Financial Performance - For the three months ended March 31, 2022, the group recorded unaudited revenue of approximately RMB 17.3 million, an increase of about 6.1% compared to RMB 16.3 million for the same period in 2021[5]. - The group reported an unaudited loss of approximately RMB 2.9 million for the three months ended March 31, 2022, compared to an unaudited loss of RMB 0.2 million for the same period in 2021[5]. - Basic loss per share for the three months ended March 31, 2022, was RMB 0.34, compared to RMB 0.02 for the same period in 2021[5]. - Gross profit for the three months ended March 31, 2022, was RMB 5.194 million, down from RMB 5.650 million for the same period in 2021[11]. - The company's cost of sales increased by approximately 13.5% or about RMB 1.4 million compared to the same period in 2021[47]. - The gross profit margin decreased from approximately 34.6% for the three months ended March 31, 2021, to approximately 30.0% for the same period in 2022[47]. - The group incurred a loss before tax of RMB 2.925 million for the three months ended March 31, 2022, compared to a profit of RMB 240,000 for the same period in 2021[11]. - The company's revenue was approximately RMB 17.3 million, an increase of about 6.1% compared to RMB 16.3 million for the same period in 2021[43]. - The company's reported a loss attributable to owners of the company of approximately RMB 2.9 million for the three months ended March 31, 2022[39]. - The group's unaudited loss for the three months ended March 31, 2022, was approximately RMB 2.9 million, compared to an unaudited loss of approximately RMB 0.2 million for the same period in 2021, primarily due to a decrease in gross margin and increased administrative expenses[51]. Expenses - Selling and distribution expenses increased to RMB 937,000 for the three months ended March 31, 2022, compared to RMB 778,000 for the same period in 2021[11]. - Administrative expenses rose significantly to RMB 7.169 million for the three months ended March 31, 2022, compared to RMB 4.717 million for the same period in 2021[11]. - Distribution and selling expenses increased from approximately RMB 0.8 million for the three months ended March 31, 2021, to approximately RMB 0.9 million for the same period in 2022[49]. - Administrative expenses increased from approximately RMB 4.7 million for the three months ended March 31, 2021, to approximately RMB 7.2 million for the three months ended March 31, 2022[50]. Dividends - The board of directors decided not to declare an interim dividend for the three months ended March 31, 2022, consistent with the previous year[5]. - The company did not declare an interim dividend for the three months ended March 31, 2022, compared to zero for the same period in 2021[36]. - The company decided not to declare an interim dividend for the three months ended March 31, 2022, consistent with the previous year[55]. Corporate Strategy - The company continues to focus on its core business of providing label solutions and garment accessories manufacturing and supply in China[20]. - The company continues to focus on expanding its customer base in China and internationally to increase sales and enhance profitability[43]. - The company plans to delay the application of unutilized proceeds for developing RFID technology and expanding sales and marketing departments due to the impact of the COVID-19 pandemic on the apparel industry[60]. Governance and Compliance - The company has adopted all new and revised Hong Kong Financial Reporting Standards effective from January 1, 2022, with no significant impact on its accounting policies or financial statements[25]. - The company primarily operates in China, with most of its non-current assets and capital expenditures located in or used for China[29]. - The company has adopted a code of conduct for directors' securities transactions, complying with GEM listing rules[81]. - The audit committee, established on June 24, 2017, reviews financial statements and oversees the financial reporting system[86]. - The company has adhered to corporate governance standards as per GEM listing rules since its listing on July 21, 2017[82]. - No significant contracts were disclosed involving directors with substantial interests during the reporting period[83]. - The company reported no knowledge of any competing interests from major shareholders or directors as of March 31, 2022[85]. Shareholder Information - Mr. Lin holds 433,400,000 shares, representing 50.99% of the equity in Neo Concept, which he fully owns[71]. - Mr. Zhu Honghai holds 230,000 shares, representing 0.03% of the equity[71]. - Neo Concept is the beneficial owner of 433,400,000 shares, equating to 50.99% of the equity[75]. - Ms. Huang Qingyu, as Mr. Lin's spouse, is deemed to hold 50.99% of the equity through Mr. Lin's ownership[75]. - As of March 31, 2022, there were no purchases, sales, or redemptions of shares by the company or its subsidiaries[80]. - The company has not granted, cancelled, or lapsed any share options under the share option scheme as of March 31, 2022[54]. Fund Utilization - The net proceeds from the listing amounted to approximately HKD 37.6 million (equivalent to approximately RMB 32.7 million), with part of the funds allocated according to the future plans outlined in the prospectus[56]. - As of March 31, 2022, the total amount utilized from the net proceeds was approximately HKD 25.1 million, with significant allocations for enhancing production facilities and digital printing technology[60]. - The company has allocated approximately HKD 3.0 million for the development of internet and information technology businesses, fully utilized as of March 31, 2022[60]. - The company successfully placed 50,000,000 shares at a price of HKD 0.113 per share, raising a total of approximately HKD 5.65 million, with net proceeds of about HKD 5.41 million after expenses[64]. COVID-19 Impact - The company will monitor the ongoing COVID-19 pandemic and assess its impact on financial performance, with no other significant post-reporting events noted[53].
新达控股(08471) - 2022 Q1 - 季度财报