XHCG(SH:600785)2025-03-20 12:20Financial Performance - The company achieved a net profit attributable to shareholders of RMB 134,920,662.01, a decrease of 0.87% compared to the previous year[7]. - Total operating revenue for 2024 was RMB 6,116,320,110.76, reflecting a year-on-year increase of 0.84%[23]. - The net profit after deducting non-recurring gains and losses was RMB 103,025,139.27, a decrease of 12.81% from the previous year[23]. - Basic earnings per share remained stable at RMB 0.60, with diluted earnings per share also at RMB 0.60[24]. - The weighted average return on equity decreased by 0.39 percentage points to 6.12%[24]. - The company reported a total revenue of CNY 611,632.01 million in 2024, with the main business revenue accounting for 86.49% of total revenue[44]. - The total revenue for the year 2024 reached 151.74 million, reflecting a growth of 633.30% compared to the previous year[101]. - The company reported a significant increase in user data, with a total of 3,605 active users, marking a 35.44% increase year-over-year[101]. Cash Flow and Assets - The net cash flow from operating activities decreased by 8.78% to RMB 846,614,407.72 compared to the previous year[23]. - The company's total assets at the end of 2024 were RMB 8,329,561,283.27, down 5.27% from the previous year[23]. - The company reported a net cash flow from operating activities of CNY 846,614,407.72, a decrease of 8.78% compared to the previous year[55]. - The company’s long-term borrowings decreased by 65.60% to CNY 90,442,768.01, attributed to repayments of bank loans[66]. - The company’s cash balance decreased from CNY 446,873,854.77 in the previous year to CNY 428,475,746.75, representing a decrease of approximately 4.9%[194]. - Total assets decreased from CNY 8,793,159,444.02 in 2023 to CNY 8,329,561,283.27 in 2024, a decline of approximately 5.3%[198]. Store Operations and Expansion - The supermarket segment opened 19 new stores, including one hypermarket and 18 convenience stores[35]. - The company opened 21 new stores during the reporting period, while 25 stores were closed, indicating a net decrease in store count[50]. - The company established a key expansion direction by focusing on the pre-installed market and specialty store construction, acquiring 87 new customers and expanding 50 franchise stores, contributing nearly 40 million yuan in sales[37]. - The company aims to open approximately 5 new stores, including hypermarkets, supermarkets, and convenience stores, in 2025[88]. - The company plans to open around 20 new stores in the electrical appliance sector by 2025, focusing on market penetration in lower-tier cities[88]. Membership and Customer Engagement - Membership increased to 5.68 million, with a year-on-year growth of 10.16%, and membership sales accounted for 5.33% of total sales[34]. - The company reported 2.55 million active members for the year, with member sales accounting for 77.60%, an increase of 3.69 percentage points year-on-year[38]. - As of the end of 2024, the company has approximately 8.28 million total members, with 2.55 million active members, and member sales accounted for nearly 77.60% of total sales[78]. Logistics and Supply Chain - The logistics sector generated a total delivery amount of 3.5 billion yuan, with delivery fee income of 120 million yuan[37]. - The company is expanding its logistics service capabilities through the establishment of the Yinchuan Trade Logistics Hub project, serving a population of 20 million[37]. - The company has expanded its logistics capabilities by collaborating with major logistics firms like JD.com and SF Express, enhancing its warehousing and distribution services[75]. - The company aims to transform its logistics operations, targeting a 30% share of external business and achieving a delivery volume of CNY 3.5 billion with delivery fee income of CNY 120 million[75]. Digital Transformation and Innovation - The company continues to enhance its digital transformation and member integration across all business segments[47]. - The company is focusing on digital transformation, implementing a "full-channel inventory sharing" supply chain management model to enhance operational efficiency[76]. - The company is committed to digital transformation and aims to create an integrated membership system to support various business units[88]. - The company plans to implement new technology solutions to streamline operations, with an estimated investment of 5 million in digital transformation[102]. Corporate Governance and Compliance - The company adheres to the principles of fairness, justice, and transparency in information disclosure, ensuring that all shareholders, especially minority shareholders, have equal access to information[96]. - The company has established a comprehensive management system for insider information to ensure compliance with legal requirements[96]. - The company has not reported any significant defects in internal control during the reporting period[136]. - The company has implemented strict insider information management procedures to prevent insider trading and ensure fair information disclosure[96]. Employee Management and Compensation - The company employed a total of 8,329 staff, with 6,229 in sales, 37 in technical roles, 97 in finance, and 1,966 in administration[123][124]. - The company plans to establish a performance assessment system for executive compensation, with a fluctuation range of no more than 30% based on the previous year's salary[120]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 6.333 million yuan[108]. Environmental and Social Responsibility - The company invested CNY 5.15 million in environmental protection during the reporting period[138]. - The company has actively supported green initiatives, including the use of eco-friendly shopping bags and energy-saving lighting[140]. - The company has engaged in various poverty alleviation and rural revitalization projects, with a total investment of CNY 0.091 million benefiting 900 individuals[143]. Future Outlook and Strategic Planning - Future outlook indicates a focus on market expansion, with plans to open 10 new stores in the next fiscal year[102]. - The management has set a performance guidance for 2025, targeting a revenue growth of 20% based on current market trends[102]. - The company is actively pursuing new product development and market expansion strategies to enhance its competitive position in the retail sector[76].