Financial Performance - For the fiscal year 2024, the company achieved a revenue of RMB 1.9464 billion and a net profit attributable to shareholders of RMB 395.8 million, with basic earnings per share of RMB 1.38[13]. - The company's total revenue increased by approximately 57.2% from RMB 1,238.5 million in 2023 to RMB 1,946.4 million in 2024[38]. - Revenue from cross-border logistics services rose by 84.0% to RMB 1,833.6 million, driven by an increase in service volume from 233,903 TEUs to 331,043 TEUs[37][38]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion, representing a 15% year-over-year growth[84]. - Profit before tax increased by approximately 231.3% from RMB 122.7 million to RMB 406.5 million[48]. - Net profit for the year rose by approximately 235.3% from RMB 119.6 million to RMB 401.0 million[51]. Operational Efficiency - The company completed a total container transportation volume of 331,043 TEUs, reinforcing its leading position in the cross-border logistics industry[13]. - The company launched self-operated routes to South America and Africa, enhancing its global service network coverage and operational efficiency[14]. - The company is committed to digital management investments, developing smart logistics solutions to improve supply chain transparency and operational efficiency[15]. - The company plans to optimize its fleet's energy structure by gradually introducing new energy vessels and implementing refined operational management[18]. - The average price per TEU for cross-border logistics services increased from RMB 4,000 to RMB 4,813 due to rising market rates and an increase in self-operated services[38]. Strategic Initiatives - The company aims to deepen its global layout by expanding self-operated routes in the Americas and building overseas warehouses to enhance service efficiency[17]. - The company intends to strategically invest in mergers and acquisitions to integrate quality resources and establish strategic partnerships with leading enterprises[19]. - The company aims to create a more competitive industrial ecosystem through strategic cooperation and digital supply chain service system improvements[19]. - The company expects steady revenue growth in 2025 through the expansion of self-operated routes and development of engineering logistics and overseas warehouse businesses[34]. Cost Management - The sales cost increased by approximately 71.6% to RMB 1,736.3 million, primarily due to rising costs associated with cross-border logistics services[39]. - Gross profit decreased by approximately 7.3% from RMB 226.6 million to RMB 210.1 million, with gross margin dropping from 18.3% to 10.8% due to a decline in average daily charter rates from RMB 136,000 to RMB 77,000[40]. - Selling and distribution expenses increased by approximately 31.6% from RMB 17.4 million to RMB 22.9 million, mainly due to higher salaries and benefits for the sales and marketing team[42]. - Administrative expenses rose by approximately 18.2% from RMB 83.1 million to RMB 98.2 million, attributed to increased salaries, depreciation, and office expenses[43]. Governance and Compliance - The board is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[103]. - The company has complied with the corporate governance code throughout the year, with the exception of the Chairman and CEO roles being held by the same individual[103]. - The board has established written guidelines to regulate securities trading by directors and employees, ensuring compliance with insider trading regulations[108]. - The company has confirmed that all directors have adhered to the standards of conduct regarding securities trading during the year[108]. - The board believes that having the same individual serve as both Chairman and CEO enhances the company's ability to respond quickly and effectively to business strategies[103]. ESG and Sustainability - The company reported a focus on ESG principles, actively reducing carbon emissions and enhancing waste management and marine protection measures[16]. - The management team emphasized the importance of sustainability initiatives, aiming to reduce carbon emissions by 30% over the next five years[84]. - The board of directors is responsible for overseeing the implementation of ESG strategies and performance, regularly discussing ESG risks and opportunities[164]. - The company has established a three-tier ESG governance structure involving the board, management, and execution units to ensure effective management of ESG-related tasks[164]. - Climate-related risks are incorporated into the overall ESG management framework to ensure effective risk control[197]. Human Resources - The employee costs related to the company's staff amounted to RMB 66.1 million for the year ended December 31, 2024[73]. - As of December 31, 2024, the employee gender ratio is 44.5% male (150 employees) and 55.5% female (187 employees)[151]. - The company aims to enhance gender diversity by training qualified female employees to prepare them for future Board positions[134]. Risk Management - The internal audit and risk management functions conducted an independent assessment of the adequacy and effectiveness of the risk management and internal control systems, finding no significant inconsistencies[146]. - The company updated its risk management system, adding new management protocols for significant matters and contract discussions to better control operational risks[187]. - The company has implemented a framework for disclosing inside information, ensuring timely and appropriate handling of such information[147].
乐舱物流(02490) - 2024 - 年度财报