Revenue Performance - For the year ended December 31, 2023, the total revenue of the group was approximately RMB 341.4 million, a slight decrease of about RMB 2.1 million or approximately 0.6% compared to RMB 343.5 million for the year ended December 31, 2022[2]. - Revenue from property management services accounted for 84.9% of total revenue, while revenue from property developer-related services and value-added services accounted for 2.8% and 12.3%, respectively[2]. - Revenue from property developer-related services decreased by approximately RMB 9.1 million or about 48.4% to RMB 9.7 million year-on-year[2]. - Revenue from value-added services increased by approximately RMB 7.4 million or about 21.4% to approximately RMB 41.9 million year-on-year[2]. - Total revenue for the year 2023 was RMB 341,405,000, slightly down from RMB 343,498,000 in 2022, representing a decrease of approximately 0.6%[18]. - Revenue from property management services was RMB 289,885,000 in 2023, compared to RMB 290,233,000 in 2022, indicating a marginal decline of 0.1%[18]. - Revenue from value-added services increased to RMB 41,869,000 in 2023, up from RMB 34,492,000 in 2022, reflecting a growth of approximately 21.0%[18]. - Revenue from residential properties was RMB 240.0 million, accounting for 82.8% of the total revenue from property management services[60]. - The geographical distribution of revenue showed that Beijing contributed RMB 93.2 million, accounting for 32.1% of total revenue[62]. Financial Performance - The total comprehensive loss for the year was approximately RMB 13.7 million, a significant improvement from a loss of RMB 51.9 million in the previous year[2]. - The gross profit for the year was RMB 61.7 million, down from RMB 67.0 million in the previous year, reflecting a decrease of approximately 8.5%[4]. - The basic loss per share for the year was RMB 3.47, compared to RMB 12.81 in the previous year, indicating a reduction in loss per share[4]. - The company reported a pre-tax loss of RMB 14,048,000 in 2023, compared to a loss of RMB 51,909,000 in 2022, representing a significant improvement[24]. - The company reported a net loss attributable to shareholders of RMB 14,048,000 for the year ended December 31, 2023[24]. - The company’s gross profit for the year ended December 31, 2023, was approximately RMB 61.7 million, a decrease of about RMB 5.3 million or 7.9% from RMB 67.0 million in the previous year[68]. - The gross profit margin decreased to 18.1% for the year ended December 31, 2023, down from 19.5% in the previous year, primarily due to a significant reduction in higher-margin non-residential property income[68]. Assets and Liabilities - The net assets of the company increased to RMB 235.9 million from RMB 212.8 million in the previous year, representing a growth of approximately 10.9%[6]. - The total assets decreased to RMB 303.3 million from RMB 315.1 million, a decline of approximately 3.9%[6]. - Trade and other receivables increased to RMB 95.1 million from RMB 86.4 million, reflecting an increase of approximately 10.0%[6]. - The company’s total liabilities as of December 31, 2023, were approximately RMB 203.6 million, slightly up from RMB 203.5 million as of December 31, 2022[80]. - The company’s property, plant, and equipment decreased by approximately RMB 4.5 million or 10.8% to approximately RMB 37.2 million as of December 31, 2023, mainly due to depreciation[81]. - The company’s intangible assets decreased by approximately RMB 3.2 million or 20.3% to approximately RMB 12.6 million as of December 31, 2023, primarily due to amortization[82]. - As of December 31, 2023, trade and other payables amounted to RMB 115.6 million, a decrease of approximately RMB 10.8 million or about 8.5% compared to RMB 126.4 million on December 31, 2022[92]. Employee and Operational Metrics - As of December 31, 2023, the group had a total of 846 employees, with employee costs amounting to approximately RMB 138.0 million for the fiscal year[106]. - Total employee costs decreased from RMB 143,939,000 in 2022 to RMB 138,029,000 in 2023, a reduction of approximately 4%[23]. - The company has 157 properties held for sale as of 2023, down from 193 in 2022, indicating a reduction in available inventory[26]. - The company managed 59 residential projects with a total revenue gross floor area of approximately 12.0 million square meters, accounting for 93.3% of the total revenue gross floor area[48]. Governance and Compliance - The company has adhered to all applicable corporate governance code provisions, except for the deviation regarding the separation of the roles of the chairman and CEO, which is deemed appropriate at this stage of development[110]. - The audit committee, consisting of members including Mr. Chan Cheung Tat (Chairman), has reviewed the accounting principles and practices adopted by the group, as well as risk management and internal controls[116]. - The group’s auditor, KPMG, has agreed that the figures in the announcement align with the audited consolidated financial statements for the fiscal year ending December 31, 2023[117]. Future Outlook - Looking ahead to 2024, the company aims to broaden service boundaries and explore new development paths and growth points[56]. - The company plans to maintain high-quality sustainable development while actively promoting green and low-carbon lifestyles[55].
烨星集团(01941) - 2023 - 年度业绩