Financial Performance - The group's revenue for the year ended December 31, 2023, was approximately RMB 815.3 million, an increase of about 19.8% compared to RMB 680.3 million for the year ended December 31, 2022[3]. - The group's gross profit for the year ended December 31, 2023, was approximately RMB 99.1 million, representing a growth of approximately 31.2% from RMB 75.6 million in the previous year[3]. - The profit attributable to equity holders of the parent company for the year ended December 31, 2023, was approximately RMB 6.1 million, a significant increase of approximately 122.1% from a loss of RMB 27.8 million in the previous year[3]. - The group's profit before tax for the year ended December 31, 2023, was approximately RMB 5.3 million, compared to a loss of RMB 35.8 million for the year ended December 31, 2022, marking an increase of approximately 114.7%[3]. - Basic and diluted earnings per share for the year ended December 31, 2023, were approximately RMB 0.30, a recovery from a loss of RMB 1.36 per share in the previous year, reflecting an increase of approximately 122.1%[3]. - The total cost of sales for the year was RMB 716,190,000, resulting in a total gross margin of 12.1%[35]. - Other income for 2023 totaled RMB 8,670,000, significantly increasing from RMB 1,909,000 in 2022, marking a growth of approximately 354.5%[52]. - The group reported a pre-tax profit of RMB 525,920,000 for the cost of goods sold in 2023, compared to RMB 451,612,000 in 2022, representing an increase of approximately 16.4%[54]. - The group reported a profit of approximately RMB 6.1 million for the year ended December 31, 2023, compared to a loss of approximately RMB 27.8 million for the year ended December 31, 2022, an increase of about 121.9%[121]. Assets and Liabilities - Non-current assets totaled RMB 26,197 million in 2023, an increase of 1.5% from RMB 25,808 million in 2022[8]. - Current assets increased significantly to RMB 408,802 million in 2023, up 37.5% from RMB 297,453 million in 2022[8]. - Total current liabilities rose to RMB 239,469 million in 2023, a 76.7% increase compared to RMB 135,486 million in 2022[8]. - The net asset value increased to RMB 191,578 million in 2023, reflecting a growth of 3.9% from RMB 185,132 million in 2022[9]. - The company reported a total equity of RMB 191,578 million in 2023, with a slight increase in retained earnings to RMB 172,972 million from RMB 166,479 million in 2022[9]. - Trade payables as of December 31, 2023, totaled RMB 143,543,000, up from RMB 76,766,000 in 2022, reflecting an increase of 87.2%[77]. - The debt-to-asset ratio was approximately 51.0% as of December 31, 2023, compared to 21.0% as of December 31, 2022[127]. - Total current liabilities amounted to approximately RMB 239.5 million as of December 31, 2023, compared to RMB 135.5 million as of December 31, 2022[128]. Revenue Breakdown - The revenue from the mainland China market was RMB 796,988,000, up from RMB 659,483,000 in the previous year, indicating a growth of 20.9%[36]. - The revenue from cloud services reached RMB 260,047,000, showing a significant increase from RMB 229,537,000 in the previous year[35]. - The revenue from Hong Kong was RMB 18,337,000, compared to RMB 13,438,000 in 2022, reflecting a growth of 36.5%[36]. - The revenue from services transferred over time amounted to RMB 73,568,000, while revenue from services transferred at a point in time was RMB 741,757,000[39]. - The company generated approximately RMB 163,788,000 in revenue from a single major customer, an increase from RMB 121,019,000 in 2022[38]. Accounting and Compliance - New accounting policies have been adopted for the current financial year, aligning with the latest Hong Kong Financial Reporting Standards[21]. - The group has disclosed significant accounting policy information in accordance with Hong Kong Accounting Standard No. 1 (Revised) without any impact on the financial statements[25]. - The group plans to apply the newly issued but not yet effective Hong Kong Financial Reporting Standards when they come into effect[26]. - The audit committee has reviewed the accounting principles and consolidated financial performance for the year ending December 31, 2023, confirming compliance with applicable accounting standards[157]. - The financial data in the preliminary announcement is consistent with the consolidated financial statements for the year, as confirmed by Ernst & Young[158]. Research and Development - Research and development expenses were RMB 35,661,000 in 2023, slightly decreasing from RMB 38,605,000 in 2022, showing a decline of approximately 6.3%[54]. - The group plans to focus on developing cloud services and self-developed products and industry solutions, leveraging advancements in AI, big data, and digital transformation technologies[106]. - The group has developed 125 registered software trademarks and three registered patents as of December 31, 2023, with three additional patents pending in mainland China[89]. - The group achieved CMMI Level 3 certification in June 2023, indicating recognized software capability maturity and project management standards[90]. Market Strategy and Innovation - The company has leveraged opportunities from the AIGC trend, launching industry solutions based on OpenAI's ChatGPT to enhance competitiveness in the software sector[81]. - The company aims to expand its market share rapidly by focusing on technological innovation and responding to market demands[81]. - The company has integrated AI capabilities into its self-developed products and solutions, leveraging its technological innovation to provide significant benefits to customers[94]. - The e-GPT intelligent knowledge assessment system offers comprehensive knowledge assessment services, enhancing learning efficiency and teaching processes for clients[98]. - The company showcased its innovative AI products at the Global AI Product Application Expo in Suzhou, attracting significant attention and inquiries[101]. Employee and Governance - The group employed 253 employees as of December 31, 2023, down from 295 employees as of December 31, 2022[137]. - Employee benefit expenses, including director remuneration, amounted to approximately RMB 48.9 million for the year ended December 31, 2023, compared to RMB 51.6 million for the previous year[137]. - The company has complied with the corporate governance code, except for a deviation regarding the roles of the Chairman and CEO[148]. - The company will hold its annual general meeting on May 24, 2024, with a suspension of shareholder registration from May 21 to May 24, 2024[153]. Taxation - The group reported a total tax expense of RMB 826,000 for the year ended December 31, 2023, compared to RMB 8,058,000 in 2022, indicating a significant decrease in tax liabilities[64]. - The effective tax rate for 2023 was 15.7%, down from 22.5% in 2022, reflecting a reduction in taxable income and adjustments for prior periods[65]. - The group recognized deferred tax liabilities totaling approximately RMB 83,351,000 related to undistributed profits from subsidiaries in mainland China, an increase from RMB 71,375,000 in 2022[66].
伊登软件(01147) - 2023 - 年度业绩