Financial Performance - The company's revenue for the year ended December 31, 2023, was approximately RMB 1,534.0 million, an increase of about 6.3% compared to RMB 1,443.7 million in the same period last year[7]. - Gross profit for the same period was approximately RMB 394.2 million, representing a significant increase of about 32.8% from RMB 296.9 million year-on-year[7]. - Profit attributable to the owners of the company was approximately RMB 149.0 million, up about 54.5% from RMB 96.4 million in the previous year[7]. - The operating profit for the year was RMB 298.9 million, up from RMB 230.5 million in the previous year[49]. - The company's gross margin improved to 25.7% from 20.6% in the previous year, primarily due to increased heating prices and reduced sales costs[24]. - The company's net profit attributable to shareholders for the reporting period was approximately RMB 226.8 million, an increase of about 61.6% compared to RMB 140.4 million in the same period last year, driven by increased revenue and reduced sales costs[85]. - The company's profit attributable to owners for the year ended December 31, 2023, was RMB 148,980,000, an increase of 54.5% compared to RMB 96,431,000 for 2022[128]. Revenue Sources - Revenue from heating and thermal distribution services was approximately RMB 922.4 million, up from RMB 853.5 million in the previous year, driven by an increase in actual heating service area and local government price subsidies[13]. - Revenue from heating-related engineering construction services was RMB 285.3 million, accounting for 97.5% of total engineering service revenue, which decreased from RMB 301.6 million in the previous year[16]. - Other business income decreased to RMB 36.7 million from RMB 40.2 million in the previous year, primarily due to a reduction in sales of heating service facilities[18]. - Customer contract revenue from heating and thermal distribution services was RMB 1,103,360 thousand, up from RMB 1,015,218 thousand in 2022, showing an increase of approximately 8.7%[99]. Customer and Service Expansion - The total actual heating service area as of December 31, 2023, was approximately 47.4 million square meters, an increase of 13.1% from approximately 41.9 million square meters as of December 31, 2022[13]. - The number of heating service customers increased to approximately 427,031 as of December 31, 2023, compared to 303,900 customers a year earlier[13]. - The company has seven franchised heating service projects, with 50% of the pipeline construction for the Baotou project completed by December 31, 2023[12]. Costs and Expenses - The total cost of sales decreased by 0.6% to approximately RMB 1,140.0 million from RMB 1,146.9 million in the previous year[51]. - Other net losses for the reporting period amounted to approximately RMB 5.1 million, a 41.9% increase from RMB 3.6 million in the same period last year, mainly due to foreign exchange losses[27]. - Financial costs for the reporting period were approximately RMB 50.4 million, a decrease of about 40.1% from approximately RMB 84.1 million in the same period last year, mainly due to lower loan interest rates[57]. - Administrative expenses increased by 25.5%, rising from approximately RMB 1,396 million to about RMB 1,752 million, mainly due to increased employee benefits and higher business entertainment expenses from marketing activities[199]. Dividends and Shareholder Returns - The board has proposed a final dividend of RMB 0.15 per share for the year ended December 31, 2023, subject to approval at the upcoming annual general meeting, totaling approximately RMB 45.24 million[7]. - The company reported no dividends paid or declared for the year ending December 31, 2023, consistent with 2022[107]. - The company plans to propose a final dividend of RMB 0.15 per share for the year ending December 31, 2023, subject to shareholder approval, totaling approximately RMB 45,240,000[111]. Assets and Liabilities - The company's total assets as of December 31, 2023, were RMB 5,796.96 million, compared to RMB 5,244.23 million as of December 31, 2022[63]. - The company's total equity as of December 31, 2023, was RMB 1,299.01 million, an increase from RMB 922.56 million as of December 31, 2022[64]. - The total liabilities as of December 31, 2023, amounted to RMB 1,043,407 thousand, an increase from RMB 976,277 thousand in 2022, representing a growth of approximately 6.9%[104]. - Trade receivables within one year decreased to RMB 374,903,000 in 2023 from RMB 434,000,000 in 2022, while trade receivables from one to two years increased significantly to RMB 103,575,000 from RMB 52,158,000[130]. Future Plans and Investments - The company plans to focus on market expansion and the establishment of a heating technology center at the Carbon Neutrality Central Research Institute in 2024[60]. - The company plans to establish a heating technology center at the Carbon Neutrality Central Research Institute in 2024, focusing on the development of carbon-neutral heating technologies[88]. - The group intends to increase research and development investment to support the market expansion of its heating services[88]. - The company expects the market size for engineering construction services focused on heating facilities to grow to RMB 70.8 billion by 2027[36]. Corporate Governance - The company has adopted a corporate governance code and continuously reviews and enhances internal controls and procedures in response to regulatory changes[117]. - The company has established an audit committee consisting of two independent non-executive directors and one non-executive director[148]. - The company has complied with all principles and provisions of the corporate governance code since its listing date[145]. Miscellaneous - The company reported no significant events affecting its financial position or operations from the end of the reporting period until the announcement date[151]. - There are no significant future investment or capital asset plans disclosed as of the announcement date[150].
慧居科技(02481) - 2023 - 年度业绩