Financial Performance - Revenue for the six months ended June 30, 2022, was SGD 11,853,616, representing a 42.5% increase from SGD 8,306,509 in the same period of 2021[4] - Gross profit for the six months ended June 30, 2022, was SGD 1,946,378, up 24.3% from SGD 1,565,641 in the previous year[4] - The net loss for the six months ended June 30, 2022, was SGD 321,226, compared to a profit of SGD 16,481 in the same period of 2021[4] - Total comprehensive income for the six months ended June 30, 2022, was SGD 497,435, compared to SGD 467,651 in the same period of 2021[4] - The company reported a net profit before tax of SGD 472,227 for the six months ended June 30, 2022, down from SGD 601,271 in 2021[25] - For the six months ended June 30, 2022, the company recorded a profit of SGD 508,927, up from SGD 490,971 in the same period of 2021, indicating a year-on-year increase[43] - The company reported a pre-tax loss of SGD (538,965) for the three months ended June 30, 2022, compared to a profit of SGD 29,381 in the same period of 2021[41] Revenue Breakdown - The signage business reported a revenue of SGD 3,224,411 for the six months ended June 30, 2022, down 22.6% from SGD 4,165,859 in 2021[25] - The renovation and refurbishment services segment saw a significant increase in revenue to SGD 8,629,205, up 108.8% from SGD 4,140,650 in the previous year[25] - Revenue from the signage and related products in the public and private sectors decreased to approximately SGD 3,224,000, down SGD 942,000 from 2021[70] Assets and Liabilities - Current assets as of June 30, 2022, totaled SGD 16,389,161, an increase from SGD 13,074,231 as of December 31, 2021[6] - Total liabilities as of June 30, 2022, were SGD 2,097,956, down from SGD 2,286,255 as of December 31, 2021[9] - The company's equity as of June 30, 2022, was SGD 15,190,294, an increase from SGD 12,869,685 as of December 31, 2021[9] - The company's total trade receivables as of June 30, 2022, amounted to SGD 1,672,307, an increase from SGD 1,519,460 as of December 31, 2021[48] - Trade payables increased significantly to SGD 1,980,904 as of June 30, 2022, from SGD 905,156 as of December 31, 2021[54] Cash Flow - The company’s cash and cash equivalents as of June 30, 2022, were SGD 3,119,544, down from SGD 3,616,810 as of December 31, 2021[6] - Net cash used in operating activities for the six months ended June 30, 2022, was SGD (1,361,655), an improvement from SGD (2,716,679) in 2021, indicating a reduction in cash outflow[14] - The total cash and cash equivalents decreased by SGD 573,020 to SGD 3,119,544 as of June 30, 2022, compared to SGD 2,698,344 in 2021[14] - The company experienced a net cash inflow from financing activities of SGD 811,335, a decrease from SGD 2,150,024 in the previous year, suggesting reduced reliance on external financing[14] Expenses - Sales and administrative expenses increased by 32.9% to approximately SGD 1,880,000, primarily due to share-based payment expenses[63] - Total employee costs for the six months ended June 30, 2022, were approximately SGD 2,228,000, an increase from SGD 1,438,000 in the same period of 2021[79] - Financing costs for the six months ended June 30, 2022, increased to SGD 19,819 from SGD 15,279 in 2021, indicating higher interest expenses[36] Shareholder Information - The company did not declare an interim dividend for the six months ended June 30, 2022, consistent with the previous year[47] - The total number of issued and paid-up shares increased to 236,800,000 as of June 30, 2022, following the exercise of 12,800,000 share options[55] - The average number of issued ordinary shares weighted for the six months ended June 30, 2022, was 229,657,459, compared to 149,626,374 in the same period of 2021[43] - Absolute Truth Investments Limited holds 39,337,600 shares, representing 16.61% of the total issued share capital[89] - The company issued a total of 12,800,000 shares after the exercise of stock options, raising a total consideration of HKD 5,760,000[93] Governance and Compliance - The board of directors confirmed compliance with the corporate governance code during the six months ending June 30, 2022[98] - The audit committee reviewed the unaudited consolidated results for the six months ending June 30, 2022, ensuring compliance with applicable accounting standards and regulations[102] - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[102] - No significant conflicts of interest were reported among the directors and major shareholders during the six months ending June 30, 2022[92] Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[4] - The group plans to focus more resources on renovation and refurbishment services to meet capital needs for business expansion[72]
吉辉控股(08027) - 2022 - 中期财报