Financial Performance - The company reported total revenue of RMB 484.46 million for the fiscal year ending December 31, 2024, compared to RMB 741.37 million in the previous year, representing a decrease of approximately 34.7%[5] - Gross profit for the year was RMB 25.07 million, up from RMB 21.55 million, indicating an increase of about 16.5%[5] - The net profit for the year was RMB 9.87 million, down from RMB 11.48 million, reflecting a decline of approximately 13.2%[6] - Basic earnings per share decreased to RMB 2.32 from RMB 4.55, a drop of about 48.9%[5] - The total comprehensive income for the year was RMB 9.87 million, down from RMB 11.48 million, indicating a decrease of approximately 13.2%[6] Income and Expenses - The company recorded other income and gains of RMB 4.28 million, compared to RMB 4.95 million in the previous year, a decrease of approximately 13.5%[5] - Administrative expenses increased to RMB 14.56 million from RMB 11.29 million, representing a rise of about 29.9%[5] - The company recognized an impairment loss on goodwill of RMB 1.89 million, which was not present in the previous year[5] - Sales and distribution expenses increased from RMB 3,096,000 to approximately RMB 3,581,000, reflecting a growth of about 15.7% due to rising transportation and employee costs[78] - Administrative expenses rose to approximately RMB 14,555,000 for the fiscal year ending December 31, 2024, a 28.9% increase from RMB 11,291,000 for the previous year, driven by higher general administrative costs and legal and professional fees[79] Assets and Liabilities - As of December 31, 2024, total non-current assets amounted to RMB 23,752,000, while in 2023, it was RMB 26,878,000, reflecting a decrease of approximately 7.9%[8] - Current assets increased to RMB 178,674,000 in 2024 from RMB 167,036,000 in 2023, representing a growth of about 6.5%[8] - Total liabilities for current liabilities decreased slightly from RMB 13,975,000 in 2023 to RMB 13,799,000 in 2024, indicating a reduction of approximately 1.3%[9] - The net value of current assets rose to RMB 164,875,000 in 2024, compared to RMB 153,061,000 in 2023, marking an increase of around 7.6%[8] - Total equity increased from RMB 163,024,000 in 2023 to RMB 173,943,000 in 2024, showing a growth of approximately 6.7%[9] Cash Flow and Financing - The company reported cash and cash equivalents of RMB 148,426,000 in 2024, up from RMB 143,391,000 in 2023, which is an increase of about 3.5%[8] - The total value of non-current liabilities decreased from RMB 16,915,000 in 2023 to RMB 14,684,000 in 2024, reflecting a decline of approximately 13.2%[9] - The company's total assets decreased from RMB 188,627,000 in 2023 to RMB 179,939,000 in 2024, indicating a decrease of about 4.6%[8] - The company has a revolving credit facility of RMB 8,276,000 with a Chinese bank, of which RMB 5,790,000 was drawn down, with a repayment term of three years[62] Equity Interests and Subsidiaries - The company reported a total registered capital of RMB 70 million for Shanghai Tie An Pressure Vessel (Group) Co., with a direct equity interest of 90%[15] - Shanghai Anhang Marine Fire Equipment Co. has a registered capital of RMB 5 million and a direct equity interest of 90%, focusing on sales of marine fire equipment and related installation and testing services[15] - The company holds a 90% direct equity interest in Shanghai Liming Fire Testing Co., which provides fire technology testing services, with a registered capital of RMB 5 million[15] - Shanghai Yuanpeng International Trade Co. has a registered capital of RMB 5 million and a 99% indirect equity interest, engaged in trading pressure vessels and other products[15] - The company has a 59.4% indirect equity interest in Shanghai High Pressure Special Cylinder Co., with a registered capital of RMB 19.17 million, focusing on leasing industrial properties[15] Financial Reporting Standards - The financial statements are prepared in accordance with International Financial Reporting Standards and comply with the applicable disclosure requirements of the GEM Listing Rules[17] - The company has adopted revised International Financial Reporting Standards for the first time in the current financial year[22] - The group plans to apply new and revised International Financial Reporting Standards when they become effective, as applicable[25] - International Financial Reporting Standard (IFRS) 18 introduces new presentation requirements for income statements, categorizing all income and expenses into five categories: operating, investing, financing, income tax, and discontinued operations[27] Segment Performance - The company operates six reportable segments: Firefighting Equipment, Aquatic Products, Marine Firefighting Equipment, Testing Services, Property Investment, and Trading[36] - Adjusted profit/loss before tax is used to evaluate segment performance, excluding interest income, government grants, and certain financial assets[34] - The segment revenue from external customers for firefighting equipment was RMB 23,447,000, while for aquatic products it was RMB 27,315,000, indicating a shift in revenue distribution[38] Employee and Management - The group had 98 employees as of December 31, 2024, compared to 84 employees in 2023, reflecting a growth of approximately 16.67%[95] - The company’s total compensation for key management personnel during the period was approximately RMB 372,000, compared to RMB 356,000 in the previous year[75] Market Outlook and Strategy - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[5] - Future guidance indicates a cautious outlook due to market volatility and potential risks associated with investments in small and medium-sized enterprises listed on GEM[5] - The company remains confident in its ability to achieve sustainable growth through organic expansion, strategic acquisitions, and continuous innovation[100] - The board is committed to leveraging the group’s strong market position and expanding its product and service range to maximize shareholder value[101]
上海青浦消防(08115) - 2024 - 年度业绩