Revenue and Profitability - Revenue for the year ended December 31, 2024, increased to RMB 266,737,000, representing a 50.1% growth compared to RMB 177,671,000 in 2023[2] - Gross profit for the same period rose to RMB 78,864,000, up 89.1% from RMB 41,668,000 in the previous year[2] - The company reported a pre-tax loss of RMB 16,665,000, significantly improved from a loss of RMB 40,224,000 in 2023, marking a 58.6% reduction in losses[3] - The net loss for the year was RMB 16,733,000, compared to a net loss of RMB 45,210,000 in 2023, indicating a 63.0% improvement[3] - Customer contract revenue for 2024 reached RMB 266,737,000, a 50% increase from RMB 177,671,000 in 2023[24] - The company recorded a loss attributable to owners of approximately RMB 16.7 million, a decrease from a loss of RMB 45.3 million in 2023[69] Assets and Liabilities - Total assets less current liabilities increased to RMB 430,069,000, up from RMB 400,691,000 in the previous year[6] - Non-current assets totaled RMB 489,830,000, an increase from RMB 459,417,000 in 2023[5] - Cash and cash equivalents rose to RMB 7,667,000, compared to RMB 3,649,000 in the previous year, reflecting a 110.5% increase[5] - The company’s total equity increased to RMB 355,536,000, up from RMB 312,677,000 in 2023, representing a 13.7% growth[6] - The total carrying amount of investment properties as of December 31, 2024, is RMB 268,103,000, up from RMB 228,070,000 in 2023, indicating a growth of approximately 17.5%[46] - The total interest-bearing bank and other borrowings increased from RMB 133,587,000 in 2023 to RMB 167,877,000 in 2024, representing a growth of approximately 25.6%[61] Sales and Market Performance - ODM product sales accounted for RMB 230,838,000, while brand product sales were RMB 35,899,000, indicating a shift in revenue sources[18] - Major customer sales generated RMB 140,568,000 in 2024, up from RMB 59,239,000 in 2023, highlighting increased reliance on key clients[22] - Revenue from the United States increased significantly to RMB 84,568,000 in 2024 from RMB 39,613,000 in 2023, reflecting strong market performance[20] - ODM product segment revenue was approximately RMB 230.8 million, up about RMB 95.8 million or approximately 71.0% from RMB 135.0 million in the same period last year[78] Expenses and Costs - The cost of goods sold for 2024 was RMB 187,873,000, compared to RMB 136,003,000 in 2023, reflecting a significant increase[28] - Research and development costs for 2024 amounted to RMB 18,325,000, an increase from RMB 17,123,000 in 2023[28] - The company’s gross profit from ODM products was RMB 55,797,000, while brand products reported a loss of RMB 18,435,000, indicating challenges in the brand segment[18] Shareholder Information - The basic loss per share attributable to ordinary equity holders of the parent company for 2024 is RMB 0.0128, compared to RMB 0.0377 for 2023, reflecting a decrease in loss per share by approximately 66%[39] - The average number of ordinary shares outstanding for 2024 is 1,310,454,240, an increase from 1,200,000,000 shares in 2023, representing an increase of about 9.2%[39] - The group did not declare or pay any dividends during the reporting period[36] Corporate Governance and Compliance - The company has complied with all applicable code provisions of the corporate governance code during the reporting period, except for a deviation related to the roles of the chairman and CEO[106] - The audit committee has reviewed the consolidated financial statements for the year ending December 31, 2024, and discussed audit, internal control, and financial reporting matters[108] - The financial information provided does not constitute audited accounts but is extracted from the consolidated financial statements audited by Ernst & Young[113] Future Outlook and Strategy - The company plans to adopt new and revised Hong Kong Financial Reporting Standards, which may impact future financial reporting[15] - The company plans to diversify its market and reduce reliance on exports due to ongoing geopolitical risks and trade protectionism affecting the apparel export sector[76] - The company aims to maintain close communication with overseas clients and explore new markets to mitigate tariff pressures and enhance profitability[76]
博尼控股(01906) - 2024 - 年度业绩