Financial Performance - The company recorded revenue of approximately RMB 184.6 million in Q1 2021, a significant increase from RMB 0.5 million in Q1 2020, primarily due to new business income from value-added telecommunications services in China[9] - The profit attributable to the owners of the company for Q1 2021 was approximately RMB 9.7 million, compared to a loss of RMB 10.5 million in the same period of 2020[9] - Basic and diluted earnings per share for Q1 2021 were approximately RMB 0.23, compared to a loss of RMB 0.30 per share in Q1 2020[20] - Gross profit for the quarter was RMB 42.6 million, up from RMB 0.5 million in the previous year[15] - The total comprehensive income for the period was RMB 4.8 million, compared to a comprehensive loss of RMB 10.8 million in Q1 2020[18] - The company reported a pre-tax profit of RMB 13.3 million for Q1 2021, compared to a pre-tax loss of RMB 10.5 million in Q1 2020[15] - Total revenue for the three months ended June 30, 2021, was RMB 184,556 thousand, compared to RMB 501 thousand for the same period in 2020, representing a significant increase[35] - The pre-tax profit for the period was RMB 9,741 thousand, compared to a loss of RMB 10,545 thousand in the previous year[62] Revenue Sources - The company’s total income from value-added telecommunications and related services was RMB 184.2 million in Q1 2021[12] - Revenue from value-added telecommunications and related services was RMB 184,178 thousand, with contributions from backend services, comprehensive marketing services, and data center services[35] - Financial services revenue included RMB 83 thousand from corporate advisory services and RMB 295 thousand from loan interest income, showing a decline from the previous year's figures[35] - Gross profit for the value-added telecommunications and related services segment was RMB 42,211 thousand, indicating a healthy margin[44] - The company has shifted its reporting currency from Hong Kong dollars to Renminbi, impacting the presentation of financial results[27] Expenses - The company incurred administrative expenses of RMB 22.1 million in Q1 2021, compared to RMB 14.4 million in the same period of 2020[15] - The group incurred marketing and R&D expenses totaling approximately RMB 8,700,000 in the first fiscal quarter of 2021, compared to none in 2020[84] - Service costs for value-added telecommunications and related services amounted to approximately RMB 142,000,000 in the first fiscal quarter of 2021, with major components including employee costs and subcontracting fees[85] - The company’s financial costs increased to RMB 3.3 million in Q1 2021 from RMB 0.034 million in Q1 2020[15] Shareholder Information - Zhongzhi Xinzhuo Capital Company Limited holds 57.53% of the company's shares, totaling 2,409,823,718 shares[106] - Tian Xi Capital Company Limited and its affiliates control 68.41% of the company, with a total of 2,865,644,243 shares[106] - NINEGO Corporation, controlled by Mr. Hu, holds 6.55% of the company's shares, amounting to 274,190,219 shares[108] - The company’s major shareholders include Zhongzhi Xinzhuo and Kangbang (Hong Kong), both of which are wholly owned subsidiaries of Tian Xi Capital[107] Corporate Governance - The audit committee has reviewed the first quarter financial statements and confirmed compliance with applicable accounting standards[118] - The company has established an audit committee in accordance with GEM listing rules, consisting of three independent non-executive directors[117] - The company reported no competitive business interests among its directors as of June 30, 2021[113] - The company’s chairman is Mr. Niu Zhanbin, with executive directors including Mr. Jiang Yulin and Mr. Wu Hui[119] Business Strategy and Growth - The company is focused on expanding its presence in internet education, financial securities, e-commerce, community group buying, and internet manufacturing sectors[72] - The group plans to expand its business layout domestically, aiming for more stable income and profitability[96] - KingNine Group has started constructing three self-operated contact service centers in Shenyang, Liu'an, and Puyang to support new orders[98] - The group is actively exploring new business opportunities in the financial industry and internet live commerce sectors[98] - The group has signed contracts with financial influencers to enhance its service capabilities in selling financial products, thereby increasing revenue scale[100] Customer Metrics - The number of customers increased from 125 as of March 31, 2021, to 134, indicating growth in client acquisition[72] - The company maintained stable performance among its top ten customers during the quarter[72] Dividend Policy - The company did not recommend the payment of a dividend for Q1 2021, consistent with no dividends declared in Q1 2020[9] - The company did not recommend any dividends for Q1 2021, consistent with the previous year[64]
金慧科技(08295) - 2022 Q1 - 季度财报