Financial Performance - The company recorded a net profit attributable to equity holders of approximately RMB 5.6 million for the fiscal year ending December 31, 2023, compared to a net loss of RMB 22.3 million in the same period last year[6]. - The gross profit for the year was approximately RMB 26 million, with a gross margin of about 43% for the software business, remaining stable compared to the previous year[6]. - For the year ended December 31, 2023, the group recorded revenue of approximately RMB 60,646,000, a 26.6% increase from RMB 47,909,000 in 2022[26]. - The group's gross profit for the year was approximately RMB 26,045,000, with a stable gross margin of 43% compared to the previous year[27]. - The group recorded a profit of approximately RMB 3,801,000 for the year, a significant recovery from a loss of RMB 25,014,000 in 2022[35]. - The company's net profit attributable to equity holders for the year was RMB 5,550,000, a recovery from a loss of RMB 22,268,000 in 2022[68]. Expenses and Costs - The company reported distribution expenses of approximately RMB 15.9 million and general and administrative expenses of about RMB 22.6 million for the year[6]. - Distribution expenses rose to approximately RMB 15,918,000 from RMB 14,475,000 in 2022, primarily due to increased employee costs and travel expenses in the software business[28]. - General and administrative expenses increased to approximately RMB 22,573,000 from RMB 16,849,000, driven by higher employee costs, professional fees, and travel expenses[29]. - Employee costs amounted to approximately RMB 25,182,000 for the year, compared to RMB 21,980,000 in 2022[59]. Strategic Focus and Market Outlook - The company plans to focus on domestic database software services in line with government policies on localization, anticipating a shift towards domestic brands among Chinese customers[7]. - The company aims to enhance shareholder returns by exploring potential integration opportunities within existing IT services and strengthening project management practices[7]. - The company expects the Chinese economy to maintain steady growth, despite challenges in the business environment[7]. - The company anticipates more business opportunities arising from the replacement and popularization of domestic products as reforms deepen[7]. - The company plans to enhance its research and development capabilities and expand its customer base in 2023[64]. - The company aims to maintain competitiveness by launching new products and services while exploring suitable business opportunities for diversification[65]. - The company anticipates a gradual recovery of the market post-pandemic, with an increasing shift towards domestic brands for database software services among Chinese customers[65]. Shareholder and Governance - The company expressed gratitude to shareholders, business partners, and employees for their support and hard work[8]. - The company did not recommend the payment of a final dividend for the year ended December 31, 2023, consistent with the previous year[62]. - The company has not appointed a chairman, with the role being collectively performed by the board as of October 26, 2023[85]. - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced structure[78]. - The company maintains a shareholder communication policy to ensure timely and comprehensive information disclosure to shareholders[132]. - The company’s annual general meeting serves as an effective channel for communication between the board and shareholders[137]. Environmental, Social, and Governance (ESG) - The group has a designated team responsible for environmental, social, and governance (ESG) matters, reporting annually to the board on ESG performance and progress towards goals[160]. - The company is committed to improving overall environmental performance and reducing its carbon footprint in response to climate change[160]. - The company has established a governance framework to ensure its environmental, social, and governance (ESG) strategies align with corporate growth[165]. - The company has engaged with stakeholders to understand their concerns and improve its sustainable development strategy[168]. - The company has implemented measures to ensure compliance with disclosure regulations, including the adoption of revised articles of association to align with legal and regulatory requirements[153]. Risk Management - The board has established an audit committee to oversee and review the group's risk management procedures and internal control systems[150]. - The group conducts annual risk assessments to identify existing or potential risks that may affect business objectives, evaluating the likelihood and impact of identified risks[150]. - The group has implemented measures to mitigate risks associated with extreme weather events, including selecting office locations based on historical disaster data[200]. - The group recognizes the potential physical and transitional impacts of climate change on its operations, including acute and chronic changes[195]. Human Resources - The company employed 128 full-time employees as of December 31, 2023, an increase from 89 employees in 2022[59]. - The company emphasizes the importance of employee rights and has a low employee turnover rate[173]. - The company has not set measurable targets for achieving gender diversity among employees, but maintains a policy of merit-based selection[96].
企展控股(01808) - 2023 - 年度财报