Financial Performance - The company's revenue for the year ended December 31, 2022, was RMB 29,502,000, a decrease of 31.5% compared to RMB 43,095,000 in 2021[18]. - The company reported a loss before income tax of RMB 38,753,000 for 2022, compared to a profit of RMB 20,236,000 in 2021[18]. - The net loss for the year was RMB 32,486,000, compared to a profit of RMB 14,931,000 in the previous year, indicating a significant decline in profitability[18]. - Basic loss per share for 2022 was RMB 8.18, compared to earnings of RMB 0.04 per share in 2021[18]. - The income tax credit for 2022 was RMB 6,268,000, compared to an expense of RMB 5,305,000 in 2021, reflecting a change in tax position[18]. - The Group's total revenue for 2022 was approximately RMB 29.50 million, reflecting a year-on-year decrease of 31.55%[36]. - The net loss for the Group in 2022 was approximately RMB 32.49 million, which is a significant increase in loss of 317.62% compared to the previous year[36]. - The Group recorded a gross profit of approximately RMB12.59 million, a decrease of approximately 63.36% compared to approximately RMB34.36 million for the same period last year[50]. - Other income and gains amounted to approximately RMB10.84 million, a decrease of approximately 33.42% from approximately RMB16.28 million for the same period last year, mainly due to a reduction in tax refunds and changes in fair value of financial assets[56]. - The cost of sales increased to approximately RMB16.91 million, an increase of approximately 93.48% from approximately RMB8.74 million in the same period last year, primarily due to increased sales costs in the energy storage business[55]. Business Strategy and Operations - The Group has diversified its business by exploring opportunities in the 5G base station leasing and energy storage sectors, aiming to enhance revenue streams and shareholder value[23]. - The Group's financial leasing business primarily focuses on providing services to SMEs across various industries, including FMCG, electronics, and medical sectors[33]. - The Group plans to reduce investment in finance leasing and continue identifying suitable business opportunities to diversify its revenue structure[27]. - The tightening of regulations in the finance leasing industry has significantly impacted the Group's operations, limiting its business expansion[21]. - The Group is diversifying its business by extending its financial leasing services to the 5G sector, focusing on marketing and team building[43]. - Jiangsu Anshi has completed the first-phase construction and production of its energy storage products, establishing a standardized commercial energy storage system[44]. - The Group aims to enhance its asset safety management and optimize its risk management system to ensure long-term stability and shareholder value[48]. - The Group's provision for impairment loss on accounts receivable was approximately RMB38.25 million, an increase of approximately 420.41% from RMB7.35 million in the same period last year[64]. Market Environment - The overall economic environment remains challenging, with GDP growth in China at 3% year-on-year, reaching RMB 121 trillion in 2022[31]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with a combined revenue of 500 million[118]. - Market expansion plans include entering three new international markets by the end of the next fiscal year[118]. Governance and Management - The company’s directors confirm that the information in the report is accurate and complete in all material aspects, ensuring transparency for investors[4]. - The company is focused on improving internal control and risk management systems, leveraging the expertise of its supervisory committee and management team[140]. - The management team includes individuals with diverse backgrounds in finance, accounting, and risk management, contributing to the company's strategic decision-making[141]. - The Company has complied with all code provisions of the Corporate Governance Code, except for deviation from code provision C.2.1[147]. - The Board consists of nine Directors, including three executive Directors, three non-executive Directors, and three independent non-executive Directors[153]. - The Company has established a complete system of internal procedures and information disclosure policy to ensure timely and accurate disclosure of relevant information[198]. - The Company aims to maintain at least two female representations on the Board and will consider appointing more female Directors in the future[200]. Employee and Remuneration Policies - Employee expenses amounted to RMB10.42 million, slightly down from RMB10.66 million in 2021, with an increase in the number of employees from 32 to 48[80]. - The Group's remuneration policy aims to reflect individual performance through a reasonable remuneration package, including basic salary and performance benefits[178]. - The Group has implemented employee performance appraisal mechanisms to adjust salaries annually based on performance, aiming to reduce talent loss[179]. - There were no share incentive schemes in place during the Reporting Period[181]. Compliance and Audit - The Audit Committee is composed of three independent non-executive Directors, overseeing the financial reporting process and internal control systems[160]. - The Audit Committee held four meetings during the Reporting Period to review financial results and significant issues related to financial reporting and compliance procedures[166]. - The Company paid HK$1,430,000 for audit services and HK$397,281 for non-audit services, totaling HK$1,827,281 in auditor's remuneration for the Reporting Period[193].
富银融资股份(08452) - 2022 - 年度财报