Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 100,685,000, a significant increase from RMB 20,406,000 in 2022, representing a growth of 392%[5] - Gross profit for the same period was RMB 14,456,000, compared to RMB 3,232,000 in the previous year, indicating a growth of 347%[5] - The company reported a loss before tax of RMB 10,638,000, an improvement from a loss of RMB 21,321,000 in 2022, reflecting a reduction of 50%[5] - The net loss for the year was RMB 12,107,000, down from RMB 19,949,000 in 2022, showing a decrease of 39%[5] - The group reported a pre-tax loss of RMB 10,638 thousand for 2023, an improvement from a loss of RMB 21,321 thousand in 2022[34] - The loss attributable to the company was approximately RMB 12.1 million, a reduction of about RMB 7.8 million from the previous year, primarily due to business structure optimization[45] Assets and Liabilities - Non-current assets totaled RMB 185,038,000 as of December 31, 2023, a slight decrease from RMB 191,103,000 in 2022[7] - Current assets increased to RMB 133,038,000 in 2023, up from RMB 112,429,000 in 2022, representing an increase of 18%[7] - Total liabilities increased to RMB 39,473,000 in 2023, compared to RMB 13,026,000 in 2022, indicating a significant rise of 203%[7] - The company's total equity decreased to RMB 277,594,000 in 2023 from RMB 289,701,000 in 2022, reflecting a decline of 4%[8] Revenue Segmentation - For the fiscal year ending December 31, 2023, the total revenue from the supply chain management business was RMB 100,685,000, with a segment performance of RMB 14,456,000[19] - The total revenue for the fiscal year ending December 31, 2022, was RMB 20,406,000, with a segment performance of RMB 3,232,000, indicating a significant increase in revenue for the supply chain management business in 2023[20] - Revenue from supply chain management business reached RMB 87,608 thousand in 2023, up from RMB 16,141 thousand in 2022, indicating an increase of about 442%[25] - The supply chain management business generated revenue of RMB 22.1 million, accounting for 22.0% of total revenue, while the food supply segment generated RMB 78.5 million, accounting for 78.0% of total revenue for the year ended December 31, 2023[56] Customer Concentration - As of December 31, 2023, four customers contributed over 10% of the total revenue, compared to one customer in 2022[23] - Customer B generated RMB 19,970 thousand in revenue, while Customer C and Customer D contributed RMB 19,274 thousand and RMB 15,258 thousand respectively in 2023[24] Cash Flow and Expenses - The company's cash and cash equivalents decreased to RMB 65,349,000 from RMB 89,275,000 in the previous year, a decline of 27%[7] - Interest income increased to RMB 3,158 thousand in 2023 from RMB 2,248 thousand in 2022, reflecting a growth of approximately 40%[28] - Administrative expenses for the year ended December 31, 2023, were approximately RMB 17.5 million, a decrease of about 11.2% compared to RMB 19.7 million for the year ended December 31, 2022, primarily due to reclassification of property depreciation[63] - Interest expenses for the year ended December 31, 2023, were approximately RMB 50,000, an increase from RMB 22,000 for the year ended December 31, 2022[64] Strategic Focus and Future Plans - The company is engaged in supply chain management and R&D for automotive parts, indicating a focus on expanding its operational capabilities[10] - The group plans to deepen cooperation with suppliers for high-quality agricultural products and expand its sales and distribution network in 2024[46] - The company aims to advance its new energy business and explore other goods, services, or technologies to further diversify its operations[46] - The group plans to continue developing its new energy business, anticipating increased demand for new energy products and services due to global energy adjustments and the Belt and Road Initiative[50] Governance and Compliance - The group has adopted the corporate governance code and has not identified any non-compliance issues during the year, except for the separation of roles between the chairman and CEO[87] - The audit committee has held four meetings during the year to review the company's reports and accounts, ensuring compliance with applicable accounting standards[91] Market Conditions - The geopolitical tensions and global commodity demand uncertainties are expected to impact the global supply chain and economic growth in 2024[46] Miscellaneous - The company has not recognized any revenue from the automotive parts business as of December 31, 2023, indicating a focus on the supply chain management segment[19] - The group has no significant contingent liabilities as of December 31, 2023, consistent with the previous year[81] - There were no assets pledged as collateral as of December 31, 2023, similar to the previous year[82] - The board does not recommend the payment of a final dividend for the year ended December 31, 2023, which is unchanged from the previous year[84] - The group has not engaged in any buybacks, sales, or redemptions of its listed securities as of December 31, 2023[83]
双桦控股(01241) - 2023 - 年度业绩