Financial Performance - Total revenue for the fiscal year ended December 31, 2023, was RMB 356,570 thousand, a decrease of 23.0% compared to RMB 462,907 thousand in the previous year[23]. - Gross profit for the same period was RMB 112,941 thousand, down 24.5% from RMB 149,597 thousand year-over-year[23]. - Net profit for the fiscal year was RMB 54,859 thousand, representing a decline of 27.3% from RMB 75,410 thousand in the prior year[23]. - Basic and diluted earnings per share were RMB 3.90, compared to RMB 5.35 in the previous fiscal year[23]. - Gross profit margin decreased to 31.7% from 32.3% year-over-year[23]. - Net profit margin also declined to 15.4% from 16.3% in the previous year[23]. - Other income for the fiscal year was RMB 3,162 thousand, down from RMB 5,311 thousand in the previous year[25]. - The company reported a total comprehensive income of RMB 54,909 thousand for the year, down from RMB 82,678 thousand[7]. - Total revenue for the group was RMB 3,162,000 in 2023, down from RMB 5,311,000 in 2022, a decrease of 40.4%[45]. - For the fiscal year ending December 31, 2023, the group's revenue decreased by approximately 23.0% compared to the previous fiscal year, while net profit declined by about 27.3%[87]. - Total revenue for the fiscal year 2023 was RMB 356.57 million, a decrease of 21.9% compared to RMB 462.91 million in fiscal year 2022[120]. Assets and Liabilities - Total assets increased to RMB 322,236,000 in 2023 from RMB 292,005,000 in 2022, representing a growth of 10.4%[32]. - Cash and cash equivalents decreased to RMB 134,372,000 in 2023 from RMB 160,084,000 in 2022, a decline of 16.1%[28]. - Total equity rose to RMB 322,236,000 in 2023, up from RMB 292,005,000 in 2022, indicating an increase of 10.4%[33]. - The company reported a net asset value of RMB 243,184,000 in 2023, compared to RMB 215,919,000 in 2022, an increase of 12.6%[30]. - Trade payables increased to RMB 77,312 thousand in 2023 from RMB 66,254 thousand in 2022[81]. - The asset-to-liability ratio, calculated based on bank loans and lease liabilities divided by total equity, was 0.21, compared to 0.22 in 2022[177]. - As of December 31, 2023, the group had no assets pledged as collateral[181]. Revenue Breakdown - Revenue from customer contracts for 2023 was RMB 356,570 thousand, a decrease of 23% from RMB 462,907 thousand in 2022[63]. - Revenue from external customers in China (excluding Hong Kong) decreased to RMB 202,853 thousand in 2023 from RMB 281,615 thousand in 2022, a decline of about 28%[65]. - The company reported a significant drop in revenue from product sales, which fell to RMB 110,212 thousand in 2023 from RMB 204,920 thousand in 2022, a decrease of about 46%[63]. - Revenue from cleanroom equipment increased by RMB 9.4 million or 75.4% compared to the fiscal year 2022, primarily due to several large contracts in Malaysia, the Philippines, and Portugal[94]. - The company’s revenue from cleanroom wall and ceiling systems was RMB 328,094,000 in 2023, accounting for 92.0% of total revenue, compared to RMB 419,939,000 in 2022, which was 90.7%[115]. - Revenue from ancillary services decreased by RMB 23.9 million or 78.6% compared to FY2022, primarily due to reduced demand caused by economic downturn and uncertainty in the semiconductor industry[144]. - Revenue from Malaysia increased by RMB 18.2 million or 21.5% compared to FY2022, mainly due to increased sales of cleanroom wall and ceiling systems and cleanroom equipment[145]. Expenses and Costs - Research and development expenses were RMB 7,453 thousand, compared to RMB 12,032 thousand in the prior year[25]. - Selling and distribution costs decreased by 53.3% to RMB 7.9 million, primarily due to reduced commission and logistics expenses[126]. - Administrative and other operating expenses decreased by 20.2% to RMB 30.2 million in FY2023, down from RMB 37.8 million in FY2022[149]. - The cost of sales for reportable segments in 2023 was RMB 243,629 thousand, compared to RMB 313,310 thousand in 2022, indicating a reduction of approximately 22.2%[64]. Future Plans and Developments - The company plans to focus on market expansion and new product development in the upcoming fiscal year[25]. - The company plans to construct a new production facility in Malaysia on a land area of approximately 16,056 square meters, with construction expected to commence in Q2 2024 and full operation anticipated in Q4 2024[112]. - The company maintains a cautious optimism regarding future prospects, particularly in the Southeast Asian market, with expectations for continued investment in the semiconductor and data center industries[113]. Corporate Governance - The company is currently assessing its governance structure and will appoint a CEO when a suitable candidate is identified[166]. - The audit committee consists solely of three independent non-executive directors, ensuring direct communication with external auditors[168]. - The board is committed to maintaining high corporate governance standards to enhance shareholder value and ensure a sustainable governance framework[186]. - The company has fully complied with applicable corporate governance codes for the entire year, except for a specific provision[187]. Dividends - The board proposed a final dividend of HKD 0.53 per share for the year ending December 31, 2023, down from HKD 0.70 per share in the previous fiscal year[183]. - The interim dividend declared for the six months ending June 30, 2023, is HKD 0.75 per share[76]. - The annual general meeting will be held on May 30, 2024, to approve the proposed dividend[184].
捷芯隆(02115) - 2023 - 年度业绩