Financial Performance - The Group recorded a turnover of approximately RMB56,489,000 for the nine months ended 30 September 2022, representing an increase of approximately 818.7% compared to RMB6,149,000 for the corresponding period in 2021[6]. - Loss attributable to owners of the Company for the nine months ended 30 September 2022 amounted to approximately RMB6,324,000, a slight improvement from RMB7,654,000 in 2021[7]. - Basic loss per share for the nine months ended 30 September 2022 was RMB0.37, compared to RMB0.44 for the same period in 2021[7]. - Revenue for the three months ended 30 September 2022 was RMB29,426,000, compared to RMB974,000 for the same period in 2021[8]. - The total comprehensive income for the nine months ended 30 September 2022 was RMB5,876,000, a recovery from a loss of RMB7,813,000 in 2021[8]. - The Group reported a profit before income tax of RMB(854,000) for the nine months ended 30 September 2022, compared to a loss of RMB7,959,000 in 2021[8]. - For the three months ended September 30, 2022, the profit attributable to owners of the Company was RMB4,155,000, compared to RMB1,462,000 for the same period in 2021, representing an increase of 184.5%[9]. - The total comprehensive income for the period attributable to owners of the Company was RMB10,126,000 for the three months ended September 30, 2022, compared to RMB3,627,000 in 2021, marking an increase of 178.5%[9]. - Basic and diluted earnings per share for the three months ended September 30, 2022, were RMB0.24, up from RMB0.08 in the same period of 2021, reflecting a 200% increase[9]. - The total comprehensive income for the nine months ended September 30, 2022, was RMB5,693,000, compared to a loss of RMB7,499,000 in 2021, indicating a significant recovery[9]. Revenue and Income Sources - For the three months ended September 30, 2022, the Group's revenue from platform services increased to RMB29,426,000, compared to RMB903,000 in the same period of 2021, representing a growth of 3,157%[35]. - For the nine months ended September 30, 2022, total revenue reached RMB56,325,000, up from RMB5,913,000 in 2021, marking an increase of 876%[35]. - Interest income for the nine months ended September 30, 2022, was RMB164,000, a decrease from RMB236,000 in the same period of 2021[35]. - The Group's bank interest income for the three months ended September 30, 2022, was RMB3,000, compared to RMB1,000 in the same period of 2021[35]. - Revenue from financial service platforms amounted to approximately RMB56.3 million, representing an increase of approximately 852.6%[77]. - Revenue from loan services, finance leasing, and factoring services amounted to approximately RMB164,000, representing a drop of approximately 30.5%[77]. Expenses and Financial Management - Employee benefit expenses for the nine months ended September 30, 2022, totaled RMB5,185,000, down from RMB6,621,000 in 2021, reflecting a decrease of 22%[39]. - Other administrative expenses increased to RMB40,103,000 for the nine months ended 30 September 2022, compared to RMB9,144,000 in 2021[8]. - Administrative and employee benefit expenses increased by approximately 187.3% to approximately RMB45.3 million, due to increased marketing and advertising fees[83]. - Interest expenses decreased by approximately 79.4% to RMB20,000 from RMB97,000 for the corresponding period of last year[78]. Corporate Governance and Compliance - The Group's shares have been suspended from trading on the Hong Kong Stock Exchange since March 29, 2021[11]. - The Company is currently under investigation related to suspected illegal absorption of public deposits, impacting its financial and operational status[16]. - The company has been actively addressing the Resumption Guidance issued by the Stock Exchange, with updates provided on multiple occasions throughout 2021 and 2022[105]. - The company has fulfilled several conditions of the Resumption Guidance, including those related to management integrity and internal controls[109]. - The Audit Committee, comprising five independent non-executive Directors, reviewed the unaudited condensed consolidated results for the nine months ended September 30, 2022, confirming compliance with applicable accounting standards and GEM Listing Rules[191][194]. Corporate Restructuring and Future Outlook - The Group is undergoing a corporate restructuring, with expectations that its business and financial position will improve post-restructuring[96]. - The board believes that the group has sufficient operating funds to fully repay its financial obligations due in the foreseeable future[97]. - The company is focused on ensuring accurate reporting and compliance with the GEM Listing Rules[115]. Share Options and Equity - The total number of shares available for issue under the Share Option Scheme is 173,143,250, which is approximately 10% of the total issued share capital[147]. - The maximum entitlement of each participant under the Share Option Scheme is not exceeding 1% of the issued share capital in any 12-month period[148]. - The Share Option Scheme aims to provide incentives to eligible participants for their contributions to the Group[140]. - A total of 98,000,000 share options were granted to existing directors, employees, and advisors under the Share Option Scheme on January 15, 2018[162]. - The options are structured to incentivize performance based on profit achievements over specified periods[162]. Directors and Shareholding - As of September 30, 2022, the interests of the Directors and chief executive in the company's shares included Mr. Zhang Gongjun with 800,000 shares (0.05%) and Dr. Vincent Cheng and Dr. Miao Bo each with 120,000 shares (0.01%)[124]. - Ming Cheng Investments Limited holds 367,739,567 shares, representing approximately 21.24% of the total shares[132]. - Mr. Zheng Weijing has a total interest of 408,369,769 shares, which is about 23.59% of the total shares[135]. - Sino-Africa Resources Holdings Limited owns 255,676,042 shares, accounting for approximately 14.77% of the total shares[135].
丰银禾控股(08030) - 2022 Q3 - 季度财报