证券代码：603967 证券简称：中创物流 公告编号：2022-025 中创物流股份有限公司 关于接待机构投资者调研活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、机构调研情况 会议时间：2022 年 7 月 25 日 会议地点：青岛市深圳路 169 号中创大厦 25 层会议室 会议形式：现场会议交流 参会人员：公司董事长李松青、董事会秘书楚旭日、证券事务代表邱鹏、 中信证券、承风金平、上海磐耀资产、安惠投资、湘财证券、冠恒华齐、高见 资产、隽赐投资 二、调研主要内容 （一）现场参观考察 公司董事会秘书陪同调研人员参观公司位于青岛市胶州上合示范区的智能 冷库，实地考察全自动智能立体冷库的建设及运营情况，感受智慧冷库的十足 "智冻力"。 （二）机构投资者提出的主要问题及公司回复情况 1.公司的业务描述过于细致专业，未来是否考虑对现有的五个业务板块进 行提炼和整合，便于投资者更好理解？ 答：结合公司上市三年来的探索与实践，公司管理层已经在今年上半年提 出了"一体两翼"的战略方针，即以国际集装箱运输配套物流产业 ...

2022 年第一季度报告 证券代码：603967 证券简称：中创物流 中创物流股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性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。 公司负责人李松青、主管会计工作负责人楚旭日及会计机构负责人（会计主管人员）王琛保证季 度报告中财务报表信息的真实、准确、完整。 第一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 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增减 | | --- | --- | --- | | | | 变动幅度(%) | | 营业收入 | 3,089,891,529.41 | 55.81 | | 归属于上市公司股东的净利润 | 54,822,436.59 | 12.32 | | 归属于上市公司股东的扣除非经常 | 50,128,993.80 | 11. ...

Financial Performance - The company's operating revenue for 2021 reached RMB 12,413,834,170.94, representing a 140.86% increase compared to RMB 5,153,894,160.89 in 2020[21] - The net profit attributable to shareholders of the listed company was RMB 207,893,567.60, an increase of 17.94% from RMB 176,270,450.15 in the previous year[21] - The net profit after deducting non-recurring gains and losses was RMB 190,898,380.56, up 29.85% from RMB 147,012,692.60 in 2020[21] - Basic earnings per share (EPS) for 2021 was CNY 0.78, up 18.18% from CNY 0.66 in 2020[22] - The weighted average return on equity (ROE) increased to 10.28%, up from 9.13% in 2020, marking an increase of 1.15 percentage points[22] - The company achieved operating revenue of 1,241,383.42 million RMB, a year-on-year increase of 140.86%[57] - The net profit attributable to shareholders was 20,789.36 million RMB, up 17.94% year-on-year, while the net profit excluding non-recurring gains and losses increased by 29.85% to 19,089.84 million RMB[57] Cash Flow and Assets - The net cash flow from operating activities decreased by 64.41% to RMB 65,617,986.59 from RMB 184,385,052.81 in 2020[21] - The total assets of the company increased by 42.66% to RMB 3,899,757,523.76 compared to RMB 2,733,543,425.73 at the end of 2020[21] - The net assets attributable to shareholders of the listed company were RMB 2,085,018,418.64, reflecting a 5.43% increase from RMB 1,977,679,674.46 in 2020[21] - The company's cash flow from operating activities decreased by 64.41% to 65,617,986.59 RMB, primarily due to increased accounts receivable[58] - Total assets amounted to 3,899,757,523.76 yuan, a 42.75% increase from the previous period[80] - The total liabilities reached 1,695,955,181.84 yuan, reflecting a 145.55% increase compared to the previous period[80] Business Segments and Operations - The company operates in five main business segments: freight forwarding, terminal operations, ship agency, coastal transportation, and project logistics[47] - The logistics service segment generated revenue of 12,377.48 million RMB, reflecting a 141.71% increase, while operating costs rose by 147.88% to 11,941.10 million RMB[62] - The freight forwarding business saw a revenue increase of 184.07% to 10,328.71 million RMB, despite a 3.52% decline in TEU volume[62] - The project logistics segment reported a significant revenue growth of 156.30% to 5.86 million RMB, driven by large wind power logistics projects[62] - The company has established subsidiaries and branches in major ports north of Ningbo, enhancing its operational network and service capabilities[47] Strategic Initiatives and Future Plans - The company plans to distribute a cash dividend of RMB 5 per 10 shares, totaling RMB 133,333,350, which accounts for 64.14% of the net profit for the year[7] - The company plans to continue expanding its operational network and customer coverage, leveraging its strong financial position and brand reputation[56] - The company plans to build approximately 100 national backbone cold chain logistics bases by 2025, addressing key industry challenges[46] - The company aims to implement an information technology development strategy to drive efficient growth through innovation[107] - The company plans to optimize its capital structure and improve financial conditions through diversified financing methods, including partnerships and capital market strategies[109] Market Environment and Challenges - The company faced challenges such as supply chain tensions and logistics inefficiencies due to ongoing global pandemic impacts[31] - The logistics industry is expected to maintain robust demand, supported by China's comprehensive industrial system[105] - The company has outlined potential risks in its management discussion and analysis section, advising investors to be cautious[9] - The company faces risks from intensified market competition, rising labor costs, and potential issues with logistics information technology systems[120][121] Governance and Compliance - The company has established a robust internal governance structure, ensuring compliance with laws and regulations while maintaining effective communication with investors[125][126] - The company has maintained strict confidentiality measures for insider information, ensuring no insider trading occurred during sensitive disclosures[128] - The company has a clear plan for future independence and risk management regarding its controlling shareholder[129] - The company has implemented measures to mitigate foreign exchange risks, but increased foreign currency transactions could still impact financial performance[121] Employee and Compensation Management - The total number of employees in the parent company and major subsidiaries is 1,439, with 198 in the parent company and 1,241 in subsidiaries[155] - The company maintains a transparent employee compensation management system, linking employee income to departmental and individual performance assessments[156] - Total compensation for key personnel amounted to 44,160,000, with a breakdown of 43,390,075 and 769,925 for various roles[136] - The overall compensation strategy reflects a commitment to attracting and retaining top talent in the industry[136] Shareholder Commitments and Stock Management - The actual controller and shareholders of Zhongchuang Logistics committed to not transferring or entrusting the management of their shares for 36 months from the date of listing[167] - The company has committed to comply with relevant laws and regulations regarding any violations of the above commitments[169] - The company plans to repurchase shares amounting to no less than 20% of the net profit attributable to shareholders from the previous fiscal year during the 120-day stabilization period[197] - The controlling shareholder will increase holdings if the stock price does not meet the stabilization conditions, with a minimum investment of 20% of the total cash dividends received since the company's listing[199]

证券代码：603967 证券简称：中创物流 公告编号：2021-040 中创物流股份有限公司 关于接待机构投资者调研活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、机构调研情况 会议时间：2021 年 11 月 5 日 会议地点：青岛市深圳路 169 号中创大厦 25 层会议室 会议形式：现场会议交流 参会人员：公司董事长李松青、董事会秘书楚旭日、申万交运、承风金 平、洪赢投资、立心资产、上海磐耀资产、广州越声理财、冠恒华齐、上海添 橙投资、上海掌未资产、上海思雨医疗器械、上海瑞驰投资、上海照友投资、 上海玺营资产、兴业证券青岛分公司。 二、调研主要内容 （一）现场参观考察 中创远达总经理王可陪同调研人员参观公司位于青岛市黄岛区的保税仓 库，感受保税仓库繁忙的作业景象。公司董事会秘书陪同调研人员参观了中创 南港智能仓库以及中创智慧物流技术创新中心，切身体验智慧物流全场景应用 以及无人化智能仓储技术。 （二）业务介绍 公司董事长和董事会秘书向调研人员详细介绍公司六大业务板块并着重介 绍了公司未来重点发展的新 ...

2021 年第三季度报告 证券代码：603967 证券简称：中创物流 中创物流股份有限公司 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。 公司负责人李松青、主管会计工作负责人楚旭日及会计机构负责人（会计主管人员）王琛保 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 | 经营活动产生的现金流量 | 不适用 | 不适用 | -116,878,722.36 | | 不适用 | | --- | --- | --- | --- | --- | --- | | 净额 | | | | | | | 基本每股收益（元/股） | 0.23 | 27.78 | 0.61 | | 19.61 | | 稀释每股收益（元/股） | 0.23 | 27.78 | 0.61 | | 19.61 | | ...

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥4,754,124,978.12, representing a 109.99% increase compared to ¥2,264,003,177.44 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was ¥102,537,597.61, an increase of 16.60% from ¥87,940,568.96 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was ¥93,895,316.53, which is a 27.21% increase from ¥73,809,803.89 in the same period last year[15]. - Basic earnings per share for the first half of 2021 were ¥0.38, up 15.15% from ¥0.33 in the same period last year[16]. - Diluted earnings per share increased to CNY 0.38, up 15.15% from CNY 0.33[18]. - Basic earnings per share after excluding non-recurring gains increased to CNY 0.35, representing a 25.00% increase from CNY 0.28[18]. - The total revenue of the logistics industry reached CNY 57,000 million, with a year-on-year increase of 22.8%[27]. - The company reported a net profit of approximately 5,804 million yuan for one of its subsidiaries, indicating financial performance amidst competitive pressures[54]. Cash Flow and Financial Position - The net cash flow from operating activities was -¥114,107,740.27, a decrease of 247.01% compared to ¥77,618,931.50 in the previous year[15]. - Cash and cash equivalents at the end of the period were 273 million, a decrease of 46.68% due to increased accounts receivable from rising freight rates and business expansion[44]. - The company's receivables increased by 69.53% to ¥1,202,496,955.82, up from ¥709,306,300.17, indicating a substantial growth in business activity[41]. - The total liabilities amounted to 1.226 billion, a 77.52% increase compared to the previous period[43]. - The current ratio was 1.77, and the quick ratio was 1.76, indicating a reasonable level of asset-liability management[43]. - The company's cash flow from financing activities showed a significant turnaround, with a net inflow of ¥4,846,688.42 compared to a net outflow of ¥106,421,921.71 in the previous period[38]. Business Operations and Strategy - The company operates in five main business segments: freight forwarding, terminal operations, ship agency, coastal transportation, and project logistics[21]. - The company has established subsidiaries in major ports north of Ningbo, enhancing its operational network and service capabilities[21]. - The company is focusing on digital transformation and smart logistics to enhance its competitive edge[29]. - The company has developed an internal management and external business operation system to improve efficiency while controlling costs[21]. - The company plans to invest in the construction of three intelligent cold storage facilities with a total storage capacity of 100,000 slots and a daily storage capacity of 80,000 tons, expected to be operational by June 2022[34]. Risks and Challenges - The logistics industry faces challenges such as rising shipping prices and high raw material costs, which may impact future growth[25]. - Future growth may be affected by a narrowing global supply-demand gap as the world economy recovers[25]. - The company faces risks from global economic fluctuations, which could impact international trade and logistics demand[57]. - The ongoing global pandemic presents uncertainties that could affect the company's operational environment, despite effective domestic control measures[62]. Shareholder and Governance - The company has not disclosed any plans for profit distribution or capital reserve transfer during this reporting period[3]. - The company has committed to not transferring or entrusting the management of its shares for 36 months following the listing of its stock on the exchange[73]. - The company has a lock-up period for its shares, which will last for 24 months after the stock is listed, during which no transfers or management delegation will occur[74]. - The company has established a plan to ensure compliance with legal and regulatory requirements regarding share transfers and management[75]. Compliance and Regulatory Matters - The company has no significant litigation or arbitration matters during the reporting period[84]. - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[83]. - The company strictly adheres to regulations regarding daily related transactions during the reporting period[85]. Accounting and Financial Reporting - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[149]. - The company has adopted a 12-month operating cycle for asset and liability liquidity classification[151]. - The group assesses expected credit losses for receivables based on the entire expected lifetime, ensuring compliance with accounting standards[171].

Financial Performance - Operating revenue rose by 76.36% to CNY 1,983,088,010.44 year-on-year[5] - Net profit attributable to shareholders increased by 54.10% to CNY 44,939,209.06 compared to the same period last year[5] - Basic earnings per share increased by 38.46% to CNY 0.18[5] - The company reported a net profit of CNY 48,808,208.66 for the period, up 36.12% year-on-year[5] - Net profit increased by 40.43% to ¥57,619,941.12 from ¥41,031,125.45, reflecting improved operational performance[15] - The company reported a total profit for Q1 2021 of ¥72,715,869.80, an increase of 41.9% compared to ¥51,236,441.13 in Q1 2020[31] - The company achieved a gross profit margin of approximately 2.9% in Q1 2021, compared to 3.2% in Q1 2020[29] - The company’s total comprehensive income for Q1 2021 was ¥57,686,211.11, compared to ¥41,031,125.45 in Q1 2020, indicating a growth of 40.5%[31] Assets and Liabilities - Total assets increased by 13.04% to CNY 3,089,877,190.91 compared to the end of the previous year[5] - Total liabilities reached CNY 974,841,347.96, compared to CNY 690,671,750.68, indicating an increase of around 41.19%[21] - Current liabilities rose to CNY 789,456,221.87, up from CNY 670,382,711.09, reflecting a growth of approximately 17.71%[20] - Non-current assets totaled CNY 1,435,699,403.52, compared to CNY 1,142,640,589.54, marking an increase of about 25.66%[20] - Total current assets amounted to CNY 1,341,014,346.30, slightly down from CNY 1,350,575,786.41, a decrease of about 0.7%[23] - Total assets amounted to CNY 2,733,543,425.73, a decrease of CNY 164,781,385.88 compared to the previous period[46] - Total liabilities amount to approximately $452.37 million[51] - Total equity stands at approximately $1.79 billion[51] - The total assets and liabilities combined amount to approximately $2.24 billion[51] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 48,263,886.19, compared to a net outflow of CNY 23,799,552.92 in the previous year[5] - Cash inflow from operating activities in Q1 2021 was CNY 1,865,490,166.96, a significant increase from CNY 1,068,653,346.92 in Q1 2020, representing a growth of approximately 74.5%[36] - Net cash outflow from operating activities in Q1 2021 was CNY -48,263,886.19, compared to CNY -23,799,552.92 in Q1 2020, indicating a deterioration in cash flow performance[37] - Cash inflow from investment activities in Q1 2021 totaled CNY 260,251,898.13, down from CNY 297,802,521.31 in Q1 2020, reflecting a decrease of about 12.6%[37] - Cash inflow from financing activities in Q1 2021 was CNY 82,528,893.86, significantly higher than CNY 20,662,800.00 in Q1 2020, marking an increase of approximately 299.5%[37] - The ending balance of cash and cash equivalents as of Q1 2021 was CNY 349,592,319.89, up from CNY 244,426,227.24 in Q1 2020, representing an increase of about 42.9%[39] Shareholder Information - The number of shareholders reached 18,658 at the end of the reporting period[9] - The largest shareholder, Qingdao Zhongchuang United Investment Development Co., Ltd., holds 52.50% of the shares[9] - Shareholders' equity increased to CNY 2,115,035,842.95 from CNY 2,042,871,675.05, showing a growth of about 3.53%[21] Other Financial Metrics - Cash and cash equivalents decreased by 30.35% to ¥356,833,119.89 from ¥512,331,345.42, primarily due to land purchases and financial investments[11] - Accounts receivable increased by 211.11% to ¥2,780,400.00 from ¥893,700.00, attributed to the increase in commercial bill settlements[11] - The company reported an investment income of ¥9,542,827.84 in Q1 2021, up from ¥5,321,418.95 in Q1 2020, marking an increase of 79.5%[29] - Research and development expenses for Q1 2021 were ¥527,325.79, a decrease of 15.4% from ¥623,135.64 in Q1 2020[29] - The company recognized a cumulative adjustment of CNY 176,742,292.42 for right-of-use assets due to new leasing standards[46] - The company reported a capital reserve of approximately $920.98 million[51] - The undistributed profits are approximately $489.02 million[51] - The company has a special reserve of approximately $7.49 million[51] - The company has a surplus reserve of approximately $103.22 million[51] - The company reported a negative other comprehensive income of approximately $120,400[51] - The company has a paid-in capital of approximately $266.67 million[51]

Financial Performance - The company's operating revenue for 2020 was RMB 5,153,894,160.89, representing a 14.19% increase compared to RMB 4,513,418,181.63 in 2019[21] - The net profit attributable to shareholders of the listed company decreased by 11.18% to RMB 176,270,450.15 in 2020 from RMB 198,461,325.85 in 2019[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 147,012,692.60, down 12.03% from RMB 167,121,603.93 in the previous year[21] - The net cash flow from operating activities was RMB 184,385,052.81, a decrease of 13.91% compared to RMB 214,183,910.70 in 2019[21] - Basic earnings per share decreased by 18.52% to CNY 0.66 in 2020 compared to CNY 0.81 in 2019[22] - The weighted average return on equity fell to 9.13% in 2020, down 3.53 percentage points from 12.66% in 2019[22] - The company reported a net cash flow from operating activities of CNY 80,883,343.79 in Q4 2020, indicating improved cash generation[25] - The company achieved operating revenue of CNY 515,389.42 million, a year-on-year increase of 14.19%[52] - The net profit attributable to shareholders decreased by 11.18% to CNY 17,627.05 million[52] - Total assets increased by 7.46% to CNY 273,354.34 million, while net assets attributable to shareholders grew by 4.03% to CNY 197,767.97 million[52] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 3.75 per 10 shares, totaling RMB 100,000,012.50, based on a total share capital of 26,666,670 shares as of December 31, 2020[5] - The cash dividend for 2020 was set at RMB 3.75 per 10 shares, consistent with the previous year's distribution[113] - The company distributed cash dividends of RMB 100,000,012.50 to shareholders for the fiscal year 2020, maintaining a consistent dividend policy[110] Assets and Liabilities - As of the end of 2020, the total assets amounted to RMB 2,733,543,425.73, an increase of 7.46% from RMB 2,543,755,254.38 at the end of 2019[21] - The net assets attributable to shareholders of the listed company increased by 4.03% to RMB 1,977,679,674.46 from RMB 1,900,991,538.00 in 2019[21] - The company's current ratio was 2.37, and the quick ratio was 2.36, indicating a strong liquidity position[75] - Total liabilities were 690 million, a 16.64% increase, with accounts payable rising to 538 million, up 19.11% due to increased shipping costs[75][79] - Owner's equity grew by 4.68% to 2.04 billion, driven by increased operating profits[80] Operational Efficiency and Business Segments - The company has established a comprehensive logistics service system, integrating various logistics chain segments to enhance operational efficiency[33] - The company operates in five main business segments, including freight forwarding and coastal transportation, with a focus on customized logistics solutions[33] - The freight forwarding business generated 3.64 billion RMB in revenue, up 20.19% year-on-year, with a gross profit margin of 2.26%, down 0.35 percentage points[61] - The terminal business achieved revenue of 619.13 million RMB, an increase of 1% year-on-year, with a gross profit margin of 19.10%, down 3.58 percentage points[62] - The project logistics business generated revenue of 228.71 million RMB, an increase of 19.44% year-on-year, with a gross profit margin of 10.12%, up 0.57 percentage points[63] Market and Industry Trends - The total import and export volume for 2020 was CNY 32,155.7 billion, a year-on-year increase of 1.9%[37] - The export volume reached CNY 17,932.6 billion, growing by 4.0%, while the import volume was CNY 14,223.1 billion, decreasing by 0.7%[37] - The trade surplus for 2020 was CNY 3,709.6 billion, an increase of CNY 797.6 billion compared to the previous year[37] - The logistics industry in China experienced an average annual growth of 6.5% in total social logistics during the "13th Five-Year Plan" period[38] - The ratio of total logistics costs to GDP decreased from 16% in 2015 to 14.7% in 2020, indicating improved logistics efficiency[38] Strategic Initiatives and Investments - The company is investing in smart equipment and special transportation equipment to enhance its cold chain logistics, engineering logistics, and bulk cargo logistics markets[47][48] - The company is constructing a modern smart cold storage facility in Tianjin, expected to be operational by July 2021, and is in the design phase for a facility in Shanghai, projected to be completed by the end of 2021[48] - The company has launched a network freight platform, "Xingguo Zhiyun," and has purchased 120 container transport vehicles for platform operations[49] - The company is actively expanding its market presence and enhancing service capabilities through strategic partnerships and technological innovations[39] - The company is focusing on expanding its logistics capabilities through strategic partnerships and joint ventures to enhance its market influence[84] Risk Management - The company has detailed potential risks in the report, which investors should review carefully[7] - The company faces risks from intensified market competition as international logistics firms enter the Chinese market, potentially impacting operational performance[105] - Rising labor costs pose a risk to profitability, despite efforts to optimize service processes through information technology[105] - The company is actively managing foreign exchange risks through timely settlements and maintaining reasonable foreign currency balances[107] Governance and Compliance - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[4] - The company has no major litigation or arbitration matters during the reporting period[139] - The company has established a governance structure in compliance with relevant laws and regulations, ensuring effective internal control and information disclosure[189] - The board of directors consists of 9 members, including 3 independent directors, and has held 5 board meetings during the reporting period[190] Employee and Management - The total number of employees in the parent company and major subsidiaries is 1,377, with 233 in the parent company and 1,144 in subsidiaries[184] - The employee composition includes 241 sales personnel, 20 technical staff, 66 finance personnel, 964 operational staff, and 86 administrative staff[184] - The company implements a transparent employee compensation management system, linking employee income to departmental and individual performance assessments[185] - The total remuneration for Li Songqing during the reporting period is 1.33 million yuan[174] Future Outlook - The company provided guidance for 2021, projecting a revenue growth of 10% to 12%[180] - New product launches are expected to contribute an additional 200 million in revenue in 2021[181] - The management emphasized a focus on sustainability initiatives, aiming to reduce carbon emissions by 25% over the next five years[180] - The company is considering strategic acquisitions to enhance its supply chain capabilities, with a budget of 100 million allocated for potential deals[181]

Financial Performance - Net profit attributable to shareholders decreased by 8.28% to CNY 136,013,195.55 for the year-to-date period[5] - Operating revenue for the year-to-date period increased by 5.70% to CNY 3,519,966,005.16 compared to the same period last year[5] - Basic and diluted earnings per share decreased by 19.05% to CNY 0.51[7] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 8.95% to CNY 113,934,987.14[5] - The company anticipates potential fluctuations in net profit compared to the previous year, with ongoing monitoring of financial performance[14] - Net profit for the first three quarters of 2020 was ¥155,278,038.20, down 8.3% from ¥169,285,253.32 in the first three quarters of 2019[32] - Total profit for Q3 2020 was ¥73,615,303.58, a decline of 10.5% compared to ¥82,319,858.23 in Q3 2019[32] - Net profit for Q3 2020 was ¥56,228,669.53, a decrease of 11.5% from ¥63,153,546.56 in Q3 2019[32] Assets and Liabilities - Total assets increased by 1.85% to CNY 2,590,903,450.18 compared to the end of the previous year[5] - Total liabilities amounted to ¥587,924,025.72, down from ¥592,164,754.36, reflecting a decrease of about 0.4%[22] - Current liabilities decreased slightly to ¥564,485,348.42 from ¥576,842,077.75, a reduction of approximately 2.4%[22] - The company's total current assets amounted to RMB 1,493,374,072.23, a decrease from RMB 1,757,350,999.10 at the end of 2019, reflecting a decline of approximately 15.06%[19] - The company's trading financial assets decreased by 39.75% to RMB 473,620,352.75 from RMB 786,080,598.93 in the previous period, primarily due to a reduction in wealth management products[14] - Long-term equity investments increased by 48.65% to RMB 178,092,211.79 from RMB 119,805,195.17, attributed to investments in supply chain management companies[14] - Fixed assets rose by 35.10% to RMB 322,990,883.00 from RMB 239,079,602.49, as newly constructed vessels reached their intended use status[14] Cash Flow - Net cash flow from operating activities increased by 3.92% to CNY 103,501,709.02 for the year-to-date period[5] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 3,507,932,181.78, an increase of 6.96% compared to CNY 3,279,101,312.68 in the same period of 2019[39] - Net cash flow from operating activities in Q3 2020 was CNY 103,501,709.02, slightly up from CNY 99,602,232.37 in Q3 2019[40] - Total cash inflow from investment activities in Q3 2020 was CNY 2,152,663,592.10, significantly higher than CNY 708,403,549.63 in Q3 2019, marking an increase of 203.06%[40] - Net cash flow from investment activities in Q3 2020 was -CNY 175,137,512.14, an improvement compared to -CNY 793,900,436.97 in Q3 2019[40] - Cash and cash equivalents at the end of Q3 2020 totaled CNY 289,155,034.41, compared to CNY 242,571,755.83 at the end of Q3 2019[42] Shareholder Information - The total number of shareholders reached 20,946 at the end of the reporting period[11] - The largest shareholder, Qingdao Zhongchuang United Investment Development Co., Ltd., holds 52.50% of the shares, totaling 140,000,000 shares[11] - Shareholders' equity rose to ¥2,002,979,424.46 from ¥1,951,590,500.02, marking an increase of approximately 2.6%[22] Revenue Recognition and Accounting Standards - The company has executed a new revenue recognition standard, which has led to adjustments in the reporting of receivables and liabilities[16] - The company implemented new revenue recognition standards starting January 1, 2020, adjusting certain receivables to contract assets and prepayments to contract liabilities[49] - The company adopted new revenue recognition standards starting January 1, 2020, adjusting accounts receivable to contract assets and adjusting advance payments to contract liabilities[54] - The company is not applying retrospective adjustments to prior period comparative data under the new revenue and leasing standards[55]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 2,264,003,177.44, representing a 5.10% increase compared to CNY 2,154,181,640.58 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 6.16% to CNY 87,940,568.96 from CNY 93,715,969.58 year-on-year[18]. - The basic earnings per share for the first half of 2020 was CNY 0.33, down 21.43% from CNY 0.42 in the previous year[20]. - The weighted average return on net assets decreased by 3.03 percentage points to 4.56% compared to 7.59% in the same period last year[20]. - The net cash flow from operating activities increased by 7.21% to CNY 77,618,931.50 from CNY 72,399,736.00 year-on-year[18]. - The company's total profit for the first half of 2020 was CNY 123,982,761.14, a decrease of 4.9% from CNY 129,313,051.40 in the first half of 2019[121]. - The total comprehensive income for the first half of 2020 was CNY 99,049,368.67, compared to CNY 106,131,706.76 in the first half of 2019[122]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,531,474,791.93, a decrease of 0.48% from CNY 2,543,755,254.38 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company at the end of the reporting period were CNY 1,890,029,046.79, down 0.58% from CNY 1,900,991,538.00 at the end of the previous year[19]. - The company's cash and cash equivalents at the end of the period reached CNY 475,991,456.75, a significant increase of 121.93% compared to CNY 214,482,073.84 from the previous year[43]. - The company's accounts receivable decreased by 4.56% to CNY 558,346,926.60, indicating effective management of receivables[44]. - The total liabilities decreased to CNY 586,278,866.20 from CNY 592,164,754.36, a reduction of 1.5%[114]. - The total owner's equity at the end of the current period was approximately ¥1,945,195,926, showing a slight increase from the previous period[138]. Operational Efficiency - The company has developed an internal management and external operation system to enhance management efficiency while controlling costs[24]. - The company has implemented intelligent process systems to improve operational accuracy and efficiency during the pandemic[36]. - The company has launched a WeChat mini-program for online self-service logistics functions, enhancing customer experience[36]. - The company has developed a logistics business management platform for real-time data control and risk management across five business segments[31]. - The company has established a comprehensive logistics service system, integrating various logistics processes to meet customer needs[24]. Market and Industry Trends - The logistics market is showing signs of recovery, with the total logistics volume for the first half of 2020 at 123.4 trillion yuan, a year-on-year decrease of 0.5%, but the decline has been narrowing for four consecutive months[27]. - The express logistics market experienced a year-on-year growth of 12.0% in the first half of 2020, indicating a recovery trend[28]. - The logistics industry is expected to continue its recovery, with increasing market scale and improving logistics efficiency[28]. - The company faces risks from global economic fluctuations, which could impact logistics demand and overall business performance[57]. - The ongoing US-China trade tensions have resulted in a 6.6% year-on-year decline in trade value, potentially affecting the company's operations[58]. Investments and Developments - The company established a subsidiary, Zhongchuang Smart Cold Chain Co., Ltd., with a registered capital of 180 million yuan, focusing on cold chain logistics[35]. - The company is constructing a fully automated intelligent cold storage facility, expected to commence operations in January 2021[35]. - The company has invested in two 4,500-ton self-propelled deck barges, expected to be operational by January 2021[36]. - Long-term equity investments reached 170 million yuan, an increase of 57.93%, primarily due to investments in Shandong Rishun International Supply Chain Management Co., Ltd. and Ningbo Meishan Bonded Port Area Yuanda Supply Chain Management Co., Ltd.[45]. Shareholder and Governance - The total number of ordinary shareholders at the end of the reporting period is 22,671[98]. - The largest shareholder, Qingdao Zhongchuang Lianhe Investment Development Co., Ltd., holds 140,000,000 shares, accounting for 52.50% of the total shares[99]. - The company has committed to not transferring or managing its shares for 36 months post-IPO, with specific conditions for share trading thereafter[66]. - The company has not proposed any profit distribution or capital reserve increase plans for the half-year period[64]. - The company has implemented a comprehensive management policy for accounts receivable to mitigate risks associated with liquidity[61]. Risks and Challenges - Rising labor costs pose a risk to profitability, despite the company's efforts to enhance automation and service efficiency[59]. - The ongoing COVID-19 pandemic poses challenges to normal business operations, impacting the overall economic environment[61]. - The company faces risks related to exchange rate fluctuations due to its cross-border logistics and supply chain trade operations[61]. - The logistics industry is experiencing intensified competition due to the entry of international firms and increased domestic participation[58]. Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[120]. - The company aims to improve operational efficiency through the development of new products and services in the upcoming quarters[148]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[148].