Financial Performance - The Group's turnover for the quarter ended 30 June 2023 was approximately RMB 333.75 million, representing a decrease of approximately 28.86% compared to the corresponding period in the previous fiscal year[9]. - The profit attributable to owners for the Quarterly Period was approximately RMB 54.88 million[9]. - The total comprehensive income attributable to owners for the Quarterly Period was approximately RMB 56.12 million[9]. - Basic and diluted earnings per share for the Group was approximately RMB 0.016 for the Quarterly Period[9]. - Gross profit for the quarter was RMB 130.16 million, with a gross profit margin reflecting a significant decrease from the previous year[12]. - The Group's profit before income tax for the period was RMB 116.39 million, compared to RMB 127.28 million in the previous year[12]. - The total comprehensive income for the period (net of tax) was RMB 108.11 million, down from RMB 141.06 million in the previous year[13]. - The Group's revenue from principal activities was RMB 333.75 million, down from RMB 469.16 million in the same quarter last year[12]. - The Group's operating profit was RMB 118.77 million, compared to RMB 131.15 million in the previous year[12]. - Revenue for the three months ended June 30, 2023, was RMB 333,746,000, a decrease of 29% compared to RMB 469,164,000 for the same period in 2022[27]. - The profit attributable to the owners of the Company for the three months ended June 30, 2023, was RMB 54,882,000, a decrease from RMB 62,670,000 in 2022, representing a decline of approximately 12.7%[55]. Dividend and Taxation - The Board does not recommend the payment of any dividend for the Quarterly Period[9]. - The company does not recommend any dividend payment for the quarterly period, consistent with the previous year[43]. - The company reported a current tax expense of RMB 9,552,000 for the quarter, compared to RMB 10,027,000 in the previous year[34]. - The effective income tax rate for certain subsidiaries in Tibet is 9% until 2025, after which it will revert to 15%[41]. - The company has three PRC subsidiaries recognized as New and Hi-tech Enterprises, entitled to a preferential EIT rate of 15% for three years[29]. Sales and Operations - Sales of explosives increased to RMB 189,141,000, up 17% from RMB 161,042,000 in the previous year[27]. - Mining operations revenue decreased to RMB 108,803,000, down 13% from RMB 125,251,000 in the same period last year[27]. - The total sales from blasting operations and mine construction were RMB 35,802,000, significantly lower than RMB 182,871,000 in the previous year[27]. - The Group's blasting operations and mine operation businesses declined significantly due to market conditions and the discontinuation of some businesses in Tibet[56]. - The newly added gold extraction project within the Anhui Jinding project has caused a lag in sales for some products, impacting financial indicators for the Quarterly Period[56]. Shareholding and Ownership - As of June 30, 2023, Ms. Qin Chunhong holds 34,024,908 shares, representing approximately 0.96% of the total shares[46]. - The beneficial owner, Ms. Ma Ye, holds 126,005,000 shares, which is about 3.54% of the total shares[46]. - Shiny Ocean is a beneficial owner of 1,361,516,331 shares, accounting for 38.26% of the total shares[52]. - Mr. Ma Suocheng has interests in 1,902,103,222 shares, representing 53.45% of the total shares[53]. - Mr. Ma Qiang holds 1,902,103,222 ordinary shares, representing approximately 53.45% of the total shareholding[70]. - Mr. Yang Tao and Mr. Li Man hold 274,919,268 shares (7.73%) and 272,039,268 shares (7.64%) respectively[70]. - The interests of Crystal Sky Development Inc. include 34,024,908 shares, equally owned by Ms. Qin and her husband[47]. - As of June 30, 2023, no other Directors or chief executives had any interests or short positions in shares that required disclosure[48]. - The percentage of shareholding is calculated based on the number of issued shares as of June 30, 2023[71]. - The entire issued share capital of Ma Family Holdings Co. Limited is owned by Equity Trustee Limited as trustee of the Ma Family Trust[71]. - The company has not been notified of any other person with a discloseable interest in the shares as of June 30, 2023[71]. Corporate Governance and Compliance - The company has complied with the Corporate Governance Code throughout the quarterly period[65]. - The audit committee consists of three independent non-executive directors[65]. - The company has adopted a code of conduct for directors' securities transactions[65]. - The company is focused on maintaining compliance with GEM Listing Rules[65]. - The unaudited financial statements for the first quarter of 2023/2024 have been reviewed by the audit committee[65]. Future Projects and Developments - The Group is progressing steadily on several new projects, including the gold extraction project in Anhui Jinding Mining and the approval of Tibet Tianren Mining[45]. - The Group is preparing a new 100,000-tonne on-site intelligent production system for mixed explosives[45]. - The Group is also preparing a detonating tube production line project in Tajikistan[45]. - The Group's borrowings are secured by mining rights valued at approximately RMB 120,900,000, an increase from RMB 107,420,000 in 2022[56]. - The Group has hoarded more than 150,000 tons of sulfur concentrate as part of a construction project to extract gold and iron components, expected to be completed by September 2023[56]. - The Group is confident in maintaining a stable business scale but faces considerable resistance in seeking further development in the industry[56].
比优集团(08053) - 2024 Q1 - 季度财报