Financial Performance - Revenue from continuing operations increased from RMB 12,387.4 million for the year ended December 31, 2023, to RMB 15,746.1 million for the year ended December 31, 2024, representing a growth of 27.1%[5] - Gross profit for the year ended December 31, 2024, was RMB 1,071.5 million with a gross margin of 6.8%, compared to a gross profit of RMB 794.7 million and a gross margin of 6.4% for the year ended December 31, 2023[5] - Net profit attributable to the owners of the company for the year ended December 31, 2024, was RMB 132.5 million, reflecting a net profit margin of 0.8%, a significant increase from RMB 50.6 million and a net profit margin of 0.4% for the previous year, marking a year-on-year growth of 161.8%[5] - Cash generated from operating activities for the year ended December 31, 2024, was RMB 271.9 million, slightly up from RMB 266.3 million for the year ended December 31, 2023, indicating sustained positive cash flow[5] - The company reported a total comprehensive income of RMB 110.3 million for the year ended December 31, 2024, compared to RMB 49.3 million for the previous year[7] - The profit from continuing operations before income tax for the year ended December 31, 2024, was RMB 144,963,000, a significant increase from RMB 62,589,000 in 2023, representing a growth of 131.3%[29] - The net profit from continuing operations for 2024 was RMB 132,460 thousand, compared to RMB 64,857 thousand in 2023, showcasing strong financial performance[72] Earnings Per Share - Basic and diluted earnings per share attributable to the owners of the company for the year ended December 31, 2024, were both RMB 0.15, compared to RMB 0.07 for the year ended December 31, 2023[7] - The basic earnings per share attributable to the company's owners for the year ended December 31, 2024, was RMB 0.15, up from RMB 0.05 in 2023, reflecting a 200% increase[31] - The diluted earnings per share attributable to the company's owners for the year ended December 31, 2024, was RMB 0.15, compared to RMB 0.05 in 2023, marking a 200% increase[33] Revenue Breakdown - Revenue from the same-city instant delivery services for the year ended December 31, 2024, was RMB 15,746,083, an increase of 27.5% compared to RMB 12,387,416 in 2023[19] - Same-city delivery service revenue grew by 23.5% from RMB 7,387.3 million in 2023 to RMB 9,121.2 million in 2024[45] - Last-mile delivery service revenue rose by 32.5% from RMB 5,000.2 million in 2023 to RMB 6,624.9 million in 2024[45] - Revenue from merchant-facing same-city delivery services rose by 28.1% to RMB 6,688.3 million[48] - Revenue from consumer-facing same-city delivery services reached RMB 2,432.9 million, a year-on-year increase of 12.2%, driven by an expanding active consumer base and strong repeat purchases[58] - Revenue from tea beverage delivery increased by 73% year-on-year, with significant growth in other categories as well[53] Cost and Expenses - The company’s total costs for continuing operations were RMB 15,653,556 in 2024, compared to RMB 12,414,425 in 2023, indicating a significant increase[24] - Operating costs increased by 26.6% to RMB 14,674.6 million in 2024, compared to RMB 11,592.7 million in 2023, primarily due to increased delivery costs from higher order volumes[78] - Total labor outsourcing costs for 2024 were RMB 14,564,682, an increase of 27.0% from RMB 11,497,026 in 2023[24] - Employee benefit expenses rose to RMB 662,436 in 2024, compared to RMB 512,301 in 2023, reflecting a growth of 29.3%[24] - Administrative expenses rose by 23.1% to RMB 636.6 million in 2024, compared to RMB 517.3 million in 2023, largely due to increased employee benefits[82] Assets and Liabilities - Total assets increased to RMB 4,669.7 million as of December 31, 2024, from RMB 4,199.7 million as of December 31, 2023[9] - Total liabilities increased to RMB 1,709.2 million as of December 31, 2024, from RMB 1,218.6 million as of December 31, 2023[9] - Trade receivables rose to RMB 1,660.4 million as of December 31, 2024, compared to RMB 1,195.2 million as of December 31, 2023, indicating improved collection efficiency[8] - The total amount of trade payables as of December 31, 2024, was RMB 1,029,639,000, up from RMB 703,044,000 in 2023, representing a growth of 46.3%[37] Dividends - The board of directors proposed not to declare a final dividend for the year ended December 31, 2024, consistent with the previous year[5] - The company did not declare or pay any dividends for the fiscal years ended December 31, 2024, and 2023[42] Operational Highlights - Active merchants on the platform grew by 39% year-on-year, reaching 650,000[52] - The number of active riders on the platform reached approximately 1 million, with a 29% year-on-year increase in mid-to-high income riders and a 40% increase in riders earning over RMB 10,000 per month[63] - The average delivery time for orders within 3 kilometers is 22 minutes, with a service quality achievement rate of approximately 95% for 2024[56] - The company hosted over 10,000 offline care events for riders during the reporting period, enhancing rider welfare and engagement[64] - The safety incident rate decreased by 17% compared to the previous year, reflecting improved safety measures for riders[65] Research and Development - R&D expenses increased to RMB 108,110 thousand in 2024 from RMB 91,717 thousand in 2023, indicating a commitment to innovation[72] - Research and development expenses increased by 17.9% to RMB 108.1 million in 2024, up from RMB 91.7 million in 2023, indicating a focus on innovation[81] Future Plans and Investments - The company aims for "high-quality healthy growth" in 2024, focusing on diversifying services and enhancing digital operations to capture new business opportunities[70] - The company has no significant plans for major investments or capital assets as of December 31, 2024[111] - The unutilized funds are expected to be allocated for expanding the company's service coverage and potential acquisitions, with a deadline extended to the end of 2026[117] Corporate Governance - The audit committee has reviewed the annual performance and consolidated financial statements for the year ending December 31, 2024[124] - The company plans to hold its annual general meeting on June 20, 2025[126] - The board expresses gratitude to all customers, suppliers, riders, partners, and shareholders for their understanding, support, and trust[129] - The board of directors includes executive directors Sun Haijin, Chen Xiwen, and Chen Lin, along with non-executive and independent non-executive directors[131]
顺丰同城(09699) - 2024 - 年度业绩