Financial Performance - For the three months ended September 30, 2022, the group's revenue was RMB 2,246,000, a decrease of 64.8% compared to RMB 6,381,000 for the same period in 2021[4] - For the nine months ended September 30, 2022, the group's revenue was RMB 12,665,000, a decrease of 41.2% compared to RMB 21,568,000 for the same period in 2021[4] - The group reported a net loss attributable to owners of the company of RMB 3,168,000 for the three months ended September 30, 2022, compared to a loss of RMB 469,000 for the same period in 2021[4] - The net loss attributable to owners of the company for the nine months ended September 30, 2022, was RMB 3,770,000, compared to a profit of RMB 1,392,000 for the same period in 2021[4] - The total comprehensive loss for the three months ended September 30, 2022, was RMB 3,476,000, compared to a loss of RMB 446,000 for the same period in 2021[4] - The total comprehensive loss for the nine months ended September 30, 2022, was RMB 4,284,000, compared to a profit of RMB 1,434,000 for the same period in 2021[4] - The group had a basic and diluted loss per share of RMB 0.40 for the three months ended September 30, 2022, compared to a loss of RMB 0.06 for the same period in 2021[4] - The group had a basic and diluted loss per share of RMB 0.47 for the nine months ended September 30, 2022, compared to earnings of RMB 0.17 for the same period in 2021[4] Revenue Breakdown - Revenue from event management services for the nine months ended September 30, 2022, was RMB 8.741 million, a decrease from RMB 12.665 million in the same period of 2021, representing a decline of approximately 30.5%[16] - Revenue from design and production services for the nine months ended September 30, 2022, was RMB 12.827 million, down from RMB 21.568 million in the same period of 2021, indicating a decrease of about 40.7%[16] - The group's revenue decreased by approximately RMB 8.9 million or 41.3% to about RMB 12.7 million for the nine months ended September 30, 2022, compared to approximately RMB 21.6 million for the same period in 2021[30] Other Income and Expenses - The group reported other income of RMB 39,000 for the three months ended September 30, 2022, a decrease of 42.6% compared to RMB 68,000 for the same period in 2021[4] - The group incurred total costs of RMB 1,127,000 for the three months ended September 30, 2022, a decrease of 59.3% compared to RMB 2,765,000 for the same period in 2021[4] - The company’s total expenses related to project costs for the nine months ended September 30, 2022, were RMB 8.735 million, compared to RMB 5.423 million in the same period of 2021, an increase of approximately 60.5%[18] - Project costs fell by approximately RMB 3.3 million or 37.9% to about RMB 5.4 million for the nine months ended September 30, 2022, from approximately RMB 8.7 million for the same period in 2021[31] - Employee benefits expenses increased by approximately RMB 1.2 million to about RMB 9.1 million for the nine months ended September 30, 2022, due to an increase in the number of employees[33] - Other operating expenses remained relatively stable at approximately RMB 2.3 million and RMB 1.9 million for the nine months ended September 30, 2021, and 2022, respectively[34] Dividends and Shareholder Information - The company did not recommend any dividend for the nine months ended September 30, 2022, consistent with the previous year[22] - The board did not recommend the payment of any dividends for the nine months ended September 30, 2022[36] - Major shareholders QY Investment Holding Limited and SRU Investment Limited hold 52.5% and 15.0% of the company's shares, respectively[44] Compliance and Governance - The company confirmed compliance with the GEM Listing Rules regarding securities trading by directors during the nine months ended September 30, 2022[48] - There were no reported conflicts of interest or competition with the group's business from directors or major shareholders during the nine months ended September 30, 2022[49] - The company did not purchase, sell, or redeem any of its listed securities during the nine months ended September 30, 2022[52] - The audit committee was established on October 21, 2019, and is composed of independent non-executive directors, ensuring compliance with GEM listing rules[54] - The audit committee reviewed the group's accounting principles and the unaudited consolidated financial performance for the nine months ended September 30, 2022[54] - The financial performance for the nine months ended September 30, 2022, has been reviewed by the audit committee and complies with applicable accounting standards and GEM listing rules[54] - The board of directors includes executive and independent non-executive members, ensuring a diverse governance structure[55] Impact of COVID-19 - The company faced significant challenges due to the ongoing COVID-19 pandemic, which led to delays or cancellations of event management projects[27] - The company experienced a reduction in marketing service demand as clients cut budgets due to pandemic-related uncertainties[29] - The company’s core business has been severely impacted since the initial outbreak of the pandemic, particularly in the Yangtze River Delta region[27]
旅橙文化(08627) - 2022 Q3 - 季度财报