Core Viewpoint - The company held its annual performance briefing for 2024, highlighting its operational achievements and future strategies, while addressing various investor inquiries regarding growth plans, market challenges, and financial performance. Group 1: Financial Performance - In 2024, the company achieved a revenue of 20.584 billion yuan, representing a year-on-year increase of 37.97% [26] - The net profit attributable to shareholders was 1.953 billion yuan, up 69.34% year-on-year, with a net profit excluding non-recurring gains and losses of 1.937 billion yuan, increasing by 79.29% [26] - The company plans to distribute a cash dividend of 794 million yuan, with a payout ratio of 40.63% [20] Group 2: Operational Strategies - The company is focusing on enhancing its logistics capabilities by expanding its fleet and optimizing route networks to address capacity shortages [2] - In 2024, the company increased its research and development investment to 24.5971 million yuan, focusing on projects like the upgrade of its portal website and AI-based cargo inspection systems [21] - The company is actively exploring new technologies in air cargo, including drone delivery and new cargo handling equipment [19] Group 3: Market Position and Growth - The company reported a 48.16% increase in revenue from its air cargo service segment, driven by strong international export demand and declining oil prices [21] - The company has expanded its international routes, including new direct cargo flights to cities like Riyadh and Budapest, enhancing its market presence [30] - The company holds a 9.19% market share in China's international air cargo market, an increase of 0.90 percentage points from the previous year [42] Group 4: Challenges and Responses - The company is closely monitoring the impact of U.S. tariff policies on its operations, acknowledging the uncertainty these policies bring [62][63] - The company is implementing measures to control costs, particularly in fuel and labor, to mitigate the impact of fluctuating oil prices and market competition [41] - The company recognizes the challenges posed by global trade policy uncertainties and is enhancing its operational resilience through capacity optimization and technological innovation [40] Group 5: Sustainability and Innovation - The company is committed to sustainable practices, having implemented measures that saved approximately 4,320 tons of fuel and reduced CO2 emissions by 13,608 tons in 2024 [50] - The company is actively participating in industry standards development, enhancing its influence within the sector [51] - The company aims to leverage digitalization and automation to improve operational efficiency and customer service [10][26]
国货航2024年度业绩说明会问答实录