Financial Performance - Revenue for the three months ended September 30, 2021, was RMB 75.71 million, a slight increase from RMB 74.12 million in the same period of 2020, representing a growth of 2.14%[4] - Gross profit for the nine months ended September 30, 2021, was RMB 49.33 million, down 14.67% from RMB 57.75 million in the same period of 2020[4] - The net profit for the three months ended September 30, 2021, was RMB 0.66 million, a decrease of 90.18% compared to RMB 6.71 million in the same period of 2020[4] - The total comprehensive income for the nine months ended September 30, 2021, was RMB 9.67 million, down 54.38% from RMB 21.17 million in the same period of 2020[4] - The company reported a basic and diluted earnings per share of RMB 0.08 for the three months ended September 30, 2021, compared to RMB 0.84 in the same period of 2020[4] - Total revenue for the nine months ended September 30, 2021, was approximately RMB 222.726 million, an increase of RMB 24.353 million or 12.3% compared to RMB 198.373 million for the same period in 2020[23] - Profit for the nine months ended September 30, 2021, was approximately RMB 10.077 million, a decrease of RMB 11.192 million or 52.6% compared to RMB 21.269 million for the same period in 2020[23] Expenses and Costs - The company incurred financing costs of RMB 1.48 million for the nine months ended September 30, 2021, down 21.43% from RMB 1.88 million in the same period of 2020[4] - Distribution and selling expenses for the three months ended September 30, 2021, were RMB 6.90 million, a decrease of 29.49% from RMB 9.80 million in the same period of 2020[4] - The sales cost for the period was approximately RMB 173,394,000, an increase of about RMB 32,766,000 or 23.3% compared to the same period in 2020[28] - Gross profit for the period was approximately RMB 49,332,000, a decrease of about RMB 8,413,000 or 14.6% compared to the same period in 2020, with a gross margin of approximately 22.1%, down 7.0% from 29.1% in 2020[29] - Distribution and selling expenses amounted to approximately RMB 21,732,000, an increase of about RMB 3,578,000 or 19.7% compared to the same period in 2020[31] - Administrative expenses were approximately RMB 13,488,000, an increase of about RMB 792,000 or 6.2% compared to the same period in 2020[32] Revenue Breakdown - Revenue from inflatable amusement products with blowers was approximately RMB 198.936 million, an increase of RMB 19.983 million or 11.2%, accounting for about 89.3% of total revenue[25] - Revenue from other inflatable products decreased by approximately RMB 854,000 or 45.0%, accounting for about 0.5% of total revenue[25] - Revenue from electronic solar products increased by approximately RMB 1.643 million or 22.7%, accounting for about 4.0% of total revenue[25] - Revenue from inflatable product-related accessories and subcontracting work increased by approximately RMB 3.581 million or 34.8%, accounting for about 6.2% of total revenue[25] Equity and Dividends - The total equity attributable to owners of the company as of September 30, 2021, was RMB 131.58 million, an increase from RMB 120.60 million as of September 30, 2020[5] - The company did not recommend any interim dividend for the nine months ended September 30, 2021[21] - The board did not recommend any interim dividend for the period[36] Other Financial Information - The company experienced a foreign exchange loss of RMB 0.09 million for the three months ended September 30, 2021, compared to a loss of RMB 0.90 million in the same period of 2020[4] - Other income and gains totaled approximately RMB 1,072,000, an increase of about RMB 468,000 or 77.5% compared to the same period in 2020[30] - Financing costs recorded interest on lease liabilities of approximately RMB 1,480,000, a decrease of about RMB 404,000 or 21.4% compared to the same period in 2020[33] - The company has not purchased, sold, or redeemed any of its securities during the period[45] - The audit committee reviewed the unaudited condensed consolidated financial results, ensuring compliance with applicable accounting standards and GEM listing rules[48] Future Outlook - The company aims to maintain stable sales growth and focus on technological improvements to reduce production costs despite challenges from rising material costs and transportation expenses in the fourth quarter of 2021 and next year[24] - The company has not disclosed specific future outlook or guidance in the provided content[4] Tax Information - The company’s Hong Kong profits tax rate is 16.5%, while its Chinese subsidiaries are subject to a 25% corporate income tax rate unless preferential rates apply[17]
中国口腔产业(08406) - 2021 Q3 - 季度财报