Financial Performance - Total revenue for the six months ended December 31, 2024, was SGD 5,735,734, representing a 48.6% increase from SGD 3,856,287 in the same period of 2023[7]. - Net profit for the period was SGD 2,234,383, compared to a net loss of SGD 240,563 in the previous year, indicating a significant turnaround[7]. - Basic and diluted earnings per share for the period were SGD 0.82, compared to a loss per share of SGD 0.08 in the prior year[7]. - The company reported a total comprehensive income of SGD 2,244,270 for the period, compared to a comprehensive loss of SGD 250,804 in the previous year[7]. - The company recorded a net gain of SGD 2,120,934 from the sale of a subsidiary, AA International Holdings Limited, during the reporting period[34]. - The company reported a profit attributable to equity holders of approximately SGD 2.2 million for the six months ended December 31, 2024, compared to a loss of SGD 0.2 million for the same period in 2023, marking a significant turnaround[59]. Assets and Liabilities - Total assets as of December 31, 2024, amounted to SGD 8,166,674, up from SGD 3,634,368 as of June 30, 2024, reflecting a growth of 124%[8]. - Non-current assets increased to SGD 3,707,335 from SGD 1,546,872, primarily driven by investments in property, plant, and equipment[8]. - Total liabilities decreased from SGD 8,779,077 to SGD 8,036,080, a reduction of approximately 8.5%[11]. - The company's total equity increased to SGD 8,985,050 as of December 31, 2024, compared to SGD 7,541,389 at the end of June 2024, reflecting a growth of approximately 19%[46]. - The company's total trade and other payables rose to SGD 2,500,932 as of December 31, 2024, compared to SGD 1,468,410 on June 30, 2024, marking an increase of about 70%[54]. Cash Flow - The company reported a net cash outflow from operating activities of SGD 289,080 for the six months ended December 31, 2024, compared to a net inflow of SGD 926,279 in the same period of 2023[17]. - Cash and cash equivalents at the end of the period were SGD 429,473, down from SGD 1,415,826 a year earlier, reflecting a decrease of approximately 69.7%[17]. - The company’s net cash inflow from financing activities was SGD 2,757,890, a significant increase compared to SGD 322,473 in the previous year[17]. Segment Performance - Revenue from the beverage vending machine segment reached SGD 4,525,725, contributing the largest share to total revenue[25]. - The company reported a segment profit of SGD 492,938 for the six months ended December 31, 2024, compared to a profit of SGD 178,221 for the same period in 2023, indicating a year-over-year increase of approximately 176.5%[26]. - The smart beverage vending machine segment contributed approximately SGD 4.5 million, accounting for 78.9% of total revenue for the six months ended December 31, 2024, compared to only 7.1% in the previous year[65]. Operational Changes - Employee benefits costs decreased to SGD 1,143,231 in the first half of 2024 from SGD 1,415,225 in the same period of 2023, reflecting a reduction of approximately 19.2%[36]. - The company plans to close underperforming bakeries and restaurants to better manage and control market expenditures amid rising operational costs due to inflation[60]. - The company remains optimistic about the future development of its smart beverage vending machine segment in China, which is seen as a significant opportunity for revenue diversification[60]. Governance and Compliance - The company emphasizes the importance of corporate governance to maintain transparency and accountability to shareholders and stakeholders[111]. - The board consists of four executive directors and three independent non-executive directors, ensuring a balance of power[112]. - The audit committee, established on April 24, 2020, is composed of three independent non-executive directors and is responsible for reviewing financial statements and internal controls[117]. - The company has complied with the corporate governance code throughout the reporting period[114]. Shareholder Information - The company's major shareholder, China Youyin Technology Co., Ltd., holds a beneficial interest of 131,850,000 shares, representing 49.54% of the total shares[109]. - Uin Holdings Limited, which is wholly owned by Mr. Zhang Yang, also holds 49.54% of the shares, equivalent to 131,850,000 shares[110].
环球友饮智能(08496) - 2025 - 中期财报