Financial Performance - Revenue for Q1 2022 was RMB 31,783,000, a decrease of 6.9% compared to RMB 34,783,000 in Q1 2021[7] - Gross profit for the quarter was RMB 4,181,000, down 18.9% from RMB 5,155,000 in the same period last year[8] - Profit before tax decreased to RMB 1,415,000, representing a decline of 39.4% from RMB 2,336,000 in Q1 2021[11] - Net profit for the period was RMB 1,393,000, a decrease of 38.3% compared to RMB 2,256,000 in the previous year[13] - The group's revenue for the three months ended March 31, 2022, was approximately RMB 14,783,000, a decrease of about 13% compared to RMB 16,952,000 for the same period in 2021[72] - The overall gross profit for the three months ended March 31, 2022, was approximately RMB 4,181,000, with a gross margin of 19%, down from 23% in the same period of 2021[73] - The group recorded a profit of approximately RMB 1,393,000 for the three months ended March 31, 2022, down from RMB 2,256,000 for the same period in 2021, representing a decline of about 38.2%[79] Earnings and Shares - Basic and diluted earnings per share remained at RMB 0.27, unchanged from Q1 2021[15] - The basic earnings per share for the three months ended March 31, 2022, was calculated based on a profit attributable to equity holders of approximately RMB 510,000, consistent with the same period in 2021[65] - The group did not declare or pay any dividends for the three months ended March 31, 2022, similar to the previous year[67] Expenses - Selling and distribution expenses increased to RMB 852,000, up 114.4% from RMB 397,000 in the same period last year[10] - Administrative expenses decreased to RMB 2,090,000, down 13.1% from RMB 2,405,000 in Q1 2021[10] - Financial expenses slightly decreased to RMB 113,000 from RMB 129,000 in the previous year[10] - Selling and distribution expenses rose to approximately RMB 852,000, an increase of 115% compared to RMB 397,000 in the previous year, mainly due to increased delivery costs and expansion costs in the aquarium products sales department[75] - Administrative expenses decreased to approximately RMB 2,090,000, a reduction of 13% from RMB 2,405,000 in the same period last year, primarily due to lower legal costs and employee expenses[76] - For the three months ended March 31, 2022, the group's financial expenses were approximately RMB 113,000, a decrease from RMB 129,000 for the same period in 2021[77] Other Income and Gains - Other income and gains for the quarter were RMB 289,000, a significant increase of 158.0% from RMB 112,000 in Q1 2021[9] - Other income and gains increased from RMB 112,000 to approximately RMB 289,000, representing a 158% increase year-over-year, primarily due to increased realized gains on financial assets measured at fair value[74] Corporate Governance and Future Plans - The company continues to focus on the production and sale of firefighting equipment and pressure vessels, as well as providing related inspection services[22] - The company remains optimistic about the recovery of the Chinese economy from the global COVID-19 pandemic and plans to enhance sales of aquatic products through improved production capacity[84] - The company is considering utilizing fundraising channels to develop and acquire profitable related enterprises to accelerate profit growth and establish itself as a major supplier of firefighting equipment and services in China[84] - The company is committed to promoting good corporate governance, aiming to enhance transparency and improve risk management and business performance[98] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited financial results for the three months ending March 31, 2022[102] Shareholding and Securities - As of March 31, 2022, no individual or entity was reported to hold 5% or more of the company's issued share capital[94] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the three months ending March 31, 2022[96] - The company has pledged a total of 131,870,000 shares as collateral for a loan of RMB 198,000,000, with a partial repayment of RMB 63,000,000 required to release the pledged shares[92] Related Party Transactions - The group did not engage in any significant transactions with related parties during the three months ended March 31, 2022[70] Taxation - The actual tax rate for the group for the three months ended March 31, 2022, was 2%, a decrease from 4% for the same period in 2021, primarily due to a reduction in taxable profits[80] - Non-controlling interests accounted for approximately RMB 883,000 of the profit for the three months ended March 31, 2022, compared to RMB 1,746,000 for the same period in 2021, reflecting a decrease of about 49.5%[81] Accounting Standards - The group did not apply any new accounting standards or interpretations that had not yet come into effect during the reporting period[24]
上海青浦消防(08115) - 2022 Q1 - 季度财报