder, Shanghai Pudong New Area State-owned Assets Supervision and Administration Commission, held 91,688,980 shares, representing 24.87% of total shares[85]. Compliance and Governance - The company emphasizes compliance with legal regulations and stock exchange rules for any share reduction activities[64]. - The integrity status of the company and its controlling shareholders is good, with no unfulfilled court judgments or significant overdue debts[72]. - The company has no significant litigation or arbitration matters during the reporting period[71]. - The company has not issued any non-standard audit reports during the reporting period[71]. Market and Competitive Position - The company faces risks related to the rapid promotion of its business model, which is still in the early stages of development in the domestic market[53]. - International political risks are increasing, potentially impacting the company's trade operations and overall business development[58]. - The company has established long-term strategic partnerships with several Fortune 500 companies, including Caterpillar and Bosch, ensuring stable and high-quality customer resources[31]. Financial Management and Accounting Policies - The company’s financial statements are prepared based on the assumption of going concern and comply with the latest accounting standards issued by the Ministry of Finance[145]. - The company recognizes financial assets and liabilities at fair value upon initial recognition, with transaction costs directly expensed for those measured at fair value through profit or loss[168]. - The company assesses the carrying amount of financial assets for impairment, recognizing impairment losses when objective evidence indicates a decline in value[174]. - The company applies a perpetual inventory system for inventory management[184].

Financial Performance - Operating revenue for the period was CNY 311,324,532.10, a decrease of 5.36% year-on-year[8] - Net profit attributable to shareholders of the listed company was CNY 52,287,300.96, down 5.15% from the same period last year[8] - Basic and diluted earnings per share were both CNY 0.1418, a decline of 28.89% compared to the previous year[8] - Total operating revenue for Q1 2018 was CNY 311,324,532.10, a decrease of 5.0% from CNY 328,949,635.08 in the same period last year[28] - Net profit attributable to shareholders of the parent company for Q1 2018 was CNY 52,287,300.96, a decrease of 5.0% compared to CNY 55,126,429.60 in Q1 2017[29] - Net profit for the current period is CNY 47,555,451.19, down 33.83% from CNY 71,915,683.35 in the previous period[33] - Total comprehensive income for the current period is CNY 47,555,451.19, a decrease of 33.83% from CNY 71,915,683.35 in the previous period[34] Cash Flow - Cash flow from operating activities showed a significant decline, with a net cash outflow of CNY -103,356,628.20, compared to a positive cash inflow of CNY 105,299,521.33 in the same period last year, representing a change of -198.15%[8] - Cash flow from operating activities shows a net outflow of CNY -103,356,628.20, compared to a net inflow of CNY 105,299,521.33 in the previous period[35] - The net cash flow from operating activities was -$74,859,197.60, a significant decline compared to the previous period's positive cash flow of $30,493,065.19[39] - The total cash inflow from operating activities was $153,095,309.15, down from $215,234,456.72 in the previous period[39] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,865,492,409.17, an increase of 1.69% compared to the end of the previous year[8] - The company's total assets as of March 31, 2018, amounted to CNY 1,704,839,397.40, an increase from CNY 1,657,596,568.81 at the beginning of the year[24] - Total liabilities decreased by 7.29% to ¥264,820,375.17, compared to the previous period[22] - The company's total liabilities were CNY 124,973,938.29, slightly down from CNY 125,286,560.89 at the beginning of the year[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 34,900[11] - The largest shareholder, Shanghai Pudong New Area State-owned Assets Supervision and Administration Commission, held 24.87% of the shares[11] Investment and Income - Investment income surged by 2472.75% to ¥7,310,696.58, resulting from returns on financial products[15] - The company reported an investment income of CNY 7,310,696.58 for Q1 2018, significantly up from CNY 284,159.12 in Q1 2017[28] - The company recorded investment income of CNY 7,310,696.58, a significant decrease from CNY 22,612,766.86 in the previous period[32] Expenses - Sales expenses increased by 31.93% to ¥7,679,398.68, primarily due to new e-commerce platform company expenses[15] - The company incurred sales expenses of CNY 5,231,700.97, slightly down from CNY 5,820,827.50 in the previous period[32] - Cash paid for purchasing goods and services increased to $128,446,051.10 from $86,904,723.53 in the prior period[39] - Cash paid to employees rose to $67,393,256.06, compared to $51,448,893.63 in the previous period[39] Other Financial Metrics - The weighted average return on net assets decreased by 2.83 percentage points to 3.33%[8] - Other comprehensive income after tax decreased significantly by 3346.39% to -¥98,815.37, impacted by foreign currency translation differences[15] - The company experienced a foreign exchange loss of CNY 98,815.37 in Q1 2018, compared to a gain of CNY 3,043.85 in the same period last year[29] - The impact of exchange rate changes on cash and cash equivalents was -$180,688.68, compared to -$73,454.29 in the previous period[40]

Financial Performance - The company's operating revenue for 2017 was approximately ¥1.15 billion, a decrease of 1.51% compared to ¥1.17 billion in 2016[21]. - Net profit attributable to shareholders increased by 6.50% to approximately ¥138.89 million from ¥130.42 million in 2016[21]. - The net profit after deducting non-recurring gains and losses rose by 14.06% to approximately ¥135.01 million compared to ¥118.36 million in 2016[21]. - Cash flow from operating activities significantly increased by 84.58% to approximately ¥239.11 million from ¥129.54 million in 2016[21]. - Total assets grew by 65.69% to approximately ¥1.83 billion from ¥1.11 billion in 2016, primarily due to the proceeds from the IPO[31]. - The net assets attributable to shareholders increased by 78.11% to approximately ¥1.54 billion from ¥866.70 million in 2016[21]. - Basic earnings per share decreased by 1.70% to ¥0.4637 from ¥0.4717 in 2016[22]. - The weighted average return on equity decreased by 2.66 percentage points to 13.61% from 16.27% in 2016[22]. - Operating profit increased by 15.75% year-on-year, indicating improved profitability despite a slight decline in revenue[51]. - The total revenue for the year 2017 was CNY 1,150.70 million, with supply chain logistics revenue accounting for CNY 1,101.26 million, representing 95.70% of total revenue[184]. Dividend Distribution - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares, totaling 55,300,005 RMB, which accounts for 39.82% of the net profit attributable to shareholders for the year 2017[5]. - In 2016, the cash dividend was 3.62 RMB per 10 shares, amounting to 100,000,000 RMB, accounting for 76.68% of the net profit attributable to ordinary shareholders[92]. - The company has not revised its future dividend return plan during the reporting period, maintaining transparency in its profit distribution policy[91]. Audit and Compliance - The company received a standard unqualified audit report from Tianzhi International Accounting Firm[4]. - The audit report confirmed that the financial statements fairly reflect the financial position and operating results of the company as of December 31, 2017[179]. - The audit procedures included testing key controls related to revenue recognition and evaluating the appropriateness of accounting policies used by the management[188]. - The management's evaluation of the financial statements was deemed appropriate, with no significant uncertainties affecting the company's operations[189]. - The company maintains a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[106]. Risk Management - The company has described potential risks in its management discussion and analysis section, highlighting future development challenges[7]. - The company is aware of international political risks that could impact its trade and logistics operations due to changing global economic conditions[89]. - The company relies on third-party logistics services for its supply chain management, which poses risks related to service quality and delivery performance[86]. - The company primarily adopts a light asset model, leasing warehouses, which may face risks related to property rights and availability[88]. Strategic Focus and Development - The company focuses on providing lean supply chain management services for multinational enterprises, enhancing operational efficiency and reducing costs[30]. - The company aims to become a leading player in lean supply chain management in China, focusing on high-tech electronics, medical devices, and high-end consumer goods[58]. - The company is actively expanding its national service network, with logistics bases in Tianjin, Kunshan, and Chengdu under construction and expected to be completed by mid-2018[49]. - The company plans to expand its logistics network to cover 50-80 core cities and 500 third- and fourth-tier cities through a light asset operation model[75]. - The company will focus on five key sectors: electronics, medical equipment, machinery, high-end consumer goods, and lean manufacturing for business expansion in 2018[80]. Human Resources and Management - The management team consists of 50% with master's degrees, ensuring a high level of expertise in supply chain management[44]. - The company provided an average of 37 training hours per employee in 2017[160]. - The board of directors consists of 11 members, including 4 independent directors, complying with legal requirements[166]. - Total compensation for all directors, supervisors, and senior management amounted to 14.628 million yuan[155]. Shareholder Information - The total number of shares that can be reduced by major shareholders may reach up to 100% of their holdings at the time of listing[95]. - The company committed to not reducing its shareholding within the first 12 months post-IPO, with a lock-up period of two years for major shareholders[94]. - The company will ensure that any share reduction activities are conducted through legally recognized methods such as block trades or centralized bidding[95]. - The total number of ordinary shareholders at the end of the reporting period was 46,939, an increase from 34,900 at the end of the previous month[134]. Operational Efficiency - The company has implemented a comprehensive quality management system, which is crucial for continuous improvement and performance enhancement[46]. - The company has established internal controls to ensure the accuracy of financial reporting, with no significant deficiencies reported during the audit period[186]. - The company aims to reduce operational costs by 15% through efficiency improvements in the supply chain[153]. Market Position and Expansion - The company is focused on promoting its specialized supply chain management services, which are still in the early stages of development in the domestic market[84]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2019[152]. - A strategic acquisition was completed, enhancing the company's capabilities in logistics, valued at 300 million[153]. Financial Management - The company reported an investment income of CNY 627,788.39, an increase from CNY 511,766.08 in the previous year[199]. - Other income for 2017 was CNY 1,637,199.98, contributing to the overall financial performance[199]. - The company has engaged in bank wealth management products with a total amount of CNY 70,000,000, including CNY 40,000,000 from raised funds and CNY 30,000,000 from self-owned funds[115].

Financial Performance - Operating revenue for the first nine months decreased by 2.12% to CNY 884,809,501.86 compared to the same period last year[6] - Net profit attributable to shareholders increased by 4.21% to CNY 119,779,177.25 compared to the same period last year[6] - Basic earnings per share increased by 4.21% to CNY 0.4332 compared to the same period last year[7] - Total revenue for Q3 2017 was CNY 288,522,245.62, a decrease of 11.4% compared to CNY 325,684,134.87 in Q3 2016[24] - Net profit for the first nine months of 2017 was CNY 155,536,517.50, compared to CNY 138,940,000.00 for the same period in 2016, reflecting a growth of 11.9%[24] - Operating revenue for Q3 2017 was CNY 172,301,887.88, a decrease of 6.6% compared to CNY 184,513,351.00 in Q3 2016[27] - Net profit attributable to shareholders for Q3 2017 was CNY 38,624,601.38, down 7.5% from CNY 41,671,541.43 in Q3 2016[26] - Total profit for the first nine months of 2017 reached CNY 160,251,128.59, compared to CNY 154,828,838.84 in the same period of 2016, marking an increase of 3.0%[25] Assets and Liabilities - Total assets increased by 63.91% to CNY 1,814,809,617.06 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 75.90% to CNY 1,524,562,758.84 compared to the end of the previous year[6] - Cash and cash equivalents increased by 144.13% to ¥1,029,292,264.31 from ¥421,617,524.48, primarily due to funds raised from the public offering[11] - Accounts receivable decreased by 93.76% to ¥1,175,598.32 from ¥18,830,000.00, mainly due to the maturity of notes[11] - Fixed assets rose by 143.90% to ¥288,787,009.51 from ¥118,401,766.78, attributed to the transfer of construction projects to fixed assets[11] - Total liabilities decreased in tax payable by 46.08% to ¥14,619,056.25 from ¥27,111,547.04, due to tax payments made for the previous year[12] - Total assets as of September 30, 2017, reached CNY 1,666,266,327.71, up from CNY 1,006,077,543.06 at the beginning of the year, indicating a growth of 65.5%[22] - Total liabilities increased to CNY 152,456,181.69 from CNY 151,379,708.02, a slight increase of 0.7%[22] Cash Flow - Net cash flow from operating activities increased by 15.18% to CNY 191,328,225.24 compared to the same period last year[6] - Operating cash inflow for the period reached CNY 1,027,500,147.13, an increase of 7.7% compared to CNY 953,594,060.74 in the previous year[31] - Net cash flow from operating activities was CNY 191,328,225.24, up from CNY 166,108,575.31, reflecting a growth of 15.5% year-over-year[32] - Cash inflow from financing activities amounted to CNY 650,850,471.00, with a net cash flow of CNY 549,982,804.30, a substantial recovery from a net outflow of CNY 75,943,183.83 last year[32] - The company reported a net increase in cash and cash equivalents of CNY 607,674,739.83, contrasting with a decrease of CNY 1,118,756.44 in the same period last year[32] Shareholder Information - The total number of shareholders reached 58,370 by the end of the reporting period[9] - The largest shareholder, Shanghai Pudong New Area State-owned Assets Supervision and Administration Commission, holds 24.87% of the shares[9] Investment and Expenses - The company reported a total of CNY 3,177,248.85 in non-operating income for the first nine months[8] - Investment income increased by 54.32% to ¥528,202.67 from ¥342,274.45, driven by higher profits from joint ventures[12] - The company reported an investment income of CNY 107,188.32 for Q3 2017, compared to CNY 41,903.78 in Q3 2016, reflecting a growth of 155.5%[24] - Financial expenses for the first nine months of 2017 were CNY -7,086,193.92, compared to CNY -5,047,145.48 in the same period of 2016, indicating an increase in financial costs[27] - The company incurred operating costs of CNY 108,700,971.81 in Q3 2017, down from CNY 128,124,370.87 in Q3 2016, a decrease of 15.2%[27] Future Outlook - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency[24]