Financial Performance - For the nine months ended September 30, 2022, the group's revenue decreased by approximately 14.2% to approximately RMB 870 million, compared to RMB 1,014 million for the same period in 2021[8]. - The group recorded a loss of approximately RMB 57 million for the nine months ended September 30, 2022, an increase of RMB 6 million or 11.8% compared to the loss of RMB 51 million for the same period in 2021[19]. - Gross profit for the nine months ended September 30, 2022, was approximately RMB 98 million, a decrease of approximately 39.5% from RMB 162 million in the same period of 2021[12]. - The gross profit margin for the nine months ended September 30, 2022, was approximately 11.3%, down 4.6 percentage points from 15.9% in the same period of 2021[12]. - Revenue for the nine months ended September 30, 2022, was RMB 87.0 million, a decrease of 14.2% from RMB 101.4 million for the same period in 2021[33]. - Gross profit for the nine months ended September 30, 2022, was RMB 9.8 million, down 39.3% from RMB 16.2 million in the previous year[33]. - The group reported a loss attributable to shareholders of RMB 5.7 million for the nine months ended September 30, 2022, compared to a loss of RMB 5.1 million in the same period of 2021[33]. Income and Expenses - Other income and gains increased from approximately RMB 6 million for the nine months ended September 30, 2021, to approximately RMB 12 million for the same period in 2022, representing a growth of approximately 100.0%[13]. - Selling and distribution expenses decreased by 11.1% from approximately RMB 45 million for the nine months ended September 30, 2021, to approximately RMB 40 million for the same period in 2022[14]. - Administrative expenses decreased by 30.1% from approximately RMB 153 million for the nine months ended September 30, 2021, to approximately RMB 107 million for the same period in 2022[16]. - Financial expenses decreased by 12.5% from approximately RMB 24 million for the nine months ended September 30, 2021, to approximately RMB 21 million for the same period in 2022[17]. - The total financial expenses for the nine months were RMB 2,116,000, a decrease of 12.2% from RMB 2,411,000 in the previous year[47]. Assets and Liabilities - As of September 30, 2022, the group's current assets amounted to RMB 107.0 million, a decrease of approximately 2.5% from RMB 109.7 million as of December 31, 2021[24]. - The group's net asset value was RMB 74.3 million, down about 4.3% from RMB 77.6 million as of December 31, 2021[24]. - The debt-to-equity ratio increased to approximately 60.3% as of September 30, 2022, compared to 45.5% as of December 31, 2021[24]. Corporate Actions and Plans - The group plans to continue executing strategies to reduce expenses and enhance management capabilities to improve market competitiveness in the fourth quarter of 2022[9]. - The board does not recommend the payment of an interim dividend for the nine months ended September 30, 2022[23]. - The company plans to expand its market share in the white goods steel and plastic components industry in China[28]. - The company intends to balance its capital structure through issuing new shares and repurchasing shares, as well as issuing new debt or redeeming existing debt[26]. Shareholding and Governance - As of September 30, 2022, Mr. Fan holds 223,650,000 shares, representing 53.25% of the company's equity[58]. - Mr. Zhou holds 91,350,000 shares, representing 21.75% of the company's equity[58]. - Mr. Fan is the beneficial owner of all issued shares of Huanmao Investment, which holds 223,650,000 shares, equating to 53.25% of the company[61]. - Mr. Zhou is the beneficial owner of all issued shares of Season Empire Group, which holds 91,350,000 shares, equating to 21.75% of the company[61]. - The company confirms compliance with the minimum public float requirement of 25% as of September 30, 2022[73]. - The board has confirmed adherence to the corporate governance code during the reporting period[70]. - There were no direct or indirect competitive businesses conducted by directors or major shareholders during the reporting period[65]. - The company has adopted a code of conduct for securities trading by directors, confirming full compliance during the reporting period[69]. - The audit committee was established on March 31, 2018, consisting of three independent non-executive directors[74]. - The committee's main responsibilities include reviewing financial statements and overseeing internal control procedures[74]. Compliance and Reporting - The unaudited consolidated financial results for the nine months ended September 30, 2022, were reviewed and deemed compliant with applicable accounting standards[76]. - The company has sufficient disclosures in accordance with GEM listing rules and other applicable regulations[76]. - The company has not recorded any taxable profits in Hong Kong for the periods ended September 30, 2022, and 2021, resulting in no provision for Hong Kong profits tax[49]. - The company has not identified any subsequent events that require shareholder attention following the reporting period[55]. - No share options were granted under the share option scheme during the nine months ending September 30, 2022[72]. - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ending September 30, 2022[67].
宝申控股(08151) - 2022 Q3 - 季度财报