全面释放全链路降本潜力 韵达股份发布2024年报告

Core Viewpoint - Yunda Holdings reported a revenue of 48.543 billion yuan for 2024, marking a year-on-year increase of 7.92%, with a net profit of 1.643 billion yuan, up 18.26% from the previous year, indicating strong operational performance and effective cost management [1][6] Financial Performance - The company achieved a net cash flow from operating activities of 5.087 billion yuan, a significant increase of 50.18% year-on-year [1][6] - The net asset scale reached 20.467 billion yuan, reflecting a growth of 6.79% [1][6] - The total expenses decreased by 13.9% to 1.978 billion yuan, with the cost per package dropping to 0.08 yuan, a reduction of 31.7% [6] Operational Efficiency - The gross margin for the express delivery business improved to 9.3%, an increase of 0.77 percentage points year-on-year [2] - The company optimized its operational network by establishing 939 grid warehouses and 322 efficient collection warehouses, enhancing operational efficiency [4] - The utilization rate of capacity increased significantly due to a rise in business volume, leading to scale and marginal cost effects [2][4] Strategic Focus - Yunda Holdings is focusing on building a cost-leading advantage through refined management and digital empowerment, with key areas of focus being "strong network, digital intelligence, cost control, and expense reduction" for 2024 [2] - The company has established a comprehensive service network covering all 31 provinces and municipalities in China, with a 100% coverage rate in cities above the prefecture level [3] Technological Advancement - The company is actively integrating AI and unmanned technologies into its operations, aiming to enhance efficiency and reduce costs [7][8] - Yunda has implemented a multi-layered technology strategy, "1+N+AI," to leverage digital capabilities and improve logistics quality [8][9] Market Expansion - The demand for rural express services is expanding, with the company increasing its coverage in county and town networks to over 99.6% and 99.8%, respectively [5] - Yunda has added 1,084 new town outlets, significantly extending its service range in rural areas [5]