Financial Performance - The company's revenue for the fiscal year ending December 31, 2024, increased by approximately 130.7% year-on-year, reaching around RMB 213.8 million, up from RMB 92.6 million in 2023[7]. - The overall gross profit margin decreased by about 12.7%, from approximately 36.3% in 2023 to around 23.6% in 2024, primarily due to temporary price discounts to capture market share[7]. - Net profit attributable to equity shareholders was approximately RMB 9.9 million, a year-on-year increase of about 10.9%, driven by an increase in gross profit from RMB 33.6 million in 2023 to RMB 50.5 million in 2024[7]. Revenue Breakdown - Revenue from Japan outbound travel tours increased by approximately 82.2% year-on-year to about RMB 23.5 million, benefiting from a focus on overseas markets and partnerships with international travel agencies[8]. - Revenue from local tours in Japan surged approximately 255.2% year-on-year to around RMB 146.7 million, attributed to enhanced transportation capacity and a broader product selection[8]. - Hotel business revenue increased by about 10.6% in 2024, reaching approximately RMB 21.9 million, with occupancy rates maintained above 90%[8]. - The duty-free shop business experienced a revenue decline of approximately 58.2% in 2024, reflecting a strategic shift in focus[8]. Strategic Plans - The company plans to continue hotel renovations to enhance guest experiences and attract high-end travelers, as well as expand its bus fleet to accommodate larger groups[9]. - Future strategies include launching niche theme tours and exploring emerging destination markets to diversify product offerings[9]. Risk Management and Internal Controls - The company emphasizes risk management and internal controls to maintain operational efficiency and financial transparency, with regular audits and compliance training for staff[10]. - The company has engaged an external professional firm to conduct an annual review of its risk management and internal control systems, ensuring their effectiveness and adequacy[100]. - The audit committee assists the board in overseeing the implementation and effectiveness of risk management and internal control systems[95]. Corporate Governance - The company has adhered to all applicable corporate governance code provisions as per the listing rules, except for the provision C.2.1 regarding the separation of roles between the chairman and CEO[48]. - The board of directors is responsible for overseeing the company's business, strategic decisions, and performance, ensuring objective decision-making in the best interest of the company[51]. - The company has established various committees, including audit, remuneration, and nomination committees, to enhance governance and oversight[48]. Diversity and Inclusion - The board aims to increase the proportion of female directors to at least 20% by 2028, currently having one female director[79]. - The company emphasizes diversity in its recruitment practices across all levels, including the board and senior management[80]. - The workforce composition includes 67 males and 77 females, with a notable increase in the number of employees aged 50 and above from 24 in 2023 to 34 in 2024[172]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report outlines the company's initiatives and performance in sustainability and corporate governance for the year 2024[121]. - The company aims to reduce electricity intensity by 5% by 2030, using 2023 as the baseline year[140]. - The company is committed to implementing internal policies to reduce carbon emissions and achieve decarbonization goals[139]. Employee Development and Welfare - The company achieved a 100% employee training rate this year, with a total training time of 1,183 hours, an increase from 1,056 hours in the previous year[180]. - Employee performance evaluations are conducted at least once a year to recognize hard work and provide improvement feedback[174]. - The company promotes a healthy work-life balance through regular team-building activities and family-inclusive events[175]. Compliance and Legal Matters - The company has established compliance procedures to ensure adherence to significant laws and regulations, with no major violations reported this year[186]. - The company has maintained strict privacy protection for employee and customer data, with no complaints received regarding data security this year[188]. - The company has reported no significant issues related to bribery, extortion, fraud, or money laundering laws during the year[192].
途屹控股(01701) - 2024 - 年度财报