C&D INC.(SH:600153) Quan Jing Wang·2025-04-15 03:24Core Viewpoint - The company reported a revenue of 701.296 billion yuan and a net profit of 2.946 billion yuan for 2024, with a comparable net profit decrease of 17.75% after excluding restructuring gains from Meikailong [1] Group 1: Business Performance - The company achieved a total asset value of 767.867 billion yuan and a net asset value of 228.158 billion yuan by the end of 2024 [1] - The company’s supply chain operations focus on a "professionalization" strategy, integrating logistics, information, finance, and commerce through its "LIFT" supply chain service model [1][2] - The operating volume of major commodities exceeded 220 million tons in 2024, with significant growth in steel (over 70 million tons, up over 15%), agricultural products (over 35 million tons, up over 8.5%), and pulp and paper (over 15 million tons, up over 10%) [2] Group 2: Strategic Initiatives - The company strengthened resource acquisition and deepened cooperation with major clients, achieving over 20% growth in collaboration with state-owned and large private steel mills and over 48% growth with international mining suppliers [3] - The company is enhancing its financial capabilities by applying futures derivatives tools across over 60 product categories, helping clients stabilize commodity price fluctuations [4] Group 3: Global Expansion - The company is actively expanding its overseas business, with over 50 overseas companies and offices established, and an overseas business scale exceeding 10 billion USD, up approximately 12% [5] - The company has increased its logistics capabilities by adding 112 overseas logistics suppliers and 141 new overseas warehouse locations, focusing on Africa and Southeast Asia [6] Group 4: Digital Transformation - The company is developing a digital supply chain service system, leveraging advanced technologies such as AI, big data, and cloud computing to enhance operational efficiency [7][8] - The company has introduced AI-driven tools to improve automation and intelligence in supply chain operations, aiming to enhance decision-making efficiency and optimize procurement processes [8]