Financial Performance - For the year ended December 31, 2024, the company reported revenue of approximately RMB 1.095 billion, a decrease of about 22.7% year-on-year[3]. - Gross profit for the same period was approximately RMB 258.9 million, down approximately 38.4% year-on-year, resulting in a gross margin of 23.6%, a decline of 6.1 percentage points compared to the same period in 2023[3]. - The annual profit was approximately RMB 49.5 million, representing a year-on-year decrease of about 67.2%, but the company has maintained profitability since its listing[3]. - Basic and diluted earnings per share for the year were RMB 6.3, a decrease from RMB 16.3 in 2023[6]. - The company reported a pre-tax profit of RMB 49,718,000 for 2024, down 71.4% from RMB 173,733,000 in 2023[21]. - The company recorded an annual profit of approximately RMB 495 million, a year-on-year decrease of about 67.2% due to high R&D investments[65]. Revenue Breakdown - Revenue from the embedded software and secure payment products segment was RMB 622,362,000, down 34.4% from RMB 949,781,000 in 2023[21]. - Revenue from the platform and services segment increased slightly to RMB 472,939,000 from RMB 466,792,000 in 2023, representing a growth of 1.2%[21]. - Embedded software and secure payment products accounted for 56.8% of total revenue in 2024, compared to 67.0% in 2023[21]. - The group's platform and service business recorded revenue of approximately RMB 473 million, a slight increase of 1.3% year-on-year[67]. Assets and Liabilities - Total assets as of December 31, 2024, were approximately RMB 2.463 billion, down from RMB 2.694 billion in 2023[7]. - Total liabilities decreased to approximately RMB 451.5 million from RMB 598.8 million in the previous year[8]. - As of December 31, 2024, total current assets amounted to approximately RMB 1.657 billion, a year-on-year decrease of about 15.2%[65]. - The group had a debt-to-asset ratio of approximately 18.3% as of December 31, 2024, down from 22.2% in 2023[83]. Cash and Liquidity - As of December 31, 2024, total cash and bank deposits amounted to approximately RMB 1.3328 billion, compared to RMB 1.353 billion as of December 31, 2023[3]. - The current ratio improved to approximately 4.1 from about 3.5 in 2023, while the quick ratio increased to approximately 3.5 from about 3.0 in the previous year[3]. - The group's liquidity ratios improved, with a current ratio of approximately 4.1 and a quick ratio of approximately 3.5 as of December 31, 2024, compared to 3.5 and 3.0 in 2023, respectively[83]. Dividends - The board proposed a final dividend of HKD 0.055 per share, equivalent to approximately RMB 0.051, down from HKD 0.10 in the previous year[4]. - The total dividend proposed for the year ending December 31, 2024, is HKD 5.5 cents per share, down from HKD 10.0 cents in 2023, with total dividends for 2023 amounting to RMB 103,343,000 compared to RMB 115,292,000 in 2022[44]. Employee and Operational Metrics - The total employee benefit expenses decreased to RMB 206,802 thousand in 2024 from RMB 224,680 thousand in 2023, a reduction of 7.9%[36]. - The group employed 1,282 staff as of December 31, 2024, a reduction of 225 employees from 1,507 in 2023[96]. - The weighted average number of ordinary shares used for calculating basic earnings per share was 807,377,000 in 2024, slightly down from 811,326,000 in 2023[43]. Future Outlook and Strategic Initiatives - The board anticipates a revenue decrease of approximately 15% to 25% for the three months ending March 31, 2025, compared to approximately RMB 286.95 million for the same period in 2024[68]. - The expected profit attributable to the owners for the three months ending March 31, 2025, is projected to decrease by approximately 25% to 35% from approximately RMB 17.30 million for the same period in 2024[68]. - The company is developing a new generation of encryption algorithms, focusing on forward-looking research in finance, telecommunications, and social security[75]. - The UMV platform aims to enhance risk management for banks by reducing manual operations and improving compliance with data regulations[71]. - The company plans to continue investing in AI technology to enhance user experience and improve service efficiency for B-end clients[76]. Compliance and Governance - The company has complied with all applicable provisions of the Corporate Governance Code for the year ending December 31, 2024[100]. - All directors confirmed compliance with the standards for securities transactions as per the listing rules for the year ending December 31, 2024[101]. - The auditor's report on the financial statements has no reservations and does not highlight any matters of emphasis[102].
金邦达宝嘉(03315) - 2024 - 年度业绩