Cts International Logistics Corporation Limited(603128) 4 / 15 to disclose the annual report of 2021. In 2021, the company achieved an operating revenue of about 24.668 billion yuan, an increase of 75.02% year-on-year; The net profit was about 837 million yuan, a year-on-year increase of 57.74%; The basic earnings per share is 0.65 yuan. The company plans to pay 2.28 yuan (including tax) in October in 2021.
From the main business analysis, the cross-border comprehensive logistics business with international air transportation and international shipping as the core is still the main source of the company’s profits; The proportion of cross-border e-commerce logistics revenue and gross profit increased continuously was 15.31% and 19.92% respectively, which has become the third largest business pillar of the company.
Specifically, the revenue of international air transportation and international shipping accounted for 27.76% and 47.56% of the total revenue respectively; The gross profit of the two main businesses amounted to RMB 1.610 billion, accounting for 65.12% of the total gross profit of the company’s main businesses, of which the gross profit of international air transportation accounted for 35.37% and the gross profit of international sea transportation accounted for 29.75%.
In terms of sales volume, during the reporting period, the company achieved 354400 tons of international air transportation business and 1035400 TEUs of international sea transportation business respectively, with a slight increase year-on-year.
During the reporting period, the company’s main business cost was 22.191 billion yuan, a year-on-year increase of 78.81%; The labor cost included in the direct cost is 147 million yuan and the depreciation of fixed assets is 21 million yuan, accounting for 0.66% and 0.10% respectively. The company’s external procurement cost accounted for 99.24%, and the proportion was basically the same as that in 2020.
In terms of cash flow, the company’s net cash inflow from operating activities in 2021 was 256 million yuan, compared with 755 million yuan in the same period of last year, with a significant year-on-year decrease; Net cash outflow from investment activities was 677 million yuan; The net cash inflow from financing activities was 660 million yuan, mainly including bank loan inflow of 1.475 billion yuan, bank loan repayment outflow of 573 million yuan and cash outflow from dividend distribution and interest payment of 245 million yuan.
In terms of expenses, the company’s sales expenses in 2021 were 739 million yuan, a year-on-year increase of 32.54%; The management fee was 498 million yuan, a year-on-year increase of 43.57%. Financial expenses were 55.96 million yuan, an increase of 16.57 million yuan year-on-year; The R & D cost was 37.81 million yuan, a year-on-year increase of 106.91%.
In 2021, the sales volume of the company’s top five customers was 2.399 billion yuan, accounting for 9.73% of the total annual sales; The purchase amount of the top five suppliers was 3.098 billion yuan, accounting for 13.96% of the total annual purchase.
The company also disclosed a quarterly report. During the reporting period, the company achieved an operating revenue of 6.295 billion yuan, a year-on-year increase of 40.33%; The net profit was about 252 million yuan, a year-on-year increase of 36.04%.
