Financial Performance - For the year ended December 31, 2023, the company's total revenue decreased by 59.9% to RMB 64,536,000 from RMB 161,051,000 in the previous year[5]. - The revenue from the film, television, and non-drama segments dropped by 73.6% to RMB 35,784,000, while the artist and event management business saw a 12.3% increase to RMB 28,752,000[5]. - The company reported a loss attributable to shareholders of RMB 2,898,000, compared to a loss of RMB 302,000 in the previous year, representing an increase of 859.6%[5]. - The basic loss per share for the year was RMB 0.20, compared to RMB 0.02 in the previous year, indicating a 900.0% increase in losses per share[5]. - The gross profit for the year was RMB 30,285,000, down from RMB 50,313,000 in the previous year[10]. - The company experienced a pre-tax loss of RMB 7,552,000, compared to a pre-tax loss of RMB 6,640,000 in the previous year[10]. - The company reported an annual loss of RMB 7,717,000 for 2023, compared to a loss of RMB 7,525,000 in 2022, indicating a year-over-year increase in losses of approximately 2.55%[12]. - Total comprehensive income for the year amounted to RMB (7,982,000), a significant decrease from RMB 27,610,000 in the previous year, reflecting a decline of approximately 129%[12]. - The company reported a significant decrease in the fair value of equity investments from RMB 32,629,000 in 2022 to RMB 24,960,000 in 2023, reflecting a decline of about 23.7%[14]. - The company’s total comprehensive income attributable to owners was RMB (3,569,000) for the year, compared to RMB 33,268,000 in the previous year, indicating a decline of approximately 110.7%[12]. Assets and Liabilities - As of December 31, 2023, the company's cash and bank balances (net of bank borrowings) were RMB 301,641,000, down from RMB 318,361,000 in the previous year[6]. - The total assets decreased by 7.8% to RMB 491,534,000, while total liabilities decreased by 35.3% to RMB 61,484,000[7]. - The net asset value per share attributable to shareholders was RMB 31.64, a slight decrease of 0.8% from RMB 31.90 in the previous year[7]. - Non-current assets decreased from RMB 42,776,000 in 2022 to RMB 34,711,000 in 2023, representing a reduction of about 18.9%[14]. - Current assets increased significantly from RMB 42,657,000 in 2022 to RMB 85,373,000 in 2023, marking an increase of approximately 100.3%[14]. - The company's total liabilities decreased from RMB 91,134,000 in 2022 to RMB 58,474,000 in 2023, a reduction of about 35.7%[14]. - The equity attributable to the owners of the company decreased from RMB 452,793,000 in 2022 to RMB 449,214,000 in 2023, a slight decline of approximately 0.6%[16]. - Trade receivables decreased to RMB 31,410,000 in 2023 from RMB 91,589,000 in 2022, reflecting a decline of 65.7%[49]. - The company recorded a total of RMB 16,550,000 in trade receivables after accounting for impairment provisions, down from RMB 82,273,000 in 2022[48]. Revenue Streams - The artist and event management segment generated revenue of RMB 28,752 thousand in 2023, an increase of 12% from RMB 25,603 thousand in 2022[27]. - Revenue from external customers for the year ended December 31, 2023, was RMB 64,536,000, a decrease from RMB 161,051,000 in 2022, representing a decline of approximately 60%[34]. - Revenue from film, television, and non-dramatic production was RMB 24,508 thousand in 2023, down 79% from RMB 117,699 thousand in 2022[24]. - The company's revenue from the film, series, and non-dramatic productions segment was RMB 135,448,000 in 2022, with a notable decline in 2023[55]. - The company recorded other income of RMB 14,376,000 this year, compared to a loss of RMB 5,213,000 in the previous year, mainly due to reduced foreign exchange losses and increased interest income[69]. Expenses and Impairments - The company incurred impairment losses on film, television, and non-dramatic investments amounting to RMB 9,140,000 in 2023, compared to RMB 3,877,000 in 2022, which is an increase of approximately 135%[39]. - Trade receivables impairment loss recognized this year is RMB 5,518,000, up from RMB 3,974,000 last year, primarily due to decreased recoverability of long-term outstanding trade receivables[73]. - Selling and distribution expenses decreased by 73.8% from RMB 5,550,000 to RMB 1,456,000, due to reduced advertising and promotional activities[70]. - Administrative expenses decreased by 5.7% from RMB 37,325,000 to RMB 35,186,000, influenced by a one-time non-recoverable debt expense in the previous year[71]. Future Outlook and Strategy - The company plans to release a new 25-episode series titled "Law Enforcers" by the end of 2024, which has already begun filming[58]. - The company aims to leverage its production expertise and strategic partnerships to capitalize on post-pandemic market recovery opportunities[63]. - The company is actively developing new content and attracting local and international investors to boost confidence in film investments[62]. - The company plans to enhance collaboration between its film and television production and artist management businesses to maximize resource potential[62]. Compliance and Governance - The group has complied with relevant laws and regulations without any significant violations during the year[92]. - The audit committee has reviewed the annual performance announcement and confirmed compliance with applicable listing rules and legal requirements[99]. - The company has adopted the standard code for securities trading by directors, ensuring compliance throughout the year[101]. - The annual report will be sent to shareholders in due course and will be available on the company's website[102].
邵氏兄弟控股(00953) - 2023 - 年度业绩