Financial Performance - The company reported revenue of RMB 6,381,000 for the three months ended September 30, 2021, representing a 166% increase compared to RMB 2,401,000 in the same period of 2020[4]. - For the nine months ended September 30, 2021, the company achieved revenue of RMB 21,568,000, up 180% from RMB 7,690,000 in the prior year[4]. - The company recorded a net profit before tax of RMB 2,808,000 for the nine months ended September 30, 2021, compared to a loss of RMB 3,928,000 in the same period of 2020[4]. - The basic and diluted earnings per share for the nine months ended September 30, 2021, was RMB 0.17, compared to a loss of RMB 0.45 in the same period of 2020[4]. - The company reported total comprehensive income of RMB 1,434,000 for the nine months ended September 30, 2021, compared to a total comprehensive loss of RMB 3,503,000 in the same period of 2020[6]. - For the nine months ended September 30, 2021, the company recorded a net profit of approximately RMB 1.4 million, compared to a net loss of RMB 3.6 million for the same period in 2020, indicating a significant recovery in performance[28]. - Total revenue for the nine months ended September 30, 2021, reached RMB 21,568 thousand, compared to RMB 7,690 thousand for the same period in 2020, reflecting a growth of approximately 180%[16]. - The group recorded a net profit of approximately RMB 1.4 million for the nine months ended September 30, 2021, compared to a net loss of approximately RMB 3.6 million for the same period in 2020[37]. Expenses and Costs - The company’s employee benefit expenses increased to RMB 7,907,000 for the nine months ended September 30, 2021, from RMB 7,132,000 in the same period of 2020[4]. - Employee benefits expenses for the nine months ended September 30, 2021, totaled RMB 7,907 thousand, compared to RMB 7,132 thousand for the same period in 2020, indicating an increase of approximately 11%[19]. - The company reported project costs of RMB 8,735 thousand for the nine months ended September 30, 2021, compared to RMB 2,798 thousand for the same period in 2020, reflecting a significant increase[19]. - Project costs rose from approximately RMB 2.8 million for the nine months ended September 30, 2020, to approximately RMB 8.7 million for the nine months ended September 30, 2021, an increase of approximately RMB 5.9 million or 212.2%[32]. - Other operating expenses remained stable at approximately RMB 2.3 million for both the nine months ended September 30, 2020, and September 30, 2021[34]. - Financing costs related to lease liabilities were approximately RMB 8,000 for the nine months ended September 30, 2020, and zero for the same period in 2021[36]. Revenue Sources - Revenue from event management services for the three months ended September 30, 2021, was RMB 3,895 thousand, a substantial increase from RMB 246 thousand in the same period of 2020[16]. - Interest income for the nine months ended September 30, 2021, was RMB 243 thousand, up from RMB 130 thousand in the same period of 2020, representing an increase of 87%[16]. Shareholder and Governance Information - Major shareholders, QY Investment Holding Limited, holds 52.5% of the company's shares, with both Mr. Zhou and Ms. Song owning significant stakes[40][46]. - The company confirmed compliance with the GEM Listing Rules regarding securities trading by directors during the nine months ended September 30, 2021[50]. - The audit committee was established on October 21, 2019, and includes independent non-executive directors, ensuring compliance with GEM listing rules[57]. - The consolidated financial performance for the nine months ended September 30, 2021, was unaudited but reviewed by the audit committee, confirming compliance with applicable accounting standards and GEM listing rules[57]. Dividend Policy - The company did not recommend any dividend payment for the nine months ended September 30, 2021, consistent with the previous year[23]. - The board did not recommend any dividend for the nine months ended September 30, 2021, consistent with the previous year[38]. Future Outlook - The company anticipates that its future performance will depend on the pace of economic recovery in China, with expectations of a rebound in market demand if the impact of the pandemic is alleviated[29]. - The company faced challenges due to ongoing travel restrictions and public health policies, which affected service demand and led to postponed or canceled schedules[29]. Accounting and Compliance - The company is currently evaluating the impact of new accounting standards on its financial performance but has not identified any significant effects as of now[12]. - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2021[54]. - No stock options were granted, exercised, expired, or lapsed under the stock option plan during the nine months ended September 30, 2021[49].
旅橙文化(08627) - 2021 Q3 - 季度财报