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Review of Group Comprehensive Income
The Group’s revenue increased by RMB26.8 million from RMB65.0 million in financial period ended 30
September 2020 (“FPE2020”) to RMB91.8 million in financial period ended 30 September 2021 (“FPE2021”).
The increase was mainly due to increase in global and local demand of the food products sold by China subsidiary
and also the addition of revenue stream attributable to the new subsidiary acquired in July 2021
Gross Profit (“GP”) margin increased from 11.0% for FPE2020 to 22.0% for FPE2021. This was mainly due to
higher demand which lead to higher selling price on certain products. Increase in other income was mainly due to
waiver of principal and interest on loan from a Director amounted to approximately RMB22 million.
General and administrative expenses increased from RMB18.1 million to RMB24.6 million mainly due to
incorporation of new subsidiaries and acquisition of a new subsidiary in July 2021 which has active business
operation in the construction and engineering industry. The Group recorded net loss before taxation of RMB22.4
million in FPE2021 compared to loss of RMB21.8 million in FPE2020 mainly due to impairment loss on goodwill
recognised as at 30 September 2021 amounting to approximately RMB36.9 million
