Financial Performance - For the nine months ended September 30, 2023, the company reported total revenue of RMB 16,494,000, a decrease of 15.5% compared to RMB 19,513,000 for the same period in 2022[4] - The gross profit for the nine months ended September 30, 2023, was RMB 1,045,000, down 69.7% from RMB 3,447,000 in the same period last year[4] - The company recorded a net loss of RMB 2,938,000 for the nine months ended September 30, 2023, compared to a net loss of RMB 3,372,000 for the same period in 2022, indicating a 12.9% improvement in losses year-over-year[4] - Basic loss per share for the nine months ended September 30, 2023, was RMB 0.59, compared to RMB 0.67 for the same period in 2022[4] - The loss attributable to shareholders for the nine months ended September 30, 2023, was approximately RMB 2,938,000, a reduction of RMB 434,000 from RMB 3,372,000 in the same period of 2022[28] - The gross profit margin for the nine months ended September 30, 2023, was 6.3%, down from 17.7% for the same period in 2022[28] - Financing costs for the nine months ended September 30, 2023, were approximately RMB 2,280,000, significantly lower than RMB 4,838,000 for the same period in 2022[17] - Administrative expenses for the nine months ended September 30, 2023, were approximately RMB 1,501,000, a decrease of RMB 164,000 compared to the previous year[28] - The company did not declare any dividends for the nine months ended September 30, 2023, consistent with the same period in 2022[23] - No dividends were declared for the nine months ending September 30, 2023, mirroring the previous year's performance[35] Financial Position and Concerns - As of September 30, 2023, the company had a net current liability of approximately RMB 51,729,000 and a capital deficiency of approximately RMB 51,571,000, raising significant doubts about the company's ability to continue as a going concern[13] - The board plans to implement measures to enhance operational cash flow, including close monitoring of administrative expenses and operating costs[13] - A major shareholder and a director have confirmed their intention to provide sufficient financial support to ensure the company can continue operating for at least the next twelve months[13] - The company has not adopted new or revised accounting standards that have been issued but are not yet effective as of September 30, 2023[14] - The company has made a provision for claims amounting to approximately RMB 86,000 (equivalent to about HKD 96,000) as of September 30, 2023, consistent with the previous year[31] - The company has no significant contingent liabilities other than those disclosed[32] Business Operations and Strategy - The company is actively expanding its business in various cities including Hangzhou, Jiaxing, Shanghai, and Nanjing, aiming to increase its customer base[26] - The company plans to continue purchasing a series of processing equipment to develop new products and enhance market competitiveness[26] - The company has signed cooperation letters of intent with several trading agents, focusing on metal casting and precision machinery companies[26] - The company is actively expanding its product and sales markets through strategic partnerships, focusing on electronic components and industrial electronic control systems[33] - The company is implementing cost control measures to manage expenses effectively[28] Corporate Governance and Shareholder Information - As of September 30, 2023, the controlling shareholder holds 322,675,000 shares, representing approximately 64.535% of the total issued share capital[38] - Major shareholder 瑞遠機器人 holds 370,000,000 domestic shares, representing 74.00% of the registered capital[44] - 杭州沁蝶機電設備有限公司 and 諸暨金福機電設備有限公司 each also hold 370,000,000 domestic shares, both representing 74.00% of the registered capital[44] - 何楊根先生 holds 370,000,000 domestic shares, representing 74.00% of the registered capital[46] - Martin Currie China Hedge Fund Limited and Martin Currie Investment Management Limited each hold 14,245,000 H shares, representing 10.96% of the class of shares and 2.85% of the registered capital[46] - The company did not repurchase any shares during the reporting period[48] - The company has complied with all corporate governance codes as per GEM listing rules, except for the absence of a CEO position[51] - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the nine months ending September 30, 2023[53] - No conflicts of interest were reported among directors, supervisors, and major shareholders during the reporting period[49] - The company has not purchased or sold any of its shares during the reporting period[48] - The company maintains a balance of power and responsibility through its experienced board of directors despite not having a CEO[51] Legal and Regulatory Matters - The company continues to monitor the ongoing labor arbitration case, which has been indefinitely suspended since May 5, 2017[31] - The company has not reported any significant events after the reporting period[36] - The board of directors and senior management have not been granted any rights to purchase shares during the nine months ending September 30, 2023[37] - The company has not established any arrangements that would allow directors or senior management to acquire interests in shares or bonds of the company or its affiliates during the reporting period[42]
瑞远智控(08249) - 2023 Q3 - 季度财报