Financial Performance - The total order amount for the group was approximately RMB 2,347.7 million, an increase of about 17.9% compared to RMB 1,991.6 million in the same period last year[2]. - The total revenue for the group was approximately RMB 1,965.4 million, up about 6.2% from RMB 1,850.1 million in the previous year[2]. - The net profit attributable to shareholders was approximately RMB 190.7 million, a decrease of 58.6% from RMB 460.6 million in the same period last year[3]. - The adjusted net profit attributable to shareholders under non-HKFRS was approximately RMB 319.6 million, down 30.6% from RMB 460.6 million in the previous year[3]. - The operating profit decreased to RMB 208.4 million, down 56.9% from RMB 483.8 million in the previous year[3]. - Basic earnings per share decreased to RMB 0.45 in 2023 from RMB 1.22 in 2022, a decline of 63.9%[20]. - Diluted earnings per share also fell to RMB 0.44 in 2023 from RMB 1.22 in 2022, reflecting a decrease of 63.9%[22]. - The company reported a pre-tax profit of RMB 190,719 thousand for 2023, down from RMB 460,554 thousand in 2022, a decline of 58.6%[20]. - Net profit decreased by approximately 58.6% from RMB 460.6 million in 2022 to RMB 190.7 million in 2023[77]. Revenue and Expenses - The total operating expenses increased to RMB 1,079,583 thousand in 2023 from RMB 678,111 thousand in 2022, representing a rise of 59.1%[16]. - Sales costs increased by approximately 36.9% from RMB 235.3 million in 2022 to RMB 322.1 million in 2023, mainly due to an increase in employee costs from RMB 223.4 million to RMB 307.6 million[69]. - General and administrative expenses surged from RMB 159.3 million in 2022 to RMB 419.0 million in 2023, largely due to share-based compensation expenses of RMB 128.9 million and increased employee costs[74]. - R&D expenses increased by approximately 25.2% from RMB 229.5 million in 2022 to RMB 287.4 million in 2023, primarily due to an increase in the number of R&D personnel[73]. Cash Flow and Assets - The operating cash flow (net inflow) was approximately RMB 444.0 million, an increase of about 86.6% compared to RMB 237.9 million in the same period last year[2]. - Cash and cash equivalents increased to RMB 745,870,000 in 2023 from RMB 352,987,000 in 2022, representing a substantial growth of 111.12%[35]. - The total financial assets measured at fair value through profit or loss increased to RMB 1,322,532,000 in 2023 from RMB 713,704,000 in 2022, marking an increase of 85.38%[29]. - The total assets less current liabilities amounted to RMB 1,514.831 million, compared to RMB 539.178 million in the previous year[6]. Dividends and Shareholder Returns - The board proposed a final dividend of approximately HKD 102.5 million, which is HKD 0.22 per share, subject to approval at the annual general meeting[2]. - The proposed final dividend is expected to be distributed by July 10, 2024[89]. User Engagement and Growth - As of December 31, 2023, the group operated 374 MCN accounts across various internet platforms, with approximately 38.9 million followers, an increase of 2.9 million followers compared to the previous year[2]. - The company achieved around 191 million video or page views and approximately 359 million interactions in the 30 days leading up to December 31, 2023, showcasing significant user engagement[46]. - The number of paid users increased to 72,805, representing a growth of approximately 6.8%[54]. Research and Development - The company aims to enhance its research and development capabilities, focusing on "technology-driven finance" to accelerate its digital transformation[47]. - As of December 31, 2023, the R&D department had 544 professionals, accounting for 19.6% of total employees, with R&D investment of approximately RMB 287.4 million, a year-on-year increase of 25.2%[48]. - The company conducted 224 research activities and published 2,140 analysis articles through its Jiufang Research Institute, enhancing its investment research capabilities[49]. Strategic Initiatives - The company launched the AI investment advisor "Jiugo" in August 2023, providing eight core services based on its proprietary model[48]. - Strategic partnerships were established with Huawei Cloud and iFlytek to co-build innovation labs, enhancing the company's technological capabilities[48]. - The company aims to integrate self-media and traditional media, enhancing online and offline operations to achieve a comprehensive business model[58]. Acquisitions and Investments - The company acquired 100% ownership of Shanghai Beixun for a total consideration of RMB 38,420,000, with the first payment of RMB 23,052,000 made as of December 31, 2023[81]. - The company entered into a conditional equity transfer agreement to acquire 100% of Guangfa Insurance for a total consideration of RMB 52,000,000[91]. Awards and Recognition - The company received multiple awards, including recognition as a leading fintech company in China, highlighting its strong brand and service quality[50]. - The company received multiple awards in 2023, including "Best Growth Hong Kong Stock Company" from CBN and "Outstanding Strategic Partner" from Hubei Broadcasting and Television[60].
九方财富(09636) - 2023 - 年度业绩