Financial Performance - For the three months ended September 30, 2023, the company's revenue was RMB 10,559,000, a decrease of 71% compared to RMB 36,420,000 for the same period in 2022[2]. - The gross profit for the same period was RMB 1,532,000, down 23.2% from RMB 1,994,000 year-on-year[2]. - Operating loss for the three months was RMB 3,033,000, an improvement from a loss of RMB 4,333,000 in the previous year[2]. - The net loss attributable to the owners of the company for the period was RMB 5,795,000, compared to RMB 7,123,000 in the same period last year, reflecting an 18.7% reduction in losses[2]. - The basic and diluted loss per share for the period was RMB 0.64, compared to RMB 0.79 for the same period in 2022[2]. - The total comprehensive loss for the period was RMB 6,067,000, down from RMB 10,682,000 in the previous year, indicating a 43.3% decrease in total comprehensive losses[2]. - The company reported a foreign exchange loss of RMB 272,000 for the period, compared to a loss of RMB 3,559,000 in the same period last year[2]. - The group reported a net loss of RMB 5,795,000 for the three months ended September 30, 2023, compared to a net loss of RMB 7,123,000 for the same period in 2022[30]. - The group recorded a loss before tax of RMB 5,795 thousand for the three months ended September 30, 2023, compared to a loss of RMB 6,769 thousand for the same period in 2022[11]. - The group reported a total receivable from related companies of RMB 52,244,000 as of September 30, 2023, compared to RMB 51,503,000 as of June 30, 2023, indicating a slight increase of 1.44%[97]. Revenue Breakdown - The furniture manufacturing and sales segment generated revenue of RMB 5,087 thousand, down 40% from RMB 8,439 thousand year-over-year[11]. - The data center segment reported revenue of RMB 5,472 thousand, a decrease of 6% from RMB 5,815 thousand in the previous year[11]. - The construction management services segment contributed RMB 22,166 thousand, which was not present in the previous year's results[11]. - Revenue from furniture sales was RMB 5,087,000, down 40% from RMB 8,439,000 year-on-year[21]. - Data center business revenue was RMB 5,472,000, a decline of 6% from RMB 5,815,000 in the previous year[21]. - The overall revenue for the group was approximately RMB 10.6 million, a decrease of about RMB 25.8 million or approximately 71.0% compared to the previous year[47]. - The construction management services segment reported no revenue during the period, as no new projects were initiated, leading to a significant decline in overall group revenue[54]. Expenses and Costs - Unallocated expenses for the period were RMB 1,078 thousand, down from RMB 2,142 thousand in the previous year[12]. - Financing costs increased to RMB 2,762,000, up from RMB 2,436,000 in the previous year, primarily due to higher interest expenses on convertible bonds[24]. - Sales and distribution expenses for the reporting period were approximately RMB 1.3 million, a decrease of about RMB 0.7 million or 36.3% compared to RMB 2.0 million in the same period last year[63]. - Administrative and other expenses amounted to approximately RMB 4.1 million, down by about RMB 1.9 million or 32.0% from RMB 6.0 million year-on-year[65]. - Financing costs increased to approximately RMB 2.8 million, representing a year-on-year increase of about 13.4% from RMB 2.4 million, primarily due to higher interest expenses from convertible bonds[66]. Corporate Governance - The audit committee reviewed the unaudited consolidated financial statements for the three months ended September 30, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[100]. - The group confirmed that all directors complied with the code of conduct regarding securities trading during the reporting period[103]. - The group’s governance practices are based on the GEM listing rules, and it has adhered to the applicable code provisions during the reporting period, with some exceptions noted[106]. - The company held its annual general meeting on October 20, 2023, with all board members present to address shareholder questions[110]. - The board of directors is committed to reviewing and implementing appropriate measures to comply with corporate governance codes[110]. - The company has no chairman of the board during the reporting period, with responsibilities assumed by the CEO[110]. Future Outlook and Strategy - The company plans to continue focusing on its core segments while exploring opportunities for market expansion and new product development[19]. - The group aims to expand its data center business by enhancing promotional activities and diversifying service offerings, including cloud computing and disaster recovery services[50]. - The group plans to establish its own data center to reduce reliance on external suppliers and enhance competitiveness[50]. - The group plans to focus resources on stabilizing and expanding the market in the southwestern region of China, aiming to recover and solidify its market position[48]. - The group intends to enhance research and development efforts to create differentiated value for customers and attract new clients[48]. - The group aims to improve operational efficiency and service capabilities by controlling costs and managing the supply chain effectively[48]. - The group maintains a cautiously optimistic outlook for the future market despite the ongoing adjustments in the real estate market[48]. Shareholder Information - As of September 30, 2023, key executives held significant equity interests, with Mr. Ma Minghui owning 27.04% of the issued share capital[80]. - As of September 30, 2023, the total number of issued ordinary shares is 907,333,333[85]. - Sun Universal Limited holds 245,300,400 shares, representing approximately 27.04% of the issued share capital[85]. - Brilliant Talent Global Limited owns 116,580,000 shares, accounting for approximately 12.85% of the issued share capital[85]. - Even Joy Holdings Limited has a stake of 46,800,000 shares, which is about 5.15% of the issued share capital[85]. - The company has a total of 65,000,000 shares available for issuance under the share option plan, representing approximately 7.16% of the issued shares as of the report date[88]. - The share option plan was adopted on December 19, 2016, and has approximately 3 years and 3 months remaining until expiration[88]. - The company granted an option to Mr. Lai for up to 100,000,000 shares, which would represent about 11.02% of the current issued share capital if fully exercised[90]. - Mr. Li has an option for up to 2,000,000 shares, equivalent to approximately 0.2204% of the current issued share capital[90]. - No convertible bonds were exercised by Even Joy during the reporting period, which could have allowed for the conversion of up to 46,800,000 shares[87]. - The company has not granted, exercised, canceled, or allowed any options to lapse under the share option plan other than those mentioned[90].
智昇集团控股(08370) - 2024 Q1 - 季度财报