First Six Months of Fiscal 2023 Financial Metrics:
- Total revenue decreased by approximately RMB8.8 million ($1.3 million) or 16.3% to RMB45.6 million ($6.6 million) for the six months ended December 31, 2022 from RMB54.4 million for the same period in 2021.
- Gross profit decreased by approximately RMB1.4 million ($0.20 million) or 9.5% to RMB13.1 million ($1.9 million) for the six months ended December 31, 2022, from RMB14.5 million for the same period in 2021.
- Gross margin increased to 28.8% for the six months ended December 31, 2022 from 26.7% for the same period in 2021.
- Research and development expenses decreased from RMB5.5 million ($0.9 million) for the six months ended December 31, 2021 to RMB5.1 million ($0.7 million) for the same period in 2022.
- Net income decreased by RMB141.3 million ($20.5 million) to net loss of RMB29.9 million ($4.3 million) for the six months ended December 31, 2022 from net income of RMB111.4 million ($17.5 million) for the same period in 2021.
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For the Six Months Ended |
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|
December 31, |
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|
2022 |
2021 |
Increase /(Decrease) |
Percentage Change |
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|
(in RMB millions, except earnings per share; differences due to rounding) |
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|
Revenue |
RMB |
45.6 |
RMB |
54.4 |
RMB |
(8.8) |
(16.3) |
% |
||||
|
Gross profit |
13.1 |
14.5 |
(1.4) |
(9.5) |
% |
|||||||
|
Gross margin |
28.8 |
% |
26.7 |
% |
2.1 % |
/ |
||||||
|
Net income |
(29.9) |
111.4 |
(141.3) |
(126.8) |
% |
|||||||
|
Net earnings per share- diluted |
(0.88) |
3.87 |
(4.75) |
(122.7) |
% |
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