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]

龙洲集团股份有限公司 2020 年第三季度报告全文 龙洲集团股份有限公司 2020 年第三季度报告 2020-077 2020 年 10 月 1 龙洲集团股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王跃荣、主管会计工作负责人陈海宁及会计机构负责人（会计 主管人员)）廖世雄声明：保证季度报告中财务报表的真实、准确、完整。 2 龙洲集团股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | 28,552,717.61 | 主要是控股子公司福建武夷交 | | | | 通运输股份有限公司出售持有 | | | | 的莆田汽车运输股份有限公司 | | | | ...

Financial Performance - The company's operating revenue for the reporting period was ¥1,312,361,699.79, a decrease of 25.65% compared to ¥1,765,195,715.40 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was -¥68,794,782.23, representing a decline of 234.75% from a profit of ¥51,053,493.06 in the previous year[17]. - The net cash flow from operating activities was -¥314,731,125.98, a decrease of 264.19% compared to ¥191,690,019.29 in the same period last year[17]. - The basic earnings per share were -¥0.12, down 233.33% from ¥0.09 in the previous year[17]. - The weighted average return on net assets was -2.15%, a decrease of 3.93% compared to 1.78% in the previous year[17]. - The net profit after deducting non-recurring gains and losses was -¥82,754,154.53, a decline of 281.11% from ¥45,692,135.48 in the same period last year[17]. - The total operating costs decreased by 15.91% to ¥1,269,281,707.61, reflecting cost-cutting measures in response to declining revenues[43]. - The company reported a significant increase in R&D expenses, which rose to ¥15,526,628.65, up 63.2% from ¥9,520,688.26 in the previous year[158]. - The total comprehensive income for the first half of 2020 was -¥75,421,252.97, compared to ¥48,795,316.78 in the previous year[161]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,855,246,373.03, a decrease of 1.03% from ¥9,958,127,174.01 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were ¥2,799,458,426.04, down 3.40% from ¥2,897,960,738.48 at the end of the previous year[17]. - Current liabilities totaled CNY 4,943,994,398.62, compared to CNY 4,916,048,475.98 in the previous period, reflecting an increase[152]. - Non-current liabilities were CNY 1,604,738,635.56, showing a decrease from CNY 1,614,114,305.68[152]. - The total liabilities reached CNY 6,548,733,034.18, slightly up from CNY 6,530,162,781.66[152]. - Owner's equity totaled CNY 3,306,513,338.85, down from CNY 3,427,964,392.35[153]. Business Operations - The company's logistics business has expanded through investments and acquisitions, establishing logistics parks in multiple regions including Tianjin, Beijing, Hunan, Anhui, and Fujian[25]. - The company's new energy bus business, operated by Dongguan Zhongqi Hongyuan, has become a significant part of its automotive manufacturing and sales, producing electric buses and establishing a comprehensive development ecosystem[27]. - The company's construction of gas stations in collaboration with Sinopec and CNOOC includes 6 gas stations and 2 gas stations in Longyan, with plans for further expansion[28]. - The company's in-progress construction projects increased by ¥95,510,700, a growth of 40.37%, mainly due to logistics park projects in Anhui[30]. - The company has ongoing investments in logistics projects, with a total investment of CNY 303,103,984.86 across multiple projects[59]. Risks and Challenges - The company faces risks including production safety accidents, price fluctuations of crude oil and natural gas, and management risks from rapid expansion[4]. - The company anticipates potential significant changes in cumulative net profit for the period from January to September 2020, indicating a warning of possible losses[77]. - The company plans to strengthen safety management and improve accounts receivable management to mitigate risks associated with operational and financial performance[79]. Legal Matters - The company reported a significant litigation case involving a claim of 42.76 million RMB related to performance commitments from a previous acquisition, which is currently pending in court[88]. - The company has ongoing litigation concerning a dispute over a share transfer amounting to 9.86 million RMB, with a judgment already made in the first instance[88]. - The company has a total of 6 ongoing litigation cases related to various contractual disputes, with amounts involved ranging from 459.1 thousand RMB to 689.76 thousand RMB[89]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The employee stock ownership plan holds 17,013,232 shares, representing 3.03% of the company's total equity, which was released for trading on March 30, 2020[98]. - The company has not made any commitments related to equity incentives for its employees, which may impact employee retention strategies[84]. - The company has not disclosed any other commitments to minority shareholders, reflecting a focus on corporate governance[84]. Future Outlook - The company projects a revenue growth of 15% for the second half of 2020, driven by increased demand in logistics and supply chain services[111]. - Future outlook remains positive, with anticipated improvements in profit margins due to cost optimization strategies[112]. - The company aims to reduce operational costs by 8% through efficiency improvements and technology integration[111].

Financial Performance - Revenue for Q1 2020 was CNY 507,147,151.51, a decrease of 38.80% compared to CNY 828,653,690.01 in the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 15,200,008.34, representing a decline of 249.41% from a profit of CNY 10,173,173.66 in the previous year[7] - Operating profit for the period was -1.996 million yuan, representing a decrease of 113.74% compared to the previous year[17] - The net profit for Q1 2020 was a loss of CNY 14.70 million, compared to a profit of CNY 10.67 million in Q1 2019, indicating a significant decline in profitability[46] - The company's total revenue for Q1 2020 was CNY 32.84 million, while the previous year's revenue was CNY 73.21 million, reflecting a decrease of about 55.2%[49] - The operating profit for Q1 2020 was a loss of CNY 1.99 million, compared to a profit of CNY 14.53 million in Q1 2019, showing a substantial drop in operational performance[46] - The total comprehensive income for Q1 2020 was a loss of CNY 42.11 million, contrasting with a profit of CNY 10.67 million in the previous year, highlighting a significant decline in overall financial health[47] Cash Flow - The net cash flow from operating activities improved by 33.10%, amounting to a loss of CNY 175,379,219.61 compared to a loss of CNY 262,161,760.73 in the same period last year[7] - Cash and cash equivalents net decrease was 160.30 million yuan, an increase of 852.05% year-on-year[19] - The cash outflow from operating activities was 175.38 million yuan, a decrease of 33.10% year-on-year[19] - Total cash inflow from operating activities was 1,160,065,309.90 yuan, down from 1,520,662,091.15 yuan, representing a decrease of about 23.7%[52] - Cash outflow from operating activities totaled 1,335,444,529.51 yuan, compared to 1,782,823,851.88 yuan in the previous period, reflecting a reduction of approximately 25.0%[54] - The net cash flow from investing activities was -74,110,869.98 yuan, an improvement from -97,442,963.84 yuan in the previous period, showing a decrease in cash outflow of about 23.9%[54] - Cash inflow from financing activities was 1,456,005,074.00 yuan, up from 1,020,358,333.84 yuan, marking an increase of approximately 42.8%[55] - The net cash flow from financing activities was 70,944,843.59 yuan, down from 340,388,710.06 yuan, indicating a decline of about 79.1%[55] - The ending balance of cash and cash equivalents was 799,692,509.09 yuan, compared to 485,062,132.36 yuan in the previous period, representing an increase of approximately 64.8%[55] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,954,454,739.77, a slight decrease of 0.04% from CNY 9,958,127,174.01 at the end of the previous year[7] - Current liabilities totaled CNY 4,801,508,806.54, down from CNY 4,916,048,475.98, indicating a reduction of approximately 2.33%[38] - Non-current liabilities increased to CNY 1,765,690,146.05 from CNY 1,614,114,305.68, reflecting an increase of about 9.38%[38] - Total liabilities reached CNY 6,567,198,952.59, a slight increase from CNY 6,530,162,781.66[38] - Owner's equity totaled CNY 3,387,255,787.18, down from CNY 3,427,964,392.35, a decrease of approximately 1.18%[39] - Total current assets as of March 31, 2020, were ¥5,183,189,421.66, slightly down from ¥5,212,090,217.41 at the end of 2019, a decrease of about 0.6%[36] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,934[12] - The basic earnings per share for Q1 2020 was CNY -0.03, compared to CNY 0.02 in Q1 2019, reflecting a negative shift in shareholder value[47] Operational Changes - The company's management expenses decreased by 27.96% compared to the same period last year[18] - The company issued 300 million yuan in short-term financing bonds in April 2020[20] - The company has implemented new revenue recognition standards starting in 2020, with no adjustments needed for prior periods[66] - The company has established a comprehensive internal control management system for asphalt futures hedging, which includes specific regulations on hedging limits and internal audit processes[29] - The company aims to utilize its own funds for asphalt futures hedging to mitigate risks associated with raw material price fluctuations[29] - The company has implemented a professional operation team for futures trading, ensuring effective risk management and operational control[29] Investment and Financial Performance - Investment income increased by 16.64 million yuan, primarily due to the transfer of a 4% stake in Fujian Putian Automobile Transportation Co., Ltd. by Wuyi Transportation[18] - The company reported an investment income of CNY 16.22 million in Q1 2020, compared to a loss of CNY 0.42 million in the same period last year, indicating a positive turnaround in investment performance[45] - The company incurred credit impairment losses of CNY 13.46 million in Q1 2020, slightly down from CNY 14.29 million in the same period last year, indicating ongoing challenges in credit management[45] - The company’s tax expenses for Q1 2020 were CNY 14.66 million, a notable increase from CNY 5.60 million in Q1 2019, suggesting higher tax liabilities despite lower profits[46]

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 ¥121,987,647.00, down 27.10% from the previous year[16]. - The net profit after deducting non-recurring gains and losses was ¥81,805,603.88, a decline of 38.18% year-over-year[16]. - The basic earnings per share for 2019 was ¥0.22, down 26.67% 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 1.76% to ¥2,897,960,738.48 at the end of 2019[16]. - The company's cash and cash equivalents increased by 1,019.54% to ¥474,926,168.36 in 2019, compared to a decrease of ¥51,648,220.59 in 2018[58]. - The company reported a net profit margin of 15% for the fiscal year 2019, up from 12% in 2018[174]. 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[97]. - In 2019, the total cash dividend amounted to 39,365,801.58 CNY, representing 32.27% of the net profit attributable to ordinary shareholders[100]. - The cash dividend for 2018 was 39,365,801.58 CNY, which accounted for 23.52% of the net profit attributable to ordinary shareholders[100]. - The cash dividend for 2017 was 33,742,115.64 CNY, making up 20.18% of the net profit attributable to ordinary shareholders[100]. 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 and is a major contributor to the company's revenue[24]. - The company has been actively investing in new logistics parks and expanding its operational footprint across various regions in China[24]. - The company has a competitive advantage in the new energy vehicle sector, being the only manufacturer in Dongguan with production qualifications for new energy buses[32]. - The company has a strategic focus on extending its industrial chain, enhancing its market presence and risk resilience through diversified operations in logistics, automotive, and energy sectors[31]. - The company is focusing on optimizing its business structure and enhancing research and development capabilities in the new energy vehicle sector[37]. - The company will continue to integrate non-core automotive business segments to optimize its business structure and improve efficiency[88]. Risks and Challenges - 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 overall economic environment remains uncertain, with potential impacts from both domestic and international factors affecting future performance[86]. - The company emphasizes the importance of safety management and will implement measures to mitigate risks associated with safety incidents[92]. Investments and Acquisitions - The company has signed a significant electric bus procurement contract worth ¥117,399.14 million, which has been fully delivered and paid for[46]. - The company is focusing on developing a logistics platform that enhances user engagement and operational efficiency through big data analysis[54]. - The company is actively pursuing strategies to maintain stable management and operational integrity following the transaction[104]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 100 million allocated for potential deals[176]. Shareholder and Governance - The company has a total of 17,013,232 shares held under the employee stock ownership plan, accounting for 3.03% of the total share capital[115]. - The company has a diverse shareholder base, including various asset management plans, each holding 3,834,450 shares, representing 0.68% of total shares[157]. - The company has maintained a stable governance structure with no changes in the actual controller or major shareholders[160][161]. - The company’s management team includes experienced professionals with backgrounds in logistics, finance, and engineering[171]. - The company has established a dedicated audit team of 4 professionals to oversee financial and operational audits, enhancing internal control[188]. Research and Development - Research and development expenses were ¥90,767,574.41, a decrease of 4.77% compared to the previous year[53]. - The company invested a total of ¥95,432,911.85 in R&D in 2019, a decrease of 5.35% compared to ¥100,828,157.20 in 2018, while the R&D personnel increased by 16.36% to 128[56]. - The company is investing 50 million in R&D for new technologies aimed at enhancing operational efficiency[176]. Compliance and Commitments - The company has ongoing commitments related to performance guarantees and share lock-up periods, with specific timelines for compliance[101]. - The company has not reported any non-compliance with commitments made to shareholders[105]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[111]. - The company has not engaged in any asset management or trust arrangements during the reporting period[161].

龙洲集团股份有限公司 2019 年第三季度报告全文 龙洲集团股份有限公司 2019 年第三季度报告 2019-112 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王跃荣、主管会计工作负责人陈海宁及会计机构负责人（会计主管 人员）廖世雄声明：保证季度报告中财务报表的真实、准确、完整。 2 龙洲集团股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 2019 年 10 月 1 龙洲集团股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 9,679,050,794.57 | 9,880,562,806.38 | | -2.04% | | 归属于上市公司股东的净资产 | 2,837,931, ...

Financial Performance - The company's operating revenue for the reporting period was ¥1,765,195,715.40, a decrease of 8.35% compared to ¥1,926,065,309.09 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥51,053,493.06, down 29.21% from ¥72,115,582.93 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥45,692,135.48, an increase of 3.86% compared to ¥43,995,208.35 in the same period last year[17]. - The basic earnings per share decreased by 30.77% to ¥0.09 from ¥0.13 in the same period last year[17]. - The total operating revenue for the first half of 2019 was CNY 1,765,195,715.40, a decrease of 8.36% compared to CNY 1,926,065,309.09 in the same period of 2018[140]. - Net profit for the first half of 2019 was CNY 48,795,316.78, a decline of 53.6% from CNY 105,069,103.32 in the first half of 2018[142]. - The net profit for the first half of 2019 was CNY 43.15 million, down from CNY 69.64 million in the first half of 2018, representing a decrease of approximately 38.3%[145]. Cash Flow and Financial Position - The net cash flow from operating activities was ¥191,690,019.29, a significant improvement of 171.08% from a negative cash flow of ¥269,690,751.97 in the previous year[17]. - The company's cash and cash equivalents increased by 181.01% to ¥83,535,119.18, driven by higher cash inflows from operating activities[40]. - Cash and cash equivalents at the end of the reporting period amounted to ¥726,886,202.71, representing 7.71% of total assets, a decrease of 1.15% compared to the previous year[49]. - The company reported a significant increase in financial expenses, which rose by 126.47% to ¥87,744,347.41 due to increased bank borrowings[40]. - The total cash inflow from operating activities was CNY 3.60 billion, compared to CNY 3.01 billion in the first half of 2018, indicating an increase of about 19.9%[146]. - The net cash flow from operating activities generated a net amount of CNY 191.69 million in the first half of 2019, a significant recovery from a net outflow of CNY 269.69 million in the same period of 2018[146]. Assets and Liabilities - The total assets at the end of the reporting period were ¥9,421,835,667.39, a decrease of 4.64% from ¥9,880,562,806.38 at the end of the previous year[17]. - The company's total liabilities decreased to RMB 6,045,313,925.18 from RMB 6,482,219,996.19, indicating a reduction of about 6.73%[135]. - Current assets totaled RMB 4,913,362,159.92, down from RMB 5,422,055,686.75, reflecting a decrease of approximately 9.35%[133]. - Accounts receivable reached ¥1,341,333,525.01, accounting for 14.24% of total assets, down by 1.47% year-on-year[49]. - Short-term borrowings increased significantly to ¥1,852,130,575.20, which is 19.66% of total assets, up by 4.98% primarily due to the consolidation of Dongguan Zhongqi Hongyuan[49]. Business Operations and Segments - The company’s logistics business, particularly the asphalt supply chain, has a significant market share and is expected to grow due to increased infrastructure investment in China[26]. - The automotive manufacturing and sales segment includes partnerships with brands like BMW, Audi, and Dongfeng, with a focus on both passenger and commercial vehicles[27]. - The company operates 35 passenger transport stations and has a fleet of 1,469 buses, indicating a strong presence in the passenger transport sector in Fujian province[27]. - The asphalt supply chain business has been developed into a complete service chain, leveraging over 15 years of industry experience[26]. - The company is focusing on technological innovation and market expansion in the asphalt supply chain to enhance competitiveness[36]. Risk Management - The company faces significant risks including production safety accidents, fluctuations in oil and gas prices, and management risks associated with rapid expansion[4]. - The company plans to enhance safety management, improve procurement management, and strengthen accounts receivable management to mitigate identified risks[70]. Investments and Acquisitions - The company made a substantial investment of ¥207,084,000.00 during the reporting period, a remarkable increase of 892.57% compared to the previous year's investment of ¥20,863,393.00[52]. - The ongoing major non-equity investment projects include the Wuping Logistics Center with an investment of ¥9,753,358.34 and the Anhui Zhongzhuang Logistics Wharf project with an investment of ¥1,249,516.83[55]. - The company has made significant acquisitions in the transportation sector to strengthen its market position in the Longyan and Nanping regions[33]. Legal Matters - The company is actively pursuing legal actions to recover funds from various contractual disputes[79]. - The company has a pending lawsuit for ¥459.1 million against multiple parties for payment of goods and interest[79]. - The company has initiated legal proceedings against Shenzhen Feiteng Shunda Logistics Co. for ¥348.98 million due to factoring contract disputes[81]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 27,672[117]. - The largest shareholder, 交通国投, holds 29.10% of the shares, totaling 163,672,815 shares[117]. - The report indicates that there were no changes in the controlling shareholder or actual controller during the reporting period[120]. Corporate Governance - The half-year financial report has not been audited[76]. - The company assessed its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its ability to continue operations[181]. - The financial statements are prepared based on the assumption of going concern and comply with the latest accounting standards issued by the Ministry of Finance[182].

龙洲集团股份有限公司 2019 年第一季度报告全文 龙洲集团股份有限公司 2019 年第一季度报告 2019-057 2019 年 04 月 1 龙洲集团股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王跃荣、主管会计工作负责人陈海宁及会计机构负责人（会计 主管人员）廖世雄声明：保证季度报告中财务报表的真实、准确、完整。 2 龙洲集团股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 828,653,690.01 | 802,651,197.45 | 3.24% | | 归属于上市公司股东的净利润（元） | 10,173,173.66 | 19,089, ...

Dividend Distribution - The company plans to distribute a cash dividend of 0.70 RMB per 10 shares to all shareholders, based on a total of 562,368,596 shares [4]. - The company proposed a cash dividend of 0.70 CNY per 10 shares, totaling 39,365,801.58 CNY for the year 2018 [98]. - The net profit attributable to shareholders for 2018 was 167,339,588.18 CNY, with a profit distribution ratio of 23.52% [97]. - The cash dividend represented 100% of the total profit distribution for the year [98]. - The company maintained a stable dividend payout over the past three years, with dividends of 0.70 CNY, 0.90 CNY, and 0.75 CNY per 10 shares in 2018, 2017, and 2016 respectively [95][96]. - The independent directors fulfilled their responsibilities in the decision-making process regarding the dividend distribution [94]. - The cash dividend policy was consistent with the company's articles of association and adequately protected minority shareholders' rights [94]. - The company did not issue any bonus shares or increase capital from reserves in 2018 [99]. Financial Performance - The company's operating revenue for 2018 was ¥6,839,425,949.60, representing a 43.96% increase compared to ¥4,750,821,263.37 in 2017 [17]. - The net profit attributable to shareholders for 2018 was ¥167,339,588.18, a slight increase of 0.08% from ¥167,197,736.63 in 2017 [17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 14.28% to ¥132,335,202.26 from ¥154,375,497.90 in 2017 [17]. - The net cash flow from operating activities for 2018 was -¥927,387,242.98, a significant decline compared to -¥26,653,873.33 in 2017, marking a 3,381.58% increase in negative cash flow [17]. - Total assets at the end of 2018 reached ¥9,880,562,806.38, a 37.91% increase from ¥7,164,279,729.33 at the end of 2017 [17]. - The company's net assets attributable to shareholders increased by 4.90% to ¥2,847,712,589.97 at the end of 2018 from ¥2,714,817,168.99 at the end of 2017 [17]. Business Operations - The company operates in the transportation sector, with various subsidiaries involved in logistics and automotive services [9]. - The company operates in modern logistics, automotive manufacturing and sales, and fuel sales, with a focus on enhancing logistics capabilities through investments and acquisitions [26]. - The asphalt supply chain business, a significant part of the logistics segment, has seen growth due to increased infrastructure investment in China, positioning the company as a leader in this sector [27]. - The company reported non-recurring gains of ¥54,060,028.96 from the disposal of non-current assets in 2018, compared to a loss of -¥1,428,447.17 in 2017 [22]. - The company's bus passenger transport business includes 1,530 scheduled passenger vehicles, 135 tourist buses, 599 taxis, and 549 buses, covering 822 routes across Fujian province and extending to Guangdong, Jiangxi, and Zhejiang [28]. - The company has established joint ventures with Sinopec and CNOOC, operating 6 gas stations and 2 gas filling stations in Longyan, with plans for further expansion in the region [28]. Risks and Challenges - 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 will enhance its receivables management to mitigate risks associated with bad debts as business scales up [90]. - The company faces risks related to safety production accidents, price fluctuations of crude oil and natural gas, and management challenges due to rapid expansion [88][89]. Investments and Acquisitions - The company completed several acquisitions, including a 51% stake in Dongguan Zhongqi Hongyuan and 100% of Hunan Haifeng Logistics [51]. - The company acquired a 17.5% stake in Dongguan Zhongqi Hongyuan for 122,255,000.00 yuan, funded through self-raised capital [71]. - The company plans to enhance the development of Dongguan Zhongqi Hongyuan's new energy bus industry, focusing on product R&D, quality control, and market expansion [87]. - The company aims to expand its asphalt supply chain business into new domestic and international markets, leveraging the "Belt and Road" initiative [86]. Governance and Compliance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the integrity of the annual report [3]. - The company is actively managing its investments to minimize related party transactions and ensure compliance with regulations [102]. - The company has a clear governance structure, ensuring the independence of operations from the controlling shareholder [196]. - The independent directors have fulfilled their duties by providing independent opinions on significant matters, safeguarding the interests of minority shareholders [197]. - The company has committed to timely and accurate information disclosure in accordance with stock exchange regulations [197]. Research and Development - The company’s R&D investment amounted to ¥100,828,157, representing 1.47% of total revenue, up from 0.61% in 2017 [58]. - The number of R&D personnel increased by 46.67% to 110, enhancing the company's innovation capacity [58]. - The company is investing 50 million in R&D for new technologies in the automotive sector [182]. Shareholder Structure - The company’s total share capital increased from 374,912,396 shares to 562,368,594 shares following a capital reserve distribution of 5 shares for every 10 shares held, resulting in a basic earnings per share adjustment from RMB 0.48 to RMB 0.32 [152]. - The largest shareholder, Transportation National Investment, holds 29.10% of the shares, totaling 163,672,815 shares [159]. - The company has a total of 24,024 ordinary shareholders as of the reporting period end [159]. - The company’s major shareholders did not participate in margin trading activities during the reporting period [162]. Employee Management - The total number of employees in the company is 5,796, with 1,776 in the parent company and 4,020 in major subsidiaries [189]. - The company has implemented a performance assessment and incentive mechanism to provide competitive performance salaries to attract and retain talent [191]. - The company emphasizes employee training, with annual training plans based on departmental needs and subsequent evaluations of training effectiveness [192].

Financial Performance - Operating revenue for the reporting period was ¥1,204,256,724.39, a decrease of 21.62% year-on-year[7] - Net profit attributable to shareholders was ¥19,218,714.06, down 63.27% compared to the same period last year[7] - Basic earnings per share decreased by 66.67% to ¥0.03[7] - Net profit for the year-to-date was RMB 118.95 million, with a decrease of 6.63% for the company and a decrease of 14.68% for the profit attributable to shareholders[20] - The estimated net profit attributable to shareholders for 2018 is projected to be between 112 million CNY and 185 million CNY, representing a year-on-year change of -33.01% to 10.65%[28] - The net profit for 2017 attributable to shareholders was 167.20 million CNY[28] - The net profit for the third quarter was CNY 13,880,401.84, down from CNY 64,056,242.92 year-over-year[48] - The total profit for the third quarter was CNY 24,577,993.89, compared to CNY 77,612,571.17 in the same period last year[48] - The operating profit for the quarter was CNY 11,878,467.89, significantly lower than CNY 73,067,659.74 in the previous year[48] - The total comprehensive income for the quarter was CNY 13,880,401.84, compared to CNY 64,056,242.92 in the same period last year[48] Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,500,676,393.82, an increase of 18.65% compared to the previous year[7] - Total assets increased by RMB 1,336.40 million, an increase of 18.65%, mainly due to the consolidation of Dongguan Zhongqi Hongyuan Automobile Co., Ltd. on August 1, 2018[18] - Total liabilities rose to CNY 5,223,501,311.25 compared to CNY 4,041,699,722.66 in the previous year[40] - The equity attributable to shareholders increased to CNY 2,770,889,041.26 from CNY 2,714,817,168.99 year-over-year[40] Cash Flow - The net cash flow from operating activities showed a significant improvement, with a net cash outflow of ¥246,690,966.16, reflecting a 204.66% change[7] - Operating cash flow net outflow increased by RMB 165.72 million, an increase of 204.66%, primarily due to increased inventory levels[22] - The cash flow from operating activities was negative CNY 246,690,966.16, worsening from negative CNY 80,972,680.26 in the previous year[60] - The net cash flow from operating activities was -312,627,584.85, compared to -440,344,292.75 in the previous period, indicating an improvement[65] - The net cash flow from investing activities was -51,018,154.52, compared to -471,286,262.38 in the previous period, showing a significant reduction in losses[66] - The net cash flow from financing activities decreased by 58.49% year-on-year, with a reduction of 542.18 million CNY, due to the absence of cash received from the non-public issuance of shares related to the acquisition of Tianjin Zhaohua Leading Co., Ltd.[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,984[11] - The largest shareholder, Fujian Longyan Transportation State-owned Assets Investment Co., Ltd., held 29.10% of the shares[11] - Total share capital increased by 50.00% compared to the beginning of the year, resulting in a total share capital of 562,368,594 shares after a capital reserve conversion[18] Inventory and Receivables - Other receivables increased by RMB 558.81 million, an increase of 338.45%, primarily due to government subsidies for new energy vehicle sales from Dongguan Zhongqi Hongyuan Automobile Co., Ltd.[18] - Inventory increased by RMB 388.00 million, an increase of 157.25%, mainly due to increased inventory of asphalt and other products from Tianjin Zhaohua Leading Co., Ltd.[19] - Accounts receivable decreased from approximately 1.57 billion CNY to approximately 1.43 billion CNY, indicating a reduction in outstanding receivables[38] - Inventory levels decreased to CNY 5,272,733.89 from CNY 8,274,473.99 year-over-year[42] Investment and Expenses - The company reported non-recurring gains and losses totaling ¥36,285,086.99 for the year-to-date[8] - Investment income decreased by RMB 23.53 million, a decrease of 147.57%, mainly due to losses recognized from the equity method for Dongguan Zhongqi Hongyuan Automobile Co., Ltd.[21] - The company incurred financial expenses of CNY 1,403,034.11, which included interest expenses of CNY 20,727,425.97[50] - The company reported a cash and cash equivalents net decrease of 47,874,967.21, contrasting with an increase of 211,114,590.29 in the previous period[63]