Core Viewpoint - The annual report of Debon Logistics Co., Ltd. for 2024 highlights the company's financial performance, profit distribution plan, and the logistics industry's growth, emphasizing the importance of logistics in supporting economic development and the company's strategic initiatives to enhance service offerings and operational efficiency [1][6][13]. Financial Performance - The net profit attributable to the parent company for 2024 is RMB 860,603,601.89, with undistributed profits at RMB 5,019,756,822.43 as of December 31, 2024 [3][5]. - The proposed cash dividend is RMB 0.144 per share, totaling RMB 146,853,415.87, which represents 17.06% of the annual net profit [3][4]. Industry Overview - The logistics industry is a fundamental sector closely correlated with macroeconomic growth, with China's logistics total costs reaching RMB 19.0 trillion in 2024, a 4.1% increase year-on-year [6][7]. - The ratio of social logistics costs to GDP has decreased to 14.1%, indicating improved operational efficiency within the logistics sector [7][13]. Business Segments - The express delivery business generated revenue of RMB 21.92 billion in 2024, a decrease of 19.67%, while the fast delivery business achieved RMB 364.60 billion, reflecting a growth of 12.95% [19][18]. - The company has expanded its international business, covering over 220 countries and regions, with a comprehensive product layout that includes various logistics services [20]. Strategic Initiatives - The company is focusing on enhancing its service offerings through product innovation and upgrading service quality to meet diverse customer needs [18][21]. - The logistics industry is undergoing reforms aimed at reducing costs and improving efficiency, with government policies targeting a reduction in logistics costs as a percentage of GDP to 13.5% by 2027 [14][15].