Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of RMB 91,706,000, an increase of 38.4% compared to RMB 66,323,000 for the previous year[6] - The cost of sales for the fiscal year was RMB 66,207,000, which represents a 36.3% increase from RMB 48,582,000 in the prior year[6] - Gross profit for the year was RMB 25,499,000, reflecting a 43.8% increase compared to RMB 17,741,000 from the previous year[6] - The company recorded a net loss of RMB 8,258,000 for the fiscal year, an improvement from a net loss of RMB 21,634,000 in the previous year[6] - Basic loss per share for the year was RMB 0.83, compared to RMB 2.55 in the prior year, indicating a reduction in losses per share[6] Assets and Liabilities - Total assets increased to RMB 49,472 million in 2024 from RMB 40,460 million in 2023, representing a growth of 22.4%[7] - Current liabilities rose to RMB 15,448 million in 2024 compared to RMB 11,786 million in 2023, indicating an increase of 31.3%[7] - Net current assets improved to RMB 34,024 million in 2024, up from RMB 28,674 million in 2023, reflecting a growth of 18.6%[7] - Total equity increased to RMB 34,803 million in 2024 from RMB 28,372 million in 2023, marking a rise of 22.9%[7] - Cash and cash equivalents reached RMB 21,062 million in 2024, compared to RMB 19,725 million in 2023, showing an increase of 6.8%[7] Revenue Breakdown - Revenue from sales of printed products increased to RMB 28,584,000 in 2024 from RMB 25,319,000 in 2023, representing an increase of approximately 9%[13] - Revenue from sales of woven labels rose to RMB 13,443,000 in 2024 compared to RMB 10,739,000 in 2023, marking a growth of about 25%[13] - The group’s revenue from garment manufacturers increased to RMB 50,582,000 in 2024 from RMB 41,632,000 in 2023, showing a growth of approximately 21%[13] Taxation and Compliance - The group is subject to a corporate income tax rate of 25% in China, with a preferential rate of 15% applicable to certain qualifying subsidiaries[16][17] - The group’s income tax provision for the year was RMB 252,000, compared to RMB 233,000 in the previous year, reflecting a slight increase[16] - The income tax expense for 2024 was calculated at RMB 2,002,000, reflecting a tax rate of 25% based on the pre-tax loss[18] Employee and Operational Costs - The total employee costs, including salaries and benefits, rose to RMB 24,481,000 in 2024 from RMB 19,049,000 in 2023, reflecting a 28% increase[20] - The company experienced a foreign exchange loss of RMB 53,000 in 2024, down from RMB 111,000 in 2023, suggesting improved currency management[22] - Employee costs, including director remuneration, amounted to approximately RMB 33.1 million for the year ending December 31, 2024, compared to approximately RMB 24.7 million in 2023, representing an increase of about 34.2%[54] Shareholder Information - The company did not declare or approve any dividends for the years ending December 31, 2024, and December 31, 2023[24] - Total issued and fully paid shares as of December 31, 2024, amounted to 1,020,000,000 shares[27] - The board of directors resolved not to declare any final dividend for the fiscal year ending December 31, 2024, consistent with the previous year[48] Strategic Initiatives - The group plans to continue investing more resources in marketing to attract potential customers and expand its customer base[34] - The group is exploring new business opportunities, including the production and sale of functional textile products[34] - The acquisition of 90% of Shenzhen Guansheng Tong Technology Co., Ltd. is expected to diversify the group's business scope and expand future revenue sources[32] Governance and Compliance - The company has adhered to all applicable corporate governance codes as of December 31, 2024, ensuring transparency and accountability[80] - The company has confirmed full compliance with the trading standards set out in the GEM Listing Rules as of December 31, 2024[81] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the consolidated financial statements for the year ending December 31, 2024, and found them to comply with applicable accounting standards and GEM Listing Rules[82] Future Outlook - The company aims to optimize debt and equity balance to enhance shareholder returns while ensuring ongoing operations[29] - The company plans to invest HKD 5.1 million in information technology companies or projects, with HKD 0.3 million allocated for operational funding[68] - The company aims to enhance its production capabilities and expand its market presence through strategic investments and acquisitions[71]
新达控股(08471) - 2024 - 年度业绩