SHBM(900939)2024-03-29 16:00Financial Performance - The net profit attributable to shareholders for 2023 was CNY 7,823,622.77, representing a 2.79% increase compared to CNY 7,611,577.59 in 2022[4]. - The total revenue for 2023 was CNY 15,291,214.40, which is a 3.96% increase from CNY 14,708,599.90 in 2022[17]. - The operating profit for 2023 was CNY 11,076,900, an increase of 2.46% year-on-year[38]. - The basic earnings per share for 2023 was CNY 0.0431, up 2.86% from CNY 0.0419 in 2022[18]. - The company reported a total comprehensive income of ¥7,793,160.88 for the year, reflecting a positive performance compared to the previous year's figures[175]. Cash Flow - The net cash flow from operating activities surged to CNY 12,889,057.69, a significant increase of 391.34% compared to CNY 2,623,232.50 in 2022[17]. - The company reported a net cash flow from operating activities of CNY 36,000,000 in the fourth quarter[27]. - The cash flow from operating activities increased significantly to CNY 12,889,057.69 million in 2023, compared to CNY 2,623,232.50 million in 2022, marking an increase of approximately 390%[170]. - The company’s cash inflow from operating activities totaled ¥4,680,845.27 in 2023, a substantial increase from ¥227,094.63 in 2022[173]. Assets and Liabilities - The total assets at the end of 2023 reached CNY 179,355,657.74, marking a 22.32% increase from CNY 146,627,300.38 at the end of 2022[17]. - As of December 31, 2023, the company's total assets amounted to CNY 179,355,700, with total liabilities of CNY 26,298,600, resulting in equity attributable to shareholders of CNY 147,263,700[28]. - Total liabilities increased to CNY 26,298,581.42 from CNY 25,690,092.39, showing a rise of about 2.4%[156]. - The company's equity attributable to shareholders rose to RMB 147,263,701.62 from RMB 117,533,704.42, marking an increase of approximately 25.3%[157]. Business Operations - The company achieved total operating revenue of CNY 15,291,200, with a net profit attributable to shareholders of CNY 7,823,600[28]. - The rental income from the company's main subsidiary, Huili Flooring, was CNY 15,225,700, maintaining a 100% occupancy rate[28]. - Huili Coatings participated in 28 urban renewal projects in Shanghai, covering an area of 2.13 million square meters, generating sales revenue of CNY 66,302,900 but incurred a loss of CNY 5,837,200[30]. - The company's main business revenue from leasing reached 15,238,117.04 RMB, with a gross margin of 92.18%, reflecting a decrease of 2.10 percentage points compared to the previous year[42]. Risks and Compliance - The company has outlined potential risks in its future development strategies, which investors should be aware of[5]. - The company is currently involved in legal proceedings regarding rental disputes, with expectations to resolve these issues in 2024[36]. - The company has maintained compliance with legal and regulatory requirements regarding the independence of its board and management[72]. - The company is focusing on legal and regulatory compliance to ensure healthy development and operational standardization[92]. Governance and Management - The company has established a performance evaluation mechanism for all employees, ensuring transparency in the appointment of senior management[73]. - The total pre-tax remuneration for senior management during the reporting period amounted to 104.73 million yuan[74]. - The company has not engaged in insider trading and has not faced regulatory penalties during the reporting period[71]. - The board of directors and committees have strengthened collective decision-making through reasonable suggestions and oversight[70]. Future Outlook - The company aims to achieve a minimum revenue of 15 million RMB in 2024, with total expenses not exceeding 3 million RMB, while maintaining profitability[64]. - The company plans to deepen market channels in the Jiangsu-Zhejiang-Shanghai region and focus on strategic cooperation with state-owned real estate enterprises[65]. - The company is exploring new business opportunities to expand its operational scale and scope while ensuring profitability[63]. - The company plans to enhance energy efficiency and operational effectiveness through potential photovoltaic renovations of its rental properties[28].