Financial Performance - For the year ended December 31, 2023, the total revenue was RMB 630,172,000, representing an increase of 6.06% compared to RMB 594,204,000 in 2022[4] - The gross profit for the same period was RMB 93,445,000, slightly down from RMB 94,409,000 in 2022, indicating a decrease of 1.02%[4] - Operating profit decreased to RMB 32,856,000 from RMB 40,290,000, reflecting a decline of 18.4% year-on-year[4] - The net profit attributable to the owners of the company was RMB 27,889,000, down from RMB 34,389,000, a decrease of 18.8%[4] - Basic and diluted earnings per share were RMB 2.18, compared to RMB 2.75 in the previous year, a decline of 20.73%[4] - Total net other income for 2023 was RMB 6,389,000, compared to RMB 5,109,000 in 2022, indicating an increase of about 25.03%[16] - The company's basic earnings per share for 2023 was RMB 2.18, down from RMB 2.75 in 2022, reflecting a decrease of approximately 20.73%[21] - Net profit decreased from approximately RMB 34.4 million in fiscal year 2022 to approximately RMB 27.9 million in the reporting period, with a net profit margin of 4.4%[47] Assets and Liabilities - Total assets increased to RMB 440,353,000 from RMB 316,174,000, marking a growth of 39.2%[6] - Cash and cash equivalents rose significantly to RMB 148,573,000 from RMB 54,722,000, an increase of 171.5%[6] - The total equity attributable to the owners of the company increased to RMB 298,818,000 from RMB 177,032,000, a growth of 68.5%[6] - Trade and other receivables increased to RMB 249,476,000 from RMB 228,923,000, reflecting a rise of 8.95%[6] - Trade receivables increased to RMB 241,856,000 in 2023 from RMB 220,774,000 in 2022, marking an increase of about 9.55%[24] - Trade and other payables totaled RMB 113,699,000 in 2023, slightly up from RMB 111,755,000 in 2022, showing a growth of approximately 1.74%[27] - The company reported a financial expense net amount of RMB (466,000) in 2023, compared to RMB (422,000) in 2022, indicating an increase in financial expenses of about 10.43%[17] - The company recorded a current tax expense of RMB 4,611,000 for 2023, down from RMB 6,108,000 in 2022, representing a decrease of approximately 24.51%[18] - The company’s deferred tax expense for 2023 was RMB (110,000), compared to RMB (629,000) in 2022, indicating a reduction in deferred tax expenses[18] Operational Strategy - The company plans to continue expanding its cleaning and maintenance services in China, focusing on enhancing operational efficiency and exploring new market opportunities[7] - The company plans to expand its services into other regions in China with strong demand for property cleaning services and explore potential acquisitions in the Greater Bay Area[36] - The company aims to enhance its service capabilities and market influence through organic growth and strategic partnerships[36] Market Position and Governance - The company successfully listed on the Hong Kong Stock Exchange on December 5, 2023, enhancing its brand visibility and market reputation[35] - The audit committee has reviewed the financial performance for the reporting period and found no objections[73] - The company has adhered to the corporate governance code, with the chairman also serving as the CEO, which is deemed beneficial for strong leadership[67] Employee and Expenditure - Employee benefits expenses totaled RMB 351.3 million, up from RMB 324.1 million in the previous fiscal year, reflecting increased workforce costs[65] - The number of employees increased to 7,086 from 6,347 year-over-year, indicating growth in operational capacity[65] - Capital expenditures for the reporting period were approximately RMB 11.7 million, a significant increase from RMB 1.9 million in the previous fiscal year[51] Financial Management - The company maintains a cautious treasury policy, closely monitoring liquidity to meet financial obligations[55] - There are no significant foreign exchange risks as most financial assets and liabilities are denominated in RMB[56] - The company has not engaged in any foreign currency hedging activities but will consider it if exposure becomes significant[56] - The company has no major investments or acquisitions planned beyond those disclosed in the prospectus as of December 31, 2023[64] - The company did not declare or pay any dividends for the years ended December 31, 2023, and 2022[18] - The company has not declared a final dividend for the reporting period[71]
升辉清洁(02521) - 2023 - 年度业绩