长久物流(603569) - 2020 Q1 - 季度财报

Important Notice The company's board, supervisory board, and senior management guarantee the report's truthfulness and completeness, and this Q1 2020 report is unaudited - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, with no false records, misleading statements, or major omissions, and assume corresponding legal responsibilities[8] - This company's Q1 2020 report is unaudited[11] Company Overview This section provides an overview of the company's key financial performance, non-recurring items, and detailed shareholder information for the reporting period Key Financial Data In Q1 2020, the company experienced a significant decline in key financial indicators due to the pandemic, with operating revenue decreasing by 40.21% year-on-year, net profit attributable to shareholders turning from profit to loss with a 160.96% year-on-year drop, and basic earnings per share falling to -0.06 Yuan Key Financial Data for Q1 2020 | Indicator | End of Current Period / Year-to-Date | End of Prior Year / Prior Year-to-Date | Change (%) | | :--- | :--- | :--- | :--- | | Balance Sheet | | | | | Total Assets (Yuan) | 5,784,962,955.68 | 6,167,139,490.20 | -6.20 | | Net Assets Attributable to Shareholders (Yuan) | 2,617,170,947.59 | 2,651,602,175.50 | -1.30 | | Income Statement | | | | | Operating Revenue (Yuan) | 699,994,549.90 | 1,170,701,617.48 | -40.21 | | Net Profit Attributable to Shareholders (Yuan) | -33,375,754.72 | 54,752,526.95 | -160.96 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (Yuan) | -35,594,750.17 | 50,176,171.19 | -170.94 | | Weighted Average Return on Net Assets (%) | -1.27 | 2.06 | Decrease 3.33 percentage points | | Basic Earnings Per Share (Yuan/share) | -0.06 | 0.10 | -160.00 | | Diluted Earnings Per Share (Yuan/share) | -0.04 | 0.10 | -140.00 | | Cash Flow Statement | | | | | Net Cash Flow from Operating Activities (Yuan) | 235,949,369.48 | 267,096,300.20 | -11.66 | Non-recurring Gains and Losses and Amounts During the reporting period, the company's total non-recurring gains and losses amounted to 2.219 million Yuan, primarily from approximately 3.38 million Yuan in government subsidies, while also including about 0.43 million Yuan in external donations during the pandemic Details of Non-recurring Gains and Losses | Item | Current Period Amount (Yuan) | Notes | | :--- | :--- | :--- | | Gains and Losses from Disposal of Non-current Assets | 15,548.74 | | | Government Subsidies Included in Current Profit and Loss | 3,377,699.92 | | | Other Non-operating Income and Expenses Apart from the Above | -433,149.00 | External donations during pandemic | | Impact on Minority Interests (After Tax) | -1,079.30 | | | Income Tax Impact | -740,024.92 | | | Total | 2,218,995.44 | | Shareholder Holding Information As of the end of the reporting period, the company had 15,204 shareholders, with controlling shareholder Jilin Changjiu Industrial Group Co., Ltd. holding 76.65%, indicating a highly concentrated equity structure, and actual controllers Bo Shijiu and Li Guiping indirectly holding 77.82% through Changjiu Group and Xinchanghui - Total number of shareholders at the end of the reporting period was 15,204[19] Top Ten Shareholders' Holding Information | Shareholder Name | Shares Held at Period End | Proportion (%) | | :--- | :--- | :--- | | Jilin Changjiu Industrial Group Co., Ltd. | 429,454,533 | 76.65 | | Li Yanchun | 23,511,044 | 4.20 | | Li Wanjun | 23,511,044 | 4.20 | | Mingzhi Hexin Guangfu (Tianjin) Equity Investment Partnership (Limited Partnership) | 21,398,388 | 3.82 | | Xinjiang Xinchanghui Equity Investment Management Co., Ltd. | 6,304,472 | 1.13 | | Jiang Baolong | 1,221,840 | 0.22 | | Hong Kong Securities Clearing Company Limited | 1,142,545 | 0.20 | | Dong Huimin | 971,200 | 0.17 | | Zhu Chengxiang | 946,839 | 0.17 | | Gu Yanhong | 600,000 | 0.11 | - Controlling shareholder Changjiu Group and its concerted party Xinchanghui collectively indirectly hold 77.82% of the company's shares, with the actual controllers being Bo Shijiu and Li Guiping[23] Significant Matters This section details major changes in the company's key financial statement items and indicators, along with their underlying reasons, reflecting the impact of the pandemic and strategic adjustments Major Changes and Reasons for Key Financial Statement Items and Indicators During the reporting period, several financial indicators underwent significant changes due to the pandemic and operational adjustments, with revenue, costs, and taxes decreasing due to reduced business volume, while other current assets substantially increased from wealth management product purchases, and some short-term borrowings were repaid, and investment income significantly declined primarily due to increased losses from associates Significant Changes in Balance Sheet Items | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Cash and Cash Equivalents | -31.39% | Primarily due to increased purchases of wealth management products in this period | | Receivables Financing | 56.43% | Primarily due to increased bill pool business in this period | | Inventories | 157.26% | Primarily due to increased undelivered quantities in this period | | Other Current Assets | 425.62% | Primarily due to increased purchases of wealth management products in this period | | Advances from Customers | 63.39% | Primarily due to increased advances from customers in this period | | Employee Benefits Payable | -70.31% | Primarily due to reductions in social security contributions and salaries in this period | | Taxes Payable | -56.44% | Primarily due to business decline affected by the pandemic in this period | Significant Changes in Income Statement and Cash Flow Statement Items | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Income Statement Items | | | | Operating Revenue | -40.21% | Primarily due to business decline affected by the pandemic in this period | | Operating Cost | -36.39% | Primarily due to business decline affected by the pandemic in this period | | Taxes and Surcharges | -49.49% | Primarily due to business decline affected by the pandemic in this period | | Investment Income | -621.69% | Primarily due to increased losses from associates in this period | | Cash Flow Statement Items | | | | Net Cash Flow from Investing Activities | -41.99% | Primarily due to decreased wealth management investments in this period | | Net Cash Flow from Financing Activities | 328.18% | Primarily due to repayment of short-term loans in this period | Appendix (Financial Statements) This appendix provides comprehensive financial statements, including consolidated and parent company balance sheets, income statements, and cash flow statements, along with explanations for new accounting standard adoptions Consolidated Balance Sheet This section presents the consolidated balance sheet as of March 31, 2020, detailing the company's assets, liabilities, and owners' equity at the end of the reporting period, compared with year-end 2019 data Parent Company Balance Sheet This section provides the parent company balance sheet as of March 31, 2020, reflecting the individual financial position of the parent company Consolidated Income Statement This section presents the consolidated income statement for Q1 2020, showing the company's operating results including total operating revenue, costs, expenses, profit, and earnings per share for the period, compared with the prior year's corresponding period Parent Company Income Statement This section provides the parent company income statement for Q1 2020, reflecting the individual operating results of the parent company Consolidated Cash Flow Statement This section presents the consolidated cash flow statement for Q1 2020, detailing the company's cash inflows and outflows from operating, investing, and financing activities Parent Company Cash Flow Statement This section provides the parent company cash flow statement for Q1 2020, reflecting the individual cash flow position of the parent company Explanation of Adjustments for First-time Adoption of New Standards The company did not first adopt new revenue or lease standards during this reporting period, thus no adjustments were made to the opening financial statements - The company announced that it did not first adopt new revenue or lease standards starting from 2020, therefore no retrospective adjustments were made to the financial statements[63]