Financial Performance - Revenue for the three months ended September 30, 2023, was RMB 10,897,723, a 125.5% increase compared to RMB 4,847,353 for the same period in 2022[8] - Gross profit for the nine months ended September 30, 2023, was RMB 16,190,996, up 30.5% from RMB 12,366,094 in the same period of 2022[8] - Loss for the period attributable to owners of the Company for the three months ended September 30, 2023, was RMB 1,719,563, compared to a loss of RMB 5,791,645 for the same period in 2022[9] - Total comprehensive expenses for the nine months ended September 30, 2023, amounted to RMB 2,885,957, a decrease from RMB 6,771,726 in the same period of 2022[9] - Basic loss per share for the three months ended September 30, 2023, was RMB (0.48), compared to RMB (1.61) for the same period in 2022[9] - The Company reported a loss before income tax of RMB 1,157,245 for the nine months ended September 30, 2023, compared to a loss of RMB 5,353,396 in the same period of 2022[8] - For the nine months ended September 30, 2023, the company reported a loss before income tax of approximately $22.60 million, compared to $3.23 million for the same period in 2022, indicating a significant increase in losses[49] - The basic loss per share for the nine months ended September 30, 2023, was $5.22, compared to $4.29 for the same period in 2022, indicating a worsening of the loss per share[55] Revenue Breakdown - For the nine months ended September 30, 2023, total revenue reached approximately 38.79 million, a significant increase from 15.60 million in the same period of 2022, representing a growth of 148.5%[46] - Revenue from contracts with customers for energy storage solutions and general construction amounted to 10.08 million, while energy storage service income was 660,088[46] - Factoring income for the nine months ended September 30, 2023, was 10.27 million, compared to 5.37 million in the same period of 2022, indicating an increase of 91.5%[46] - The company reported finance lease income of 234,640 for the nine months ended September 30, 2023, down from 1.80 million in the same period of 2022, a decrease of 87.8%[46] - Bank interest income for the nine months ended September 30, 2023, was 2.44 million, compared to 2.22 million in the same period of 2022, reflecting an increase of 10%[46] - The company recognized a VAT refund of 583,386 during the nine months ended September 30, 2023, compared to 2.14 million in the same period of 2022, a decrease of 72.7%[46] - Other income, gains, and losses totaled 4.65 million for the nine months ended September 30, 2023, down from 9.27 million in the same period of 2022, a decline of 49.9%[46] Operating Expenses - Operating expenses for the nine months ended September 30, 2023, were RMB 4,765,482, slightly higher than RMB 4,383,885 in the same period of 2022[8] - The Group's administrative expenses for the Reporting Period were approximately RMB 15.92 million, an increase of approximately 24.76% from RMB 12.76 million in the same period last year, primarily due to increased personnel in the energy storage business[71][74] - Operating expenses were approximately RMB 4.77 million, an increase of approximately 8.70% from RMB 4.38 million in the same period last year, driven by higher personnel costs and business expansion expenses in the energy storage sales business[73] Taxation and Impairment - The income tax expense for the nine months ended September 30, 2023, was approximately $1.73 million, compared to $0.86 million for the same period in 2022, showing an increase of about 100%[51] - The company reported a current income tax expense of $1.47 million for the nine months ended September 30, 2023, down from $1.90 million in the same period of 2022[51] - The provision for impairment loss on accounts receivable was approximately RMB 1.78 million, a decrease of approximately 80.86% from RMB 9.28 million in the previous year, due to a reduction in total accounts receivable and the settlement of accounts by customers[76][78] Corporate Governance and Shareholding - The company has been listed on the GEM of the Stock Exchange since May 23, 2017, indicating its commitment to growth in the small and mid-sized company market[11] - The Board did not recommend any dividend for the reporting period, consistent with the previous year where no dividend was declared[3] - As of September 30, 2023, none of the Directors, Supervisors, or chief executives had any interest or short position in the shares or debentures of the company[2] - The company and its subsidiaries did not purchase, sell, or redeem any of the company's listed securities during the reporting period[109] - There were no competing interests reported among Directors, controlling shareholders, or their close associates as of September 30, 2023[4] - The company remains compliant with corporate governance standards as per the GEM Listing Rules[4] - No significant changes in shareholding structure were reported as of September 30, 2023[1] Business Operations and Strategy - The Company is engaged in financial leasing, advisory services, and customer referral, with subsidiaries involved in various sectors including medical equipment and energy storage[12] - The company continues to explore opportunities for market expansion and new product development in the energy storage sector[46] - The Group is focusing on prudent financial management and enhancing customer screening to manage default risk in its financing leasing and advisory services[62] - Jiangsu Anshi has developed several proprietary products, with more in the pipeline for market launch[59] - The Group continues to strengthen the maintenance of completed 5G base stations and enhance operational efficiency through leasing contracts with telecom operators[59] Financial Reporting Standards - For the nine months ended September 30, 2023, the financial statements were prepared in accordance with HKFRS and have not been audited but reviewed by the audit committee[19][20] - The company adopted new HKFRS amendments effective from January 1, 2023, including HKFRS 17 related to insurance contracts and amendments to HKAS 1 regarding the disclosure of accounting policies[24][27] - The application of the new and amended HKFRSs had no material impact on the Group's financial performance for the current and prior periods[25][28] - The company has not early adopted any new HKFRSs that have been issued but are not yet effective in the current accounting period[16] - The amendments to HKAS 1 and HKFRS Practice Statement 2 aim to enhance the usefulness of accounting policy disclosures by focusing on materiality[27][30] - Management's significant judgments and key sources of estimation uncertainty remained consistent with those applied in the 2022 consolidated financial statements[40]
富银融资股份(08452) - 2023 Q3 - 季度财报