Financial Performance - For the nine months ended December 31, 2021, the group recorded revenue of approximately RMB 647,400,000, a significant increase of 439% compared to RMB 120,100,000 for the same period in 2020[9]. - The profit attributable to owners of the company for the nine months ended December 31, 2021, was approximately RMB 58,400,000, compared to RMB 7,600,000 for the same period in 2020[9]. - Basic and diluted earnings per share for the nine months ended December 31, 2021, were RMB 1.40, up from RMB 0.20 in 2020[9]. - The gross profit for the nine months ended December 31, 2021, was RMB 141,791,000, compared to RMB 42,225,000 for the same period in 2020[11]. - The total comprehensive income for the period was RMB 31,102,000, compared to a loss of RMB 19,330,000 in the same period of 2020[13]. - The total revenue for the three months ended December 31, 2021, was RMB 246,168,000, compared to RMB 120,118,000 for the same period in 2020[11]. - The company reported a pre-tax profit of RMB 67,180,000 for the nine months ended December 31, 2021, compared to RMB 16,157,000 for the same period in 2020[11]. - The company’s total comprehensive income for the nine months ended December 31, 2021, was RMB 58,374 thousand, compared to a loss of RMB 38,441 thousand for the same period in 2020[20]. - The total revenue for the nine months ended December 31, 2021, was RMB 648,264 thousand, compared to RMB 121,581 thousand in the same period of 2020, representing a growth of 433.3%[39]. Expenses and Costs - The operating expenses for the nine months ended December 31, 2021, included RMB 68,290,000 in administrative expenses, up from RMB 44,853,000 in 2020[11]. - Total expenses from continuing operations for the three months ended December 31, 2021, were RMB 30,712 thousand, compared to RMB 31,169 thousand for the same period in 2020, representing a decrease of approximately 1.46%[17]. - For the nine months ended December 31, 2021, total expenses from continuing operations were RMB 48,903 thousand, compared to RMB 48,548 thousand for the same period in 2020, indicating a slight increase of approximately 0.73%[17]. - The company reported a significant increase in share premium to RMB 944,754 thousand as of December 31, 2021, compared to RMB 944,878 thousand as of December 31, 2020, indicating stability in capital structure[20]. - The company’s bank loan interest for the nine months ended December 31, 2021, was RMB 1,056 million, an increase of 274% compared to RMB 282 million for the same period in 2020[52]. - The total interest expenses for the nine months ended December 31, 2021, amounted to RMB 11,812 million, up 267% from RMB 3,214 million in the same period of the previous year[52]. - Employee benefits expenses (excluding directors' remuneration) for the nine months ended December 31, 2021, totaled RMB 287,411 million, compared to RMB 65,851 million for the same period in 2020, reflecting a growth of 336%[54]. - The company reported a total tax expense of RMB 11,366 million for the nine months ended December 31, 2021, compared to RMB 5,446 million for the same period in 2020, reflecting an increase of 108%[60]. Business Operations - The company’s main business operations include providing value-added telecommunications and related services, which encompass backend services, comprehensive marketing services, and data center services[27]. - KingNine Group achieved revenue of approximately RMB 571,400,000 for the nine months ended December 31, 2021, representing a 58.9% increase compared to the same period in 2020, accounting for 88.3% of the group's total revenue[71]. - The number of customers increased from 125 as of March 31, 2021, to 282, indicating significant growth in customer acquisition and business expansion[71]. - Service costs for providing value-added telecommunications and related services amounted to approximately RMB 505,600,000 for the nine months ended December 31, 2021, up from RMB 77,900,000 in 2020[79]. - The company has secured new orders from major Chinese telecommunications operators and is expanding its service centers in multiple cities, including Puyang, Xiangyang, and Xi'an[88]. - In the digital marketing sector, KingNine Group is developing tools related to digital life and marketing, resulting in a steady increase in client traffic and new customer acquisitions[89]. - The company has integrated its existing internet marketing capabilities with new digital marketing technologies, contributing to growth in B2B services and live commerce[89]. Corporate Governance - The company did not recommend the payment of a dividend for the nine months ended December 31, 2021, consistent with the previous year[9]. - The board of directors did not recommend any dividend payment for the nine months ending December 31, 2021[91]. - The Audit Committee has been established in accordance with GEM listing rules, consisting of three independent non-executive directors[111]. - The Audit Committee reviewed the third-quarter financial statements and confirmed compliance with applicable accounting standards and adequate disclosures[112]. Strategic Focus - KingNine Group plans to continue focusing on innovation in artificial intelligence and big data applications, having obtained 20 new software copyrights and 2 invention patents in the customer service technology field during the quarter[75]. - The group is expanding its operational capacity with the establishment of a new self-operated contact service center in Jinzhou and the expansion of five additional centers, increasing the total number of workstations to 11,749, up from 6,093 as of March 31, 2021[75]. - KingNine Group is actively exploring new business opportunities in the financial industry and internet live commerce sectors to enhance stable revenue and profitability[88]. - The company holds an indirect interest of 80% in Datang Wealth International Limited, which primarily provides private banking services, including asset allocation and investment advisory services[108]. - The company has an indirect interest of 45.1% in Hengtian International Capital Management Limited, focusing on asset management and fund distribution services[108]. - As of December 31, 2021, there are no direct or indirect interests held by directors or major shareholders in any competing businesses[108].
金慧科技(08295) - 2022 Q3 - 季度财报