Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of SGD 18,866,000, a decrease of 21.3% from SGD 23,871,000 in the previous year[4]. - Other income and gains increased to SGD 2,309,000, up 47.8% from SGD 1,559,000 year-over-year[4]. - The company reported a profit before tax of SGD 1,160,000, compared to a loss of SGD 1,260,000 in the previous year[4]. - Net profit attributable to equity holders of the company was SGD 1,031,000, a significant recovery from a loss of SGD 1,528,000 in the prior year[5]. - Basic earnings per share for equity holders was SGD 3.73, compared to a loss per share of SGD 0.36 in the previous year[5]. - The company reported a significant reduction in non-current liabilities from SGD 6,000 million in 2023 to SGD 2,754 million in 2024, a decrease of approximately 54.9%[7]. - The company reported a decrease in revenue from mainland China, which fell to SGD 1,812,000 from SGD 4,783,000, a decline of 62%[26]. - The company’s net profit for the year was SGD 1,031 thousand, down from SGD 1,528 thousand, indicating a decrease of about 32.5%[20]. Expenses and Costs - The company's cost of materials decreased to SGD 9,330,000, down 20.4% from SGD 11,717,000 in the prior year[4]. - Marketing and advertising expenses rose to SGD 868,000, an increase of 60.9% compared to SGD 539,000 in the previous year[4]. - Employee benefits expenses decreased to SGD 5,799,000, down 25.3% from SGD 7,760,000 year-over-year[4]. - The total employee benefits expense increased to SGD 7,672 thousand from SGD 5,747 thousand, marking a rise of around 33.5%[21]. - Other expenses decreased by approximately SGD 2.81 million or 50.1% to about SGD 2.80 million for the year ending December 31, 2024, mainly due to cost control measures in response to business scale reduction in Singapore and China[59]. Assets and Liabilities - Non-current assets decreased from SGD 6,235 million in 2023 to SGD 5,664 million in 2024, a decline of approximately 9.15%[6]. - Current assets increased significantly from SGD 14,901 million in 2023 to SGD 16,299 million in 2024, an increase of about 9.36%[6]. - Total liabilities decreased from SGD 15,028 million in 2023 to SGD 13,150 million in 2024, a reduction of approximately 12.45%[7]. - The company's net asset value rose from SGD 6,108 million in 2023 to SGD 8,813 million in 2024, an increase of around 44.3%[7]. - Cash and cash equivalents surged from SGD 2,930 million in 2023 to SGD 5,351 million in 2024, reflecting an increase of approximately 82.5%[6]. - Trade receivables decreased from SGD 1,390 million in 2023 to SGD 1,064 million in 2024, a decline of about 23.4%[6]. - The total equity attributable to owners increased from SGD 7,186 million in 2023 to SGD 8,880 million in 2024, an increase of about 23.5%[7]. Strategic Plans and Market Focus - The company plans to focus on market expansion and new product development in the upcoming fiscal year[4]. - The company aims to expand its product range and enhance services in the electric vehicle sector to maintain a leading position in the Singapore market[52]. - The company is focusing on the growth of its smart kitchen division, integrating various business models including offline retail, takeaway, and SaaS+ services[53]. - The company plans to leverage AI and advanced technologies as part of its sustainable growth strategy by 2025[49]. Shareholder Information and Governance - The board of directors confirmed the accuracy and completeness of the financial information presented in the report[3]. - The company has no dividends declared or payable for the year ended December 31, 2024[38]. - The board of directors has recommended not to declare any dividends for the year ending December 31, 2024, consistent with the previous year[84]. - The audit committee consists of three independent non-executive directors, ensuring compliance with accounting principles and internal controls[86]. - The company will publish its annual report in accordance with GEM listing rules, providing necessary information to shareholders[92]. Employment and Workforce - The company had a total of 130 full-time employees as of December 31, 2024, down from 139 employees as of December 31, 2023[77]. - Employee costs (excluding directors and highest-paid executives) decreased to SGD 5,696,000 in 2024 from SGD 7,490,000 in 2023[32].
中食民安(08283) - 2024 - 年度业绩