Financial Performance - The group's revenue decreased from approximately RMB 60,360,000 to approximately RMB 44,000,000, representing a decline of about 27.11% compared to the same period in 2022[4]. - For the three months ended September 30, 2023, the revenue was RMB 14,418,000, down from RMB 21,093,000 in the same period of 2022[5]. - For the nine months ended September 30, 2023, total revenue was RMB 43,997,000, down 27.0% from RMB 60,364,000 in the previous year[15]. - The total comprehensive loss for the nine months ended September 30, 2023, was RMB 19,305,000, compared to RMB 14,616,000 for the same period in 2022[6]. - The net loss for the period was approximately RMB 19,310,000[4]. - The company reported a net loss of RMB 19,305,000 for the nine months ended September 30, 2023, compared to a loss of RMB 14,616,000 in the same period of 2022, reflecting a 32.5% increase in losses[21]. - The net loss for the period was approximately RMB 19,310,000, an increase of about RMB 4,690,000 or 32.08% compared to the same period in 2022[32]. Earnings Per Share - The basic and diluted loss per share for the nine months ended September 30, 2023, was 1.82 cents, compared to 1.37 cents for the same period in 2022[5]. - Basic loss per share for the nine months ended September 30, 2023, was RMB 0.0181, compared to RMB 0.0138 for the same period in 2022[21]. Assets and Liabilities - The total assets as of September 30, 2023, amounted to RMB 153,728,000, down from RMB 206,555,000 as of September 30, 2022[6]. - The company has pledged the 588,000,000 domestic shares to Zheshang Bank as collateral for a loan of RMB 50,000,000[46]. Dividends - The company does not recommend the payment of an interim dividend for the nine months ended September 30, 2023[3]. - The company did not recommend any interim dividend for the three and nine months ended September 30, 2023, and 2022[20]. Operational Highlights - The group primarily engages in the manufacturing, research and development, and sales of woven fabrics, as well as providing subcontracting services[9]. - Employee costs for the nine months ended September 30, 2023, totaled RMB 13,518,000, down 21.5% from RMB 17,268,000 in 2022[18]. - The company continued to innovate and develop new products to meet customer demands and enhance sales orders during the nine months ended September 30, 2023[39]. - The company is actively preparing to participate in various trade fairs in China to enhance its visibility in the textile market and promote new products[40]. Other Income and Gains - Other income and gains decreased by approximately RMB 2,270,000 or about 57.36% compared to the same period in 2022, mainly due to significant impairment losses related to trade receivables being reversed in 2022[26]. - The total impairment loss on trade receivables for the nine months ended September 30, 2023, was RMB 485,000, a decrease from RMB 3,033,000 in the previous year[18]. Government Support - The company received government subsidies totaling RMB 119,000 for the nine months ended September 30, 2023, consistent with the amount received in 2022[16]. Shareholder Information - As of September 30, 2023, Guizhou Yongli holds 588,000,000 domestic shares, representing 55.29% of the total issued shares of the company[45]. - Yongxing Group (Hong Kong) owns 208,530,000 H-shares, accounting for approximately 43.85% of the H-share equity and 19.61% of the total issued shares[47]. Compliance and Review - The audit committee has reviewed the unaudited financial results for the three months ended September 30, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[49]. - The company confirmed that the information provided in the report is accurate and complete, with no misleading or fraudulent elements[1]. Cost Management - The sales and distribution costs slightly decreased by approximately RMB 147,000 or about 6.23%, mainly due to a reduction in sales commissions[27]. - The estimated interest on non-current interest-free loans from the parent company for the nine months ended September 30, 2023, was RMB 1,759,000, an increase of 5.3% from RMB 1,670,000 in 2022[17].
浙江永安(08211) - 2023 Q3 - 季度财报