证券代码：001202 证券简称：炬申股份 公告编号：2023-026 广东炬申物流股份有限公司 关于举办2022年度业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 欢迎广大投资者积极参与！ 特此公告。 广东炬申物流股份有限公司董事会 2023 年 4 月 25 日 重要内容提示： 广东炬申物流股份有限公司（以下简称"公司"）已于 2023 年 4 月 20 日在 巨潮资讯网（http://www.cninfo.com.cn）上披露了《2022 年年度报告》及《2022 年年度报告摘要》。为便于广大投资者更加全面深入的了解公司经营业绩、发展 战略等情况，公司定于 2023 年 5 月 5 日（星期五）15:00-17:00 通过网络互动 方式在"价值在线"（www.ir-online.cn）举办 2022 年度业绩说明会。投资者 可访问网址 https://eseb.cn/145n42t2Sty 或使用微信扫描公告下方小程序码 参与本次业绩说明会。 出席本次业绩说明会的嘉宾有：董事长兼总经理雷琦先生、独立董事李萍女 士、财务负责人关欣欣女士、 ...

Dividend Distribution - The company plans to distribute a cash dividend of 1.55 RMB per 10 shares to all shareholders, based on a total of 128,800,000 shares[6]. - For 2022, the company plans to distribute a cash dividend of 1.55 CNY per 10 shares, amounting to 19,964,000 CNY (including tax), with the same total share capital of 128,800,000 shares[159]. - The cash dividend for 2021 represented 100% of the total profit distribution amount, with no shares issued or capital reserves converted into shares[157]. - The company has maintained a consistent cash dividend policy without adjustments or changes during the reporting period[157]. - The total cash dividends distributed to all shareholders for the 2021 fiscal year amounted to 77,280,000 RMB (including tax)[170]. Financial Performance - The company's operating revenue for 2022 was CNY 1,084,814,668.96, representing a 45.27% increase compared to CNY 746,780,060.90 in 2021[18]. - The net profit attributable to shareholders for 2022 was CNY 39,426,643.01, a decrease of 15.43% from CNY 46,619,024.92 in 2021[18]. - The net cash flow from operating activities improved significantly to CNY 151,292,505.49, compared to a negative CNY 5,946,917.62 in 2021, marking a 2,644.05% increase[18]. - The company's total assets increased by 22.75% to CNY 1,261,312,918.76 at the end of 2022, up from CNY 1,027,522,684.87 at the end of 2021[18]. - The weighted average return on equity decreased to 5.57% in 2022 from 8.25% in 2021, reflecting a decline of 2.68%[18]. - The basic earnings per share for 2022 were CNY 0.31, down 20.51% from CNY 0.39 in 2021[18]. Risk Management - The company reported no significant risk events during the reporting period, ensuring a stable operational environment[5]. - The management team highlighted the importance of understanding the uncertainties associated with future plans and performance forecasts due to macroeconomic and market conditions[5]. - The company emphasizes the need for investors to recognize the risks associated with investment decisions, particularly in light of potential market fluctuations[5]. - The company has a comprehensive risk management strategy in place, as detailed in the annual report[5]. - The company faces risks from high customer concentration in the electrolytic aluminum industry, which could negatively impact performance if major clients encounter difficulties[100]. Logistics and Operations - The company continues to focus on expanding its logistics capabilities and enhancing service offerings to meet market demands[5]. - The company is focusing on multi-modal transport services, particularly in regions with high aluminum consumption, such as Xinjiang and Guangxi[29]. - The company plans to enhance its logistics services by integrating logistics and warehousing capabilities, particularly in southern and eastern China[30]. - The company aims to leverage strategic planning and regional development to improve its comprehensive capabilities in logistics services in 2023[28]. - The logistics network has been optimized to include long-distance and short-distance specialized lines, enhancing the company's logistics network advantages[39]. Subsidiaries and Expansion - The company has established multiple subsidiaries across various regions, including Guangxi and Xinjiang, to enhance its comprehensive warehousing services, further solidifying its core warehouse position in the non-ferrous metal sector[32]. - The company has established two new subsidiaries during the reporting period, which had no significant impact on overall operations[93]. - The company is expanding its service offerings to include other non-ferrous metals such as copper, lead, and zinc, capitalizing on its regional advantages in Guangdong, a major processing and consumption area for these metals[38]. - The company has invested in logistics parks strategically located near major transportation hubs to facilitate rapid development of its warehousing services[40]. Technology and Innovation - The company is investing 50 million RMB in new technology development to enhance operational efficiency and customer service[136]. - The company plans to enhance the "Jushen Supply Chain Management Cloud Platform" to improve multi-modal transport management and real-time information sharing[69]. - The company aims to improve its supply chain management through advanced analytics, which is projected to reduce costs by 8%[136]. - The company plans to increase R&D investment to improve logistics technology and establish an integrated, intelligent logistics information platform[97]. Governance and Compliance - The company has established a governance structure compliant with relevant laws and regulations, continuously optimizing its internal control systems to enhance operational management[98]. - The company has held seven shareholder meetings during the reporting period, ensuring compliance with regulations and protecting shareholder rights[108]. - The company has established a complete financial accounting system and independent financial decision-making capability, with no interference from the controlling shareholder in financial activities[122]. - The company maintains clear and complete asset ownership, with no illegal occupation or control of funds or assets by the controlling shareholder[119]. Market Outlook and Strategy - The company anticipates 2023 to be a year of opportunities and challenges, focusing on customer needs and market development[95]. - The company is actively seeking opportunities for mergers and acquisitions to enhance its market position[126]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[136]. - The company aims to leverage technology advancements to improve logistics and supply chain management[126]. Employee and Management - The total remuneration for directors, supervisors, and senior management in 2022 amounted to 4.3787 million yuan[140]. - The company has established a competitive market-oriented salary system to attract and retain talent, which includes basic salary, performance pay, position allowances, and seniority pay[153]. - The total number of employees at the end of the reporting period was 519, with 774 employees receiving salaries during the period[151]. - The company emphasizes employee training, covering various professional skills and management capabilities to enhance overall employee quality[154]. Social Responsibility - The company donated over 1 million RMB in total for social welfare activities during the reporting period[172]. - The company contributed over 130,000 RMB to support rural development and cultural construction, including a donation of 100,000 RMB for rural revitalization funds[173]. - The company donated 10,000 yuan to the Red Cross Society in Guizhou Province to support local livelihood projects[174].

Financial Performance - The company's operating revenue for Q3 2022 was ¥247,342,184.54, representing a 21.89% increase year-over-year, and a total revenue of ¥813,380,506.07 for the year-to-date, up 60.39% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was ¥6,550,509.66, a decrease of 49.09% year-over-year, with a year-to-date net profit of ¥29,730,232.60, down 23.96%[5] - The basic earnings per share for Q3 2022 was ¥0.05, down 61.54% year-over-year, and the diluted earnings per share was also ¥0.05, reflecting the same percentage decrease[5] - Operating profit for the period was CNY 42,490,797.38, a decrease of 22.1% from CNY 54,545,410.89 in the previous year[20] - Net profit for the period totaled CNY 40,997,193.56, down 23.4% compared to CNY 53,499,752.90 in the same quarter last year[20] - The net profit for Q3 2022 was CNY 29,730,232.60, a decrease of 24% compared to CNY 39,099,329.31 in the same period last year[21] - Basic and diluted earnings per share for Q3 2022 were CNY 0.23, down from CNY 0.34 in the same period last year[21] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥1,147,327,761.11, an increase of 11.66% from the end of the previous year[5] - As of September 30, 2022, total assets were CNY 1,147,327,761.11, an increase from CNY 1,027,522,684.87 at the beginning of the year[18] - Total liabilities increased to CNY 461,735,440.82 from CNY 295,020,864.92, reflecting a rise of 56.5%[18] - Current assets totaled CNY 474,631,481.24, down 10% from CNY 526,374,561.43 at the start of the year[17] - The company’s fixed assets increased to CNY 80,324,064.40 from CNY 68,426,956.96, reflecting a growth of 17.5%[17] Cash Flow - The company reported a significant increase in cash flow from operating activities, with a year-to-date net cash flow of ¥58,658,692.61, up 360.11%[5] - Operating cash flow for Q3 2022 was CNY 58,658,692.61, a significant improvement from a net cash outflow of CNY 22,551,113.64 in Q3 2021[23] - Total cash inflow from financing activities was CNY 227,640,852.02, a decrease from CNY 536,721,421.51 in Q3 2021[24] - The total cash outflow from operating activities was CNY 904,952,056.89, compared to CNY 534,522,107.64 in the previous year[23] - Cash and cash equivalents decreased to CNY 267,162,390.87 from CNY 323,276,959.30, a decline of 17.4%[17] - Cash and cash equivalents at the end of Q3 2022 were CNY 250,896,316.77, down from CNY 310,254,450.63 at the end of Q3 2021[24] Operating Costs and Expenses - The company experienced a 74.76% increase in operating costs, totaling ¥737,939,035.47, primarily due to rising fuel and outsourcing costs influenced by the pandemic[9] - Total operating costs amounted to CNY 770,591,304.55, up 69.5% from CNY 454,648,862.20 year-on-year[20] - Research and development expenses for Q3 2022 were ¥1,789,171.34, an increase of 41.22% compared to the previous year, indicating a focus on innovation[10] Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,272[12] - The largest shareholder, Lei Qi, holds 39.71% of shares, totaling 51,145,800 shares[12] - The top ten shareholders include several investment firms, with the largest being Shanghai Jushen Asset Management Co., Ltd.[12] - The company has no known financing or securities business involvement among its top ten shareholders[13] Corporate Actions and Plans - The company approved a guarantee for its wholly-owned subsidiary, Guangdong Jushen Warehousing Co., Ltd., for a bank loan of up to RMB 68 million[15] - The company plans to establish a wholly-owned subsidiary in Nanchang, Jiangxi Province, which has completed registration[15] - The company is applying for delivery warehouse qualifications for lead and zinc futures, with the guarantee not yet in effect[14] - The company has approved the use of up to RMB 200 million of temporarily idle raised funds to supplement working capital[14] - The company is expanding its futures delivery capabilities to include tin and industrial silicon[15] - The company is in the process of applying for delivery warehouse qualifications for multiple futures commodities[15] Government Subsidies - The company received government subsidies amounting to ¥156,430.00 during the quarter, contributing to its non-operating income[6] Accounts Receivable - The company's accounts receivable increased by 82.86% to ¥6,400,000.00, attributed to the collection of bank acceptance bills[9] - The company reported a significant increase in accounts receivable, which rose to CNY 102,615,625.65 from CNY 99,792,339.54, indicating a growth of 2.8%[17]

Group 1: Event Details - Guangdong Jushen Logistics Co., Ltd. will participate in the "2022 Guangdong Listed Companies Investor Online Reception Day" [1] - The event will be held online via the platform provided by Shenzhen Panorama Network Co., Ltd. [1] - The online interaction will take place on September 22, 2022, from 15:50 to 16:50 [1] Group 2: Participants - The company's Secretary of the Board and Acting Financial Director, Mr. Zhang Honggang, will be present for the online communication [1] - Securities Affairs Representative, Ms. Chen Jinmei, will also participate in the event [1] Group 3: Investor Engagement - The company encourages investors to actively participate in the online communication [1] - The event aims to enhance communication and interaction with investors [1]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥566,038,321.53, representing an increase of 86.08% compared to ¥304,187,355.55 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 11.64% to ¥23,179,722.94 from ¥26,232,291.12 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥23,836,748.40, a decrease of 2.04% compared to ¥24,333,315.40 in the previous year[22]. - The net cash flow from operating activities increased by 23.07% to ¥14,835,171.95 from ¥12,053,877.57 in the same period last year[22]. - The total assets at the end of the reporting period were ¥1,136,985,634.92, an increase of 10.65% from ¥1,027,522,684.87 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company decreased by 7.33% to ¥678,818,618.60 from ¥732,501,819.95 at the end of the previous year[22]. - Basic earnings per share decreased by 25.00% to ¥0.18 from ¥0.24 in the previous year[22]. - The weighted average return on net assets was 3.11%, down 3.29% from 6.40% in the previous year[22]. Operational Developments - The company has established a competitive advantage in multi-modal transport, focusing on the aluminum industry, with dedicated routes from Xinjiang to South China and East China[35]. - The company has expanded its warehousing services across multiple regions, including South China and East China, enhancing its logistics capabilities[33]. - The company has developed the Yushen Smart Transport platform, enhancing its online resource integration and logistics efficiency[34]. - The company has positioned itself strategically within the aluminum supply chain, creating a strong customer base and increasing customer loyalty[36]. - The company has expanded its service offerings in the non-ferrous metal sector, including copper, lead, and zinc, leveraging its logistics advantages in Guangdong, a major processing and consumption area for these metals[38]. - The logistics network has been enhanced through the establishment of long-distance and short-distance dedicated lines, optimizing resource allocation and improving operational efficiency[39]. - The company has developed a logistics park in Guangdong to increase its warehousing capacity and improve waterway transportation connections with major ports, facilitating business growth[40]. - The company has established a comprehensive logistics network in South China, enhancing its market influence in the aluminum industry and creating a competitive edge that is difficult for rivals to replicate[41]. Market Conditions and Challenges - The logistics industry faced a 0.8% decline in GDP during the first half of 2022, impacting the company's performance[30]. - The logistics services provided to the electrolytic aluminum industry face high customer concentration risks, which could negatively impact the company's performance if major clients encounter adverse conditions[82]. - The logistics industry is experiencing intensified competition from large state-owned enterprises and international logistics companies, which may pressure the company's market space and profitability[83]. - The ongoing COVID-19 pandemic poses risks to the company's operations, with potential impacts on profitability if the situation worsens[85]. Financial Management and Investments - The company raised a total of RMB 486.53 million through the public offering of 32,242,000 shares at an issue price of RMB 15.09 per share[70]. - As of June 30, 2022, the company has used RMB 207.97 million of the raised funds, with RMB 31.41 million used in the first half of 2022[71]. - The remaining balance of the raised funds as of June 30, 2022, is RMB 234.60 million, including net interest income from bank deposits[71]. - The company has not made any changes to the use of the raised funds, maintaining a 0.00% change in purpose[70]. - The company has invested heavily in information technology, leading to the launch of new functional modules in its business management system[48]. - The company reported a total of CNY 43,305 million in committed investment projects, with a cumulative investment of CNY 20,797 million, representing 48.0% of the total commitment[72]. Corporate Governance and Compliance - The company has implemented measures to ensure compliance with environmental regulations, confirming no administrative penalties were incurred during the reporting period[94]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[105]. - There were no violations of external guarantees during the reporting period[106]. - The company has fulfilled its commitments and responsibilities as per legal requirements[104]. - The company has not reported any significant legal disputes or losses during the reporting period[64]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,874[144]. - The largest shareholder, Lei Qi, holds 39.71% of the shares, totaling 51,145,800 shares[145]. - The second-largest shareholder, Lei Gaochao, holds 25.18% of the shares, totaling 32,432,200 shares[145]. - A total of 10,980,000 restricted shares were reported, with 7,980,000 shares released during the period[142]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[148]. Future Outlook - The company plans to enhance its management system and expand its business categories, including electrolytic copper, to strengthen its sustainable profitability and competitive edge[84]. - The overall performance outlook remains cautious due to market conditions[180]. - Future outlook remains cautious with no specific guidance provided for the upcoming quarters[183].

Revenue and Profit - The company's revenue for Q1 2022 was CNY 281,209,443.53, representing a 39.76% increase compared to CNY 201,210,173.35 in the same period last year[4] - The net profit for the first quarter of 2022 was CNY 10,567,018.34, a decrease of 43.0% compared to CNY 18,522,368.04 in the same period last year[17] - Basic and diluted earnings per share fell by 57.89% to CNY 0.08 from CNY 0.19 in the same period last year[4] - The net profit for the first quarter of 2022 was CNY 14,135,499.08, a decrease of 45.8% from CNY 26,064,163.18 in the same period last year[16] - The total comprehensive income attributable to the parent company was CNY 10,567,018.34, down from CNY 18,522,368.04 in the previous year, reflecting a decrease of 43.0%[17] Operating Activities - The net cash flow from operating activities improved by 65.45%, reaching CNY -11,888,631.35, compared to CNY -34,406,976.86 in the previous year[4] - Operating cash inflow totaled CNY 293,656,152.34, compared to CNY 170,054,389.78 in the prior year, representing an increase of 72.5%[20] - The company's cash and cash equivalents at the end of the first quarter were CNY 320,550,378.45, slightly down from CNY 323,276,959.30 at the beginning of the year[13] - Cash and cash equivalents at the end of the period stood at CNY 314,742,044.45, significantly up from CNY 19,552,160.16 a year earlier[21] Costs and Expenses - Operating costs rose by 52.81% to CNY 255,622,914.67, attributed to increased oil and outsourcing transportation costs due to the pandemic[8] - The total operating costs for the first quarter of 2022 were CNY 265,239,254.60, up 49.5% from CNY 177,411,298.75 in the previous year[16] - The company incurred operating expenses of CNY 305,544,783.69, an increase from CNY 204,461,366.64 in the same quarter last year[21] - Research and development expenses for the first quarter were CNY 497,067.34, up from CNY 435,886.08, indicating a growth of 14.0%[16] Assets and Liabilities - Total assets increased by 2.74% to CNY 1,055,657,657.15 from CNY 1,027,522,684.87 at the end of the previous year[4] - The total assets of the company at the end of the first quarter were CNY 1,055,657,657.15, compared to CNY 1,027,522,684.87 at the beginning of the year[15] - The total liabilities increased to CNY 312,618,031.03 from CNY 295,020,864.92, marking a rise of 5.4%[15] - The company's equity attributable to shareholders rose to CNY 743,039,626.12 from CNY 732,501,819.95, an increase of 1.9%[15] Receivables and Prepayments - The company reported a significant increase in prepayments, which rose by 109.24% to CNY 8,836,594.40, primarily due to prepaid freight and fuel costs[8] - Other receivables increased by 46.53% to CNY 25,812,944.08, mainly due to an increase in guarantee deposits[8] - Accounts receivable increased to CNY 129,139,561.21 from CNY 99,792,339.54, reflecting a growth of 29.3%[13] Cash Flow from Investment Activities - Investment activities resulted in a net cash outflow of CNY -17,130,293.35, compared to CNY -43,426,050.85 in the previous year, indicating a reduction in cash outflow[21] - The company raised CNY 36,895,835.37 through borrowings, an increase from CNY 29,600,000.00 in the same period last year[21]

Financial Performance - The company's operating revenue for 2021 was ¥746,780,060.90, a decrease of 23.48% compared to 2020[20]. - The net profit attributable to shareholders for 2021 was ¥46,619,024.92, down 48.35% from the previous year[20]. - The net cash flow from operating activities was negative at -¥5,946,917.62, a decline of 104.56% compared to 2020[20]. - The total assets at the end of 2021 reached ¥1,027,522,684.87, an increase of 179.73% from the end of 2020[21]. - The net assets attributable to shareholders increased to ¥732,501,819.95, up 189.93% year-over-year[21]. - The company reported a basic earnings per share of ¥0.39, a decrease of 58.06% compared to 2020[20]. - The weighted average return on equity was 8.25%, down 35.28% from the previous year[20]. - The company achieved a revenue of 746 million yuan in 2021, a year-on-year decrease of 23.48%, with logistics revenue declining by 30.03% to 625 million yuan, while warehousing revenue increased by 48% to 121 million yuan[50]. - The company reported a significant increase in warehousing comprehensive services revenue, which rose by 48.00% to ¥121,379,433.37[57]. Risk Management - The company has not reported any significant risk events during the reporting period and has detailed potential risks in the annual report[6]. - The management's future plans and performance forecasts are preliminary estimates and are subject to various uncertainties, including macroeconomic and market conditions[6]. - The company emphasizes the importance of risk awareness among investors regarding the differences between plans, forecasts, and commitments[6]. - The ongoing COVID-19 pandemic poses a risk to the company's operations, and it is taking measures to ensure employee health and business continuity[114]. - The company is addressing high customer concentration risks by expanding service types and developing new customer groups through multi-modal transport and warehousing services[111]. - The company is facing intensified market competition from large state-owned enterprises and international logistics companies, which may impact its market space and profitability[112]. Operational Strategy - The company operates multiple wholly-owned subsidiaries, enhancing its logistics and supply chain capabilities across different regions[11]. - The company is focusing on multi-modal transport and has established logistics centers in key regions to enhance service capabilities[30]. - The company aims to extend its service offerings to include futures delivery and logistics finance, enhancing resource circulation in the non-ferrous metal industry[31]. - The company has developed dedicated transport lines and logistics networks to optimize operational efficiency and reduce costs[32]. - The company has established subsidiaries in key regions such as Xinjiang, Southwest, and South China, focusing on comprehensive warehousing services for the aluminum industry[34]. - The company aims to enhance its logistics services through multi-modal transport and integrated warehousing, driving horizontal and vertical business expansion[34]. - The company has formed a specialized logistics network for the electrolytic aluminum industry, connecting production areas in Xinjiang and Southwest with consumption areas in East and South China[38]. - The company is expanding its service offerings to include other non-ferrous metals such as copper, lead, and zinc, leveraging its existing logistics capabilities[39]. - The company is committed to advancing its information technology and smart logistics capabilities to optimize its operations[40]. - The company is focusing on enhancing its supply chain management services and warehouse operations[85]. Corporate Governance - The company held 8 shareholder meetings during the reporting period, all convened by the board of directors, ensuring equal rights for all shareholders, especially minority shareholders[120]. - The board of directors consists of 7 members, including 3 independent directors, and held 16 meetings during the reporting period, adhering to legal and regulatory requirements[121]. - The company has established a complete and independent financial accounting system, ensuring no interference from the controlling shareholder in financial activities[127]. - The company has a fully independent business operation capability, with no competition or unfair transactions with the controlling shareholder's other enterprises[125]. - The company is committed to adhering to corporate governance standards as evidenced by the detailed reporting of board member holdings and changes[132]. - The company’s financial governance includes regular audits and reviews as part of its annual reporting process[130]. - The company is actively managing its shareholder base and ensuring compliance with regulatory requirements through its meetings and reports[129][130]. Employee Management - Employee compensation increased by 65.03% to ¥34,560,698.83 due to a rise in personnel numbers[61]. - The company is focusing on talent development through a dual-track training mechanism for professional and management personnel[54]. - The total number of employees at the end of the reporting period is 470, with 230 technical personnel, 89 production personnel, and 51 sales personnel[160][161]. - The company has a total of 659 employees receiving salaries, with no retired employees requiring pension expenses[160]. - The employee compensation system includes basic salary, performance pay, and other allowances, aimed at attracting and retaining talent[162]. - The company emphasizes employee training, covering various skills and management capabilities to enhance overall employee quality[163]. Investment and Expansion - The company is expanding its logistics services, including international and domestic freight forwarding, and customs brokerage[84]. - The company plans to invest in new technologies to improve operational efficiency and service delivery[81]. - The company aims to increase its market share through strategic partnerships and acquisitions in the logistics sector[82]. - The company is considering strategic acquisitions to enhance its service capabilities, with a budget of 100 million RMB allocated for potential deals[144]. - The company is committed to enhancing its operational capabilities through strategic investments in logistics infrastructure[89]. Social Responsibility - The company actively engaged in social responsibility initiatives, including donations to educational institutions and support for employment entrepreneurship activities[182]. - The company made a targeted donation to Nanhai Experimental School in Foshan to support educational projects, including scholarships and talent development[183]. Compliance and Regulatory - The company is committed to compliance with regulatory requirements for its operational activities[83]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[177]. - The company is focused on consolidating poverty alleviation and rural revitalization efforts, although specific financial metrics were not provided[184]. - The company has a commitment to report any changes in shareholding to comply with relevant regulations[190]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[144]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on expanding the logistics service offerings[144]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 5%[144]. - The management team emphasized the importance of enhancing customer service, aiming for a 90% customer satisfaction rate by the end of the next fiscal year[144].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 202,927,745.63, representing a 6.81% increase year-over-year, while the year-to-date revenue decreased by 23.32% to CNY 507,115,101.18[4] - Net profit attributable to shareholders for Q3 2021 was CNY 12,867,038.19, a decrease of 20.40% compared to the same period last year, with a year-to-date net profit of CNY 39,099,329.31, down 26.78%[4] - Total operating revenue for the third quarter was CNY 507,115,101.18, a decrease of 23.3% compared to CNY 661,373,501.74 in the same period last year[22] - Net profit for the quarter was CNY 39,099,329.31, representing a decline of 26.8% from CNY 53,397,603.32 in the previous year[23] - Basic and diluted earnings per share were both CNY 0.34, down from CNY 0.55 in the same quarter last year[24] Assets and Liabilities - The company's total assets increased by 153.55% year-over-year to CNY 931,348,067.00, and equity attributable to shareholders rose by 186.95% to CNY 724,961,847.47[5] - Non-current assets totaled CNY 444,408,335.78, significantly higher than CNY 192,432,221.06 from the previous period[20] - Total assets reached CNY 931,348,067.00, compared to CNY 367,329,550.69 in the same period last year[20] - Total liabilities were CNY 206,386,219.53, an increase from CNY 114,684,522.19 year-on-year[20] - The total liabilities rose from 114,684,522.19 CNY to 166,245,624.05 CNY, indicating an increase of about 45%[32] Cash Flow - The net cash flow from operating activities for the year-to-date period was negative at CNY -22,551,113.64, but showed a significant improvement of 1,684.40% compared to the previous year[4] - The net cash flow from operating activities was -22,551,113.64 CNY, compared to -2,157,490.03 CNY in the previous quarter, indicating a decline in operational performance[27] - Total cash inflow from financing activities was 536,721,421.51 CNY, with a net cash flow of 406,302,156.44 CNY after outflows[28] - The company reported a total operating cash inflow of 511,970,994.00 CNY, while cash outflow was 534,522,107.64 CNY, leading to a negative net cash flow from operations[27] - Investment activities resulted in a net cash outflow of -152,102,087.88 CNY, reflecting increased capital expenditures[28] Shareholder Information - The company had a total of 18,191 common shareholders at the end of the reporting period[12] - Total equity attributable to the parent company's owners is CNY 252,645,028.50[33] Operational Developments - The company successfully acquired land use rights for RMB 11,776,500, enhancing its asset base[15] - The board approved a project loan application of up to RMB 100 million with a 10-year term, backed by the chairman's guarantee[15] - The company plans to increase the registered capital of its wholly-owned subsidiary by RMB 20 million, funded by its own resources[15] - The company is actively participating in land auctions to expand its operational footprint[15] - The company is in the process of finalizing capital increase procedures for its subsidiary as of September 30, 2021[15] Inventory and Receivables - Accounts receivable increased by 119.17% to CNY 98,964,844.49, indicating a slowdown in customer payments[8] - The company’s inventory rose by 98.99% to CNY 35,978,529.40, driven by increased business development and order volume[8] - Accounts receivable rose to RMB 98,964,844.49, up from RMB 45,153,786.62, indicating a year-over-year increase of about 119%[18] Research and Development - Research and development expenses for the quarter were CNY 1,266,945.22, compared to CNY 1,071,475.25 in the same period last year, indicating a focus on innovation[23] Leasing and Accounting Changes - The company implemented new leasing standards, resulting in adjustments to the balance sheet, particularly affecting non-current assets and liabilities[29] - The present value of minimum lease payments not yet paid is CNY 51,561,101.86, discounted at a weighted average incremental borrowing rate of 4.8%[33] - The difference between the discounted amount and the lease liability recognized on the balance sheet is CNY 23,663,324.26[33] - The company has not recognized right-of-use assets and lease liabilities for leases completed within 12 months after the initial application date[34] Audit Status - The third quarter report has not been audited[35]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥304,187,355.55, a decrease of 35.47% compared to ¥471,390,317.92 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2021 was ¥26,232,291.12, down 29.69% from ¥37,309,849.85 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,333,315.40, a decline of 34.68% compared to ¥37,253,385.03 in the same period last year[22]. - The net cash flow from operating activities was ¥12,053,877.57, which is a decrease of 21.78% from ¥15,409,650.63 in the previous year[22]. - The basic earnings per share for the first half of 2021 was ¥0.24, down 38.46% from ¥0.39 in the same period last year[22]. - The company's revenue for the reporting period was ¥304,187,355.55, a decrease of 35.47% compared to ¥471,390,317.92 in the previous year[58]. - Operating costs decreased by 39.24% to ¥245,551,671.63 from ¥404,125,403.05, attributed to a reduction in orders[58]. - The gross profit margin for the logistics and warehousing industry was 19.28%, reflecting a 35.09% increase compared to the previous year[61]. - The transportation service revenue decreased by 43.72% to ¥244,445,483.25, while the gross profit margin for this segment fell by 13.44% to 8.85%[61]. - The company achieved a 61.95% gross profit margin in the warehousing comprehensive service segment, with revenue increasing by 61.16% to ¥59,741,872.30[61]. Assets and Liabilities - The total assets at the end of the reporting period were ¥826,178,961.73, an increase of 124.91% compared to ¥367,329,550.69 at the end of the previous year[22]. - The net assets attributable to shareholders at the end of the reporting period were ¥711,964,528.79, up 181.80% from ¥252,645,028.50 at the end of the previous year[22]. - Cash and cash equivalents at the end of the reporting period amounted to ¥367,109,673, representing 44.43% of total assets, an increase of 22.87% compared to the previous year[64]. - Accounts receivable decreased to ¥63,623,695.9, accounting for 7.70% of total assets, down 4.59% due to slower customer payments impacted by the pandemic[64]. - Inventory decreased to ¥11,806,695.1, representing 1.43% of total assets, a decline of 3.49% due to reduced multimodal transport business[64]. - Fixed assets increased to ¥60,519,405.9, accounting for 7.33% of total assets, up 4.06% due to vehicle purchases[64]. - Total liabilities decreased to CNY 114.21 million from CNY 114.68 million, showing a slight reduction of 0.4%[167]. - Owner's equity surged to CNY 711.96 million, up from CNY 252.65 million, marking a substantial increase of 182.5%[168]. Strategic Focus and Operations - The company focuses on multi-modal transport, leveraging its experience to design logistics solutions that prioritize safety and efficiency while reducing overall logistics costs[31]. - The company has established logistics centers in key regions, including Xinjiang, South China, and East China, to enhance its multi-modal transport capabilities[31]. - The company is expanding its direct transport business, particularly in the Southwest region, which is a key area for the aluminum industry[33]. - The company operates comprehensive warehousing services, including value-added services such as futures delivery and warehouse management[34]. - Future plans include expanding service offerings and enhancing information technology to become a leading provider in the non-ferrous metal logistics sector[35]. - The company has a clear strategic focus on the non-ferrous metal logistics field, integrating closely with the aluminum industry[36]. - The company benefits from its authority in futures delivery warehouses for aluminum and copper, enhancing its brand influence and operational efficiency[38]. - The company promotes efficient resource flow within the non-ferrous metal industry by integrating logistics with manufacturing and trade[39]. - The company has established a specialized logistics service for the electrolytic aluminum industry, focusing on key supply areas in Xinjiang and the Southwest, and major demand areas in East and South China[40]. - The logistics network includes long-distance dedicated lines from Xinjiang to South and East China, enhancing the company's competitive position and customer loyalty in the electrolytic aluminum sector[41]. Investments and Subsidiaries - The company established Guangzhou Jushen Logistics Co., Ltd. with a registered capital of RMB 30 million, holding 70% equity after an investment of RMB 21 million[74]. - The company completed the acquisition of the remaining 30% equity in Guangzhou Jushen Logistics, making it a wholly-owned subsidiary[74]. - The company approved a capital increase of RMB 97 million for its wholly-owned subsidiary, Changji Yushen, to implement fundraising projects[134]. - A capital increase of RMB 36.37 million was approved for Yushen Warehousing to implement fundraising projects[135]. - The company approved a capital increase of RMB 62.3 million for its wholly-owned subsidiary, Qinzhou Yushen, to implement fundraising projects[138]. - The company established a joint venture, Guangzhou Yushen Logistics Co., Ltd., with a total investment of RMB 30 million, where the company contributed RMB 21 million, accounting for 70% of the registered capital[139]. Regulatory Compliance and Risks - The company is committed to complying with regulatory requirements to maintain its operational licenses and certifications[88]. - The ongoing COVID-19 pandemic poses risks to the company's operations, but it is taking measures to minimize the impact[89]. - The company is actively addressing policy risks by establishing operations in regions with favorable electricity costs and environmental regulations[83]. - The logistics industry is facing increased competition, prompting the company to enhance its management systems and expand its service offerings[87]. Social Responsibility and Community Engagement - The company actively participated in social responsibility activities, including pandemic prevention measures and community support[105]. - The company achieved 100% vaccination among employees during the reporting period, with zero infections reported[105]. - The company engaged in community-building activities in collaboration with local government organizations[102]. - The company actively participated in social welfare activities, donating to educational funds and supporting local initiatives[107]. - The company received the "Advanced Collective" honor from the Foshan Municipal Government during the reporting period[106]. Shareholder Information - The total number of shareholders at the end of the reporting period was 24,249[151]. - The largest shareholder, Lei Qi, holds 39.71% of the shares, totaling 51,145,800 shares[151]. - The second-largest shareholder, Lei Gaochao, holds 25.18% of the shares, totaling 32,432,200 shares[151]. - The proportion of limited sale shares decreased from 100% to 74.97% post-IPO[146]. - The company has completed all necessary securities registration procedures for the new shares issued[149]. Future Outlook - Future guidance suggests continued growth in revenue and profitability, driven by strategic investments and market expansion efforts[193]. - The company plans to continue expanding its market presence and developing new technologies to enhance operational efficiency[193].