Financial Performance - The group's revenue for the three months ended September 30, 2022, was RMB 36,420,000, a decrease of 24.8% compared to RMB 48,473,000 for the same period in 2021[2] - Gross profit for the same period was RMB 1,994,000, showing a slight increase of 3.3% from RMB 1,930,000 in 2021[2] - Operating loss for the three months was RMB 4,333,000, significantly improved from a loss of RMB 14,877,000 in the previous year, indicating a reduction of 70.9%[2] - The net loss attributable to the owners of the company for the period was RMB 7,123,000, down from RMB 16,359,000 in the prior year, representing a 56.5% improvement[2] - The company reported a basic and diluted loss per share of RMB 0.79, compared to RMB 1.80 for the same period last year[2] - The company recorded a loss before tax of RMB 6,769,000, significantly improved from a loss of RMB 16,500,000 in the prior year[18] - The company reported a loss of RMB 7,123,000 for the three months ended September 30, 2022, an improvement from a loss of RMB 16,359,000 in the same period last year[28] Revenue Breakdown - The furniture manufacturing and sales segment generated revenue of RMB 8,439,000, down 29.5% from RMB 11,915,000 in the previous year[18] - The data center segment reported revenue of RMB 5,815,000, slightly up from RMB 5,768,000 year-on-year[18] - The construction management services segment earned RMB 22,166,000, a decline of 28.2% from RMB 30,790,000 in the same quarter last year[18] - Furniture product sales were RMB 8,439,000, down 29.5% from RMB 11,915,000 year-on-year[20] - Data center business revenue was RMB 5,815,000, slightly up by 0.8% from RMB 5,768,000 in the previous year[20] - Construction management services revenue decreased by 28.3% to RMB 22,166,000 from RMB 30,790,000 in the same period last year[20] Expenses and Costs - Administrative and other expenses decreased significantly to RMB 5,105,000 from RMB 14,296,000, a reduction of 64.3%[2] - The group's sales cost for the reporting period was approximately RMB 344 million, a decrease of about RMB 121 million or 26.0% compared to the same period last year[43] - The furniture manufacturing and sales segment reported a sales cost of approximately RMB 90 million, down RMB 34 million or 27.2% year-on-year, with a larger decline in gross margin due to a decrease in sales revenue[43] - The data center segment's sales cost was approximately RMB 53 million, a decrease of RMB 5 million or 9.3% year-on-year, primarily due to the absence of amortization costs related to intangible assets from acquisitions[45] - Selling and distribution expenses for the group were approximately RMB 20 million, an increase of RMB 3 million or 18.5% year-on-year, primarily due to increased installation and handling costs[51] - Financing costs totaled RMB 2,436,000, an increase of 50.0% compared to RMB 1,623,000 in the same period of 2021[23] Other Income and Financial Activities - Other income net of expenses increased to RMB 1,651,000 from RMB 740,000, reflecting a growth of 123.5%[2] - The company reported a total of RMB 756,000 in other income, an increase from RMB 421,000 in the same period last year[18] - Other net income for the group was approximately RMB 1.65 million, an increase of about 123.1% compared to the previous year, mainly due to increased interest income from loans[49] - The interest expense on convertible bonds was RMB 2,308,000, compared to RMB 1,348,000 in the previous year[12] Corporate Governance and Compliance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and GEM Listing Rules[6] - The company has established an audit committee, which reviewed the unaudited consolidated financial statements for the three months ended September 30, 2022, confirming compliance with applicable accounting standards and GEM listing rules[75] - The company has adhered to the corporate governance code as per GEM Listing Rules during the reporting period[81] - The company’s management discussion and analysis section highlights the importance of compliance with the Securities and Futures Ordinance regarding shareholdings[63] Shareholding and Capital Structure - As of September 30, 2022, Mr. Ma Minghui holds 245,300,400 shares, representing 27.04% of the company's issued share capital[59] - Mr. Yi Cong holds 116,580,000 shares, representing 12.85% of the company's issued share capital[59] - Mr. Lai Ningning is a beneficial owner of 100,000,000 shares, which is 11.02% of the company's issued share capital[59] - The total number of ordinary shares issued as of September 30, 2022, is 907,333,333[66] - The company has conditional agreements to issue convertible bonds to Even Joy Holdings Limited, allowing for the conversion of up to 46,800,000 shares, which would represent 5.15% of the company's issued share capital if fully converted[66] Future Outlook and Challenges - The company has been diversifying its operations by engaging in data center business since 2020 to stabilize revenue streams[32] - Future challenges include the ongoing COVID-19 pandemic, geopolitical tensions, and a downturn in the real estate market, which may impact the furniture sector[38] - The company aims to enhance the profitability of the data center segment by leveraging national strategies to develop data centers and expanding its business scope[38] - The construction management experience is expected to create more business opportunities for the company, particularly in the data center sector[38]
智昇集团控股(08370) - 2023 Q1 - 季度财报