Financial Performance - For the nine months ended September 30, 2023, the group recorded unaudited revenue of approximately RMB 498.48 million, a decrease of about 5.7% compared to RMB 527.51 million for the same period in 2022[6]. - The group reported an unaudited loss of approximately RMB 47 million for the nine months ended September 30, 2023, compared to an unaudited loss of RMB 46 million for the same period in 2022[6]. - Basic loss per share for the nine months ended September 30, 2023, was RMB 0.55, slightly higher than RMB 0.54 for the same period in 2022[6]. - Gross profit for the nine months ended September 30, 2023, was RMB 146.21 million, down from RMB 152.77 million in the same period of 2022[7]. - The total comprehensive loss for the nine months ended September 30, 2023, was RMB 46.57 million, compared to RMB 45.90 million for the same period in 2022[7]. - The company's total equity as of September 30, 2023, was RMB 45.35 million, down from RMB 52.30 million as of September 30, 2022[9]. - The group recorded an unaudited loss of approximately RMB 47 million for the nine months ended September 30, 2023, compared to an unaudited loss of approximately RMB 46 million for the same period in 2022[30]. - The group's gross profit decreased from approximately RMB 153 million for the nine months ended September 30, 2022, to approximately RMB 146 million for the same period in 2023, representing a decline of about 4.6%[26]. Dividend and Shareholder Information - The board of directors resolved not to declare an interim dividend for the nine months ended September 30, 2023, consistent with the previous year[6]. - The company did not declare an interim dividend for the nine months ended September 30, 2023, consistent with the previous year[20]. - The major shareholder Neo Concept holds 233.4 million shares, representing 27.46% of the company's equity[42]. - Director Sha Xunyi holds 132.4 million shares, accounting for 15.58% of the company's equity[39]. - No shares were purchased, sold, or redeemed by the company or its subsidiaries in the nine months ending September 30, 2023[43]. Administrative and Operational Insights - Administrative expenses increased to RMB 168.22 million for the nine months ended September 30, 2023, compared to RMB 176.34 million for the same period in 2022[7]. - Administrative expenses decreased from approximately RMB 176 million for the nine months ended September 30, 2022, to approximately RMB 168 million for the same period in 2023[28]. - The company has not announced any new product or technology developments during this reporting period[10]. - There are no updates on market expansion or mergers and acquisitions mentioned in the report[10]. - The company continues to serve a large number of garment brand companies and manufacturers in China[23]. - The company plans to explore opportunities in other garment and textile businesses to diversify its operations and revenue sources post-pandemic[23]. Financial Compliance and Governance - The group has adopted all relevant new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, with no significant changes to accounting policies[13]. - The company has fully complied with the GEM Listing Rules regarding the conduct of securities transactions by directors[44]. - The company has adhered to the corporate governance code throughout the nine months ending September 30, 2023[45]. - No significant contracts were identified where directors had a substantial interest during the nine months ending September 30, 2023[46]. - There were no competitive interests reported by major shareholders or directors that could conflict with the company's business[47]. - The Audit Committee was established on June 24, 2017, and consists of three independent non-executive directors[50]. - The Audit Committee's main responsibilities include reviewing financial statements and providing opinions on financial reporting[50]. - The unaudited financial information for the nine months ending September 30, 2023, has been reviewed by the Audit Committee[50]. - The financial statements are deemed to comply with applicable accounting standards and GEM listing rules[50]. Future Plans and Investments - The group plans to enhance its production facilities and digital printing technology, with an allocation of approximately HKD 7.9 million[35]. - The group aims to develop its capabilities in RFID technology application, with an expected utilization of approximately HKD 3.0 million, of which HKD 0.7 million has been used[35]. - As of September 30, 2023, the company utilized HKD 0.3 million for operational funding related to the IT sector expansion[38]. - The company plans to invest HKD 5.11 million in IT-related companies or projects by December 2023[38]. Events and Updates - No significant events occurred after September 30, 2023, up to the report date[49]. - The report was issued by the Chairman and Executive Director, Lin Qiyuan, on November 6, 2023[50].
新达控股(08471) - 2023 Q3 - 季度财报