Financial Performance - The company's revenue for the first quarter of 2022 was RMB 59,724,000, a decrease of 12.5% compared to RMB 68,259,000 in the same period last year[5] - Gross profit for the first quarter was RMB 20,764,000, down from RMB 27,010,000 year-on-year, reflecting a gross margin decline[5] - The company reported a loss before tax of RMB 4,475,000, compared to a loss of RMB 3,680,000 in the previous year[5] - The net loss for the period was RMB 4,072,000, compared to a net loss of RMB 2,945,000 in the same quarter last year[5] - Basic and diluted loss per share was RMB 0.41, compared to RMB 0.29 in the previous year[5] - The company recorded a revenue of approximately RMB 597 million for the first quarter, a decrease of about 12.5% compared to RMB 683 million in the same period last year[28] - The net loss for the first quarter was approximately RMB 41 million, an increase of about RMB 11 million or 38.3% from the net loss of RMB 29 million in the previous year[28] - The gross profit margin decreased from approximately 39.5% in the previous year to about 34.8% in the current period[28] - The net loss margin for the first quarter was approximately 6.8%, compared to 4.3% in the same period last year, reflecting a difference of about 2.5%[28] - The basic loss per share for the first quarter was RMB 0.41, compared to RMB 0.29 in the same period last year[34] - The group recorded total revenue of approximately RMB 59.7 million, a decrease of about RMB 8.5 million or 12.5% compared to the same period last year[35] - The group incurred a net loss of approximately RMB 4.1 million, an increase of RMB 1.1 million or 38.3% compared to a net loss of RMB 2.9 million in the same period last year[42] - The net loss margin for the period was approximately 6.8%, compared to 4.3% in the same period last year, reflecting a difference of about 2.5%[42] Revenue Breakdown - Revenue from oral care products was RMB 27,507,000, leather care products contributed RMB 3,954,000, and hygiene products generated RMB 28,263,000, totaling RMB 59,724,000[15] - Revenue from household hygiene products decreased by approximately RMB 5.3 million or 15.8% to RMB 28.3 million, while leather care products saw a decline of approximately RMB 1.7 million or 30.4% to RMB 4.0 million[35] Operational Challenges - The company faced significant operational challenges due to COVID-19, including supply chain disruptions and weakened demand from distributors[29] - The management has implemented a series of strategies to address the challenges, including establishing a professional team for epidemic prevention and control measures[29] - The company remains optimistic about future prospects, citing recovery trends in various regions and increased consumer awareness of hygiene products[31] - The company has been allowed to resume operations under a closed management model, with daily nucleic acid testing for all employees[31] Expenses and Investments - Selling and distribution expenses were approximately RMB 12.8 million, a decrease of about RMB 7.6 million or 37.3% compared to the previous year[39] - Administrative expenses increased to approximately RMB 12.8 million, up RMB 2.6 million or 24.8% due to increased depreciation of property, plant, and equipment[40] - There were no significant investments, acquisitions, or disposals of subsidiaries during the period[43] - The company has no plans for significant investments or capital assets as of March 31, 2022[43] Corporate Governance - The company has established an audit committee in accordance with GEM listing rules, which includes three independent non-executive directors[61] - The company has adopted the corporate governance code as per GEM listing rules and has complied with its provisions during the reporting period[62] - The company maintains sufficient public float as required by GEM listing rules since its listing date[65] Dividends and Share Options - The company did not declare any dividends for the first quarter, consistent with the previous year[25] - The company has adopted a stock option plan effective for 10 years from June 17, 2016, to reward selected participants for their contributions[54] - No directors or their immediate family members have been granted rights to acquire shares or debentures of the company during the reporting period[55] - The company and its subsidiaries have not purchased, sold, or redeemed any listed securities during the reporting period[56]
中国金典集团(08281) - 2022 Q1 - 季度财报