Jiajiayue(603708)2025-04-24 15:10Financial Performance - The company's operating revenue for 2024 reached ¥18,255,512,489.76, representing a year-on-year increase of 2.77% compared to ¥17,762,968,076.50 in 2023[24]. - The net profit attributable to shareholders for 2024 was ¥131,950,496.59, a decrease of 3.26% from ¥136,393,205.49 in 2023[24]. - The basic earnings per share for 2024 was ¥0.21, down 4.55% from ¥0.22 in 2023[26]. - The diluted earnings per share for 2024 was ¥0.23, down 8.00% from ¥0.25 in 2023[26]. - The company achieved total operating revenue of CNY 1,825,551.25 million, representing a year-on-year growth of 2.77%[36]. - The net profit attributable to shareholders was CNY 13,195.05 million, with a year-on-year increase in net profit excluding non-recurring gains and losses of 17.18% to CNY 11,567.14 million[36]. - The company reported a gross profit margin of 18.98%, which is a decrease of 0.54 percentage points from the previous year[50]. Cash Flow and Dividends - The company plans to distribute a cash dividend of ¥0.08 per share, totaling approximately ¥119,265,140.15, which accounts for 90.39% of the net profit attributable to shareholders[6]. - The company reported a cash flow from operating activities of ¥1,151,079,057.30, a decline of 28.68% from ¥1,614,011,040.62 in 2023[24]. - The total cash dividends distributed over the last three accounting years amount to CNY 303,125,259.87, with an average annual net profit of CNY 109,472,583.19, resulting in a cash dividend ratio of 276.90%[125]. Store Operations and Expansion - The comparable store traffic increased by 7.74% during the reporting period, contributing to stable sales growth[24]. - The company opened 140 new stores during the reporting period, including 49 direct-operated and 91 franchised stores, enhancing its multi-format layout and regional competitive advantage[37]. - The company operates a total of 1,100 stores, with 957 direct-operated and 143 franchised, focusing on fresh food and daily necessities[41]. - The company closed 25 stores in Q4 2024 due to network optimization and underperformance, with a total area of 38,252.90 square meters[67]. Supply Chain and Logistics - The supply chain efficiency improved significantly, with the completion of the Huai Bei comprehensive industrial park phase II, enhancing logistics coordination and operational efficiency[37]. - The logistics network includes 8 logistics parks covering approximately 600,000 square meters, achieving a 3-hour delivery circle for efficient service[44]. - The company continues to enhance its supply chain strategy with the new fresh cold chain logistics center in Huai Bei[73]. Online Sales and Digital Integration - Online sales grew by 13.2%, contributing to 3.31 million in-store visits, with a conversion rate of 40%[36]. - The online sales accounted for 7.16% of total sales by the end of the reporting period, indicating a growing trend in e-commerce integration[36]. - The online business continues to grow rapidly, with ongoing improvements in the online and offline integrated service capabilities[46]. Employee and Management Structure - The company has a total of 19,422 employees, with 3,421 in the parent company and 16,001 in major subsidiaries[114]. - The sales personnel constitute the largest group, totaling 16,763, representing approximately 86.3% of the total workforce[114]. - The company has established a performance evaluation system using the Balanced Scorecard approach, linking performance metrics to strategic objectives[116]. Environmental and Social Responsibility - The company reported an investment of 602,000 RMB in environmental protection during the reporting period[134]. - The company reduced carbon emissions by 9,020 tons during the reporting period[140]. - The company generated a total of 9,622,300 kWh of electricity from solar power systems in logistics and industrial parks, saving 2,966 tons of standard coal and reducing CO2 emissions by 9,020 tons in 2024[141]. Governance and Compliance - The company emphasizes transparency in information disclosure, adhering to legal requirements and maintaining investor relations[91]. - The board of directors has convened sixteen meetings, with all directors present, ensuring diligent oversight and decision-making[89]. - The company is committed to continuously improving its modern governance system and governance capabilities[92]. Future Outlook and Strategic Initiatives - The company plans to shift from scale retail to quality retail by 2025, improving store environments and service capabilities through significant and minor renovations[83]. - The company is considering strategic acquisitions to enhance its supply chain efficiency, with a budget of 500 million RMB earmarked for potential deals[96]. - The management team emphasized the importance of sustainability initiatives, aiming to reduce operational costs by 10% through eco-friendly practices[96].