Customer Growth - As of December 31, 2023, the total number of cumulative platform customers exceeded 15,300, representing an increase of approximately 20.5% from over 12,700 as of December 31, 2022[2]. - The number of funding partners linked to the platform increased to 131, a growth of 22.4% compared to the same period last year[7]. Financial Performance - The total revenue and income from the group's main business increased by 20.4% year-on-year to RMB 963.5 million, compared to RMB 800.4 million for the year ended December 31, 2022[2]. - The profit after tax increased by approximately 17.2% to RMB 285.5 million, compared to RMB 243.6 million for the year ended December 31, 2022[2]. - Adjusted net profit increased by 16.8% year-on-year to RMB 291.6 million for the year ended December 31, 2023, compared to RMB 249.6 million for the previous year[21]. - The total revenue for the year ended December 31, 2023, was RMB 963,518 thousand, an increase from RMB 800,425 thousand in 2022, representing a growth of approximately 20.4%[83]. - The net profit for the year was RMB 285,545 thousand, compared to RMB 243,608 thousand in 2022, marking a growth of 17.3%[83]. Revenue Breakdown - Technology revenue, including platform service revenue and supply chain technology service revenue, was RMB 170.2 million, a year-on-year increase of approximately 64.8%, accounting for about 17.7% of total revenue[2]. - The income from digital financial solutions increased by approximately 15.7% to RMB 722.8 million, compared to RMB 624.9 million for the year ended December 31, 2022[2]. - Revenue from platform services surged by 105.5% year-on-year, reaching approximately RMB 145.8 million, driven by the expansion of the platform's inclusive matching business[13]. - Revenue from supply chain asset interest income was RMB 701.3 million, accounting for 72.8% of total revenue, with a year-on-year growth of 16.0%[12]. - Revenue from digital financial solutions reached RMB 722,811 thousand in 2023, an increase of 15.7% from RMB 624,871 thousand in 2022, driven by interest income from supply chain assets which accounted for RMB 701,349 thousand[108]. Expenses and Costs - Total operating expenses increased by 18.8% year-on-year to RMB 271.8 million for the year ended December 31, 2023, up from RMB 228.7 million, driven by increased employee costs and depreciation[20]. - Employee costs rose by 22.7% year-on-year to RMB 177.8 million for the year ended December 31, 2023, compared to RMB 144.8 million in 2022[19]. - Depreciation and amortization expenses increased by 10.0% year-on-year to RMB 31.5 million for the year ended December 31, 2023, up from RMB 28.6 million[19]. Cash Flow and Liquidity - The net cash generated from operating activities for 2023 was RMB 1,681.9 million, a significant increase of RMB 2,451.1 million compared to the net cash used in operating activities of RMB 769.2 million for the year ended December 31, 2022[37]. - Cash and cash equivalents increased to RMB 658,210 thousand in 2023 from RMB 577,033 thousand in 2022, showing an increase of 14.1%[87]. - The company reported a net cash inflow from operating activities of RMB 1,681,936 thousand in 2023, a recovery from a net outflow of RMB 769,203 thousand in 2022[91]. Investments and Acquisitions - The company invested approximately RMB 200 million in research and development, with a total of 62 national invention patents and software copyrights as of December 31, 2023[8]. - The company successfully established joint ventures with quality state-owned enterprises in Wuxi, Ningbo, Xiamen, and Qingdao, with expected incremental funds and business scale approaching RMB 20 billion in 2024[7]. - The company acquired a 40% stake in Qingdao Haikong Commercial Factoring Co., Ltd., making it an associate company, with a registered capital of RMB 527 million post-agreement[47]. Shareholder Returns - The board proposed a dividend of HKD 0.269 per share for the year ended December 31, 2023, an increase of 259% compared to HKD 0.075 per share for the year ended December 31, 2022[4]. - The total dividend declared for 2023 was RMB 67,861,000, an increase from RMB 64,712,000 in 2022, marking a rise of 3.3%[118]. Risk Management and Compliance - The group has established comprehensive internal control systems and credit risk control policies for digital financial solutions[29]. - The dual credit approval mechanism is applied in the digital financial solutions business to manage risk exposure effectively[30]. - The group has established foreign exchange risk management strategies, including currency swap contracts and forward contracts, to mitigate exposure related to bank borrowings denominated in HKD and USD[50]. Strategic Focus - The company plans to enhance cooperation with core enterprises in the supply chain ecosystem, expanding collaboration in financing and technology fields, with a business cooperation scale increased from RMB 1 billion to RMB 1.5 billion[6]. - The company continues to focus on strategic partnerships with core enterprises and emerging industries such as new energy and e-commerce to drive growth[35]. - The group aims to become Asia's most trusted supply chain technology platform under the "Dual-Driven + Big Platform" strategy announced in January 2021, focusing on digitalization and digital finance[49]. Employee and Management - The group had 358 employees as of December 31, 2023, down from 377 employees a year earlier[51]. - The group has implemented a comprehensive incentive plan to reward existing senior management and employees, ensuring competitiveness in talent retention[51]. Regulatory and Governance - The company has adhered to the corporate governance code as outlined in the listing rules for the fiscal year ending December 31, 2023[74]. - The board of directors confirmed compliance with the trading standards and the company's code of conduct for securities trading during the fiscal year[68].
盛业(06069) - 2023 - 年度业绩