2020 年第三季度报告 公司代码：603813 公司简称：原尚股份 广东原尚物流股份有限公司 2020 年第三季度报告 1 / 29 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 11 | 2020 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人余军、主管会计工作负责人李运及会计机构负责人（会计主管人员）夏运兰保证 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 3 / 29 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 859,884,479.87 844,911,601.75 1.77 归属于上市公司 股东的净资产 669,48 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥237,591,207.15, a decrease of 47.92% compared to ¥456,200,179.57 in the same period last year[18]. - The net profit attributable to shareholders was ¥1,470,900.67, down 95.52% from ¥32,866,683.54 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥898,359.29, a decrease of 97.25% compared to ¥32,672,869.08 in the previous year[18]. - Basic earnings per share were ¥0.017, down 95.41% from ¥0.37 in the same period last year[19]. - The weighted average return on net assets was 0.219%, a decrease of 5.021 percentage points from 5.24% year-on-year[19]. - The decline in revenue and profit was primarily due to the impact of the COVID-19 pandemic, which caused delays in the resumption of work by customers and suppliers[20]. - The company reported a significant increase of 123.54% in construction in progress, primarily due to the preparation for the establishment of the supply chain center in Zengcheng[45]. - The company reported a net loss of RMB 180,700 for the first half of 2020, with total assets amounting to RMB 677,300[96]. Cash Flow and Assets - The net cash flow from operating activities increased by 457.74% to ¥40,132,696.53 from ¥7,195,630.59 in the same period last year[18]. - Total assets at the end of the reporting period were ¥845,394,446.40, a slight increase of 0.06% from ¥844,911,601.75 at the end of the previous year[18]. - The company's cash and cash equivalents at the end of June 2020 stood at ¥82.75 million, an increase from ¥63.43 million at the end of June 2019[126]. - Total current assets as of June 30, 2020, amounted to ¥428,352,004.37, a slight decrease from ¥432,342,859.80 as of December 31, 2019, representing a decline of approximately 0.8%[110]. - Total liabilities as of June 30, 2020, were ¥189,566,581.64, compared to ¥172,659,141.76 as of December 31, 2019, marking an increase of about 9.8%[112]. Business Operations - The company operates as a third-party supply chain logistics provider, primarily serving automotive manufacturers and their suppliers with comprehensive logistics services[25]. - The company has ceased its supply chain trading business to mitigate risks, which further contributed to the decline in revenue and net profit[20]. - The company is expanding its logistics services to non-automotive sectors, including partnerships with Guangzhou Baiyun International Airport and Blue Moon[41]. - The company has established long-term partnerships with major automotive manufacturers, including GAC Honda and Dongfeng Honda[35]. - The company provides logistics services across various sectors, including cold chain, express delivery, and appliance transportation, serving brands like JD.com and Yum China[25]. Shareholder and Equity Information - The company did not distribute any dividends or increase capital reserves in the first half of 2020, with a proposed distribution of 0 shares and 0 yuan per 10 shares[54]. - The total number of shares decreased from 8,970.20 million to 8,878.20 million due to a reduction of 92 million shares[86]. - The company repurchased and canceled a total of 920,000 shares, reducing the total share capital from 89,702,000 shares to 88,782,000 shares[92]. - The largest shareholder, Yuanshang Investment, holds 41,460,000 shares, representing 46.70% of the total shares[95]. - The company’s total share capital after the repurchase was 88,782,000 RMB[89]. Legal and Compliance Matters - The company has initiated legal proceedings to recover overdue accounts from key clients, with ongoing litigation affecting financial forecasts[50]. - The company reported significant litigation matters, including a contract dispute with Shanghai Top Wang Logistics Co., Ltd., which is currently pending in court[70]. - The company maintains a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[72]. - The company has not encountered any major legal disputes or arbitration cases during the reporting period[71]. Corporate Governance and Commitments - The company commits to not using its position to harm the interests of the company or other shareholders, and will not occupy the company's funds or assets for any reason[60]. - The company will ensure that any unavoidable related transactions are conducted under fair and reasonable commercial terms[60]. - The company emphasizes the importance of transparency and accountability in its operations, particularly regarding the commitments made in the prospectus[62]. - The company has established measures to compensate investors for losses incurred due to misleading statements in the prospectus, reinforcing investor protection[62]. - The company will publicly explain any failure to fulfill commitments and apologize to shareholders and the public if violations occur[60]. Market and Future Outlook - The logistics market is recovering, with logistics demand structure optimizing and costs stabilizing, as reported by the China Federation of Logistics and Purchasing[32]. - The company plans to focus on market expansion and new product development in the upcoming quarters[120]. - Future guidance indicates a commitment to maintaining strong financial health and pursuing strategic investments in new technologies[135]. - The company has identified potential areas for mergers and acquisitions to enhance its market presence[120]. Research and Development - R&D expenses decreased due to the impact of the pandemic on research activities[45]. - Research and development expenses for the first half of 2020 were ¥6.27 million, down from ¥8.97 million in the same period of 2019, indicating a reduction of 30%[122].

广东原尚物流股份有限公司 2020 年第一季度报告 公司代码：603813 公司简称：原尚股份 广东原尚物流股份有限公司 2020 年第一季度报告 | | 本报告期末 | 上年度末 | 本报告期末比上年度 | | | --- | --- | --- | --- | --- | | | | | 末增减(%) | | | 总资产 | 885,544,830.36 | 844,911,601.75 | | 4.81 | | 归属于上市公司股东的 | 673,628,811.49 | 672,200,237.37 | | 0.21 | | 净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的现金流 | 15,373,848.50 | 25,633,675.77 | | -40.02 | | 量净额 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减（%） | | | 营业收入 | 107,270,337.25 | 245,254,819.58 | | -56.26 | | 归属于上市公司股东的 | 48 ...

Financial Performance - The company's operating revenue for 2019 was CNY 1,032,726,890.34, representing a 26.85% increase compared to CNY 814,113,166.28 in 2018[20] - The net profit attributable to shareholders for 2019 was CNY 69,089,973.50, a 24.21% increase from CNY 55,623,632.64 in 2018[20] - The basic earnings per share for 2019 was CNY 0.78, up 23.81% from CNY 0.63 in 2018[21] - The total assets at the end of 2019 were CNY 844,911,601.75, a 6.21% increase from CNY 795,539,548.85 at the end of 2018[20] - The weighted average return on equity for 2019 was 10.83%, an increase of 1.36 percentage points from 9.47% in 2018[21] - The company's net assets attributable to shareholders at the end of 2019 were CNY 672,200,237.37, a 10.35% increase from CNY 609,160,115.68 at the end of 2018[20] - The cash flow from operating activities for 2019 was CNY 63,157,815.67, a significant recovery from a negative cash flow of CNY -92,256,798.24 in 2018[20] Revenue Breakdown - In 2019, the company's total revenue from automotive parts logistics was CNY 390.64 million, a year-on-year increase of 0.64%, accounting for 37.83% of total revenue[27] - Non-automotive parts logistics revenue reached CNY 162.75 million, showing a significant year-on-year growth of 201.66%, representing 15.76% of total revenue[27] - Supply chain trade business revenue amounted to CNY 479.18 million, with a year-on-year increase of 28.86%, making up 46.41% of total revenue[27] Dividend Policy - The company plans to distribute a cash dividend of CNY 2.32 per 10 shares, totaling CNY 20,810,864.00, subject to shareholder approval[5] - The cash dividend distribution plan requires that at least 20% of the distributable profits for the year be allocated as cash dividends[99] - In 2019, the cash dividend payout ratio was 30.12% of the net profit attributable to ordinary shareholders[103] - The company has maintained a consistent cash dividend policy, with cash dividends in previous years being 1.87 CNY per 10 shares in 2018 and 1.80 CNY in 2017[103] Operational Highlights - The company engaged in various logistics services, including JIT delivery for automotive manufacturers, contributing to its core business model[27] - The logistics equipment production and sales segment includes mobile equipment and storage devices, enhancing the company's service offerings[30] - The company serves major automotive brands such as GAC Honda and NIO, indicating a strong market presence in the automotive logistics sector[27] - The company has established a logistics network covering multiple regions, enhancing service quality and cost management[37] Market Conditions - The automotive industry faced a downturn in 2019, with vehicle production and sales declining by 7.5% and 8.2% respectively[43] - The company plans to continue diversifying its customer base beyond automotive parts logistics[47] - The logistics industry is entering a consolidation phase, driven by the rise of e-commerce and the need for cost control, leading to the emergence of competitive companies[76] Research and Development - The company reported a significant increase in research and development expenses, which rose by 23.65% to 18.22 million RMB[50] - The total R&D expenses amounted to 182.20 million yuan, representing a 23.65% increase compared to the previous year, primarily due to increased investment in R&D activities[60] - The total R&D investment accounted for 1.76% of the operating revenue, with 86 R&D personnel making up 8.02% of the total workforce[62] Governance and Compliance - The company emphasizes that forward-looking statements in the report do not constitute substantive commitments to investors[6] - The company has established a comprehensive safety management system for its logistics operations, but risks remain due to external factors affecting transportation[88] - The company has maintained compliance with legal and regulatory requirements throughout the reporting period[130] Shareholder Relations - The company emphasizes the protection of shareholder rights and has established multiple platforms for investor relations[130] - The independent directors agreed that the profit distribution plan for 2019 complies with relevant laws and regulations, ensuring no adverse effects on the company's liquidity[100] - The company will announce any stock reduction plans three trading days in advance and adhere to disclosure obligations as per stock exchange rules[111] Financial Health - The total liabilities decreased by 6.49% to 72 million yuan in short-term borrowings, reflecting a reduction in financing needs[66] - The asset-liability ratio improved to 20.44% from 23.14%, indicating a stronger financial position[146] - The company’s accounts receivable increased by 13.52% to CNY 311.69 million, primarily due to the growth in supply chain trade[36] Audit and Internal Control - The audit report confirmed that the financial statements fairly represent the company's financial position as of December 31, 2019[191] - The company did not have any assets or projects with profit forecasts that were not met during the reporting period[118] - The company has implemented key internal controls related to revenue recognition and accounts receivable impairment, ensuring their design and operational effectiveness[196]

Financial Performance - The company's operating revenue for 2019 was CNY 1,032,726,890.34, representing a year-on-year increase of 26.85% compared to CNY 814,113,166.28 in 2018[20] - The net profit attributable to shareholders for 2019 was CNY 69,089,973.50, which is a 24.21% increase from CNY 55,623,632.64 in 2018[20] - The basic earnings per share for 2019 was CNY 0.78, up 23.81% from CNY 0.63 in 2018[21] - The total assets of the company at the end of 2019 were CNY 844,911,601.75, reflecting a 6.21% increase from CNY 795,539,548.85 at the end of 2018[20] - The cash flow from operating activities for 2019 was CNY 63,157,815.67, a significant recovery from a negative cash flow of CNY -92,256,798.24 in 2018[20] - The weighted average return on equity for 2019 was 10.83%, an increase of 1.36 percentage points from 9.47% in 2018[21] - The company reported a net asset value attributable to shareholders of CNY 672,200,237.37 at the end of 2019, which is a 10.35% increase from CNY 609,160,115.68 at the end of 2018[20] Revenue Breakdown - In 2019, the company's total revenue from automotive parts logistics was CNY 390.64 million, a year-on-year increase of 0.64%, accounting for 37.83% of total revenue[28] - Non-automotive parts logistics revenue reached CNY 162.75 million, a significant year-on-year increase of 201.66%, representing 15.76% of total revenue[28] - Supply chain trading business revenue amounted to CNY 479.18 million, up 28.86% year-on-year, making up 46.41% of total revenue[28] Dividend Policy - The company plans to distribute a cash dividend of CNY 2.32 per 10 shares, totaling CNY 20,810,864.00, subject to shareholder approval[5] - In 2019, the cash dividend represented 30.12% of the net profit attributable to ordinary shareholders, which was 69,089,973.50 RMB[99] - The cash dividend distribution plan for 2019 is subject to approval at the annual shareholders' meeting[98] - The company has established a cash dividend policy that mandates a minimum of 20% of the distributable profits to be allocated for cash dividends, provided certain financial conditions are met[95] Operational Highlights - The company is focused on expanding its logistics services beyond automotive, including cold chain and express delivery services[28] - The logistics industry is experiencing increased competition, with larger firms having better risk management capabilities[33] - The company has developed a comprehensive logistics service model, including transportation, warehousing, and value-added services[28] - The logistics network covers major regions in China, enhancing service quality and cost management[38] Market Conditions - The automotive industry in China saw a decline in production and sales, with a drop of 7.5% and 8.2% respectively in 2019[43] - The automotive parts logistics industry is facing increased competition due to the Just-In-Time (JIT) production model adopted by manufacturers[77] - The logistics industry in China is undergoing consolidation, with a shift towards more organized operations and the emergence of new business models such as supply chain management[70] Research and Development - The company’s R&D expenses amounted to CNY 18.22 million, representing 1.76% of total operating revenue, with a year-on-year increase of 23.65%[61] - The company had 86 R&D personnel, making up 8.02% of the total workforce[61] - The company is investing 50 million RMB in research and development for new technologies aimed at improving delivery speed and accuracy[103] Governance and Compliance - The company has committed to transparency and accountability in its financial reporting and investor communications[106] - The company will take necessary actions to rectify any identified discrepancies in its financial disclosures to maintain investor trust[106] - The company has established long-term commitments to ensure compliance with regulatory requirements and protect investor interests[106] - The audit report emphasizes the importance of evaluating the appropriateness of accounting policies and the reasonableness of accounting estimates made by management[196] Shareholder Relations - The company maintains a transparent investor relations platform to protect shareholder rights and enhance operational transparency[126] - The company held 4 shareholder meetings during the reporting period, ensuring compliance with legal regulations and protecting the rights of all shareholders, especially minority shareholders[174] - The board of directors held 13 meetings during the reporting period, demonstrating effective governance and decision-making processes[176] Employee Management - The total number of employees in the parent company and major subsidiaries is 1,072, with 547 in the parent company and 525 in subsidiaries[168] - The company has established a competitive salary management system based on principles of fairness and market orientation[169] - The company has implemented a training plan that includes external training for senior management and operational skills training for logistics staff[170] Audit and Financial Reporting - The company appointed Tianjian Accounting Firm as the auditor for the 2019 financial report, with an audit fee of RMB 605,000[116] - The internal control audit by Tianjian Accounting Firm has a fee of RMB 150,000, and the audit period is set for 6 years[116] - The company’s financial statements for the year ended December 31, 2019, were audited and deemed to fairly reflect its financial position and operating results[187]

Financial Performance - Operating revenue for the first nine months reached CNY 784,037,869.14, a growth of 34.07% year-on-year[7] - Net profit attributable to shareholders increased by 18.78% to CNY 49,538,139.17 for the first nine months[7] - Basic earnings per share rose by 19.15% to CNY 0.56[8] - The company reported a net profit of ¥192,037,903.56 for the period, compared to ¥175,627,947.00 in the previous period, indicating a growth of about 9.5%[26] - The total profit for the first three quarters of 2019 was ¥58,991,325.07, an increase of 19.3% compared to ¥49,445,572.90 in the first three quarters of 2018[28] - The company achieved a net profit attributable to shareholders of ¥16,671,455.63 in Q3 2019, compared to ¥14,785,590.00 in Q3 2018[29] Cash Flow - The net cash flow from operating activities was CNY 40,928,854.05, a significant recovery from a loss of CNY 82,860,037.59 in the same period last year[7] - Cash flow from operating activities for the first three quarters of 2019 was ¥40,928,854.05, compared to a negative cash flow of -¥82,860,037.59 in the same period of 2018[37] - Net cash flow from operating activities for Q3 2019 was CNY 49,696,826.35, a turnaround from a negative cash flow of CNY -144,677,705.11 in Q3 2018[42] - The net cash increase for Q3 2019 was CNY -2,330,773.13, compared to a decrease of CNY -254,550.87 in Q3 2018, highlighting ongoing cash management challenges[42] Assets and Liabilities - Total assets increased by 8.01% to CNY 859,262,800.10 compared to the end of the previous year[7] - Total liabilities reached ¥202,592,673.47, up from ¥184,073,364.25, marking an increase of about 10.5%[21] - Current liabilities rose to ¥202,149,340.21 from ¥173,235,030.96, reflecting an increase of approximately 16.7%[21] - Total current assets increased to RMB 441,393,980.99 from RMB 382,723,881.83, indicating growth in liquidity[19] - The company reported a total asset value of ¥688,440,490.65, with non-current assets accounting for ¥199,657,601.60[49] Shareholder Information - The company had a total of 8,212 shareholders at the end of the reporting period[12] - The largest shareholder, Yuanshang Investment Holdings, holds 46.19% of the shares[12] - The company’s total equity attributable to shareholders was ¥525,555,155.45, reflecting a strong equity position[50] Operating Costs and Expenses - The operating costs increased by 35.11% to RMB 670,232,418.72 from RMB 496,076,920.91, primarily due to increased business volume[15] - The company experienced a 97.91% increase in other expenses, which rose to RMB 681,095.72 from RMB 344,142.21, primarily due to compensation payments[16] - Long-term expenses increased by 413.78% to RMB 10,219,380.01 from RMB 1,989,072.97, mainly due to warehouse renovations[15] Research and Development - Research and development expenses for Q3 2019 totaled ¥4,416,580.40, an increase of 23.1% from ¥3,587,702.46 in Q3 2018[27] - Research and development expenses for the first three quarters of 2019 amounted to ¥13,386,422.31, a 29.5% increase from ¥10,340,974.55 in the first three quarters of 2018[34] Other Financial Metrics - The weighted average return on equity increased by 0.79 percentage points to 7.85%[8] - The company reported a non-operating income of CNY 605,302.64 from government subsidies related to normal business operations[10] - The company has not disclosed any new product developments or market expansion strategies in this report[6]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥456,200,179.57, representing a 54.07% increase compared to ¥296,090,283.97 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2019 was ¥32,866,683.54, up 22.09% from ¥26,919,473.02 in the previous year[21]. - The net cash flow from operating activities improved significantly to ¥7,195,630.59, compared to a negative cash flow of ¥33,774,497.80 in the same period last year[21]. - The total assets of the company increased by 6.94% to ¥850,789,455.83 from ¥795,539,548.85 at the end of the previous year[21]. - The net assets attributable to shareholders rose to ¥629,695,204.13, marking a 3.37% increase from ¥609,160,115.68 at the end of the previous year[21]. - Basic earnings per share for the first half of 2019 were ¥0.37, a 23.33% increase from ¥0.30 in the same period last year[22]. - The weighted average return on net assets increased to 5.24%, up from 4.65% in the previous year, reflecting a 0.59 percentage point increase[22]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2019, representing a 20% year-over-year growth[58]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion for the quarter, representing a 25% year-over-year growth[62]. Revenue Breakdown - The company's automotive parts logistics business revenue amounted to 184.94 million yuan, a slight decrease of 0.07% year-on-year, accounting for 40.54% of total revenue[26]. - Non-automotive parts logistics business revenue reached 84.44 million yuan, showing a significant growth of 198.95% year-on-year, representing 18.51% of total revenue[26]. - Supply chain trading business revenue was 186.78 million yuan, reflecting a year-on-year increase of 125.7%, making up 40.95% of total revenue[26]. - Revenue from non-automotive parts logistics business reached 84.44 million RMB, a significant increase of 198.95% year-on-year[40]. - Supply chain trade business revenue amounted to 186.78 million RMB, reflecting a year-on-year growth of 125.70%[41]. Operational Efficiency - The company reported a decrease in inventory by 28.92%, indicating improved inventory management[45]. - The company's gross profit margin for its main business was 16.48% in the first half of 2019, a slight increase from 15.17% in 2018, but significantly lower than 26.70% in 2017, highlighting ongoing competitive pressures[51]. - The company plans to reduce its dependence on the automotive industry by expanding its client base in non-automotive sectors, which may lead to a lower overall gross profit margin due to the typically lower margins in those sectors[51]. - The company aims to maximize supply chain value by reducing inventory and minimizing production downtime for clients[35]. Research and Development - Research and development expenses increased by 40.53% to 89.70 million RMB, indicating a commitment to enhancing innovation[43]. - The company plans to continue investing in R&D to drive future growth and innovation in its product offerings[122]. - The company is investing in new technology development, allocating 50 million towards R&D initiatives in the upcoming year[58]. Market Expansion and Strategy - The company has established long-term partnerships with major automotive brands, including GAC Honda and NIO, enhancing its market position[36]. - The logistics network covers key regions in China, allowing for efficient resource allocation and quick response to client needs[35]. - Market expansion plans include entering three new international markets by the end of 2019, aiming for a 25% increase in market share[59]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million earmarked for potential deals[58]. Financial Management and Shareholder Relations - There were no plans for profit distribution or capital reserve conversion to share capital for the first half of 2019[6]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[8]. - The company plans to repurchase shares through the exchange bidding system, with the repurchase price determined by the higher of the issuance price plus bank interest or the weighted average trading price over the last 30 trading days[64]. - The company will publicly disclose reasons for any failure to fulfill commitments and apologize to shareholders[68]. Risk Management - The logistics business is primarily road-based and is susceptible to various risks, including weather and traffic conditions, which could adversely affect delivery and operational performance[50]. - The company faces risks related to bad debts from accounts receivable, particularly if downstream clients experience financial difficulties[52]. - The company has implemented comprehensive safety management and emergency protocols, but risks remain regarding transportation accidents and potential claims from clients or third parties[50]. Compliance and Governance - The company has decided to reappoint Tianjian Accounting Firm as the financial audit and internal control audit institution for the year 2019[74]. - There are no significant litigation or arbitration matters during the reporting period[74]. - The company and its controlling shareholders have not failed to fulfill any court judgments or have any significant overdue debts during the reporting period[74]. Accounting Policies - The company’s financial statements comply with accounting standards, accurately reflecting its financial position and operating results[151]. - The company classifies its operating cycle as short, using 12 months as the standard for liquidity of assets and liabilities[153]. - The company applies the equity method for accounting treatment of mergers under common control and recognizes goodwill for mergers not under common control when the purchase cost exceeds the fair value of identifiable net assets[155].

Financial Performance - Operating revenue surged by 108.79% to CNY 245,254,819.58 from CNY 117,465,713.23 year-on-year[6] - Net profit attributable to shareholders increased by 52.14% to CNY 13,357,168.74 compared to CNY 8,779,288.32 in the same period last year[6] - Basic earnings per share rose by 36.36% to CNY 0.15 from CNY 0.11 year-on-year[6] - The company's operating revenue increased by 108.79% year-on-year, reaching CNY 245,254,819.58, primarily due to the growth in the Chongqing supply chain trading business[12] - The net profit for Q1 2019 reached CNY 8,883,199.33, representing a growth of 73.5% from CNY 5,132,335.09 in Q1 2018[29] - The total profit for Q1 2019 was CNY 10,416,108.08, up from CNY 6,022,419.79 in Q1 2018, reflecting strong operational performance[29] Cash Flow - Cash flow from operating activities improved significantly, reaching CNY 25,633,675.77, compared to a negative CNY 7,524,902.38 in the previous year[6] - The cash flow from operating activities for Q1 2019 was CNY 25,633,675.77, a significant improvement from a negative cash flow of CNY -7,524,902.38 in Q1 2018[32] - The net cash flow from operating activities was CNY 31,037,843.69, a significant recovery from a net outflow of CNY 56,339,289.79 in the same period last year[36] - The company received CNY 25,457,231.12 in other operating cash, a substantial increase from CNY 5,888,870.32 in Q1 2018[36] Assets and Liabilities - Total assets increased by 2.09% to CNY 812,153,927.18 compared to the end of the previous year[6] - The total assets of the company as of March 31, 2019, were CNY 812,153,927.18, up from CNY 795,539,548.85 at the end of 2018[18] - Total liabilities amounted to CNY 184,073,364.25, with current liabilities at CNY 173,235,030.96 and non-current liabilities at CNY 10,838,333.29[40] - The company’s total assets amounted to CNY 795,539,548.85 as of the end of Q1 2019, unchanged from the previous year[39] Shareholder Information - The total number of shareholders reached 10,179 by the end of the reporting period[10] - The largest shareholder, Yu Jun, holds 46.30% of the shares through Yuanshang Investment Holding Co., Ltd.[10] Operating Costs and Expenses - Operating costs rose by 123.19% year-on-year to CNY 211,540,828.38, mainly driven by increased costs in the Chongqing supply chain trading business[12] - The company’s tax expenses rose by 109.83% to CNY 2,839,231.49, driven by an increase in pre-tax profits[13] - The company’s financial expenses amounted to CNY 857,364.11, reflecting an increase in loan interest due to higher borrowing[12] Research and Development - Research and development expenses increased to CNY 4,405,807.09 from CNY 3,906,146.09, highlighting a commitment to innovation[25] - Research and development expenses for Q1 2019 totaled CNY 4,405,807.09, compared to CNY 3,906,146.09 in Q1 2018, indicating a focus on innovation[28] Other Income and Non-Recurring Items - The company reported a net non-recurring profit of CNY 84,066.93 for the period[9] - Other income increased by 1111.43% to CNY 424,000.01, mainly from government subsidies received[13] Financial Management - The company incurred financial expenses of CNY 906,387.29 in Q1 2019, compared to a financial income of CNY -136,322.55 in Q1 2018, indicating a shift in financial management[28] - The company executed the new financial instrument standards starting January 1, 2019, without the need for retrospective adjustments[44]

Financial Performance - The company's operating revenue for 2018 was CNY 814,113,166.28, representing a 107.41% increase compared to CNY 392,513,418.49 in 2017[20] - The net profit attributable to shareholders for 2018 was CNY 55,623,632.64, a 7.19% increase from CNY 51,890,836.10 in 2017[20] - The total assets of the company increased by 18.59% to CNY 795,539,548.85 at the end of 2018, up from CNY 670,838,385.92 at the end of 2017[20] - The company's net assets attributable to shareholders rose by 7.72% to CNY 609,160,115.68 at the end of 2018, compared to CNY 565,490,783.15 at the end of 2017[20] - The basic earnings per share for 2018 was CNY 0.63, a decrease of 12.50% from CNY 0.72 in 2017[21] - The weighted average return on equity for 2018 was 9.47%, down 3.62 percentage points from 13.09% in 2017[21] - The net cash flow from operating activities for 2018 was negative CNY 92,256,798.24, a decrease of 220.78% compared to positive CNY 76,383,199.88 in 2017[20] Revenue Breakdown - In 2018, the company's automotive parts logistics business generated revenue of 388.17 million RMB, representing a year-on-year growth of 13.23%, accounting for 47.69% of total revenue[28] - Non-automotive logistics business revenue reached 53.95 million RMB, with a year-on-year increase of 8.62%, making up 6.63% of total revenue[28] - Supply chain trading business commenced in March 2018, contributing 371.87 million RMB to revenue, which accounted for 45.68% of total revenue[28] - The logistics business segment for automotive parts generated revenue of 388.17 million yuan, up 13.23% year-on-year[41] - The supply chain trade business, initiated in March 2018, contributed revenue of 371.87 million yuan[41] Cash Dividend Policy - The company plans to distribute a cash dividend of CNY 1.87 per 10 shares, totaling CNY 16,745,850.00, subject to shareholder approval[4] - The company maintains a cash dividend policy prioritizing stable and continuous returns to investors, with no adjustments made during the reporting period[88] - The company implements a stable profit distribution policy, prioritizing cash dividends, with a minimum cash distribution of 20% of the distributable profit for the year[89] - The independent directors agreed that the 2018 profit distribution plan aligns with legal regulations and does not harm minority shareholders' interests[97] Risk Management - The company has outlined potential risks in its annual report, advising investors to pay attention to these risks[6] - The logistics industry is expected to see increased market concentration, benefiting large-scale third-party logistics companies like the company[34] - The company operates in a competitive environment with large automotive manufacturers and large-scale third-party logistics firms dominating the market[34] Shareholder Commitments - The actual controller and shareholders committed not to transfer or entrust the management of their shares for 36 months from the date of the company's stock listing[103] - If the company's stock price falls below the issue price for 20 consecutive trading days within 6 months post-listing, the lock-up period for shares will automatically extend by 6 months[103] - The company has committed to not repurchase shares held by shareholders during the lock-up period[105] - The company will ensure that any related party transactions are conducted under fair and normal commercial terms, avoiding preferential conditions[108] Corporate Governance - The overall corporate governance structure remains intact with all board members actively engaged in their roles[181] - The board of directors includes 5 members, with 2 independent directors, meeting legal and regulatory requirements[193] - The company has established a public and transparent investor relations system to enhance operational transparency and help investors make informed decisions[142] - The company strictly adhered to information disclosure regulations, ensuring transparency and protecting the interests of minority investors[194] Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 1,033, with 483 in the parent company and 550 in subsidiaries[187] - The company has established a comprehensive salary system based on position salary, including seniority pay, housing subsidies, and special position allowances[188] - The company has implemented a training plan that includes external training for senior management and skill training for logistics staff[189] Future Outlook - The company plans to continue expanding its logistics network, with new logistics bases in Tianjin, Hefei, and Chongqing entering the production phase[77] - The company aims to diversify its customer base by expanding into cold chain, express delivery, fast-moving consumer goods, and home appliances logistics[78] - The company has not provided specific future guidance or performance outlook in the available reports[179]

| 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 2018 年第三季度报告 2018 年第三季度报告 公司代码：603813 公司简称：原尚股份 广东原尚物流股份有限公司 2018 年第三季度报告 1 / 21 | 目录 | | --- | 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 公司负责人余军、主管会计工作负责人李运及会计机构负责人（会计主管人员）夏运兰保证 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 3 / 21 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 748,111,081.89 670,838,385.92 11.52 归属于上市公司 股东的净资产 612,21 ...