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正味集团(02147) - 2023 - 年度业绩
ZHENGWEI GROUPZHENGWEI GROUP(HK:02147)2024-03-28 13:58

Financial Performance - Revenue for the fiscal year ended December 31, 2023, was RMB 445,214,000, representing a 24.8% increase from RMB 356,847,000 in 2022[3] - Gross profit for the same period was RMB 147,260,000, up 23.5% from RMB 119,256,000 in the previous year[3] - Net profit for the fiscal year 2023 reached RMB 67,517,000, a significant increase of 44.6% compared to RMB 46,697,000 in 2022[3] - Basic and diluted earnings per share for 2023 were RMB 0.09, compared to RMB 0.08 in 2022[7] - The company reported a total comprehensive profit before tax of RMB 76,699 thousand in 2023, up from RMB 52,923 thousand in 2022, which is an increase of 45.0%[42] - Profit before tax for 2023 was RMB 76,699,000, an increase from RMB 52,923,000 in 2022, representing a growth of approximately 45.8%[51] - The effective tax rate for 2023 was 12.0%, slightly up from 11.8% in 2022[51] - Profit for FY2023 was approximately RMB 67.5 million, an increase of about 44.6% compared to approximately RMB 46.7 million in FY2022[84] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 522,776,000, an increase from RMB 376,789,000 in 2022[9] - Current assets increased to RMB 397,650,000 in 2023 from RMB 325,709,000 in 2022[9] - The company reported a total equity of RMB 436,935,000 in 2023, up from RMB 258,445,000 in the previous year[10] - The company’s cash and cash equivalents rose to RMB 199,186,000 in 2023, compared to RMB 156,831,000 in 2022[9] - The company has expanded its non-current assets to RMB 125,126,000 in 2023 from RMB 51,080,000 in 2022[9] - Total trade receivables increased to RMB 92,300,000 in 2023 from RMB 64,016,000 in 2022, marking a growth of approximately 44.2%[58] - The total value of property, plant, and equipment as of December 31, 2023, was RMB 129,173,000, up from RMB 58,173,000 in 2022, indicating a significant increase[57] - The debt-to-asset ratio decreased from approximately 15.2% in FY2022 to approximately 4.0% in FY2023 due to a reduction in total borrowings[89] Revenue Breakdown - The revenue breakdown includes RMB 112,060,000 from dried mountain delicacies, RMB 233,975,000 from snacks, RMB 72,888,000 from dried seafood, RMB 22,955,000 from grains, and RMB 3,336,000 from seasonings and others[34] - The group reported total revenue of RMB 445,214,000 for 2023, an increase of 24.7% compared to RMB 356,847,000 in 2022[34] - The company's manufacturing segment reported revenue of RMB 406,199 thousand in 2023, up from RMB 320,267 thousand in 2022, representing a growth of 26.9%[38] - The trading segment generated revenue of RMB 39,015 thousand in 2023, compared to RMB 36,580 thousand in 2022, reflecting an increase of 6.3%[39] - Total reported segment revenue for 2023 was RMB 492,985 thousand, a rise of 23.5% from RMB 399,025 thousand in 2022[42] Expenses - The sales cost for the fiscal year 2023 was approximately RMB 298.0 million, representing an increase of about 25.4% from RMB 237.6 million in the fiscal year 2022[75] - Research and development expenses increased to RMB 18,319 thousand in 2023 from RMB 13,363 thousand in 2022, indicating a growth of 37.0%[46] - Administrative expenses increased from approximately RMB 27.7 million in FY2022 to approximately RMB 36.6 million in FY2023[81] - Tax expenses rose from approximately RMB 6.2 million in FY2022 to approximately RMB 9.2 million in FY2023, consistent with the increase in profit before tax[83] - The company’s distribution and selling expenses remained relatively stable, amounting to approximately RMB 32.8 million in fiscal year 2023, compared to RMB 27.8 million in fiscal year 2022[80] Government Support and Other Income - The company received government subsidies amounting to RMB 5,709 thousand in 2023, significantly higher than RMB 389 thousand in 2022[45] - Other income increased from approximately RMB 775,000 in fiscal year 2022 to about RMB 6.4 million in fiscal year 2023, primarily due to an increase in government subsidies[77] Corporate Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring compliance with corporate governance codes[117] - The company's auditor confirmed that the financial statements for the fiscal year 2023 are consistent with the consolidated financial position as of December 31, 2023[118] - The company maintains sufficient public float as per listing rules as of the announcement date[119] Future Plans and Market Strategy - The company plans to introduce new snack products, including vegetable snacks like mushrooms and meat snacks such as boneless chicken feet and beef jerky, to align with evolving consumer preferences[71] - The company aims to expand its supermarket sales network in Southwest China, particularly in Sichuan Province, and enhance marketing efforts through traditional media and social platforms[72] Shareholder Information - Shengyao Investment holds 190,207,478 shares, accounting for approximately 23.78% of the company's issued share capital[101] - Prosperous Season holds 93,080,255 shares, representing about 11.64% of the company's issued share capital[101] Miscellaneous - The company did not declare or pay any dividends for the year ended December 31, 2023, consistent with 2022[52] - The company currently has no contingent liabilities as of December 31, 2023[92] - The number of employees increased from 640 on December 31, 2022, to 755 on December 31, 2023, primarily due to increased sales[94] - The company has not purchased, redeemed, or sold any of its listed securities since the listing date[108]