Financial Performance - The company reported revenue of RMB 8,011,000 for the three months ended March 31, 2023, representing a 93.5% increase from RMB 4,135,000 in the same period of 2022[3]. - The cost of goods sold increased to RMB (3,489,000) compared to RMB (1,552,000) in the previous year, indicating a significant rise in operational costs[3]. - The company achieved a profit before tax of RMB 209,000, a turnaround from a loss of RMB (540,000) in the same quarter of the previous year[3]. - The net profit attributable to owners of the company was RMB 12,000, compared to a loss of RMB (582,000) in the prior year[3]. - Total comprehensive income for the period was RMB 110,000, recovering from a loss of RMB (546,000) in the same quarter of 2022[3]. - The company reported a basic and diluted earnings per share of RMB 0.00, compared to a loss per share of RMB (0.07) in the previous year[3]. - The company recorded a net profit of approximately RMB 0.01 million for the three months ended March 31, 2023, compared to a net loss of approximately RMB 0.6 million for the same period in 2022[37]. Income and Expenses - Other income decreased slightly to RMB 60,000 from RMB 69,000 year-over-year[3]. - Employee benefits expenses increased to approximately RMB 3.6 million for the three months ended March 31, 2023, up by about RMB 0.4 million or 15.9% from RMB 3.1 million in the same period in 2022[33]. - Interest income for the three months ended March 31, 2023, was RMB 60,000, a slight decrease from RMB 69,000 in the same period in 2022[3]. - The company recorded a trade receivables expected credit loss reversal of approximately RMB 0.04 million for the three months ended March 31, 2023, compared to RMB 0.7 million in the same period in 2022[34]. Shareholder Information - As of March 31, 2023, the company’s major shareholders, Mr. Zhou and Ms. Song, each hold 420,000,000 shares, representing 52.5% of the total equity[39]. - SRU Investment Limited and Mr. Fan each hold 120,000,000 shares, accounting for 15.0% of the total equity[42]. - The company’s major shareholders are required to disclose their interests in accordance with the Securities and Futures Ordinance[42]. Corporate Governance - The company is committed to enhancing corporate governance to protect and enhance shareholder value[53]. - The audit committee consists of independent non-executive directors, ensuring proper oversight of financial reporting and internal controls[55]. - The audit committee reviewed the financial results for the three months ended March 31, 2023, ensuring compliance with applicable accounting standards and GEM Listing Rules[58]. - The company has maintained a focus on risk management and internal control procedures as part of its governance practices[56]. - The company has adopted the GEM Listing Rules for securities trading conduct standards, confirming compliance with these standards during the reporting period[45]. Market Outlook and Business Strategy - The company anticipates that the market recovery will lead to a rebound in demand and a gradual restoration of business activities[28]. - The company plans to explore new business opportunities in sectors aligned with national strategic development trends, including low-carbon, environmental protection, and new energy[30]. - The number of projects undertaken by the company increased during the three months ended March 31, 2023, due to the relaxation of COVID-19 restrictions, which boosted market demand[27]. Equity and Dividends - The company’s total equity as of March 31, 2023, was RMB 85,858,000, down from RMB 89,912,000 at the beginning of the year[5]. - The company did not recommend any dividend payment for the three months ended March 31, 2023, consistent with the previous year[38]. - No stock options were granted, exercised, expired, or lapsed during the three months ended March 31, 2023[45]. Other Information - The company continues to evaluate the impact of new accounting standards on its financial performance but has not identified any significant effects to date[11]. - The company operates primarily in Jiangsu Province, China, focusing on event management and design services[8]. - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[54].
旅橙文化(08627) - 2023 Q1 - 季度财报