Chahua(SH:603615)2025-03-28 10:15Financial Performance - The company reported a net profit attributable to shareholders of -37,504,740.88 CNY for the fiscal year 2024, a significant decline compared to a profit of 4,694,496.14 CNY in 2023[7]. - Total revenue for 2024 was 560,047,331.29 CNY, representing a decrease of 14.74% from 656,908,104.91 CNY in 2023[25]. - The basic earnings per share for 2024 was -0.155 CNY, a decline from 0.019 CNY in 2023[27]. - The weighted average return on equity decreased by 3.25 percentage points to -3.25% in 2024, compared to 0.39% in 2023[27]. - The net profit attributable to shareholders was CNY -37.50 million, indicating a loss compared to the previous year[35]. - The company's revenue for the reporting period was ¥560,047,331.29, a decrease of 14.74% compared to ¥656,908,104.91 in the same period last year[46]. - Gross profit for the period was ¥113,382,388.26, down 31.74% from ¥166,106,652.61 year-on-year, resulting in a gross margin of 20.25%, a decline of 5.04% from 25.29% in the previous year[46]. - Operating costs amounted to CNY 446,664,943.03, down 8.99% from CNY 490,801,452.30 year-on-year, with the decline in costs being less than the decline in revenue due to fixed costs remaining unchanged[48]. Cash Flow and Assets - The net cash flow from operating activities increased by 64.22% to 123,722,882.72 CNY compared to 75,338,876.40 CNY in the previous year[25]. - The company's total assets grew by 3.75% to 1,522,549,488.69 CNY at the end of 2024, up from 1,467,465,622.41 CNY in 2023[25]. - The net assets attributable to shareholders decreased by 4.17% to 1,138,478,738.23 CNY at the end of 2024, down from 1,188,025,431.54 CNY in 2023[25]. - The company reported a net cash flow from operating activities of CNY 12.07 million in the first quarter of 2024[29]. - The company's cash and cash equivalents increased by 37.52% to ¥789,632,848.62, primarily due to reduced cash payments for goods and services[64]. Market and Strategic Initiatives - The company constructed a total of 101 "Tea Flower Living Halls" to enhance brand promotion and product distribution[35]. - The company has established a strategic partnership with MR. D.I.Y. Trading Sdn Bhd to expand its market presence in Southeast Asia[36]. - The self-operated e-commerce business turned profitable, indicating a successful internal cost reduction and efficiency improvement strategy[36]. - The company is focusing on optimizing its online marketing strategies and managing traditional e-commerce channel distributors to avoid vicious competition[36]. - The company is actively expanding its marketing channels, shifting from reliance on traditional supermarkets to a multi-channel approach[35]. - The company is exploring potential mergers and acquisitions to strengthen its market position[116]. - The company aims to achieve a sales scale of 700 million yuan by 2025, focusing on market demand and management efficiency[99]. Research and Development - The company invested ¥8,195,900 in R&D during the reporting period, focusing on product innovation and industrial design, launching new products like the one-button lid cup and shake cup[37]. - The company obtained 2 utility model patents and 16 design patents during the reporting period, enhancing its innovation capabilities[76]. - The total R&D investment was primarily allocated to the development of new products, including personnel salaries and equipment depreciation[59]. - The number of R&D personnel is 38, accounting for 3.81% of the total workforce[56]. Governance and Shareholder Relations - The company has established a governance structure that ensures effective communication with shareholders and protects the rights of minority investors[108]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements and effective decision-making[108]. - The company held 2 shareholder meetings in 2024, ensuring transparency and fairness in decision-making processes[108]. - The company has established multiple communication channels with investors, including a dedicated investor relations section[109]. - The company is committed to maintaining independence from controlling shareholders and has measures in place to ensure this[109]. Legal and Compliance Matters - The company has received a regulatory warning from the Shanghai Stock Exchange in May 2022 due to improper accounting treatment related to the acquisition of Chengdu Chahua in 2020[124]. - The company is facing no delisting risk and has no ongoing bankruptcy reorganization matters[170]. - The company’s subsidiary, Chuzhou Chahua, was awarded an arbitration ruling on September 28, 2023, requiring Bubu Gao to pay a total of 4,157,301.47 CNY in principal and 145,123.05 CNY in overdue payment losses[175]. - The company has initiated legal actions against several Carrefour subsidiaries, with judgments requiring payments of 1,721,137.15 CNY, 1,116,152.49 CNY, and 269,928.14 CNY from different entities[176]. Environmental and Social Responsibility - The company invested 668,600 CNY in environmental protection during the reporting period[150]. - The company does not belong to the list of key pollutant discharge units and has not faced any administrative penalties for environmental issues[151]. - The company published its 2024 Social Responsibility Report on March 29, 2025[153]. - The company is focused on building a harmonious society through active social responsibility initiatives[109].