Financial Performance - Revenue decreased by 0.3% to approximately RMB 110,137,000 compared to RMB 110,428,000 in the previous year[6] - Gross profit decreased by 20.1% to approximately RMB 38,060,000, with a gross margin of 34.6% (previous year: 43.1%) [6] - The company reported a loss attributable to equity holders of approximately RMB 363,000, compared to a profit of RMB 10,410,000 in the previous year[6] - Basic loss per share was approximately RMB 0.01, down from basic earnings of RMB 0.27 per share in the previous year[6] - Operating profit for the nine months was RMB 4,630,274, a decrease from RMB 16,327,190 in the previous year[7] - The company’s total comprehensive loss for the period was RMB 362,655, compared to a total comprehensive income of RMB 10,410,437 in the previous year[8] Dividend Policy - The board of directors resolved not to declare any interim dividend for the nine months ended September 30, 2022, consistent with the previous year[6] - The company did not declare any interim dividends for the nine months ended September 30, 2022, consistent with the previous year[24] Research and Development - Research and development expenses for the nine months increased to RMB 7,636,134 from RMB 6,835,888 in the previous year[7] - R&D expenses increased from approximately RMB 6,836,000 for the nine months ended September 30, 2021, to approximately RMB 7,636,000 for the same period in 2022, reflecting an increase of RMB 800,000 or 11.7% due to increased work on environmental R&D projects with Jilin Petrochemical Design Institute[29] - The company aims to focus on the development of high-end water-based bentonite for application in water-based coatings, responding to the growing emphasis on environmentally friendly products[30] - The company continues to focus on promoting organoclay for paint and coatings, with significant growth in sales and profits for this product line[26] - The company is developing high-end water-based organoclay for environmentally friendly coatings and has received market recognition for its products[26] - The company will continue to develop new products, including high-performance flame-retardant composites based on non-metallic minerals in collaboration with Jiangnan University[32] Taxation - The company continues to benefit from tax incentives as a high-tech enterprise, with a tax rate of 15% for the next three years[21] - The company recorded a current tax expense of RMB 170,503 for the nine months ended September 30, 2022, compared to a tax expense of RMB (1,676,348) for the same period in 2021[21] Shareholder Information - As of September 30, 2022, major shareholder Yu Hua holds 3,576,000 shares, representing approximately 9.31% of the issued share capital[37] - At least 25% of the issued share capital is held by public shareholders as of the reporting period[41] Corporate Governance - The company has adhered to the corporate governance code, with a commitment to high standards and value creation for shareholders[43] - The roles of the Chairman and CEO are currently held by the same individual, Zhang Youlian, which the board believes provides strong leadership and effective long-term strategy implementation[43] - The audit committee, established in March 2014, consists of three independent non-executive directors and is responsible for overseeing financial reporting and internal controls[47] - The audit committee has reviewed the unaudited consolidated financial report for the nine months ending September 30, 2022, and confirmed compliance with accounting standards and GEM listing rules[50] - The company has not purchased liability insurance for directors and executives due to ongoing considerations of proposals from various underwriters[45] Business Development - The company has confirmed a preliminary business agreement with APP Group, one of the largest paper groups in Southeast Asia, to expand its overseas market presence[26] - The group plans to enhance the use of modified bentonite in paper coatings to improve rheological properties and surface quality of coated paper[32] Other Information - The company was incorporated in December 2000 and listed on the GEM of the Hong Kong Stock Exchange in January 2015[12] - There are no significant events occurring after the reporting period as of the report date[51] - The company will distribute the quarterly report for the nine months ending September 30, 2022, to shareholders and publish it on its website and the stock exchange[52]
长安仁恒(08139) - 2022 Q3 - 季度财报