Financial Performance - The company's revenue for the three months ended September 30, 2021, was SGD 5,154,573, a significant increase from SGD 593,085 in the same period of 2020, representing a growth of 769%[4] - For the nine months ended September 30, 2021, the revenue reached SGD 13,461,082, compared to SGD 3,218,120 in the previous year, marking an increase of 318%[4] - The gross profit for the three months ended September 30, 2021, was SGD 358,076, recovering from a loss of SGD 345,334 in the same period of 2020[4] - The net profit for the three months ended September 30, 2021, was SGD 111,851, compared to a loss of SGD 1,537,927 in the same period of 2020[4] - The company reported a basic and diluted earnings per share of SGD 0.050 for the three months ended September 30, 2021, compared to a loss per share of SGD 1.202 in the same period of 2020[4] - Profit for the nine months ended September 30, 2021, was approximately SGD 603,000, a significant turnaround from a loss of SGD 2,902,000 in the same period of 2020[29] - Gross profit for the same period was approximately SGD 1,924,000, with a gross margin of about 14.3%, compared to SGD 61,000 and 1.9% in 2020[28] Revenue Breakdown - The revenue from the signage business for the three months ended September 30, 2021, was SGD 1,830,022, up from SGD 593,085 in the same period of 2020[12] - The revenue from renovation and refurbishment services for the three months ended September 30, 2021, was SGD 3,324,551, with no revenue reported in the same period of 2020[12] - Revenue from the signage and related products segment in the public and private sectors in Singapore increased to approximately SGD 5,996,000, up from SGD 3,218,000 in 2020, driven by increased construction demand during the COVID-19 pandemic[30] Government Grants and Subsidies - The company received government grants totaling SGD 238,801 for the nine months ended September 30, 2021, down from SGD 311,516 in the same period of 2020[15] - The company received government subsidies related to COVID-19 amounting to approximately SGD 239,000 during the reporting period[28] Expenses and Costs - The company’s financing costs decreased to SGD 7,163 for the three months ended September 30, 2021, from SGD 10,943 in the same period of 2020[4] - The company’s sales and administrative expenses decreased by approximately SGD 1,420,000 or 43.0% to SGD 1,881,000, primarily due to reduced employee costs and advertising expenses[29] - Total employee costs for the nine months ended September 30, 2021, were approximately SGD 2,079,000, down from SGD 2,567,000 in 2020[32] Corporate Governance - The board is committed to adhering to the corporate governance code as per GEM Listing Rules Appendix 15, implementing measures to enhance internal control systems and professional development[42] - The board confirmed compliance with the corporate governance code for the nine months ending September 30, 2021[43] - A securities trading code for directors has been adopted, ensuring compliance with the trading standards outlined in GEM Listing Rules[44] - The audit committee, established on June 23, 2015, consists of three independent non-executive directors and is responsible for providing independent opinions on financial reporting and internal control effectiveness[45] - The audit committee reviewed the unaudited condensed consolidated results for the nine months ending September 30, 2021, confirming compliance with applicable accounting standards and sufficient disclosure[45] Business Strategy and Future Outlook - The company aims to diversify its business portfolio and expand revenue sources by focusing on renovation and refurbishment services in response to ongoing challenges in the construction industry[31] - The company continues to review its business strategies and seek other business opportunities to adapt to the current market environment[31] Share Options and Securities - The company adopted a share option plan on September 21, 2018, granting a total of 12,800,000 share options at an exercise price of HKD 0.45, valid from April 9, 2020, to April 8, 2022[40] - As of September 30, 2021, none of the share options had been granted, exercised, lapsed, or cancelled, with all 12,800,000 options remaining unexercised[40] - The company did not purchase, sell, or redeem any of its listed securities during the review period[41] Other Financial Information - The total comprehensive income for the three months ended September 30, 2021, was SGD 100,698, compared to a loss of SGD 1,508,929 in the same period of 2020[4] - The income tax expense for the three months ended September 30, 2021, was SGD (15,700), a significant improvement from SGD (225,400) in the same period of 2020[18] - Basic and diluted earnings per share for the nine months ended September 30, 2021, were SGD 0.345, compared to a loss of SGD (2.267) in the same period of 2020[20] - The company did not declare an interim dividend for the nine months ended September 30, 2021, consistent with the previous year[22] - The company’s total other income and losses for the nine months ended September 30, 2021, amounted to SGD 214,179, compared to a loss of SGD (399,047) in the same period of 2020[16] - The company’s weighted average number of ordinary shares increased to 174,769,231 for the nine months ended September 30, 2021, from 128,000,000 in the same period of 2020 due to a share placement[20] - The company’s foreign exchange gains for the nine months ended September 30, 2021, were SGD 260,994, compared to SGD 266,788 in the same period of 2020, indicating stability in foreign exchange operations[16] - The company’s total liabilities decreased, with contingent liabilities related to performance guarantees provided for customers amounting to SGD 0 as of September 30, 2021, down from SGD 21,200 as of December 31, 2020[26]
吉辉控股(08027) - 2021 Q3 - 季度财报