锦江航运(601083) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥5,969,770,370.47, representing a year-on-year increase of 13.36% compared to ¥5,266,128,808.70 in 2023 [26]. - The net profit attributable to shareholders for 2024 was ¥1,020,639,699.50, reflecting a significant year-on-year growth of 37.45% from ¥742,544,426.23 in 2023 [26]. - The net profit after deducting non-recurring gains and losses increased by 46.60% year-on-year, amounting to ¥981,314,772.87 in 2024 compared to ¥669,399,491.88 in 2023 [26]. - The cash flow from operating activities for 2024 was ¥1,902,299,779.91, up 19.61% from ¥1,590,389,844.03 in 2023 [26]. - The company's total assets as of the end of 2024 were ¥10,357,012,023.81, a 4.53% increase from ¥9,907,791,440.79 at the end of 2023 [26]. - The basic earnings per share for 2024 was ¥0.79, an increase of 17.91% compared to ¥0.67 in 2023 [27]. - The weighted average return on equity for 2024 was 12.24%, slightly down from 12.34% in 2023 [27]. - The company achieved operating revenue of CNY 5,969,770,370.47, representing a year-on-year increase of 13.36% [59]. - The net profit attributable to shareholders reached CNY 1,020,639,700, marking a year-on-year growth of 37.45% [59]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 2.88 per 10 shares, totaling RMB 372,706,560.00 for the year 2024, which represents 50.46% of the net profit attributable to shareholders [7]. - The total cash dividends distributed for the year 2024, including the interim dividend, will amount to RMB 515,059,760.00 [7]. - A total of RMB 515.06 million in cash dividends is planned for 2024, representing 50.46% of the net profit attributable to shareholders [44]. - The cumulative cash dividends over the last three accounting years amount to RMB 886,472,200.00, with an average net profit of RMB 881,592,062.87, resulting in a cash dividend ratio of 100.55% [153]. - The company has established a cash dividend policy, aiming to distribute at least 50% of the distributable profits to shareholders annually [144]. Audit and Compliance - The company has received a standard unqualified audit report from PwC, ensuring the accuracy and completeness of the financial report [6]. - The company has confirmed no non-operational fund occupation by controlling shareholders or related parties [9]. - The company has not violated decision-making procedures regarding external guarantees [9]. - The company maintains a robust governance structure, ensuring compliance with legal and regulatory requirements while safeguarding shareholder rights [103]. - The company has established independent financial management and accounting systems, ensuring compliance with relevant accounting regulations [111]. Risk Management - The company has outlined potential risks in its future development, which are detailed in the management discussion and analysis section [10]. - The company acknowledges risks related to macroeconomic fluctuations, global trade conflicts, and market competition that could impact its operations [99]. - Container shipping freight and cost volatility are significant indicators affecting profitability, influenced by various market factors [100]. - The company has implemented measures to mitigate risks from uncertainties and sudden events that could disrupt shipping operations [100]. Market Expansion and Operations - The company maintained the first market share in the Shanghai-Japan and Shanghai-Taiwan routes, contributing to the overall performance growth [27]. - The company has expanded its operations in Southeast Asia, leading to a significant increase in both volume and price in that region [27]. - The company expanded its service network to new regions, including Pakistan, Sri Lanka, and the UAE, enriching its service offerings [39]. - The company delivered three new vessels and acquired two 1,100 TEU ships, enhancing operational capacity for Southeast Asia routes [39]. - The company aims to enhance its operational efficiency and profitability by focusing on its core business and maintaining stable market shares in traditional routes [93]. Environmental and Social Responsibility - The company invested 3.5759 million yuan in environmental protection during the reporting period [160]. - The company reduced carbon emissions by 30,088 tons through various measures, including the installation of digital operation support systems on 16 vessels [164]. - The company established a green financial cooperation memorandum with China Construction Bank (Asia) to support green projects [166]. - The company is committed to green shipping and has integrated energy-saving technologies into its fleet [163]. - The company has published its 2024 Sustainable Development Report, detailing its social responsibility efforts [167]. Governance and Management - The company has a total of 9 directors, including 3 independent directors, ensuring compliance with legal and regulatory requirements [104]. - The company has 3 supervisors, including 1 employee representative supervisor, also in compliance with legal and regulatory requirements [105]. - The company has established a clear performance assessment target based on its medium to long-term strategic planning and annual key work arrangements [125]. - The company ensures timely and full payment of remuneration to directors, supervisors, and senior management [125]. - The company has maintained a clear and transparent cash dividend policy, ensuring the protection of minority shareholders' rights [148]. Strategic Commitments - The company is committed to becoming a regional leader in container transportation, focusing on differentiated development strategies [91]. - The company has committed to maintaining its independence in business, assets, finance, personnel, and organization from its controlling shareholder and other enterprises it controls [173]. - The commitments made by the controlling shareholder will remain effective as long as it holds the controlling stake in Jinjiang Shipping [173]. - The company will implement stock price stabilization measures if the closing price is below the audited net asset value per share for 20 consecutive trading days within three years of listing [178].