Revenue Performance - The group's revenue for the three months ended March 31, 2022, decreased by approximately 7.0% to about RMB 319 million, compared to RMB 343 million for the same period in 2021[7]. - Revenue from the stamping parts manufacturing segment increased by 26.0% to approximately RMB 97 million for the three months ended March 31, 2022, compared to RMB 77 million for the same period in 2021[11]. - Revenue from the plastic parts manufacturing segment decreased by 12.9% to approximately RMB 115 million for the three months ended March 31, 2022, compared to RMB 132 million for the same period in 2021[13]. - Revenue from the painting peripheral parts processing segment decreased by 29.7% to approximately RMB 26 million for the three months ended March 31, 2022, compared to RMB 37 million for the same period in 2021[14]. - Revenue from the spraying peripheral parts processing segment decreased by 16.5% to approximately RMB 81 million for the three months ended March 31, 2022, compared to RMB 97 million for the same period in 2021[15]. - For the first quarter ended March 31, 2022, the company's revenue was RMB 31,857,000, a decrease of 7.1% compared to RMB 34,295,000 in the same period of 2021[24]. - Revenue from stamping parts increased to RMB 9,660,000 in the first quarter of 2022, up 24.0% from RMB 7,748,000 in the same period of 2021[33]. - Revenue from spray-painted parts decreased to RMB 2,558,000, down 30.2% from RMB 3,662,000 in the first quarter of 2021[33]. - Revenue from plastic parts was RMB 11,534,000, a decrease of 12.5% compared to RMB 13,172,000 in the first quarter of 2021[33]. Profit and Loss - The group recorded a loss of approximately RMB 10 million for the three months ended March 31, 2022, which is a decrease of RMB 6 million or 37.5% compared to the same period in 2021[7]. - The group's gross profit for the three months ended March 31, 2022, was approximately RMB 41 million, a decrease of about 8.9% compared to RMB 45 million for the same period in 2021[16]. - The gross profit margin for the three months ended March 31, 2022, was approximately 12.9%, a decrease of about 0.2 percentage points compared to 13.1% for the same period in 2021[16]. - The gross profit for the first quarter of 2022 was RMB 4,116,000, down from RMB 4,476,000 in the first quarter of 2021, representing a decline of 8.1%[24]. - The company reported a loss before tax of RMB 962,000 for the first quarter of 2022, an improvement from a loss of RMB 1,634,000 in the same period of 2021, indicating a reduction in losses by 41.1%[24]. - The basic and diluted loss per share for the first quarter of 2022 was RMB 0.23, compared to RMB 0.39 in the first quarter of 2021, reflecting a 41.0% improvement[24]. - For the three months ended March 31, 2022, the company reported a total loss of RMB 962,000, compared to a loss of RMB 1,634,000 for the same period in 2021, indicating a reduction in losses by approximately 41.1%[41]. Expenses - Selling and distribution expenses decreased by 17.6% to approximately RMB 14 million for the three months ended March 31, 2022, compared to RMB 17 million for the same period in 2021[18]. - Administrative expenses decreased by 21.1% to approximately RMB 30 million for the three months ended March 31, 2022, compared to RMB 38 million for the same period in 2021[19]. Assets and Liabilities - The company's total current assets as of March 31, 2022, were approximately RMB 1,132 million, an increase from RMB 1,097 million as of December 31, 2021[52]. - The company's net asset value was approximately RMB 765 million as of March 31, 2022, a decrease of about 1.4% from RMB 776 million as of December 31, 2021[52]. - The debt-to-equity ratio of the company was approximately 58.0% as of March 31, 2022, compared to 45.5% as of December 31, 2021, indicating an increase in leverage[52]. - The total current liabilities amounted to approximately RMB 762 million as of March 31, 2022, which primarily included trade and other payables as well as bank borrowings[52]. Cash and Dividends - The company had approximately RMB 282 million in cash and bank balances as of March 31, 2022, down from RMB 356 million as of December 31, 2021[52]. - The company did not declare an interim dividend for the three months ended March 31, 2022, consistent with the previous year[39]. Shareholder Information - The company’s major shareholders include Mr. Fan, who holds a 53.25% stake, and Mr. Zhou, who holds a 21.75% stake in the company[45]. - The weighted average number of ordinary shares issued for the three months ended March 31, 2022, was 420,000, resulting in a basic loss per share of RMB 2.29, compared to RMB 3.89 for the same period in 2021[41]. Compliance and Governance - The audit committee has reviewed the group's unaudited financial performance for the period ending March 31, 2022, ensuring compliance with applicable accounting standards and GEM listing rules[68]. - The company confirms compliance with the minimum public float requirement of 25% as of March 31, 2022[65]. Future Plans and Investments - The company plans to enhance production capacity for stamping components and related labor costs through the acquisition of automated rolling production lines and stamping machines, with an expected expenditure of HKD 4.1 million[58]. - The company has not made any significant investments, acquisitions, or disposals of subsidiaries or associates during the reporting period ending March 31, 2022[56]. Treasury and Risk Management - The group maintains a prudent treasury policy, ensuring a robust liquidity position throughout the reporting period[55]. - The board closely monitors the liquidity structure of the group's assets and liabilities to meet ongoing funding needs[55]. - The company has not engaged in any derivative agreements or hedging activities related to foreign exchange risks during the reporting period[55].
宝申控股(08151) - 2022 Q1 - 季度财报