Revenue Performance - The group reported revenue of RMB 15,333,000 for the three months ended March 31, 2022, compared to RMB 14,467,000 for the same period in 2021, representing an increase of 6%[2] - For the fifteen months ended March 31, 2022, the group generated revenue of RMB 89,629,000, down from RMB 96,886,000 in the previous fifteen months, a decrease of 7.5%[2] - Revenue for the three months ended March 31, 2022, was RMB 15,333 million, an increase of 6% compared to RMB 14,467 million for the same period in 2021[20] - Revenue from furniture sales for the fifteen months ended March 31, 2022, was RMB 60,486 million, a decrease of 8% from RMB 65,704 million in the previous period[20] - Data center business revenue for the three months ended March 31, 2022, was RMB 5,439 million, a decrease of 16% compared to RMB 6,455 million for the same period in 2021[20] - The furniture manufacturing and sales segment generated revenue of RMB 60,486,000, down 7.5% from RMB 65,704,000 in the previous year[9] - The data center segment reported revenue of RMB 29,143,000, a decrease of 6.5% from RMB 31,182,000 in 2021[9] - The revenue from external customers in China was RMB 87,335,000, down from RMB 95,577,000 in the previous year, indicating a decline in market demand[15] Financial Losses - The gross loss for the three months ended March 31, 2022, was RMB 808,000, compared to a gross profit of RMB 1,271,000 for the same period in 2021[2] - The group incurred a net loss attributable to owners of RMB 3,995,000 for the three months ended March 31, 2022, compared to a loss of RMB 5,345,000 for the same period in 2021, showing an improvement of 25%[2] - The total comprehensive loss for the fifteen months ended March 31, 2022, was RMB 42,242,000, compared to RMB 33,199,000 for the previous fifteen months, indicating a worsening of 27.2%[3] - The company incurred a loss before tax of RMB 44,541,000, compared to a loss of RMB 33,409,000 in the previous year, indicating a worsening financial performance[9] - The company reported a net loss of RMB 43,383 million for the fifteen months ended March 31, 2022, compared to a net loss of RMB 32,298 million in the previous period[27] Expenses and Costs - The group’s financing costs increased to RMB 2,191,000 for the three months ended March 31, 2022, from RMB 669,000 in the same period of 2021, an increase of 227%[2] - The group’s administrative and other expenses rose to RMB 5,920,000 for the three months ended March 31, 2022, compared to RMB 3,658,000 for the same period in 2021, an increase of 62%[2] - Interest expenses for financing for the fifteen months ended March 31, 2022, totaled RMB 7,234 million, an increase from RMB 5,245 million in the previous period[22] - Administrative and other expenses increased to approximately RMB 42.5 million, up about RMB 13.4 million or 46.1% year-on-year, largely due to one-time legal and professional fees related to agreements[62] - The group’s sales cost for the reporting period was approximately RMB 87.8 million, a decrease of about RMB 1.9 million or 2.1% compared to the same period last year[53] Corporate Strategy and Future Plans - The company plans to continue its expansion in the data center business initiated in 2020, focusing on the Chinese and Hong Kong markets[4] - The company aims to diversify its operations by engaging in data center business since 2020 to stabilize revenue streams amid economic challenges[38] - The group plans to strengthen its market presence in the southwest region and expand into other markets when conditions permit[46] - The company is actively seeking new customers for its data center business to offset the loss of revenue from existing clients[41] - The company has established sales offices in Chengdu and Chongqing to enhance its market presence in the furniture sector[38] Shareholder Information - As of March 31, 2022, the company had a total of 907,333,333 ordinary shares issued[75] - Mr. Ma holds 245,300,400 shares, representing 27.04% of the company's issued share capital[72] - Mr. Yi has a beneficial interest in 116,580,000 shares, accounting for 12.85% of the issued share capital[72] - Mr. Lai is a beneficial owner of 100,000,000 shares, which is 11.02% of the issued share capital[72] - Sun Universal Limited, controlled by Mr. Ma, holds 27.04% of the company's shares[77] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial statements for the fifteen months ending March 31, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[87] - The company has adopted GEM listing rules as its own code of conduct for directors' securities transactions, confirming compliance by all directors during the reporting period[88] - The company has maintained high standards of corporate governance and adhered to the applicable provisions of the corporate governance code since its listing[93]
智昇集团控股(08370) - 2022 Q3 - 季度财报