Financial Performance - For the nine months ended September 30, 2021, the company's sales revenue from customer contracts was RMB 48,368,000, a decrease of 2.8% compared to RMB 49,770,000 for the same period in 2020[11] - The cost of sales and services for the nine months ended September 30, 2021, was RMB 59,524,000, an increase of 20.4% from RMB 49,484,000 in the previous year[11] - The gross loss for the nine months ended September 30, 2021, was RMB 11,156,000, compared to a gross profit of RMB 286,000 for the same period in 2020[11] - The total comprehensive loss for the period was RMB 20,921,000, which is an increase of 20.5% from RMB 17,361,000 in the same period last year[11] - The basic and diluted loss per share for the nine months ended September 30, 2021, was RMB 1.59, compared to RMB 1.32 for the same period in 2020[11] - The company reported a net loss attributable to owners of the company of RMB 7,075,000 for the three months ended September 30, 2021, compared to a loss of RMB 143,000 in 2020[28] - The group recorded sales revenue of approximately RMB 48,368,000 for the nine months ended September 30, 2021, a decrease of 3% compared to RMB 49,770,000 for the same period last year[31] - Net loss for the nine months ended September 30, 2021, was approximately RMB 20,921,000, an increase of 21% from RMB 17,361,000 in the same period last year[32] Revenue Breakdown - Software product sales for the three months ended September 30, 2021, were RMB 575,000, compared to RMB 412,000 for the same period in 2020, representing a 39.5% increase[18] - Revenue from hardware product sales increased significantly to RMB 1,752,000 for the three months ended September 30, 2021, from RMB 15,000 in the same period of 2020[18] - Technical support service revenue decreased slightly to RMB 15,003,000 for the three months ended September 30, 2021, from RMB 19,157,000 in 2020, a decline of 21.3%[18] - Total sales revenue for the three months ended September 30, 2021, was RMB 17,330,000, down from RMB 19,584,000 in 2020, a decrease of 11.6%[18] Cost Management - The group aims to enhance marketing efforts while continuing to implement cost-saving measures, expecting improved performance in the upcoming quarter[33] - Management expenses decreased by 13% to approximately RMB 9,686,000, down from RMB 11,181,000, mainly due to the sale of a subsidiary[32] - Distribution and selling expenses fell by 30% to approximately RMB 6,270,000, compared to RMB 9,009,000 last year, attributed to effective cost-saving measures[32] - The company incurred financing costs of RMB 1,234,000 for the nine months ended September 30, 2021, a decrease of 25.6% from RMB 1,659,000 in the previous year[11] Share Capital and Options - As of September 30, 2021, the company has a total of 431,782,500 shares held by Goldcorp Industrial Limited, representing 32.78% of the issued share capital[48] - The company has authorized a new stock option plan allowing for the issuance of up to 81,184,000 stock options, which represents approximately 10% of the issued share capital as of the special general meeting date[52] - The stock option plan was initially adopted on August 27, 2001, and has been updated multiple times to increase the authorized limit for stock options[53][55] - In 2021, the company had 198,275,729 share options granted, with 106,833,930 options remaining unexercised as of September 30, 2021[61] Corporate Governance - The company has established a remuneration committee to review the remuneration policies for directors and senior management[68] - The company has adhered to the corporate governance code as per GEM Listing Rules during the nine months ending September 30, 2021[65] - The company established the Nomination Committee in March 2012 to develop nomination policies and recommend director appointments to the board[69] - The Audit and Risk Management Committee was formed on August 27, 2001, to oversee financial reporting, internal controls, and risk management systems[71] - The chairman of the Audit and Risk Management Committee is Mr. Pu Bingrong, with other members being independent non-executive directors[71] Future Outlook - The company has not provided specific guidance for future performance or new product developments in the conference call[11] - The management discussed potential strategies for market expansion but did not disclose specific figures or timelines[11] - The group is adapting to the growing demand for online products, particularly in the context of digital currency development, and is launching new payment solutions[36] - The group plans to maintain strict cost control and enhance risk monitoring across all business operations to achieve a positive cycle of "increasing revenue and reducing expenditure"[40] - The "New Dual-Wing" strategy focuses on expanding offline markets and developing merchant services, with a target of increasing service coverage from 2 provincial branches to 19 branches across 13 provinces[38]
新利软件(08076) - 2021 Q3 - 季度财报