Financial Performance - For the year ended December 31, 2022, the company's revenue was approximately RMB 437.1 million, an increase of about 23.4% compared to RMB 354.3 million for the year ended December 31, 2021[2] - The gross profit for the year ended December 31, 2022, was approximately RMB 142.9 million, reflecting a 23.4% increase from RMB 115.8 million for the previous year[2] - The net profit for the year ended December 31, 2022, was approximately RMB 10.0 million, a decrease of about 75.2% from RMB 40.1 million for the year ended December 31, 2021[2] - The operating profit for the year ended December 31, 2022, was RMB 16.0 million, down from RMB 57.5 million in the previous year[6] - The basic and diluted earnings per share for the year ended December 31, 2022, were RMB 1.70, a significant decrease from RMB 21.43 in the previous year[6] - The company reported a net profit of RMB 9,953,000 for the year, compared to a previous year's profit of RMB 16,037,000, reflecting a decrease of approximately 38.5%[48] - The company reported a net profit of RMB 40,133,000 for the year ended December 31, 2022, compared to RMB 59,271,000 in 2021, reflecting a decline of approximately 32.2%[50] Revenue Breakdown - Revenue from property management services was RMB 256,500,000 for 2022, up from RMB 202,099,000 in 2021, indicating a growth of about 27%[43] - The revenue from community value-added services increased to RMB 53,219,000 in 2022 from RMB 41,558,000 in 2021, marking a growth of approximately 28.5%[43] - IT and smart construction services generated revenue of RMB 15,035,000 in 2022, slightly up from RMB 14,860,000 in 2021[43] - The company identified three reportable segments: property management, wellness services, and others, with total segment revenues of RMB 418,870,000 for the year[48] - Revenue from major customers, including the Li Ka Shing Group, accounted for 26% of total revenue in 2022, down from 32% in 2021[54] Assets and Liabilities - The total assets less current liabilities as of December 31, 2022, amounted to RMB 341.8 million, compared to RMB 175.2 million as of December 31, 2021[10] - The total assets of the company as of December 31, 2022, amounted to RMB 586,699,000, with total liabilities of RMB 254,070,000[48] - Total liabilities increased to RMB 227,107,000 in 2022 from RMB 179,612,000 in 2021[50] - The total amount of bank and other borrowings increased from RMB 10,231,000 in 2021 to RMB 18,253,000 in 2022, representing an increase of approximately 78.5%[102] - The actual interest rate for bank and other borrowings as of December 31, 2022, was approximately 3.87%, up from 1.50% in 2021[103] Cash Flow and Working Capital - The group's net cash outflow from operations for the year ended December 31, 2022, was approximately RMB 31.38 million, compared to a net cash inflow of approximately RMB 35.03 million in 2021[19] - As of December 31, 2022, the group's cash and cash equivalents amounted to approximately RMB 149.1 million, an increase from RMB 123.7 million as of December 31, 2021[158] - The group's net current assets as of December 31, 2022, were approximately RMB 200.7 million, up from RMB 60.3 million as of December 31, 2021[166] Impairment and Provisions - Impairment losses on trade and other receivables increased significantly to RMB 69,151,000 in 2022 from RMB 3,487,000 in 2021[63] - The company recorded a provision for impairment of trade receivables amounting to RMB 54.48 million in 2022, compared to RMB 7.45 million in 2021[76] - The total impairment loss provision for trade and other receivables was RMB 54,973,000, an increase from RMB 3,894,000 at the beginning of 2021[88] Employee and Administrative Expenses - The total employee cost for the year ended December 31, 2022, was approximately RMB 175.0 million, compared to RMB 157.9 million for the year ended December 31, 2021[174] - The group had 2,449 full-time employees as of December 31, 2022, down from 2,676 employees as of December 31, 2021[174] - Administrative expenses increased by approximately 6.3% from about RMB 54.8 million to approximately RMB 58.2 million, mainly due to increased employee benefits and depreciation expenses[139] Dividends and Share Capital - The company did not declare a final dividend for the year ended December 31, 2022, consistent with the previous year[4] - The group did not recommend the declaration of a final dividend for the year ended December 31, 2022, compared to zero for the year ended December 31, 2021[179] - The company's capital increased from RMB 80,792,000 to RMB 81,108,000 between December 31, 2021, and December 31, 2022[107] Risk Management and Compliance - The company has established a written risk management policy and maintains a risk register to identify and assess major risks, with management required to submit risk assessment reports to the board at least annually[185] - The company adopted the standard code of conduct for securities trading for directors, confirming compliance for the year ending December 31, 2022[188] - The audit committee reviewed the accounting standards and policies adopted by the group for the year ending December 31, 2022, in conjunction with the external auditor[189] - The company appointed a new auditor, 永拓富信, effective June 30, 2023, following the resignation of 罗兵咸永道[190] Future Outlook - The company aims to expand its project portfolio through internal growth, strategic acquisitions, and partnerships with third-party developers[118] - The property management industry is expected to enter a phase of high-quality development and steady growth, which the company plans to align with[118]
力高健康生活(02370) - 2023 - 年度业绩