Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of RMB 66,323,000, a decrease of 1.38% compared to RMB 67,251,000 for the previous year[6] - The cost of sales for the fiscal year was RMB 48,582,000, which represents an increase of 2.27% from RMB 47,502,000 in the prior year[6] - Gross profit for the year was RMB 17,741,000, down 10.15% from RMB 19,749,000 year-over-year[6] - The company incurred a net loss of RMB 21,634,000 for the fiscal year, compared to a net loss of RMB 6,750,000 in the previous year, indicating a significant increase in losses[6] - Basic loss per share for the year was RMB 5.00, compared to RMB 2.55 in the previous year, reflecting a worsening financial position[6] - The total comprehensive loss for the year ended December 31, 2023, was RMB 24,715,000, compared to RMB 21,856,000 for the previous year[19] - The basic loss per share for the year ended December 31, 2023, was calculated based on 850,000,000 shares outstanding, with no diluted loss per share reported[22] Revenue Breakdown - Revenue from the sale of printed products was 25,887,000 RMB in 2023, up from 25,319,000 RMB in 2022, indicating an increase of about 2.2%[12] - Revenue from textile products reached 11,321,000 RMB in 2023, compared to 10,739,000 RMB in 2022, reflecting a growth of approximately 5.4%[12] - The revenue from the sale of printed labels was 17,207,000 RMB in 2023, an increase from 15,763,000 RMB in 2022, marking a growth of approximately 9.1%[12] - Other revenue sources accounted for 12,836,000 RMB in 2023, down from 14,502,000 RMB in 2022, indicating a decline of about 11.5%[12] Expenses and Liabilities - Administrative expenses rose to RMB 26,041,000, up from RMB 23,281,000, indicating increased operational costs[6] - The company recognized a non-cash impairment loss of RMB 9,937,000 during the year, which was not present in the previous year[6] - Trade receivables impairment losses increased to RMB 127,000 from RMB 41,000, reflecting a deterioration in receivables management[6] - The total liabilities decreased from RMB 28,372 million in 2022 to RMB 28,372 million in 2023, indicating no change year-over-year[7] Assets and Equity - The total assets decreased from RMB 50,195 million in 2022 to RMB 28,674 million in 2023, representing a decline of approximately 42.7%[7] - The net value of current assets decreased from RMB 39,999 million in 2022 to RMB 28,674 million in 2023, a reduction of about 28.4%[7] - The company's total equity decreased from RMB 50,140 million in 2022 to RMB 28,372 million in 2023, a decline of approximately 43.3%[7] - The company's cash and cash equivalents decreased from RMB 34,812 million in 2022 to RMB 19,725 million in 2023, a decline of approximately 43.4%[7] Taxation - The group did not generate any taxable profits in Hong Kong for the year ended December 31, 2023, and thus made no provisions for Hong Kong profits tax[16] - The group is required to pay a corporate income tax rate of 25% in China for the year ended December 31, 2023, consistent with the previous year[16] - The group's tax expense for the year ended December 31, 2023, was calculated based on a pre-tax loss of RMB 21,401,000, resulting in a tax provision of RMB 5,349,000[18] Corporate Strategy and Future Plans - The company is focused on improving its financial performance and exploring new strategies for market expansion and product development[5] - The group is focused on expanding its operations in functional textile products to diversify its business and increase revenue streams[29] - The company aims to optimize its capital structure through dividend payments, issuance of new shares, or debt redemption[28] - The group plans to invest more resources in marketing within China to attract potential customers and expand its customer base[34] - The group aims to explore new business opportunities to broaden its revenue sources, including expanding into functional textile products[34] Governance and Compliance - The company is committed to maintaining good corporate governance standards to protect shareholder interests and create value[77] - The company has fully complied with the GEM listing rules regarding the trading standards for directors as of December 31, 2023[78] - The audit committee has reviewed the consolidated financial statements for the year ending December 31, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[79] Employee and Operational Insights - The employee cost for the year ended December 31, 2023, was approximately RMB 24.7 million, an increase from RMB 21.9 million in 2022[56] - The group employed a total of 232 employees as of December 31, 2023, compared to 216 employees in 2022[56] - The company has maintained a public float of at least 25% throughout the year, ensuring compliance with listing requirements[28] Environmental Responsibility - The group is committed to environmental responsibility and aims to minimize its operational impact on the environment through the adoption of green technologies[62] - The group is subject to various environmental regulations in China, including pollution prevention and waste management[62] Shareholder Communication - The annual general meeting is scheduled for May 10, 2024, providing a platform for shareholders to communicate directly with the board[85] - The company will suspend share registration procedures from May 7, 2024, to May 10, 2024, to determine eligibility for voting at the annual general meeting[87] - The annual performance announcement will be published on the company's website and the Hong Kong Stock Exchange website, with the annual report expected to be released by April 2024[90]
新达控股(08471) - 2023 - 年度业绩