Financial Performance - Revenue increased by 7.4% to approximately RMB 28,793,000 compared to RMB 26,798,000 in the same period last year[6] - Gross profit decreased by 14.1% to approximately RMB 9,653,000, with a gross margin of 33.5% compared to 41.9% last year[6] - The company reported a loss attributable to equity holders of approximately RMB 1,730,000, compared to a profit of approximately RMB 1,071,000 in the previous year[6] - Basic loss per share was approximately RMB 0.05, compared to earnings of approximately RMB 0.03 per share in the previous year[6] - No dividend was declared for the three months ended March 31, 2022, consistent with the previous year[6] - Operating loss for the period was RMB 964,401, compared to an operating profit of RMB 2,353,460 in the same period last year[7] - The company experienced a net loss before tax of RMB 2,354,444, compared to a profit before tax of RMB 1,123,600 in the previous year[7] - Total comprehensive loss attributable to equity holders was RMB 1,730,073 for the period[7] - The company’s total equity attributable to equity holders decreased to RMB 111,976,731 as of March 31, 2022, from RMB 113,706,804 at the beginning of the year[8] Revenue and Sales - For the three months ended March 31, 2022, the company's revenue was approximately RMB 28,793,480, an increase of about RMB 1,995,765 or 7.4% compared to RMB 26,797,715 for the same period in 2021[28] - The sales of organic bentonite increased significantly, contributing to the revenue growth, while sales of metallurgical pellet bentonite decreased[28] Expenses - Research and development expenses increased to RMB 1,976,500 from RMB 1,239,454 in the previous year[7] - Distribution costs for the same period were approximately RMB 3,827,000, an increase of about RMB 210,000 or 5.8% compared to RMB 3,617,000 in 2021[30] - Administrative expenses rose to approximately RMB 4,883,000, an increase of about RMB 112,000 or 2.3% from RMB 4,771,000 in the previous year[30] - Research and development expenses increased by 59.6% to approximately RMB 1,977,000 from RMB 1,239,000 in the same period last year, primarily due to increased projects in the environmental protection sector[30] Corporate Governance and Shareholding - As of March 31, 2022, Mr. Zhang Youlian holds 19,220,600 shares, representing approximately 50.05% of the issued share capital[35] - Ms. Yu Hua owns 3,576,000 shares, accounting for approximately 9.31% of the issued share capital[39] - The company maintains at least 25% of its issued share capital held by public shareholders[43] - The company has adhered to all applicable provisions of the corporate governance code during the reporting period[47] - The audit committee was established on March 26, 2014, and consists of three independent non-executive directors[50] - The audit committee's main responsibilities include reviewing financial reports and ensuring the effectiveness of internal controls[50] Future Developments and Initiatives - The company continues to focus on promoting organic bentonite for paint and coatings, with significant market recognition and growth in sales and profits[27] - The proposed "high-suspension nano inorganic gel" product has been included in the Ministry of Industry and Information Technology's key new materials application demonstration catalog[27] - The company is focusing on the development of high-end water-based bentonite, responding to the increasing demand for environmentally friendly coatings[32] - The company aims to improve paper quality by enhancing ash content and reducing fiber raw material usage through the development of ash-promoting agents[32] - The company plans to collaborate with Jiangnan University to develop high-performance flame-retardant composite materials based on non-metallic minerals[34] - The company is committed to green mining construction in line with national sustainable development requirements[34] - The company is developing inorganic modified bentonite products to meet the stability performance requirements of various water-based coatings[32] Reporting and Compliance - The effective tax rate for the company is 15% due to the high-tech enterprise certification, which provides tax incentives for three years[20] - The company has not engaged in any related party transactions during the reporting period[41] - As of March 31, 2022, there were no significant post-reporting period events[52] - The company will send the quarterly report for the three months ending March 31, 2022, to shareholders and publish it on its website[53]
长安仁恒(08139) - 2022 Q1 - 季度财报