Financial Performance - For the six months ended June 30, 2022, the total revenue of the group was approximately SGD 34.3 million, a decrease of about 3.3% compared to SGD 35.5 million for the same period in 2021[11]. - The cost of sales for the same period was approximately SGD 28.1 million, an increase of about 5.1% from SGD 26.7 million in the previous year[12]. - Gross profit decreased from approximately SGD 8.8 million for the six months ended June 30, 2021, to approximately SGD 6.3 million for the same period in 2022, resulting in a gross margin decline from 24.8% to 18.3%[14]. - The net profit for the six months ended June 30, 2022, was approximately SGD 1.3 million, a decrease of about 70.6% compared to SGD 4.3 million for the same period in 2021[18]. - Operating profit decreased to 1,982 thousand SGD from 5,073 thousand SGD, reflecting a decline of approximately 60.9%[58]. - The company reported a profit attributable to owners of the company of 1,270 thousand SGD for the six months ended June 30, 2022, down 70.7% from 4,328 thousand SGD in the same period of 2021[163]. - Basic and diluted earnings per share for the period were 0.064 SGD, down from 0.22 SGD in the previous year, representing a decline of approximately 70.9%[58]. Assets and Liabilities - As of June 30, 2022, the group's current assets were approximately SGD 50.0 million, including cash and cash equivalents of about SGD 32.4 million[20]. - Total assets as of June 30, 2022, were SGD 54,078 thousand, a decrease from SGD 56,534 thousand as of December 31, 2021, representing a decline of approximately 4.3%[60]. - Total liabilities decreased to SGD 15,117 thousand from SGD 18,842 thousand, a reduction of approximately 19.4%[60]. - The company’s total liabilities to total assets ratio improved to approximately 27.9% from 33.4% as of December 31, 2021, indicating a stronger financial position[60]. - The company’s non-current borrowings decreased to 4,739,000 SGD as of June 30, 2022, from 5,734,000 SGD as of December 31, 2021, a decrease of 17.4%[177]. Cash Flow - Net cash generated from operating activities for the six months ended June 30, 2022, was SGD 3,784 thousand, down from SGD 6,663 thousand in the same period of 2021, a decrease of approximately 43.3%[138]. - The company reported a net cash inflow of SGD 1,359 thousand for the six months ended June 30, 2022, compared to SGD 8,756 thousand in the previous year, indicating a significant decrease of approximately 84.5%[138]. - Cash and cash equivalents rose to 32,377,000 SGD as of June 30, 2022, up from 31,018,000 SGD as of December 31, 2021, an increase of 4.4%[174]. Employee and Operational Metrics - As of June 30, 2022, the company had approximately 1,596 employees, a decrease from 2,475 employees as of December 31, 2021[36]. - Employee benefits expenses totaled 19,894 thousand SGD, a reduction of 8.56% from 21,768 thousand SGD in the prior year[156]. - The company maintains good employee relations and has not experienced any significant labor disputes during the reporting period[39]. Contracts and Business Operations - The group holds 294 ongoing service contracts with an unpaid contract value of approximately SGD 42.3 million as of August 31, 2022[9]. - The group continues to aim to establish itself as a comprehensive service provider in the environmental services industry, focusing on maintaining high-quality cleaning services[10]. Shareholder Information - As of June 30, 2022, TEK Assets Management Limited, controlled by Mr. Chao Ronggui, held 1,500,000,000 shares, representing 75% of the company[54]. - Chua Seok Joo, spouse of Mr. Chao Ronggui, also holds 1,500,000,000 shares, equating to 75% ownership, as per securities regulations[54]. - The company did not grant any share options during the reporting period, and there were no unexercised options under the share option plan[56]. Financial Management and Compliance - The audit committee has reviewed the unaudited consolidated interim results for the six months ended June 30, 2022, confirming compliance with applicable accounting principles[42]. - The company has adopted new and revised International Financial Reporting Standards effective from January 1, 2022, with no significant impact on its financial position or performance[143]. Related Party Transactions - Related party transactions for the six months ended June 30, 2022, amounted to 174 thousand SGD, slightly down from 181 thousand SGD for the same period in 2021, a decrease of about 3.9%[189].
HYGIEIA GROUP(01650) - 2022 - 中期财报