Financial Performance - The company's revenue for the year ended December 31, 2023, was RMB 17,145,992 thousand, an increase of 26.94% compared to RMB 13,507,537 thousand for the year ended December 31, 2022[12]. - The net loss attributable to the company's shareholders for the year ended December 31, 2023, was RMB 630,045 thousand, an increase of 128.63% from RMB 275,579 thousand for the year ended December 31, 2022[12]. - Basic loss per share for the year was RMB 0.84, compared to RMB 0.38 for the year ended December 31, 2022[12]. - The company reported a gross profit of RMB 781,351 thousand for the year ended December 31, 2023, compared to RMB 637,432 thousand in 2022[14]. - The company reported a pre-tax loss of RMB (661,080) thousand for the year ended December 31, 2023, compared to a loss of RMB (260,477) thousand in 2022[31]. - The company reported a net loss of RMB 666,025 thousand for the year ended December 31, 2023, which is an increase of 138.59% compared to a net loss of RMB 279,145 thousand for the year ended December 31, 2022[104]. - The company achieved a profit of RMB 43,287 thousand when excluding the impact of financial asset impairment losses for the year ended December 31, 2023[104]. Assets and Liabilities - The total assets less current liabilities as of December 31, 2023, were RMB 214,973 thousand, down from RMB 609,120 thousand in 2022[19]. - The company's current liabilities as of December 31, 2023, totaled RMB 8,117,215 thousand, compared to RMB 6,455,371 thousand in 2022[18]. - The total equity attributable to the owners of the parent company decreased to RMB 43,980 thousand from RMB 437,913 thousand in 2022[36]. - The company’s net current liabilities amounted to RMB (131,748) thousand as of December 31, 2023, compared to RMB 233,790 thousand in the previous year[36]. - The current ratio as of December 31, 2023, was 0.98, a decrease of 0.06 or 5.77% from 1.04 as of December 31, 2022, mainly due to an increase in current liabilities[120]. - The debt-to-asset ratio as of December 31, 2023, was 99.30%, an increase of 7.01 percentage points or 7.60% from 92.29% as of December 31, 2022, primarily due to an increase in current liabilities[121]. - The net debt-to-equity ratio surged to 7,386.03% as of December 31, 2023, compared to 565.97% in 2022, an increase of 1,205.02%[139]. Revenue Sources - Revenue from mobile communication devices and accessories sales reached RMB 16,356,788 thousand, up from RMB 12,923,373 thousand in the previous year, indicating a growth of about 26.8%[45]. - Retail sales contributed RMB 4,370,684 thousand, compared to RMB 3,529,268 thousand in 2022, reflecting an increase of approximately 23.9%[45]. - The company’s total revenue from domestic operations in China was RMB 17,010,227 thousand, up from RMB 13,102,348 thousand in 2022, marking an increase of approximately 29.0%[45]. - The company recorded other income and gains of RMB 134,953 thousand, an increase of RMB 89,695 thousand or 198.19% compared to RMB 45,258 thousand in the previous year[87]. Expenses and Costs - Financial asset impairment losses for the year were RMB 709,312 thousand, significantly higher than RMB 108,913 thousand in the previous year[14]. - The sales cost for the year ended December 31, 2023, was RMB 16,364,641 thousand, an increase of RMB 3,494,536 thousand or 27.15% from RMB 12,870,105 thousand in the previous year[84]. - The company’s administrative expenses totaled RMB 204,999 thousand, a slight increase of RMB 603 thousand or 0.30% compared to RMB 204,396 thousand in 2022[89]. - The company’s other expenses increased to RMB 79,327 thousand, up RMB 49,603 thousand or 166.88% from RMB 29,724 thousand in the previous year, primarily due to losses from the disposal of subsidiaries[90]. Cash Flow - The net cash generated from operating activities for the year ended December 31, 2023, was RMB 57,523 thousand, reflecting a turnaround from a pre-tax loss after adjustments for non-cash items[71]. - The net cash used in investing activities for the year ended December 31, 2023, was RMB 178,322 thousand, mainly due to the redemption of bank financial products and the disposal of investments in associates[72]. - The net cash generated from financing activities for the year ended December 31, 2023, was RMB 613,932 thousand, primarily due to new bank loans and related party loans, offset by repayments of bank and related party loans[74]. Inventory and Receivables - The company’s inventory as of December 31, 2023, was RMB 331,484 thousand, an increase from RMB 275,887 thousand in 2022[18]. - The company reported a total of RMB 413,067 thousand in receivables as of December 31, 2023, up from RMB 313,051 thousand in 2022, marking an increase of 32.0%[57]. - The company’s trade receivables and notes receivable, net of impairment, amounted to RMB 2,043,052 thousand as of December 31, 2023, a decrease of RMB 277,602 thousand or 11.96% from RMB 2,320,654 thousand as of December 31, 2022[75]. - The expected credit loss rate for accounts receivable was 29.12% as of December 31, 2023, compared to 14.78% as of December 31, 2022[97]. Corporate Governance and Future Plans - The company has adopted the Corporate Governance Code and has complied with most of its applicable provisions during the fiscal year ended December 31, 2023[158]. - The company will continue to review and enhance its corporate governance code to ensure compliance[173]. - The company plans to increase the annual deposit service limit with Zhuhai Huafa Group Financial Co., Ltd. from RMB 120 million to RMB 300 million to support overall fund management and potential business growth[127]. - In 2024, the company aims to enhance revenue and profit scale by focusing on core brand product and marketing operations, while also expanding into the second-hand mobile market and government enterprise business[130]. - The company plans to continue cost reduction and efficiency improvement initiatives, focusing on refined management and enhancing service quality[152]. - The company will enhance its retail strategy by optimizing the structure of comprehensive stores and brand specialty stores while maintaining a high proportion of profitable stores[167].
迪信通(06188) - 2023 - 年度业绩