DSL(SH:603233)2025-04-25 13:28Financial Performance - The company's operating revenue for 2024 reached RMB 26.50 billion, an increase of 8.01% compared to RMB 24.53 billion in 2023[23]. - The net profit attributable to shareholders decreased by 21.58% to RMB 914.75 million from RMB 1.17 billion in the previous year[24]. - The net profit after deducting non-recurring gains and losses was RMB 884.98 million, down 22.42% from RMB 1.14 billion in 2023[24]. - The net cash flow from operating activities was RMB 3.11 billion, a slight decrease of 2.13% from RMB 3.17 billion in 2023[24]. - The total assets increased by 9.60% to RMB 26.44 billion compared to RMB 24.12 billion at the end of 2023[24]. - Basic earnings per share decreased by 21.36% to CNY 0.81 in 2024 compared to CNY 1.03 in 2023[25]. - The company's operating costs rose to 17.401 billion RMB, reflecting a 10.67% increase, which was higher than the revenue growth rate due to a higher proportion of lower-margin franchise business[88]. - The gross margin for the retail business decreased by 1.53 percentage points to 36.62%, while the franchise and distribution business gross margin was 11.17%, down 0.07 percentage points[91]. Market Expansion and Strategy - The company expanded its store network to 16,553 locations across 21 provinces, with 10,503 direct-operated stores and 6,050 franchise stores, opening 907 self-built stores, acquiring 420 stores, and adding 1,885 franchise stores during the reporting period[37]. - The company entered 15 new provincial-level administrative regions since 2019, achieving coverage of 67.7% of mainland China's provinces, and plans to focus on market share in these regions moving forward[40]. - The franchise business saw the opening of 1,885 new stores, bringing the total to 6,050, contributing to increased sales and profit levels[41]. - The company is actively pursuing expansion strategies to enhance its market presence and operational efficiency in the retail pharmacy sector[120]. - The company aims to cover 67.7% of China's provincial administrative regions and will focus on increasing market share in already covered provinces by 2025[128]. Digital Transformation and Innovation - The company implemented a digital site selection system to optimize store expansion, utilizing big data analysis for efficient site recommendations[39]. - The company launched a price comparison mini-program covering 29 provinces, enhancing price transparency and promoting its competitive pricing image[46]. - The company implemented an AI-driven customer service tool, "AI Xiaosan," which reduced query response time by 80% and improved user satisfaction[51]. - The company’s digital transformation initiatives included over ten digital projects, supporting efficient operations across more than 10,000 stores[49]. - The company has embraced digital tools and AI technologies in logistics, significantly reducing logistics costs compared to third-party services[82]. Risk Management and Compliance - There are no significant risks that could materially affect the company's operations during the reporting period[8]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[7]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[7]. - The company strictly adhered to information disclosure regulations, ensuring timely and accurate reporting[142]. - The company has established strict financial management systems to prevent related party fund occupation, including the implementation of decision-making and management systems[183]. Corporate Governance and Management - The company held 7 supervisory board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[142]. - The company has a structured salary system that varies based on position, category, and responsibilities, ensuring competitive and fair compensation[162]. - The company has established a performance evaluation standard for senior management, ensuring transparency and compliance in the hiring process[173]. - The company has a talent management system that includes a talent pool of over 2,500 individuals, supporting business expansion and innovation[84]. - The company has established partnerships with nearly 200 universities to enhance talent acquisition and development, addressing the growing demand for skilled professionals[138]. Social Responsibility and Community Engagement - The company invested CNY 63.90 million in environmental protection during the reporting period[177]. - The total contribution to social responsibility projects amounted to CNY 1,661.37 million, including CNY 272.45 million in cash donations[179]. - The company donated CNY 200 million to support poverty alleviation and rural revitalization projects in Ganzi Tibetan Autonomous Prefecture[180]. - The company has received multiple awards for social responsibility and brand value, reinforcing its commitment to public health and community support[83]. Future Outlook and Goals - The company plans to enhance its new retail system and achieve integrated online and offline operations to improve overall channel profitability[129]. - By 2025, the company will implement a smart decision-making platform for product management to optimize inventory and pricing strategies[130]. - The company will continue to develop its membership system to drive customer traffic and enhance consumer loyalty through targeted marketing strategies[131]. - The company aims to enhance digitalization and AI empowerment, focusing on "cost reduction, efficiency improvement, and revenue generation" by 2025, with initiatives in digital goods, smart supply chains, and AI applications[132].