Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of RMB 14,758,694, an increase of 8.5% compared to RMB 13,601,085 in 2023[6]. - Gross profit for the same period was RMB 3,745,978, with a gross margin of 25.4%, up from 24.7% in 2023, reflecting a 0.7 percentage point increase[6]. - Adjusted net profit (non-IFRS measure) reached RMB 624,138, representing a 29.7% increase from RMB 481,314 in 2023[6]. - The operating profit for 2024 was RMB 331.03 million, compared to RMB 161.52 million in 2023, indicating significant growth in profitability[39]. - The total profit for 2024 was RMB 482,038 thousand, a significant decrease from RMB 6,700,697 thousand in 2023, representing a decline of approximately 92.8%[127]. - The total comprehensive income for 2024 amounted to RMB 527,312 thousand, down from RMB 6,226,907 thousand in 2023, indicating a decrease of about 91.5%[127]. - Basic earnings per share for the year ended December 31, 2024, was RMB 0.6, compared to RMB 20.8 in 2023[126]. User Growth and Engagement - The number of transaction users increased to 24.1 million, a growth of 24.8% from 19.3 million in 2023[9]. - The total number of registered users reached 138.8 million, up 20.4% from 115.3 million in 2023[9]. - The average monthly active users of the app reached 12 million, a significant increase of 17.2% from the previous year[11]. - The number of electric vehicle transaction users on the platform reached 2.7 million, a year-on-year growth of 105%, accounting for over 11% of total transaction users[32]. Operational Efficiency - Operating expenses as a percentage of revenue decreased to 23.6%, down 0.7 percentage points from 2023[10]. - The fulfillment cost ratio decreased by 0.5 percentage points to 4.5% in 2024, reflecting improved operational efficiency[33]. - The order fulfillment rate for next-day delivery improved by over 5 percentage points to 79% in 2024, demonstrating enhanced logistics efficiency[33]. Service Expansion - The company operated 6,874 service centers, a 16.3% increase from 5,909 in 2023, with franchise centers growing by 16.7%[9]. - By the end of 2024, the total number of Tuhu service stations reached 6,874, with a net increase of 965 stations during the year, solidifying its position as the largest automotive service platform in the country[18]. - The number of Tuhu service stations in Guangdong province surpassed 1,000, making it the first province to achieve this milestone[18]. Marketing and Promotion - The total promotional expenses for the year reached RMB 1.04 billion, an increase of RMB 250 million compared to the same period last year, resulting in an average increase of RMB 14,000 per store[21]. - Sales and marketing expenses increased by 11.8% from RMB 1.7 billion in 2023 to RMB 1.9 billion in 2024, due to enhanced marketing activities[53]. Research and Development - R&D expenses grew by 10.4% from RMB 579.6 million in 2023 to RMB 639.8 million in 2024, driven by increased spending on cloud and computing capabilities for AI applications[51]. - Research and development to improve data analytics technology received a 20% allocation, totaling RMB 254.7 million, with RMB 227.7 million already utilized[168]. Financial Position - The company maintained a strong cash reserve of over RMB 75 billion as of the end of 2024, ensuring ample liquidity for future operations[10]. - Cash and cash equivalents decreased to RMB 1,375 billion as of December 31, 2024, from RMB 2,715 billion as of December 31, 2023[84]. - Total non-current assets increased to RMB 4.432 billion as of December 31, 2024, from RMB 3.493 billion as of December 31, 2023[84]. Corporate Governance - The company has complied with all applicable corporate governance code provisions up to the announcement date, except for the separation of the roles of Chairman and CEO[170]. - The audit committee reviewed the audited consolidated financial statements for the year ending December 31, 2024, and found no discrepancies in accounting treatment[176]. Future Outlook - The company emphasizes the importance of forward-looking statements, which are subject to risks and uncertainties[187]. - The company plans to publish its annual report for the year ending December 31, 2024, on its website and the stock exchange's website[182].
途虎-W(09690) - 2024 - 年度业绩