Financial Performance - For the fiscal year ending June 30, 2022, ISP Global Limited achieved sales revenue of SGD 20.2 million, representing a significant increase compared to the previous fiscal year[26]. - The company's revenue for the fiscal year was approximately SGD 20.2 million, an increase of about SGD 10.1 million compared to SGD 10.1 million for the previous fiscal year, reflecting a growth driven by business diversification[82]. - Revenue from the Network, Sound, and Communication Systems segment was approximately SGD 17.9 million, accounting for about 88.9% of total revenue, a significant increase from SGD 7.0 million (68.7% of total revenue) in the previous year[84]. - E-commerce operations generated revenue of SGD 2.2 million, a decline of 29.7% from SGD 3.2 million in the previous year, primarily due to decreased consumer spending in mainland China caused by COVID-19[87][88]. - The company recorded a total comprehensive loss attributable to owners of approximately 4.7 million Singapore dollars for the year, compared to a loss of about 0.4 million Singapore dollars in the previous year, mainly due to high initial and ongoing operational costs in new markets[101]. E-commerce Operations - The company expanded its e-commerce operations in China, establishing partnerships with 14 brands and opening 27 stores on major platforms such as Tmall, JD.com, and Pinduoduo[31]. - The e-commerce sector is projected to exceed RMB 2 trillion by 2025, indicating substantial growth potential for ISP Global Limited's operations in this area[31]. - ISP Global Limited plans to focus on brand expansion, e-commerce platform development, and team building as key strategies for its e-commerce division[31]. - The brand e-commerce operation service market is crucial for enhancing brand influence and optimizing marketing strategies through precise consumer analysis[56]. - E-commerce operation service providers act as a bridge between brands, e-commerce platforms, and consumers, creating a dynamic ecosystem that adds value to all parties involved[56]. Market Trends and Growth Potential - The Chinese government is expected to invest between 15-20 trillion yuan in digital economy-related initiatives over the next five years, providing a favorable environment for the company's network and communication system services[34]. - The live e-commerce market in China reached RMB 1.2 trillion in 2020, with a staggering year-on-year growth rate of 197.0%, and is expected to exceed RMB 4.9 trillion by 2023[71]. - The Chinese brand e-commerce service market size exceeded RMB 200 billion in 2019, with a year-on-year growth rate of 37.1%, reaching RMB 300 billion in 2021 and projected to reach RMB 366.32 billion in 2022[60]. Operational Strategies - The company aims to maintain direct relationships with healthcare and education sectors in Singapore, leveraging its expertise in public sector project bidding[32]. - The company aims to expand its influence in the railway and banking sectors by enhancing service capabilities and negotiating better prices with upstream network equipment suppliers, targeting significant growth in the coming years[34]. - The company plans to focus on strengthening partnerships with JD.com while also collaborating with Tmall, Taobao, and Pinduoduo, and has introduced strategic partners with rich private traffic[73]. - The company aims to optimize its operational structure to enhance team efficiency and capabilities through personnel recruitment and internal training[73]. Environmental and Social Responsibility - The company aims to reduce greenhouse gas emissions intensity by 5% per million SGD in sales revenue over the next three years compared to the current year's levels[158]. - The company has set a target to reduce electricity and paper consumption per employee by 25% by 2025[168]. - The company encourages employees to use communication tools to reduce indirect greenhouse gas emissions from business travel, which amounted to 6.48 tons of CO2 in 2021/22[161]. - The company has complied with all relevant environmental laws and regulations in Singapore and China during the fiscal year[168]. Workforce and Talent Development - The company employed a total of 151 employees as of June 30, 2022, which includes 148 full-time employees (up from 102 in 2021) and 3 part-time employees (up from 2 in 2021)[198]. - The company emphasizes equal opportunities in recruitment, selection, compensation, training, evaluation, and career development, free from discrimination based on gender, age, race, nationality, marital status, and religion[196]. - The company conducts annual performance evaluations to assess employee performance and provide recognition and rewards based on individual contributions[196]. - The company is focused on talent development as part of employee career progression[197].
ISP GLOBAL(08487) - 2022 - 年度财报