FJDB(SH:600693) Zheng Quan Shi Bao Wang·2025-04-12 05:07Core Viewpoint - Dongbai Group reported strong financial performance for the fiscal year 2024, driven by a dual strategy of retail and logistics, showcasing resilience against economic cycles [2] Group 1: Financial Performance - The company achieved an operating income of 1.816 billion yuan and a net profit attributable to shareholders of 43.4872 million yuan, marking a year-on-year growth of 24.09% [2] - The total assets reached 14.809 billion yuan, indicating robust asset management [2] - The retail segment generated 1.560 billion yuan in revenue, with a gross profit increase of 63 million yuan, reflecting a 7.74% year-on-year growth [2] Group 2: Logistics Development - The logistics segment has become a significant growth driver, with a revenue of 138 million yuan, representing a 39.17% increase year-on-year [2] - Dongbai Group has secured a total of 18 logistics projects, covering approximately 1.8 million square meters of building area and 2.02 million square meters of land area [3] - The company has successfully exited 7 logistics projects, totaling around 700,000 square meters, with buyers including Blackstone Group and Link REIT [3][4] Group 3: Asset Management and REITs Strategy - The company is focusing on asset securitization and advancing a light-asset strategy, responding to the growing public REITs market [5][6] - Dongbai Group is collaborating with domestic and international funds to explore asset securitization opportunities, aiming to enhance liquidity and optimize asset structure [6] - The company plans to implement a real estate asset support plan using logistics projects as underlying assets, aligning with its light-asset operational strategy [6]