Financial Performance - Revenue for the nine months ended September 30, 2022, was SGD 76,455,000, an increase of 31.8% compared to SGD 58,001,000 for the same period in 2021[4] - Gross profit for the nine months ended September 30, 2022, was SGD 6,640,000, representing a 19.1% increase from SGD 5,575,000 in the previous year[4] - Operating profit for the nine months ended September 30, 2022, was SGD 1,801,000, up 47.8% from SGD 1,218,000 in 2021[4] - Profit for the period for the nine months ended September 30, 2022, was SGD 1,397,000, a significant increase of 62.5% compared to SGD 860,000 in the same period last year[4] - Basic and diluted earnings per share for the nine months ended September 30, 2022, were SGD 0.23, compared to SGD 0.14 for the same period in 2021, reflecting a 64.3% increase[6] - Total comprehensive income for the nine months ended September 30, 2022, was SGD 1,413,000, compared to SGD 810,000 in the previous year, indicating a growth of 74.4%[6] - The company reported a pre-tax profit of SGD 6.736 million for the nine months ended September 30, 2022, compared to SGD 5.575 million for the same period in 2021, representing an increase of 20.8%[28] - Profit for the nine months ended September 30, 2022, was approximately SGD 1.4 million, an increase of approximately SGD 0.5 million or 62.4% compared to SGD 0.9 million for the same period in 2021[52] Revenue Breakdown - For the nine months ended September 30, 2022, the total revenue from human resource outsourcing services was SGD 75.547 million, an increase of 31.7% compared to SGD 57.390 million for the same period in 2021[24] - Revenue from human resource recruitment services for the nine months ended September 30, 2022, was SGD 0.870 million, up 50.3% from SGD 0.579 million in the previous year[24] - The total service income for the nine months ended September 30, 2022, was SGD 76.455 million, which includes various human resource support services[24] - Revenue from a major client accounted for over 10% of total revenue, with SGD 33.668 million generated from Client A for the nine months ended September 30, 2022, compared to SGD 10.583 million in the previous year[22] Expenses and Costs - Administrative expenses for the nine months ended September 30, 2022, were SGD 5,005,000, an increase from SGD 4,606,000 in the previous year, reflecting a rise of 8.6%[4] - The total employee costs for the nine months ended September 30, 2022, were SGD 73.264 million, an increase of 32.0% from SGD 55.498 million in the previous year[28] - Service costs increased by approximately SGD 17.4 million or 33.2% to approximately SGD 69.8 million, with labor costs rising by approximately SGD 17.8 million or 33.5%[46] Equity and Financial Position - The company’s total equity as of September 30, 2022, was SGD 18,803,000, up from SGD 15,864,000 as of January 1, 2022, representing an increase of 18.5%[8] - The group had cash and bank balances of approximately SGD 13.2 million as of September 30, 2022, compared to approximately SGD 10.5 million as of December 31, 2021[56] Corporate Governance and Compliance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by Mr. Zhou[78] - The Audit Committee was established on June 21, 2017, in accordance with GEM listing rules, consisting of three independent non-executive directors[83] - The Audit Committee reviewed the unaudited consolidated financial statements for the nine months ended September 30, 2022, and confirmed compliance with applicable accounting standards and GEM listing rules[83] - The independent auditor for the company is Guo Wei Accounting Firm Limited, ensuring transparency in financial reporting[85] Business Strategy and Outlook - The company continues to focus on expanding its human resource outsourcing and recruitment services, aiming for further growth in the upcoming quarters[11] - The company is optimistic about economic recovery in Singapore, anticipating continued growth in employment rates, particularly in technology-related positions[43] - The company is actively exploring new business opportunities to expand its operations in different regions, aiming for sustainable business growth[43] - The company continues to adjust its business diversification strategies to mitigate potential risks in the market[43] Shareholder Information - As of September 30, 2022, Mr. Zhou Zhi Jian and Ms. Xiong Yue Han each hold 288,000,000 shares, representing 48.00% of the company's issued share capital[68] - Mr. Lin Dao Ji holds 2,540,000 shares, which is 0.42% of the company's issued share capital[68] - Omnipartners Holdings Limited, a beneficial owner, also holds 288,000,000 shares, equating to 48.00% of the company's issued share capital[71] - No other directors or key executives hold any shares or related securities that require disclosure under the Securities and Futures Ordinance as of September 30, 2022[70] Risk Management - The company believes that risk management practices are crucial to effectively mitigate operational and financial risks[75] - The board has not identified any business or interests that could directly or indirectly compete with the group's operations as of September 30, 2022[74] Other Information - The company did not declare any dividends for the nine months ended September 30, 2022, consistent with the previous year[33] - The company has not reported any significant events after the reporting period[41] - The company has not purchased, sold, or redeemed any of its listed securities during the nine months ended September 30, 2022[80] - The company has adopted a share option scheme effective for ten years, allowing for the issuance of up to 60,000,000 shares, which is 10% of the issued shares[82] - No share options have been granted since the adoption of the scheme, and there are no unexercised options as of September 30, 2022[82]
中安控股集团(08462) - 2022 Q3 - 季度财报