Financial Performance - The company's revenue for the year 2023 was approximately RMB 5,545.1 million, a significant increase of about 71.6% compared to RMB 3,231.6 million in 2022[2]. - The profit attributable to the owners of the company for 2023 was approximately RMB 14.5 million, a turnaround from a loss of RMB 120.8 million in 2022[2]. - The gross profit for the year 2023 was RMB 109.1 million, compared to RMB 65.8 million in 2022[5]. - Basic earnings per share for 2023 were RMB 0.007, a recovery from a loss of RMB 0.065 in 2022[6]. - The company reported a net loss attributable to owners of the company of RMB 12,065 thousand in 2023, a significant improvement from a loss of RMB 61,522 thousand in 2022[40]. - The group reported a net profit attributable to shareholders of approximately RMB 14.5 million for the year ended December 31, 2023, compared to a net loss of approximately RMB 120.8 million in the previous year, marking a turnaround from loss to profit[61]. - The group reported a loss from continuing operations before tax of RMB 21,494 for the year ended December 31, 2023, compared to a loss of RMB 85,058 in 2022[19][20]. Segment Performance - The manufacturing segment recorded a profit of approximately RMB 55.5 million in 2023, compared to a loss of RMB 22.4 million in 2022, due to resumed operations and government subsidies[2][3]. - The jewelry new retail segment experienced a loss of approximately RMB 7.8 million in 2023, despite an increase in sales volume, primarily due to lower gross margins on gold products[4]. - The fresh food retail segment reported a loss of approximately RMB 26.9 million in 2023, attributed to reduced trading volumes and lower pig prices compared to 2022[4]. - The jewelry segment generated revenue of RMB 5,092,975, while the fresh food segment contributed RMB 410,458, and the retail segment added RMB 90,074[19]. - The jewelry retail business recorded external sales of approximately RMB 410.5 million for the year ended December 31, 2023, a significant increase from RMB 280.5 million in 2022, accounting for about 7.4% of the group's total revenue[77]. - The fresh food retail business experienced a significant decline in 2023 compared to 2022, shifting from rapid expansion to a focus on refined operational profitability[81]. - The fresh food retail business segment saw a drastic decline in sales, recording approximately RMB 90.1 million for the year ended December 31, 2023, down about 94.0% from RMB 1,509.8 million in 2022, mainly due to the consolidation phase of the "Agricultural and Pastoralist" S2B2C platform[97]. Assets and Liabilities - Total assets decreased from RMB 1,930,669 thousand in 2022 to RMB 1,863,609 thousand in 2023, a decline of approximately 3.5%[7]. - Non-current assets decreased from RMB 212,500 thousand in 2022 to RMB 159,440 thousand in 2023, a reduction of about 25%[7]. - Current liabilities decreased from RMB 870,297 thousand in 2022 to RMB 779,309 thousand in 2023, a decrease of approximately 10.5%[7]. - Total equity decreased from RMB 1,257,883 thousand in 2022 to RMB 1,238,100 thousand in 2023, a decline of about 1.6%[8]. - The total assets as of December 31, 2023, amounted to RMB 2,023,049, a decrease from RMB 2,143,169 in 2022[22][23]. - The total liabilities increased to RMB 784,949 in 2023 from RMB 885,286 in 2022, indicating a reduction of approximately 11.3%[22][23]. Cash Flow and Financing - The company incurred financing costs of RMB 25.66 million in 2023, compared to RMB 22.58 million in 2022[5]. - The company’s bank borrowings totaled RMB 421,200,000 in 2023, up from RMB 406,382,000 in 2022, indicating a rise of 3.9%[54]. - As of December 31, 2023, the group's bank balances and cash amounted to approximately RMB 524.7 million, a decrease from RMB 589.2 million in 2022[119]. - The group’s bank borrowings amounted to RMB 189,500,000 at a fixed annual interest rate ranging from 4.25% to 5.61% as of December 31, 2023, compared to RMB 223,382,000 in 2022[58]. Operational Strategies and Future Plans - The company plans to continue expanding its fresh food retail business and enhance its online and offline integration services[19]. - The company aims to improve its operational efficiency and reduce costs in the upcoming fiscal year[19]. - The group plans to strengthen its position in the precious metals market while exploring suitable business opportunities to diversify risks[88]. - The fresh food retail business is implementing a refined operation strategy through S2B2C models to enhance supply chain stability and pricing advantages[90]. - The company has established partnerships with major third-party platforms, including JD.com, Tmall, and Douyin, to enhance brand recognition and sales performance[78]. Employee and Operational Costs - The company’s total employee costs slightly decreased to RMB 39,352 thousand in 2023 from RMB 39,898 thousand in 2022, indicating cost control measures[37]. - Selling and distribution expenses decreased by approximately 20.7% to about RMB 33.3 million for the year ended December 31, 2023, down from approximately RMB 42.0 million in 2022, primarily due to the significant decline in revenue from the fresh food retail segment[103]. - Administrative expenses decreased by approximately 26.1% to about RMB 58.4 million for the year ended December 31, 2023, down from approximately RMB 79.0 million in 2022, mainly due to the reclassification of indirect production costs[104]. Market Trends and Product Development - The company has developed a new business line with the launch of the lab-grown diamond brand SISI, focusing on marketing and product design, with plans for nationwide regional agency development[72]. - The lab-grown diamond industry in China is still in its early stages, but it is expected to experience significant growth as consumer awareness increases over the next one to two years[72]. - The group is focusing on enhancing supply chain capabilities and reducing marketing costs to minimize losses and improve profitability[82]. - The group remains confident in the future demand for precious metals and jewelry retail markets, driven by sustained high levels of risk aversion globally[88].
中国白银集团(00815) - 2023 - 年度业绩