HAI TIAN(603288) 经济观察网·2025-04-08 03:32Core Viewpoint - Despite a significant decline in market capitalization, the company reported strong financial performance in 2024, indicating resilience in its core business operations [1][2]. Financial Performance - In 2024, the company achieved an operating revenue of 26.901 billion yuan, representing a year-on-year growth of 8.93% [2]. - The net profit attributable to shareholders was 6.344 billion yuan, up 12.75% year-on-year [2]. - The net assets attributable to shareholders reached 30.895 billion yuan, reflecting an 8.29% increase [2]. - The overall net profit margin was 23.63%, an increase of 0.65% compared to the previous year [2]. Revenue Breakdown - Soy sauce remained the most significant revenue contributor, generating 13.758 billion yuan, accounting for 51.14% of total revenue [3]. - Oyster sauce was the second-largest category with a revenue of 4.615 billion yuan, representing 17.16% of total revenue [3]. - Other categories generated 4.086 billion yuan, making up 15.19% of total revenue, with the highest growth rate of 16.75% year-on-year [3]. International Expansion - The company is accelerating its overseas market expansion, although the current overseas revenue proportion is still low [3]. - Other business income primarily includes sales of by-products and logistics services, with overseas sales conducted mainly through third-party distributors [3]. Regulatory Changes - The new "zero additives" regulation is seen as beneficial for industry standardization, and the company supports compliance with these new policies [4][5]. - The company plans to adapt its product offerings to meet the new standards while exploring new differentiation strategies [5]. Executive Compensation - The chairman's salary reached 9.1348 million yuan in 2024, a year-on-year increase of over 26%, marking the highest recorded salary in the company's history [5]. - Executive compensation is determined based on company performance, individual contributions, and responsibilities [5].