Everyday Network (SZ:300295)2025-04-21 12:15Financial Performance - The company's net profit attributable to the parent company was negative due to a decline in revenue from real estate network services and financial services, influenced by industry operational environment fluctuations [4]. - The company's operating revenue for 2024 was ¥122,750,897.59, a decrease of 35.31% compared to ¥189,762,484.32 in 2023 [20]. - The net profit attributable to shareholders for 2024 was -¥85,334,897.41, showing an improvement of 6.24% from -¥91,015,913.12 in 2023 [20]. - The company's revenue after deducting non-recurring gains and losses was ¥116,996,535.30 in 2024, compared to ¥176,584,805.55 in 2023 [21]. - The company's net profit after deducting non-recurring gains and losses was -¥83,798,586.69 for 2024, an improvement of 12.90% from -¥96,212,497.27 in 2023 [20]. - Revenue from real estate network marketing services was 60,353,680.65 CNY, accounting for 49.17% of total revenue, down 49.70% year-on-year [51]. - Revenue from internet financial services was 62,397,216.94 CNY, making up 50.83% of total revenue, a decline of 10.58% year-on-year [51]. - The company reported a basic earnings per share of -¥0.45 for 2024, an improvement of 6.25% from -¥0.48 in 2023 [20]. - The total assets at the end of 2024 were ¥1,211,940,556.09, down 12.62% from ¥1,386,975,307.99 at the end of 2023 [20]. Market Conditions - The company acknowledges the ongoing risks associated with the sluggish real estate market, which may impact future performance [7]. - The real estate market showed signs of stabilization in Q4 2024, with increased transaction volumes in both new and existing homes [31]. - The government has implemented a series of policies aimed at stabilizing the real estate market, which is expected to impact the company's operations positively [33]. - The new housing starts area in 2024 is expected to decline by 23% year-on-year, with new project launches in major cities down by about 40% [34]. - The proportion of urban residents willing to buy a house in the next three months is only 15.2%, indicating low market demand [34]. - The real estate market in 2025 is expected to face challenges, with uncertainties due to buyer sentiment and local fiscal pressures, despite ongoing policy support [86]. Business Strategy and Operations - The company has strengthened its application of data and AI technologies on its platform to enhance its core competitiveness in data and technology [6]. - The financial services department has begun to diversify its business scenarios, reducing reliance on real estate transaction scenarios [6]. - The company is exploring stable segments of the existing housing market and other applicable fields for business expansion [6]. - The company is focusing on enhancing its services in response to the ongoing adjustments in the real estate market, particularly in second and third-tier cities [33]. - The company is exploring new product development and market expansion strategies to mitigate risks associated with the declining real estate market [46]. - The company plans to enhance its data marketing services focused on delivery and explore opportunities in new fields while integrating AI technology into its operations [87]. Financial Management - The company has made necessary asset impairment provisions due to a decline in real estate prices affecting its underwriting service transactions [4]. - The company has implemented legal measures to recover overdue loans from individual borrowers, reflecting a cautious approach to financial management [4]. - The company reported a significant increase in credit impairment losses, amounting to ¥-36,695,590.07, which accounted for 54.06% of total profit loss [70]. - The company has optimized its R&D personnel structure, which is not expected to significantly impact business operations or key R&D projects [66]. - The company has no significant asset or equity sales during the reporting period, maintaining its asset base [82]. Governance and Compliance - The company has established a governance structure compliant with relevant laws and regulations, ensuring effective decision-making processes [94]. - The board of directors consists of 5 members, including 2 independent directors, ensuring compliance with governance requirements [96]. - The company maintains transparency in information disclosure, ensuring equal access to information for all shareholders [101]. - The company operates independently from its major shareholders, ensuring no interference in decision-making processes [104]. - The company has fulfilled all commitments made by shareholders and related parties during the reporting period [144]. - The company has maintained compliance with relevant laws and regulations, with no major violations reported during the year [138]. Employee and Management - The company reported a total of 257 employees at the end of the reporting period, with 179 in the parent company and 78 in major subsidiaries [127]. - The employee composition includes 56 sales personnel, 54 technical staff, 77 platform operation personnel, 57 finance and other functional staff, and 13 management personnel [127]. - The company emphasizes employee training and development, focusing on new employee onboarding and core staff advancement training [129]. - The company has no major changes in its compensation policy during the reporting period [128]. - The company’s management remuneration is determined based on performance assessments and industry standards [116]. Shareholder Information - The number of shareholders increased from 24,879 to 26,820 during the reporting period, indicating a growing investor interest [178]. - The largest shareholder, Hu Guanghui, holds 15.15% of the shares, totaling 28,727,950 shares [178]. - The shareholder structure remains stable, with no major changes in the top 10 shareholders [178]. - The company has a diverse shareholder base, including both domestic and foreign investors [178]. - The company has not faced any regulatory issues related to the share repurchase or cancellation process [175]. Audit and Financial Reporting - The audit opinion for the financial statements was a standard unqualified opinion, indicating fair representation of the company's financial status [190]. - The internal control audit report issued a standard unqualified opinion, confirming effective internal control over financial reporting as of December 31, 2024 [135]. - The audit included procedures such as confirmations and interviews regarding post-period repayments and customer litigation [197]. - Management assessed the recoverability of loans and advances as a key audit matter, involving significant management judgment [196].