千循科技二零二四年年报

（於開曼群島註冊成立的有限公司）股份代號：1640） PageFinancial Summary2Corporate Information3Chairman’s Statement5Management Discussion and Analysis7Directors and Senior Management16Corporate Governance Report20Directors’ Report46Independent Auditors’ Report60Consolidated Statement of Profit or Loss and Other Comprehensive Income67Consolidated Statement of Financial Position68Consolidated Statement of Changes in Equity69Consolidated Statement of Cash Flows70Notes to Consolidated Financial Statements71Five Years Financial Summary140Glossary141Contents目錄 Financial Summary財務摘要 Corporate Information公司資料 DIRECTORS Executive Directors 20246212025312024621 Mr. Sun Changpeng(Chairman of the Board) (appointed on 21 June 2024)Mr. Leng Xuejun(Vice Chairman of the Board)Ms. Wang Xin(removed on 1 March 2025)Ms. Li Na(resigned on 21 June 2024) Independent Non-executive DirectorsMr. Niu Zhongjie(appointed on 21 June 2024) 20246212024932024932024932024932024621 Ms. Lam Hoi Yan Karen(appointed on 3 September 2024)Mr. Wong Sincere(appointed on 3 September 2024)Mr. Li Xue(resigned on 3 September 2024)Mr. Wu Ke(resigned on 3 September 2024)Mr. How Sze Ming(resigned on 21 June 2024) AUDIT COMMITTEE 2024932024621202493 Ms. Lam Hoi Yan Karen(Chairlady) (appointed on 3 September 2024)Mr. Niu Zhongjie(appointed on 21 June 2024)Mr. Wong Sincere(appointed on 3 September 2024) REMUNERATION COMMITTEE 20249320246212024621 Mr. Wong Sincere(Chairman) (appointed on 3 September 2024)Mr. Sun Changpeng(appointed on 21 June 2024)Mr. Niu Zhongjie(appointed on 21 June 2024) NOMINATION COMMITTEE 2024621202493202493 Mr. Sun Changpeng(Chairman) (appointed on 21 June 2024)Mr. Wong Sincere(appointed on 3 September 2024)Ms. Lam Hoi Yan Karen(appointed on 3 September 2024) AUTHORISED REPRESENTATIVES 202493202493 Mr. Leng XuejunMr. Yu Kin Man Duncan(appointed on 3 September 2024)Ms. Wang Xin(resigned on 3 September 2024) COMPANY SECRETARYMr. Yu Kin Man Duncan(appointed on 3 September 2024) 202493202493 Mr. Leng Xuejun(resigned on 3 September 2024) REGISTERED OFFICE 190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands 190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESSIN THE PRC 32151716-01 1716-01, 15th Floor,No. 32 Liangmaqiao Road,Chaoyang District, Beijingthe PRC PRINCIPAL PLACE OF BUSINESS IN HONG KONGFlat 2917, 29/F,1 Hung To Road,Kwun Tong,Hong Kong 1292917 Corporate Information公司資料 CAYMAN ISLANDS PRINCIPAL SHARE REGISTRAR ANDTRANSFER AGENT Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands 3382333301-04 HONG KONG BRANCH SHARE REGISTRAR Union Registrars LimitedSuites 3301-04, 33/F.Two Chinachem Exchange Square338 King’s Road North Point,Hong Kong 8191903A-1905 AUDITOR Prism Hong Kong Limited(formerly known as Prism Hong Kong and Shanghai Limited)Units 1903A-1905, 19/F,8 Observatory Road,Tsim Sha Tsui, Kowloon, Hong Kong PRINCIPAL BANKSIndustrial and Commercial Bank of China (Asia)Bank of BeijingAgricultural Bank of China Limited 1640 STOCK CODE1640 www.fprice.cn COMPANY WEBSITEwww.fprice.cn 20191112 LISTING PLACEThe Stock Exchange of Hong Kong Limited DATE OF LISTING12 November 2019 Chairman’s Statement主席致辭 MARKET OVERVIEW 202320242025 The overall consumption level in China maintained a steady recoverycompared to 2023. However, according to relevant data from the NationalBureau of Statistics (NBS), the year-on-year growth rate of monthly retailsales of social consumer goods showed a slowdown and advertisers’budgets and preferences were more significantly affected by the macro-economy. Therefore, the Group’s advertising business experienced adecline in revenue and gross profit in 2024. In outlook for 2025, theoverall growth of the advertising industry is expected to be limited, withadvertisers tending to exercise caution and prudence when making theirmarketing budgets. 20248246.2SaaS3.0 Against the backdrop of global economic fluctuations and changingconsumption trends, consumer downgrading has become increasinglyprominent, while the second-hand economy is experiencing explosivegrowth. This type of economy, as a new engine of economic developmentand a key drive of sustainable development, is receiving unprecedentedattention. Due to the uncertain growth of the advertising industry, theGroup completed the acquisition of “Qian Xun Technology”, a tradingand service platform for used electronic products, in August 2024 tostrengthen the Group’s revenue streams and diversify its revenue sources.Since the acquisition, the Group has recognised sales turnover for usedelectronic products of approximately RMB246.2 million and provisionof SaaS service income of approximately RMB3.0 million, which alsocontributed to the Group’s segment profit immediately. At the historical convergence of the advertising industry’s slowdown andthe deepening