Financial Performance - For the year ended December 31, 2024, the group recorded revenue of approximately RMB 205.8 million, an increase of about 18.3% compared to RMB 174.0 million in the same period last year[5] - The profit for the year amounted to approximately RMB 46.2 million, reflecting a growth of approximately 18.5% from RMB 39.0 million in the previous year[5] - The attributable profit to equity shareholders was approximately RMB 46.7 million, up by about 15.6% from RMB 40.4 million in the prior year[5] - The basic and diluted earnings per share remained at RMB 0.39 for the year ended December 31, 2024[8] - The company's net profit rose by 18.5% from approximately RMB 39.0 million for the year ending December 31, 2023, to approximately RMB 46.2 million for the year ending December 31, 2024, with a stable net profit margin of 22.4%[87] - The overall gross profit increased by 5.8% from approximately RMB 74.5 million for the year ending December 31, 2023, to approximately RMB 78.8 million for the year ending December 31, 2024[80] Revenue Breakdown - Insurance agency business revenue reached RMB 187,693,000, up 20.5% from RMB 155,748,000 in 2023[21] - IT services revenue increased to RMB 16,961,000, a growth of 7.5% from RMB 15,782,000 in 2023[19] - The self-developed enterprise interaction platform contributed RMB 51.2 million in premiums, a significant increase of 123.6% compared to the previous year[74] - Commission income from the insurance agency business rose by 20.6% from approximately RMB 155.7 million for the year ending December 31, 2023, to approximately RMB 187.7 million for the year ending December 31, 2024[79] Cash Flow and Assets - The net cash inflow from operating activities was approximately RMB 30.1 million, representing a significant increase of about 50.5% compared to RMB 20.0 million last year[5] - Operating cash generated from activities was RMB 39,479,000, up 33.1% from RMB 29,651,000 in the previous year[49] - The total cash and cash equivalents decreased to RMB 169,721,000 in 2024 from RMB 203,638,000 in 2023, a decrease of 16.6%[44] - The group's cash and cash equivalents, along with time deposits, totaled RMB 568.6 million as of December 31, 2024, compared to RMB 335.9 million in the previous year[95] - As of December 31, 2024, the group's net current assets amounted to RMB 452.4 million, an increase from RMB 222.6 million as of December 31, 2023[95] Dividends and Equity - The company proposed a final dividend of RMB 0.135 per share, subject to approval at the annual general meeting in 2024[4] - The board proposed a final dividend of RMB 0.135 per share, representing approximately 40.9% of the profit attributable to shareholders for the reporting period[102] - The company's total equity increased to RMB 598.4 million in 2024 from RMB 363.2 million in 2023[10] Expenses and Costs - Employee costs totaled RMB 31,594,000, a decrease of 3.5% from RMB 32,723,000 in 2023[31] - General and administrative expenses decreased from approximately RMB 18.6 million for the year ending December 31, 2023, to approximately RMB 16.4 million for the year ending December 31, 2024[83] - The group's research and development costs were approximately RMB 7.2 million, slightly up from RMB 7.1 million in the previous year[7] Financial Position - The total assets less current liabilities increased to RMB 598.4 million in 2024 from RMB 363.2 million in 2023[10] - The net current assets rose to RMB 452.4 million in 2024, compared to RMB 222.6 million in the previous year[9] - The capital to debt ratio as of December 31, 2024, was not applicable, indicating a strong financial condition compared to 0.07% in the previous year[96] Strategic Initiatives - The company aims to expand its ecosystem by connecting with more companies to provide diverse product solutions for insurance users[75] - The company is focusing on an "AI+" strategy to enhance risk management through integrated IoT devices and real-time data transmission[75] - The company plans to make prudent investments and acquisitions in the insurance intermediary and fintech sectors to enhance competitiveness, although no specific targets have been identified as of the announcement date[76] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, has reviewed the consolidated financial statements and confirmed compliance with applicable accounting standards and regulations[108] - The financial figures in the performance announcement have been agreed upon by the auditor, KPMG, and are consistent with the consolidated financial statements for the reporting period[110]
众淼控股(01471) - 2024 - 年度业绩