Financial Performance - Revenue increased by 23.95% to approximately RMB 96,359,000[3] - Gross profit rose from approximately RMB 1,450,000 to approximately RMB 3,010,000, representing a 107.02% increase[3] - Pre-tax loss narrowed by 8.43% to RMB 19,259,000[3] - Annual loss decreased by 5.22% to RMB 18,816,000[3] - Basic and diluted loss per share improved to RMB 1.80 from RMB 2.23, a reduction of 19.28%[3] - Revenue for the year ended December 31, 2024, reached RMB 96,359,000, an increase of 23.8% compared to RMB 77,739,000 in 2023[31] - The group reported a pre-tax loss of RMB 19,259,000 for 2024, compared to a loss of RMB 21,031,000 in 2023, indicating an improvement[40] - The loss attributable to the owners of the company decreased by about 3.86% to RMB 18,850,000 from RMB 19,600,000 in the previous fiscal year[80] Assets and Liabilities - Total assets increased by 15.10% to RMB 158,662,000[5] - Total assets as of December 31, 2024, amounted to RMB 158,662 thousand, an increase from RMB 137,849 thousand in 2023, showing a growth of 15.1%[23][24] - The total liabilities for the group as of December 31, 2024, were RMB 111,693 thousand, compared to RMB 104,687 thousand in 2023, representing an increase of 6.4%[23][24] - The group's debt-to-equity ratio improved to 0.99 as of December 31, 2024, down from 1.98 a year earlier[119] - The current ratio as of December 31, 2024, was approximately 1.10, compared to 1.46 on December 31, 2023[119] Cash Flow and Investments - Cash and cash equivalents increased to RMB 20,293,000 from RMB 13,092,000[12] - Capital expenditures for the year 2024 totaled RMB 1,172 thousand, a decrease from RMB 84,365 thousand in 2023, indicating a significant reduction in investment[23][24] - Other income, including bank interest, rose to RMB 604,000 in 2024 from RMB 191,000 in 2023, marking a significant increase of 215.7%[37] - Finance costs increased to RMB 6,259,000 in 2024, up from RMB 4,236,000 in 2023, primarily due to higher borrowing costs[38] Segment Performance - The adjusted loss before tax for the marble block segment was RMB 2,412 thousand in 2024, compared to a loss of RMB 2,159 thousand in 2023, indicating a decline in performance[23][24] - The trading segment reported a profit of RMB 1,561 thousand in 2024, up from a profit of RMB 577 thousand in 2023, reflecting a strong improvement in this area[23][24] - Revenue from the coal trading segment was approximately RMB 95,880,000, up from RMB 77,740,000 in the 2023 fiscal year, reflecting a recovery in business operations[68] - Revenue from the marble and related business segment was approximately RMB 480,000 for the fiscal year, as the company prepared for the expansion of the Yiduo Rock project[83] Shareholder Returns - The company did not recommend a final dividend for the year ending December 31, 2024[3] - The company did not recommend any dividend payment for the year ended December 31, 2024, consistent with 2023[45] - The board has proposed not to declare a final dividend for the year[140] Compliance and Governance - The company has adopted the corporate governance code as per the listing rules and has complied with applicable provisions during the year[136] - The board of directors confirmed compliance with the standard code regarding securities trading throughout the year[138] - The group's financial statements have been audited by a qualified firm, which is willing to accept reappointment at the upcoming annual general meeting[141] Future Outlook and Strategy - The company plans to continue focusing on market expansion and product development to drive future growth[31] - The company aims to become a well-known supplier of marble blocks in China, with strategies including the development of the Yiduo Rock project and selective acquisitions to expand resource volume and reserves[112] - The company is actively seeking suppliers for coal based on type, quality, quantity, and price to meet customer demands following the recovery of coal trading operations[68] - The company is monitoring market demand and customer preferences closely to mitigate risks associated with reliance on a single type of marble product[104] Risks and Challenges - The company faces risks related to reliance on a single mining project, which may affect its revenue and cash flow if development delays occur[102] - The company has identified various operational risks, including unexpected maintenance issues and natural disasters, which could significantly impact its business performance[105] Environmental and Regulatory Compliance - The company has implemented various measures to minimize environmental impact and comply with relevant environmental laws and regulations[87] - The company has complied with all applicable laws and regulations in Hong Kong and China during the fiscal year, obtaining all necessary approvals and licenses for its operations[89]
高鹏矿业(02212) - 2024 - 年度业绩