Financial Performance - The company's revenue for the year ended December 31, 2022, was RMB 13,507,537 thousand, an increase of 31.86% compared to RMB 10,243,930 thousand for the year ended December 31, 2021[10]. - The net loss attributable to the company's shareholders was RMB 275,579 thousand, a decrease of 92.28% from RMB 3,567,438 thousand for the year ended December 31, 2021[10]. - Basic loss per share for the year was RMB 0.38, compared to RMB 4.87 for the year ended December 31, 2021[10]. - Gross profit for the year was RMB 637,432 thousand, compared to RMB 575,788 thousand in the previous year[11]. - The company reported a comprehensive loss for the year of RMB (280,083) thousand, compared to RMB (3,619,163) thousand in the previous year, indicating an improvement[34]. - The company's revenue from the sale of mobile communication devices and accessories reached RMB 12,923,373 thousand, an increase of 31.5% from RMB 9,787,866 thousand in the previous year[64]. - The company's operating revenue for the year ended December 31, 2022, was RMB 13,507,537 thousand, an increase of RMB 3,263,607 thousand or 31.86% compared to RMB 10,243,930 thousand for the year ended December 31, 2021[157]. - The company's net loss for the year ended December 31, 2022, was RMB 279,145 thousand, a significant reduction of RMB 3,317,840 thousand or 92.24% compared to a net loss of RMB 3,596,985 thousand for the year ended December 31, 2021[157]. Assets and Liabilities - Total current assets amounted to RMB 6,689,161 thousand, slightly down from RMB 6,710,407 thousand in 2021[17]. - Total non-current assets decreased to RMB 375,330 thousand from RMB 664,327 thousand in 2021[17]. - Total liabilities increased slightly to RMB 6,455,371 thousand from RMB 6,416,704 thousand in 2021[18]. - The total assets less current liabilities as of December 31, 2022, were RMB 609,120 thousand, down from RMB 958,030 thousand in 2021[38]. - The company's total liabilities included trade payables of RMB 313,051 thousand and interest-bearing bank borrowings of RMB 2,687,737 thousand as of December 31, 2022[36]. - The company's total liabilities decreased to RMB 313,051 thousand from RMB 719,194 thousand in the previous year[59]. - The company's net current assets as of December 31, 2022, were RMB 233,790 thousand, down RMB 59,913 thousand or 20.40% from RMB 293,703 thousand as of December 31, 2021, mainly due to decreases in trade receivables, prepayments, and deposits, along with an increase in short-term borrowings[146]. Revenue Sources - Revenue from the domestic market in China reached RMB 13,102,348 thousand, up from RMB 9,842,207 thousand in 2021, indicating a growth of about 33.3%[29]. - Revenue recognized from goods transferred at a point in time was RMB 12,923,372 thousand, compared to RMB 9,787,866 thousand in 2021, reflecting a growth of approximately 32.8%[29]. - Revenue from online and offline sales and marketing services and other services totaled RMB 326,743 thousand, up RMB 121,558 thousand or 59.24% from RMB 205,185 thousand in the previous year[105]. Expenses and Costs - The group's cost of sales for the year ended December 31, 2022, was RMB 12,870,105 thousand, an increase of RMB 3,201,963 thousand or 33.12% compared to RMB 9,668,142 thousand for the year ended December 31, 2021[106]. - Total selling and distribution expenses for the year ended December 31, 2022, were RMB 418,065 thousand, a decrease of RMB 90,770 thousand or 17.84% compared to RMB 508,835 thousand for the year ended December 31, 2021[108]. - Administrative expenses for the year ended December 31, 2022, totaled RMB 204,396 thousand, a significant decrease of RMB 680,714 thousand or 76.91% from RMB 885,110 thousand in the previous year[111]. - Other expenses for the year ended December 31, 2022, were RMB 10,745 thousand, a decrease of RMB 602,114 thousand or 98.25% compared to RMB 612,859 thousand for the year ended December 31, 2021[112]. Taxation - The company’s income tax expense for the year was calculated based on a statutory tax rate of 25%, with certain subsidiaries benefiting from reduced rates of 15% and 12.5%[48]. - The total tax expense for the year was RMB 18,668 thousand, compared to a tax credit of RMB 308,364 thousand in the previous year[66]. - The group's income tax expense for the year ended December 31, 2022, was RMB 18,668 thousand, compared to an income tax credit of RMB 308,364 thousand for the year ended December 31, 2021[116]. Cash Flow - Cash flow from operating activities for the year ended December 31, 2022, was RMB 599,489, primarily impacted by net losses[136]. - The net cash flow from financing activities for the year ended December 31, 2022, was RMB 721,443 thousand, primarily due to new bank loans and related party loans[93]. - The net cash generated from investment activities for the year ended December 31, 2022, was RMB 10,325 thousand, primarily due to the redemption of bank financial products and the purchase of properties, plants, and equipment[118]. Employee and Compensation - Total employee compensation for the year ended December 31, 2022, was RMB 207,419 thousand, a decrease of RMB 18,434 thousand or 8.16% compared to RMB 225,853 thousand for the year ended December 31, 2021[85]. - As of December 31, 2022, the group employed 2,970 staff, a decrease from 3,599 in 2021, with total salary and employee welfare expenses amounting to approximately RMB 307,232 thousand[174]. Future Plans and Strategies - The company plans to enhance its online business scale by deepening cooperation with major e-commerce platforms and integrating online and offline resources in 2023[161]. - The company has set a target to improve its business income contribution through a diversified new retail operation model involving multiple platforms and brands in 2023[161]. - The company will establish a refined management system for stores, focusing on upgrading old stores and enhancing operational efficiency through collaboration with commercial real estate resources[163]. - In 2023, the company aims to strengthen partnerships with major brands like Apple, Huawei, and Xiaomi, while exploring high-margin service opportunities such as accessories and insurance[178]. - The company plans to expand its new energy vehicle business by establishing physical retail stores in key cities such as Beijing, Guangzhou, and Zhuhai, integrating mobile phone sales channels to create a combined sales network[179]. - The company aims to explore new business models in the automotive sector, including car leasing and new energy vehicle exports, to continuously identify new business opportunities[179]. - In the household photovoltaic business, the company will collaborate with leading photovoltaic companies to trial agency operations in selected regions, leveraging its channel advantages for rapid business deployment[179].
迪信通(06188) - 2022 - 年度业绩