另据香港特区政府投资推广署金融服务及科技、可持续发展环球总裁梁瀚璟先生日前参加相关会议活动 时透露，目前香港已有超过1100家金融科技企业，业务涵盖多个范畴，除了促成国际合作，香港还在为 初创企业和金融科技公司提供多元专业服务，并提供广泛的人脉网络和解决方案。不难预见，后续香港 对寻求国际化发展的金融科技企业的吸引力还将持续增强。 针对后续香港在国际化发展的支点作用，有观点认为，随着我国粤港澳大湾区一体化进程的持续深入推 进，香港在巩固当前"内联外通"优势的基础上，其角色将即将从推动内地科技企业对接，协助内地企业 走向国际舞台的"超级联系人"身份，华丽蜕变为全面助力内地企业加速锻造新质生产力，辅助推动国家 及产业高质量发展的"超级增值人"，而这一转变也将使得香港在未来成为推动我国的全球化发展的核心 力量之一。 可以看到，在全球数字化浪潮加速演进与国内市场竞争持续加剧的双重驱动下，当前越来越多的中国金 融科技企业正以前所未有的力度扬帆出海，开启国际市场的拓展。香港作为知名的国际金融中心，凭借 自身在国际金融金融市场中长期形成的独特地位与显著优势，近两年不仅吸引了许多内地优秀龙头企 业，也迎来了大批新兴金融科技服 ...

Group 1 - New New Technology Co., Ltd. (stock code: 9600.HK) has gained industry attention for its deep expertise and innovative exploration in the field of medical information technology [1] - At the 6th Public Hospital High-Quality Innovation Development Exchange Conference, New New's subsidiary, Beijing New New Technology Co., Ltd., showcased its AI-based medical record quality control system, which has improved medical record writing standardization and diagnostic accuracy [1] - The system has been implemented in several top-tier hospitals in China, enhancing medical record review efficiency by over 40% and achieving a diagnostic suggestion accuracy rate exceeding 92% [1] Group 2 - The National Health Commission has drafted the "Smart Medical Grading Evaluation Method and Standards (2025 Edition)," which includes new evaluation requirements for artificial intelligence and domestic substitution [2] - New New Technology has been a pioneer in leveraging AI and big data analytics to support the digital transformation of the healthcare industry, providing various innovative IT solutions and products [2] - The company is actively developing new products and technologies in response to ongoing healthcare policy reforms, enhancing its medical record quality monitoring and warning platform with advanced capabilities [2] Group 3 - Beijing New New Technology Co., Ltd. has reached a project consulting cooperation with a well-known large state-owned enterprise to upgrade health management services through intelligent technology [3] - The collaboration will focus on the localized deployment of the DeepSeek large language model and private model training methods in core medical scenarios such as health education and consultation [3] - This partnership represents a successful practice in assisting medium and large state-owned enterprises in their digital transformation and aims to promote the accessibility of quality medical resources [3]

Group 1 - The core initiative of the company is the "Green Climbing Responsibility Together" event, which is part of its 2025 ESG series actions aimed at promoting a healthy lifestyle and sustainable development principles [1][3] - The event took place at Xiangshan Park in Beijing, with enthusiastic participation from employees of the company and its local branches, highlighting the company's commitment to environmental, social, and governance (ESG) practices [1][3] - Participants were encouraged to use public transport, cycling, or carpooling to reduce carbon emissions, and they brought reusable water bottles, demonstrating a commitment to sustainability during the event [1][3] Group 2 - The successful completion of the climbing challenge at Xianglu Peak symbolized the company's dedication to measuring environmental responsibility through action, encapsulated in the phrase "measuring green mountains with footsteps, interpreting responsibility through action" [3] - Following this event, the company plans to launch additional ESG activities themed around "Warmth of Clothing Continues Love," promoting green low-carbon living and encouraging employees to care for their well-being and give back to society [3] - The company aims to integrate sustainable development principles into its daily operations and deepen its responsibility practices in the ESG domain, thereby creating more value for society [3]

近期，为落实《国务院办公厅关于推动公立医院高质量发展的意见》要求，指导医院科学、规范开展智 慧医疗、智慧服务、智慧管理"三位一体"的智慧医院建设，国家卫生健康委医政司组织对2018年出台的 《电子病历系统应用水平分级评价标准(试行)》进行修订，起草了《智慧医疗分级评价方法及标准(2025 版)》。 新纽科技有限公司(9600.HK，以下简称"新纽科技"或"集团")作为国内较早凭借人工智能、大数据分析 等为代表的创新技术积极助力我国医疗行业数字化转型的科技驱动型IT解决方案服务商，多年来持续向 医疗行业客户提供可助力其改善医疗质量水平、提升内部管理效率的医疗质量控制与安全预警平台、医 疗病历质量综合管理平台、医疗文书数据结构化与管理平台、临床路径监控管理平台等多款创新型IT解 决方案及产品。同时，伴随着我国医院等级评审、DRG/DIP支付方式改革等医疗政策的陆续公布与实 施，新纽科技持续开展对新产品、新技术应用的研发及创新，推动创新技术在病历质量控制与管理方面 的进一步融合与产品迭代更新。 目前，集团旗下病历质控相关产品和解决方案已顺利在多维数据分析、自然语言处理(NLP)、人工智能 等创新技术应用的基础上，引 ...

Financial Performance - Newlink Technology Inc. reported a revenue increase of 15% year-over-year, reaching $120 million for the fiscal year 2024[4]. - In 2024, the company achieved a revenue growth of 13.6% compared to 2023, reaching RMB 278.8 million[17]. - The company projects a revenue growth of 20% for the next fiscal year, targeting $144 million[4]. - Gross profit for 2024 increased by 4.9% year-on-year, amounting to RMB 38.9 million[17]. - The gross margin improved to 45%, up from 40% in the previous year[4]. - The company recorded a net loss of RMB 93.0 million for 2024, compared to a loss of RMB 69.7 million in 2023[15]. - The pre-tax loss for 2024 was RMB 96.1 million, compared to a pre-tax loss of RMB 71.0 million in 2023[64]. - Annual loss for 2024 was RMB 93.0 million, a 33.4% increase from RMB 69.7 million in 2023, mainly due to losses from equity investments and increased operating expenses[66]. User Growth and Market Expansion - The user base expanded by 25%, with active users now totaling 1.5 million[4]. - The company plans to enter two new international markets by Q3 2025, aiming to increase global presence[4]. - The establishment of a new subsidiary in Shanxi aims to enhance the company's market strategy in North China[12]. - The company has established a stable customer base, including 10 Fortune 500 clients and 12 China 500 clients, contributing to its revenue growth[41]. Research and Development - Newlink is investing $10 million in R&D for new product development, focusing on AI and automation technologies[4]. - R&D expenditure for 2024 was RMB 71.5 million, a 69.0% increase from RMB 42.3 million in 2023, driven by increased amortization of deferred development costs and direct R&D expenses[60]. - The company continues to focus on R&D in AI and big data analytics, enhancing its IT solutions to meet customer needs[42]. Corporate Governance - The board consists of six directors, including three executive directors and three independent non-executive directors[22]. - The board's composition ensures a balance of executive and independent oversight, enhancing corporate governance[26]. - The board is committed to maintaining high standards of corporate governance to enhance shareholder value and transparency[97]. - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific aspects of the company's affairs[120]. Shareholder Engagement - The company has a dividend policy that allows for the declaration of dividends at the shareholders' meeting, provided it does not impair the company's ability to meet its debts[149]. - The company emphasizes effective communication with shareholders to enhance investor relations and understanding of business performance and strategy[155]. - The company has established procedures for shareholders to request special meetings, requiring at least 10% of voting shares[151]. Awards and Recognition - The company received multiple awards in 2024, including the "Industry Influence Award" and "Outstanding Medical Technology Innovation Award"[14]. - Newlink Technology was selected as one of the "Top 100 Financial Technology Companies in China" at the 2024 Zhongguancun Forum, highlighting its competitive position in the fintech sector[173]. - The company received the "2023 Outstanding Service Partner Award" from a major joint-stock bank client, indicating strong client relationships and service quality[169]. Environmental, Social, and Governance (ESG) - Newlink Technology emphasizes environmental protection as a key development strategy while pursuing its business goals, reflecting its commitment to ESG principles[168]. - The board is committed to monitoring ESG risks and adjusting business strategies accordingly, ensuring effective management of ESG issues[181]. - The company has set quantifiable environmental goals related to greenhouse gas emissions, resource consumption, and waste management[182]. - The ESG governance structure includes an ESG working committee and cross-departmental teams to implement and track ESG policies[184].

3月31日晚间，新纽科技(09600.HK)对外正式披露2024年年度业绩公告，2024年，实现收入达人民币 278.8百万元，较2023年同比增长13.6%；实现毛利较2023年小幅增长4.9%，达人民币38.9百万元。 具体来看，2024年新纽科技软件开发服务业务实现收入达人民币243.2百万元；技术及维护服务业务实 现收入人民币27.0百万元；标准软件销售业务实现收入人民币8.6百万元。其中，软件开发服务业务收入 较2023年同比增长35.5%，已占集团总收入的87.2%。 另外，2024年，新纽科技经营活动所得现金净额达人民币24.0百万元，较2023年度的人民币11.1百万元 大幅提升116.2%。同时，为更好地服务更广泛的行业市场，进一步促进旗下分支机构多元协同发展， 充分发挥资源互补优势，进一步激发企业新的增长动，报告期内，新纽科技分别于香港、深圳、山西等 多地新设子公司，稳固立足于香港特区辐射大湾区及东南亚区域市场的战略延伸。 尽管2024年未能实现盈利，不过在公告中新纽科技认为，2024年度集团主营业务收入及毛利的增长以及 经营活动所得现金淨额持续增加，将为2025年业务的高速发展奠定良好基 ...

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 278,822 thousand, an increase of 13.6% from RMB 245,495 thousand in 2023[4] - Gross profit for 2024 was RMB 38,869 thousand, up from RMB 37,091 thousand in 2023, reflecting a gross margin of 13.9%[4] - The company reported a loss before tax of RMB 96,068 thousand for 2024, compared to a loss of RMB 70,971 thousand in 2023, indicating a deterioration in financial performance[4] - The net loss attributable to owners of the company for 2024 was RMB 92,463 thousand, compared to RMB 69,159 thousand in 2023, representing a 33.8% increase in losses[8] - Basic and diluted loss per share for 2024 was RMB (10.44), compared to RMB (8.79) in 2023, indicating a worsening loss per share[7] - The company recorded a pre-tax loss of RMB 96.1 million in 2024, compared to a pre-tax loss of RMB 71.0 million in 2023[83] - Annual loss expanded by 33.4% to RMB 93.0 million, influenced by losses from equity investments and increased operating expenses[85] Revenue Breakdown - Software development services generated RMB 243,195 thousand in 2024, up from RMB 179,490 thousand in 2023, reflecting a growth of 35.5%[31] - Technical and maintenance services revenue decreased to RMB 26,982 thousand in 2024 from RMB 37,644 thousand in 2023, a decline of 28.5%[31] - Standard software sales dropped significantly to RMB 8,645 thousand in 2024 from RMB 28,361 thousand in 2023, a decrease of 69.5%[31] - In 2024, the software development services generated revenue of RMB 243.2 million, accounting for 87.2% of total revenue, representing a year-on-year growth of 35.5%[68] - Innovative solutions contributed RMB 80.2 million to software development services revenue, making up 33.0% of that segment[68] - Revenue from technical and maintenance services decreased by 28.2% to RMB 27.0 million, representing only 9.7% of total revenue in 2024[69] - Standard software sales generated RMB 8.6 million, accounting for 3.1% of total revenue, with innovative solutions contributing 94.2% of this segment[70] Assets and Liabilities - Total assets decreased to RMB 882,822 thousand in 2024 from RMB 947,685 thousand in 2023, a decline of 6.9%[6] - Total liabilities decreased to RMB 143,384 thousand in 2024 from RMB 158,781 thousand in 2023, a reduction of 9.7%[6] - The company’s equity attributable to owners decreased to RMB 739,268 thousand in 2024 from RMB 786,971 thousand in 2023, a decline of 6.0%[10] - Accounts receivable decreased to RMB 203,965,000 from RMB 261,866,000, a reduction of 22%[43] - The company reported a total of RMB 60.856 million in accounts payable as of the reporting period end, down from RMB 71.741 million in 2023[48] Research and Development - Research and development expenses rose significantly to RMB 71,524 thousand in 2024 from RMB 42,315 thousand in 2023, an increase of 68.9%[7] - Research and development expenses surged by 69.0% to RMB 71.5 million, driven by increased direct spending and deferred development cost amortization[79] Cash Flow and Liquidity - The company’s cash and cash equivalents increased to RMB 348,240 thousand in 2024 from RMB 330,458 thousand in 2023, showing a slight improvement in liquidity[10] - The net cash generated from operating activities significantly increased by 116.2%, amounting to RMB 24.0 million in 2024, up from RMB 11.1 million in 2023[53] - Operating cash inflow reached RMB 24.0 million, a significant increase of 116.2% compared to RMB 11.1 million in 2023[86] Market and Strategic Initiatives - The company plans to enhance its market penetration in the Greater Bay Area and expand its solutions and products across broader regional markets[52] - The group plans to implement a dual-path expansion strategy focusing on "core area penetration and emerging market cultivation" to enhance its competitive edge by 2025[64] - The group aims to strengthen its cash flow management and optimize asset allocation to enhance operational resilience and risk management capabilities[65] Corporate Governance and Compliance - The audit committee has reviewed the consolidated financial statements for the year ending December 31, 2024, confirming compliance with applicable accounting standards[125] - The company has adopted all applicable principles and code provisions of the Corporate Governance Code as a benchmark for its governance practices[123] Employee and Shareholder Matters - The employee cost for 2024, including director remuneration, was approximately RMB 152.6 million, with a total of 622 employees as of December 31, 2024[114] - The board has resolved not to recommend any final dividend for the year ending December 31, 2024[120] - The company repurchased a total of 5,952,800 shares at a total cost of approximately HKD 2.47 million, reflecting confidence in its business outlook[118]

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 122,905,000, an increase of 4.9% compared to RMB 117,953,000 for the same period in 2023[11]. - Gross profit for the same period was RMB 24,725,000, a decrease of 1.4% from RMB 25,064,000 in 2023[11]. - The company reported a pre-tax loss of RMB (55,403,000), compared to a loss of RMB (26,525,000) in the previous year, indicating a significant increase in losses[11]. - The net loss for the period was RMB (55,418,000), compared to a loss of RMB (27,007,000) in 2023, highlighting worsening financial performance[11]. - Basic and diluted loss per share for the period was RMB (6.67), compared to RMB (3.40) for the same period in 2023[68]. - The company reported a loss attributable to shareholders of RMB 552 million, an increase of RMB 284 million year-on-year[13]. - The company reported a net amount of approximately HKD 790.4 million from its global offering, with an oversubscription amount of HKD 140.3 million[54]. - The group reported a pre-tax loss of RMB 55,226,000 for the six months ended June 30, 2024, compared to a loss of RMB 26,758,000 for the same period in 2023, indicating an increase in losses[86]. Assets and Liabilities - Total assets as of June 30, 2024, were RMB 945,290,000, slightly down from RMB 947,685,000 at the end of 2023[11]. - Total liabilities increased to RMB 175,035,000 from RMB 158,781,000 at the end of 2023, reflecting a rise in financial obligations[11]. - The total equity decreased to RMB 770,255,000 from RMB 788,904,000, indicating a decline in shareholder value[11]. - Cash and cash equivalents amounted to RMB 303.6 million as of June 30, 2024[21]. - The company's equity return rate decreased from -3.2% for the six months ended June 30, 2023, to -7.2% for the six months ended June 30, 2024, primarily due to losses incurred[42]. - The asset-liability ratio increased from 1.0% as of December 31, 2023, to 2.6% as of June 30, 2024, mainly due to an increase in bank borrowings[42]. - As of June 30, 2024, the company's accounts receivable amounted to RMB 262.6 million, with a recorded impairment loss of RMB 54.4 million[38]. - Accounts receivable decreased to RMB 208,193,000 from RMB 218,549,000, a decline of approximately 4.7%[69]. - The company reported a total equity of RMB 770,255,000 as of June 30, 2024, down from RMB 788,904,000, a decrease of about 2.3%[70]. Revenue Breakdown - In the first half of 2024, the company achieved a revenue of RMB 1.229 billion, representing a slight increase of 4.2% year-on-year[13]. - The software development services contributed 85.3% of total revenue, with a significant year-on-year increase of 25.7% to RMB 1.048 billion[13]. - Revenue from innovative solutions utilizing AI and big data analytics reached RMB 601 million, accounting for 57.3% of the software development services revenue[13]. - Revenue from software development services rose by 25.7% to RMB 104.8 million, accounting for 85.3% of total revenue[16]. - Revenue from technical and maintenance services generated RMB 13,839,000, and standard software sales contributed RMB 4,297,000 for the six months ended June 30, 2024[79]. Research and Development - The company has faced increased R&D expenses due to a rise in deferred development costs and the number of research projects[13]. - Research and development expenses surged by 106.6% to RMB 37.6 million, driven by increased project numbers and deferred development cost amortization[25]. - Research and development expenses for the current period amounted to RMB 37,648,000, up from RMB 18,202,000 in the previous year, reflecting a significant increase in investment in innovation[86]. Corporate Governance - The board believes that maintaining high corporate governance standards is crucial for protecting shareholder interests and enhancing corporate value[48]. - The company has complied with the corporate governance code, with the exception of the separation of roles between the chairman and CEO, which is held by Mr. Zhai[49]. - All directors confirmed compliance with the securities trading standard code during the six months ended June 30, 2024[50]. Future Outlook - Future outlook includes potential market expansion and new product development strategies, although specific figures were not disclosed in the report[11]. - The company plans to enhance its focus on technology innovation and expand its market presence in the second half of 2024[15]. - The company aims to improve its organizational processes and talent management to support future growth[15]. Employee and Management Information - As of June 30, 2024, the group had 615 employees, a decrease of 83 employees year-on-year[43]. - Employee costs, including director remuneration, amounted to approximately RMB 65.8 million for the six months ended June 30, 2024[43]. - The management compensation for the first half of 2024 was RMB 1,656,000, an increase of 25% compared to RMB 1,325,000 in the same period of 2023[106]. Cash Flow and Financing - The net cash used in operating activities for the six months ended June 30, 2024, was RMB 34,291,000, compared to RMB 30,896,000 for the same period in 2023, representing an increase of approximately 7.5%[72]. - The financing activities net cash inflow for the six months ended June 30, 2024, was RMB 47,618,000, compared to a net cash outflow of RMB 21,196,000 in 2023, indicating a positive shift in financing[72]. - The company issued 157,302,880 new ordinary shares at a subscription price of HKD 0.28 per share, raising approximately RMB 39,661 thousand for general working capital[101]. Awards and Recognition - The company received multiple industry awards, including the "2024 Outstanding Medical Technology Innovation Award" and "2024 Digital Innovation Enterprise Award" in 2024[14].

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 122,905 thousand, an increase of 4.9% compared to RMB 117,953 thousand for the same period in 2023[1]. - Gross profit for the same period was RMB 24,725 thousand, a slight decrease of 1.4% from RMB 25,064 thousand in 2023[1]. - The company reported a loss before tax of RMB (55,403) thousand, compared to a loss of RMB (26,525) thousand in the previous year, indicating a significant increase in losses[3]. - The net loss attributable to the owners of the company was RMB (55,226) thousand, compared to RMB (26,758) thousand in 2023, highlighting a worsening financial performance[3]. - The company’s basic and diluted loss per share for the six months ended June 30, 2024, was RMB (6.67), compared to RMB (3.40) in the same period of 2023[4]. - The group reported a pre-tax loss of RMB 98,180,000 for the six months ended June 30, 2024, compared to RMB 92,889,000 for the same period in 2023, reflecting an increase in costs[16]. - The company faced a loss attributable to shareholders of RMB 55.2 million, an increase of RMB 28.4 million compared to the previous year, primarily due to increased R&D expenses and expected credit losses[33]. - The gross profit for the same period decreased by 1.6% year-on-year to RMB 24.7 million, impacted by a 5.7% increase in sales costs to RMB 98.2 million[33]. - The company recorded a pre-tax loss of RMB 55.4 million, compared to a loss of RMB 26.5 million in the same period last year[51]. Assets and Liabilities - Total assets as of June 30, 2024, were RMB 945,290 thousand, a slight decrease from RMB 947,685 thousand as of December 31, 2023[1]. - Total liabilities increased to RMB 175,035 thousand from RMB 158,781 thousand, reflecting a rise of 10.2%[1]. - The company’s total equity decreased to RMB 770,255 thousand from RMB 788,904 thousand, reflecting a decline of 2.3%[6]. - The company had cash reserves of RMB 303.6 million and bank borrowings of RMB 20.0 million as of June 30, 2024[43]. - The company's debt-to-equity ratio increased from 1.0% as of December 31, 2023, to 2.6% as of June 30, 2024, mainly due to an increase in bank borrowings[64]. Research and Development - Research and development expenses surged to RMB 37,648 thousand, up from RMB 18,202 thousand in the previous year, indicating a focus on innovation[3]. - Research and development expenses increased by 106.6% to RMB 37.6 million, driven by higher deferred development costs and an increase in the number of R&D projects[47]. - As of June 30, 2024, the company held a total of 225 software copyrights, with 21 new copyrights obtained during the first half of 2024[34]. Revenue Breakdown - Revenue from software development services reached RMB 104,769,000, up from RMB 83,397,000 in the previous year, indicating a significant increase of 25.6%[12]. - The software development services contributed 85.3% of total revenue, with a significant year-on-year growth of 25.7% to RMB 104.8 million[34]. - Revenue from innovative solutions utilizing AI and big data analytics reached RMB 60.1 million, accounting for 57.3% of the software development services revenue[34]. - Revenue from technical and maintenance services decreased by 33.7% to RMB 13.8 million, down from RMB 20.8 million in the previous year[38]. - Standard software sales revenue fell by 68.6% to RMB 4.3 million, with innovative solutions contributing RMB 3.8 million, or 88.4% of this segment[39]. Cash Flow and Financing - Cash and cash equivalents increased significantly to RMB 3,317 thousand from RMB 96 thousand, indicating improved liquidity[5]. - Interest income from banks increased to RMB 4,674,000, compared to RMB 3,903,000 in the previous year, showing a growth of 19.7%[13]. - The group incurred financing costs of RMB 1,067,000, which is a substantial increase from RMB 525,000 in the same period last year, representing a rise of 102.0%[14]. - The group recognized a total of RMB 11,128,000 in impairment losses on receivables, compared to RMB 8,084,000 in the previous year, indicating a rise of 37.8%[16]. Corporate Governance - The company has committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[70]. - The company has adopted the corporate governance code and has complied with its principles and provisions during the six-month period ending June 30, 2024[71]. - The audit committee, consisting of three independent non-executive directors, has reviewed the interim financial results for the six months ending June 30, 2024[74]. - The interim financial information for the six months ending June 30, 2024, has not been audited but has been reviewed by an external auditor[75]. - The company has confirmed compliance with the standard code of conduct for securities trading by all directors during the reporting period[72]. Future Outlook - The company plans to enhance its market penetration and expand its strategic layout across various regions in the second half of 2024[35]. - The company aims to strengthen collaboration among subsidiaries and focus on technological innovation to improve customer experience and drive high-quality development[35].

Financial Performance - Newlink Technology Inc. reported a revenue increase of 15% year-over-year, reaching $150 million in 2023[1]. - Total revenue for 2023 was RMB 245.495 million, a decrease of 5.8% from RMB 260.554 million in 2022[16]. - Gross profit for 2023 was RMB 37.091 million, down 47.4% from RMB 70.459 million in 2022[16]. - The company reported a net loss of RMB 69.684 million for 2023, compared to a profit of RMB 17.439 million in 2022[16]. - Operating cash flow for 2023 was RMB 18.7 million, an increase of 33.6% from RMB 14.0 million in 2022[18]. - The company recorded a pre-tax loss of RMB 710 million in 2023, compared to a pre-tax profit of RMB 208 million in 2022[64]. - Annual loss for 2023 was RMB 697 million, a significant decline from a profit of RMB 174 million in 2022[66]. - The company's gross profit fell sharply by 47.4% to RMB 37.1 million, with a gross margin dropping from 27.1% in 2022 to 15.1% in 2023, attributed to a 9.6% increase in sales costs to RMB 208.4 million[40]. - The company maintained a healthy financial position with cash reserves of RMB 3,305 million as of December 31, 2023[53]. Market Expansion and Strategy - The user base expanded by 20%, totaling 1.2 million active users by the end of 2023[1]. - The company provided a revenue guidance of $180 million for 2024, indicating a projected growth of 20%[1]. - Newlink Technology Inc. plans to enter two new markets in Southeast Asia by Q3 2024, aiming for a market share of 5% within the first year[1]. - The company completed the acquisition of a software firm for $25 million, expected to enhance its service offerings[1]. - The company aims to improve accounts receivable turnover efficiency to achieve profitability in a challenging macro environment[18]. - The company is focusing on enhancing customer engagement through new digital marketing strategies, aiming for a 30% increase in customer retention[1]. Research and Development - Newlink Technology Inc. is investing $10 million in R&D for new product development in AI and automation technologies[1]. - The company has established a research and development center in Chengdu and a regional headquarters in Southwest China, further expanding its operations to Hong Kong and Macau, aiming to penetrate the Greater Bay Area and Southeast Asia markets[20]. - Research and development expenses surged by 121.5% to RMB 423 million in 2023 from RMB 191 million in 2022, driven by increased amortization of deferred development costs[59]. - New New Technology focuses on AI and big data analytics to provide high-value IT solutions across various industries, including finance, healthcare, transportation, and logistics[38]. Corporate Governance - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure[23]. - The audit committee consists of three independent non-executive directors, including Chairman You Linfeng, overseeing financial reporting and risk management systems[112]. - The company has established a robust internal control and risk management system, as monitored by the board and its committees[107]. - The board is responsible for significant matters including company policies, strategy, budget, and major transactions[107]. - The company has appropriate liability insurance for directors and senior management against legal claims arising from company activities[109]. Environmental, Social, and Governance (ESG) Initiatives - The ESG report highlights the company's efforts and progress in the ESG field for the year 2023[145]. - The company aims to reduce environmental impact while achieving its business goals, reflecting its commitment to sustainable development[152]. - The company has established an ESG governance framework to promote corporate social responsibility and sustainable development[161]. - The company emphasizes environmental responsibility by adhering to various environmental laws and promoting green operations, including energy-saving measures[177]. - The company has set a greenhouse gas emission target to reduce per capita electricity consumption by 30% by the end of 2030, using 2020 as the baseline[189]. Employee and Workforce Management - The company emphasizes the importance of employee well-being and satisfaction, providing a safe and inclusive work environment[196]. - The company has established a standardized recruitment process to clarify roles and responsibilities during hiring[199]. - Internal recruitment is prioritized for technical positions to improve resource allocation and employee engagement[199]. - No incidents of child labor or forced labor have been reported this year, ensuring compliance with labor regulations[200].