Financial Performance - For the year ended December 31, 2024, the total revenue of Haina Intelligent Equipment International Holdings Limited was approximately RMB 369.7 million, an increase of about 5% compared to RMB 350.7 million for the year ended December 31, 2023[4]. - The gross profit for the year ended December 31, 2024, was approximately RMB 52.0 million, representing a 12% increase from RMB 46.4 million in the previous year[4]. - The loss attributable to owners of the company for the year ended December 31, 2024, was approximately RMB 38.1 million, compared to a loss of RMB 35.8 million for the year ended December 31, 2023[4]. - The basic loss per share for the year ended December 31, 2024, was approximately RMB 6.76, compared to RMB 6.35 for the previous year[4]. - The company reported a net loss for the year of approximately RMB 40.99 million, compared to a net loss of RMB 37.53 million in the previous year[6]. - The company reported a basic loss attributable to owners of RMB 38,130,000 for the year ended December 31, 2024, compared to RMB 35,796,000 for the previous year, indicating an increase in losses of approximately 3.7%[23]. - The group recorded a net loss of approximately RMB 41.0 million for the year[47]. Assets and Liabilities - The total assets less current liabilities as of December 31, 2024, amounted to RMB 273.4 million, a decrease from RMB 316.9 million as of December 31, 2023[7]. - Non-current assets increased significantly to RMB 448.2 million as of December 31, 2024, compared to RMB 213.0 million in the previous year[7]. - Current liabilities rose to RMB 598.5 million as of December 31, 2024, compared to RMB 360.7 million as of December 31, 2023[7]. - The company’s total liabilities increased to RMB 314,015,000 in 2024 from RMB 276,089,000 in 2023, indicating a growth of approximately 13.7%[33]. - The company has bank loans amounting to approximately RMB 281.0 million as of December 31, 2024, up from RMB 77.0 million the previous year[71]. - As of December 31, 2024, the company's current ratio was approximately 0.7, down from 1.3 the previous year[68]. - The company's debt-to-equity ratio was approximately 109.0% as of December 31, 2024, compared to 30.9% the previous year[73]. Revenue Breakdown - Revenue from the Chinese market decreased to RMB 276,738,000 in 2024 from RMB 286,625,000 in 2023, a decline of 3.1%[13]. - Revenue from the Philippines significantly increased to RMB 37,737,000 in 2024 from RMB 5,053,000 in 2023, a growth of 645.5%[13]. - Revenue from baby diaper machines increased by approximately RMB 28.9 million, contributing to the overall revenue growth[55]. - Major customer A contributed RMB 41,328,000 to total revenue in 2024, marking its first year of exceeding the 10% revenue contribution threshold[16]. Expenses and Costs - Research and development expenses for the year were RMB 29,573,000, up from RMB 20,731,000 in 2023, reflecting a 42.5% increase[20]. - The group’s total employee costs rose to RMB 72,021,000 in 2024 from RMB 61,429,000 in 2023, an increase of 17.2%[19]. - Selling and distribution costs rose by approximately RMB 4.1 million or 24.3% to approximately RMB 21.0 million, mainly due to increased marketing personnel salaries and after-sales service expenses[59]. - Administrative and other operating expenses increased by approximately RMB 16.1 million or 32.9% to approximately RMB 65.1 million, primarily due to higher intangible asset amortization and R&D expenses[60]. - The group’s bank interest income decreased to RMB 499,000 in 2024 from RMB 1,245,000 in 2023, a decline of 59.9%[18]. - Other income decreased by approximately RMB 1.7 million or 13.9% to approximately RMB 10.5 million, primarily due to a reduction in foreign exchange gains[58]. Dividends and Shareholder Returns - The company has decided not to declare a final dividend for the year ended December 31, 2024, consistent with the previous year[4]. - The company did not declare any dividends for the years ended December 31, 2024, and 2023, and has not proposed any dividends since the reporting period[24]. Operational Developments - The company has three production bases in China with a total floor area of approximately 130,000 square meters, including a new base in Foshan currently in early operational stages[44]. - A new digital factory project is underway on a 27,594 square meter land plot, with a total investment of approximately RMB 21.8 million, aimed at enhancing production capacity[45]. - A research and development center is being established on a 28,353 square meter land plot, with a total contract price of approximately RMB 176.0 million, expected to be completed in the second half of 2025[46]. - The group has successfully developed a new factory for the design and production of automated machines for disposable hygiene products, expected to meet the increasing demand from customers[51]. - The group plans to complete the new R&D center by the first half of 2025, which is expected to enhance product development efficiency and improve manufacturing standards[80]. Strategic Initiatives - The group aims to deepen its global "platform" strategy, focusing on emerging markets in Asia, Africa, and South America for business growth[52]. - The group plans to continue its sustainable development strategy, aiming to reduce energy consumption and waste emissions in the production process by 2025[48]. - The group is committed to sustainable development strategies, including the construction of green factories to reduce energy consumption and waste emissions[81]. Risk Management - The group recognizes challenges such as global economic uncertainty and raw material price fluctuations, and will enhance risk management and supply chain optimization[54]. - The group has not established any financial instruments to hedge foreign exchange risks as of December 31, 2024[76]. - The group has no significant contingent liabilities as of December 31, 2024, consistent with the previous year[75]. Corporate Governance - The company's auditor, Fuhui Mazars, confirmed that the preliminary announcement aligns with the audited financial statements for the year[91]. - The annual performance announcement is available on the Hong Kong Stock Exchange website and the company's website[92]. - The board expresses gratitude to business partners and shareholders for their ongoing support and acknowledges the management team and employees for their contributions[93]. - The announcement is dated March 28, 2025, and lists the executive and non-executive directors of the company[95].
海纳智能(01645) - 2024 - 年度业绩