Financial Performance - For the nine months ended September 30, 2022, the group's revenue was approximately SGD 20,172,000, an increase of about SGD 478,000 or 2.4% compared to the same period in 2021[5]. - The loss attributable to owners for the nine months ended September 30, 2022, was approximately SGD 5,197,000, compared to a loss of SGD 3,377,000 for the same period in 2021, reflecting a difference of approximately SGD 1,820,000 primarily due to reduced government grants and share option expenses[5]. - For the three months ended September 30, 2022, the group's revenue was SGD 6,732,142, compared to SGD 6,365,367 for the same period in 2021[7]. - The gross profit for the nine months ended September 30, 2022, was SGD 326,204, down from SGD 1,217,161 for the same period in 2021[7]. - The total comprehensive loss for the nine months ended September 30, 2022, was SGD 5,196,798, compared to SGD 3,376,840 for the same period in 2021[7]. - The basic and diluted loss per share for the nine months ended September 30, 2022, was SGD 0.0063, compared to SGD 0.0049 for the same period in 2021[7]. - The company recorded an unaudited loss of approximately SGD 5,197,000 for the nine months ended September 30, 2022, compared to a loss of approximately SGD 3,377,000 in the same period in 2021[54]. Revenue Breakdown - Truck transportation services generated revenue of SGD 5,784,089 for the three months ended September 30, 2022, compared to SGD 5,226,542 in 2021, reflecting a growth of 10.65%[19]. - Revenue from truck transportation services rose by approximately SGD 897,000 to SGD 17,045,000, reflecting a growth of about 5.6% due to increased pricing to offset rising diesel costs[45]. - Revenue from consolidation services decreased by approximately SGD 417,000 to about SGD 3,127,000, primarily due to fluctuating customer demand[46]. - The company's revenue for the nine months ended September 30, 2022, increased by approximately SGD 478,000 or about 2.4% to approximately SGD 20,172,000 compared to the same period in 2021[44]. - The company's revenue from warehousing services for the three months ended September 30, 2022, was SGD 948,053, a decrease of 16.76% from SGD 1,138,825 in the same period of 2021[19]. Expenses and Liabilities - Administrative expenses increased by approximately SGD 545,000 or 10.5% to about SGD 5,739,000, driven by higher office maintenance and professional fees[50]. - Financing costs for the nine months ended September 30, 2022, totaled SGD 28,959, a decrease of 66.8% from SGD 87,378 in the same period of 2021[26]. - The company’s total liabilities included bank and other loan interest of SGD 24,818 for the nine months ended September 30, 2022, down from SGD 77,775 in 2021[26]. - As of September 30, 2022, the total employee cost was approximately SGD 7,083,000, a decrease from SGD 7,427,000 in the same period in 2021[60]. Dividend and Equity - The board of directors did not recommend any dividend distribution for the nine months ended September 30, 2022[5]. - The company did not declare any dividends for the nine months ended September 30, 2022[39]. - The total equity as of September 30, 2022, was SGD 17,393,240, down from SGD 21,137,058 as of September 30, 2021[8]. Corporate Governance and Compliance - The financial statements were approved by the board of directors on November 11, 2022[12]. - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM listing rules[79]. - The company has adopted the principles and code provisions of the corporate governance code as per GEM Listing Rules Appendix 15, with compliance noted for the nine months ending September 30, 2022, except for the separation of roles between the Chairman and CEO[81]. - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and policies adopted by the group and confirmed that the financial performance for the nine months ending September 30, 2022, complies with applicable standards and regulations[85]. Market Conditions and Future Outlook - The company plans to maintain growth in the industry, enhance competitiveness, and expand market share in Singapore, while cautiously approaching expansion plans due to global trade uncertainties[59]. - The ongoing impact of COVID-19 continues to affect the company's operations, with management unable to quantify the full financial impact at this time[78]. - The company continues to monitor market conditions and customer needs to adapt its service offerings accordingly[57]. - The company continues to monitor the evolving COVID-19 situation and assess ongoing developments[78]. Shareholding Structure - As of September 30, 2022, Mr. Cai Jianglin holds 64,605,000 shares, representing 7.74% of the company's total shares[63]. - Ventris Global Limited, controlled by Mr. Cai, owns 58,205,000 shares, accounting for 6.98% of the company[68]. - Mr. Dai Wangfei and Mr. Wang Hufei hold 79,000,000 shares (9.47%) and 209,345,000 shares (25.11%) respectively, as significant shareholders[68]. - The company has granted a total of 74,624,000 stock options, which represents approximately 8.95% of the total issued shares as of September 30, 2022[72]. Other Information - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[77]. - No significant acquisitions or disposals of subsidiaries, associates, or joint ventures occurred during the reporting period[75].
春能控股(08430) - 2022 Q3 - 季度财报