NBOSCO(SH:601022)2025-03-25 10:25Financial Performance - The total distributable profit as of December 31, 2024, is RMB 1,061,549,763.81, with a proposed cash dividend of RMB 1.27 per 10 shares, totaling RMB 166,196,433.42, which represents 30.01% of the net profit attributable to shareholders for the year 2024[7]. - In 2024, the company's operating revenue reached ¥5,271,538,477.37, an increase of 17.95% compared to ¥4,469,132,016.58 in 2023[24]. - The net profit attributable to shareholders was ¥553,739,227.61, reflecting a 9.86% increase from ¥504,034,465.02 in the previous year[24]. - The basic earnings per share rose to ¥0.42, a 7.69% increase from ¥0.39 in 2023[25]. - The weighted average return on equity increased to 9.90%, up by 0.32 percentage points from 9.58% in the previous year[25]. - The net assets attributable to shareholders increased to ¥5,787,218,367.70, a growth of 6.61% from ¥5,428,303,063.72 in 2023[24]. - The company achieved operating revenue of CNY 5,271,538,477.37, representing a year-on-year increase of 17.95%[60]. - The net profit attributable to shareholders was CNY 55,373,920, reflecting a growth of 9.86% compared to the previous year[60]. - Total revenue for the company reached approximately CNY 5.18 billion, with a gross margin of 14.43%, reflecting a year-over-year increase of 2.07 percentage points[65]. - The company reported a total revenue of 784.05 million for the year 2024[123]. - The company achieved a net profit of 150 million RMB, up 20% compared to the previous year, indicating strong operational efficiency[124]. - The company aims to achieve a revenue growth target of 10% for the upcoming fiscal year[123]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[128]. Operational Highlights - The company achieved a container transportation volume of 5.13 million TEU in 2024, a year-on-year growth of 14.5%[33]. - The bulk cargo business volume reached 25.884 million tons, marking a 6.1% increase compared to the previous year[33]. - The company operates a fleet of 100 vessels, ranking 23rd globally in container shipping capacity and among the top three in mainland China[36]. - The company operates a fleet of 90 container ships, covering 40 routes and providing services to 49 major ports domestically and internationally[50]. - The company has expanded its dry bulk shipping business with 10 owned vessels, achieving a total capacity of 265,700 deadweight tons[50]. - The company has established a comprehensive shipping network connecting coastal and inland routes, enhancing service capabilities[54]. - The company has initiated a point-to-point direct shipping route from Ningbo to Dubai, enhancing international shipping capabilities[54]. - The company has expanded its shipping routes, opening new lines to Hiroshima, Manila, Dubai, and Busan, enhancing its regional logistics capabilities[33]. Risk Management and Compliance - The company has no significant risks such as stock delisting or bankruptcy during the reporting period[9]. - The company emphasizes risk management by enhancing safety management systems and integrating financial risk control measures[96]. - The company recognizes macroeconomic fluctuations as a risk factor that could impact shipping demand and operational performance[98]. - The company faces competitive risks due to increasing service homogeneity and concentration in the shipping industry[99]. - The company has established a governance framework to ensure compliance with regulations and protect shareholder interests[104]. - The company maintains independence from its controlling shareholder, ensuring separate operations and risk management[106]. Sustainability and ESG Initiatives - The company is committed to green and low-carbon development, integrating sustainable practices into fleet planning and operations[57]. - The company has invested CNY 759.49 million in environmental protection during the reporting period[177]. - The company has implemented a comprehensive energy management system, including monitoring of fuel usage and waste oil recovery[185]. - The company has equipped 72% of its vessels with shore power systems to enhance energy efficiency[181]. - The company has introduced three new intelligent and green vessels, increasing the proportion of green vessels in its fleet to 48.9%[187]. - The company has established a carbon peak and carbon neutrality working group to oversee its sustainability initiatives[187]. - The company has been recognized as the first AAA-rated shipping enterprise in Zhejiang Province, reflecting its commitment to ESG governance and sustainable development[194]. Management and Governance - The company held 10 board meetings during the reporting period, with all directors fulfilling their duties diligently and professionally[107]. - The company has undergone several management changes, including the appointment of new supervisors and deputy general managers, indicating a potential shift in strategic direction[130]. - The total remuneration for the chairman and general manager was approximately 173.16 million yuan for the reporting period[122]. - The company’s senior management remuneration scheme is proposed by the remuneration and assessment committee and approved by the board of directors[133]. - The company has confirmed the execution of daily related transactions and is preparing for future projections[121]. - The company has appointed new executives, including a CFO and several vice presidents, to strengthen its management team[134]. Future Outlook and Strategic Initiatives - The company aims to achieve a container transportation volume of 5.65 million TEU and bulk cargo volume of 26.2 million tons by 2025[93]. - The focus will be on enhancing international business through route optimization and expanding service capabilities, particularly in Northeast and Southeast Asia[93]. - The company plans to strengthen its domestic network centered around Ningbo-Zhoushan Port, expanding coastal and Yangtze River service areas[93]. - The company plans to invest in new technologies to improve shipping logistics and reduce operational costs[123]. - The company is exploring potential acquisitions in the logistics sector to enhance its service capabilities and geographic reach[124]. - The company is actively involved in multiple subsidiaries and partnerships, enhancing its market position and operational capabilities[131]. Employee and Training Initiatives - The total number of employees in the parent company and major subsidiaries is 844, with 91 in management, 123 in administration, 31 in technical roles, and 599 in business positions[158]. - The company conducted a training program covering all employees, totaling 24,555 hours of training[160]. - The total hours of outsourced labor amounted to 2,575,483 hours, with total payments of approximately 24.13 million RMB[161]. Dividend Policy - The company plans to distribute a cash dividend of 1.27 RMB per 10 shares for the 2024 fiscal year, totaling approximately 166.20 million RMB, which represents 30.01% of the net profit attributable to shareholders[164]. - In 2023, the company distributed a cash dividend of 1.16 RMB per 10 shares, amounting to 151.80 million RMB, accounting for 30.12% of the net profit attributable to shareholders[163]. - The cash dividend policy is clear and aligns with the company's articles of association and shareholder resolutions[166].