Financial Performance - The Group's consolidated results summary for the five accounting years ended December 31, 2024, is prepared in accordance with International Financial Reporting Standards[16] - The Group's financial summary is detailed in the report, indicating the overall performance and financial health of the Company[15] - The Group's operating income for the year ended December 31, 2024, was approximately RMB3,710,357,000, representing an increase of approximately 1.66% compared to RMB3,649,930,000 in 2023[22] - Profit attributable to equity holders of the Company decreased to approximately RMB5,898,000 in 2024 from RMB29,778,000 in 2023, indicating a decline of approximately 80.2%[22] - Total comprehensive income attributable to equity holders of the Company was approximately RMB4,905,000 in 2024, down from RMB23,794,000 in 2023[22] - Basic earnings per share were approximately RMB0.02 in 2024, compared to RMB0.08 in 2023, reflecting a decrease of 75%[22] - As of December 31, 2024, total assets were approximately RMB1,792,941,000, a decrease of RMB27,847,000 from RMB1,820,788,000 in 2023[23] - Current assets increased to approximately RMB893,878,000 in 2024, up by RMB68,915,000 from RMB824,963,000 in 2023[23] - Non-current liabilities decreased to RMB59,682,000 in 2024 from RMB109,307,000 in 2023, a reduction of approximately 45.5%[20] - For the year ended 31 December 2024, total profit decreased by RMB25,294,000 or 83.31% to RMB5,068,000 compared to RMB30,362,000 in the previous year[85] - Profit attributable to equity holders decreased by RMB23,901,000 or 80.19% to RMB5,898,000 from RMB29,778,000 in the previous year[85] - Total comprehensive income attributable to equity holders was RMB4,905,000, down by RMB18,889,000 or 79.39% compared to RMB23,794,000 in the previous year[85] Operational Insights - The Group's management discussion and analysis section provides insights into operational strategies and market conditions[15] - The logistics industry faced significant challenges due to structural overcapacity and declining demand, impacting the Group's performance in automotive and electronic component logistics sectors[28] - The warehousing and multimodal transport segment maintained robust operational volumes, particularly in railway commodity vehicles, enhancing operating performance[30] - The Group implemented strategic measures to navigate market challenges, focusing on cost control and expanding new business opportunities[30] - The supply chain and logistics services for finished automobiles and components accounted for 30.4% of the operating income, with an operating income of approximately RMB1,126,897,000, representing a decrease of 7.79% compared to the previous year[51][53] - The material procurement services segment accounted for 68.2% of the operating income, indicating a strong reliance on this area for revenue generation[51] - The Group's operating results for supply chain and logistics services for finished automobiles and components decreased by 96.65% to approximately RMB618,000 due to intensified market competition and reduced production by customers[53] - Management expenses have been continuously reduced, with a commitment to achieving annual cost reduction targets through strict budget planning and process management[35] - The Group is focusing on enhancing the profitability of existing businesses and improving operational efficiency in the logistics sector[41] - The establishment of a warehousing and multimodal transportation center aims to optimize resource allocation and enhance business expansion efforts[35] - The Group plans to leverage external professional teams to identify new business growth opportunities and adapt to evolving market conditions[34][37] - The supply chain and logistics services for electronic components are operated through a joint venture, contributing to investment income[52] Governance and Compliance - The Directors confirm that the information contained in the report is accurate and complete in all material respects[4] - The Company is committed to transparency and compliance with the GEM Listing Rules[4] - The Group adheres to the "Environmental, Social and Governance Reporting Guide" to ensure alignment with sustainability performance and stakeholder expectations[125] - The Board is responsible for overseeing the Group's sustainability strategy and holds annual meetings to review ESG-related risks and opportunities[133] - The Group emphasizes transparency and balance in its reporting, highlighting both achievements and areas for improvement in sustainability performance for 2024[127] - The Group's governance structure integrates ESG management into business operations and decision-making processes[135] - The Group is committed to fulfilling tax obligations and complying with local laws and regulations as part of its governance strategy[159] Environmental Initiatives - The Group has committed to responding to environmental protection initiatives, including carbon neutrality goals set by the Chinese government[124] - The Group aims to control energy consumption per thousand square meters and reduce dependence on resource consumption, recognizing energy use as a significant environmental impact[143] - The Group is committed to improving energy efficiency by increasing the proportion of new energy operational vehicles and exploring renewable fuels to reduce carbon emissions[150] - The Group's GHG emissions per thousand square meters are targeted to be maintained or reduced from a baseline of 14.3 tons CO2 equivalent[187] - The total energy consumption per thousand square meters is set to be maintained or reduced from a baseline of 36.6 MWh[187] - The Group has established environmental targets to be achieved by December 31, 2027, based on 2022 as the baseline year[186] - The Group has complied with all applicable environmental protection laws and regulations in 2024, with no significant violations reported[188] - The Group's air emissions for sulfur oxides are at a baseline of 0.03 kg per thousand square meters, with a goal to maintain or reduce this level[187] - The Group's non-hazardous waste discharge is targeted to be maintained or reduced from a baseline of 0.5 tons per thousand square meters[187] - The Group's non-hazardous wastewater is estimated at 84.5 m³ per thousand square meters, with performance to be monitored based on water consumption[187] - The Group actively seeks stakeholder feedback on its ESG approach and performance[178] - The Group's environmental initiatives focus on reducing air and greenhouse gas emissions, waste treatment, and resource consumption[168] Employee and Stakeholder Engagement - The Group had a total of 971 employees, down from 1,079 employees in the previous year[109] - The Group emphasizes the importance of stakeholder engagement for long-term success, conducting regular dialogues to understand expectations and advance sustainable development[157] - The Group identified four key ESG issues of significance: safety of goods, occupational health and safety, employee remuneration and benefits, and resources consumption[168] - The Group aligns its business and sustainability priorities with the United Nations Sustainable Development Goals (SDGs), identifying SDGs 3, 9, and 13 as most relevant to its sustainability agenda[170] - The Group's communication channels with stakeholders include regular reports, meetings, and satisfaction surveys to address their expectations and concerns[159] - The Group aims to enhance production and service quality while protecting customer privacy and rights through various communication methods[161] - The Group's strategies include fair procurement practices and fostering long-term relationships with suppliers[161] Waste Management and Emissions - The Group's total GHG emissions decreased by about 54% compared to 2023, primarily due to reduced diesel and gasoline consumption[193] - Air emissions of NOX decreased from 17,179.1 kg in 2023 to 11,689.3 kg in 2024, while PM emissions dropped from 1,237.2 kg to 849.4 kg[190] - The total GHG emissions for Scope 1 (direct emissions) were 1,924.8 tCO2e in 2024, down from 3,393.7 tCO2e in 2023[190] - Wastewater discharge decreased by approximately 44% compared to 2023, with a total of 15,870.8 m³ in 2024[198] - The Group's non-hazardous general household waste was 455.1 tonnes in 2024, down from 648.5 tonnes in 2023[190] - The Group's solid waste mainly consisted of general household waste and a small amount of hazardous solid waste from daily operations[200] - The Group's hazardous waste was properly handled according to internal procedures and qualified third parties were assigned for collection and disposal[200] - The Group embraces the "3R Principle – Reduce, Reuse and Recycle" in its operations[200] - The non-hazardous waste generated was collected and disposed of by a professional third party after classification[200] - The Group has installed professional containers for grease separation to manage wastewater and prevent contamination[199] - The intensity of GHG emissions for Scope 2 (energy indirect emissions) was 1,912.0 tCO2e in 2024, significantly lower than 5,128.4 tCO2e in 2023[190] - The Group has encouraged employees to reduce unnecessary business air travel, promoting online communication to lower GHG emissions[194]
滨海泰达物流(08348) - 2024 - 年度财报