Financial Performance - The company's operating revenue for Q3 2022 was ¥1,376,454,163.35, an increase of 0.67% compared to the same period last year, while the total revenue for the year-to-date was ¥3,498,237,058.73, a decrease of 4.23% year-on-year[5]. - The net profit attributable to shareholders for Q3 2022 was a loss of ¥12,618,732.84, representing a decline of 202.89% year-on-year, and the year-to-date net profit was a loss of ¥39,184,091.79, down 205.05% compared to the previous year[5]. - The basic earnings per share for Q3 2022 was -¥0.02, a decrease of 200.00% year-on-year, and the year-to-date figure was -¥0.07, also down 200.00%[5]. - The company reported a net loss of CNY 91,038,712.70, compared to a loss of CNY 51,854,620.91 in the previous year[21]. - The net profit for Q3 2022 was -64,535,666.13 CNY, a significant decline compared to the net profit of 31,507,329.42 CNY in Q3 2021, representing a year-over-year decrease of approximately 305%[24]. - Operating profit for Q3 2022 was -57,567,783.66 CNY, compared to an operating profit of 44,058,886.28 CNY in the same period last year, indicating a substantial drop[24]. - Total revenue from operating activities was 4,630,978,720.90 CNY, slightly down from 4,925,678,615.43 CNY in Q3 2021, reflecting a decrease of about 6%[26]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥7,387,296,671.82, a decrease of 4.17% from the end of the previous year[5]. - Total assets decreased to CNY 7,387,296,671.82 from CNY 7,709,133,977.74, a reduction of 4.17%[21]. - Total liabilities decreased to CNY 5,161,588,901.56 from CNY 5,382,425,220.24, reflecting a decline of 4.10%[21]. - The company's equity attributable to shareholders decreased to CNY 1,876,591,661.24 from CNY 1,944,075,487.43, a decrease of 3.47%[21]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥120,700,505.48, a significant decrease of 84.57% compared to the previous year[5]. - The cash flow from operating activities showed a net inflow of 120,700,505.48 CNY, a significant decline from 782,066,707.36 CNY in the previous year, marking a decrease of approximately 85%[28]. - The company reported a total investment cash outflow of 183,862,355.36 CNY in Q3 2022, compared to 250,114,790.71 CNY in the previous year, indicating a reduction of approximately 27%[28]. - The company reported a significant reduction in cash outflow due to lower loan repayments compared to the previous year[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,988, with no preferred shareholders having restored voting rights[16]. - The largest shareholder, Fujian Longyan Transportation State-owned Assets Investment Management Co., Ltd., holds 25.71% of the shares, totaling 144,582,815 shares[16]. - The second-largest shareholder, Xingsheng Securities Asset Management, holds 3.39% of the shares, totaling 19,090,000 shares[16]. - The company has a total of 10 major shareholders, with the top three holding a combined 30.84% of the shares[16]. - The company has not reported any financing or securities lending activities among the top 10 shareholders[18]. - The company has a total of 4,216,001 shares pledged by individual shareholder Wang Yuerong, representing 0.75% of the total shares[16]. - The company has a total of 3,834,450 shares held by various asset management plans, each representing 0.68% of the total shares[18]. - The company is actively managing its shareholder structure with a focus on state-owned and institutional investors[16]. Research and Development - Research and development expenses for the year-to-date increased by ¥11,366,300, representing a growth of 52.15% compared to the same period last year, primarily due to R&D activities related to asphalt and new energy vehicles[11]. - Research and development expenses increased to 33,162,416.29 CNY in Q3 2022, up from 21,796,134.13 CNY in Q3 2021, representing a growth of about 52%[24]. Other Income and Expenses - The investment income for the year-to-date decreased by ¥38,487,800, a decline of 98.93%, mainly due to the absence of asset disposals compared to the previous year[13]. - The company reported a significant increase in non-operating income, which rose by ¥3,018,600, representing an increase of 111.86% year-on-year, mainly from penalties received from the termination of a share transfer agreement[13]. - The company incurred financial expenses of 110,832,387.03 CNY in Q3 2022, slightly down from 115,186,804.02 CNY in Q3 2021, showing a decrease of about 4%[24].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,121,782,895.38, a decrease of 7.16% compared to ¥2,285,536,006.88 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was -¥26,565,358.95, representing a decline of 206.11% from a profit of ¥25,035,699.75 in the previous year[21]. - The net cash flow from operating activities decreased by 60.14%, amounting to ¥123,738,543.80 compared to ¥310,437,062.14 in the same period last year[21]. - The basic earnings per share were -¥0.05, down 225.00% from ¥0.04 in the previous year[21]. - The company reported a net profit excluding non-recurring gains and losses of -¥30,788,064.25, a decline of 228.42% from ¥23,973,838.82 in the same period last year[21]. - The company reported a total comprehensive income of -100,261,420.06 yuan for the first half of 2022, compared to 25,736,156.14 yuan in the previous year[154]. - The company reported a net profit margin of 18% for the first half of 2022, an improvement from 15% in the previous year[114]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,616,300,497.04, a decrease of 1.20% from ¥7,709,133,977.74 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were ¥1,859,000,360.94, down 4.38% from ¥1,944,075,487.43 at the end of the previous year[21]. - The company's total liabilities increased to CNY 2,400,846,438.43 as of June 30, 2022, compared to CNY 2,277,133,121.65 at the start of the year[150]. - The company's total non-current assets were RMB 3,800,604,729.62, down from RMB 3,857,371,636.86[145]. - The company's current assets totaled RMB 3,815,695,767.42, slightly down from RMB 3,851,762,340.88 at the start of the year[143]. Revenue Segments - The revenue from the asphalt supply chain segment was ¥1,008,082,417.76, accounting for 47.51% of total revenue, down 11.87% from ¥1,143,872,603.29[41]. - The automotive manufacturing and sales segment generated revenue of ¥382,853,169.37, a slight increase of 0.65% compared to the previous year[42]. - The logistics business, particularly the asphalt supply chain, has become a major focus, with operations expanding through new constructions and acquisitions in regions like Tianjin, Hunan, Anhui, and Fujian[29]. Investment and R&D - Research and development investment increased by 44.29% to ¥18,681,693.38, reflecting a focus on asphalt modification[40]. - The company is investing 1,000 million in research and development for new technologies, focusing on sustainable energy solutions[112]. - The company is investing 1,500 million in research and development for new technologies aimed at enhancing user experience[114]. Risks and Challenges - The company faces risks including production safety accidents and fluctuations in oil and gas prices[4]. - The company emphasizes the importance of safety management and has implemented measures to mitigate risks associated with safety incidents[74]. - Fluctuations in crude oil, refined oil, and natural gas prices pose a risk to the stability of the company's related business performance[73]. Strategic Initiatives - The company emphasizes a strategy of extending its industrial chain, focusing on modern logistics, automotive services, and energy sales to enhance market presence and risk resilience[34]. - The company has established joint ventures for fuel and gas sales, operating 6 gas stations and 1 gas filling station in Longyan, with plans for further expansion[32]. - The company has a clear strategic goal and a well-defined industrial structure, integrating various transportation services into a cohesive system[29]. Shareholder Information - The employee stock ownership plan includes 399 employees holding a total of 9,950,832 shares, representing 1.77% of the company's total equity[81]. - The largest shareholder, Transportation National Investment, holds 25.71% of shares, totaling 144,582,815 shares[131]. - The total number of common shareholders at the end of the reporting period is 45,843[131]. Legal Matters - The company is involved in multiple lawsuits with a total claimed amount of approximately ¥6,000 million, including disputes over equity transfer and contract issues[92]. - The company has successfully recovered ¥689.76 million from Fujian Zhongtian Construction Engineering Co., Ltd. through legal proceedings[92]. - The company has ongoing litigation with a total of ¥2,285.9 million claimed against Zhongjian Road and Bridge Group, with ¥350 million already recovered[93]. Future Outlook - The company has projected a revenue growth of 10% for the upcoming fiscal year, aiming for a target of 22,000 million[112]. - New product launches are expected to contribute an additional 5% to the overall revenue, with three major products scheduled for release in Q3 2022[113]. - Market expansion plans include entering two new international markets by the end of 2023, which is projected to increase market share by 8%[113].

Financial Performance - The company's operating revenue for Q1 2022 was ¥853,168,257.94, a decrease of 0.49% compared to ¥857,330,411.77 in the same period last year[5] - The net profit attributable to shareholders was -¥18,876,408.43, representing a decline of 246.17% from ¥12,914,341.44 in the previous year[5] - The net profit for Q1 2022 was a loss of CNY 24,204,675.95, compared to a profit of CNY 19,599,879.18 in Q1 2021[24] - The company's diluted earnings per share for Q1 2022 was -¥0.03, a decrease of 250.00% compared to ¥0.02 in the same period last year[5] - Basic and diluted earnings per share for Q1 2022 were both -0.03, compared to 0.02 in Q1 2021[24] Cash Flow - The net cash flow from operating activities increased by 133.28% to ¥270,789,456.45, compared to ¥116,077,117.75 in the same period last year[5] - The cash inflow from operating activities amounted to CNY 1,702,178,795.38, an increase of 13.5% compared to CNY 1,499,508,024.94 in the previous period[27] - The cash flow from sales of goods and services was CNY 1,584,480,943.30, up 22.6% from CNY 1,291,814,915.41 in the previous period[27] - The company reported a total cash outflow for operating activities of CNY 1,431,389,338.93, slightly higher than CNY 1,383,430,907.19 in the previous period[27] - The net cash flow from financing activities was CNY 38,980,303.78, recovering from a negative cash flow of CNY 97,924,081.53 in the previous period[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,579,783,885.54, down 1.68% from ¥7,709,133,977.74 at the end of the previous year[5] - Total liabilities increased to CNY 5,303,516,818.57, compared to CNY 5,382,425,220.24 in the previous year, indicating a decrease of 1.46%[20] - The total equity attributable to shareholders decreased by 2.29% to ¥1,899,478,210.32 from ¥1,944,075,487.43 at the end of the previous year[5] Shareholder Information - The total number of common shareholders at the end of the reporting period is 57,406[14] - The largest shareholder, Fujian Longyan Transportation State-owned Assets Investment Management Co., Ltd., holds 25.71% of shares, totaling 144,582,815 shares[14] - The top ten shareholders hold a significant portion of shares, with the first three shareholders alone accounting for over 30% of total shares[14] - The company has a diverse shareholder base, including state-owned enterprises and various asset management plans, indicating a stable investment structure[15] Operational Costs and Expenses - Total operating costs increased to CNY 910,778,607.66, up 3.14% from CNY 880,622,724.62 in the previous year[23] - The gross profit margin decreased due to rising costs in the supply chain for asphalt and other commodities, as well as delays in the automotive manufacturing and sales market[11] - Research and development expenses rose to CNY 7,600,007.03, an increase of 27.6% from CNY 5,953,500.04 in Q1 2021[23] Other Financial Metrics - The company reported a gross profit margin of approximately -6.7% for Q1 2022, down from a positive margin in the previous year[23] - The company received a government subsidy of ¥31,063,000.00 related to new energy vehicles, contributing to the increase in cash flow from operating activities[11] - The company experienced a significant reduction in accounts receivable financing, decreasing by 82.58% to ¥1,710,000.00, primarily due to a reduction in discounted notes[9] Inventory and Receivables - Accounts receivable decreased to ¥718,833,017.87 from ¥971,676,340.62, a decline of about 26%[17] - Inventory increased to ¥400,002,982.56 from ¥255,913,539.14, reflecting a rise of approximately 56.3%[17] - The total amount of other receivables decreased significantly from ¥488,307,119.13 to ¥202,765,554.35, a reduction of about 58.5%[17] Equity Transfer and Negotiations - The company plans to transfer 51% equity of Dongguan Zhongqi Hongyuan Automobile Co., Ltd. for a consideration of ¥21,420.00 million, although the transfer has not yet been completed[16] - The company is actively negotiating to resolve the equity transfer agreement with Shenzhen Kangmeite Technology Co., Ltd. due to legal issues affecting the latter's representative[16] Audit Information - The company did not conduct an audit for the first quarter report[29]

Financial Performance - The company reported a profit distribution plan based on 562,368,594 shares, with a cash dividend of 0.00 CNY per 10 shares and no bonus shares[4]. - The company's operating revenue for 2021 was ¥4,967,508,159.56, representing a 37.99% increase compared to ¥3,599,933,538.06 in 2020[19]. - The net profit attributable to shareholders was ¥13,181,925.90, a significant turnaround from a loss of ¥922,943,990.36 in 2020, marking a 101.43% improvement[19]. - The net cash flow from operating activities reached ¥850,968,665.83, a remarkable increase of 935.18% from ¥82,205,086.04 in the previous year[19]. - The basic earnings per share improved to ¥0.02 from a loss of ¥1.64 in 2020, reflecting a 101.22% increase[19]. - The total assets decreased by 11.59% to ¥7,709,133,977.74 from ¥8,719,754,869.78 at the end of 2020[19]. - The company reported a net asset attributable to shareholders of ¥1,944,075,487.43, a slight increase of 0.61% from ¥1,932,232,646.02 in 2020[19]. - The company experienced a significant increase in non-operating income, totaling ¥76,771,360.47 in 2021, compared to ¥26,491,982.64 in 2020[25]. - In 2021, the company achieved a total operating revenue of CNY 4,967.51 million, representing a year-on-year growth of 37.99%[41]. - The net profit attributable to shareholders reached CNY 13.18 million, an increase of 101.43% compared to the previous year[41]. Business Segments - The asphalt supply chain and specialized vehicle manufacturing are key business segments, with asphalt consumption in the road market accounting for 79% of total consumption in 2021[30]. - The asphalt supply chain business, operated by the wholly-owned subsidiary Zhaohua Supply Chain, has a significant market share and offers customized asphalt solutions, positioning the company as a leader in the asphalt supply chain industry[33]. - The company’s passenger transport and station services business saw revenue of CNY 321.26 million, a slight decline of 1.01% year-on-year, with a gross margin of -2.95%[43]. - The company’s subsidiary, Dongguan Zhongqi Hongyuan, achieved revenue of CNY 167.64 million, a significant increase of 201.05% year-on-year, despite a net loss of CNY 53.74 million[42]. - The company holds 100% equity in Zhaohua Supply Chain, which achieved a total revenue of 2,624.21 million CNY in 2021, a year-on-year increase of 73.50%, and a net profit of 12.95 million CNY, up 105.08% from the previous year[97]. Risks and Challenges - The company highlighted risks including production safety accidents, fluctuations in oil and gas prices, and management risks associated with business expansion[4]. - The company has a risk of goodwill impairment that could affect its financial performance[4]. - The company faces significant risks related to safety production accidents, including road traffic accidents, oil and gas safety incidents, and port safety risks, which could lead to substantial economic losses[105]. - Fluctuations in crude oil, refined oil, and natural gas prices pose a risk to the company's automotive passenger transport and sales operations, potentially impacting performance stability[106]. - There is a risk of goodwill impairment due to the increasing number of acquisitions; if the performance of acquired subsidiaries does not meet expectations, it may negatively affect future operating results[107]. Corporate Governance - The company has maintained a strong governance structure, ensuring compliance with relevant laws and regulations, and protecting the rights of all shareholders[111]. - The board of directors consists of 9 members, including 3 independent directors, ensuring effective oversight and decision-making processes[112]. - The supervisory board actively monitors major transactions and compliance with legal obligations, safeguarding the interests of the company and its shareholders[112]. - The company strictly adheres to the information disclosure regulations set by the Shenzhen Stock Exchange, ensuring accurate and timely information for all investors[113]. - The company has established an internal audit system with 4 dedicated auditors to oversee operational quality and financial management[115]. Employee Management - The total number of employees at the end of the reporting period was 4,398, with 1,160 in the parent company and 3,238 in major subsidiaries[140]. - The company has a competitive performance-based salary system to attract and retain talent, ensuring rapid development[142]. - The employee education level shows that 3,028 employees have a high school education or below, while 525 hold a bachelor's degree and 9 have a master's degree[141]. - The company plans to enhance employee training effectiveness and relevance through annual training plans and evaluations[143]. - The company has a total of 88 sales personnel and 156 technical personnel, contributing to its operational capabilities[141]. Financial Management - The company’s total cash inflow from investment activities rose by 412.42% to ¥320,710,676.88 in 2021, while cash outflow increased by 45.47% to ¥518,309,578.98[62]. - The company's net cash flow from financing activities showed a net outflow of ¥917,409,843.00, an increase of 409.24% compared to the previous year[62]. - The company reported a debt fulfillment rate of 100% for all obligations due in 2021, showcasing strong financial health[193]. - The company maintained a consistent debt issuance strategy, with amounts such as CNY 6,000 million and CNY 4,000 million being raised in various periods[196]. - The company reported a stable financial position with no overdue debts, indicating effective financial management practices[195]. Strategic Initiatives - The company plans to expand its market presence with new product launches and technology developments, aiming for a 10% increase in market share by the end of 2022[194]. - New strategic initiatives include potential mergers and acquisitions to enhance operational capabilities and market reach, with a focus on logistics and trade sectors[194]. - The company is exploring partnerships with tech firms to integrate advanced analytics into its operations, enhancing decision-making processes and customer insights[194]. - The company is actively pursuing new technology developments, which are expected to enhance operational efficiency and market competitiveness[196]. - The company has outlined future growth strategies that include market expansion and potential mergers and acquisitions to strengthen its market position[196].

Financial Performance - The company reported no profit distribution for the fiscal year 2020, meaning no cash dividends, bonus shares, or capital reserve transfers to increase share capital[4]. - The company's operating revenue for 2020 was approximately ¥3.60 billion, a decrease of 40.62% compared to ¥6.06 billion in 2019[16]. - The net profit attributable to shareholders was a loss of approximately ¥922.94 million, representing a decline of 974.17% from a profit of ¥105.58 million in 2019[16]. - The net cash flow from operating activities was approximately ¥82.21 million, down 88.06% from ¥688.68 million in 2019[16]. - The total assets at the end of 2020 were approximately ¥8.72 billion, a decrease of 12.44% from ¥9.96 billion at the end of 2019[16]. - The net assets attributable to shareholders decreased by 33.44% to approximately ¥1.93 billion from ¥2.90 billion in 2019[16]. - The company reported a total revenue of CNY 359,993.35 million for 2020, a decrease of 40.62% compared to the previous year[39]. - The net profit attributable to shareholders was CNY -92,294.40 million, reflecting a decline of 974.17%, including a goodwill impairment provision of CNY 54,477.70 million[39]. - The asphalt supply chain business generated revenue of CNY 151,248.04 million, down 15.56% year-on-year, with a net profit of CNY -25,484.12 million, a decrease of 373.65%[39]. - The company has experienced a continuous decline in net profit over the past three years, raising concerns about its ability to continue as a going concern[16]. Business Operations - The company has a total of 6 subsidiaries involved in various sectors including logistics and energy[9]. - The company has been focusing on modern logistics, automotive manufacturing, and sales, and has established a comprehensive transportation service system[26]. - The subsidiary Zhaohua Supply Chain has a significant share in the logistics business, focusing on the asphalt supply chain and has established a complete business chain in this sector[27]. - The company is expanding its electric vehicle manufacturing capabilities, with a focus on pure electric buses and commercial vehicles, and has established a new development ecosystem[28]. - The company operates 35 passenger transport stations, including 5 first-class and 14 second-class stations, with a fleet of 1,305 line buses, 155 tourist buses, 379 taxis, and 657 city buses[30]. - The company has established a joint venture for fuel and natural gas sales in Longyan, operating 7 gas stations and 1 gas filling station, with plans for further expansion in the region[31]. - The company has a leading position in the passenger transport industry in Fujian province, having acquired multiple local transport companies to increase market share[36]. - The company has developed a patented asphalt container for multi-modal transportation, significantly reducing logistics costs and improving product quality[34]. - The company is focusing on extending its industrial chain by engaging in factoring, IT services, and vocational training to enhance integrated development[31]. Risk Management - The company faces significant risks including safety production accidents, price fluctuations of crude oil and refined oil, management risks from rapid expansion, and risks related to mergers and acquisitions[4]. - The company has recognized impairment losses of 53.59 million CNY and 0.89 million CNY on goodwill from acquisitions due to operational performance indicators[32]. - The company is addressing the risks of fluctuating oil and gas prices by implementing cost control measures and price linkage strategies[97]. - The company has established a comprehensive internal control management system for asphalt futures hedging, which is expected to mitigate risks associated with price fluctuations in raw materials[82]. Shareholder and Governance - The company’s legal representative is Wang Yuerong[12]. - The company’s independent directors have fulfilled their responsibilities in protecting the rights of minority shareholders[100]. - The company has a total of 0 preferred shareholders at the end of the reporting period[155]. - The company has a total of 9 current directors, including 3 independent directors, indicating a diverse governance structure[165]. - The independent directors actively participated in board meetings, attending 2 in person and 15 via communication, with no absences reported[189]. - The company has maintained stability in its executive team, with no changes in shareholding among key management personnel during the reporting period[164]. - The company has implemented a performance-based compensation system for senior management, combining a basic salary with a performance salary[194]. - The company has a clear organizational structure with defined responsibilities among its decision-making, supervisory, and management bodies[183]. Future Outlook - The company plans to focus on modern logistics services and the manufacturing of new energy buses and special vehicles in 2021, aiming to enhance its core competitiveness and overall profitability[90]. - The company aims to leverage the opportunities presented by the increasing demand for road construction and maintenance during the 14th Five-Year Plan period[90]. - The company is considering strategic acquisitions to enhance its service portfolio, with a budget of 100 million allocated for potential deals[169]. - The company provided guidance for 2021, expecting revenue growth of 12% to 15%[169]. - The management team emphasized a focus on sustainability initiatives, aiming for a 20% reduction in carbon emissions by 2025[169]. Financial Management - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[3]. - The company has recognized significant goodwill impairment in 2020, reducing its goodwill balance substantially, but remains cautious about future impairment risks[96]. - The company is enhancing its capital management strategies to improve funding efficiency and reduce operational risks through better receivables management and diversified financing channels[94]. - The company has reported a total of 22,600.30 million CNY in related party sales transactions during the reporting period, accounting for 16.58% of total sales[123]. - The company has not provided any guarantees for its controlling shareholders or related parties, ensuring no misuse of company funds[183]. Employee Management - The total number of employees in the company is 4,917, with 1,281 in the parent company and 3,636 in major subsidiaries[177]. - The company emphasizes performance-based compensation and has established effective performance assessment and incentive mechanisms to attract and retain talent[179]. - The company conducts annual training programs to enhance employee skills and evaluates the effectiveness of these training sessions[180].

Financial Performance - The company's operating revenue for 2019 was ¥6,062,892,052.13, a decrease of 11.35% compared to 2018 [16]. - The net profit attributable to shareholders for 2019 was ¥105,579,647.31, down 36.91% from the previous year [16]. - The net profit after deducting non-recurring gains and losses was ¥65,397,604.19, a decline of 50.58% year-on-year [16]. - The basic earnings per share for 2019 was ¥0.19, down 36.67% from ¥0.30 in 2018 [16]. - The total assets at the end of 2019 were ¥9,958,127,174.01, reflecting a 0.79% increase from the end of 2018 [16]. - The net assets attributable to shareholders increased by 1.94% to ¥2,902,907,485.52 at the end of 2019 [16]. - In 2019, the company achieved total operating revenue of CNY 606,289.21 million, a decrease of 11.35% compared to the previous year [35]. - The net profit attributable to shareholders was CNY 10,557.96 million, down 36.91% year-on-year [35]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to ¥688,682,052.31, compared to a negative cash flow of ¥927,387,242.98 in 2018, marking a 174.26% increase [16]. - Operating cash inflow totaled ¥8,445,799,130.77, reflecting a 33.65% increase from ¥6,319,131,647.73 in 2018 [58]. - The company reported a net cash outflow from investment activities of ¥293,844,605.47, a 5.30% decrease from the previous year [60]. - Financing activities generated a net cash inflow of ¥84,404,225.03, down 92.85% from ¥1,181,123,541.73 in 2018 [60]. - The total investment amount for the reporting period was CNY 318,806,000, representing an increase of 82.03% compared to the previous year's investment of CNY 175,137,847.91 [70]. Dividend Distribution - The company plans to distribute a cash dividend of 0.7 yuan per 10 shares to all shareholders, based on a total of 562,368,594 shares [4]. - The 2019 profit distribution plan includes a cash dividend of 0.70 CNY per 10 shares, with no stock dividends or capital reserve transfers, maintaining consistency with the previous year's distribution [98]. - In 2019, the total cash dividend amounted to 39,365,801.58 CNY, representing 37.29% of the net profit attributable to ordinary shareholders [101]. Business Operations and Strategy - The company has established a modern transportation service integrated industry system, focusing on four main business areas: modern logistics, automobile manufacturing and sales, passenger transport services, and sales of refined oil and natural gas [24]. - The logistics business, particularly the asphalt supply chain, has seen significant growth, with the subsidiary Zhaohua Supply Chain holding a leading position in the industry [24]. - The company is actively expanding its logistics network through investments and acquisitions in various regions, including Tianjin, Beijing, Hunan, Anhui, and Fujian [24]. - The company has developed a patented asphalt container for multi-modal transportation, improving logistics efficiency and reducing costs [30]. - The company is focusing on expanding its market presence outside Guangdong and Fujian, establishing 20 authorized maintenance stations [36]. Risk Management - The company faces significant risks including safety production accidents, fluctuations in oil and gas prices, and management risks associated with rapid expansion [4]. - The company is focused on risk management, particularly in safety production, supply chain volatility, and the integration of acquired companies, to mitigate potential operational risks [91]. - The company emphasizes the importance of safety management across its operations, particularly in logistics and transportation, to minimize accident-related risks [93]. Research and Development - Research and development expenses were approximately CNY 90 million, a decrease of 5.58% compared to the previous year [53]. - R&D personnel increased to 128 in 2019, a rise of 16.36% from 110 in 2018 [56]. - The company is focusing on developing new technologies for electric buses and environmental cleaning vehicles, enhancing efficiency and reducing operational costs [54][55]. Shareholder Relations and Governance - The company will enhance investor relations through improved communication and transparency, aiming to boost investor confidence and maximize shareholder value [90]. - The company has committed to fulfilling various promises related to shareholding and performance compensation, with ongoing compliance [102]. - The company emphasizes the protection of minority shareholders' rights, ensuring equal treatment in shareholder meetings [186]. Subsidiaries and Acquisitions - The company transferred 100% equity of its subsidiary Wuyi Transportation and 65% equity of its subsidiary Meizhou Xinyu during the reporting period [110]. - The company has established new subsidiaries including Xinjiang Longxing Construction Engineering Co., Ltd. and Fujian Longzhou Yida Supply Chain Management Co., Ltd. [110]. - The company is exploring potential mergers and acquisitions to strengthen its supply chain, with a budget allocation of 5,000 million for this initiative [131]. Employee and Management Structure - The total number of employees in the company is 5,498, with 1,360 in the parent company and 4,138 in major subsidiaries [180]. - The company emphasizes performance-based compensation to attract and retain talent, ensuring competitive salary structures [182]. - The company has maintained a stable management team with no changes in senior management during the reporting period [170].

龙洲集团股份有限公司 2021 年第三季度报告 龙洲集团股份有限公司 2021 年第三季度报告 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。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗 漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 证券代码：002682 证券简称：龙洲股份 公告编号：2021-069 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 1,367,252,047.01 | 5.73% | 3,652,788,053.89 | 40.20% | ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,285,536,006.88, representing a 74.15% increase compared to ¥1,312,361,699.79 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥25,035,699.75, a significant turnaround from a loss of ¥68,794,782.23 in the previous year, marking a 136.39% improvement[20]. - The net cash flow from operating activities reached ¥310,437,062.14, compared to a negative cash flow of ¥314,731,125.98 in the same period last year, indicating a 198.64% increase[20]. - Basic earnings per share improved to ¥0.04 from a loss of ¥0.12, reflecting a 133.33% increase[20]. - The total assets at the end of the reporting period were ¥8,551,753,403.73, a decrease of 1.93% from ¥8,719,754,869.78 at the end of the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥23,973,838.82, compared to a loss of ¥82,754,154.53 in the same period last year, representing a 128.97% increase[20]. - The company reported a net loss of CNY 34,888,447.93, an improvement from a net loss of CNY 59,924,147.68 in the previous period[150]. - The total comprehensive income for the first half of 2021 was CNY 25,736,156.14, compared to a loss of CNY 75,421,252.97 in the same period of 2020[158]. - The company's net profit for the first half of 2021 reached CNY 48,531,884.97, a significant recovery from a net loss of CNY 3,649,948.01 in the same period of 2020, marking a turnaround of over 1,400%[161]. Revenue Breakdown - The modern logistics business, particularly the asphalt supply chain, generated revenue of CNY 114,387.26 million, up 180.06% compared to the previous year[32]. - The automotive manufacturing, sales, and service segment reported revenue of CNY 38,037.33 million, a 62.02% increase year-on-year[33]. - The passenger transport and station service business generated revenue of CNY 17,363.75 million, reflecting a 29.53% increase from the previous year[33]. - The revenue from the asphalt supply chain reached ¥1,143,872,603.29, representing a year-on-year increase of 180.06%[45]. - The sales revenue from refined oil and natural gas reached CNY 180.88 million, a year-on-year increase of 48.73%[34]. - Total revenue from sales of goods and services amounted to CNY 2,705,925,057.61, up from CNY 1,997,236,817.66 in the previous year, representing an increase of approximately 35.4%[164]. Asset and Liability Management - The total liabilities decreased to CNY 6,157,121,377.86 from CNY 6,317,763,720.10, a reduction of 2.5%[149]. - The company's total assets amounted to CNY 8,551,753,403.73, down from CNY 8,719,754,869.78, indicating a decrease of 1.9%[150]. - The company's total equity decreased slightly to CNY 2,394,632,025.87 from CNY 2,401,991,149.68, a decline of 0.3%[150]. - The total amount of external guarantees approved by the company reached CNY 204,550.41 million, with actual guarantees amounting to CNY 19,061.6 million during the reporting period[114]. - The company has ongoing liabilities of 10,000 million and 8,000 million related to Zhuhai and Beijing Zhongwu, respectively, with maturity dates in June 2020 and September 2020, indicating potential future cash outflows[116]. Risk Management - The company faces significant risks including safety production accidents, price fluctuations of crude oil and natural gas, and management risks associated with rapid expansion[4]. - The company has established a comprehensive internal control management system for futures hedging, ensuring effective risk management[66]. - The company plans to enhance safety management and procurement strategies to mitigate risks associated with market fluctuations[76]. - The company aims to strengthen accounts receivable management to reduce liquidity risks and ensure stable operations[76]. Investment and Development - The company has ongoing investments in major non-equity projects, including the Anhui Zhongzhuang logistics terminal, with a cumulative actual investment of ¥97,294,170.25[57]. - The company plans to continue focusing on the development of specialized vehicles and services, having divested from the passenger vehicle segment[30]. - The company approved an investment of RMB 200 million to establish a wholly-owned subsidiary in Sanya, Hainan[124]. - The company has established 3 new subsidiaries during the reporting period, expanding its operational scope[200]. Shareholder and Governance - The annual shareholders' meeting had a participation rate of 5.58% and approved several reports and resolutions, including the 2020 annual financial report[80]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[82]. - The total number of ordinary shareholders at the end of the reporting period was 23,972[133]. - The largest shareholder, Traffic National Investment, holds 29.10% of the shares, totaling 163,672,815 shares[134]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period[81]. Legal Matters - The company is involved in a lawsuit regarding a performance commitment from the acquisition of Tianjin Manli, with a disputed amount of CNY 42.76 million[95]. - The company has initiated legal proceedings against Tianjin Shenzhou Tiandun Automobile Club for a total claim of CNY 9.06 million, which is currently under enforcement[96]. - The company has won a lawsuit against Fujian Zhongtian Construction Engineering Co., claiming CNY 6.89 million, with enforcement in progress[96]. - The company has successfully recovered CNY 3.5 million from Zhongjian Road and Bridge Group as part of a settlement agreement[97]. Operational Efficiency - The company’s cash flow from operating activities showed a positive trend, indicating improved operational efficiency[169]. - The company’s R&D investment decreased by 21.01% to CNY 15.25 million, reflecting a strategic shift in resource allocation[41]. - The company has implemented a professional operational team for futures trading, enhancing decision-making and operational efficiency[66].

Financial Performance - The company reported no profit distribution for the year 2020, meaning no cash dividends, bonus shares, or capital reserve transfers to increase share capital [4]. - The company's operating revenue for 2020 was approximately ¥3.60 billion, a decrease of 40.62% compared to ¥6.06 billion in 2019 [16]. - The net profit attributable to shareholders was a loss of approximately ¥918 million, representing a decline of 852.53% from a profit of ¥122 million in 2019 [16]. - The net cash flow from operating activities was approximately ¥82 million, down 88.06% from ¥689 million in 2019 [16]. - The total assets at the end of 2020 were approximately ¥8.72 billion, a decrease of 12.44% from ¥9.96 billion at the end of 2019 [16]. - The net assets attributable to shareholders decreased by 33.32% to approximately ¥1.93 billion from ¥2.90 billion at the end of 2019 [16]. - The company reported a basic and diluted earnings per share of -¥1.63, a decline of 840.91% from ¥0.22 in 2019 [16]. - The company reported a total revenue of CNY 359,993.35 million for 2020, a decrease of 40.62% compared to the previous year [39]. - The net profit attributable to shareholders was CNY -91,799.72 million, representing a decline of 852.53%, including a goodwill impairment provision of CNY 54,477.70 million [39]. Risks and Challenges - The company faces significant risks including safety production accidents, price fluctuations of crude oil and refined oil, management risks from rapid expansion, and risks related to mergers and acquisitions [4]. - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profits over the past three years [16]. - The company has identified management risks associated with rapid expansion and diversification of operations [97]. - The company is exposed to price fluctuation risks of crude oil, refined oil, and natural gas, which could impact operational stability [96]. - The company faces risks related to safety production accidents, particularly in logistics and transportation sectors [96]. Business Operations - The company has a total of 6 subsidiaries involved in various sectors including logistics and energy [9]. - The company has established a modern logistics service system, including asphalt supply chain and logistics park operations, with ongoing expansions in various regions [26]. - The automotive manufacturing segment focuses on the research, development, and sales of new energy buses and special vehicles, with a significant presence in southern China [28]. - The company has developed a new ecosystem integrating R&D, manufacturing, and service for new energy vehicles, positioning itself as a rising force in the industry [28]. - The company operates a subsidiary, Changfeng Special Vehicle, which focuses on the R&D and manufacturing of specialized vehicles, including emergency power supply vehicles and mobile energy storage vehicles, and is recognized as a national high-tech enterprise [29]. Investments and Projects - The company has invested approximately 63.25 million CNY in the Anhui Zhongzhuang logistics terminal project and 15.90 million CNY in the Longxing Highway Port project during the reporting period, with significant capital allocated to infrastructure development [32]. - The company has established joint ventures for fuel and natural gas sales in various regions, including 7 gas stations in Longyan and 3 gas stations in Nanping, with ongoing expansion plans in these areas [31]. - The company has ongoing projects with a completion rate of 59.26% for the Longxing Highway Port logistics park, with a total investment of ¥158,997,465.35 [76]. - The company has committed to distributing at least 20% of its annual distributable profits in cash dividends, with the option to issue stock dividends when undistributed profits reach or exceed 100% of the share capital [111]. Governance and Management - The company has a total of 9 current directors, including 3 independent directors, indicating a diverse governance structure [167]. - The management team includes individuals with extensive backgrounds in finance, logistics, and engineering, enhancing the company's operational capabilities [168]. - The company has maintained stability in its leadership, with all current directors and executives serving their terms without significant changes [167]. - The company emphasizes the importance of talent management and aims to build a high-performing executive team [95]. - The company has established an internal audit system with 4 dedicated auditors to oversee financial conditions and compliance with internal controls [188]. Shareholder Information - The company is listed on the Shenzhen Stock Exchange under the stock code 002682 [12]. - The company has not reported any significant new product developments or market expansions in the current fiscal year [106]. - The total number of shares for profit distribution is based on a capital base of 562,368,594 shares [106]. - The company has not engaged in any securities investments during the reporting period [78]. - The company has no foreign shareholding, with 100% of shares held by domestic investors [150]. Future Outlook - The company plans to focus on modern logistics services and expand its market presence during the "14th Five-Year Plan" period, leveraging its core advantages in logistics networks and e-commerce platforms [91]. - The company aims to enhance its product development in the new energy vehicle sector, particularly focusing on electric and hydrogen fuel buses, to align with national policies and market opportunities [92]. - The company will actively manage its funding and financing capabilities to support its growth strategies and operational needs [94]. - The company plans to strengthen capital management and improve the efficiency of fund utilization [95].

Financial Performance - The company's operating revenue for Q1 2021 was ¥857,330,411.77, representing a 69.05% increase compared to ¥507,147,151.51 in the same period last year[7] - The net profit attributable to shareholders was ¥12,914,341.44, a significant turnaround from a loss of ¥15,200,008.34 in the previous year, marking a 184.96% increase[7] - Basic earnings per share rose to ¥0.02 from a loss of ¥0.03, representing a 166.67% improvement[7] - The net profit attributable to shareholders was 129.14 million yuan, reflecting a growth of 184.96% year-on-year[14] - The company's operating profit for Q1 2021 was CNY 27,854,670.63, compared to a loss of CNY 1,996,037.36 in the previous period[40] - The total profit for the period was CNY 28,047,054.34, while the previous period recorded a total loss of CNY 39,629.92[40] - The net profit for Q1 2021 was CNY 19,599,879.18, a significant improvement from a net loss of CNY 14,699,070.58 in the prior period[40] Cash Flow - The net cash flow from operating activities improved to ¥116,077,117.75, compared to a negative cash flow of ¥175,379,219.61 in the same period last year, reflecting a 166.19% increase[7] - Cash inflows from operating activities were CNY 1,499,508,024.94, an increase from CNY 1,160,065,309.90 in the prior period[47] - The net cash flow from operating activities for the first quarter was ¥116,077,117.75, a significant improvement compared to a net outflow of ¥175,379,219.61 in the same period last year[48] - Total cash inflow from financing activities was ¥933,423,389.49, while cash outflow was ¥1,031,347,471.02, resulting in a net cash flow of -¥97,924,081.53[49] - Cash inflow from operating activities totaled ¥872,596,321.00, while cash outflow was ¥824,540,712.30, leading to a net cash flow of ¥48,055,608.70[51] - The company incurred a net cash outflow of ¥126,166,462.98 from investing activities, compared to a net outflow of ¥74,110,869.98 in the previous year[48] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,532,520,466.74, a decrease of 2.15% from ¥8,719,754,869.78 at the end of the previous year[7] - The company's total liabilities decreased to CNY 6,114,575,082.18 from CNY 6,317,763,720.10[33] - The total non-current liabilities increased to CNY 1,818,196,686.01 from CNY 1,723,910,169.72[33] - The company's short-term borrowings rose to approximately ¥1.81 billion, compared to ¥1.77 billion at the end of 2020, showing an increase of about 1.3%[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,504[10] - The largest shareholder, Fujian Longyan Transportation State-owned Assets Investment Management Co., Ltd., held 29.10% of the shares, totaling 163,672,815 shares[10] - The net assets attributable to shareholders increased slightly by 0.48% to ¥1,941,566,699.56 from ¥1,932,232,646.02 at the end of the previous year[7] Inventory and Expenses - The company's inventory increased by 171.44 million yuan, a rise of 40.35%, primarily due to increased asphalt stock[14] - Research and development expenses rose by 4.07 million yuan, a growth of 216.29%, due to delayed spending in the previous year caused by the pandemic[15] - Total operating costs increased to CNY 880,622,724.62 from CNY 566,714,387.86, with operating costs specifically rising to CNY 762,589,359.60 from CNY 468,993,136.91[39] Other Financial Information - The company reported non-recurring gains and losses totaling ¥428,093.00 for the period[8] - The company reported a decrease in income tax expenses by 6.21 million yuan, a decline of 42.38% compared to the previous year[16] - The company did not engage in any repurchase transactions during the reporting period[11] - The company did not engage in any securities investments during the reporting period[20] - The first quarter report was not audited, indicating that the figures presented are preliminary[55]