Financial Performance - For the three months ended March 31, 2023, total operating revenue was approximately RMB 617,991,000, a decrease of approximately 9.08% compared to RMB 679,704,000 in the corresponding period of 2022[9]. - Gross profit for the same period was approximately RMB 177,000, representing a significant decrease of approximately 99.49% from RMB 35,028,000 in the prior year[9]. - The gross profit margin fell to approximately 0.03%, down approximately 5.12 percentage points from 5.15% in the corresponding period last year[10]. - Profit attributable to owners of the Company was approximately RMB 5,215,000, a decrease of approximately 66.08% compared to RMB 15,373,000 in the same period of 2022[10]. - Earnings per share decreased to RMB 1.5 cents from RMB 4.3 cents in the prior year[11]. - The Company reported a profit before income tax of RMB 550,000, a significant decrease from RMB 31,847,000 in the prior year[19]. - The Group's profit before income tax for the period was RMB 550,000, with a profit for the period amounting to RMB 548,000[38]. - Profit for the period was RMB 25,082,000, down from RMB 15,373,000 in the previous year, reflecting a decline of 63.8%[52]. - The income tax expense for Q1 2023 was RMB 6,765,000, compared to RMB 2,000 in Q1 2022, indicating a significant increase[48]. Revenue Breakdown - The Group's revenue for the three months ended March 31, 2023, was RMB 620,165,000, with external customer revenue contributing RMB 617,991,000[38]. - The supply chain and logistics services for finished automobiles generated revenue of RMB 244,174,000, while materials procurement and related logistics services accounted for RMB 364,244,000[38]. - Operating revenue from supply chain and logistics services for finished automobiles and components decreased by RMB 76,742,000 or 23.91% to RMB 244,174,000[80]. - Operating revenue from materials procurement and related logistics services increased by RMB 13,623,000 or 3.89% to RMB 364,244,000 compared to the same period last year[81]. - Operating revenue from warehouse, supervision, agency, and other services increased by RMB 1,406,000 or 17.22% to RMB 9,573,000 compared to the same period last year[82]. - Operating income from cold chain logistics services increased by RMB 21,502,000 or 44.57% to RMB 69,746,000 compared to the same period last year[90]. Expenses and Costs - Administrative expenses for the quarter were approximately RMB 11,553,000, slightly down from RMB 11,620,000 in the previous year[19]. - Total cost of sales and administrative expenses for Q1 2023 was RMB 629,367,000, a decrease of 4.1% from RMB 656,296,000 in Q1 2022[43]. - Depreciation and amortization expenses totaled RMB 4,249,000 for the period[38]. - Depreciation and amortization increased to RMB 4,249,000 in Q1 2023 from RMB 3,944,000 in Q1 2022, representing an increase of 7.7%[43]. - Finance costs increased by RMB 1,858,000 or 45.48% to RMB 5,943,000 compared to RMB 4,085,000 in the same period last year, mainly due to increased handling fees related to finance leases[70]. Corporate Governance - The company has complied with the Corporate Governance Code during the reporting period, with a noted deviation regarding the separation of the roles of Chairman and Chief Executive[111]. - Mr. Yang Weihong has been serving as both Chairman and President since May 11, 2018, and the company plans to review this structure in the future[118]. - The audit committee, comprising independent non-executive directors, has reviewed the company's unaudited results for the reporting period[119]. - All directors confirmed compliance with the code of dealing in securities as per GEM Listing Rules[120]. - The company has established an audit committee in accordance with GEM Listing Rule 5.28, comprising independent non-executive directors with appropriate professional qualifications and financial experience[122]. - All directors confirmed compliance with the securities trading code established under GEM Listing Rules 5.48 to 5.68[123]. Shareholding Structure - As of March 31, 2023, Tianjin Teda Investment Holding Co., Ltd. holds 58.74% of the domestic shares, while Chia Tai Pharmaceutical Investment (Beijing) Co., Ltd. holds 30.19%[104]. - Chia Tai Land Company Limited and Tianjin Port Development Holdings Limited hold 11.07% and 20.36% of the shares, respectively[104]. - Hongkong Topway Trading Co., Limited holds 10.18% of the H shares of the Company[104]. - Chia Tai Pharmaceutical Investment (Beijing) Co., Ltd. holds 77,303,789 domestic shares, representing 30.19% of the total issued share capital[107]. - Charoen Pokphand Group Co., Ltd. has an interest in 28,344,960 domestic shares, accounting for 11.07% of the total issued share capital[107]. - As of March 31, 2023, no other individuals, apart from directors and executives, held interests or short positions that required disclosure under the SFO[108]. Future Outlook - The international environment remains complex and uncertain, posing challenges to future economic development[94]. - The Group experienced a significant decrease in supply chain and logistics services for finished automobiles and components due to production reductions by main customers and a decrease in imported automobiles[94]. - Despite challenges, the Group aims to stabilize its automobile logistics and electronic components logistics businesses while expanding its overall business scope[92]. - The Group plans to leverage its materials procurement business to support overall operations and promote innovation in physical logistics[92]. - The Group is committed to overcoming difficulties and achieving high-quality development despite adverse factors[95].
滨海泰达物流(08348) - 2023 Q1 - 季度财报