Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of RMB 162,359,281, an increase of 29.6% from RMB 125,290,479 in 2023[2]. - The company's gross profit for the same period was RMB 698,971, down 17.5% from RMB 846,638 in 2023[3]. - Net profit for the year was RMB 93,361, representing a 42.2% increase compared to RMB 65,676 in 2023[3]. - Basic and diluted earnings per share increased to RMB 1.04 from RMB 0.41, reflecting a growth of 153.7%[3]. - The company’s total comprehensive income for the year was RMB 111,113, up from RMB 66,964 in 2023, reflecting a growth of 66.5%[5]. - The company did not declare or recommend any dividends for 2024, consistent with 2023[35]. - The board does not recommend the distribution of dividends for the fiscal year ending December 31, 2024, consistent with the previous year[98]. Assets and Liabilities - Total assets rose to RMB 69,484,756, up from RMB 63,778,674, marking an increase of 8.9%[2]. - Current assets increased to RMB 42,618,024, compared to RMB 37,481,900, a growth of 13.3%[2]. - Total liabilities increased to RMB 55,141,803 from RMB 49,571,989, an increase of 11.5%[2]. - The group recorded a net current liability of approximately RMB 4,725,063,000 as of December 31, 2024, indicating significant uncertainty regarding the group's ability to continue as a going concern[11]. - As of December 31, 2024, the group's net current liabilities amounted to approximately RMB 4,725.1 million, compared to RMB 2,830.4 million as of December 31, 2023, with total equity attributable to shareholders at approximately RMB 13,951.2 million, up from RMB 13,804.3 million in 2023[80]. - The total interest-bearing borrowings decreased by approximately 2.9% to RMB 14,831.4 million as of December 31, 2024, down from RMB 15,268.3 million in 2023[82]. Revenue Segmentation - Revenue from supply chain management and trading business surged to RMB 161,735,969 thousand in 2024, compared to RMB 124,691,353 thousand in 2023, marking an increase of about 29.7%[20]. - The property development and related services segment reported revenue of RMB 478,890 thousand in 2024, up from RMB 441,163 thousand in 2023, reflecting a growth of approximately 8.5%[26]. - Rental income from investment properties decreased by approximately 16.9% from RMB 283.5 million to RMB 235.6 million due to a reduction in total leased area[64]. - Property sales and related services revenue increased by approximately 54.3% from RMB 157.7 million to RMB 243.2 million, attributed to an increase in the area of properties delivered in 2024[66]. Operational Highlights - The company operates primarily in China, focusing on developing and managing large consumer goods wholesale markets and providing supply chain management services[19]. - The company’s core project, Hankou North International Trade City, has developed into a comprehensive market cluster with 30 specialized markets, enhancing its supply chain management capabilities[45]. - In 2024, Hankou North aims to optimize and upgrade its commodity market, focusing on integrating industry and trade, and enhancing digital trade capabilities[45]. - The company launched over 3,000 product SKUs on its platform, meeting diverse customer needs[53]. - The company established 8 regional marketing centers in cities like Xi'an, Chengdu, and Chongqing to expand its downstream market[53]. Financial Management and Strategy - The group expects to generate positive operating cash flow in the next twelve months through improved supply chain management and trade business revenue[13]. - The group is actively reviewing its capital structure and negotiating with banks for the refinancing of existing loans[13]. - The group plans to further divest several non-core businesses and assets to raise additional operating funds[13]. - The group has not engaged in any significant acquisitions or disposals during the year ending December 31, 2024, and will continue to seek opportunities to divest non-core assets to enhance liquidity[86]. Risk Management - The group has implemented over 80 risk control rules and enhanced risk assessment capabilities through its "Risk Brain" system[54]. - The expected credit loss model showed a total impairment loss of RMB 232,661 thousand in 2024, significantly higher than RMB 104,554 thousand in 2023[30]. Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and has complied with its provisions for the fiscal year ending December 31, 2024[93]. - The audit committee, composed of three independent non-executive directors, reviewed the audited consolidated financial statements for the fiscal year ending December 31, 2024, and found them to be prepared in accordance with applicable accounting standards[96]. - The independent auditor confirmed that the financial figures for the fiscal year ending December 31, 2024, were consistent with the audited consolidated financial statements[97].
卓尔智联(02098) - 2024 - 年度业绩