Financial Performance - Revenue for the fiscal year ended December 31, 2023, was RMB 981,574,000, representing a 2.5% increase from RMB 957,569,000 in 2022[3] - Gross profit for the same period was RMB 258,859,000, up 4.7% from RMB 247,317,000 in the previous year[3] - The gross margin improved to 26.4%, an increase of 0.6 percentage points from 25.8% in 2022[3] - The company reported a loss attributable to shareholders of RMB 2,002,000, compared to a loss of RMB 1,387,000 in the previous year, reflecting a 44.3% increase in losses[3] - The company reported a net loss of RMB 2,056 thousand for the year ended December 31, 2023[29] - The group recorded a consolidated net loss attributable to shareholders of approximately RMB 2.0 million, compared to a net loss of RMB 1.4 million in the previous year, representing an increase in net loss of RMB 0.6 million[85] Cash and Assets - The net cash position decreased by 16.7% to RMB 228,442,000 from RMB 274,115,000 year-over-year[3] - Total assets as of December 31, 2023, were RMB 1,964,073,000, down 4.5% from RMB 2,056,733,000 in 2022[3] - The company’s net current assets increased by 68.2% to RMB 153,485,000 from RMB 91,240,000 in the previous year[3] - The company reported a net cash position of RMB 520.7 million as of December 31, 2023, an increase from RMB 502.1 million in 2022[118] Liabilities - The total liabilities decreased from RMB 822,035 thousand in 2022 to RMB 762,735 thousand in 2023, representing a reduction of approximately 7.2%[14] - Non-current liabilities increased from RMB 195,175 thousand in 2022 to RMB 228,151 thousand in 2023, an increase of approximately 16.9%[14] - Current liabilities decreased from RMB 626,860 thousand in 2022 to RMB 534,584 thousand in 2023, a decrease of approximately 14.7%[14] - The total borrowings amounted to RMB 292.3 million as of December 31, 2023, an increase from RMB 228.0 million in 2022[80] Expenses and Costs - Total expenses for the year 2023 amounted to RMB 983,197 thousand, compared to RMB 972,498 thousand in 2022, reflecting an increase in costs[38] - The company reported a significant increase in depreciation and amortization expenses, totaling RMB 75,609 thousand in 2023 compared to RMB 63,651 thousand in 2022[38] - Employee benefits expenses totaled approximately RMB 209.0 million for the year, a decrease from RMB 214.0 million in 2022, due to cost control measures implemented by the group[131] Revenue Breakdown - Total revenue for the year ended December 31, 2023, was RMB 981,574 thousand, with jelly products contributing RMB 567,185 thousand, puffed food RMB 274,205 thousand, seasoning products RMB 78,859 thousand, and candy and other products RMB 61,325 thousand[29] - The group's sales revenue for jelly products was approximately RMB 567.2 million, a year-on-year increase of about 0.4%, accounting for 57.8% of total revenue[90] - The sales revenue for puffed products was approximately RMB 274.2 million, a year-on-year increase of about 3.4%, accounting for 27.9% of total revenue[88] - The sales revenue for seasoning products was approximately RMB 78.9 million, a year-on-year increase of about 7.2%, accounting for 8.0% of total revenue[93] - The sales revenue for candy and other products was approximately RMB 61.3 million, a year-on-year increase of about 13.5%, accounting for 6.2% of total revenue[94] Governance and Management - The company plans to maintain high standards of corporate governance to manage business risks and enhance transparency[41] - The board consists of 11 members, including 3 executive directors and 4 independent non-executive directors[139] - The chairman and executive director is Mr. Xu Qingliu[139] - The financial director and company secretary is Mr. Huang Weiliang[139] - The CEO is Mr. Wu Wenxu[139] Future Plans and Strategies - The company plans to continue evaluating the impact of new accounting standards and expects no significant impact on financial performance upon their implementation[27] - The group plans to continue expanding sales channels and developing higher-margin new products to enhance overall product sales and profitability[85] - The company aims to enhance its product diversity and market share by launching new flavor products, targeting both the restaurant and household markets[103] - The company plans to continue developing new snack products, including healthier options, to meet consumer demand for health-conscious eating[103] Miscellaneous - The company did not recommend a final dividend for the year ending December 31, 2023, consistent with no dividend in 2022[56] - The company incurred a loss of RMB 8,616,000 related to the deemed disposal of an associate, reflecting a significant impact on its financial position[66] - The group had no significant contingent liabilities as of December 31, 2023, and no major acquisitions or disposals of subsidiaries, associates, or joint ventures during the year[125]
亲亲食品(01583) - 2023 - 年度业绩