2025 Annual Board of Directors Work Report
In 2025, the Board of Directors of Xinjiang Tienshun Supply Chain Co., Ltd. strictly adhered to the Company Law, Securities Law, and relevant regulations, diligently fulfilling its responsibilities and actively implementing the resolutions of the shareholders' meeting to continuously standardize corporate governance. The following is a report on the work of the Board of Directors for 2025:
I. Key Work Completion in 2025
(1) Company Operating Conditions
The company closely followed the national "Belt and Road" initiative, firmly implementing the strategic development plan to establish Tienshun as an integrated, international, and comprehensive logistics and supply chain service provider centered on Xinjiang. During the reporting period, despite a complex external market environment and operational pressures, the company adhered to a "seeking progress while maintaining stability" operational approach, actively managing all aspects of production and operations, and relying on high-quality professional service capabilities to deepen its industry presence. The specific operating conditions for 2025 are as follows:
| Item | 2025 (10,000 yuan) | 2024 (10,000 yuan) | Year-on-Year Change |
|---|---|---|---|
| Operating Revenue | 113,680.53 | 152,971.24 | -25.69% |
| Net Profit Attributable to Shareholders | -2,383.34 | 891.67 | -367.29% |
| Net Profit Attributable to Shareholders (Excluding Non-Recurring Gains and Losses) | -2,553.97 | 846.37 | -401.75% |
| Net Cash Flow from Operating Activities | 5,659.36 | -30,698.57 | 118.44% |
| Basic Earnings per Share (yuan/share) | -0.1565 | 0.0586 | -367.06% |
| Diluted Earnings per Share (yuan/share) | -0.1565 | 0.0586 | -367.06% |
| Weighted Average Return on Net Assets | -4.70% | 1.72% | -6.42% |
| Item | End of 2025 (10,000 yuan) | End of 2024 (10,000 yuan) | Year-on-Year Change |
|---|---|---|---|
| Total Assets | 98,043.70 | 114,868.37 | -15.20% |
| Net Assets Attributable to Shareholders | 49,229.44 | 51,896.39 | -6.33% |
During the reporting period, the company achieved a cumulative operating revenue of 113,680.53 million yuan, a year-on-year decrease of 25.69%; the net profit attributable to the parent company was -2,383.34 million yuan, a year-on-year decrease of 367.29%. The main reasons include steady development in the international air logistics sector, but the coal market faced supply-demand issues leading to a decline in coal prices. The company’s supply chain and third-party logistics businesses, reliant on bulk commodities, experienced varying degrees of contraction due to declining market demand and intensified industry competition.