ENJOYOR(SZ:300020)2024-04-29 16:05Financial Performance - The company's operating revenue for 2023 was approximately ¥1.17 billion, a decrease of 27.47% compared to ¥1.61 billion in 2022[17]. - The net profit attributable to shareholders was a loss of approximately ¥234 million, representing a decline of 437.10% from a profit of ¥69 million in 2022[17]. - The cash flow from operating activities showed a net outflow of approximately ¥251 million, a decrease of 379.36% compared to a positive cash flow of ¥90 million in 2022[17]. - The total assets at the end of 2023 were approximately ¥6.97 billion, an increase of 6.07% from ¥6.57 billion at the end of 2022[17]. - The net assets attributable to shareholders increased by 20.40% to approximately ¥4.21 billion from ¥3.50 billion in 2022[17]. - The basic earnings per share for 2023 was -¥0.32, a decrease of 390.91% from ¥0.11 in 2022[17]. - The weighted average return on net assets was -5.85%, a decline of 7.85% compared to 2.00% in 2022[17]. - The company reported uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[17]. Revenue Breakdown - The quarterly revenue for Q1 2023 was approximately ¥586 million, with subsequent quarters showing a decline in revenue[20]. - The company's operating revenue for the reporting period was CNY 1,052,120,132.93, a decrease of 15.34% compared to the previous year[21]. - The net profit attributable to shareholders was CNY 84,552,491.98, representing a decline of 113.41% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 83,459,320.10, down 114.63% from the previous year[21]. - For the third quarter, the operating revenue was CNY 1,540,225,726, down 23.04% year-on-year[22]. - The net profit attributable to shareholders for the third quarter was CNY 107,347,929.24, a decrease of 164.47% compared to the same period last year[22]. - The revenue from smart transportation was ¥475,716,173.91, accounting for 40.69% of total revenue, down 36.13% from the previous year[70]. - The revenue from smart healthcare was ¥199,171,884.31, which is 17.04% of total revenue, showing a decline of 3.56% year-over-year[70]. Research and Development - The company launched over 100 new algorithm models across various fields, including transportation and healthcare, enhancing its digital governance capabilities[41]. - The company raised ¥1 billion through a private placement to boost research and development in artificial intelligence and digital twin technologies[39]. - The company has established a comprehensive technology innovation and product R&D team, with 43.92% of its 567 employees engaged in R&D[62]. - R&D investment amounted to ¥123,402,020.73 in 2023, representing 10.56% of operating revenue, an increase from 7.00% in 2022[85]. - Research and development expenses remained stable at approximately CNY 81.06 million, showing a slight decrease of 0.08% year-on-year[81]. Market Expansion and Strategy - The company is focusing on expanding its market presence in regions such as Xinjiang, Fujian, and Jiangsu, leveraging its technological advantages[39]. - The company aims to support the modernization of urban governance through its "City Brain" initiative, which utilizes advanced data analytics and AI technologies[35]. - The company is actively pursuing CFDA certification for its E-WATCH product, which is expected to enhance market recognition and consumer trust[82]. - The company plans to enhance its market share in the transportation, health, and education sectors by focusing on the innovation of new generation smart applications[111]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[191]. Corporate Governance - The company held 3 shareholder meetings in 2023, utilizing a combination of online and on-site voting to ensure equal rights for all shareholders[130]. - The board of directors consists of 9 members, including 3 independent directors, and held 8 meetings during the reporting period[132]. - The supervisory board comprises 3 members and convened 7 meetings, adhering to legal and regulatory requirements[134]. - The company has established a performance evaluation and incentive mechanism to enhance employee motivation, with standards tailored to different positions[135]. - The company has maintained a stable management team with no significant changes in shareholding among directors and senior management during the reporting period[147]. Financial Management - The company reported a total of ¥213,200,066.20 in raised funds that were improperly used and have not yet been returned[99]. - The company has committed to not providing financial assistance or loans against restricted stock options as of December 31, 2023[196]. - The company has engaged in a private placement of shares, with new shares listed from April 18 to May 21, 2023, under a six-month lock-up period[195]. - The company is actively pursuing strategies to enhance its market position and financial stability through careful management of its financial resources[197]. - The company plans to ensure that the use of idle raised funds does not affect the implementation of investment projects[102]. Social Responsibility and Compliance - The company actively fulfills its corporate social responsibilities while creating value for shareholders[182]. - The company emphasizes compliance with laws and regulations, ensuring timely and accurate information disclosure to enhance transparency and credibility[183]. - The company adheres to a principle of lawful operation, focusing on both economic and social benefits[183]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[182]. - Employee training programs are implemented through Yinjiang University to improve professional skills and maintain employee rights[183].