Financial Performance - For the three months ended September 30, 2023, the revenue was SGD 7,841,000, a decrease of 11.4% compared to SGD 8,847,000 for the same period in 2022[5] - The gross profit for the same period was SGD 2,339,000, representing a gross margin of 29.8%, compared to SGD 1,702,000 in 2022[5] - The net profit for the three months ended September 30, 2023, was SGD 583,000, compared to a loss of SGD 247,000 in the same period of 2022[5] - For the nine months ended September 30, 2023, the total revenue was SGD 23,188,000, down 8.9% from SGD 25,471,000 in 2022[5] - The net profit for the nine months ended September 30, 2023, was SGD 1,635,000, a significant improvement from a loss of SGD 652,000 in the same period of 2022[5] - The company reported a basic and diluted earnings per share of SGD 0.64 for the third quarter of 2023, compared to a loss per share of SGD 0.32 in the same quarter of 2022[5] Equity and Shareholder Information - The total equity attributable to the owners of the company as of September 30, 2023, was SGD 16,278,000, an increase from SGD 13,218,000 at the beginning of the year[6] - The company has invested approximately SGD 791,000 to acquire 5,795,000 ordinary shares under its share award plan[6] - As of September 30, 2023, the total number of shares issued was 99,652,000, with major shareholders holding significant stakes, including Mr. Chen with 11.8% and Mr. Ni with 13.15%[45] Revenue Sources and Business Focus - The company continues to focus on its core business in food and healthcare product supply, with plans for market expansion[8] - The company continues to explore diverse opportunities to broaden its revenue sources and strengthen its market share despite challenges posed by COVID-19 and geopolitical risks[29] - The company remains optimistic about its core business and is taking necessary actions to minimize impacts from recent challenges, aiming for sustainable growth and improved profitability[29] - The company is committed to promoting its brand and providing quality products while seizing opportunities across various regions[29] Costs and Expenses - Total financing costs for the nine months ended September 30, 2023, amounted to 272 thousand Singapore dollars, slightly down from 278 thousand Singapore dollars for the same period in 2022[16] - Sales and distribution costs decreased by approximately SGD 0.4 million or about 17.4% to approximately SGD 1.9 million for the nine months ended September 30, 2023, primarily due to reduced advertising and promotional expenses[34] - Administrative and other operating expenses decreased by approximately SGD 1.2 million or about 27.3% to approximately SGD 3.2 million for the nine months ended September 30, 2023[35] - Financing costs decreased by approximately SGD 6,000 or about 2.2% to approximately SGD 272,000 for the nine months ended September 30, 2023[36] Income and Other Financial Metrics - The company recorded other income of 421 thousand Singapore dollars for the nine months ended September 30, 2023, an increase from 395 thousand Singapore dollars in the same period of 2022[15] - The company incurred income tax expenses of 426 thousand Singapore dollars for the nine months ended September 30, 2023, compared to 80 thousand Singapore dollars for the same period in 2022[18] - The company reported bank interest income of 30 thousand Singapore dollars for the nine months ended September 30, 2023, compared to no income in the same period of 2022[15] Share Incentive Plans - The stock option plan adopted on August 30, 2017, aims to attract and retain qualified individuals, with a total of 1,580,000 unexercised options remaining as of September 30, 2023[54] - The company adopted a share incentive plan on September 14, 2021, aimed at rewarding and retaining qualified participants contributing to the group's growth[56] - The maximum number of shares that can be awarded to any selected participant under the plan in any twelve-month period is capped at 1% of the total issued shares[58] - The potential number of shares to be issued under the plan was 7,375,000 shares, representing 11.7% of the weighted average of 85,942,989 shares issued during the period[59] Compliance and Governance - The company has complied with the corporate governance code as per GEM listing rules for the nine months ended September 30, 2023[62] - The audit committee reviewed the financial statements for the nine months ended September 30, 2023, ensuring compliance with applicable accounting standards and GEM listing rules[65] - The company has confirmed that all directors complied with the trading standards set forth in the GEM listing rules during the nine months ended September 30, 2023[63]
COOL LINK(08491) - 2023 Q3 - 季度财报