BRANDMAX(SZ:300805)2024-05-20 10:35Financial Performance - In 2023, the company achieved operating revenue of CNY 2.251 billion, a year-on-year increase of 3.51% [3][25] - The net profit attributable to shareholders was CNY 32.9043 million, marking a turnaround from loss to profit [3][25] - The company maintained a cash balance of CNY 877 million by the end of 2023, providing a stable foundation for future development [3][12] Business Development - The digital retail business generated revenue of CNY 790 million, accounting for 35.09% of total revenue, with a year-on-year growth of 5.78% [4][24] - The company expanded into new sectors, including healthcare and new energy vehicles, with significant revenue contributions: CNY 78.9568 million from healthcare services (up 20.36%) and CNY 92.8957 million from new energy vehicle sales (up 267%) [6][38] - The company has established partnerships with major brands, enhancing its marketing capabilities and service offerings [5][39] Risk Management - The company has implemented measures to manage accounts receivable risks, with a focus on short-term receivables, which accounted for over 91.28% of total receivables in recent years [7][14] - The management is actively monitoring market trends and consumer preferences to adapt to changes and maintain competitiveness [7][41] Future Outlook - The company plans to continue expanding its traditional business areas while exploring new capabilities in sectors like new energy vehicles and brand incubation [10][28] - The management expressed confidence in achieving steady growth in 2024, supported by ongoing strategic initiatives and market adaptations [12][32]