长安民生物流(01292) - 2025 - 中期财报

Summary H1 2025 revenue slightly decreased, but parent company profit grew significantly, with EPS and interim dividends increasing Financial Summary H1 2025 revenue slightly decreased, but parent company profit grew significantly, with EPS and interim dividends increasing Overview of H1 2025 Financial Performance | Metric | H1 2025 (RMB yuan) | H1 2024 (RMB yuan) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Revenue | 4,163,714,743.93 | 4,165,152,715.24 | -0.03% | | Profit Attributable to Equity Holders of Parent Company | 41,480,009.64 | 29,260,117.19 | +41.76% | | Basic Earnings Per Share | 0.23 | 0.18 | +27.78% | | Interim Cash Dividend (Per Share, Tax Inclusive) | 0.05 | N/A | New | Interim Results (Unaudited) Disclosure of Interim Condensed Financial Information The Board announces the unaudited interim condensed financial information for the six months ended June 30, 2025 - The Group disclosed its unaudited interim condensed financial information for the six months ended June 30, 2025[5] Consolidated and Company Balance Sheets Overview of Consolidated Balance Sheet As of June 30, 2025, total assets grew to RMB 5.285 billion, liabilities slightly decreased, and shareholders' equity increased, indicating a sound financial position Consolidated Balance Sheet Key Data (Period-end Balance) | Item | June 30, 2025 (RMB yuan) | Dec 31, 2024 (RMB yuan) | | :--- | :--- | :--- | | Total Assets | 5,285,214,208.63 | 5,196,726,047.16 | | Total Current Assets | 3,960,804,234.77 | 3,830,000,817.43 | | Total Non-current Assets | 1,324,409,973.87 | 1,366,725,229.73 | | Total Liabilities | 2,942,201,066.09 | 2,990,079,928.74 | | Total Current Liabilities | 2,834,725,498.16 | 2,880,016,920.99 | | Total Non-current Liabilities | 107,475,567.93 | 110,063,007.75 | | Total Shareholders' Equity | 2,343,013,142.54 | 2,206,646,118.42 | - Total current assets increased by 3.42%, mainly due to increased cash and bank balances, accounts receivable financing, and contract assets[7] - Total non-current assets slightly decreased, mainly due to reduced long-term equity investments and fixed assets[7] - Total current liabilities decreased by 1.57%, mainly due to reduced notes payable and employee compensation payable[8] - Total equity attributable to parent company shareholders increased by 6.98%, mainly due to increased share capital and retained earnings[8] Consolidated and Company Income Statements Overview of Consolidated Income Statement H1 2025 operating revenue remained stable, while operating profit and net profit grew significantly due to cost control and expense optimization, boosting EPS Consolidated Income Statement Key Data (Current Period Amount) | Item | H1 2025 (RMB yuan) | H1 2024 (RMB yuan) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 4,163,714,743.93 | 4,165,152,715.24 | -0.03% | | Operating Costs | 3,932,988,741.91 | 3,974,282,672.99 | -1.04% | | Operating Profit | 90,001,166.52 | 42,630,898.06 | +111.12% | | Total Profit | 67,306,109.76 | 43,320,740.93 | +55.37% | | Net Profit | 43,476,775.16 | 31,219,294.40 | +39.27% | | Net Profit Attributable to Parent Company Shareholders | 41,480,009.64 | 29,260,117.19 | +41.76% | | Basic Earnings Per Share | 0.23 | 0.18 | +27.78% | - Operating costs decreased by 1.04% year-on-year, demonstrating good cost control[10] - Finance expenses turned from positive in the prior period to negative in the current period, mainly due to increased interest income and decreased interest expense[10] - Non-operating expenses significantly increased, mainly due to inventory shortage losses and extraordinary losses from fire accidents[10][61] Consolidated and Company Cash Flow Statements Overview of Consolidated Cash Flow Statement H1 2025 net operating cash flow significantly decreased, investing cash outflow increased, but financing cash flow turned positive, reducing net cash and cash equivalents Consolidated Cash Flow Statement Key Data (Current Period Amount) | Item | H1 2025 (RMB yuan) | H1 2024 (RMB yuan) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 18,267,940.31 | 336,795,976.42 | -94.58% | | Net Cash Flow from Investing Activities | -34,415,768.27 | 70,054,444.84 | Turned from positive to negative | | Net Cash Flow from Financing Activities | 103,905,254.35 | -44,465,091.09 | Turned from negative to positive | | Net Increase in Cash and Cash Equivalents | 87,762,394.42 | 362,387,659.82 | -75.79% | | Cash and Cash Equivalents at Period End | 1,069,984,323.12 | 1,211,722,172.80 | -11.69% | - Subtotal of cash inflows from operating activities decreased by 16.78% year-on-year, mainly due to reduced cash received from sales of goods and provision of services[13] - Cash inflows from financing activities significantly increased, mainly due to cash received from absorbing investments (share issuance) and borrowings[14] Consolidated Statement of Changes in Equity Overview of Consolidated Statement of Changes in Equity H1 2025 total shareholders' equity grew significantly, driven by a 40,000,000 share increase in capital and growth in capital reserve and retained earnings Consolidated Statement of Changes in Equity Key Data | Item | June 30, 2025 (RMB yuan) | Dec 31, 2024 (RMB yuan) | | :--- | :--- | :--- | | Share Capital | 202,064,000.00 | 162,064,000.00 | | Capital Reserve | 128,004,708.41 | 67,079,415.05 | | Retained Earnings | 1,737,356,403.09 | 1,695,876,393.45 | | Total Equity Attributable to Parent Company Shareholders | 2,190,391,592.85 | 2,047,499,190.00 | | Total Shareholders' Equity | 2,343,013,142.54 | 2,206,646,118.42 | - Share capital increased by 40,000,000 shares, mainly due to the allotment and issuance of new domestic shares to specific subscribers[8][59] - Capital reserve significantly increased, reflecting the capital premium from new share issuance[8][16] Company Statement of Changes in Equity Overview of Company Statement of Changes in Equity H1 2025 company shareholders' equity also grew, consistent with consolidated trends, driven by increased share capital and capital reserve Company Statement of Changes in Equity Key Data | Item | June 30, 202