Customer and Partner Growth - The total number of cumulative platform customers exceeded 18,100, representing an increase of approximately 18.3% compared to over 15,300 as of December 31, 2023[3]. - The number of funding partners increased by 24.4% to 163, with a total funding limit exceeding RMB 36.6 billion, a significant increase of approximately 57.8% from over RMB 23.2 billion as of December 31, 2023[3]. Financial Performance - Net profit increased by approximately 36.9% to RMB 390.9 million from RMB 285.5 million for the year ended December 31, 2023[5]. - The company's main business revenue and income were approximately RMB 919.4 million, a slight decrease of about 4.6% year-on-year[5]. - The total revenue for the year ended December 31, 2024, decreased by 4.6% to RMB 919.4 million from RMB 963.5 million in 2023, primarily due to the impact of the sale of Wuxi Guojin Commercial Factoring Co., Ltd. in February 2024[19]. - The net profit for the year increased by 36.9% to RMB 390.9 million, compared to RMB 285.5 million in 2023[18]. - Adjusted net profit increased by 17.7% year-on-year to RMB 343.3 million, compared to RMB 291.6 million in the previous year[30]. Revenue Breakdown - Platform technology service revenue was RMB 346.6 million, a substantial increase of approximately 103.6% compared to RMB 170.2 million for the year ended December 31, 2023[3]. - Digital financial solutions revenue fell by 27.8% year-on-year to RMB 521.9 million, mainly due to the sale of Wuxi Guojin and a shift towards a light asset operation strategy[22]. - The revenue from supply chain asset refinancing decreased by 27.8% year-on-year to RMB 50.9 million, down from RMB 70.5 million in the same period last year[23]. - Other income increased by 208.4% year-on-year to RMB 72.9 million, compared to RMB 23.6 million in the previous year, primarily due to gains from revaluation of previously held interests in associates and increased fair value gains on other financial assets[24]. Strategic Initiatives - The company has established strategic partnerships in the cross-border e-commerce sector, aiming to unlock nearly RMB 100 billion in business scale through collaboration with Sinbada[10]. - The company is actively expanding into new industries, including e-commerce and robotics, with a potential market size exceeding RMB 10 trillion and over 10 million potential customers[9]. - The company plans to enhance operational efficiency by at least 50% by 2025 through AI-driven data analysis and processing capabilities[16]. - The company has signed a strategic cooperation framework agreement with Wuxi Economic Development Zone to establish a digital ecosystem hub in East China[17]. Research and Development - Research and development investment exceeded RMB 250 million, with R&D personnel accounting for nearly 30% of the workforce[8]. - Continued investment in R&D focusing on data, models, and computing power to support the growth of small and medium-sized enterprises[73]. Shareholder Returns - The company proposed a dividend of RMB 0.347 per ordinary share, compared to HKD 0.269 per share for the year ended December 31, 2023[3]. - The board proposed a final dividend of RMB 0.347 per ordinary share for the year ended December 31, 2024, compared to HKD 0.269 per share for the year ended December 31, 2023[52]. Asset Management - The total amount of supply chain assets processed by the platform reached approximately RMB 249 billion, an increase of about 29.0% from RMB 193 billion as of December 31, 2023[3]. - The average daily balance of proprietary supply chain assets decreased by 27.2% to RMB 5,778.9 million, primarily due to the classification of Wuxi Guojin as held for sale[33]. - The total value of supply chain assets as of December 31, 2024, was secured by trade receivables, with RMB 217.1 million backed by commercial acceptance bills received from customers[34]. Financial Position - The group's total liabilities were RMB 15,883,238,000, with current liabilities at RMB 6,684,916,000[93]. - The group's leverage ratio as of December 31, 2024, was 1.58, improved from 1.91 as of December 31, 2023[51]. - The company’s total assets decreased to RMB 7,513,121 thousand in 2024 from RMB 9,617,336 thousand in 2023, a decline of about 21.8%[100]. Compliance and Governance - The company has maintained compliance with applicable regulations as confirmed by the board[80]. - The company has adhered to corporate governance codes since its listing on July 6, 2017, and continues to comply as of December 31, 2024[91]. Acquisitions and Investments - The company acquired 100% equity of Mingfeng Holdings Limited in July 2024, aiming to expand its supply chain financing and investment business[155]. - The total consideration for the acquisition of Mingfeng is RMB 789,796,000, which includes cash of RMB 300,000,000 and contingent consideration of RMB 489,796,000[156].
盛业(06069) - 2024 - 年度业绩