Financial Performance - For the fiscal year ending December 31, 2024, the revenue was RMB 1,946.4 million, representing an increase from RMB 1,238.5 million in 2023, which is a growth of approximately 57.3%[4] - The profit attributable to the owners of the parent company for the fiscal year was RMB 395.8 million, compared to RMB 118.9 million in 2023, marking a significant increase of about 233.5%[5] - The basic earnings per share for the fiscal year was RMB 1.38, up from RMB 0.45 in 2023, reflecting a growth of approximately 206.7%[5] - The company reported a total comprehensive income of RMB 417.8 million for the fiscal year, compared to RMB 121.6 million in 2023, which is an increase of approximately 243.5%[6] - The company's pre-tax profit for 2024 was RMB 406,512,000, a significant increase from RMB 122,668,000 in 2023, representing a growth of approximately 231%[25] - The net profit for the year increased by approximately 235.3% to RMB 401.0 million, reflecting strong operational performance despite rising costs[61] Revenue Breakdown - Revenue from customer contracts amounted to RMB 1,868,487 thousand in 2024, up from RMB 1,020,238 thousand in 2023, reflecting an increase of 83.5%[19] - Revenue from cross-border logistics services rose by 84.0% to RMB 1,833.6 million, with the average price per TEU increasing from RMB 4,000 to RMB 4,813[48][49] - Revenue from supply chain solutions for imported goods was RMB 34.9 million, representing an extension of the cross-border logistics services[37] - Revenue from ship leasing decreased to RMB 77,906 thousand in 2024 from RMB 218,233 thousand in 2023, indicating a decline of 64.3%[19] Costs and Expenses - The financial cost for ongoing operations in 2024 was RMB 8,938 thousand, which is an increase of 65.5% from RMB 5,388 thousand in 2023[20] - The pre-tax profit before deductions for 2024 was impacted by costs including service costs of RMB 1,642,025 thousand, up from RMB 938,616 thousand in 2023, representing a 74.8% increase[21] - Operating expenses, including sales and distribution, increased by approximately 31.6% to RMB 22.9 million, mainly due to higher salaries and benefits for the sales and marketing team[53] - The total tax expense for the year was RMB 5,550,000, an increase of 80% compared to RMB 3,081,000 in 2023[25] Assets and Liabilities - The total assets less current liabilities amounted to RMB 1,630.5 million, compared to RMB 1,166.8 million in 2023, showing an increase of about 39.7%[8] - The company's total equity reached RMB 1,551.6 million, up from RMB 1,164.4 million in 2023, reflecting an increase of approximately 33.2%[8] - The company's current assets increased by approximately 140.4% to RMB 1,006.7 million, indicating improved liquidity and financial health[63] - The group's borrowings as of December 31, 2024, totaled RMB 84.7 million, up from RMB 51.3 million a year earlier, reflecting an increase in interest-bearing bank and other loans[66] - The debt-to-equity ratio as of December 31, 2024, was 5.5%, up from 4.4% a year earlier, primarily due to an increase in interest-bearing borrowings during the year[76] Cash Flow and Liquidity - The net cash and bank balances increased significantly to RMB 779.6 million from RMB 207.9 million in 2023, representing a growth of approximately 274.5%[7] - The current ratio as of December 31, 2024, was 3.4 times, compared to 1.5 times on December 31, 2023, indicating improved liquidity[76] Dividends and Shareholder Returns - The company declared a special dividend of RMB 0.15 per share, totaling approximately RMB 43,000,000, and proposed a final dividend of HKD 0.44 per share for the year ending December 31, 2024[26] - A final dividend of HKD 0.44 per share is proposed, representing approximately 30% of the annual profit, totaling around HKD 125.96 million[86] Strategic Plans and Future Outlook - The company plans to optimize cross-border logistics operations and expand service coverage, particularly in the Americas, to meet growing customer demand[42] - The company plans to continue expanding its overseas warehouse operations, enhancing its logistics ecosystem to improve competitiveness in international markets[43] - The company expects steady revenue growth through the expansion of self-operated routes and deepening engineering logistics services by 2025[45] - The company plans to introduce new energy vessels and optimize its fleet's energy structure as part of its commitment to green shipping initiatives[43] Corporate Governance and Compliance - The company has adopted the corporate governance code as per the listing rules, ensuring high standards of corporate governance[90] - The audit committee, consisting of three independent non-executive directors, reviewed the annual performance for the year ending December 31, 2024[92] - The financial statements, including the consolidated income statement and consolidated financial position, have been agreed upon with the company's auditor, Ernst & Young[92] Employee and Operational Information - As of December 31, 2024, the company has 337 full-time employees, with employee costs recognized as RMB 661 million for the year[83] - The company has not purchased, sold, or redeemed any of its listed securities during the year[85] Miscellaneous - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year[79] - The group did not hold any significant investments during the year[80] - The group has no major future plans for significant investments or capital assets beyond those disclosed in the prospectus dated September 13, 2023[81] - There have been no significant events affecting the company since December 31, 2024[84] - The company will hold its annual general meeting on May 16, 2025, with a suspension of share transfer registration from May 13 to May 16, 2025[88]
乐舱物流(02490) - 2024 - 年度业绩