Financial Performance - For the nine months ended September 30, 2022, the total revenue of the group was approximately RM 101.8 million, an increase of about 65.3% compared to the same period in 2021[3] - The gross profit for the nine months ended September 30, 2022, was approximately RM 11.2 million, representing an increase of about 45.4% year-on-year[3] - The group recorded a net loss of approximately RM 5.4 million for the nine months ended September 30, 2022[3] - The total comprehensive loss for the nine months ended September 30, 2022, was RM 1.0 million, compared to a loss of RM 3.9 million for the same period in 2021[5] - The basic and diluted loss per share for the nine months ended September 30, 2022, was 0.86 sen, compared to 3.7 sen for the same period in 2021[5] - The loss attributable to the company's owners for the nine months ended September 30, 2022, was 5,436,000 MYR, compared to 5,085,000 MYR for the same period in 2021, indicating an increase in loss of about 6.9%[23] - The company recorded a loss of approximately MYR 5.4 million for the nine months ended September 30, 2022, compared to a loss of MYR 5.1 million in 2021[48] Revenue Breakdown - For the three months ended September 30, 2022, the revenue was RM 33.7 million, compared to RM 22.8 million for the same period in 2021, reflecting a growth of approximately 47.8%[4] - The total revenue for the nine months ended September 30, 2022, was 101,803 thousand MYR, a significant increase from 61,596 thousand MYR in the same period of 2021, representing a growth of approximately 64.9%[10] - The revenue from the air freight and related services for the three months ended September 30, 2022, was 5,319 thousand MYR, compared to 6,332 thousand MYR in the same period of 2021, showing a decline of about 16%[16] - The sales of second-hand mobile phones generated 35,745 thousand MYR in revenue for the nine months ended September 30, 2022, with no revenue reported in the same period of 2021, indicating a new revenue stream[10] - The revenue from the manufacturing and trading of plastic products for the nine months ended September 30, 2022, was 18,731 thousand MYR, up from 13,165 thousand MYR in the same period of 2021, reflecting a growth of approximately 42.3%[10] - The revenue from external customers in Malaysia for the nine months ended September 30, 2022, was 45,950 thousand MYR, an increase from 33,672 thousand MYR in the same period of 2021, representing a growth of about 36.4%[15] - Revenue from shipping services for the nine months ended September 30, 2022, was approximately MYR 20.8 million, a decrease of 8.8% from MYR 22.8 million in the same period of 2021[31] - Revenue from freight services not involving air or sea transport was approximately MYR 2.7 million in 2022, a significant decrease from MYR 14.0 million in 2021[32] - Total revenue from integrated logistics services for the nine months ended September 30, 2022, was approximately MYR 47.3 million, a decrease of 2.3% from MYR 48.4 million in 2021[37] - Revenue from the sale of second-hand mobile phones was approximately MYR 35.7 million in 2022, representing about 35.1% of total revenue[35] Expenses and Costs - The cost of sales for the three months ended September 30, 2022, was RM 30.4 million, resulting in a gross profit of RM 3.2 million[4] - The total financing costs for the nine months ended September 30, 2022, were 730 thousand MYR, compared to 580 thousand MYR in the same period of 2021, indicating an increase of approximately 25.9%[12] - The depreciation of property, plant, and equipment for the nine months ended September 30, 2022, was 1,935 thousand MYR, down from 2,986 thousand MYR in the same period of 2021, showing a decrease of about 35.2%[12] - Administrative expenses increased to approximately MYR 16.9 million in 2022, compared to MYR 12.2 million in 2021[46] Dividends and Shareholder Information - The board of directors did not recommend the payment of an interim dividend for the nine months ended September 30, 2022[3] - The company did not recommend any interim dividend for the nine months ended September 30, 2022, consistent with the previous year[18] - The company did not recommend an interim dividend for the nine months ended September 30, 2022, compared to no dividend in the previous year[49] - As of September 30, 2022, Win All Management Limited holds 188,380,000 shares, representing 29.73% of the company's equity[53] - The average number of ordinary shares in issue for the nine months ended September 30, 2022, was 633,600,000 shares, compared to 136,536,264 shares for the same period in 2021, reflecting a substantial increase in share count[27] - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ended September 30, 2022[56] Strategic Plans and Market Position - The company aims to expand its logistics services and second-hand mobile phone business in Malaysia and China to enhance revenue diversification and improve capital efficiency[36] - The company plans to closely monitor market conditions and adjust its strategies and operations as necessary to maintain its market position in logistics services[28] Compliance and Governance - The company has complied with the corporate governance code as per GEM listing rules during the reporting period[59] - The audit committee, consisting of independent non-executive directors, has reviewed the financial statements for the third quarter[60] - The company confirmed that there are no competing interests from major shareholders or their associates during the reporting period[57] Other Financial Information - The company reported other comprehensive income of RM 4.3 million for the nine months ended September 30, 2022, primarily due to foreign exchange differences[6] - The total equity attributable to owners of the company as of September 30, 2022, was RM 64.7 million, compared to RM 43.2 million at the beginning of the year[6] - The company raised approximately HKD 51.9 million through a rights issue, issuing up to 475,200,000 shares at a subscription price of HKD 0.11 per share to expand its logistics services[50] - The actual use of funds includes HKD 15 million for logistics services, HKD 6.47 million for salary expenses, and HKD 2.17 million for postal and courier fees, totaling HKD 25.88 million[51] - The company has a remaining balance of approximately HKD 26.07 million deposited in reputable banks[51] - As of September 30, 2022, there are 800,000 shares available for issuance under the share option scheme, representing 0.13% of the issued shares[55] - The estimated taxable profit for Malaysian income tax is calculated at a statutory rate of 24% for both 2022 and 2021[7] - The estimated taxable profit for Vietnam income tax is calculated at a statutory rate of 20% for both 2022 and 2021[21]
盛良物流(08292) - 2022 Q3 - 季度财报