Wave Digital Enterprises publishes its annual report for the fiscal year ending December 31, 2023. The report shows that the company's main business includes management software development, cloud services and sales of IoT solutions. Revenue for the full year 2023 reached RMB82.94 billion, and net profit attributable to the Company's shareholders was RMB2.02 billion. The Company proposes to distribute an interim dividend of RMB 0.03 per ordinary share, pending approval by the Annual General Meeting. In terms of financial condition, the company's net worth was RMB20.98 billion, net of current liabilities was RMB24.09 billion. Year-end cash and cash equivalents are RMB 12.65 billion. As major shareholders of the company, Wave Group and its subsidiaries hold approximately 37.50% of the issued share capital. The report also includes...Show More

Wave Digital Enterprises publishes its annual report for the fiscal year ending December 31, 2023. The report shows that the company's main business includes management software development, cloud services and sales of IoT solutions. Revenue for the full year 2023 reached RMB82.94 billion, and net profit attributable to the Company's shareholders was RMB2.02 billion. The Company proposes to distribute an interim dividend of RMB 0.03 per ordinary share, pending approval by the Annual General Meeting. In terms of financial condition, the company's net worth was RMB20.98 billion, net of current liabilities was RMB24.09 billion. Year-end cash and cash equivalents are RMB 12.65 billion. As major shareholders of the company, Wave Group and its subsidiaries hold approximately 37.50% of the issued share capital. The report also includes important accounting policies and notes prepared in accordance with the Hong Kong Financial Reporting Standards (HKFRS). Key audit matters mentioned in the annual report include revenue confirmation of software development contracts and valuation of investable real estate. The Company implemented the new and revised HKFRS during the fiscal year, which did not significantly affect the financial statements.