Financial Performance - Total revenue for the year ended December 31, 2024, reached RMB 408,585,000, a significant increase of 573.5% compared to RMB 60,646,000 in 2023[2] - Gross profit for the same period was RMB 46,014,000, up from RMB 26,045,000, reflecting a growth of 76.8%[2] - Operating profit surged to RMB 84,474,000, compared to RMB 4,322,000 in the previous year, marking an increase of 1,960.4%[3] - Net profit attributable to equity holders was RMB 72,737,000, a substantial rise from RMB 5,550,000, representing an increase of 1,115.5%[3] - Basic and diluted earnings per share increased to RMB 0.321 from RMB 0.033, reflecting a growth of 871.2%[3] - Total comprehensive income for the year was RMB 78,791,000, compared to RMB 6,374,000 in 2023, indicating a growth of 1,136.5%[5] - The company recorded a significant gain from the sale of financial assets, with realized gains of RMB 99,138,000 in 2024 compared to RMB 23,854,000 in 2023, representing an increase of about 315%[28] - For the fiscal year ending December 31, 2024, the group recorded a profit of approximately RMB 73,561,000, a significant increase from RMB 3,801,000 in 2023, representing a growth of over 1,838%[52] Revenue Sources - The company reported a significant increase in software sales, with revenue from software licenses and hardware products reaching RMB 371,808,000, up from RMB 24,395,000, a growth of 1,426.5%[15] - The software and hardware business generated revenue of RMB 407,756,000 in 2024, a significant increase from RMB 60,084,000 in 2023, representing a growth of approximately 577%[21] - Major customer C1 contributed RMB 142,124,000 to the revenue in 2024, while major customer D1 contributed RMB 164,956,000, indicating strong reliance on key clients[27] Assets and Liabilities - Non-current assets increased to RMB 43,973,000 from RMB 12,483,000, reflecting a growth of 252.5%[7] - Current assets totaled RMB 516,109,000, compared to RMB 290,281,000 in the previous year, indicating an increase of 77.8%[7] - The company's total equity increased to RMB 421,125,000 from RMB 264,141,000, representing a growth of 59.5%[8] - Total assets for the reportable segment increased to RMB 549,483,000 in 2024 from RMB 269,922,000 in 2023, reflecting a growth of about 103%[23] - Reportable segment liabilities rose to RMB 130,698,000 in 2024, up from RMB 29,627,000 in 2023, marking an increase of approximately 341%[23] - The company’s total liabilities increased to RMB 138,957,000 in 2024 from RMB 38,623,000 in 2023, reflecting a growth of approximately 260%[23] Cash Flow and Investments - As of December 31, 2024, the group's cash and cash equivalents amounted to approximately RMB 160,575,000, down from RMB 177,805,000 in 2023, indicating a decrease of about 9.5%[53] - The company invested RMB 35,443,000 in non-current assets during the year, up from RMB 7,761,000 in the previous year, indicating a focus on expansion and development[21] - The group raised approximately HKD 85,293,000 from the placement of 40,810,000 shares at a price of HKD 2.09 per share, with net proceeds of about HKD 84,347,000 after expenses[60] - The group intends to allocate approximately 96% of the net proceeds from the rights issue (about HKD 98,553,000) for general operating funds related to the industrial park software project[65] - The company invested 15% equity in Beijing Longteng Haida Technology Development Co., Ltd. to enhance market penetration in the Chinese enterprise sector, leveraging its technology advantages in cloud platforms and AI tools[70] Expenses and Costs - Financing costs increased to RMB 9,186,000 in 2024 from RMB 918,000 in 2023, attributed to higher interest expenses on borrowings[48] - Distribution expenses rose to RMB 21,921,000 in 2024 from RMB 15,918,000 in 2023, driven by increased employee and sales costs[45] - Employee costs for the year amounted to approximately RMB 32,302,000, an increase from RMB 25,182,000 in the previous year, with a total of 130 full-time employees as of December 31, 2024[77] Strategic Outlook - The company aims to enhance its position in the digital economy, focusing on data elements, data asset operations, and artificial intelligence computing[83] - Future strategies include building a "three chains and one circle" framework, focusing on innovation, industry, and finance for overall synergy[83] - The company plans to leverage its technological and capital advantages to empower various nodes in the industrial ecosystem through investment and incubation[84] - The company will continue to optimize its advantages in data elements and edge computing to promote business innovation and create shareholder value[84] Dividends and Share Issuance - The company did not declare any dividends for the year ended December 31, 2024, consistent with 2023[31] - The board did not recommend the payment of a final dividend for the year ending December 31, 2024, consistent with the previous year[80] - The company’s weighted average number of ordinary shares increased to 226,490,234 in 2024 from 168,968,574 in 2023, reflecting the issuance of new shares[32] Audit and Compliance - The audit committee has reviewed the audited financial statements for the year ending December 31, 2024[94] - No purchases, sales, or redemptions of the company's listed securities were made during the year ending December 31, 2024[86]
企展控股(01808) - 2024 - 年度业绩