Financial Performance - Revenue for the year ended December 31, 2023, increased by 56.6% to RMB 4,190.7 million from RMB 2,675.3 million in 2022[2] - Gross profit rose by 77.7% to RMB 3,019.5 million compared to RMB 1,699.6 million in the previous year[2] - Net profit for 2023 was RMB 461.7 million, a significant increase of 236.8% from RMB 137.1 million in 2022[2] - The company's revenue from three main brands in 2023 was RMB 3,822.6 million, an increase of 55.9% from 2022, contributing 91.2% to total revenue[11] - The gross profit increased by 77.7% from RMB 1,699.6 million in 2022 to RMB 3,019.5 million in 2023, with gross margin improving from 63.5% to 72.1%[30] - The net profit for 2023 was RMB 461,663,000, up from RMB 137,080,000 in 2022, reflecting an increase of approximately 236.5%[41] - The company reported basic and diluted earnings per share of RMB 1.16 for 2023, compared to RMB 0.41 in 2022[41] Brand Performance - The main brand, Han Shu, generated revenue of RMB 3,090.4 million in 2023, representing a 143.8% increase and accounting for 73.7% of total revenue[8] - Han Shu's total GMV on Douyin reached approximately RMB 3,340 million, reflecting a year-on-year growth of about 374.4%[6] - The brand Yi Ye Zi generated revenue of RMB 356.5 million in 2023, a decrease of 32.7% compared to the previous year, contributing 8.5% to total revenue[9] - The revenue of Han Shu increased by 143.8% from RMB 1,267.4 million in 2022 to RMB 3,090.4 million in 2023, driven by brand upgrades and increased self-operated income from the Hong Man Yao series on e-commerce platforms[26] - The revenue of Yi Ye Zi decreased by 32.7% from RMB 529.9 million in 2022 to RMB 356.5 million in 2023, primarily due to ongoing transformation and upgrades[26] - The revenue of Hong Se Xiao Xiang decreased by 42.6% from RMB 655.1 million in 2022 to RMB 375.7 million in 2023, mainly due to intense market competition[26] Dividends and Shareholder Returns - The company plans to pay a final dividend of RMB 0.75 per share for the year ended December 31, 2023, up from RMB 0.25 per share in 2022[3] - The proposed final dividend for 2023 is RMB 0.75 per share, up from RMB 0.25 per share in 2022, which represents a 200% increase[60] - The annual general meeting is scheduled for May 30, 2024, to approve the proposed final dividend[72] - The final dividend payment is expected to be made on or around June 28, 2024, pending shareholder approval[72] Research and Development - Research and development expenses for 2023 were RMB 125.8 million, accounting for 3.0% of annual revenue, compared to RMB 110.3 million and 4.1% in 2022[16] - The company plans to enhance R&D investment in key skincare areas, including anti-aging technology and skin barrier repair technology[22] - In 2023, the company applied for 58 new patents, including 35 invention patents, and was granted 18 new patents, with 3 being invention patents[17] Market Strategy and Expansion - The company is expanding its marketing network, focusing on online platforms like Douyin, Tmall/Taobao, and JD to enhance brand presence[23] - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the coming years[51] - The company launched a new product line targeting school-age children, including the "Primary School Series" and a popular "Cosmic Fun" children's makeup gift box[10] Financial Position and Assets - The total assets as of December 31, 2023, were RMB 3,127,648,000, compared to RMB 2,546,186,000 in 2022, showing an increase of approximately 22.8%[44] - Non-current assets totaled RMB 1,050,511,000 as of December 31, 2023, compared to RMB 893,501,000 in 2022, reflecting a growth of approximately 17.6%[44] - The company's cash and cash equivalents decreased from RMB 1,147.7 million in 2022 to RMB 697.7 million in 2023, while interest-bearing bank borrowings were reduced by 84.6% to RMB 100.0 million[38] Awards and Recognition - The company received multiple awards in 2023, including the "2023 Tmall Golden Baby Award" for maternal and infant public welfare and the "InnoCosme Beauty Material Award" for its core ingredient Tiracle Pro[11][18] Corporate Governance - The company's financial statements for the year ended December 31, 2023, have been reviewed by the audit committee and are in compliance with applicable accounting standards[70] - The audit committee consists of three independent non-executive directors, with Mr. Liang Haoxin serving as the chairman[69]
上美股份(02145) - 2023 - 年度业绩