Financial Performance - Revenue for the six months ended December 31, 2021, was S$4,970,978, an increase from S$4,505,049 in the same period of 2020, representing a growth of approximately 10.3%[7] - Gross profit for the same period was S$1,189,135, compared to S$687,425 in 2020, indicating a significant increase of approximately 73.2%[7] - The company reported a loss before taxation of S$1,640,786 for the six months ended December 31, 2021, compared to a profit of S$82,605 in the prior year[7] - Total comprehensive loss for the period was S$1,763,920, compared to a loss of S$1,091,911 in the same period of 2020[7] - Basic and diluted loss per share was (0.21) cents, a decrease from earnings of 0.004 cents per share in the previous year[7] - Other income decreased significantly to S$61,645 from S$269,763 in the prior year, reflecting a decline of approximately 77.2%[7] - Administrative expenses increased to S$2,891,412 from S$869,746, marking an increase of approximately 232.5%[7] - The company experienced a net other comprehensive income of S$14,960, compared to a loss of S$1,123,140 in the previous year[7] - The segment results showed a consolidated loss before tax of S$1,640,786 and a consolidated loss after tax of S$1,778,880 for the period[31] - The Group recorded a loss of approximately S$1.8 million for the six months ended December 31, 2021, compared to a profit of approximately S$0.03 million for the same period in 2020[94] Assets and Liabilities - As of December 31, 2021, total non-current assets amounted to S$10,422,085, an increase from S$645,840 compared to June 30, 2021[9] - Total current assets reached S$31,720,071, up from S$29,579,836 as of June 30, 2021, indicating a growth of approximately 7.3%[9] - Total current liabilities increased to S$4,309,777 from S$2,355,288, reflecting a significant rise of approximately 83%[9] - The company's equity attributable to owners increased to S$37,146,372 from S$27,843,078, representing a growth of about 33%[10] - Trade receivables decreased to S$2,120,017 from S$2,979,067, indicating a reduction of approximately 29%[9] - The accumulated profits as of December 31, 2021, were S$8,787,677, down from S$10,566,557 as of June 30, 2021[10] - The Group's total shareholders' funds increased to approximately S$37.3 million as of December 31, 2021, up from S$27.8 million as of June 30, 2021[99] - Current assets amounted to approximately S$31.7 million, while current liabilities were S$4.3 million, resulting in a current ratio of 7.4 as of December 31, 2021[100] Cash Flow - Net cash used in operating activities was S$639,570 for the six months ended December 31, 2021, a decrease from S$800,580 in the prior year[12] - For the six months ended December 31, 2021, the net cash used in investing activities was S$13,633,455 compared to a net cash inflow of S$35,919 in the same period of 2020[14] - Cash and cash equivalents at the end of the period were S$20,234,375, down from S$23,305,860 at the end of the previous period[14] - The Group's bank and cash balances as of December 31, 2021, were S$25,422,987, compared to S$23,613,579 on June 30, 2021, marking an increase of 7.6%[64] Strategic Initiatives and Future Outlook - Future outlook and strategic initiatives were not explicitly detailed in the provided content, suggesting a focus on financial recovery and operational efficiency[6] - The Group is diversifying into a new business involving innovative software for trading, market data, and analytical services, including mobile apps and web portal applications[82] - The Singapore government’s initiative to increase medical-related facilities is expected to drive demand for medical-related radiation shielding works[84] - The Group plans to explore emerging building technologies to strengthen its market position in the medical and healthcare construction sectors in Singapore while expanding its presence in Hong Kong[121] - The Group aims to strengthen its capabilities in system development, compliance, and risk management while exploring opportunities in the FinTech sector, including trading and settlement systems[123] Shareholder Information - As of December 31, 2021, Mr. Lin Ho Man holds 584,000,000 shares, representing 60.83% of the issued share capital of the company[128] - Mr. Lin also owns 800,000 share options, which account for 0.08% of the issued share capital[128] - Mr. Tsang Wing Fung is a beneficial owner of 8,000,000 shares, representing 0.83% of the issued share capital, and also holds 8,000,000 share options[128] - Flourish Nation Enterprises Limited, owned 100% by Mr. Lin, holds 584,000,000 shares, equating to 60.83% of the company[131] - The company has adopted a share option scheme valid until March 15, 2028, aimed at incentivizing employees and attracting talent[140] Compliance and Governance - The Company has complied with the corporate governance code provisions since June 1, 2021, and will continue to do so[146] - All directors confirmed compliance with the Model Code regarding securities transactions throughout the six months ended December 31, 2021[139] - The audit committee reviewed the unaudited condensed consolidated results for the six months ended December 31, 2021, with no disagreements noted[153]
HKE HOLDINGS(01726) - 2022 - 中期财报