北森控股2023/2024年度报告

北 森 控 股 有 限 公 司B e i s e nH o l d i n g L i m i te d* （ 於開曼群島註冊成立的有限公司）(A company incorporated in the Cayman Islands with limited liability)Stock Code 股份代號 : 9669 2023/2024ANNUAL REPORT年 度 報 告 *僅供識別*for identification purpose only ICORPORATE INFORMATION2IIFINANCIAL HIGHLIGHTS5IIICHAIRMAN’S STATEMENT7IVMANAGEMENT DISCUSSION AND ANALYSIS11VDIRECTORS AND SENIOR MANAGEMENT40VIDIRECTORS’ REPORT46VIICORPORATE GOVERNANCE REPORT93VIIIINDEPENDENT AUDITOR’S REPORT119IXCONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS125XCONSOLIDATED STATEMENT OF FINANCIAL POSITION127XICONSOLIDATED STATEMENT OF CHANGES IN (DEFICITS)/EQUITY129XIICONSOLIDATED STATEMENT OF CASH FLOWS131XIIINOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS133XIVDEFINITIONS234XVGLOSSARY OF TECHNICAL TERMS239 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Wang Zhaohui(Chairman)Mr. Ji Weiguo(Chief Executive Officer)Ms. Liu Xianna(Chief Financial Officer) Independent Non-executive Directors Mr. Du KuiMr. Zhao HongqiangMr. Ge Ke AUDIT COMMITTEE Mr. Zhao Hongqiang(Chairman)Mr. Ge KeMr. Du Kui REMUNERATION COMMITTEE Mr. Ge Ke(Chairman)Mr. Ji WeiguoMr. Du Kui NOMINATION COMMITTEE Mr. Wang Zhaohui(Chairman)Mr. Ge KeMr. Du Kui JOINT COMPANTY SECRETARIES ACG (CS, CGP)HKACG (CS, CGP) Ms. Liu XiannaMs. Au Wai Ching ACG (CS, CGP), HKACG (CS, CGP) AUTHORIZED REPRESENTATIVES ACG (CS, CGP)HKACG (CS, CGP) Ms. Liu XiannaMs. Au Wai Ching ACG (CS, CGP), HKACG (CS, CGP) REGISTERED OFFICE PO Box 309, Ugland HouseGrand Cayman KY1–1104Cayman Islands PO Box 309, Ugland HouseGrand Cayman KY1–1104Cayman Islands CORPORATE INFORMATION HEADQUARTERS AND PRINCIPAL PLACE OF BUSINESS INTHE PRC 6883303001–03006 03001–03006, Level 3, Building 3No. 688 Middle Tianfu AvenueChengdu High-tech ZonePilot Free Trade Zone, Sichuan ProvincePRC Room 710, Building 1No. 35 Shangdi East RoadHaidian District, BeijingPRC 351710 PRINCIPAL PLACE OF BUSINESS IN HONG KONG 40th Floor, Dah Sing Financial CentreNo. 248 Queen’s Road EastWanchaiHong Kong 24840 PRINCIPAL SHARE REGISTRAR Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket Square, Grand Cayman KY1–1102Cayman Islands Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket Square, Grand Cayman KY1–1102Cayman Islands HONG KONG BRANCH SHARE REGISTRAR Computershare Hong Kong Investor Services Limited 183171712–1716 Shops 1712–171617th Floor Hopewell Centre183 Queen’s Road EastWanchaiHong Kong HONG KONG LEGAL ADVISER Han Kun Law Offices LLPRooms 4301-10, 43/FGloucester Tower, The Landmark15 Queen’s Road CentralHong Kong 15434301-10 AUDITOR KPMG8th Floor, Prince’s Building10 Chater RoadCentral, Hong Kong CORPORATE INFORMATION COMPLIANCE ADVISOR 18127 Guotai Junan Capital Limited27/F, Low Block, Grand Millennium Plaza181 Queen’s Road CentralHong Kong PRINCIPAL BANKS Sichuan branch, Bank of China LimitedNo. 35, Middle Renmin Road (2 Duan)Qingyang DistrictChengdu, Sichuan ProvincePRC 35 18B Chaoyang branch in Beijing, Bank of China Limited Block B, Jiacheng BuildingNo. 18 Xiaguang Lane, Dongsanhuan North RoadChaoyang DistrictBeijingPRC STOCK CODE 9669 9669 www.beisen.com COMPANY WEBSITE www.beisen.com FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS Overall Financial Data 2024331854.713.8% Revenue was RMB854.7 million for the year ended 31 March 2024, representing a year-on-year increase of 13.8%. 20243 313,208.623.5% Loss for the year was RMB3,208.6 million for the year ended 31 March 2024, representinga year-on-year increase of 23.5%. 2024331105.464.9% Adjusted net loss was RMB105.4 million for the year ended 31 March 2024, representing ayear-on-year decrease of 64.9%. HCM Cloud-based HCM Solutions Revenue generated from subscriptions to our cloud-based HCM solutions was RMB632.2million for the year ended 31 March 2024, representing a year-on-year increase of 17.7%and accounting for 74.0% of the total revenue. 20243 31HCM632.217.7%74.0% Professional Services Revenue generated from our professional services was RMB222.5 million for the yearended 31 March 2024, representing a year-on-year increase of 4.1% and accounting for26.0% of the total revenue. 2024331222.54.1%26.0% Operating Cash Flow Net cash used in operating activities was RMB82.5 million for the year ended 31 March2024, representing a year-on-year decrease of 44.6%. 202433182.544.6% Rounding Adjustments In this annual report, certain amounts and percentage figures have been subjectto rounding adjustments, or have been rounded to one or two decimal places. Anydiscrepancies in any tables, chats or elsewhere between total and sums of amounts listedtherein are due to rounding. CHAIRMAN’S STATEMENT Dear shareholders, For the year ended 31 March 2024, Our total revenue was RMB854.7 million, representinga year-on-year increase of 13.8%, of which the proportion of the revenue from cloud basedHCM solutions increased to 74%, representing a year-on-year increase of 17.7%. 2024331854.713.8%