Financial Performance - The company's operating revenue for Q1 2023 was ¥318,177,959.13, a decrease of 13.77% compared to ¥368,995,894.95 in the same period last year[5] - The net profit attributable to shareholders was ¥601,381.35, down 91.84% from ¥7,369,738.01 year-on-year[5] - The basic earnings per share decreased by 91.89% to ¥0.0055 from ¥0.0678 in the same period last year[5] - Net profit for Q1 2023 was CNY 4,977,091.99, a decline of 48.3% from CNY 9,616,340.36 in Q1 2022[23] - Total operating revenue for Q1 2023 was CNY 318,177,959.13, a decrease of 13.8% compared to CNY 368,995,894.95 in Q1 2022[21] - Total operating costs for Q1 2023 were CNY 312,572,043.16, down 12.4% from CNY 356,926,827.65 in the same period last year[21] Cash Flow - The net cash flow from operating activities was -¥52,636,036.69, representing a decline of 17.43% compared to -¥44,823,955.54 in the previous year[5] - The net cash flow from financing activities was -¥88,820,359.06, a significant decrease of 235.18% compared to ¥65,707,679.69 in the previous year[9] - The total cash inflow from financing activities was 99,440,000.00 CNY, down from 147,350,000.00 CNY in the previous period[26] - The cash outflow for repaying debts increased significantly to 174,750,000.00 CNY from 78,000,000.00 CNY in the previous period[26] - The net cash flow from investing activities was -419,604.38 CNY, compared to -22,532,603.08 CNY in the previous period, showing a reduction in cash outflow[26] - The company reported a total cash outflow from operating activities of 456,393,844.21 CNY, compared to 496,470,898.12 CNY in the previous period[25] - The cash inflow from operating activities totaled 403,757,807.52 CNY, down from 451,646,942.58 CNY in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,026,841,387.24, down 7.37% from ¥1,108,555,683.51 at the end of the previous year[5] - Accounts receivable stood at CNY 276,722,887.06, down from CNY 290,077,894.78, indicating a decrease of about 4.5%[18] - The company's total assets decreased to CNY 1,026,841,387.24 in Q1 2023 from CNY 1,108,555,683.51 in Q1 2022, reflecting a reduction of 7.4%[20] - Total liabilities decreased to CNY 446,599,821.06 in Q1 2023 from CNY 533,291,209.32 in Q1 2022, a decline of 16.3%[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,778[11] - The company’s major shareholder, Zhoushan Tianshun Equity Investment Co., Ltd., planned to reduce its stake by up to 5,437,800 shares, which is 5% of the total share capital, but this plan was ultimately terminated[15] Strategic Decisions - The company decided to terminate the acquisition of a 56.3486% stake in Zhongzhi Energy Xinjiang Investment Co., Ltd., citing market conditions and careful consideration[13] - The company signed a logistics service agreement with Zhongzhi Energy Shanshan Industrial Park Coal Storage and Transportation Co., Ltd., indicating a strategic move to enhance logistics capabilities[14] Other Financial Metrics - The company's cash and cash equivalents decreased by 46.07% to ¥163,770,114.92 due to increased procurement payments and bank loan repayments[9] - The company's cash and cash equivalents decreased to CNY 163,770,114.92 from CNY 303,666,956.93 at the beginning of the year, representing a decline of approximately 46.0%[18] - The company's inventory as of March 31, 2023, was CNY 61,698,121.43, slightly up from CNY 61,093,744.82 at the beginning of the year[18] - Other receivables increased to CNY 62,873,888.05 from CNY 53,639,582.24, marking an increase of approximately 17.0%[18] - The company reported a decrease in financial expenses to CNY 3,483,992.58 in Q1 2023 from CNY 4,223,963.43 in Q1 2022[23] - Long-term equity investments increased to CNY 18,125,058.90 in Q1 2023 from CNY 17,830,695.79 in Q1 2022[20] - The company reported a total of CNY 37,003,689.16 in non-operating fund occupation, which included CNY 649,776.96 in interest expenses[16]

证券代码：002800 证券简称：天顺股份 公告编号：2023-024 新疆天顺供应链股份有限公司 关于终止现金收购中直能源新疆投资有限公司股权并 结束委托经营暨关联交易的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 新疆天顺供应链股份有限公司（以下简称"公司"或"上市公司"）于 2023 年 4 月 25 日召开第五届董事会第十六次会议和第五届监事会第十三次会议审议 并通过《关于终止现金收购中直能源新疆投资有限公司股权并结束委托经营暨关 联交易的议案》，决定终止收购中直能源新疆投资有限公司（以下简称"中直投 资"）股权并结束中直投资的委托管理。具体内容如下： 一、关联交易概述 公司于 2021 年 6 月 17 日、2021 年 11 月 11 日、2023 年 2 月 28 日分别召开 了 2021 年第三次临时股东大会、2021 年第五次临时股东大会、2023 年第一次临 时股东大会，审议通过了《关于签订委托经营管理协议的议案》《关于签署委托 经营管理协议之补充协议的议案》《关于现金收购中直能源新疆投资有限公司 56.3486%股权暨关联交易的议 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 652,192,206.77, representing a 24.42% increase compared to CNY 524,207,048.43 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 27.69% to CNY 11,858,376.10 from CNY 16,399,813.02 year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 41.53% to CNY 9,283,025.89 compared to CNY 15,875,226.45 in the previous year[20]. - Basic earnings per share decreased by 30.53% to CNY 0.1090 from CNY 0.1569 in the previous year[20]. - The total profit for the first half of 2022 was CNY 18,483,229.01, a decrease of 1.2% from CNY 18,704,992.74 in the same period of 2021[167]. - The total comprehensive income for the first half of 2022 was CNY 14,377,286.77, down from CNY 16,476,011.57 in the same period of 2021[168]. - The company reported a net profit margin of 5.1% for the first half of 2022, maintaining stability in profitability[177]. Cash Flow and Assets - The net cash flow from operating activities significantly improved to CNY 40,328,149.98, a 290.74% increase from a negative CNY 21,142,540.91 in the same period last year[20]. - The company's cash and cash equivalents increased to CNY 311,323,879.76, accounting for 28.60% of total assets, up from 24.50% the previous year[57]. - The company reported a total cash and cash equivalents balance of CNY 298,859,059.00 at the end of the first half of 2022, compared to CNY 111,169,455.35 at the end of the same period in 2021, reflecting a substantial increase[172]. - The total assets amounted to CNY 1,088,459,459.12, compared to CNY 1,057,072,542.15 at the beginning of the year, indicating an increase of 2.9%[164]. - The company's total liabilities reached CNY 503,120,142.32, an increase from CNY 474,395,597.03 at the start of the year, marking a growth of 5.5%[164]. Business Operations and Strategy - The company is actively expanding its international railway services, launching multiple freight trains to destinations in Central Asia and Europe[35]. - The company is focusing on optimizing its logistics platforms and internal management systems to adapt to new business changes[36]. - The company has established a competitive advantage in customer resources, focusing on high-quality enterprises that emphasize service stability and loyalty[38]. - The company is focusing on expanding its market presence through new product development and strategic partnerships[65]. - The company plans to continue expanding its market presence, focusing on new product development and technological advancements[180]. Risks and Challenges - The management has highlighted potential risks and corresponding measures in the report, urging investors to pay attention to investment risks[3]. - The company faces risks from macroeconomic fluctuations, market competition, and supply chain management, which could affect financial stability[77][79]. - The company reported that the impact of the COVID-19 pandemic continues to pose uncertainties for future business development, despite domestic control measures being in place[82]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[4]. - The company emphasizes the protection of shareholder rights and has established a robust internal control system to enhance operational efficiency and safeguard shareholder interests[91]. - The company has undergone significant management changes, including the appointment of Ding Zhiping as the new General Manager and Chairman[86]. Investments and Acquisitions - The company is actively pursuing strategic mergers and acquisitions to enhance its market position and operational capabilities[180]. - The company invested RMB 19.8 million to acquire a 2.54% stake in Hainan (Tanniu) Wenchang Chicken Co., completing the registration process[133]. - The company is exploring opportunities for mergers and acquisitions to strengthen its competitive position in the industry[178]. Environmental and Social Responsibility - The company maintains a strong focus on environmental protection, implementing measures to reduce dust pollution during loading and unloading processes[90]. - The company has committed to social responsibility by participating in public welfare activities and promoting harmonious public relations[95].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 368,995,894.95, representing a 32.39% increase compared to CNY 278,728,189.83 in the same period last year[3]. - The net profit attributable to shareholders decreased by 9.56% to CNY 7,369,738.01 from CNY 8,149,153.59 year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 29.97% to CNY 5,587,846.46 compared to CNY 7,979,321.11 in the previous year[3]. - Total operating revenue for the current period reached ¥368,995,894.95, a significant increase of 32.4% compared to ¥278,728,189.83 in the previous period[19]. - Net profit for the current period was ¥9,616,340.36, representing a 52.5% increase from ¥6,315,094.22 in the same period last year[20]. - The total comprehensive income for the current period was ¥9,616,340.36, up from ¥6,315,094.22 in the previous period[21]. Assets and Liabilities - The total assets at the end of the reporting period increased by 9.66% to CNY 1,159,168,688.81 from CNY 1,057,072,542.15 at the end of the previous year[3]. - As of March 31, 2022, the total assets of Xinjiang Tienshun Supply Chain Co., Ltd. amounted to CNY 1,159,168,688.81, an increase from CNY 1,057,072,542.15 at the beginning of the year[14]. - The company's total liabilities reached CNY 566,525,403.32, up from CNY 474,395,597.03 at the start of the year, indicating a significant increase in financial obligations[17]. - The company's total current assets amounted to CNY 946,362,967.42, an increase from CNY 862,595,278.97 at the beginning of the year[16]. Cash Flow - The company's cash flow from operating activities improved by 14.03%, with a net outflow of CNY 44,823,955.54 compared to CNY 52,139,088.98 in the same period last year[3]. - The company reported a net cash outflow from operating activities of ¥44,823,955.54, an improvement from a net outflow of ¥52,139,088.98 in the previous period[24]. - The cash flow from financing activities increased by 117.44% to CNY 65,707,679.69, attributed to increased bank borrowings[8]. - The company raised ¥147,350,000.00 through financing activities, a significant increase from ¥47,000,000.00 in the previous period[24]. Investments and Expenses - The company did not incur any R&D expenses during the reporting period, marking a 100% decrease from CNY 94,269.37 in the previous year[8]. - The company invested CNY 19.8 million in January 2022 to acquire a 2.5442% stake in Hainan (Tanniu) Wenchang Chicken Co., Ltd.[12]. - The company incurred a financial expense of ¥4,223,963.43, which is an increase from ¥3,196,999.63 in the prior period[19]. - Investment activities resulted in a net cash outflow of ¥22,532,603.08, compared to a smaller outflow of ¥93,311.81 in the previous period[24]. Equity and Shareholder Information - The total equity attributable to shareholders of the parent company was CNY 572,943,587.76, compared to CNY 565,573,849.75 at the beginning of the year, reflecting a slight growth in shareholder equity[18]. - Basic earnings per share decreased to ¥0.0678 from ¥0.1091 in the previous period, reflecting a decline of 37.8%[21]. Other Financial Metrics - The company's weighted average return on net assets decreased to 1.29% from 1.66% in the previous year[3]. - The company experienced a 1392.10% increase in credit impairment losses, amounting to CNY 1,605,888.29, due to the recovery of bad debts from other receivables[7]. - The company reported a significant increase in accounts payable by 50.82%, reaching CNY 49,314,583.24 due to increased freight and goods payable[7]. - Accounts receivable increased to CNY 310,130,751.73 from CNY 296,018,425.31, showing a growth of approximately 4.3%[16]. - The company’s inventory decreased to CNY 58,643,632.29 from CNY 71,641,022.64, indicating a reduction of approximately 18.2%[16]. - The company’s short-term borrowings increased to CNY 392,319,455.58 from CNY 324,009,799.05, reflecting a rise of about 21.1%[17]. - The company's cash and cash equivalents stood at CNY 254,970,004.13, a decrease from CNY 259,008,753.15 at the beginning of the year[15].

Financial Performance - The company's operating revenue for 2021 was ¥1,302,199,987.96, representing a 15.09% increase compared to ¥1,131,446,262.50 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥40,110,208.06, a 36.90% increase from ¥29,299,149.73 in 2020[18]. - The total revenue of the logistics industry reached 11.9 trillion yuan in 2021, representing a year-on-year growth of 15.1%[33]. - In 2021, the company achieved a total revenue of ¥1,302,199,987.96, representing a year-on-year growth of 15.09%[42]. - The net profit attributable to shareholders was ¥40,110,208.06, with a year-on-year increase of 36.90%[42]. - The total assets at the end of 2021 amounted to ¥1,057,072,542.15, reflecting a growth of 12.15% compared to the previous year[42]. - The company reported a total revenue of 11,500,000,000 CNY for the year 2021, marking a 100% increase compared to the previous year[77]. - The company reported a total revenue of 1.2 billion CNY for the year 2021, representing a year-on-year increase of 15%[121]. Profit Distribution - The company reported a profit distribution plan of 1.11 CNY per 10 shares (including tax) based on a total of 108,752,191 shares[4]. - The total cash dividend distributed in 2021 accounted for 100% of the profit distribution total[144]. - The company reported a net profit of RMB 8,052,411.76 for the year 2021, with a proposed cash dividend of RMB 1.11 per 10 shares, totaling RMB 12,071,493.20[144]. Assets and Liabilities - The total assets at the end of 2021 were ¥1,057,072,542.15, up 12.15% from ¥942,570,109.64 at the end of 2020[19]. - The net assets attributable to shareholders increased by 16.40% to ¥565,573,849.75 in 2021 from ¥485,870,378.10 in 2020[19]. - Cash and cash equivalents increased by 66.02% to ¥131,612,372.21, indicating improved liquidity[65]. - Short-term borrowings rose to ¥324,009,799.0, constituting 30.65% of total assets, due to new bank loans obtained during the reporting period[72]. - The total procurement amount from the top five suppliers is ¥733,725,294.75, accounting for 62.79% of the annual total procurement[58]. Operational Efficiency - The net cash flow from operating activities improved significantly to ¥75,579,424.23, compared to a negative cash flow of ¥6,868,280.24 in 2020, marking a 1,200.41% increase[18]. - The logistics management system developed by the company has improved operational efficiency and reduced operational costs[39]. - The company leverages advanced logistics management systems to reduce overall transportation costs and improve service efficiency[37]. - The company aims to enhance its networked operation capabilities and support the integration of logistics with production and trade sectors[31]. Market Expansion and Strategy - The company plans to enhance its logistics capabilities and expand its service offerings in response to the evolving market demands and government policies[30]. - The company is actively pursuing market expansion and enhancing its service offerings in response to the Belt and Road Initiative[40]. - The company plans to expand its operations to cover markets in the Middle East, Japan, South Korea, Southeast Asia, and Australia, in addition to its existing bases in Urumqi and Hainan, to align with the Belt and Road Initiative[96]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its service portfolio[115]. Research and Development - The company has invested in research and development to innovate new technologies that will enhance its service offerings and customer satisfaction[114]. - Research and development expenses increased by 20% in 2021, totaling 150 million CNY, focusing on new technologies[165]. - The proportion of research and development investment to operating income decreased from 0.11% to 0.02%[63]. - The number of R&D personnel decreased by 58.33% from 12 to 5, impacting the company's R&D capacity[63]. Governance and Compliance - The company maintains a complete and independent business structure, with no reliance on or unfair transactions with controlling shareholders[104]. - The company has established an independent financial department and accounting system, ensuring autonomous financial decision-making[105]. - The company has a robust governance structure with independent boards and committees, free from external interference[105]. - The company ensured compliance with relevant laws and regulations, enhancing the scientific nature of board decisions[132]. Employee Management - The total number of employees at the end of the reporting period was 210, with 115 in production, 5 in technical roles, and 33 in finance[138]. - The company has established a comprehensive training program to enhance employee skills and support strategic development[140]. - The company plans to maintain a competitive salary structure for key positions, adjusting compensation based on market levels to enhance employee motivation[139]. - The company has established a comprehensive human resources management system to support employee development and satisfaction[154]. Social Responsibility and Sustainability - The company is committed to sustainability and aims to implement eco-friendly practices in its supply chain operations[111]. - The management emphasized a commitment to sustainability, aiming for a 25% reduction in carbon emissions by 2025[165]. - The company has actively participated in social welfare activities, demonstrating a commitment to social responsibility[155]. - The company is committed to environmental protection and safety, implementing energy-saving measures and promoting a paperless office[155]. Risks and Challenges - The ongoing COVID-19 pandemic presents uncertainties that could impact the company's future business development, prompting continued vigilance in pandemic prevention measures[98]. - The company faces significant market competition risks due to the emergence of new logistics service providers in the Xinjiang region, necessitating a focus on third-party logistics and supply chain management[97]. - The company is addressing supply chain management risks by improving accounts receivable collection and enhancing financial management practices[98]. Future Outlook - The company provided a future outlook projecting a revenue growth of 20% for the next fiscal year, targeting 1.44 billion CNY[121]. - The company has set ambitious performance guidance for 2022, projecting continued revenue growth and improved profit margins[109]. - New product launches are expected to contribute an additional 200 million CNY in revenue in 2022[165].

Financial Performance - The company's revenue for Q3 2021 was CNY 430,125,206.05, representing a year-on-year increase of 9.68%[3] - Net profit attributable to shareholders for the same period was CNY 17,935,515.84, a significant increase of 109.01% compared to the previous year[3] - The basic earnings per share for Q3 2021 was CNY 0.1715, reflecting a growth of 49.30% year-on-year[3] - Total operating revenue for Q3 2021 was CNY 954,332,254.48, a decrease from CNY 994,821,095.47 in the previous period[21] - Net profit for the period reached CNY 40,423,482.98, compared to CNY 20,977,558.05 in the same period last year, representing an increase of 93.5%[22] - The net profit attributable to the parent company was CNY 34,335,328.86, up from CNY 19,842,251.73, reflecting a growth of 73.0%[23] - Earnings per share (EPS) for the period was CNY 0.3284, compared to CNY 0.2657 in the previous year[23] Assets and Liabilities - Total assets at the end of Q3 2021 reached CNY 1,130,608,668.41, marking a 19.95% increase from the end of the previous year[3] - Total assets increased to CNY 1,130,608,668.41 from CNY 942,570,109.64, marking a growth of 20.0%[19] - Total liabilities rose to CNY 553,849,446.96, up from CNY 449,686,986.73, indicating an increase of 23.2%[19] - The company's equity attributable to shareholders reached CNY 560,628,322.54, compared to CNY 485,870,378.10, an increase of 15.4%[19] Cash Flow - The cash inflow from operating activities totaled CNY 1,373,879,489.47, an increase from CNY 1,316,226,534.32 in the previous year, reflecting a growth of approximately 4.4%[26] - The net cash outflow from operating activities was CNY -53,005,266.96, compared to CNY -37,952,128.25 in the same period last year, indicating a decline in operational cash flow[26] - The cash inflow from investment activities was CNY 328,000.00, down from CNY 742,000.00 year-over-year, representing a decrease of about 55.8%[27] - The net cash outflow from investment activities was CNY -19,675,229.89, compared to CNY -6,211,226.03 in the previous year, showing a significant increase in investment losses[27] - The cash inflow from financing activities amounted to CNY 350,662,766.66, up from CNY 223,998,937.71, marking an increase of approximately 56.5%[27] - The net cash flow from financing activities was CNY 71,773,339.85, compared to CNY 35,681,390.19 in the same quarter last year, indicating a substantial improvement[27] - The ending balance of cash and cash equivalents was CNY 120,385,202.23, a decrease from CNY 33,165,671.77 year-over-year[27] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,402[10] - The largest shareholder, Xinjiang Tianshun Supply Chain Co., Ltd., holds 44.99% of shares, totaling 47,040,000 shares[10] Accounts Receivable and Prepayments - The company reported a 53.12% increase in accounts receivable, amounting to CNY 419,699,888.26, due to growth in the aviation sector[7] - Accounts receivable increased to RMB 419,699,888.26 from RMB 274,098,390.74, representing a growth of 53.1% year-over-year[17] - Prepayments rose to RMB 125,935,238.37 from RMB 99,859,673.48, indicating a 26% increase[17] Research and Development - Research and development expenses decreased by 78.90% to CNY 220,880.30, due to a reduction in R&D projects[8] - The company reported a significant increase in research and development expenses, which were CNY 220,880.30, down from CNY 1,046,735.46, indicating a focus on cost management[22] Other Financial Information - Short-term borrowings increased by 37.15% to CNY 359,361,243.08, attributed to additional bank loans[7] - Contract liabilities surged by 295.81% to CNY 19,985,636.88, indicating a rise in customer prepayments[7] - The company signed a logistics service agreement with a total amount not exceeding RMB 15 million[12] - A new subsidiary, Xinjiang Baoshun Emerging Supply Chain Co., Ltd., was established with a registered capital of RMB 50 million, where the company holds 49%[13] - The company provided a maximum guarantee of RMB 10 million for its subsidiary's debt obligations[13] - The company’s total share capital increased to 104,552,000 shares after the 2020 profit distribution and capital reserve conversion[15] - The company’s cash and cash equivalents slightly decreased to RMB 136,335,202.23 from RMB 137,329,853.12[17] - The third-quarter report was not audited, which may affect the reliability of the financial data presented[29]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 524,207,048.43, a decrease of 13.02% compared to CNY 602,661,015.71 in the same period last year[21]. - The net profit attributable to shareholders of the listed company increased by 45.63% to CNY 16,399,813.02, up from CNY 11,261,012.21 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 68.55% to CNY 15,875,226.45, compared to CNY 9,418,717.99 in the same period last year[21]. - Basic earnings per share increased by 4.05% to CNY 0.1569, compared to CNY 0.1508 in the same period last year[21]. - The company's operating costs decreased by 14.91% to ¥476,054,916.43 from ¥559,454,047.95 in the previous year[40]. - The company's total revenue for the reporting period was 524.207 million yuan, a decrease of 13.02% compared to the same period last year[44]. - Net profit reached 16.3998 million yuan, an increase of 45.63% year-on-year[44]. - The company reported a significant increase in inventory, which rose to 107.519 million yuan, representing 11.00% of total assets, due to increased procurement in supply chain management[48]. - The company reported a total comprehensive income of CNY 6,537,267.77, compared to a total comprehensive loss of CNY 2,362,926.44 in the same period last year, marking a substantial recovery[164]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, with a net outflow of CNY 21,142,540.91, a 61.65% reduction from CNY 55,136,115.51 in the previous year[21]. - Cash and cash equivalents at the end of the reporting period were 119.869 million yuan, accounting for 12.27% of total assets, down from 14.57% at the end of the previous year[48]. - The company's cash flow from operating activities showed a recovery trend, indicating improved operational efficiency[171]. - The total cash inflow from financing activities was CNY 213,030,000.00, an increase from CNY 183,448,937.71 in the first half of 2020, showing enhanced financing capabilities[168]. - The total cash outflow from operating activities was CNY 523,649,082.20, compared to CNY 529,898,916.56 in the previous period, showing a slight reduction[171]. Business Operations and Strategy - The company actively expanded its third-party logistics business, focusing on cost control and enhancing service quality to maintain customer relationships[29]. - The logistics park in Hami has achieved over 82% occupancy, becoming the largest integrated logistics park in the region, housing 60%-70% of local logistics companies[30]. - The company opened new international air cargo routes connecting Urumqi to London, Tbilisi, Kyiv, and Addis Ababa, enhancing its global logistics network[31]. - The company integrated domestic and international resources to operate international freight trains, covering over 100 types of goods and connecting to Central Asia and Europe[31]. - The company optimized its logistics platforms and management systems to adapt to new business changes, ensuring smooth operations[32]. - The company has established a competitive advantage in customer resources by providing comprehensive supply chain solutions across various industries, including steel and renewable energy[34]. Risks and Challenges - The company faces potential risks as detailed in the management discussion and analysis section, which investors should pay attention to[5]. - The company faces macroeconomic fluctuations, market competition, and supply chain risks, which could affect its financial performance and operational stability[68][69]. - The ongoing COVID-19 pandemic presents uncertainties for future business development, prompting the company to maintain strict pandemic prevention measures and ensure smooth logistics services[72]. Shareholder and Capital Management - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has not engaged in any securities or derivative investments during the reporting period, indicating a conservative investment strategy[59][60]. - The company has not reported any significant non-equity investments during the reporting period, focusing on core business operations[59]. - The company plans to distribute a cash dividend of RMB 0.79 per 10 shares, totaling RMB 5,899,720, and will increase its share capital by 29,872,000 shares through capital reserve conversion, resulting in a total share capital of approximately 104,552,000 shares after the increase[121]. Compliance and Governance - The company is committed to compliance with regulatory requirements, as indicated by its mention of necessary approvals for certain business activities[55]. - The company has established a comprehensive internal control system in compliance with laws and regulations, enhancing risk prevention capabilities and protecting shareholder rights[84]. - The company strictly adheres to labor laws, ensuring employee rights and benefits, including social insurance and welfare rewards, while fostering a harmonious labor relationship[85]. - The company has not engaged in any significant litigation or arbitration matters during the reporting period, indicating a stable legal standing[94].

Financial Performance - The company's operating revenue for Q1 2021 was ¥278,728,189.83, representing a 42.42% increase compared to ¥195,704,053.28 in the same period last year[8] - Net profit attributable to shareholders was ¥8,149,153.59, a significant increase of 560.81% from a loss of ¥1,768,426.13 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥7,979,321.11, up 340.08% from a loss of ¥3,323,664.09 in the same period last year[8] - Basic earnings per share rose to ¥0.1091, compared to a loss of ¥0.0237 in the same period last year, marking a 560.34% increase[8] - The weighted average return on equity improved to 1.66%, up from -0.38% in the previous year[8] - The company reported a net profit forecast for the period from the beginning of the year to the next reporting period of ¥1,400 to ¥1,900 million, indicating a growth of 24.32% to 68.72% compared to the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥946,813,757.77, a slight increase of 0.45% from ¥942,570,109.64 at the end of the previous year[8] - Net assets attributable to shareholders increased to ¥494,001,517.83, reflecting a growth of 1.67% from ¥485,870,378.10 at the end of the previous year[8] - Total liabilities decreased slightly to CNY 447,633,554.52 from CNY 449,686,986.73, indicating a stable financial position[34] - The total equity attributable to shareholders increased to CNY 494,001,517.83 from CNY 485,870,378.10, showing a growth of approximately 1.4%[34] Cash Flow - The company reported a net cash flow from operating activities of -¥52,139,088.98, which is a decline of 248.41% compared to -¥14,964,773.68 in the same period last year[8] - The net cash flow from operating activities was -¥52.14 million, a significant decline of 248.41% compared to -¥14.96 million in the previous year, driven by increased logistics and procurement payments[16] - Cash inflows from operating activities amounted to CNY 302,866,930.98, up from CNY 194,071,419.19 in the previous period[48] - The total cash outflow from operating activities was 219,737,872.90 CNY, compared to 122,483,056.07 CNY in the previous year, representing an increase of about 79.5%[52] - The net increase in cash and cash equivalents was -1,299,494.36 CNY, compared to -14,309,803.78 CNY in the same period last year, indicating an improvement in cash management[53] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,369[11] - The largest shareholder, Xinjiang Tiensheng Investment Group Co., Ltd., holds 44.99% of the shares, totaling 33,600,000 shares[11] Operating Costs and Expenses - Operating costs amounted to ¥259.23 million, reflecting a 41.78% increase from ¥182.84 million in the previous year, also attributed to higher business volume[16] - Financial expenses decreased by 47.27% to ¥3.49 million from ¥6.61 million, mainly due to a significant reduction in bill discounting expenses[16] - Research and development expenses decreased by 79.26% to ¥94,269.37 from ¥454,595.09, due to a reduction in R&D projects and associated labor costs[16] - The company incurred research and development expenses of CNY 94,269.37, down from CNY 454,595.09 in the previous year[44] Investment Activities - The company established a wholly-owned subsidiary, Hainan Tianyu Aviation Service Co., Ltd., with an investment of ¥10 million to expand its air cargo operations[17] - The company reported a cash outflow from investment activities of -20,000.00 CNY, compared to -14,670,898.00 CNY in the previous year, indicating a significant reduction in investment cash outflow[53] Accounts Receivable - The accounts receivable increased to ¥316.06 million from ¥274.10 million, indicating a growth in credit sales[31] - Accounts receivable increased to CNY 186,583,307.44 from CNY 145,577,962.58, reflecting a growth of approximately 28.2%[34]

Financial Performance - The company's operating revenue for 2020 was ¥1,131,446,262.50, a decrease of 5.71% compared to ¥1,199,992,466.69 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥29,299,149.73, an increase of 47.78% from ¥19,826,625.77 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥25,231,286.66, up 24.93% from ¥20,196,711.98 in 2019[18]. - The basic earnings per share for 2020 was ¥0.39, representing a 44.44% increase from ¥0.27 in 2019[19]. - The total assets at the end of 2020 were ¥942,570,109.64, a 5.26% increase from ¥895,473,349.20 at the end of 2019[19]. - The net cash flow from operating activities improved to -¥6,868,280.24 in 2020, an 80.15% improvement from -¥34,605,187.56 in 2019[18]. - The company achieved operating revenue of CNY 1,131.45 million in 2020, a decrease of 5.71% compared to the previous year[50]. - The net profit attributable to shareholders was CNY 29.30 million, an increase of 47.78% year-on-year[41]. Dividend Policy - The company reported a profit distribution plan, proposing a cash dividend of 0.79 RMB per 10 shares (including tax) based on a total of 74,680,000 shares, with no bonus shares issued[5]. - The company has a clear cash dividend policy, distributing a total of RMB 4,107,400 in cash dividends for the 2019 fiscal year, amounting to RMB 0.55 per share[99]. - The company distributed cash dividends of RMB 0.16 per share in 2018, totaling RMB 1,194,880, with a net profit of RMB 5,809,467.17, resulting in a payout ratio of 20.57%[102]. - For 2020, the cash dividend was set at RMB 0.79 per share, totaling RMB 5,899,720, with a net profit of RMB 29,299,149.73, resulting in a payout ratio of 20.14%[102]. - The total distributable profit for 2020 was RMB 179,877,913.04, with cash dividends accounting for 100% of the profit distribution[103]. - The company has maintained a consistent dividend payout strategy over the past three years, with a focus on returning value to shareholders[101]. Business Operations and Strategy - The company maintains its main business operations without changes, focusing on expanding its operational scale and improving asset structure[17]. - The company is focused on expanding its logistics services, including multi-modal transport and supply chain management, to enhance operational efficiency[78]. - The company aims to enhance its market presence through strategic expansions in logistics and supply chain management[78]. - The company is actively involved in various logistics and supply chain services, including cold chain transportation and freight forwarding[77]. - The company has established a comprehensive service network that includes rail, road, and air logistics, facilitating its expansion in the "Belt and Road" regions[37]. - The company is strategically positioned to leverage its geographical advantages in Xinjiang, becoming a key logistics hub along the "Belt and Road" initiative[38]. Risk Management - The company emphasizes the importance of risk awareness in its future development outlook, as detailed in the report[5]. - The company has outlined its future development risks in the report, urging investors to pay attention to potential challenges[5]. - The company faces risks from macroeconomic fluctuations, market competition, and supply chain management, and will implement measures to mitigate these risks[93]. Corporate Governance - The actual controllers of the company remain Wang Pu Yu and Hu Xiao Ling, who continue to act in concert[17]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[4]. - The independent directors have fulfilled their responsibilities in overseeing the dividend distribution process[100]. - The company has ensured that minority shareholders have had opportunities to express their opinions and that their rights are protected[100]. Subsidiaries and Investments - The company has a total of 100% ownership in several subsidiaries, enhancing its supply chain capabilities[10]. - The company established three new subsidiaries during the reporting period, contributing a total of 14.76 million yuan to overall performance[86]. - The company invested RMB 4.75 million to establish a controlling subsidiary, Xinjiang Qiantai Jiyu Aviation Service Co., Ltd., holding 95% of the shares, enhancing its international operations in the aviation sector[183]. Compliance and Commitments - The company reported a commitment from its actual controllers to avoid engaging in any business that competes with its existing operations[107]. - The company has established measures to prevent the transfer of shares held by its controllers until compliance with commitments is achieved[110]. - The company is committed to compensating any economic losses caused by breaches of commitment, with profits from such breaches reverting to the company[111]. - The company has made commitments to ensure accurate disclosures and will publicly apologize to shareholders and the public if commitments are not fulfilled[119]. Market Outlook - The company provided a future outlook projecting a revenue growth of 10% for the next fiscal year, targeting 1.65 billion RMB[129]. - The company plans to expand its market presence in Southeast Asia, aiming for a 30% market share within three years[131]. - The company aims to enhance customer satisfaction scores by 15% through improved service delivery and support systems[130]. Financial Health - The company’s financial condition is stable, with measures taken to ensure continued operations despite recent equity sales[83]. - The company has not reported any external guarantees or significant contracts during the reporting period[158]. - The company has not experienced any penalties or rectification during the reporting period[149].

Financial Performance - Operating revenue for the reporting period was CNY 392,160,079.76, representing a year-on-year increase of 22.71%[7] - Net profit attributable to shareholders was CNY 8,581,239.52, up 2.77% year-on-year[7] - Basic earnings per share for the reporting period was CNY 0.1149, an increase of 2.77% compared to the same period last year[7] - The weighted average return on net assets was 1.83%, a slight increase of 0.03%[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 27.97% to CNY 7,479,384.51[7] - Total operating revenue for Q3 2020 was CNY 392,160,079.76, an increase of 22.7% compared to CNY 319,591,769.96 in the same period last year[39] - Net profit for Q3 2020 was CNY 8,027,248.52, a decrease of 15.3% from CNY 9,481,994.06 in Q3 2019[41] - The company reported a total comprehensive income of $3.52 million, significantly lower than $29.39 million in the previous period[46] - Basic earnings per share for the current period is $0.0476, down 87.91% from $0.3935 in the previous period[46] Assets and Liabilities - Total assets increased by 5.52% to CNY 944,939,535.25 compared to the end of the previous year[7] - The company's current assets totaled CNY 771,184,023.85, up from CNY 715,109,498.92 at the end of 2019, reflecting a growth of approximately 7.8%[31] - Total liabilities as of September 30, 2020, were CNY 453,891,696.28, compared to CNY 425,000,200.36 at the end of 2019, indicating a growth of approximately 6.8%[33] - The company's equity attributable to shareholders reached CNY 477,204,662.59, up from CNY 460,985,514.41, reflecting an increase of about 3.5%[34] - The company's total liabilities were 425,000,200.36 CNY, with current liabilities totaling 382,815,470.66 CNY[66] - Total liabilities reached CNY 385,040,262.77, with current liabilities at CNY 378,022,183.96 and non-current liabilities at CNY 7,018,078.81[69] - The company’s total liabilities to total assets ratio stands at approximately 47.9%, indicating a moderate leverage level[69] Cash Flow - Net cash flow from operating activities improved significantly by 126.55% to CNY 17,183,987.26[7] - The company reported a net cash flow from operating activities of CNY -37,952,128.25, an improvement from CNY -61,549,369.29 in the previous year[57] - The net cash flow from operating activities for the current period was -27,203,370.66 CNY, an improvement from -54,406,108.63 CNY in the previous period[59] - Cash inflow from financing activities was CNY 35,681,390.19, compared to CNY 32,705,400.13 in Q3 2019[58] - Total cash inflow from financing activities was 222,825,953.00 CNY, compared to 218,579,791.86 CNY in the previous period, resulting in a net cash flow of 32,957,789.48 CNY[61] Expenses - Management expenses decreased by 31.04% to ¥11.60 million, resulting from reductions in labor costs, intermediary fees, and travel expenses[15] - R&D expenses fell by 51.78% to ¥1.05 million, due to decreased labor costs and project cost transfers[15] - Total operating costs for Q3 2020 were CNY 388,117,313.13, up from CNY 301,353,684.15, reflecting a year-over-year increase of 28.8%[40] - Financial expenses for Q3 2020 were CNY 8,695,346.83, significantly higher than CNY 3,391,344.52 in Q3 2019, indicating an increase of 156.5%[40] - Research and development expenses decreased to $94.99 thousand, down 86.55% from $708.49 thousand in the previous period[44] Shareholder Information - The company reported a total of 13,004 common shareholders at the end of the reporting period[11] - The largest shareholder, Xinjiang Tienshun Investment Group Co., Ltd., holds 44.99% of the shares[11] - The company did not engage in any repurchase transactions during the reporting period[12] Other Financial Activities - The company approved a guarantee of up to ¥30 million for its subsidiary Xinjiang Tianhui Logistics Co., Ltd. for bank credit applications[18] - The total approved guarantee amount for subsidiaries and grandsons reached ¥140 million, with no outstanding guarantees[18] - The company revised its non-public issuance of A-shares plan due to changes in market conditions, pending approval from the China Securities Regulatory Commission[17] - The company reported no significant investments in securities or derivatives during the reporting period[22][23] - There were no major contracts or external guarantees reported during the period, indicating a stable operational environment[24][25] - The company did not engage in any fundraising projects or significant non-operational fund usage by major shareholders during the reporting period[26][27]