CTS Logistics(SH:603128)2022-04-15 16:00Financial Performance - The company achieved operating revenue of CNY 24.67 billion in 2021, a year-on-year increase of 75.02%[26]. - Net profit attributable to shareholders reached CNY 836.74 million, up 57.74% compared to the previous year[26]. - The total profit for 2021 was 1.19 billion RMB, reflecting a year-on-year growth of 65.39%[43]. - The net profit attributable to the parent company reached 837 million RMB, up 57.74% year-on-year, with a net profit of 832 million RMB after deducting non-recurring gains and losses, marking a 61.05% increase[43]. - The company's equity attributable to shareholders was CNY 51.30 billion, representing an 11.87% increase year-on-year[34]. - Basic earnings per share were CNY 0.65, a 58.54% increase compared to the previous year[34]. - The company's total operating costs increased by 78.31% year-on-year, slightly higher than the revenue growth rate[99]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 2.28 per 10 shares, totaling RMB 293,855,522.05, which accounts for 41.36% of the distributable profits[6]. - The remaining undistributed profits amount to RMB 416,544,940.66, which will be carried forward[6]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm[5]. - There are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has ensured the authenticity, accuracy, and completeness of the annual report[4]. - All board members attended the board meeting to approve the report[5]. Risk Management - The management has detailed potential risks in the report, which investors should review[8]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors[7]. - The company anticipates facing risks from global economic fluctuations due to de-globalization, trade protectionism, and geopolitical tensions, and is prepared to respond cautiously[195]. - The company emphasizes the importance of talent development and risk management to ensure sustainable growth and operational efficiency[194]. Strategic Development - The company plans to actively develop cross-border e-commerce logistics, integrating traditional international logistics with new business models[33]. - The company aims to build a global supply chain service assurance system, aligning its operations with national strategic goals and contributing to international logistics capabilities[57]. - The company is committed to providing end-to-end cross-border logistics services, integrating overseas logistics capabilities and resources based on customer needs[186]. - The company aims to enhance its logistics service capabilities and reduce reliance on overseas logistics through the establishment of the China Logistics Group, which was officially formed in December 2021[71]. - The company is focusing on enhancing its international logistics service capabilities and addressing bottlenecks in the international logistics supply chain[191]. Acquisitions and Investments - The company successfully acquired Jiacheng Logistics, enhancing its international trunk service capabilities and cross-border e-commerce logistics service capabilities[42]. - The company has made strategic acquisitions, including a 70% stake in Beijing Hu'an Runtong International Logistics Co., Ltd. and a 70% stake in Hangzhou Jiacheng International Logistics Co., Ltd., enhancing its presence in the postal international air transport market[52]. - The company acquired 70% of Hangzhou Jiacheng International Logistics Co., Ltd. for 505.37 million RMB, enhancing its capabilities in cross-border e-commerce logistics[142]. - A 5,025,000 RMB investment was made to acquire a 33.5% stake in Shenzhen Shenchuang Holdings Group Co., Ltd. to strengthen customs clearance resources[142]. - An investment of 21.6 million RMB was made to establish a joint venture for expanding land transportation and customs services in South Asia and Africa[143]. Operational Efficiency - The company has implemented a new logistics information platform to enhance operational efficiency and customer service, achieving seamless integration across various logistics processes[52]. - The company aims to enhance its operational professionalism and management efficiency through standardized operational systems and international network expansion[194]. - The company is actively integrating resources from its cross-border e-commerce logistics segment to build a global supply chain service system[53]. Market Position and Growth - The company ranked 8th in the comprehensive strength among China's top 100 freight forwarding logistics companies, 5th in international air freight, and 7th in international sea freight[75]. - The company aims to become a world-class comprehensive third-party logistics enterprise, aiming for a revenue of over 60 billion CNY within four years and to be among the top ten global third-party logistics companies in ten years[189]. - The cross-border e-commerce export logistics industry is projected to exceed 3.6 trillion yuan by 2025, with an annual compound growth rate of 22.5% from 2021 to 2025[66]. Governance and Transparency - The company held 14 board meetings during the reporting period, ensuring effective decision-making and governance[199]. - The supervisory board convened 5 meetings, focusing on financial oversight and management accountability[199]. - The company completed 4 periodic report disclosures and 63 temporary announcements, maintaining transparency and timely information dissemination[199]. - The company established an insider information management system, with all relevant personnel signing confidentiality agreements[200]. - The governance structure complies with the Company Law and regulations from the China Securities Regulatory Commission, aiming for continuous improvement[200].