Financial Performance - For the year ended December 31, 2023, the Group recorded a loss of approximately RMB 8,264,000, a decrease of 55% compared to the loss of approximately RMB 18,381,000 in 2022[24]. - The Group recorded total revenue of approximately RMB 70,377,000 for the year ended December 31, 2023, a decrease of 17.2% compared to RMB 84,949,000 in 2022[34][36]. - Revenue for the year ended December 31, 2023, was RMB 70,377,000, a decrease of 17.3% compared to RMB 84,949,000 in 2022[135]. - Loss attributable to shareholders for the year ended December 31, 2023, was RMB 8,264,000, improving from a loss of RMB 18,381,000 in 2022[135]. - Total assets decreased to RMB 70,360,000 in 2023 from RMB 95,810,000 in 2022, representing a decline of 26.5%[135]. - Total liabilities decreased to RMB 39,170,000 in 2023 from RMB 56,356,000 in 2022, a reduction of 30.5%[135]. - Net assets for the year ended December 31, 2023, were RMB 31,190,000, down from RMB 39,454,000 in 2022, indicating a decrease of 21.1%[135]. Revenue Breakdown - Revenue from the provision of technical support services decreased by approximately 13.5% year-on-year, contributing significantly to the total revenue decline[37][39]. - Revenue from technical support services accounted for 95.3% of the Group's total revenue in 2023, up from 91.3% in 2022[73]. - For the year ended December 31, 2023, the Group recorded a revenue decrease of approximately 34.8% in software product sales, 85.8% in hardware product sales, and 13.5% in technical support services compared to the previous year[80][85]. Cost Management - Cost of sales decreased by 22.8% to approximately RMB 55,803,000, leading to an overall gross profit margin increase of approximately 5.7% to 20.7%[38][44]. - Administrative expenses decreased by 27.3% to approximately RMB 15,568,000, primarily due to the absence of share-based payment expenses recognized in the previous year[42][44]. - The Group will continue to implement cost control measures and expects further improvement in financial results in the coming year[54]. Operational Strategy - The Group optimized its operational structure to improve efficiency and performance following a comprehensive post-pandemic market research[20]. - Measures were implemented in underperforming districts, including contract terminations and layoffs, to achieve margin targets[21]. - The Group's strategy shift focused on enhancing project margins rather than project volume, impacting overall revenue[37][39]. - The Group aims to deepen integration of payment products and enhance product features to strengthen its core payment capabilities in the fintech sector[29][31]. - The Group aims to enhance project margins rather than project volume as part of its revised business strategy[80][85]. Human Resources - As of December 31, 2023, the Group had 622 employees, down from 767 employees in 2022, with total staff costs amounting to approximately RMB 61,375,000, a decrease from approximately RMB 80,279,000 in 2022[82][88]. - The Group regularly reviews employee remuneration packages to align with market standards and maintain good relationships with business partners[103][104]. - The Group aims to attract and retain key personnel by offering attractive remuneration packages[122]. Financial Position - The Group's borrowings decreased by approximately 37.1% to RMB26,919,000 as of December 31, 2023, down from RMB42,785,000 in 2022[50]. - The Group's cash and cash equivalents decreased by approximately 36.0% to RMB35,107,000 as of December 31, 2023, compared to RMB54,896,000 at the end of the previous year[56]. - The Group's net cash outflow for the year ended December 31, 2023, was approximately RMB19,789,000, a shift from a net cash inflow of approximately RMB9,920,000 in 2022[57]. - The Group's current ratio improved to approximately 4.8 times as of December 31, 2023, compared to approximately 2.7 times in 2022[56]. - The gearing ratio of the Group decreased to approximately 55.7% as of December 31, 2023, down from approximately 58.8% in 2022[68]. Governance and Compliance - The Group had no incidents of non-compliance with relevant laws and regulations that significantly impacted its business throughout 2023[163]. - The Group's board includes independent non-executive directors with extensive experience in finance and governance, enhancing oversight and strategic direction[151]. - The directors do not recommend the payment of dividends for the year[161]. Future Outlook - The Group expresses optimism for promising developments and progress in 2024, driven by the collective efforts of the team[29][31]. - The Group's future outlook includes strategic initiatives aimed at market expansion and potential mergers and acquisitions[148]. - The annual report highlights the Group's commitment to innovation and the development of new products to meet market demands[149]. Market Position - The overall market position remains stable, with no significant new strategies or product developments mentioned in the report[186][195]. - The company continues to maintain a strong reliance on a limited number of customers and suppliers, indicating potential risks in revenue stability[187][190].
新利软件(08076) - 2023 - 年度财报