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象兴国际(01732) - 2024 - 年度财报
XIANGXING INTXIANGXING INT(HK:01732)2025-04-22 10:27

Financial Performance - The group's revenue for the year ended December 31, 2024, was approximately RMB 232,677,000, representing a year-on-year increase of 32.5% compared to RMB 175,556,000 in 2023[14]. - The gross profit for the same period was approximately RMB 43,596,000, reflecting a year-on-year growth of 16.9% from RMB 37,297,000[15]. - The group reported a net loss of approximately RMB 4,893,000 for the year, a decrease of 146.5% compared to a profit of RMB 10,521,000 in the previous year[15]. - The total revenue from logistics services grew by 11.3% year-on-year, reaching approximately RMB 27,922,000 in 2024[20]. - Revenue from port services decreased by 3.5% in 2024 due to the higher unit price of port transportation compared to logistics services[19]. Supply Chain and Logistics - The supply chain business revenue increased approximately 5.0 times year-on-year, contributing significantly to the overall revenue growth[8]. - Container throughput for port logistics services was 4,008,184 TEUs, a 3.1% increase from 3,889,024 TEUs in 2023[17]. - The logistics service revenue from port logistics was RMB 56,678,000, up 4.0% from RMB 54,507,000 in the previous year[18]. - The group completed over 4 million TEUs in container logistics services for the year 2024, representing a year-on-year growth of 3.1%[19]. - Heavy container transportation volume increased by 18.1% and empty container transportation volume increased by 17.4% in 2024, driven by a larger share of short-distance transportation[20]. Strategic Initiatives - The group plans to enhance management and optimize production processes to improve efficiency and better meet market demands[10]. - The company aims to increase the use of electric traction vehicles and explore the feasibility of autonomous driving solutions in port transportation services[10]. - The group will focus on accounts receivable management in the supply chain operations, particularly in the sand and gravel sector, amid domestic infrastructure and real estate market developments[10]. - The company emphasizes green development and the intelligentization of production processes as part of its strategic initiatives[8]. Corporate Governance - The board has maintained high standards of corporate governance, adhering to the corporate governance code as of December 31, 2024[52]. - The board consists of five members, including two executive directors and three independent non-executive directors, complying with listing rules[57]. - The company has established corporate governance policies and practices, which are regularly reviewed to ensure compliance with legal and regulatory requirements[69]. - The audit committee is tasked with monitoring the integrity of financial statements and overseeing the risk management and internal control systems[76]. - The company has implemented a whistleblowing policy that encourages reports from stakeholders, ensuring confidentiality and protection for whistleblowers[94]. Environmental, Social, and Governance (ESG) Efforts - The company has established an ESG committee composed of executive directors and heads of finance, human resources, and operations to implement ESG policies and monitor key performance indicators[111]. - The ESG report adheres to the Hong Kong Stock Exchange's mandatory disclosure requirements and follows four reporting principles: materiality, quantification, balance, and consistency[114]. - The company aims to enhance its environmental management efforts and expand the scope of disclosures to cover all ESG work and major business areas[121]. - The company has set three environmental goals: emissions reduction, climate change impact management, and workplace safety and health[130]. - The company has complied with all applicable laws and regulations related to air and greenhouse gas emissions, with no significant claims or penalties during the reporting period[132]. Employee and Workforce Management - Employee costs for the group were approximately RMB 92,806,000 in 2024, up from RMB 91,222,000 in 2023[22]. - The group employed 856 staff members as of December 31, 2024, an increase from 846 in the previous year[35]. - The overall employee turnover rate is reported at 46% for the current period, slightly down from 54% in 2023, showing a decrease of approximately 14.8%[158]. - The company emphasizes equal employment opportunities and has established a fair treatment policy for all employees[163]. - The company has implemented strict safety measures, including mandatory safety training for all dock workers[165]. Community and Social Responsibility - The company is committed to corporate social responsibility, actively participating in community service and encouraging employee involvement in social welfare activities[196]. - The company has a policy against collaborating with suppliers that frequently violate environmental regulations[185]. - The company encourages employees and stakeholders to report any suspected misconduct, ensuring protection for whistleblowers[195]. - The company has established supplier behavior guidelines focusing on human rights, labor protection, environmental protection, and anti-corruption[182]. Future Outlook - The company anticipates that China's import and export growth may slow down in 2025, potentially aligning with the growth rate of 2024 due to external uncertainties and domestic market stability[43]. - The company aims to achieve both revenue and profit growth by 2025[47]. - The company plans to enhance stakeholder communication and engagement through diversified channels[128].