Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 113,132,000, an increase of 13.4% from RMB 99,588,000 in 2022[1] - The net profit attributable to shareholders for the year was RMB 23,173,000, a decrease of 3.9% compared to RMB 24,112,000 in the previous year[1] - The company reported a total comprehensive income attributable to shareholders of RMB 23,467,000, compared to RMB 11,938,000 in 2022, an increase of 96.5%[3] - The company reported a pre-tax profit of RMB 27,150,000, after accounting for unallocated corporate expenses of RMB 9,544,000[57] - Revenue increased by approximately RMB 13.5 million or 13.6% from RMB 99.6 million to RMB 113.1 million for the year ended December 31, 2023[180] Income and Expenses - Other income decreased significantly to RMB 4,871,000 from RMB 18,314,000, representing a decline of 73.4%[1] - Employee benefits expenses, including director remuneration, decreased to RMB 2,107,000 in 2023 from RMB 2,475,000 in 2022, a reduction of about 14.9%[69] - Employee benefit expenses, including director remuneration, were approximately RMB 20.6 million, down from approximately RMB 22.1 million in 2022[191] - The company's income tax expense for the current year was RMB 8,060,000, down from RMB 12,274,000 in the previous year, representing a decrease of approximately 34.0%[71] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 575,438,000, up from RMB 556,044,000 in 2022, indicating a growth of 3.5%[10] - The total liabilities increased to RMB 209,244,000 from RMB 173,509,000, representing a rise of 20.6%[9] - The total amount of receivables as of December 31, 2023, was RMB 754,672,000, an increase from RMB 576,630,000 in 2022, showing a growth of about 30.8%[83] - The total amount of secured loans reached RMB 251,647 thousand in 2023, up from RMB 131,355 thousand in 2022, reflecting a significant increase of 91.3%[128] Credit and Provisions - Expected credit loss provisions increased to RMB 43,128,000 from RMB 20,160,000, marking a rise of 113.5%[1] - The company's expected credit loss provision for accounts receivable was RMB 82,066,000 in 2023, compared to RMB 43,135,000 in 2022, representing an increase of about 90.3%[101] - The provision for impairment losses totaled RMB 89.5 million as of December 31, 2023, compared to RMB 47.5 million in 2022, reflecting an increase of approximately 88.5%[130] - The company recognized a provision for expected credit losses of approximately RMB 10.3 million related to overdue loans as of December 31, 2023[139] Business Operations - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming year[1] - The company’s main business operations are focused on providing financial consulting services in China and Hong Kong[20] - The small loan business is the core business of the company, contributing RMB 110.4 million to total revenue, representing 97.6% of the total[153] - The company has adjusted its operational strategy to focus on small loan businesses, particularly in the real estate sector, due to significant market changes[123] Market and Strategy - The company has implemented enhanced risk management measures in response to uncertainties in the macroeconomic environment[152] - The average price of second-hand properties has shown a downward trend, necessitating more cautious management and risk strategies[123] - The company aims to continue focusing on the small loan business to expand its customer base and support sustainable development[152] Shareholder Information - The proposed final dividend is HKD 0.03 per share, totaling approximately HKD 4,697,000 (equivalent to about RMB 4,269,000), unchanged from the previous year[1] - The company plans to distribute the proposed final dividend to shareholders on or before June 28, 2024, pending approval at the annual general meeting[1] Employee and Management - As of December 31, 2023, the group employed 76 full-time employees, an increase from 75 in 2022[191] - The group has implemented a risk management system to mitigate operational risks, with a structure including a top-level risk control committee and various departments[192] - The group offers various employee benefits, including medical and retirement benefits, and has adopted a share option plan for eligible employees[191]
浩森金融科技(03848) - 2023 - 年度业绩