Jiayou International(SH:603871) Zheng Quan Zhi Xing·2025-08-26 16:35Core Viewpoint - The company has implemented a "Quality Improvement and Efficiency Enhancement" action plan for 2024, aiming to optimize business structure and enhance competitive advantages in various international markets, achieving record operational performance [1] Group 1: Business Strategy and Development - The company focuses on enhancing cross-border logistics business models, particularly in the Mongolia-China corridor, by establishing equity investments and long-term coal cooperation with Mongolian Mining Corporation, thereby expanding supply chain trade [2] - In Africa, the company has developed a cross-border logistics service network through strategic investments in key border ports, enhancing logistics capabilities and operational efficiency [2] - The company leverages the Horgos port as a key trade channel to Central Asia, optimizing logistics resource allocation to meet growing freight demand in the region [2] Group 2: Investor Relations and Returns - The company has maintained a stable cash dividend policy since its listing in 2018, with cumulative cash dividends exceeding 2 billion yuan and a consistent payout ratio above 40% over the past six years [3] - In 2023-2024, the company repurchased shares worth approximately 149.97 million yuan for employee stock ownership plans, enhancing investor returns [3] Group 3: Digital Transformation and Data Utilization - The company has achieved comprehensive digitalization across various business models, implementing an integrated ERP management system and enhancing operational efficiency through data analysis [4] - The company has applied for 11 new software copyrights in 2024, indicating a commitment to technological advancement [4] Group 4: Corporate Governance - The company has established a governance structure involving shareholders, the board of directors, and management, ensuring clear responsibilities and effective checks and balances [5] - The company is actively reforming its independent director system and enhancing the role of independent directors in decision-making processes [5][6] - The company continues to implement an employee stock ownership plan in 2024, covering over a hundred key personnel to boost motivation and support high-quality development [6]