Financial Performance - The revenue for the nine months ended December 31, 2021, was approximately RMB 1,234.82 million, representing a decrease of approximately 8.19% compared to the same period in the previous fiscal year[7]. - The profit attributable to owners for the same period was approximately RMB 117.92 million[9]. - The total comprehensive income attributable to owners for the period was approximately RMB 121.07 million[9]. - The basic profit per share for the period was approximately RMB 0.033[10]. - The Group recorded a gross profit of RMB 382.94 million, down from RMB 477.51 million in the previous year[16]. - Operating profit for the period was RMB 253.05 million, a decrease from RMB 386.21 million in the previous year[16]. - The Group's profit before income tax was RMB 243.32 million, compared to RMB 381.55 million in the previous year[16]. - Profit attributable to owners of the Company for the nine months ended December 31, 2021, was RMB 117,917, down 37.4% from RMB 188,623 in 2020[38]. - The Group's gross profit decreased by 19.81% due to the rise in raw material prices, which outpaced the increase in sales price[52]. Revenue Breakdown - Revenue from the sale of explosives was RMB 315,080 for the nine months ended December 31, 2021, down from RMB 475,512 in 2020, representing a decline of 33.7%[25]. - Total revenue for the nine months ended December 31, 2021, was RMB 1,234,819, a decrease of 8.2% compared to RMB 1,344,939 for the same period in 2020[25]. - The total turnover for the three months ended December 31, 2021, was RMB 449,829, compared to RMB 606,217 for the same period in 2020, indicating a decrease of 25.9%[25]. Expenses and Taxation - The Group's operating expenses increased to RMB 111.94 million from RMB 82.90 million in the previous year[16]. - Selling and distribution expenses increased by 55.40% for the nine months ended December 31, 2021, mainly due to the growth in the mining business and rising diesel prices[39]. - The effective income tax rate for the Group's PRC subsidiaries with New and Hi-tech Enterprise recognition is 15%[28]. - The current tax for the period for Tajikistan corporate income tax was RMB 28,254 for the nine months ended December 31, 2021[32]. - The Group has no assessable profit in the Cayman Islands, BVI, or Hong Kong, resulting in no provision for profits tax in these jurisdictions[26]. - The Group's subsidiaries in the Tibet Autonomous Region of the PRC are entitled to preferential tax rates of 15% and 9% respectively[31]. Assets and Liabilities - As of 31 December 2021, the Group's net assets amounted to approximately RMB1,290.80 million, an increase from RMB1,167.27 million as of 31 March 2021[39]. - Current assets were approximately RMB1,261.24 million as of 31 December 2021, with cash and bank balances of approximately RMB397.32 million[39]. - The Group's current liabilities amounted to approximately RMB1,140.32 million as of 31 December 2021, compared to RMB1,028.37 million as of 31 March 2021[40]. - There were no significant investments or material acquisitions during the nine months ended 31 December 2021[42]. - As of 31 December 2021, certain property, plant, and equipment valued at RMB15,133,000 and mining rights valued at approximately RMB108,625,000 were pledged to secure bank loans[44]. Employment and Shareholding - The Group had 1,312 full-time employees as of 31 December 2021, an increase from 901 employees as of 31 March 2021[50]. - The Group awarded a total of 27,069,000 shares to 56 eligible participants under the Share Award Scheme to recognize contributions to the Group's operations[50]. Corporate Governance - The Company has complied with all code provisions of the Corporate Governance Practices throughout the review period[75]. - The audit committee reviewed the draft unaudited financial statements for the nine months ended December 31, 2021[85]. - The Board of Directors includes six executive directors and three independent non-executive directors as of the report date[86]. Shareholding Structure - As of December 31, 2021, Shiny Ocean holds 1,361,516,331 ordinary shares, representing 38.26% of the total shares[68]. - Mr. Ma Suocheng has interests in 1,902,103,222 ordinary shares, accounting for 53.45% of the total shares[69]. - Ms. Ma Xia owns 172,166,037 ordinary shares, which is 4.84% of the total shares[69]. - The total number of shares held by Ma Family Holdings Co. Limited is 1,361,516,331 ordinary shares, equivalent to 38.26%[68]. - The interests of any parties to an agreement to acquire shares in the company total 1,729,937,185 ordinary shares, representing 48.61%[69]. - Mr. Yang Tao holds 274,919,268 ordinary shares, which is 7.73% of the total shares[69]. - Mr. Li Man owns 272,039,268 ordinary shares, accounting for 7.64% of the total shares[69]. - The total equity interests of Fabulous Seeker Holdings Limited amount to 80,811,927 shares[63]. - Crystal Sky Development Inc. holds 34,024,908 shares, with equal ownership by Ms. Qin and her husband[64]. - Pin On Everest Asset Holdings Ltd. has an interest in 3,660,000 shares, fully owned by Mr. Ma Tianyi[64]. - As of December 31, 2021, Mr. Lyu Wenhua holds 240,696,854 ordinary shares, representing approximately 6.76% of the total issued shares[71]. - During the nine months ended December 31, 2021, the Company did not purchase, sell, or redeem any of its listed shares[73]. - For the nine months ended December 31, 2021, there were no significant competing interests reported among Directors or management shareholders[74]. Acquisitions and Investments - The acquisition of Anhui Jinding Mining Co., Ltd. has started to provide stable income to the Group since its acquisition in October 2020[52]. - On December 30, 2021, the Group completed the acquisition of a 27% equity interest in a mining company, expanding its industrial chain and mineral resources[52]. - The target company's business includes the mining of molybdenum and copper ore, flotation processing, and sales of non-ferrous metal products[52]. - The Group aims to create stable revenue streams by integrating the new mining operations with its existing business of selling civilian explosives and providing blasting operations[52].
比优集团(08053) - 2022 Q3 - 季度财报