Financial Performance - For the three months ended March 31, 2023, the group achieved a total revenue of RMB 86,420,934, a decrease of 3.11% compared to RMB 89,195,530 for the same period last year[3] - The gross profit for the same period was RMB 3,052,579, representing a significant decline of 44.40% from RMB 5,489,781 in the previous year[3] - The loss attributable to equity holders of the company was RMB 5,876,609, slightly improved from a loss of RMB 6,043,544 in the same period last year, resulting in a basic loss per share of RMB 0.310 compared to RMB 0.319[3] - The revenue from fertilizer products was RMB 86,245,207, down from RMB 89,086,907 in the previous year, while revenue from elderly care and health services increased to RMB 175,727 from RMB 108,623[6] - The group reported a pre-tax loss of RMB 7,706,292, compared to a loss of RMB 6,111,450 in the previous year[4] - The income tax expense for the period was RMB 724, compared to zero in the same period last year[8] - The company's gross profit for the same period was RMB 3,052,579, representing a significant decline of 44.40% from RMB 5,489,781 year-on-year, with a gross profit margin of 3.53%, down 2.62% from 6.15% in the previous year[14] Expenses and Costs - The group incurred research and administrative expenses of RMB 6,864,118, compared to RMB 6,621,896 in the previous year[4] - The financing costs for the period were RMB 781,536, an increase from RMB 742,591 in the same period last year[4] Dividends and Shareholder Information - The board of directors did not recommend the payment of dividends for the three months ended March 31, 2023[11] - The weighted average number of ordinary shares for calculating basic loss per share remained constant at 1,894,500,000 shares[10] - As of March 31, 2023, major shareholders include Tianjin Economic and Technological Development Zone State-owned Assets Management Co., holding 182,500,000 shares (9.63% of issued share capital) and Shenzhen Xiangyong Investment Co., holding 180,000,000 shares (9.50%)[24] - The beneficial ownership structure includes significant stakes held by Xiangyong Investment and Guangdong Jiamei Ecological Technology Co., each holding 180,000,000 shares (9.50%)[24] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the group's performance for the first quarter ending March 31, 2023[27] - The company has adhered to all provisions of the Corporate Governance Code during the review period[31] - There were no arrangements made that would allow directors or their family members to profit from purchasing company shares during the review period[23] - The company reported no competitive interests from directors, supervisors, or management shareholders during the period ending March 31, 2023[26] Strategic Focus and Future Plans - The company is focusing on the bio-composite fertilizer business and elderly care services, targeting the growing elderly population in China, which reached 280 million (19.8% of the total population) by the end of 2022[19] - The company plans to enhance its marketing management and adjust product structures in response to market demand, aiming to improve market share in the composite fertilizer sector[18] - The company is exploring the development of elderly health resource allocation services, including the rental of assistive devices and sales of elderly food products, to create new profit growth points[19] Capital Structure and Financial Position - The company has not issued new shares during the reporting period, maintaining its existing capital structure[14] - The company did not approve any new share option plans during the period ending March 31, 2023[28] - The company did not repurchase any shares during the review period, nor did it purchase, sell, or redeem any shares[30] - The company has no contingent liabilities related to bank loans as of March 31, 2023, maintaining a stable financial position[15] - The company’s bank borrowings are denominated in RMB and are generally renewed annually upon maturity, indicating a conservative treasury policy[17] Industry Outlook - The composite fertilizer industry is expected to stabilize in terms of raw material prices due to supply-demand dynamics and policy adjustments, following a period of rapid development and subsequent industry adjustments[18]
泰达生物(08189) - 2023 Q1 - 季度财报