Financial Performance - The group's revenue for the year ended December 31, 2022, was approximately RMB 134.2 million, a decrease of about 19.2% compared to the same period in 2021[2]. - The group reported a gross loss of approximately RMB 3.8 million for the year, compared to a gross profit of approximately RMB 39.2 million in 2021[2]. - The loss attributable to the company's owners was approximately RMB 8.9 million, compared to a profit of approximately RMB 21.2 million in the same period of 2021[2]. - The basic and diluted loss per share attributable to the company's owners was approximately RMB 0.71[3]. - The company's operating loss for the year was RMB 11.1 million, compared to an operating profit of RMB 22.7 million in 2021[3]. - The net loss attributable to shareholders for 2022 was RMB 8,937,000 compared to a profit of RMB 21,182,000 in 2021, indicating a significant decline[30]. - Basic and diluted loss per share for 2022 was RMB (0.71), down from RMB 1.70 in 2021[30]. - The group recorded a net loss attributable to shareholders of approximately RMB 8.9 million, compared to a net profit of approximately RMB 21.2 million for the year ended December 31, 2021[48]. Revenue Breakdown - Revenue from the manufacturing of lace was RMB 26,762,000 in 2022, down 52.4% from RMB 56,161,000 in 2021[14]. - Revenue from dyeing services was RMB 56,108,000 in 2022, a decrease of 40.4% from RMB 94,244,000 in 2021[14]. - Revenue from footwear sales increased significantly to RMB 51,285,000 in 2022, compared to RMB 15,537,000 in 2021[14]. - Revenue recognized over time from service provision was RMB 82,870,000 in 2022, down 44.9% from RMB 150,405,000 in 2021[15]. - Revenue from sales of goods at a point in time was RMB 51,285,000 in 2022, compared to RMB 15,537,000 in 2021[15]. - Revenue from mainland China was RMB 81,972,000 in 2022, a decrease of 44.7% from RMB 148,577,000 in 2021[16]. - Revenue from Hong Kong increased to RMB 51,379,000 in 2022, compared to RMB 16,232,000 in 2021[16]. - The revenue breakdown by product category shows dyeing services at RMB 56.1 million (41.8%), lace production at RMB 26.8 million (20.0%), and footwear sales at RMB 51.3 million (38.2%) for a total of RMB 134.2 million[51]. Assets and Liabilities - Total assets as of December 31, 2022, amounted to RMB 354.9 million, down from RMB 380.2 million in 2021[5]. - The total equity attributable to the company's owners was RMB 325.9 million, a decrease from RMB 334.7 million in 2021[5]. - The group had cash and cash equivalents of RMB 187.9 million as of December 31, 2022, compared to RMB 182.3 million in 2021[5]. - Contract liabilities decreased to RMB 365,000 in 2022 from RMB 588,000 in 2021[18]. - Trade receivables decreased to RMB 9,374,000 in 2022 from RMB 21,289,000 in 2021, representing a significant decline of approximately 56.0%[38]. - As of December 31, 2022, the company's contract assets were RMB 6,198,000, down from RMB 8,320,000 in 2021, indicating a decrease of about 25.5%[38]. - The total amount of prepayments and other receivables decreased to RMB 597,000 in 2022 from RMB 9,430,000 in 2021, a decline of approximately 93.7%[36]. - The group's contract liabilities and other payables totaled RMB 13,447 thousand in 2022, down from RMB 19,308 thousand in 2021[45]. Expenses and Costs - Employee benefits expenses decreased to RMB 32,403,000 in 2022 from RMB 37,056,000 in 2021, a reduction of about 12%[22]. - Administrative expenses rose by approximately 39.2% to RMB 14.4 million, mainly due to hiring more staff in Hong Kong for managing the footwear trade business[60]. - The total cost of goods sold for 2022 was RMB 16,585,000, up from RMB 15,448,000 in 2021, which is an increase of about 7.4%[34]. - The company recognized a provision for inventory impairment of RMB 3,065,000 during the reporting period, compared to none in 2021[37]. Investments and Future Plans - The group plans to invest more resources in the footwear business to capture more customers and orders, aiming to improve financial performance[49]. - The group has not made any significant investments, acquisitions, or disposals during the reporting period[71]. - The group is actively seeking new business development opportunities despite not having specific plans for major investments or acquisitions[72]. Shareholder Information - The group has no plans to declare or pay dividends for the years ended December 31, 2022, and 2021[47]. - The company adopted a stock option plan on December 16, 2020, effective from January 13, 2021, aimed at attracting and retaining top talent, with a total of 126,000,000 shares available for issuance, representing 10% of the issued share capital as of the adoption date[76]. - The company will suspend share transfer registration from May 22, 2023, to May 25, 2023, to determine shareholder eligibility for the annual general meeting[77]. - The company has maintained compliance with the public float requirements as stipulated by the listing rules[81]. Audit and Compliance - The audit committee, established on December 16, 2020, consists of three independent non-executive directors and has reviewed the company's consolidated financial statements for the reporting period[82]. - The external auditor, PwC, confirmed that the preliminary financial results for the year ended December 31, 2022, align with the audited financial statements[83]. - There have been no significant events after the reporting period up to the date of this announcement[84]. - The company expresses gratitude to all stakeholders for their trust and support during the reporting period[85].
应星控股(01440) - 2022 - 年度业绩