Financial Performance - The group recorded revenue of approximately RMB 256.2 million for the year, an increase of about RMB 122.3 million or approximately 91.4% compared to RMB 133.9 million in the previous year[3]. - The loss for the year was approximately RMB 30.1 million, a decrease from RMB 34.2 million in the previous year, primarily due to increased revenue from transportation, warehousing, and in-plant logistics services[3]. - Basic loss per share for the year was approximately RMB 19.44, compared to RMB 32.77 in the previous year[3]. - Total comprehensive income for the year was RMB (29,720,000), a decrease from RMB (37,265,000) in the previous year, reflecting a reduction in losses by about 20.3%[6]. - The company reported a net loss of RMB 30,056,000 in 2024, compared to a net loss of RMB 34,163,000 in 2023, indicating an improvement of approximately 8.2% year-over-year[6]. Revenue Breakdown - Revenue from external customer contracts for 2024 is projected to be RMB 256,214 thousand, compared to RMB 133,881 thousand in 2023, representing a growth of 91.5%[23]. - The logistics services segment generated revenue of RMB 173,683 thousand in 2024, up from RMB 50,335 thousand in 2023, indicating a significant increase of 245.5%[23]. - The warehousing services segment reported revenue of RMB 23,976 thousand in 2024, compared to RMB 19,276 thousand in 2023, reflecting a growth of 24.0%[23]. - The in-plant logistics services segment saw a decrease in revenue to RMB 56,836 thousand in 2024 from RMB 62,932 thousand in 2023, a decline of 9.0%[23]. Assets and Liabilities - The company's total assets decreased to RMB 256,827,000 in 2024 from RMB 282,828,000 in 2023, representing a decline of approximately 9.2%[7]. - The company's total liabilities decreased from RMB 139,372,000 in 2023 to RMB 123,409,000 in 2024, a reduction of approximately 11.5%[7]. - The company's equity attributable to owners decreased from RMB 138,456,000 in 2023 to RMB 129,943,000 in 2024, a decline of about 6.2%[7]. - The company's cash and cash equivalents decreased significantly from RMB 78,026,000 in 2023 to RMB 49,723,000 in 2024, a drop of about 36.3%[7]. Operational Efficiency - The group maintained strict cost control, reducing the proportion of marketing and administrative expenses from 23.7% to 14.2% of revenue[67]. - The company reported a significant increase in the value of non-current assets, rising from RMB 80,004,000 in 2023 to RMB 85,722,000 in 2024, an increase of approximately 7.2%[7]. - The company’s operational efficiency is expected to improve following the termination of the Haihui acquisition, reducing market risks[59]. Shareholder Returns and Dividends - The board of directors does not recommend the payment of a final dividend for the year, consistent with the previous year[3]. - The company does not recommend the payment of any dividends for the fiscal years ending December 31, 2024, and 2023[49]. Acquisitions and Investments - The company sold 100% equity of its subsidiary, Jian Sheng Logistics (Overseas) Investment Co., Ltd., for a cash consideration of RMB 3,500,000 on August 26, 2024[40]. - On July 30, 2024, the company acquired approximately 51.22% equity in Keshiketeng Banner Meixuan Logistics Co., Ltd. for RMB 3,920,000, aiming to expand its business[42]. - The acquisition of Keshiketeng Banner Meixuan is expected to enhance shareholder returns and business growth[43]. Market and Industry Trends - The logistics industry in China continues to play a significant role in supporting economic growth, despite facing pressures from rising costs and intensified competition[66]. - The logistics sector is expected to continue its transformation and upgrading trend in 2025, with structural differentiation in growth momentum anticipated[70]. Corporate Governance - The company maintains a high level of corporate governance to ensure transparency and protect shareholder interests[109]. - There are no known conflicts of interest among the company's directors or major shareholders as of December 31, 2024[110].
乐氏国际控股(01529) - 2024 - 年度业绩