Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of 8,849.3 million in 2023[5]. - The gross profit for the same period was 472.8 million in the previous year[5]. - The adjusted EBITDA reached 146.7 million in 2023[5]. - The adjusted net profit for the year was 1,156.4 million in the previous year[5]. - The company reported a net profit attributable to shareholders of 1,100.99 million in 2023[185]. - Basic earnings per share for 2024 were 26.3 per share in 2023, reflecting a positive turnaround in profitability[185]. Revenue Growth - The Southeast Asia segment generated revenue of 2,633.4 million in 2023, indicating strong growth in this region[104]. - The China segment's revenue increased from 6,388.1 million in 2024, showcasing robust performance in the Chinese market[104]. - New market revenue grew by 76.1% from 575.6 million in 2024, with parcel volume increasing by 22.1%[118]. - Express service revenue grew by 23.4% from 9,980.3 million in 2024, primarily due to increased service revenue from the growth in express business[111]. Package Volume and Market Share - The company processed a total of 24.65 billion packages in 2024, a 31.0% increase from 18.81 billion packages in 2023[10]. - The total package volume in Southeast Asia reached 4.5632 billion in 2024, compared to 3.2400 billion in 2023, marking a year-on-year growth of 40.8%[38]. - In China, the company processed 19.8012 billion packages in 2024, a 29.1% increase from 15.3414 billion packages in 2023[34]. - The company's market share in Southeast Asia increased to 28.6% in 2024 from 25.4% in 2023[10]. - The company's market share in China increased to 11.3% in 2024, up from 10.6% in 2023, reflecting a 0.7 percentage point gain[47]. Cost Management and Efficiency - The average cost per package in Southeast Asia decreased from 0.57 in 2024, demonstrating effective cost management strategies[44]. - The single ticket cost has decreased from 0.30 in 2024, reflecting ongoing operational optimization[54]. - The overall single-piece cost in China decreased from 0.30 in 2024, due to ongoing operational optimization[124]. - The company achieved a gross profit margin improvement from 5.3% in 2023 to 10.5% in 2024, with total gross profit rising from 1,078.2 million[138]. Operational Improvements - The average delivery time for packages in Southeast Asia decreased by 10.5% in 2024 compared to 2023, reflecting improved operational efficiency[42]. - The company processed over 24.0 million packages in a single day during the 2024 Double Twelve shopping festival, showcasing its strong logistics network and capacity flexibility[42]. - The company aims to enhance service quality and customer satisfaction by reducing average delivery times and increasing the proportion of same-day and next-day deliveries[52]. - The company has established an intelligent route planning and resource management system, optimizing transportation routes to reduce costs and improve efficiency[81]. Market Expansion and Strategy - The company plans to continue expanding its market presence in new regions, including Saudi Arabia, UAE, Mexico, Brazil, and Egypt[8]. - The company is actively expanding its non-e-commerce customer base, including social media businesses and enterprises, which are expected to contribute higher pricing and profitability[101]. - The company is focusing on building strong partnerships with global e-commerce platforms to capitalize on the growth of cross-border e-commerce logistics[98]. - The company aims to enhance its network coverage and capacity by investing in transit center facilities and increasing the number of vehicles to meet rising market demands[95]. Technology and Innovation - The company is investing heavily in automation equipment and AI route planning technology to reduce operational costs and improve efficiency in the collection and delivery process[77]. - The "Hello Boss" application has achieved over 90% coverage in China, with plans to expand into Southeast Asia, significantly enhancing end-point digitalization and operational efficiency[76]. - The company has developed a proprietary address digitization platform, significantly improving address analysis accuracy and reducing misdelivery rates, particularly in Southeast Asia[83]. - The company is exploring the application of cutting-edge technologies such as unmanned vehicles and drones in the collection and delivery process[77]. Financial Position and Liabilities - Total liabilities increased to 4,121,815 thousand in 2023, indicating a rise in financial obligations[169]. - The group's debt-to-asset ratio as of December 31, 2024, is 65.4%, up from 62.4% in 2023[155]. - Cash generated from operating activities in 2024 is 342.0 million in 2023, indicating improved cash flow management[154]. - As of December 31, 2024, the group's cash and cash equivalents total 262.6 million[154].
极兔速递-W(01519) - 2024 - 年度业绩