Financial Performance - For the fiscal year ending December 31, 2023, the company reported a revenue decrease of approximately 1.5% to RMB 66.3 million from RMB 67.3 million in the previous fiscal year[2]. - The company's gross profit declined by about 10.2% to RMB 17.7 million, down from RMB 19.7 million in the previous fiscal year[2]. - The company recorded a loss of approximately RMB 11.7 million for the fiscal year 2023, compared to a loss of RMB 6.8 million in the fiscal year 2022[2]. Impairment Loss - The impairment loss on non-financial assets amounted to RMB 9.9 million, primarily related to property, plant and equipment, intangible assets, and right-of-use assets[1]. - The impairment assessment for 2023 revealed that the recoverable amounts for property, plant and equipment, intangible assets, and right-of-use assets were all zero RMB[9]. - The carrying amounts of the aforementioned assets exceeded their recoverable amounts, resulting in an impairment loss recognized in the profit and loss for the fiscal year 2023[9]. - The carrying amounts were approximately RMB 8,522,000 for property, RMB 696,000 for plant and equipment, and RMB 719,000 for intangible assets[9]. - The impairment assessment policy is in accordance with Hong Kong Accounting Standard 36, which requires a review of asset values upon any indication of impairment[8]. - The company aims to provide additional information regarding the impairment loss for shareholders and investors[1]. Budget and Forecast - The budgeted revenue growth rate for the next five years was set at 0%, a decrease from the 1% growth rate used in the previous year's assessment[5]. - The budgeted gross margin for the fiscal year 2023 was adjusted to 26%, down from 29% in the previous fiscal year, reflecting the actual performance of the cash-generating unit[7]. Market Conditions - The company attributed the revenue decline to intense price competition, rising operating costs, and economic slowdowns in China[6]. Discount Rate - The discount rate used for the impairment assessment in 2023 was 18.15%, up from 17.5% in 2022, reflecting adjustments in the risk-free rate[4].
新达控股(08471) - 2024 - 年度业绩