Financial Performance - For the year ended December 31, 2023, Nayuki Holdings reported a revenue increase of approximately 20.3% to RMB 5,164.1 million, up from RMB 4,291.6 million in 2022[2]. - The adjusted net profit shifted from a loss of RMB 461.3 million in 2022 to a profit of RMB 20.9 million in 2023[2]. - The total revenue for the group was RMB 5,164.1 million, an increase of approximately 20.3% compared to RMB 4,291.6 million in 2022, primarily due to the continuous increase in the number of operating stores and the lifting of COVID-19 restrictions in mainland China[27]. - The company reported a total comprehensive income of RMB 218,970,000 for the year ended December 31, 2023, compared to a total comprehensive income of RMB 455,595,000 for the year ended December 31, 2022[117]. - The company reported a net profit of RMB 11,166 thousand for the year, a significant recovery from a net loss of RMB 475,806 thousand in the previous year[66]. Revenue Breakdown - Revenue from the sale of freshly made tea drinks was RMB 3,776,943,000, up 20.5% from RMB 3,135,326,000 in 2022[79]. - Revenue from bottled beverages increased to RMB 266,619,000, a rise of 69.8% compared to RMB 157,031,000 in 2022[79]. - Revenue from baked goods and other income reached RMB 1,120,494,000, an increase of 12.1% from RMB 999,229,000 in 2022[79]. - The ready-to-drink tea business generated revenue of RMB 4,897,437 thousand in 2023, up from RMB 4,134,555 thousand in 2022, reflecting a growth of approximately 18.5%[86]. Store Operations - The company opened approximately 200 franchise stores by the end of February 2024, focusing on lower-tier cities to explore new markets[2]. - As of December 31, 2023, Naixue operated 1,574 direct-operated stores, with a net addition of 506 stores during the year[16]. - The total number of stores in first-tier cities increased from 309 in 2022 to 398 in 2023[17]. - The average daily sales per store in first-tier cities was RMB 12.7 thousand, down from RMB 14.4 thousand in 2022, with an operating profit margin of 19.6%[19]. Cost Management - Material costs amounted to RMB 1,699.4 million, representing 32.9% of total revenue, which is a slight decrease from 33.0% in 2022, despite a 20.0% increase in material costs compared to the previous year[29]. - Employee costs were RMB 1,403.9 million, accounting for 27.2% of total revenue, down from 31.7% in 2022, due to improved human resource efficiency[31]. - The financing costs decreased to RMB 65,873 thousand in 2023 from RMB 80,326 thousand in 2022, showing a reduction of about 18%[90]. - The total depreciation expense for property and equipment increased to RMB 304,274,000 in 2023 from RMB 263,016,000 in 2022, an increase of 15.7%[91]. Market Expansion - The company plans to continue expanding its overseas market presence, having opened its first store in Thailand by the end of 2023[2]. - The company plans to enhance marketing efforts for classic products and expand franchise operations and overseas markets in 2024 to address ongoing demand pressures[25]. - The company has made strategic adjustments in response to changing consumer behavior and market conditions, particularly in the franchise business[2]. Liquidity and Financial Position - The group held cash and deposits totaling RMB 2,983.5 million as of December 31, 2023, with no interest-bearing borrowings, indicating strong liquidity for operations and expansion[26]. - The company's total equity as of December 31, 2023, stands at RMB 5,986,570,000, an increase from RMB 5,757,854,000 as of December 31, 2022[117]. - The debt-to-asset ratio increased to 36.0% as of December 31, 2023, compared to 31.3% in 2022, indicating a higher level of leverage[121]. Shareholder Information - The company did not declare or pay any dividends for the year ended December 31, 2023, consistent with the previous year[120]. - The company repurchased 3,509,500 shares at a price range of HKD 2.64 to HKD 3.07, totaling approximately RMB 9,420,000[116]. - The share capital remains at 5,000,000,000 ordinary shares with a par value of USD 0.00005 per share as of December 31, 2023[116]. Compliance and Governance - The financial statements were prepared in accordance with International Financial Reporting Standards, reflecting the company's commitment to transparency and compliance[73]. - The audit committee, chaired by Ms. Zhang Rui, reviewed the audited consolidated financial statements for the year ending December 31, 2023[124]. - The company has maintained compliance with corporate governance codes, with recent adjustments to board composition to meet regulatory requirements[122].
奈雪的茶(02150) - 2023 - 年度业绩