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佐力小贷(06866) - 2024 - 年度业绩
ZUOLI M-FINZUOLI M-FIN(HK:06866)2025-03-18 14:14

Financial Performance - For the fiscal year ending December 31, 2024, the company reported interest income of RMB 196,354,000, a decrease of 16.9% from RMB 236,165,000 in 2023[4] - Net interest income for the same period was RMB 155,842,000, down 16.7% from RMB 187,149,000 in the previous year[4] - The net profit for the year was RMB 65,397,000, a decrease of 32.3% compared to RMB 96,636,000 in 2023[4] - Basic and diluted earnings per share were RMB 0.05, down from RMB 0.08 in the previous year, representing a decline of 37.5%[4] - The company's profit attributable to equity shareholders for the year ended December 31, 2024, was RMB 62,440,000, a decrease of 32.6% from RMB 92,650,000 in 2023[93] - The total profit and comprehensive income for the year decreased from RMB 10,666 thousand in 2023 to RMB 8,276 thousand in 2024, a decline of approximately 22.4%[120] Asset and Liability Management - Total assets decreased to RMB 2,578,519,000 from RMB 2,657,317,000, reflecting a decline of 3.0%[5] - The company's total liabilities decreased to RMB 537,408,000, down 18.0% from RMB 654,603,000 in the previous year[5] - Cash and cash equivalents decreased to RMB 10,515,000 from RMB 17,478,000, a decline of 39.8%[5] - The company’s goodwill decreased to RMB 12,604,000 from RMB 18,005,000, a reduction of 30.0%[5] - The total liabilities as of December 31, 2024, were RMB (538,255) thousand, compared to RMB (666,232) thousand in 2023, representing a decrease of about 19.22%[155] - The company's total liabilities related to lease obligations decreased from RMB 3,154 million in 2023 to RMB 1,918 million in 2024[126] Cash Flow and Financing Activities - Operating cash flow for the year ended December 31, 2024, was RMB 197,548,000, a decrease of 40% from RMB 330,362,000 in 2023[8] - Net cash generated from operating activities was RMB 160,848,000, down 43.5% from RMB 284,948,000 in the previous year[8] - Cash inflow from bank borrowings was RMB 25,000,000, a significant decrease of 66.7% from RMB 75,000,000 in 2023[8] - Total cash outflow from financing activities was RMB 167,854,000, down 40.9% from RMB 284,041,000 in the previous year[8] - The company paid dividends of RMB 23,600,000 to equity shareholders, a reduction of 50% from RMB 47,200,000 in 2023[8] Credit Risk and Loan Management - The total loans and advances to customers amounted to RMB 2,656,268 thousand as of December 31, 2024, a decrease from RMB 2,720,846 thousand in 2023, representing a decline of approximately 2.4%[195] - The total overdue loans as of December 31, 2024, reached RMB 104,956 thousand, a reduction from RMB 124,812 thousand in 2023, reflecting a decrease of approximately 15.93%[106] - The non-performing loan ratio improved to 3.9% in 2024 from 4.6% in 2023, indicating a positive trend in credit quality[200] - The provision coverage ratio increased to 185% in 2024, up from 159% in 2023, reflecting stronger risk management practices[200] - The impairment loss provision for loans was RMB 194,214 thousand in 2024, slightly lower than RMB 198,495 thousand in 2023[200] Operational Efficiency and Strategic Focus - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming fiscal year[4] - The company identified only one reportable segment, primarily focused on providing loan services in Zhejiang Province, China[82] - The company actively explores green loan models, focusing on sectors such as ecological agriculture and renewable energy development[191] Compliance and Accounting Standards - The company’s financial statements comply with all applicable Hong Kong Financial Reporting Standards[9] - The company has not identified any significant reclassifications of liabilities following the adoption of new accounting standards[12] - The company is continuously evaluating its tax provisions based on changes in tax laws, ensuring compliance and optimizing tax liabilities[180] Employee and Management Costs - Employee costs totaled RMB 16,415 thousand in 2024, down 6.9% from RMB 17,641 thousand in 2023[85] - The total remuneration for directors and supervisors for the year 2024 was RMB 2,930,000, compared to RMB 3,330,000 in 2023, indicating a reduction of 12.0%[90] - The highest-paid individual's total remuneration for 2024 was RMB 511,000, slightly down from RMB 521,000 in 2023[92] Investment and Asset Valuation - The fair value of investment properties as of December 31, 2024, was RMB 165 million, down from RMB 191 million in 2023[124] - The company acquired a 6% stake in Xingyao Microfinance for a total consideration of RMB 8,244 thousand, increasing its ownership from 60% to 66%[121] - The company is actively reviewing its financial assets for impairment, utilizing expected credit loss models to assess potential losses[176]