Financial Performance - The company's revenue for the nine months ended September 30, 2021, was RMB 85,711,000, representing a 18.5% increase from RMB 72,370,000 in the same period of 2020[4] - Gross profit for the nine months ended September 30, 2021, was RMB 10,487,000, up 8.6% from RMB 9,656,000 in the previous year[4] - The net loss before tax for the nine months ended September 30, 2021, was RMB 4,075,000, a significant improvement compared to a loss of RMB 34,737,000 in the same period of 2020[4] - The company reported a net profit of RMB 519,000 for the third quarter of 2021, compared to a loss of RMB 8,229,000 in the third quarter of 2020[4] - Total comprehensive income for the third quarter of 2021 was RMB 2,508,000, compared to a loss of RMB 17,305,000 in the same quarter of 2020[4] - The net loss attributable to shareholders for the nine months ended September 30, 2021, was RMB 4,061,000, a significant improvement from a loss of RMB 34,660,000 in the same period of 2020[24] - Basic and diluted loss per share for the nine months ended September 30, 2021, was RMB 0.0059, compared to a loss of RMB 0.0595 per share in 2020[24] Revenue Breakdown - Total revenue for the nine months ended September 30, 2021, was RMB 85,711,000, an increase of 18.9% compared to RMB 72,370,000 for the same period in 2020[17] - Outdoor and digital advertising revenue reached RMB 56,683,000, up 14.1% from RMB 49,596,000 in 2020[17] - Film and entertainment investment revenue increased significantly to RMB 12,907,000, compared to RMB 7,213,000 in the previous year, representing an increase of 78.5%[17] - Prepaid card revenue also saw growth, totaling RMB 16,121,000, compared to RMB 15,247,000 in 2020, marking a 5.7% increase[17] - Revenue from outdoor and digital advertising rose by approximately RMB 7,087,000 or 14.3% to RMB 56,683,000, primarily due to an increase in the number of clients[31] - Revenue from film and entertainment investments increased by approximately RMB 5,694,000 or 78.9% to RMB 12,907,000, reflecting a gradual recovery in the industry[33] - Prepaid card business revenue grew by approximately RMB 874,000 or 5.7% to RMB 16,121,000[34] Expenses and Cost Management - The company incurred administrative expenses of RMB 12,593,000 for the nine months ended September 30, 2021, down from RMB 36,365,000 in the previous year, indicating cost control measures[4] - Financial costs for the six months ended September 30, 2021, amounted to RMB 910,000, compared to RMB 276,000 in 2020, indicating a significant increase[20] - Total sales cost increased by approximately RMB 12,510,000 or 19.9% to RMB 75,224,000, mainly due to rising costs in outdoor and digital advertising and film production[35] - Other income for the nine months ended September 30, 2021, was RMB 1,235,000, compared to RMB 2,337,000 in the same period of 2020[4] - Other income decreased by approximately RMB 1,102,000 or 47.2% to RMB 1,235,000, primarily due to a reduction in bank interest income[36] - Administrative expenses decreased by approximately RMB 23,772,000 or 65.4% to RMB 12,593,000, mainly due to costs related to the sale of a subsidiary recognized in the previous year[41] Future Plans and Business Development - The company plans to continue expanding its outdoor and digital advertising services, as well as its film and entertainment investments[11] - The company plans to continue focusing on business development in outdoor and digital advertising as well as prepaid card services, while actively seeking growth opportunities despite ongoing impacts from COVID-19[44] Shareholder Information - As of September 30, 2021, Mr. Ruan Deqing holds 57,602,000 shares, representing approximately 8.33% of the company's issued share capital[49] - The company has a total of 57,600,000 unexercised share options under the new share option scheme as of September 30, 2021[55] - The major shareholders include Lin Pintong and Ruan Deqing, each holding 57,602,000 shares, equating to 8.33% of the issued share capital[52] - The company’s shareholding structure indicates that 48.73% of the issued share capital of Li Zhong Limited is owned by Xie Wang Limited[49] Compliance and Governance - The company has adopted a code of conduct for securities trading by directors, which complies with GEM Listing Rules[54] - The audit committee has been established in accordance with GEM Listing Rules and corporate governance codes, consisting of three independent non-executive directors[59] - The audit committee reviewed the unaudited performance for the nine months ending September 30, 2021, and confirmed compliance with applicable accounting standards and GEM Listing Rules[59] - The chairman of the audit committee, Ms. Zheng Xueli, possesses appropriate professional qualifications and expertise in accounting and financial management[59] - The company confirms compliance with the standards of the code of conduct for securities trading during the nine-month period ended September 30, 2021[54] Tax and Accounting Policies - The company has not made any tax provisions for the period due to sufficient tax losses carried forward to offset estimated taxable profits[21] - The company applied new and revised International Financial Reporting Standards effective from January 1, 2021, with no significant impact on its accounting policies or reported amounts[14] - The company did not declare any dividends for the nine months ended September 30, 2021, consistent with the previous year[23] Events After Reporting Period - The company has not reported any significant events after the reporting period up to the date of the quarterly report[56] - No share options were granted, exercised, expired, or cancelled under either the old or new share option schemes during the nine months ended September 30, 2021[55]
中国三三传媒(08087) - 2021 Q3 - 季度财报