Financial Performance - For the nine months ended September 30, 2023, revenue was approximately RMB 22.6 million, a decrease of about 32.9% compared to RMB 33.6 million for the same period in 2022[5] - The loss attributable to owners of the company for the nine months ended September 30, 2023, was approximately RMB 6.3 million, a reduction of about RMB 9.0 million from a loss of RMB 15.3 million for the same period in 2022[5] - Basic loss per share for the nine months ended September 30, 2023, was approximately RMB 3.93, compared to RMB 19.16 for the same period in 2022[5] - Gross profit for the nine months ended September 30, 2023, was RMB 1.54 million, down from RMB 2.38 million in the same period of 2022[6] - The company reported a financing cost of RMB 1.15 million for the nine months ended September 30, 2023, compared to RMB 4.14 million for the same period in 2022[6] - Other comprehensive loss attributable to owners for the nine months ended September 30, 2023, was RMB 6.2 million, compared to RMB 14.72 million for the same period in 2022[8] - The company recorded a foreign exchange gain of RMB 89,000 for the nine months ended September 30, 2023, compared to a gain of RMB 610,000 for the same period in 2022[8] - Total equity as of September 30, 2023, was approximately RMB 4.84 million, a decrease from RMB 18.25 million at the beginning of the year[10] Revenue and Sales - For the nine months ended September 30, 2023, the company's revenue from tinplate and other packaging products decreased by approximately RMB 11.0 million or 32.9% to approximately RMB 22.6 million compared to RMB 33.6 million for the same period in 2022[24] - Revenue from the sale of tinplate and other packaging products decreased by approximately RMB 11.0 million or about 32.9% to approximately RMB 22.6 million for the nine months ended September 30, 2023, compared to approximately RMB 33.6 million for the same period in 2022[27] - Cost of sales decreased by approximately RMB 10.1 million or about 32.8% to approximately RMB 21.1 million for the nine months ended September 30, 2023, from approximately RMB 31.2 million for the same period in 2022[28] Operational Efficiency - The company plans to upgrade production lines to enhance overall production efficiency and maintain product competitiveness[24] - The company aims to reduce fixed indirect costs, including maintenance costs, direct labor costs, and manufacturing expenses, to achieve its operational goals[24] Expenses and Losses - Administrative and other expenses decreased by approximately RMB 4.4 million or about 45.7% to approximately RMB 5.1 million for the nine months ended September 30, 2023, primarily due to reduced employee costs and R&D expenses[33] - Financing costs decreased from approximately RMB 4.1 million to approximately RMB 1.1 million for the nine months ended September 30, 2023, mainly due to a reduction in borrowings[35] - The loss for the period decreased from approximately RMB 15.3 million to approximately RMB 6.3 million for the nine months ended September 30, 2023, attributed to reduced other losses and lower administrative expenses[36] - Other income and losses improved from a loss of approximately RMB 2.6 million to a loss of approximately RMB 0.4 million for the nine months ended September 30, 2023[31] Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the nine months ended September 30, 2023[20] - No interim dividend was recommended for the nine months ended September 30, 2023[37] - The weighted average number of ordinary shares used for calculating loss per share for the nine months ended September 30, 2023, was 160,000 thousand shares, the same as for the same period in 2022[21] Compliance and Governance - The company is committed to adhering to the Hong Kong Financial Reporting Standards and GEM Listing Rules in its financial reporting[12] - The company has not adopted any new or revised standards that have a significant impact on its financial performance for the nine months ended September 30, 2023[14] - The audit committee has reviewed the group's financial performance for the nine months ending September 30, 2023, which remains unaudited but has been reviewed by the committee[58] Market Strategy - The company continues to focus on manufacturing and selling tinplate and other packaging products primarily in China and Hong Kong[12] - The company will participate in several exhibitions related to paints and coatings as part of its market expansion strategy[26] Other Information - The company had no significant contingent liabilities as of September 30, 2023[38] - There were no major investments held that accounted for more than 5% of the company's total assets as of September 30, 2023[39] - As of September 30, 2023, the company did not purchase, sell, or redeem any of its listed securities during the nine-month period[52] - The board of directors confirmed that they do not have any significant beneficial interests in any contracts related to the group's business as of September 30, 2023[53]
港娱国际(08291) - 2023 Q3 - 季度财报