Financial Performance - The company's operating revenue for 2019 was CNY 274,846,038.36, representing a 7.96% increase compared to CNY 254,570,947.09 in 2018[16] - The net profit attributable to shareholders for 2019 was CNY 52,684,420.25, a decrease of 8.51% from CNY 57,583,373.58 in 2018[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 44,429,803.36, down 10.02% from CNY 49,377,320.88 in 2018[16] - The net cash flow from operating activities increased by 41.85% to CNY 153,381,133.92 in 2019, compared to CNY 108,125,382.67 in 2018[16] - The total assets at the end of 2019 were CNY 1,631,164,794.82, reflecting a 4.67% increase from CNY 1,558,327,881.27 at the end of 2018[16] - The net assets attributable to shareholders at the end of 2019 were CNY 1,281,257,506.36, up 3.06% from CNY 1,243,248,352.88 at the end of 2018[16] - The basic earnings per share for 2019 was CNY 0.1301, a decrease of 8.51% from CNY 0.1422 in 2018[16] - The diluted earnings per share for 2019 was also CNY 0.1301, reflecting the same percentage decrease as the basic earnings per share[16] - The weighted average return on equity for 2019 was 4.18%, down from 4.71% in 2018[16] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.4 per 10 shares, based on a total of 405,000,000 shares[4] - The proposed profit distribution for 2019 is a cash dividend of 0.40 yuan per 10 shares, totaling 16,200,000.00 yuan, subject to shareholder approval[110] - The cash dividend for 2018 was also 16,200,000.00 yuan, representing 28.13% of the consolidated net profit of 57,583,373.58 yuan[113] - The cash dividend for 2017 was 20,250,000.00 yuan, which accounted for 31.17% of the consolidated net profit of 64,961,227.63 yuan[113] - The company has maintained a consistent cash dividend policy over the past three years, with total cash dividends of 16,200,000.00 yuan in both 2018 and 2019[112] Revenue Sources - The main business income from warehousing was 131.21 million yuan, accounting for 47.74% of total revenue, with an increase of 8.04%[45] - The revenue from the loading and unloading/terminal segment was ¥113,827,239.38, representing 41.42% of total revenue, with a 2.21% increase compared to the previous year[46] - The management services segment saw a significant increase of 201.89%, with revenue of ¥6,244,736.87, up from ¥2,068,513.04 in the previous year[46] - Domestic revenue accounted for 91.43% of total revenue, totaling ¥251,284,242.39, reflecting a 6.98% increase year-over-year[48] Investments and Assets - The company made additional investments of 493.50 million yuan in the Guangzhou Hengda Chuangfu health industry fund and 2.5 million yuan in Guangzhou Huayao Hengda[40] - The company's cash and cash equivalents increased by ¥47,022,950.48, representing a growth of 22.58% compared to the beginning of the year[27] - The company's accounts receivable increased by ¥50,466,027.33, a rise of 103.91%, mainly from the increase in commercial factoring business[27] - The company reported a significant increase in other non-current assets by ¥28,199,370.38, which is a 56.2% increase attributed to increased investments[28] Research and Development - Research and development expenses rose by 21.06% to ¥15,404,459.42, attributed to increased R&D activities in Wuhan[57] - The company completed the development of several key R&D projects, including technologies for non-destructive testing of liquid chemical storage tanks and high-concentration liquid alkali storage[58] - The number of R&D personnel increased by 31.15% to 80 in 2019, accounting for 15.47% of total employees[61] - R&D investment amounted to ¥15,404,459.42 in 2019, representing a 21.06% increase from ¥12,724,681.98 in 2018, and accounting for 5.60% of operating revenue[61] Safety and Environmental Standards - The company is committed to improving safety and environmental standards in its operations to comply with increasing regulatory requirements[100] - The company has established a strict safety production management system and emergency plans to fulfill its social responsibilities[152] - The total wastewater discharge in 2019 was 2.30624 million tons, with a permitted discharge limit of 0.333 million tons[155] - The company has conducted emergency drills for environmental incidents, including a comprehensive fire drill in December 2019[160] Governance and Management - The company has maintained a stable governance structure with no reported conflicts of interest among board members[172] - The company has not reported any significant changes in its board of directors or senior management during the reporting period[182] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.1181 million[193] - The company adheres to a salary policy that links remuneration to performance, aiming to motivate employees based on annual economic performance and individual assessments[196] Market Expansion and Future Plans - The company is focused on expanding its chemical warehousing and logistics capabilities in the market[173] - The company is actively exploring new business opportunities in the health industry, financial leasing, commercial factoring, and supply chain services to diversify its revenue streams[97] - The company plans to enhance its supply chain management systems, aiming for a 15% reduction in operational costs[189] - A strategic acquisition of a local competitor is anticipated to enhance operational efficiency and increase market penetration by 30%[189]

Financial Performance - The company's operating revenue for 2019 was CNY 274,846,038.36, representing a 7.96% increase compared to CNY 254,570,947.09 in 2018[16]. - The net profit attributable to shareholders for 2019 was CNY 52,684,420.25, a decrease of 8.51% from CNY 57,583,373.58 in 2018[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 44,429,803.36, down 10.02% from CNY 49,377,320.88 in 2018[16]. - The net cash flow from operating activities increased by 41.85% to CNY 153,381,133.92 in 2019, compared to CNY 108,125,382.67 in 2018[16]. - The total assets at the end of 2019 were CNY 1,631,164,794.82, reflecting a 4.67% increase from CNY 1,558,327,881.27 at the end of 2018[16]. - The net assets attributable to shareholders at the end of 2019 were CNY 1,281,257,506.36, up 3.06% from CNY 1,243,248,352.88 at the end of 2018[16]. - The basic earnings per share for 2019 was CNY 0.1301, a decrease of 8.51% from CNY 0.1422 in 2018[16]. - The diluted earnings per share for 2019 was also CNY 0.1301, reflecting the same decrease of 8.51% from CNY 0.1422 in 2018[16]. - The weighted average return on equity for 2019 was 4.18%, down from 4.71% in 2018[16]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.4 per 10 shares, based on a total of 405,000,000 shares, with no bonus shares issued[4]. - The cash dividend distribution for 2018 was also 16,200,000.00 CNY, representing 28.13% of the consolidated net profit[113]. - The cash dividend for 2017 was 20,250,000.00 CNY, which accounted for 31.17% of the consolidated net profit[113]. - The company has maintained a consistent cash dividend policy over the past three years, with total cash dividends of 16,200,000.00 CNY in both 2018 and 2019[112]. - The total distributable profit available for shareholders as of December 31, 2019, was 272,963,596.72 CNY[115]. Revenue Sources - The main business income from warehousing was 131.21 million yuan, accounting for 47.74% of total revenue, with an increase of 8.04% year-on-year[45]. - The revenue from the unloading/terminal segment was ¥113,827,239.38, representing 41.42% of total revenue, with a year-over-year growth of 2.21%[46]. - Management services revenue surged by 201.89% year-over-year to ¥6,244,736.87, now accounting for 2.27% of total revenue[46]. - Domestic main business revenue totaled ¥251,284,242.39, making up 91.43% of total revenue, with a 6.98% increase compared to the previous year[48]. Investments and Financial Activities - The company made additional investments of 493.50 million yuan in a health industry fund and 2.5 million yuan in another venture capital project during the reporting period[40]. - The company issued bonds totaling 1 billion yuan with a coupon rate of 5.50%, and as of December 31, 2019, 74.08 million yuan of the raised funds had been utilized[41]. - The company reported a significant increase in other non-current assets to ¥78,378,962.19, which is 4.81% of total assets, up from 3.22% at the beginning of the year, primarily due to increased investments[67]. - The company made a total investment of RMB 100 million in debt investments, with RMB 91,173,452.00 actually invested by the end of the reporting period, generating cumulative returns of RMB 14,440,372.32[77]. Research and Development - Research and development expenses rose by 21.06% to ¥15,404,459.42, driven by increased R&D activities in Wuhan[57]. - The company completed 22 R&D projects in 2019, including advancements in liquid chemical storage and safety monitoring systems[58]. - The number of R&D personnel increased by 31.15% from 61 in 2018 to 80 in 2019, with R&D personnel accounting for 15.47% of the total workforce[61]. - R&D investment amounted to ¥15,404,459.42 in 2019, representing a 21.06% increase from ¥12,724,681.98 in 2018, and accounting for 5.60% of operating revenue[61]. Market Position and Strategy - The company is expanding its storage capacity to meet the growing demand in the chemical industry, with a focus on diverse storage solutions[37]. - The hazardous chemical storage industry is expected to grow, driven by increased demand for chemical products and stricter safety regulations[36]. - The company is actively pursuing mergers and acquisitions to enhance its market position and expand its service offerings[40]. - The company plans to leverage its existing core competitiveness in the petrochemical logistics industry to expand its hazardous materials warehousing services while consolidating existing clients[91]. Governance and Compliance - The company has established a comprehensive internal control system to protect the rights of shareholders and creditors[152]. - The company emphasizes environmental protection and sustainable practices as part of its operational philosophy[153]. - The company has established a sound governance structure in compliance with relevant laws and regulations, ensuring independent and transparent operations[193]. - The company has not faced any major litigation or arbitration matters during the reporting period[129]. Shareholder Information - The largest shareholder, Zhuhai Shiyou Chemical Co., Ltd., holds 42.60% of the shares, totaling 172,530,000 shares, with no change during the reporting period[162]. - The company has 33,453 ordinary shareholders at the end of the reporting period, an increase from 28,609 in the previous month[161]. - The total number of shares before the change was 405,000,000, with 1.70% being limited shares and 98.30% being unrestricted shares[159]. Employee and Management Structure - The total number of employees in the company is 517, with 223 in the parent company and 294 in major subsidiaries[187]. - The company has a total remuneration of 311.81万元 for directors and senior management during the reporting period[186]. - The company has a training program that includes management strategy, industry communication, and technical qualification training[190]. - The company maintains a strict independent operation from its controlling shareholder in terms of business, personnel, assets, and finance[194].

Financial Performance - Operating revenue for the reporting period was CNY 66,508,619.12, a slight increase of 0.49% year-on-year[7] - Net profit attributable to shareholders decreased by 10.46% to CNY 16,954,040.96 compared to the same period last year[7] - Net profit after deducting non-recurring gains and losses fell by 24.15% to CNY 13,477,815.57[7] - Basic earnings per share decreased by 10.47% to CNY 0.0419[7] - The company's total profit for the year-to-date period was CNY 51,980,060.04, down from CNY 62,329,211.70 in the previous year[49] - The net profit attributable to the parent company for the year-to-date period was CNY 42,206,029.08, compared to CNY 51,990,361.18 in the same period last year[49] - The net profit for Q3 2019 was CNY 4,501,331.79, down 29.5% from CNY 6,389,843.07 in Q3 2018[44] - The total comprehensive income for the period was CNY 15,936,934.85, compared to CNY 20,048,298.84 in the previous year[44] Assets and Liabilities - Total assets increased by 10.43% to CNY 1,720,824,066.31 compared to the end of the previous year[7] - The total liabilities increased to CNY 444.12 million from CNY 303.56 million, marking a rise of about 46.2%[32] - The company's total equity reached CNY 1,276.71 million, up from CNY 1,254.77 million, showing an increase of approximately 1.7%[33] - The company's total assets as of September 30, 2019, were CNY 1,282,213,864.91, compared to CNY 1,189,775,514.96 at the end of 2018, reflecting a growth of 7.8%[38] - The company's total liabilities reached CNY 138,273,555.28, significantly higher than CNY 45,841,829.74 at the end of 2018[37] - The total current assets amounted to CNY 657.97 million, compared to CNY 481.35 million in the previous year, reflecting a growth of approximately 36.7%[31] Cash Flow - Cash flow from operating activities decreased significantly by 49.22% to CNY 44,269,450.11[7] - Net cash flow from operating activities increased by 94.49% to ¥95,408,088.00, reflecting higher main business income[16] - Investment cash flow turned negative at -¥156,475,426.17, primarily due to increased investments by Hengtou Venture Capital[16] - Net cash flow from financing activities surged by 467.16% to ¥99,561,183.02, mainly from bond issuance proceeds[16] - The net cash flow from operating activities is CNY 95,408,088.01, an increase from CNY 49,055,082.04 in the previous period[57] - Cash inflow from financing activities was CNY 107,490,737.50, significantly higher than CNY 37,571,383.14 in the previous period, marking an increase of 186.5%[62] Shareholder Information - The company reported a total of 23,969 common shareholders at the end of the reporting period[11] - The largest shareholder, Zhuhai Shiyou Chemical Co., Ltd., holds 42.60% of the shares[11] Government Support - The company received government subsidies amounting to CNY 6,941,287.38 during the reporting period[8] Investment and Financial Assets - Trading financial assets increased by 134.43% to ¥198,328,509.59 due to increased investments in Hengtou Trust[15] - Accounts receivable rose by 64.96% to ¥80,120,203.91, primarily due to increased factoring business from Hengxuda[15] - Prepayments surged by 221.48% to ¥4,469,729.15, attributed to increased service fee prepayments by Zhuhai Hengji[15] - Short-term borrowings increased by 58.93% to ¥148,303,292.50, mainly due to increased borrowings by Hong Kong Hengji[15] - Financial expenses rose by 66.43% to ¥8,314,085.77, driven by increased interest from bond issuance and loans[16] Research and Development - Research and development expenses for Q3 2019 were CNY 3,437,736.82, slightly up from CNY 3,293,610.19 in Q3 2018[40] - The company experienced a decrease in research and development expenses, reporting CNY 1,850,766.12 in Q3 2019, down from CNY 1,925,769.46 in Q3 2018[44] Risk Management - The company reported no overdue amounts in its entrusted wealth management products, indicating effective risk management[23] - The company did not experience any expected inability to recover principal in entrusted wealth management during the reporting period[25]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 131,391,149.95, representing a 4.96% increase compared to CNY 125,177,735.12 in the same period last year[17]. - The net profit attributable to shareholders decreased by 23.61% to CNY 25,251,988.13 from CNY 33,056,439.42 year-on-year[17]. - The net profit after deducting non-recurring gains and losses fell by 26.48% to CNY 22,232,046.12 compared to CNY 30,239,415.57 in the previous year[17]. - The basic earnings per share decreased by 23.53% to CNY 0.0624 from CNY 0.0816 in the same period last year[17]. - The company reported a total profit distribution of CNY -20,250,000.00, which includes allocations to shareholders[181]. - The total profit for the first half of 2019 was CNY 15,799,913.84, a decrease from CNY 32,623,028.71 in the same period of 2018, indicating a decline of approximately 51.6%[151]. - The net profit for the first half of 2019 was CNY 11,847,767.42, down from CNY 30,007,317.14 in the previous year, representing a decrease of about 60.5%[152]. - The company reported a comprehensive income of 23,842,576.33 CNY for the current period, compared to 11,798,858.99 CNY in the previous period, reflecting improved profitability[161]. Cash Flow and Liquidity - The net cash flow from operating activities significantly improved to CNY 51,138,637.89, a 234.11% increase from a negative CNY 38,132,142.51 in the same period last year[17]. - Cash and cash equivalents increased by 121,191,833.72 RMB, marking a significant growth of 477.86%[35]. - Cash and cash equivalents increased to CNY 330,048,961.99 from CNY 208,207,128.27, marking a growth of approximately 58.49%[135]. - The net cash flow from financing activities for the first half of 2019 was CNY 135,741,332.59, a recovery from a negative cash flow of CNY -45,650,710.36 in the same period of 2018[156]. - The net cash flow from investment activities was -6,120,399.43 CNY, a significant decrease compared to 61,065,119.51 CNY in the previous period, indicating a decline in investment performance[159]. - The total cash inflow from investment activities in the first half of 2019 was CNY 240,435,425.60, down from CNY 724,220,200.27 in the previous year, indicating a decrease of approximately 66.8%[155]. Assets and Liabilities - Total assets increased by 10.05% to CNY 1,714,992,783.71 from CNY 1,558,327,881.27 at the end of the previous year[17]. - The company's total liabilities amounted to CNY 140,446,122.73, significantly higher than CNY 45,841,829.74 reported previously[143]. - Total liabilities rose to RMB 454,687,028.88 from RMB 303,557,995.21, indicating an increase of around 49.73%[138]. - Short-term borrowings rose to CNY 159,936,793.68, which is 9.33% of total assets, an increase from 7.19% the previous year[44]. - The company's equity attributable to shareholders reached RMB 1,250,910,864.38, slightly up from RMB 1,243,248,352.88, showing a marginal increase of about 0.54%[138]. Business Operations - The company operates primarily in the petrochemical logistics sector, providing loading and storage services in key industrial regions[24]. - The company has advanced storage and terminal facilities, enhancing its service capabilities in the petrochemical industry[24]. - The company operates in the warehousing industry, primarily handling bulk liquid petrochemical products, including terminal loading, storage, transshipment, pipeline transportation, and bonded operations[183]. - The company's main business revenue from the warehousing sector decreased by 8.44% to 55,669,277.75 RMB[37]. - The total revenue for the handling sector was CNY 61,695,209.03, with a year-over-year increase of 9.78%[39]. Financial Management - The company issued bonds totaling 1 billion RMB with a coupon rate of 5.50% during the reporting period[31]. - The company's financial expenses rose by 83.69% to 5,245,789.10 RMB, primarily due to increased loan interest expenses[34]. - The company has obtained a comprehensive credit limit of 100 million RMB from China Bank for issuing corporate bonds and for working capital[125]. - The company strictly adhered to the commitments outlined in the bond issuance prospectus, ensuring no adverse effects on bondholders' interests[129]. Risks and Challenges - The company faces risks related to fluctuations in the petrochemical industry, human resource retention, environmental and safety compliance, and declining customer demand[66][67][68][69]. - The company faces risks from intensified market competition due to increased storage tank capacity in Zhuhai and Yangzhou, which may pressure customer retention and expansion[70]. Shareholder Information - The total number of shares outstanding is 405,000,000, with 98.30% being unrestricted shares[102]. - The total number of common shareholders at the end of the reporting period is 24,706[104]. - Zhuhai Shiyou Chemical Co., Ltd. holds 42.60% of the shares, amounting to 172,530,000 shares, which are pledged[104]. - The top ten shareholders include Zhuhai Shiyou Chemical Co., Ltd. (42.60%), Zhuhai Hengrong Runye Equity Investment Partnership (2.69%), and Zhang Xinyu (2.26%)[104]. Corporate Governance - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[106]. - The company maintains a stable management structure with no changes in directors, supervisors, or senior management during the reporting period[110]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[79]. - The company has not conducted any significant related party transactions during the reporting period[83]. Accounting and Reporting - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status and operating results[188]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its operational viability[186]. - All subsidiaries included in the consolidated financial statements adopt accounting policies and periods consistent with the company, with necessary adjustments made if discrepancies exist[199].

Financial Performance - The company's operating revenue for Q1 2019 was ¥64,754,273.08, representing a 16.78% increase compared to ¥55,450,298.86 in the same period last year[9] - The net profit attributable to shareholders was ¥15,739,866.04, up 43.55% from ¥10,964,975.82 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥14,119,840.91, reflecting a 51.52% increase from ¥9,318,593.15 in the previous year[9] - The basic earnings per share increased to ¥0.0389, a rise of 43.54% compared to ¥0.0271 in the same period last year[9] - The company's net profit for Q1 2019 was CNY 17,268,502.41, reflecting a significant increase compared to the previous year's profit[39] - The net profit for Q1 2019 reached CNY 14,234,403.21, representing a 44.5% increase from CNY 9,848,536.14 in Q1 2018[40] - The total comprehensive income for Q1 2019 was CNY 14,107,360.26, compared to CNY 11,764,586.78 in the previous year, reflecting a growth of 19.8%[41] - The company's operating profit for Q1 2019 was CNY 19,015,765.51, an increase of 46.2% from CNY 13,002,068.11 in Q1 2018[40] - The total profit for Q1 2019 was CNY 19,017,388.74, up 47.5% from CNY 12,867,961.83 in the same quarter last year[40] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,612,589,460.47, which is a 3.48% increase from ¥1,558,327,881.27 at the end of the previous year[9] - The total assets as of March 31, 2019, amounted to CNY 1,192,727,801.21, slightly up from CNY 1,189,775,514.96 at the end of 2018[36] - The total liabilities increased to CNY 343,319,424.13 in Q1 2019 from CNY 303,557,995.21 in the previous year[32] - The company's cash and cash equivalents decreased to CNY 48,458,498.39 from CNY 60,465,624.89 at the end of 2018[35] - The total equity attributable to shareholders increased to CNY 1,258,953,965.99 from CNY 1,243,248,352.88 in the previous year[33] - Current liabilities reached CNY 207,613,608.82, while total liabilities were CNY 303,557,995.21[58] - Shareholders' equity totaled CNY 1,254,769,886.06, with a capital reserve of CNY 419,841,382.03[60] Cash Flow - The net cash flow from operating activities was ¥6,483,817.18, down 78.79% from ¥30,568,418.97 in the same period last year[9] - Net cash flow from investing activities dropped significantly by 473.01% to -¥49,102,308.20 from ¥13,163,748.94, mainly due to increased purchases of government bonds[19] - Net cash flow from financing activities increased by 256.10% to ¥50,687,230.44 from -¥32,470,004.16, primarily due to increased bank loans[19] - Total cash inflow from investment activities was ¥120,018,310.35, down 56.5% from ¥275,383,303.63 year-on-year[49] - The net cash flow from investment activities was -¥49,102,308.20, contrasting with a positive cash flow of ¥13,163,748.94 in the previous year[49] - Cash inflow from financing activities totaled ¥56,712,262.50, significantly higher than ¥10,000.00 in the same quarter last year[49] - The net increase in cash and cash equivalents was ¥6,528,771.07, compared to an increase of ¥9,927,594.62 in Q1 2018[49] - Total cash outflow from operating activities was ¥132,451,403.17, down 17.6% from ¥160,730,274.80 year-on-year[48] Investments and Expenses - Trading financial assets increased by 38.16% to ¥116,880,000 compared to ¥84,600,000 in the previous year, primarily due to increased purchases of government bonds[19] - Prepayments rose by 84.95% to ¥2,571,443.94 from ¥1,390,379.33, mainly due to increased service fees prepaid by Zhuhai Hengji and supplier payments in Wuhan[19] - Other debt investments surged by 128.02% to ¥24,258,163.99 from ¥10,638,571.09, attributed to increased bond investments by Xinwei International[19] - Short-term borrowings increased by 57.81% to ¥147,260,622.50 from ¥93,315,300.00, mainly due to loans obtained by Hong Kong Hengji and Wuhan Hengji[19] - Income tax expenses rose by 58.41% to ¥4,782,985.53 from ¥3,019,425.69, reflecting increased income tax provisions due to revenue growth[19] - Other income decreased by 30.15% to ¥1,364,091.86 from ¥1,952,800.41, mainly due to reduced government subsidies received by Zhuhai Hengji[19] - The company reported a decrease in research and development expenses to CNY 2,626,953.46 from CNY 3,202,917.01 year-over-year[38] - The research and development expenses for Q1 2019 were CNY 1,312,890.33, down 23.7% from CNY 1,721,120.69 in the previous year[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,824[14] - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[63]

Financial Performance - The company's operating revenue for 2018 was CNY 254,570,947.09, representing a 12.39% increase compared to CNY 226,499,972.18 in 2017[16] - The net profit attributable to shareholders for 2018 was CNY 57,583,373.58, a decrease of 11.36% from CNY 64,961,227.63 in 2017[16] - Basic earnings per share for 2018 were CNY 0.1422, down 11.35% from CNY 0.1604 in 2017[16] - The net profit after deducting non-recurring gains and losses was CNY 49,377,320.88, a slight decrease of 1.43% from CNY 50,093,093.91 in 2017[16] - The company achieved a total revenue of ¥234,887,336.53 for the reporting period, representing a year-on-year growth of 10.05%[34] - The net profit attributable to shareholders for the reporting period was ¥57,583,373.58, reflecting a year-on-year decline of 11.36% due to increased tax expenses[34] Cash Flow - The net cash flow from operating activities decreased by 29.25% to CNY 108,125,382.67 in 2018, down from CNY 152,831,267.76 in 2017[16] - The net cash flow from operating activities showed a significant fluctuation, with a negative cash flow of -¥68,700,561.48 in Q2, followed by a recovery to ¥87,187,224.55 in Q3 and ¥59,070,300.63 in Q4[20] - The net cash flow from operating activities was ¥108,125,382.67, a decrease of 29.25% year-on-year, primarily due to increased payments in supply chain and factoring businesses[35] - The net cash flow from investing activities was ¥10,739,290.84, an increase of 136.69% year-on-year, mainly due to the recovery of investments from Zhuhai Hengji and Hengtou Venture Capital[35] - The net cash flow from financing activities was -¥90,605,660.09, a decrease of 26.74% year-on-year, primarily due to loan repayments by Wuhan Hengji and Yangzhou Hengji[35] Assets and Liabilities - The total assets at the end of 2018 were CNY 1,558,327,881.27, a decrease of 0.93% from CNY 1,572,987,336.65 at the end of 2017[16] - The net assets attributable to shareholders increased by 3.18% to CNY 1,243,248,352.88 at the end of 2018, compared to CNY 1,204,925,193.03 at the end of 2017[16] - The company's total assets at the end of 2018 amounted to ¥1,563,000,000, with cash and cash equivalents increasing to ¥208,207,128.27, representing 13.36% of total assets, up from 10.65% in 2017[52] - The company’s fixed assets accounted for 50.23% of total assets at the end of 2018, slightly up from 50.08% in 2017, indicating stability in asset composition[52] - The company’s receivables decreased to ¥48,569,318.02, representing 3.12% of total assets, down from 4.61% in 2017, reflecting improved cash collection[52] Dividends - The company plans to distribute a cash dividend of CNY 0.40 per 10 shares, based on a total of 405,000,000 shares[5] - The proposed dividend distribution is subject to approval at the 2018 annual general meeting[85] - The cash dividend for 2017 was CNY 20,250,000.00, which was 31.17% of the net profit attributable to shareholders for that year[88] - The cash dividend for 2016 was CNY 16,200,000.00, which accounted for 36.51% of the net profit attributable to shareholders for that year[88] - The company has maintained a consistent cash dividend policy over the past three years, with dividends distributed in 2016, 2017, and 2018[87] Research and Development - The company increased its R&D expenses to ¥12,724,681.98 in 2018, a 99.97% increase from ¥6,363,453.95 in 2017, primarily due to increased R&D activities in Yangzhou Hengji[48] - The number of R&D personnel rose to 61 in 2018, representing a 110.34% increase from 29 in 2017, with R&D personnel now accounting for 11.89% of the total workforce[49] - The company completed 15 R&D projects in 2018, focusing on improving efficiency and safety in storage and unloading services, as well as enhancing environmental protection technologies[48] Market and Competition - The company anticipates challenges from increased competition in the storage market, particularly in Zhuhai and Yangzhou regions[79] - The company reported a risk of industry volatility affecting performance due to reliance on large petrochemical producers and traders[75] - The company faces risks related to talent retention and recruitment as competition for skilled personnel intensifies[76] Governance and Compliance - The company maintains a strict internal control system to protect the rights of shareholders and creditors[126] - The company has established a management system for safety production and environmental protection, aligning economic and social benefits[126] - The company has a comprehensive performance evaluation system for senior management, linking performance to compensation[178] - The company has a clear salary policy linking compensation to performance, aimed at motivating employees[165] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,807, an increase from 28,839 at the end of the previous month[140] - The largest shareholder, Zhuhai Shiyou Chemical Co., Ltd., holds 42.60% of the shares, totaling 172,530,000 shares, with no change during the reporting period[141] - The company reported a total share count of 405,000,000, with 87.19% being unrestricted shares[134] Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[158] - New product launches are expected to contribute an additional 200 million RMB in revenue next year[157] - The company plans to enhance its digital infrastructure, allocating 50 million RMB for technology upgrades in the coming year[158]

Financial Performance - Operating revenue for the reporting period was ¥66,185,684.54, representing a year-on-year growth of 20.17%[8] - Net profit attributable to shareholders was ¥18,933,921.76, a significant increase of 91.17% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,769,982.10, up 112.26% year-on-year[8] - Basic earnings per share for the reporting period was ¥0.0468, reflecting a growth of 91.02% compared to the same period last year[8] - The weighted average return on equity was 1.54%, an increase from 0.71% at the end of the previous year[8] - The net cash flow from operating activities was ¥87,187,224.55, an increase of 100.97% compared to the same period last year[8] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,783[12] - The largest shareholder, Zhuhai Shiyou Chemical Co., Ltd., holds 42.60% of the shares, totaling 172,530,000 shares[12] Asset Changes - Total assets at the end of the reporting period reached ¥1,598,497,182.90, an increase of 1.62% compared to the end of the previous year[8] - Accounts receivable increased by 778.18% to ¥50,205,938 due to the factoring business of Hengxuda[16] - Prepayments rose by 156.19% to ¥1,242,154, primarily due to increased prepayments for letter of credit fees[16] - Other receivables increased by 71.54% to ¥83,461,571, mainly from increased supply chain receivables[16] - Investment properties surged by 1244.59% to ¥31,948,119 due to the acquisition of office buildings[16] Financial Management - Financial expenses decreased by 55.46% to ¥4,995,656, attributed to increased interest income and reduced loan interest[18] - Operating cash flow decreased by 51.71% to ¥49,055,082, mainly due to increased payments in the factoring business[18] - Investment cash flow increased by 137.00% to ¥23,443,880, driven by increased recoveries from financial investments[18] - Total entrusted financial management amounted to ¥17,545,000, with a remaining balance of ¥8,399,000[26] Compliance and Projections - The company reported no significant changes in its non-recurring gains and losses classification during the reporting period[10] - The company reported no violations regarding external guarantees or non-operating fund occupation during the reporting period[23][24] - The estimated net profit for 2018 is projected to range from ¥55,217 to ¥74,705, reflecting a change of -15.00% to 15.00% compared to 2017[20]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 125,177,735.12, representing a 16.51% increase compared to CNY 107,438,651.14 in the same period last year[17]. - The net profit attributable to shareholders decreased by 14.79% to CNY 33,056,439.42 from CNY 38,795,422.30 year-on-year[17]. - Basic earnings per share fell by 14.82% to CNY 0.0816 from CNY 0.0958 in the same period last year[17]. - The company achieved a revenue of 125,177,735.12 CNY in the reporting period, representing a year-on-year growth of 16.51% due to the operational commencement of the Yangzhou Hengji expansion project[36]. - The net profit attributable to shareholders decreased by 14.79% to 33,056,439.42 CNY, primarily due to reduced investment income and increased tax expenses[33]. - Total operating revenue for the first half of 2018 was CNY 125,177,735.12, an increase of 16.5% compared to CNY 107,438,651.14 in the same period of 2017[137]. - Net profit for the first half of 2018 was CNY 31,083,403.85, a decrease of 15.5% from CNY 36,778,594.05 in the previous year[138]. - The company reported a total profit of CNY 39,621,018.97, a decrease of 5.7% compared to CNY 41,812,297.42 in the previous year[137]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at CNY -38,132,142.51, a decline of 165.52% compared to CNY 58,199,329.13 in the previous year[17]. - The company's cash and cash equivalents decreased by 32,073,531.78 CNY, a decline of 150.68%, due to increased business payments and loan repayments[37]. - Operating cash inflow totaled CNY 340,937,290.52, up from CNY 207,088,389.66 in the previous period, representing a 64.3% increase[145]. - Cash inflow from investment activities was CNY 724,220,200.27, significantly higher than CNY 396,944,385.66 in the previous period, marking an 82.3% increase[146]. - The ending cash and cash equivalents balance was CNY 123,775,644.70, down from CNY 167,959,526.71 in the previous period[146]. - Total current assets decreased slightly to CNY 448,886,426.41 from CNY 449,747,445.70, a decline of 0.2%[128]. - Total liabilities decreased to CNY 325,308,783.75 from CNY 351,499,939.16, a reduction of 7.4%[129]. - The total equity attributable to the parent company at the end of the current period is CNY 1,221,487,397.49, compared to CNY 1,173,717,340.98 at the end of the previous period, reflecting an increase of approximately 4.06%[157]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,558,595,040.23, a decrease of 0.91% from CNY 1,572,987,336.65 at the end of the previous year[17]. - The company's total liabilities amounted to CNY 50,374,141.33, while total equity reached CNY 1,136,343,252.51[134]. - The company's available-for-sale financial assets decreased by 1.89% to 10,363,131.16 CNY from 20,288,396.34 CNY, with a fair value loss of 383,193.39 CNY during the reporting period[50]. - Accounts receivable increased significantly to ¥107,967,715.55, representing 6.93% of total assets, attributed to the growth in factoring business[47]. - The company's long-term receivables decreased by 2,749,327.85 CNY, a reduction of 100%, due to the recovery of financing lease payments[26]. Operational Highlights - The company operates primarily in the petrochemical logistics sector, providing loading and storage services in key industrial regions[24]. - Revenue from the warehousing sector was ¥60,803,537.77, accounting for 48.57% of total revenue, with a year-over-year growth of 17.44%[39]. - Revenue from the handling sector was ¥56,197,199.93, making up 44.89% of total revenue, reflecting a year-over-year increase of 14.45%[39]. - Domestic revenue constituted ¥117,000,737.70, which is 93.47% of total revenue, showing a growth of 15.99% compared to the previous year[40]. - The company plans to expand into the health industry, financing leasing, commercial factoring, and supply chain services to enhance overall profitability[75]. Shareholder Information - The total number of shares after the recent changes is 405,000,000, with 98.30% being unrestricted shares[106]. - The largest shareholder, Zhuhai Shiyou Chemical Co., Ltd., held 42.60% of the shares, totaling 172,530,000 shares[112]. - The total number of shareholders at the end of the reporting period was 27,887[111]. - A total of 51,870,178 restricted shares were released during the reporting period, with 45,001,920 shares being unlocked[109]. Risks and Challenges - The company faces risks from fluctuations in the petrochemical industry, which significantly affect client operations and order stability[69]. - There is a risk of talent loss due to increased competition and rapid project advancements, which may hinder long-term development[71]. - Environmental and safety risks are heightened due to stringent regulations in the petrochemical logistics sector, potentially increasing operational costs[72]. Corporate Governance and Compliance - The company did not engage in any significant equity or non-equity investments during the reporting period[54][60]. - No significant legal disputes or penalties were reported during the period[83][84]. - The company has no significant doubts regarding its ability to continue as a going concern for at least 12 months from the end of the reporting period[179]. - The financial report for the first half of the year was not audited[125].

Financial Performance - The company's operating revenue for 2017 was ¥226,499,972.18, representing an increase of 8.28% compared to ¥209,173,151.83 in 2016[6]. - The net profit attributable to shareholders for 2017 was ¥64,961,227.63, a significant increase of 46.41% from ¥44,370,801.77 in 2016[6]. - The net profit after deducting non-recurring gains and losses was ¥50,093,093.91, up by 29.19% from ¥38,775,925.36 in 2016[6]. - The net cash flow from operating activities reached ¥127,171,267.76, an increase of 15.13% compared to ¥110,454,398.45 in 2016[6]. - The total assets at the end of 2017 were ¥1,572,987,336.65, reflecting a growth of 2.32% from ¥1,537,385,251.06 at the end of 2016[6]. - The net assets attributable to shareholders increased by 4.37% to ¥1,204,925,193.03 at the end of 2017 from ¥1,154,440,882.25 at the end of 2016[6]. - The company reported a basic earnings per share of ¥0.1604, which is a 46.35% increase from ¥0.1096 in 2016[6]. - The weighted average return on equity improved to 5.47% in 2017, up from 3.93% in 2016[6]. - The company achieved operating revenue of CNY 226.5 million, representing a year-on-year growth of 8.28%[40]. - Net profit attributable to shareholders reached CNY 64.96 million, an increase of 46.41% compared to the previous year[40]. - The company reported a net profit of CNY 36,964,585.61 for 2017, with a proposed cash dividend of CNY 20,250,000.00, equating to CNY 0.50 per share[104]. Dividend Policy - The company reported a profit distribution plan, proposing a cash dividend of 0.50 RMB per 10 shares, based on a total of 405,000,000.00 RMB[11]. - The cash dividend payout ratio for 2017 was 31.17% of the net profit attributable to shareholders, compared to 36.51% in 2016 and 33.19% in 2015[102]. - The company has not made any adjustments to its cash dividend policy during the reporting period, adhering to the shareholder return plan established for 2015-2017[96]. - The company plans to distribute dividends in cash, stock, or a combination, with a minimum of 30% of the average distributable profit over the last three years to be distributed in cash[108]. - The company will ensure that cash dividends are only distributed if the annual profit is positive and can support ongoing operations and long-term development[108]. - The company has committed to a minimum cash dividend ratio of 80% for mature stages without significant capital expenditures, 40% for mature stages with significant expenditures, and 20% for growth stages with significant expenditures[108]. Business Strategy and Expansion - The company plans to diversify into the health industry, financial leasing, commercial factoring, and supply chain services to enhance overall profitability[11]. - The company plans to continue expanding its petrochemical logistics and storage services in the Pearl River Delta, Yangtze River Delta, and Central China regions[31]. - The company aims to develop new business areas such as health industry, financial leasing, and supply chain services to diversify its revenue streams[86]. - The company plans to invest CNY 180 million in a health industry merger fund, with CNY 150 million already raised[40]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2020[179]. - The company is actively pursuing opportunities for mergers and acquisitions to enhance its market position and service capabilities[171]. Risks and Challenges - The company faces risks from fluctuations in the petrochemical industry, which significantly impact client operations and order stability[6]. - There is a risk of decreased customer demand due to mismatches between storage tank types and client needs, influenced by international oil prices and macroeconomic conditions[7]. - Increased competition in the petrochemical logistics sector is noted, particularly in the Pearl River Delta and Yangtze River Delta regions, affecting customer retention and expansion costs[9]. - The company recognizes risks related to fluctuations in the petrochemical industry, which could impact its performance due to dependency on major clients[87]. - The company faces environmental and safety risks due to the nature of its operations involving hazardous materials[89]. Operational Efficiency and Management - The company has a governance structure that complies with relevant laws and regulations, ensuring independent operation and fair treatment of all shareholders[187]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements[188]. - The company has implemented a transparent performance evaluation and incentive mechanism for its executives, aiming to attract and retain talent[189]. - The company emphasizes a commitment to social responsibility, including environmental protection and employee welfare[145]. - The company has established a performance-based salary policy to motivate employees, linking salary increases to annual economic performance and individual assessments[183]. Financial Management and Investments - The company provided guarantees totaling RMB 42,000 million to its subsidiaries, with actual guarantees amounting to RMB 10,128.01 million[132]. - The total amount of guarantees provided by the company accounted for 17.53% of its net assets[131]. - The company engaged in various bank wealth management products with fixed interest rates ranging from 3.10% to 3.60%[137]. - The company’s cash management strategy includes a focus on low-risk, principal-protected financial products[137]. - The company’s financial management practices have resulted in a total return of RMB 8.07 million from its wealth management investments during the reporting period[137]. Shareholder Structure - The company’s stock is listed on the Shenzhen Stock Exchange under the code 002492, reflecting its public trading status[18]. - The largest shareholder, Zhuhai Shiyou Chemical Co., Ltd., holds 42.60% of the shares, totaling 172,530,000 shares[158]. - The company has 27,762 shareholders at the end of the reporting period[158]. - The top 10 unrestricted shareholders hold a total of 182,000,000 shares, with Zhuhai Shiyou Chemical Co., Ltd. being the largest shareholder with 165,030,000 shares[159]. - The company’s actual controller is the chairwoman of Zhuhai Shiyou Chemical Co., Ltd., indicating a family relationship with one of the directors[158]. Employee and Talent Management - The total number of employees in the company is 500, with 222 in the parent company and 278 in major subsidiaries[181]. - The company has a professional composition of 288 production personnel, 50 sales personnel, 63 technical personnel, 14 financial personnel, and 85 administrative personnel[181]. - The company has developed a training program focusing on management strategy, industry communication, and market analysis, as well as technical qualifications[184]. - The company maintains a strong focus on talent development and employee engagement as part of its corporate culture[146]. Compliance and Governance - The company has established a complete governance structure, including a shareholders' meeting, board of directors, and supervisory board, ensuring independent operational management[193]. - The company has an independent financial department with a separate accounting system and bank accounts, ensuring no shared accounts with the controlling shareholder[193]. - The company has a fully independent business operation system, with no mixed operations with the controlling shareholder[192]. - The company has fulfilled all commitments made regarding the reduction and regulation of related party transactions during the reporting period[106].

Financial Performance - The company's operating revenue for 2017 was ¥226,499,972.18, representing an increase of 8.28% compared to ¥209,173,151.83 in 2016[6]. - The net profit attributable to shareholders for 2017 was ¥64,961,227.63, a significant increase of 46.41% from ¥44,370,801.77 in 2016[6]. - The net profit after deducting non-recurring gains and losses was ¥50,093,093.91, up by 29.19% from ¥38,775,925.36 in 2016[6]. - The net cash flow from operating activities reached ¥127,171,267.76, reflecting a 15.13% increase from ¥110,454,398.45 in 2016[6]. - The total assets at the end of 2017 amounted to ¥1,572,987,336.65, which is a 2.32% increase from ¥1,537,385,251.06 at the end of 2016[6]. - The net assets attributable to shareholders increased by 4.37% to ¥1,204,925,193.03 from ¥1,154,440,882.25 in 2016[6]. - The company reported a basic earnings per share of ¥0.1604, up 46.35% from ¥0.1096 in 2016[6]. - The weighted average return on net assets was 5.47%, an increase of 1.54 percentage points from 3.93% in 2016[6]. - The company achieved operating revenue of CNY 226.5 million, representing a year-on-year growth of 8.28%[40]. - Net profit attributable to shareholders reached CNY 64.96 million, an increase of 46.41% compared to the previous year[40]. Dividend Distribution - The company reported a profit distribution plan, proposing a cash dividend of 0.50 RMB per 10 shares, based on a total of 405,000,000.00 RMB[11]. - The company reported a net profit of CNY 36,964,585.61 for 2017, with a proposed cash dividend of CNY 20,250,000.00, equating to CNY 0.50 per share[104]. - The total distributable profit available for shareholders as of December 31, 2017, was CNY 261,080,652.38, after accounting for the legal surplus reserve and previous dividends[104]. - The cash dividend payout ratio for 2017 was 31.17% of the net profit attributable to shareholders, compared to 36.51% in 2016 and 33.19% in 2015[102]. - The company has not made any adjustments to its cash dividend policy during the reporting period, adhering to the shareholder return plan established for 2015-2017[96]. - The company plans to distribute dividends in cash, stock, or a combination, with a minimum of 30% of the average distributable profit over the last three years to be distributed in cash[108]. Business Operations and Strategy - The company operates primarily in the chemical storage sector, serving major domestic and international petrochemical producers and traders[6]. - The company plans to diversify into the health industry, financial leasing, commercial factoring, and supply chain services to enhance overall profitability[11]. - The company plans to continue developing its logistics and warehousing capabilities in the Pearl River Delta, Yangtze River Delta, and Central China regions[31]. - The company plans to expand its business scope and improve market development capabilities through acquisitions and mergers, enhancing its operational structure[77]. - The company aims to strengthen its core competitiveness in the solid hazardous chemical storage service market while leveraging existing facilities and services[82]. - The company intends to diversify its business by actively developing new sectors such as health, financial leasing, commercial factoring, and supply chain services[86]. Risks and Challenges - The company faces risks from fluctuations in the petrochemical industry, which significantly impact client operations and order stability[6]. - There is a risk of decreased customer demand due to mismatches between storage tank types and client needs, influenced by international oil prices and macroeconomic conditions[7]. - Increased competition in the petrochemical logistics sector is noted, particularly in the Pearl River Delta and Yangtze River Delta regions, affecting customer retention and expansion costs[9]. - The company recognizes the increasing costs associated with safety and environmental compliance in the petrochemical logistics industry[89]. - The company has faced risks in developing new businesses due to a lack of deep industry resources in the targeted sectors[92]. Governance and Compliance - The company is committed to improving governance and internal management systems to reduce operational costs and enhance risk control[83]. - The company has established a complete governance structure, including a shareholders' meeting, board of directors, and supervisory board, ensuring independent operational management[193]. - The company has an independent financial department with a separate accounting system and bank accounts, ensuring no shared accounts with the controlling shareholder[193]. - The company maintains compliance with corporate governance standards as per the regulations set by the China Securities Regulatory Commission[191]. - The company has fulfilled its commitments regarding related party transactions and competitive business practices as of the end of the reporting period[106]. Employee and Social Responsibility - The company emphasizes the importance of human resources and plans to enhance talent retention through competitive compensation and a fair promotion mechanism[88]. - The company emphasizes social responsibility and actively engages in environmental protection and public welfare initiatives[190]. - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and managers[189]. - The company adheres to a performance-linked compensation policy, promoting a competitive environment based on annual economic performance and individual assessments[183]. Future Outlook - Future outlook indicates a projected revenue growth of 15% for 2018, driven by market expansion and new product launches[171]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2020[179]. - The company has set a performance guidance for 2018, aiming for a revenue growth of 20%[179]. - New product lines are expected to launch in Q2 2018, projected to contribute an additional 5% to overall revenue[171].