*ST金一(002721) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥372,740,331.84, a decrease of 75.25% compared to ¥1,506,190,724.73 in 2023[21]. - The net profit attributable to shareholders for 2024 was ¥14,539,687.88, down 97.81% from ¥665,229,590.72 in 2023[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥8,548,172.89, an improvement of 98.77% from -¥693,053,845.13 in 2023[21]. - The net cash flow from operating activities was -¥111,538,392.10, a significant decline of 1,050.73% compared to -¥9,692,829.64 in 2023[21]. - Basic and diluted earnings per share for 2024 were both ¥0.0055, a decrease of 99.10% from ¥0.6100 in 2023[21]. - The weighted average return on equity for 2024 was 0.70%, an increase of 27.95% from -27.25% in 2023[21]. - The company's net assets attributable to shareholders increased to ¥2,089,442,642.86, representing a growth of 1.79% compared to ¥2,052,693,073.95 from the previous year[22]. - Total revenue for 2024 was ¥372,740,331.84, a significant decrease of 75.8% from ¥1,506,190,724.73 in 2023[22]. - The jewelry industry accounted for 100% of the operating revenue, with jewelry sales generating CNY 338.73 million, down 25.92% year-on-year[56]. - Retail sales represented 97.76% of total sales, totaling CNY 364.40 million, a decline of 21.34% from the previous year[56]. Business Operations - The company has not reported any changes in its main business since its listing[20]. - The actual controller of the company remains the Haidian District Government's State-owned Assets Supervision and Administration Commission[20]. - The company operates under the brands "Jinyi," "Yuewang Jewelry," and "Yuewang Ancient Method Gold," focusing on high-quality gold jewelry design and sales[31]. - The company has adjusted its production and operational strategies in response to the overall weak demand in the gold jewelry market[30]. - The company is undergoing a strategic transformation from the traditional gold and jewelry sector to the software information field, having signed a share transfer agreement for the acquisition of a software company in March 2025[53]. - The company plans to transition its main business from gold and jewelry retail to software and information technology services by 2025[82]. - The company aims to enhance its software information service capabilities, focusing on AI and large model technology development[83]. Sales and Market Trends - The gold consumption in China decreased by 9.58% year-on-year to 985.31 tons in 2024, with gold jewelry consumption dropping by 24.69%[30]. - The company experienced a significant increase in gold bar sales due to heightened demand for gold as a safe-haven asset amid geopolitical tensions[30]. - The average gold price remained high in 2024, impacting retail sales negatively and leading to an increase in store turnover rates[32]. - The company reported a total of 25,740 units of finished products purchased, accounting for 18.08% of the production model, while 116,667 units were outsourced for processing, representing 81.92%[42]. - The retail sales revenue reached 36,439.98 million yuan with a gross margin of 22.63%, while consignment sales generated 830.17 million yuan with a gross margin of 16.44%[43]. - The company closed 12 direct stores in 2024, which collectively generated 2,234.18 million yuan in revenue prior to closure[47]. - The company is focusing on optimizing its operations and reducing costs by closing unprofitable stores and enhancing the quality of its retail locations[52]. Governance and Management - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts[4]. - The company integrates party organization advantages into its management, improving operational efficiency and brand reputation[50]. - The company has established a comprehensive governance structure that includes a board of directors, supervisory board, and various committees to ensure effective oversight[94]. - The company has committed to a shareholder return plan for the next three years (2024-2026) during the annual meeting[104]. - The company has a complete and independent employee management system, ensuring that all personnel are contracted directly with the company[100]. - The company has actively engaged with stakeholders to balance interests and promote sustainable development[96]. - The company has a structured governance framework with specialized committees to support its operational and strategic objectives[108]. Financial Management - The company has established an independent financial department with a complete accounting system, ensuring financial operations are separate from the controlling shareholder[103]. - The company has committed to maintaining independent financial management and decision-making processes[156]. - The company ensures that its assets are independently owned and operated, with no illegal occupation by other enterprises[156]. - The company has a structured approach to governance, ensuring compliance with regulatory requirements[117]. - The company has implemented measures to reduce carbon emissions, although specific details were not disclosed[145]. - The company maintained timely, accurate, and complete information disclosure, ensuring transparency and stability for investors[148]. Related Party Transactions - The company reported a procurement transaction with a related party, purchasing gold jewelry at a market price of 155.5 million yuan, representing 0.04% of similar transactions[169]. - The company engaged in a related party transaction involving the sale of jewelry products, with a transaction amount of 366.1 million yuan, accounting for 0.58% of similar transactions[170]. - The company plans to continue its related party transactions in 2024, with a focus on maintaining market price agreements for procurement and sales[169]. Employee Management - The company reported a total of 359 employees at the end of the reporting period, with 275 in sales, 21 in finance, and 4 in technical roles[132]. - The company has implemented a training program combining online and offline methods to meet the skill development needs of employees[134]. - The company has a total of 11 employees with postgraduate degrees and 42 with bachelor's degrees[132]. Risks and Compliance - The company faces risks related to fluctuations in raw material prices and market competition in the gold and jewelry sector[87]. - The company has no significant issues reported in its internal control evaluation[131]. - The company has not faced any administrative penalties related to environmental issues during the reporting period, adhering to environmental protection laws and regulations[145]. - The company has fulfilled its commitments regarding the avoidance of conflicts of interest and ensuring fair transactions with related parties[155].