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慧居科技(02481) - 2023 - 年度业绩
2024-03-22 13:27
Financial Performance - The company's revenue for the year ended December 31, 2023, was approximately RMB 1,534.0 million, an increase of about 6.3% compared to RMB 1,443.7 million in the same period last year[7]. - Gross profit for the same period was approximately RMB 394.2 million, representing a significant increase of about 32.8% from RMB 296.9 million year-on-year[7]. - Profit attributable to the owners of the company was approximately RMB 149.0 million, up about 54.5% from RMB 96.4 million in the previous year[7]. - The operating profit for the year was RMB 298.9 million, up from RMB 230.5 million in the previous year[49]. - The company's gross margin improved to 25.7% from 20.6% in the previous year, primarily due to increased heating prices and reduced sales costs[24]. - The company's net profit attributable to shareholders for the reporting period was approximately RMB 226.8 million, an increase of about 61.6% compared to RMB 140.4 million in the same period last year, driven by increased revenue and reduced sales costs[85]. - The company's profit attributable to owners for the year ended December 31, 2023, was RMB 148,980,000, an increase of 54.5% compared to RMB 96,431,000 for 2022[128]. Revenue Sources - Revenue from heating and thermal distribution services was approximately RMB 922.4 million, up from RMB 853.5 million in the previous year, driven by an increase in actual heating service area and local government price subsidies[13]. - Revenue from heating-related engineering construction services was RMB 285.3 million, accounting for 97.5% of total engineering service revenue, which decreased from RMB 301.6 million in the previous year[16]. - Other business income decreased to RMB 36.7 million from RMB 40.2 million in the previous year, primarily due to a reduction in sales of heating service facilities[18]. - Customer contract revenue from heating and thermal distribution services was RMB 1,103,360 thousand, up from RMB 1,015,218 thousand in 2022, showing an increase of approximately 8.7%[99]. Customer and Service Expansion - The total actual heating service area as of December 31, 2023, was approximately 47.4 million square meters, an increase of 13.1% from approximately 41.9 million square meters as of December 31, 2022[13]. - The number of heating service customers increased to approximately 427,031 as of December 31, 2023, compared to 303,900 customers a year earlier[13]. - The company has seven franchised heating service projects, with 50% of the pipeline construction for the Baotou project completed by December 31, 2023[12]. Costs and Expenses - The total cost of sales decreased by 0.6% to approximately RMB 1,140.0 million from RMB 1,146.9 million in the previous year[51]. - Other net losses for the reporting period amounted to approximately RMB 5.1 million, a 41.9% increase from RMB 3.6 million in the same period last year, mainly due to foreign exchange losses[27]. - Financial costs for the reporting period were approximately RMB 50.4 million, a decrease of about 40.1% from approximately RMB 84.1 million in the same period last year, mainly due to lower loan interest rates[57]. - Administrative expenses increased by 25.5%, rising from approximately RMB 1,396 million to about RMB 1,752 million, mainly due to increased employee benefits and higher business entertainment expenses from marketing activities[199]. Dividends and Shareholder Returns - The board has proposed a final dividend of RMB 0.15 per share for the year ended December 31, 2023, subject to approval at the upcoming annual general meeting, totaling approximately RMB 45.24 million[7]. - The company reported no dividends paid or declared for the year ending December 31, 2023, consistent with 2022[107]. - The company plans to propose a final dividend of RMB 0.15 per share for the year ending December 31, 2023, subject to shareholder approval, totaling approximately RMB 45,240,000[111]. Assets and Liabilities - The company's total assets as of December 31, 2023, were RMB 5,796.96 million, compared to RMB 5,244.23 million as of December 31, 2022[63]. - The company's total equity as of December 31, 2023, was RMB 1,299.01 million, an increase from RMB 922.56 million as of December 31, 2022[64]. - The total liabilities as of December 31, 2023, amounted to RMB 1,043,407 thousand, an increase from RMB 976,277 thousand in 2022, representing a growth of approximately 6.9%[104]. - Trade receivables within one year decreased to RMB 374,903,000 in 2023 from RMB 434,000,000 in 2022, while trade receivables from one to two years increased significantly to RMB 103,575,000 from RMB 52,158,000[130]. Future Plans and Investments - The company plans to focus on market expansion and the establishment of a heating technology center at the Carbon Neutrality Central Research Institute in 2024[60]. - The company plans to establish a heating technology center at the Carbon Neutrality Central Research Institute in 2024, focusing on the development of carbon-neutral heating technologies[88]. - The group intends to increase research and development investment to support the market expansion of its heating services[88]. - The company expects the market size for engineering construction services focused on heating facilities to grow to RMB 70.8 billion by 2027[36]. Corporate Governance - The company has adopted a corporate governance code and continuously reviews and enhances internal controls and procedures in response to regulatory changes[117]. - The company has established an audit committee consisting of two independent non-executive directors and one non-executive director[148]. - The company has complied with all principles and provisions of the corporate governance code since its listing date[145]. Miscellaneous - The company reported no significant events affecting its financial position or operations from the end of the reporting period until the announcement date[151]. - There are no significant future investment or capital asset plans disclosed as of the announcement date[150].
慧居科技(02481) - 2023 - 中期财报
2023-09-18 09:17
Financial Performance - For the six months ended June 30, 2023, the total revenue was RMB 710.8 million, an increase of 11.4% compared to RMB 638.2 million for the same period in 2022[19]. - The profit attributable to the owners of the company was RMB 79.3 million, representing a significant increase of 138.9% from RMB 33.2 million in the previous year[19]. - The basic and diluted earnings per share increased to RMB 0.35, up 133.3% from RMB 0.15 in the same period last year[19]. - Revenue from heating services was approximately RMB 645.5 million, up from RMB 571.0 million in the same period last year, driven by increased service area and price adjustments[22]. - Gross profit for the same period was RMB 194.6 million, with a gross margin of 27.4%, up from 21.6% in the prior year[34]. - Operating profit for the six months ended June 30, 2023, was RMB 161.1 million, compared to RMB 107.4 million in the same period of 2022[28]. - Net profit for the period was approximately RMB 113.3 million, a significant increase of 127.1% compared to RMB 49.9 million in the same period last year[60]. Assets and Liabilities - Total assets as of June 30, 2023, were RMB 5,038.7 million, a decrease of 3.9% from RMB 5,244.2 million at the end of 2022[19]. - Total liabilities decreased by 6.7% to RMB 4,032.8 million from RMB 4,321.7 million at the end of 2022[19]. - As of June 30, 2023, current assets were approximately RMB 987.2 million, down from RMB 1,158.5 million as of December 31, 2022[84]. - The current ratio as of June 30, 2023, was approximately 0.7 times, consistent with the ratio as of December 31, 2022[84]. - The company’s current net liabilities stood at RMB 447,264 thousand as of June 30, 2023, which includes contract liabilities of RMB 145,173 thousand[186]. Cash Flow and Financing - The company had cash and cash equivalents of approximately RMB 206.1 million as of June 30, 2023, down from RMB 378.1 million at the end of 2022[40]. - The net cash inflow from operating activities for the six months ended June 30, 2023, was RMB 26,866,000[163]. - The group reported a net cash used in investing activities of RMB (128,998) thousand for the first half of 2023, compared to RMB (119,678) thousand in the same period of 2022[182]. - The group’s cash flow from financing activities showed a net cash outflow of RMB (69,791) thousand in the first half of 2023, compared to a net inflow of RMB 58,436 thousand in the same period of 2022[182]. - The company has unutilized bank financing of RMB 1,039.0 million as of June 30, 2023, with RMB 834.0 million available for use within 12 months[200]. Market and Growth Prospects - The market size for the heating service industry in China is expected to grow to RMB 70.8 billion by 2027, driven by government policies and demand for clean heating solutions[20]. - The company plans to expand its heating service capacity and enter new heating service markets[72]. - The new heating service project in Xinmi is expected to commence in November 2023, contributing to an increase in the total actual heating service area[94]. Shareholder and Corporate Governance - Major shareholders collectively hold approximately 66.66% of the company's equity[100]. - The company successfully listed its H shares on the Hong Kong Stock Exchange on July 10, 2023, with net proceeds from the global offering amounting to approximately HKD 187.5 million after deducting underwriting fees and expenses[116]. - The company has adopted a set of conduct guidelines for securities trading by directors and supervisors, which meet or exceed standard codes[114]. - The company disclosed that no directors or their immediate family members were granted rights to acquire shares or debt securities during the reporting period[102]. Expenses and Other Income - Administrative expenses rose by 18.8% to approximately RMB 70.1 million, primarily due to increased employee welfare costs and marketing activities[34]. - Other income decreased by approximately 48.0% to RMB 17.1 million, mainly due to a reduction in government subsidies[35]. - Financial income decreased by approximately 23.6% to RMB 9.7 million, attributed to reduced interest income from lease receivables[38]. Future Plans and Utilization of Proceeds - The company plans to utilize the net proceeds from the global offering as outlined in the prospectus for future projects and purposes[142]. - The company plans to utilize 50% of the net proceeds from its global offering for the construction of the Lanzhou Peak Boiler Project, with an expected completion by December 31, 2024[166]. - The company has allocated 40% of the net proceeds for the Xinmi Heating Preparation and Expansion Project, also expected to be completed by December 31, 2024[166].
慧居科技(02481) - 2023 - 中期业绩
2023-08-25 13:48
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份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 Wise Living Technology Co., Ltd 慧 居 科 技 股 份 有 限 公 司 (於中華人民共和國註冊成立的股份有限公司) (股份代號:2481) 截至2023年6月30日止六個月之中期業績公告 董事會欣然宣佈,本集團於報告期的未經審計中期業績,連同同期的比較數字 如下: 財務表現摘要 ‧ 報告期收入約人民幣710.8百萬元,較同期的約人民幣638.2百萬元增加約 11.4%。 ‧ 報告期毛利約人民幣194.6百萬元,較同期的約人民幣138.1百萬元增加約 40.9%。 ‧ 本公司擁有人應佔利潤約人民幣79.3百萬元,較同期的約人民幣33.2百 萬元增加約138.9%。 ...