Revenue Performance - The group's revenue for the fiscal year ending March 31, 2024, was approximately RMB 647 million, a decrease from RMB 923 million in the previous year, representing a decline of 29.9%[16] - The revenue from the bentonite mining business in China was approximately RMB 438 million, down from RMB 765 million in the previous year, accounting for 67.7% of the group's total revenue[16] - The financial services segment recorded revenue of approximately RMB 208 million, an increase from RMB 157 million in the previous year, representing a growth of 32.5%[16] - The property investment segment generated revenue of approximately RMB 91,000, up from RMB 70,000 in the previous year, accounting for 0.1% of the group's total revenue[16] - Revenue for the year ended March 31, 2024, was RMB 64.716 million, a decrease of 29.9% compared to RMB 92.295 million for the previous year[98] - Total revenue from bentonite mining was RMB 43,823 thousand, accounting for 67.7% of total revenue, down from RMB 76,543 thousand or 83.0% in the previous year[124] - Financial services total revenue was RMB 20,802 thousand, representing a 32.2% increase from RMB 15,682 thousand in the previous year[124] Profitability and Losses - The loss attributable to shareholders increased by approximately 158.9% from about RMB 2.7 million in the comparative period to approximately RMB 7.2 million in the current fiscal year[55] - The company reported a net loss of RMB 7.081 million for the year, compared to a loss of RMB 2.735 million in the previous year, representing an increase of 158.9% in losses[98] - Gross profit decreased by 45.9% to RMB 21.743 million from RMB 40.224 million year-on-year[98] - Gross profit from wealth management services decreased by approximately 16.1% from about RMB 32 million in the comparative period to about RMB 27 million in the fiscal year, with the gross margin dropping from approximately 28.5% to about 15.1%[160] - Other income decreased by approximately 8.2% from about RMB 16 million in the comparative period to about RMB 15 million in the reporting period, primarily due to a reduction in government subsidies[161] Operational Efficiency - The average collection period for trade receivables increased from 130 days in the comparative period to 149 days in the current fiscal year[55] - The average collection period for trade receivables increased to 149 days from 130 days, reflecting a 14.6% increase[124] - Selling and distribution expenses decreased by approximately 51.5% from about RMB 68 million in the comparative period to about RMB 33 million in the fiscal year, mainly due to a decline in sales volume[164] - Administrative expenses decreased by approximately 9.0% from about RMB 327 million in the comparative period to about RMB 298 million in the fiscal year[165] Market Strategy and Expansion - The company is committed to exploring various investment opportunities to enrich and strengthen its revenue sources[39] - The group aims to expand its customer base and enhance product awareness as part of its business strategy[3] - The company plans to continue its focus on the bentonite mining business while also developing its financial services segment[16] - The company is actively seeking new strategies for market expansion and potential acquisitions to drive future growth[39] - The company aims to strengthen its market position in China through various strategies, including participation in industry seminars and establishing connections with potential clients[80] Environmental and Sustainability Efforts - The company aims to reduce greenhouse gas emissions by 5% by 2028, with specific measures to enhance production efficiency and reduce vehicle emissions[133] - The company has set a target to improve the emission density per production unit by 5% by 2028, focusing on upgrading production lines and increasing the use of natural light drying methods[133] - The company aims to reduce non-hazardous waste generation through improved production efficiency, with a target set for future production line construction[140] - The company plans to strictly control the use of materials and consider more recyclable options to mitigate environmental impact[141] - The company is focusing on ecological restoration and sustainable mining practices to minimize environmental impact[197] Research and Development - The company is collaborating with external research institutions in China to develop new technologies and products to meet market demands[57] - The company has completed feasibility studies for two new bentonite products and is conducting laboratory tests with external research institutions[107] - The company is collaborating with two universities and one research institute to develop new production technologies and products[93] Financial Health - As of March 31, 2024, the company's net current assets were approximately RMB 859 million, down from RMB 954 million in the previous year[174] - The company has no significant debt financing requirements, resulting in a debt-to-capital ratio of zero as of March 31, 2024[176] - The company has approximately RMB 68 million in construction in progress as of March 31, 2024, aimed at improving internal logistics and production efficiency[172] - The company has pledged bank deposits of RMB 20 million as collateral for general bank financing, with a principal amount of RMB 19 million[177] Consumption and Resource Management - In 2024, coal usage decreased to 231 tons from 1,368 tons in 2023, representing an 83.1% reduction[185] - Electricity consumption dropped to 6,157,990 kWh in 2024 from 9,357,504 kWh in 2023, a decrease of 34.5%[193] - Diesel consumption reduced to 50,532 liters in 2024 from 67,767 liters in 2023, marking a 25.5% decline[194] - Water usage increased to 11,053 cubic meters in 2024 from 8,548 cubic meters in 2023, an increase of 29.5%[188] - The density of electricity usage per ton of production improved to 71.92 kWh in 2024 from 60 kWh in 2023, a 19.9% increase in efficiency[193] - The density of diesel usage per ton of production increased to 0.590 liters in 2024 from 0.438 liters in 2023, a 34.7% increase[194] - Office paper usage decreased to 0.11 tons in 2024 from 0.20 tons in 2023, a reduction of 45%[190] - The company aims to improve water efficiency per ton of production, with a target of reducing water usage[189] - The company has implemented measures to enhance energy-saving awareness among employees, contributing to reduced energy consumption[191]
倍搏集团(08331) - 2024 - 年度财报