$30 billion. Consumer Electronics, cloud computing 7% increase to $3 billion. In terms of geographical segments, North Asia decreased by 6% to $56 billion. Southeast Asia up by 2%, reaching $17 billion. Without the foreign exchange factor, our revenue growth remained flat. This page shows you our net debt to total asset ratio, which remained at a very healthy level 0.14. Working capital days, as you can see, inventory days, 59 days, account receivable days, 72 days, account payable days are 78 days, working capital days, 53 days. To show you a detailed introduction of the company, I would like to present to you a video clip.
是亚太区重要的科技产品、渠道开发与技术方案集成服务商，服务网络遍布中国、泰国、新加坡、印度尼西亚、菲律宾、马来西亚、柬埔寨、缅甸及老挝九个国家，高度覆盖一带一路东南亚国家。
公司于1991年在香港成立，2002年在港交所主板上市。2017年正式收购佳洁科技，跻身亚太区行业前三名。2020年，伟世佳杰收购中国领先的云管理平台软件和服务提供商云星数据，云业务布局再上新台阶。2023年获纳入首批新增调入沪港通下港股通股票名单，公司股票正式成为沪港通加深港通双纳入标的。
上市以来，集团营业额平均增长率为24%，纯利平均增长率为29%。2023年，集团营业额达到739亿港元，毛利35亿港元，纯利9.22亿港元，股东回报率11.7%，每股盈利65.62港仙。亚洲地区收入562.7亿港元，为集团贡献76%的收入。
东南亚地区收入176.2亿港元，为集团贡献24%的收入。集团各项财务及运营指标长期保持健康水平。截至2023年12月31日，总资产350.2亿港元，现金结余33.25亿港元，净负债总资产比率为0.14，库存天数59天，应收天数72天，应付天数78天，运营周转天数为53天。
伟世佳杰在IT行业深耕三十余年，业务涵盖云计算、消费电子及企业系统三大板块，2023年营业收入分别为HK$30.8亿元、HK$303.9亿元、HK$404.1亿元。其中云计算板块包括分销转售、咨询设计、迁移建设、运维管理、应用和数据开发与增值，服务覆盖全云生命周期。
目前，伟世佳杰跻身华为云服务商前列，拥有华为云四种合作伙伴资质，同时也是阿里云最大的渠道合作伙伴，亚马逊云中国区总经销商，并且是拥有最大授权培训中心的企业。2023年，伟世佳杰牵手天翼云、浪潮云，实现了更完整的业务布局。
伟世佳杰持续在云计算领域加强研发投入，自主研发多云管理系统、算力运营管理平台、V Plus云平台等。旗下佳洁云星联合中国信息通信研究院等单位编写并发布《中国多云管理平台发展洞察报告》，为中国多云管理平台健康发展以及相关标准和战略成熟贡献突出价值。
截至目前，已运营管理新一代融合智算中心，即AI项目三十余个，为东数西算工程主枢纽中心、上海公共算力服务平台等项目提供算力运营管理支持。IDC报告指出，伟世佳杰在中国第三方云管理服务市场份额跃居第五位，收入增速排名第二。
消费电子板块涵盖移动互联、游戏娱乐、虚拟现实、可穿戴设备、物联应用五大领域。2023年，顺应消费电子市场发展趋势，在智能教育领域布局拓展，引入学而思、新东方等品牌的新锐产品，为客户提供多元化产品选择。
企业系统业务涉及基础建设、网络安全、方案交付、数据存储、人工智能及机器人自动化五大领域。2023年，集团把握人工智能新机遇，进一步深化与华为、新华三、浪潮等服务器头部厂商的合作，同时与超聚变、宝德、百信等七家华为鲲鹏生态合作伙伴保持良好合作。
集团积极拓展海外业务，帮助中国企业开拓东南亚市场，推动科技产品国际化进程。集团与华为、联想、中科曙光、OPPO等中国企业，以及惠普、戴尔、英伟达等国外企业均在东南亚市场建立深度合作。VSTECS海外业务持续保持增长态势，在泰国、菲律宾、马来西亚、新加坡、印尼各国的市场份额排名中，VSTECS均排名第一，并长期保持领先地位。
集团始终以降低社会交易成本为己任，坚持长期主义合作理念，与惠普、西部数据、华为、戴尔、联想、希捷、华硕、新华三、微软等知名厂商长期保持战略合作关系，合作产品线多达万余条，是多家世界五百强科技企业在亚太地区最重要的合作伙伴。
凭借强大的生态覆盖能力和经营管理能力， VSTECS 受到市场及合作伙伴高度认可，连续五年跻身财富中国五百强企业行列，荣膺中国品牌五百强，荣获华为总经销商产品创新奖、华为云优秀软件伙伴奖、英伟达最佳总经销商奖、阿里云云原生最佳合作伙伴奖。创造商业价值，回馈社会和员工。 VSTECS 积极践行ESG理念，创造可持续的社会价值。
在北京总部办公楼及园区改造工程中，坚持节能环保原则，节约社会资源，为员工打造更舒适的工作环境。未来以来， VSTECS 将聚焦规模巨大、高速增长的信息化产业，提升运营效率和运营规模，保持行业领先地位，创造可持续的社会价值，引领数字化亚洲。 好的，谢谢。
Thank you for your attention. Now we will start the Q&A session, and we welcome any questions from you. Please state your name and organization before you raise your questions. Our participants online, please feel free to enter your questions with your name and organizations as well. The first question, please.
First of all, I would like to congratulate you on the finanicial performance. I have several small questions. For Elon Musk, and our product has exceeded, exited the market. Can you please share with us the overall progress and the development over the year?
So first of all, we have been lucky. Xinglie approached us, and talk about the partnership, and we concluded a deal in two years. They sent a consulting company to survey on the satellite business in Southeast Asia, and we reached an agreement on a phone call, but it involves the national security for Xinglie. Covers four companies, four countries: Malaysia, Philippines, and Indonesia, have agreed Xinglie's involvement in the communication network, and we signed an agreement with them for Malaysia. It was delivered last month, around one thousand units. And the price was $5,500. The general manager of Malaysia expected ten thousand units of sales, so the total value would be around $5 million.
And the Indonesian manager told me that the expected sales would be around $100 million. And the low expectation for Malaysia is mainly because of the unstable supply of the project. We have just started the project, and we find it hard to predict the supply. But I can share with you that the arrived products have been sold out. But for Indonesia, as you know, consists of many small islands. That's why the general manager of Indonesia expect $100 million of sales for this year. Xinglie also asked us whether we can partner in Mongolia. But Mongolia is a very small country. We used to do business through Inner Mongolia. So we cover Mongolia through Inner Mongolia for the sales of network security products. For the four countries in Southeast Asia, we are the exclusive distributor, but for Mongolia, we're not so sure yet.
Thank you for your response.
The next question, anyone from on-site? We have a question online, Mr. Yu, which is about business overseas. Our downstream partners have considered going abroad to expand their business. What kind of support you can provide to the downstream partners? You mean our clients?
Our downstream partners. I'm not sure if I understand the question. My downstream refers to end clients and distributors. If our upstream partners would like to go abroad, we can provide support. For example, the IT service providers in China. So you're referring to our competitors in China?
Yes, that's correct. So, f or Southeast Asia, maybe I can say a few words. For Southeast Asia business, we started in the beginning of 2008. Now we have branches and offices in the five countries: Singapore, Malaysia, Philippines, Indonesia, and Thailand. We have $400 million of profit contribution from Southeast Asia. So for fourteen years, the profit coming from Southeast Asian countries grew by ten times. Now, we are the biggest IT products distributors in Southeast Asia. So we have snowball our business. For example, for Thailand, we have become number one. Three years ago, we were number three.
So in our last quarterly meeting, I asked my managers why we have grown so fast? We have several advantages. First, for our IT supply chain, the commercial processes are quite important. For big dealers are all international players. For example, Ingram Micro or other world's biggest players. And so Synnex is also a very big one. They said that most of the companies are centrally managed, and it is very hard for them to go through the commercial processes. Our second advantage is stable management. They have very unstable mid-level and top-level management, so we have a very stable management team in Southeast Asia.
Secondly, we have a very flexible commercial processes because we have localized team. We also have very responsive team, and we can change our incentives and other aspects, commercial terms, in a very flexible manner. And for other competitors, they might have changed their management, and then their business will drop from number one to number three, for example, in Thailand. So similar situation can be witnessed in different countries. And I ask why the general managers are willing to achieve such result and make best efforts, and they said it's because of the trust from me. Trust is a valuable resources. A young leader might have great trust in their subordinates, but not so much when they grow old. So for me, personally, I believe that I can trust them because I have enough control over my business. But of course, there are other factors. I would say that we have entered a virtuous cycle for our business in Southeast Asia.
We have the scale effect, we have the brand effect, we also have the plan, platform scale, and that's why Xinliao approached us. And some projects might have several distributors, but for us, we are the general agent of some brands. For example, for VMware and Broadcom, one quarter ago, they have decided to give us the sole distributorship for all countries in Southeast Asia. We have also expanded our business scope. We sell not only computer products, and we also sell, for example, the inverters for LONGi in solar panel industry. For us, we are the biggest network partner for Huawei, the biggest for Lenovo in Southeast Asia. OPPO mainly works with a Chinese partner and also some JV.
And for the Philippines, we are very strong, and that's why we have become the biggest, sorry, the exclusive general agent for OPPO in the Philippines. And for Transsion, it's the same. We are the distributor for Transsion. So we have a very good channel and network. And for Southeast Asia, they sell products of foreign brands. This is different from China. For companies such as Lenovo, they have a regional agent. But when they enter Southeast Asia, they have to rely on the network of the general agent, and that's why we help sell products for American brands and Chinese brands. We are the best channel for them.
This gentleman, please. I have two questions. The first one, what do you think of the consumer electronics this year? What's your strategy? And secondly, you mentioned that you are very good, the we are the biggest partner for Huawei overseas. Can you please share with us some details? For Huawei, in China, f or their career network business, they do direct sales, and for enterprise business, 70% is done through agencies and distributors. We become the distributors for Huawei very late. Huawei requires high compliance from the distributors. But for us, we sell very competitive products. In the first beginning, Huawei said that we cannot sell ZTE's products if we want to sell their products, and if we want to sell Huawei's products, we cannot sell H3C's. So that's why we were not the dealer for Huawei.
But then, for some reason, we did not sell, we stopped selling H3C's products, and that's how we got into the dealership for Huawei. We are a latecomer in the Huawei system, so we do not sell their teleconference system, but for other products we have covered. We are the general agent for consumer electronics for Huawei. But due to some reason, they have chosen a state-owned company to do that. But we are the general agent for their enterprise products. We are also a supplier to Huawei. Huawei has high requirement for software suppliers, higher than the national standards, because Huawei is susceptible to hackers' attack. Maybe I will pass this question to my colleague. Our self-developed products, such as AI, computation, schedule, resources scheduling, we have become a supplier of Huawei.
And in the twenty-five provinces and cities, we partner with Huawei to build up our computation center. We provide AI resources scheduling pool. And in some state-owned company projects and government projects such as Shanghai and Guiyang government projects, we also provide multi-cloud management products to Huawei, and we have been awarded with the best supplier for Huawei's business partners. For Southeast Asia, as we know, that Huawei's business has been sold quite well in China, but not in the overseas countries. Huawei's products cannot sell in Vietnam, for example. For other countries, if the relationship between that country and China is good, then Huawei's product sells a lot. And a lot of companies go abroad, and they are also more inclined to buy Huawei's products. But for Huawei, but for Southeast Asia, the overall sales scale is limited.
I would say that Huawei is top three contributor to our business revenue. Any other questions from on-site? A question from Huaxi Securities. AI and applications has been a hot topic. Who have you partnered with for AI, and what do you think of the challenges and opportunities brought by AI? AI is not a buzzword. AI is the trend. AI will have deep and profound impact on humans' life. AI computation power is key for its adoption. We are the general agent of AMD and NVIDIA. We're the biggest for AMD in China. For NVIDIA, the dealership is based on projects. In the past five years, NVIDIA's products were hard to sell, mainly some mining products would require NVIDIA's products. So NVIDIA was not very popular because it's not a general product, it's quite specialized.
For example, for image and graphic cards, it's quite project-based. A lot of companies can source from NVIDIA. In Southeast Asia, we are the general agent for NVIDIA. In Chinese mainland, we are one of the distributor. For AMD, we are the biggest distributor for them in China. For example, for Kunlun, we are the exclusive distributor. For Jingjia, with GPU, they sell directly, we are also one of their partners. So this is for CPU. In terms of service, for AI, we have partnership with all major manufacturer, Dell, HP, H3C, Chaowei. And in China, we have a partnership with several companies such as Inspur, Chao Jibian, which is established by ex-Huawei people, and seven Huawei-related businesses also have partnership with us. So all their seven partners, five of them are our partners, actually.
So this is for hardware. In terms of software, we are mainly talking about the application. We have a partnership with SenseTime, iFlytek, and several others. For iFlytek, we are the exclusive partner for their to C business. For iFlytek, we grew together for their to C business. We partner on ecosystem level. All the cost of iFlytek is transparent to us. We also have transparent pricing system, and we design products together. And we have the highest trust with iFlytek because we are ecosystem partners. And we are the distributor of hardware and software for major companies in each sector. We also have AI algorithm and computation scheduling software. And we supplied to twenty out of the thirty provinces who have a AI algorithm center.
Next question, please. Hello, Mr. Lee, I'm Alex. I have several questions. The first one is about cloud. So what do you think of the business development would be for cloud in Chinese mainland? And for Southeast Asia, digitalization has been speeding up. Is there any opportunity, any new business or products for Southeast Asia? China, at the first beginning, had a lot of foreign participants in terms of cloud products, and then we know there were Alibaba and Huawei. And now, China Mobile, China Unicom, have also joined the game, and the US has banned China from using the cloud products from foreign brands, and that's why we have seen a lot of local players joining the market.
So if without America's sanction, the development of cloud system might be even faster. Last year, NVIDIA cannot sell their GPU to China, and that's why we lost a order of $7 billion. What's your question about the Southeast Asia? A lot of data centers have been set up in Southeast Asia, is that correct? To give you an example, for example, in Singapore, there's a national AI computation center, and we supplied it to the government. Yes, the market is full of opportunities in this regard. For the first, the revenue for Singapore last year was $3 billion. But for the first two months of this year, Singapore reached HK$2 billion in terms of sales. But of course, maybe we have been lucky for the first two months, but it's mainly driven by the building of the data center and the computation center.
Apart from the five countries in Southeast Asia, in Myanmar, and Laos, and Cambodia, we have set up offices. But for some countries, the political situation has been unstable or the market business model hasn't been very mature. But in terms of enterprise systems, we have been the biggest. For the five countries, we are the biggest in terms of enterprise systems as well as consumer electronics. And if there is opportunity in the market, it's more possible for us to seize the opportunity instead of others. What is your expectation for the Southeast Asian business this year? We are the biggest in Southeast Asian market already, so our growth would be on par with the industrial average. We do not have a target for Southeast Asia growth.
The macro environment in the whole world is not very ideal. Most of the competitors have seen 20% decline for their business, but we have seen positive growth because we have expanded into new product categories such as Google Phones and Xinglia this year, and as well as Apple business. So we have a lot of newly added business, which has boosted our business in Southeast Asia. But all the markets in Southeast Asia have been quite saturated. Some people say, "Oh, these markets in Southeast Asia have been quite prosperous," but this is imaginary. In Southeast Asia, for HP, Dell, their decline is the same as their business in the Chinese market.
Thank you. Next question, please. One question from Shanghai Haining Securities: What is the expectation for gross profit margin in 2024? And where do you see the highlights for the three business segments? It's very hard for me to have such a forecast. For consumer electronics in 2024, we expect a positive growth. Because in 2021, because of the pandemic, we have seen a outburst of growth every, b ecause everybody had to stay at home to entertain themselves. And also there was a lack of supply, and that's why in 2021, we have benefited from the pandemic and make a record high in terms of gross profit margin, as well as sales. Because of the high demand, the laptops, printers, and PCs in 2021 have seen growing rise in 2021, and the sales has been adjusted down in the past two years.
But consumer electronics, I believe, has a bottom out. AI-based PC might appear in the market. Open source AI might enable a more powerful computers, so we might see a lot of replacement. The consumer electronics sales was down into 2023, is mainly because of the high sales in the past two years. We would see great sales for service. This is part of enterprise system, but for other parts, for enterprise system, it's very hard for me to forecast. The economic outlook is not very ideal for all countries. So under such circumstances, we would not set a too ambitious target. But I would say at least, we can achieve flat growth.
AI servers will definitely see positive growth, but for each segment, we have several tens of thousands of products, so it's very hard for me to forecast. But we expect a double-digit growth for this year. Judging from the figures in the first two months this year, 10% growth, the profit growth also reached 10%. Last year, we have a major highlight. China borrow a lot of US dollars, and then we pay back $40 million, and we suffer a loss of $40 million because of the foreign exchange.
And if interest rate remain flat, then it will also have a big impact on our business because we pay $200 million extra for the interest. Without interest and the foreign exchange effects us, our profit would reach around $1.1, $1.2 billion, and the current result is affected by, negatively by foreign exchange and interest hike. If it's the same as 2021, we would have $1.2 billion of profit. It should be our second-best year. If the interest rate