XINLI FINANCE(SH:600318)2025-03-27 10:35Financial Performance - The company achieved a net profit of ¥56,256,530.18 for the fiscal year 2024, with a total distributable profit of ¥355,099,012.44 as of December 31, 2024[7]. - A cash dividend of ¥0.2 per share (including tax) is proposed, totaling ¥10,254,552.64, which accounts for 32.91% of the net profit attributable to shareholders in the consolidated financial statements for 2024[7]. - Basic earnings per share remained stable at ¥0.06 for 2024, with a 20% increase in basic earnings per share after excluding non-recurring gains and losses compared to 2023[26]. - The weighted average return on net assets increased to 2.97% in 2024, up by 0.19 percentage points from 2023[26]. - The company reported a weighted average return on net assets of 2.86% after excluding non-recurring gains and losses, an increase of 0.27 percentage points from the previous year[26]. - The company's operating revenue for 2024 was CNY 313.85 million, a decrease of 6.51% compared to CNY 335.72 million in 2023[27]. - Net profit attributable to shareholders for 2024 was CNY 31.16 million, an increase of 9.36% from CNY 28.50 million in 2023[27]. - The net cash flow from operating activities increased by 71.41% to CNY 239.94 million in 2024, compared to CNY 139.98 million in 2023[27]. - The total assets at the end of 2024 were CNY 4.05 billion, a decrease of 1.47% from CNY 4.11 billion at the end of 2023[27]. - The company achieved a net profit of CNY 13.42 million in Q1 2024, with a significant drop to -CNY 2.41 million in Q4 2024[28]. Risk Management - The company has not faced significant changes in major risk factors affecting its operations during the reporting period[11]. - The company focused on risk prevention and control, achieving zero accidents in safety management throughout 2024[34]. - The company faces market risks, credit risks, and liquidity risks across its financing guarantee, micro-loan, pawn, and leasing businesses[79]. - The company has implemented strict credit risk management procedures, including due diligence on debtors and dynamic management post-loan issuance[80]. Corporate Governance - The company held 2 shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[86]. - The board of directors convened 5 meetings, maintaining a composition that meets legal standards for independent directors[87]. - The company held 4 supervisory board meetings during the reporting period, adhering strictly to relevant laws and regulations[88]. - The management team consists of 3 senior executives, including a general manager, a board secretary, and a financial director, all complying with legal requirements[89]. - The company emphasizes communication with investors, actively addressing inquiries and suggestions from shareholders[91]. - The company maintains a commitment to protecting the legal rights of all shareholders, particularly minority shareholders[92]. Employee and Talent Development - A total of 14 new professionals were hired to strengthen the workforce, enhancing the company's operational capabilities[36]. - The company has implemented a systematic training program for employees, focusing on business procedures, risk control, and monthly training sessions[111]. - The company has established a long-term incentive mechanism to attract and retain talent, enhancing investor confidence[119]. - The company has cultivated a high-quality technical talent pool, which is crucial for its product innovation and sustainable development[83]. Legal and Compliance - The company has not faced any major litigation or arbitration matters during the reporting period, indicating a stable legal standing[140]. - The company has not reported any significant related party transactions during the reporting period[149]. - The audit committee found that the financial reports accurately reflect the company's overall situation and comply with legal requirements[106]. Shareholder Information - The number of ordinary shareholders increased from 64,199 to 75,681 during the reporting period[158]. - Anhui Huillong Investment Group Co., Ltd. holds 120,999,907 shares, representing 23.60% of the total shares[160]. - The top ten shareholders do not have any pledged, marked, or frozen shares[160]. - The actual controller of the company remains the Anhui Provincial Supply and Marketing Cooperative Union[165]. Future Outlook - The company plans to leverage AI technology in business expansion and risk management by 2025[75]. - The company is actively exploring new product development and market expansion opportunities, although specific details were not disclosed in the financial data[200]. - Future outlook includes a focus on enhancing financial stability and exploring potential mergers and acquisitions to drive growth[200].