Financial Performance - The Group's turnover for the quarter ended 30 June 2021 was approximately RMB 453.76 million, representing an increase of approximately 7.00% compared to the corresponding period in the previous fiscal year[8]. - Profit attributable to Owners for the Quarterly Period was approximately RMB 65.49 million, while total comprehensive income attributable to Owners was approximately RMB 72.88 million[9]. - Basic and diluted earnings per share for the Group was approximately RMB 0.018 for the Quarterly Period[12]. - The Group recorded a gross profit of approximately RMB 162.97 million, with a gross profit margin of approximately 35.9%[16]. - The total comprehensive income for the period (net of tax) was approximately RMB 110.09 million, compared to RMB 114.73 million in the previous year[18]. - The Group's profit before income tax was approximately RMB 129.67 million, compared to RMB 132.72 million in the previous year[16]. - The Group's turnover for the Quarterly Period increased by approximately 7.00% compared to the same period in 2020, primarily due to reduced impact from the epidemic this year[42]. - Profit attributable to the owners of the Company for the Quarterly Period was RMB 65,490,000, compared to RMB 67,215,000 in 2020[40]. Revenue Sources - The Group's sales of civil explosives amounted to RMB 161.37 million, while the provision of blasting operations generated RMB 292.40 million in revenue[24]. - The Group's primary income source during the year came from civil explosive manufacturing and service business, which is expected to generate substantial and sustainable profit[44]. Expenses and Financial Management - The Group's administrative expenses decreased to approximately RMB 14.95 million from RMB 23.26 million in the previous year[16]. - Interest charges on bank borrowings were approximately RMB 1.33 million, down from RMB 1.83 million in the previous year[26]. Dividends - The Board does not recommend the payment of any dividend for the Quarterly Period[13]. - The Board does not recommend payment of any dividend for the Quarterly Period[37]. Corporate Governance - The company has complied with all code provisions set out in the Code on Corporate Governance Practices throughout the quarterly period[89]. - The company has adhered to the principles outlined in the Corporate Governance Code as per the GEM Listing Rules during the review period[93]. - A higher standard for directors' securities trading has been adopted, exceeding the requirements of the GEM Listing Rules, with no known non-compliance during the quarter[94]. - The Audit Committee has been established in accordance with the GEM Listing Rules, consisting of three independent non-executive directors, responsible for reviewing financial reporting and internal control processes[95]. - The unaudited financial statements for the quarter have been reviewed by the Audit Committee[96]. - The Board of Directors includes a mix of executive and independent non-executive directors, ensuring diverse governance[97]. Shareholding Structure - Mr. Liu Fali holds 240,415,854 ordinary shares, representing 6.76% of the total shareholding[55]. - The total number of shares held by parties to an agreement to acquire interests in the Company is 1,657,167,368, accounting for 46.57%[55]. - Ms. Ma Ye owns 124,005,000 ordinary shares, which is approximately 3.48% of the total[56]. - The total shares held by parties to an agreement to acquire interests in the Company amounts to 1,774,098,222, representing 49.85%[57]. - Mr. Xiong Zeke has an interest in 80,811,927 shares through a controlled corporation, equating to 2.27%[63]. - Ms. Qin Chunhong holds 34,024,908 shares, which is about 0.96% of the total[65]. - Mr. Ma Tianyi owns 3,660,000 ordinary shares, representing 0.10% of the total[55]. - The percentage of shareholding is calculated based on the number of issued shares of the Company as of June 30, 2021[59]. - The letter "L" denotes a long position in the shares or underlying shares of the Company[59]. - The Company has disclosed interests and short positions in shares under the Securities and Futures Ordinance (SFO)[68]. - Shiny Ocean holds 1,361,516,331 ordinary shares, representing approximately 38.25% of the total shareholding[70]. - Mr. Ma Suocheng has interests in 1,898,103,222 ordinary shares, accounting for 53.33% of the total shareholding[71]. - Ms. Ma Xia is a beneficial owner of 172,166,037 ordinary shares, which is 4.84% of the total shareholding[72]. - Mr. Yang Tao holds 274,919,268 ordinary shares, representing 7.73% of the total shareholding[74]. - The company did not purchase, sell, or redeem any of its listed shares during the quarterly period[81]. - A total of 27,069,000 awarded shares were granted to 56 eligible participants in July 2021[83]. Future Plans and Developments - Anhui Jinding obtained safety production licenses in July 2021 and plans to commence commercial production in the second financial quarter of 2021[49]. - The Group will continue to focus on the development of civil explosive business, mining engineering business, and mine development business[50]. Tax Incentives - Three PRC subsidiaries recognized as New and Hi-tech Enterprises are entitled to a preferential EIT rate of 15% for three years starting from their respective recognition dates[30]. - A Tajikistan subsidiary is exempt from Corporate Income Tax for five years until 2022 under an investment agreement with the Tajikistan government[30]. - The EIT rate in Lhasa, Tibet, is 9% for the years 2015 to 2021, resuming to 15% from 2022 unless further announcements are made[32].
比优集团(08053) - 2022 Q1 - 季度财报