SLC(SH:603648)2025-04-27 08:15Financial Performance - The company's operating revenue for 2024 was CNY 1,519,466,185.22, a decrease of 6.90% compared to CNY 1,632,029,212.32 in 2023[21] - The net profit attributable to shareholders for 2024 was CNY 130,898,217.07, down 14.51% from CNY 153,121,365.07 in 2023[21] - The basic earnings per share for 2024 were CNY 0.3612, a decrease of 14.51% compared to CNY 0.4225 in 2023[22] - The total profit for 2024 decreased by 7.58% year-on-year, indicating a decline in profitability[44] - The net profit attributable to shareholders, excluding non-recurring gains and losses, increased by 3.71% compared to the previous year[44] Assets and Liabilities - The net assets attributable to shareholders at the end of 2024 were CNY 1,848,070,111.84, reflecting a slight increase of 0.24% from CNY 1,843,675,285.39 at the end of 2023[21] - The total assets at the end of 2024 amounted to CNY 2,569,470,141.73, representing a growth of 2.23% from CNY 2,513,537,911.66 in 2023[21] - The company's cash and cash equivalents increased by 53.93% to ¥326,121,516.72, compared to ¥211,858,153.49 in the previous period[57] - The company's inventory decreased by 68.23% to ¥22,026,244.68, down from ¥69,332,571.82 in the previous period[57] - The company's total foreign assets amounted to ¥23,724,025.40, representing 0.92% of total assets[62] Cash Flow - The cash flow from operating activities for 2024 was CNY 254,122,755.87, down 22.71% from CNY 328,789,126.84 in 2023[21] - The net cash flow from operating activities decreased by 22.71% to ¥254,122,755.87, reflecting challenges in cash generation[45] - The company reported a net cash flow from operating activities of CNY 83.02 million in the first quarter, but a negative cash flow of CNY 6.84 million in the third quarter[24] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 3.0 per 10 shares, totaling CNY 108,723,840.00, which accounts for 83.06% of the net profit attributable to shareholders for 2024[6] - The cumulative cash dividend amount over the last three accounting years is 362,412,800.00 RMB, with an average net profit of 148,697,604.32 RMB, resulting in a cash dividend ratio of 280.71%[131] Research and Development - Research and development expenses decreased by 33.35% to ¥28,543,854.81, primarily due to a reduction in ongoing R&D projects[45] - The total R&D expenditure was CNY 28.54 million, accounting for 1.88% of operating revenue[53] - The company had 171 R&D personnel, representing 10.73% of the total workforce[54] Business Strategy and Market Position - The company has focused on enhancing its core competitiveness and expanding its business segments, particularly in the medical and consumer goods sectors, which have shown significant growth[28] - The company aims to provide comprehensive supply chain solutions, covering all aspects from procurement to delivery, thereby improving operational efficiency and reducing costs for clients[30] - The company is exploring opportunities in cross-border e-commerce and smart warehousing to improve operational efficiency[74] - The company plans to enhance its logistics and trade services, focusing on digital transformation and smart logistics solutions[71] Governance and Compliance - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with governance regulations and protecting shareholder rights[96] - The supervisory board comprises 5 members, including 2 employee representatives, focusing on maintaining the interests of the company and its shareholders through strict oversight[97] - The company actively fulfills its information disclosure obligations, ensuring clarity and compliance with relevant regulations, with no misleading statements or omissions reported[98] Environmental and Social Responsibility - The company has invested 331.85 million RMB in environmental protection during the reporting period[136] - The company has installed solar photovoltaic systems with a total capacity of 1,445.25 KW, generating an annual output of 485,000 KWh, contributing to significant environmental benefits[138] Audit and Financial Reporting - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2024, in accordance with accounting standards[188] - The auditor's goal is to obtain reasonable assurance that the financial statements are free from material misstatement due to fraud or error[198] - The auditor evaluates the appropriateness of accounting policies and estimates made by management[200] Future Outlook and Risks - The company anticipates global economic growth to slow, with the IMF projecting a 3.3% growth rate for 2025, below the historical average of 3.7%[84][86] - The company faces risks from declining business from its core client, Apple, whose revenue contribution has decreased from 31.88% in 2020 to an expected 22.56% in 2024[88] - The company is gradually cultivating domestic demand for lean supply chain management services by serving well-known foreign enterprises and prominent domestic export-oriented companies, despite inherent risks in promoting this emerging business model[89]