Financial Performance - For the fiscal year ended December 31, 2023, the company reported revenue of RMB 560,406,000, an increase of 16.8% from RMB 479,863,000 in 2022[23]. - Gross profit for the same period was RMB 416,175,000, reflecting a growth of 15.9% compared to RMB 359,236,000 in 2022[23]. - The company's profit before tax was RMB 95,362,000, marking a 10.5% increase from the previous year's figure[23]. - The total comprehensive income for the year was RMB 80,129,000, a decrease of 11.7% from RMB 90,726,000 in 2022[23]. - The basic earnings per share for the year were RMB 0.23, down 4.2% from RMB 0.24 in the previous year[23]. - The company reported a net profit of RMB 80,129 thousand for 2023, down from RMB 90,726 thousand in 2022[37]. - Adjusted net profit attributable to the parent company was RMB 99,962 thousand in 2023, compared to RMB 115,078 thousand in 2022[37]. - Operating profit for 2023 was RMB 98,920 thousand, compared to RMB 87,789 thousand in 2022[92]. - Profit before tax increased to RMB 95,362 thousand in 2023 from RMB 86,279 thousand in 2022[94]. - The total profit and comprehensive income for the year amounted to RMB 97,881,000, with a decrease of RMB 7,155,000 compared to the previous year[135]. Segment Performance - The company's GMV for 2023 was RMB 16,537,286,000, a slight decrease of 1.5% from RMB 16,795,530,000 in 2022[25]. - The lifestyle services segment achieved a GMV of RMB 5,368,886,000, a significant increase of 45.2% from RMB 3,697,251,000 in 2022[25]. - The gaming segment's GMV grew by 96.3% to RMB 3,091,306,000, compared to RMB 1,575,086,000 in the previous year[25]. - The telecommunications segment experienced a decline in GMV, falling 58.9% to RMB 2,123,446,000 from RMB 5,168,140,000 in 2022[25]. - The corporate welfare segment's GMV increased by 43.7% to RMB 813,755,000, up from RMB 566,335,000 in 2022[25]. - Revenue from the lifestyle services segment increased significantly by 115.9% year-on-year to RMB 121,560 thousand, accounting for 21.7% of total revenue[26]. - The entertainment segment's revenue decreased by 6.2% year-on-year to RMB 250,974 thousand, representing 44.8% of total revenue[27]. - The gaming segment's revenue grew by 11.1% year-on-year to RMB 78,006 thousand, accounting for 13.9% of total revenue[30]. - The corporate welfare segment's revenue surged by 65.0% year-on-year to RMB 92,625 thousand, representing 16.5% of total revenue[31]. Revenue Composition - Revenue from digital goods-related services accounted for 78.1% of total revenue in 2023, increasing from 79.8% in 2022[38]. - Revenue from physical goods-related services surged by 74.9% to RMB 47,441 thousand in 2023, up from RMB 27,126 thousand in 2022[39]. - Revenue from value-added services, including online store operations, decreased by 5.3% to RMB 53,783 thousand in 2023[40]. - Revenue from digital goods-related services rose by 14.3% from RMB 383,105 thousand in 2022 to RMB 438,072 thousand in 2023, with significant growth in lifestyle services[59]. Cost and Expenses - The cost of sales rose by 19.6% from RMB 120,627 thousand in 2022 to RMB 144,231 thousand in 2023, mainly due to increased commission service fees and labor costs associated with business development[69]. - Commission expenses increased by 8.3% from RMB 40,164 thousand in 2022 to RMB 43,484 thousand in 2023, attributed to higher digital goods transaction volumes[72]. - Labor-related costs surged by 25.5% from RMB 71,469 thousand in 2022 to RMB 89,689 thousand in 2023, driven by the rapid growth in the lifestyle services, gaming, and corporate benefits segments[72]. - Sales and distribution expenses increased by 16.6% from RMB 148,632 thousand in 2022 to RMB 173,235 thousand in 2023, primarily due to increased employee compensation and benefits, as well as labor dispatch service costs, which rose by 30.7% to RMB 83,615 thousand[81]. - Administrative expenses rose by 10.3% from RMB 98,994 thousand in 2022 to RMB 109,211 thousand in 2023, driven by increased intermediary service fees and depreciation expenses[88]. Cash Flow and Assets - Cash and cash equivalents as of December 31, 2023, were RMB 147,347 thousand, a decrease from RMB 149,825 thousand as of December 31, 2022[105]. - Net cash used in operating activities for the year ended December 31, 2023, was RMB 49,904 thousand, compared to net cash generated of RMB 22,483 thousand for the year ended December 31, 2022[106]. - Net cash generated from investing activities for the year ended December 31, 2023, was RMB 1,525 thousand, compared to net cash used of RMB 22,406 thousand for the year ended December 31, 2022[109]. - Total assets increased from RMB 1,575,477 thousand as of December 31, 2022, to RMB 1,762,633 thousand as of December 31, 2023, representing an increase of approximately 11.85%[101]. - Total liabilities rose from RMB 365,095 thousand as of December 31, 2022, to RMB 505,281 thousand as of December 31, 2023, an increase of approximately 38.38%[101]. Shareholder Information - The company declared a dividend of RMB 42,863,000 for the year, which is consistent with the previous year's dividend[142]. - The basic earnings per share for 2023 were RMB 0.23, a decrease from RMB 0.24 in 2022[199]. - The diluted earnings per share for 2023 were also RMB 0.23, unchanged from the previous year[200]. - The weighted average number of ordinary shares issued for basic earnings calculation was 404,270,914 in 2023, up from 401,842,019 in 2022, reflecting a slight increase of about 1.1%[189]. Future Outlook - The company aims to enhance its core competitiveness and industry influence through digital transformation and R&D[35]. - The management believes that the digital enterprise welfare business has significant growth potential in the current global economic context[35]. - The company plans to continue expanding its service offerings and improve the return on investment for corporate welfare[35].
福禄控股(02101) - 2023 - 年度业绩