上海雅仕2024年营收翻倍，净利润增长334%，供应链执行贸易成关键驱动力

Core Insights - Shanghai Yashi (603329) reported a significant increase in total revenue for 2024, reaching 5.032 billion yuan, a year-on-year growth of 99.70%, while net profit attributable to the parent company was 42.4671 million yuan, up 334.31% [1] - Despite the revenue growth, the company's non-recurring net profit decreased by 16.86% quarter-on-quarter, indicating instability in profitability [1] Supply Chain Logistics Performance - The supply chain logistics business faced challenges, with revenue declining to 1.280 billion yuan, a year-on-year decrease of 16.66% [4] - The multimodal transport segment performed well, generating 940 million yuan in revenue, a growth of 11.54%, becoming a core support for the logistics segment [4] - Revenue from third-party logistics services plummeted by 50.98%, primarily due to core clients restructuring their business and reduced demand, compounded by shrinking international market demand and intensified domestic competition [4] Supply Chain Execution Trade Growth - Supply chain execution trade emerged as a key growth driver for Shanghai Yashi, achieving revenue of 3.734 billion yuan, a remarkable year-on-year increase of 285.41% [5] - This growth was largely attributed to the injection of bulk trade businesses such as coal and copper rods from the controlling shareholder [5] - In traditional segments, sulfur business revenue reached 382 million yuan, up 15.31%, with a gross margin increase to 11.32%, contributing significantly to overall gross profit growth [5] Risk Control and Organizational Optimization - The company continued to enhance its risk control system in 2024, establishing a compliance framework that supports sustainable business development [6] - Through standardized bidding processes and supplier management, the company effectively reduced procurement costs and risks [6] - Organizational structure optimization and flat management reforms were implemented, improving operational efficiency and achieving cost reduction goals [6]