CTS Logistics(SH:603128)2016-10-23 16:00Financial Performance - Operating revenue decreased by 9.61% to CNY 5,162,405,979.78 for the period from January to September[6] - Net profit attributable to shareholders increased by 108.08% to CNY 214,786,541.96 for the period from January to September[6] - Total profit for the first nine months of 2016 reached CNY 277,190,542.42, a 94.96% increase compared to CNY 142,175,195.90 in the same period of 2015[14] - Net profit attributable to shareholders increased by 108.08% to CNY 214,786,541.96 from CNY 103,223,975.14 year-on-year[14] - Total operating revenue for Q3 2016 was ¥1,899,726,058.98, a decrease of 3.0% compared to ¥1,959,379,064.49 in Q3 2015[32] - Net profit for Q3 2016 reached ¥84,357,437.32, an increase of 92.5% compared to ¥43,842,971.04 in Q3 2015[34] - Total comprehensive income for Q3 2016 was ¥86,094,364.71, up from ¥50,464,522.46 in Q3 2015[35] - Operating profit for the first nine months was approximately ¥75.51 million, an increase of 20.0% compared to ¥62.90 million in the same period last year[37] Assets and Liabilities - Total assets increased by 61.78% to CNY 4,955,501,474.67 compared to the end of the previous year[6] - Current assets rose to CNY 3,377,518,879.36, compared to CNY 2,435,849,773.59 at the start of the year, indicating a growth of about 39%[26] - Total liabilities decreased to CNY 1,395,009,648.81 from CNY 1,510,528,707.45, a reduction of about 8%[27] - Shareholders' equity increased to CNY 3,560,491,825.86, up from CNY 1,552,638,300.61, representing a growth of approximately 130%[27] - The company’s total liabilities to equity ratio improved, indicating a stronger financial position moving forward[27] Cash Flow - Net cash flow from operating activities increased by 103.67% to CNY 169,880,033.64 for the period from January to September[6] - Cash and cash equivalents increased by 65.25% to CNY 1,069,766,993.58 from CNY 647,372,559.38 due to a capital increase of CNY 1.2 billion in July[12] - The company’s cash and cash equivalents at the end of the period were approximately ¥1.05 billion, an increase from ¥541.10 million at the end of the same period last year[41] - Total cash inflow from financing activities reached 1,483,999,991.59, compared to 333,969,368.84 in the previous year, indicating a significant increase[44] - The total cash inflow from operating activities was 2,425,616,700.94, down from 2,826,913,397.78 in the previous year[43] Shareholder Information - The total number of shareholders reached 52,856[9] - The largest shareholder, Hong Kong China Travel International Freight Co., Ltd., holds 46.84% of the shares[10] - The company committed to distributing at least 20% of the annual distributable profits in cash dividends[22] - The company has confirmed that it will continue to fulfill its commitments regarding related party transactions to protect shareholder interests[21] Investments and Acquisitions - The acquisition of Zhongte Logistics contributed a net profit of CNY 97,850,000[16] - The company’s investment activities resulted in a net cash outflow of CNY 313,136,394.29, mainly due to the cash payment for the acquisition of Zhongte Logistics[18] - The company plans to continue optimizing its customer structure and expanding its business through the integration of acquired companies[16] Compliance and Governance - The company has undertaken to avoid any direct or indirect competition with its main business activities[22] - The company has stated that it will bear the costs and penalties related to any violations concerning social insurance and housing fund payments prior to its IPO[21] - The company has assured that its controlling entities will maintain independence in personnel, finance, assets, and operations[22] - The company has committed to ensuring compliance with relevant laws and regulations regarding the transfer of shares post-lockup[20]