Financial Performance - The company reported sales revenue of RMB 13,793,000 for the three months ended March 31, 2019, representing a 79.3% increase from RMB 7,705,000 in the same period of 2018[4]. - The cost of sales and services was RMB 17,134,000, leading to a gross loss of RMB 3,341,000, which improved from a gross loss of RMB 8,486,000 in the previous year[4]. - The company incurred a pre-tax loss of RMB 11,255,000, a decrease from a pre-tax loss of RMB 14,704,000 in the same quarter of 2018, indicating a 23.3% improvement[4]. - Basic and diluted loss per share was RMB 1.32, compared to RMB 1.70 in the same period last year, reflecting a 22.4% reduction in loss per share[4]. - The company reported a total comprehensive loss of RMB 11,589,000 for the period, compared to RMB 14,704,000 in the same quarter of 2018, showing a 21.5% reduction in overall losses[4]. - The company recorded sales revenue of approximately RMB 13,793,000 for the three months ended March 31, 2019, representing a 79% increase compared to RMB 7,705,000 for the same period in 2018[20]. - The cost of sales and services was approximately RMB 17,134,000, a 6% increase from RMB 16,191,000 in the same period last year[20]. - The company reported a loss of approximately RMB 11,589,000, a decrease of 21% from a loss of RMB 14,704,000 in the same period last year[21]. Revenue Sources - Revenue from software sales was RMB 882,000, up from RMB 604,000, while revenue from technical support services surged to RMB 12,800,000 from RMB 6,875,000, indicating strong growth in service offerings[12]. - The company generated other income of RMB 685,000, significantly up from RMB 20,000 in the previous year, marking a 3325% increase[14]. Equity and Shareholding - The company’s total equity as of March 31, 2019, was RMB 38,795,000, down from RMB 50,384,000 at the beginning of the year, primarily due to accumulated losses[6]. - Goldcorp Industrial Limited and Great Song Enterprises Limited each hold 287,855,000 shares, representing 32.78% of the company's total equity[32]. - Ms. Yao Bin holds 385,000,000 shares, accounting for 43.84% of the company's total equity[34]. - Mr. Xiong Rongli has options to purchase 65,000,000 shares, which adds to his total equity of 97,145,000 shares, representing 11.06% of the company's total equity[36]. - As of March 31, 2019, no other individuals were disclosed to have interests in the company's shares exceeding 5%[35]. Corporate Governance - The company complied with the corporate governance code as per GEM listing rules during the three months ended March 31, 2019[53]. - The company adhered to the securities trading code of conduct for directors during the three months ended March 31, 2019, with no known violations[54]. - The Remuneration Committee was established in November 2005 to review and recommend remuneration policies for directors and senior management[55]. - The Nomination Committee was formed in March 2012 to develop nomination policies and recommend appointments to the board[56]. - The Audit and Risk Management Committee was established on August 27, 2001, to oversee financial reporting, internal controls, and risk management systems[58]. - The Audit and Risk Management Committee reviewed the unaudited results for the three months ended March 31, 2019, and confirmed compliance with applicable accounting standards[58]. - The board of directors includes executive and independent non-executive members, ensuring a diverse governance structure[60]. Future Plans and Strategies - The company continues to focus on expanding its software and technical support services, which are key drivers for future revenue growth[12]. - The company plans to continue implementing cost-saving measures while increasing marketing efforts, expecting improved performance in the upcoming quarter[24]. - The company aims to expand its merchant services business, increasing its service coverage from 2 provincial branches five years ago to 13 provinces in the first quarter of this year[29]. - The company is focusing on a combination of online and offline business operations, hoping to promote its operational model to other commercial banks[31]. Share Options and Securities - The company has been authorized to grant a total of 81,184,000 share options, representing approximately 10% of the issued share capital as of the date of the special general meeting held on February 28, 2011[41]. - An additional 86,443,000 share options were authorized for grant, also representing about 10% of the issued share capital as of the annual general meeting on May 11, 2016[41]. - The company was authorized to grant 61,032,000 share options, which is approximately 6.95% of the issued share capital as of the annual general meeting on May 11, 2018[41]. - The exercise price for share options must be at least the higher of the closing price on the grant date or the average closing price over the five trading days preceding the grant date[42]. - The company granted 47,550,000 share options at an exercise price of HKD 0.368 per share on October 9, 2007, with the closing price on the previous trading day being HKD 0.36[44]. - On January 19, 2010, the company granted 20,900,000 share options at an exercise price of HKD 0.20, matching the previous day's closing price[44]. - The company granted 65,000,000 share options to its chairman at an exercise price of HKD 0.730 on January 10, 2011, with the previous day's closing price also at HKD 0.730[45]. - A total of 86,440,000 share options were granted on April 7, 2017, at an exercise price of HKD 0.182, matching the previous day's closing price[47]. - The company has a limit that the total number of shares obtained through the exercise of options cannot exceed 1% of the issued shares at the grant date within any twelve-month period[41]. - The company has granted share options to various employees and directors, with a total of 11,600,000 options remaining unexercised as of the latest reporting date[48]. Other Information - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[51]. - There were no competitive or conflict of interest activities involving directors, management shareholders, or their associates during the three months ended March 31, 2019[52]. - The company has not declared any dividends for the three months ended March 31, 2019, consistent with the previous year[18]. - The total issued share capital of Goldcorp Industrial Limited is two ordinary shares, with Mr. Xiong holding 50% of the rights[40].
新利软件(08076) - 2019 Q1 - 季度财报