Financial Performance - Total revenue for 2023 was RMB 13,091,468.20, a decrease of 36.2% from RMB 20,530,084.65 in 2022[22] - Net loss for 2023 was RMB 42,993,598.60, compared to a net loss of RMB 30,272,901.46 in 2022, representing an increase in losses of 42.3%[23] - Operating profit for 2023 was RMB -42,733,097.12, worsening from RMB -33,091,493.77 in 2022[22] - Basic and diluted earnings per share for 2023 were both RMB -0.0226, compared to RMB -0.0159 in 2022[23] - The company reported a net profit of -42,993,598.60 RMB for the fiscal year 2023, indicating continued losses[52] - Total revenue for the current year reached CNY 13,091,468.20, a decrease of 36.1% compared to CNY 20,530,084.65 in the previous year[64] - The net loss for the year was approximately RMB 42.99 million, an increase of about 42% from the net loss of RMB 30.27 million in 2022[154] Assets and Liabilities - The total assets of the company as of December 31, 2023, amounted to RMB 58,564,833.84, a decrease of 36.5% from RMB 92,244,165.94 in 2022[5] - Current assets decreased to RMB 23,533,461.64, down 22.2% from RMB 30,236,087.30 in the previous year[5] - Total liabilities increased to RMB 89,563,141.07, up 11.6% from RMB 80,248,874.57 in 2022[6] - The company's total current liabilities remained relatively stable at RMB 79,199,804.62, a slight decrease of 0.2% from RMB 79,334,954.37 in the previous year[6] - As of the end of 2023, current liabilities exceeded current assets by 55,666,342.98 RMB, raising significant doubts about the company's ability to continue as a going concern[52] - The total liabilities at year-end were not disclosed but are expected to reflect the operational challenges faced during the year[99] Equity and Retained Earnings - The total equity attributable to shareholders of the parent company turned negative at RMB -33,440,011.69, compared to RMB 9,540,071.51 in 2022[7] - The company has a negative retained earnings of RMB -442,207,777.30, compared to RMB -399,227,694.10 in the previous year, indicating ongoing financial challenges[7] - The group’s asset-liability ratio was approximately -46.59%, a significant change from 139.66% in 2022, calculated based on interest-bearing borrowings and lease liabilities against total equity attributable to the parent company[189] Operational Costs and Expenses - Total operating costs for 2023 were RMB 41,019,887.74, down 17.9% from RMB 50,034,197.49 in 2022[22] - Research and development expenses for 2023 were RMB 839,494.70, slightly down from RMB 841,645.12 in 2022[22] - Sales expenses decreased to RMB 4,258,537.57 in 2023 from RMB 5,729,096.90 in 2022, a reduction of 25.7%[22] - Management expenses decreased to RMB 19,207,691.77 in 2023 from RMB 22,162,541.12 in 2022, a reduction of 13.8%[22] - The company reported a significant increase in employee compensation payable to RMB 12,587,886.15, up 43.5% from RMB 8,798,198.78 in 2022[6] - The total employee cost decreased from approximately RMB 16.21 million last year to about RMB 11.88 million this year, primarily due to the relocation of the subsidiary Suzhou Haitan and a reduction in staff[179] Revenue Segments - Total revenue from antenna product sales reached $7,725,160.79, while agricultural product sales generated $4,551,537.81, leading to a combined revenue of $12,276,698.60[100] - The antenna product sales segment revenue decreased from approximately RMB 12.1 million in 2022 to about RMB 7.73 million in 2023, accounting for approximately 63% of the company's main business revenue[116] - The agricultural product sales segment revenue fell from about RMB 6.19 million in the previous year to approximately RMB 4.55 million, representing around 37% of the main business revenue[117] Future Plans and Strategies - The company aims to improve operational efficiency and reduce costs in the upcoming fiscal year[22] - The company plans to achieve mass production of the newly developed WiFi lens antenna in 2024, following successful small-scale sales to router manufacturers[30] - The company aims to optimize asset and human resource allocation in 2024, which includes reducing unnecessary positions and controlling labor costs[31] - The company is focusing on expanding product sales and exploring applications of lens technology in other fields[29] - The company plans to explore applications of lens technology in various fields, including remote sensing and drone data transmission, to expand its customer base and create new revenue growth points[157] Financial Support and Debt Management - The company has implemented measures to communicate with banks to resolve overdue loans, ensuring sufficient operating funds for the next twelve months[33] - The company received financial support of 2,241,000.00 RMB from a major shareholder between January 1, 2024, and March 28, 2024[53] - A new repayment agreement was signed for overdue loans totaling 2,417,931.86 RMB, with structured repayments scheduled from August 28, 2023, to June 28, 2024[53] - The company intends to finance future development through bank loans, asset optimization, and potential new stock issuance or bond issuance[158] Legal and Regulatory Challenges - The company plans to appeal a court ruling regarding the execution of land and property rights, indicating ongoing legal challenges[108] - The company has acknowledged significant uncertainties regarding its ability to continue as a going concern due to consecutive years of losses and negative net assets[114]
海天天线(08227) - 2023 - 年度业绩