Financial Performance - For the year ended December 31, 2023, revenue was approximately RMB 256.0 million, an increase of 13.0% from RMB 226.5 million for the year ended December 31, 2022[3]. - The net profit attributable to equity holders for the year ended December 31, 2023, was approximately RMB 20.4 million, a decrease of 15.5% from RMB 24.3 million for the year ended December 31, 2022[3]. - Basic earnings per share for the year ended December 31, 2023, was approximately RMB 5.4 cents, down from RMB 6.5 cents for the year ended December 31, 2022[3]. - Operating profit for the year ended December 31, 2023, was RMB 23.96 million, a decrease of 20.0% from RMB 30.07 million for the year ended December 31, 2022[4]. - Total revenue for the year ended December 31, 2023, was RMB 255,959,000, an increase of 12.9% from RMB 226,513,000 in 2022[19]. - Pre-tax profit for the year ended December 31, 2023, was RMB 20,397,000, a decrease of 15.4% compared to RMB 24,259,000 in 2022[35]. - Net profit margin fell from approximately 10.7% for the year ending December 31, 2022, to approximately 8.0% for the year ending December 31, 2023, primarily due to increased listing and operating expenses[77]. Dividends and Shareholder Returns - The board of directors did not recommend the payment of a final dividend for the year ended December 31, 2023[3]. - The board does not recommend the payment of a final dividend for the year ending December 31, 2023[36]. Assets and Liabilities - Total assets as of December 31, 2023, were RMB 183.59 million, an increase from RMB 163.18 million as of December 31, 2022[6]. - Total liabilities as of December 31, 2023, were RMB 98.44 million, an increase from RMB 82.44 million as of December 31, 2022[8]. - Cash and cash equivalents as of December 31, 2023, were RMB 23.81 million, down from RMB 42.20 million as of December 31, 2022[6]. - Bank borrowings decreased to RMB 28,000 thousand in 2023 from RMB 30,000 thousand in 2022, with a floating interest rate between 3.7% and 4.1%[44]. - The capital-to-debt ratio was 32.9% as of December 31, 2023, compared to 37.2% as of December 31, 2022[85]. Employee Expenses - The company reported a decrease in employee benefit expenses to RMB 17.12 million for the year ended December 31, 2023, from RMB 20.04 million for the year ended December 31, 2022[4]. - Total employee benefits expenses decreased to RMB 17,124,000 in 2023, down 14.4% from RMB 20,041,000 in 2022[28]. - The total salary and wages for the year ending December 31, 2023, was approximately RMB 13.6 million, down from RMB 16.4 million for the year ending December 31, 2022[89]. Revenue Breakdown - Revenue from wireless telecom network optimization services decreased to RMB 94,923,000 in 2023, down 7.3% from RMB 102,136,000 in 2022[19]. - Revenue from ICT integration services increased by approximately RMB 38.7 million or about 70.9% to RMB 93.3 million from RMB 54.6 million in 2022, driven by an increase in the number of projects from 36 to 48[62]. - Revenue from telecom network infrastructure maintenance and engineering services decreased by approximately RMB 0.7 million or about 1.6% to RMB 43.8 million from RMB 44.5 million in 2022[60]. - Revenue from software-related business decreased by approximately RMB 1.3 million or about 5.2% to RMB 24.0 million from RMB 25.3 million in 2022[63]. Costs and Expenses - The company's other income decreased by approximately RMB 1.6 million or about 47.1% to RMB 1.8 million from RMB 3.4 million in 2022, primarily due to a reduction in government subsidies[64]. - The group's subcontracting costs increased by approximately RMB 32.2 million or about 26.5% to RMB 153.8 million from RMB 121.6 million in 2022, primarily due to increased subcontracting costs in ICT integration services[65]. - Other operating expenses increased by approximately RMB 2.3 million or about 65.7% to RMB 5.8 million for the year ending December 31, 2023, primarily due to RMB 2.0 million for audit services provided by independent auditors[71]. - Listing expenses rose from approximately RMB 10.1 million for the year ending December 31, 2022, to approximately RMB 14.0 million for the year ending December 31, 2023[72]. Future Outlook and Plans - The board holds a cautiously optimistic view on the future of the Chinese telecom industry, expecting continued growth driven by technological advancements and increasing demand for digital services[54]. - The company plans to allocate 20.5% of the net proceeds from the share issuance, amounting to RMB 11.5 million, to fund future ICT integration projects by the end of 2027[95]. - 34.6% of the net proceeds, equivalent to RMB 19.4 million, will be used to initiate new R&D projects by the end of 2027[95]. - The company aims to strengthen its project management team to support expected growth, allocating 19.8% of the proceeds, or RMB 11.1 million, by the end of 2026[95]. - The company intends to repay part of its bank loans with 12.9% of the proceeds, which is RMB 7.2 million, by the end of 2025[95]. Compliance and Governance - The company confirms compliance with corporate governance codes, except for the separation of the roles of Chairman and CEO, which are held by the same individual[96]. - The board believes the current structure will not impair the balance of power and responsibilities, and will consider separating the roles in the future[98]. - The company has maintained sufficient public float since its listing date[111]. - The board has confirmed compliance with the securities trading code since the listing date[113]. Miscellaneous - The company expresses gratitude to clients, suppliers, subcontractors, and shareholders for their continued support[118]. - The auditor, PwC, will be proposed for reappointment at the upcoming annual general meeting[115]. - The preliminary financial results for the year ending December 31, 2023, have been verified against the audited financial statements[117].
经纬天地(02477) - 2023 - 年度业绩