Financial Performance - Revenue reached RMB 584.0 million, an increase of approximately 35.8% compared to the fiscal year 2023[4] - Revenue from IP creation and operation business amounted to RMB 314.3 million, representing a growth of about 65.1% year-over-year[4] - Gross profit was RMB 327.0 million, up approximately 18.4% from the previous fiscal year[4] - Net profit increased to RMB 50.2 million, reflecting a growth of 21.3% compared to fiscal year 2023[4] - Total revenue from mainland China was RMB 571,146,000, a significant increase from RMB 428,140,000 in 2023, reflecting a growth of 33.3%[22] - The company reported a pre-tax profit of RMB 86,818,000 for the fiscal year 2024, compared to RMB 66,858,000 in 2023, reflecting a 30% increase[20] - The company incurred total tax expenses of RMB 36,578,000 for the fiscal year 2024, compared to RMB 25,447,000 in 2023, representing a 43.7% increase[24] - The company’s total equity increased to RMB 959.7 million, up from RMB 691.6 million in the previous year[8] - The company’s gross profit for fiscal year 2024 was RMB 327.0 million, an increase of approximately 18.4% from RMB 276.3 million in fiscal year 2023, with a gross margin of 56.0%[68] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 1,246.5 million, compared to RMB 902.6 million in 2023[8] - Cash and cash equivalents increased to RMB 296.5 million, up from RMB 145.8 million in the previous year[7] - The company reported a significant increase in trade and other receivables, reaching RMB 398.9 million, compared to RMB 327.4 million in 2023[7] - Trade receivables amounted to RMB 312,025,000 as of December 31, 2023, with a net amount of RMB 303,375,000 after accounting for impairment provisions of RMB 8,650,000[37] - The company has no impairment provisions for television program copyrights, indicating that the estimated recoverable amount exceeds the carrying value[35] - Trade and other payables increased to RMB 130.7 million in 2024 from RMB 117.7 million in 2023[42] Shareholder Information - Basic earnings per share rose to RMB 0.07, compared to RMB 0.05 in the previous year[6] - The company did not declare a final dividend for the fiscal year ending December 31, 2024, consistent with the previous year[29] - The company issued 31,451,000 ordinary shares on May 2, 2024, raising a net amount of HKD 222.1 million (approximately RMB 201.9 million)[40] - The company does not recommend any final dividend for the year ending December 31, 2024[90] Business Segments - The revenue from the new retail segment was RMB 269,750,000, while the IP creation and operation segment generated RMB 314,260,000[19] - The new retail business generated approximately RMB 269.8 million in revenue, representing a growth of about 12.5% compared to the fiscal year 2023[51] - Revenue from the television programs "周游记2" and "乐来乐快乐" contributed RMB 167.6 million during fiscal year 2024[49] - The company’s two main business segments accounted for approximately 53.8% and 46.2% of total revenue, respectively[47] Future Plans and Strategies - The company plans to continue expanding its market presence and investing in new product development to sustain growth[19] - The company plans to continue expanding its online and offline events, including the "一千零一夜" variety music festival[50] - The company plans to launch a new product line called "Modong Magic," combining coffee with various nutrients to meet health needs[57] - The company aims to strengthen offline distribution channels by opening "black label" stores themed around its star IP, offering high-end products[59] - The company plans to host various events and media content targeting its core star IP, including the release of "Zhou You Ji 3" in March 2025[56] Compliance and Governance - The company has complied with the corporate governance code as per the listing rules during the reporting period[92] - The company has adopted the standard code for securities trading for directors and employees, confirming full compliance during the reporting period[93] - The audit committee has been established and consists of three independent non-executive directors[95] - The group's consolidated financial statements for the fiscal year 2024 have been reviewed and agreed upon by the auditors[96] Employee and Operational Information - Employee benefits expenses amounted to RMB 106.2 million in FY2024, up from RMB 70.5 million in FY2023[82] - The group employed 412 staff as of December 31, 2024, an increase from 353 staff in the previous year[81] - The group recorded general and administrative expenses of RMB 114.0 million for FY2024, an increase of approximately 6.9% compared to RMB 106.6 million in FY2023[70] Accounting and Reporting Standards - The financial statements comply with Hong Kong Financial Reporting Standards and the Hong Kong Companies Ordinance[12] - The group has adopted new and revised accounting standards effective from January 1, 2024, with no significant impact expected on current or future periods[15] - The group is evaluating the specific impact of adopting new accounting standards on its consolidated financial statements[18] - The adoption of HKFRS 18 is not expected to affect the group's net profit but may change the classification of income and expenses in the income statement[18]
巨星传奇(06683) - 2024 - 年度业绩