Revenue Performance - The company reported revenue of RMB 48,473 thousand for the three months ended September 30, 2021, compared to RMB 15,180 thousand for the same period in 2020, representing a year-over-year increase of 219%[2]. - For the nine months ended September 30, 2021, the company achieved revenue of RMB 86,108 thousand, up from RMB 58,431 thousand in the same period of 2020, reflecting a growth of 47%[2]. - Revenue from the furniture manufacturing and sales segment decreased to RMB 30,401 thousand, down 23.9% from RMB 39,953 thousand in the previous year[10]. - The data center segment generated revenue of RMB 55,707 thousand, significantly up from RMB 18,478 thousand in the same period last year, marking a 201.5% increase[10]. - Total revenue for the nine months ended September 30, 2021, was RMB 86,108 thousand, an increase of 47.4% compared to RMB 58,431 thousand in the same period of 2020[17]. Profit and Loss - The gross profit for the three months ended September 30, 2021, was RMB 1,930 thousand, down from RMB 2,779 thousand in 2020, indicating a decrease of 31%[2]. - The company incurred a loss before tax of RMB 16,500 thousand for the three months ended September 30, 2021, compared to a loss of RMB 8,548 thousand in the same period of 2020, representing a deterioration of 93%[2]. - The net loss attributable to owners of the company for the nine months ended September 30, 2021, was RMB 27,353 thousand, compared to RMB 15,384 thousand for the same period in 2020, an increase of 78%[2]. - The total comprehensive loss for the nine months ended September 30, 2021, was RMB 27,390 thousand, compared to RMB 15,662 thousand for the same period in 2020, indicating an increase of 74%[2]. - The company reported a basic and diluted loss per share of RMB 1.80 for the three months ended September 30, 2021, compared to RMB 0.95 for the same period in 2020[2]. Operational Highlights - The company has been engaged in the manufacturing and sales of furniture products and started data center operations in China and Hong Kong since January 2020[5]. - The operating performance of the data center segment improved, with a profit of RMB 503 thousand, compared to a loss of RMB 2,401 thousand in the previous year[10]. - Major clients contributing over 10% of revenue included Client A from the data center segment, generating RMB 37,255 thousand in revenue for the nine months ended September 30, 2021[15]. - The group is actively expanding its data center business in China, which is expected to bring new revenue sources in the coming years[42]. Financial Position - The company’s total assets are primarily located in China, reflecting its operational focus in the region[13]. - The group recorded a comprehensive income of approximately RMB 86.1 million for the reporting period, an increase of approximately RMB 27.7 million or 47.4% year-on-year, mainly due to increased revenue from the data center segment[40]. - The group’s cost of sales was approximately RMB 81.3 million, an increase of about RMB 35.3 million or approximately 76.6% compared to the same period last year[48]. Shareholder Information - As of September 30, 2021, Mr. Ma Minghui held 245,300,400 shares, representing 27.04% of the issued share capital[63]. - Mr. Yi Cong held 116,580,000 shares, representing 12.85% of the issued share capital as of September 30, 2021[63]. - The total number of issued ordinary shares as of September 30, 2021, was 907,333,333 shares[66]. Corporate Governance - The company has maintained compliance with the GEM Listing Rules and corporate governance codes throughout the reporting period[83]. - The audit committee has reviewed the unaudited consolidated financial statements for the nine months ended September 30, 2021, confirming compliance with applicable accounting standards[77]. - The company has established a non-competition commitment with its executive directors to avoid conflicts of interest in business opportunities[73].
智昇集团控股(08370) - 2022 Q1 - 季度财报