Our revenue decreased by 4.0% from RMB350.8 million in 2022 to RMB336.8 million in 2023, primarily due to a 10.4% decrease in average revenue per customer from approximately RMB528.0 thousand in 2022 to RMB474.0 thousand in 2023.
Summary · 第 12 页
Our profit for the year decreased by 9.4% from RMB54.0 million in 2022 to RMB48.9 million in 2023, primarily due to (i) decrease in our revenue from RMB350.8 million in 2022 to RMB336.8 million in 2023, and (ii) increase in our cost of sales from RMB149.8 million in 2022 to RMB156.6 million in 2023, partially offset by the decrease of fair value losses on financial liabilities at FVTPL from RMB67.1 million in 2022 to RMB45.4 million in 2023.
Summary · 第 14 页
The healthcare industry experienced a general decline in terms of the amount of financing in recent years, forcing industry players (including our customers) to reduce their NCE development pipeline to focus on fewer pipeline products with more potential of commercialization success.
佛山市海天调味食品股份有限公司FOSHAN HAITIAN FLAVOURING AND FOOD COMPANY LTD.03288.HK
2023年收入较2022年下降，2024年回升
For example, in 2022, consumers had to reduce dining out, which affected the catering industry, leading to a slowdown in the overall inventory turnover of condiments and a residual impact on the overall sales of condiments in 2023.
Financial Information · 第 268 页
Whilst these strategic adjustments had certain short-term impacts on our product sales in 2023 as we witnessed a decrease in revenue compared to 2022, they gradually took effect and we recorded a revenue growth in 2024.
Financial Information · 第 268 页
Our revenue from product sales increased from RMB22,815.1 million in 2023 to RMB25,127.8 million in 2024.
Our profit for the year decreased by RMB147.6 million, or 44.5%, from RMB332.1 million in 2023 to RMB184.5 million in 2024, mainly due to a decrease in the revenue derived from our cross-border social e-commerce business.
Summary · 第 11 页
Our total revenue decreased by RMB1,165.4 million, or 17.4%, from RMB6,694.7 million in 2023 to RMB5,529.3 million in 2024, primarily because in 2024, we adjusted personnel and resources to initiate our sales expansion into other under-penetrated areas within Europe, and to develop and promote our own brands under our cross-border social e-commerce business.
Summary · 第 14 页
In 2024, the depreciation of Japanese yen and South Korean won against Renminbi, and our reduced selling prices for certain products in such areas, led to our lower average selling price per order recognized in Renminbi in such markets.
Such fluctuation was primarily due to less sales and marketing efforts in Singapore in light of the optimization of cost structure in 2024, which was evidenced by a significant decrease in sales and marketing expenses related to the promotion of GASTROClear™ in Singapore.
Business · 第 400 页
The revenue generated from sales of LUNGClear™ increased from 2022 to 2023, and decreased from 2023 to 2024.
Our cost of sales as a percentage of revenue was 47.5%, 43.8% and 56.2% for the years ended December 31, 2022, 2023 and 2024, respectively.
In 2024, we recorded decreases in same store sales in all regions.
Business · 第 173 页
Such decreases were primarily due to a general change in consumer behavior to reduce expenses and frequencies of dining out given the current economic environment, which led to decreases in our table turnover rate and average spending per guest in all regions.
Business · 第 173 页
According to CIC, we outperformed the majority of our industry peers in terms same store sales growth in 2024.
海南钧达新能源科技股份有限公司Hainan Drinda New Energy Technology Co., Ltd.02865.HK
2024年收入降至人民币99.24亿元
Our revenue grew from RMB11,085.7 million in 2022 to RMB18,610.8 million in 2023, and decreased to RMB9,923.9 million for 2024.
Summary · 第 6 页
During the Track Record Period, the average selling prices for our products experienced an overall downward trend with fluctuation, which was generally in line with the industry trend.
Financial Information · 第 371 页
The decrease in the gross profit margin of our N-type TOPCon cells in these periods was mainly due to the decrease in the average selling price of our N-type TOPCon cells, which reduced the price difference between silicon wafers and N-type TOPCon cells, and non-silicon costs did not decrease proportionally with the average selling price of our N-type TOPCon cells.
For the nine months ended September 30, 2024, as a result of the general industry slowdown and increased competition as discussed above, we recorded smaller per-store GMV, per-store daily GMV, per-store number of cups sold, per-store daily number of cups sold, average GMV per order, average number of orders per store per day, and average daily GMV per newly opened franchised store as compared to the same period in 2023.
Business · 第 178 页
In response to these changes, we adjusted our business strategy to focus on improving the operating efficiency and business performance of our existing stores, while slowing down the pace of new store openings.
小菜园国际控股有限公司XIAOCAIYUAN INTERNATIONAL HOLDING LTD.00999.HK
2024年前八个月同店销售及利润率下滑
Our same store sales for Xiaocaiyuan restaurants decreased by 11.4% in the eight months ended August 31, 2024 as compared to the same period in 2023.
Summary · 第 2 页
In the eight months ended August 31, 2024 as compared to the same period of 2023, our same store sales for Xiaocaiyuan restaurants decreased by 11.4% and our restaurant-level operating margins decreased from 21.3% to 17.8%, mainly due to (i) the base effect as a result of the rapid surge in spendings of consumers in China’s catering market during the first several months in 2023 following the gradual phasing-out of the COVID-19 pandemic, which was in line with the spending trends in other consumer sectors according to Frost & Sullivan; (ii) our adjustments to the menu item prices to accommodate the preferences of consumers, demonstrating our long-term commitment to bringing cost-effective experience to our customers; for example, in the eight months ended August 31, 2024 as compared to the year of 2023, (a) the average price of Cauldron Cooked Spring Chicken decreased from RMB64.5 to RMB54.9, and (b) the average price of Slate Garlic Prawn decreased from RMB55.7 to RMB53.3; and (iii) some of the newly opened Xiaocaiyuan restaurants in the eight months ended August 31, 2024 were still in their ramp-up period as of August 31, 2024.
During the Track Record Period, our revenue decreased by RMB1,146.8 million or 6.8% from RMB16,871.0 million to RMB15,724.2 million for the year ended December 31, 2022 and increased by RMB4,484.4 million or 28.5% to RMB20,208.6 million for the year ended December 31, 2023.
Financial Information · 第 440 页
Our net profit margin decreased from 1.2% for the year ended December 31, 2023 to 0.5% for the six months ended June 30, 2024 primarily due to an increase in our net realized loss on Au (T+D) contracts and gold loans, which in turn, was a result of a material increase in gold price during the first half of 2024.
Business · 第 216 页
Our sales volume of gold products decreased by 10.4% for the six months ended June 30, 2024 when compared to the same period in 2023, which was better than the industry contraction of 20.2% (as aforementioned).
傲基（深圳）跨境商务股份有限公司AuGroup (SHENZHEN) Cross-Border Business Co., Ltd.02519.HK
2022年收入因亚马逊事件下降
Though our other online stores, product listings and brands on Amazon were not affected, including our popular furniture and home furnishing brands such as ALLEWIE, IRONCK, LIKIMIO and SHA CERLIN and although we have incubated new popular furniture and home furnishing brands such as HOSTACK and FOTOSOK, our GMV from Amazon decreased by 44.1% from RMB8,793.7 million in 2021 to RMB4,911.4 million in 2022.
Business · 第 253 页
Our revenue decreased by 21.7% from RMB9,071.2 million in 2021 to RMB7,100.2 million in 2022.
Business · 第 253 页
Our revenue from sales of goods decreased by 26.3% from RMB8,581.5 million in 2021 to RMB6,325.6 million in 2022, then increased by 11.1% to RMB7,030.4 million in 2023.
For the years ended December 31, 2021, 2022 and 2023 and the four months ended April 30, 2023 and 2024, we generated revenue of US$1,837.4 million, US$2,443.5 million, US$874.6 million, US$318.2 million and US$318.0 million with gross profit margin of 50.7%, 44.7%, negative 3.9%, negative 0.7% and 2.2%, respectively.
Summary · 第 1 页
We recorded a gross loss of US$33.8 million for the year ended December 31, 2023, with a negative gross profit margin of 3.9%, primarily attributable to the decreases in (i) our average freight rates that declined at a pace faster than the decreases in our cost of sales and (ii) our shipping volume mainly as a result of our shipping capacity management.
Summary · 第 2 页
It was mainly because the average cost of key components of cost of sales such as container handling expenses, bunker costs, and container rental and yard expenses, which by their natures were not charged based on or referring to market freight rate, did not fluctuate in line with the movement of our freight rate, and the resulting decrease in revenue did not lead to the same level of decrease in our cost of sales in 2023.
We recorded a 44.8% year-on-year decrease in revenue from sales of LFP cathode materials in 2023, mainly attributable to a significant decrease in average selling price of LFP cathode materials which closely follows the prevailing lithium carbonate market price which experienced sharp decreases during the year.
Summary · 第 3 页
For the six months ended June 30, 2024, we recorded a total revenue of RMB3,568.6 million, representing a decrease from RMB3,814.2 million for the same period in 2023.
中赣通信(集团)控股有限公司Zhonggan Communication (Group) Holdings Limited02545.HK
2022年收入及除税前溢利下滑
The decrease was primarily due to the completion of a substantial portion of the provincial transmission pipeline construction engineering project in 2021.
Business · 第 202 页
Also, the COVID-19 pandemic presented challenges for the Group as its customer placed fewer work orders, which impacted the Group’s revenue from the Central Region during the same year.
Business · 第 202 页
Such increase was mainly due to the decrease in revenue as a result of (i) the prioritisation of Software Solution Services over Integrated Solution Services projects in 2022; and (ii) the decrease in work orders placed by the customer for a sizable provincial transmission pipeline engineering construction project.
Our revenue was RMB780.6 million, RMB569.1 million and RMB815.1 million in 2021, 2022 and 2023, respectively.
Business · 第 211 页
In addition, while our total subsidies and user incentives decreased in absolute amount from RMB154.9 million in 2021 to RMB135.1 million in 2022, its proportion of our total revenue increased from 19.9% in 2021 to 23.7% in 2022, as although we took measures to incentivize user activity on our platform, the business volume of our carpooling marketplace and taxi online-hailing services were nevertheless adversely affected by the resurgence of COVID-19 and the noticeable uptick in infections at the end of 2022.
Business · 第 262 页
For instance, we facilitated approximately 130.3 million carpooling rides in 2023, representing an increase of 38.3% from approximately 94.2 million in 2022.
For the years ended December 31, 2021, 2022 and 2023, we generated revenue of RMB2,789.5 million, RMB3,133.8 million and RMB2,677.1 million, respectively, and generated RMB309.1 million, RMB340.5 million and RMB72.9 million, respectively, in net profits for the corresponding periods.
Summary · 第 2 页
Our total revenue decreased by 14.6% from RMB3,133.8 million in 2022 to RMB2,677.1 million in 2023 due the general decline in market demands for our products coupled with the increase in market supply of toluene oxidation products, resulting in the drop in both sales volume and average selling price of our products.
Summary · 第 2 页
In particular, based on the unaudited management accounts of the Company as of March 31, 2024, our revenue and sales volume for the three months ended March 31, 2024 increased by 15.0% and 6.7%, respectively, as compared to the same period in 2023.
For the year ended 31 December 2023, our Group recorded a drop in revenue of approximately 26.6% as compared to the year ended 31 December 2022.
Summary · 第 25 页
Our Directors are of the view that such decrease was primarily due to the slowdown in the semiconductor industry in the year ended 31 December 2023, which was a short-term adjustment of the semiconductor industry due to factors such as geopolitical tensions and the global macroeconomic downturn and is not expected to be long-term in nature.
Summary · 第 25 页
Our Directors consider the drop in revenue profitability for the year ended 31 December 2023 does not cast doubt on the business sustainability of our Group because (i) our financial performance had been coinciding with market performance and fluctuations and we eventually achieved long-term growth leveraging our resilience and the adaptability of our management; (ii) our diversified customers base can reduce the influence caused by isolated event beyond our control; (iii) there was no structural factor such as substitutes for our products that would impair the demand for our products; and (iv) there was no termination of business relationship with customers during the Track Record Period.
Notwithstanding the increase in our revenue by approximately 28% between FY2020 and FY2021, our business was materially affected in FY2022 by the temporary suspension of business activities of our Laixi Facility as a result of the resurgence of COVID-19 cases in Shandong province between March 2022 to April 2022, leading to decline of revenue by approximately 18.2% between FY2021 and FY2022.
Summary · 第 2 页
The total number of potted vegetable produce sold by the Group increased from approximately 5.9 million pots for the nine months ended 30 September 2022, to approximately 8.0 million pots for the nine months ended 30 September 2023.
Summary · 第 19 页
Operation of Laixi Facility, our largest cultivation base, was suspended for more than a month between March and April 2022, which caused the temporary suspension of our production and sales activities leading to a decrease in revenue in the first two quarters of 2022.
Our revenue decreased from RMB2,727.2 million for 8MFY2023 to RMB2,283.7 million for 8MFY2024, and our profit for the period decreased from RMB236.8 million for 8MFY2023 to RMB162.1 million for 8MFY2024 primarily due to the decrease in average selling price of our KCL.
Summary · 第 3 页
For FY2024, we anticipate that our revenue will be lower than that for FY2023 primarily due to the anticipated decrease in the average selling price of our KCL and SOP in view of the significant decrease in the Sea Import Master Contract Price from US$590 per tonne in February 2022 to US$307 per tonne in June 2023, but partially offset by an increase in sales volume of our KCL and SOP due to the expected increase in demand of our products.
Our Group’s revenue decreased by approximately 29.5% from approximately HK$324.3 million for FY2020 to approximately HK$228.8 million for FY2021, which was mainly attributable to:
Summary · 第 2 页
Our Group recorded a relatively lower gross profit margin of approximately 15.5% for FY2021 as compared to approximately 17.0% and 19.9% for FY2020 and FY2022, respectively, which was mainly due to the unforeseen rescheduling of our construction site works for Project No. #02 in mid-2021 as aforementioned.
Summary · 第 3 页
As a result, to the best estimation of our Directors, our Group had incurred additional costs of approximately HK$3.5 million in aggregate for FY2021 and FY2022 owing to the unexpected complexity encountered from the fabrication and installation of structural steel works involved under Project No. #07.
Our revenue decreased by RMB22.4 million, representing a decrease of 7.9%, from RMB283.5 million for 6M2022 to RMB261.1 million for 6M2023.
Summary · 第 7 页
The decrease was primarily due to the decrease in revenue from education smart robotic products and services of RMB102.3 million resulting from a large sales order to a customer in Shaoyang of RMB66.8 million for promoting the use of STEAM products in schools in Shaoyang, represented total of 12,010 units, which did not recur in 6M2023.
Summary · 第 7 页
In light of the foregoing factors, our revenue and gross profit for the six months ended December 31, 2023 are expected to be substantially higher than that for 6M2023.