Action Education(605098)2025-04-14 10:55Dividend Distribution - The company plans to distribute a cash dividend of 10 CNY per 10 shares for the first half of 2024, totaling 118,078,600 CNY (including tax) [8] - For the third quarter of 2024, the company will distribute a cash dividend of 5 CNY per 10 shares, amounting to 59,625,550 CNY (including tax) [8] - The proposed cash dividend for the 2024 annual report period is 7.5 CNY per 10 shares, totaling 89,438,325 CNY (including tax), which represents 99.47% of the net profit attributable to shareholders [9] - The cumulative cash dividend over the last three accounting years amounts to 715,841,155 RMB, with an average annual net profit of 199,625,725.10 RMB, resulting in a cash dividend ratio of 358.59% [181] - The total cash dividend planned for 2024 is 267,142,475 RMB (including tax), which is 99.47% of the net profit attributable to shareholders [179] - The company has maintained a clear and defined cash dividend policy, ensuring compliance with the articles of association and shareholder resolutions [177] - The company has authorized the distribution of cash dividends at its annual shareholder meeting, with the latest meeting held on October 21, 2024 [175] Financial Performance - The company achieved a net profit of 268,572,695.24 CNY for the 2024 fiscal year [9] - The company's operating revenue for 2024 reached ¥783,434,345.21, representing a 16.54% increase compared to ¥672,241,095.67 in 2023 [35] - Net profit attributable to shareholders for 2024 was ¥268,572,695.24, up 22.39% from ¥219,445,895.05 in 2023 [35] - The basic earnings per share for 2024 increased to ¥2.27, a rise of 22.04% from ¥1.86 in 2023 [36] - The total assets of the company as of the end of 2024 were ¥2,232,013,797.24, reflecting a 6.46% growth from ¥2,096,479,278.79 in 2023 [35] - The weighted average return on equity for 2024 was 29.01%, an increase of 6.73 percentage points from 22.28% in 2023 [36] - The total profit reached 315.58 million yuan, reflecting a growth of 22.63% compared to the previous year [86] Strategic Initiatives - The company emphasizes a focus on "platform construction" and "high-quality development" as part of its strategic initiatives [14] - The company aims to redefine entrepreneurial education by addressing the deep needs of entrepreneurs and fostering a long-term vision [15] - The company highlights the importance of transitioning from "scale growth" to "value creation" in the current global economic landscape [21] - The company expresses confidence in its future direction and commitment to creating greater value for shareholders [22] - The company is committed to building a world-class practical business education platform to empower enterprises [22] Customer and Market Growth - The company developed over 1,200 new clients in 2024, with 295 of them being major clients, indicating significant growth in its customer base [49] - The net promoter score reached 76.9%, significantly exceeding the industry average, showcasing strong customer satisfaction [49] - The company has established a high-quality talent development system, contributing to a robust order volume in training and consulting services [37] - The company plans to continue expanding its training and consulting services to maintain revenue growth [37] Management Training and Consulting - The management training business includes a 3-day condensed EMBA program aimed at cultivating operational managers through 60 management tools and 80 operational methods [61] - The company emphasizes the importance of management training in enhancing employee skills and adapting to new productivity demands [57] - The management training content is continuously updated to include new knowledge and skills relevant to emerging productivity trends [58] - The company collaborates with world-class business schools to enhance its training offerings, ensuring high-quality educational experiences [68] - The management consulting services are tailored to client needs, covering areas such as performance management, marketing control, and brand strategy, with a relatively long consulting cycle [66] Governance and Compliance - The company has established a comprehensive governance structure with specialized committees to ensure effective decision-making and oversight [138] - The company held 8 board meetings, 8 supervisory board meetings, and 16 specialized committee meetings during the reporting period, ensuring effective governance and compliance with regulations [139] - The company has maintained compliance with information disclosure obligations, ensuring transparency and protecting minority investors' rights [139] - The company has not faced any significant differences in corporate governance compared to regulatory requirements, indicating strong adherence to governance standards [139] Environmental and Social Responsibility - The company published its first ESG report in 2024, receiving an A rating from Huazheng Index, highlighting its commitment to sustainable development [50] - The company invested 370,000 RMB in environmental protection during the reporting period [191] - The company actively promotes low-carbon practices and resource conservation in its daily operations [193] - The company does not engage in production activities and thus does not have significant pollutant emissions, aside from general waste [192] Risks and Challenges - The company recognizes risks from macroeconomic fluctuations that could impact demand for management training services, linking its performance to the overall economic environment [132] - The company faces competitive risks in the management training industry, necessitating increased investment in new product development and project construction to enhance competitiveness [133] - The company is focused on retaining key personnel to mitigate risks associated with employee turnover, implementing incentive schemes and improving the work environment [133]