Financial Performance - The company's revenue for the year ended December 31, 2023, was RMB 177,671,000, an increase of 10.4% compared to RMB 160,910,000 in 2022[13] - Gross profit for the same period was RMB 41,668,000, representing a gross margin of 23.4%, up from RMB 31,644,000 in 2022[13] - The company reported a loss before tax of RMB 40,224,000, significantly improved from a loss of RMB 71,332,000 in the previous year, indicating a reduction of 43.6%[14] - The net loss attributable to equity holders of the parent for 2023 was RMB 45,271,000, compared to RMB 70,935,000 in 2022, reflecting a decrease of 36.3%[14] - The operating performance for ODM products showed a profit of RMB 27,194,000, while the brand products segment reported a loss of RMB 25,685,000, resulting in a total segment performance of RMB 1,509,000[45] - The company reported a pre-tax loss of RMB 40,224,000 for the year ended December 31, 2023, compared to a pre-tax loss of RMB 71,332,000 in 2022, indicating an improvement in financial performance[45] - The company reported other comprehensive income of RMB 72,267,000 for the year, compared to a loss of RMB 55,792,000 in the previous year, indicating a significant recovery[33] - Total other income increased to RMB 15,072,000 in 2023 from RMB 6,846,000 in 2022, representing a growth of 119.3%[51] - The total gain from other income and gains reached RMB 18,742,000 in 2023, up from RMB 6,912,000 in 2022, indicating a growth of 171.5%[51] Assets and Liabilities - As of December 31, 2023, the total interest-bearing bank and other borrowings amounted to RMB 133,587,000, with RMB 91,032,000 due within the next twelve months[9] - The company's net current liabilities were RMB 58,726,000, an increase from RMB 25,948,000 in 2022, indicating a potential liquidity concern[16] - The total assets less current liabilities stood at RMB 400,691,000, up from RMB 380,296,000 in the previous year, showing growth in asset management[16] - The company has maintained a strong equity position with total equity of RMB 312,677,000, compared to RMB 289,941,000 in 2022, reflecting a growth of 7.8%[16] - The total non-current assets increased to RMB 459,417,000 in 2023 from RMB 406,244,000 in 2022, reflecting a growth of approximately 13.1%[34] - The company’s total assets as of December 31, 2023, were RMB 497,937,000, compared to RMB 451,438,000 as of December 31, 2022, reflecting an increase of 10.3%[64] - The company’s total liabilities as of December 31, 2023, were RMB 60,168 million, down from RMB 88,530 million in 2022, representing a decrease of 32.0%[147] - The company’s total liabilities as of December 31, 2023, were RMB 133,587 million, a decrease from RMB 144,240 million in 2022[165] Inventory and Capital Expenditures - Inventory decreased to RMB 83,367,000 in 2023 from RMB 109,884,000 in 2022, a reduction of about 24.2%[34] - Capital expenditures for the year were RMB 16,285,000, with RMB 16,261,000 allocated to ODM products and RMB 24,000 to brand products[45] - The company’s inventory turnover improved, with inventory at RMB 9,882 million as of January 1, 2022, and a significant reduction in inventory levels noted in subsequent periods[132] Employee and Operational Metrics - The number of full-time employees decreased to 607 as of December 31, 2023, from 642 in 2022, with employee benefit expenses amounting to approximately RMB 59.4 million[196] - During the reporting period, the company closed 32 underperforming stores and opened 23 new stores, resulting in a total of 111 self-operated retail stores and 12 franchise stores as of December 31, 2023[166] Research and Development - Research and development costs for the year ended December 31, 2023, amounted to RMB 11,269,000, a decrease from RMB 12,573,000 in 2022[80] - Research and development expenses for product design and development were approximately RMB 171 million, down from RMB 212 million in 2022[168] Taxation - The total tax expense for the year was RMB 4,986,000, compared to a tax credit of RMB 390,000 in 2022[58] - The company’s tax losses in mainland China amounted to RMB 151,422 million, compared to RMB 100,990 million in 2022[160] - The company's income tax expense for the reporting period was approximately RMB 5.0 million, compared to a tax credit of RMB 0.4 million in the same period last year[179] Impairment and Provisions - The company recognized a net impairment loss of RMB 2,907,000, with RMB 844,000 related to ODM products and RMB 2,063,000 related to brand products[45] - The group recognized impairment provisions of RMB 902,000 for ODM cash-generating units and RMB 1,069,000 for brand cash-generating units for the year ended December 31, 2023, compared to RMB 2,537,000 and RMB 215,000 in 2022 respectively[66] - The company recognized an impairment loss of RMB 661,000 for the year 2023, down from RMB 1,092,000 in 2022[102] - The company recognized a loss of RMB 9,800 million due to impairment from a supplier undergoing liquidation, which was not present in the previous year[146] Shareholder Information - The average number of ordinary shares issued remained stable at 1,200,000,000 for both 2023 and 2022[62] - The company did not declare or pay any dividends during the reporting period[60] - The company reported a total of 1,200,000,000 shares issued and fully paid, remaining unchanged from the previous year[138] Other Financial Metrics - The company had unutilized bank financing of RMB 77,000,000 as of the reporting date, which is expected to support debt obligations and capital expenditure needs[39] - The company’s deferred tax liabilities totaled RMB 18,589 million as of December 31, 2023[158] - The company’s provision for trade receivables impairment increased to RMB 1,875,000 in 2023 from RMB 1,732,000 in 2022[116] - The expected credit loss for trade receivables was RMB 1,458 million in 2023, compared to RMB 1,875 million in 2022, showing a decrease of 22.2%[145] - The company’s contract liabilities decreased significantly from RMB 15,320 million in 2022 to RMB 3,687 million in 2023, a reduction of 76.0%[148]
博尼控股(01906) - 2023 - 年度业绩