Financial Performance - For the three months ended March 31, 2022, the company recorded an unaudited net loss of approximately RMB 5.94 million, compared to an unaudited net loss of approximately RMB 2.79 million for the same period in 2021[5]. - The unaudited total revenue for the three months ended March 31, 2022, was approximately RMB 7.09 million, representing a decrease of about 90% compared to the unaudited total revenue of the same period in 2021[5]. - Total operating revenue for Q1 2022 was RMB 7,092,484.82, a decrease of 9.5% compared to RMB 7,841,018.43 in Q1 2021[19]. - The total revenue for the first quarter of 2022 was approximately RMB 6,748,325.11, a decrease of about 12.5% compared to RMB 7,711,875.58 in the same period of 2021[68]. - The company reported a comprehensive income total of RMB (5,878,713.84) for Q1 2022, indicating a loss compared to the previous year's figures[38]. - The company recorded a net loss of approximately RMB 5,927,448.93 for the first quarter of 2022, compared to a net loss of RMB 2,789,813.47 in the same period of 2021[76]. Assets and Liabilities - As of March 31, 2022, total current assets amounted to RMB 35.10 million, down from RMB 40.28 million as of December 31, 2021[11]. - Total non-current assets as of March 31, 2022, were RMB 74.46 million, compared to RMB 77.23 million as of December 31, 2021[12]. - Total liabilities as of March 31, 2022, were RMB 93.23 million, a decrease from RMB 95.25 million as of December 31, 2021[17]. - The total equity attributable to shareholders of the parent company was RMB 13.79 million as of March 31, 2022, down from RMB 19.66 million as of December 31, 2021[17]. - The company reported a decrease in cash and cash equivalents to RMB 3.03 million as of March 31, 2022, from RMB 4.37 million as of December 31, 2021[11]. Expenses - Total operating costs increased to RMB 13,058,105.62 in Q1 2022, up 18.3% from RMB 11,045,044.03 in Q1 2021[19]. - Research and development expenses decreased to RMB 1,645,277.06 in Q1 2022, down 43.4% from RMB 2,909,547.85 in Q1 2021[19]. - The company reported a significant increase in sales expenses, which rose to RMB 1,794,982.43 in Q1 2022 from RMB 625,123.18 in Q1 2021, marking a 187.5% increase[19]. - Management expenses amounted to 4,519,547.26 in Q1 2022, up from 3,754,510.21 in Q1 2021, reflecting an increase of approximately 20.4%[50]. - Financial expenses for Q1 2022 totaled 195,987.79, an increase from 121,758.63 in Q1 2021, representing a growth of approximately 60.9%[53]. Shareholder Information - The company’s registered capital is RMB 189,762,900.00, with a paid-in capital also at RMB 189,762,900.00[40]. - The company’s shareholding structure shows that the largest shareholder holds 17.30% of the total shares, with the top three shareholders collectively owning 39.03%[45]. - As of March 31, 2022, Mr. Xiao holds 550,832,335 domestic shares, representing approximately 44.00% of all issued domestic shares[82]. - Mr. Chen holds 273,344,804 domestic shares, representing approximately 21.84% of all issued domestic shares[82]. - The company has a significant shareholder, Tianan Enterprise, which holds 328,363,637 domestic shares, accounting for approximately 26.23% of all issued domestic shares[90]. Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 as of March 31, 2022[108]. - The audit committee, consisting of independent non-executive directors, reviewed the unaudited consolidated results for the three months ended March 31, 2022[111]. - The company has adopted a code of conduct for securities trading by directors, with no known violations reported[109]. - There are no known interests or potential conflicts of interest among directors, supervisors, or management shareholders in competing businesses[107]. Operational Strategy - The company faced operational challenges due to temporary control measures related to COVID-19, impacting production and sales[68]. - The company anticipates a higher bidding share in upcoming procurement activities due to previous network tests and technical exchanges conducted in 2021[80]. - The production capacity for medium lens products has been enhanced to meet the increasing sales orders[80]. - The company will focus on the sales of lens products and related services, closely monitoring the operational funding needs arising from increasing sales orders[80]. - The company is considering further financing through bank loans, share issuance, and bond issuance to ensure smooth operations and development[80].
海天天线(08227) - 2022 Q1 - 季度财报