Financial Performance - For the three months ended September 30, 2021, the revenue was RMB 71,267,000, representing an increase of 10.3% compared to RMB 64,454,000 for the same period in 2020[7]. - The gross profit for the nine months ended September 30, 2021, was RMB 55,084,000, up 8.2% from RMB 50,985,000 in the previous year[7]. - Operating profit for the three months ended September 30, 2021, was RMB 13,591,000, a significant increase of 128.5% from RMB 5,963,000 in the same period last year[7]. - The net profit for the nine months ended September 30, 2021, was RMB 25,651,000, compared to RMB 14,330,000 for the same period in 2020, reflecting an increase of 79.1%[7]. - The total comprehensive income for the three months ended September 30, 2021, was RMB 10,083,000, compared to RMB 5,818,000 in the same period last year, marking a growth of 73.9%[7]. - The company reported a profit attributable to equity holders of RMB 25.7 million for the nine months ended September 30, 2021, up from RMB 14.3 million in the same period of 2020, representing an increase of approximately 79.5%[31]. - Profit for the period increased from approximately RMB 14.3 million to approximately RMB 25.7 million, an increase of about RMB 11.3 million or approximately 79.0%[47]. Earnings Per Share - The company reported a basic and diluted earnings per share of RMB 1.67 for the three months ended September 30, 2021, compared to RMB 0.77 for the same period in 2020[7]. - The company reported a basic earnings per share of RMB 41.7 for the nine months ended September 30, 2021, compared to RMB 29.0 for the same period in 2020[31]. Revenue Growth - The company's revenue for the nine months ended September 30, 2021, increased by approximately 11.9% to about RMB 190.8 million from RMB 170.5 million for the same period in 2020[34]. - Revenue from the "Jazz Rabbit" brand products reached RMB 171.6 million for the nine months ended September 30, 2021, compared to RMB 151.9 million in the previous year, reflecting a growth of approximately 12.9%[22]. - Revenue increased from approximately RMB 170.5 million to approximately RMB 190.8 million, representing a growth of about RMB 20.2 million or approximately 11.9%[38]. Expenses and Costs - Cost of sales rose from approximately RMB 119.6 million to approximately RMB 135.7 million, an increase of about RMB 16.1 million or approximately 13.5%[39]. - Gross profit increased from approximately RMB 51.0 million to approximately RMB 55.1 million, a rise of about RMB 4.1 million or approximately 8.0%[40]. - Administrative and other operating expenses decreased from approximately RMB 22.1 million to approximately RMB 11.2 million, a reduction of about RMB 10.9 million or approximately 49.2%[41]. - The overall gross profit margin slightly decreased from approximately 29.9% to approximately 28.9% due to increased depreciation expenses[40]. - Income tax expenses increased from approximately RMB 6.3 million to approximately RMB 9.0 million, primarily due to an increase in profit before tax from approximately RMB 20.6 million to approximately RMB 34.7 million[46]. Cash and Equity - The total equity attributable to the owners of the company as of September 30, 2021, was RMB 155,777,000, an increase from RMB 130,078,000 as of January 1, 2021[9]. - The company’s cash and cash equivalents increased to RMB 84,761,000 as of September 30, 2021, compared to RMB 59,110,000 at the beginning of the year[9]. Strategic Plans and Investments - The company plans to continue expanding its market presence and investing in new product development to drive future growth[14]. - The company continues to focus on expanding its market share through the utilization of funds raised from its listing on the GEM on July 13, 2020[35]. - The company has maintained a strong demand for its disposable plastic lunch boxes, which is expected to drive future growth[34]. - The company entered into an equity purchase agreement to acquire 100% of June Pictures & Media Limited for a total consideration of RMB 72 million[36]. - The company agreed to acquire 100% of June Pictures & Media Limited for RMB 72,000,000 (approximately HKD 86,400,000), to be paid through the issuance of 336,000,000 new shares at HKD 0.18 each[62]. - No significant investments, acquisitions, or disposals were made by the group in the nine months ending September 30, 2021, apart from the aforementioned transaction[63]. Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules during the nine months ending September 30, 2021[64]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the nine months ending September 30, 2021, and found compliance with applicable accounting standards and GEM listing rules[70]. - The company has adopted a code of conduct regarding securities trading by directors, with no violations reported during the nine months ending September 30, 2021[68]. - The company has no known conflicts of interest among directors or major shareholders as of September 30, 2021[59]. - The company’s compliance advisor reported no interests that need to be disclosed under GEM listing rules as of September 30, 2021[60]. - The roles of the chairman and CEO are separated and held by different individuals, ensuring clear governance structure[64]. Dividends - The company did not declare or propose any dividends for the nine months ended September 30, 2021[29]. - The company declared and paid a total dividend of RMB 7,522,185 on July 2, 2020, but no dividends were declared or proposed for the nine months ending September 30, 2021[69].
易和国际控股(08659) - 2021 Q3 - 季度财报