Financial Performance - Revenue for the year ended June 30, 2024, was approximately SGD 6.7 million, a decrease of 39.9% from SGD 11.2 million in 2023[7] - Loss before tax for the year was SGD 2.0 million, down 60.8% from SGD 5.2 million in the previous year[7] - The net loss attributable to owners of the company was SGD 2.2 million, a reduction of 55.5% from SGD 5.0 million in 2023[7] - Total revenue for the year was approximately SGD 6.7 million, a decrease of about SGD 4.5 million or 39.9% compared to SGD 11.2 million for the year ending June 30, 2023, primarily due to the reduction in the number of stores[28] - The bakery segment generated revenue of approximately SGD 2.8 million, a decrease of about SGD 3.5 million or 56.1% compared to the previous year[30] - The Chinese casual restaurant segment reported revenue of approximately SGD 0.9 million, down by SGD 1.9 million or 68.5% from the previous year[31] Assets and Liabilities - Total assets increased by 18.6% to SGD 3.6 million from SGD 3.1 million in 2023[7] - Total liabilities rose by 17.0% to SGD 8.8 million compared to SGD 7.5 million in the previous year[7] - Current liabilities net amount increased to approximately SGD 6.4 million as of June 30, 2024, from about SGD 4.7 million in 2023[46] - Borrowings decreased by approximately SGD 0.2 million or 54.7%, from about SGD 0.3 million as of June 30, 2023, to about SGD 0.1 million as of June 30, 2024[48] Market Expansion and Strategy - The company plans to actively expand into the Chinese market by opening more restaurants and exploring franchising opportunities[11] - Future outlook includes plans to expand into Southeast Asian markets, targeting a market share increase of 10% within the next two years[17] - The company established a new division for smart beverage vending machines in China, which is expected to diversify revenue sources and leverage strong consumer demand in the world's second-largest economy[25] - A strategic acquisition of a local competitor is anticipated, which is expected to enhance market presence and increase overall sales by 20%[18] Cost Management and Efficiency - Management will continue to implement cost-cutting measures to mitigate losses amid rising operational costs in Singapore[10] - The company is focusing on streamlining operations, enhancing product and service quality, and improving efficiency[12] - The company aims to improve operational efficiency by implementing advanced AI technology in its vending machines, projected to reduce costs by 15%[19] Employee and Workforce Management - The company has a total of 97 employees as of June 30, 2024, down from 98 in 2023[55] - The number of full-time employees decreased from 76 (83.5%) to 66 (71.0%), while part-time employees increased from 15 (16.5%) to 27 (29.0%) in the fiscal year 2024[112] - The company conducts regular reviews of employee compensation to ensure competitiveness and fairness[112] - The company has implemented flexible working hours to support employee work-life balance and mental health[116] Environmental, Social, and Governance (ESG) Initiatives - The board emphasized the importance of sustainability initiatives, aiming for a 50% reduction in carbon footprint by 2025[19] - The company is committed to enhancing its ESG performance and has established short-term goals to evaluate its progress[76] - The company aims to ensure sustainable operations while balancing profitability and environmental, social, and governance impacts[64] - The company has recognized the risks associated with transitioning to low-emission technologies, which may lead to increased operational costs and capital expenditures[107] Risk Management and Compliance - The company identified and categorized major risks into strategic, operational, financial, and compliance risks, including government policy sensitivity and market competition risks[170] - The board is responsible for overseeing the company's business management and ensuring alignment with shareholders' best interests[152] - The company has established procedures for handling and disclosing inside information, adhering to GEM listing rules[165] Shareholder Communication and Governance - The company has adopted a shareholder communication policy to ensure timely and equal access to information for shareholders and potential investors[178] - The board will review the dividend policy periodically, with no guarantee of declaring dividends in any specific period[189] - The company emphasizes the importance of the annual general meeting as a platform for direct communication between the board and shareholders[177] Community Engagement and Charitable Activities - The group actively participates in charitable activities to support impoverished families in local communities[134] - The company emphasizes community investment in areas such as education, health, and culture, but specific contributions are not detailed[143]
环球友饮智能(08496) - 2025 - 年度财报