CTS Logistics(603128)2021-04-19 16:00Financial Performance - Operating revenue for the current period was ¥2,176,219,142.91, representing a 106.13% increase year-on-year[12]. - Net profit attributable to shareholders of the listed company surged by 231.91% to ¥185,138,947.84[12]. - The total profit increased by 211.99% to RMB 249.72 million, while the net profit attributable to the parent company rose by 231.91% to RMB 185.14 million[28][31]. - The company's operating revenue reached RMB 4.49 billion, a year-on-year increase of 106.13%[28]. - Net profit for Q1 2021 was ¥195,955,276.82, compared to ¥64,195,313.59 in Q1 2020, indicating an increase of about 205.5%[58]. - Operating profit for Q1 2021 was ¥249,913,528.48, up from ¥80,089,441.92 in Q1 2020, reflecting a growth of approximately 212.4%[56]. - The company reported a total profit of ¥249,720,492.60 for Q1 2021, compared to ¥80,041,294.43 in Q1 2020, indicating an increase of approximately 212.3%[58]. - Comprehensive income for Q1 2021 was ¥197,411,921.54, compared to ¥70,597,187.95 in Q1 2020, showing an increase of approximately 179.9%[58]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,645,497,908.50, an increase of 1.90% compared to the end of the previous year[12]. - Total liabilities amounted to ¥2,742,651,907.74, an increase from ¥2,567,603,693.09 in the previous period, reflecting a growth of approximately 6.8%[51]. - The company's total equity rose to ¥3,572,370,505.25, compared to ¥3,505,687,281.78, marking an increase of approximately 1.9%[51]. - The company’s total equity attributable to shareholders reached ¥4,773,069,872.76, an increase from ¥4,585,633,853.06, reflecting a growth of about 4.1%[51]. - Total current asset of ¥3,394,879,936.32, up from ¥3,188,353,697.05, reflecting an increase of approximately 6.5%[49]. - Non-current assets totaled ¥2,920,142,476.67, compared to ¥2,884,937,277.82, indicating a growth of about 1.2%[49]. - Cash and cash equivalents decreased to ¥519,279,519.73 from ¥694,069,569.97, a decline of about 25.2%[49]. Cash Flow - The net cash flow from operating activities was negative at -¥41,512,445.01, a decrease of 140.23% compared to the same period last year[12]. - Cash inflow from operating activities was CNY 4,459,823,834.04, significantly higher than CNY 2,505,983,152.34 in the same period last year[67]. - Cash flow from investing activities resulted in a net outflow of CNY -162,271,549.88, compared to CNY -3,484,535.82 last year[67]. - Cash flow from financing activities generated a net inflow of CNY 51,335,477.43, down from CNY 153,267,420.26 in the previous year[67]. - The net increase in cash and cash equivalents was CNY -150,509,821.24, contrasting with an increase of CNY 266,974,008.57 in the previous year[69]. - The ending balance of cash and cash equivalents was CNY 1,262,019,375.51, down from CNY 1,361,287,324.23 last year[69]. Operational Highlights - The international air freight business volume increased by 23,000 tons to 105,000 tons, and the international sea freight business volume rose by 57,300 TEUs to 265,000 TEUs[30]. - The international air freight revenue, including cross-border e-commerce, was RMB 1.66 billion, up 81.49% year-on-year, while international sea freight revenue reached RMB 2.16 billion, an increase of 155.28%[30]. - Operating costs amounted to RMB 3.98 billion, reflecting a year-on-year growth of 108.07%[28]. - Sales expenses were RMB 161.82 million, a 37.91% increase, while management expenses rose by 52.87% to RMB 100.37 million[34]. - The company is focusing on enhancing its traditional international air and sea freight forwarding business and actively developing cross-border e-commerce logistics[31]. - The company aims to optimize its business model and customer structure in response to market demand and structural reforms[31]. - The company is committed to improving its multi-modal transport capabilities centered around the "China-Europe Railway Express" service[31]. Shareholder Information - The number of shareholders at the end of the reporting period was 37,903[19]. - Basic earnings per share for Q1 2021 were ¥0.14, compared to ¥0.04 in Q1 2020, marking an increase of 250%[58]. Other Financial Information - Research and development expenses for Q1 2021 totaled ¥3,650,673.29, a decrease from ¥5,269,771.61 in Q1 2020, showing a reduction of about 30.6%[56]. - Tax expenses for Q1 2021 were ¥53,765,215.78, compared to ¥15,845,980.84 in Q1 2020, reflecting an increase of about 238.5%[58]. - Total cash outflow for operating activities was CNY 4,501,336,279.05, compared to CNY 2,402,785,048.55 last year[67]. - Cash paid to employees was CNY 294,868,028.43, an increase from CNY 225,783,114.36 in the previous year[67]. - The company has not applied the new lease accounting standards since 2021[72]. - There are no retrospective adjustments for prior comparative data related to the new lease accounting standards[72]. - The audit report is not applicable for the current financial period[72].