Financial Performance - Revenue for the fiscal year ended December 31, 2023, was RMB 218.698 million, representing a 10.2% increase from RMB 198.543 million in 2022[2] - Gross profit for the same period was RMB 50.878 million, up 14.2% from RMB 44.558 million in the previous year[2] - The gross profit margin improved to 23.3%, an increase of 0.9 percentage points from 22.4% in 2022[2] - Net profit attributable to the owners of the company was RMB 20.552 million, reflecting an 18.7% increase from RMB 17.312 million in 2022[3] - Basic and diluted earnings per share for the year were both RMB 3.1, a 19.2% increase compared to RMB 2.6 in the prior year[2] - Total comprehensive income for the year was RMB 21.212 million, compared to RMB 20.859 million in 2022[6] - Other income and gains for the year amounted to RMB 6.486 million, compared to RMB 3.792 million in 2022[3] - The company reported a pre-tax profit of RMB 24.694 million, up from RMB 18.609 million in the previous year[3] Assets and Liabilities - Non-current assets increased to RMB 201,200 thousand in 2023 from RMB 149,621 thousand in 2022, representing a growth of 34.5%[8] - Current assets remained stable at RMB 417,863 thousand in 2023 compared to RMB 417,178 thousand in 2022, showing a slight increase of 0.2%[8] - Total current liabilities rose to RMB 259,961 thousand in 2023 from RMB 232,453 thousand in 2022, an increase of 11.9%[8] - Non-current liabilities increased to RMB 16,903 thousand in 2023 from RMB 11,836 thousand in 2022, reflecting a growth of 42.8%[9] - Total equity reached RMB 342,199 thousand in 2023, up from RMB 322,510 thousand in 2022, indicating a growth of 6.1%[9] - The company reported a net asset value of RMB 342,199 thousand in 2023, compared to RMB 322,510 thousand in 2022, reflecting a growth of 6.1%[9] - The company’s total liabilities increased to RMB 276,864 thousand in 2023 from RMB 244,289 thousand in 2022, an increase of 13.3%[9] Revenue Breakdown - Revenue from automotive molds was RMB 164,911,000, up 20.2% from RMB 137,328,000 in the previous year[26] - Revenue from electrical product molds decreased to RMB 38,368,000, down 5.3% from RMB 40,442,000 in 2022[26] - Revenue from major customers (those contributing 10% or more) totaled RMB 125,566,000, compared to RMB 64,619,000 in the previous year, representing a significant increase[27] - Revenue from overseas markets was RMB 9,445,000, a decrease of 24.5% from RMB 12,580,000 in 2022[26] Expenses and Costs - The cost of raw materials consumed was RMB 74,099 thousand, an increase from RMB 68,443 thousand in the previous period, reflecting a growth of approximately 10.2%[36] - Direct labor costs amounted to RMB 27,164 thousand, up from RMB 25,042 thousand, representing an increase of about 8.5%[36] - Total operating expenses were RMB 19,881 thousand, an increase from RMB 19,008 thousand, reflecting a growth of approximately 4.6%[36] - Selling and distribution expenses rose from approximately RMB 5.9 million in fiscal year 2022 to approximately RMB 6.8 million in fiscal year 2023, primarily due to increased employee costs[76] - General and administrative expenses increased from approximately RMB 23.2 million in fiscal year 2022 to approximately RMB 25.4 million in fiscal year 2023, an increase of about RMB 2.2 million or 9.6%[77] Taxation - The effective corporate income tax rate for the reporting period was 15% due to the recognition of the company as a high-tech enterprise, down from the standard rate of 25%[38] - The total tax expense for the year was RMB 3,505,000, compared to RMB 999,000 in the previous year, representing a significant increase[43] - The effective tax rate applied was 25%, consistent with the previous year[42] Dividends and Shareholder Information - The proposed final dividend is HKD 0.241 per share, totaling approximately HKD 1.6 million, subject to shareholder approval[2] - The annual general meeting is scheduled for June 13, 2024, and will determine the eligibility for the final dividend[120] Future Outlook and Strategy - The company plans to complete the construction of a new factory in Kunshan, Jiangsu Province by the end of 2023, which will enhance production efficiency and reduce logistics costs[66] - The overall automotive market in China is expected to maintain stable development in 2024, with the new energy vehicle market penetration likely to continue expanding[65] - The company faces intense competition in the automotive and automotive mold markets, which is expected to escalate in 2024[65] Compliance and Governance - The audit committee has reviewed the consolidated financial statements for the fiscal year ending December 31, 2023, ensuring compliance with accounting principles and internal controls[122] - The independent auditor confirmed that the financial figures in the announcement are consistent with the audited financial statements for the fiscal year 2023[123] - The company has maintained compliance with all corporate governance rules as of December 31, 2023, except for rules C.2.1 and C.1.6[126]
勋龙(01930) - 2023 - 年度业绩