Revenue and Profitability - Revenue increased by approximately 29.4% to approximately RMB 189,139,000 compared to RMB 146,118,000 in 2022[3] - The Group's total revenue for the year ended December 31, 2023, was RMB 189,139,000, an increase from RMB 146,118,000 in 2022, representing a growth of approximately 29.5%[31] - Total profit of reportable segments for 2023 was RMB 9,493,000, slightly up from RMB 9,441,000 in 2022, indicating a growth of 0.55%[33] - Revenue from dry wines surged to RMB 101,103,000 in 2023, up 51.3% from RMB 66,815,000 in 2022, while sweet wines revenue fell to RMB 46,432,000 from RMB 52,960,000, a decrease of 12.3%[44] - The Group's gross profit decreased by 34.7% year-on-year to RMB 28,149,000, with a gross profit margin of 14.9%[89] Loss and Expenses - Basic and diluted loss per share increased to RMB 26.59 cents from RMB 9.00 cents in 2022[3] - The consolidated loss for the year increased significantly to RMB 70,806,000 in 2023 from RMB 27,554,000 in 2022, representing a rise of 156.5%[33] - Total comprehensive expense for the year attributable to owners of the Company amounted to approximately RMB 70,806,000, up from RMB 27,554,000 in 2022[3] - The impairment loss on property, plant, and equipment rose sharply to RMB 19,858,000 in 2023 from RMB 7,776,000 in 2022, an increase of 154.3%[53] - The company reported a loss allowance for trade receivables of RMB 12,196,000 in 2023, compared to RMB 2,348,000 in 2022, reflecting a significant increase of 419.5%[53] Assets and Liabilities - Non-current assets decreased to RMB 199,743,000 from RMB 223,517,000 in 2022[9] - Current assets decreased to RMB 353,691,000 from RMB 383,557,000 in 2022[9] - Total assets decreased to RMB 553,434,000 in 2023 from RMB 607,074,000 in 2022, a decline of 8.84%[37] - Total equity decreased to RMB 497,385,000 from RMB 567,706,000 in 2022[9] - The total liabilities of reportable segments increased to RMB 7,962,000 in 2023 from RMB 4,677,000 in 2022, marking a rise of 70.4%[39] Regional Performance - Segment revenue from the Eastern Region was RMB 81,555,000, making it the highest revenue-generating segment for the Group in 2023[31] - Revenue from the Eastern Region market amounted to RMB 81,555,000, representing a year-on-year increase of approximately 106.0%[100] - Revenue from the South-West Region increased by approximately 88.9% year-on-year to RMB 46,877,000[101] - The North-East Region reported a segment loss of RMB 2,412,000 for the year ended December 31, 2023, compared to a profit of RMB 137,000 in 2022[31] Cash Flow and Working Capital - Bank and cash balances improved to RMB 95,483,000 in 2023 from RMB 70,893,000 in 2022, an increase of 34.8%[37] - The Group's net working capital as of December 31, 2023, was approximately RMB 301,025,000, compared to RMB 344,348,000 in 2022[123] - The Group's trade receivables at the end of 2023 were RMB 136,026,000, down from RMB 139,068,000 in 2022, with a net allowance for losses increasing to RMB 18,779,000 from RMB 6,583,000[62] Corporate Governance and Compliance - The Company has adopted the Model Code for Securities Transactions, ensuring compliance by Directors and relevant employees throughout the year[139] - The Company adhered to the Corporate Governance Code, with a noted deviation regarding the roles of Chairman and CEO being held by the same individual[140] - The audit committee reviewed the Group's accounting principles and internal controls, ensuring compliance with standards[141] - The Group's auditor confirmed that the financial figures for the year ended December 31, 2023, were agreed upon with the audited consolidated financial statements[146] Dividends and Share Capital - The company did not recommend any dividend for the year ended December 31, 2023, consistent with the previous year[54] - The Group's share capital increased to HK$30,156,000 in 2023 from HK$29,406,000 in 2022, following a share consolidation[73] Operational Strategy - The Group will maintain a prudent operating strategy to increase revenues and reduce costs amid economic uncertainties[120] - The average credit terms for sales to customers increased to 180 days in 2023, up from 90 to 180 days in 2022[21] Employee and Salary Information - As of December 31, 2023, the Group employed a workforce of 252 (excluding Directors), a decrease from 263 in 2022[132] - Total salaries and related costs for the year amounted to approximately RMB 17,980,000, down from RMB 18,059,000 in 2022, reflecting a decrease of about 0.44%[132]
通天酒业(00389) - 2023 - 年度业绩