Financial Performance - The company's revenue decreased to approximately RMB 180.7 million for the year ended December 31, 2024, down about 20.3% compared to RMB 226.8 million in 2023[6] - Gross profit for the year ended December 31, 2024, was approximately RMB 39.3 million, with a gross margin increase from about 17.3% in 2023 to approximately 21.7% in 2024[6] - The total transaction volume for the company's alliance business decreased to approximately RMB 245.4 million for the year ended December 31, 2024, compared to RMB 257.1 million in 2023[6] - The net loss attributable to equity shareholders for the year ended December 31, 2024, was approximately RMB 19.5 million, a reduction from RMB 37.6 million in 2023[6] - Basic and diluted loss per share for the year ended December 31, 2024, was approximately RMB 1.08, compared to RMB 2.07 in 2023[6] - The total comprehensive loss for the year ended December 31, 2024, was RMB 15.4 million, compared to RMB 37.5 million in 2023[8] - The group reported a pre-tax loss of RMB 20,814,000 for the year ended December 31, 2024, compared to RMB 34,354,000 in 2023, indicating a reduction in losses of approximately 39.3%[24] - Total other income for the year ended December 31, 2024, was RMB 626,000, significantly down from RMB 2,640,000 in 2023, a decrease of approximately 76.3%[23] Assets and Liabilities - As of December 31, 2024, the company's total assets less current liabilities amounted to RMB (46.3) million, an improvement from RMB (152.1) million in 2023[9] - The company's cash and cash equivalents decreased to RMB 8.2 million as of December 31, 2024, down from RMB 25.4 million in 2023[9] - The net liabilities of the company as of December 31, 2024, were RMB 154.4 million, compared to RMB 153.3 million in 2023[10] - The group's total assets as of December 31, 2024, were approximately RMB 138.8 million, down from RMB 149.5 million as of December 31, 2023[75] - The group's total liabilities were approximately RMB 293.2 million as of December 31, 2024, compared to RMB 302.9 million as of December 31, 2023[75] - The net current liabilities as of December 31, 2024, were approximately RMB 54.0 million, a significant decrease from RMB 155.6 million as of December 31, 2023[75] Cash Flow - The net cash outflow from operating activities was approximately RMB 18.4 million for the year, compared to a net cash inflow of approximately RMB 6.9 million in 2023[69] - The group's cash and cash equivalents as of December 31, 2024, amounted to approximately RMB 8.2 million, a decrease of about RMB 17.2 million compared to RMB 25.4 million as of December 31, 2023[69] Employee and Operational Costs - The group incurred total employee benefits expenses of RMB 21,934,000 in 2024, down from RMB 25,708,000 in 2023, a decrease of approximately 14.5%[25] - Sales and distribution expenses decreased to approximately RMB 3.9 million, a reduction of about 26.3% compared to RMB 5.3 million in 2023[64] - Research and development costs decreased to approximately RMB 7.6 million, a reduction of about 22.1% from RMB 9.7 million in 2023[66] - Financing costs for the year were approximately RMB 20.8 million, a decrease of about 39.4% compared to RMB 34.4 million in 2023[67] Shareholder Information - The company did not recommend the payment of any final dividend for the year ended December 31, 2024[6] - The board does not recommend any final dividend for the year ending December 31, 2024, consistent with the previous year[87] - The issued share capital remains at 5,000,000 shares with a par value of USD 0.01 per share for both 2024 and 2023[50] Future Outlook and Strategy - The group plans to enhance its SaaS digital points service and expand new revenue lines in 2025, focusing on user retention and operational efficiency[89] - The group aims to leverage its existing resources, such as hotels and supermarkets, to integrate its brand resources and explore synergies in the travel business in 2025[89] - The group anticipates that 2025 will be a challenging year due to uncertainties in domestic consumption and increasing cost pressures from various institutions[88] Audit and Compliance - The independent auditor confirmed that the consolidated financial statements fairly represent the group's financial position as of December 31, 2024[96] - The audit committee reviewed the audited consolidated financial statements for the year ended December 31, 2024[95] - The company will hold its annual general meeting on May 30, 2025[91] - Share transfer registration will be suspended from May 27, 2025, to May 30, 2025[92] - The company has adopted the standard code of conduct for securities trading by directors[94] - The annual report will be published on the Hong Kong Stock Exchange website and the company's website[99] Risks and Uncertainties - There are significant uncertainties regarding the company's ability to continue as a going concern[98] - The group will continue to monitor foreign exchange risks and may consider hedging strategies if necessary, although it currently has no hedging in place[84]
畅由联盟(01039) - 2024 - 年度业绩