TSPC(000554)2025-04-24 14:20Financial Performance - The company's operating revenue for 2024 was CNY 3,305,615,445.20, a decrease of 9.22% compared to CNY 3,641,277,758.17 in 2023[18]. - Net profit attributable to shareholders for 2024 reached CNY 99,329,469.15, representing a significant increase of 184.72% from CNY 34,886,564.34 in 2023[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 108,192,810.61, up 169.27% from CNY 40,179,566.58 in the previous year[18]. - The net cash flow from operating activities surged to CNY 381,997,790.59, marking a 609.15% increase from CNY 53,866,812.31 in 2023[18]. - Basic earnings per share for 2024 were CNY 0.2066, an increase of 184.57% compared to CNY 0.0726 in 2023[18]. - The company's total operating revenue for the commodity circulation industry was CNY 3,305,615,444, a decrease of 9.22% compared to the same period last year[35]. - The company reported a total revenue of 4,300 million, with a significant increase compared to the previous period[141]. Assets and Liabilities - Total assets at the end of 2024 amounted to CNY 1,885,978,423.29, reflecting a growth of 5.17% from CNY 1,793,289,575.32 at the end of 2023[18]. - The company's equity attributable to shareholders rose to CNY 1,033,577,279.63, up from CNY 955,114,352.74, reflecting an increase of approximately 8.2%[200]. - Total liabilities amounted to CNY 847,688,681.95, slightly up from CNY 834,494,894.22, indicating a growth of around 6.1%[200]. - Current liabilities increased to CNY 716,664,001.44 from CNY 681,514,441.04, representing a rise of approximately 5.2%[200]. - Non-current liabilities decreased to CNY 131,024,680.51 from CNY 152,980,453.18, showing a decline of about 14%[200]. Revenue Sources - Gasoline sales accounted for 71.96% of total revenue in 2024, totaling CNY 2,378,671,219.7, down 6.18% from the previous year[34]. - Diesel sales saw a significant decline of 22.15%, contributing CNY 780,759,323.66, which represented 23.62% of total revenue[34]. - The company reported a total of 38.23 million tons of refined oil sales volume in 2024[28]. Cash Flow and Investments - The company's cash flow from operating activities for 2024 was CNY 38,199.78 million, while cash flow from investing activities was -CNY 8,202.02 million[32]. - The total cash inflow from operating activities was CNY 3,764,743,046.57, a decrease of 10.23% compared to the previous year, while the net cash flow from operating activities increased by 609.15% to CNY 381,997,790.59[44][46]. - The net cash outflow from investment activities was CNY -82,020,171.16, a decrease of 99.13% compared to the previous year[45]. Shareholder Information - The company plans to distribute a cash dividend of CNY 0.84 per 10 shares, based on a total of 480,793,318 shares[5]. - The total cash dividend distributed amounted to RMB 50,002,505.07, with a per-share dividend of RMB 1.04 (including tax) for every 10 shares[109]. - The actual profit available for distribution to shareholders at the end of 2024 is RMB 233,590,964.75[111]. - The proposed profit distribution plan for 2024 is a cash dividend of RMB 0.84 per 10 shares, totaling RMB 40,386,638.71, which does not include stock dividends[111]. Corporate Governance - The company emphasizes transparency in information disclosure, ensuring timely and accurate communication with investors[74]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[72]. - The company has established a governance structure in compliance with relevant laws and regulations, ensuring effective decision-making and management systems[71]. - The company has implemented a performance evaluation and incentive mechanism in place to enhance employee motivation and align interests with shareholders[74]. Risk Management and Compliance - The company has disclosed potential risks and countermeasures in its future development outlook, ensuring transparency for investors[4]. - The internal control system has been revised to enhance risk management and compliance, with no significant defects identified in the design and execution of internal controls for 2024[114]. - The internal control evaluation report indicates that all major aspects of financial reporting internal controls are effective as of December 31, 2024[119]. Employee and Social Responsibility - The company has implemented a training program to enhance employee skills, focusing on leadership and new energy skills[106]. - The company actively implements social responsibility initiatives, including protecting shareholder interests and engaging in public welfare activities[122]. - The company participates in poverty alleviation and rural revitalization efforts, contributing to social equity and harmony[123]. Future Outlook and Strategy - The company is actively pursuing low-carbon transformation initiatives, including the operation of two LNG refueling stations[30]. - The company plans to solidify its energy business while accelerating the transition to new energy sources, establishing a "first growth curve" in oil and a "second growth curve" in new energy[59]. - The company is focused on expanding its electric power business and optimizing charging networks as part of its transformation strategy[63].