Financial Performance - Revenue for the third quarter of 2022 was RMB 71,281,000, a decrease of 6.3% compared to RMB 76,418,000 in the same period of 2021[7] - Gross profit for the third quarter of 2022 was RMB 26,963,000, down 7.7% from RMB 29,217,000 in the third quarter of 2021[7] - The net profit for the third quarter of 2022 was RMB 3,309,000, a decrease of 20.1% compared to RMB 4,143,000 in the same period of 2021[7] - Basic and diluted earnings per share for the third quarter of 2022 were RMB 0.33, down from RMB 0.41 in the third quarter of 2021[7] - Total comprehensive income for the third quarter of 2022 was RMB 3,500,000, compared to RMB 4,283,000 in the same period of 2021, reflecting a decrease of 18.2%[7] - The total revenue for the nine months ended September 30, 2022, was RMB 186,203,000, a decrease of 9.2% from RMB 204,861,000 in the same period of 2021[7] - The gross profit for the nine months ended September 30, 2022, was RMB 68,397,000, down 14.4% from RMB 79,904,000 in the same period of 2021[7] - The company reported a net profit of RMB 1,802,000 for the nine months ended September 30, 2022, compared to RMB 3,361,000 in the same period of 2021, representing a decline of 46.5%[7] - Total revenue for the nine months ended September 30, 2022, was RMB 186,203 thousand, a decrease of 9.1% compared to RMB 204,861 thousand for the same period in 2021[28][31] - Net profit attributable to owners for the nine months ended September 30, 2022, was RMB 1,802 thousand, a decline of 46.4% from RMB 3,361 thousand in the same period of 2021[41][45] - Basic earnings per share for the nine months ended September 30, 2022, was RMB 0.0018, compared to RMB 0.0034 for the same period in 2021[42][45] - The net profit for the period was approximately RMB 1.8 million, down about 46.4% from RMB 3.4 million in the previous year, resulting in a net profit margin of 1.0%, down from 1.6%[55][65] - The overall gross profit margin decreased to approximately 36.7%, down 2.3 percentage points from 39.0% in the previous year[58] Revenue Breakdown - Oral care products generated revenue of RMB 82,968 thousand, down 6.4% from RMB 88,776 thousand in the previous year[28][31] - Household hygiene products revenue was RMB 92,164 thousand, a decrease of 10.3% from RMB 102,714 thousand in the same period last year[28][31] - Leather care products revenue fell to RMB 11,071 thousand, down 17.1% from RMB 13,371 thousand year-over-year[28][31] - Revenue from oral care products decreased by approximately 6.5% to RMB 83.0 million, while revenue from household hygiene products decreased by 17.2% to RMB 92.2 million, primarily due to weak demand from distributors affected by the pandemic[56] Expenses and Costs - The company’s financing costs for the third quarter of 2022 were RMB 248,000, an increase from RMB 166,000 in the same period of 2021[7] - Sales and distribution costs decreased by approximately RMB 8.4 million or 19.4% to RMB 35.0 million, mainly due to a reduction in temporary sales personnel costs[61] - Administrative expenses slightly decreased by approximately RMB 0.5 million or 1.5% to RMB 33.2 million, attributed to lower maintenance and consultancy costs compared to the previous year[62] - Interest expenses for the period were approximately RMB 0.5 million, a decrease of about 7.7% from RMB 0.6 million in the previous year, mainly due to a reduction in loan amounts[63][64] Dividends and Shareholder Information - The company did not recommend any dividend for the nine months ended September 30, 2022, consistent with the previous year[46] - The company does not recommend the distribution of any dividends for the period[66] - Major shareholder Zhongbao Mali holds 575,625,000 shares, representing 57.56% of the company's equity[75] - Tongxing Holdings owns 106,875,000 shares, accounting for 10.69% of the company's equity[75] - The company has not granted any stock options under its stock option plan since its adoption in June 2016[80] Future Plans and Strategies - The company plans to continue focusing on the development of oral care, leather care, and household hygiene products to drive future growth[21] - The company plans to strengthen its epidemic prevention measures and optimize its supply chain system to prepare sufficient goods for distributors in lockdown areas[51] - The company aims to invest more resources to enhance connections with companies looking to develop the bio-oral care product market[51] Compliance and Audit - The audit committee has reviewed the unaudited consolidated results for the period and confirmed compliance with applicable accounting standards[88] - The company has maintained sufficient public float as required by GEM listing rules since its listing date[93] Depreciation and Tax - The company reported a total tax expense of RMB 1,828 thousand for the nine months ended September 30, 2022[38] - The depreciation of property, plant, and equipment for the nine months was RMB 8,035 thousand, down from RMB 9,566 thousand in the previous year[41][45] Product Development - The company has not identified any new products or technologies in the current report, focusing instead on existing product lines[25][26]
中国金典集团(08281) - 2022 Q3 - 季度财报