Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 7,076,001 thousand, a decrease of 15.1% compared to RMB 8,336,069 thousand in 2022[28]. - Gross profit increased to RMB 286,018 thousand, up 30.0% from RMB 219,826 thousand in the previous year[28]. - Operating profit for the year was RMB 125,482 thousand, down 23.9% from RMB 164,775 thousand in 2022[28]. - Net profit for the year was RMB 90,972 thousand, a decrease of 20.0% compared to RMB 113,579 thousand in 2022[28]. - Basic and diluted earnings per share for the year were both RMB 0.15, down from RMB 0.19 in the previous year[29]. - Total comprehensive income for the year was RMB 95,914 thousand, down 31.7% from RMB 140,492 thousand in 2022[29]. - Research and development expenses decreased to RMB 8,816 thousand, down 49.7% from RMB 17,506 thousand in 2022[28]. - Financial income increased to RMB 12,523 thousand, compared to RMB 5,349 thousand in the previous year[28]. - The company reported a net loss from financial assets impairment of RMB 45,909 thousand, compared to RMB 21,550 thousand in 2022[28]. - The company experienced a foreign exchange loss of RMB 7,763 thousand from overseas operations, compared to a loss of RMB 45,406 thousand in the previous year[29]. Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 3,441,409 thousand, a decrease of 13.7% from RMB 3,988,951 thousand in 2022[32]. - Current assets totaled RMB 3,378,713 thousand, down 13.6% from RMB 3,914,966 thousand in the previous year[32]. - Accounts receivable decreased significantly to RMB 2,210,071 thousand, a decline of 18.3% from RMB 2,704,930 thousand in 2022[32]. - Cash and cash equivalents increased to RMB 719,445 thousand, up 149.5% from RMB 288,660 thousand in the prior year[32]. - Total liabilities decreased to RMB 2,055,529 thousand, down 23% from RMB 2,665,159 thousand in 2022[32]. - Current liabilities totaled RMB 2,050,806 thousand, a reduction of 22.7% from RMB 2,654,003 thousand in the previous year[32]. - Non-current assets amounted to RMB 62,696 thousand, a decrease of 15.2% from RMB 73,985 thousand in 2022[32]. - Inventory increased slightly to RMB 10,729 thousand, up 2.8% from RMB 10,435 thousand in the previous year[32]. Corporate Governance - The company’s financial reporting process is overseen by the audit committee, ensuring compliance with international financial reporting standards[17]. - The management is responsible for preparing true and fair consolidated financial statements and assessing the group's ability to continue as a going concern[16]. - The company has appointed new representatives and committee chairs effective March 28, 2024, indicating a potential shift in governance structure[5]. - The company has implemented strong corporate governance practices to enhance accountability and shareholder value[34]. - The board of directors is committed to maintaining compliance with corporate governance standards and has established clear divisions of authority between the board and management[38]. - The Nomination Committee consists of four members, including one executive director and three independent non-executive directors, ensuring diverse skills and experiences[48]. - The board diversity policy was adopted on October 8, 2021, emphasizing the importance of diversity in achieving strategic goals and sustainable development[49]. - The Remuneration Committee held one meeting from January 1, 2023, to December 31, 2023, and reviewed the adoption of a share incentive plan[53]. - The company has complied with the corporate governance code and established effective risk management and internal control systems as of December 31, 2023[83]. Risk Management and Compliance - The company has implemented a risk management system to manage risks related to its business and operations, including an internal control system[55]. - The company emphasizes effective internal and external communication to provide necessary information for daily monitoring[56]. - The company strictly adheres to laws regarding anti-corruption, anti-money laundering, and fair competition, ensuring a transparent and compliant business environment[166]. - The company has a clear conflict of interest reporting mechanism, requiring employees to declare any potential conflicts to mitigate corruption risks[161]. - In 2023, the company did not experience any significant violations related to corruption, bribery, fraud, or money laundering, and there were no lawsuits regarding corruption[186]. Environmental, Social, and Governance (ESG) - The board regularly reviews the ESG management strategy to assess its potential impact on overall strategy[68]. - The company has established a stakeholder engagement process to identify and analyze ESG issues based on communication results and macro policies[70]. - The company promotes energy-saving practices, such as ensuring air conditioning efficiency and reducing standby time for electronic devices[72]. - The company encourages water conservation and the use of energy-efficient fixtures to manage water resources effectively[72]. - The company advocates for reducing paper usage by promoting online office processes and double-sided printing[72]. - The company has established clear environmental goals and implemented continuous monitoring and review mechanisms to optimize resource allocation and promote energy conservation and carbon reduction[75]. - The company actively seeks low-carbon transformation opportunities in response to climate change risks and aims to promote sustainable development[104]. - The greenhouse gas emissions for the year amount to 472.79 tons of CO2 equivalent, with scope 1 emissions at 16.14 tons and scope 2 emissions at 456.66 tons[132]. - The company achieved all environmental goals for 2023, including the procurement of energy-efficient equipment and 100% waste classification by employees[131]. - The total amount of non-hazardous waste generated is 49.61 tons, with a density of 0.005 tons/m²[132]. - The company has implemented energy-saving measures, including the use of energy-efficient faucets and toilets, as part of its resource conservation efforts[106]. Employee and Training - The employee turnover rate is 25.87%, with male turnover at 26.36% and female turnover at 25.50%[111]. - The company has a total of 576 employees, with 243 males and 333 females[137]. - The percentage of employees trained by gender in 2023: 60.91% for males and 68.77% for females[144]. - The average training hours per employee by gender: 2.34 hours for males and 2.69 hours for females[144]. - The average training hours per employee by job level: 1.26 hours for management and 2.82 hours for other employees[144]. - The company has implemented a comprehensive training program for new employees and management[117]. - The company has established a multi-channel communication mechanism to address employee concerns effectively[139]. - The company promotes a healthy lifestyle among employees, encouraging outdoor activities to improve physical and mental well-being[144]. Customer Relations and Marketing - The company has established a professional customer service team to actively listen to customer feedback and respond promptly[176]. - In 2023, the company received 39 customer complaints, achieving a complaint resolution rate and follow-up rate of 100%[176]. - The company focuses on high-quality online short video marketing solutions, emphasizing product quality and customer-centric approaches[146]. - The company actively analyzes advertising content effectiveness to balance production costs and time, ensuring high-quality and innovative production ideas[152]. - The company has implemented a comprehensive internal review mechanism to ensure content safety and compliance with positive values in its marketing materials[171]. - The company has developed an AI-driven online advertising platform, "Youliang Engine," to enhance data collection, analysis, and optimize marketing strategies[174]. Supply Chain Management - The company emphasizes responsible procurement and ESG risk management in its supply chain, fostering close communication and mutually beneficial cooperation with suppliers[181]. - All 376 suppliers complied with the company's supplier admission requirements during the reporting period[158]. - The company has established a standardized supplier audit system to ensure service quality and effectiveness, maintaining regular communication with suppliers[182]. - The company has a total of 376 suppliers in 2023, with 357 located in mainland China, 6 in Hong Kong, Macau, and Taiwan, and 13 overseas[184]. Community Engagement - The company is committed to community investment and corporate social responsibility, engaging in various public welfare activities[162]. - The company signed a strategic agreement with Wuhan Media Academy to invest in a 1,200 square meter student practice training platform, enhancing local employment and regional economic prosperity[188]. - The digital imaging media experimental class has been established with three sessions completed by the end of 2023, aiming to cultivate composite talents through diverse courses[188].
优矩控股(01948) - 2023 - 年度财报