YTOT(SZ:300790)2024-04-15 10:24Financial Performance - Total revenue for 2023 reached CNY 2,145,518,800.85, an increase of 16.21% compared to the previous year[3] - Net profit attributable to shareholders was CNY 30,801,123.43, a decrease of 78.63% year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 18,648,916.81, down 81.99% compared to the previous year[4] - Basic earnings per share decreased to CNY 0.09, a decline of 79.55% year-on-year[3] - The company's weighted average return on equity dropped to 1.63%, down from 8.41% in the previous year, a decline of 6.78 percentage points[3] Assets and Equity - The total assets as of December 31, 2023, amounted to CNY 5,055,995,210.90, reflecting an 18.27% increase from the previous year[4] - The company's equity attributable to shareholders increased by 4.49% to CNY 1,881,057,491.12[4] Challenges and Factors Affecting Performance - The decline in performance was attributed to increased competition in the security industry and a decrease in product prices and gross margins[4] - Financial expenses increased, along with provisions for goodwill impairment, impacting overall profitability[4] - Some subsidiaries are still in the ramp-up phase and have not yet started generating profits[4]