Financial Performance - For the year ended December 31, 2023, the company reported a net profit of RMB 104,175,000, compared to RMB 68,082,000 in the previous year, representing a year-over-year increase of approximately 53.2%[3][4][7] - Earnings per share (EPS) for the year was RMB 0.180, up from RMB 0.164 in the previous year, indicating a growth of about 9.8%[7] - Total revenue for the year reached RMB 2,255,903,000, an increase from RMB 2,039,583,000 in the prior year, reflecting a growth of approximately 10.6%[8] - Total comprehensive income for the year was RMB 103,068,000, compared to RMB 68,172,000 in the previous year, marking an increase of approximately 51.2%[5][9] - Profit attributable to equity shareholders increased by approximately 9.6% to about RMB 69,700,000[27] - The company's profit before tax increased to RMB 125,532 thousand in 2023, up from RMB 76,953 thousand in 2022, representing a growth of 63.3%[32] - The pre-tax profit for the reportable segments totaled RMB 137,201,000 for 2023, compared to RMB 86,858,000 in 2022, indicating a significant increase of approximately 58.2%[70] Revenue Segments - The revenue from the digital technology and digital security segment was RMB 202,671,000 in 2023, up from RMB 94,218,000 in 2022, marking a growth of approximately 115.5%[72] - The revenue from the wireless communication segment reached RMB 1,976,168,000 in 2023, compared to RMB 1,945,365,000 in 2022, showing a slight increase of about 1.6%[72] - The revenue for the fiscal year 2023 increased compared to fiscal year 2022, partly due to the acquisition of Nanjing Zhangyu Information Technology Co., Ltd. and Shanghai Zhangyu Information Technology Co., Ltd., contributing approximately RMB 202.7 million, an increase of about RMB 108.5 million or 115.1% year-on-year[148] Cost and Expenses - The gross profit margin improved to 19.3%, compared to 18.4% in the previous year, driven by better cost management and operational efficiency[8] - The cost of inventory recognized as expenses for the year ended December 31, 2023, was RMB 1,821,205, an increase of 9.5% from RMB 1,664,058 in 2022[75] - Sales and distribution expenses decreased by approximately RMB 10.6 million or 9.0% to RMB 107.8 million in fiscal year 2023, attributed to reduced salary expenses and transportation costs[129] - Other operating expenses decreased by approximately RMB 30.2 million or 19.4% to RMB 125.5 million in fiscal year 2023[131] - Administrative expenses rose from approximately RMB 60.6 million in fiscal year 2022 to approximately RMB 72.5 million in fiscal year 2023, an increase of about RMB 11.9 million or 19.6%[157] Assets and Liabilities - The company's cash and cash equivalents increased to RMB 944,863,000 from RMB 825,594,000, representing a growth of about 14.4%[10] - Non-current assets, including property, plant, and equipment, rose to RMB 1,154,766,000, up from RMB 212,359,000 in the previous year, indicating significant investment in long-term assets[11] - Current assets as of December 31, 2023, were RMB 2,517,664,000, compared to RMB 2,077,261,000 in 2022[30] - The company's total liabilities increased to RMB 453,042 thousand in 2023 from RMB 387,960 thousand in 2022, indicating a rise in financial obligations[92] - As of December 31, 2023, the company had total bank loans of RMB 1,012,909 thousand, a significant increase from RMB 228,634 thousand in 2022[93] Investments and Acquisitions - The company plans to expand its market presence and invest in new technologies to drive future growth, although specific figures were not disclosed during the call[3] - The group completed the acquisition of Zhejiang Zhongguang New Energy Technology Co., Ltd. during the year, enhancing its operations in the renewable energy sector[66] - The company invested RMB 90,000 thousand in non-controlling interests of a subsidiary in 2023, indicating strategic expansion efforts[34] Research and Development - Research and development expenses for the year amounted to RMB 114,650, slightly up from RMB 114,592 in the previous year[75] - The company plans to enhance R&D innovation and promote new products, focusing on 5G antennas and satellite communication technology for future market expansion[193] - The company is developing customized software for industrial IoT and cloud computing, aiming to provide comprehensive cloud computing services to pilot customers[195] Taxation - The estimated taxable profit for the group in Hong Kong was calculated at a tax rate of 16.5% for the year ended December 31, 2023, consistent with the previous year[58] - The income tax expense increased from approximately RMB 8.9 million in fiscal year 2022 to approximately RMB 21.4 million in fiscal year 2023, an increase of about RMB 12.5 million or 140.4%[161] Shareholder Information - Mr. Cui Wei holds 108,868,662 shares, representing 28.06% of the company's issued share capital[199] - Ms. Zhang Zhong holds 15,894,525 shares, representing 4.10% of the company's issued share capital[199] - Mr. Du Xiping is the beneficial owner of 11,468,000 shares, representing 2.96% of the company's issued share capital[199]
亨鑫科技(01085) - 2023 - 年度业绩