Financial Performance - The company's revenue for the year ended December 31, 2024, was RMB 58,814,000, a decrease of 16.5% compared to RMB 70,377,000 in 2023[3]. - Gross profit for the same period was RMB 7,668,000, down 47.4% from RMB 14,574,000 in the previous year[3]. - The company reported a loss before tax of RMB 11,617,000, compared to a loss of RMB 8,264,000 in 2023, indicating a worsening financial performance[3]. - Basic loss per share increased to RMB 0.88 from RMB 0.63 in the prior year, reflecting a decline in profitability[3]. - Total sales revenue for the year ending December 31, 2024, was RMB 58,814,000, a decrease from RMB 70,377,000 in 2023, representing a decline of approximately 16.5%[22]. - The group reported a pre-tax loss of RMB 11,617,000 for the year ending December 31, 2024, compared to a loss of RMB 8,264,000 in 2023, indicating a worsening of approximately 40.5%[31]. - The company incurred a loss of approximately RMB 11,617,000 for the year ended December 31, 2024, an increase of 40.6% compared to RMB 8,264,000 in 2023[46]. - The company recorded a revenue of approximately RMB 58,814,000 for the year ended December 31, 2024, a decrease of 16.4% compared to RMB 70,377,000 in 2023[43]. - The revenue from technical support services decreased by approximately 15.8%, contributing to the overall revenue decline due to clients reducing their essential expenditures[44]. Asset and Equity Position - Total assets decreased to RMB 52,075,000 from RMB 61,549,000, indicating a reduction in the company's asset base[4]. - The company's total equity fell to RMB 19,573,000 from RMB 31,190,000, showing a significant decline in shareholder value[5]. - The company had cash and cash equivalents of RMB 28,528,000, down from RMB 35,107,000 in the previous year, indicating reduced liquidity[4]. - The company had outstanding borrowings of RMB 29,291,000 as of December 31, 2024, an increase of 8.8% from RMB 26,919,000 in 2023[50]. - The company's total liabilities to total assets ratio was approximately 67.5% as of December 31, 2024, up from 55.7% in 2023[52]. Sales and Revenue Breakdown - For the year ending December 31, 2024, total sales revenue reached RMB 58,814,000, with software product sales at RMB 1,261,000 and hardware product sales at RMB 1,040,000[13]. - For the year ending December 31, 2023, total sales revenue was RMB 70,377,000, with software product sales at RMB 2,866,000 and hardware product sales at RMB 422,000[15]. - Software product sales decreased to RMB 1,261,000 in 2024 from RMB 2,866,000 in 2023, a decline of about 56%[22]. - Hardware product sales also fell to RMB 1,040,000 in 2024 from RMB 422,000 in 2023, an increase of approximately 146%[22]. - Technical support service revenue was RMB 56,513,000 in 2024, down from RMB 67,089,000 in 2023, a decrease of around 15.7%[22]. - Major customer A contributed RMB 33,833,000 in revenue for 2024, down from RMB 50,158,000 in 2023, a decrease of approximately 32.5%[28]. - The largest customer accounted for 64% of sales in 2024, down from 71% in 2023, while the top five customers accounted for 95% of sales[65]. Operating Expenses and Costs - The group’s total operating expenses for 2024 were RMB 55,954,000, down from RMB 61,375,000 in 2023, reflecting a reduction of approximately 8.5%[30]. - Employee costs for the year ended December 31, 2024, were approximately RMB 55,954,000, down from RMB 61,375,000 in 2023[56]. - Management expenses decreased by 20.8% to approximately RMB 12,336,000 in 2024, primarily due to the closure of the Hong Kong office and reduced employee costs[45]. - Research and development expenses increased by 19.0% to approximately RMB 7,893,000 in 2024, up from RMB 6,631,000 in 2023[46]. - Other income decreased by 69.9% to approximately RMB 463,000 in 2024, down from RMB 1,537,000 in 2023, mainly due to a reduction in government subsidies[45]. Cash Flow and Liquidity - The company reported a net cash outflow of approximately RMB 6,579,000 for the year ended December 31, 2024, compared to a net cash inflow of RMB 19,789,000 in 2023[49]. - The average turnover days for trade receivables and contract assets decreased by 9 days to 103 days in 2024, compared to 112 days in 2023[47]. Corporate Governance and Compliance - The company has established sufficient risk management procedures to identify and control various risks in line with the best interests of the company and its shareholders[55]. - The company has adhered to the GEM Listing Rules regarding the conduct of securities transactions by directors during the twelve-month period ending December 31, 2024[71]. - The audit and risk management committee has reviewed the audited consolidated financial statements for the year ending December 31, 2024, before submission to the board for approval[73]. - Deloitte has confirmed that the preliminary financial data published for the year ending December 31, 2024, is consistent with the audited consolidated financial statements[72]. - The board of directors currently consists of five executive directors and three independent non-executive directors, following the appointment of a new independent non-executive director on March 28, 2024[75]. - The company recognizes the importance of high corporate governance standards to enhance performance, transparency, and accountability to gain shareholder and public confidence[70]. Business Strategy and Future Outlook - The company is engaged in software product development and sales, hardware sales, and technical support services, focusing on expanding its market presence[7]. - There were no significant new product launches or technological advancements mentioned during the earnings call, indicating a potential area for future growth[3]. - The company expects to recognize revenue of RMB 549,000 from remaining performance obligations related to software products and maintenance services in 2024, down from RMB 821,000 in 2023[19]. - The company aims to leverage emerging business models to enhance profitability and inject new vitality into long-term development[41]. - The company successfully completed a pilot project in one province in 2024 and plans to gradually expand the cooperation scope to achieve stable revenue growth[41].
新利软件(08076) - 2024 - 年度业绩