Shijihengtong(SZ:301428)2025-04-25 14:25Financial Performance - The company's operating revenue for 2024 reached ¥1,209,264,621.98, representing a 13.25% increase compared to ¥1,067,806,259.67 in 2023 [23]. - Net profit attributable to shareholders decreased by 23.55% to ¥61,908,800.77 in 2024 from ¥80,982,019.59 in 2023 [23]. - The net profit after deducting non-recurring gains and losses was ¥39,023,792.98, down 41.75% from ¥66,991,539.62 in the previous year [23]. - The total assets increased by 25.89% to ¥2,296,585,793.21 at the end of 2024, compared to ¥1,824,307,724.68 at the end of 2023 [23]. - The company reported a significant improvement in cash flow from operating activities, with a net cash inflow of ¥66,176,262.14 in 2024, compared to a net outflow of ¥170,705,219.91 in 2023 [23]. - Basic earnings per share decreased by 31.57% to ¥0.6296 in 2024 from ¥0.9200 in 2023 [23]. - The company received government subsidies amounting to ¥24,725,537.97 in 2024, an increase from ¥14,949,888.57 in 2023 [29]. - The company achieved a total revenue of CNY 1,209.26 million in 2024, representing a year-on-year growth of 13.25% [60]. - The net profit attributable to shareholders was CNY 61.91 million, a decrease of 23.55% compared to the previous year [60]. Shareholder Returns - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, based on a total share count of 97,789,250 shares after accounting for repurchased shares [5]. - The total cash dividend for the year amounts to 19,557,850 CNY, representing 31.59% of the net profit attributable to shareholders of the listed company for 2024 [183]. - The company distributed a cash dividend of 3.00 CNY per 10 shares, totaling 29,544,470.10 CNY (including tax) for the 2023 fiscal year [178]. - For the first three quarters of 2024, the company plans to distribute a cash dividend of 1.00 CNY per 10 shares, totaling 9,778,925 CNY (including tax) [179]. Corporate Governance - The company held one annual and one extraordinary shareholders' meeting during the reporting period, discussing major issues such as profit distribution and related transactions [140]. - The board of directors consists of 7 members, including 3 independent directors, and held 7 meetings to review significant matters like profit distribution and share repurchase [141]. - The supervisory board held 7 meetings during the reporting period to effectively supervise the board and senior management [142]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring a complete and independent business system [147]. - The company has established an independent financial accounting system and does not share bank accounts with its controlling shareholder [148]. - The company respects the rights of stakeholders, including creditors, suppliers, customers, and employees, and actively engages in communication with them [145]. Market and Industry Insights - The internet and related services industry in China saw a slight decline in revenue, with a 0.1% decrease to ¥18,049 billion in 2024 [35]. - R&D expenditure in the industry grew by 2.8% to ¥995.7 billion, indicating a focus on technological innovation despite profit pressures [35]. - The automotive aftermarket in China is projected to reach a total scale of RMB 1.9 trillion by 2025, with an average compound growth rate of 5% from 2022 to 2025 [39]. - The average age of passenger cars in China is expected to increase from 6.1 years in 2021 to 7.1 years by 2024, indicating a significant aging trend in the vehicle population [38]. - The number of vehicles in China is forecasted to reach 353 million by the end of 2024, with the number of drivers increasing to 506 million [36]. Strategic Initiatives - The company aims to enhance personalized and intelligent service levels through digital empowerment and service innovation to meet diverse consumer needs [42]. - The company has established a comprehensive car owner service ecosystem covering various services such as smart parking, driving training, and vehicle maintenance since its business launch in 2012 [50]. - The company is actively expanding into emerging service areas such as data labeling, continuously improving its service matrix [54]. - The company is positioned to leverage growth opportunities in emerging fields such as artificial intelligence and industrial digitalization [35]. - The company aims to deepen its participation in the data element market construction while ensuring compliance, contributing to the development of a digital China [48]. Research and Development - The company has accumulated 39 patents (including 11 invention patents) and 251 software copyrights, showcasing its strong research and development capabilities [55]. - Research and development (R&D) investment amounted to ¥43,265,313.81, representing 3.58% of operating revenue, a slight decrease from 3.73% in 2023 [82]. - The number of R&D personnel increased to 224, up by 7.69% from 208 in 2023, although the proportion of R&D staff to total employees decreased from 9.41% to 7.72% [81]. - The company is developing a big data-based intelligent life service system aimed at enhancing service intelligence and product competitiveness [79]. - A new AI Agent-based decision-making platform has been developed, achieving efficient and transparent decision services, set to launch in January 2024 [80]. Operational Efficiency - The company plans to implement new operational strategies to improve efficiency, aiming for a 5% reduction in operational costs by the end of 2024 [157]. - The management team emphasizes talent development and strategic market insights to maintain competitive advantages in a challenging economic environment [59]. - The company aims to enhance management efficiency through digital means and strengthen talent development by recruiting high-end professionals with large enterprise management experience [135]. - A risk prevention mechanism will be established, including a risk warning indicator system and regular performance evaluations to ensure efficient operations and risk control during rapid growth [135]. Employee and Talent Management - The total number of employees at the end of the reporting period is 2,901, with 1,186 in the parent company and 1,715 in major subsidiaries [174]. - The company has established a talent reserve pool and a talent cultivation plan to meet the demand for mid-to-senior management personnel [176]. - The company maintains a competitive salary structure based on market conditions and employee contributions [175]. - The company has a comprehensive training program for new and existing employees to enhance their skills and efficiency [176]. Compliance and Risk Management - The company has implemented measures to continuously optimize internal control processes to ensure compliance and operational efficiency [184]. - The internal control evaluation report indicates that 100% of the total assets and operating income of the evaluated units were included in the company's consolidated financial statements [186]. - The company is focused on ensuring compliance with regulatory requirements set by the China Securities Regulatory Commission [171]. - The company has emphasized the importance of diligent work and thorough discussions in its committee meetings [172].