Financial Performance - The total revenue for the year ended December 31, 2024, was RMB 128,627,000, representing a 41.2% increase from RMB 91,030,000 in the previous year[3] - Gross profit for the same period was RMB 102,101,000, up 38.3% from RMB 73,825,000 in 2023[3] - The net profit attributable to the owners of the company increased to RMB 31,943,000, compared to RMB 16,353,000 in the prior year, marking a growth of 95.9%[3] - Basic and diluted earnings per share rose to RMB 7.70, up from RMB 3.94 in the previous year, reflecting a 95.9% increase[3] - The company reported a pre-tax profit of RMB 38,390,000, up from RMB 24,779,000, which is an increase of 54.8%[16] - The company reported a net profit attributable to owners of approximately RMB 31.9 million for the year ending December 31, 2024, compared to RMB 16.4 million for the previous year, driven by new business development[47] Revenue Segments - Revenue from mobile phone top-up and data services was RMB 104,232,000, up from RMB 83,854,000, reflecting a growth of 24.3%[12] - The digital marketing services segment generated RMB 21,217,000 in commission income, a significant increase from RMB 2,454,000, marking a growth of 765.5%[12] - The company's digital marketing services revenue reached approximately RMB 24.1 million in 2024, significantly up from RMB 6.6 million in 2023, accounting for about 18.7% of total revenue[35] - The total transaction value for mobile phone recharge services increased from approximately RMB 84.4 million in 2023 to about RMB 104.5 million in 2024[34] Expenses - Research and development expenses increased to RMB 12,529,000, compared to RMB 7,914,000 in 2023, indicating a 58.5% rise[3] - The company reported a significant increase in distribution and selling expenses, which rose to RMB 16,531,000 from RMB 9,976,000, a 65.5% increase[3] - Cost of revenue increased by approximately 42.4% to about RMB 23.5 million for the year ending December 31, 2024, primarily due to rising costs associated with digital marketing services[39] - Distribution and selling expenses increased by approximately 65.0% to about RMB 16.5 million, attributed to restructuring of the marketing team in response to business expansion[42] - Research and development expenses rose by approximately 58.2% to about RMB 12.5 million, primarily due to increased employee costs[44] Assets and Liabilities - Trade receivables increased significantly to RMB 284,437,000 from RMB 179,453,000, a growth of 58.5%[4] - Current assets totaled RMB 555,764,000, up from RMB 404,015,000, representing a 37.5% increase[4] - The company's total equity increased to RMB 308,643,000 from RMB 279,302,000, a rise of 10.5%[4] - Trade payables as of December 31, 2024, were RMB 42.41 million, compared to RMB 25.17 million in 2023[31] - The debt ratio rose significantly from approximately 10.7% to 39.5% due to increased borrowings during the reporting period[53] Corporate Governance and Future Plans - The company has established a financial risk management policy to ensure that all payables do not exceed the credit period of approximately 90 days[30] - The company has no plans to declare dividends for the fiscal year 2023[24] - The company did not declare a final dividend for the fiscal year ending December 31, 2024[63] - There were no significant investments or acquisitions planned for the fiscal year ending December 31, 2024[60] - The company has adopted a new share option plan and a new share incentive plan as of October 30, 2024, replacing the previous plans[65] Government Support and Subsidies - Government subsidies received amounted to RMB 8,159,000, compared to RMB 2,980,000 in the previous year, reflecting a growth of 174.5%[19] Audit and Compliance - The audit committee has reviewed the annual performance for the year ending December 31, 2024, and agreed with the accounting principles adopted by the group[73] - The company has adhered to all applicable corporate governance codes throughout the year[72] Miscellaneous - The company has made a capital commitment of RMB 5.1 million related to the establishment of Shenzhen Yingsheng Huitang Technology Co., Ltd.[56] - The net proceeds from the IPO amounted to approximately HKD 52.0 million, with a detailed allocation plan outlined in the prospectus[66] - As of December 31, 2024, the unutilized balance of the net proceeds is approximately HKD 2.4 million, intended for potential acquisitions of complementary businesses and assets[66] - The total amount allocated for internet marketing activities and online advertising is HKD 15.7 million, with HKD 10.4 million utilized to date[66] - Funds for hardware and network infrastructure upgrades also total HKD 15.7 million, with HKD 10.4 million already spent[66] - Software and R&D expenditures are budgeted at HKD 11.8 million, with HKD 7.8 million utilized so far[66] - There have been no significant events affecting the group since December 31, 2024[68]
银盛数惠(03773) - 2024 - 年度业绩