Financial Performance - For the year ended December 31, 2024, the Group recorded revenue of approximately RMB22,279,000, representing an increase of approximately RMB496,000 over the previous year[21]. - The gross profit margin increased to 7.94% in 2024 from 7.46% in 2023, primarily due to reduced cost of sales[41]. - Loss attributable to shareholders decreased to approximately RMB1,298,000 in 2024, a reduction of approximately RMB2,216,000 compared to the previous year[43]. - Administrative expenses increased by approximately RMB92,000, totaling RMB2,663,000 in 2024[42]. - Other income and gains decreased to approximately RMB6,000 in 2024 from RMB18,000 in 2023[45]. - The net loss attributable to shareholders decreased to approximately RMB1,298,000 in 2024 from RMB3,514,000 in 2023, a reduction of approximately RMB2,216,000[45]. Corporate Governance - The board of directors confirmed that the information in the report is accurate and complete in all material respects, with no misleading or deceptive elements[10]. - The company has a diverse board of directors, including four executive directors and three independent non-executive directors[14]. - The audit committee is chaired by an independent non-executive director, ensuring oversight of financial reporting[15]. - The Board currently consists of 7 Directors, including 4 executive Directors and 3 independent non-executive Directors[86]. - The Group's risk management and internal control systems are detailed on pages 42 to 43 of the report[81]. - The Company maintained a sufficient public float as required under the GEM Listing Rules during the year ended 31 December 2024[197]. Market and Business Strategy - The company operates in the GEM market, which is designed for small and mid-sized companies, indicating a higher investment risk compared to other companies listed on the Stock Exchange[7]. - The Group is actively developing industrial electronic intelligent control equipment and plans to launch a variety of high-end CNC machine tool and optical machine products[36]. - The Group has signed letters of intent for cooperation with several agent dealers, focusing on expanding business in multiple cities including Hangzhou, Shanghai, and Nanjing[37]. - The Group's marketing team is focused on increasing new sales customers and exploring more city markets[37]. - The Group is actively expanding its product and sales markets, focusing on electronic components and industrial electronic intelligent control systems[57]. Economic Environment - The overall economic environment in China remains challenging, with expected further slowdown in economic growth and increasing competition and production costs[24]. - The Group will continue to implement strict cost control measures to mitigate losses and enhance market competitiveness[41]. Financial Position - Current assets decreased to approximately RMB12,041,000 in 2024 from RMB13,173,000 in 2023, a decrease of approximately RMB1,132,000[47]. - Current liabilities increased to approximately RMB65,607,000 in 2024 from RMB65,464,000 in 2023, an increase of approximately RMB143,000[48]. - The Group's net liabilities increased to approximately RMB53,445,000 in 2024 from RMB52,147,000 in 2023[49]. - Bank borrowings increased to approximately RMB2,952,000 in 2024 from RMB2,000,000 in 2023[51]. - As of December 31, 2024, the Group faced liquidity risk with net current liabilities of approximately RMB53,566,000[132]. Shareholder Information - The Board does not recommend the payment of a final dividend for the year ended December 31, 2024 (2023: Nil)[79]. - As of December 31, 2024, the controlling shareholder, Zhejiang RuiYuan Intelligent Robot Company Limited, pledged 322,675,000 domestic shares, representing approximately 64.535% of the total issued share capital of the Company[171]. - Mr. He Keng holds 370,000,000 domestic shares, which accounts for approximately 74% of the entire issued share capital of the Company as of December 31, 2024[177]. - No material interest in any significant contracts was reported by the controlling shareholders during the year ended December 31, 2024[170]. - The Company did not enter into any significant contracts with its controlling shareholders or their subsidiaries during the reporting period[173]. Compliance and Regulations - The Group was in compliance with all applicable laws and regulations during the year ended December 31, 2024[82]. - There were no significant events after the reporting period as of the date of this report[78]. - The Group has maintained compliance with all relevant laws and regulations throughout the reporting period[82].
瑞远智控(08249) - 2024 - 年度业绩