Financial Performance - Revenue increased by 39.8% to RMB 1,690,081 thousand compared to the previous year[4] - Gross profit rose by 27.3% to RMB 250,995 thousand[4] - Adjusted net profit increased by 23.9% to RMB 113,903 thousand, excluding listing expenses and share-based payment impacts[4] - Basic earnings per share were RMB 0.12, while diluted earnings per share were RMB 0.11[4] - The company reported a net profit of RMB 47,068 thousand, down 32.2% from RMB 69,403 thousand in the previous year[4] - Total revenue for 2024 reached RMB 1,690,081,000, a significant increase of 40% compared to RMB 1,209,304,000 in 2023[19] - The company reported a pre-tax profit of RMB 18,070,000 for 2024, compared to RMB 6,111,000 in 2023, marking an increase of 195.5%[21] - The company's profit attributable to equity holders for 2024 was RMB 47,068,000, down 32.3% from RMB 69,403,000 in 2023[35] Dividends and Shareholder Returns - The board declared a final dividend of HKD 0.035 per share for the year ended December 31, 2024[4] - The interim dividend declared for the year was HKD 0.035 per share, totaling HKD 15,400,000 (approximately RMB 14,075,000), compared to RMB 23,000,000 in 2023[33] Assets and Liabilities - Total assets less current liabilities amounted to RMB 1,281,452 thousand, a significant increase from RMB 422,613 thousand in the previous year[8] - Non-current assets totaled RMB 1,053,100 thousand, up from RMB 256,221 thousand[7] - Cash and bank deposits increased to RMB 310,045 thousand from RMB 221,427 thousand[7] - The total debt of the group was RMB 879,986 thousand, with a debt-to-equity ratio of 65.0% as of December 31, 2024[89] - The company has total borrowings of RMB 118,938,000 as of December 31, 2024, compared to RMB 52,324,000 in 2023, indicating a significant increase[58] Taxation - The total tax expense for the year ended December 31, 2024, amounted to RMB 18,958,000, an increase of 72.5% from RMB 11,021,000 in 2023[30] - The effective tax rate for the group in 2024 was 28.7%, compared to 13.7% in 2023, reflecting a significant increase in tax liabilities across various jurisdictions[32] - The total income tax expense across all jurisdictions for 2024 was RMB 21,368,000, up from RMB 11,591,000 in 2023, reflecting growth in taxable profits[30] Operational Expenses - Research and development expenses were RMB 32,265 thousand, slightly down from RMB 33,327 thousand[5] - The total employee benefits expense for 2024 was RMB 261,735,000, an increase of 51.8% from RMB 172,312,000 in 2023[23] - Interest expenses on borrowings increased to RMB 2,491,000 in 2024 from RMB 1,632,000 in 2023, representing a rise of 52.7%[22] Revenue Streams - Revenue from the United States surged to RMB 1,162,160,000 in 2024, up 52.4% from RMB 762,530,000 in 2023[16] - The revenue from last-mile fulfillment services reached RMB 1,470,221,000 in 2024, a substantial increase from RMB 949,799,000 in 2023, reflecting a growth of 55%[19] - The company has established strategic partnerships with over 60 third-party logistics providers and operates in more than 40 cities globally[63][65] Strategic Initiatives - The company plans to expand its overseas warehouse network and global logistics network to increase market share and business scale[76] - The group plans to capitalize on industry trends through technological innovation and refined operations to improve fulfillment capabilities in overseas warehouses[74] - The company aims to embrace AI technology and explore its applications in cross-border e-commerce to enhance operational efficiency and reduce costs[76] Market Outlook - In 2024, China's GDP is projected to grow by 5.0% year-on-year, with total import and export volume reaching RMB 43.85 trillion, also reflecting a 5.0% increase[72] - Cross-border e-commerce imports and exports in China are expected to reach RMB 2.63 trillion in 2024, marking a 10.8% year-on-year growth and accounting for 6% of total trade[73] Corporate Governance - The audit committee has reviewed the accounting policies and annual performance for the year ending December 31, 2024[104] - The board of directors consists of three executive directors and four independent non-executive directors[117] - The company is registered in the Cayman Islands and was established on September 17, 2020[119] Future Plans - The company plans to invest up to RMB 100 million, representing no more than 50% of a proposed fund with a total size of RMB 200 million, focusing on cross-border e-commerce innovation[102] - The company has approved a share incentive plan effective for 10 years to reward and retain qualified participants contributing to the group's growth[101]
EDA集团控股(02505) - 2024 - 年度业绩