Financial Performance - The company reported a revenue of RMB 430.2 million for the fiscal year ending December 31, 2023, representing an increase of approximately 25.0% compared to the fiscal year 2022[2]. - Revenue from IP creation and operation business reached RMB 190.4 million, marking a significant increase of approximately 82.9% year-over-year[2]. - Gross profit for the year was RMB 276.3 million, which is an increase of about 24.0% from the previous fiscal year[2]. - Adjusted net profit (after deducting listing expenses and share-based compensation) was RMB 74.4 million, a decrease of approximately 3.6% compared to the fiscal year 2022[2]. - The total comprehensive income for the year was RMB 54.9 million, down from RMB 66.7 million in the previous year[4]. - The company reported a pre-tax profit of RMB 66,858,000 for the fiscal year ending December 31, 2023, compared to RMB 93,138,000 for the previous year, indicating a decrease of approximately 28.2%[16][17]. - The company recorded a profit of RMB 41.4 million in FY2023, down from RMB 64.9 million in FY2022, with a net profit margin of 9.6% compared to 18.9% in FY2022[59]. - Adjusted net profit for FY2023, excluding listing expenses and share-based compensation, was RMB 74.4 million, a decrease of 3.6% from RMB 77.2 million in FY2022, with an adjusted net profit margin of 17.3%[60]. Revenue Breakdown - For the fiscal year ending December 31, 2023, the total revenue from the new retail segment was RMB 239,808,000, while the IP creation and operation segment generated RMB 86,239,000, resulting in a total revenue of RMB 326,047,000 recognized at a point in time[16]. - The revenue from the mainland China market for the fiscal year ending December 31, 2023, was RMB 428,140,000, compared to RMB 344,157,000 in the previous year, reflecting a growth of approximately 24.5%[17]. - Revenue from health management products and skincare sales reached RMB 237,440,000, up from RMB 232,308,000 in 2022, indicating a growth of 2.4%[19]. - Revenue from television program production was RMB 84,142,000 for the year ended December 31, 2023, with no revenue reported in 2022[19]. - The company’s star IP management revenue increased to RMB 71,239,000 in 2023 from RMB 41,708,000 in 2022, marking a growth of 70.9%[19]. - The total income from entertainment video production and licensing reached RMB 15,840,000, significantly up from RMB 5,660,000 in 2022, representing an increase of 179.4%[19]. Expenses and Liabilities - The total sales and marketing expenses for the fiscal year ending December 31, 2023, were RMB 112,317,000, while general and administrative expenses amounted to RMB 106,633,000[16]. - Selling and marketing expenses rose to RMB 112.3 million in FY2023, a 55.1% increase from RMB 72.4 million in FY2022, driven by higher advertising and marketing expenditures[57]. - General and administrative expenses increased by approximately 66.3% to RMB 106.6 million in FY2023 from RMB 64.1 million in FY2022, mainly due to increased listing expenses and employee benefits[58]. - The income tax expense for the year ended December 31, 2023, was RMB 25,447,000, compared to RMB 28,240,000 in 2022, showing a decrease of 6.3%[20]. - The company’s deferred tax expense was RMB 31,825,000 for the year ended December 31, 2023, compared to RMB 29,395,000 in 2022, indicating an increase of 8.3%[20]. Assets and Cash Flow - The company’s total assets as of December 31, 2023, amounted to RMB 902.6 million, compared to RMB 554.9 million in 2022[5]. - The company’s cash and cash equivalents stood at RMB 145.8 million, down from RMB 182.6 million in the previous year[5]. - As of December 31, 2023, the company had cash and cash equivalents of RMB 145.8 million, down from RMB 182.6 million in the previous year, with a current ratio of 3.6 times[62]. - The total borrowings decreased to RMB 10,000,000 in 2023 from RMB 15,000,000 in 2022, a reduction of 33%[45]. Shareholder Information - The company declared a special dividend of HKD 60,000,000 (approximately RMB 54,029,000) from the share premium account[25]. - The board of directors did not recommend any final dividend for the year ended December 31, 2023[69]. - The total number of weighted average ordinary shares issued was 758,952,130 for the year ended December 31, 2023, compared to 720,788,659 in 2022, reflecting an increase of 5.3%[27]. - The total number of ordinary shares issued as of December 31, 2023, is 801,887,500, an increase from 542,914,624 shares at the beginning of 2022[39]. Corporate Governance and Compliance - The audit committee reviewed the group's consolidated performance for FY2023 and found no objections to the accounting principles and practices adopted[73]. - The annual financial report for the fiscal year 2023 has been approved by the auditors and is consistent with the audited consolidated financial statements as of December 31, 2023[74]. - The annual report for fiscal year 2023 will be sent to shareholders in due course and published on the Hong Kong Stock Exchange and the company's website[75]. - The board of directors consists of three executive directors and three independent non-executive directors, ensuring a diverse governance structure[76]. Market and Strategic Initiatives - The company is focused on expanding its market presence and enhancing its product offerings through new retail initiatives and IP management strategies[14]. - The flagship product, Magic Coffee, ranked first in the bulletproof beverage market in China by both sales volume and revenue in 2023[49]. - The average viewership rating for the major IP program "Around the World 2" was 1.15%, ranking first among all television programs aired during the same time slot[48]. - The group plans to launch a series of video ringtones featuring its star IP in collaboration with China Mobile's music platform, Migu Music[50]. - The group aims to enhance brand awareness and sales through various e-commerce platforms and live streaming promotions[51]. - The company plans to continue expanding its new retail business and IP management services, which are key revenue drivers[34].
巨星传奇(06683) - 2023 - 年度业绩