Financial Performance - The company's revenue for the year ending December 31, 2024, was RMB 787.2 million, a decrease of 3.9% compared to RMB 815.1 million for the year ending December 31, 2023[6]. - Gross profit for the year ending December 31, 2024, was RMB 567.0 million, down from RMB 605.4 million for the previous year, reflecting a decline of 6.3%[6]. - Net profit increased by 234.4% to RMB 1,004.3 million for the year ending December 31, 2024, compared to RMB 300.4 million for the year ending December 31, 2023[6]. - Adjusted net profit (non-IFRS measure) for the year ending December 31, 2024, was RMB 211.4 million, slightly down from RMB 225.6 million for the previous year[6]. - Basic earnings per share for the year ending December 31, 2024, was RMB 1.52, compared to RMB 0.93 for the year ending December 31, 2023[7]. - The company reported a significant increase in fair value changes of convertible redeemable preferred shares, rising to RMB 870.2 million from RMB 209.3 million[7]. - The company’s total comprehensive income attributable to equity shareholders for the year ending December 31, 2024, was RMB 1,004.3 million, compared to RMB 300.5 million for the previous year[10]. - The company reported a pre-tax profit of RMB 1,018,434 thousand for the year ending December 31, 2024, a significant increase from RMB 320,251 thousand in 2023, representing a growth of approximately 217%[14]. - Total revenue for the year ended December 31, 2024, was RMB 787,218 thousand, a decrease of 3.4% from RMB 815,085 thousand in 2023[26]. - Total segment profit for the year ended December 31, 2024, was RMB 525,194 thousand, slightly down from RMB 529,627 thousand in 2023, reflecting a decrease of 0.8%[35]. Expenses and Costs - The company’s operating expenses, including sales and marketing, decreased significantly to RMB 170.9 million from RMB 233.6 million[7]. - Research and development expenses for the year ending December 31, 2024, were RMB 139.1 million, an increase from RMB 121.7 million in the previous year[7]. - Sales and marketing expenses decreased by 26.8% from RMB 2,336 million in 2023 to RMB 1,710 million in 2024, due to a more cautious promotional strategy[127]. - Administrative expenses increased by 18.4% from RMB 320 million in 2023 to RMB 379 million in 2024, mainly due to higher professional service fees[128]. - R&D expenses rose by 14.3% from RMB 1,217 million in 2023 to RMB 1,391 million in 2024, reflecting continued investment in product development[129]. Cash Flow and Assets - Operating cash flow for the year was RMB 109,037 thousand, compared to RMB 230,220 thousand in 2023, indicating a decrease of about 53%[14]. - The company’s cash and cash equivalents increased to RMB 1,057,253 thousand from RMB 685,522 thousand, marking a growth of around 54%[17]. - Total assets amounted to RMB 1,752,913 thousand as of December 31, 2024, up from RMB 1,475,002 thousand in 2023, reflecting an increase of approximately 19%[12]. - The net cash generated from financing activities was RMB 202,091 thousand, a significant improvement compared to a net cash used of RMB 10,250 thousand in 2023[17]. - The company recorded a net cash inflow from investment activities of RMB 58,737 thousand, recovering from a net cash outflow of RMB 197,707 thousand in the previous year[17]. - The company had no outstanding borrowings or unused bank financing as of December 31, 2024[151]. - The net value of current assets as of December 31, 2024, was RMB 1 billion, compared to RMB 3.4 billion as of December 31, 2023, primarily due to the conversion of preferred shares into common stock[154]. Market and Growth Strategy - The company aims to continue expanding its market presence and investing in new technologies to drive future growth[6]. - The company plans to expand its market presence in China, focusing on ride-hailing and smart rental car services, which are expected to drive future growth[19]. - The company aims to build a sustainable mobility ecosystem through product and technology innovation in both carpooling and taxi services[107]. - The company plans to enhance user engagement through algorithm improvements and explore new scenarios for ride-sharing, such as employee commuting and university campus transportation[109]. - The company aims to implement smart taxi services in selected cities, adapting to dynamic pricing policies to compete with ride-hailing services[110]. Shareholder and Equity Information - The company did not declare or propose any dividends for the year ended December 31, 2024, consistent with 2023[43]. - The company has established equity-based compensation plans to reward eligible employees for their contributions[80]. - The total share-based payment expenses recognized in the consolidated income statement for the year ended December 31, 2024, amounted to RMB 40,034,000, compared to RMB 110,351,000 for 2023, indicating a decrease of approximately 63.7%[81]. - The company issued convertible redeemable preferred shares, converting to 618,319,313 ordinary shares at a fair value of HKD 6.00 per share (approximately RMB 5.48)[55]. - The company aims to maintain a public shareholding of at least 25% to comply with listing requirements[78]. Compliance and Governance - The audit committee, consisting of three independent non-executive directors, has reviewed and confirmed the accounting principles and policies adopted by the group for the year ending December 31, 2024[174]. - The financial figures for the consolidated financial statements for the year ending December 31, 2024, have been agreed upon by the auditor, ensuring consistency with the audited financial statements[175]. - There have been no significant events that require disclosure since the end of the reporting period[176]. - The company has consistently complied with the minimum public float requirements since the listing date[169]. - The company has adopted a standard code of conduct for employees regarding securities trading, confirming compliance from the listing date until December 31, 2024[173].
嘀嗒出行(02559) - 2024 - 年度业绩