CTS Logistics(603128)2022-10-26 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥5,522,617,626.63, a decrease of 18.64% compared to the same period last year[7]. - Net profit attributable to shareholders for Q3 2022 was ¥254,032,831.21, an increase of 30.13% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥250,725,820.05, up 33.15% from the previous year[7]. - Basic earnings per share for Q3 2022 were ¥0.2, reflecting a 33.33% increase compared to the same period last year[9]. - The net profit for the year-to-date period increased by 9.67% compared to the same period last year, attributed to effective cost control[15]. - Total operating revenue for the first three quarters of 2022 reached ¥17,934,161,705.02, an increase from ¥16,602,132,051.43 in the same period of 2021, representing a growth of approximately 8.0%[31]. - Operating profit for the first three quarters of 2022 was ¥972,964,737.44, up from ¥924,375,075.27 in 2021, reflecting a growth of approximately 5.2%[34]. - The total profit for the current period is approximately ¥971.71 million, compared to ¥923.93 million in the previous period, reflecting an increase of about 5.2%[38]. - The net profit attributable to shareholders of the parent company is approximately ¥734.57 million, up from ¥669.78 million, representing a growth of about 9.7%[38]. - The total comprehensive income attributable to the parent company's owners is approximately ¥769.10 million, compared to ¥666.44 million, indicating an increase of about 15.4%[40]. - Basic earnings per share for the current period is ¥0.57, compared to ¥0.52 in the previous period, showing an increase of approximately 9.6%[40]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥10,079,836,176.13, a decrease of 4.22% from the end of the previous year[9]. - Total current assets decreased to RMB 6,912,792,638.89 from RMB 7,252,788,086.08 year-over-year[26]. - Non-current assets totaled ¥3,167,043,537.24, a decrease from ¥3,270,690,152.93 in the previous period, representing a decline of about 3.2%[30]. - Total liabilities amounted to ¥4,193,267,800.77, down from ¥5,114,312,242.68, indicating a reduction of approximately 18.0%[31]. - The company's total assets were reported at ¥10,079,836,176.13, compared to ¥10,523,478,239.01 in the previous period, showing a decrease of about 4.2%[31]. - Short-term borrowings increased to ¥285,815,667.22 from ¥217,346,929.18, marking an increase of approximately 31.5%[30]. Cash Flow - The company reported a net cash flow from operating activities of ¥1,036,034,454.69 for the year-to-date period[9]. - Cash flow from operating activities for the current period is approximately ¥19.99 billion, up from ¥15.87 billion, marking an increase of about 26.5%[40]. - The net cash flow from operating activities is approximately ¥1.04 billion, a significant improvement from a net outflow of ¥49.42 million in the previous period[44]. - The total cash and cash equivalents at the end of the period is approximately ¥2.44 billion, compared to ¥1.40 billion at the end of the previous period, reflecting an increase of about 74.7%[44]. - The company reported a tax expense of approximately ¥213.64 million, compared to ¥193.18 million in the previous period, which is an increase of about 10.6%[38]. - The company’s cash flow from financing activities resulted in a net outflow of approximately ¥312.32 million, contrasting with a net inflow of ¥531.84 million in the previous period[44]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 46,185[19]. - The largest shareholder, China Logistics Group Co., Ltd., holds 599,644,827 shares, accounting for 45.79% of total shares[22]. - There are no applicable financing or margin trading activities reported for the top shareholders[22]. Business Strategy and Outlook - The company adjusted its business structure, actively reducing low value-added and low-profit businesses, leading to a decline in Q3 revenue[15]. - The company has not disclosed any significant new strategies or product developments during the reporting period[23]. - The company has not provided specific future outlook or performance guidance in the current report[23]. Other Financial Metrics - Research and development expenses for the first three quarters of 2022 were ¥14,601,796.37, down from ¥18,361,785.83 in 2021, indicating a decrease of about 20.0%[34]. - The company's equity attributable to shareholders increased to ¥5,637,193,289.00 from ¥5,129,883,522.37, reflecting a growth of approximately 9.9%[31]. - The company's cash and cash equivalents as of September 30, 2022, amount to RMB 2,474,931,531.46, an increase from RMB 1,665,894,179.68 at the end of 2021[26]. - Accounts receivable decreased to RMB 3,484,829,383.95 from RMB 4,422,505,640.03 year-over-year[26]. - Inventory decreased significantly to RMB 4,318,372.45 from RMB 28,528,123.80 year-over-year[26].