Revenue Performance - Revenue for the three months ended June 30, 2021, was SGD 5.454 million, an increase of 30.5% compared to SGD 4.182 million for the same period in 2020[27] - Total revenue for the six months ended June 30, 2021, was SGD 10.795 million, up 5.1% from SGD 10.269 million in the same period of 2020[27] - For the three months ended June 30, 2021, customer contract revenue was SGD 5,454,000, an increase of 30.5% compared to SGD 4,182,000 for the same period in 2020[45] - For the six months ended June 30, 2021, customer contract revenue was SGD 10,795,000, up 5.1% from SGD 10,269,000 in the prior year[45] - The company recorded revenue of approximately SGD 10.8 million for the six months ended June 30, 2021, an increase of about SGD 0.5 million or +4.9% compared to SGD 10.3 million for the same period in 2020[90] Profit and Loss - The company reported a loss of SGD 17,000 for the three months ended June 30, 2021, compared to a loss of SGD 445,000 in the same period of 2020[27] - The total comprehensive loss for the six months ended June 30, 2021, was SGD 290,000, a decrease from a loss of SGD 415,000 in the same period of 2020[27] - The company reported a net loss of SGD 415 million for the period, compared to a net loss of SGD 290 million in the previous period[34] - The profit for the six months ended June 30, 2021, was approximately SGD 0.3 million, compared to a loss of SGD 0.4 million in the same period of 2020[84] - The group reported a pre-tax loss of SGD 30,000 for the three months ended June 30, 2021, compared to a loss of SGD 448,000 for the same period in 2020[56] Expenses - The cost of materials for the three months ended June 30, 2021, was SGD 3.130 million, representing an increase of 28.5% from SGD 2.435 million in the same period of 2020[27] - Employee benefits expenses for the six months ended June 30, 2021, were SGD 2.784 million, a decrease of 4.2% compared to SGD 2.905 million in the same period of 2020[27] - The group incurred a total employee cost of SGD 1,331,000 for the three months ended June 30, 2021, slightly down from SGD 1,358,000 in the same period of 2020[46] - The company reduced employee benefits expenses to approximately SGD 2.8 million for the six months ended June 30, 2021, down from approximately SGD 2.9 million for the same period in 2020[94] Assets and Liabilities - Total assets decreased from SGD 12,327 million to SGD 11,800 million, reflecting a decline of approximately 4.3%[30] - Non-current liabilities increased from SGD 3,843 million to SGD 3,603 million, a decrease of about 6.2%[30] - Cash and cash equivalents at the end of the period were SGD 2,436 million, down from SGD 3,025 million, representing a decline of approximately 19.5%[37] - The total liabilities decreased from SGD 8,236 million to SGD 8,198 million, a reduction of about 0.5%[30] - The company’s inventory increased from SGD 874 million to SGD 1,258 million, an increase of approximately 43.9%[30] Financial Ratios and Performance Indicators - Basic and diluted loss per share for the three months ended June 30, 2021, was SGD 0.01, compared to a loss of SGD 0.02 per share in the same period of 2020[27] - The basic loss per share for the six months ended June 30, 2021, was SGD 0.02, compared to a loss of SGD 0.02 in the same period of 2020[57] - The debt-to-equity ratio as of June 30, 2021, was 0.5 times, down from 0.6 times on December 31, 2020[100] Corporate Governance and Compliance - The company is committed to high standards of corporate governance, although the roles of chairman and CEO are held by the same individual[118] - The independent non-executive director count has decreased to two, leading to non-compliance with GEM listing rules regarding committee composition[120] - The company has adopted and complied with all applicable code provisions of the corporate governance code[120] - The company has adopted a code of conduct for securities trading, which all directors confirmed compliance with during the six-month period ending June 30, 2021[117] Future Outlook and Strategic Focus - The company continues to focus on expanding its automotive service offerings and enhancing its financing services[40] - The company anticipates continued recovery in the Singapore market as COVID-19 restrictions ease, contributing positively to future revenue growth[83] - The company aims to expand its service and product offerings in response to market demand and trends in Singapore and China[89] - The Singapore government aims to increase the number of electric vehicle charging stations from approximately 2,000 to 60,000 by 2030, which may influence the company's future operations[88] Shareholder Information - Major shareholders, including Mr. Li Jie and Ms. Han Mei, each held 29.3% of the company's shares as of June 30, 2021, totaling 586,020,000 shares[111] - The board does not recommend the payment of any dividends for the six months ended June 30, 2021, consistent with the previous year[126] Miscellaneous - The company recorded other income of SGD 72,000 for the three months ended June 30, 2021, down from SGD 626,000 in the same period of 2020[27] - The expected credit loss on trade receivables was SGD 293,000 as of June 30, 2021, unchanged from December 31, 2020[61] - The group had no significant contingent liabilities, consistent with the previous year[102] - There were no related party transactions during the six-month period ending June 30, 2021[112] - The company has not disclosed any new product or technology developments, market expansions, or mergers during the reporting period[122]
中食民安(08283) - 2021 - 中期财报