Financial Performance - The group's revenue for the year ended December 31, 2023, was approximately RMB 77.5 million, a decrease of 13.0% or about RMB 11.6 million compared to RMB 89.1 million in 2022[2]. - The group's loss before tax was approximately RMB 393.1 million, an increase in loss of about RMB 243.7 million from RMB 149.4 million in 2022[2]. - The net loss for the group was approximately RMB 396.2 million, compared to a net loss of RMB 148.3 million in 2022[2]. - The basic and diluted loss per share attributable to ordinary equity holders was RMB 1.03, compared to RMB 0.62 in 2022[2]. - The total revenue for the year ending December 31, 2023, is reported at RMB 77,532,000, with segment revenue from the marble products division at RMB 76,624,000[15]. - The adjusted profit before tax for the marble products division shows a loss of RMB 38,385,000, while the other segment reports a loss of RMB 2,389,000, totaling an overall loss of RMB 40,774,000[15]. - Total revenue for the year ended December 31, 2022, was RMB 89,069,000, with a significant loss of RMB 149,377,000 before tax[16]. - The company reported a loss of RMB 19,693,000 from its main business segments, with specific losses of RMB 18,414,000 and RMB 1,279,000 from different divisions[16]. - The group reported a pre-tax loss from continuing operations of RMB 66,825 thousand for 2023, compared to RMB 64,120 thousand in 2022, indicating an increase in losses[21]. - The net loss attributable to the company's owners increased to approximately RMB 396.1 million in 2023, up from RMB 148.2 million in 2022, mainly due to a decrease in revenue and other income[61]. Assets and Liabilities - Total non-current assets decreased from RMB 1,464,092 thousand in 2022 to RMB 1,068,849 thousand in 2023, a decline of approximately 27%[4]. - Current assets increased from RMB 197,048 thousand in 2022 to RMB 267,460 thousand in 2023, representing a growth of about 36%[4]. - Total liabilities decreased from RMB 179,190 thousand in 2022 to RMB 170,950 thousand in 2023, a reduction of approximately 5%[4]. - Total equity decreased from RMB 1,129,746 thousand in 2022 to RMB 856,660 thousand in 2023, a decline of around 24%[5]. - The company's total assets decreased from RMB 1,481,950 thousand in 2022 to RMB 1,165,359 thousand in 2023, a decline of about 21%[4]. - The company's total current liabilities decreased from RMB 197,048 thousand in 2022 to RMB 170,950 thousand in 2023, a reduction of about 14%[4]. - The company's total non-current liabilities decreased from RMB 352,204 thousand in 2022 to RMB 308,699 thousand in 2023, a decline of approximately 12%[5]. - Cash and cash equivalents increased significantly from RMB 15,762 thousand in 2022 to RMB 100,956 thousand in 2023, marking a growth of approximately 540%[4]. - Trade receivables amounted to RMB 86,031,000 in 2023, an increase from RMB 84,883,000 in 2022, with a provision for credit losses of RMB (61,085,000) in 2023 compared to RMB (55,884,000) in 2022[29]. - The aging analysis of trade receivables at the end of the reporting period showed RMB 19,156,000 within one month, compared to RMB 13,545,000 in 2022[31]. Segment Performance - In 2023, the company reported revenue from marble products of approximately RMB 11.3 million, a decrease of 67.2% compared to RMB 34.4 million in the previous year due to weak market demand in the real estate sector[38]. - The calcium carbonate business contributed total revenue of approximately RMB 65.3 million, an increase of about RMB 12.2 million or 23.0% from RMB 53.1 million last year[40]. - Sales of marble products accounted for 14.6% (approximately RMB 11.3 million) of total revenue in 2023, down from 38.7% (approximately RMB 34.4 million) in 2022[49]. - Sales of calcium carbonate products represented 84.2% (approximately RMB 65.3 million) of total revenue in 2023, up from 59.6% (approximately RMB 53.1 million) in 2022[49]. Operational Efficiency and Strategy - The company plans to explore new strategies for market expansion and product development in the upcoming fiscal year[16]. - The company is focusing on improving operational efficiency to mitigate losses and enhance future profitability[16]. - The company adopted a low-margin strategy to promote sales and improve inventory turnover amid a challenging economic environment[37]. - The company has tightened credit policies and slowed down capital expenditures until the operating environment becomes clearer and more stable[37]. - The overall economic uncertainty in China has led to a lack of confidence in economic growth, impacting the company's performance[37]. - The company continues to monitor the market conditions closely and adjust its strategies accordingly[37]. Employee and Cost Management - Employee benefits expenses rose to RMB 18,758 thousand in 2023 from RMB 16,473 thousand in 2022, reflecting a year-over-year increase of approximately 13.9%[21]. - The total amount of employee benefits expenses was RMB 21,457 thousand in 2023, down from RMB 25,200 thousand in 2022, showing a decrease of about 14.0%[21]. - Employee costs, including director remuneration, totaled approximately RMB 21.5 million in 2023, down from RMB 25.2 million in 2022, reflecting a cost reduction of about 14.7%[78]. - Administrative expenses decreased by approximately RMB 5.3 million to RMB 49.8 million in 2023, down from RMB 55.1 million in 2022, mainly due to a reduction in equity-settled share-based payment expenses[56]. - Financial costs decreased by approximately RMB 3.7 million to RMB 20.6 million in 2023, down from RMB 24.3 million in 2022, primarily due to a reduction in the level of interest-bearing debt[59]. Governance and Compliance - The group has adopted new or revised International Financial Reporting Standards (IFRS) effective from January 1, 2023, with no significant impact on the financial statements[9]. - The company has not disclosed any significant accounting policy changes that would confuse the financial statements[10]. - The group did not recommend any dividend payment for the year ending December 31, 2023, consistent with the previous year[25]. - The effective corporate income tax rate for the group’s subsidiaries in mainland China is 25%, while Jiangxi Keyue enjoys a preferential rate of 15% due to its status as a "High-tech Enterprise"[22]. - The company has adhered to the corporate governance code throughout the fiscal year ending December 31, 2023, with minor deviations noted[108]. - The auditors confirmed that the financial statements for the year ending December 31, 2023, align with the audited consolidated financial results[111]. Future Outlook - The company plans to remain vigilant regarding unpredictable international developments and any external factors that may adversely affect its business[99]. - The company aims to consolidate operational results and adjust its business plans to adapt to the changing economic environment[99].
雅高控股(03313) - 2023 - 年度业绩