Financial Performance - Total turnover for the nine months ended September 30, 2022, was approximately RMB 2,193,342,000, representing a decrease of approximately 3.85% compared to RMB 2,281,183,000 in the corresponding period in 2021[12] - Gross profit for the same period was approximately RMB 107,539,000, a decrease of approximately 20.39% from RMB 135,087,000 in the previous year[12] - Gross profit margin decreased to approximately 4.9%, down by approximately 1.02 percentage points from 5.92% in the corresponding period last year[12] - Profit attributable to owners of the Company was approximately RMB 15,128,000, representing a decrease of approximately 36.85% compared to RMB 23,954,000 in the same period last year[12] - Earnings per share for the nine months was RMB 4.3 cents, down from RMB 6.8 cents in the corresponding period in 2021[12] - Operating profit for the period was RMB 43,178,000, significantly lower than RMB 74,402,000 in the previous year[19] - Profit before income tax was RMB 63,323,000, compared to RMB 87,347,000 in the same period last year[19] - Total comprehensive income for the period was RMB 43,384,000, down from RMB 60,994,000 in the previous year[19] - Non-controlling interests contributed RMB 28,256,000 to the profit, compared to RMB 37,040,000 in the previous year[19] - Revenue for the nine months ended 30 September 2022 was RMB 2,204,254, a slight decrease from RMB 2,296,368 in the same period of 2021[34] - Profit for the period attributable to owners of the Company was RMB 15,128 for the nine months ended 30 September 2022, down from RMB 23,954 in 2021[51] - Total cost of sales and administrative expenses for the nine months ended 30 September 2022 was RMB 2,125,549, compared to RMB 2,191,319 in 2021[40] - Depreciation and amortisation for the nine months ended 30 September 2022 was RMB 23,777, a decrease from RMB 25,362 in the same period of 2021[40] - Finance costs for the nine months ended 30 September 2022 amounted to RMB 14,557[34] - The company reported a profit before income tax of RMB 63,323 for the nine months ended 30 September 2022[34] - The share of results of investments accounted for using the equity method was RMB 34,702 for the nine months ended 30 September 2022[34] - Unallocated corporate expenses were RMB 41,090 for the nine months ended 30 September 2022[34] - The Group's profit and total comprehensive income for the period was RMB 15,128,000 for the nine months ended 30 September 2022, compared to RMB 28,256,000 in the corresponding period last year[62] - Dividends paid to non-controlling interests amounted to RMB 41,795,000 for the nine months ended 30 September 2022[62] - The transfer to statutory reserves was RMB 5,042,000 for the nine months ended 30 September 2022[62] - As of 30 September 2022, the Group's total assets were RMB 985,629,000, reflecting an increase from previous periods[62] - For the nine months ended 30 September 2022, the profit attributable to equity holders of the Group amounted to RMB 15,128,000, representing a decrease of RMB 8,826,000 or 36.85% compared to RMB 23,954,000 in the corresponding period last year[64] - The finance cost for the Group was RMB 14,557,000, representing a decrease of RMB 10,000 or 0.07% compared to RMB 14,567,000 in the corresponding period last year[64] Operational Segments - The Group's principal operations are focused on providing comprehensive logistics services in the PRC, including supply chain solutions and materials procurement[26] - The Group operates two segments: logistics and supply chain services for finished automobiles, and materials procurement and related logistics services[30] - The logistics segment includes planning, storage, and transportation management for finished automobiles and components[31] - The materials procurement segment involves the sale of raw materials primarily to trading companies, along with related transportation and management services[31] - The logistics and supply chain services for finished automobiles and components recorded an increase compared to the corresponding period last year, while materials procurement and related logistics services experienced a decrease[58] - The operating revenue for materials procurement and related logistics services amounted to RMB 1,135,831,000, representing a decrease of RMB 90,207,000 or 7.36% compared to the corresponding period last year[72] - The operating revenue from logistics and supply chain services for electronic components was RMB 768,639,000, an increase of RMB 87,425,000 or 12.83% year-on-year[75] - Cold chain logistics services generated operating revenue of RMB 193,764,000, reflecting an increase of RMB 28,851,000 or 17.49% compared to the previous year[75] - The throughput of logistics services for domestic finished automobiles was 387,720 sets, a decrease of 19,812 sets or 4.86% compared to 407,532 sets in the corresponding period last year[72] - The bonded warehouse, transportation, and supervision business of a subsidiary recorded a decrease in operating revenue and gross profit compared to the corresponding period last year[67] - Tianjin Alps Teda Logistics Co., Ltd., a joint venture of the Group, recorded a significant increase in operating revenue and operating results compared to the corresponding period last year[68] - Tedahang Cold Chain Logistics Co., Ltd., an associate of the Group, recorded a substantial increase in operating results compared to the corresponding period last year due to high load operations at its warehouses[69] Governance and Compliance - The Group's H Shares were listed on the GEM on April 30, 2008, following a reorganization[24] - The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) and comply with applicable disclosure requirements[27] - The application of amendments to IFRSs in the current period has had no material impact on the Group's financial positions and performance[29] - The Company has complied with the Corporate Governance Code throughout the Reporting Period, except for the deviation regarding the separation of roles between the Chairman and the CEO[96] - The Board will continue to review the effectiveness of the corporate governance structure and may separate the roles of Chairman and President when appropriate[96] - The audit committee currently comprises independent non-executive Directors, including Mr. Cheng Xinsheng (Chairman), who has relevant professional qualifications and financial experience[101] - The Company has adopted a code of dealing in securities by the Directors, and all Directors confirmed compliance with this code[102] - The Board approved the appointment of Mr. He Yongjun as a member of the audit committee following Ms. Peng Bo's resignation[100] - The Company will endeavor to appoint suitable female director(s) as soon as practicable according to the GEM Listing Rules[97] - Following the resignation of Ms. Peng Bo on September 15, 2022, there are no female directors in the Company, failing to meet the requirement of Rule 17.104 of the GEM Listing Rules[97] - Mr. Yang Weihong has been serving as both Chairman and President since May 11, 2018, and has extensive experience in enterprise management[96] - The board of directors includes executive and non-executive members, ensuring diverse oversight[106] - The company is led by Chairman Yang Weihong, indicating strong leadership presence[106] - The board composition includes independent non-executive directors, enhancing governance[106] - The report date is November 10, 2022, providing a specific timeline for the financial disclosures[106] - The company maintains a focus on compliance and regulatory adherence through its board structure[106] Strategic Focus and Challenges - The Group plans to focus on operational performance and mitigate the impact of declining automobile logistics results while continuing to develop logistics and supply chain services for electronic components[77] - Budget control and cost reduction measures will be prioritized to enhance efficiency and explore new business opportunities[77] - The Group aims to adjust its revenue structure to improve its ability to create value for customers[77] - The uncertain global political and economic situation, including the ongoing Russia-Ukraine conflict and pandemic outbreaks, continues to exert pressure on recovery efforts[75] - The Group is confident in overcoming current challenges and achieving high-quality development in the future[77] Shareholding Structure - Chia Tai Pharmaceutical Investment (Beijing) Co., Ltd. holds 77,303,789 domestic shares, representing 30.19% of the total issued share capital[88] - Chia Tai Land Company Limited owns 28,344,960 domestic shares, accounting for approximately 11.07% of the total issued share capital[89] - Tianjin TEDA Investment Holding Co., Ltd. is the beneficial owner of 150,420,051 domestic shares, which is 58.74% of the total issued share capital[86] - Tianjin Port Development Holdings Limited has 20,000,000 H shares, representing 20.36% of the total issued share capital[86] - Hongkong Topway Trading Co., Limited holds 10,000,000 H shares, which is 10.18% of the total issued share capital[86] - The deemed interests of Chia Tai Company and its associates as of September 30, 2022, include 77,303,789 shares, representing 30.19%[92] - The approximate percentage of shareholding in the same class of shares for Chia Tai Pharmaceutical is 21.82%[92] - The shareholding of Chia Tai Land Company Limited in the same class of shares is approximately 8%[92] - The total number of shares held by Tianjin TEDA Investment Holding Co., Ltd. is 150,420,051, which is a significant majority[86] - As of September 30, 2022, no other persons had interests or short positions that required disclosure under the SFO provisions[94] - No significant changes in shareholding or capital structure were reported during the period[105]
滨海泰达物流(08348) - 2022 Q3 - 季度财报