Financial Performance - The Group's revenue for the nine months ended 31 December 2022 was approximately RMB1,295.42 million, representing an increase of approximately 4.91% compared to the same period in the previous fiscal year[3]. - Profit attributable to owners for the same period was approximately RMB123.01 million, with total comprehensive income attributable to owners amounting to approximately RMB125.09 million[4]. - Basic profit per share for the Group was approximately RMB0.035 for the period[21]. - The Group's total comprehensive income for the nine months was approximately RMB229.24 million, compared to RMB216.30 million in the previous year[24]. - The Group's profit for the period was RMB229.05 million, compared to RMB214.10 million in the previous year[24]. - The Group's current tax for the period was RMB23.51 million, a decrease from RMB28.25 million in the previous year[32]. - The Group's exchange differences from the translation of foreign operations amounted to RMB191, compared to RMB2,201 in the previous year[24]. - The Group's revenue for the nine months ended 31 December 2022 increased by 4.91% compared to the same period in 2021, reaching RMB 1,295,419,000[36]. - Sales of mineral concentrates surged by over 91.44% year-on-year, attributed to the full operation of Anhui Jinding Mining Co., Ltd. since the second quarter of the previous financial year[36]. - The blasting business revenue decreased by approximately 40.69% compared to the same period last year due to indirect shutdowns of infrastructure projects[36]. - The Group's explosive business showed significant revenue growth compared to the same period last year, although it still lagged behind the previous year's performance[75]. - For the nine-month period ended December 31, 2022, the Group's revenue from the sale of explosives increased significantly compared to the same period last year, despite the ongoing impact of rising raw material prices on gross profit[97]. Assets and Liabilities - As of 31 December 2022, the Group's net assets amounted to approximately RMB 1,818.08 million, an increase from RMB 1,436.60 million as of 31 March 2022[61]. - Current assets as of 31 December 2022 were approximately RMB 1,622.52 million, with cash and bank balances of approximately RMB 710.71 million[61]. - The Group did not have any significant investments during the nine months ended 31 December 2022[63]. - The Group's borrowings as of December 31, 2022, were secured by contract assets and trade receivables amounting to RMB 0 and RMB 5.33 million, respectively[89]. - The Group's capital expenditure contracted but not provided as of December 31, 2022, for the acquisition of property, plant, and equipment was RMB 39.02 million[69]. - The Group did not have any material contingent liabilities as of December 31, 2022[71]. Dividends - No dividend was recommended for the nine months ended 31 December 2022, consistent with the previous year[33]. - The Board does not recommend the payment of any dividend for the period[44]. - The Group did not recommend any dividend payment for the nine months ended December 31, 2022, consistent with the previous year[80]. Employment and Staff - The Group employed 1,355 full-time employees as of December 31, 2022, compared to 1,343 employees as of March 31, 2022[72]. - The Group's staff remuneration packages are aligned with prevailing market rates and include benefits such as mandatory provident fund and discretionary bonuses based on performance[107]. Corporate Governance - The quarterly report is unaudited but has been reviewed by the audit committee of the Company[13]. - The audit committee reviewed the Group's draft unaudited financial statements for the nine months ended 31 December 2022[175]. - The Company has complied with all code provisions set out in the Code on Corporate Governance Practices during the nine months ended 31 December 2022[160]. - The Company established an audit committee composed of three independent non-executive Directors to oversee financial reporting and internal control procedures[173]. - The Company has adopted a code of conduct regarding Directors' securities transactions that meets or exceeds the required standards of the GEM Listing Rules[183]. - The Company has maintained a higher standard of dealings for Directors' securities transactions than required by the GEM Listing Rules[183]. - The Company has not reported any non-compliance with the code of conduct regarding Directors' securities transactions during the nine months ended 31 December 2022[183]. Shareholding Structure - As of December 31, 2022, the Directors and chief executive held a total of 1,659,687,368 ordinary shares, representing approximately 46.64% of the shareholding[100]. - As of December 31, 2022, Shiny Ocean holds 1,361,516,331 ordinary shares, representing 38.26% of the total shareholding[137]. - The total number of ordinary shares held by Ma Family Holdings is 1,902,103,222, which includes interests of various parties[138]. - Ms. Ma Xia holds 172,166,037 ordinary shares, accounting for 4.84% of the total shares[150]. - Mr. Ma Qiang has interests in 1,902,103,222 ordinary shares, representing 53.45% of the total shareholding[144]. - Mr. Yang Tao is a beneficial owner of 274,919,268 ordinary shares, which is 7.73% of the total[146]. - The percentage of shareholding is calculated based on the number of issued shares of the Company as of December 31, 2022[153]. - The interests of Fabulous Seeker Holdings Limited in the Company amount to 80,811,927 shares[6]. - Crystal Sky Development Inc. holds 34,024,908 shares, equally owned by Ms. Qin and her husband[5]. - The total shareholding of the directors and chief executives as of December 31, 2022, shows no additional interests or short positions that need to be disclosed[135]. - The report indicates that the interests of various shareholders are interconnected through irrevocable undertakings among family members[154]. Business Strategy - The Group aims to enhance its business operations by promoting cooperation with Tibet Tianren Mining Co., Ltd., which is expected to contribute to business growth and provide a development platform[111]. - The Group's strategy includes steady promotion of its core businesses, including civil explosives production and sales, blasting operations, and mining engineering[111]. - The concentrate sales business of Anhui Jinding, a subsidiary of the Group, continues to grow, with plans to optimize management systems and improve processes to further increase revenue[98][110]. Taxation - The Group's effective tax rate for its subsidiaries in Tibet is 9%, while other subsidiaries have a tax rate of 15%[17]. - The effective income tax rate for the subsidiary in Lhasa is 9%, while the other two branches resumed a rate of 15%[78]. Other Information - The Group has not taken any foreign exchange hedging measures, as it does not perceive significant foreign exchange risk[105]. - The Group's blasting business showed some recovery in the third quarter, although it still faced a significant gap compared to the same period last year[97]. - The Group did not have any significant investments during the nine months ended 31 December 2022[63].
比优集团(08053) - 2023 Q3 - 季度财报