Financial Performance - The group recorded total revenue of RMB 62,198,000 for the year ended December 31, 2022, a decrease of approximately 14.60% from RMB 72,830,000 in the previous year[7][15]. - The net profit attributable to the owners of the company for the year was RMB 5,586,000[7]. - The overall gross profit for the year was approximately RMB 16,909,000, with a gross profit margin decreasing from about 32% to approximately 27%[16]. - Other income and gains decreased significantly from approximately RMB 66,399,000 to about RMB 4,327,000, primarily due to the recognition of gains from the return of land under investment properties in the previous year[17]. - The company's profit attributable to owners for the year ended December 31, 2022, was approximately RMB 5,586,000, a decrease of 90.6% compared to RMB 59,750,000 for the year ended December 31, 2021[24]. - The company reported a pre-tax profit of RMB 7,608,000, a decline of 89.5% compared to RMB 72,677,000 in 2021[196]. - The company’s total cash flow for the year was RMB 8,639,000, a decrease of 90.4% from RMB 90,405,000 in 2021[197]. Expenses and Costs - Selling and distribution expenses increased by approximately 32% to about RMB 3,301,000, mainly due to increased salaries and depreciation[18]. - Administrative expenses decreased by approximately 30% to about RMB 10,350,000, attributed to the write-off of properties, plants, and equipment in the previous year[19]. - Depreciation of property, plant, and equipment increased to RMB 1,367,000 from RMB 434,000, reflecting a rise of 215.4%[196]. Assets and Liabilities - As of December 31, 2022, the group's current assets were approximately RMB 150,107,000, resulting in a current ratio of 10.6, down from 11.4 as of December 31, 2021[26]. - The group's debt-to-equity ratio as of December 31, 2022, was 21%, down from 23% as of December 31, 2021, due to a decrease in deferred tax liabilities and an increase in equity from profits[27]. - The group's net asset value as of December 31, 2022, was approximately RMB 150,107,000, an increase from RMB 140,021,000 as of December 31, 2021[33]. - The group's bank borrowings secured by assets amounted to RMB 14,223,000 as of December 31, 2022[28]. - Non-current liabilities decreased to RMB 16,856,000 in 2022 from RMB 19,312,000 in 2021, a reduction of 15.4%[191]. Inventory and Receivables - Trade receivables and notes increased by 44% to approximately RMB 8,081,000, attributed to higher sales compared to the previous year[26]. - The group's trade receivables amounted to approximately RMB 7,662,000, net of impairment provisions of RMB 1,684,000[174]. - The expected credit loss provision for trade receivables was reversed by approximately RMB 449,000 during the year[174]. - The group's inventory had a book value of approximately RMB 11,640,000, net of an inventory impairment provision of approximately RMB 701,000 as of December 31, 2022[171]. Corporate Governance - The company has adopted the GEM listing rules to enhance corporate governance and transparency, ensuring responsible decision-making and risk management[48][49]. - The company has established a code of conduct for securities trading by directors, ensuring compliance with GEM listing rules[50]. - The company has a management team with extensive experience, including over 20 years in quality control and more than 15 years in accounting and finance[42][44]. - The board of directors consists of six members, with all attending 100% of the meetings held in 2022, totaling four meetings[51][60]. - The audit committee held five meetings in 2022 to review the financial performance and internal audit matters, with all members attending every meeting[59][60]. Environmental and Social Responsibility - The company conducted a comprehensive materiality assessment in 2022 to identify and prioritize environmental, social, and governance issues relevant to its operations[72]. - The company is committed to setting annual environmental goals focused on sustainability, with regular reviews by the board to assess progress[74]. - The company generated approximately 42 tons of CO2 emissions annually from its largest factory located in Shanghai, calculated based on guidelines from the Shanghai Municipal Ecology and Environment Bureau[85]. - The total waste generated by the company during the year was approximately 55 tons, with packaging materials weighing between 0.2 kg to 1 kg per product depending on type and size[86]. - The company has implemented policies to monitor weather forecasts and communicate with suppliers and customers in anticipation of transportation disruptions due to extreme weather[94]. Employee and Training - The group maintained a stable employee count of 90 as of December 31, 2022, consistent with the previous year[34]. - Total number of employees as of December 31, 2022, is 90, with 55 males and 35 females[100]. - 20% of male employees and 10% of female employees received training during the year[106]. - Average training hours per employee were 20 hours for males and 15 hours for females[107]. Shareholder Information - The company did not propose any dividends for the fiscal year ending December 31, 2022[131]. - The company's distributable reserves as of December 31, 2022, amounted to approximately RMB 33,962,000[139]. - Sales to the top five customers accounted for approximately 67% of total revenue, with the largest customer contributing about 35%[140]. - Purchases from the top five suppliers represented approximately 42% of total procurement, with the largest supplier accounting for about 22%[141]. Audit and Compliance - The independent auditor's report confirmed that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2022, in accordance with International Financial Reporting Standards[161]. - The company identified the assessment of goodwill impairment as a key audit matter due to significant management judgment and estimates involved[168]. - The assessment of inventory provisions was also identified as a key audit matter, considering the management's judgments regarding obsolescence and net realizable value[172]. - The audit procedures included discussions with management to understand the basis and methods of the expected credit loss assessment[175].
上海青浦消防(08115) - 2022 - 年度财报