Financial Performance - Total operating revenue for the first quarter was CNY 8,225,646,153.73, a decrease of 1.25% compared to CNY 8,329,398,158.02 in the previous year[27]. - The company's operating revenue for the current period is ¥8,213,182,156.45, a decrease of 1.06% compared to the previous year[32]. - Cash received from sales of goods and services was ¥8,386,325,026.27, down from ¥8,828,400,342.10, a decline of about 5.00%[42]. - Net profit for the first quarter reached CNY 185,967,060.29, representing an increase of 12.00% from CNY 165,133,620.19 in the same period last year[27]. - Net profit attributable to shareholders is ¥176,488,738.28, representing an increase of 12.83% year-over-year[32]. - Total comprehensive income for the quarter was CNY 12,279,840.82, a recovery from a loss of CNY 85,811,312.07 in the previous year[27]. - Total comprehensive income attributable to the parent company was ¥188,768,579.10, up from ¥70,604,214.80, showing a significant increase[42]. Cash Flow - Net cash flow from operating activities is -¥159,157,284.25, showing an improvement of 17.96% compared to the previous year[32]. - Net cash flow from operating activities was negative at ¥-159,157,284.25, an improvement from ¥-194,005,213.64 in the previous period[42]. - The company experienced a decrease in cash flow from operating activities, totaling ¥9,174,289,725.05, down from ¥10,210,553,893.82, a decline of approximately 10.16%[42]. - Cash inflow from financing activities increased by 49.54% to CNY 2,514,152,014.12, mainly due to increased borrowings[14]. - Net cash flow from financing activities surged by 864.22% to CNY 594,953,653.65, also driven by increased borrowings[14]. - The net cash flow from investing activities is -¥1,217,708,874.85, which is a significant increase in outflow compared to -¥554,980,323.96 in the previous year[31]. Assets and Liabilities - The company's total assets at the end of the period amounted to CNY 41,277,745,961.23, up from CNY 41,149,813,892.96 at the beginning of the year[27]. - The total assets at the end of the reporting period amount to ¥41,277,745,961.23, reflecting a 0.31% increase from the previous year[32]. - The total liabilities and equity increased to CNY 41,277,745,961.23, compared to CNY 41,149,813,892.96 at the start of the year[27]. - Current liabilities decreased to ¥12,481,474,666.97 from ¥13,097,174,918.09, a reduction of about 4.69%[39]. - Long-term borrowings rose to ¥8,140,778,750.72 from ¥7,505,972,494.84, indicating an increase of approximately 8.49%[39]. - The company reported a total equity of ¥18,567,219,769.33, an increase from ¥18,401,318,839.09, reflecting a growth of about 0.90%[39]. Investments - Long-term equity investments surged by 129.17% to CNY 1,664,110,019.94, mainly due to the subscription of shares in Chongqing Ant Consumer Finance Co., Ltd.[14]. - Cash inflow from investment activities increased by 88.27% to CNY 109,043,093.36, mainly due to increased cash received from the disposal of subsidiaries[14]. - Cash outflow from investment activities rose by 116.47% to CNY 1,326,751,968.21, primarily due to the subscription of shares in Chongqing Ant Consumer Finance Co., Ltd.[14]. - Net cash flow from investment activities was negative at CNY -1,217,708,874.85, a decline of 119.41% compared to the previous year[14]. Expenses - Operating costs for the first quarter were CNY 8,043,027,488.10, down from CNY 8,118,067,832.03 in the previous year, indicating a cost reduction strategy[27]. - Research and development expenses remained stable at CNY 89,038,772.03, slightly down from CNY 89,839,412.34 year-over-year[27]. - Interest income decreased by 55.79% to CNY 12,463,997.28 in Q1 2023, attributed to a decline in the scale of factoring business[14]. - The company reported a significant decrease in interest income to CNY 12,463,997.28 from CNY 28,190,367.41 in the previous year, reflecting changes in financial strategy[27]. - Investment income fell by 50.17% to CNY 12,471,196.17, primarily due to reduced gains from the disposal of financial instruments[14]. Shareholder Information - Basic earnings per share for the current period is ¥0.06, up 20.00% from ¥0.05 in the previous year[32]. - Basic and diluted earnings per share both improved to ¥0.06 from ¥0.05, reflecting a growth of 20%[42]. - The company reported a total of 46,740 common shareholders at the end of the reporting period[35]. Future Outlook - The company plans to continue its market expansion and product development initiatives in the upcoming quarters[28].

Research and Development - The company has established two high-tech R&D centers in Zhejiang and Hangzhou, focusing on logistics technology and industry product upgrades, and has been recognized as a national-level pilot demonstration project[4] - The company has established three major global R&D bases to enhance its global R&D resource allocation capabilities and foster long-term collaborations with external institutions[80] - The company has implemented a global R&D layout to strengthen innovation support in its chemical business[153] - The management team highlighted ongoing efforts in research and development for new products and technologies, aiming to enhance market competitiveness[186] Logistics Business - The company has transformed from a physical logistics platform to a digital technology-driven logistics network, enhancing order transaction efficiency and customer satisfaction[9] - The company has a competitive edge with its "road port" model, which has evolved into a networked and intelligent logistics ecosystem over 20 years[8] - The company is focused on expanding its public road port logistics centers, enhancing regional logistics capabilities through digital technology[73] - The company’s digital logistics services include standardized and digitalized LTL (Less Than Truckload) services, enhancing efficiency for manufacturing enterprises[68] - The company aims to develop a smart logistics service platform, integrating logistics, technology, and finance[72] - The company is exploring the synergy between finance and logistics supply chains, building a visible, controllable, and trustworthy IoT warehousing management platform, and enhancing its financial technology capabilities[135] Chemical Business - The chemical business aims to become a global leader in functional chemicals and new materials, focusing on high-value industry sectors and providing differentiated services[11] - The company’s chemical business is positioned as a global leader in functional chemicals, with significant market shares in various segments[69] - The chemical business unit saw significant revenue growth in textile chemicals, functional polymer PU series products, and multi-color coatings, with breakthroughs in sales of rare earth polybutadiene rubber[97] - The chemical business is expanding internationally, with a focus on Southeast Asia, the Middle East, and Latin America for new production bases[107] - The company is committed to becoming a global leader in functional chemicals and new materials, driven by technology and digital transformation[139] Financial Performance - The company’s operating revenue for 2022 was approximately ¥36.90 billion, an increase of 4.26% compared to ¥35.39 billion in 2021[50] - The net profit attributable to shareholders for 2022 was approximately ¥744.84 million, a decrease of 66.89% from ¥2.25 billion in 2021[50] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥467.21 million, down 77.05% from ¥2.04 billion in 2021[50] - The basic earnings per share for 2022 was ¥0.26, a decline of 63.89% compared to ¥0.72 in 2021[50] - The net cash flow from operating activities for 2022 was approximately ¥1.49 billion, an increase of 12.16% from ¥1.33 billion in 2021[50] - The total assets at the end of 2022 were approximately ¥41.10 billion, a slight increase of 0.52% from ¥40.89 billion at the end of 2021[50] - The net assets attributable to shareholders at the end of 2022 were approximately ¥17.33 billion, an increase of 2.67% from ¥16.88 billion at the end of 2021[50] - The company reported a weighted average return on equity of 4.35% for 2022, a decrease of 9.82 percentage points from 14.17% in 2021[50] Market Trends - In 2022, the total social logistics volume in China reached 347.6 trillion yuan, a year-on-year increase of 3.4%[66] - The logistics industry total revenue in 2022 was 12.7 trillion yuan, reflecting a year-on-year growth of 4.7%[66] - The company acknowledges external uncertainties, including high global inflation and weakened economic growth, which may impact its operational growth[143] Corporate Governance - The company has established a modern corporate governance structure and complies with relevant regulatory requirements[163] - The company has implemented a performance evaluation mechanism for senior management to enhance governance and ensure steady performance improvement[176] - The company has a risk management organization comprising the audit committee and internal audit department[172] - The internal control system has been effectively implemented, with no significant deficiencies reported during the reporting period[172] Strategic Initiatives - The company plans to continue focusing on logistics and chemical sectors for future growth and expansion strategies[50] - The company aims to enhance its supply chain network and has completed new development bases in South and East China, with the Zhejiang Pinghu base now operational[98] - The company is focused on reducing carbon emissions in its existing business units while promoting the introduction of bio-based raw materials in collaboration with leading downstream enterprises[140] - The company plans to optimize its overseas supply chain layout, enhancing self-circulation capabilities and accelerating the establishment of production bases in Southeast Asia, the Middle East, and Latin America[142] Customer and Market Focus - The company emphasizes a customer-centric approach to improve product added value through technological innovation and comprehensive services[143] - The company is actively pursuing market expansion and strategic partnerships to enhance its competitive edge and customer loyalty[139] Operational Metrics - The logistics segment generated ¥28.28 billion, accounting for 76.64% of total revenue, with a growth of 3.12% compared to the previous year[108] - The chemical segment achieved revenue of ¥8.62 billion, which is 23.36% of total revenue, reflecting an increase of 8.20% year-on-year[108] - The company has maintained a stable occupancy rate of 89% in its logistics parks, with 7,378 enterprises residing in these parks[95] - The company has established 74 logistics centers nationwide, with 61 operational, covering a land area of 14.65 million square meters[104]

Business Overview - Investors from institutions such as Rolling Stone Investment, BOC International, Zhongyu Investment, Guoyuan Securities, Fuying Investment, Guojin Securities, and Baoying Fund visited Transfar Group on May 13th to investigate the company's business operations [2][3] - Company leaders, including Chairman Xu Guanjun and Senior Vice Presidents, provided detailed responses to investor inquiries [2] Logistics and Delivery Services - Yihuodi focuses on intra-city delivery, specializing in cargo collection and last-mile delivery, while Deppon handles cross-city transportation nationwide [3] - Yihuodi's core algorithm system, Fengbao, is independently developed and leads the industry with real-time cargo and vehicle distribution tracking, optimizing dispatch efficiency [3] - Yihuodi's revenue model includes commissions from enterprise clients and value-added services such as vehicle aftermarket, finance, and insurance [4] - Top-performing Yihuodi drivers can earn up to 25,000 RMB monthly, with an average monthly income of 9,000 RMB [4] Financial and Risk Management - The company's financial risk assessment focuses on repayment sources and asset diversification, with discounted bills directly transferred to drivers [5] - Factoring business is funded through 100 million RMB in self-owned capital and asset-backed securities [5] - Factoring addresses the liquidity needs of small and medium-sized logistics enterprises, which face delayed payments and high capital demands [6] Technology and Innovation - Yihuodi is the only product in the industry using an intelligent dispatch model, enhancing user experience compared to competitors' grab-order systems [3] - Challenges in intelligent information system development include logistics process optimization, but the company leverages its industrial advantages to deepen integration with manufacturing [6] Market and Competition - Yihuodi targets B2B production material delivery, while Yuniao focuses on large enterprise clients for urban delivery of consumer goods [4] - Lujing, another platform, currently handles logistics information fees and aftermarket services, with plans to integrate freight transactions later in the year [4] Strategic Development - Online and offline businesses are complementary, with internet products aimed at boosting offline transaction efficiency [4] - The company plans to streamline intermediaries on the Lujing platform and support high-quality freight forwarders [6]

证券代码：002010 证券简称：传化股份 浙江传化股份有限公司投资者关系活动记录表 编号：2016-002 | --- | --- | --- | |-------------------|------------------------|-----------------------------------------------------| | | | | | 投 资 者 关 系 活 | √ | 特定对象调研 □分析师会议 | | 动类别 | □ 媒体采访 □业绩说明会 | | | | □新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参 与 单 位 名 称 | | 安信证券：胡荣春/马琦、中银国际：王钦、中金公司：陈 | | 及人员姓名 | 黎 / | 高峥、申万研究所：罗江南、嘉实基金：肖觅、招商证 | | | | 券：陈卓、广发证券：曹奕丰、中值资本：刘洋、淡马 | | | | 锡：周玮、中国人寿：洋宜阳、长江证券：冯启斌、中欧 | | | | 基金：姜祎、泰康资产：文升、长安财富：赵永刚 、上海 | | | | 陆家嘴投资 ...

证券代码：002010 证券简称：传化股份 浙江传化股份有限公司投资者关系活动记录表 编号：2016-003 | --- | --- | --- | |----------------|------------------------|--------------------------------------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | | 方正证券 房乐 瞿震华、凯基证券 郭亮亮、物产中大 王浩、 | | 人员姓名 | 鑫润禾资产管理 王大林 | | | 时间 | 9 月 23 日 | | | 地点 | | 浙江杭州经济技术开发区 公司会议室 | | 上市公司接待人 | | 董秘 朱江英、证券事务代表 章八一、投资者关系 管明锋 | | 员姓名 | | | | 投资者关系活动 | 9 月 23 | 日，来自方正证券、凯基 ...

证券代码：002010 证券简称：传化智联 传化智联股份有限公司投资者关系活动记录表 编号：2016-004 | --- | --- | --- | |----------------|-------------------------------|----------------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | 申万宏源证券 陆达、匡培钦 | | | 人员姓名 | 财通基金 刘佳蒙 | | | | 弘则研究 张骥 | | | | 广东广播电视台股市广播 潘晓霞 | | | | 广东广播电视台股市广播 关妙钿 | | | | 北京新博融投资 余继业 | | | | 佛山名策投资 祝冬琴 | | | | 四川农商投资 税杨林 | | | | 佛山弘尚投资 莫武军 | | | | 个人投资者等 18 | 人 | | 时间 | 201 ...

√特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动 □新闻发布会 □路演活动 类别 □现场参观 □其他 （请文字说明其他活动内容） 证券代码：002010 证券简称：传化智联 传化智联股份有限公司投资者关系活动记录表 编号：2017-001 | --- | --- | --- | |----------------|--------|----------------| | | | | | | 王健 | 新华汇嘉 | | 参与单位名称及 | 林海舰 | 上海国和投资 | | | 何前 | 岳佑投资 | | | 王宝娟 | 华商基金 | | 人员姓名 | 刘总 | 陆家嘴金融 | | | 胡小军 | 滚石投资 | | | 李路 | 中植资本 | | | 黄天潇 | 东方资产 | | | 范轶敏 | 浙商资管 | | | 张剑 | 拾贝投资 | | | 阮绿山 | 浙江惠文投资 | | | 韩益平 | 信诚基金 | | | 钱向劲 | 中信证券营业部 | | | 曾梦雅 | 中金公司 | | | 汪文良 | 康曼德资本 | | | 胡晓馨 | 杭金投 | | | 余奕炜 | 兴业证券 | | | ...

编号：2020-001 证券代码：002010 证券简称：传化智联 传化智联股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |--------------|-------------------------|---------|-------------------------------------------------| | | | | | | 投资者关系活 | √特定对象调研 | | □分析师会议 | | 动类别 | | | □媒体采访 □业绩说明会 | | | | | □新闻发布会 □路演活动 | | | □现场参观 | | | | | □其他 | | （请文字说明其他活动内容） | | | | | | | 参与单位名称 | 宏运资本 | 李 | 伟 | | 及人员姓名 | 中植投资 | 刘 | 洋 | | | 交银施罗德基金 | | 徐森洲 | | | 兴业证券 | 王品辉 | | | | 招商证券 | 苏宝亮 | | | | 东北证券 | 王哲宇 | | | | 中庚基金 | 潘博众 | | | | 建发股份 | 许 | 榕 | | | 杭州金融投资集团 | ...

证券代码：002010 证券简称：传化智联 传化智联股份有限公司投资者关系活动记录表 编号：2019-003 | --- | --- | --- | |-------------------|-----------------------------------|-------------------| | | | | | 投 资 者 关 系 活 | √ 特定对象调研 □分析师会议 | | | 动类别 | □ 媒体采访 □业绩说明会 | | | | □新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 （请文字说明其他活动内容） | | | 参 与 单 位 名 称 | Matthews Asia | 投资组合经理 张威 | | 及人员姓名 | Matthews Asia | Ryan Rutkowski | | | 泰康资产管理有限公司 刘旭 | | | | WISAYAH Arshad Ashraf | | | | 汇丰银行环球研究总监 周正峰 | | | | 汇丰银行环球研究员 李晨 | | | | 汇丰前海证券有限责任公司 李博男 | | | | 上海煜德投资 李贺 | | ...

证券代码：002010 证券简称：传化智联 传化智联股份有限公司投资者关系活动记录表 编号：2019-004 | --- | --- | --- | --- | |-------------------|------------------------------|---------------------------------------------------|-------| | | | | | | 投 资 者 关 系 活 | √ 特定对象调研 □分析师会议 | | | | 动类别 | □ 媒体采访 □业绩说明会 | | | | | □新闻发布会 □路演活动 | | | | | □ 现场参观 | | | | | □ | 其他 （请文字说明其他活动内容） | | | 参 与 单 位 名 称 | SPARX | 资产管理株式会社 投资调查部基金经理 松井宏平 | | | 及人员姓名 | 三井住友 DS | 资产管理 全球股票投资经理 上原義信 | | | | | 日本大和证券株式会社 情报投资部副部长 山田雪乃 | | | | | 大和资本市场香港有限公司 董事总经理 五百旗頭 治郞 | | | | | ...