SZAP(SZ:000061)2025-04-28 15:50Dividend Distribution - The company plans to distribute a cash dividend of 0.70 CNY per 10 shares to all shareholders, based on a total share capital of 1,696,964,131 shares[3]. - The board meeting that approved the profit distribution plan was the 26th meeting of the 9th board of directors[3]. - The proposed cash dividend is CNY 0.70 per share (including tax), totaling CNY 118,787,489.17, based on a total share capital of 1,696,964,131 shares[191]. - The total distributable profit available for distribution is CNY 1,412,792,132.19, with the cash dividend amounting to 100% of the total profit distribution[190]. - The company has a cash dividend policy that stipulates at least 20% of the distributable profit should be distributed in cash annually, with a cumulative distribution of at least 30% over the last three years[184]. Financial Performance - The company reported a significant increase in revenue, with a year-over-year growth of 15% in the last quarter[12]. - The company's operating revenue for 2024 reached ¥5,628,090,809.91, representing a 2.51% increase compared to ¥5,490,136,004.90 in 2023[19]. - Net profit attributable to shareholders decreased by 14.43% to ¥384,174,497.11 in 2024 from ¥448,938,961.24 in 2023[20]. - The total profit amounted to 807 million yuan, reflecting a slight increase of 0.15% year-on-year[61]. - The company reported a total profit of CNY 806,612,284.78 for the fiscal year 2024, with a net profit attributable to shareholders of CNY 384,174,497.11[191]. Market Expansion and Strategy - The company is considering strategic acquisitions to enhance its supply chain efficiency, with a budget of $30 million allocated for potential mergers[12]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 5%[12]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 100 million allocated for potential deals[156]. - The company is focusing on the construction of new projects in Chengdu, Shanghai, Guangzhou, and Changsha to enhance its market presence[121]. - The company is actively developing cold chain logistics infrastructure, including regional cold chain logistics bases and third-party logistics services[42]. Operational Efficiency and Cost Management - The gross margin improved to 25%, up from 22% in the previous year, indicating better cost management[12]. - The company aims to reduce operational costs by 5% through efficiency improvements in the supply chain[158]. - The management team has implemented new strategies to improve operational efficiency, targeting a 10% reduction in costs by the end of the fiscal year[165]. - The company is focusing on reducing costs and improving profitability in response to fluctuations in agricultural product market prices[130]. Research and Development - The company is investing in new technology development, allocating $10 million for R&D in the upcoming year[12]. - The company is investing 50 million in R&D for new technologies aimed at enhancing user experience[154]. - R&D investment increased by 6.38% to ¥14,621,662.92 in 2024 from ¥13,745,056.40 in 2023[81]. - The company has established a comprehensive talent development system, focusing on optimizing training and mentorship to enhance core competitiveness[54]. Internal Control and Governance - There are no significant internal control deficiencies reported for the company[3]. - The company has established a comprehensive internal control system to enhance risk management and compliance with regulations[195]. - The internal control self-assessment report indicates that the total assets of the evaluated units account for 100% of the company's consolidated financial statement assets[197]. - The company maintains a robust internal control environment with no reported deficiencies, ensuring compliance and accuracy in financial reporting[197]. Investor Relations and Communication - The company emphasizes investor relations management, ensuring high standards of information disclosure and proactive communication with investors[131]. - The company is actively engaging with investors through various communication methods, including on-site research and performance briefings[125]. - The board of directors has approved a new performance management system aimed at aligning executive compensation with company performance metrics[165]. - The company has conducted several temporary shareholder meetings with participation rates ranging from 73.3909% to 74.8807%[139]. Agricultural Product Circulation Industry - The agricultural product circulation industry is experiencing a shift towards quality improvement, with the number of markets with transaction volumes exceeding 100 million decreasing from 1,019 in 2013 to 728 in 2023[35]. - The company is focusing on integrating resources across the entire agricultural product supply chain to enhance competitiveness in the market[38]. - The government is prioritizing the construction of agricultural product circulation systems, with plans to improve cold chain logistics and support the establishment of distribution centers[39]. - The agricultural product circulation industry is facing increasing competition and the need for modernization, with a focus on integrating new technologies such as AI and blockchain[117]. Employee Management and Development - The total number of employees at the end of the reporting period is 4,838, with 3,271 holding a college degree or above[178]. - The company emphasizes talent development through a structured training program, including specialized training on topics like AI applications and corporate law[181]. - The company has established a "mentorship" mechanism to enhance collaboration and capabilities among various levels of talent[181]. - The company has a total of 183 employees with a doctoral or master's degree, reflecting a commitment to higher education within its workforce[179].