Financial Performance - Revenue decreased by 18% to RMB 558.9 million, with a reported net loss of RMB 12.4 million for the year ended December 31, 2024[2]. - Adjusted net profit for 2024 was RMB 7.0 million, compared to an adjusted net loss of RMB 5.1 million in 2023[4]. - The company reported a net loss of RMB 12.44 million for 2024, an improvement from a net loss of RMB 16.83 million in 2023, indicating a reduction in losses by 26.5%[25]. - The basic and diluted loss per share for 2024 was RMB 1.77, compared to RMB 2.40 in 2023, reflecting a decrease in loss per share by 26.3%[25]. - The company reported a net financing income of RMB 2,169 thousand in 2024, up from RMB 1,636 thousand in 2023, indicating an increase of approximately 32.5%[55]. - The company recorded a foreign exchange gain of RMB 2,544 thousand in 2024, compared to a loss of RMB 214 thousand in 2023, showing a turnaround in foreign exchange performance[52]. Revenue Breakdown - Digital industrial business revenue decreased by 20% to RMB 325.2 million, with profit dropping 54% to RMB 18.8 million[10]. - Digital life business revenue increased over 7 times, contributing to a total revenue of RMB 233.7 million, despite a 33% decline in sales compared to 2023[11]. - Revenue from related parties, specifically Hon Hai Precision Industry Co., Ltd., accounted for RMB 238,433,000, representing 43% of total revenue, down from 49% in the previous year[46]. - The five largest customers accounted for approximately 27% of total revenue, a decrease from 37% in the previous year[45]. - The company did not generate more than 10% of total revenue from any single customer in the year ending December 31, 2024, compared to 14% from a single customer in the previous year[45]. Assets and Liabilities - Total assets increased to RMB 654.2 million from RMB 620.1 million in 2023, while total liabilities rose to RMB 229.3 million from RMB 183.7 million[6]. - Current assets rose to RMB 557,241 thousand in 2024, up from RMB 512,668 thousand in 2023, indicating an increase of about 8.7%[27]. - Total liabilities increased to RMB 229,277 thousand in 2024 from RMB 183,672 thousand in 2023, marking an increase of around 24.8%[28]. - Total equity decreased to RMB 424,913 thousand in 2024 from RMB 436,451 thousand in 2023, showing a decline of about 2.6%[28]. - Non-current assets decreased to RMB 96,949 thousand in 2024 from RMB 107,455 thousand in 2023, representing a decline of approximately 9.7%[27]. Inventory and Receivables - Inventory increased to RMB 123.3 million from RMB 82.7 million in 2023, with inventory turnover period rising from 73 days to 80 days[5]. - Operating and lease receivables decreased to RMB 190.6 million from RMB 205.3 million in 2023, with turnover period increasing from 115 days to 129 days[5]. - Operating receivables decreased from RMB 274,101 thousand in 2023 to RMB 259,847 thousand in 2024, a decline of approximately 5.5%[61]. - Net operating and leasing receivables also fell from RMB 205,290 thousand in 2023 to RMB 190,581 thousand in 2024, representing a decrease of about 7.1%[61]. - The aging analysis of receivables shows that amounts less than 60 days decreased from RMB 155,549 thousand in 2023 to RMB 132,033 thousand in 2024, a drop of around 15.2%[61]. Workforce and Investments - The company has reduced its workforce to 270 employees as of December 31, 2024, down from 567 employees in 2023, indicating a significant reduction in headcount[24]. - The company is investing RMB 30 million in the Fuhua Fund, which focuses on strategic emerging industries, representing approximately 6% of the total committed capital of the fund[18]. - The investment in SigmaSense, LLC, valued at approximately RMB 4.2 million, accounts for about 4.7% of the company's total assets as of December 31, 2024[17]. - Capital expenditures totaled RMB 11,165,000, with RMB 2,319,000 attributed to the Digital Industrial Business and RMB 8,846,000 to the Digital Life Business[41]. Corporate Governance and Compliance - The company does not recommend any final dividend for the year ended December 31, 2024[2]. - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange regulations, with some deviations noted[65]. - The audit committee reviewed the financial performance and compliance with accounting policies for the year ending December 31, 2024[70]. - The company has not engaged in any purchase, sale, or redemption of its listed securities during the year ending December 31, 2024[69]. - The annual report will be published and made available to shareholders and on the company's website in due course[72].
云智汇科技(01037) - 2024 - 年度业绩