DEPPON(SH:603056)2024-04-29 10:35Group 1: Financial Performance - In 2023, the company's operating revenue reached 36.279 billion, a year-on-year increase of 15.6% [2] - The net profit attributable to shareholders for 2023 was 746 million, up 13.3% year-on-year [2] - In Q1 2024, the operating revenue was 9.295 billion, showing a year-on-year growth of 25.3% [3] Group 2: Operational Efficiency - The company improved its full-process fulfillment rate by approximately 15 percentage points and reduced the damage rate by about 16% in 2023 [2] - Customer complaints decreased by approximately 11% year-on-year [2] - In Q1 2024, the net profit attributable to shareholders was 93 million, a year-on-year increase of 27.7% [3] Group 3: Cash Flow and Investments - The net cash inflow from operating activities in 2023 was 3.267 billion, a decrease of 9% year-on-year [2] - By the end of 2023, the company's cash and cash equivalents amounted to 2.85 billion, an increase of approximately 1.4 billion compared to the beginning of the year [2] - In Q1 2024, the net cash flow from operating activities was 1.046 billion [4] Group 4: Cost Management - Operating expenses increased by 5.9% year-on-year, lower than the revenue growth rate [4] - Transportation costs saw a significant year-on-year increase, primarily due to the network integration project [3] - Rental costs increased by 22% due to the integration of over 80 transfer centers [3] Group 5: Strategic Initiatives - The company began integrating JD Logistics' transfer centers in August 2023, focusing on management and resource integration [4] - Future capital expenditures are expected to increase due to the integration of automated equipment and transportation vehicles [4] - The company aims to enhance shareholder returns by considering increasing dividend payouts as operational performance improves [5]