Revenue and Profitability - Revenue for the six months ended November 30 was SGD 11,087,720, an increase of 8.3% from SGD 10,240,167 in the previous year[12] - Gross profit increased by 25.5% to SGD 5,123,522, driven by revenue growth despite a 7.8% increase in employee-related costs[14] - Pre-tax profit decreased slightly by SGD 13,711 due to rising employment-related costs offsetting revenue increases[15] - The Simplicity business unit saw a revenue increase of 11.2% or SGD 968,988, attributed to public sector investments in smart technology[13] - The myBill segment contributed a revenue growth of 5.7% or SGD 43,599[13] - Starlight's revenue declined by 31.8% or SGD 202,747 due to demand slowdown and regulatory changes affecting power resale profits[13] - SpaceMonster's revenue increased by 24.2% or SGD 37,713, driven by a growing number of subscriptions[13] - Total revenue from external customers reached SGD 11,087,720 for the six months ended November 30, 2021, compared to SGD 10,240,167 in the same period of 2020, representing an increase of approximately 8.3%[59] - Reported segment profit for Simplicity and MyBill.sg was SGD 4,200,734 for the six months ended November 30, 2021, up from SGD 3,195,343 in the same period of 2020, indicating a growth of about 31.5%[59] Financial Position - Total assets as of November 30, 2021, were SGD 23,312,621, compared to SGD 23,224,204 as of May 31, 2021, indicating a slight increase[21] - Total liabilities as of November 30, 2021, were SGD 7,286,836, compared to SGD 9,146,160 as of May 31, 2021, showing a decrease[21] - The total assets of the reportable segments amounted to SGD 7,063,675 as of November 30, 2021, compared to SGD 9,830,430 as of May 31, 2021, reflecting a decrease of approximately 28.3%[61] - Total liabilities for the reportable segments decreased to SGD 2,363,843 as of November 30, 2021, from SGD 2,900,200 as of May 31, 2021, showing a reduction of approximately 18.5%[61] Cash Flow and Earnings - Net cash generated from operating activities for the six months ended November 30, 2021, was SGD 4,250,384, down from SGD 5,872,610 in the previous year[24] - Basic earnings per share for the six months ended November 30, 2021, were SGD 0.34, down from SGD 0.49 in the same period of 2020[18] - The company reported a total comprehensive loss of SGD 1,400,284 for the six months ended November 30, 2021, compared to a loss of SGD 1,959,813 in the same period of 2020[18] - The company reported a total comprehensive income of SGD 1,399,781 for the three months ended November 30, 2021, compared to SGD 1,478,270 in the same period of 2020, representing a decline of about 5.3%[61] Expenses and Costs - Overall sales costs increased by 7.8% due to human resource costs, but were offset by reduced third-party licensing costs and amortization expenses[14] - Administrative expenses rose by 20.0% to SGD 1,991,895, primarily due to increased employee costs and depreciation[146] - The company continues to face challenges related to employee retention impacting labor costs[14] Future Outlook - Future outlook remains cautious due to ongoing market conditions and regulatory impacts on certain business segments[13] - The company anticipates a significant decline in myBill's subscription revenue in the coming months due to the cessation of operations by its major customer, iSwitch Pte Ltd[142] Segment Performance - Simplicity total revenue increased by 11.2% from SGD 8,678,395 to SGD 9,647,383 for the six months ended November 30, 2021[127] - Project revenue for Simplicity grew by 8.8% from SGD 6,802,803 to SGD 7,403,986, driven by the delivery of smart real estate management systems[128] - Maintenance service revenue for Simplicity rose by 17.7% from SGD 1,797,952 to SGD 2,115,747[128] - Starlight total revenue decreased by 31.8% from SGD 636,850 to SGD 434,103 for the six months ended November 30, 2021[129] - Starlight project revenue fell by 50.2% from SGD 454,720 to SGD 226,576, primarily due to reduced demand from the COVID-19 pandemic[130] - myBill total revenue increased by 5.7% from SGD 768,998 to SGD 812,597, with subscription revenue rising to SGD 792,597[132] - SpaceMonster revenue grew by 24.2% from SGD 155,924 to SGD 193,637, reflecting healthy demand for venue sharing services[136] Corporate Governance - The company emphasizes strong corporate governance to enhance shareholder value and ensure effective accountability[167] - Anacle Systems Limited's audit committee was established on November 24, 2016, consisting of two independent non-executive directors and one non-executive director[172] - The audit committee's main responsibilities include recommending the appointment and removal of external auditors, reviewing financial statements, and overseeing risk management and internal control procedures[172] Shareholder Information - Major shareholders include Huang Yanyan with 45,572,000 shares (11.31%) and Lin Lifang with 22,750,000 shares (5.65%) as of November 30, 2021[156] - BAF Spectrum Pte. Ltd. holds 28,698,162 shares (7.12%) and Majuven Fund 1 Ltd. holds 36,528,219 shares (9.07%) as beneficial interests[156] - Keppel Corporation Limited has a beneficial interest in 36,723,000 shares (9.11%) as of November 30, 2021[156]
安科系统(08353) - 2022 - 中期财报