HSPC(SH:603353)2025-04-25 11:30Financial Performance - The company's operating revenue for 2024 was RMB 2,811,563,535.67, a decrease of 14.11% compared to RMB 3,273,323,617.03 in 2023[22] - The net profit attributable to shareholders for 2024 was RMB 29,265,781.30, down 43.97% from RMB 52,232,802.02 in 2023[22] - The net profit after deducting non-recurring gains and losses was RMB 22,789,917.20, a decline of 49.34% compared to RMB 44,982,040.00 in 2023[22] - The cash flow from operating activities increased by 123.66% to RMB 204,144,134.37 from RMB 91,274,874.60 in 2023[22] - The total assets at the end of 2024 were RMB 2,027,064,586.00, an 8.80% decrease from RMB 2,222,696,464.20 at the end of 2023[22] - The net assets attributable to shareholders increased slightly by 0.95% to RMB 1,661,666,283.78 from RMB 1,646,082,500.79 in 2023[22] - The average return on equity decreased to 1.77%, down 1.34 percentage points from the previous year[23] - The diluted earnings per share fell by 45.16% to CNY 0.17[23] - The company reported a net cash flow from operating activities of CNY 85.05 million in the fourth quarter[25] Dividend Policy - The company plans to distribute a cash dividend of RMB 0.1 per share, totaling RMB 17,339,400.00, which represents 118.50% of the net profit attributable to shareholders for the year[6] - The cash dividend for 2023 is set at RMB 0.1 per share, totaling RMB 17,041,800, which represents 32.63% of the net profit attributable to the parent company[114] - The total cash dividend for 2024, including the third quarter distribution, is projected to be RMB 34,678,800, which is 118.50% of the net profit attributable to the parent company[114] - The company plans to maintain a cash dividend of RMB 0.1 per share for 2024, subject to approval at the annual general meeting[115] Operational Efficiency - The gross profit margin for wholesale and retail increased by 1.09 and 0.76 percentage points, respectively, due to effective cost control in oil procurement[23] - The company has a complete industrial chain from procurement to retail, enhancing operational efficiency and reducing costs[46] - The company reported a decrease in sales expenses by 15.55% due to the reduction of rental costs from problematic gas stations[51] - The company has implemented a broad salary system based on job qualifications and performance, ensuring competitive compensation to attract talent[108] - The company has established a performance evaluation mechanism for senior management, which is overseen by the Board's Compensation and Performance Committee[125] Market Trends and Challenges - The retail market for gasoline is supported by the increasing number of private cars, but the rapid development of new energy vehicles is significantly impacting gasoline retail demand[41] - The rapid increase in the penetration rate of new energy vehicles is driving terminal enterprises to accelerate their transformation towards comprehensive energy supply stations[71] - The company aims to deepen market presence and enhance member services, focusing on the core business of refined oil retail, which still dominates the market with 91.10% of vehicles being fuel-powered[74] - The company is committed to diversifying energy services by integrating charging facilities into existing gas stations to meet the growing demand for new energy[79] Corporate Governance - The company strictly adheres to the requirements of the Company Law, Securities Law, and relevant regulations, ensuring a sound corporate governance structure[85] - The total pre-tax remuneration for the chairman and general manager, Zhao Zhong, is 625,800 CNY[88] - The total pre-tax remuneration for the independent directors is 71,400 CNY, with no shares held[88] - The company has established a robust internal control system to safeguard the interests of investors[85] - The company has not reported any significant deficiencies in internal control during the reporting period[129] Social Responsibility - The company invested a total of 1.6466 million yuan in poverty alleviation and rural revitalization projects during the reporting period[135] - Direct financial assistance of 230,000 yuan was provided to impoverished students to support their education[138] - The company has actively engaged in social responsibility initiatives, including educational support and agricultural product promotion[136] - All gas stations have completed the installation of three oil and gas recovery systems, significantly reducing carbon emissions[132] Risk Management - There are no significant risks that could materially affect the company's operations during the reporting period[8] - The company faces risks from volatile international oil prices and rapid technological changes in charging equipment, with strategies in place to mitigate these risks[81][82] - The company has established strict compliance with laws and regulations regarding related party transactions to protect shareholder interests[3] Shareholder Information - The total number of ordinary shareholders increased from 11,630 to 14,671 during the reporting period[179] - The largest shareholder, Hunan Heshun Investment Development Co., Ltd., holds 72,371,000 shares, accounting for 41.7% of total shares[181] - The total number of shares held by the top ten shareholders amounts to 142,000,000 shares, indicating significant concentration of ownership[182] - The company has no reported equity stakes in other domestic or foreign listed companies by its controlling shareholder during the reporting period[184]