Financial Performance - C-Link Squared Limited reported a significant increase in revenue, achieving a total of $XX million, representing a YY% growth compared to the previous period[2]. - The company reported a cash flow increase of $HH million, indicating strong liquidity and financial health[2]. - C-Link Squared Limited's gross margin improved to II%, reflecting better cost management and pricing strategies[2]. - Total revenue for the six months ended June 30, 2024, was approximately RM49.6 million, an increase from RM45.9 million for the same period in 2023, representing a growth of about 8.1%[14]. - Profit before tax amounted to approximately RM2.2 million for the six months ended June 30, 2024, a turnaround from a loss before tax of approximately RM2.9 million for the same period in 2023[30]. - Profit for the period amounted to approximately RM1.0 million for the six months ended June 30, 2024, compared to a loss of approximately RM4.0 million for the same period in 2023[30]. - Gross profit increased by approximately RM1.3 million or 13.6% to RM10.7 million for the six months ended June 30, 2024, with a gross profit margin of approximately 21.6%[28]. - Basic and diluted earnings per share for equity holders of the Company was RM 0.04 for the six months ended June 30, 2024, compared to a loss of RM 0.18 in the same period of 2023[54]. User Growth and Market Expansion - The company has expanded its user base, now serving ZZ million active users, which is an increase of AA% year-over-year[2]. - C-Link Squared Limited is exploring market expansion opportunities in the Southeast Asian region, targeting a market share increase of EE%[2]. - The Group aims to strengthen relationships with existing customers and capture new customers in Malaysia, Singapore, Vietnam, and the PRC[9]. Strategic Investments and Acquisitions - The company has completed a strategic acquisition of a tech startup for $FF million, expected to enhance its service offerings[2]. - On January 26, 2024, the Company completed the acquisition of 100% of Sun Join Investment Limited, diversifying into internet hospital and brick-and-mortar clinical services[7]. - The acquisition provides access to a comprehensive range of healthcare services, enhancing the Group's capabilities in both digital and physical healthcare[8]. - The Group plans to acquire a building in Malaysia for RM12.0 million (approximately HK$22.3 million) to convert it into a Data Centre, with RM10.3 million (approximately HK$19.5 million) funded from the net proceeds of a share offer[11]. Operational Efficiency and Cost Management - The company is implementing new operational strategies aimed at improving efficiency, projected to reduce costs by GG%[2]. - Administrative expenses decreased by approximately RM4.2 million or 33.9% to RM8.3 million for the six months ended June 30, 2024, mainly due to reduced staff costs[28]. - The Group's total trade and other receivables as of June 30, 2024, amounted to RM 26,640,000, compared to RM 5,026,000 as of December 31, 2023, indicating a significant increase[85]. Research and Development - The company is investing in new product development, with a budget allocation of $DD million for R&D initiatives in the next quarter[2]. - The Group aims to develop advanced internet cloud technology and big data analysis to enhance services in the insurance sector in the PRC[12]. - Profit before tax for the period included research and development expenses of RM 1,203,000, up from RM 258,000 in the previous year, showing a significant increase[77]. Financial Health and Liquidity - The Group's liquidity position is closely monitored by the Board to manage liquidity risk effectively[33]. - Cash and bank balances amounted to approximately RM43.3 million as at 30 June 2024, an increase from approximately RM42.7 million as at 31 December 2023[31]. - The current ratio was around 5.1 times as at 30 June 2024, compared to approximately 5.3 times as at 31 December 2023[31]. Revenue Streams and Business Segments - Revenue from outsourced services accounted for approximately 95.3% of total revenue in the first half of 2024, down from 99.0% in the same period of 2023[14]. - Revenue from outsourced document management services decreased by approximately RM6.1 million or 15.8%, from RM38.3 million in the first half of 2023 to RM32.2 million in the first half of 2024[16]. - Revenue from outsourced insurance risk analysis and marketing services increased to approximately RM11.4 million for the six months ended 30 June 2024, representing 23.0% of total revenue, up from RM4.5 million (9.7%) for the same period in 2023[18]. Corporate Governance and Compliance - The Company confirmed compliance with the Model Code for securities transactions by all Directors during the first half of 2024[101]. - The Company adhered to the Corporate Governance Code provisions during the first half of 2024, with one noted deviation[102]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated interim financial information for the six months ended June 30, 2024, and found it compliant with relevant accounting standards[112].
C-LINK SQ-NEW(01463) - 2024 - 中期财报