Financial Performance - The company reported revenue of approximately RMB 26.3 million for the year ending December 31, 2024, representing a year-on-year increase of about 47.2% compared to RMB 17.9 million in the previous year[3]. - The company confirmed a loss of approximately RMB 13.2 million for the year, a significant reduction of about 77.2% from the loss of RMB 57.9 million reported in the previous year[3]. - The total comprehensive loss for the year was RMB 13.18 million, a reduction from RMB 57.91 million in the previous year[6]. - The basic loss per share for 2024 is RMB 13,105, a significant improvement from RMB 56,733 in 2023, indicating a reduction in losses[28]. - The group reported a net loss for the year was approximately RMB 13.2 million, a reduction of approximately RMB 44.7 million or about 77.2% compared to the previous year's loss of approximately RMB 57.9 million[65]. Revenue Breakdown - Total revenue for 2024 reached RMB 26,312,000, an increase of 47% compared to RMB 17,872,000 in 2023[20]. - Client contract revenue for 2024 was RMB 24,698,000, up from RMB 16,517,000 in 2023, reflecting a growth of 49%[20]. - Revenue from consulting services increased significantly to RMB 13,116,000 in 2024, compared to RMB 6,725,000 in 2023, marking a growth of 95%[20]. - The company reported rental income from property management of RMB 1,614,000 in 2024, up from RMB 1,355,000 in 2023, indicating a growth of 19%[20]. Expenses and Costs - Total administrative expenses for the year were RMB 32.33 million, down from RMB 38.23 million in the previous year[4]. - The company recorded a decrease in financing costs, amounting to RMB 1.76 million, compared to RMB 1.52 million in the previous year[4]. - Other income and gains were approximately RMB 0.9 million, a decrease of about RMB 4.9 million compared to the previous year[59]. - Income tax expenses for the year were approximately RMB 1.6 million, a decrease of approximately RMB 6.4 million compared to last year, mainly due to unrecognized deductible temporary differences and reduced tax losses[64]. Assets and Liabilities - Total assets decreased from RMB 277,503 thousand in 2023 to RMB 263,162 thousand in 2024, a decline of approximately 5.2%[8]. - Current assets decreased from RMB 239,755 thousand in 2023 to RMB 197,808 thousand in 2024, a decrease of about 17.5%[8]. - Total liabilities decreased from RMB 56,647 thousand in 2023 to RMB 26,679 thousand in 2024, a reduction of approximately 52.9%[8]. - The company's equity attributable to shareholders increased from RMB 119,587 thousand in 2023 to RMB 153,340 thousand in 2024, an increase of about 28.3%[8]. Trade Receivables - Trade receivables increased from RMB 64,937 thousand in 2023 to RMB 77,553 thousand in 2024, an increase of about 19.4%[7]. - The impairment loss on trade receivables decreased to RMB 14,190,000 in 2024 from RMB 19,739,000 in 2023, showing a reduction of about 28.5%[30]. - The expected credit loss rate for trade receivables is 15.5% in 2024, down from 23.3% in 2023, indicating improved credit risk management[32]. - The company has implemented a credit risk control team to minimize credit risks associated with trade receivables[30]. Investments - The investment in associates and joint ventures measured at fair value decreased from RMB 135,994 thousand in 2023 to RMB 86,072 thousand in 2024, representing a decline of approximately 36.6%[33]. - The total fair value of investments in associates and joint ventures at the end of 2024 is projected to be RMB 128,034 thousand, down from RMB 177,496 thousand at the end of 2023, indicating a significant reduction of approximately 27.8%[35]. - The group has a diversified investment strategy, focusing on the feasibility, financial performance, and reputation of investment projects, while closely monitoring market trends[84]. Corporate Governance - The company is committed to adhering to corporate governance principles and has made efforts to improve efficiency and effectiveness in governance practices[93]. - The chairman and CEO roles are held by the same individual, Zhu Ping, which deviates from corporate governance guidelines but is deemed appropriate for the company's interests[94]. - The company has established an audit committee composed of three independent non-executive directors to review accounting principles and financial reporting matters[105]. Future Outlook - The group anticipates continued growth in the fund management and investment advisory sectors, aiming to expand both domestic and international business[54]. - The group plans to enhance its service quality while optimizing cost structures and improving operational efficiency[55]. - The group has identified potential investment and acquisition opportunities to create greater value for shareholders[55].
瑞威资管(01835) - 2024 - 年度业绩