2023-07-20-港交所-元力控股_2023年年报_190页_2mb

2023 Annual Report Summary

Core Content

This document is the 2023 Annual Report of OneForce Holdings Limited (the "Company"), which includes comprehensive information about the Group's corporate structure, governance, financial performance, and strategic direction. The report is presented in both English and Chinese, reflecting the Group's operations in China and international markets.

Main Points

Group Structure

• The Group is incorporated in the Cayman Islands, British Virgin Islands, and Hong Kong, China.
• It has a registered office in Grand Cayman and a principal place of business in Beijing, China.
• The Group also maintains a Hong Kong branch share registrar in Hong Kong.

Board and Committees

• The Board consists of Executive Directors and Independent Non-executive Directors.
• WANG Dongbin is the Chairman and an Executive Director.
• WU Zhanjiang is the Chief Executive Officer and an Executive Director.
• WU Hongyuan is the Executive President.
• Li Kangying is an Executive Director.
• The independent non-executive directors include NG Kong Fat, HAN Bin, and WANG Peng.
• The Audit Committee, Nomination Committee, and Remuneration Committee are all chaired by independent directors.

Senior Management

• LI Yanmin is the Deputy General Manager, responsible for project management of software systems and hardware.
• ZHOU Renzhi is the Chief Financial Officer, with over 10 years of experience in accounting, financial management, and capital operations.
• HUI Yin Shan is the Company Secretary, with over 18 years of experience in corporate services.

Chairman's Statement

• The Group has embarked on a second growth curve by leveraging digital technology to provide smart energy and smart life services.
• The Group has made progress in the smart energy and smart city IoT sectors.
• The Group has responded to the challenges of 2023 by focusing on innovation, transformation, and reconstruction.
• The Group aims to become the world's leading smart energy and smart life service provider.

CEO's Review and Management Discussion and Analysis

• The Group is an information technology service provider, focusing on smart energy and smart city IoT.
• The Group has developed its own intelligent IoT product, π Core, which provides access to power and network and supports smart city applications.
• The Group has a comprehensive technical system covering platform R&D, big data operation, system software development, cloud computing, IoT, etc.
• The Group has obtained several certifications and qualifications, including CMMI Level 5, ISO 9000/14000/20001/27000, and has 59 test reports, 25 national patents, and 172 software copyrights.
• The Group is deeply involved in the smart grid and smart city projects, with long-term cooperation with state grid and Inner Mongolia Electric Power Company.

Key Information

Financial Highlights

• Revenue Breakdown by Business Segment:
  • Sale of software and solutions: RMB 94,018,000 (2023) vs RMB 81,143,000 (2022)
  • Provision of technical services: RMB 290,120,000 (2023) vs RMB 239,743,000 (2022)
  • Sale of products: Data not fully provided, but shows growth compared to 2022.

Industry Overview

• Smart Energy:
  • The Group is deeply involved in the smart energy industry, providing customized digital transformation services.
  • The Group has launched smart city projects such as smart light poles in Beijing and smart garbage sorting stations in Jinan and Baoding.
  • The Group is committed to digital transformation and upgrading of traditional industries.
• Smart City IoT:
  • The Group has developed the π Core IoT gateway, which is a key product in the smart city IoT industry.
  • The Group has been involved in the development of the digital economy, particularly in data element integration and application.

Strategic Outlook

• The Group plans to further integrate digital technology with the real economy.
• It aims to promote digital transformation and upgrading of traditional industries.
• The Group seeks to seize new opportunities in the context of technological revolution and industrial transformation.
• It is committed to becoming a world-leading smart energy and smart life service provider.

Conclusion

The 2023 Annual Report of OneForce Holdings Limited highlights the Group's strategic focus on smart energy and smart city IoT, its strong technical capabilities, and its financial performance. The Group has made significant progress in both business segments and has demonstrated its commitment to innovation and digital transformation.