Core Viewpoint - Yushen Co., Ltd. reported a revenue of 1.04 billion yuan for 2024, marking a year-on-year growth of 4.59%, while net profit attributable to shareholders reached 81.57 million yuan, up 31.17% [1] Logistics Business - The logistics segment showed strong performance in 2024, driven by multimodal transport and direct delivery services, generating revenue of 755 million yuan [4] - The multimodal transport business integrated various transportation resources, allowing for quick response to customer needs and providing door-to-door services [4] - The direct delivery business leveraged the company's own fleet and geographical advantages, enhancing customer stability and loyalty, particularly in the aluminum logistics sector [4] Warehousing Business - The warehousing segment achieved remarkable growth, with revenue reaching 275 million yuan, a year-on-year increase of 54.95%, and a gross margin of 59.37% [5] - The company offers comprehensive warehousing services for various bulk commodities, including aluminum, copper, and industrial silicon [5] Infrastructure and Partnerships - The company has established multiple warehousing centers in key regions, facilitating efficient logistics operations and transportation connections [6] - Long-term partnerships with major futures exchanges enhance the company's capabilities in commodity futures and spot conversion [6] Cash Flow and Financial Health - Despite revenue and profit growth, the net cash flow from operating activities decreased by 1.26%, indicating pressure on cash flow management [7] - The company's debt-to-asset ratio increased to 48.08%, up 5.50 percentage points from the previous year, suggesting rising financial risk [7] - Research and development investment was only 2.93 million yuan, accounting for 0.28% of revenue, which may impact long-term competitiveness [7]
炬申股份2024年财报：净利润增长31.17%，但现金流下降1.26%