Financial Performance - The total revenue for the year ended December 31, 2023, was RMB 41,210,000, compared to RMB 35,364,000 in 2022, representing an increase of approximately 16.5%[4] - The pre-tax profit for 2023 was RMB 209,691,000, a significant increase from RMB 133,363,000 in 2022, reflecting a growth of approximately 57.1%[17] - The income tax expense for 2023 was RMB 35,917,000, compared to RMB 26,105,000 in 2022, which is an increase of around 37.3%[17] - The company reported a total comprehensive income of RMB 82,776,000 for the year, which includes a profit of RMB 79,384,000[113] - The company reported a net loss of RMB 508,000 for the year, compared to a loss of RMB 1,891,000 in the previous year, indicating an improvement in financial performance[92] Government Support - Government subsidies received amounted to RMB 2,908,000 in 2023, up from RMB 2,497,000 in 2022, indicating a growth of about 16.5%[4] - The company continues to benefit from tax incentives, with a significant portion of its income tax expenses influenced by preferential tax rates and deductions[11] Employee Costs - The total employee costs, including salaries and other benefits, rose to RMB 101,746,000 in 2023 from RMB 81,456,000 in 2022, an increase of about 24.9%[6] - The total remuneration for the highest-paid individuals in 2023 was RMB 1,974,000, a decrease of 6.9% from RMB 2,121,000 in 2022[24] Investment Properties - The net rental income from investment properties decreased to RMB (4,189,000) in 2023 from RMB (5,162,000) in 2022, indicating a decline of approximately 18.7%[6] - The fair value changes of investment properties resulted in a loss of RMB (5,550,000) in 2023, compared to a loss of RMB (2,020,000) in 2022, reflecting a worsening of approximately 174.3%[4] Shareholder Information - The proposed final dividend for 2023 is HKD 38.64 per share, equivalent to RMB 34.98, totaling RMB 87,000,000, compared to RMB 54,991,000 in 2022[29] - The company has not reflected the proposed dividend in the financial statements as it is subject to shareholder approval at the annual general meeting scheduled for May 23, 2024[29] - The company declared a dividend of RMB 27,508,000 for the current year, down from RMB 55,215,000 from the previous year[113] Assets and Liabilities - The carrying value of a property located in Jiangsu Province as of December 31, 2023, was approximately RMB 24,682,000, down from RMB 25,981,000 in 2022[38] - The carrying value of the land use rights in Chongqing as of December 31, 2023, was approximately RMB 5,578,000, down from RMB 5,739,000 in 2022[44] - The company's total liabilities as of December 31, 2023, were RMB 66,351,000, reflecting an increase from RMB 61,849,000 in the previous year[152] Store Operations - As of December 31, 2023, the company had a total of 1,170 stores, an increase of 75 stores compared to 1,095 stores as of December 31, 2022[179] - The number of new stores opened during the year reached 215, achieving 165.38% of the annual target, marking a historical high[182] - The proportion of shopping mall stores reached 66.7% in 2023, up from 62.1% in 2022[180] Product Development and Sales - The online sales team successfully launched three new products, with "萌熊" ranking first in both sales volume and revenue, while "心想事橙" and "大橘大利" ranked fifth and twelfth in sales volume, respectively[73] - Launched 45 new products during key festivals, with 12 functional products as the main type for 2023[186] - Increased sales in 2023 compared to 2022, with monthly sales growth rates fluctuating between -10% to 54.7%[190] Marketing and Customer Engagement - The group plans to enhance its membership system by providing better rewards and services to meet customer needs, utilizing various platforms for user feedback[71] - Expanded into new platforms, including Kuaishou and Jingxi, to enhance brand exposure[191] - Engaged in overseas social media content production to drive traffic to the website[198] Financial Management - The company has not utilized any derivative contracts to hedge against interest rate risks, but management will consider hedging when necessary[143] - The company’s financial risk management policies include monitoring cash flow and maintaining sufficient cash levels to mitigate liquidity risks[151] Compliance and Corporate Governance - The company has not granted any share options during the fiscal year ending December 31, 2023, in compliance with the listing rules[122] - The company is required to transfer 10% of its after-tax profits to statutory surplus reserves until the reserve balance reaches 50% of registered capital[130]
谭木匠(00837) - 2023 - 年度财报