Financial Performance - The company reported revenue of RMB 62,046 thousand for the three months ended March 31, 2023, a decrease of 20.3% compared to RMB 77,746 thousand in the same period of 2022[4]. - Gross profit for the same period was RMB 8,718 thousand, down 9.7% from RMB 9,651 thousand year-over-year[4]. - The company incurred a loss before tax of RMB 815 thousand, an improvement from a loss of RMB 1,131 thousand in the previous year[4]. - The net loss for the period was RMB 1,024 thousand, compared to a net loss of RMB 1,490 thousand in the same period last year, indicating a 31.2% reduction in losses[4]. - The company reported a total comprehensive loss of RMB 1,316 thousand for the period, compared to RMB 1,835 thousand in the same period last year, reflecting a 28.4% improvement[4]. - The basic and diluted loss per share was RMB 0.11, an improvement from RMB 0.19 in the previous year[4]. - The company's revenue for the first quarter of 2023 was approximately RMB 62,046,000, a decrease of about RMB 15,700,000 or 20.2% compared to RMB 77,746,000 in the same period of 2022[25]. - Revenue from inflatable amusement products was approximately RMB 58,304,000, down RMB 16,766,000 or 22.3% year-on-year, accounting for about 94.0% of total revenue[25]. - The gross profit for the period was approximately RMB 8,718,000, a decrease of about RMB 933,000 from RMB 9,651,000 in the same period of 2022, with a gross margin of 14.1%[29]. - The company recorded a loss of approximately RMB 1,024,000 for the period, a reduction of 31.3% compared to a loss of RMB 1,490,000 in the same period of 2022[34]. - The cost of sales was approximately RMB 53,328,000, a decrease of about RMB 14,767,000 or 21.7% compared to RMB 68,095,000 in the same period of 2022[27]. - Other income and gains totaled approximately RMB 321,000, a decrease of about RMB 68,000 or 17.5% compared to RMB 389,000 in the same period of 2022[30]. - Distribution and selling expenses amounted to approximately RMB 4,840,000, a decrease of about RMB 541,000 or 10.1% compared to RMB 5,381,000 in the same period of 2022[31]. - Administrative expenses were approximately RMB 4,685,000, a decrease of about RMB 670,000 or 12.5% compared to RMB 5,355,000 in the same period of 2022[32]. Revenue Sources - Revenue from the sale of inflatable products and related accessories was RMB 60,325 thousand, down 22.5% from RMB 77,786 thousand in the previous year[13]. - Revenue from dental clinic services amounted to RMB 1,720 thousand, which was not reported in the previous year[13]. - Revenue from North America increased significantly to RMB 50,541 thousand, up 34.8% from RMB 37,511 thousand in the same period of 2022[15]. Corporate Governance - The company did not recommend the payment of any interim dividend for the period[22]. - As of March 31, 2023, Risen Thrive Limited holds 424,560,000 shares, representing 44.23% of the company's total issued shares of 960,000,000[39]. - Ms. Yan Ping is the beneficial owner of all issued shares of Risen Thrive Limited and is considered to hold rights to all shares held by the company[40]. - No other individuals or entities hold 5% or more of the company's issued share capital as of March 31, 2023[42]. - The company has not granted any stock options under the stock option plan since its adoption on November 15, 2017[44]. - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[49]. - The Audit Committee, established on June 20, 2017, has reviewed the unaudited financial results and confirmed compliance with applicable accounting standards[50]. - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[47]. - The company has not disclosed any changes in the information of directors or key executives that require disclosure under GEM Listing Rules[43]. - The company has confirmed that all directors complied with the trading standards during the reporting period[46]. - The Audit Committee includes independent non-executive directors with appropriate professional qualifications or financial management expertise[50]. Acquisitions - The company completed the acquisition of HongKong Eko Holding Co., Limited in January 2023, which is expected to provide new revenue sources in the dental care industry[24].
中国口腔产业(08406) - 2023 Q1 - 季度财报