Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue was RMB 659.2 million, a decrease of 7.5% from RMB 713.0 million for the fiscal year ending December 31, 2023[3]. - The gross profit for the fiscal year ending December 31, 2024, was RMB 263.4 million, down 6.6% from RMB 282.0 million in the previous year[3]. - The net loss for the fiscal year ending December 31, 2024, was RMB 501.3 million, compared to a net loss of RMB 359.3 million for the fiscal year ending December 31, 2023, representing an increase in loss of 39.4%[3]. - The adjusted net loss (non-IFRS measure) for the fiscal year ending December 31, 2024, was RMB 116.0 million, up from RMB 83.4 million in the previous year[3]. - The company reported operating loss of RMB 202.8 million for the fiscal year ending December 31, 2024, compared to an operating loss of RMB 305.1 million in the previous year, indicating a 33.4% improvement[5]. - The total comprehensive loss for the fiscal year ending December 31, 2024, was RMB 501.3 million, compared to RMB 359.3 million in the previous year[5]. - The basic loss per share for the fiscal year ending December 31, 2024, was RMB 2.73, compared to RMB 2.56 in the previous year[7]. - The company reported a net loss attributable to shareholders of RMB (501,210) thousand for 2024, compared to a loss of RMB (357,980) thousand in 2023[20]. Revenue Breakdown - Revenue for the year ended December 31, 2024, was RMB 659,212 thousand, a decrease of 7.5% from RMB 712,996 thousand in 2023[16]. - The cloud-based tax digital solutions generated revenue of RMB 208,901 thousand, down from RMB 219,539 thousand in 2023, representing a decline of 4.9%[16]. - Data-driven analytical services revenue decreased to RMB 304,674 thousand from RMB 352,425 thousand, a decline of 13.5%[16]. - Revenue from risk management services rose from RMB 142.2 million in 2023 to RMB 158.9 million in 2024, an increase of 11.7%[30]. - Revenue from digital precision marketing services decreased from RMB 210.2 million in 2023 to RMB 145.8 million in 2024, a decline of 30.7%[29]. - Revenue from locally deployed tax digital solutions increased by 5.0% from RMB 138.1 million in 2023 to RMB 145.0 million in 2024, accounting for 22.0% of total revenue[46]. Expenses and Cost Management - Total expenses for the year ended December 31, 2024, were RMB 852,352 thousand, down 16.0% from RMB 1,014,939 thousand in 2023[17]. - Employee benefit expenses rose to RMB 437,217 thousand in 2024 from RMB 427,464 thousand in 2023, an increase of 2.0%[17]. - Research and development expenses for the fiscal year ending December 31, 2024, were RMB 179.9 million, slightly down from RMB 188.0 million in the previous year[5]. - Administrative expenses decreased by 45.7% from RMB 169.1 million for the year ended December 31, 2023, to RMB 91.8 million for the year ended December 31, 2024, mainly due to reduced share-based compensation for administrative staff[55]. - Distribution and selling expenses decreased by 21.0% from RMB 202.8 million for the year ended December 31, 2023, to RMB 160.2 million for the year ended December 31, 2024, primarily due to reduced share-based compensation for sales personnel[56]. Assets and Liabilities - Total assets decreased from RMB 958,273 thousand in 2023 to RMB 945,505 thousand in 2024, a decline of approximately 1.8%[9]. - Non-current assets decreased from RMB 270,426 thousand in 2023 to RMB 193,596 thousand in 2024, a decrease of about 28.5%[9]. - Cash and cash equivalents increased from RMB 335,031 thousand in 2023 to RMB 443,899 thousand in 2024, an increase of approximately 32.4%[9]. - Trade and other payables decreased from RMB 178,086 thousand in 2023 to RMB 133,957 thousand in 2024, a reduction of about 24.7%[11]. - The total liabilities decreased significantly from RMB 2,552,173 thousand in 2023 to RMB 279,697 thousand in 2024, a reduction of approximately 89.0%[11]. - The company's lease liabilities decreased from RMB 14,611 thousand in 2023 to RMB 1,710 thousand in 2024, a decrease of about 88.3%[11]. Strategic Initiatives and Future Outlook - The company is focusing on transforming its business through "Data Intelligence" and AI-driven tools to enhance operational efficiency and develop new revenue streams[23]. - The company aims to enhance product and service systems while increasing investment in technology R&D, focusing on AI and blockchain technologies to optimize management strategies[33]. - The company plans to enhance service value through AI and data-driven intelligent solutions, focusing on precise risk control and intelligent marketing[35]. - The company is optimistic about overseas market expansion, particularly in regions with value-added tax systems, and has invested in overseas technology companies to enhance brand influence[41]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of RMB 500 million allocated for potential deals[109]. Corporate Governance and Compliance - The company has adhered to all applicable corporate governance codes since the listing date until December 31, 2024[96]. - The audit committee, consisting of three independent non-executive directors, has reviewed the annual performance for the year ending December 31, 2024[98]. - The company has maintained a commitment to high standards of corporate governance to protect shareholder interests and enhance corporate value[96]. - The company will not recommend any final dividend for the year ending December 31, 2024[102]. Employee and Market Metrics - The company had a total of 934 employees as of December 31, 2024, down from 1,020 employees in 2023, indicating a reduction in workforce[92]. - Customer satisfaction ratings improved to 90%, reflecting a 5% increase from the previous quarter[109]. - User data showed an increase in active users, reaching 10 million, which is a 15% increase compared to the previous quarter[109].
百望股份(06657) - 2024 - 年度业绩