Fulin Transportation(SZ:002357)2022-11-19 01:30Group 1: Company Overview and Strategy - Sichuan Fulian Transportation Group Co., Ltd. is a national first-class road passenger transport enterprise, focusing on the core business of road passenger transport and maintaining a leading service level in the industry [2][3]. - The company has been adapting to the decline in traditional road passenger transport and the ongoing impact of the pandemic by diversifying its business into express delivery, postal services, and tourism [2][3]. - The company aims to enhance its business structure by entering the ride-hailing market and utilizing "Internet+" strategies to extend its industrial chain and increase added value [2][3]. Group 2: Financial Performance - In 2021, the company achieved operating revenue of CNY 696.71 million, with transportation services accounting for 82% of total revenue [4]. - The net profit attributable to shareholders was CNY 69.16 million [4]. - The company plans to distribute a cash dividend of CNY 1.20 per 10 shares based on a total share capital of 313,489,036 shares as of December 31, 2021 [4]. Group 3: Market Challenges and Responses - The road passenger transport industry has faced several years of decline, prompting the company to actively seek new growth points through technological upgrades and the development of a customized passenger transport platform [4]. - The company is exploring logistics integration with its existing passenger transport services, aiming to create a dual main business model of passenger transport and logistics [4]. - The company has initiated pilot projects in areas like Pengxi and Jiangyou to enhance resource utilization and supplement its core business [4]. Group 4: Shareholder Engagement and Future Plans - The major shareholder, Yongfeng Group, is committed to supporting the company's strategic transformation and financial stability [3][4]. - The company is open to suggestions for future development, including potential acquisitions in high-tech or high-value-added industries to assist in its transformation [4]. - The company has established a financial shared service center since October 2017, which became operational in January 2020, covering over 40 subsidiaries and 90 accounting sets [3].