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]

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].