Financial Performance - Revenue decreased by 25.3% to approximately RMB 115.0 million compared to RMB 153.9 million in the same period last year[4] - Gross profit decreased by 42.7% to approximately RMB 10.2 million, with a gross margin of about 8.9% compared to 11.6% last year[4] - Loss attributable to equity holders of the company was approximately RMB 2.6 million, compared to RMB 0.8 million in the same period last year[4] - Basic loss per share was approximately RMB 0.33, compared to RMB 0.09 in the same period last year[4] - The company reported a total comprehensive loss of RMB 2.6 million for the nine months ended September 30, 2024[5] - Total revenue for the nine months ended September 30, 2024, was approximately RMB 115.0 million, a decrease of about RMB 38.9 million or 25.3% compared to RMB 153.9 million for the same period in 2023[26] - The company reported a pre-tax loss of RMB (2,967) thousand for the nine months ended September 30, 2024, compared to a loss of RMB (758) thousand in 2023[21] - The company's loss attributable to shareholders for the nine months ended September 30, 2024, was approximately RMB 2.6 million, compared to a loss of approximately RMB 0.8 million for the same period in 2023[39] Revenue Breakdown - Sales revenue from fabric products for the nine months ended September 30, 2024, was RMB 11,078,000, compared to RMB 62,662,000 in 2023, indicating a significant drop[13] - Revenue from dyeing services for the nine months ended September 30, 2024, increased to RMB 103,872,000 from RMB 91,199,000 in 2023, reflecting a growth of approximately 14%[13] - Sales revenue from fabric dyeing services for the nine months ended September 30, 2024, was approximately RMB 11.1 million, a decrease of about RMB 51.6 million or 82.3% compared to RMB 62.7 million for the same period in 2023[27] - Revenue from dyeing services for the nine months ended September 30, 2024, was approximately RMB 103.9 million, an increase of about RMB 12.7 million or 13.9% compared to RMB 91.2 million for the same period in 2023, primarily due to an increase in sales orders from customers[28] Expenses and Costs - Administrative expenses increased to RMB 9.0 million from RMB 7.2 million in the same period last year[5] - Research expenses decreased to RMB 4.6 million from RMB 7.0 million in the same period last year[5] - Cost of sales and services decreased from approximately RMB 136.1 million for the nine months ended September 30, 2023, to approximately RMB 104.7 million for the same period in 2024, a reduction of about RMB 31.4 million or 23.1%[29] - Gross profit for the nine months ended September 30, 2024, was approximately RMB 10.2 million, down from RMB 17.8 million in 2023, with the gross margin decreasing from approximately 11.6% to 8.9%[30] - Selling and distribution expenses decreased by approximately RMB 1.7 million or 81.0% to about RMB 0.4 million for the nine months ended September 30, 2024, primarily due to reduced transportation costs[33] - Administrative expenses increased by approximately RMB 1.8 million or 25.0% to about RMB 9.0 million for the nine months ended September 30, 2024, mainly due to increased legal and professional fees related to the resumption of trading[34] - Research and development expenses decreased to approximately RMB 4.6 million for the nine months ended September 30, 2024, from RMB 7.0 million in 2023, a reduction of about RMB 2.4 million[35] - Financial costs decreased by approximately RMB 0.7 million or 35.0% to about RMB 1.3 million for the nine months ended September 30, 2024, mainly due to reduced bank borrowings[36] Other Income and Financial Activities - Other income increased to RMB 3.6 million from RMB 1.7 million in the same period last year[5] - Other income for the nine months ended September 30, 2024, totaled RMB 3,589,000, up from RMB 1,705,000 in 2023, marking an increase of about 110%[16] - Interest income for the nine months ended September 30, 2024, was RMB 23,000, compared to RMB 7,000 in 2023, showing a rise of approximately 228.6%[16] - Government grants received during the nine months ended September 30, 2024, amounted to RMB 850,000, an increase from RMB 750,000 in 2023, representing a growth of about 13.3%[16] - The net loss from the sale of goods, factories, and equipment for the nine months ended September 30, 2024, was RMB 1,451,000, an improvement from a loss of RMB 1,909,000 in 2023[17] Corporate Governance and Compliance - The company has maintained compliance with applicable laws and regulations, with no significant violations impacting its operations during the reporting period[53] - There are no significant liabilities, ongoing legal proceedings, or potential litigation threats as of September 30, 2024[53] - The company has adhered to all applicable provisions of the corporate governance code, except for a deviation from clause C.2.1 regarding the separation of roles between the Chairman and the CEO[61] - The audit committee has reviewed the unaudited financial statements for the nine months ended September 30, 2024, and agreed that the accounting policies adopted are in compliance with current accounting standards[65] - The company is experiencing delays in publishing the annual results for the year ending December 31, 2023, due to pending audit matters, which may constitute a breach of GEM listing rules[65] - The company's shares will be suspended from trading on the stock exchange starting April 2, 2024, until further notice due to non-compliance with GEM listing rules[66] Strategic Plans and Market Position - The company is focusing on integrating resources and optimizing production equipment to enhance product quality and meet market demands[25] - The company plans to expand into new markets and strengthen its supply chain by adopting a "going out" strategy[25] - The group aims to enhance its R&D system and expand new product development to meet customer demand for environmentally integrated functional materials[41] - The company plans to expand its business and supply chain platform, recruit unlimited business personnel, and implement a sales recruitment incentive plan to enhance market share[42] - The group is committed to low-carbon and circular economy practices, aiming to drive green development in the industry[43] - The company has established a solid capital platform since its listing on the Growth Enterprise Market on February 26, 2019, and remains optimistic about market prospects[44] - The company will continue to adjust its strategic objectives and diversify its existing business to explore high-tech projects in 2024[43] Shareholder Information - Spring Sea Star Investment Limited holds 422,558,000 shares, representing approximately 52.82% of the company's issued share capital[48] - As of September 30, 2024, Spring Sea holds 422,558,000 shares, representing approximately 52.82% of the company's issued share capital[51] - Mr. Dai Shunhua and Ms. Song Xiaoying are the beneficial owners of Spring Sea, holding 53.98% and 46.02% of its shares respectively[52] - At least 25% of the issued shares are held by public shareholders, in accordance with GEM listing rules[54] - The company has not engaged in any purchases, sales, or redemptions of its listed securities during the reporting period[55] - There are no provisions for preemptive rights in the company's articles of association, allowing for the issuance of new shares without offering them to existing shareholders[56] - The company has not granted any stock options under its stock option plan since its adoption on February 26, 2019[57] - No related party transactions or continuing connected transactions requiring disclosure under GEM listing rules occurred during the reporting period[58] - There are no directors or controlling shareholders engaged in any competing business or holding any conflicting interests with the company during the reporting period[59] Use of Proceeds - The net proceeds from the listing amounted to approximately RMB 37.9 million (equivalent to about HKD 44.7 million) after deducting underwriting commissions and related expenses[60] - As of September 30, 2024, the actual utilized amount of the net proceeds was RMB 37.9 million, with specific allocations including RMB 5.2 million for renovating existing weaving factories and RMB 10.4 million for purchasing weaving machinery and equipment[60] - The company has revised the intended use of proceeds from the listing, as disclosed in the announcement dated April 19, 2020[60] - The company has utilized RMB 8.5 million for the purchase of a melt-blown fabric production line, which was not part of the original plan[60]
纳尼亚集团(08607) - 2024 Q3 - 季度业绩