Financial Performance - For the three months ended September 30, 2022, the company reported revenue of SGD 1,200,000, compared to SGD 1,000,000 for the same period in 2021, representing a 20% increase[23]. - For the nine months ended September 30, 2022, the company achieved revenue of SGD 3,500,000, up from SGD 2,800,000 in 2021, indicating a growth of approximately 25%[23]. - Revenue for the quarter was SGD 6,654 million, an increase of 15.6% compared to SGD 5,753 million in the same quarter last year[26]. - Gross profit before tax was SGD 285 million, up from SGD 213 million, representing a 33.8% increase year-over-year[26]. - Net profit for the period was SGD 221 million, compared to SGD 179 million, reflecting a 23.5% increase[26]. - Earnings per share for ordinary shareholders was SGD 0.011, an increase from SGD 0.009 in the previous year[26]. - Total comprehensive income for the period was SGD 211 million, compared to SGD 174 million, marking a 21.3% increase[26]. - The company reported a total revenue of SGD 17,757 million for the nine months, up from SGD 16,548 million, indicating a growth of 7.3%[26]. - The group recorded a loss of approximately SGD 0.04 million for the nine months ended September 30, 2022, compared to a profit of SGD 0.46 million for the same period in 2021[69]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 15% increase in market share by the end of 2023[24]. - New product development initiatives are expected to contribute an additional SGD 500,000 in revenue for the next quarter, driven by innovative offerings in the food sector[24]. - The company is exploring potential acquisition opportunities to enhance its product portfolio and market reach, with a focus on companies in the food and beverage sector[24]. - The company plans to expand its electric vehicle charging infrastructure in Singapore, aiming to increase the number of charging stations from approximately 2,000 to 60,000 by 2030[61]. - The group aims to maintain its leadership position in the Singapore passenger car market by retaining existing customers and acquiring new ones[63]. - The group plans to expand its service and product offerings in response to changing customer demands and trends in the Singapore and China markets[63]. Operational Efficiency and Costs - The company has allocated SGD 200,000 for research and development in new technologies aimed at improving operational efficiency[24]. - Employee benefits expenses increased to SGD 1,872 million from SGD 1,405 million, a rise of 33.3%[26]. - Employee costs increased by approximately SGD 0.6 million due to the new subsidiary in China[66]. - Other expenses increased by approximately SGD 0.8 million due to professional fees and additional operating expenses from the new subsidiary in China[68]. - Material costs increased in line with revenue growth compared to the same period last year[65]. Corporate Governance and Compliance - The board of directors remains committed to maintaining transparency and accuracy in financial reporting, ensuring compliance with GEM listing rules[24]. - The company has adopted a code of conduct for directors regarding securities trading, confirming compliance with the GEM Listing Rules from January to September 2022[83]. - The company has complied with all applicable provisions of the corporate governance code during the reporting period[84]. - The roles of the co-chairman and CEO are held by the same individual, which the board believes ensures consistent internal leadership[84]. - The board will continue to review the separation of the roles of chairman and CEO at an appropriate time[84]. Customer Engagement and Marketing - User data indicates a 30% increase in customer engagement through digital platforms, reflecting successful marketing strategies implemented in the past quarter[24]. Financial Guidance and Future Outlook - The management has provided guidance for the next quarter, projecting revenue growth of 10% based on current market trends and consumer demand[24]. - The company has not yet adopted new or revised international financial reporting standards that have been issued but are not yet effective[32]. - There have been no significant events affecting the group after the reporting period up to the date of this report[88]. Dividend and Shareholder Information - The company does not recommend any dividend payment for the nine months ended September 30, 2022[44]. - The board does not recommend any dividend payment for the nine months ending September 30, 2022, consistent with the previous year[89]. - The company expresses gratitude to shareholders, business partners, and customers for their ongoing support[90].
中食民安(08283) - 2022 Q3 - 季度财报