Financial Performance - The Group recorded total revenue of approximately RMB58,814,000 for the year ended December 31, 2024, a decrease of 16.4% compared to RMB70,377,000 in 2023[36][38]. - Revenue from the provision of technical support services decreased by approximately 15.8% year-on-year, contributing significantly to the overall revenue decline[39]. - The Group recorded an operational loss of approximately RMB11,617,000 in 2024, representing a year-on-year increase of 40.6% from RMB8,264,000 in 2023[28][30]. - The Group's revenue from software product sales decreased by approximately 56.0%, while hardware product sales increased by approximately 1.5 times, and technical support services revenue decreased by approximately 15.8% compared to the previous year[80]. - Loss attributable to shareholders for the year ended December 31, 2024, was RMB (11,617,000), compared to RMB (8,264,000) in 2023, indicating a worsening of 40.5%[130]. - Total assets decreased to RMB 60,202,000 in 2024 from RMB 70,360,000 in 2023, a decline of 14.9%[130]. - Total liabilities increased to RMB 40,629,000 in 2024 from RMB 39,170,000 in 2023, reflecting a rise of 3.7%[130]. - Net assets decreased to RMB 19,573,000 in 2024 from RMB 31,190,000 in 2023, a significant drop of 37.4%[130]. Cost Management - The cost of sales decreased by 8.3% to approximately RMB51,146,000 in 2024, down from RMB55,803,000 in 2023[40]. - The overall gross profit margin decreased by approximately 7.7% to 13.0% in 2024, compared to 20.7% in 2023[40]. - Administrative expenses decreased by 20.8% to approximately RMB12,336,000 for the year ended 31 December 2024, down from RMB15,568,000 in 2023[42]. - Distribution and selling expenses increased by 16.2% to approximately RMB5,125,000 for the year ended 31 December 2024, compared to RMB4,412,000 in 2023[42]. - Other income decreased by 69.9% to approximately RMB463,000 for the year ended 31 December 2024, down from RMB1,537,000 in 2023[42]. - Impairment losses under the expected credit loss model decreased by 85.8% to approximately RMB324,000 for the year ended 31 December 2024, compared to RMB2,280,000 in 2023[43]. - Research and development expenses increased by 19.0% to approximately RMB7,893,000 for the year ended 31 December 2024, up from RMB6,631,000 in 2023[44]. Strategic Outlook - Significant sales performance growth is anticipated in 2025 due to the expansion of the client base and market development efforts[21]. - The Group anticipates increased opportunities in 2025 due to the recovery of the global economy and advancements in fintech[31][33]. - The innovative application of cutting-edge technologies is expected to provide immense market potential for the Group's products and services[31][33]. - The transition to an integrated "product + operations" service model is expected to enhance profitability and support steady revenue growth[27]. - The Group aims to improve financial results in the coming year through increased sales and effective cost control measures[55]. Human Resources - The total staff costs for the year amounted to approximately RMB55,954,000, down from approximately RMB61,375,000 in 2023, with the number of employees decreasing from 622 to 418[82]. - The Group aims to attract and retain key personnel by providing competitive remuneration packages[119]. Risk Management - The Group's financial condition and business prospects may be affected by various risks, including market risks related to foreign exchange rates, interest rates, and equity prices[104]. - The Group does not currently have a foreign currency hedging policy but monitors foreign exchange exposure and will consider hedging when necessary[110]. - Liquidity risk management involves monitoring cash flows and maintaining an adequate level of cash and cash equivalents to finance operations[112]. - The Group's operational risk management is guided by standard operating procedures and regular assessments of key operational exposures[113]. - Investment risk assessment is a core aspect of the investment decision process, with a proper authorization system in place[118]. - Cybersecurity measures are being enhanced to protect against potential data breaches and maintain operational integrity[121]. Corporate Governance - The Group did not have any material acquisitions or disposals of subsidiaries and affiliated companies during the year[71]. - The Group did not have plans for material investments and capital assets as of the date of the report[84]. - Throughout 2024, there were no incidences of non-compliance with relevant laws and regulations that significantly impacted the Group's business[161]. - The Company has not reported any major events affecting the Group since the end of the financial year 2024[160]. Shareholding Structure - Goldcorp Industrial Limited holds 136,307,500 shares, representing 10.35% of the total shareholding, and is controlled by Mr. Hung Yung Lai and Great Song Enterprises Limited[189]. - Mdm Iu Pun, as the spouse of Mr. Hung Yung Lai, holds an interest in 174,840,000 shares, which is 13.27% of the total shareholding[189]. - Mr. Lin Xue Xin holds 118,560,000 shares, representing 9.00% of the total shareholding, and has 4,992,682 share options[191]. - Ms. Zhou Cuilian, spouse of Mr. Lin Xue Xin, is deemed to have an interest in 123,552,682 shares, which is 9.38% of the total shareholding[189]. - Mr. Li Dong holds 65,860,000 shares, representing 5.00% of the total shareholding, and has 5,323,950 share options[191]. - As of December 31, 2024, there were no distributable reserves available for shareholders, consistent with 2023[185]. - The company directors and chief executives were not aware of any other persons with interests or short positions in shares that would require disclosure under the SFO[193]. - As of December 31, 2024, none of the Directors and chief executives had any interests or short positions in any shares or debentures that required notification to the Company or the Stock Exchange[200].
新利软件(08076) - 2024 - 年度财报