Financial Performance - The company reported a revenue of RMB 76,440,000 for the fiscal year, a decrease of 37.03% compared to RMB 121,400,000 in the previous year[22]. - Gross profit increased to RMB 11,510,000, with a gross margin of 15.06%, up from RMB 10,170,000 and a margin of 8.38% in the previous year[22]. - The company recorded a loss attributable to owners of RMB 22,320,000, an improvement from a loss of RMB 48,250,000 in the previous fiscal year[22]. - Total assets decreased to RMB 331,707,000, down from RMB 368,536,000 in the previous year[10]. - Total liabilities reduced to RMB 52,405,000, compared to RMB 66,581,000 in the previous year[10]. - The company’s net cash/borrowings position was RMB (50,349,000), indicating a net debt situation[10]. - The company did not declare any dividends for the fiscal year, consistent with the previous year[23]. Revenue Breakdown - Revenue from plastic injection molding accounted for 68.35% of total revenue, while assembly of electronic products and mold design contributed 26.19% and 5.46%, respectively[29]. - The plastic injection molding segment recorded revenue of RMB 52,250,000, a decrease of RMB 36,660,000 or 41.23% compared to RMB 88,910,000 in the previous fiscal year, primarily due to reduced sales orders from two existing customers in China[30]. - The assembly electronics segment generated revenue of RMB 20,020,000, down RMB 9,410,000 or 31.97% from RMB 29,430,000 in the previous fiscal year, mainly due to a customer diversifying its supply chain and reducing orders from China[31]. - The mold design and manufacturing segment saw an increase in revenue to RMB 4,170,000, up RMB 1,110,000 or 36.27% from RMB 3,060,000 in the previous fiscal year, attributed to increased sales orders from an existing customer[32]. Cost Management - Selling expenses decreased by RMB 1,550,000 or 48.28% to RMB 1,660,000 from RMB 3,210,000 in the previous fiscal year, primarily due to reduced freight costs[35]. - General and administrative expenses decreased by RMB 5,900,000 or 17.01% to RMB 28,790,000 from RMB 34,690,000 in the previous fiscal year, mainly due to reduced depreciation and human resource costs[36]. - Net financial expenses decreased by 21.55% to RMB 910,000 from RMB 1,160,000 in the previous fiscal year, primarily due to a reduction in interest-bearing borrowings[37]. Operational Efficiency - The company aims to optimize the utilization of existing properties and equipment, including leasing idle facilities[24]. - The group has no significant investments, acquisitions, or disposals planned, focusing instead on streamlining operations and exploring new market opportunities to enhance revenue streams[43]. - The group continues to monitor foreign exchange risks to maintain them at acceptable levels[49]. Employee Management - As of July 31, 2023, the group had a total of 160 employees, a decrease from 253 employees in 2022, resulting in a reduction of human resources expenses to RMB 20,580,000 from RMB 35,430,000 in the previous fiscal year[50]. - Employee turnover rate decreased from 50.20% in FY2022 to 37.70% in FY2023[108]. - Employee turnover rate for males dropped from 48.41% in FY2022 to 34.09% in FY2023, while for females it decreased from 51.95% to 41.60%[108]. - Average training hours per employee exceeded 2 hours during the reporting period, with a focus on continuous learning and development[92]. Environmental Initiatives - The company has invested RMB 80,000,000 in renewable energy, specifically solar energy, generating over 8,455,960 kWh of electricity during the reporting period[73]. - Solar energy now accounts for over 10% of the company's total electricity consumption in production processes[73]. - The company has implemented an environmental management system compliant with international standards, achieving ISO14001:2015 certification[72]. - The company has adopted a waste management program promoting the "5Rs" principle, focusing on replacement, reduction, reuse, recovery, and recycling[72]. - Total greenhouse gas emissions decreased from 4,049 tons CO2 equivalent in FY2021/22 to 2,634 tons CO2 equivalent in FY2022/23, a reduction of 34.91%[87]. Governance and Compliance - The company has adhered to the corporate governance code, with the exception of certain provisions, including the separation of roles between the Chairman and the CEO[135]. - The board held four meetings during the fiscal year ending July 31, 2023, with all executive directors attending all meetings[143]. - The company has established a comprehensive regulatory compliance framework to ensure adherence to relevant laws and regulations[105]. - The board confirmed that there were no significant risks or internal control weaknesses identified during the fiscal year ending July 31, 2023[174]. Community Engagement - The company actively engages in community investment and supports various social welfare activities through its charitable foundation[104]. - The company has not reported any significant non-compliance issues related to environmental, employment, or operational practices during the reporting period[105].
威铖国际(01002) - 2023 - 年度财报