Financial Performance - The group's operating revenue for the year 2024 was approximately RMB 7,200,338 thousand, a decrease of about RMB 26,893 thousand compared to 2023[4]. - The net profit attributable to shareholders of the parent company for 2024 was approximately RMB 236,508 thousand, an increase of RMB 34,620 thousand or 17% compared to 2023[4]. - Basic and diluted earnings per share for 2024 were RMB 0.30, an increase of RMB 0.05 per share or 17% compared to 2023[4]. - The total operating costs for 2024 were RMB 7,337,298,365.24, compared to RMB 7,366,936,804.42 in 2023[10]. - The operating profit for 2024 was RMB 309,438,267.04, an increase from RMB 295,796,749.74 in 2023[10]. - Net profit for 2024 reached approximately 213.83 million in 2023[12]. - Total comprehensive income for 2024 was approximately 220.15 million in 2023, indicating a growth of 3.1%[12]. - The company reported a total of RMB 343,125,834.79 in other income for 2024, compared to RMB 362,142,659.89 in 2023[10]. - The company recorded a total cash outflow related to leases of RMB 305,709,516.10 in 2024, down from RMB 384,622,352.98 in 2023, indicating a decrease of about 20.5%[77]. - The company achieved a gross profit of RMB 649,950 thousand, an increase of RMB 3,170 thousand or approximately 0.49% compared to RMB 646,780 thousand in 2023, with a gross margin of 9.03%[107]. Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 8,724,059,777.83, compared to RMB 8,603,368,305.61 as of December 31, 2023[5][6]. - Total liabilities as of December 31, 2024, were RMB 6,118,199,172.56, an increase from RMB 5,986,462,949.38 as of December 31, 2023[6]. - The total equity attributable to shareholders of the parent company was RMB 2,086,139,750.36 as of December 31, 2024, compared to RMB 1,914,431,505.37 as of December 31, 2023[8]. - The total amount of accounts payable due within one year increased to RMB 468,885,160.18 from RMB 326,983,018.81 in 2023, a rise of 43.3%[53]. - The overdue short-term borrowings as of December 31, 2024, stood at RMB 100,130,000.00, with an overdue interest rate ranging from 6.53% to 7.65%[51]. - Long-term borrowings decreased to RMB 522,995,173.22 as of December 31, 2024, down from RMB 984,736,205.01 in 2023, representing a reduction of 46.9%[55]. Investments and Expenses - Research and development expenses for 2024 were RMB 5,492,718.04, down from RMB 7,044,729.80 in 2023[10]. - The company has not made any significant changes to important accounting estimates during the year[20]. - The financial expenses for the year amounted to RMB 199,981,978.64, an increase from RMB 180,284,878.30 in 2023, marking an increase of 10.9%[61]. - Investment income from equity method accounted long-term investments decreased from 77.03 million in 2024, a decline of about 10.2%[64]. - Total credit impairment losses decreased significantly from 5.06 million in 2024, a reduction of approximately 72.5%[64]. Operational Developments - The company managed 226 gas stations by the end of 2024, including 112 self-operated stations, which indicates a strategic expansion in the energy sector[86]. - The group achieved a total fuel sales volume of 284,900 tons, with a year-on-year increase of 52% in fuel sales to major customers, totaling over 36,000 tons[88]. - The company aims to enhance its energy business by expanding its gas station network and promoting clean energy initiatives, aligning with its strategic goals for growth[86]. - The company has implemented eight major quality improvement actions to drive transformation and enhance operational efficiency in response to market trends[85]. - The company plans to reduce the workforce in the passenger transport sector by 25.34% in 2024 to align with operational scale[95]. Governance and Compliance - The company held its 2023 Annual General Meeting on June 28, 2024, and the first special general meeting on July 30, 2024, with all executive directors and independent non-executive directors present, ensuring comprehensive understanding of shareholder opinions[149]. - The Audit and Corporate Governance Committee reviewed the company's audited financial statements for the year ending December 31, 2024, and recommended their adoption by the board[157]. - The company has adopted the standard code of conduct for securities trading by directors and supervisors, confirming compliance for the year ending December 31, 2024[151]. - The company has no significant contingent liabilities as of December 31, 2024[135]. - The company is committed to promoting gender diversity among employees and has implemented flexible working arrangements for those needing to care for family[165].
粤运交通(03399) - 2024 - 年度业绩