Financial Performance - The company recorded total revenue of approximately RMB 74,137,000 for the year ending December 31, 2023, an increase of about RMB 11,939,000 from RMB 62,198,000 in 2022, representing a growth of approximately 19.2%[4] - The net profit attributable to the owners of the company for the same period was approximately RMB 8,521,000[4] - The overall gross profit for the year ended December 31, 2023, was approximately RMB 21,550,000, with a gross profit margin of 29%, stable compared to 27% for the previous year[13] - Other income and gains increased from approximately RMB 4,327,000 for the year ended December 31, 2022, to approximately RMB 4,950,000 for the year ended December 31, 2023, mainly due to increased realized gains on financial assets measured at fair value[14] - Selling and distribution expenses decreased by approximately 6% from RMB 3,301,000 to RMB 3,096,000, attributed to reduced transportation and depreciation costs[15] - Administrative expenses increased by 9% to approximately RMB 11,291,000 for the year ended December 31, 2023, compared to RMB 10,350,000 for the previous year, mainly due to increased general administrative expenses[16] - The group recorded a net current asset of approximately RMB 167,036,000 as of December 31, 2023, with a current ratio of 11.9, up from 10.6 the previous year[22] - The debt-to-equity ratio as of December 31, 2023, was 19%, stable compared to 21% as of December 31, 2022[23] - The group’s cash and cash equivalents increased to approximately RMB 143,391,000 as of December 31, 2023, compared to RMB 129,640,000 the previous year[22] - The group recorded a net profit of RMB 8,521,000 for the year, compared to RMB 5,586,000 in 2022, marking a year-over-year increase of 52.1%[190] Business Operations - Revenue primarily derived from the production and sales of pressure vessels, fire safety technology testing services, installation and inspection of marine firefighting equipment, sales of aquatic products, and property investment segments[4] - The company is focused on expanding its market presence in mainland China and overseas, particularly in the production and sales of firefighting equipment[4] - The company is committed to ongoing research and development in fire safety technology to enhance its service offerings[4] - The group plans to explore development and acquisition opportunities to enhance profitability and strengthen its position in the manufacturing, sales, and provision of fire-fighting equipment and services in China[8] - The company’s revenue from the sale of pressure vessels and firefighting equipment continues to be a significant part of its business model[199] - The company plans to continue expanding its market presence and enhancing its product offerings in the firefighting equipment sector[199] Governance and Compliance - The company emphasizes the importance of understanding the potential risks associated with investing in GEM-listed companies, which are generally smaller companies with higher investment risks[1] - The company has confirmed that the information provided in the report is accurate and complete, with no misleading or fraudulent elements[1] - The company aims to maintain transparency and accountability in its financial reporting, as evidenced by the independent auditor's report[3] - The company has adhered to the corporate governance code as per GEM listing rules, ensuring compliance and transparency in operations[44] - The company has adopted the GEM Listing Rules Appendix 15 to enhance corporate governance, aiming for responsible decision-making and improved risk management[47] - The board consists of six members, with all directors attending 100% of the meetings held in 2022, totaling four meetings[47] - The audit committee held five meetings in 2023 to review the financial performance and internal audit matters for the year ending December 31, 2023[55] - The remuneration committee includes one executive director and two independent non-executive directors, ensuring compliance with GEM Listing Rules[57] - The company emphasizes board diversity based on various criteria, including gender, age, and professional experience[62] - The company has established a risk management and internal control system, with management conducting annual reviews to identify areas for improvement[50] - The company has maintained a zero-tolerance policy towards corruption and bribery, ensuring ethical business practices[114] Employee Relations - The group had 84 employees as of December 31, 2023, down from 90 employees in 2022, indicating a reduction of approximately 6.7%[30] - The company has maintained a good relationship with its employees, as stated by the board of directors[31] - There were no significant labor disputes or strikes that interfered with the group's daily operations, indicating stable employee relations[31] - The employee turnover rate for the year is 7%, with a breakdown of 15% for males and 6% for females[96] - The total employee count as of December 31, 2023, is 84, with a gender distribution of 47 males and 37 females[96] - The percentage of employees trained this year is 24% for males and 20% for females[102] - The average training hours completed per employee this year are 20 hours for males and 15 hours for females[103] - 71% of executive directors and senior management received training this year, while only 15% of other employees did[103] - The company emphasizes the importance of employee training and development to adapt to a rapidly changing business environment[100] Environmental, Social, and Governance (ESG) - The board of directors is committed to overseeing environmental, social, and governance (ESG) matters and has established an ESG committee to review and monitor policies and practices[69] - The company emphasizes the importance of waste management and supports the "3R" waste hierarchy (Reduce, Reuse, Recycle) to minimize waste[78] - The company conducts a comprehensive materiality assessment to identify and prioritize significant ESG issues impacting operations[72] - The company has set annual environmental protection goals focused on environmental conservation, energy saving, and low carbon initiatives, which are regularly reviewed by the board[70] - The company systematically collects and responsibly disposes of solid waste, including packaging materials, ensuring recyclable components are separated before disposal[79] - The company recognizes the significance of ESG issues for shareholders and stakeholders, actively gathering feedback to enhance ESG strategies and outcomes[72] - The company consumed approximately 9,365 tons of water during the year[86] - The company has not experienced any climate-related issues and has implemented policies to manage potential risks[91] - The company has set a target to maintain carbon dioxide emissions at current levels, focusing on energy-saving practices[85] - The company has not generated any hazardous waste and has no targets for reducing packaging materials[82] - The company emphasizes resource efficiency and has established a management system to optimize resource usage[83] Financial Position - Total current assets increased to RMB 167,036,000 from RMB 151,808,000 in 2022, marking a growth of 9.9%[187] - Total non-current assets decreased to RMB 26,878,000 from RMB 29,541,000, a decline of 9.0%[187] - The company maintained a strong liquidity position with a net current asset value of RMB 153,061,000, compared to RMB 137,422,000 in 2022[187] - Total net assets increased to RMB 163,024,000, up from RMB 150,107,000 in 2022, representing an increase of 8.6%[188] - The company's operating cash flow for 2023 was RMB 13,782,000, compared to RMB 9,322,000 in 2022, reflecting a growth of 47.5%[192] - The total equity attributable to shareholders rose to RMB 145,212,000, an increase of 6.5% from RMB 135,697,000 in the previous year[190] - The company’s total liabilities remained stable at RMB 16,915,000, slightly up from RMB 16,856,000 in 2022[188] Shareholder Information - As of December 31, 2023, Mr. Zhou Jinhui holds 133,170,000 shares, representing approximately 71.05% of the company's issued share capital[147] - The major shareholder, Liancheng Fire Group Co., Ltd., holds 131,870,000 shares, accounting for about 70.36% of the registered capital[150] - The shares held by Liancheng Fire Group Co., Ltd. are pledged as collateral for a loan of RMB 198 million, with a partial repayment of RMB 63 million required to release the pledged shares[150] - The company has maintained a public float of at least 25% of its issued share capital[153] - The company has not engaged in any significant continuing connected transactions during the year[153] - The independent auditor has confirmed that the financial statements fairly reflect the group's financial position as of December 31, 2023[158] - The company has not changed auditors in the past three years, and the reappointment of the current auditor will be proposed at the upcoming annual general meeting[156]
上海青浦消防(08115) - 2023 - 年度财报