Financial Performance - Revenue for 2022 was RMB 1,496,977, a decrease of 4.7% compared to RMB 1,569,991 in 2021[11]. - Gross profit increased to RMB 961,922, with a gross profit margin of 64.3%, up from 60.7% in the previous year[11]. - Loss before tax improved significantly to RMB (658,407), a reduction of 79.8% from RMB (3,251,782) in 2021[11]. - Revenue from subscription solutions decreased by 8.6% year-on-year to approximately RMB 890,223,000, primarily due to a decline in cloud service fees[55]. - Revenue from merchant solutions increased by 2.2% year-on-year to approximately RMB 597,780,000[56]. - The group's cost of sales decreased by 13.4% to approximately RMB 535,055,000 in 2022 from RMB 617,728,000 in 2021, driven by a 15.1% reduction in transaction costs[66]. - Gross profit for 2022 was approximately RMB 961,922,000, representing a year-on-year increase of 1.0% from RMB 952,263,000 in 2021, with a gross profit margin rising from 60.7% to 64.3%[67]. - The gross profit from subscription solutions was approximately RMB 660,006,000 in 2022, a decrease of 5.3% from RMB 696,684,000 in 2021, while the gross profit margin increased from 71.5% to 74.1%[69]. - The gross profit from merchant solutions was approximately RMB 298,902,000 in 2022, an increase from RMB 255,520,000 in 2021, with the gross profit margin rising from 43.7% to 50.0%[68]. Business Strategy and Development - The company aims to enhance its service offerings and transition from a SaaS-based system to a more comprehensive solution service in 2023[22]. - Youzan aims to achieve small-scale operating profitability in 2023 while maintaining steady business growth[24]. - The company plans to enhance knowledge accumulation and transmission to improve collaboration efficiency and increase annual per capita output[25]. - Youzan is transitioning from providing primarily SaaS systems to offering comprehensive solution services to merchants[33]. - The company intends to expand its operational services and value-added services to help merchants increase GMV and boost its own revenue[33]. - Youzan Technology plans to spend approximately RMB 620 million on research and development to widen its product range and enhance infrastructure, and RMB 260 million on marketing to increase advertising and distribution agents[146]. - The company aims to enhance its competitive edge in the e-commerce platform industry, which faces challenges from ongoing COVID-19 impacts[147]. Corporate Governance - The board of directors collectively accepts full responsibility for the accuracy and completeness of the report[6]. - The company has a risk committee and an audit committee to oversee financial practices and risk management[9]. - The leadership team has a diverse educational background, with degrees from prestigious universities and professional certifications in finance and accounting[97]. - The company emphasizes innovation in technology and user experience, leveraging the expertise of its executives from leading tech firms[89]. - The management team is committed to driving growth and expanding market presence through strategic initiatives and product development[92]. Shareholder Information - The Group did not recommend the payment of any dividend for 2022, consistent with 2021[112]. - The Company had no convertible bonds or warrants outstanding as of December 31, 2022[129]. - The Company's share premium account was approximately RMB 6,420,355,000 as of December 31, 2022, compared to RMB 6,098,424,000 in 2021, which may be distributed as fully paid bonus shares[135]. - The Group's share option scheme adopted on June 12, 2019, remains in effect, with specific options granted to selected directors[132]. - The Group has a share award scheme in place since May 31, 2018, aimed at recognizing contributions and retaining personnel[134]. Risk Management - The company emphasizes the potential investment risks associated with companies listed on GEM[4]. - The Group monitors foreign currency risks, primarily dealing in Renminbi due to its operations in the PRC[116]. - The Group monitors its foreign exchange risk and considers hedging significant currency risks when necessary[119]. Employee and Operational Metrics - The number of employees decreased to 1,952 as of December 31, 2022, from 4,494 in 2021, primarily due to rationalization of R&D investment and organizational structure optimization[122]. - In 2022, Youzan achieved an annual per capita output of approximately RMB 570,000, representing a 51% year-on-year increase[33]. - The average annual sales per merchant exceeded RMB 1.2 million, representing a year-on-year increase of approximately 9%[15]. Related Party Transactions - The company has complied with GEM Listing Rules regarding related party transactions and continuing connected transactions for the year ended December 31, 2022[141]. - The auditor confirmed that the continuing connected transactions were approved by the Board and were in accordance with the Group's pricing policies[175]. - The independent non-executive Directors confirmed that the continuing connected transactions were entered into in the ordinary course of business and on normal commercial terms[173]. Leadership and Management - Mr. Zhu Ning, the CEO and chairman, has been with the company since April 2018 and is responsible for overall development planning and business strategies[88]. - Mr. Cui Yusong, the CTO, focuses on technology reserve, artificial intelligence, and product strategic planning, having joined the company in April 2018[89]. - Mr. Yu Tao, the CFO, has been with the company since April 2018, overseeing financial planning and management, and investor relations[91]. - Ms. Ying Hangyan, the Chief Service Officer, is responsible for client services and contract compliance, having joined the company in April 2018[92]. - The company has a strong leadership team with extensive experience in technology, finance, and service management, enhancing its operational capabilities[90].
有赞(08083) - 2022 - 年度业绩