Financial Performance - The company recorded a revenue of approximately RMB 4,894,000 for the three months ended March 31, 2022, representing a decrease of about 18.51% compared to RMB 6,006,000 in the same period of 2021[4]. - The loss attributable to equity holders of the parent company for the three months ended March 31, 2022, was approximately RMB 6,088,000, compared to a loss of RMB 2,688,000 in the same period of 2021[4]. - For the three months ended March 31, 2022, the company reported revenue of approximately RMB 4,894,000, a decrease of about RMB 1,112,000 or 18.51% compared to RMB 6,006,000 in the same period of 2021[19]. - Gross profit for the same period was RMB 1,026,000, representing a decline of approximately 66.50% from RMB 3,063,000 year-on-year[19]. - The company incurred a loss of approximately RMB 6,088,000 for the three months ended March 31, 2022, an increase of about RMB 3,400,000 compared to a loss of RMB 2,688,000 in the same period of 2021[19]. Revenue Breakdown - Revenue from business application solutions and software was RMB 2,202,000, down from RMB 2,803,000 in the same period of 2021[12]. - Revenue from installation and maintenance of network and data security products was RMB 1,958,000, compared to RMB 2,359,000 in the same period of 2021[12]. - Revenue from sales of electronic products and accessories was RMB 734,000, down from RMB 844,000 in the same period of 2021[12]. - Sales from electronic products and accessories amounted to RMB 734,000, down RMB 110,000 or 13.03% from RMB 844,000 year-on-year[20]. - Revenue from business application solutions and software sales decreased from RMB 2,803,000 to RMB 2,202,000, a decline of 21.44%[20]. - Sales of network installation and maintenance products dropped from RMB 2,359,000 to RMB 1,958,000, reflecting a decrease of 17.00%[20]. Expenses - The gross profit for the three months ended March 31, 2022, was RMB 1,026,000, compared to RMB 3,063,000 in the same period of 2021[6]. - Distribution expenses decreased to RMB 1,133,000 from RMB 2,563,000 in the same period of 2021[6]. - Research and development expenses decreased to RMB 1,143,000 from RMB 1,631,000 in the same period of 2021[6]. - Administrative expenses increased significantly to RMB 3,763,000 from RMB 1,559,000 in the same period of 2021[6]. - Administrative expenses increased to RMB 3,763,000, up RMB 2,204,000 compared to the previous year[20]. Dividend Policy - The company did not recommend the distribution of an interim dividend for the three months ended March 31, 2022, consistent with the previous year[4]. - The company does not recommend the payment of an interim dividend for the three months ended March 31, 2022[17]. Strategic Focus - The company plans to focus on cost control and explore new market segments to acquire new customers through existing client referrals and marketing efforts[22]. Shareholder Information - Major shareholders include Shanghai State-owned Assets Supervision and Administration Commission with a 23.75% stake and Shanghai Jiaotong University Industry Investment Management Group Co., Ltd. also holding 23.75%[26]. - As of March 31, 2022, Chen Jianbo holds 24,300,000 shares of domestic shares, representing a 5.06% equity interest in the company[30]. Governance and Compliance - The company has established an audit committee to review and supervise financial reporting, risk management, and internal control systems[36]. - The board of directors confirms compliance with the GEM Listing Rules throughout the three-month period ending March 31, 2022[39].
交大慧谷(08205) - 2022 Q1 - 季度财报