GenSho Logistics(SH:603813)2022-03-17 16:00Financial Performance - The company's operating revenue for 2021 was CNY 490,177,487.56, representing a 6.53% increase compared to CNY 460,120,061.27 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 30,815,695.82, a significant recovery from a loss of CNY 163,732,402.68 in 2020[21]. - The net profit after deducting non-recurring gains and losses was CNY 30,737,054.02, compared to a loss of CNY 165,701,497.50 in the previous year[21]. - The company's net profit for 2021 was CNY 17,606,873.07, a significant recovery from a net loss of CNY 1,840,000 in 2020[25]. - The basic earnings per share for 2021 was CNY 0.35, compared to a loss of CNY 1.84 per share in 2020[23]. - The weighted average return on equity increased to 6.10% in 2021, up from -28.24% in 2020, marking an improvement of 34.34 percentage points[23]. - Total assets grew by 72.23% year-over-year, reaching CNY 1,158,146,641.46 at the end of 2021, compared to CNY 672,424,931.77 at the end of 2020[22]. - The company's cash flow from operating activities was CNY 171,211,693.03 in 2021, a 97.44% increase from CNY 86,713,734.89 in 2020[22]. - The total revenue for the reporting period was CNY 490.18 million, representing a year-on-year growth of 6.53%[34]. - The total profit reached 36.50 million RMB, with a net profit attributable to shareholders of 30.82 million RMB[53]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 1.042 per 10 shares, totaling CNY 9,251,084.40 based on a total share capital of 8,878.20 million shares as of December 31, 2021[5]. - The proposed profit distribution plan requires approval from the 2021 annual general meeting of shareholders before implementation[135]. - The company plans to implement a shareholder dividend return plan for the next three years (2021-2023)[115]. - The company emphasizes a stable and continuous profit distribution policy, balancing short-term and long-term shareholder interests[130]. Operational Developments - The company signed a 10+10 year lease agreement for the Zengcheng Supply Chain Center, which began operations in November 2021, generating CNY 23.43 million in revenue during the reporting period[32]. - The company plans to construct a new smart logistics center of 38,503 square meters to enhance operational efficiency and collaboration with GAC Honda[33]. - The company is involved in the construction of the Zengcheng Supply Chain Center project with a total estimated contract price of ¥1.03 billion[78]. - The company plans to construct the headquarters Smart Center project with an estimated contract price of ¥94.90 million[80]. Risk Management - The company has detailed potential risks in the "Management Discussion and Analysis" section of the annual report[7]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for providing guarantees[7]. - The company has implemented comprehensive safety management systems, but risks of accidents and claims still exist due to the complexity of transportation environments[94]. Legal and Compliance - The company has faced risks related to market fluctuations and dependency on key customers, which could significantly impact operational performance[93]. - The company has conducted five meetings of the strategic and investment management committee during the reporting period[122]. - The company has a dedicated investor relations management system to enhance communication with shareholders and improve transparency[98]. - The company has not encountered any non-operating fund occupation by controlling shareholders or related parties during the reporting period[164]. Market Position and Strategy - The company aims to become a leading logistics service provider in the automotive parts logistics industry, focusing on expanding its customer base and business scale[87]. - The company plans to deepen cooperation with major clients like GAC Honda, enhancing its role in the supply chain management of automotive parts[88]. - The company intends to expand its logistics model to other industries, leveraging its experience in the automotive sector to provide integrated logistics services[90]. - The company is exploring the establishment of a pre-storage warehouse outside the airport to improve logistics efficiency for international cargo[90]. Employee and Management - The total number of employees in the company and its main subsidiaries is 1,236, with 920 in production, 83 in sales, and 66 in technical roles[126]. - The company has established a training system to enhance management and operational skills, focusing on safety education for drivers and standardizing operational procedures[128]. - The total pre-tax remuneration for directors and senior management during the reporting period amounted to 284.31 million yuan[105]. Environmental and Social Responsibility - The company has complied with environmental regulations and has not faced any major penalties related to environmental issues during the reporting period[142]. - The company actively participated in pandemic response efforts, receiving recognition from the Guangdong Provincial Logistics Industry Association for its contributions[144]. - The company has contributed 82,000 RMB worth of agricultural products to support poverty alleviation and rural revitalization efforts[146]. Shareholder Information - The company has 6,802 ordinary shareholders as of the end of the reporting period, down from 7,320 at the end of the previous month[190]. - The largest shareholder, Yu Jun, holds 99.4% of Yuan Shang Investment, which owns 41,460,000 shares, representing 46.70% of the total share capital[193]. - There are no reported pledges of shares by the controlling shareholder or first major shareholder exceeding 80% of their holdings[198]. - The company has not implemented any share buyback during the reporting period[198].