BBJX(BJ:430489)2024-02-25 16:00Financial Performance - The company's operating revenue for 2023 was CNY 536,047,845.72, a decrease of 5.52% compared to the previous year[4]. - Net profit attributable to shareholders decreased by 65.46% to CNY 20,824,956.67, while the net profit excluding non-recurring gains and losses dropped by 67.13% to CNY 13,156,305.22[4]. - Basic earnings per share fell by 65.91% to CNY 0.15, and the weighted average return on equity decreased to 4.05% from 12.13%[4]. - The company expects a net profit of approximately CNY 30,820,000 for the year, a decrease of 48% year-on-year, while the net profit excluding non-recurring items is expected to decrease by 44%[6][8]. Asset and Equity Changes - Total assets increased by 14.94% to CNY 1,082,280,414.27, while equity attributable to shareholders decreased by 1.16% to CNY 513,320,072.43[4]. Revenue Decline Factors - The decline in revenue was primarily due to reduced product sales prices amid an economic downturn, despite a 15.2% increase in sales volume from the parent company and a 19.87% increase from the subsidiary[5][6]. Cost Management and Efficiency - The company implemented over 20 measures for cost reduction and efficiency improvement, which contributed to maintaining a gross margin of 30%[8]. Future Outlook - Since December 2023, market conditions have improved, with January sales volume and revenue reaching historical highs, and monthly net profit exceeding CNY 5,000,000[8]. - The company anticipates positive performance in 2024 due to the launch of new projects and the economic benefits from recent operational improvements[8]. Cautionary Note - Investors are cautioned that the financial data presented is preliminary and unaudited, and may differ from the final figures in the annual report[9].