Financial Performance - The company recorded revenue of approximately RMB 2,822.9 million for the year ended December 31, 2023, an increase of about 94.6% compared to approximately RMB 1,450.4 million for the year ended December 31, 2022[17]. - The net profit after tax increased approximately 3.8 times to about RMB 31.0 million for the year ended December 31, 2023, up from approximately RMB 6.4 million for the year ended December 31, 2022[17]. - Total revenue for the year ended December 31, 2023, was RMB 2,822,921 thousand, an increase of 94.5% from RMB 1,450,377 thousand in 2022[43]. - Gross profit for the same period was RMB 299,588 thousand, with a gross margin of 10.6%, down from 14.0% in the previous year[43]. - Net profit for the year was RMB 31,016 thousand, compared to RMB 6,361 thousand in 2022, representing a significant increase[43]. - The company reported a total comprehensive income of RMB 30,505,000 for 2023, compared to RMB 4,175,000 in 2022, marking a growth of 629.5%[45]. - The company reported a basic and diluted earnings per share of RMB 3.24 for the year ended December 31, 2023, compared to RMB 0.65 in 2022[43]. Revenue Breakdown - Revenue from printed circuit board assembly increased by 93.1% to RMB 55.6 million, driven by higher customer orders[24]. - Revenue from mobile phones increased by 107.6% from RMB 1,029.8 million for the year ended December 31, 2022, to RMB 2,137.7 million for the year ended December 31, 2023, mainly due to increased sales in China and India[124]. - Revenue from IoT-related products increased by 63.2% from RMB 296.5 million for the year ended December 31, 2022, to RMB 483.8 million for the year ended December 31, 2023, primarily due to increased sales orders from two major customers in China[125]. - Revenue from China alone surged to RMB 1,742,400 thousand in 2023, up from RMB 509,101 thousand in 2022, marking a growth of 242.5%[82]. - Revenue from India grew by 14.0%, increasing from RMB 757.8 million in 2022 to RMB 863.6 million in 2023, attributed to rising smartphone demand[103]. - Revenue from Pakistan rose from zero in 2022 to RMB 131.8 million in 2023, mainly due to enhanced marketing efforts and expanded sales territories[104]. Expenses and Liabilities - Administrative expenses remained relatively stable at RMB 64.3 million for the year ended December 31, 2023, compared to RMB 64.9 million for the year ended December 31, 2022[18]. - The total employee costs for the year amounted to RMB 144,969 thousand, slightly up from RMB 141,543 thousand in the previous year[86]. - The total tax expense for 2023 was RMB 8,931 thousand, significantly higher than RMB 3,464 thousand in 2022[85]. - Financing costs increased by 96.1% from RMB 18.3 million for the year ended December 31, 2022, to RMB 35.8 million for the year ended December 31, 2023, primarily due to increased interest on bank acceptance notes and factoring loans[133]. - The company’s total liabilities included current liabilities of RMB 5,890 million and non-current liabilities of RMB 2,425 million as of the reporting date[20]. Assets and Cash Flow - The company’s cash and cash equivalents stood at RMB 67,951,000 in 2023, compared to no cash reported in 2022[46]. - The total amount of trade receivables and notes receivable as of December 31, 2023, was approximately RMB 814.7 million, significantly up from RMB 194.2 million in 2022[105]. - The group recorded operating cash flow of RMB 1,573.1 million, an increase from RMB 555.9 million for the year ended December 31, 2022[139]. - The group’s net current assets as of December 31, 2023, amounted to RMB 272.8 million, up from RMB 225.7 million as of December 31, 2022[140]. - Trade receivables and notes receivable totaled RMB 808,830,000 in 2023, a significant rise from RMB 191,704,000 in 2022[46]. Stock Options and Corporate Governance - The company had a total of 75,100,000 and 100,000,000 stock options granted as of January 1, 2023, and December 31, 2023, respectively[1]. - The stock option plan allows for a maximum of 10% of the total issued shares, equivalent to 100,000,000 shares[172]. - The expected volatility for the stock options is set at 53.00%[175]. - The exercise price for the stock options is fixed at HKD 0.51[175]. - The company has established an audit committee consisting of three independent non-executive directors, ensuring compliance with the corporate governance code[179]. - The company has adopted a set of corporate governance standards in compliance with the listing rules, adhering to the corporate governance code as of December 31, 2023[177]. Future Plans and Market Strategy - The company plans to continue expanding its product offerings in smart devices and IoT-related products[36]. - The company aims to enhance R&D capabilities and diversify its product offerings to maximize shareholder value amid challenges and opportunities in the ODM smartphone market[99]. - The company plans to leverage the rapid rollout of 5G networks globally to drive demand for smartphones and IoT products[99].
SPROCOMM INTEL(01401) - 2023 - 年度业绩