格隆汇8月15日丨齐屹科技(01739.HK)宣布，董事会会议将于2025年8月28日（星期四）举行，藉以（其 中包括）考虑及批准本公司及其附属公司截至2025年6月30日止六个月的中期业绩及其发布，并考虑派 付中期股息（如有）。 ...

鄧華金 齊屹科技（開 曼）有限公司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈，董 事 會會議將於2025年8月28日（星 期 四）舉 行，藉 以（其 中 包 括）考慮及批准本公司及 其附屬公司截至2025年6月30日 止 六 個 月 之 中 期 業 績 及 其 發 佈，並 考 慮 派 付 中 期股息（如 有）。 承董事會命 齊屹科技（開 曼）有限公司 主席兼首席執行官 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 Qeeka Home (Cayman) Inc. 齊屹科技（開 曼）有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1739） 董事會會議通告 中 國 上 海，2025年8月15日 於 本 公 告 日 期，董 事 會 包 括 執 行 董 事 鄧 華 金 先 生、田 原 先 生 及 孫 傑 女 士； 非執行董事周偉先生、趙貴 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 齊屹科技(開曼)有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01739 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | USD | | 0.0001 USD | | 200,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 2,000,000,000 | USD | | 0.0001 USD | | 200,000 | 本月底法定/註冊股本總額： USD 20 ...

机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，媒体及娱乐行业市盈率（TTM）平均值为-14.73倍，行业中值-1.55倍。齐屹科技市盈 率-1.67倍，行业排名第94位；其他华视集团控股（01111.HK）为2.26倍、耀星科技集团（08446.HK） 为3.16倍、微博-SW（09898.HK）为7.06倍、PICO FAR EAST（00752.HK）为8.44倍、新华文轩 （00811.HK）为8.53倍。 资料显示，齐屹科技(开曼)有限公司(01739.HK,国内运营主体为齐家网)正式成立于2007年,2018年7月12 日在香港交易所主板上市,成为家装垂直平台第一股。齐屹科技是中国最大的装企SaaS服务平台之一,公 司通过基于SaaS的整体解决方案,向装企提供营销、供应链集采及创新增值服务,公司还经营数个知名的 室内设计及装饰品牌,并向用户提供装修资金保障和第三方监理等服务。自成立以来,公司秉承"赋能装企 数字化升级,提升装修产业效能"的愿景,以提升行业效率和用户体验为己任,不断创新发展,打造融合线上 线下的家装新模式,为用户提供线上线下一体化、全流程、高效率的优质家装服务。公司 ...

Financial Performance - The company's audited revenue for the year ended December 31, 2024, was RMB 1,055.6 million, a decrease of 11.1% compared to RMB 1,186.99 million in 2023[9]. - The gross profit for the same period was RMB 413.0 million, down 16.6% from RMB 495.5 million, resulting in a gross margin of 39.1%[9]. - The net loss attributable to equity holders of the company was RMB 127.0 million, compared to a loss of RMB 96.9 million in the previous year[9]. - Total revenue decreased by 11.1% to RMB 1,055.6 million for the year ended December 31, 2024, compared to RMB 1,187.0 million in 2023[28]. - SaaS and marketing services revenue fell by 20.2% to RMB 333.7 million, driven by a reduction in sales leads from 794,761 to 633,769[30]. - Revenue from the interior design and construction business decreased by 8.8% to RMB 665.2 million, down from RMB 729.7 million in the previous year[31]. - The company reported an adjusted net loss attributable to equity holders of RMB 93.9 million, compared to a loss of RMB 36.0 million in the prior year[23]. Sales and Marketing - The number of sales leads decreased to 633,769, a decline of 20.3% from 794,761 in 2023[10]. - Revenue from SaaS and marketing services was RMB 333.7 million, down 20.2% year-on-year, primarily due to the reduction in sales leads[16]. - The average revenue per sales lead for SaaS and marketing services remained stable at RMB 527, slightly up from RMB 526 in 2023[10]. Cost Management - The company continues to implement cost-saving strategies to support its operations during this economic cycle[17]. - Sales costs decreased by 7.1% from RMB 691.5 million to RMB 642.6 million, mainly due to reduced costs in the interior design and construction business[34]. - Selling and marketing expenses decreased by 3.0% from RMB 430.0 million to RMB 417.1 million, reflecting efforts in cost control and efficiency improvement[39]. - Administrative expenses decreased by 15.3% from RMB 75.9 million to RMB 64.3 million, primarily due to reduced wages and benefits[40]. - Research and development expenses decreased by 24.0% from RMB 37.1 million to RMB 28.2 million, mainly due to a reduction in wages and benefits[41]. Cash Flow and Financial Position - Cash and cash equivalents stood at RMB 119.2 million, with time deposits of RMB 745.9 million and restricted cash of RMB 82.7 million as of December 31, 2024[23]. - The net cash used in operating activities for the year ended December 31, 2024, was RMB 66.3 million, an improvement from RMB 247.4 million in the previous year[51]. - The net cash generated from investing activities was RMB 73.6 million, primarily due to the sale of financial assets valued at RMB 182.6 million[53]. - The net cash used in financing activities was RMB 148.9 million, mainly due to loan repayments of RMB 217.6 million[54]. - Accounts receivable and other receivables increased by 27.4% to RMB 219.3 million as of December 31, 2024, from RMB 172.2 million as of December 31, 2023[55]. - Accounts payable and other payables rose by 37.2% to RMB 574.0 million as of December 31, 2024, from RMB 418.3 million as of December 31, 2023[56]. - Total borrowings decreased by 49.6% to RMB 107.1 million as of December 31, 2024, from RMB 212.8 million as of December 31, 2023[57]. - The company's leverage ratio was 12.1% as of December 31, 2024, down from 20.6% as of December 31, 2023[60]. Governance and Management - The company adheres to strict corporate governance principles, promoting high ethical standards, transparency, and accountability to strengthen shareholder trust[95]. - The board consists of nine directors, including three independent non-executive directors, ensuring a diverse range of business experience and expertise[98]. - The roles of Chairman and CEO are currently held by Mr. Deng Huajin, which the board believes ensures consistent internal leadership and effective strategic planning[99]. - The company has established procedures for the appointment, re-election, and removal of directors, enhancing governance practices[103]. - The board is responsible for strategic planning and major investment decisions, while daily management is delegated to senior management[97]. Risk Management - The company has established a robust, comprehensive, and technology-driven risk management system to effectively manage and mitigate inherent business risks[138]. - The board of directors is responsible for the company's risk management and internal control systems, which are deemed sufficient and effective[140]. - The company has implemented a whistleblowing policy to provide a secure and confidential mechanism for reporting concerns regarding financial reporting and internal controls[141]. - An anti-corruption policy has been established to prevent corruption and bribery within the company, with internal reporting channels available for employees[142]. Environmental, Social, and Governance (ESG) - The company has been publishing its Environmental, Social, and Governance (ESG) reports annually since 2018, addressing stakeholder concerns regarding sustainable development[149]. - The reporting period for the ESG report covers January 1, 2024, to December 31, 2024, encompassing the company's main businesses[150]. - The report is prepared in accordance with the ESG Reporting Guidelines set by the Hong Kong Stock Exchange[151]. - The board emphasizes the importance of ESG performance for the long-term stability and development of the company, establishing an effective ESG governance mechanism[155]. - The company has identified 17 key ESG issues through a substantiality assessment process, prioritizing them based on their importance to stakeholders and alignment with the company's development[163]. Supplier Management - The company has established a robust supplier management system, including strict qualification review and performance evaluation processes to ensure quality control from the source[194]. - The supplier evaluation process includes a comprehensive scoring system based on five dimensions: integrity, sales, orders, delivery, and quality, with regular assessments to ensure compliance and performance[195]. - The company requires suppliers to provide essential qualification documents, such as business licenses and product testing reports, to ensure compliance with standards[195]. - The company focuses on building a sustainable supply chain that strengthens safety and environmental standards[197].

Financial Performance - For the fiscal year ending December 31, 2024, total revenue decreased by 11.1% to RMB 1,055.6 million compared to RMB 1,186.99 million in 2023[5]. - Gross profit for the same period was RMB 413.0 million, down 16.6% from RMB 495.5 million, resulting in a gross margin of 39.1%[5]. - The adjusted net loss attributable to equity holders was RMB 93.9 million, compared to a loss of RMB 36.0 million in 2023[5]. - The net loss attributable to equity holders for the year ending December 31, 2024, was RMB 132.2 million, compared to a net loss of RMB 99.1 million for the year ended December 31, 2023[39]. - The company reported a loss attributable to equity holders of RMB 126,957 thousand for the year ended December 31, 2024, compared to a loss of RMB 96,869 thousand in 2023, representing a 31% increase in losses year-over-year[104]. - The basic loss per share increased from RMB 0.0863 in 2023 to RMB 0.1130 in 2024, reflecting a 31% increase in loss per share[104]. Revenue Breakdown - Revenue from SaaS and marketing services dropped by 20.2% to RMB 333.7 million, primarily due to the reduction in sales leads[10]. - Revenue from the interior design and construction business for 2024 was RMB 665.2 million, a decrease of 8.8% year-on-year[14]. - Revenue from SaaS and marketing services decreased to RMB 333,709 thousand in 2024 from RMB 418,072 thousand in 2023, representing a decline of 20%[90]. - Revenue from interior design and construction services decreased to RMB 665,184 thousand in 2024 from RMB 729,671 thousand in 2023, a drop of 9%[90]. - Revenue from innovation and other services increased to RMB 56,746 thousand in 2024 from RMB 39,251 thousand in 2023, marking a growth of 45%[90]. Operational Efficiency and Cost Management - The company aims to enhance operational efficiency and restore merchant confidence through product optimization[12]. - The company continues to implement cost-saving strategies to support its operations amid economic pressures[8]. - The company aims to enhance operational efficiency and reduce costs by leveraging AI technology in customer service systems and project management[18]. - Selling and marketing expenses decreased by 3.0% from RMB 430.0 million to RMB 417.1 million, reflecting efforts in cost control and efficiency improvement[31]. - Administrative expenses decreased by 15.3% from RMB 75.9 million to RMB 64.3 million, mainly due to reduced salaries and benefits[32]. - Research and development expenses decreased by 24.0% from RMB 37.1 million to RMB 28.2 million, attributed to lower salaries and benefits[33]. User Engagement and Market Trends - The number of recommended users fell to 528,727 from 613,999, indicating a decline in user engagement[11]. - The number of sales leads decreased by 20.3% to 633,769 from 794,761 in the previous year[10]. - The renovation demand for existing homes is expected to grow, driven by urban renewal and quality of life improvements, with over 60% of homes being over ten years old[17]. - The company plans to focus on high-end home furnishing services targeting consumers in second and third-tier cities[14]. Cash Flow and Liquidity - Cash and cash equivalents amounted to RMB 119.2 million, with time deposits at RMB 745.9 million as of December 31, 2024[16]. - Cash and cash equivalents as of December 31, 2024, amounted to RMB 119.2 million, down from RMB 259.6 million as of December 31, 2023, representing a decrease of 54.0%[44]. - The net cash used in operating activities for the year ended December 31, 2024, was RMB 66.3 million, a significant improvement from RMB 247.4 million for the previous year[46]. - The company maintained strong liquidity with total cash and cash equivalents, restricted cash, and time deposits amounting to RMB 947.7 million as of December 31, 2024, compared to RMB 1,039.3 million in 2023[44]. Investments and Financial Assets - Financial assets net impairment losses increased by 152.2% from RMB 9.8 million to RMB 24.7 million, primarily due to higher expected credit losses on receivables and contract assets[34]. - The company recorded a net impairment loss on financial assets of RMB 24,694 thousand in 2024, compared to RMB 9,791 thousand in 2023, indicating a significant increase in impairment losses[113]. - The fair value of financial assets measured at fair value through other comprehensive income decreased from RMB 143,121 thousand in 2023 to RMB 72,481 thousand in 2024, a decline of 49%[109]. Corporate Governance and Management - The company has adopted corporate governance principles to ensure high levels of ethics, transparency, accountability, and integrity[133]. - The chairman and CEO roles are currently held by the same individual, which the board believes enhances internal leadership consistency[134]. - The audit and risk management committee has reviewed the annual performance and confirmed compliance with applicable accounting principles and regulations[137]. Future Outlook and Strategic Initiatives - The company is focused on expanding its SaaS and marketing services, as well as its interior design and construction segments, to drive future growth[86]. - The company has projected a revenue growth of 20% for the next fiscal year, aiming for HKD 1.8 billion[151]. - New product launches are expected to contribute an additional HKD 300 million in revenue over the next year[151]. - The company is considering strategic acquisitions to bolster its market position, with a budget of HKD 500 million allocated for potential deals[151].

Revenue and Profitability - Revenue for the six months ended June 30, 2024, was RMB 580,926 thousand, representing a 16.9% increase from RMB 496,976 thousand in the same period of 2023[8]. - Gross profit for the same period was RMB 215,883 thousand, with a gross margin of 37.2%, down from 50.8% in the previous year[8]. - The net loss attributable to equity holders of the company was RMB (48,663) thousand, a significant increase of 198.1% compared to RMB (16,322) thousand in the prior year[8]. - Adjusted net loss attributable to equity holders was RMB 12.8 million, compared to an adjusted profit of RMB 8.2 million in the prior year[10]. - The company reported a significant increase in cash used in financing activities, amounting to RMB 162,864 thousand, compared to cash inflow of RMB 17,510 thousand in the previous year[90]. - The company incurred a total comprehensive loss of RMB 45,629 thousand for the six months ended June 30, 2024, compared to a total comprehensive loss of RMB 21,297 thousand for the same period in 2023[90]. Sales and User Metrics - The number of sales leads decreased to 338,870 from 437,031 year-over-year[9]. - The number of recommended users also declined to 277,554 from 338,566 in the previous year[9]. - Average revenue per sales lead from SaaS and marketing services was RMB 514, slightly down from RMB 516 in the same period last year[9]. - Revenue from SaaS and marketing services decreased by 22.7% to RMB 174.2 million, primarily due to a reduction in sales leads, which totaled 338,870, down 22.5% from 437,031 in the previous year[11][12]. - Revenue from public renovation services rose by 61.0% to RMB 337.0 million, offsetting a decline in SaaS and marketing services revenue[17]. Cost and Expense Management - Total sales cost rose by 49.2% to RMB 365.0 million, primarily due to the interior design and construction business[21]. - Operating loss for the six months ended June 30, 2024, was RMB 64.4 million, compared to RMB 27.6 million for the same period in 2023[16]. - Sales and marketing expenses as a percentage of revenue decreased from 40.9% for the six months ended June 30, 2023, to 34.8% for the six months ending June 30, 2024, mainly due to a reduction in wages and benefits[30]. - Administrative expenses decreased by 20.4% from RMB 37.7 million for the six months ended June 30, 2023, to RMB 30.0 million for the six months ending June 30, 2024, primarily due to a reduction in wages and benefits[31]. Cash Flow and Financial Position - Cash and cash equivalents amounted to RMB 198.9 million, with time deposits of RMB 684.8 million and restricted cash of RMB 92.0 million as of June 30, 2024[10]. - The net cash generated from operating activities for the six months ended June 30, 2024, was RMB 36.6 million, a significant improvement compared to a net cash used of RMB 29.4 million in the same period of 2023[38]. - The company’s cash and cash equivalents decreased to RMB 198,880 thousand as of June 30, 2024, from RMB 269,773 thousand at the end of the previous year[90]. - Total liabilities as of June 30, 2024, were RMB 801,428 thousand, down from RMB 851,848 thousand at the end of 2023[84]. Strategic Initiatives and Future Outlook - Future outlook includes a focus on expanding user base and enhancing service offerings to improve financial performance[8]. - The company is actively exploring new product development and market expansion strategies to drive growth[8]. - Management emphasized the importance of strategic initiatives to mitigate losses and improve operational efficiency moving forward[8]. - The company is focusing on enhancing user experience through new media marketing strategies, including short videos and live broadcasts[12]. - The company aims to explore more supply chain-related extension businesses to enrich its platform ecosystem[12]. Shareholder Information and Corporate Governance - The company declared an interim dividend of HKD 0.011 per share, totaling approximately HKD 12.6 million, payable on September 30, 2024[16]. - The company has adhered to all principles and code provisions of the corporate governance code during the reporting period, except for the separation of the roles of Chairman and CEO[72]. - The company plans to continue granting share awards to employees to incentivize contributions to growth and development[70]. - The total number of shares held by major shareholders indicates a concentrated ownership structure, with the top five shareholders holding over 88% of the total shares[59]. Investment and Financial Assets - As of June 30, 2024, the company's cash and cash equivalents amounted to RMB 198.9 million, a decrease of 23.4% from RMB 259.6 million as of December 31, 2023[36]. - The company's investment in Guangzhou Bay Crane has shown a performance change with a comprehensive loss of RMB 30.487 million, reflecting a 7.2% decrease[49]. - The company’s financial products had an expected annual return rate of 2.00% to 2.55% for the six months ended June 30, 2024[120]. - The company reported a net impairment gain on financial assets of RMB 689 thousand for the six months ended June 30, 2024[104]. Related Party Transactions - Loans provided to related parties amounted to RMB 250,000 for Mr. Zhang Huaiwei, with no previous loans reported in the same period last year[144]. - Revenue from sales to related parties was RMB 59,000, a decrease of 85.3% compared to RMB 401,000 in the same period last year[145]. - Service income from related parties was RMB 205,000, down 83.6% from RMB 1,250,000 year-on-year[145].

Revenue Performance - Total revenue increased by 16.9% to RMB 580.9 million for the six months ended June 30, 2024, compared to RMB 497.0 million for the same period in 2023[3]. - Revenue contribution from the interior design and construction business increased by 52.2% to RMB 385.4 million, mainly driven by public renovation services which generated RMB 337.0 million, a 61.0% increase[2]. - Revenue from SaaS and marketing services decreased by 22.7% to RMB 174.2 million, primarily due to a 22.5% reduction in the number of sales leads[5]. - The number of sales leads decreased to 338,870, down from 437,031 in the same period last year[5]. - Total revenue rose by 16.9% to RMB 580.9 million, primarily due to a 61.0% increase in public renovation services revenue to RMB 337.0 million[13]. - For the six months ended June 30, 2024, total revenue was RMB 580,926 thousand, an increase from RMB 496,976 thousand for the same period in 2023, representing a growth of approximately 16.8%[68]. Profitability and Losses - Gross profit decreased by 14.4% to RMB 215.9 million, with a gross margin of 37.2%, down from 50.8%[1]. - Net loss attributable to equity holders was RMB 48.7 million, a 198.1% increase from a loss of RMB 16.3 million in the previous year[1]. - Adjusted net loss attributable to equity holders was RMB 12.8 million, compared to a net profit of RMB 8.2 million in the same period last year[9]. - Operating loss for the period was RMB 64.4 million, compared to an operating loss of RMB 27.6 million for the same period in 2023, reflecting a significant increase in losses[55]. - The company reported a loss attributable to equity holders of RMB 48,663 thousand for the six months ended June 30, 2024, compared to a loss of RMB 16,322 thousand for the same period in 2023, representing a significant increase in losses[79]. - The basic loss per share for the six months ended June 30, 2024, was RMB 0.0433, compared to RMB 0.0145 for the same period in 2023, indicating a worsening financial performance[79]. Cash Flow and Liquidity - Cash and cash equivalents amounted to RMB 198.9 million, down from RMB 259.6 million as of December 31, 2023[9]. - The net cash generated from operating activities for the six months ended June 30, 2024, was RMB 36.6 million, compared to a net cash used of RMB 29.4 million for the same period in 2023[37]. - The net cash used in financing activities for the six months ended June 30, 2024, was RMB 162.9 million, contrasting with a net cash generated of RMB 17.5 million in the same period of the previous year[37]. - The total cash and cash equivalents decreased by RMB 64.3 million for the six months ended June 30, 2024, compared to a decrease of RMB 176.0 million for the same period in 2023[37]. - The company maintained a healthy liquidity position as of June 30, 2024, with careful financial management to mitigate liquidity risk[46]. Expenses and Cost Management - Sales costs increased by 49.2% from RMB 244.7 million to RMB 365.0 million, primarily due to the interior design and construction business[18]. - Total operating expenses, including sales and marketing, administrative, and R&D expenses, increased to RMB 238,042 thousand in 2024 from RMB 190,097 thousand in 2023, reflecting an increase of about 25.3%[70]. - Administrative expenses decreased by 20.4% from RMB 37.7 million to RMB 30.0 million, attributed to reduced personnel costs[28]. - Research and development expenses decreased by 21.0% from RMB 19.4 million to RMB 15.3 million, also due to lower personnel costs[29]. Market and Business Strategy - The company aims to enhance user experience and increase new media marketing budget to promote renovation knowledge and recommend interior design services[6]. - The company introduced the "Qi Jia Bao" service to provide professional renovation management, aiming to offer users a worry-free and cost-effective renovation experience[6]. - The company aims to explore more diversified marketing methods to meet consumer renovation needs and enhance operational efficiency for service providers[10]. - The real estate market in China is undergoing a deep adjustment, with a focus on second-hand and existing homes as key areas for attracting consumers[10]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[68]. Investments and Assets - The company holds a significant investment in Guangzhou Haiao Residential Industrial Co., Ltd., representing over 5% of total assets, with a total investment cost of RMB 242.8 million[48]. - As of June 30, 2024, the fair value financial assets amounted to approximately RMB 72.4 million, an increase from RMB 44.0 million as of December 31, 2023, primarily due to an increase in wealth management product investments from RMB 27.3 million to RMB 61.2 million[49][50]. - The company reported a net impairment loss of RMB 689,000 for the six months ended June 30, 2024, compared to a loss of RMB 773,000 in the same period of 2023, showing an improvement in asset quality[86]. Corporate Governance and Compliance - The audit and risk management committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results and confirmed compliance with applicable accounting principles[98]. - The company has adopted corporate governance principles to ensure high standards of ethics, transparency, accountability, and integrity[94]. - The company has committed to ongoing evaluation of its corporate governance practices and will consider separating the roles of chairman and CEO when appropriate[95]. Future Outlook - User data indicates a growth in active users by 20% year-over-year, reaching 2 million active users[106]. - The company has provided a future outlook with a revenue guidance of HKD 1.5 billion for the next six months, reflecting an expected growth of 25%[107]. - New product launches are anticipated to contribute an additional HKD 300 million in revenue, with a focus on innovative home improvement solutions[106]. - The company is exploring potential acquisitions to enhance its service offerings and market reach, with a budget of HKD 500 million allocated for this purpose[106].

Financial Performance - The company's revenue for the year ended December 31, 2023, was RMB 1,186.99 million, representing a 35.5% increase compared to RMB 875.74 million in 2022[8] - The gross profit for the same period was RMB 495.46 million, with a gross margin of 41.7%, down from 54.1% in the previous year[8] - The company's net loss attributable to equity holders was RMB 96.87 million, an improvement from a loss of RMB 126.04 million in the previous year[8] - The adjusted net loss attributable to equity holders was RMB 36.03 million, compared to RMB 64.18 million in 2022[8] - The total revenue increased by 35.5% from RMB 875.7 million in 2022 to RMB 1,187.0 million in 2023, primarily due to the recovery of business operations, especially in the interior design and construction sector[27] - The operating loss decreased from RMB 158.7 million in 2022 to RMB 110.0 million in 2023, reflecting improved operational efficiency[25] - Net loss attributable to equity holders was RMB 99.1 million for the year ended December 31, 2023, compared to a net loss of RMB 140.3 million for the year ended December 31, 2022[53] - Adjusted net loss attributable to equity holders was RMB 36.0 million for the year ended December 31, 2023, primarily due to the net profit from core business offsetting the net loss from the indoor design and construction business[54] Revenue Breakdown - Revenue from SaaS and marketing services decreased by 12.5% to RMB 418.1 million, primarily due to a drop in average revenue per sales lead from RMB 697 to RMB 526[18] - The interior design and construction business grew significantly, contributing RMB 729.7 million to revenue, a 111.4% increase year-on-year[15] - The self-operated decoration business achieved a contract value of RMB 997.2 million in 2023, a significant increase of 201.0% compared to RMB 331.3 million in 2022[20] - The revenue from the "Jumei" brand, which provides customized services for real estate developers and commercial public decoration, increased by 121.2% from RMB 284.0 million in 2022 to RMB 628.3 million in 2023[31] - The revenue from the SaaS and marketing services business decreased by 12.5% from RMB 477.9 million in 2022 to RMB 418.1 million in 2023, attributed to a decline in average revenue per sales lead from RMB 697 to RMB 526[29] - The interior design and construction revenue surged by 111.4% from RMB 345.2 million in 2022 to RMB 729.7 million in 2023[30] Cost Management - The company continues to implement cost-reduction strategies to mitigate operational losses amid market fluctuations[15] - Sales cost increased by 72.1% from RMB 401.8 million for the year ended December 31, 2022, to RMB 691.5 million for the year ended December 31, 2023, primarily driven by the indoor design and construction business[34] - The cost of the SaaS and marketing services business decreased by 50.4% from RMB 21.9 million for the year ended December 31, 2022, to RMB 10.9 million for the year ended December 31, 2023, mainly due to reduced operating service costs[35] - Administrative expenses decreased by 13.4% from RMB 87.7 million for the year ended December 31, 2022, to RMB 75.9 million for the year ended December 31, 2023, mainly due to reduced salaries and benefits[45] - R&D expenses decreased by 14.7% from RMB 43.6 million for the year ended December 31, 2022, to RMB 37.1 million for the year ended December 31, 2023, primarily due to reduced salaries and benefits[46] Cash Flow and Liquidity - As of December 31, 2023, cash and cash equivalents amounted to RMB 259.6 million, a decrease of 41.6% from RMB 445.4 million as of December 31, 2022[58] - Net cash used in operating activities for the year ended December 31, 2023, was RMB 247.4 million, primarily due to a pre-tax loss of RMB 94.9 million[61] - Net cash used in investing activities was RMB 56.5 million, mainly from the sale of financial assets at fair value amounting to RMB 408.2 million[62] - Net cash generated from financing activities was RMB 117.6 million, primarily due to borrowings of RMB 222.6 million[63] - The company maintained a strong liquidity position with total cash and cash equivalents, restricted cash, and time deposits of approximately RMB 1,039.3 million as of December 31, 2023[58] - The company adopted a prudent financial management approach to maintain a healthy liquidity status as of December 31, 2023[69] Investments and Financial Assets - As of December 31, 2023, the company holds a significant investment in Guangzhou Haiao Residential Industrial Co., Ltd., with an investment cost of RMB 242.834 million and a carrying value of RMB 158.086 million, representing 6.15% of the company's total assets[71] - The performance of the investment in Haiao has shown a loss of RMB 18.007 million, with an impairment provision of RMB 53.216 million, indicating a decline in expected future profitability[73] - The company's financial assets measured at fair value through profit or loss decreased by 44.8% from RMB 71.2 million as of December 31, 2022, to approximately RMB 44.0 million as of December 31, 2023[74] - The company's liquid financial assets, including wealth management products, decreased from RMB 49.403 million in 2022 to RMB 27.282 million in 2023, reflecting a strategic shift towards lower-risk fixed deposits[75] - Long-term investments accounted for using the equity method decreased from RMB 233.102 million in 2022 to RMB 162.024 million in 2023, primarily due to a decline in the fair value of the invested companies[76] Corporate Governance - The company has a strong board of directors with diverse expertise, including independent directors with backgrounds in law, finance, and technology[94][96][99] - The board consists of nine directors, including three independent non-executive directors, ensuring a diverse range of business experience and expertise[108] - The company maintains strict corporate governance principles to enhance transparency and accountability to shareholders[104] - The roles of chairman and CEO are currently held by the same individual, which the board believes ensures effective leadership and strategic planning[110] - Independent non-executive directors confirm their independence, with at least one possessing appropriate professional qualifications in accounting or finance[111] - All directors are required to retire at least every three years, ensuring regular re-election and accountability[112] - The board has established effective mechanisms to ensure independent viewpoints and compliance with applicable laws and regulations[116] - The company has established a clear process for the appointment and re-election of directors, ensuring governance compliance[114] - The board confirmed compliance with the standard code of conduct for securities trading during the reporting period[117] Risk Management - The company has established a robust, comprehensive, and technology-driven risk management system to effectively manage and mitigate inherent risks in its operations[149] - The board of directors is responsible for the risk management and internal control systems, which are regularly reviewed for effectiveness[151] - In 2023, the company conducted a review of its risk management and internal control systems, with findings reported to the risk management committee and the board[150] - The company has implemented a whistleblowing policy to provide a safe and confidential mechanism for reporting concerns regarding financial reporting and internal controls[152] - An anti-corruption policy has been established to prevent corruption and bribery within the company, with internal reporting channels available for employees[153] ESG Commitment - The company has committed to publishing its Environmental, Social, and Governance (ESG) report annually since 2018, reflecting its sustainable development performance[162] - The reporting period for the ESG report covers January 1, 2023, to December 31, 2023, and includes the company's main business areas[163] - The report is prepared in accordance with the ESG reporting guidelines set by the Hong Kong Stock Exchange[164] - The board emphasizes the importance of ESG performance for the long-term stability and development of the company, establishing an effective ESG governance mechanism[168] - The company has identified 17 key ESG issues through stakeholder engagement and materiality assessment, prioritizing them based on their significance to stakeholders and the company's development[176] - The ESG governance structure consists of a three-tier system involving the board, management, and an ESG working group, enhancing the effectiveness of ESG oversight[170] - The company actively engages with stakeholders through various communication mechanisms to align its sustainable development strategies with stakeholder expectations[172] - The company has received multiple honors for its efforts in green innovation, social responsibility, and industry transformation, reflecting its commitment to high-quality service and industry standards[183] Employee and Board Diversity - As of December 31, 2023, the company had a total of 6,491 employees, with 339 female employees, representing 52.2% of the workforce[143] - The company’s senior management consists of four members, all of whom are male, resulting in a 0% female representation[143] - The company’s board diversity policy considers various factors, including gender, race, language, cultural background, education, and industry experience[142] - The company has adopted a diversity policy, aiming to appoint at least one female director by the end of 2024, as there were no female representatives on the board as of December 31, 2023[143] Strategic Initiatives - The company is actively pursuing new strategies for market expansion and product development to drive future growth[100] - The company has been expanding its market presence and product offerings, focusing on innovative business lines and digital solutions[100] - The company has successfully transitioned from an e-commerce platform to a SaaS-enabled solution platform, enhancing its digital transformation capabilities for merchants[100] - The company emphasizes high-quality design and renovation services, leveraging big data and AI to tailor design solutions to consumer needs[193] - The company is committed to providing integrated, high-efficiency home decoration services, ensuring user rights and enhancing user experience[192]

Equity and Financial Position - The equity attributable to the company's equity holders as of December 31, 2023, is RMB 1,031,673,000, a decrease of 12.8% from RMB 1,183,775,000 as of December 31, 2022[5] - The total equity as of December 31, 2023, is RMB 1,018,437,000, down from RMB 1,170,533,000 in the previous year, reflecting a decline of 13.0%[5] - The company's accumulated losses increased to RMB 890,881,000 as of December 31, 2023, compared to RMB 794,012,000 in the prior year, indicating a rise of 12.2%[5] - The company's share premium decreased to RMB 2,224,710,000 from RMB 2,254,288,000, representing a reduction of 1.3%[5] - Other reserves showed a decline, moving from RMB (241,275,000) to RMB (267,342,000), which is an increase in negative reserves of 10.8%[5] - The company reported a slight decrease in treasury shares, from RMB (35,987,000) to RMB (35,575,000), a reduction of 1.2%[5] - The non-controlling interests remained relatively stable, with a minor decrease from RMB (13,242,000) to RMB (13,236,000)[5] Reporting and Announcements - The company plans to disclose the adjusted consolidated financial statements in its annual report, which will be published in accordance with listing rules[8] - The annual performance announcement was made on March 26, 2024, covering the fiscal year ending December 31, 2023[7] - The company clarified a correction regarding the equity attributable to equity holders due to a typographical error in the annual performance announcement[2]