Financial Performance - For the year ended December 31, 2024, the Group's loss attributable to owners was RMB7.1 million, a slight improvement from RMB7.5 million in the previous year[3]. - The Group's gross merchandise volume (GMV) for the year was approximately RMB180 million, representing a year-on-year decrease of 10%, while total revenue was RMB58.4 million, down 22.4% year-on-year[15]. - Total revenue for the year ended December 31, 2024, was approximately RMB 58.4 million, representing a decrease of 22.4% compared to 2023, primarily due to increased global economic uncertainty and intensified industry competition[32][35]. - Gross profit for 2024 was RMB 16.7 million, reflecting a year-on-year decrease of 21.6%, with a gross profit margin of 28.6%, slightly up from 28.3% in 2023[34][37]. - The consolidated loss before income tax increased to RMB 7,896,000 in 2024 compared to RMB 7,522,000 in 2023, reflecting a rise of approximately 5%[104]. - Basic loss per share attributable to the owners of the Company was RMB 0.003 for both 2024 and 2023, with losses of RMB 7,050,000 and RMB 7,522,000 respectively[121]. Revenue and Expenses - Cost of sales for 2024 was approximately RMB 41.7 million, a decrease of 22.7% from 2023, attributed to reduced purchases from downstream suppliers as total revenue declined[33][36]. - Selling and distribution expenses remained stable at RMB 9.8 million for 2024, showing minimal change compared to the previous year[38]. - Administrative expenses decreased by 33.0% to approximately RMB 16.2 million in 2024, mainly due to reductions in amortization of intangible assets and expected credit losses[39]. - Marketing services accounted for 91.7% of total revenue in 2024, with online marketing contributing 77.1% and offline marketing 14.6%[32]. - Revenues from major customers decreased significantly, with Customer A contributing RMB 30,017,000 in 2024 compared to RMB 45,225,000 in 2023, a decline of about 33.7%[105]. Assets and Liabilities - Total equity as of December 31, 2024, was approximately RMB50.5 million, a decrease of 12.2% from RMB57.6 million in 2023[51]. - Net current assets decreased by approximately 4.8% to RMB45.7 million as of December 31, 2024, from RMB48.0 million in 2023[52]. - Cash at banks and on hand decreased by 6.2% to RMB35.8 million as of December 31, 2024, from RMB38.2 million in 2023[57]. - Current assets decreased from RMB 58,903 thousand in 2023 to RMB 53,355 thousand in 2024, with trade receivables increasing from RMB 1,843 thousand to RMB 3,345 thousand[76]. - Current liabilities decreased from RMB 10,905 thousand in 2023 to RMB 7,650 thousand in 2024, with contract liabilities significantly reduced from RMB 2,591 thousand to RMB 1,033 thousand[76]. Strategic Focus and Future Plans - The Group plans to focus on "high-quality growth" in 2025, emphasizing "verticalization, intelligence, and branding" as core strategies[17]. - The strategic upgrade of the self-owned brand will include expansion of the product mix and penetration into offline convenience stores and supermarkets[21]. - The Group aims to achieve deep coverage of AI technology across the entire chain, optimizing operational strategies in real-time to reduce costs[24]. - Future strategies include expanding the user insight and AI toolchain offerings to small and medium brands, fostering a "data + technology" subscription service model[25]. - The Group plans to implement cost control measures and explore new business opportunities to improve profitability[94]. Compliance and Governance - The consolidated financial statements have been prepared in accordance with HKFRSs and HKASs, ensuring compliance with relevant disclosure requirements[88]. - The company has complied with all applicable corporate governance code provisions during the reporting period, except for the separation of the roles of chairman and CEO[155]. - The company has established an Audit Committee consisting of three independent non-executive Directors to oversee financial reporting and internal controls[161]. - The company’s auditors have agreed on the figures in the consolidated financial statements for the year ended December 31, 2024, but did not express assurance on the annual results announcement[166]. Employee and Shareholder Information - Total employee remuneration for 2024 amounted to approximately RMB16.0 million, down from RMB17.2 million in 2023[69]. - The company did not have any significant investments, acquisitions, or disposals for the year ended December 31, 2024[61]. - The company does not recommend or declare any dividends for the year ended December 31, 2024, consistent with 2023[116]. - The company plans to hold its 2025 Annual General Meeting on June 6, 2025, with the register of members closing from June 3 to June 6, 2025[149].
豆盟科技(01917) - 2024 - 年度业绩