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华鹏飞(300350) - 董事会决议公告
2025-08-26 09:09
证券代码:300350 证券简称:华鹏飞 公告编码:(2025)076号 华鹏飞股份有限公司 第五届董事会第二十六次会议决议公告 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。 华鹏飞股份有限公司(以下简称"公司")于2025年8月25日以通讯表决的 方式召开了第五届董事会第二十六次会议。本次会议的召开已于2025年8月14 日通过电子邮件方式通知所有董事。本次会议应出席董事7名,实际出席董事7 名。分别为张京豫先生、张倩女士、张光明先生、徐丽华女士、徐川先生、曲新 女士以及姜洪章先生。会议的召开符合《中华人民共和国公司法》(以下简称"《公 司法》")和《华鹏飞股份有限公司章程》(以下简称"《公司章程》")的有 关规定,审议并通过如下议案: 一、审议通过《2025 年半年度报告》及其摘要 《2025 年半年度报告》及其摘要详见公司于 2025 年 8 月 27 日刊登在中国 证监会指定创业板信息披露网站巨潮资讯网的相关公告。《2025 年半年度报告 披露提示性公告》同时刊登在《证券时报》、《上海证券报》、《中国证券报》、 《证券日报》。 本议案已经公司董事会审 ...
华鹏飞(300350) - 2025 Q2 - 季度财报
2025-08-26 09:05
[Part I](index=2&type=section&id=Part%20I) [Section I Important Notice, Table of Contents and Definitions](index=2&type=section&id=Section%20I%20Important%20Notice%2C%20Table%20of%20Contents%20and%20Definitions) This section provides crucial disclaimers, a comprehensive report directory, and definitions of key terms for accurate understanding [Important Notice](index=2&type=section&id=Important%20Notice) The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, assuming legal responsibility - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the report content[4](index=4&type=chunk) - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital[5](index=5&type=chunk) - Content related to future plans and performance forecasts in this report does not constitute a commitment by the company to any investors or related parties, and investors should maintain sufficient risk awareness[4](index=4&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) This report's clear directory lists eight main chapters, covering important notices, company profile, management discussion and analysis, corporate governance, significant matters, share changes and shareholder information, bond-related matters, and financial reports - The report contains eight main chapters, clearly structured for easy reference[7](index=7&type=chunk) [Definitions](index=4&type=section&id=Definitions) This section defines common terms used in the report, including company abbreviations, regulatory bodies, currency units, reporting period, A-shares, laws and regulations, and specialized terms related to major subsidiaries and businesses - The reporting period is defined as **January 1, 2025, to June 30, 2025**[14](index=14&type=chunk) - Key institutions such as **Huapengfei**, **CSRC**, **SZSE**, and **China Securities Depository and Clearing Corporation** are defined[14](index=14&type=chunk) - Full names and abbreviations of major subsidiaries like **Bohan Weiye**, **Huapengfei Supply Chain**, and **Hongtu Chuangzhan** are included[14](index=14&type=chunk) [Section II Company Profile and Key Financial Indicators](index=6&type=section&id=Section%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's basic information and presents its key financial performance metrics for the reporting period [I. Company Profile](index=6&type=section&id=I.%20Company%20Profile) Huapengfei Co., Ltd., stock abbreviation "Huapengfei" and stock code 300350, is listed on the Shenzhen Stock Exchange, with Zhang Jingyu as its legal representative - Stock Abbreviation: **Huapengfei**, Stock Code: **300350**[17](index=17&type=chunk) - Stock Exchange: **Shenzhen Stock Exchange**[17](index=17&type=chunk) - Legal Representative: **Zhang Jingyu**[17](index=17&type=chunk) [II. Contact Person and Contact Information](index=6&type=section&id=II.%20Contact%20Person%20and%20Contact%20Information) The company's Board Secretary Cheng Yuqi and Securities Affairs Representative Zhang Lei share the same contact address, phone, fax, and email - Board Secretary: **Cheng Yuqi**, Securities Affairs Representative: **Zhang Lei**[18](index=18&type=chunk) - Contact Phone: **0755-84190988**, Email: **ir@huapengfei.com**[18](index=18&type=chunk) [III. Other Information](index=6&type=section&id=III.%20Other%20Information) During the reporting period, there were no changes in the company's registered address, office address, website, email, information disclosure, or registration status - The company's contact information, information disclosure and placement locations, and registration status remained unchanged during the reporting period[19](index=19&type=chunk)[20](index=20&type=chunk)[21](index=21&type=chunk) - Specific information can be found in the **2024 Annual Report**[19](index=19&type=chunk)[20](index=20&type=chunk)[21](index=21&type=chunk) [IV. Key Accounting Data and Financial Indicators](index=7&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) This reporting period saw a **17.69%** increase in operating revenue to **188.05 million yuan**, but net profit attributable to shareholders significantly decreased by **91.16%** to **2.08 million yuan** Key Accounting Data and Financial Indicators (Consolidated Statements) | Indicator | Current Reporting Period (RMB) | Prior Year Period (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 188,051,387.50 | 159,789,620.54 | 17.69% | | Net Profit Attributable to Shareholders of Listed Company | 2,075,651.62 | 23,470,170.58 | -91.16% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains and Losses) | 2,877,096.85 | -17,923,067.83 | 116.05% | | Net Cash Flow from Operating Activities | -51,669,293.30 | -19,400,012.55 | -166.34% | | Basic Earnings Per Share (RMB/share) | 0.0037 | 0.0417 | -91.13% | | Diluted Earnings Per Share (RMB/share) | 0.0037 | 0.0417 | -91.13% | | Weighted Average Return on Net Assets | 0.23% | 2.57% | -2.34% | | **End of Current Reporting Period** | **End of Prior Year** | **Change from Prior Year End** | | | Total Assets | 1,318,434,347.60 | 1,116,548,258.85 | 18.08% | | Net Assets Attributable to Shareholders of Listed Company | 920,946,247.13 | 918,870,595.51 | 0.23% | [V. Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=7&type=section&id=V.%20Differences%20in%20Accounting%20Data%20Under%20Domestic%20and%20Overseas%20Accounting%20Standards) During the reporting period, the company reported no differences in net profit and net assets between financial statements prepared under international or overseas accounting standards and Chinese accounting standards - The company reported no differences in accounting data under domestic and overseas accounting standards during the reporting period[23](index=23&type=chunk)[24](index=24&type=chunk) [VI. Non-recurring Gains and Losses and Amounts](index=7&type=section&id=VI.%20Non-recurring%20Gains%20and%20Losses%20and%20Amounts) During the reporting period, the company's total non-recurring gains and losses amounted to negative **0.80 million yuan**, primarily including disposal gains/losses of non-current assets, government subsidies, and fair value changes Non-recurring Gains and Losses and Amounts | Item | Amount (RMB) | | :--- | :--- | | Gains and losses from disposal of non-current assets | 303,546.16 | | Government subsidies recognized in current profit or loss | 155,000.00 | | Gains and losses from changes in fair value and disposal of financial assets and liabilities | -1,739,030.90 | | Gains and losses from entrusted investment or asset management | 821,213.11 | | Reversal of impairment provisions for accounts receivable subject to separate impairment testing | 100,000.00 | | Other non-operating income and expenses apart from the above | -393,173.60 | | Impact of minority interests (after tax) | 49,000.00 | | Total | -801,445.23 | - The company has no other profit or loss items that meet the definition of non-recurring gains and losses[27](index=27&type=chunk) [Section III Management Discussion and Analysis](index=9&type=section&id=Section%20III%20Management%20Discussion%20and%20Analysis) This section analyzes the company's primary business operations, core competencies, financial performance, and risk factors during the reporting period [I. Main Business Engaged by the Company During the Reporting Period](index=9&type=section&id=I.%20Main%20Business%20Engaged%20by%20the%20Company%20During%20the%20Reporting%20Period) The company primarily operates in the global integrated modern logistics service industry, offering trunk full-truckload, less-than-truckload, and supply chain management services [1. Industry Situation of the Company During the Reporting Period](index=9&type=section&id=1.%20Industry%20Situation%20of%20the%20Company%20During%20the%20Reporting%20Period) In the first half of 2025, China's logistics industry showed stable growth and improved efficiency, with strong demand from emerging industries, but faced service price fluctuations and operational pressures for micro-entities - National social logistics aggregate reached **171.3 trillion yuan** in the first half, a **5.6% year-on-year increase**, 0.3 percentage points higher than GDP growth[30](index=30&type=chunk) - Total logistics industry revenue was **6.9 trillion yuan** in the first half, a **5.0% year-on-year increase**[31](index=31&type=chunk) - Logistics demand from emerging industries was strong, with equipment manufacturing logistics demand growing by **10.9%** and high-tech manufacturing logistics demand by **9.7%**[30](index=30&type=chunk) - The ratio of total social logistics costs to GDP was **14.0%**, indicating significant achievements in cost reduction and efficiency improvement[32](index=32&type=chunk) [2. Main Business Engaged by the Company During the Reporting Period](index=11&type=section&id=2.%20Main%20Business%20Engaged%20by%20the%20Company%20During%20the%20Reporting%20Period) The company's core business is global integrated modern logistics services, providing comprehensive solutions and supply chain management for manufacturing and import/export trade clients - The company's main business is global integrated modern logistics services, offering global comprehensive logistics solutions and supply chain management services[37](index=37&type=chunk) - Service models include **trunk full-truckload transportation** (large volume, high-value goods) and **less-than-truckload** (small volume, high-frequency goods)[37](index=37&type=chunk)[38](index=38&type=chunk) - The company executes logistics solutions through its own fleet (e.g., cross-border TIR transport) and by integrating social logistics resources (outsourced vehicles, leased warehousing)[38](index=38&type=chunk)[39](index=39&type=chunk) [3. Company's Main Business Situation](index=12&type=section&id=3.%20Company%27s%20Main%20Business%20Situation) During the reporting period, the company's operating revenue increased by **17.69%** to **188.05 million yuan**, but net profit attributable to the parent company decreased by **91.16%** to **2.08 million yuan** Company's Main Business Financial Performance | Indicator | Current Reporting Period (RMB 10,000) | Prior Year Period (RMB 10,000) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 18,805.14 | 15,978.96 | 17.69% | | Net Profit Attributable to Parent Company Owners | 207.57 | 2,347.02 | -91.16% | | Cash Inflow from Operating Activities | 17,098.89 | 21,674.01 | -21.11% | | Cash Received from Sales of Goods and Provision of Services | 16,490.86 | 16,502.72 | -0.07% | - The company strengthened cooperation with existing clients, expanded direct client business, optimized service processes, and enhanced client satisfaction[40](index=40&type=chunk) - The company established its own fleet by purchasing transport vehicles in bulk, initiated a new cross-border road efficient transport model using TIR customs clearance advantages, and deployed service networks in Kazakhstan and the Caspian Sea region[41](index=41&type=chunk) [II. Analysis of Core Competencies](index=12&type=section&id=II.%20Analysis%20of%20Core%20Competencies) The company's core competencies include business synergy and integration, professional service capabilities, financial settlement advantages, and a strong brand image - The company possesses integrated operational capabilities, offering multi-network, long-chain, and end-to-end logistics services, enhancing client stickiness[42](index=42&type=chunk) - The company holds professional qualifications such as **oversized cargo transportation**, **NVOCC**, international road general cargo transport filing, **TIR authorized holder certificates**, and **AEO advanced certification**[43](index=43&type=chunk) - The company has considerable financial strength, ensuring timely payment to suppliers and advance payments for clients, supporting logistics operations and client loyalty[45](index=45&type=chunk) - Through years of industry accumulation, the company has amassed rich service experience and high-quality client resources, establishing a strong brand reputation[46](index=46&type=chunk) [III. Analysis of Main Business](index=13&type=section&id=III.%20Analysis%20of%20Main%20Business) During the reporting period, the company's operating revenue increased by **17.69%**, but a larger increase in operating costs squeezed profit margins Major Financial Data Year-on-Year Changes | Indicator | Current Reporting Period (RMB) | Prior Year Period (RMB) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 188,051,387.50 | 159,789,620.54 | 17.69% | | | Operating Cost | 163,349,650.64 | 137,758,475.48 | 18.58% | | | Selling Expenses | 2,892,799.09 | 3,361,580.03 | -13.95% | | | Administrative Expenses | 23,903,967.56 | 24,989,616.38 | -4.34% | | | Financial Expenses | 944,442.85 | 781,669.16 | 20.82% | | | Income Tax Expense | 157,934.64 | 233,708.69 | -32.42% | Primarily due to reduced company profit in the reporting period | | R&D Investment | 3,313,938.21 | 4,057,910.63 | -18.33% | | | Net Cash Flow from Operating Activities | -51,669,293.30 | -19,400,012.55 | -166.34% | Primarily due to the company receiving performance compensation from Li Changjun and Yang Yang in the prior year period | | Net Cash Flow from Investing Activities | -63,303,531.23 | 157,478,577.28 | -140.20% | Primarily due to increased purchases of wealth management products by the company in the reporting period | | Net Cash Flow from Financing Activities | 61,717,454.65 | -41,274,634.17 | 249.53% | Primarily due to increased borrowings from financial institutions by the company in the reporting period | | Net Increase in Cash and Cash Equivalents | -53,332,661.08 | 96,604,365.40 | -155.21% | Primarily due to increased purchases of wealth management products by the company in the reporting period | Product or Service Accounting for Over 10% of Revenue | Product or Service | Operating Revenue (RMB) | Operating Cost (RMB) | Gross Margin | YoY Change in Operating Revenue | YoY Change in Operating Cost | YoY Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Domestic Integrated Logistics Services | 123,699,868.60 | 115,760,341.35 | 6.42% | 23.20% | 32.07% | -6.28% | | International Logistics Services | 47,734,438.92 | 44,014,459.86 | 7.79% | -7.71% | -10.73% | 3.12% | [IV. Analysis of Non-Main Business](index=14&type=section&id=IV.%20Analysis%20of%20Non-Main%20Business) During the reporting period, non-main business significantly impacted total profit, with investment income reaching **14.69 million yuan**, accounting for **698.46%** of total profit Non-Main Business Analysis | Item | Amount (RMB) | Proportion of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 14,692,109.20 | 698.46% | Primarily due to increased investment income from the company's equity in associate Hongtu Chuangzhan during the reporting period | No | | Fair Value Change Gains and Losses | -1,739,030.90 | -82.67% | Primarily due to changes in the fair value of the company's equity in Jianguang Guangpeng at the end of the reporting period | No | | Non-operating Income | 140,616.84 | 6.68% | | No | | Non-operating Expenses | 533,790.44 | 25.38% | | No | | Credit Impairment Losses | -2,417,112.24 | -114.91% | Primarily due to impairment provisions for accounts receivable by the company in the reporting period | Yes | [V. Analysis of Assets and Liabilities](index=14&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) At the end of the reporting period, the company's total assets increased by **18.08%** year-on-year, while monetary funds decreased by **5.98%** due to wealth management product purchases Significant Changes in Asset Composition | Item | Amount at End of Current Reporting Period (RMB) | Proportion of Total Assets | Amount at End of Prior Year (RMB) | Proportion of Total Assets | Change in Proportion | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 88,444,458.90 | 6.71% | 141,659,152.90 | 12.69% | -5.98% | Primarily due to the company's purchase of wealth management products during the reporting period | | Accounts Receivable | 424,715,484.33 | 32.21% | 328,180,794.38 | 29.39% | 2.82% | Primarily due to increased accounts receivable from the company's logistics and supply chain business growth during the reporting period | | Short-term Borrowings | 88,249,528.09 | 6.69% | 24,070,144.49 | 2.16% | 4.53% | Primarily due to increased borrowings from financial institutions by the company during the reporting period | | Accounts Payable | 112,856,877.82 | 8.56% | 75,263,804.42 | 6.74% | 1.82% | | Assets and Liabilities Measured at Fair Value | Item | Amount at End of Period (RMB) | | :--- | :--- | | Trading Financial Assets | 165,231,669.10 | | Other Non-current Financial Assets | 117,883,700.00 | | Accounts Receivable Financing | 32,411,040.64 | | Total | 315,526,409.74 | Asset Rights Restricted at End of Reporting Period | Item | Book Value at End of Period (RMB) | Reason for Restriction | | :--- | :--- | :--- | | Monetary Funds | 15,611,777.04 | Bank acceptance bill margin, others | | Notes Receivable | 6,903,442.39 | Discounted | | Fixed Assets | 4,836,398.31 | Talent housing has limited property rights, disposal is restricted | | Intangible Assets | 58,478.02 | Pledged for loans | | Total | 27,410,095.76 | | [VI. Analysis of Investment Status](index=16&type=section&id=VI.%20Analysis%20of%20Investment%20Status) During the reporting period, the company's total investment amounted to **564.46 million yuan**, a **14.15%** increase year-on-year, with **165 million yuan** in outstanding entrusted wealth management products Total Investment | Indicator | Investment Amount in Reporting Period (RMB) | Investment Amount in Prior Year Period (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | Total Investment | 564,460,460.79 | 494,468,836.56 | 14.15% | Overview of Entrusted Wealth Management | Specific Type | Entrusted Wealth Management Amount (RMB 10,000) | Outstanding Balance (RMB 10,000) | | :--- | :--- | :--- | | Bank Wealth Management Products | 16,000.00 | 15,000.00 | | Brokerage Wealth Management Products | 1,500.00 | 1,500.00 | | Total | 17,500.00 | 16,500.00 | - The company had no use of raised funds, derivative investments, or entrusted loans during the reporting period[62](index=62&type=chunk)[64](index=64&type=chunk)[65](index=65&type=chunk) [VII. Major Asset and Equity Sales](index=17&type=section&id=VII.%20Major%20Asset%20and%20Equity%20Sales) During the reporting period, the company did not engage in any major asset or equity sales - The company did not sell major assets during the reporting period[66](index=66&type=chunk) - The company did not sell major equity during the reporting period[67](index=67&type=chunk) [VIII. Analysis of Major Holding and Associate Companies](index=17&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Associate%20Companies) The company's major subsidiaries include Dongguan Huapengfei Modern Logistics, Shenzhen Huayuanhong International Logistics, and Shenzhen Huapengfei Supply Chain Management Co., Ltd., with associate Liaoning Hongtu Chuangzhan Surveying and Mapping Co., Ltd. significantly impacting net profit Major Subsidiaries and Associate Companies with Over 10% Impact on Company Net Profit | Company Name | Company Type | Main Business | Registered Capital (RMB 10,000) | Total Assets (RMB 10,000) | Net Assets (RMB 10,000) | Operating Revenue (RMB 10,000) | Operating Profit (RMB 10,000) | Net Profit (RMB 10,000) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Dongguan Huapengfei Modern Logistics Co., Ltd. | Subsidiary | Domestic Integrated Logistics Services | 15,508.00 | 16,140.28 | 11,234.17 | 307.07 | -662.48 | -659.13 | | Shenzhen Huayuanhong International Logistics Co., Ltd. | Subsidiary | International Logistics Services | 500.00 | 3,492.76 | -1,069.47 | 4,773.44 | -13.07 | -13.07 | | Shenzhen Huapengfei Supply Chain Management Co., Ltd. | Subsidiary | Supply Chain Management Services | 3,077.00 | 24,745.75 | 7,579.57 | 994.95 | 617.93 | 540.25 | | Liaoning Hongtu Chuangzhan Surveying and Mapping Co., Ltd. | Associate | Geographic Information Technology Services | 5,125.00 | 53,287.78 | 17,399.95 | 12,188.36 | 3,007.82 | 2,901.56 | - At the end of the reporting period, the company held **47.8049%** equity in Hongtu Chuangzhan, recognizing **13.8709 million yuan** in investment income using the equity method[69](index=69&type=chunk) [IX. Information on Structured Entities Controlled by the Company](index=18&type=section&id=IX.%20Information%20on%20Structured%20Entities%20Controlled%20by%20the%20Company) During the reporting period, the company did not control any structured entities - The company did not control any structured entities during the reporting period[70](index=70&type=chunk) [X. Risks Faced by the Company and Countermeasures](index=18&type=section&id=X.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces risks related to international political relations, intensified market competition, operational management, exchange rate fluctuations, credit policies, accounts receivable, and outsourcing of some logistics services - Fluctuations in international political relations and trade policies may adversely affect the company's overseas service business[70](index=70&type=chunk) - Intensified competition in the logistics industry requires the company to differentiate itself in market expansion, service quality, cost control, and model innovation[71](index=71&type=chunk) - The company's global business expansion leads to large foreign currency settlement volumes, exposing it to exchange rate fluctuation risks, necessitating the use of foreign exchange management tools to mitigate risks[73](index=73&type=chunk)[74](index=74&type=chunk) - Accounts receivable recovery risk exists due to advance payments and changes in client creditworthiness; the company controls this risk by strengthening dynamic credit monitoring and pre-assessment[75](index=75&type=chunk) [XI. Registration Form for Research, Communication, Interview, and Other Activities During the Reporting Period](index=19&type=section&id=XI.%20Registration%20Form%20for%20Research%2C%20Communication%2C%20Interview%2C%20and%20Other%20Activities%20During%20the%20Reporting%20Period) During the reporting period, the company hosted multiple on-site institutional investor surveys, discussing future performance growth, main business, operations, strategic layout, and client base - The company hosted multiple on-site institutional investor surveys on **January 14, January 16, March 14, March 21, and March 24, 2025**[77](index=77&type=chunk)[78](index=78&type=chunk)[79](index=79&type=chunk) - Survey content primarily focused on the company's future performance growth avenues, main business, operational status, strategic layout, and client base[77](index=77&type=chunk)[78](index=78&type=chunk)[79](index=79&type=chunk) - The company participated in the **2024 Annual Performance Briefing** via online remote means on **May 21, 2025**[79](index=79&type=chunk) [XII. Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=21&type=section&id=XII.%20Formulation%20and%20Implementation%20of%20Market%20Value%20Management%20System%20and%20Valuation%20Enhancement%20Plan) During the reporting period, the company did not formulate a market value management system or disclose a valuation enhancement plan - The company did not formulate a market value management system[80](index=80&type=chunk) - The company did not disclose a valuation enhancement plan[80](index=80&type=chunk) [XIII. Implementation of "Quality and Return Dual Improvement" Action Plan](index=21&type=section&id=XIII.%20Implementation%20of%20%22Quality%20and%20Return%20Dual%20Improvement%22%20Action%20Plan) During the reporting period, the company did not disclose an announcement regarding the "Quality and Return Dual Improvement" action plan - The company did not disclose an announcement regarding the "Quality and Return Dual Improvement" action plan[80](index=80&type=chunk) [Section IV Corporate Governance, Environment and Society](index=22&type=section&id=Section%20IV%20Corporate%20Governance%2C%20Environment%20and%20Society) This section details changes in the company's governance structure, profit distribution, employee incentives, environmental disclosures, and social responsibility initiatives [I. Changes in Directors, Supervisors, and Senior Management of the Company](index=22&type=section&id=I.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management%20of%20the%20Company) During the reporting period, there were changes in the company's directors, supervisors, and senior management, with Sheng Baojun resigning as independent director and Jiang Hongzhang being elected as independent director Changes in Directors, Supervisors, and Senior Management of the Company | Name | Position | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Sheng Baojun | Independent Director | Resignation | March 13, 2025 | Personal reasons | | Jiang Hongzhang | Independent Director | Elected | March 13, 2025 | Appointed | [II. Profit Distribution and Capital Reserve Conversion to Share Capital During the Reporting Period](index=22&type=section&id=II.%20Profit%20Distribution%20and%20Capital%20Reserve%20Conversion%20to%20Share%20Capital%20During%20the%20Reporting%20Period) The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period - The company plans not to distribute cash dividends, bonus shares, or convert capital reserves into share capital for the semi-annual period[83](index=83&type=chunk) [III. Implementation of Company's Equity Incentive Plan, Employee Stock Ownership Plan, or Other Employee Incentive Measures](index=22&type=section&id=III.%20Implementation%20of%20Company%27s%20Equity%20Incentive%20Plan%2C%20Employee%20Stock%20Ownership%20Plan%2C%20or%20Other%20Employee%20Incentive%20Measures) During the reporting period, the company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures and their implementation - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures and their implementation during the reporting period[84](index=84&type=chunk) [IV. Environmental Information Disclosure](index=22&type=section&id=IV.%20Environmental%20Information%20Disclosure) The company and its major subsidiaries were not included in the list of enterprises required to disclose environmental information by law - The listed company and its major subsidiaries were not included in the list of enterprises required to disclose environmental information by law[85](index=85&type=chunk) [V. Social Responsibility Situation](index=22&type=section&id=V.%20Social%20Responsibility%20Situation) During the reporting period, the company actively fulfilled its social responsibilities by improving governance, ensuring timely information disclosure, protecting shareholder and client rights, and adhering to environmental regulations - The company protects shareholder rights by improving governance structure, standardizing operations, timely and accurate information disclosure, and formulating stable profit distribution policies[86](index=86&type=chunk) - The company adheres to a client-centric approach, achieving **ISO9001**, **ISO14001**, and **ISO18001** certifications, continuously improving and innovating to enhance client satisfaction[87](index=87&type=chunk)[88](index=88&type=chunk) - The company complies with labor laws, provides basic benefits for employees, and establishes labor unions, committed to providing a safe, healthy, and harmonious professional environment[89](index=89&type=chunk) - The company and its subsidiaries were not included in the list of enterprises required to disclose environmental information by law, and no penalties for environmental violations occurred during the reporting period[90](index=90&type=chunk) [Section V Significant Matters](index=24&type=section&id=Section%20V%20Significant%20Matters) This section covers important commitments, related party transactions, guarantees, litigation, and other significant events affecting the company [I. Commitments Fulfilled and Overdue Unfulfilled Commitments by Actual Controller, Shareholders, Related Parties, Acquirers, and the Company During and as of the End of the Reporting Period](index=24&type=section&id=I.%20Commitments%20Fulfilled%20and%20Overdue%20Unfulfilled%20Commitments%20by%20Actual%20Controller%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%20During%20and%20as%20of%20the%20End%20of%20the%20Reporting%20Period) During the reporting period, the company had no overdue unfulfilled commitments by its actual controller, shareholders, related parties, acquirers, or the company itself - The company reported no overdue unfulfilled commitments during the reporting period[92](index=92&type=chunk) [II. Non-Operating Funds Occupied by Controlling Shareholder and Other Related Parties of the Listed Company](index=24&type=section&id=II.%20Non-Operating%20Funds%20Occupied%20by%20Controlling%20Shareholder%20and%20Other%20Related%20Parties%20of%20the%20Listed%20Company) During the reporting period, there were no instances of non-operating funds being occupied by the controlling shareholder or other related parties of the listed company - During the reporting period, there were no instances of non-operating funds being occupied by the controlling shareholder or other related parties of the listed company[93](index=93&type=chunk) [III. Irregular External Guarantees](index=24&type=section&id=III.%20Irregular%20External%20Guarantees) During the reporting period, the company had no irregular external guarantees - The company had no irregular external guarantees during the reporting period[94](index=94&type=chunk) [IV. Appointment and Dismissal of Accounting Firms](index=24&type=section&id=IV.%20Appointment%20and%20Dismissal%20of%20Accounting%20Firms) The company's semi-annual financial report was not audited - The company's semi-annual report was not audited[95](index=95&type=chunk) [V. Explanation by Board of Directors, Supervisory Board, and Audit Committee on "Non-Standard Audit Report" for the Current Reporting Period](index=24&type=section&id=V.%20Explanation%20by%20Board%20of%20Directors%2C%20Supervisory%20Board%2C%20and%20Audit%20Committee%20on%20%22Non-Standard%20Audit%20Report%22%20for%20the%20Current%20Reporting%20Period) During the reporting period, the company did not have a non-standard audit report - The company did not have a non-standard audit report during the reporting period[96](index=96&type=chunk) [VI. Explanation by Board of Directors on "Non-Standard Audit Report" for the Prior Year](index=24&type=section&id=VI.%20Explanation%20by%20Board%20of%20Directors%20on%20%22Non-Standard%20Audit%20Report%22%20for%20the%20Prior%20Year) During the reporting period, the company had no explanation regarding the non-standard audit report for the prior year - The company had no explanation regarding the non-standard audit report for the prior year during the reporting period[96](index=96&type=chunk) [VII. Matters Related to Bankruptcy and Reorganization](index=24&type=section&id=VII.%20Matters%20Related%20to%20Bankruptcy%20and%20Reorganization) During the reporting period, the company did not experience any matters related to bankruptcy and reorganization - The company did not experience any matters related to bankruptcy and reorganization during the reporting period[96](index=96&type=chunk) [VIII. Litigation Matters](index=24&type=section&id=VIII.%20Litigation%20Matters) The company is involved in significant litigation and arbitration, including a dispute over equity repurchase payments and related income totaling **64.8 million yuan**, and fire-related claims amounting to **10.91 million yuan** Significant Litigation and Arbitration Matters | Basic Situation of Litigation (Arbitration) | Amount Involved (RMB 10,000) | Provision for Estimated Liabilities | Progress of Litigation (Arbitration) | Outcome and Impact of Trial | Status of Judgment Enforcement | Disclosure Date | Disclosure Index | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | As plaintiff, the company filed a lawsuit with the Shenzhen Intermediate People's Court in June 2017, demanding that Gao Shengtao and eight other defendants repurchase the company's 16.43% equity in Saifute Technology Co., Ltd. (redemption price 54 million yuan) and pay corresponding annual income (10.8 million yuan), totaling 64.8 million yuan. | 6,480 | No | The company won in the first instance; the second instance upheld the first instance judgment; on November 7, 2023, the Supreme People's Court ruled to reject Jiangsu Yueda Venture Capital Co., Ltd.'s application for retrial. | The judgment ordered defendant Gao Shengtao to pay the company equity repurchase funds and corresponding income, and the other seven defendants, excluding Gao Shengtao, should bear supplementary repayment liability to the company for Gao Shengtao's payment obligations in corresponding proportions. | As of the end of this reporting period, the company has cumulatively received 47.0607 million yuan in equity repurchase funds and corresponding income. Apart from the amounts already enforced in this case, no other executable assets of the executors Gao Shengtao and Chen Anming have been found, and the enforcement procedure cannot continue, pending the fulfillment of conditions for resuming enforcement. The company will continue to monitor the progress of judgment enforcement and timely fulfill information disclosure obligations. | April 16, 2023 | Announcement Code: (2023)018; Announcement Name: Announcement on the Progress of the Company's Litigation Case | - The company is involved in fire disputes, being sued as a defendant for joint liability for cargo damage, with **5 cases** still pending, involving **10.9123 million yuan**, for which the company has accrued an estimated loss of **3.2737 million yuan** (30%)[597](index=597&type=chunk) [IX. Penalties and Rectification](index=25&type=section&id=IX.%20Penalties%20and%20Rectification) During the reporting period, the company had no penalties or rectification situations - The company had no penalties or rectification situations during the reporting period[99](index=99&type=chunk) [X. Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=25&type=section&id=X.%20Integrity%20Status%20of%20the%20Company%2C%20its%20Controlling%20Shareholder%2C%20and%20Actual%20Controller) During the reporting period, there were no integrity issues concerning the company, its controlling shareholder, or actual controller - During the reporting period, there were no integrity issues concerning the company, its controlling shareholder, or actual controller[100](index=100&type=chunk) [XI. Significant Related Party Transactions](index=26&type=section&id=XI.%20Significant%20Related%20Party%20Transactions) During the reporting period, the company did not engage in related party transactions related to daily operations, asset/equity acquisitions or disposals, joint external investments, related party creditor-debtor relationships, or dealings with affiliated financial companies - The company did not engage in related party transactions related to daily operations during the reporting period[101](index=101&type=chunk) - The company did not engage in related party transactions involving asset or equity acquisition or disposal during the reporting period[102](index=102&type=chunk) - The company had no related party creditor-debtor relationships during the reporting period[104](index=104&type=chunk) [XII. Significant Contracts and Their Performance](index=26&type=section&id=XII.%20Significant%20Contracts%20and%20Their%20Performance) During the reporting period, the company had no entrustment, contracting, or leasing matters but provided significant guarantees for its subsidiaries' borrowings - The company had no entrustment, contracting, or leasing situations during the reporting period[108](index=108&type=chunk)[109](index=109&type=chunk)[110](index=110&type=chunk) Company's Guarantees for Subsidiaries | Guaranteed Party | Guarantee Limit (RMB 10,000) | Actual Guarantee Amount (RMB 10,000) | Guarantee Period | Fulfilled | | :--- | :--- | :--- | :--- | :--- | | Huapengfei Supply Chain | 6,000 | 1,000 | Guarantee period not exceeding 3 years after credit term expires | Yes | | Huapengfei Supply Chain | 6,000 | 1,000 | Guarantee period not exceeding 3 years after credit term expires | Yes | | Huapengfei Supply Chain | 6,000 | 1,000 | Guarantee period not exceeding 3 years after credit term expires | No | | Huayuanhong | 3,000 | 1,000 | Guarantee period not exceeding 3 years after credit term expires | No | | Shanghai Huapengfei | 10,000 | 3,000 | Guarantee period not exceeding 3 years after credit term expires | No | | Huapengfei Supply Chain | 6,000 | 1,000 | Guarantee period not exceeding 3 years after credit term expires | No | | Huapengfei Supply Chain | 6,000 | 1,000 | Guarantee period not exceeding 3 years after credit term expires | No | | Total approved guarantee limit for subsidiaries during reporting period (B1) | 21,000 | | | | | Total actual guarantee amount for subsidiaries during reporting period (B2) | 9,000 | | | | | Total approved guarantee limit for subsidiaries at end of reporting period (B3) | 27,000 | | | | | Total actual guarantee balance for subsidiaries at end of reporting period (B4) | 5,285.57 | | | | | Proportion of total actual guarantee amount to company's net assets | 5.74% | | | | [XIII. Explanation of Other Significant Matters](index=29&type=section&id=XIII.%20Explanation%20of%20Other%20Significant%20Matters) The company has signed strategic cooperation framework agreements with Vision Mingde (Beijing) Holding Group Co., Ltd., Shenzhen Shenzhongrun Green Technology Co., Ltd., and Ririshun Supply Chain Technology Co., Ltd., covering old community renovation, smart community construction, and cross-border integrated logistics - The company signed a strategic cooperation framework agreement with **Vision Mingde (Beijing) Holding Group Co., Ltd.**, focusing on comprehensive renovation of old communities, redevelopment of inefficient urban land, property management services, and elder care services[116](index=116&type=chunk) - The company signed a strategic cooperation framework agreement with **Shenzhen Shenzhongrun Green Technology Co., Ltd.**, jointly committed to building a full lifecycle smart community with "green energy saving + healthy low carbon + smart living"[116](index=116&type=chunk) - The company signed a strategic cooperation framework agreement with **Ririshun Supply Chain Technology Co., Ltd.** for strategic cooperation in cross-border integrated logistics[116](index=116&type=chunk) - As of the end of the reporting period, these agreements remain valid, but related cooperation matters have not yet made significant progress[117](index=117&type=chunk) [XIV. Significant Matters of Company Subsidiaries](index=29&type=section&id=XIV.%20Significant%20Matters%20of%20Company%20Subsidiaries) During the reporting period, the company's wholly-owned subsidiary Huapengfei (Hong Kong) Co., Ltd. acquired **0.5%** equity in TOO "HPF KZ", making it a wholly-owned subsidiary - The company's wholly-owned subsidiary **Huapengfei (Hong Kong) Co., Ltd.** acquired **0.5%** equity in TOO "HPF KZ", making it a wholly-owned subsidiary, with industrial and commercial registration completed on **May 27, 2025**[118](index=118&type=chunk) - The company's wholly-owned subsidiary **Yixianda** subscribed for new shares of Shenzhen Zhongchen Chuangyou Consulting Management Co., Ltd. with **500,000 yuan**, holding **8.000059%** of shares, with industrial and commercial registration completed on **June 4, 2025**[119](index=119&type=chunk)[120](index=120&type=chunk) - The company's wholly-owned subsidiary **Bohan Weiye** plans to transfer **38.31%** of its equity in Hongtu Chuangzhan to Shenyang Data Group Co., Ltd. for **150.05 million yuan**, having received the first installment of **60.02 million yuan**; as of the end of the reporting period, industrial and commercial changes and payment of the second installment have not yet been completed[121](index=121&type=chunk) [Section VI Changes in Shares and Shareholder Information](index=31&type=section&id=Section%20VI%20Changes%20in%20Shares%20and%20Shareholder%20Information) This section details changes in the company's share capital, securities issuance, shareholder structure, and director/supervisor/senior management shareholdings [I. Changes in Shares](index=31&type=section&id=I.%20Changes%20in%20Shares) During the reporting period, the company's total share capital remained unchanged at **562,012,279 shares**, with no changes in the structure of restricted and unrestricted shares Changes in Shares | Category | Number Before Change (shares) | Proportion Before Change | Increase/Decrease in This Change (+, -) | Number After Change (shares) | Proportion After Change | | :--- | :--- | :--- | :--- | :--- | :--- | | I. Restricted Shares | 90,446,862 | 16.09% | 0 | 90,446,862 | 16.09% | | II. Unrestricted Shares | 471,565,417 | 83.91% | 0 | 471,565,417 | 83.91% | | III. Total Shares | 562,012,279 | 100.00% | 0 | 562,012,279 | 100.00% | Changes in Restricted Shares | Shareholder Name | Restricted Shares at Beginning of Period | Restricted Shares at End of Period | Reason for Restriction | | :--- | :--- | :--- | :--- | | Zhang Jingyu | 66,273,244 | 66,273,244 | Senior management lock-up shares | | Zhang Qian | 16,278,012 | 16,278,012 | Senior management lock-up shares | | Qi Changfeng | 5,587,481 | 5,587,481 | IPO restricted commitment | | Zhang Guangming | 1,139,100 | 1,139,100 | Senior management lock-up shares | | Zhang Chao | 1,140,000 | 1,140,000 | IPO restricted commitment | | Zhan Juan | 29,025 | 29,025 | Senior management lock-up shares | | Total | 90,446,862 | 90,446,862 | | [II. Securities Issuance and Listing](index=32&type=section&id=II.%20Securities%20Issuance%20and%20Listing) During the reporting period, the company had no securities issuance or listing activities - The company had no securities issuance or listing activities during the reporting period[125](index=125&type=chunk) [III. Company Shareholder Numbers and Shareholding Status](index=33&type=section&id=III.%20Company%20Shareholder%20Numbers%20and%20Shareholding%20Status) At the end of the reporting period, the total number of common shareholders was **37,754**, with Zhang Jingyu as the largest shareholder holding **15.72%** of shares, and a portion of his shares pledged - Total number of common shareholders at the end of the reporting period: **37,754**[127](index=127&type=chunk) Top 10 Shareholders' Shareholding Status | Shareholder Name | Shareholder Nature | Shareholding Ratio | Number of Shares Held at End of Reporting Period (shares) | Number of Restricted Shares Held (shares) | Number of Unrestricted Shares Held (shares) | Pledged, Marked, or Frozen Status (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Zhang Jingyu | Domestic Natural Person | 15.72% | 88,364,325 | 66,273,244 | 22,091,081 | Pledged 34,200,000 | | Zhang Qian | Domestic Natural Person | 3.86% | 21,704,016 | 16,278,012 | 5,426,004 | Not Applicable 0 | | Zheng Zhiqian | Domestic Natural Person | 2.52% | 14,182,040 | 0 | 14,182,040 | Not Applicable 0 | | Wu Jianke | Domestic Natural Person | 1.48% | 8,317,955 | 0 | 8,317,955 | Not Applicable 0 | | Wang Hongjun | Domestic Natural Person | 1.40% | 7,880,971 | 0 | 7,880,971 | Not Applicable 0 | | Qi Changfeng | Domestic Natural Person | 1.33% | 7,449,975 | 5,587,481 | 1,862,494 | Not Applicable 0 | | Xia Yu | Domestic Natural Person | 0.50% | 2,819,500 | 0 | 2,819,500 | Not Applicable 0 | | Chen Hualong | Domestic Natural Person | 0.46% | 2,590,000 | 0 | 2,590,000 | Not Applicable 0 | | Ge Yingxia | Domestic Natural Person | 0.38% | 2,119,900 | 0 | 2,119,900 | Not Applicable 0 | | Xie Aizhen | Domestic Natural Person | 0.33% | 1,835,000 | 0 | 1,835,000 | Not Applicable 0 | - Shareholder **Qi Changfeng** is the spouse of **Zhang Jingyu**, and **Zhang Qian** is the daughter of Zhang Jingyu and Qi Changfeng[127](index=127&type=chunk) [IV. Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=35&type=section&id=IV.%20Changes%20in%20Shareholdings%20of%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, there were no changes in the shareholdings of the company's directors, supervisors, and senior management Changes in Shareholdings of Directors, Supervisors, and Senior Management | Name | Position | Status | Shares Held at Beginning of Period (shares) | Shares Increased in Current Period (shares) | Shares Decreased in Current Period (shares) | Shares Held at End of Period (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Zhang Jingyu | Chairman | Current | 88,364,325 | 0 | 0 | 88,364,325 | | Zhang Qian | Director, General Manager | Current | 21,704,016 | 0 | 0 | 21,704,016 | | Zhang Guangming | Director | Current | 1,518,800 | 0 | 0 | 1,518,800 | | Xu Lihua | Director, CFO | Current | 0 | 0 | 0 | 0 | | Jiang Hongzhang | Independent Director | Current | 0 | 0 | 0 | 0 | | Qu Xin | Independent Director | Current | 0 | 0 | 0 | 0 | | Xu Chuan | Independent Director | Current | 0 | 0 | 0 | 0 | | Tong Weikun | Chairman of Supervisory Board | Current | 0 | 0 | 0 | 0 | | He Xue | Supervisor | Current | 0 | 0 | 0 | 0 | | Zheng Yawen | Supervisor | Current | 0 | 0 | 0 | 0 | | Cheng Yuqi | Deputy General Manager, Board Secretary | Current | 0 | 0 | 0 | 0 | | Zhan Juan | Deputy General Manager | Current | 38,700 | 0 | 0 | 38,700 | | Sheng Baojun | Independent Director | Resigned | 0 | 0 | 0 | 0 | | Total | -- | -- | 111,625,841 | 0 | 0 | 111,625,841 | [V. Changes in Controlling Shareholder or Actual Controller](index=35&type=section&id=V.%20Changes%20in%20Controlling%20Shareholder%20or%20Actual%20Controller) During the reporting period, there were no changes in the company's controlling shareholder or actual controller - The company's controlling shareholder did not change during the reporting period[131](index=131&type=chunk) - The company's actual controller did not change during the reporting period[131](index=131&type=chunk) [VI. Preferred Shares Related Information](index=36&type=section&id=VI.%20Preferred%20Shares%20Related%20Information) During the reporting period, the company had no preferred shares - The company had no preferred shares during the reporting period[132](index=132&type=chunk) [Section VII Bond Related Information](index=37&type=section&id=Section%20VII%20Bond%20Related%20Information) This section confirms that the company had no bond-related activities during the reporting period [Bond Related Information](index=37&type=section&id=Bond%20Related%20Information) During the reporting period, the company had no bond-related information - The company had no bond-related information during the reporting period[134](index=134&type=chunk) [Section VIII Financial Report](index=38&type=section&id=Section%20VIII%20Financial%20Report) This section presents the company's unaudited semi-annual financial statements, including balance sheets, income statements, cash flow statements, and statements of changes in owner's equity [I. Audit Report](index=38&type=section&id=I.%20Audit%20Report) The company's semi-annual financial report was not audited - The company's semi-annual financial report was not audited[136](index=136&type=chunk) [II. Financial Statements](index=38&type=section&id=II.%20Financial%20Statements) This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owner's equity for the first half of 2025 Consolidated Balance Sheet Key Data | Item | Balance at End of Period (RMB) | Balance at Beginning of Period (RMB) | | :--- | :--- | :--- | | Total Assets | 1,318,434,347.60 | 1,116,548,258.85 | | Total Liabilities | 403,436,358.30 | 203,495,834.12 | | Total Equity Attributable to Parent Company Owners | 920,946,247.13 | 918,870,595.51 | Consolidated Income Statement Key Data | Item | First Half of 2025 (RMB) | First Half of 2024 (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 188,051,387.50 | 159,789,620.54 | | Total Profit | 2,103,499.21 | 22,846,408.94 | | Net Profit | 1,945,564.57 | 22,612,700.25 | | Net Profit Attributable to Parent Company Shareholders | 2,075,651.62 | 23,470,170.58 | | Basic Earnings Per Share (RMB/share) | 0.0037 | 0.0417 | Consolidated Cash Flow Statement Key Data | Item | First Half of 2025 (RMB) | First Half of 2024 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -51,669,293.30 | -19,400,012.55 | | Net Cash Flow from Investing Activities | -63,303,531.23 | 157,478,577.28 | | Net Cash Flow from Financing Activities | 61,717,454.65 | -41,274,634.17 | | Net Increase in Cash and Cash Equivalents | -53,332,661.08 | 96,604,365.40 | [III. Company Basic Information](index=61&type=section&id=III.%20Company%20Basic%20Information) Huapengfei Co., Ltd., established on **August 20, 2010**, and listed on the Shenzhen Stock Exchange in **2012**, primarily offers global integrated modern logistics services and intelligent mobile services - The company was established on **August 20, 2010**, and listed on the ChiNext board of the Shenzhen Stock Exchange on **August 21, 2012**[177](index=177&type=chunk) - As of **June 30, 2025**, the company's registered capital and share capital were both **562,012,279.00 yuan**[177](index=177&type=chunk) - The company's main businesses include international logistics services, domestic integrated logistics services, supply chain management, and intelligent mobile services, categorized under the **software and information technology services industry**[179](index=179&type=chunk)[178](index=178&type=chunk) [IV. Basis of Financial Statement Preparation](index=62&type=section&id=IV.%20Basis%20of%20Financial%20Statement%20Preparation) These financial statements are prepared in accordance with accounting standards issued by the Ministry of Finance and relevant regulations of the China Securities Regulatory Commission, on a going concern basis - Financial statements are prepared in accordance with accounting standards issued by the Ministry of Finance and relevant regulations of the China Securities Regulatory Commission[181](index=181&type=chunk) - These financial statements are prepared on a going concern basis, and the company found no significant doubts or circumstances regarding its ability to continue as a going concern[182](index=182&type=chunk) [V. Significant Accounting Policies and Accounting Estimates](index=62&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Accounting%20Estimates) This section details the company's adherence to accounting standards, accounting period, operating cycle, functional currency, materiality criteria, and policies for business combinations, consolidated financial statements, cash and cash equivalents, foreign currency transactions, financial instruments, contract assets, inventories, assets held for sale, long-term equity investments, fixed assets, construction in progress, borrowing costs, intangible assets, impairment of long-term assets, long-term deferred expenses, contract liabilities, employee benefits, provisions, share-based payments, preferred shares/perpetual bonds, revenue, contract costs, government grants, deferred tax assets/liabilities, and leases - The company adheres to enterprise accounting standards, accurately and completely reflecting its financial position, operating results, and cash flows[183](index=183&type=chunk) - Financial assets are classified as measured at **amortized cost**, at **fair value through other comprehensive income**, and at **fair value through profit or loss**[207](index=207&type=chunk) - Revenue is recognized when the customer obtains control of the related goods or services, and is recognized based on performance progress or at a point in time[298](index=298&type=chunk)[301](index=301&type=chunk)[302](index=302&type=chunk) - There were no significant changes in accounting policies or accounting estimates during the reporting period[345](index=345&type=chunk) [VI. Taxes](index=91&type=section&id=VI.%20Taxes) The company's main taxes include VAT, urban maintenance and construction tax, and corporate income tax, with some subsidiaries enjoying high-tech enterprise and small-profit enterprise tax incentives Main Tax Categories and Rates | Tax Category | Tax Base | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax (VAT) | Sales of goods and taxable services calculated according to tax laws, after deducting deductible input VAT for the current period, the difference is VAT payable | 13.00%, 9.00%, 6.00%, 5.00% | | Urban Maintenance and Construction Tax | Calculated based on actual VAT and consumption tax paid | 7.00%, 5.00% | | Corporate Income Tax | Calculated based on taxable income | 25.00%, 20.00%, 15.00%, 8.25% | - The company, Shenzhen Huapengfei Supply Chain Management Co., Ltd., and Bohan Weiye (Beijing) Technology Co., Ltd. enjoy high-tech enterprise tax incentives, applying a **15.00%** corporate income tax rate[347](index=347&type=chunk) - Xinjiang Huayuanhong International Freight Forwarding Co., Ltd., Shenzhen Huapengfei Investment Management Co., Ltd., and Shenzhen Yixianda Supply Chain Management Co., Ltd. are qualified small-profit enterprises, applying a **20.00%** corporate income tax rate[349](index=349&type=chunk) - Huapengfei (Hong Kong) Co., Ltd. applies an **8.25%** income tax rate[346](index=346&type=chunk) [VII. Notes to Consolidated Financial Statement Items](index=92&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section details the period-end balances, period-beginning balances, and changes for each item in the consolidated financial statements Monetary Funds | Item | Balance at End of Period (RMB) | Balance at Beginning of Period (RMB) | | :--- | :--- | :--- | | Cash on Hand | 0.00 | 3,509.40 | | Bank Deposits | 72,832,681.86 | 126,161,833.54 | | Other Monetary Funds | 15,611,777.04 | 15,493,809.96 | | Total | 88,444,458.90 | 141,659,152.90 | Accounts Receivable | Category | Book Balance at End of Period (RMB) | Impairment Provision at End of Period (RMB) | Book Value at End of Period (RMB) | | :--- | :--- | :--- | :--- | | Accounts receivable for which impairment provisions are made individually | 21,589,196.14 | 21,154,980.12 | 434,216.02 | | Accounts receivable for which impairment provisions are made in combination | 458,972,420.16 | 34,691,151.85 | 424,281,268.31 | | Total | 480,561,616.30 | 55,846,131.97 | 424,715,484.33 | Short-term Borrowings | Item | Balance at End of Period (RMB) | Balance at Beginning of Period (RMB) | | :--- | :--- | :--- | | Pledged Loans | 49,000,000.00 | 0.00 | | Guaranteed Loans | 32,318,004.18 | 18,200,000.00 | | Underecognized Discounted Notes | 6,931,523.91 | 5,870,144.49 | | Total | 88,249,528.09 | 24,070,144.49 | Operating Revenue and Operating Cost | Item | Current Period Revenue (RMB) | Current Period Cost (RMB) | | :--- | :--- | :--- | | Main Business | 185,608,028.54 | 162,102,298.46 | | Other Business | 2,443,358.96 | 1,247,352.18 | | Total | 188,051,387.50 | 163,349,650.64 | [VIII. Research and Development Expenses](index=130&type=section&id=VIII.%20Research%20and%20Development%20Expenses) During the reporting period, the company's total R&D expenditure was **3.31 million yuan**, a year-on-year decrease of **18.33%**, with all expenses recognized as period costs Research and Development Expenses | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Employee Compensation | 2,592,861.44 | 3,463,515.15 | | Depreciation and Amortization | 149,818.38 | 209,119.37 | | Direct Input | 1,077.14 | 55,718.98 | | Other Expenses | 570,181.25 | 329,557.13 | | Total | 3,313,938.21 | 4,057,910.63 | | Of which: Expensed R&D Expenditure | 3,313,938.21 | 4,057,910.63 | - Current period R&D expenditure decreased by **18.33%** year-on-year[48](index=48&type=chunk)[558](index=558&type=chunk) [IX. Changes in Consolidation Scope](index=130&type=section&id=IX.%20Changes%20in%20Consolidation%20Scope) During the reporting period, the company's consolidation scope changed due to the establishment of new subsidiaries and the acquisition of subsidiary equity - The company's wholly-owned subsidiary **Huapengfei (Hong Kong) Co., Ltd.** acquired **0.5%** equity in TOO "HPF KZ", making it a wholly-owned subsidiary[118](index=118&type=chunk)[559](index=559&type=chunk) [X. Interests in Other Entities](index=130&type=section&id=X.%20Interests%20in%20Other%20Entities) The company holds interests in various subsidiaries and an important associate, Liaoning Hongtu Chuangzhan Surveying and Mapping Co., Ltd., which is accounted for using the equity method - The company owns multiple wholly-owned or controlled subsidiaries with diverse business natures, including supply chain management, logistics services, and information technology services[560](index=560&type=chunk)[561](index=561&type=chunk) - Liaoning Hongtu Chuangzhan Surveying and Mapping Co., Ltd. is an important associate, with the company indirectly holding **47.8049%** equity, accounted for using the equity method[561](index=561&type=chunk) Key Financial Information of Important Associate Liaoning Hongtu Chuangzhan Surveying and Mapping Co., Ltd. | Item | Balance at End of Period (RMB) | Balance at Beginning of Period (RMB) | | :--- | :--- | :--- | | Total Assets | 532,877,844.01 | 532,696,829.21 | | Total Liabilities | 358,878,323.89 | 387,712,945.74 | | Book Value of Equity Investment in Associates | 183,905,872.01 | 170,034,975.92 | | Operating Revenue | 121,883,602.46 | 76,761,073.38 | | Net Profit | 29,015,636.65 | -4,374,562.39 | | Total Comprehensive Income | 29,015,636.65 | -4,374,562.39 | [XI. Government Grants](index=133&type=section&id=XI.%20Government%20Grants) During the reporting period, government grants recognized in current profit or loss amounted to **0.155 million yuan**, primarily recorded under other income/financial expenses Government Grants Recognized in Current Profit or Loss | Accounting Account | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Other Income/Financial Expenses | 155,000.00 | 255,106.53 | [XII. Risks Related to Financial Instruments](index=133&type=section&id=XII.%20Risks%20Related%20to%20Financial%20Instruments) The company faces credit, liquidity, and market risks (including interest rate, exchange rate, and other price risks), which it manages through various strategies - The company faces **credit risk**, **liquidity risk**, and **market risk** (interest rate risk, exchange rate risk, and other price risks)[567](index=567&type=chunk)[573](index=573&type=chunk) - The company manages credit and liquidity risks by depositing funds in highly-rated banks, assessing client creditworthiness, monitoring cash balances, and forecasting cash flows[568](index=568&type=chunk)[569](index=569&type=chunk) - If the interest rate for floating-rate borrowings increases or decreases by **100 basis points**, the company's net profit will decrease or increase by **750,120.99 yuan**[574](index=574&type=chunk) - If the RMB appreciates or depreciates by **1%** against the USD, the company's net profit will increase or decrease by **621,596.41 yuan**[576](index=576&type=chunk) [XIII. Disclosure of Fair Value](index=136&type=section&id=XIII.%20Disclosure%20of%20Fair%20Value) At the end of the period, the company's total assets measured at fair value amounted to **315.53 million yuan**, primarily comprising trading financial assets and other non-current financial assets Fair Value of Assets and Liabilities Measured at Fair Value at End of Period | Item | Level 2 Fair Value Measurement (RMB) | Level 3 Fair Value Measurement (RMB) | Total (RMB) | | :--- | :--- | :--- | :--- | | Trading Financial Assets | 165,231,669.10 | 0.00 | 165,231,669.10 | | Accounts Receivable Financing | 0.00 | 32,411,040.64 | 32,411,040.64 | | Other Non-current Financial Assets | 117,883,700.00 | 0.00 | 117,883,700.00 | | Total Assets Continuously Measured at Fair Value | 283,115,369.10 | 32,411,040.64 | 315,526,409.74 | [XIV. Related Parties and Related Party Transactions](index=136&type=section&id=XIV.%20Related%20Parties%20and%20Related%20Party%20Transactions) The company has no parent company, with Zhang Jingyu as the ultimate controlling party, and engaged in international transport agency services with Shenzhen Ririsheng International Logistics Co., Ltd. - The company has no parent company, and the ultimate controlling party is **Zhang Jingyu**[581](index=581&type=chunk)[582](index=582&type=chunk) - Other related parties include the actual controller's spouse **Qi Changfeng** and daughter **Zhang Qian** (company director, general manager)[583](index=583&type=chunk) Sales of Goods/Provision of Services | Related Party | Related Transaction Content | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | :--- | | Shenzhen Ririsheng International Logistics Co., Ltd. | International Transport Agency | 0.00 | 4,001,485.80 | | Shenzhen Huhe Carbon Technology Co., Ltd. | Service Business | 42,452.82 | 0.00 | Company as Guaranteed Party | Guarantor | Guarantee Amount (RMB) | Guarantee Start Date | Guarantee End Date | Guarantee Fulfilled | | :--- | :--- | :--- | :--- | :--- | | Zhang Jingyu, Qi Changfeng | 10,000,000.00 | June 29, 2024 | June 29, 2025 | Yes | | Zhang Jingyu, Qi Changfeng | 5,000,000.00 | February 27, 2025 | February 27, 2026 | No | [XV. Commitments and Contingencies](index=139&type=section&id=XV.%20Commitments%20and%20Contingencies) The company has no significant commitments to disclose for the current period but is involved in fire-related litigation with an estimated loss of **3.27 million yuan** and provides guarantees for subsidiary borrowings - The company has no significant commitments to disclose for the current period[595](index=595&type=chunk) - The company is involved in fire disputes, being sued as a defendant for joint liability for cargo damage, with **5 cases** still pending, involving **10.9123 million yuan**, for which the company has accrued an estimated loss of **3.2737 million yuan** (30%)[597](index=597&type=chunk) - As of **June 30, 2025**, the company provides joint liability guarantees to relevant banks for subsidiary borrowings, letters of guarantee, and other businesses, with a maximum amount of **70 million yuan**[599](index=599&type=chunk) [XVI. Post-Balance Sheet Events](index=140&type=section&id=XVI.%20Post-Balance%20Sheet%20Events) During the reporting period, the company had no other post-balance sheet events to disclose - The company had no other post-balance sheet events to disclose during the reporting period[601](index=601&type=chunk) [XVII. Other Significant Matters](index=140&type=section&id=XVII.%20Other%20Significant%20Matters) This section provides financial information for the company's reporting segments, including revenue, costs, total assets, and total liabilities for domestic integrated logistics, international logistics, intelligent mobile services, and supply chain businesses Financial Information of Reporting Segments | Item | Domestic Integrated Logistics Services (RMB) | International Logistics Services (RMB) | Intelligent Mobile Services (RMB) | Supply Chain Business (RMB) | Inter-segment Eliminations (RMB) | Total (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Main Business Revenue | 125,780,006.78 | 47,734,438.92 | 3,173,443.91 | 11,780,041.73 | 2,859,90
华鹏飞(300350) - 关于使用闲置自有资金进行现金管理的进展公告
2025-08-19 10:04
证券代码:300350 证券简称:华鹏飞 公告编码:(2025)071号 华鹏飞股份有限公司 关于使用闲置自有资金进行现金管理的进展公告 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。 华鹏飞股份有限公司(以下简称"公司")于2025年5月30日、2025年6月 16日召开第五届董事会第二十四次会议、第五届监事会第二十次会议和2025年 第二次临时股东大会,审议通过了《关于公司使用闲置自有资金进行现金管理的 议案》,同意公司及下属子公司在不影响正常经营的情况下使用总额不超过人民 币40,000万元的闲置自有资金进行现金管理,用以购买安全性高、流动性好、有 保本约定、期限不超过12个月要求的投资产品,使用期限自股东大会审议通过之 日起12个月内有效,在前述额度和期限范围内,可循环滚动使用。上述具体内容 详见公司分别于2025年5月30日、2025年6月16日在巨潮资讯网上披露的相关公 告。 一、本次闲置自有资金进行现金管理的产品基本情况 | 序 | 委托方 | 受托方 | 产品 | 产品 | 金额 | 起息日 | 赎回日 | 预计年化 | 是否 | | --- ...
华鹏飞(300350)8月14日主力资金净流出3782.20万元
Sou Hu Cai Jing· 2025-08-14 14:50
Group 1 - The core viewpoint of the news is that Huapengfei's stock has experienced a decline, with significant net outflow of funds, while the company shows mixed financial performance in its latest quarterly report [1][3] Group 2 - As of August 14, 2025, Huapengfei's stock closed at 6.43 yuan, down 3.02%, with a turnover rate of 6.01% and a trading volume of 283,300 hands, amounting to 185 million yuan [1] - The net outflow of main funds today was 37.82 million yuan, accounting for 20.46% of the transaction amount, with large orders seeing a net outflow of 32.23 million yuan, which is 17.44% of the transaction amount [1] - The latest quarterly report shows total operating revenue of 78.7351 million yuan, a year-on-year increase of 23.09%, while net profit attributable to shareholders decreased by 111.84% to 4.9376 million yuan [1] - The company has a current ratio of 2.821, a quick ratio of 2.808, and a debt-to-asset ratio of 19.98% [1] Group 3 - Huapengfei Co., Ltd. was established in 2000 and is located in Shenzhen, primarily engaged in multimodal transport and transportation agency services [2][3] - The company has invested in 31 enterprises, participated in 53 bidding projects, and holds 9 trademark registrations and 4 patents, along with 400 administrative licenses [2]
华鹏飞(300350) - 关于公司控股股东、实际控制人部分股票解除质押的公告
2025-08-14 09:46
证券代码:300350 证券简称:华鹏飞 公告编码:(2025)070号 华鹏飞股份有限公司 关于公司控股股东、实际控制人部分股票解除质押的公告 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。 华鹏飞股份有限公司(以下简称"公司")于2025年8月14日接到公司控股 股东、实际控制人张京豫先生的通知,获悉张京豫先生已将其持有的公司部分股 份于2025年8月13日办理了股票解除质押手续,并向中国证券登记结算有限责任 公司深圳分公司办理了解除质押登记,具体事项如下: 一、股东股份解除质押的基本情况 | 张光明 | 1,518,800 | 0.27% | 0 | 0.00% | 0.00% | 0 | 0.00% | 1,139,100 | 75.00% | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 张超 | 1,520,000 | 0.27% | 0 | 0.00% | 0.00% | 0 | 0.00% | 1,140,000 | 75.00% | | 合计 | 120,557 ...
物流板块8月14日跌0.66%,万林物流领跌,主力资金净流出5.1亿元
Market Overview - On August 14, the logistics sector declined by 0.66%, with Wanlin Logistics leading the drop [1] - The Shanghai Composite Index closed at 3666.44, down 0.46%, while the Shenzhen Component Index closed at 11451.43, down 0.87% [1] Individual Stock Performance - Hengji Dazheng (002492) saw a significant increase of 10.01%, closing at 7.69 with a trading volume of 500,900 shares and a turnover of 371 million yuan [1] - Jianfa Co. (600153) increased by 5.42%, closing at 10.90 with a trading volume of 706,000 shares and a turnover of 763 million yuan [1] - Wanlin Logistics (603117) experienced a decline of 5.34%, closing at 5.50 with a trading volume of 248,700 shares and a turnover of 138 million yuan [2] Capital Flow Analysis - The logistics sector experienced a net outflow of 510 million yuan from institutional investors, while retail investors saw a net inflow of 426 million yuan [2] - The table of capital flow indicates that Hengji Dazheng had a net inflow of 74.71 million yuan from institutional investors, while retail investors had a net outflow of 37.49 million yuan [3] Summary of Key Stocks - The top performers in terms of net inflow from institutional investors included Hengji Dazheng and Shunfeng Holdings (002352), which had a net inflow of 55.99 million yuan [3] - Other notable stocks with significant trading activity included Mierkewei (603713) and ST Guangwu (600603), with net inflows of 14.32 million yuan and 12.32 million yuan from institutional investors, respectively [3]
华鹏飞(300350)8月13日主力资金净流出1071.79万元
Sou Hu Cai Jing· 2025-08-13 11:06
Group 1 - The core viewpoint of the news is that Huapengfei's stock performance shows a decline, with a closing price of 6.63 yuan, down 1.34% as of August 13, 2025 [1] - The company reported total revenue of 78.7351 million yuan for Q1 2025, representing a year-on-year growth of 23.09%, while net profit attributable to shareholders decreased by 111.84% to 4.9376 million yuan [1] - The company's liquidity ratios are strong, with a current ratio of 2.821 and a quick ratio of 2.808, alongside a low debt-to-asset ratio of 19.98% [1] Group 2 - Huapengfei has made investments in 31 companies and participated in 53 bidding projects, indicating active engagement in business expansion [2] - The company holds 9 trademark registrations and 4 patents, showcasing its commitment to intellectual property [2] - Additionally, Huapengfei has obtained 403 administrative licenses, reflecting its compliance and operational capabilities [2]
华鹏飞(300350) - 关于使用闲置自有资金进行现金管理赎回的进展公告
2025-08-11 10:00
证券代码:300350 证券简称:华鹏飞 公告编码:(2025)069号 华鹏飞股份有限公司 关于使用闲置自有资金进行现金管理赎回的进展公告 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。 华鹏飞股份有限公司(以下简称"公司")于2025年5月30日、2025年6月 16日召开第五届董事会第二十四次会议、第五届监事会第二十次会议和2025年 第二次临时股东大会,审议通过了《关于公司使用闲置自有资金进行现金管理的 议案》,同意公司及下属子公司在不影响正常经营的情况下使用总额不超过人民 币40,000万元的闲置自有资金进行现金管理,用以购买安全性高、流动性好、有 保本约定、期限不超过12个月要求的投资产品,使用期限自股东大会审议通过之 日起12个月内有效,在前述额度和期限范围内,可循环滚动使用。上述具体内容 详见公司分别于2025年5月30日、2025年6月16日在巨潮资讯网上披露的相关公 告。 一、本次闲置自有资金进行现金管理的产品赎回情况 公司于2025年5月12日使用部分闲置自有资金购买中国银行股份有限公司 保本浮动收益型人民币对公结构性存款,现已赎回,相应 ...
“卫星”点火起飞 导航板块异动
Mei Ri Shang Bao· 2025-08-08 01:37
Group 1 - The satellite navigation sector is experiencing significant activity due to an accelerated satellite launch schedule, with companies like China Satellite and China Satcom seeing notable stock movements [1][2] - The upcoming launch of the "Jili Constellation 04 Group" consisting of 11 satellites aims to provide high-precision positioning and satellite communication support for brands under Geely [2][3] - The GW constellation has increased its launch frequency, with intervals reduced to 3-5 days, indicating a rapid network deployment phase for China's satellite internet [2][4] Group 2 - The total market capitalization of the satellite navigation sector has reached 2.32 trillion yuan, reflecting strong investor interest [3] - Several companies, including Shuo Bei De and Jia Yuan Technology, have seen significant stock price increases, with some hitting the daily limit [3] - The construction and operation of the "Qianfan Constellation" is expected to accelerate, with plans for multiple rocket launches to support its development [3][5] Group 3 - Companies are increasing investments in satellite internet infrastructure, with Guangdian Jiliang planning to invest 344 million yuan in a quality assurance platform [5] - Zhenyou Technology is set to invest 709 million yuan in satellite internet communication product development, focusing on core network systems and satellite terminals [6] - The development of satellite internet technology is expected to create substantial demand, with projections indicating the global space economy could exceed one trillion dollars by 2040 [7]
快递物流板块震荡走强,韵达股份触及涨停
Mei Ri Jing Ji Xin Wen· 2025-08-07 05:17
Group 1 - The express logistics sector experienced a strong rebound on August 7, with Yunda Holdings hitting the daily limit up [1] - Changlian Co. previously reached its limit up, while Shentong Express, Huapengfei, and Yuantong Express all saw increases of over 5% [1]