Financial Performance - Revenue for the first quarter of 2021 was RMB 141,420,000, representing a 106.0% increase compared to RMB 68,636,000 in the same period of 2020[8] - The gross loss for the first quarter of 2021 was RMB 2,409,000, compared to a gross profit of RMB 2,643,000 in the same period of 2020, indicating a significant decline of 191.1%[8] - The total comprehensive loss for the period was RMB 50,188,000, a drastic increase from a profit of RMB 3,993,000 in the same period of 2020, reflecting a change of 1,356.9%[8] - The loss attributable to owners of the company was RMB 45,105,000, compared to a profit of RMB 2,627,000 in the same period of 2020, marking an increase of 1,817.0%[8] - The basic and diluted loss per share for the first quarter of 2021 was RMB (1.25) cents, a significant decline from RMB 0.07 cents in the same period of 2020, representing a change of 1,885.7%[8] - The gross margin for the first quarter of 2021 was (1.7%), down from 3.9% in the same period of 2020[11] - The net loss margin for the first quarter of 2021 was (35.5%), compared to a net profit margin of 5.8% in the same period of 2020[11] Dividends and Shareholder Returns - The company did not declare any dividends for the first quarter of 2021[9] - The company did not recommend any dividend for the period, consistent with the same period in 2020[35] - The board does not recommend any dividend payment for the current period[58] Revenue Sources and Growth - For the three months ended March 31, 2021, the revenue from new energy business was RMB 141,298,000, a significant increase from RMB 68,510,000 in the same period of 2020, representing a growth of 106.5%[24] - The total revenue for the group for the three months ended March 31, 2021, was RMB 141,420,000, compared to RMB 68,636,000 for the same period in 2020, indicating an increase of 105.1%[24] - The group received approximately RMB 1,000,000 in government subsidies during the period, aimed at encouraging the development of its new energy business[24] Expenses and Costs - The company reported a significant increase in administrative expenses, amounting to RMB 6,491,000 for the first quarter of 2021, compared to RMB 6,593,000 in the same period of 2020[17] - The total employee costs for the three months ended March 31, 2021, were RMB 3,280,000, down from RMB 4,450,000 in the same period of 2020, reflecting a decrease of 26.3%[27] - The company's sales cost for the new energy business was approximately RMB 143,800,000, up from RMB 66,000,000 in the corresponding period[46] Impairments and Provisions - The expected credit loss provision for trade receivables was RMB 61,200,000 for the three months ended March 31, 2021, compared to zero in the same period of 2020[25] - Trade receivables impairment provision for the period was approximately RMB 61,200,000, compared to zero in the corresponding period[41] Share Capital and Ownership - The company has issued a total of 3,622,136,000 shares with a par value of HKD 0.00125 as of March 31, 2021[57] - The company reported a total of 137,632,000 shares held by directors and major executives, representing 15.11% of the issued share capital[67] - Mr. Hu holds 547,184,000 shares, accounting for 15.11% of the company's issued share capital[67] - Ms. Lin has 493,456,000 shares, which is 13.62% of the issued share capital[67] - Depot Up Limited holds 640,000,000 shares, representing 17.67% of the issued share capital[74] - Tongjie Global Limited and Songsheng Global Investment Limited each hold 448,000,000 shares, accounting for 12.37% of the issued share capital[74][76] - Yude Limited has 219,112,000 shares, which is 6.05% of the issued share capital[74][76] Corporate Governance and Compliance - The company has adhered to the corporate governance code as per GEM listing rules throughout the reporting period[80] - The audit committee consists of three independent non-executive directors and has reviewed the unaudited financial statements for the period[82] - The board of directors communicated with shareholders through annual general meetings and special meetings[79] - The company continues to monitor shareholder interests and compliance with securities regulations[73] Future Plans and Market Strategy - The company plans to establish new supply points in key business hotspots to enhance LNG supply capabilities[42] - The company is preparing to expand its LNG supply network in new regions of China and is looking to establish joint ventures and partnerships with key LNG suppliers[53] - The company remains vigilant to market changes and aims to explore opportunities in the renewable energy sector[53] Miscellaneous - The company has not adopted any financial instruments for hedging purposes during the period[59] - The company has not established any arrangements for directors or key executives to acquire rights to purchase securities during the reporting period[77] - The company has no significant acquisitions or disposals of subsidiaries or associates during the period[61] - The company did not issue any debt securities during the reporting period[76] - There were no purchases, sales, or redemptions of any shares by the company or its subsidiaries during the reporting period[78] - The report will be published on the GEM website and the company's website for at least seven days[84]
中华燃气(08246) - 2021 Q1 - 季度财报