Binhai Teda Logistics (08348) announced its 2023 results, with revenue of approximately RMB 3.65 billion (per unit...
According to the Zhitong Finance App, Binhai Teda Logistics (08348) announced its 2023 results. Operating revenue was approximately RMB 3.65 billion (same unit), up 10.57% year on year; profit attributable to company owners was RMB 29.778 million, up 0.52% year on year; basic profit per share was 0.08 yuan.
During the reporting period, the revenue and segment performance of the logistics service business in the automotive vehicle and parts supply chain declined compared to the same period last year. The main reason was the decline in revenue and segment performance of Toyota Logistics, a key group company, due to the two effects of the weak fuel vehicle market, reduced logistics costs by customers, and a sharp drop in the unit price of logistics service fees for imported vehicles.
During the reporting period, the Group's revenue and segment performance of the material procurement and related logistics services business increased compared to the same period last year, mainly due to the increase in business volume. Revenue from the warehousing, transportation and supervision business increased compared to the same period of the previous year, and segment performance increased compared to the same period of the previous year. The main reason was that the bonded warehouses of the company's subsidiaries improved management level, reduced costs and increased revenue, and achieved an increase in performance. The operating income and operating profit of the electronic components supply chain logistics service business declined compared to the same period last year. The main reason was that market competition intensified and business volume declined; the operating income and operating profit of the cold chain logistics service business declined compared to the same period of the previous year. The main reason was that due to the impact of epidemic prevention and control policy adjustments, the first-level inspection service with high gross margin stopped, and regional market competition became more intense, leading to a continuous decline in business volume and profit margin levels.