Hefei Dept(SZ:000417) Shang Hai Zheng Quan Bao·2025-04-24 23:55Core Viewpoint - The company has reported a revenue increase of 5.2% year-on-year, reaching approximately 703.57 million yuan, with a significant focus on retail and agricultural product trading sectors [3][6][9]. Company Overview - The company operates primarily in the retail and agricultural product trading sectors, with a total of 252 physical stores across various cities in Anhui Province, establishing itself as a retail leader in the region [3][6]. - The retail business includes department stores, home appliances, supermarket chains, e-commerce, and wholesale trade, while the agricultural product trading is managed through subsidiaries [3][6]. Financial Performance - The company's net profit attributable to shareholders decreased due to the absence of a one-time compensation received in the previous year, but the adjusted net profit, excluding non-recurring items, increased by 19.46% to approximately 136.73 million yuan [9]. - The profit distribution plan for 2024 proposes a cash dividend of 1.1 yuan per 10 shares, totaling approximately 85.79 million yuan, which represents 45.02% of the net profit attributable to shareholders [19][90]. Industry Context - In 2024, China's GDP reached 134.9 trillion yuan, growing by 5%, with retail sales of consumer goods totaling 48.8 trillion yuan, marking a 3.5% increase from the previous year [6][8]. - The retail industry is undergoing significant transformation driven by digitalization, changing consumer behaviors, and intensified competition, with new business models such as live streaming and instant retail gaining traction [7][8]. Company Achievements - The company has entered the top ten of China's retail hundred rankings and received multiple accolades, including being recognized as a "Chinese Time-honored Brand" and a "National 5A Logistics Enterprise" [8].