Financial Performance - For the nine months ended September 30, 2022, the revenue was approximately RMB 202,536,000, a decrease of about 45.4% compared to the same period in 2021[5]. - The net loss attributable to the owners of the company for the nine months ended September 30, 2022, was approximately RMB 18,836,000, an increase in loss of about 108.4% compared to the same period in 2021[6]. - For the three months ended September 30, 2022, the revenue was approximately RMB 23,501,000, a decrease of about 78.6% compared to the same period in 2021[6]. - The gross profit for the nine months ended September 30, 2022, was RMB 20,580,000, down from RMB 51,007,000 in the same period of 2021[7]. - The basic and diluted loss per share for the nine months ended September 30, 2022, was RMB (1.24), compared to RMB (0.40) for the same period in 2021[9]. - The total comprehensive loss for the nine months ended September 30, 2022, was RMB (18,066,000), compared to RMB (2,692,000) for the same period in 2021[9]. - The company reported a total revenue decline of approximately RMB 168,472,000 for the nine months ended September 30, 2022, compared to the previous year[6]. - The total revenue for the nine months ended September 30, 2022, was RMB 192,451 thousand, compared to RMB 360,804 thousand for the same period in 2021, indicating a decrease of approximately 46.6%[22]. - For the three months and nine months ended September 30, 2022, the company's consolidated revenue was RMB 23,501,000 and RMB 202,536,000, representing a decrease of approximately RMB 86,101,000 (78.6%) and RMB 168,472,000 (45.4%) compared to the same periods in 2021[38]. - The company reported a loss attributable to ordinary equity holders of approximately RMB 5,091,000 for the three months and RMB 18,836,000 for the nine months ended September 30, 2022, which is an increase in loss of approximately RMB 3,435,000 (207.4%) and RMB 9,799,000 (108.4%) compared to the same periods in 2021[38]. - The gross profit margin decreased from RMB 51.0 million for the three months ended September 30, 2021, to RMB 20.6 million for the same period in 2022, a reduction of 26.1%[38]. Administrative Expenses - The company experienced a significant increase in administrative expenses, which totaled RMB (7,096,000) for the nine months ended September 30, 2022, compared to RMB (6,672,000) in the same period of 2021[7]. - Administrative expenses were reduced by 37.5% compared to the same period in 2021, as the company implemented strict cost control measures[39]. Dividend Policy - The board of directors did not recommend the payment of any dividends for the nine months ended September 30, 2022[5]. - The company does not recommend the payment of dividends for the current period, consistent with the previous year[37]. Financial Reporting Standards - The company’s financial statements are prepared in accordance with Hong Kong Financial Reporting Standards[12]. - The company applied revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial position or performance for the current and prior years[15]. - The company expects that the application of new and revised Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements in the foreseeable future[21]. - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[16]. Business Strategy and Market Position - The company continues to focus on maintaining its market position as a software development supplier in China while actively exploring new business opportunities[40]. - The company is preparing for future development opportunities by enhancing its technical reserves and optimizing collection strategies with existing clients[42]. - Jiangsu Zhiya Online Education Co., Ltd. is intensifying new product development to meet the needs of vocational colleges, integrating resources from within and outside the education park[43]. - The company is leveraging technologies such as artificial intelligence and VR to enhance the interactive teaching experience of remote courses, receiving positive market feedback[43]. - The company is focusing on product development for government and higher education sectors, improving user experience and aligning more precisely with user needs[44]. - The company aims to continuously adjust and optimize its business strategy to explore broader development opportunities in the new economic landscape[45]. Shareholder Information - As of September 30, 2022, the company had issued a total of 411,000,000 shares, comprising 347,850,000 domestic shares and 63,150,000 H shares[47]. - Mr. Zhu Yongning holds 102,597,967 domestic shares, representing 29.49% of the domestic shares and 24.96% of the total equity[47]. - Jiangsu Kenen Electric Power Technology Co., Ltd. holds 101,100,000 domestic shares, accounting for 29.06% of the domestic shares and 24.60% of the total equity[53]. - Jiangsu NandaSoft Technology Company Limited's major shareholder, Jiangsu Kenen Electric Technology Co., Ltd., holds 101,100,000 domestic shares, representing a significant ownership stake[55]. Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and risk management[61]. - As of September 30, 2022, the company has complied with the GEM Listing Rules, except for a minor deviation in corporate governance code A.2.1[59]. - The company emphasizes maintaining high corporate governance standards to enhance transparency and risk control, aiming to deliver long-term value to shareholders[59]. - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries during the nine months ending September 30, 2022[62]. Economic Environment - The overall economic downturn is showing signs of stabilization, with favorable policies injecting momentum into economic growth, although uncertainties remain dominant[45]. - The company plans to deepen its research on industry development trends and increase market demand research efforts to adapt to the new economic environment[45]. Revenue Recognition Challenges - Jiangsu Changtian Zhiyuan Traffic Technology Co., Ltd. faced significant revenue recognition challenges due to COVID-19, impacting project progress and overall performance[38].
南大苏富特(08045) - 2022 Q3 - 季度财报