Financial Performance - The Group's revenue for the nine months ended December 31, 2020, was approximately RMB 1,344.94 million, representing a decrease of approximately 11.98% compared to the same period in the previous fiscal year[7]. - Profit attributable to owners for the same period was approximately RMB 188.62 million[10]. - Total comprehensive income attributable to owners for the period was approximately RMB 172.74 million[11]. - Basic profit per share for the Group was approximately RMB 0.053 for the period[12]. - Gross profit for the nine months was approximately RMB 477.51 million, with a gross profit margin of approximately 35.5%[13]. - Operating profit for the nine months was approximately RMB 386.21 million, an increase from RMB 314.52 million in the previous year[13]. - Profit before income tax for the period was approximately RMB 381.55 million, compared to RMB 310.67 million in the previous year[13]. - The Group's total comprehensive income for the three months ended December 31, 2020, was approximately RMB 320.76 million[16]. - Basic and diluted earnings per share for the three months ended December 31, 2020, was RMB 0.019[16]. - The revenue for the nine months ended December 31, 2020, decreased by 11.98% to RMB 1,344,939,000 compared to RMB 1,527,960,000 for the same period in 2019[19]. - The total turnover for the three months ended December 31, 2020, was RMB 606,217,000, down from RMB 829,949,000 in the same period of 2019[19]. Expenses and Cost Management - Selling and distribution expenses decreased by 49.01% for the nine months ended December 31, 2020, primarily due to reduced sales of explosives[52]. - Administrative and other operating expenses decreased by 25.05% compared to the same period last year, attributed to lower production capacity adjustment expenses[53]. - Sales and distribution expenses decreased by 49.01% year-on-year, attributed to reduced sales of explosives and related freight costs[55]. Dividend and Shareholder Information - The Board does not recommend the payment of any dividend for the period[12]. - No dividend was recommended for the nine months ended December 31, 2020, consistent with the previous year[27]. - As of December 31, 2020, Mr. Liu Fali holds 240,415,854 ordinary shares, representing approximately 6.76% of the company's total shareholding[83]. - Mr. Liu Fali also has interests in 1,657,687,368 ordinary shares, which accounts for approximately 46.57% of the total[83]. - Ms. Ma Ye is a beneficial owner of 124,005,000 ordinary shares, equating to approximately 3.48% of the company's shares[86]. - The total number of shares held by parties to an agreement to acquire interests in the company is 1,774,098,222 ordinary shares, representing approximately 49.85%[86]. - Mr. Xiong Zeke has an interest in 80,811,927 ordinary shares, which is about 2.27% of the total[83]. - Ms. Qin Chunhong holds 34,024,908 ordinary shares, representing approximately 0.96% of the company's total shareholding[83]. - The percentage of shareholding is calculated based on the number of issued shares of the company as of December 31, 2020[88]. - The interests of Fabulous Seeker Holdings Limited in 80,811,927 shares are attributed to Mr. Xiong Zeke, who owns the entire issued share capital of the corporation[90]. - The shares held by Crystal Sky Development Inc. include 34,024,908 shares, which are equally owned by Ms. Qin and her husband[90]. - As of December 31, 2020, Shiny Ocean holds 1,361,516,331 ordinary shares, representing 38.25% of the total shareholding[97]. - Mr. Ma Suocheng has interests in 1,898,103,222 ordinary shares, accounting for 53.33% of the total shareholding[97]. - Ms. Ma Xia is a beneficial owner of 172,166,037 ordinary shares, which is 4.84% of the total shareholding[99]. - Mr. Yang Tao holds 274,919,268 ordinary shares, representing 7.73% of the total shareholding[99]. - Mr. Li Man owns 272,739,268 ordinary shares, which is 7.66% of the total shareholding[99]. - The report indicates no interests or short positions in shares by the Directors or chief executives as of December 31, 2020[94]. - The substantial shareholders and their interests are recorded under section 336 of the SFO[96]. - The company has a significant concentration of ownership, with the top shareholders holding over 50% of the shares[97]. Corporate Governance - The company has complied with all code provisions set out in the Code on Corporate Governance Practices throughout the review period[108]. - The audit committee, composed of three independent non-executive directors, has reviewed and commented on the draft unaudited financial statements for the nine months ended December 31, 2020[113]. - The company reported no competing interests among its directors or management shareholders that could significantly compete with the group's business during the nine months ended December 31, 2020[107]. - The company has adopted a code of conduct for directors' securities transactions that meets or exceeds the required standards of dealings[108]. - The company has established an audit committee to supervise financial reporting processes and internal control procedures[109]. - The board of directors includes executive and independent non-executive members, ensuring a diverse governance structure[113]. - The company has maintained compliance with the GEM Listing Rules throughout the review period[104]. Operational Impact and Future Outlook - The Group's operations were impacted by the epidemic, leading to reduced demand for explosives and blasting services due to indirect shutdowns of infrastructure projects[52]. - The Group successfully acquired 51% of Anhui Jinding Mining Co., Ltd. in October 2020, which is expected to enter formal production in the first half of 2021 after a trial production phase[80]. - The Group has no assessable profit in the Cayman Islands, BVI, or Hong Kong, resulting in no provision for profits tax in these jurisdictions[20]. - The effective income tax rate for the Group's operations in Tajikistan is 23% for non-goods production activities and 13% for goods production activities[20]. - As of December 31, 2020, the Group's net assets amounted to approximately RMB1,527.30 million, an increase of 41.0% from RMB1,084.38 million as of March 31, 2020[54]. - The Group's current assets were approximately RMB1,474.67 million, up from RMB1,359.87 million as of March 31, 2020, with cash and bank balances increasing to approximately RMB194.14 million from RMB165.18 million[56]. - The Group's current liabilities increased to approximately RMB1,080.00 million from RMB623.56 million as of March 31, 2020[56]. - Capital commitments for the acquisition of property, plant, and equipment amounted to RMB124.80 million as of December 31, 2020[66]. - The Group had no significant investments during the nine months ended December 31, 2020[60]. - The report does not disclose any new product developments or market expansion strategies[98]. - There are no mentions of future guidance or performance outlook in the provided content[98]. - As of December 31, 2020, the company had not purchased, sold, or redeemed any of its listed shares during the nine months ended, consistent with the same period in 2019[107].
比优集团(08053) - 2021 Q3 - 季度财报