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]

Financial Performance - Revenue for the first quarter ended September 30, 2022, was SGD 8,126,843, representing a 70.5% increase from SGD 4,779,288 in the same period of 2021[7]. - Gross profit for the same period was SGD 2,009,450, up from SGD 1,351,871, indicating a gross margin improvement[7]. - The company reported a net loss of SGD 1,099,058 for the first quarter, compared to a loss of SGD 576,677 in the prior year, reflecting a 90.5% increase in losses[7]. - The total comprehensive loss for the period was SGD 1,401,943, compared to SGD 550,513 in the same quarter of the previous year, indicating a 154.5% increase in comprehensive losses[10]. - Basic and diluted loss per share was SGD 0.13, compared to SGD 0.06 in the prior year, reflecting a worsening in per-share performance[16]. - The company reported a total loss of SGD 1,099,058 for the three months ended September 30, 2022, compared to a loss of SGD 576,677 in the same period of 2021, reflecting increased operational costs[39]. - The company recorded a net loss attributable to owners of approximately SGD 1.2 million for the period, compared to a net loss of approximately SGD 0.5 million for the three months ended September 30, 2021, primarily due to increased administrative and wage expenses from business expansion in China[111]. Revenue Breakdown - Revenue from network, audio, and communication system services was SGD 2,581,290, while e-commerce operations generated SGD 5,545,553, indicating strong performance in both segments[39]. - Total revenue for the company was SGD 8,126,843, compared to SGD 4,779,288 in the same period last year, reflecting a year-over-year increase of approximately 70.5%[49]. - Revenue from external customers in China reached SGD 6,653,008, significantly up from SGD 2,932,820 in the previous year, indicating strong growth in this market[49]. Expenses and Costs - Administrative expenses rose to SGD 1,529,997, up from SGD 700,933, marking a 118.5% increase year-over-year[7]. - The total sales/service cost for the quarter was SGD 6,117,393, which is a 78.5% increase from SGD 3,427,417 in the same period last year[7]. - The company’s employee costs totaled SGD 2,065,602, up from SGD 1,378,740 in the previous year, highlighting increased investment in human resources[58]. - The cost of sales for materials was SGD 5,184,653, compared to SGD 2,937,362 in the previous year, indicating a significant rise in production costs[60]. - Financial costs rose by approximately SGD 60,700 or 1.9 times to about SGD 93,300, mainly due to increased borrowings to fund the expansion of the CP and NSC divisions in China[107]. Other Income and Financial Metrics - Other income increased to SGD 121,226 from SGD 37,608, showing a growth of 222.5%[7]. - The company experienced a foreign exchange loss of SGD 302,885, contrasting with a gain of SGD 26,164 in the previous year, indicating a significant negative impact from currency fluctuations[10]. - The company experienced a foreign exchange gain of SGD 97,952, contrasting with a loss of SGD 104,485 in the previous year, showcasing improved currency management[52]. - The company’s total other income and expenses amounted to SGD 121,226, with financial costs of SGD 512,594 and tax expenses of SGD 21,142 for the reporting period[39]. Strategic Focus and Operations - The company operates primarily in Singapore and China, focusing on sales and integrated services for network, audio, and communication systems, as well as e-commerce operations[34]. - The company’s operational segments are strategically managed, with distinct risks and returns associated with each segment, including network services and e-commerce[37]. - The company plans to strengthen its team by recruiting skilled IT engineers and enhancing training investments to improve technical service capabilities[90]. - The company aims to expand its service system by broadening its product and service range based on key clients, including system integration and mainstream domestic security products[90]. - The company is focused on deepening its presence in the financial and railway sectors while actively seeking new clients in these industries[90]. - The company is exploring opportunities in e-commerce channels, particularly through partnerships with platforms like JD.com and Tmall, and is investing in private traffic operations to create new business growth points[83]. Capital and Funding - As of September 30, 2022, the company utilized 63.0% of the net proceeds from its IPO, amounting to HKD 27.7 million out of the planned HKD 44.0 million[117]. - The company has fully utilized the budget for expanding and training sales and marketing, technical, and support personnel, with an expenditure of HKD 11.6 million[117]. - The company plans to establish a new sales office in Singapore, with a budget of HKD 10.0 million, and has not yet utilized any of these funds[117]. - The company has incurred HKD 2.5 million in expenses related to repaying part of its bank loans, with 60.0% of the budget utilized[117]. - The company raised approximately HKD 44.0 million from its listing on the GEM of the Hong Kong Stock Exchange after deducting related expenses[171]. Corporate Governance and Compliance - The company did not declare or pay any dividends during the reporting period, consistent with the previous year[72]. - The company did not recommend the payment of dividends during the period, consistent with the previous quarter[112]. - On October 28, 2022, the company adopted a revised and restated memorandum and articles of association to comply with the latest legal and regulatory requirements[175]. - The board confirmed that there have been no significant changes to the nature of the company's business during the relevant period, and the company continues to receive invitations to bid and projects from clients[171]. - The company has maintained sufficient public float as required by the GEM listing rules during the relevant period[198]. - The company has adopted the trading standards as the code of conduct for directors regarding securities transactions[196]. - There have been no significant changes in the information of directors that need to be disclosed according to GEM listing rules[197].

Financial Performance - For the fiscal year ending June 30, 2022, ISP Global Limited achieved sales revenue of SGD 20.2 million, representing a significant increase compared to the previous fiscal year[26]. - The company's revenue for the fiscal year was approximately SGD 20.2 million, an increase of about SGD 10.1 million compared to SGD 10.1 million for the previous fiscal year, reflecting a growth driven by business diversification[82]. - Revenue from the Network, Sound, and Communication Systems segment was approximately SGD 17.9 million, accounting for about 88.9% of total revenue, a significant increase from SGD 7.0 million (68.7% of total revenue) in the previous year[84]. - E-commerce operations generated revenue of SGD 2.2 million, a decline of 29.7% from SGD 3.2 million in the previous year, primarily due to decreased consumer spending in mainland China caused by COVID-19[87][88]. - The company recorded a total comprehensive loss attributable to owners of approximately 4.7 million Singapore dollars for the year, compared to a loss of about 0.4 million Singapore dollars in the previous year, mainly due to high initial and ongoing operational costs in new markets[101]. E-commerce Operations - The company expanded its e-commerce operations in China, establishing partnerships with 14 brands and opening 27 stores on major platforms such as Tmall, JD.com, and Pinduoduo[31]. - The e-commerce sector is projected to exceed RMB 2 trillion by 2025, indicating substantial growth potential for ISP Global Limited's operations in this area[31]. - ISP Global Limited plans to focus on brand expansion, e-commerce platform development, and team building as key strategies for its e-commerce division[31]. - The brand e-commerce operation service market is crucial for enhancing brand influence and optimizing marketing strategies through precise consumer analysis[56]. - E-commerce operation service providers act as a bridge between brands, e-commerce platforms, and consumers, creating a dynamic ecosystem that adds value to all parties involved[56]. Market Trends and Growth Potential - The Chinese government is expected to invest between 15-20 trillion yuan in digital economy-related initiatives over the next five years, providing a favorable environment for the company's network and communication system services[34]. - The live e-commerce market in China reached RMB 1.2 trillion in 2020, with a staggering year-on-year growth rate of 197.0%, and is expected to exceed RMB 4.9 trillion by 2023[71]. - The Chinese brand e-commerce service market size exceeded RMB 200 billion in 2019, with a year-on-year growth rate of 37.1%, reaching RMB 300 billion in 2021 and projected to reach RMB 366.32 billion in 2022[60]. Operational Strategies - The company aims to maintain direct relationships with healthcare and education sectors in Singapore, leveraging its expertise in public sector project bidding[32]. - The company aims to expand its influence in the railway and banking sectors by enhancing service capabilities and negotiating better prices with upstream network equipment suppliers, targeting significant growth in the coming years[34]. - The company plans to focus on strengthening partnerships with JD.com while also collaborating with Tmall, Taobao, and Pinduoduo, and has introduced strategic partners with rich private traffic[73]. - The company aims to optimize its operational structure to enhance team efficiency and capabilities through personnel recruitment and internal training[73]. Environmental and Social Responsibility - The company aims to reduce greenhouse gas emissions intensity by 5% per million SGD in sales revenue over the next three years compared to the current year's levels[158]. - The company has set a target to reduce electricity and paper consumption per employee by 25% by 2025[168]. - The company encourages employees to use communication tools to reduce indirect greenhouse gas emissions from business travel, which amounted to 6.48 tons of CO2 in 2021/22[161]. - The company has complied with all relevant environmental laws and regulations in Singapore and China during the fiscal year[168]. Workforce and Talent Development - The company employed a total of 151 employees as of June 30, 2022, which includes 148 full-time employees (up from 102 in 2021) and 3 part-time employees (up from 2 in 2021)[198]. - The company emphasizes equal opportunities in recruitment, selection, compensation, training, evaluation, and career development, free from discrimination based on gender, age, race, nationality, marital status, and religion[196]. - The company conducts annual performance evaluations to assess employee performance and provide recognition and rewards based on individual contributions[196]. - The company is focused on talent development as part of employee career progression[197].

Financial Performance - For the three months ended March 31, 2022, the company reported revenue of SGD 4,789,080, an increase of 32.4% compared to SGD 3,614,768 for the same period in 2021[6]. - The gross profit for the nine months ended March 31, 2022, was SGD 4,691,191, representing an increase of 77.3% from SGD 2,646,942 in the same period of 2021[6]. - The company incurred a loss before tax of SGD 1,642,225 for the nine months ended March 31, 2022, compared to a profit of SGD 99,032 in the same period of 2021[6]. - Total comprehensive loss for the three months ended March 31, 2022, was SGD 866,689, compared to a profit of SGD 33,008 in the same period of 2021[8]. - The company reported a basic and diluted loss per share of SGD 0.10 for the three months ended March 31, 2022, compared to a loss of SGD 0.04 in the same period of 2021[20]. - The company reported a net loss of SGD 31,030 for the nine months ended March 31, 2022, compared to a profit of SGD 126,934 in the same period of 2021[71]. - The company recorded a net loss attributable to shareholders of approximately SGD 1.7 million, compared to a net loss of about SGD 0.3 million in the same period of 2021[135]. Revenue Breakdown - ISP Global Limited's revenue for the three months ended March 31, 2022, was SGD 3,065,000, representing a significant increase compared to the previous period[52]. - The company reported a total revenue of SGD 4,760,437 for the nine months ended March 31, 2022, indicating a growth trend in its operations[52]. - Revenue from the audio and communication systems sales and related services was SGD 2,662,962 for the three months ended March 31, 2022, compared to SGD 1,995,425 in the same period of 2021, reflecting a growth of 33.5%[58]. - Revenue from network and communication integrated services was SGD 2,097,475 for the three months ended March 31, 2022, compared to no revenue in the same period of 2021[58]. - Revenue from external customers in Singapore was SGD 2,722,887 for the three months ended March 31, 2022, compared to SGD 2,214,311 in the same period of 2021, representing an increase of 23%[65]. - Revenue from external customers in China was SGD 2,066,194 for the three months ended March 31, 2022, compared to SGD 1,400,457 in the same period of 2021, reflecting a growth of 47.5%[65]. Expenses and Costs - The administrative expenses for the nine months ended March 31, 2022, were SGD 2,335,824, an increase of 80.5% from SGD 1,294,705 in the same period of 2021[6]. - Total employee costs for the nine months ended March 31, 2022, amounted to SGD 4,987,081, an increase from SGD 2,266,816 in the same period of 2021[80]. - Salary expenses increased by approximately SGD 2.5 million or 1.95 times to about SGD 3.8 million, with the number of administrative and operational staff in China rising from 15 to 80[128]. - The company incurred interest expenses of SGD 15,013 for bank loans in the nine months ended March 31, 2022, down from SGD 17,692 in the same period of 2021[74]. - Administrative and wage expenses in the network and communication systems division in China increased by approximately SGD 3.4 million or 292% to about SGD 4.6 million during the period[105]. Strategic Focus and Operations - The company is focused on expanding its e-commerce services in China, targeting both individual and corporate customers through various platforms[41]. - The company plans to expand its e-commerce business in China, focusing on health, value, quality, and sustainability as core principles for partner expansion[111]. - The company aims to enhance user engagement and repurchase rates through a "WeChat ecosystem + e-commerce SaaS tools" model[114]. - The company is strengthening its network system integration and core IT service offerings in China, targeting major state-owned enterprises as key clients[115]. - The company plans to expand its regional sales teams in East China, South China, and Southwest China to better serve new regional customers[121]. - Future focus will be on deepening integration in key industries such as railways and aviation, enhancing the core IT service system[121]. Other Financial Information - The company did not recommend or pay any dividends for the nine months ended March 31, 2022, consistent with the previous year[101]. - The company has not adopted any new or revised International Financial Reporting Standards that would have a significant impact on its financial statements during the initial adoption period[37]. - The company has a registered office in the Cayman Islands and operates primarily in Singapore and Hong Kong, indicating its international presence[1]. - The financial statements are presented in Singapore dollars, which is the company's functional currency, ensuring consistency in reporting[34]. - The company has been listed on the Hong Kong Stock Exchange since January 16, 2018, enhancing its visibility and access to capital markets[1]. Project and Asset Management - The company is currently reviewing and monitoring its project portfolio, with the purchase of a truck for delivery postponed due to varying project requirements[186][188]. - The acquisition of a new property in Singapore is delayed due to rising property prices, requiring more time to find a suitable location within the financial budget[195][196].