Financial Performance - The company's revenue for the year ended December 31, 2024, was RMB 847,478 thousand, an increase of 2.62% compared to the previous year[4] - The net profit attributable to shareholders decreased by 5.6% to RMB 206,038 thousand[4] - Earnings per share for the company was RMB 12.41, down from RMB 13.15 in the previous year[5] - The total comprehensive income for the year reached RMB 206,038, indicating a positive financial performance despite fluctuations in other areas[11] - The company's total revenue for 2024 was RMB 847,478,000, an increase of 2.0% from RMB 825,808,000 in 2023[20] - Customer contract revenue from services amounted to RMB 770,132,000 in 2024, up 2.8% from RMB 748,865,000 in 2023[22] - The revenue from unloading services was RMB 643,976,000 in 2024, representing a growth of 1.4% compared to RMB 634,073,000 in 2023[22] - The net profit attributable to the company's owners for 2024 was RMB 206,038,000, a decrease of 5.6% from RMB 218,252,000 in 2023[32] - Basic earnings per share for 2024 were RMB 12.41, down from RMB 13.15 in 2023[32] - The total gross profit for the year ending December 31, 2024, was RMB 218,252 thousand, while the net profit was RMB 334,594 thousand[46] Dividends and Shareholder Returns - The board proposed a final dividend of RMB 0.030 per share (tax included)[4] - The company paid dividends totaling RMB 39,840 during the year, which reflects its commitment to returning value to shareholders[11] - The company declared a final dividend of RMB 50,000,000 for the year ended December 31, 2024, compared to RMB 39,867,000 for the previous year[34] - The board has proposed a final dividend of RMB 0.030 per share for the year ending December 31, 2024, subject to shareholder approval[95] - The proposed final dividend for H shareholders will be determined based on the shareholder list as of May 30, 2025[98] Assets and Liabilities - Total assets increased from RMB 3,069,922 thousand in 2023 to RMB 3,224,282 thousand in 2024[8] - Non-current assets rose from RMB 2,652,186 thousand in 2023 to RMB 3,025,820 thousand in 2024[7] - Current liabilities increased from RMB 230,682 thousand in 2023 to RMB 312,391 thousand in 2024[8] - The company's total equity increased from RMB 2,734,866 thousand in 2023 to RMB 2,901,064 thousand in 2024[8] - Cash and cash equivalents decreased from RMB 608,747 thousand in 2023 to RMB 408,067 thousand in 2024[7] - Trade and other receivables increased significantly from RMB 33,165 thousand in 2023 to RMB 61,173 thousand in 2024[7] - The total trade and other payables amounted to RMB 275,937,000 in 2024, down from RMB 206,377,000 in 2023, a decrease of 33.6%[38] - The company’s lease liabilities as of 2024 were RMB 333,317,000, slightly up from RMB 330,257,000 in 2023, indicating a marginal increase of 0.6%[39] - The company’s net value of investment properties decreased from RMB 279,672,000 in 2023 to RMB 271,897,000 in 2024, a decline of 2.8%[36] - The company’s expected credit loss provision for trade receivables was RMB 483,000 in 2024, compared to RMB 314,000 in 2023, reflecting an increase of 54%[37] Operational Highlights - The company operates primarily in the port management sector, focusing on the handling of grain, wood chips, and cassava, as well as providing leasing and port services[13] - The company maintained its position as the top port for soybean imports in China, with grain throughput continuing to grow for five consecutive years, exceeding 10 million tons annually[44] - In 2024, the company's cargo throughput reached 28.78 million tons, a decrease of 0.4% compared to the same period in 2023[44] - The company plans to complete the construction of a grain storage facility with a capacity of 496,000 tons at the Rizhao Port Grain Base by 2025[44] - The company is investing approximately RMB 1.44 billion in the construction of the Rizhao Port grain base, expected to be operational by 2025[76] Compliance and Governance - The financial statements are prepared in accordance with International Financial Reporting Standards, ensuring compliance with global accounting practices[14] - The adoption of revised International Financial Reporting Standards has not had a significant impact on the company's financial performance or position for the current and prior periods[15] - The company is evaluating the impact of new and revised International Financial Reporting Standards on its financial statements, particularly regarding the structure of its income statement and cash flow statement[19] - The total liabilities classification as current or non-current has been updated in accordance with the revised standards, enhancing financial clarity[15] - The company is committed to continuous improvement and compliance with evolving accounting standards, which is crucial for maintaining investor confidence and transparency[19] - The company has adhered to corporate governance standards and will continue to review its practices to meet stakeholder expectations[92] - The financial performance for the year ending December 31, 2024, has been reviewed by the Audit Committee and found to be consistent with the audited financial statements[99] Employee and Operational Efficiency - The company reported a total of RMB 84,589,000 in employee costs for 2024, consistent with RMB 84,590,000 in 2023[30] - The company has 296 full-time employees as of December 31, 2024, down from 341 in 2023[85] - The company emphasizes safety awareness and skills enhancement through regular training and emergency drills[87] - The company has implemented strict budget management to transition from post-event accounting to pre-event accounting, aiming for higher operational efficiency[87] Future Outlook - In 2025, the company aims to enhance its hardware capabilities and develop a smart grain industry management team[86] - The company plans to enhance revenue generation by developing new food sources and expanding its customer base, particularly in the grain sector[87] Miscellaneous - The company had no bank borrowings as of December 31, 2024, consistent with 2023[71] - The company's debt ratio as of December 31, 2024, is 11.49%, compared to 12.08% in 2023[72] - Net cash generated from operating activities during the reporting period is RMB 304.182 million, a decrease from RMB 326.470 million in the same period of 2023[72] - Capital expenditures for the reporting period amount to RMB 404.405 million, down from RMB 535.767 million in 2023[75] - The total amount raised from the IPO was RMB 546.414 million, with a remaining balance of RMB 72.797 million expected to be fully utilized by December 31, 2027[90] - The company has not repurchased or sold any of its listed securities during the reporting period[94] - The company is currently in the renovation phase of the West No. 6 berth to ensure smooth operations at the Rizhao Port grain base[90] - The annual results announcement will be published on the Hong Kong Stock Exchange and the company's website, providing all relevant information for the year ending December 31, 2024[101] - The company will hold its Annual General Meeting on May 20, 2025, with a suspension of shareholder registration from May 15 to May 20, 2025[100]
日照港裕廊(06117) - 2024 - 年度业绩