Financial Position and Liquidity - The total bank and other borrowings of the group as of December 31, 2023, amounted to RMB 2,857,782,000, with RMB 2,815,782,000 due for repayment within the next twelve months[7] - The cash and cash equivalents as of December 31, 2023, were only RMB 203,689,000, indicating a significant liquidity concern[7] - There are significant uncertainties regarding the group's ability to continue as a going concern due to the mismatch between liabilities and cash reserves[7] Audit and Financial Reporting - The independent auditor's report confirmed that the consolidated financial statements reflect the group's financial position and performance accurately as of December 31, 2023[6] - The financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards[6] - The independent auditor did not provide any modifications to their opinion regarding the financial statements despite the noted uncertainties[6] Company Developments and Announcements - The company has not disclosed any new product developments or technological advancements in the recent announcements[3] - No information regarding market expansion or mergers and acquisitions was provided in the latest financial disclosures[3] - The company has reiterated that all other information in the annual performance announcement remains unchanged[7] - The announcement was made on April 2, 2024, by the chairman of the company, Bai Xuan Kui[8]
辰兴发展(02286) - 2023 - 年度业绩