悦心健康(002162) - 2024 Q4 - 年度财报

Financial Performance - The company reported a total revenue of RMB 921,584,303 for the year 2024, with no cash dividends or stock bonuses distributed to shareholders [4]. - The company's operating revenue for 2024 was ¥1,204,147,736.16, a decrease of 5.79% compared to ¥1,278,144,047 in 2023 [21]. - The net profit attributable to shareholders for 2024 was -¥147,124,591.55, representing a decline of 393.87% from a profit of ¥50,063,818.15 in 2023 [21]. - The net profit after deducting non-recurring gains and losses was -¥167,586,639.58, a 42.12% increase in loss compared to -¥117,920,636.43 in 2023 [21]. - The net cash flow from operating activities decreased by 33.48% to ¥82,229,306.63 from ¥123,616,172.02 in 2023 [21]. - The total assets at the end of 2024 were ¥2,057,924,527.48, down 12.76% from ¥2,358,838,216.90 at the end of 2023 [21]. - The net assets attributable to shareholders decreased by 16.72% to ¥826,496,223.46 from ¥992,468,338.54 at the end of 2023 [21]. - The company reported a significant uncertainty regarding its ability to continue as a going concern, as indicated in the audit report [22]. - The company reported a net loss of RMB 147,124,591.55 for the consolidated financial statements in 2024, with the parent company reporting a net loss of RMB 542,266,812.44 [145]. Business Strategy and Outlook - Future outlook indicates a focus on expanding health management consulting services and technology development in the medical field [4]. - The company plans to enhance its product offerings in precision ceramics and health management consulting, aligning with market trends [20]. - No acquisitions or mergers were mentioned in the report, indicating a potential focus on organic growth strategies [4]. - The company aims to enhance its core competitiveness in the building materials sector by focusing on market-oriented product development and digital marketing strategies [98]. - The company plans to expand its health and wellness services, targeting the integration of medical and elderly care services, and aims to enhance its core competitiveness through digital transformation [101]. - The company will implement a dual-brand strategy, with "Simic" for building materials and "Yuexin" for health services, focusing on a five-in-one model of medical care, health, education, and research [103]. Market and Industry Trends - The company’s building materials business focuses on high-end ceramic brand "Simik," with a diverse product range including glazed tiles and artistic ceramics [40]. - The industry’s actual production in 2024 is expected to be 5.2 billion square meters, a 23% decline year-on-year [32]. - The retail sales of building and decoration materials in China decreased by 2% year-on-year, while the total retail sales of social consumer goods grew by 3.5% to CNY 487,895 billion [39]. - The company anticipates that the building ceramics industry will continue to evolve towards sustainability and smart manufacturing, driven by consumer demand and regulatory policies [92]. Governance and Compliance - The company emphasizes compliance with regulatory requirements for its business operations, particularly in health-related services [20]. - The governance structure of the company is in compliance with relevant regulations and does not have unresolved governance issues [109]. - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, and business operations [110]. - The company has established a commitment to provide financial support for a period of 12 months to assist in resolving short-term liquidity issues [181]. Environmental Management - The company has a valid pollution discharge permit effective until October 16, 2027, ensuring compliance with environmental regulations [162]. - The company’s environmental management practices include strict control over pollutant emissions to meet industry standards [161]. - Jiangxi Smick's environmental protection investment for 2024 amounted to 3.1924 million yuan, with an environmental protection tax payment of 38,000 yuan [170]. - Jiangxi Smick has implemented an online monitoring system for emissions, which is connected to various environmental protection platforms for real-time data tracking [169]. Human Resources and Talent Development - The total number of employees at the end of the reporting period is 803, with 590 in the parent company and 213 in major subsidiaries [137]. - The company conducted a total of 162 training sessions in 2024, enhancing employee skills and supporting distributors [140]. - The company emphasizes performance management and has established a comprehensive performance management system to motivate employees [139]. - The company has a dedicated human resources department that operates independently from the controlling shareholder [110]. Shareholder and Executive Changes - The company experienced a change in executive leadership, with the resignation of the president, Yu Jing, effective December 31, 2024 [114]. - The company appointed Wang Qixin and Ye Kuangshi as independent directors on June 7, 2024, to fill vacancies [114]. - The company’s board composition reflects a mix of experienced professionals from various industries, which may contribute to its growth strategy [115][116][117][118]. Research and Development - Research and development expenses decreased by 22.43% to ¥7,918,208.12 compared to the previous year [74]. - The number of R&D personnel decreased by 29.22% to 109, with the proportion of R&D personnel in the total workforce dropping to 13.57% [78]. - Total R&D investment was ¥28,272,245.30, a decrease of 6.02% from the previous year, while the ratio of R&D investment to operating income remained stable at 2.35% [79]. Financial Commitments and Transactions - The company has established a comprehensive performance evaluation and incentive mechanism for senior management, linking their interests with those of shareholders [152]. - The company granted 970,000 stock options to 53 incentive targets at an exercise price of RMB 3.41 per share as part of the 2023 stock option incentive plan [147]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period [184]. - The company has fulfilled all commitments related to avoiding competition and regulating related transactions as of the reporting period [180].