Financial Performance - The revenue for the first quarter of 2022 was RMB 77,746,000, representing a 23.2% increase from RMB 63,125,000 in the same period of 2021[4] - The gross profit for the first quarter of 2022 decreased to RMB 9,651,000, down 33.8% from RMB 14,486,000 in the previous year[4] - The loss before tax for the first quarter of 2022 was RMB 1,130,000, compared to a profit of RMB 4,947,000 in the first quarter of 2021[4] - The net loss for the first quarter of 2022 was RMB 1,490,000, a significant decline from a profit of RMB 3,835,000 in the same period last year[4] - The total comprehensive loss for the first quarter of 2022 was RMB 1,835,000, compared to a total comprehensive income of RMB 3,866,000 in the first quarter of 2021[4] - The basic and diluted loss per share for the first quarter of 2022 was RMB (0.23), compared to earnings of RMB 0.48 per share in the same period of 2021[4] - Revenue from inflatable amusement products was approximately RMB 75,070,000, representing a 37.1% increase from RMB 54,748,000 in the previous year, accounting for about 96.6% of total revenue[23] - The company reported a loss attributable to owners of approximately RMB (1,490,000) compared to a profit of RMB 3,835,000 in the same period last year[19] Costs and Expenses - The cost of sales for the first quarter of 2022 was RMB 68,095,000, which is an increase of 40.2% from RMB 48,639,000 in the same period of 2021[4] - The cost of sales increased to approximately RMB 68,095,000, up RMB 19,456,000 or 40.4% from RMB 48,639,000 in the prior year, primarily due to rising raw material costs and increased employee expenses[25] - Distribution and selling expenses rose to approximately RMB 5,381,000, an increase of RMB 837,000 or 18.4% from RMB 4,544,000 in the prior year[29] - Administrative expenses for the first quarter of 2022 were RMB 5,355,000, up from RMB 4,537,000 in the first quarter of 2021[4] - Administrative expenses were approximately RMB 5,355,000, up RMB 818,000 or 18.1% from RMB 4,537,000 in the previous year, primarily due to increased employee benefits[30] Foreign Exchange and Other Income - The company reported a foreign exchange loss of RMB 345,000 in the first quarter of 2022, compared to a gain of RMB 31,000 in the previous year[4] - Other income and gains totaled approximately RMB 389,000, an increase of RMB 360,000 compared to RMB 29,000 in the previous year, mainly due to RMB 300,000 from leasing non-woven fabric production lines[28] Corporate Governance - The board did not recommend any interim dividend during the period, consistent with the previous year[20] - The board of directors is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance group performance[42] - The audit committee, established on June 20, 2017, ensures compliance with applicable accounting standards and GEM listing rules, and has reviewed the unaudited financial results for the period[45] - The audit committee includes independent non-executive directors with appropriate professional qualifications or accounting expertise, ensuring compliance with GEM listing rules[45] - The board will continuously review and improve corporate governance practices to ensure proper regulation of business activities and decision-making processes[43] - The board of directors confirmed compliance with the trading standards and the company's code of conduct regarding securities transactions during the period[40] - The company has not reported any conflicts of interest involving directors and controlling shareholders during the period[39] Business Expansion Plans - The company plans to launch healthcare-related services, including dental clinics and health management platforms[10] - The company aims to expand its business in the oral care industry in China, focusing on maintaining high standards for all products[22] Share Options and Securities - The company has not granted any share options under the share option scheme since its adoption on November 15, 2017[38] - The company has not purchased, sold, or redeemed any of its listed securities during the period[41] - The company has adopted a share option scheme to provide additional incentives to eligible participants for their contributions[37]
中国口腔产业(08406) - 2022 Q1 - 季度财报