今世缘(603369) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥11,544,389,358.58, representing a 14.32% increase compared to ¥10,097,984,227.52 in 2023[23] - The net profit attributable to shareholders for 2024 was ¥3,411,925,268.61, an increase of 8.80% from ¥3,136,042,999.78 in 2023[23] - The net profit after deducting non-recurring gains and losses was ¥3,380,091,543.47, up 7.80% from ¥3,135,563,707.33 in the previous year[23] - The cash flow from operating activities for 2024 was ¥2,866,715,490.03, a slight increase of 2.37% from ¥2,800,318,233.10 in 2023[23] - The total assets at the end of 2024 amounted to ¥24,221,898,385.69, reflecting an 11.98% increase from ¥21,630,647,731.29 at the end of 2023[23] - The net assets attributable to shareholders increased by 16.31% to ¥15,453,651,528.39 from ¥13,286,816,788.29 in 2023[23] - The basic earnings per share for 2024 was ¥2.7365, an increase of 8.79% compared to ¥2.5153 in 2023[24] - The weighted average return on net assets decreased to 23.74% from 25.92% in the previous year, a decline of 2.18 percentage points[25] Market Expansion and Strategy - The company achieved significant market expansion, particularly in Jiangsu province, with continuous growth in key markets such as Nanjing and Huai'an[34] - The company launched initiatives like "Brand Value Enhancement Year" and "Distributor Optimization Year" to strengthen market control and marketing capabilities[34] - The company plans to expand its market presence through a combination of direct sales and e-commerce partnerships, enhancing its distribution strategy[72] - The number of distributors increased from 1,061 to 1,228 during the reporting period, representing a growth of 15.73%[77] - The company plans to enhance brand management and optimize brand expenses, focusing on the "V" series products to increase market penetration in the Yangtze River Delta region[92] Research and Development - The company applied for 16 invention patents during the year, with 5 granted and 3 utility model patents authorized[35] - The company established partnerships with several universities and research institutes to enhance its research and development capabilities[43] - The total R&D expenditure was 48,781,589.06 yuan, accounting for 0.42% of total revenue[58] - The company plans to continue its focus on R&D, with several projects recognized for their international leading technology level[45] - Research and development investments have increased by 30%, focusing on innovative technologies in the beverage sector[114] Environmental and Social Responsibility - The company has invested 72.77 million yuan in environmental protection during the reporting period[149] - The company has a wastewater discharge limit of 25.49 tons for CODcr, with actual discharge at 11.98 tons, indicating compliance with environmental standards[150] - The company has implemented a new wastewater treatment facility at the southern plant with a design capacity of 4,000 tons/day, currently processing about 1,000 tons/day[154] - The company has donated CNY 450 million to the Jiangsu Jinshiyuan Poverty Alleviation Foundation for rural revitalization efforts[164] - The company has invested CNY 2,080.25 million in social responsibility initiatives, including donations for public welfare projects[163] Corporate Governance - The company adheres to strict governance practices, ensuring compliance with relevant laws and regulations, and maintaining transparent communication with shareholders[103] - The company held 7 board meetings during the reporting period, approving 31 proposals without any rejections[104] - The supervisory board conducted 4 meetings, passing 13 proposals, also with no rejections[105] - The company has established a strategic committee to oversee long-term planning and initiatives[124] - The company has a remuneration and assessment committee to review executive compensation proposals[124] Financial Management - The total amount of entrusted financial management is 53 million for public fund products, 47.5 million for trust financial products, 35 million for brokerage financial products, and 160 million for bank financial products[176] - The company has a total of 126 million in other entrusted financial management, all of which is still outstanding[176] - The company has no plans for future entrusted financial management[177] - The company has a projected return of 2.02% for its internal bank funding pool, amounting to 10,000 million for the period ending in 2024[180] - The company plans to enhance its product offerings by developing new financial instruments and expanding its asset management capabilities[178] Risks and Challenges - The company is facing macroeconomic risks that may impact consumer purchasing power and demand for liquor products due to economic fluctuations[98] - Changes in consumer preferences towards healthier drinking options may lead to a decline in demand for traditional liquor products, posing a risk to the company's market position[98] - The company is experiencing intensified market competition, particularly in the Jiangsu market, which is crucial for its sales performance[98] - The company emphasizes the importance of effective decision-making and organizational strength to avoid risks associated with operational missteps[99] - The company has established a comprehensive environmental protection system to mitigate risks related to waste management and compliance with environmental regulations[99] Employee Management - The company added 849 new employees during the reporting period, bringing the total number of employees to 5,230 by the end of 2024[35] - The total number of employees at the parent company and major subsidiaries is 5,230, with 2,970 at the parent company and 2,260 at subsidiaries[131] - The company has implemented a training plan focusing on talent development and skills enhancement, with a structured course system and online learning platform[133] - The company’s remuneration policy has been optimized to align with strategic goals and market conditions, enhancing performance management and incentive systems[132] - The company is implementing a "3333" talent strategy to attract high-quality talent, focusing on high-education and high-skill individuals, and providing development opportunities for promising employees[94]