Financial Performance - For the year ended December 31, 2023, the Group recorded revenue of approximately RMB 21,783,000, a decrease of approximately RMB 10,430,000 compared to RMB 32,213,000 in 2022, representing a decline of about 32.4%[22][39] - The gross profit margin decreased to 7.46% in 2023 from 14.93% in 2022, indicating a significant reduction in profitability[45] - Loss attributable to shareholders for the year ended 31 December 2023 was approximately RMB3,514,000, a decrease of approximately RMB1,118,000 compared to 2022[47] - Current assets as of 31 December 2023 were approximately RMB13,173,000, a decrease of approximately RMB4,455,000 compared to 2022[51] - Current liabilities as of 31 December 2023 were approximately RMB65,464,000, a decrease of approximately RMB998,000 compared to 2022[52] - Net liabilities increased to approximately RMB52,147,000 as of 31 December 2023, compared to RMB48,633,000 in 2022[53] - Bank balances and cash decreased to approximately RMB12,768,000 as of 31 December 2023 from RMB14,661,000 in 2022[54] Corporate Governance - The company has a board of directors consisting of four executive directors and three independent non-executive directors[4] - The audit committee is chaired by an independent non-executive director, ensuring oversight of financial reporting[15] - The company has established various committees, including remuneration and nomination committees, to enhance corporate governance[16] - The Group's risk management and internal control systems are detailed on pages 42 to 43 of the report[80] - The Group was in compliance with all applicable laws and regulations during the year ended December 31, 2023[81] - The Board does not recommend the payment of a final dividend for the year ended December 31, 2023 (2022: Nil)[83] Business Strategy and Operations - The Group plans to launch a variety of high-end CNC machine tool and optical machine products to enhance product innovation and market expansion[40] - The Group is actively developing the business of industrial electronic intelligent control equipment and has purchased new processing equipment to support this initiative[40] - The overall economic environment in China in 2023 was challenging, leading the Group to simplify its operational structure and control costs[20][28] - The Group anticipates that economic growth will further slow down in 2024, while automation and the replacement of labor by robotics will continue to accelerate[28][32] - The Group is actively expanding its product and sales markets, focusing on electronic components and intelligent control systems[61] - The Group has established strategic partnerships to enhance its competitive capability in product innovation and quality[61] Shareholder Information - The controlling shareholder, Zhejiang RuiYuan Intelligent Robot Company Limited, pledged 322,675,000 domestic shares, representing approximately 64.535% of the total issued share capital as of December 31, 2023[174] - As of December 31, 2023, Mr. He Keng held 370,000,000 domestic shares, accounting for approximately 74% of the entire issued share capital of the Company[180] - No substantial shareholders other than those mentioned have been disclosed as holding interests or short positions in the shares or underlying shares of the Company[192] - The Company maintains compliance with the Securities and Futures Ordinance regarding the disclosure of substantial shareholders[192] - The interests of substantial shareholders are recorded in accordance with the requirements of the Securities and Futures Ordinance[192] Compliance and Reporting - Zhejiang RuiYuan Intelligent Control Technology Company Limited will release its full annual report for the year ending December 31, 2023, in compliance with the GEM Listing Rules[2] - The company is committed to ensuring the accuracy and completeness of the information provided in this report, confirming no misleading or deceptive elements are present[11] - The report includes a consolidated statement of profit or loss and other comprehensive income, as well as a consolidated statement of financial position[14] - The report will be available on the Hong Kong Stock Exchange website and the company's investor relations page[6] - The annual report will be published at least seven days after the announcement date, ensuring timely access to stakeholders[6] - There were no significant events after the reporting period as of the date of this report[82] - There were no significant events reported after the reporting period[87]
瑞远智控(08249) - 2023 - 年度业绩