Financial Performance - For the year ended December 31, 2023, the total revenue of the group was approximately RMB 350.7 million, a decrease of about 12% compared to RMB 397.8 million for the year ended December 31, 2022[18]. - The gross profit for the year ended December 31, 2023, was approximately RMB 46.4 million, representing a decrease of about 28% from RMB 64.2 million in the previous year[18]. - The loss attributable to the owners of the company for the year was approximately RMB 35.8 million, significantly higher than the loss of RMB 3.1 million in the previous year[18]. - The basic loss per share for the year ended December 31, 2023, was approximately RMB 6.35, compared to RMB 0.56 in the previous year[18]. - The company reported a loss before tax of RMB 36,728,000, compared to a loss of RMB 5,395,000 in 2022[28]. - The net loss for the year was RMB 37,532,000, significantly higher than the loss of RMB 3,221,000 in the prior year[28]. - The company incurred impairment losses on debt instruments measured at amortized cost amounting to RMB 17,591,000, compared to RMB 4,810,000 in 2022[28]. - The company experienced a decrease in other income, which fell by approximately RMB 1.3 million or 9.6% to about RMB 12.2 million, primarily due to reduced government subsidies[137]. Revenue and Sales - Revenue from the Chinese market was RMB 286,625,000, down from RMB 310,214,000 in 2022, representing a decline of 7.6%[59]. - Sales of adult diapers decreased to RMB 117,457,000 from RMB 183,976,000, a drop of 36%[60]. - The company recorded a total of 62 machines sold, generating revenue of approximately RMB 350.7 million, a decrease of about 11.8% from RMB 397.8 million in 2022[135]. - The company sold 25 baby diaper machines in 2023, generating revenue of RMB 146.978 million, which is a 42% share of total machine sales[135]. - The company sold 18 adult diaper machines in 2023, generating revenue of RMB 117.457 million, accounting for 33% of total machine sales[135]. Costs and Expenses - Sales and distribution costs increased by approximately RMB 3.1 million or 22.5% to RMB 16.9 million, primarily due to increased marketing personnel salaries and promotional expenses[5]. - Employee costs, including director remuneration, rose to RMB 59,278,000 from RMB 46,213,000 in the previous year[39]. - Administrative and other operating expenses decreased by approximately RMB 4.2 million or 7.9% to about RMB 49.0 million, primarily due to reductions in consulting fees and amortization of intangible assets[191]. - Financial costs for the year were approximately RMB 1.5 million, a decrease of about 31.8% from the previous year's RMB 2.2 million, mainly due to reduced interest on capitalized bank loans and lease liabilities[192]. Investments and Development - The company has invested no less than RMB 350 million in the construction of a new R&D center, with a contract value of approximately RMB 176.0 million signed for the construction work[7]. - The company plans to invest in a research and development center on a land area of approximately 28,353 square meters in Jinjiang, Fujian Province, with a construction contract valued at approximately RMB 176.0 million[126][127]. - The company is investing in a digital factory to meet increasing market demands for production efficiency, precision, and quality[130]. - The company aims to acquire a company that produces automated packaging equipment to provide comprehensive solutions for customers, with the acquisition expected to be completed by 2025[128]. - The total investment for the new factory is not less than RMB 600 million, with the project already having reached the topping-out stage[160]. Assets and Liabilities - The company’s non-current assets increased to approximately RMB 198,822,000, up from RMB 88,037,000 in 2022, primarily due to new construction projects[46]. - The total current liabilities increased significantly to RMB 360,692,000 in 2023 from RMB 205,507,000 in 2022, an increase of 75.5%[60]. - The company’s total liabilities increased to RMB 276,089,000 in 2023 from RMB 168,894,000 in 2022, reflecting a 63.6% increase[106]. - Trade payables increased to RMB 78,913,000 in 2023 from RMB 50,600,000 in 2022, representing a 55.8% increase[106]. - The total bank loans increased to RMB 77,026,000 in 2023 from RMB 25,000,000 in 2022, a significant increase of 208.1%[109]. Strategic Initiatives - The group recorded a significant increase in operational flexibility and comprehensive service solutions through the establishment of a "5G + Smart Equipment Operation and Maintenance Service Platform"[4]. - The company is advancing its digital transformation through the "5G + Smart Equipment Operation and Maintenance Service Platform" project, which integrates new generation information technology with manufacturing[133]. - The group actively advertised on major media platforms and participated in large exhibitions to enhance brand exposure and market penetration[185]. - A cooperation agreement was signed with an agency for equipment sales in South America, aiming to expand into new overseas markets[185]. - The company is committed to strategic transformation and technological breakthroughs to navigate challenges and seize opportunities in 2024[134]. Future Outlook - The company anticipates that its future financial performance will be impacted by rising raw material and labor costs, as well as fluctuations in the foreign exchange market[131]. - The company expects the sales volume of disposable hygiene product machines in China to increase year by year, driven by national policies aimed at restoring and expanding domestic demand[132]. - The company anticipates that the domestic consumption market will gradually recover, driven by a series of economic support policies and the easing impact of the COVID-19 pandemic on global economic growth and supply chain stability[152].
海纳智能(01645) - 2023 - 年度业绩