Financials
Quarterly Report For The Financial Period Ended 30 September 2024
Financials Archive
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Condensed Consolidated Statement Of Comprehensive Income (Unaudited)
Condensed Consolidated Statement Of Financial Position (Unaudited)
Analysis of Performance
Our GrouOur Group's total revenue stood at RMB152.3 million and RMB644.4 million for the current quarter and financial period under review respectively, derived from sales of footwear in relation to the ODM business segment.
Our Group's gross profit stood at RMB16.4 million and RMB91.1 million for the current quarter and financial period under review respectively, derived from sales of footwear in relation to the ODM business segment.
Our Group recorded a loss before tax of RMB23.1 million and RMB34.5 million for the current quarter and financial period under review respectively, mainly due to higher administrative and other expenses incurred, primarily resulting from:
additional expenses incurred for the research on suitable new raw materials (as part of our Group's strategy to keep abreast of the industry development and to sustain our competitiveness); and
compensation/rebate to customer for late delivery of sales.
Outlook and Prospects
The global economy remains challenging, marked by uncertainties and intensifying competition in the industry. Consumers worldwide are expected to exercise caution in spending, while the competitive landscape among industry players continues to evolve. Domestically, the market is showing signs of recovery, albeit subject to various unforeseen factors.
Our Group remains vigilant in managing operational costs and is actively exploring opportunities for expansion both within China and internationally. Overseas expansion offers potential benefits, including diversification of revenue streams, access to new markets, and greater resilience against domestic market fluctuations.
In the post-pandemic era, the Group remains committed to prudent operational strategies, continuously optimizing management while actively seeking growth opportunities. Through strict cost control and practical expansion measures, we strive to enhance overall competitiveness and build a solid foundation for the Group's longterm stability and development.