杭叉集团:2024年年度报告(英文版)

Stock code: 603298 Company name: Hangcha Group
Hangcha Group Co., Ltd.
2024 Annual Report
April 2025

Important Notes
1. The Board of Directors and the Board of Supervisors of the Company and its directors,
supervisors and senior management hereby warrant that the information contained in this
annual report is true, accurate and complete without any fictitious records, misleading
statements or material omissions, and severally and jointly assume legal responsibility thereof.
2. All the directors of the Company attended the meeting of the Board of Directors.
3. Pan-China Certified Public Accountants LLP (Special General Partnership) has issued a
standard unqualified audit report for the Company.
4. Zhao Limin, the person in charge of the Company, Zhang Shutong, the officer in charge of
accounting work and Yuan Guanghui , the officer in charge of the accounting institution
(Accounting Officer), hereby declare and warrant that the financial statements in the annual
report are authentic, accurate, and complete.
5. The profit distribution plan or the plan for converting public reserve funds into additional
share capital for the reporting period after consideration by the Board of Directors
According to the Pan-China Audit [2025] No. 5468 issued by Pan-China Certified Public Accountants
LLP (Special General Partnership), the consolidated financial statements of the Company showed
operating revenue of RMB16,485,830,318.58 as of December 31, 2024, and net profit attributable to
shareholders of the listed company of RMB2,022,025,698.99. In 2024, the company made a provision of
RMB95,232,251.25 for statutory surplus reserves, and no provision was made for discretionary surplus
reserves. Of which, the profit available for distribution by the parent company was
RMB5,758,885,171.56. As resolved by the Board of Directors, the profit distribution plan is as follows:
1. The Company intends to pay a cash dividend of RMB5 (tax inclusive) per 10 shares to all
shareholders. As of December 31, 2024, based on the total share capital of 1,309,812,049 shares of the
Company, the total cash dividend amount to be distributed is RMB654,906,024.50 (tax inclusive). The
proportion of cash dividend is 32.39% of the net profit attributable to the parent company of the
Company for the year. The remaining undistributed profits of the parent company, amounting to
RMB5,103,979,147.06, are carried over to the following year.
2. No bonus shares will be issued, nor will the capital reserve be converted into share capital this year.
If there is any change in the total share capital of the Company during the period from the date of
disclosure of this announcement to the record date of the equity distribution, the distribution per share
will be remained unchanged with a corresponding adjustment to the total distribution amount.
The profit distribution plan is yet to be submitted to the Company's 2024 Annual General Meeting for
consideration.
6. Risk statement regarding forward-looking statements
Applicable "□ Not applicable"
Prospective statements carried in this report, such as future plans, do not constitute any substantial
commitments of the Company to investors. Please be cautious to the investment risks.
7. Whether there is any non-operating capital occupation by the controlling shareholder and
any other related party
No

8. Whether there is any external guarantee provided in violation of the prescribed
decision-making procedures
No
9. Whether there are more than half of the directors who cannot guarantee the authenticity,
accuracy and completeness of the annual report disclosed by the Company
No
10. Significant risk statement
The Report has described the significant risks that may adversely affect the future development of the
Company and the realization of its business objectives in detail in "Section III Management Discussion
and Analysis”. Apart from this, there are no other significant risks that the Company needs to disclose
separately.
11. Other
"□ Applicable" N/A

Table of Contents

Chapter 1 Definitions......5
Chapter 2 Company Profile and Key Financial Indicators...... 9
Chapter 3 Management Discussion and Analysis......14
Chapter 4 Corporate Governance......55
Chapter 5 Environment and Social Responsibility...... 83
Chapter 6 Important Matters......99
Chapter 7 Share Changes and Shareholder Information......124
Chapter 8 Information Related to Preferred Shares......131
Chapter 9 Bond-Related Information......131
Chapter 10 Financial Reporting......132
Financial statements signed and sealed by the legal representative of the Company, the
Documents officer in charge of accounting work and the officer in charge of the accounting institution.
for Future II. Original Audit Report bearing the seal of the accounting firm and signatures of the CPAs
Reference