Financial Performance - The company'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[6]. - The net loss amounted to approximately RMB 19,310,000 for the nine months ended September 30, 2023[6]. - 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 last year[7]. - The gross loss for the nine months ended September 30, 2023, was RMB 19,305,000, compared to a gross loss of RMB 14,616,000 in the same period of 2022[7]. - Basic and diluted loss per share for the nine months ended September 30, 2023, was RMB 0.70, compared to RMB 1.37 for the same period in 2022[7]. - The total comprehensive loss for the nine months ended September 30, 2023, was RMB 19,305,000[7]. - The company reported a significant increase in administrative expenses, totaling RMB 10,492,000 for the nine months ended September 30, 2023[7]. - The company reported a net loss of RMB 9,478,000 for the three months ended September 30, 2023, compared to a net loss of RMB 7,492,000 for the same period in 2022[25]. - The total loss attributable to the shareholders 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[25]. - The loss per share for the period was approximately RMB 1.82, compared to RMB 1.37 in 2022[35]. Revenue and Income Sources - For the nine months ended September 30, 2023, the total revenue recognized from customer contracts amounted to RMB 60,364,000, an increase from RMB 43,997,000 in the same period of 2022, representing a growth of approximately 37%[17]. - The revenue from manufacturing and sales of fabrics for the nine months ended September 30, 2023, was RMB 57,876,000, compared to RMB 41,940,000 for the same period in 2022, reflecting a year-over-year increase of about 38%[17]. - Other income and gains for the nine months ended September 30, 2023, included rental income of RMB 1,005,000, significantly up from RMB 231,000 in the same period of 2022, indicating a growth of approximately 335%[18]. - The net gain from the sale of scrap materials for the nine months ended September 30, 2023, was RMB 342,000, compared to a loss of RMB 394,000 in the same period of 2022, showing a significant turnaround[17]. - The group’s interest income for the nine months ended September 30, 2023, was RMB 277,000, up from RMB 95,000 in the same period of 2022, indicating a growth of approximately 192%[17]. - The net foreign exchange gain for the nine months ended September 30, 2023, was RMB 28,000, compared to a loss of RMB 53,000 in the same period of 2022, reflecting an improvement in foreign exchange management[17]. Expenses and Costs - Total employee costs amounted to RMB 3,439,000 for the three months ended September 30, 2023, down from RMB 8,695,000 in the same period last year, indicating a significant reduction of approximately 60%[22]. - The total recognized cost of goods sold was RMB 15,315,000 for the three months ended September 30, 2023, compared to RMB 21,219,000 for the same period in 2022, showing a decrease of about 28%[22]. - Administrative expenses increased by approximately RMB 7,520,000 or about 346.92% compared to the same period in 2022, primarily due to increased expected credit losses on trade receivables[32]. - The company incurred research and development costs of approximately RMB 212,000, which were included in the employee costs disclosed[22]. Dividend and Equity - The company does not recommend the payment of an interim dividend for the nine months ended September 30, 2023[5]. - The company has reported cumulative losses as of September 30, 2023, indicating no distributable reserves available for dividend distribution[10]. - As of September 30, 2022, the total equity amounted to RMB 221,171,000, while the cumulative losses were RMB (362,069,000)[9]. - By January 1, 2023, the total equity decreased to RMB 173,033,000, with cumulative losses increasing to RMB (397,645,000)[9]. - The company holds a 100% beneficial ownership of 588,000,000 shares, representing approximately 55.29% of the total shares issued[47]. - As of September 30, 2023, the company has issued a total of 208,530,000 H-shares, representing approximately 43.85% of the total issued shares[48]. Business Operations and Strategy - The company primarily engages in the manufacturing, research and development, and sales of shuttle fabrics, as well as providing packaging services[12]. - The company focuses on small-scale hydraulic engineering, leveraging existing customer relationships and technology to provide design and management solutions for small hydraulic projects[38]. - The industrial recycling water treatment segment saw a significant increase in revenue during this period[38]. - The company continues to innovate and develop new products to meet customer demands and enhance sales orders[40]. - Active preparations are underway to participate in various trade fairs in China to increase brand awareness in the textile market and promote new products[41]. - The management aims to maximize shareholder value by reducing costs, increasing revenue, and providing high-quality products[43]. Compliance and Governance - The company’s financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, consistent with the previous fiscal year[13]. - The Audit Committee has reviewed the unaudited financial results for the three months ended March 31, 2023, and confirmed compliance with applicable accounting standards and GEM listing rules[53]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the nine months ended September 30, 2023[56].
浙江永安(08211) - 2023 Q3 - 季度财报