长沙通程控股股份有限公司 2018 年第三季度报告正文 证券代码：000419 证券简称：通程控股 公告编号：2018-035 长沙通程控股股份有限公司 2018 年第三季度报告正文 1 长沙通程控股股份有限公司 2018 年第三季度报告正文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人周兆达、主管会计工作负责人李晞及会计机构负责人(会计主管 人员)魏豫曦声明：保证季度报告中财务报表的真实、准确、完整。 2 长沙通程控股股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 3 长沙通程控股股份有限公司 2018 年第三季度报告正文 | | | □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 5,081,949,504.01 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,937,724,465.74, a decrease of 1.50% compared to CNY 1,967,154,910.55 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 81,118,372.82, representing an increase of 1.18% from CNY 80,170,565.86 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 77,126,558.15, up 5.51% from CNY 73,101,459.08 in the previous year[19]. - The company's basic earnings per share for the period was CNY 0.1492, reflecting a 1.15% increase from CNY 0.1475 in the same period last year[19]. - The company achieved total revenue of CNY 2,026,027,954.72 and a net profit of CNY 81,118,372.82 during the reporting period[35]. - The total operating costs were CNY 1,901,324,498.21, slightly down from CNY 1,930,371,106.54, indicating a reduction of about 1.5%[125]. - The company reported a significant increase in cash flow from investment activities, amounting to ¥153,261,145.94, a 163.75% increase compared to the previous year[45]. - The total profit for the period was CNY 130,218,484.64, compared to CNY 115,503,910.32 in the previous year, indicating an increase of approximately 12.7%[125]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,951,715,899.61, down 4.92% from CNY 4,156,411,973.50 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 4.04% to CNY 2,090,003,811.49 from CNY 2,008,885,438.67 at the end of the previous year[19]. - Total current assets decreased from CNY 2,244,181,088.79 to CNY 2,070,301,260.94, a decline of approximately 7.74%[116]. - Total liabilities decreased from CNY 1,956,295,900.49 to CNY 1,655,938,364.73, a decline of approximately 15.36%[117]. - Total equity increased from CNY 2,200,116,073.01 to CNY 2,295,777,534.88, an increase of approximately 4.32%[118]. Cash Flow - The company reported a net cash flow from operating activities of CNY -141,096,838.08, compared to CNY -125,921,691.51 in the same period last year[19]. - The net cash flow from operating activities was -136,152,640.54 CNY, compared to -13,907,611.74 CNY in the previous period, indicating a decline in operational performance[137]. - Total cash inflow from operating activities was 2,116,312,265.22 CNY, down from 2,202,013,454.80 CNY year-on-year[136]. - Cash outflow from operating activities totaled 2,252,464,905.76 CNY, slightly increased from 2,215,921,066.54 CNY in the previous period[137]. - The net cash flow from investing activities was 108,648,979.00 CNY, a significant improvement from -252,620,773.48 CNY in the previous period[137]. Market and Competition - The retail industry in Hunan Province achieved a total retail sales of CNY 716.57 billion in the first half of 2018, growing by 10.3%, which is 0.9 percentage points higher than the national average[26]. - The company faces intensified competition and rising costs in the retail sector, with overall industry growth slowing down[26]. - The retail sector remains a key focus, with ongoing adjustments in product structure and operational models to maintain market share and competitive position[36]. Corporate Governance and Compliance - The company has not engaged in any related party transactions during the reporting period, ensuring transparency and fairness in its operations[73]. - The company has not experienced any penalties or rectification measures during the reporting period, suggesting compliance with regulatory requirements[71]. - There were no major litigation or arbitration matters during the reporting period, indicating a stable legal environment for the company[71]. Social Responsibility and Environmental Impact - The company has actively participated in various poverty alleviation efforts, focusing on employment, e-commerce, targeted assistance, and ecological protection[91]. - The company has increased its focus on corporate social responsibility, particularly in the area of poverty alleviation, to contribute to regional economic development[90]. - The company does not belong to the key pollutant discharge units as published by the environmental protection department[89]. Investment and Expansion - The company is actively expanding its market presence through new store openings and renovations, including the launch of new retail formats[36]. - The company has made a significant equity investment of CNY 5,000,000 in Hunan Tongcheng Commercial Trading Co., Ltd., acquiring a 10% stake[55]. - The company plans to increase the registered capital of its wholly-owned subsidiary, Tongcheng Commercial Factoring (Shenzhen) Co., Ltd., by RMB 50 million, raising the total registered capital to RMB 100 million[95]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 28,156[100]. - The largest shareholder, Changsha Tongcheng Industrial (Group) Co., Ltd., holds 44.33% of the shares, totaling 240,972,484 shares[100]. - The total number of shares after the recent changes is 543,582,655, with 99.95% being unrestricted shares[98]. 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[156]. - The company’s accounting period runs from January 1 to December 31 each year[157]. - The company uses Renminbi as its accounting currency[159].

[Important Notice](index=2&type=section&id=Section%201.%20Important%20Notice) The company's board, supervisors, and senior management, along with key financial officers, collectively affirm the truthfulness, accuracy, and completeness of this quarterly report and its financial statements - The company's Board of Directors, Board of Supervisors, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, ensuring no false records, misleading statements, or material omissions[4](index=4&type=chunk) - Zhou Zhaoda (Person in Charge), Li Xi (Head of Accounting), and Wei Yuxi (Head of Accounting Department) declare that the financial statements in this quarterly report are true, accurate, and complete[5](index=5&type=chunk) [Company Overview](index=3&type=section&id=Section%202.%20Company%20Overview) [Key Accounting Data and Financial Indicators](index=3&type=page&id=II.I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In Q1 2018, operating revenue slightly increased by **0.57%** to **RMB 1.03 billion**, and net profit attributable to shareholders grew by **33.15%** to **RMB 42.06 million**, primarily driven by a **37.75%** increase in non-recurring adjusted net profit; however, net cash flow from operating activities significantly decreased by **108.65%** to **negative RMB 303.11 million** Key Financial Indicators for Q1 2018 | Indicator | Current Reporting Period | Prior Year Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 1,029,535,357.86 | 1,023,669,973.85 | 0.57% | | Net Profit Attributable to Shareholders (RMB) | 42,064,217.10 | 31,592,327.86 | 33.15% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Gains/Losses) (RMB) | 39,077,495.33 | 28,367,624.46 | 37.75% | | Net Cash Flow from Operating Activities (RMB) | -303,108,833.26 | -145,273,101.66 | -108.65% | | Basic EPS (RMB/share) | 0.0774 | 0.0581 | 33.22% | | Diluted EPS (RMB/share) | 0.0774 | 0.0581 | 33.22% | | Weighted Average ROE | 2.14% | 1.61% | 0.53% | | **Indicator** | **End of Current Reporting Period** | **End of Prior Year** | **Change from Prior Year-End** | | Total Assets (RMB) | 4,093,398,045.19 | 4,156,411,973.50 | -1.52% | | Net Assets Attributable to Shareholders (RMB) | 2,050,949,655.77 | 2,008,885,438.67 | 2.09% | Details of Non-Recurring Gains and Losses for Q1 2018 | Item | Amount from Year-Beginning to End of Reporting Period (RMB) | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -40,551.47 | | Government Grants Recognized in Current Profit/Loss | 1,094,722.99 | | Gains/Losses from Entrusted Investment or Asset Management | 75,988.62 | | Gains/Losses from Entrusted Loans | 2,875,267.28 | | Other Non-Operating Income and Expenses | 36,959.35 | | Less: Income Tax Impact | 1,055,620.28 | | Less: Impact on Minority Interests (After Tax) | 44.72 | | **Total** | **2,986,721.77** | [Shareholder Information](index=4&type=page&id=II.II.%20Total%20Number%20of%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Holdings%20at%20Period-End) As of the end of Q1 2018, the company had **28,743** common shareholders, with Changsha Tongcheng Industrial (Group) Co., Ltd. as the largest shareholder holding **44.33%** of shares, of which **77 million shares** are pledged - At the end of the reporting period, the company had **28,743** common shareholders[12](index=12&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | Pledge or Freeze Status | | :--- | :--- | :--- | :--- | :--- | | Changsha Tongcheng Industrial (Group) Co., Ltd. | Domestic Non-State-Owned Legal Person | 44.33% | 240,972,484 | Pledged 77,000,000 | | Xiong Dehong | Domestic Natural Person | 1.72% | 9,344,512 | N/A | | Hunan Tianchen Construction Co., Ltd. | State-Owned Legal Person | 1.34% | 7,305,090 | N/A | | Li Zhihe | Domestic Natural Person | 1.19% | 6,493,645 | N/A | | Hunan Xingdian Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 1.08% | 5,887,499 | N/A | | Zhu Xiaomei | Domestic Natural Person | 1.04% | 5,652,367 | N/A | | Li Yiming | Domestic Natural Person | 0.94% | 5,095,384 | N/A | | Ding Bixia | Domestic Natural Person | 0.88% | 4,782,107 | N/A | | Tao Meiying | Domestic Natural Person | 0.80% | 4,363,078 | N/A | | Changsha Water Group Co., Ltd. | State-Owned Legal Person | 0.69% | 3,748,290 | N/A | [Significant Matters](index=6&type=section&id=Section%203.%20Significant%20Matters) [Changes and Reasons for Key Financial Data](index=6&type=page&id=III.I.%20Changes%20and%20Reasons%20for%20Key%20Financial%20Data%20and%20Indicators%20in%20the%20Reporting%20Period) During the reporting period, net cash flow from operating activities decreased by **RMB 158 million** (**-108.65%**) year-over-year, primarily due to a **RMB 181 million** increase in customer loans and advances within the comprehensive investment business; net cash flow from investing activities significantly increased by **RMB 334 million** year-over-year, mainly due to the recovery of **RMB 190 million** in entrusted loans and **RMB 20 million** in structured deposits from the prior year - Net cash flow from operating activities decreased by **108.65%** compared to the prior year period, primarily due to the rapid development of the company's comprehensive investment segment, leading to a **RMB 181 million** net increase in customer loans and advances compared to the prior year period[16](index=16&type=chunk) - Net cash flow from investing activities significantly increased compared to the prior year period, mainly due to the recovery of **RMB 190 million** in entrusted loans and **RMB 20 million** in matured structured deposits issued in the prior year, whereas **RMB 120 million** in entrusted loans were issued in the prior year period[16](index=16&type=chunk) [Investor Relations Activities](index=6&type=page&id=III.VII.%20Record%20of%20Research%2C%20Communication%2C%20Interview%2C%20and%20Other%20Activities%20During%20the%20Reporting%20Period) From February to March 2018, the company engaged in multiple phone communications with individual investors, discussing company operations, business expansion, progress of Changsha Bank's IPO (an investee company), 2017 annual performance, and market value management Q1 2018 Investor Relations Activity Log | Reception Date | Reception Method | Recipient Type | Summary of Research/Communication Content | | :--- | :--- | :--- | :--- | | February 26, 2018 | Phone Communication | Individual | Company's Operating Performance and Business Development | | March 01, 2018 | Phone Communication | Individual | Progress of Changsha Bank IPO (Company's Investee) | | March 02, 2018 | Phone Communication | Individual | Company's 2017 Operating Performance | | March 05, 2018 | Phone Communication | Individual | Controlling Shareholder's Progress on Deepening Reforms | | March 09, 2018 | Phone Communication | Individual | Company's Overall Operating Performance in 2017 | | March 16, 2018 | Phone Communication | Individual | Suggestions on Company's Market Value Management | [Other Significant Matters](index=6&type=page&id=III.%20Other%20Significant%20Matters) During the reporting period, the company had no significant matter progress, overdue unfulfilled commitments, major performance change warnings, securities or derivatives investments, illegal external guarantees, or non-operating fund occupation by the controlling shareholder requiring special disclosure - During the reporting period, the company had no significant matter progress, overdue unfulfilled commitments, performance warnings, securities investments, derivatives investments, illegal external guarantees, or controlling shareholder fund occupation[17](index=17&type=chunk)[18](index=18&type=chunk)[19](index=19&type=chunk)[22](index=22&type=chunk)[23](index=23&type=chunk)

Financial Performance - The company's operating revenue for 2017 was CNY 3,923,627,320, representing a 3.97% increase compared to CNY 3,773,952,789 in 2016[20] - The net profit attributable to shareholders for 2017 was CNY 127,931,331.72, a 25.12% increase from CNY 102,248,511.28 in 2016[20] - The net profit after deducting non-recurring gains and losses was CNY 103,312,738.95, which is a 34.96% increase from CNY 76,552,530.68 in 2016[20] - Basic earnings per share for 2017 were CNY 0.2353, up 25.09% from CNY 0.1881 in 2016[20] - The total operating revenue for 2017 was CNY 3,923,627,320, representing a year-on-year increase of 3.97% compared to CNY 3,773,952,789 in 2016[39] - The commercial retail segment accounted for 93.54% of total revenue, with a revenue of CNY 3,670,159,710, up 4.23% from the previous year[39] - The hotel and tourism segment generated CNY 252,623,880, which is a slight increase of 0.19% year-on-year[39] - The company achieved a total annual revenue of ¥404.48 million in 2017, with a net profit of ¥12.79 million, reflecting a year-on-year increase of 25.12% in net profit[34] - The total revenue of the units included in the internal control evaluation accounted for 100% of the company's consolidated revenue[170] Cash Flow and Investments - Cash flow from operating activities increased by 190.26% to CNY 257,879,133.50 from CNY 88,845,516.25 in 2016[20] - The net cash flow from operating activities was negative in Q1 and Q2, at approximately -¥145.27 million and -¥125.92 million, respectively, but turned positive in Q4 at ¥257.88 million[25] - The net cash flow from investment activities decreased significantly by 967.50% year-on-year, resulting in a net outflow of ¥229,688,767.19, attributed to an increase in entrusted loans and financial products[49] - The total financing cash inflow increased by 142.06% year-on-year, amounting to ¥513,164,851.67, indicating enhanced capital raising activities[48] - The total investment income was ¥35,067,373.21, accounting for 18.17% of total profit, primarily from entrusted loan interest and cash dividends from Changsha Bank[50] Assets and Liabilities - The total assets at the end of 2017 were CNY 4,156,411,973.50, a 4.50% increase from CNY 3,977,588,763.73 at the end of 2016[20] - The asset-liability ratio at the end of the reporting period was 47.07%, a decrease of 0.44 percentage points compared to the previous year[34] - Total liabilities increased to CNY 2,040,336,705.21, compared to CNY 1,939,348,123.80 at the beginning of the year, reflecting a growth of 5.23%[195] - The total current assets as of December 31, 2017, were ¥2,244,181,088.79, an increase from ¥1,969,489,297.37 at the beginning of the year[189] - The total non-current assets were ¥1,912,230,884.71, down from ¥2,008,099,466.36 at the beginning of the year[190] Strategic Focus and Business Model - The company is transitioning its business model, with the department store division shifting towards a more experiential and integrated shopping center format[34] - The hotel sector is actively expanding into the conference and group consumption markets, seeking personalized operational positioning[34] - The logistics and property divisions are evolving from management functions to market-oriented, professional operating entities[34] - The company is focusing on high-quality development as a key priority for 2018, aligning with national economic transformation trends[63] - The company plans to invest approximately 200-300 million yuan in store projects and comprehensive investment expansion[67] Management and Governance - The company has implemented changes in accounting policies effective from May 28, 2017, due to new accounting standards[21] - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparent and responsible operations[157] - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finances, ensuring autonomous operational capabilities[160] - The company’s board of directors and remuneration assessment committee are responsible for evaluating the performance of senior management[148] Social Responsibility and Community Engagement - The company actively participated in social responsibility initiatives, including disaster relief efforts during severe flooding in Hunan[110] - The company is committed to poverty alleviation through e-commerce initiatives, connecting rural areas with market opportunities[112] - The company invested 80.86 million in targeted poverty alleviation projects[114] - The company has established partnerships with over 20 vocational colleges to enhance employment opportunities[110] Shareholder and Equity Structure - The total number of outstanding shares remained stable at 543,582,655.00[192] - The largest shareholder, Changsha Tongcheng Industrial Group Co., Ltd., holds 44.33% of the shares, amounting to 240,972,484 shares[124] - The number of ordinary shareholders increased from 28,013 to 28,256 during the reporting period[124] - The company has not engaged in any mergers or acquisitions during the reporting period[129] Audit and Compliance - The audit opinion issued was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position[177] - The internal control audit report was disclosed on April 14, 2018, and is available on the official information disclosure website[173] - There were no significant discrepancies between the company's governance practices and the regulatory requirements set by the China Securities Regulatory Commission[159]

长沙通程控股股份有限公司 2017 年第三季度报告全文 长沙通程控股股份有限公司 2017 年第三季度报告 2017 年 10 月 1 长沙通程控股股份有限公司 2017 年第三季度报告全文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人周兆达、主管会计工作负责人李晞及会计机构负责人(会计主管 人员)魏豫曦声明：保证季度报告中财务报表的真实、准确、完整。 2 长沙通程控股股份有限公司 2017 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 4,007,475,472.85 | 3,977,588,763.73 | | 0.75% | | 归属于上市公司股东的净资产 | 1,975,440,039 ...

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 1,967,154,910.55, representing a 4.36% increase compared to CNY 1,884,963,220.42 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 80,170,565.86, up 7.15% from CNY 74,818,278.24 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 73,101,459.08, an increase of 14.43% from CNY 63,882,026.42 in the previous year[18]. - The basic earnings per share for the reporting period was CNY 0.1475, reflecting a 7.19% increase from CNY 0.1376 in the same period last year[18]. - The company achieved operating revenue of CNY 1,967,154,910.55, representing a year-on-year growth of 4.36%[32]. - The net profit attributable to shareholders was CNY 80,170,600, reflecting a year-on-year increase of 7.15%[32]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 4,111,360,479.11, a 3.36% increase from CNY 3,977,588,763.73 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were CNY 2,026,354,591.41, up 4.12% from CNY 1,946,184,025.55 at the end of the previous year[18]. - The company's total liabilities were RMB 1,904,657,924.33, slightly up from RMB 1,889,909,218.95, showing a marginal increase of about 0.14%[102]. - The company's current assets totaled RMB 2,040,855,137.94, compared to RMB 1,969,489,297.37 at the beginning of the period, indicating an increase of about 3.63%[101]. - The total non-current assets rose to ¥1,961,430,870.40, compared to ¥1,829,893,134.06, reflecting an increase of about 7.2%[106]. Cash Flow - The company reported a net cash flow from operating activities of CNY -125,921,691.51, compared to CNY -70,602,602.71 in the same period last year[18]. - Cash and cash equivalents decreased by CNY 99,010,090.17 during the reporting period[37]. - The company’s cash and cash equivalents decreased to ¥887,599,455.48 from ¥1,037,777,578.23, a decline of about 14.4%[105]. - The net cash flow from investment activities was -252,620,773.48 CNY, compared to -138,632,452.89 CNY in the previous period, indicating a significant increase in cash outflow[121]. - Financing activities generated a net cash inflow of ¥267,311,114.14, an increase from ¥44,523,951.36 in the previous period[118]. Investment Activities - Investment activities resulted in a significant cash outflow of CNY 240,399,512.80, primarily due to increased investments in Changsha Bank and loans to Zhuzhou Huachen[37]. - The company made a significant equity investment of CNY 108,475,228.21 in Changsha Bank, acquiring a 4.04% stake[48]. - The company provided a loan of RMB 120 million to Zhuzhou Huachen Real Estate Development Co., Ltd. during the reporting period[78]. - The company plans to participate in the capital increase of Changsha Bank Co., Ltd. using its own funds[78]. Operational Performance - The company’s main business areas include commercial retail, comprehensive investment, and tourism hotel industries, with no significant changes in operational models or performance drivers during the reporting period[26]. - The commercial sector focused on optimizing store structure and adjusting operational positioning, which laid the foundation for new business breakthroughs[32]. - The hotel sector implemented precise positioning based on customer demographics, enhancing operational quality and exploring new hotel products[33]. - The logistics company adopted a "unified warehousing and distribution" model, aiming to improve operational efficiency and reduce costs[34]. Shareholder Information - The total number of shares after the recent changes is 543,582,655, with 99.95% being unrestricted shares[83]. - The total number of ordinary shareholders at the end of the reporting period was 30,136[85]. - Changsha Tongcheng Industrial (Group) Co., Ltd. holds 44.33% of the shares and has pledged 77 million shares[85]. - The company’s major shareholders include natural persons and state-owned entities, with no significant changes reported during the period[85]. Challenges and Outlook - The company faces challenges such as macroeconomic slowdown and rising operational costs, impacting its industry[55]. - The half-year report has not been audited[61]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[146]. Accounting Policies - The company adheres to the accounting standards, ensuring that its financial statements accurately reflect its financial position and operating results[148]. - The company’s financial reports are prepared based on the continuous operation assumption, indicating a stable operational outlook[145]. - The accounting treatment for business combinations under common control involves measuring the acquired assets and liabilities at their book value in the consolidated financial statements of the ultimate controlling party[152]. - For business combinations not under common control, goodwill is recognized when the purchase cost exceeds the fair value of identifiable net assets acquired; if the cost is lower, the difference is recognized in current profit or loss[152].

长沙通程控股股份有限公司 2017 年第一季度报告正文 证券代码：000419 证券简称：通程控股 公告编号：2017-013 长沙通程控股股份有限公司 2017 年第一季度报告正文 1 长沙通程控股股份有限公司 2017 年第一季度报告正文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人周兆达、主管会计工作负责人李晞及会计机构负责人(会计主管 人员)魏豫曦声明：保证季度报告中财务报表的真实、准确、完整。 2 长沙通程控股股份有限公司 2017 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | 营业收入（元） | 1,023,669,973.85 | 1,001,891,254.45 | | ...

Financial Performance - The company's operating revenue for 2016 was CNY 3,773,952,789.05, a decrease of 9.38% compared to CNY 4,164,706,228.27 in 2015[18]. - The net profit attributable to shareholders for 2016 was CNY 102,248,511.28, a slight decrease of 0.16% from CNY 102,410,735.00 in 2015[18]. - The net profit after deducting non-recurring gains and losses was CNY 76,552,530.68, down 3.21% from CNY 79,092,947.30 in 2015[18]. - The net cash flow from operating activities was CNY 88,845,516.25, a significant decline of 41.62% compared to CNY 152,180,393.73 in 2015[18]. - The basic earnings per share for 2016 were CNY 0.1881, a decrease of 0.16% from CNY 0.1884 in 2015[18]. - The weighted average return on equity was 5.40% in 2016, down from 5.57% in 2015[18]. - The total operating revenue for the year 2016 was approximately CNY 3.77 billion, a decrease of 9.38% compared to CNY 4.16 billion in 2015[41]. - The commercial retail segment generated CNY 3.52 billion, accounting for 93.37% of total revenue, with a year-on-year decline of 9.94%[41]. - The hotel and tourism segment reported revenue of CNY 249.70 million, representing 6.62% of total revenue, with a slight decrease of 1.05% from the previous year[41]. - The gross profit margin for the commercial retail segment improved to 15.57%, despite a 9.92% decline in revenue[43]. - The hotel and tourism segment had a gross profit margin of 82.16%, with a 1.05% decrease in revenue but a 2.00% increase in costs[43]. Assets and Liabilities - The total assets at the end of 2016 were CNY 3,977,588,763.73, an increase of 3.50% from CNY 3,842,992,321.70 at the end of 2015[18]. - The net assets attributable to shareholders increased by 5.55% to CNY 1,946,184,025.55 at the end of 2016 from CNY 1,843,935,514.27 at the end of 2015[18]. - The company's total assets increased by 3.5% year-on-year, reaching 3,977.59 million CNY, while the debt-to-asset ratio decreased by 1.19 percentage points to 47.51%[33]. - Total liabilities as of December 31, 2016, were CNY 1,889,909,218.95, slightly up from CNY 1,871,693,884.04, marking an increase of approximately 0.97%[182]. - Total equity attributable to shareholders increased to CNY 1,946,184,025.55 from CNY 1,843,935,514.27, reflecting a growth of about 5.58%[182]. Investments and Strategic Initiatives - The company made a strategic investment in equity assets, increasing available-for-sale financial assets by 48 million CNY, acquiring a 16% stake in Changyin 58 Consumer Finance Company[28]. - The company has established a diversified investment platform, incorporating commercial factoring and consignment services, enhancing its financial service offerings[34]. - The company reported a significant increase in non-operating income from the collection of funds, amounting to 240.53 million CNY, compared to 123.27 million CNY in 2015[24]. - The company aims to achieve a revenue target of 1 billion yuan in the comprehensive investment sector while ensuring steady growth in overall performance[80]. - The company plans to invest 500 million yuan in 2017 for store construction, renovations, and expansion in the comprehensive investment field[81]. Operational Efficiency and Challenges - The company faces challenges from macroeconomic conditions, market competition, and industry transformation pressures[4]. - The company has focused on improving operational efficiency and risk management, leading to better liquidity in accounts receivable and inventory[33]. - The company closed three underperforming stores to eliminate risks and improve operational efficiency[37]. - The company aims to avoid homogenized competition by focusing on personalized service and brand development[38]. - The company is transitioning from a service guarantee model to an operational service model in its property division, enhancing internal control and operational standards[81]. Shareholder Engagement and Governance - The company has received a total of 15 inquiries and communications during the reporting period, indicating active engagement with investors[83]. - The company has established a comprehensive profit distribution policy, ensuring clarity and compliance with regulations[87]. - The company has committed to avoiding any competition with its existing or future main business during the period of being a controlling shareholder[92]. - The company has maintained compliance with all commitments made to minority shareholders, with no violations reported as of the end of the reporting period[93]. - The company’s governance structure is designed to promote transparency and accountability, aligning with regulatory standards[155]. Employee and Management Structure - The company employed a total of 4,175 staff, with 1,839 in production, 948 in sales, 782 in technical roles, 322 in finance, and 284 in administration[148]. - The total remuneration paid to directors, supervisors, and senior management in 2016 amounted to CNY 2.97 million[144]. - The company has a diverse management team with significant experience in various sectors, including retail and hospitality[138]. - The company is led by a team of professionals with backgrounds in economics, management, and finance, ensuring strategic oversight[137]. - The company has maintained its operational structure without any significant changes in its management team during the reporting period[137]. Social Responsibility and Community Engagement - The company engaged in social responsibility activities, including a poverty alleviation event on October 17, and was recognized with multiple awards for its contributions to the community[119]. - The company continues to focus on community engagement and volunteer activities, promoting social values among employees[119]. - The company was awarded the title of "Hunan Province E-commerce Demonstration Enterprise" and "Hunan Listed Company Excellence Brand Award" during the reporting period[119]. Future Outlook and Goals - The company aims for a 10% increase in sales revenue and a 5% increase in net profit for the upcoming year[74]. - The company plans to enhance its professional system and achieve zero major accident rates in safety, integrity, and compliance[74]. - The company will focus on internal adjustments and external expansions to ensure steady growth in existing services[73]. - The company emphasizes the importance of a proactive corporate culture to support its transformation efforts[74]. - The company plans to enhance its training programs in 2017, focusing on strategic alignment and operational efficiency[151].

[Important Notice](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's board, supervisory board, and senior management collectively assure the report's truthfulness, accuracy, and completeness, assuming full legal responsibility - The company's board of directors, supervisory board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this report's content, free from false records, misleading statements, or major omissions, and assume corresponding legal responsibilities[4](index=4&type=chunk) - The company's responsible person, head of accounting work, and head of accounting department ensure the truthfulness, accuracy, and completeness of the financial statements[5](index=5&type=chunk) [Key Financial Data and Shareholder Changes](index=3&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E5%8F%8A%E8%82%A1%E4%B8%9C%E5%8F%98%E5%8C%96) This section details the company's key financial performance and shareholder structure changes at period-end [Key Accounting Data and Financial Indicators](index=3&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company's Q3 2016 financial indicators show decreased total assets and year-to-date revenue, with improved non-recurring net profit Key Financial Indicators for Q3 2016 | Indicator | Year-to-Date (2016-01-01 to 2016-09-30) | Year-on-Year Change | | :--- | :--- | :--- | | Revenue (CNY) | 2,726,215,461.22 | -13.22% | | Net Profit Attributable to Shareholders (CNY) | 83,090,042.39 | -12.77% | | Net Profit Attributable to Shareholders After Non-Recurring Items (CNY) | 67,465,245.92 | -5.69% | | Net Cash Flow from Operating Activities (CNY) | -129,228,014.40 | Not Applicable | | Basic Earnings Per Share (CNY/share) | 0.1529 | -12.73% | | Weighted Average Return on Net Assets | 4.41% | -0.58% | | Total Assets (CNY) | 3,722,436,918.94 | -3.14% (vs. prior year-end) | | Net Assets Attributable to Shareholders (CNY) | 1,927,025,556.66 | 4.51% (vs. prior year-end) | Non-Recurring Gains and Losses Year-to-Date | Item | Amount (CNY) | | :--- | :--- | | Gains/losses from entrusted loans | 19,062,930.12 | | Government grants | 1,032,235.12 | | Other non-operating income and expenses | 1,235,075.88 | | Gains/losses from disposal of non-current assets | -359,307.94 | | **Total** | **15,624,796.47** | [Total Shareholders and Top Ten Shareholders' Shareholding at Period-End](index=4&type=section&id=%E4%BA%8C%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) At period-end, the company had 34,636 common shareholders, with the largest shareholder holding 44.33% of shares, partially pledged - At the end of the reporting period, the company had a total of **34,636** common shareholders[12](index=12&type=chunk) Shareholding of Top Five Shareholders | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares | | :--- | :--- | :--- | :--- | | Changsha Tongcheng Industrial (Group) Co., Ltd. | Domestic Non-State-Owned Legal Person | 44.33% | 240,972,484 | | Hunan Tianchen Construction Co., Ltd. | State-Owned Legal Person | 1.34% | 7,305,090 | | Hunan Xingdian Construction Industrial Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 1.08% | 5,887,499 | | Li Yiming | Domestic Natural Person | 0.93% | 5,077,284 | | Li Zhihe | Domestic Natural Person | 0.87% | 4,707,585 | - The largest shareholder, Changsha Tongcheng Industrial (Group) Co., Ltd., pledged **77,000,000** of its shares[12](index=12&type=chunk) [Significant Matters](index=6&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section outlines the company's commitment fulfillment, performance forecasts, investor relations activities, and other significant disclosures [Commitments Fulfilled and Unfulfilled by Company, Shareholders, Actual Controller, Acquirer, Directors, Supervisors, Senior Management or Other Related Parties](index=6&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%88%96%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%B0%9A%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) The company and its controlling shareholder continued fulfilling commitments on competition, related-party transactions, and shareholder returns - Controlling shareholder Changsha Tongcheng Industrial Group Co., Ltd. committed to avoiding horizontal competition and regulating related-party transactions, with these long-term commitments currently being fulfilled[16](index=16&type=chunk) - The company committed to cumulatively distributing no less than **30%** of the average annual distributable profit in cash for 2015-2017, a commitment currently being fulfilled[16](index=16&type=chunk) [Forecast of 2016 Annual Operating Performance](index=7&type=section&id=%E5%9B%9B%E3%80%81%E5%AF%B9%202016%20%E5%B9%B4%E5%BA%A6%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E7%9A%84%E9%A2%84%E8%AE%A1) The company did not provide a forecast for its 2016 annual operating performance or issue any related warnings - The company did not provide an estimate for its 2016 annual operating performance[18](index=18&type=chunk) [Record of Investor Relations Activities During the Reporting Period](index=7&type=section&id=%E4%B8%83%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%8E%A5%E5%BE%85%E8%B0%83%E7%A0%94%E3%80%81%E6%B2%9F%E9%80%9A%E3%80%81%E9%87%87%E8%AE%BF%E7%AD%89%E6%B4%BB%E5%8A%A8%E7%99%BB%E8%AE%B0%E8%A1%A8) In Q3 2016, the company conducted four investor relations activities, including on-site visits and phone calls, discussing operations and new projects Investor Relations Activities in Q3 2016 | Reception Time | Reception Method | Type of Reception Object | Research Content | | :--- | :--- | :--- | :--- | | July 08, 2016 | On-site Research | Institution | Company's operating situation and progress of new project investments | | July 20, 2016 | Phone Communication | Individual | Company's main business operating situation | | August 12, 2016 | Phone Communication | Individual | Company's specific operating situation | | September 30, 2016 | Phone Communication | Individual | Company's Q3 operating situation | [Other Significant Matters](index=6&type=section&id=%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) The company reported no significant accounting changes, material undisclosed progress, or irregular financial activities during the period - During the reporting period, the company had no securities investments, derivative investments, irregular external guarantees, or non-operating funds occupied by the controlling shareholder[18](index=18&type=chunk)[19](index=19&type=chunk)[21](index=21&type=chunk)[22](index=22&type=chunk)

Financial Performance - The company reported a revenue of CNY 1,884,963,220.42 for the first half of 2016, a decrease of 13.44% compared to the same period last year[21]. - The net profit attributable to shareholders was CNY 74,818,278.24, down 9.72% year-on-year[21]. - The basic earnings per share decreased to CNY 0.1376, a drop of 9.77% compared to the previous year[21]. - Total revenue for the reporting period was ¥1,884,963,220.42, a decrease of 13.44% compared to the previous year[34]. - The commercial retail segment generated revenue of ¥1,763,788,921.51, down 13.96% year-on-year[38]. - The hotel tourism segment's revenue was ¥120,952,075.41, with a gross margin of 81.56%[38]. - The hotel subsidiary reported a revenue of 440.74 million CNY, a significant decrease of 200.72 million CNY compared to the previous period, resulting in a loss of 10.20 million CNY[51]. - The pawnshop subsidiary generated revenue of 461.87 million CNY, with a net profit of 49.34 million CNY, reflecting a positive performance in the pawn industry[51]. - Total operating revenue for the first half of 2016 was CNY 1,934,081,456.02, a decrease of 12.4% compared to CNY 2,210,398,098.35 in the same period of 2015[115]. - Net profit for the first half of 2016 was CNY 83,186,167.74, down 3.8% from CNY 86,829,313.30 in the previous year[116]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -70,602,602.71, indicating a decline in cash generation[21]. - The company reported a net cash flow from operating activities of -¥70,602,602.71, worsening from -¥27,806,999.11 in the previous year[35]. - Cash inflow from operating activities was CNY 2,261,074,519.63, down from CNY 2,568,113,522.41, representing a decrease of approximately 11.9%[121]. - Cash outflow from operating activities totaled CNY 2,331,677,122.34, compared to CNY 2,595,920,521.52, indicating a decrease of about 10.2%[122]. - The ending balance of cash and cash equivalents was CNY 688,087,004.35, down from CNY 759,060,608.25, reflecting a decrease of about 9.4%[125]. - The company reported a net cash decrease of CNY -144,021,890.40, worsening from CNY -45,498,398.56 in the previous period[126]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,677,711,156.14, down 4.30% from the end of the previous year[21]. - Current assets decreased to CNY 1,784,694,916.50 from CNY 2,033,238,240.44, reflecting a decline of approximately 12.2%[106]. - Total liabilities decreased to CNY 1,623,226,550.74 from CNY 1,871,693,884.04, representing a decline of approximately 13.2%[107]. - The company's equity increased to CNY 2,054,484,605.40 from CNY 1,971,298,437.66, showing an increase of about 4.2%[108]. - The total liabilities and equity at the end of the reporting period stand at CNY 2,054,484,605.40, consistent with the previous period's total[131]. Investment and Development - The company is actively seeking project resources and investment opportunities to ensure stable development[29]. - The company plans to continue the preparation for the new "Wankun Map" commercial shopping center project[30]. - The total investment for the "Aishang Tongcheng E-commerce Logistics Park" project is planned at 323.08 million CNY, with 106.98 million CNY invested during the reporting period and a cumulative investment of 145.48 million CNY, indicating an 80% project completion rate[53]. - The company has established a commercial factoring company and a consignment company to enhance its comprehensive investment capabilities[31]. - The company plans to participate in the establishment of Changyin 58 Consumer Finance Co., Ltd. with an investment of RMB 48 million, accounting for 16% of its registered capital[86]. Compliance and Governance - There were no major litigation or arbitration matters during the reporting period, indicating stable legal standing[60]. - The company has not engaged in any asset acquisitions or sales during the reporting period, maintaining its current asset structure[62]. - The company has maintained compliance with relevant laws and regulations, ensuring no insider trading or information leakage occurred[82]. - The company has not reported any new capital contributions from shareholders during the current period, with a total decrease of CNY 21,000,000.00 in common stock contributions[132]. - The company has not experienced any non-operating fund occupation by major shareholders during the reporting period, indicating financial integrity[71]. Operational Strategy - The company focused on operational model innovation and product structure optimization to adapt to market changes[30]. - The retail division adjusted its market positioning and improved store management to enhance operational quality[30]. - The hotel segment focuses on optimizing operational models and service modes, preparing for future business integration and expansion[31]. - The company's pawn business has innovated its marketing model, accelerating online and offline integration, leading to rapid growth in consumer goods and supply loan businesses[31]. - The company plans to focus on market expansion and new product development to drive future growth[115]. Accounting and Financial Reporting - The half-year financial report for 2016 was not audited, which may affect the reliability of the reported figures[83]. - The financial statements are prepared in accordance with the enterprise accounting standards, ensuring transparency and accuracy in reporting[150]. - The company has maintained its accounting policies without any significant changes affecting the financial statements[131]. - The company recognizes revenue from the sale of goods when the major risks and rewards of ownership have transferred to the buyer, and the amount of revenue can be reliably measured[192]. - Deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which the deductible temporary differences can be utilized[197].