Core Insights - The company reported significant revenue growth and profit release in 2024, with total revenue, net profit attributable to shareholders, and net profit excluding non-recurring items reaching 3.676 billion, 260 million, and 235 million yuan respectively, all showing year-on-year increases of 30% and 17% [2] - The company is expanding its product offerings and exploring new sales channels, particularly in the e-commerce sector, which is expected to drive future growth [3] - The company has a robust online sales service system that meets the current demands of the liquor industry, with a positive earnings forecast for 2025-2027 [4] Financial Performance - In 2024, the company's total revenue and net profit for Q4 were 901 million and 70 million yuan respectively, with year-on-year growth of 5% and 68% [2] - The gross margin and net margin for 2024 were 25% and 7%, showing slight declines compared to the previous year, while Q4 margins improved slightly [2] - Operating cash flow was negative at -235 million yuan for the year, despite a 19% increase in sales collection [2] Product and Channel Development - Internet sales and services generated 362.9 million and 4.7 million yuan in 2024, with internet sales growing by 32.1% [3] - The company is collaborating with well-known brands to develop new products, including limited edition offerings, which are expected to enhance growth [3] - The company is establishing a strong presence in live-streaming e-commerce, with nearly 4,000 square meters of space dedicated to live-streaming bases in key cities [3] Earnings Forecast - The company is projected to have earnings per share (EPS) of 0.48, 0.60, and 0.74 yuan for 2025-2027, with corresponding price-to-earnings (PE) ratios of 13, 10, and 8 times [4]

Investment Rating - The report maintains a "Buy" investment rating for the company [1][8]. Core Insights - The company has demonstrated significant revenue growth and profit elasticity, with total revenue and net profit for 2024 reaching 3.676 billion and 260 million yuan, respectively, reflecting year-on-year increases of 30% [5]. - The company is actively expanding its product offerings and exploring new sales channels, particularly in the e-commerce sector, which is expected to drive future growth [6]. - The earnings forecast for 2025-2027 indicates a steady increase in earnings per share (EPS), projected at 0.48, 0.60, and 0.74 yuan, respectively, with corresponding price-to-earnings (PE) ratios of 13, 10, and 8 times [8][10]. Summary by Sections Financial Performance - In 2024, the company's total revenue, net profit, and net profit excluding non-recurring items were 3.676 billion, 260 million, and 235 million yuan, respectively, with year-on-year growth rates of 30% for revenue and net profit [5]. - The fourth quarter of 2024 saw total revenue of 901 million yuan, with net profit increasing by 68% year-on-year [5]. - The gross margin and net margin for 2024 were 25% and 7%, respectively, showing slight declines compared to the previous year [5]. Product Development and Sales Channels - The company is focusing on developing new products in collaboration with well-known brands, which is expected to enhance growth [6]. - Internet sales and services generated revenues of 362.9 million and 4.7 million yuan in 2024, with internet sales growing by 32.1% year-on-year [6]. Earnings Forecast - The company is projected to achieve a revenue growth rate of 30.2% in 2024, with net profit growth of 29.6% [10]. - The forecast for 2025-2027 indicates continued growth in both revenue and net profit, with expected figures of 4.55 billion and 343 million yuan in 2025 [10].

Investment Rating - The report maintains a "Buy" investment rating for the company [1][8] Core Insights - The company has demonstrated significant revenue growth and profit elasticity, with total revenue and net profit for 2024 reaching 3.676 billion and 260 million yuan respectively, both showing a year-on-year increase of 30% [5] - The company is expanding its product offerings and exploring new sales channels, particularly in the e-commerce sector, which is expected to drive future growth [6] - The earnings per share (EPS) forecast for 2025-2027 is projected to be 0.48, 0.60, and 0.74 yuan, respectively, indicating a strong growth trajectory [8] Summary by Sections Financial Performance - In 2024, total revenue, net profit, and net profit excluding non-recurring items were 3.676 billion, 260 million, and 235 million yuan, respectively, with year-on-year growth rates of 30%, 30%, and 17% [5] - The fourth quarter of 2024 saw total revenue, net profit, and net profit excluding non-recurring items of 901 million, 70 million, and 45 million yuan, with year-on-year growth rates of 5%, 68%, and 7.06% [5] - The company maintained a gross margin of 25% and a net margin of 7% for 2024, with slight variations in the fourth quarter [5] Product Development and Sales Channels - Internet sales and services generated revenues of 362.9 million and 4.7 million yuan in 2024, reflecting year-on-year growth of 32.1% and a decline of 38.35% respectively [6] - The company is collaborating with brand partners to develop new products, including limited editions and strategic flagship products, which are expected to enhance sales [6] Earnings Forecast - The company is expected to achieve a revenue growth rate of 30.2% in 2024, with projections of 4.55 billion, 5.59 billion, and 6.76 billion yuan for 2025, 2026, and 2027 respectively [10] - The net profit is forecasted to grow at rates of 29.6%, 31.8%, 26.6%, and 23.4% for the same years, with corresponding net profits of 343 million, 434 million, and 536 million yuan [10]

Core Insights - The company reported a revenue of 3.676 billion yuan for 2024, representing a year-on-year increase of 30.2% [1] - The net profit attributable to shareholders reached 260 million yuan, up 29.6% year-on-year, while the net profit excluding non-recurring items was 235 million yuan, reflecting a 16.9% increase [1] Group 1: Sales Performance - The company experienced strong sales during peak seasons such as the New Year Festival and Double Eleven, with stable growth in its core business [2] - For 2024, internet sales and internet service revenues were 3.629 billion yuan and 474 million yuan, respectively, showing a year-on-year increase of 32.1% and a decrease of 38.4% [2] - The total Gross Merchandise Volume (GMV) for the year was 8.2 billion yuan, a 7% increase year-on-year [2] Group 2: Profitability Analysis - The overall gross margin for 2024 was 24.9%, a decrease of 0.5 percentage points year-on-year, while Q4 gross margin improved to 28.1%, a 2.8 percentage point increase quarter-on-quarter [3] - The company achieved a net profit margin of 7.7% in Q4, up 2.9 percentage points year-on-year, and maintained a net profit margin of 7.1% for the entire year [3] - The total expense ratio for 2024 was 16.0%, down 1.3 percentage points year-on-year, with significant improvements in sales expense ratio in Q4 [3] Group 3: Future Outlook - The company is expected to deepen relationships with major manufacturers, which may lead to the gradual release of incremental business opportunities [4] - The company plans to expand its overseas market presence through platforms like TikTok and Shopee, with a live streaming base in Jakarta, Indonesia [4] - Revenue projections for 2025 and 2026 are estimated at 4.53 billion yuan and 5.58 billion yuan, respectively, with net profits of 340 million yuan and 440 million yuan [4]

Core Insights - Xinhua Du achieved significant growth in both revenue and net profit for 2024, with revenue reaching 3.676 billion yuan, a year-on-year increase of 30.18%, and net profit attributable to shareholders at 260 million yuan, up 29.61% [1] Group 1: Business Performance - The company expanded its advantage in the liquor sector, with online penetration accelerating, and during the "618" shopping festival, the GMV for leading liquor brands exceeded a growth rate of 50% [1] - The company reported that during the "Double 11" shopping festival, the total GMV for its partnered brands surpassed 1 billion yuan for the first time [1] - Xinhua Du opened new live streaming channels for brands like Luzhou Laojiao, achieving a total GMV of over 120 million yuan through platforms such as Douyin, Kuaishou, and WeChat [1] Group 2: Strategic Initiatives - Following the divestiture of its retail business in April 2022, the company focused on internet marketing through its wholly-owned subsidiary, Jiu Ai Zhi He, establishing deep strategic partnerships with major e-commerce platforms [2] - The company is actively expanding its cross-border e-commerce business through platforms like TikTok and Lazada, targeting overseas markets [2] - Xinhua Du has developed a comprehensive logistics system with 14 warehousing centers across major regions, capable of handling over 60,000 orders per day [2] Group 3: Future Outlook - The company plans to continue enhancing its internet marketing business, focusing on data-driven performance marketing and product development [3] - Xinhua Du aims to deepen its strategic brand partnerships while leveraging its e-commerce operational experience and supply chain capabilities to identify new growth opportunities [3] - The company intends to utilize its integrated data service platform and talent accumulation to enter new markets through industry and capital cooperation, brand incubation, and upstream-downstream integration [3]

新华都科技股份有限公司 2024 年年度财务报告 新华都科技股份有限公司 2024 年年度财务报告 2025 年 03 月 新华都科技股份有限公司 2024 年年度财务报告 一、审计报告 | 审计意见类型 | 标准的无保留意见 | | --- | --- | | 审计报告签署日期 | 2025 年 03 月 27 日 | | 审计机构名称 | 天健会计师事务所（特殊普通合伙） | | 审计报告文号 | 天健审〔2025〕13-7 号 | | 注册会计师姓名 | 陈祖珍、吴芳芳 | 审计报告正文 一、审计意见 我们审计了新华都科技股份有限公司（以下简称新华都公司）财务报表，包括 2024 年 12 月 31 日的 合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司 所有者权益变动表，以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制，公允反映了新华都公司 2024 年 12 月 31 日的合并及母公司财务状况，以及 2024 年度的合并及母公司经营成果和现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行 ...

新华都科技股份有限公司 报告说明： 1、报告范围：本报告的信息和数据均来自新华都科技股份有限公司（以下 简称"公司"）及其控股子公司。 2、报告年份：本报告是对公司 2024 年 1 月 1 日至 2024 年 12 月 31 日期间 履行社会责任情况的报告。 3、本公司不是深交所强制履行社会责任报告披露义务的公司，本次披露为 公司主动履行披露义务。 一、公司概况 公司成立于 2004 年 5 月 17 日，于 2008 年 7 月 31 日在深圳证券交易所上 市（股票名称：新华都、股票代码：002264）。 公司主营互联网营销业务。根据中国上市公司协会发布的《2024 年上半年 上市公司行业分类结果》，公司所属行业为"信息传输、软件和信息技术服务业 （I）"中"互联网和相关服务（64）"。 公司主营业务模式是以数据研究为基础的互联网营销业务，包括全渠道电 商销售服务、产品研发及营销服务和数字营销服务等。公司始终致力于通过一 站式的数字营销整合解决方案及服务实现客户商业价值最大化，提升客户的互 联网品牌影响力以及电子商务市场份额。 公司秉承"诚信、责任、简单、敢为"的核心价值观，始终以消费者为中 心，以产品为 ...

证券代码：002264 证券简称：新华都 公告编号：2025-028 新华都科技股份有限公司 关于 2024 年度募集资金存放与使用情况专项报告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 注：截至 2024 年 12 月 31 日，公司用闲置募集资金暂时补充流动资金余额 11,500 万元。 二、募集资金存放和管理情况 根据《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要 求》、《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》 的规定，现将新华都科技股份有限公司（以下简称"公司""本公司"）募集资金 2024 年度存放与使用情况公告如下： 一、募集资金基本情况 (一) 实际募集资金金额和资金到账时间 根据中国证券监督管理委员会《关于核准新华都购物广场股份有限公司非公 开发行股票的批复》（证监许可〔2021〕2941 号），本公司由主承销商国投证券 股份有限公司(原名：安信证券股份有限公司，下同)采用非公开方式，向特定对 象发行人民币普通股（A 股）股票 3,594.08 万股，发行价为每股人民币 4.73 元， ...

新华都科技股份有限公司 2024 年度内部控制自我评价报告 一、重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价 其有效性，并如实披露内部控制评价报告是公司董事会的责任。监事会对董事 会建立和实施内部控制进行监督。经理层负责组织领导企业内部控制的日常运 行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存在 任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完 整性承担个别及连带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告 及相关信息真实完整，提高经营效率和效果，促进实现发展战略。由于内部控 制存在的固有局限性，故仅能为实现上述目标提供合理保证。此外，由于情况 的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低， 根据内部控制评价结果推测未来内部控制的有效性具有一定的风险。 根据《公司法》、《证券法》、《企业内部控制基本规范》、《企业内部控制配 套指引》及《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司 规范运作》等相关法律法规要求，结合公司内部控制制度和评价办法，在内部 控制日常监督和专项监 ...

新华都科技股份有限公司董事会审计委员会 关于对会计师事务所履行监督职责情况的报告 根据《国有企业、上市公司选聘会计师事务所管理办法》、《深圳证券交易所 股票上市规则》、《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公 司规范运作》和《公司章程》、《董事会审计委员会工作细则》等规定和要求，新 华都科技股份有限公司（以下简称"公司"）第六届董事会审计委员会本着勤勉尽 责的原则，恪尽职守，认真履职。现对天健会计师事务所（特殊普通合伙）（以下 简称"天健所"）履行监督职责的情况报告如下： 一、2024 年年审会计师事务所基本情况 | 事务所名称 | 天健会计师事务所（特殊普通合伙） | | | | | | --- | --- | --- | --- | --- | --- | | 成立日期 | 2011 7 月 18 日 | 年 | 组织形式 | 特殊普通合伙 | | | 注册地址 | 浙江省杭州市西湖区灵隐街道西溪路 128 号 | | | | | | 首席合伙人 | 王国海 上年末合伙人数量 | | | 238 | 人 | | 上年末执业人 | 注册会计师 | | | 2,272 | 人 | | 员数 ...