Financial Performance - For the fiscal year ending December 31, 2023, the revenue from continuing operations increased to RMB 24,845,816,000, representing a growth of approximately 16% from RMB 21,718,371,000 in 2022[1] - The gross profit from sales and services was RMB 3,541,723,000, compared to RMB 3,314,344,000 in the previous year[1] - Operating profit decreased significantly to RMB 687,031,000 from RMB 1,662,306,000 in 2022[1] - The company reported a loss before tax of RMB 444,860,000, compared to a profit of RMB 714,729,000 in the previous year[2] - The loss from continuing operations was RMB 455,449,000, a decline from a profit of RMB 267,123,000 in 2022[3] - Total comprehensive loss for the year was RMB 455,449,000, compared to a profit of RMB 408,696,000 in the previous year[4] - The company recognized other income of RMB 410,329,000, down from RMB 430,385,000 in 2022[27] - The company reported a pre-tax loss from continuing operations of RMB (444,860,000) for the year ending December 31, 2023[36] - The company reported a significant increase in prepayments to RMB 1,325,068 thousand in 2023, compared to RMB 1,065,817 thousand in 2022, an increase of approximately 24.4%[58] - The company reported a net loss attributable to equity shareholders of RMB 950,538,000 for the year ended December 31, 2023, compared to RMB 160,981,000 in 2022[155] Revenue Segments - The revenue from the new energy segment, which includes the sale of gear products, was RMB 17,055,230,000, compared to RMB 15,733,627,000 in 2022[23] - The total revenue from external customers across various segments reached RMB 24,845,816, with the largest contribution from the New Energy segment at RMB 24,077,148[36] - The revenue from the sale of subsidiaries in 2023 was RMB 2,449,000, compared to RMB 8,026,000 in 2022, representing a decrease of approximately 69.5%[30] - Revenue from green building services and construction services was approximately RMB 443,000 in 2023, down from RMB 2,017,000 in 2022, indicating a decline in this segment[99] Costs and Expenses - The cost of sales and services rose to RMB 21,304,093,000, an increase of RMB 2,900,066,000 or 16% from RMB 18,404,027,000 in 2022[16] - Total expenses for the reporting period amounted to RMB 23,807,365, an increase from RMB 20,596,418 in the previous year, representing a growth of approximately 10.7%[1] - Cost of goods sold reached RMB 19,133,831, compared to RMB 16,232,978 in the prior year, indicating an increase of about 17.6%[1] - The company’s total employee benefits expenses increased to RMB 2,172,443 from RMB 1,884,147, marking a rise of approximately 15.3%[1] - The company’s research and development costs were RMB 904,473, up from RMB 744,816, representing an increase of about 21.4%[1] Asset Management - The total assets as of December 31, 2023, amounted to RMB 54,510,094, while total liabilities were RMB 37,072,084, resulting in a net asset position[36] - The impairment loss on property, plant, and equipment decreased to RMB (4,931,000) in 2023 from RMB (18,331,000) in 2022, showing an improvement in asset management[30] - The company’s total classified assets reached RMB 43,518,291, with the New Energy segment holding the largest share at RMB 32,529,027[36] - Non-current assets located in China increased to RMB 18,132,074 in 2023 from RMB 16,049,150 in 2022, showing a growth of about 12.9%[44] - The company’s total assets as of December 31, 2022, were RMB 55,229,834, up from RMB 44,258,711 in 2021, reflecting a growth of approximately 24.8%[48] Liabilities and Financial Obligations - The company’s total liabilities as of December 31, 2022, were RMB 37,109,586, an increase from RMB 20,183,635 in the previous year, indicating a rise in financial obligations[48] - The company’s overdue borrowings amounted to RMB 2,206,636,000, with overdue interest of RMB 140,827,000 recognized, compared to RMB 335,363,000 and RMB 14,470,000 in the previous year, respectively[118] - The company’s total liabilities decreased to RMB 29,511,143 thousand in 2023 from RMB 30,181,512 thousand in 2022, a reduction of about 2.2%[59] - The company’s total liabilities decreased from RMB 10,387,604,000 in 2022 to RMB 7,625,165,000 in 2023, indicating a reduction of approximately 26.7%[189] - The group has a total secured borrowings amounting to RMB 3,346,246,000 for current liabilities and RMB 3,697,600,000 for non-current liabilities as of December 31, 2023, compared to RMB 2,661,941,000 and RMB 3,142,417,000 respectively in 2022[196] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1] - The group plans to maintain stable development across its sectors while focusing on high-quality health projects for prudent investments in 2024[103] - The group emphasizes that a diversified business portfolio will provide stable income and synergistic effects for its development[103] - The group is committed to improving its business portfolio and cash flow by exiting low-return projects[103] Shareholder Information - The basic and diluted loss per share for 2023 was RMB 1.722, compared to RMB 0.669 in 2022, reflecting increased losses per share[79] - The weighted average number of ordinary shares issued for the year ended December 31, 2023, was 551,864,890, an increase from 452,213,068 in 2022[156] - The company approved a share consolidation of 1 share for every 50 shares on November 30, 2023, effective December 4, 2023[135] - The weighted average number of ordinary shares issued as of December 31, 2023, was adjusted to account for 17,521,400 shares from the share incentive plan and 5,306,000,000 new shares issued after the share subscription completed on October 19, 2023[136] Legal and Compliance Issues - The group has faced financial responsibilities related to the sale of subsidiary equity and certain overdue loans, leading to the freezing of some investment properties by Chinese courts[88] - The group has established a settlement agreement with Jiangsu Anke, but has failed to comply with the repayment schedule[195] - The group believes that the outstanding liabilities can be settled through internal funds or the sale of non-core assets without significant impact on operations[194]
丰盛控股(00607) - 2023 - 年度业绩