Financial Performance - For the nine months ended September 30, 2021, the group recorded unaudited revenue of approximately RMB 563 million, an increase of about 32.5% compared to RMB 425 million for the same period in 2020[4] - The group reported an unaudited profit of approximately RMB 2.8 million for the nine months ended September 30, 2021, compared to an unaudited loss of RMB 9.4 million for the same period in 2020[4] - Basic earnings per share for the nine months ended September 30, 2021, was RMB 0.33, compared to a basic loss per share of RMB 1.07 for the same period in 2020[4] - Gross profit for the nine months ended September 30, 2021, was RMB 15.6 million, compared to RMB 8.2 million for the same period in 2020[8] - The group achieved a profit before tax of RMB 3.8 million for the nine months ended September 30, 2021, compared to a loss before tax of RMB 9.4 million for the same period in 2020[8] - Total comprehensive income for the nine months ended September 30, 2021, was RMB 2.8 million, compared to a total comprehensive loss of RMB 8.9 million for the same period in 2020[8] - The company reported a profit before tax of RMB 3,823,000 for the nine months ended September 30, 2021, compared to a loss of RMB 9,422,000 for the same period in 2020[27] - The company reported a profit of RMB 2.846 million for the nine months ended September 30, 2021, compared to a loss of RMB 8.910 million in the same period of 2020, marking a significant turnaround[36] - Revenue for the nine months ended September 30, 2021, was approximately RMB 56.3 million, an increase of about 32.5% from RMB 42.5 million in the same period of 2020[41] - The gross profit increased by approximately 90.2% to about RMB 15.6 million for the nine months ended September 30, 2021, compared to RMB 8.2 million for the same period in 2020[44] - The gross profit margin improved from approximately 19.3% for the nine months ended September 30, 2020, to about 27.7% for the same period in 2021[44] Dividend Policy - The board of directors resolved not to declare an interim dividend for the nine months ended September 30, 2021, consistent with the previous year[4] - The company did not declare an interim dividend for the nine months ended September 30, 2021, consistent with the previous year[34] - The company did not declare an interim dividend for the nine months ended September 30, 2021, consistent with the previous year[52] Cost Management - The group reported a decrease in administrative expenses to RMB 13.98 million for the nine months ended September 30, 2021, down from RMB 16.94 million in the same period of 2020[8] - Administrative expenses decreased from approximately RMB 16.9 million for the nine months ended September 30, 2020, to about RMB 14.0 million for the same period in 2021, due to cost control measures[46] Revenue Breakdown - Sales of printed products reached RMB 20,833,000, up 33.9% from RMB 15,642,000 in the previous year[20] - The revenue from garment manufacturers was RMB 39,932,000, representing a 27.1% increase from RMB 31,405,000 in the prior year[20] - The company recorded a revenue increase in printed products, woven labels, and other apparel accessories by approximately 33.2%, 127.4%, and 67.2%, respectively, compared to the previous year[41] Corporate Governance - The company has a total of 433,400,000 shares held by Neo Concept, representing 50.99% of the company's equity[65] - The board of directors confirmed full compliance with the standards of the code of conduct for securities transactions during the nine months ended September 30, 2021[80] - The company maintained high standards of corporate governance and complied with all provisions of the corporate governance code during the nine months ended September 30, 2021[81] - There were no significant contracts with any directors that had a material impact on the group's business during the nine months ended September 30, 2021[82] Taxation - The company has not generated taxable profits in Hong Kong, thus no provision for Hong Kong profits tax was made[33] - The group is subject to a 25% corporate income tax rate in China, consistent with the previous year[33] Future Plans and Investments - The company plans to invest more resources in identifying potential clients in China and exploring opportunities with domestic and overseas apparel brands to increase sales and profitability[43] - The company plans to allocate HKD 37.6 million for enhancing production facilities and digital printing technology, with HKD 21.8 million already utilized[55] - The company intends to strengthen its capabilities in RFID technology application, with an allocation of HKD 3.0 million, of which HKD 0.5 million has been utilized[55] - The company has allocated HKD 53 million for upgrading its information technology systems, with HKD 3.2 million already spent[55] - The company has plans to develop its garment trading business with an allocation of HKD 8.0 million, of which HKD 0.8 million has been utilized[55] - The company has delayed the expansion plans due to a decline in product demand since the COVID-19 pandemic began in early 2020[55] IPO and Fundraising - The net proceeds from the IPO amounted to approximately RMB 32.7 million, which will be utilized according to the plans outlined in the prospectus[53] - The net proceeds from the fundraising amounted to approximately HKD 5.41 million after deducting expenses[59] - The company has a remaining balance of HKD 15.8 million from the net proceeds, which is stored in licensed banks in Hong Kong or China[55] COVID-19 Impact - The company is closely monitoring the impact of the COVID-19 pandemic on its financial performance, but the extent of the impact remains uncertain[85] Audit and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ended September 30, 2021, and found them to comply with applicable accounting standards[86]
新达控股(08471) - 2021 Q3 - 季度财报