Financial Performance - Total turnover for the nine months ended September 30, 2021, was approximately RMB2,281,183,000, representing an increase of approximately 6.55% compared to RMB2,140,982,000 in the corresponding period of 2020[9]. - Gross profit for the same period was approximately RMB135,087,000, an increase of approximately 17.75% from RMB114,719,000 in the previous year[9]. - Gross profit margin improved to approximately 5.92%, up by approximately 0.56 percentage points from 5.36% in the corresponding period last year[9]. - Profit attributable to owners of the Company was approximately RMB23,954,000, reflecting an increase of approximately 12.81% compared to RMB21,234,000 in the same period of 2020[9]. - Earnings per share increased to RMB6.8 cents, compared to RMB6.0 cents in the corresponding period of 2020[9]. - Operating profit for the period was RMB74,402,000, down from RMB84,898,000 in the previous year[13]. - Profit before income tax was RMB87,347,000, compared to RMB73,145,000 in the corresponding period of 2020[13]. - Non-controlling interests contributed RMB37,040,000 to the profit, up from RMB31,876,000 in the previous year[13]. - Revenue for the nine months ended September 30, 2021, was RMB 2,296,368, an increase from RMB 2,156,213 in the same period of 2020, representing a growth of approximately 6.5%[29]. - Profit for the period attributable to owners of the Company was RMB 23,954 for the nine months ended September 30, 2021, compared to RMB 21,234 in 2020, indicating an increase of about 12.8%[68]. - The company reported a profit before income tax of RMB 87,346 for the nine months ended September 30, 2021, compared to RMB 73,145 in the same period of 2020, reflecting a growth of approximately 19.5%[29]. - The income tax expense for the nine months ended September 30, 2021, was RMB 26,353, compared to RMB 20,035 in the same period of 2020, representing an increase of approximately 31.5%[64]. - The finance cost for the Group was RMB14,567,000, a decrease of RMB12,218,000 or 45.62% compared to RMB26,785,000 in the corresponding period last year[80]. - The share of results of joint ventures and associates was RMB27,512,000, an increase of RMB12,480,000 or 83.02% compared to RMB15,032,000 in the same period last year[81]. Operational Segments - The Group is primarily engaged in providing comprehensive logistics services in the PRC, including supply chain solutions and materials procurement[18]. - The Group has two operating segments: logistics and supply chain services for finished automobiles, and materials procurement and related logistics services[26]. - The logistics segment includes planning, storage, and transportation management for finished automobiles and components[27]. - The materials procurement segment involves sales of raw materials primarily to trading companies, along with related logistics services[27]. - The segment results showed a profit of RMB 101,266 for the logistics and supply chain services segment for the nine months ended September 30, 2021[29]. - The operating revenue for materials procurement and related logistics services was RMB1,226,038,000, reflecting an increase of RMB48,700,000 or 4.14% compared to the previous year.[92]. - The logistics services for electronic components recorded operating revenue of RMB681,214,000, representing a significant increase of RMB234,408,000 or 52.46% compared to the previous year.[98]. Shareholder Information - As of September 30, 2021, Tianjin Teda Investment Holding Co., Ltd. holds 150,420,051 domestic shares, representing approximately 58.74% of the same class of shares and 42.45% of the total issued share capital[111]. - Chia Tai Pharmaceutical Investment (Beijing) Co., Ltd. owns 77,303,789 domestic shares, accounting for 30.19% of the same class of shares and 21.82% of the total issued share capital[111]. - Chia Tai Land Company Limited possesses 28,344,960 domestic shares, which is about 11.07% of the same class of shares and 8% of the total issued share capital[111]. - Tianjin Port Development Holdings Limited has 20,000,000 H shares, representing 20.36% of the same class of shares and 5.64% of the total issued share capital[111]. - Hongkong Topway Trading Co., Limited holds 10,000,000 H shares, which is approximately 10.18% of the same class of shares and 2.82% of the total issued share capital[111]. - The transfer of shares from TEDA Holding and TEDA Asset Company to Chia Tai Company and Chia Tai Pharmaceutical Investment Company was completed on June 7, 2013, involving 28,344,960 and 77,303,789 domestic shares respectively[113]. Corporate Governance - The Company has maintained compliance with the Corporate Governance Code throughout the reporting period, with a noted deviation regarding the separation of roles between the Chairman and the CEO[142]. - Mr. Yang Weihong has held the combined roles of Chairman and President since May 11, 2018, leveraging his extensive experience in enterprise management[142]. - The audit committee has been established to oversee financial reporting and internal control systems, with recent changes in its composition to meet GEM Listing Rules requirements[143]. - The audit committee reviewed the Company's unaudited results for the reporting period and provided recommendations[144]. - No purchases, redemptions, or sales of the Company's listed securities occurred during the reporting period[151]. Market Conditions and Future Outlook - The effective control of the COVID-19 pandemic by the PRC government has provided favorable conditions for domestic economic growth, contributing to the increase in overall operating revenue and profit[83]. - The company plans to continue its integrated logistics development strategy, focusing on improving service quality and operational efficiency while managing internal risks effectively amid ongoing challenges from the COVID-19 pandemic.[100]. - Despite facing various challenges, the company aims to promote stable development and achieve good performance in the fourth quarter and beyond.[101]. - In the first three quarters of 2021, China's GDP grew by 9.8%, while Tianjin's GDP increased by 8.6%, indicating stable development and growth in transportation and warehousing industries.[99].
滨海泰达物流(08348) - 2021 Q3 - 季度财报