Financial Performance - For the year ended December 31, 2023, revenue was approximately RMB 591,885,000, a decrease of about RMB 455,006,000 compared to 2022[3]. - Gross profit margin for the year was approximately 5.7%, a decrease of about 4.0 percentage points from 2022[3]. - The loss attributable to owners of the company for the year was approximately RMB 98,414,000, an increase of about RMB 65,410,000 compared to 2022[3]. - Basic and diluted loss per share attributable to owners of the company was approximately RMB 2.54, an increase of about RMB 1.69 compared to 2022[3]. - The total loss for the fiscal year 2023 was RMB 99,233,000, compared to a loss of RMB 29,258,000 for the fiscal year 2022, indicating a significant increase in losses[20][18]. - The company reported a pre-tax loss of RMB 114,355,000 compared to a pre-tax loss of RMB 29,072,000 in 2022[4]. - The company reported a pre-tax loss of RMB 98,414,000 for 2023, compared to a loss of RMB 33,004,000 in 2022, reflecting an increase in losses[44]. - The group's total audited comprehensive loss for the year ended December 31, 2023, was approximately RMB 99,233,000, compared to RMB 29,395,000 for the year ended December 31, 2022[138]. Revenue Breakdown - For the fiscal year ending December 31, 2023, the total revenue from the welded pipe business was RMB 547,827,000, while the trading business generated RMB 44,058,000, resulting in a total revenue of RMB 591,885,000[18]. - Revenue from the welding pipe business decreased to RMB 510,914 thousand in 2023 from RMB 952,702 thousand in 2022, a decline of approximately 46.4%[29]. - Revenue from trading business increased to RMB 44,058 thousand in 2023 from RMB 8,935 thousand in 2022, a growth of approximately 392.5%[29]. - The revenue from SAWH welded pipes decreased by approximately 35.6% to about RMB 510,914,000, while the SAWL welded pipe segment reported zero revenue compared to RMB 159,386,000 in 2022[118]. - The company's sales revenue decreased by approximately 43.5% to about RMB 591,885,000 from approximately RMB 1,046,891,000 in the previous year[118]. Assets and Liabilities - Total assets decreased to RMB 598,223,000 from RMB 606,168,000 in 2022[8]. - Net assets attributable to owners of the company decreased to RMB 495,199,000 from RMB 593,538,000 in 2022[8]. - Current liabilities decreased to RMB 485,356,000 from RMB 550,230,000 in 2022[7]. - Total assets decreased from RMB 1,288,105,000 in 2022 to RMB 981,949,000 in 2023, reflecting a decline of about 24%[59]. - The total liabilities increased significantly, with current liabilities rising to RMB 716,663,000 in 2023 from RMB 128,460,000 in 2022[59]. Impairment and Provisions - The company recorded a loss from impairment provisions of RMB 39,044,000 for investments in associates, compared to RMB 8,570,000 in 2022[4]. - The company recognized a provision for impairment losses on investments in an associate amounting to RMB 39,044,000 in 2023, compared to RMB 8,570,000 in 2022, highlighting increased financial strain[18][20]. - The net asset value of investments in associates decreased from RMB 235,634,000 in 2022 to RMB 92,778,000 in 2023, a decline of approximately 60.7%[46]. - Impairment losses recognized amounted to approximately RMB 39,044,000 for the year ended December 31, 2023, primarily due to the impairment of investments in New Feng Energy[128]. Dividends and Shareholder Returns - The board of directors did not recommend the declaration of any final or interim dividend for the year ended December 31, 2023[3]. - The company did not declare any final or interim dividends for the years ended December 31, 2023, and December 31, 2022[43]. - The board does not recommend the payment of a final dividend for the year ended December 31, 2023[151]. Operational Efficiency and Future Outlook - The company aims to enhance its operational efficiency with a centralized control rate of 98% for the natural gas pipeline network[86]. - Future economic growth is projected at 4% for 2023 and 4.2% for 2024, despite ongoing global uncertainties[85]. - The company plans to leverage its advanced equipment and technology to secure more orders and improve performance[86]. - The company aims to optimize order structure and focus on both social pipeline orders and national pipeline orders in 2024[105]. - The company plans to enhance core profitability and business sustainability through refined operations and a focus on main business units[105]. Compliance and Governance - The company has adhered to all corporate governance principles and rules as of December 31, 2023[155]. - All directors confirmed compliance with the standard code for securities trading as of December 31, 2023[156]. - The audit committee reviewed the audited consolidated financial statements for the fiscal year ending December 31, 2023[161].
胜利管道(01080) - 2023 - 年度业绩