Financial Performance - Revenue for the six months ended December 31, 2024, was RMB 142,095,000, representing a 23.1% increase from RMB 115,360,000 in the same period of 2023[4] - Gross profit decreased to RMB 39,091,000, down 15.3% from RMB 46,185,000 year-on-year[4] - The net loss for the period was RMB 10,293,000, compared to a net loss of RMB 6,991,000 in the previous year, indicating a 47.5% increase in losses[4] - Basic and diluted loss per share was RMB 0.76, compared to RMB 0.53 in the same period last year[6] - The company reported a total comprehensive loss of RMB 6,991,000 for the six months ended December 31, 2023, compared to a loss of RMB 4,998,000 during the same period last year[12] - The company recognized a loss of RMB 10,293,000 for the six months ended December 31, 2024, compared to a loss of RMB 6,991,000 in the same period of 2023[26] - The company reported a pre-tax loss of RMB 7,912,000 for the six months ended December 31, 2024, compared to a loss of RMB 4,998,000 for the same period in 2023, representing a 58.4% increase in losses[35] Assets and Liabilities - Total assets decreased to RMB 146,158,000 from RMB 159,383,000, a decline of 8.2%[7] - Total equity decreased to RMB 67,482,000 from RMB 77,932,000, a decline of 13.4%[9] - Total assets as of December 31, 2024, were RMB 172,606,000, a decrease from RMB 186,263,000 as of June 30, 2024[29] - Total liabilities decreased to RMB 105,124,000 as of December 31, 2024, from RMB 108,331,000 as of June 30, 2024[29] - The company’s total liabilities decreased to RMB 34,817,000 as of December 31, 2023, from RMB 29,979,000 as of July 1, 2023[12] - The company’s goodwill increased slightly to RMB 902,000 as of December 31, 2024, from RMB 901,000 at the beginning of the year[40] Cash Flow and Financing - Cash and cash equivalents increased to RMB 49,921,000 from RMB 44,053,000, reflecting an increase of 13.1%[7] - Cash generated from operating activities for the six months ended December 31, 2024, was RMB 14,663,000, an increase from RMB 14,148,000 in the previous year[16] - The financing activities net cash outflow for the six months ended December 31, 2024, was RMB 8,622,000, a decrease from RMB 13,124,000 in the previous year[18] - The company issued new shares during the period, raising RMB 26,672,000, which was not repeated in the current reporting period[18] - The company has secured bank loans with collateral totaling RMB 30,039,000 as of December 31, 2024, compared to RMB 22,965,000 as of June 30, 2024[56] Operational Highlights - The company plans to focus on market expansion and new product development in the upcoming periods[4] - Revenue from e-commerce operations reached RMB 104,473,000, up from RMB 74,322,000 in the previous year, indicating a significant increase of about 40%[26] - The company is focused on expanding its brand e-commerce operation services in China, which includes digital marketing and online retail services[66] - The company plans to expand its e-commerce operation services into Southeast Asia, having established a service team in Malaysia to support local offline merchants in transitioning to online operations[69] - The company is continuously optimizing its e-commerce operation services, focusing on small home appliances and expanding its brand portfolio with well-known brands such as Philips and ASUS[68] Employee and Administrative Costs - Total employee costs, including directors' remuneration, amounted to RMB 21,144,000, down 23.5% from RMB 27,624,000 in the previous year[33] - Selling and administrative expenses increased by approximately RMB 3.4 million or 12.3% to approximately RMB 31.1 million, mainly due to administrative cost increases related to the expansion of the EC segment in China[79] - Salary expenses decreased by approximately RMB 2.7 million or 14.3% to approximately RMB 16.1 million, primarily due to reduced operational and administrative salary expenses in the NSC segment in China[80] Stock Options and Shareholder Information - As of December 31, 2024, a total of 53,100,000 stock options remain unexercised under the stock option plan[115] - The stock options granted to directors, employees, and external consultants include 8,000,000 options each for two directors, Mr. Yuan and Mr. Han, with an exercise price of HKD 0.5[115] - The total number of stock options granted to employees amounts to 35,500,000, after accounting for 200,000 options that have lapsed due to employee departures[116] - The stock option plan allows for a maximum of 80,000,000 shares to be issued, which is capped at 10% of the total issued shares as of January 16, 2018[118] - The company recognized share-based payment expenses of approximately RMB 3,331,000 related to the stock option plan during the period[132] Governance and Compliance - The company has complied with the corporate governance code since its listing on the GEM on January 16, 2018[136] - The audit committee, consisting of three independent non-executive directors, reviewed the interim results and confirmed compliance with applicable accounting standards[137] - The report will be published on the Hong Kong Stock Exchange website for at least seven days starting from the report date[138]

Financial Performance - Revenue for the six months ended December 31, 2024, was RMB 142,095,000, an increase of 23.1% compared to RMB 115,360,000 for the same period in 2023[4] - Gross profit decreased to RMB 39,091,000, down 15.3% from RMB 46,185,000 year-on-year[4] - The net loss for the period was RMB 10,293,000, compared to a net loss of RMB 6,991,000 in the previous year, representing a 47.5% increase in losses[4] - Basic and diluted loss per share was RMB 0.76, compared to RMB 0.53 for the same period in 2023[4] - The company reported a pre-tax loss of RMB 10,277,000 for the six months ended December 31, 2024, compared to a pre-tax loss of RMB 6,430,000 for the same period in 2023[10] - The company reported a net loss of RMB 10,293,000 for the six months ended December 31, 2024, compared to a loss of RMB 6,991,000 in the same period of 2023, indicating ongoing challenges[19] - The company recorded a net loss attributable to owners of approximately RMB 7.9 million for the period, compared to a net loss of RMB 5.0 million for the six months ended December 31, 2022, mainly due to reduced gross profit from the EC segment[83] Assets and Liabilities - Total assets decreased to RMB 146,158,000 from RMB 159,383,000, a decline of 8.2%[5] - The company reported a decrease in total equity to RMB 67,482,000 from RMB 77,932,000, a decline of 13.4%[5] - The total assets of the segments amounted to RMB 170,360,000 as of December 31, 2024, down from RMB 185,539,000 as of June 30, 2024[25] - The company's cash and bank balances increased to RMB 49,921,000 as of December 31, 2024, compared to RMB 44,053,000 as of June 30, 2024[54] - The total expected credit loss for trade receivables was RMB 992,000 as of June 30, 2024, which decreased to RMB 847,000 by December 31, 2024[50] - The debt-to-equity ratio as of December 31, 2024, is 102.5%, up from 100.4% on June 30, 2024[102] Cash Flow and Financing - Cash and cash equivalents increased to RMB 49,921,000 from RMB 44,053,000, reflecting a growth of 13.1%[5] - The cash flow from operating activities for the six months ended December 31, 2024, was RMB 14,663,000, compared to RMB 14,148,000 for the same period in 2023, indicating a slight increase[10] - The company reported a net cash outflow from financing activities of RMB 8,622,000, compared to RMB 13,124,000 in the previous year[10] - The company issued new shares through a placement, raising RMB 26,672,000 during the reporting period[10] E-commerce Operations - Revenue from e-commerce operations reached RMB 104,472,000, up from RMB 74,322,000, indicating a significant increase of about 40% year-over-year[19] - The company plans to continue focusing on expanding its e-commerce operations and enhancing its service offerings in network, audio, and communication systems to drive future growth[19] - The company plans to expand its e-commerce operations in Southeast Asia, specifically in Malaysia, where it has established an operational service team to assist local merchants in transitioning to online sales[67] - The e-commerce service market in Malaysia is projected to grow at a compound annual growth rate (CAGR) of 7.0% from 2023 to 2027, indicating significant potential for investment and growth in the region[69] Cost and Expenses - Total employee costs, including directors' remuneration, amounted to RMB 21,144,000, down 23.5% from RMB 27,624,000 in the previous year[33] - The cost of materials recognized as cost of sales/service increased significantly to RMB 95,341,000, up 51.0% from RMB 63,073,000 in the prior year[33] - Selling and administrative expenses increased by approximately RMB 3.4 million or 12.3% to about RMB 31.1 million, mainly due to administrative costs associated with the expansion of the EC segment in China[78] - Financial costs increased to RMB 2,345,000 for the six months ended December 31, 2024, compared to RMB 1,543,000 in the same period of 2023, reflecting higher borrowing costs[31] Shareholder and Corporate Governance - The company has adopted a share option plan on December 14, 2017, and a share incentive plan on February 18, 2021, to attract and retain suitable employees[113] - The board did not recommend the payment of an interim dividend for the period[84] - The company has confirmed that there were no significant events after the reporting period[114] - The board has ensured compliance with the GEM listing rules regarding sufficient public float during the reporting period[117] Market Dynamics and Future Plans - The company is monitoring the healthcare infrastructure market in Singapore, where national healthcare spending is expected to reach SGD 43 billion by 2030, presenting opportunities for growth in network and communication solutions[68] - The Chinese government's "14th Five-Year Plan" emphasizes digital transformation, with projected investments in the digital economy reaching RMB 15-20 trillion during this period, indicating significant growth opportunities for the company in the railway industry[72] - The company aims to maintain its competitive advantage in the Singapore public and private healthcare markets while expanding into high-growth markets like private healthcare in Malaysia[71]

Revenue Growth - The group's revenue increased from approximately RMB 209.8 million to approximately RMB 218.6 million, representing an increase of about RMB 8.8 million or 4.2%[8]. - The significant revenue growth was primarily driven by the e-commerce operations, which contributed an increase of approximately RMB 22.9 million compared to the previous fiscal year[8]. - Total revenue for the company reached approximately RMB 218.6 million for the year ending June 30, 2024, compared to RMB 209.8 million in the previous year, marking an increase of approximately 4.2%[45]. - The company's e-commerce operations generated revenue of approximately RMB 152.2 million for the year ending June 30, 2024, an increase from RMB 129.4 million in the previous year, reflecting a growth of about 17.6%[45]. E-commerce Operations - The company is focusing on optimizing its customer system, sales channels, and operational teams within the e-commerce business, particularly targeting the domestic small home appliance market[9]. - The sales channels are primarily concentrated on the JD.com platform, enhancing the group's channel operation advantages[9]. - The company emphasizes the importance of brand e-commerce operation services, which include market analysis, marketing promotion, and consumer management[27]. - The e-commerce service market is expected to grow as online sales channels become increasingly important, creating a dynamic ecosystem among brands, e-commerce platforms, and consumers[27]. - The e-commerce segment is expected to continue growing as market share increases, focusing on well-known domestic small appliance brands[94]. Financial Performance - The company reported a total comprehensive loss attributable to owners of approximately RMB 25.1 million for the year ending June 30, 2024, an increase from RMB 20.1 million in the previous year, indicating a rise in losses of about 24.9%[45]. - Revenue from the NSC segment for the year ended June 30, 2024, was approximately RMB 664 million, a decrease of 17.5% from RMB 805 million in the previous year, accounting for about 30.4% of total revenue[46]. - Revenue from the EC segment increased by approximately 17.7% to RMB 1,522 million for the year ended June 30, 2024, compared to RMB 1,294 million in the previous year, representing 69.6% of total revenue[48]. - Gross profit increased by approximately RMB 20.9 million or 38.6% to about RMB 750 million, with a gross margin rising from 25.8% to 34.3%[51]. - Selling and administrative expenses rose by approximately RMB 17.4 million or 39.8% to about RMB 609 million, mainly due to operational expansion in the EC segment[54]. Market Trends - The Chinese brand e-commerce service market reached a scale of RMB 407.71 billion in 2023, with a year-on-year growth of 11.3%, and is projected to reach RMB 586.23 billion by 2028[30]. - In 2023, the national online retail sales reached RMB 15.4 trillion, growing by 11% year-on-year, with physical goods online retail sales accounting for 27.6% of total social retail sales, up from 27.2% in 2022[35]. - The cross-border e-commerce import and export total reached RMB 2.38 trillion in 2023, a growth of 15.6% compared to 2022, with exports at RMB 1.83 trillion, increasing by 19.6%[39]. - The live e-commerce market in China reached RMB 4.9 trillion in 2023, with a year-on-year growth of 35.2%[41]. - The social e-commerce market size reached RMB 2.76 trillion in 2022, growing by 9.17% year-on-year[41]. Strategic Focus - The company aims to strategically focus on the healthcare sector, leveraging exclusive distribution rights and expertise to provide integrated and innovative solutions[10]. - The company adopted a "prudent" strategy to stabilize its existing customer base while exploring new business opportunities amid a challenging economic environment[8]. - The company plans to enhance its operational capabilities and efficiency through team integration and optimization of its operational structure[42]. - The company is optimistic about the growth of its e-commerce operations as the world gradually recovers from the pandemic, supported by a solid operational foundation[42]. Sustainability and ESG - ISP Global Limited is committed to sustainable and responsible business practices, integrating environmental, social, and governance (ESG) considerations into decision-making processes[96]. - The company aims to reduce its carbon footprint and maintain high standards of sustainable operations, actively seeking opportunities to minimize resource consumption across the value chain[96]. - The total greenhouse gas emissions for the fiscal year 2023/2024 amounted to 173.41 tons, a significant increase from 110.65 tons in the previous year, representing a 56.6% rise[108]. - The company aims to reduce greenhouse gas emissions density by 3% over the next five years, targeting a reduction per RMB 1 million in annual revenue[106]. - The company has implemented comprehensive environmental compliance policies to optimize resource utilization and minimize emissions[104]. Governance and Management - The board of directors consists of nine members, including both executive and independent non-executive directors, ensuring balanced governance[167]. - The company has established three board committees: the audit committee, the remuneration committee, and the nomination committee, to oversee specific matters[173]. - The independent non-executive directors confirmed their independence annually, in line with GEM listing rules[170]. - The company has adopted corporate governance practices in line with GEM listing rules, enhancing accountability and transparency[163]. - The board is responsible for establishing, maintaining, and reviewing the group's risk management and internal control systems[188]. Employee Management - The employee turnover rate for the company was approximately 38% as of June 30, 2024, with 52 employees leaving during the year[133]. - The percentage of trained employees in the 2023/2024 fiscal year was 10%, with 78% of male employees and 23% of female employees receiving training[138]. - The company has achieved BizSafe Level 3 certification, demonstrating its commitment to workplace health and safety[135]. - The company provides comprehensive training programs covering various areas, including onboarding, safety management, and on-the-job training[137]. - The company strictly prohibits the use of child labor and forced labor across all positions, ensuring compliance with various labor laws in Singapore, Hong Kong, Malaysia, and China[140].

Financial Performance - Revenue for the year ended June 30, 2024, was RMB 218,611,000, an increase of 4.3% from RMB 209,807,000 in 2023[2] - Gross profit for the same period was RMB 75,004,000, representing a gross margin of 34.3%, up from RMB 54,121,000 in 2023[2] - The net loss for the year was RMB 31,566,000, compared to a net loss of RMB 28,510,000 in the previous year, indicating a 7.2% increase in losses[2] - Total revenue for the fiscal year ending June 30, 2024, was RMB 218,611,000, with contributions from network, audio, and communication system services at RMB 43,181,000 and e-commerce operations at RMB 152,236,000[12] - The segment profit for network and communication system services was RMB 5,434,000, while the e-commerce segment reported a loss of RMB 23,357,000, leading to an overall segment loss of RMB 10,667,000[12] - The company reported a total of RMB 205,317,000 in revenue recognized at a point in time, with RMB 34,421,000 from network services and RMB 152,236,000 from e-commerce[12] - For the fiscal year ending June 30, 2024, the company reported a loss before tax of RMB 30,537,000, compared to a loss of RMB 27,609,000 in 2023, representing an increase in loss of approximately 6.9%[21] - The company recorded a total comprehensive loss attributable to owners of approximately RMB 25.1 million for the current year, compared to a loss of approximately RMB 20.1 million for the year ended June 30, 2023[86] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 97,521,000, down from RMB 103,497,000 in 2023, reflecting a decrease of 5.4%[3] - Cash and cash equivalents decreased to RMB 44,053,000 from RMB 46,097,000, a decline of 4.4% year-over-year[3] - The total liabilities for leases as of July 1, 2024, were RMB 7,670,000, which decreased to RMB 3,496,000 by June 30, 2024, showing a reduction of 54.4%[33] - The company’s total liabilities decreased from RMB 28,742,000 in 2023 to RMB 20,584,000 in 2024, indicating improved financial stability[47] - The total borrowings decreased from RMB 80,687,000 in 2023 to RMB 78,226,000 in 2024, with a notable reduction in unsecured loans from RMB 7,600,000 to RMB 4,400,000[50] - The asset-liability ratio improved to 100.4% in 2024 from 116.4% in 2023, reflecting a reduction in unsecured bank borrowings[101] Operational Focus and Strategy - The company is focused on expanding its operations in Singapore and China, particularly in the sales of network, audio, and communication systems[4] - The company aims to enhance its product offerings and improve operational efficiency through ongoing research and development initiatives[4] - The company has a strategic focus on expanding its e-commerce operations, which generated significant revenue but also incurred losses in the current fiscal year[12] - The company aims to strengthen its position in the e-commerce ecosystem by facilitating connections between brands, platforms, and consumers[59] - The company plans to leverage its operational expertise to enhance brand influence and optimize marketing strategies for clients in the growing e-commerce sector[58] Employee and Operational Costs - Total employee costs amounted to RMB 56,531,000, an increase of 12.4% from RMB 50,148,000 in 2023[23] - Marketing and promotional expenses rose significantly to RMB 28,600,000, compared to RMB 15,536,000 in 2023, reflecting an increase of approximately 83.8%[23] - Sales and administrative expenses increased by approximately RMB 17.4 million or 39.8%, from approximately RMB 43.5 million for the year ended June 30, 2023, to approximately RMB 60.9 million for the current year[82] Shareholder and Corporate Governance - The company completed a placement of 142,628,000 shares, representing approximately 13.63% of the enlarged issued share capital as of the report date[123] - The total amount raised from the placement was HKD 28,810,856, with a net amount of HKD 28,593,346 after deducting commissions and related expenses[123] - The company has committed to high standards of corporate governance to enhance confidence among shareholders and stakeholders[124] - The board will continue to review and improve corporate governance practices to increase transparency and accountability[124] Market Trends and Growth Projections - The Chinese brand e-commerce service market reached a size of RMB 407.71 billion in 2023, reflecting a year-on-year growth of 11.3%[60] - The overall e-commerce transaction volume in China was RMB 43.84 trillion in 2022, with a year-on-year growth rate of 3.5%[61] - The brand e-commerce service market is projected to grow to RMB 586.23 billion by 2028, driven by digital capabilities and comprehensive service systems[60] - The live e-commerce market in China reached a scale of 4.9 trillion yuan in 2023, growing by 35.2% year-on-year[69] Financial Reporting and Standards - The company has adopted new International Financial Reporting Standards, which did not significantly impact the financial performance for the current and prior periods[5] - The implementation of the revised IFRS 1 and IFRS 2 has not had a significant impact on the company's financial position or performance, but has affected the disclosure of accounting policies in the consolidated financial statements[7] - The company is currently evaluating the impact of IFRS 18, which introduces new requirements for financial performance reporting, effective from January 1, 2027[9]

Revenue Performance - Revenue for the three months ended December 31, 2023, was RMB 56,455 thousand, a slight decrease of 0.5% compared to RMB 56,713 thousand in the same period of 2022[4]. - Revenue for the six months ended December 31, 2023, increased by 19.4% to RMB 115,360 thousand from RMB 96,547 thousand in the same period of 2022[4]. - Total segment revenue for the six months ended December 31, 2023, included RMB 41,038,000 from network, audio, and communication systems services, compared to RMB 33,108,000 in the same period of 2022, indicating a growth of 23.9%[28]. - E-commerce revenue for the six months ended December 31, 2023, reached RMB 74,322,000, up 17.1% from RMB 63,440,000 in the previous year[32]. - Major customer I contributed RMB 37,628,000 to total revenue for the six months ended December 31, 2023, down from RMB 46,034,000 in 2022, representing a decline of 18.5%[30]. - Revenue from Singapore for the six months ended December 31, 2023, was RMB 21,148,000, an increase of 10.3% compared to RMB 19,174,000 in the same period of 2022[33]. - Revenue from China for the six months ended December 31, 2023, was RMB 93,530,000, up 21.4% from RMB 77,102,000 in the previous year[33]. Profitability and Loss - Gross profit for the three months ended December 31, 2023, was RMB 22,434 thousand, representing a gross margin of 39.7%, compared to RMB 19,106 thousand and a margin of 33.6% in the same period of 2022[4]. - The net loss for the six months ended December 31, 2023, was RMB 6,991 thousand, an improvement from a net loss of RMB 9,856 thousand in the same period of 2022[4]. - The company reported a total comprehensive loss of RMB 4,998,000 for the six months ended December 31, 2023, compared to a loss of RMB 10,906,000 for the same period in 2022, indicating a 54.3% improvement in losses year-over-year[10]. - The company reported a net loss attributable to shareholders of RMB 3,207,000 for the three months ended December 31, 2023, compared to a loss of RMB 5,101,000 for the same period in 2022, representing a 37.1% improvement[42]. - The basic and diluted loss per share for the six months ended December 31, 2023, was RMB 0.53, a decrease of 57.3% from RMB 1.24 in the same period of 2022[42]. Assets and Liabilities - Total assets as of December 31, 2023, were RMB 167,450 thousand, a decrease from RMB 177,316 thousand as of June 30, 2023[7]. - Total liabilities decreased to RMB 96,765,000 as of December 31, 2023, from RMB 131,687,000 as of June 30, 2023, reflecting a reduction of 26.5%[32]. - The company's equity increased to RMB 100,675 thousand as of December 31, 2023, compared to RMB 77,470 thousand as of June 30, 2023[8]. - The total assets of the group amounted to approximately RMB 197.4 million, with total liabilities and shareholders' equity of approximately RMB 96.8 million and RMB 100.7 million, respectively[125]. Cash Flow and Financing - The cash flow from operating activities generated RMB 14,148,000 for the six months ended December 31, 2023, compared to a cash outflow of RMB 4,039,000 in the previous year, reflecting a significant turnaround in operational cash flow[14]. - The company issued new shares through a placement, raising RMB 26,672,000 during the reporting period, which contributed positively to its equity position[15]. - The company completed a placement of 142,628,000 shares on October 31, 2023, raising a total of HKD 28.8 million (approximately RMB 26.7 million) after deducting related expenses[77]. - The company has secured bank loans totaling approximately RMB 22,263,000, with interest rates ranging from 2.05% to 12.6%[18]. - The company has postponed the establishment of a new sales office in Singapore due to rising property prices[109]. Operational Performance - The company plans to continue focusing on market expansion and new product development to drive future growth[6]. - The company is optimistic about the rapid growth of its e-commerce operations, supported by a solid operational foundation and the expectation of a return to normalcy post-pandemic[84]. - The company has established arrangements with two financial institutions in China for the transfer of trade receivables, with an outstanding amount of approximately RMB 2,315,000 as of December 31, 2023[18]. - The company has secured multiple network system integration and service projects in the railway sector, which has become a significant growth point for its business[91]. Expenses and Costs - Selling and administrative expenses increased by approximately RMB 9.8 million or 53.9% to approximately RMB 27.7 million, mainly due to increased administrative costs related to the expansion of the EC division in China[98]. - Salary expenses rose by approximately RMB 3.7 million or 24.3% to approximately RMB 18.8 million, driven by operational and administrative salary increases of approximately RMB 2.5 million for the EC division in China and RMB 1.2 million for hiring sales personnel in Singapore and Malaysia[99]. - Financial costs increased by approximately RMB 0.4 million or 36.8% to approximately RMB 1.5 million, primarily due to increased borrowings to fund the expansion of the EC and NSC divisions in China[100]. Share Capital and Stock Options - The company has issued a total of 1,046,628,000 shares with a par value of HKD 0.01 per share[125]. - The stock options granted to directors, employees, and external consultants include 11,310,000 options for employees that were not exercised due to departures[144]. - The total number of stock options granted to directors amounts to 18,400,000, while employees received 45,900,000 options[156]. - The total stock options exercised during the reporting period were zero, indicating no options were exercised[144]. Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviews the financial statements and ensures compliance with applicable accounting standards[182]. - The company has adopted the corporate governance code as per GEM listing rules to enhance transparency and accountability to shareholders[180].

Financial Performance - For the six months ended December 31, 2023, the company reported revenue of RMB 115,360,000, an increase of 19.4% compared to RMB 96,547,000 for the same period in 2022[5] - Gross profit for the six months was RMB 46,185,000, representing a significant increase of 59.5% from RMB 28,955,000 in the previous year[5] - The company incurred a loss before tax of RMB 6,430,000 for the six months, an improvement from a loss of RMB 8,959,000 in the same period last year, reflecting a reduction of 28.4%[5] - The total comprehensive loss for the six months was RMB 6,798,000, compared to RMB 3,297,000 in the previous year, indicating a worsening of 106.5%[5] - The company reported a basic and diluted loss per share of RMB 0.53 for the six months, an improvement from RMB 1.24 in the same period last year[5] - The company reported a total comprehensive loss of RMB 10,906,000 for the period, which is a decrease from the previous year's loss of RMB 14,335,000, indicating a reduction of approximately 23.5%[8] Assets and Liabilities - As of December 31, 2023, total assets amounted to RMB 167,450,000, a decrease from RMB 177,316,000 as of June 30, 2023[6] - The total assets of the group as of December 31, 2023, were RMB 197,440,000, a decrease from RMB 209,157,000 as of June 30, 2023[29] - The total liabilities of the group as of December 31, 2023, were RMB 96,765,000, down from RMB 131,687,000 as of June 30, 2023, reflecting a reduction of approximately 26.5%[29] - The company’s net asset value increased to RMB 100,675,000 from RMB 77,470,000, reflecting a growth of 29.9%[6] - The company’s total liabilities decreased, contributing to a stronger balance sheet position[10] Cash Flow and Financing - The operating cash flow generated during the period was RMB 14,148,000, compared to a negative cash flow of RMB 4,039,000 in the previous year, indicating a significant turnaround[10] - The company raised RMB 26,672,000 from share placements during the financing activities, which contributed positively to the cash flow[10] - The company’s cash and cash equivalents stood at RMB 47,283,000, slightly up from RMB 46,097,000 as of June 30, 2023[6] - As of December 31, 2023, the cash and cash equivalents increased to RMB 47,283,000 from RMB 44,346,000 at the end of 2022, reflecting a growth of approximately 4.4%[10] - The company has uncollateralized bank loans with annual interest rates ranging from 2.05% to 4.35%, due for repayment in June 2024 and June 2025[66] Revenue Segmentation - Revenue from e-commerce operations for the six months ended December 31, 2023, was RMB 74,322,000, up from RMB 63,440,000 in 2022, indicating a growth of about 17.5%[24] - The segment performance for network, audio, and communication systems showed a profit of RMB 12,627,000 for the six months ended December 31, 2023, compared to a loss of RMB 568,000 in the same period of 2022[22] - Revenue from sales of network, audio, and communication systems for the six months ended December 31, 2023, was RMB 56,455,000, slightly down from RMB 56,713,000 in 2022[24] Employee and Administrative Costs - Total employee costs, including directors' remuneration, amounted to RMB 13,598,000 for the three months ended December 31, 2023, compared to RMB 11,815,000 in 2022[37] - The total director remuneration for the period was approximately RMB 5.1 million, compared to RMB 4.4 million for the six months ended December 31, 2022[128] - Sales and administrative expenses increased by approximately RMB 9.8 million or 53.9% to about RMB 27.7 million, mainly due to administrative cost increases related to the expansion of the EC division in China[88] Share Options and Incentives - The company has granted a total of 56,300,000 share options under the share option plan, which remain unexercised as of December 31, 2023[140] - The exercise price for the share options is set at HKD 0.5, with an exercise period from December 31, 2021, to December 30, 2026[140] - The company has adopted a share award plan on February 18, 2021, to incentivize and retain suitable employees[129] - A total of 24,000,000 shares were granted under the share incentive plan, representing approximately 2.29% of the company's issued share capital as of December 31, 2023[172] Market and Growth Strategy - The company plans to continue its market expansion and product development strategies to enhance future performance[5] - The company aims to maintain its competitive advantage in the public and private healthcare markets in Singapore while expanding into high-growth markets like Malaysia[78] - The company plans to focus on expanding partnerships with well-known domestic and international brands to ensure high-speed growth in its operations[74] Compliance and Governance - The company has adhered to the corporate governance code since its listing on GEM on January 16, 2018[175] - The audit committee, consisting of three independent non-executive directors, reviews the financial statements and ensures compliance with applicable accounting standards[176] - All directors have confirmed compliance with the trading standards and code of conduct for securities transactions during the relevant period[132]

Financial Performance - Revenue for the first quarter ended September 30, 2023, was RMB 58,905,000, representing a 47.9% increase from RMB 39,834,000 in the same period of 2022[5] - Gross profit for the same period was RMB 23,751,000, up 141.5% from RMB 9,849,000 year-over-year[5] - The net loss for the first quarter was RMB 2,988,000, a decrease in loss compared to RMB 5,388,000 in the previous year, indicating an improvement of 44.4%[5] - Basic and diluted loss per share for the period was RMB 0.20, compared to RMB 0.66 in the same quarter of 2022[7] - Total comprehensive loss for the period was RMB 2,583,000, which is an improvement from RMB 3,982,000 in the prior year[7] - Total revenue for the three months ended September 30, 2023, was RMB 58,905 thousand, a significant increase from RMB 39,834 thousand for the same period in 2022, representing a growth of approximately 47.8%[24] - The company incurred a total loss of RMB 2,988 thousand for the period, a reduction from a loss of RMB 5,388 thousand in the prior year, indicating improved financial health[22] - The net loss for the three months ended September 30, 2023, was approximately RMB 30 million, a reduction from a net loss of approximately RMB 54 million for the same period in 2022[37] Revenue Breakdown - Revenue from the sale of network, audio, and communication systems was RMB 25,080 thousand, compared to RMB 12,652 thousand in the prior year, indicating a year-over-year increase of about 98.2%[22] - E-commerce operations generated revenue of RMB 33,825 thousand, up from RMB 27,182 thousand in the previous year, reflecting a growth of approximately 24.3%[22] - Revenue from external customers for the three months ended September 30, 2023, was RMB 58,905,000, an increase of 47.8% compared to RMB 39,834,000 for the same period in 2022[25] Expenses and Costs - Selling and administrative expenses rose to RMB 13,168,000, compared to RMB 7,499,000 in the previous year, marking a 75.5% increase[5] - The total employee costs, including directors' remuneration, amounted to RMB 14,026,000 for the three months ended September 30, 2023, up from RMB 10,914,000 in the same period of 2022[29] - Salary expenses increased by approximately RMB 2.6 million or 36.7% to about RMB 9.6 million due to the expansion of the EC division in China[58] - Financial costs rose by approximately RMB 216,000 or 47.2% to about RMB 674,000, primarily due to increased borrowings for the expansion of the CP and NSC divisions in China[60] Credit Loss and Provisions - Trade receivables expected credit loss provision increased to RMB 1,414,000 from RMB 435,000, reflecting a rise of 225.5%[5] - The company recognized a credit loss provision of RMB 1,414 thousand during the reporting period, which includes RMB 1,108 thousand from the network, audio, and communication systems segment[22] Operational Focus and Strategy - The company is focused on expanding its e-commerce operations in China, leveraging its expertise in brand marketing and consumer management[38] - The e-commerce operations business has formed a complete operational team and is currently managing multiple well-known brands, including Philips, ASUS, and TCL, among others[41] - The company continues to explore live e-commerce opportunities and strengthen partnerships with brands like Philips and ASUS for live streaming sales[43] - The company aims to enhance operational capabilities through talent acquisition and optimization of its operational structure[43] Share Capital and Options - As of September 30, 2023, the company has issued a total of 1,046,628,000 shares with a par value of HKD 0.01 per share[85] - The total number of share options granted to employees is 37,900,000, with 1,000,000 options having been forfeited during the period[94] - The exercise price for all share options is set at HKD 0.5, with the exercise period extending until December 30, 2026[92] - The share option plan aims to incentivize and retain qualified personnel, allowing the company to attract valuable human resources[97] Future Outlook - The company is optimistic about the rapid growth of its e-commerce operations, supported by a solid operational foundation and the expectation of a return to normalcy post-pandemic[43] - The Chinese government's digital economy investments are expected to reach RMB 15-20 trillion during the 14th Five-Year Plan, with 70% of spending coming from government and large state-owned enterprises[49] Capital Utilization and Financial Position - As of September 30, 2023, 67.3% of the net proceeds from the IPO have been utilized, with RMB 29.6 million used out of a total of RMB 44 million allocated[65] - The unutilized balance of the raised funds is expected to be fully utilized by June 30, 2024, and June 30, 2026[76] - The company has maintained sufficient public float as required by GEM listing rules during the reporting period[88] - The capital structure of the group remained unchanged during the three months ended September 30, 2023[85]

Financial Performance - For the fiscal year ending June 30, 2023, ISP Global Limited's revenue increased by approximately RMB 114.3 million, or 1.2 times, reaching about RMB 209.8 million compared to RMB 95.5 million for the previous fiscal year[12]. - The e-commerce operations contributed an increase of approximately RMB 118.0 million in revenue for the fiscal year, highlighting significant growth in this segment[12]. - The revenue from the Network, Sound, and Communication Systems (NSC) segment decreased by approximately 4.3% to RMB 80.5 million, accounting for about 38.3% of total revenue[62][64]. - The e-commerce operations (EC segment) generated revenue of RMB 129.4 million, a significant increase of approximately 10.4 times from RMB 11.4 million, representing 61.7% of total revenue[66][67]. - The company recorded revenue of approximately RMB 209.8 million for the year, an increase of about RMB 114.3 million compared to RMB 95.5 million in the previous year[61]. - Gross profit increased from approximately RMB 20.4 million to approximately RMB 54.1 million, a growth of 1.7 times, with a gross margin improvement from 21.4% to 25.8%[73]. - Total comprehensive loss attributable to owners decreased from approximately RMB 22.0 million to approximately RMB 20.1 million, mainly due to high ongoing operational costs from expanding the EC division into new markets[81]. - Borrowings increased from approximately RMB 28.7 million to approximately RMB 80.7 million, a rise of 1.8 times, primarily to fund operational costs for business expansion in China[88]. - Cash and cash equivalents as of June 30, 2023, totaled approximately RMB 46.1 million, up from RMB 41.7 million in 2022[85]. E-commerce Operations - ISP Global Limited has established 22 stores on major e-commerce platforms such as Tmall, JD.com, and Pinduoduo, enhancing its operational footprint in the e-commerce sector[13]. - The company aims to leverage its operational expertise to enhance brand visibility and sales through e-commerce platforms[40]. - The company plans to focus on expanding its e-commerce operations by collaborating with established brands and enhancing partnerships with platforms like JD.com and social e-commerce[52]. - The company aims to explore live-streaming e-commerce further, providing comprehensive operational services for brands[52]. - The company is optimistic about the growth of its e-commerce operations, supported by a solid operational foundation and the recovery from the pandemic[53]. - The e-commerce segment has established partnerships with 14 brands and opened 27 stores on major platforms such as Tmall, JD.com, and Pinduoduo[128]. Strategic Initiatives - Management emphasizes a focus on "shareholder value" through team building, business expansion, and cost efficiency initiatives[16]. - The company is committed to creating value for shareholders, suppliers, customers, and employees through strategic initiatives[16]. - The company aims to strengthen internal workflows and enhance customer service through compliance with relevant regulations and internal policies[26]. - The company is focused on developing new business opportunities and managing project planning and implementation processes[21]. - The company plans to fully utilize the remaining unspent proceeds by June 30, 2026, with specific allocations for marketing, sales training, and operational expenses[110]. Market Trends - The Chinese brand e-commerce service market reached a size of RMB 366.32 billion in 2022, representing a year-on-year growth of 24.1%[41]. - The total e-commerce transaction volume in China was RMB 43.84 trillion in 2022, with a year-on-year increase of 3.5%[41]. - The brand e-commerce service market is projected to grow to RMB 482.16 billion by 2025[41]. - The live-streaming e-commerce market in China grew to RMB 3.5 trillion in 2022, reflecting a 48.12% year-on-year increase[51]. - Social e-commerce reached a market size of RMB 2.76 trillion in 2022, with a year-on-year growth of 9.17%[51]. Governance and Management - The chairman, Mr. Cao Chunmeng, has over 20 years of management experience in the financial information technology industry[19]. - The CEO, Ms. Zhuang Xiulan, oversees the sales and contract departments, as well as the administrative and accounting departments[20]. - The company has a strong focus on strategic planning and daily operations management, led by Mr. Meng Jingyao, who has approximately 19 years of experience in the audio and communications industry[21]. - The independent non-executive director, Mr. Zheng Xiaorong, has over 18 years of experience in financial services and banking, with a focus on foreign exchange market and risk management[26]. - The board includes members with extensive backgrounds in finance, economics, and management, enhancing the company's governance and strategic direction[27]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to improving its environmental, social, and governance (ESG) performance and has established a framework for monitoring and reporting on these key performance indicators[117]. - The board emphasizes the importance of sustainable and responsible business practices, integrating environmental, social, and governance (ESG) factors into decision-making[131]. - The ESG working group, consisting of the CEO and CFO, is responsible for overseeing and assessing the company's ESG processes and risk evaluations[135]. - The company conducts annual materiality assessments to ensure alignment with business operations and stakeholder concerns[136]. - The company aims to reduce greenhouse gas emissions intensity by 3% over the next five years, targeting a reduction of emissions per RMB 11 million in annual revenue[150]. Employee Management - The company has implemented employee stock option and share incentive plans to attract and retain qualified employees[101]. - The total number of employees increased to 161 as of June 30, 2023, compared to 151 in the previous year[101]. - The employee turnover rate for the company was approximately 45% as of June 30, 2023, with a total of 73 employees leaving during the year[188]. - The company provides comprehensive onboarding training to help new employees integrate into the corporate culture and understand internal policies[196]. - The company emphasizes continuous learning and encourages employees to participate in external training programs relevant to their job functions[196]. Supply Chain Management - The company has implemented a rigorous supplier selection and management system to mitigate procurement risks and promote responsible sourcing[200]. - Supplier performance is evaluated based on service quality, timely delivery, responsiveness, and compliance with applicable rules and regulations[200]. - Non-compliant suppliers will be removed from the approved supplier list to maintain consistent quality standards[200]. - The company continues to monitor the performance of suppliers and subcontractors to ensure supply chain sustainability[200].

Financial Performance - Revenue for the third quarter ended March 31, 2023, was SGD 10,755,137, representing a 124.5% increase compared to SGD 4,789,080 in the same period of 2022[5] - Gross profit for the nine months ended March 31, 2023, was SGD 8,428,175, up 79.5% from SGD 4,691,191 in the previous year[5] - The company reported a net loss of SGD 3,382,405 for the nine months ended March 31, 2023, compared to a net loss of SGD 1,939,608 in the same period of 2022, indicating an increase in losses of 74.5%[5] - Total comprehensive loss for the nine months ended March 31, 2023, was SGD 3,279,007, compared to SGD 1,701,985 in the same period of 2022, reflecting a 92.5% increase in comprehensive losses[6] - The company reported a net loss of SGD 1,416,981 for the three months ended March 31, 2023, compared to a loss of SGD 943,880 in the same period of 2022[22] - The group recorded a net loss attributable to owners of approximately SGD 3.4 million for the period, compared to a net loss of SGD 1.7 million for the nine months ended March 31, 2022[59] Revenue Segments - The revenue is derived from two main segments: Network, Audio, and Communication Systems (NSC) and E-commerce (EC)[18] - E-commerce revenue for the nine months ended March 31, 2023, reached SGD 18,497,431, compared to SGD 3,483,234 for the same period in 2022, marking a significant increase of 431.5%[24] - Revenue from external customers in China for the nine months ended March 31, 2023, was SGD 24,201,562, up from SGD 9,998,244 in the same period of 2022, indicating a growth of 142.5%[27] - The total segment revenue for the nine months ended March 31, 2023, was SGD 30,007,774, compared to SGD 16,800,025 in the same period of 2022, representing an increase of 78.5%[20] Expenses and Costs - Administrative expenses for the nine months ended March 31, 2023, were SGD 5,332,203, which is a 128.3% increase from SGD 2,335,824 in the previous year[5] - The company incurred finance costs of SGD 315,855 for the nine months ended March 31, 2023, which is a 147.8% increase from SGD 127,344 in the previous year[5] - The company recorded a significant increase in material costs, totaling SGD 19.8 million for the nine months ended March 31, 2023, compared to SGD 10.6 million in the previous year[31] - Total employee costs, including directors' remuneration, amounted to SGD 7.0 million for the nine months ended March 31, 2023, compared to SGD 5.0 million for the same period in 2022[31] - Salary expenses increased by approximately SGD 1.0 million or 24.6% to about SGD 4.8 million, driven by operational expansion in the NSC and EC divisions in China[57] Shareholder Information - The basic and diluted loss per share for the nine months ended March 31, 2023, was SGD 0.38, compared to SGD 0.19 in the same period of 2022[6] - The company issued new shares amounting to SGD 9,219,960 during the reporting period[10] - The company did not declare or pay any dividends for the nine months ended March 31, 2023, consistent with the previous year[38] - The company granted a total of 24,000,000 incentive shares to 16 selected participants under the share incentive plan on April 18, 2023, pending acceptance by the participants[87] Operational Developments - The company operates primarily in Singapore and China, focusing on network, audio, and communication systems sales and e-commerce operations[12] - The company’s e-commerce operations have entered a stable growth phase and have become a significant business segment since its expansion in late 2020[41] - The e-commerce division has been providing services for well-known domestic and international brands, including Philips, ASUS, and Moutai, among others[41] - The company is exploring and evaluating potential large-scale audio and communication service projects in Singapore, which may require performance guarantees[66] Financial Position - As of March 31, 2023, the company’s total equity attributable to owners was SGD 17,072,303, down from SGD 19,892,799 at the beginning of the period[8] - The current ratio as of March 31, 2023, was approximately 1.4, down from 2.2 as of June 30, 2022, primarily due to increased trade and other payables and borrowings related to the expansion of e-commerce operations in China[76] - The debt-to-equity ratio as of March 31, 2023, was 51.0%, compared to 30.2% as of June 30, 2022[76] - As of March 31, 2023, the total assets of the group amounted to approximately SGD 48.4 million, with total liabilities and shareholders' equity at approximately SGD 31.4 million and SGD 17.0 million, respectively[76] Corporate Governance - The company has adopted the corporate governance code as per GEM listing rules since its listing on January 16, 2018, and has generally complied with it during the relevant period[125] - The audit committee, established on December 14, 2017, consists of three independent non-executive directors and is responsible for reviewing financial statements and internal controls[127] - The board of directors has adhered to the trading standards and code of conduct regarding securities transactions during the reporting period[89]

Financial Performance - Revenue for the six months ended December 31, 2022, was SGD 19,252,637, representing a 60.3% increase from SGD 12,010,945 in the same period of 2021[4] - Gross profit for the six months ended December 31, 2022, was SGD 5,773,969, up 78.5% from SGD 3,236,174 in the previous year[4] - The net loss for the six months ended December 31, 2022, was SGD 1,965,424, compared to a net loss of SGD 995,729 in the same period of 2021, indicating a 97.5% increase in losses[5] - The company reported a basic and diluted loss per share of SGD 0.25 for the six months ended December 31, 2022, compared to SGD 0.09 in the same period of 2021[5] - For the six months ended December 31, 2022, the company reported a total comprehensive loss of SGD 2,139,109, compared to a loss of SGD 669,282 for the same period in 2021, indicating a significant increase in losses[10][12] - The company experienced a pre-tax loss of SGD 1,786,642 for the six months ended December 31, 2022, which is a 110% increase from the pre-tax loss of SGD 846,704 in the previous year[14][15] - The company reported a net loss of SGD 1.97 million for the six months ended December 31, 2022, compared to a loss of SGD 995,729 for the same period in 2021, indicating a deterioration in financial performance[27] - The company recorded a net loss of approximately SGD 2.0 million for the six months ended December 31, 2022, compared to a net loss of approximately SGD 1.0 million for the same period in 2021, primarily due to increased administrative costs and salary expenses from business expansion in China[68] Assets and Liabilities - Total assets as of December 31, 2022, were SGD 40,067,524, an increase from SGD 28,707,577 as of June 30, 2022[7] - The company’s total equity attributable to owners as of December 31, 2022, was SGD 18,082,556, down from SGD 23,008,450 at the end of 2021, representing a decline of approximately 21%[12][15] - The total liabilities rose to SGD 28,018,092 as of December 31, 2022, compared to SGD 15,554,291 as of June 30, 2022, indicating an increase of 80.5%[31] - Current liabilities increased to SGD 26,210,671 as of December 31, 2022, from SGD 13,312,155 as of June 30, 2022[7] - The company’s total expected credit loss ratio for overdue trade receivables was 100% for amounts overdue over 365 days as of December 31, 2022[50] Revenue Segments - Revenue from the Network, Audio, and Communication Systems segment for the three months ended December 31, 2022, was SGD 4.02 million, while the e-commerce operations segment generated SGD 7.11 million, contributing to a total of SGD 11.13 million for the quarter[25] - The revenue recognition for the e-commerce operations segment for the six months ended December 31, 2022, was SGD 12.65 million, compared to SGD 3.45 million for the same period in 2021, reflecting a growth of approximately 267%[27] - Revenue from China for the six months ended December 31, 2022, was SGD 15,375,037, a 93.5% increase from SGD 7,932,051 in the same period of 2021[32] - E-commerce revenue for the six months ended December 31, 2022, reached SGD 12,650,604, compared to SGD 3,454,591 in the previous year, marking a significant growth of 266.5%[29] Expenses - The company incurred administrative expenses of SGD 3,583,736 for the six months ended December 31, 2022, compared to SGD 1,596,113 in the previous year, reflecting a 124.5% increase[4] - Interest expenses for the six months ended December 31, 2022, totaled SGD 224,986, significantly higher than SGD 80,447 in the same period of 2021[36] - Salary expenses rose by approximately SGD 0.8 million or 35.5% to about SGD 3.0 million, attributed to increased total salaries related to the expansion of operations in China[84] Operational Focus and Strategy - The company is focused on expanding its operations in Singapore and China, particularly in the sales of network, audio, and communication systems[17] - The company is focused on expanding its e-commerce operations, which have shown significant revenue growth, indicating a strategic shift towards digital marketing and online services[25] - The company aims to strengthen its partnerships with established domestic and international brands to ensure rapid growth in its e-commerce operations[69] - The operational focus includes enhancing collaboration with platforms like JD.com and exploring live-streaming e-commerce opportunities, with partnerships already initiated with brands like Philips and ASUS[71] Share Options and Corporate Governance - The company issued share options worth SGD 328,866 during the period, contributing to the overall equity changes[10] - The share option scheme aims to encourage and reward contributions from eligible participants and attract and retain talented employees[125] - The company is committed to high standards of corporate governance to enhance confidence among shareholders, investors, employees, creditors, and business partners[149] - The audit committee was established on December 14, 2017, and is responsible for reviewing financial statements and ensuring compliance with applicable accounting standards[151] Cash Flow and Financing - Cash and cash equivalents at the end of the period were SGD 8,616,439, down from SGD 11,931,540 at the end of the previous year, reflecting a decrease of approximately 28%[15] - The company’s financing activities generated a net cash inflow of SGD 989,067, a decrease from SGD 4,581,410 in the previous year, indicating a reduction in financing activities[15] - As of December 31, 2022, the company had total borrowings of SGD 8,229,935, an increase from SGD 5,964,755 as of June 30, 2022, with a significant portion due within one year[18] Employee and Operational Growth - The total number of employees as of December 31, 2022, was 149, an increase from 116 as of December 31, 2021[111] - The company has expanded its sales and marketing, technical, and support personnel, hiring approximately six engineers and 25 technicians by December 2022[92] Market Conditions and Challenges - The company has faced delays in utilizing funds and business expansion due to rising property prices in Singapore, requiring more time to identify suitable locations[94] - The company is optimistic about the growth of its e-commerce operations in the coming months as the world gradually recovers from the pandemic[71]