Financial Performance - The company's operating revenue for the first half of 2020 was ¥602,661,015.71, a decrease of 4.80% compared to ¥633,027,897.32 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥11,261,012.21, down 38.47% from ¥18,301,071.22 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥9,418,717.99, a decrease of 36.08% compared to ¥14,735,567.10 in the same period last year[17]. - The net cash flow from operating activities was -¥55,136,115.51, a significant decline of 1,834.97% from ¥3,177,920.75 in the previous year[17]. - Basic earnings per share were ¥0.1508, down 38.45% from ¥0.245 in the same period last year[17]. - The diluted earnings per share were also ¥0.1508, reflecting the same decline of 38.45% compared to the previous year[17]. - The weighted average return on net assets was 2.42%, down from 4.06% in the previous year, a decrease of 1.64%[17]. - The company reported a net profit margin of 30% for the first half of 2020, indicating strong financial health[54]. - The company reported a net loss of 145 million yuan for the first half of 2020, compared to a profit in the same period last year[162]. Assets and Liabilities - The total assets at the end of the reporting period were ¥986,931,863.59, an increase of 10.21% from ¥895,473,349.20 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were ¥468,638,743.76, up 1.66% from ¥460,985,514.41 at the end of the previous year[17]. - The total liabilities of the company reached CNY 506,245,952.44, up from CNY 425,000,200.36, marking an increase of about 19.1%[136]. - The company's short-term borrowings rose to CNY 273,100,000, representing 27.67% of total liabilities, an increase of 13.51%[49]. - The total owner's equity at the end of the reporting period was approximately 419.965 million yuan, reflecting the company's financial health[168]. Revenue Sources - The company's revenue for the reporting period was 1,842,294.22, with a significant contribution from non-recurring gains such as equity disposal income of 172,600.77[22]. - Revenue from third-party logistics decreased by 18.19% to CNY 172,785,996.05, while supply chain management revenue fell by 11.18% to CNY 329,720,571.09[42]. - The international air logistics business achieved operating revenue of CNY 82,549,340.06, a significant increase of 585.44% year-on-year[44]. - The revenue from regions outside Xinjiang increased by 124.43% to CNY 140,687,092.35, while revenue from within Xinjiang decreased by 19.00% to CNY 461,973,923.36[42]. Operational Efficiency - The company reduced its operating costs to ¥559,454,047.95, a decrease of 5.18% from the previous year[40]. - Management expenses decreased by 26.51% to ¥8,401,725.02, primarily due to reduced labor and intermediary costs[40]. - The company invested ¥951,736.61 in R&D, a decrease of 34.92% compared to the previous year[40]. - The company is actively developing its logistics management system to improve operational efficiency and reduce costs[32]. - The company is focusing on enhancing its supply chain management services to improve efficiency and customer satisfaction[56]. Market Position and Strategy - The company has established a comprehensive supply chain service model, including third-party logistics, supply chain management, and international logistics, enhancing its competitive edge[25]. - The company operates an international railway logistics service, facilitating cargo transport to Europe and other countries along the Belt and Road Initiative[26]. - The company is positioned as a leading third-party logistics provider in Xinjiang, leveraging regional market advantages for rapid market capture[33]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand service capabilities[56]. - The company plans to focus on market expansion and new product development to improve future performance[149]. Risks and Challenges - The company is facing significant risks due to macroeconomic fluctuations, particularly in the Xinjiang region, which affects its operational performance[67]. - The company reported a high asset-liability ratio due to large funding needs for supply chain management services, which may lead to financial uncertainty[68]. - The ongoing COVID-19 pandemic presents uncertainties for future business development, but the company is committed to maintaining effective pandemic prevention measures[68]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 15,541[114]. - The largest shareholder, Xinjiang Tienshun Investment Group Co., Ltd., holds 44.99% of the shares, totaling 33,600,000 shares[115]. - The company did not engage in any related party transactions during the reporting period[82]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[72]. Regulatory and Compliance - The financial report for the first half of 2020 was not audited[132]. - The financial statements are prepared based on the going concern principle and comply with the accounting standards issued by the Ministry of Finance[194]. - The company confirmed no significant issues affecting its going concern capability for the next 12 months from the reporting date[195].

新疆天顺供应链股份有限公司 2020 年第一季度报告全文 新疆天顺供应链股份有限公司 2020 年第一季度报告 2020-026 2020 年 04 月 1 新疆天顺供应链股份有限公司 2020 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。 公司负责人王普宇、主管会计工作负责人赵燕及会计机构负责人(会计主管 人员)苏旭霞声明：保证季度报告中财务报表的真实、准确、完整。 2 新疆天顺供应链股份有限公司 2020 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） | 195,704,053.28 | 233,978,235.04 | -16.36% | | 归属于上市公司股东的净利润（元） | -1,768,426 ...

Financial Performance - The company's operating revenue for 2019 was ¥1,199,992,466.69, representing a 26.51% increase compared to ¥948,554,390.01 in 2018[18]. - The net profit attributable to shareholders for 2019 was ¥19,826,625.77, a significant increase of 241.28% from ¥5,809,467.17 in 2018[18]. - The net profit after deducting non-recurring gains and losses was ¥20,196,711.98, up 315.40% from ¥4,862,013.66 in the previous year[18]. - The basic earnings per share for 2019 was ¥0.27, a 237.50% increase from ¥0.08 in 2018[18]. - The company reported a net profit of RMB 31,107,079.21 for the year 2019, with a profit distribution plan proposing a cash dividend of RMB 0.55 per 10 shares, totaling RMB 4,107,400.00[105]. - The total distributable profit for 2019 was RMB 171,900,466.81, with the cash dividend accounting for 100% of the profit distribution[105]. - The company reported a significant increase in revenue for 2019, reaching a total of 1.5 billion yuan, representing a year-over-year growth of 25%[112]. Business Expansion and Operations - The company expanded its business scope to include domestic and international specialized road freight transport services, including refrigerated and oversized cargo[16]. - The company primarily engages in third-party logistics and supply chain management, offering a comprehensive range of services including supply chain design, management, warehousing, procurement, and distribution[29]. - The logistics service network has been expanded to include rail, road, and air transport, supporting the company's growth in third-party logistics and international multimodal transport[36]. - The company has established a competitive advantage through its extensive customer resources and external transportation resources, leading to reduced overall transportation costs[35]. - The company has developed a complete business structure that allows clients to focus on their core operations while benefiting from integrated logistics services[36]. - The company has expanded its international air freight services, launching new routes to Tashkent, Islamabad, and Hahn[42]. Financial Position and Assets - The total assets at the end of 2019 were ¥895,473,349.20, a decrease of 10.62% from ¥1,001,851,145.30 at the end of 2018[18]. - The net assets attributable to shareholders increased by 4.36% to ¥460,985,514.41 from ¥441,738,127.21 in 2018[18]. - The company's gross profit margin decreased, with the operating cost payment ratio dropping by 23.84% to 0.77 from 1.01 in the previous year[64]. - The company’s overall net assets reached 83,307,245.40 CNY, indicating a solid financial position[91]. Cash Flow and Investments - The net cash flow from operating activities was negative at -¥34,605,187.56, a decline of 130.66% compared to ¥112,876,288.09 in 2018[18]. - The company reported a cash dividend of RMB 0.16 per share for 2018, totaling RMB 1,194,880, which represents 20.72% of the net profit attributable to ordinary shareholders[102]. - The company invested CNY 2,503,899.37 in R&D, a 4.89% increase from the previous year, representing 0.21% of operating revenue[62]. - The company reported a total of RMB 5,000 million in assets as of March 30, 2020[76]. Risk Management and Compliance - The company faces significant market competition risks due to the emergence of new logistics service providers in the Xinjiang region[98]. - The company is addressing supply chain business risks by enhancing operational capabilities and improving accounts receivable management[99]. - The company has implemented strict safety production management measures to mitigate risks associated with complex natural conditions in the Xinjiang region[99]. - The company will closely monitor macroeconomic fluctuations and policy changes to enhance its risk prevention and control systems[97]. Corporate Governance and Shareholder Rights - The company emphasizes the protection of shareholder rights by enhancing internal management and risk prevention capabilities, ensuring compliance with relevant laws and regulations[192]. - The company has committed to timely and fully compensating any social security fees and housing fund contributions required by employees, with specific amounts to be determined by relevant authorities[154]. - The company has made a commitment to normal performance of related promises since May 2016, ensuring accountability to shareholders and the public[138]. - The company’s management will stop receiving salaries or dividends if they fail to fulfill their commitments, and their shares will not be transferable until compensation measures are completed[137]. Future Outlook and Strategic Plans - The company plans to continue expanding its supply chain management services and logistics operations to enhance overall performance in the coming periods[49]. - The company aims to enhance its core competitiveness and become one of the top 100 global supply chain enterprises through internal development and external growth strategies[94]. - The company will leverage its brand and capital advantages to improve customer satisfaction and expand market share in the third-party logistics sector[95]. - The company plans to optimize its international railway business structure and expand its operations in Central Asia, West Asia, Europe, Belarus, and Russia in 2020[96].

新疆天顺供应链股份有限公司 2019 年第三季度报告 2019-076 2019 年 10 月 新疆天顺供应链股份有限公司 2019 年第三季度报告全文 1 新疆天顺供应链股份有限公司 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人王普宇、主管会计工作负责人赵燕及会计机构负责人(会计主管 人员)周莉声明：保证季度报告中财务报表的真实、准确、完整。 2 新疆天顺供应链股份有限公司 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 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） | 958,598,899.45 | 1,001,851,145.30 | | -4.32% | | 归属于上市公司股东的净资产 | 46 ...

Financial Performance - The company reported a revenue of 1.5 billion RMB for the first half of 2019, representing a year-on-year increase of 15%[13]. - The net profit attributable to shareholders was 200 million RMB, up 10% compared to the same period last year[13]. - The company's operating revenue for the reporting period reached ¥633,027,897.32, representing an increase of 85.12% compared to the same period last year[18]. - Net profit attributable to shareholders was ¥18,301,071.22, a significant increase of 1,762.99% year-over-year[18]. - The net profit after deducting non-recurring gains and losses was ¥14,735,567.10, up 453.95% from the previous year[18]. - Basic and diluted earnings per share both increased to ¥0.245, reflecting a growth of 2,350.00% compared to the same period last year[18]. - Future guidance estimates a revenue growth of 18% for the full year 2019, driven by increased demand in logistics services[13]. - The company expects a net profit increase of over 50% for the first nine months of 2019, with an estimated net profit range of CNY 26,000,000 to CNY 35,000,000[72]. - The company reported that all business segments experienced significant revenue growth compared to the same period last year, contributing to an increase in gross profit[72]. Investments and Expansion - The company plans to expand its logistics services into three new regions by the end of 2019, aiming for a 20% increase in market share[13]. - The company has invested 50 million RMB in new technology development for supply chain management systems[13]. - The company is exploring acquisition opportunities to enhance its service offerings and operational capabilities[13]. - The logistics sector is expected to grow by 30% in the next three years, providing a favorable environment for the company's expansion plans[13]. - The company is actively expanding its international business in line with the "Belt and Road" initiative, focusing on air, international rail-road intermodal, and customs supervision warehouse services[38]. - The company is significantly affected by macroeconomic fluctuations, particularly in the Xinjiang region, and aims to enhance service quality and competitiveness to mitigate risks[73]. - The company is experiencing high asset-liability ratios due to large funding needs for supply chain management services, and plans to improve cash collection from downstream accounts receivable and enhance credit management[76]. Risk Management - The company identified potential risks including market competition and regulatory changes, with strategies in place to mitigate these risks[4]. - The company is closely monitoring market and policy changes to adapt to economic development trends and improve its risk management framework[73]. - The logistics industry in Xinjiang is facing increased competition from emerging logistics service providers and established companies, prompting the company to leverage big data and internet technology to strengthen its supply chain management and multi-modal transport services[74]. - The company has implemented strict safety management measures to address production safety risks, including detailed safety regulations and insurance for vehicles and personnel[77]. Shareholder and Stock Management - No cash dividends or stock bonuses will be distributed to shareholders for this period[5]. - The company did not distribute cash dividends or issue bonus shares during the reporting period, indicating a focus on reinvestment[81]. - The company plans to repurchase shares when the stock price triggers the conditions for stabilization[86]. - The total amount of funds used for share repurchase will not exceed the total amount raised from the initial public offering (IPO)[87]. - The company will use at least 30% of the cash dividends and salary received from the company in the previous year for share repurchase[85]. - The minimum amount for a single share repurchase is set at RMB 1 million[87]. - The company aims to stabilize its stock price through various measures, including share repurchase[86]. - The controlling shareholder will also increase their stake in the company as part of the stabilization measures[87]. Subsidiary Performance - The subsidiary Xinjiang Tian Shun Supply Chain Hami Co., Ltd. reported a net profit of RMB 133,637.20 as of the reporting period[68]. - The subsidiary Xinjiang Tian Hui Logistics Co., Ltd. reported a net profit of RMB 1,873,670.49 during the reporting period[68]. - The subsidiary Fuyun County Tian Shun reported a net profit of RMB 655,461.19 during the reporting period[68]. - The company’s subsidiary, Urumqi International Land Port Logistics Co., Ltd., received government subsidies of RMB 5.2838 million, while another subsidiary received RMB 749,300 in support funds[128]. Compliance and Legal Matters - The half-year financial report has not been audited[100]. - The company is involved in a significant lawsuit with a claim amount of 28 million yuan (approximately $4.3 million) related to a contract dispute, which may impact future profits depending on the execution of the court's ruling[103]. - The company has been ordered to compensate 66,480.58 yuan (approximately $10,000) in a traffic accident liability dispute, with the total costs including court fees amounting to 6.65 million yuan (approximately $1 million)[104]. - There are no significant penalties or corrective actions reported during the reporting period, indicating a stable compliance status[107]. Financial Position - The company's total assets decreased by 3.24% to ¥969,371,969.84 compared to the end of the previous year[18]. - Cash flow from operating activities showed a decline of 89.43%, amounting to ¥3,177,920.75[18]. - The company's total assets as of June 30, 2019, were ¥903,381,854.64, slightly up from ¥901,404,870.37 at the end of 2018[161]. - The total liabilities decreased to ¥499,479,447.81 from ¥509,053,716.48, indicating a reduction of 1.1%[160]. - The cash and cash equivalents stood at ¥80,115,938.24, down from ¥98,809,988.69 at the end of 2018, representing a decline of 19.0%[158]. Research and Development - The company has invested RMB 1,462,398.64 in R&D, which is a 31.97% increase compared to the previous year, focusing on information technology and logistics management systems[42]. - The company's research and development expenses amounted to CNY 1,462,398.64, indicating ongoing investment in innovation[166].

Financial Performance - The company's operating revenue for Q1 2019 was ¥233,978,235.04, representing a 67.26% increase compared to ¥139,891,057.71 in the same period last year[8] - The net profit attributable to shareholders was ¥2,814,322.94, a significant turnaround from a loss of ¥8,608,765.56, marking a 132.69% improvement[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥72,774.13, compared to a loss of ¥8,600,637.71, reflecting a 100.85% increase[8] - The basic earnings per share increased to ¥0.0377 from a loss of ¥0.1153, showing a 132.70% improvement[8] - The weighted average return on equity rose to 0.64%, up from -1.95%, indicating a 2.59% increase[8] - The company reported a significant increase in advance receipts, which rose by 2158.49% to ¥77,227,912.01 due to increased orders in supply chain management[15] - The company expects a net profit for the first half of 2019 to increase by over 50% year-on-year, with projections ranging from ¥1,400,000 to ¥950,000[20] - The company reported a net profit margin improvement, with retained earnings increasing from CNY 195,151,991.52 to CNY 197,034,953.19, an increase of about 1%[30] - The net profit for the current period was reported at -¥846,643.08, an improvement compared to -¥9,122,548.25 in the previous period, reflecting a reduction in losses of approximately 90.7%[38] - The company achieved an operating profit of ¥178,003.60, a turnaround from a loss of -¥8,507,464.88 in the prior period[38] Assets and Liabilities - The total assets at the end of the reporting period were ¥951,794,408.73, down 5.00% from ¥1,001,851,145.30 at the end of the previous year[8] - The total assets decreased by 34.19% to ¥77,080,418.30 from ¥117,117,679.58 due to reduced cash reserves and deposits[15] - Current liabilities decreased from CNY 472,348,772.93 to CNY 427,604,739.16, a reduction of about 9.5%[29] - Non-current liabilities increased slightly from CNY 69,439,786.65 to CNY 71,733,722.71, an increase of approximately 3.3%[29] - Total liabilities decreased from CNY 541,788,559.58 to CNY 499,338,461.87, a decline of about 7.8%[29] - Owner's equity decreased from CNY 460,062,585.72 to CNY 452,455,946.86, a decrease of approximately 1.3%[30] - Cash and cash equivalents decreased from CNY 98,809,988.69 to CNY 56,118,986.35, a decline of about 43.3%[32] - Accounts receivable decreased from CNY 297,593,505.37 to CNY 228,774,929.91, a reduction of approximately 23.2%[32] - Inventory increased from CNY 64,409,255.82 to CNY 69,056,943.00, an increase of about 7.3%[32] - Prepayments increased significantly from CNY 180,563,674.32 to CNY 281,828,408.69, an increase of approximately 56%[32] Cash Flow - The net cash flow from operating activities was negative at -¥57,548,393.32, a decline of 936.84% compared to ¥6,876,836.42 in the same period last year[8] - The company's cash flow from operating activities improved significantly, with a net cash inflow of ¥121,027.71 compared to a net outflow of ¥7,836,411.29 in the previous period[16] - The total cash inflow from financing activities amounted to 30,630,000.00 CNY, up from 15,086,000.00 CNY in the previous period, reflecting increased financing efforts[50] - The total cash outflow from operating activities was 381,948,656.30 CNY, compared to 122,499,388.78 CNY in the previous period, indicating higher operational costs[49] - The company experienced a net increase in cash and cash equivalents of -13,755,402.34 CNY during the period, compared to -9,799,756.24 CNY in the previous period, indicating ongoing cash flow challenges[50] Expenses - Total operating costs amounted to ¥237,044,331.44, up from ¥148,426,296.47, indicating an increase of about 59.7%[36] - Financial expenses decreased by 31.32% to ¥5,101,268.11, attributed to lower discount interest and loan interest expenses[15] - Research and development expenses were ¥684,928.26, slightly up from ¥635,815.23, showing continued investment in innovation[36] - The company recorded other income of ¥179,117.34, compared to ¥27,773.88 in the previous period, marking a significant increase[36] - Financial expenses decreased to ¥5,101,268.11 from ¥7,427,572.83, reflecting improved cost management[36] Litigation and Risks - The company is actively monitoring ongoing litigation that may impact future profits but currently reports no significant adverse effects from the case[17]

Financial Performance - The company's operating revenue for 2018 was ¥948,554,390.01, a decrease of 6.74% compared to ¥1,017,140,994.03 in 2017[6]. - The net profit attributable to shareholders for 2018 was ¥5,809,467.17, representing an 85.91% decline from ¥41,224,557.26 in 2017[6]. - The net profit after deducting non-recurring gains and losses was ¥4,862,013.66, down 85.10% from ¥32,633,579.40 in 2017[6]. - The company reported a basic earnings per share of ¥0.08, down 85.45% from ¥0.55 in 2017[6]. - The weighted average return on equity was 1.30%, a decrease of 8.23% from 9.53% in 2017[6]. - The company reported a net loss of ¥859,903.90 in 2018, a decline of ¥44,315,733.47 compared to a net profit of ¥43,455,829.57 in 2017[68]. - The company achieved operating revenue of CNY 948.55 million in 2018, a decrease of 6.74% compared to the previous year[40]. - The net profit attributable to shareholders was CNY 5.81 million, down 85.91% year-on-year[40]. - The total sales revenue for 2018 was ¥948,554,390.01, down from ¥1,017,140,994.03 in 2017, reflecting a decrease of ¥68,586,604.02[66]. Cash Flow and Assets - The net cash flow from operating activities improved to ¥112,876,288.09, a significant increase of 255.29% compared to -¥72,686,944.68 in 2017[6]. - Total assets at the end of 2018 reached ¥1,001,851,145.30, marking a 27.87% increase from ¥783,518,142.27 at the end of 2017[18]. - The net assets attributable to shareholders slightly decreased by 0.88% to ¥441,738,127.21 from ¥445,645,332.93 in 2017[18]. - Cash and cash equivalents increased by 68.73% year-on-year, attributed to an increase in bank acceptance bill deposits[31]. - Accounts receivable grew by 21.18% year-on-year, driven by the increase in receivables from newly established business projects[31]. - Inventory increased by 17.56% year-on-year, due to the rise in products and stock from supply chain management business procurement[31]. Business Operations and Strategy - The company has expanded its business scope to include non-vessel operating services and sales of various materials such as copper concentrate and aluminum ingots[16]. - The company has not changed its main business since its listing, maintaining its focus on supply chain services[16]. - The company engaged in third-party logistics and supply chain management, providing a comprehensive range of services including warehousing and international logistics[27]. - The company operates an international railway logistics service, facilitating cargo transport to Europe and other countries along the "Belt and Road" initiative[28]. - The company is actively developing its international business, including air and rail logistics, in line with the Belt and Road Initiative[42]. - The company is focusing on enhancing its information technology infrastructure to support supply chain cloud platform development[45]. - The company plans to focus on multi-modal transport business investments in 2019, aiming to strengthen its market position in the Xinjiang logistics industry[96]. Investments and Subsidiaries - The company signed three new subsidiaries in 2018, increasing the scope of consolidated financial statements by three entities[59]. - The company has made significant equity investments, including a 70% stake in a new logistics service company, with an investment of 900,000[76]. - The company’s subsidiary, Xinjiang Tienshun Supply Chain Hami Co., Ltd., reported a net profit of 1,441,760.88 yuan, contributing significantly to the overall net profit[90]. - Xinjiang Tianhui Logistics Co., Ltd. generated an operating income of 112,353,412 yuan, with a net profit of 3,786,730.08 yuan[90]. Dividends and Shareholder Commitments - The company plans to distribute a cash dividend of 0.16 RMB per 10 shares to all shareholders, based on a total of 74,680,000 shares[4]. - The cash dividend for 2018 represents 100% of the total profit distribution amount[106]. - The company distributed cash dividends of RMB 1.2 per 10 shares for the 2017 fiscal year, totaling RMB 8,961,600[103]. - The company has committed to a lock-up period for shares held by major shareholders, which will last for 36 months from the date of listing[108]. Risk Management and Compliance - The company faces significant market competition risks due to the entry of well-known logistics firms into the Xinjiang region[99]. - The company is focused on enhancing its supply chain management services and leveraging big data and internet technologies to maintain competitive advantages[99]. - The company will continue to monitor macroeconomic fluctuations and adjust its risk management strategies accordingly[99]. - The company has established measures to ensure that commitments are effectively fulfilled by its actual controllers[159]. - The company is under scrutiny from the China Securities Regulatory Commission for any potential misleading statements or omissions[156]. Future Outlook and Growth Plans - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion CNY[114]. - New product launches are expected to contribute an additional 200 million CNY in revenue, with a focus on expanding the product line[115]. - The company is considering strategic acquisitions to enhance its supply chain capabilities, with a budget of 300 million CNY earmarked for potential deals[113]. - The company aims to enhance internal information management and develop a comprehensive supply chain information platform in 2019, which will serve as a new profit center[97]. Employee and Investor Relations - The company emphasizes the protection of shareholder rights by enhancing internal management and risk prevention capabilities[200]. - The company has established a training system and incentive mechanisms to enhance employee quality and satisfaction[200]. - The company maintains open communication with investors through various platforms, ensuring timely and objective information dissemination[200]. - The company aims to align individual career development with corporate goals, fostering mutual growth[200].

Financial Performance - Operating revenue for the period was ¥312,139,297.19, down 20.55% year-on-year[8]. - Net profit attributable to shareholders was -¥477,141.33, a decrease of 102.96% compared to the same period last year[8]. - Basic earnings per share were -¥0.0064, reflecting a decline of 102.96% year-on-year[8]. - The company reported a significant decline in net profit year-to-date, down 98.60% to ¥505,206.20[8]. - The net profit attributable to shareholders is expected to range from 4.5 million to 7.5 million yuan, representing a decrease of 89.08% to 81.81% compared to the previous year[21]. Assets and Liabilities - Total assets increased to ¥994,821,538.95, a rise of 26.97% compared to the previous year[8]. - The company's net assets attributable to shareholders decreased by 1.96% to ¥436,917,900.17[8]. - Cash and cash equivalents increased by 66.56% compared to the beginning of the year, mainly due to an increase in the guarantee deposits for bills[17]. - Inventory increased by 80.19% compared to the beginning of the year, attributed to an increase in procurement orders and new business segments[17]. - Other receivables increased by 44.65% compared to the beginning of the year, primarily due to an increase in customer guarantee deposits[17]. Cash Flow - Net cash flow from operating activities reached ¥55,863,104.61, an increase of 171.98% year-to-date[8]. - The net cash flow from operating activities increased by 211.81% year-on-year, mainly due to increased cash inflows from bill discounts[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,658[12]. - The largest shareholder, Xinjiang Tiensheng Investment Group Co., Ltd., holds 44.99% of the shares[13]. Expenses - Management expenses increased by 49.80% year-on-year, mainly due to increased costs from newly established companies and rising labor costs[17]. - Financial expenses increased by 65.02% year-on-year, primarily due to rising funding costs and increased bill discounting[17]. Business Operations - The company is in the early stages of market expansion for its new international air and international train services, leading to higher costs and lower-than-expected profitability[21]. - The company has not engaged in any repurchase transactions during the reporting period[16]. - There are no overdue commitments from controlling shareholders or related parties during the reporting period[20]. Non-recurring Items - Non-recurring gains and losses totaled ¥4,967,557.56 for the year-to-date[10].

Financial Performance - The company's operating revenue for the first half of 2018 was ¥341,955,302.37, a decrease of 36.36% compared to ¥537,287,603.46 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥982,347.53, down 95.10% from ¥20,056,674.82 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥4,163,164.01, a decline of 120.45% compared to ¥20,356,667.33 last year[18]. - Basic earnings per share were ¥0.01, a decrease of 96.30% from ¥0.27 in the same period last year[18]. - The company achieved operating revenue of 341.96 million yuan in the first half of 2018, a decrease of 36.36% compared to the same period last year[37]. - The net profit attributable to shareholders was 982,300 yuan, down 95.10% year-on-year[37]. - The company reported a net profit for the first half of 2018 was CNY 741,862.75, a significant decrease compared to CNY 21,409,965.25 in the prior year, reflecting a decline of approximately 96.5%[165]. - The total comprehensive income for the first half of 2018 was CNY 751,017.39, compared to CNY 21,409,965.25 in the previous year, marking a decline of about 96.5%[166]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to ¥30,073,983.58, up 3,934.78% from ¥745,369.21 in the previous year[18]. - The company reported a 90.14% increase in cash flow from financing activities, amounting to ¥52,108,639.18, due to an increase in bank loans[44]. - The company's cash and cash equivalents rose by 86.02 million yuan, a 123.92% increase, mainly attributed to an increase in bank loans during the reporting period[29]. - The total cash inflow from financing activities amounted to 154,987,047.00 CNY, up from 86,460,000.00 CNY in the prior period, indicating strong financing support[173]. - The total cash and cash equivalents at the end of the period reached 125,670,752.59 CNY, compared to 82,462,168.23 CNY at the end of the previous period, showing improved liquidity[173]. Assets and Liabilities - Total assets at the end of the reporting period were ¥910,370,462.70, an increase of 16.19% from ¥783,518,142.27 at the end of the previous year[18]. - Total liabilities amounted to CNY 455,433,380.17, up 37.4% from CNY 331,505,860.24[157]. - Short-term borrowings increased to CNY 263,069,563.60, a rise of 35.0% from CNY 194,930,348.19[156]. - The company's cash and cash equivalents rose to CNY 120,766,448.25, up 93.7% from CNY 62,352,438.82[160]. Investments and Projects - The total investment during the reporting period was ¥1,700,000.00, a significant increase of 233.33% compared to ¥510,000.00 in the same period last year[54]. - The company made a significant equity investment in a logistics firm with a total investment amount of 600,000 yuan, holding a 70% stake[55]. - The company has established a new logistics service entity focused on railway transportation, which is expected to enhance operational capabilities[55]. - The company reported a total investment of 1,100,000 yuan in a new logistics project, with a 51% ownership stake[58]. Operational Efficiency and Management - The company has established a logistics management system with independent intellectual property rights, improving operational efficiency and reducing costs[33]. - The company has implemented a talent development plan, recruiting experienced management personnel and enhancing training programs[40]. - The company maintained a zero-accident safety record during the reporting period, emphasizing safety management and employee training[42]. - The company is actively pursuing new strategies in supply chain management and logistics services to adapt to market demands[58]. Compliance and Governance - The board of directors has ensured the accuracy and completeness of the financial report, taking legal responsibility for any misstatements or omissions[3]. - The management team is committed to complying with all relevant regulations and guidelines set by the Shenzhen Stock Exchange[88]. - The company has fulfilled its commitments made during the IPO process[89]. - The company is prepared to accept legal responsibility for any violations of commitments made by its executives[89]. Market and Competition - The company is facing market competition risks as new logistics service providers emerge in the Xinjiang region, necessitating a focus on supply chain management services[77]. - Economic cycle fluctuations pose risks to the company's operations, as its business is closely tied to production and consumption levels in Xinjiang[78]. - The company has established a competitive advantage through strong brand reputation and customer loyalty, particularly among large enterprises[30]. Shareholder and Equity Structure - The company’s total share capital is 74,680,000 shares, with 53.08% held by domestic investors after a reduction of 270,000 shares[131]. - Xinjiang Tianshun Investment Group Co., Ltd. holds 44.99% of the shares, with a total of 33,600,000 shares[138]. - The company has a total of 39,639,100 restricted shares at the end of the reporting period[135]. - The company’s shareholding structure shows no foreign investment, with 100% of shares held by domestic investors[131]. Legal and Regulatory Matters - The company reported a significant litigation case involving Urumqi Bank with a disputed amount of 33.59 million yuan, which has not yet resulted in a judgment[98]. - There are no significant penalties or rectification measures reported during the period, reflecting a stable compliance status[101]. - The company has not faced any media scrutiny during the reporting period, indicating a positive public perception[100].

Financial Performance - The company's operating revenue for Q1 2018 was ¥139,891,057.71, a decrease of 24.45% compared to ¥185,157,936.78 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥8,608,765.56, representing a decline of 216.18% from a profit of ¥7,409,681.83 in the previous year[8]. - The basic earnings per share for the reporting period was -¥0.1153, a decline of 216.23% compared to ¥0.0992 in the same period last year[8]. - The net profit for the current year was -¥912.25 million, a decrease of 209.31% compared to the previous year[15]. - The net profit for Q1 2018 was a loss of CNY 9,122,548.25, compared to a profit of CNY 8,345,260.43 in Q1 2017, indicating a significant decline[38]. - The operating profit for the quarter was a loss of CNY 7,384,813.59, compared to a profit of CNY 2,153,382.31 in the previous year[40]. - The total comprehensive income for the period was a loss of CNY 9,122,087.29, contrasting with a comprehensive income of CNY 8,345,260.43 in Q1 2017[38]. Cash Flow - The net cash flow from operating activities improved to ¥6,514,768.40, a significant increase of 150.43% compared to a negative cash flow of ¥12,919,625.52 in the same period last year[8]. - Cash flow from operating activities improved by 150.43% to ¥651.48 million due to increased cash received from sales[16]. - Operating cash inflow totaled CNY 203,005,755.08, an increase from CNY 138,040,280.26 in the previous period, reflecting a growth of approximately 47.1%[44]. - Total cash outflow from operating activities was CNY 196,490,986.68, compared to CNY 150,959,905.78, representing an increase of about 30.2%[44]. - Cash received from sales of goods and services was CNY 155,682,418.08, compared to CNY 111,292,825.38 in the previous period[43]. - Cash inflow from financing activities was CNY 15,189,877.19, a decrease from CNY 21,700,000.00 in the previous period, showing a decline of approximately 30.1%[45]. - Net cash flow from financing activities was -CNY 11,498,919.95, compared to -CNY 8,623,112.50 in the previous year, indicating a worsening cash position[45]. Assets and Liabilities - The total assets at the end of the reporting period were ¥736,859,248.03, down 5.96% from ¥783,518,142.27 at the end of the previous year[8]. - The total liabilities decreased to CNY 293,865,628.03 from CNY 331,505,860.24, reflecting a reduction of 11.4%[30]. - Current liabilities totaled CNY 223,480,592.37, down from CNY 260,652,743.04, indicating a decrease of 14.3%[30]. - Cash and cash equivalents decreased to CNY 46,394,682.58 from CNY 62,352,438.82, a decline of 25.6%[32]. - The total equity attributable to shareholders of the parent company was CNY 437,036,559.80, down from CNY 445,645,332.93[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,426[11]. - The largest shareholder, Xinjiang Tienshun Investment Group Co., Ltd., held 44.99% of the shares, with 33,600,000 shares pledged[11]. Inventory and Receivables - Accounts receivable decreased by 40.54% to ¥66.14 million due to increased bill discounting[15]. - Prepayments decreased by 34.54% to ¥108.61 million as prior prepayments were converted to inventory or recognized as revenue[15]. - Inventory increased by 93.73% to ¥109.87 million due to increased procurement of supply chain products[15]. - Accounts receivable increased to CNY 132,466,080.71 from CNY 115,800,562.75, representing a growth of 14.4%[32]. - Inventory rose significantly to CNY 108,475,863.42 from CNY 56,177,458.02, marking an increase of 93.2%[32]. Operating Expenses - Operating expenses increased significantly, with financial expenses rising by 239.34% to ¥742.76 million due to increased loan scales and interest expenses[15]. - The financial expenses increased to CNY 5,359,976.69 from CNY 1,407,890.49, marking a rise of 280.5% year-over-year[40]. Other Financial Information - The company reported government subsidies of ¥27,773.88 during the period, while other non-operating income and expenses amounted to -¥70,391.27[9]. - The company reported a decrease in undistributed profits to CNY 190,295,810.38 from CNY 198,904,575.94[31]. - The company expects a net loss of between -¥700 million and -¥300 million for the first half of 2018, compared to a net profit of ¥2,005.67 million in the same period last year[20]. - The company reported a 456.96% increase in asset impairment losses to ¥237.54 million due to provisions for bad debts[15]. - The company recorded an asset impairment loss of CNY 2,029,282.91, compared to CNY 271,047.90 in the previous year, indicating an increase in asset impairment[40]. - The company is currently involved in a contract dispute with Urumqi Bank, which may impact future profits[17].