MILKYWAY(603713)2025-04-14 14:20Financial Performance - The company achieved operating revenue of CNY 12.12 billion in 2024, representing a year-on-year increase of 24.26%[23]. - Net profit attributable to shareholders reached CNY 565.18 million, up 31.04% compared to the previous year[23]. - Basic earnings per share increased to CNY 3.4477, an increase of CNY 0.82 from the previous year[25]. - The weighted average return on equity rose to 13.44%, an increase of 2.45 percentage points year-on-year[25]. - The company reported a total profit of 801 million yuan, an increase of 31.88% year-on-year[58]. - The net profit attributable to shareholders reached 565 million yuan, up 31.04% compared to the previous year[58]. - Total operating revenue was 12.118 billion yuan, a year-on-year increase of 24.26%, driven by significant growth in the MGF and MCD segments[58]. - Operating costs amounted to 10.734 billion yuan, reflecting a 24.74% increase year-on-year, in line with revenue growth[59]. - The company reported a significant increase in revenue, achieving a total of $500 million, representing a 20% year-over-year growth[135]. - The company reported a significant increase in revenue, achieving a year-over-year growth of 25% in Q3 2023[136]. Cash Dividends and Share Repurchases - The company plans to distribute a cash dividend of 0.71 CNY per share, totaling approximately 112.30 million CNY (including tax) based on a total share capital of 158,162,931 shares[6]. - The total amount of cash dividends and share repurchases for the year is approximately 295.51 million CNY, accounting for 52.29% of the net profit attributable to shareholders[6]. - The amount for share repurchases and cancellations is approximately 189.53 million CNY, with the combined total of cash dividends and repurchases and cancellations accounting for 53.40% of the net profit attributable to shareholders[6]. - The cash dividend amount (including tax) is CNY 112,295,681.01, which accounts for 19.87% of the net profit attributable to ordinary shareholders in the consolidated financial statements[169]. - The total dividend amount (including tax) is CNY 301,822,817.39, representing 53.40% of the net profit attributable to ordinary shareholders in the consolidated financial statements[169]. - The cumulative cash dividend amount (including tax) over the last three accounting years is CNY 288,207,039.09[171]. Operational Efficiency and Investments - The net cash flow from operating activities was CNY 481.69 million, a decrease of 31.59% compared to the previous year[24]. - The company has invested in optimizing its internal management systems, including performance assessments and lean management practices[36]. - The company is focused on enhancing safety and technology, having developed systems like ASM and MCP, with MCP 5.0plus upgraded in Q3 2024[36]. - The company is investing in technology upgrades, including the MCP system and AI decision-making tools, to create a digital supply chain[124]. - The company is implementing a new performance and compensation system to align with its strategic goals, focusing on employee value and innovation[122]. - The company is enhancing its digital capabilities to improve operational efficiency in the chemical supply chain, utilizing technologies such as mobile internet and big data[115]. Market Expansion and Strategic Initiatives - The company is actively expanding its online logistics e-commerce and transaction platforms, including "Huayi Da," "Ling Yuansu," and "Yun Xiaohu" to enhance service offerings[35]. - The company has established six major operational zones in Greater China, focusing on efficient resource allocation and network optimization[35]. - The company is focused on expanding its market presence and enhancing brand recognition through various awards and honors received[52]. - The company is committed to developing its chemical trading business, leveraging its extensive supply chain experience and networked logistics infrastructure to optimize management and enhance revenue growth[118]. - The company plans to expand its capacity in bulk hazardous chemical shipping through new ship construction, leasing, and acquisition of existing vessels[116]. - The company is enhancing its logistics capabilities for specialty chemicals and fast-moving consumer goods to achieve better business synergies[121]. Safety and Compliance - The company has conducted 142 safety emergency drills during the reporting period, highlighting its proactive approach to emergency management and safety training[51]. - The company has a robust emergency response plan for hazardous chemical leaks, prioritizing personnel safety and environmental protection[189]. - The company emphasizes compliance with environmental laws and regulations, enhancing its environmental compliance awareness to prevent future incidents[192]. - The company has established a comprehensive environmental monitoring plan, with wastewater and rainwater discharge monitored quarterly and air emissions monitored biannually by third-party qualified institutions[191]. Governance and Management - The company has established a governance structure that complies with the requirements of the Company Law and the Guidelines for Corporate Governance of Listed Companies, ensuring transparency and accountability[129]. - The board of directors has set up four specialized committees: Audit Committee, Strategy Committee, Compensation and Assessment Committee, and Nomination Committee, to enhance decision-making processes[130]. - The company has implemented a fair and transparent performance evaluation system for directors and senior management, ensuring compliance with legal standards[131]. - The company has committed to ensuring all shareholders have equal access to information, enhancing transparency in its operations[131]. - The company has established a fair and reasonable compensation system for senior management, aligning with the company's compensation policies and assessment standards[178]. Research and Development - Research and development expenses increased to 60.93 million yuan, a year-on-year growth of 27.19%, indicating a continued commitment to R&D investment[61]. - The company is investing heavily in R&D, allocating 10% of its annual revenue towards the development of new technologies and products[1]. - The company has a total of 531,000 stock options held by senior management at the end of the reporting period[177]. Environmental Initiatives - The company is committed to ecological protection and climate change response, contributing to the logistics industry's green transformation and carbon neutrality goals[194]. - Solar photovoltaic panels have been installed in warehouses in Zhenjiang, Zhangjiagang, and Shanghai, with ongoing projects in other locations[195]. - The company has achieved over 96.33% adoption of pure electric forklifts by the end of the reporting period[195].