Financial Performance - For the year ended December 31, 2023, the revenue was approximately RMB 31.7 million, a decrease of about 50.8% compared to RMB 64.4 million in 2022[3] - The gross profit for the same period was approximately RMB 5.6 million, an increase of about 16.7% from RMB 4.8 million in 2022[3] - The net loss for the year was approximately RMB 39.5 million, compared to a net loss of RMB 48.2 million in 2022[3] - The basic and diluted loss per share was RMB 7.33 for 2023, compared to RMB 8.95 for 2022[4] - The company reported a net loss attributable to owners of RMB 39,536,000 in 2023, compared to a loss of RMB 48,247,000 in 2022, indicating an improvement of 18.1%[25] - The company recorded a loss before tax of approximately RMB 395 million for the year ended December 31, 2023, compared to a loss of approximately RMB 483 million for the year ended December 31, 2022[39] Dividends and Shareholder Returns - The company did not recommend the payment of dividends for the year ended December 31, 2023[3] - The company did not declare any dividends for the year, consistent with 2022[23] - The board does not recommend any final dividend for the year ending December 31, 2023, consistent with the previous year[51] Assets and Liabilities - Total assets decreased to RMB 101.8 million in 2023 from RMB 132.6 million in 2022[6] - Current liabilities decreased to RMB 9.6 million in 2023 from RMB 26.3 million in 2022[6] - The company's cash and cash equivalents decreased to RMB 2.0 million in 2023 from RMB 9.6 million in 2022[6] - The total equity decreased to RMB 82.2 million in 2023 from RMB 118.4 million in 2022[6] - Trade receivables decreased to RMB 55,775,000 in 2023 from RMB 87,941,000 in 2022, reflecting a reduction of 36.6%[27] - Cash and bank balances totaled approximately RMB 20 million as of December 31, 2023, down from approximately RMB 96 million as of December 31, 2022[42] Revenue and Sales - Brand watch sales contributed RMB 29,317,000 in 2023, down 52.8% from RMB 62,210,000 in 2022[18] - Revenue decreased from approximately RMB 644 million for the year ended December 31, 2022, to approximately RMB 317 million for the year ended December 31, 2023, a decline of about 50.8%[34] - Sales cost decreased from approximately RMB 596 million for the year ended December 31, 2022, to approximately RMB 261 million for the year ended December 31, 2023, a reduction of about 56.2%[35] - The total cost of goods sold was RMB 26,114,000 in 2023, down from RMB 59,604,000 in 2022, a decrease of 56.1%[22] Expenses - Administrative expenses increased from approximately RMB 164 million for the year ended December 31, 2022, to approximately RMB 186 million for the year ended December 31, 2023, an increase of about 13.4%[38] - The financing costs for bonds increased to RMB 2,221,000 in 2023 from RMB 1,682,000 in 2022, representing a rise of 32.0%[20] Foreign Exchange and Other Financial Matters - The company reported a foreign exchange loss of RMB 3.2 million for the year, down from a gain of RMB 12.2 million in 2022[4] - The group has not established any hedging arrangements for foreign currency risks related to RMB and USD as of December 31, 2023[48] Staffing and Operations - The company employed 56 staff members as of December 31, 2023, with total salary costs of approximately RMB 44 million for the fiscal year[46] - The company has no significant acquisitions or disposals of subsidiaries during the year ended December 31, 2023[43] Audit and Compliance - The audit committee, composed of three independent non-executive directors, reviewed the annual performance for the year ending December 31, 2023[52] - The external auditor confirmed that the financial figures in the preliminary announcement are consistent with the latest draft of the consolidated financial statements[54] - The company has adopted the standard code for securities transactions by directors and confirmed compliance for the year ending December 31, 2023[55] Other Information - The company received government subsidies of RMB 21,000 in 2022 related to Covid-19, which were not repeated in 2023[19] - There are no capital commitments reported for the years ending December 31, 2023, and December 31, 2022[49] - The group has no significant contingent liabilities as of December 31, 2023, and December 31, 2022[50] - There are no post-reporting date events reported by the group[53] - There were no purchases, redemptions, or sales of the company's listed securities by the company or its subsidiaries for the year ending December 31, 2023[57] - The annual performance announcement and report will be published on the company's and the stock exchange's websites[58]
励时集团(01327) - 2023 - 年度业绩