Financial Performance - For the three months ended March 31, 2022, the revenue was SGD 8,228,000, an increase of 14.9% compared to SGD 7,160,000 in the same period of 2021[4] - The gross profit for the same period was SGD 2,224,000, representing a gross margin of 27.0%, up from SGD 1,723,000 in 2021[4] - The net loss for the period was SGD 185,000, compared to a profit of SGD 884,000 in the previous year, indicating a significant decline in profitability[4] - Basic and diluted loss per share was SGD (0.31), compared to earnings per share of SGD 2.78 in the same quarter of 2021[4] - The total comprehensive income for the period was SGD 884,000, down from SGD 885,000 in the previous year[6] - Financing costs decreased by approximately SGD 49,000 or 35.0% to approximately SGD 91,000 for the three months ended March 31, 2022, primarily due to the redemption of some promissory notes[30] - Other income decreased significantly from SGD 1.3 million in the previous year to SGD 145,000, mainly due to the absence of one-time gains from the sale of investment properties[12] - Sales and distribution costs increased by approximately SGD 0.3 million or 59.4% to approximately SGD 0.8 million, attributed to higher advertising and promotional expenses[27] - Administrative and other operating expenses slightly increased by approximately SGD 82,000 or 5.2% to approximately SGD 1.7 million[29] - The company did not recommend any dividend for the three months ended March 31, 2022, consistent with the previous year[18] Shareholder Information - The total equity attributable to the owners of the company as of March 31, 2022, was SGD 19,577,000, compared to SGD 17,706,000 at the same time last year[6] - The company invested approximately SGD 791,000 to purchase 5,795,000 ordinary shares under its share award scheme[6] - As of March 31, 2022, Mr. Chan Siu Yi holds 9,785,000 shares, representing approximately 14.84% of the company's equity, while Mr. Ni Chao Xiang holds 7,655,000 shares, representing approximately 11.61%[36] - Major shareholders include Ms. Yang Lian Na with 5,310,000 shares (8.05%) and Ma You Cheng Investment Limited with 5,795,000 shares (8.79%) as of March 31, 2022[40] Corporate Governance - The company has maintained high standards of corporate governance to protect shareholder interests and enhance corporate value[49] - The audit committee has reviewed the unaudited consolidated financial statements for the three months ended March 31, 2022, confirming compliance with applicable accounting standards and GEM listing rules[52] - All directors have confirmed adherence to the trading standards and code of conduct for securities transactions during the reporting period[51] Future Outlook - The company remains optimistic about future growth despite challenges posed by the COVID-19 pandemic and international trade conflicts, focusing on brand promotion and quality products[22] Compliance and Reporting - The financial statements were prepared in accordance with the applicable Hong Kong Financial Reporting Standards, ensuring compliance and transparency[10] - There were no significant investments, acquisitions, or disposals of subsidiaries or associated companies during the period[35] Share Placement - The company successfully placed 7,632,000 new shares at a price of HKD 0.75 per share, raising approximately HKD 5.58 million for general working capital[32] - As of the report date, the net proceeds from the share placement have been fully utilized for the intended purpose[33] Contingent Liabilities - Contingent liabilities related to performance guarantees issued to suppliers amounted to SGD 950,000 as of March 31, 2022, compared to SGD 925,000 in the previous year[19] Share Option and Award Schemes - The company adopted a share option scheme in August 2017, with no options granted, exercised, expired, or cancelled during the three months ended March 31, 2022[44] - The company initiated a share award scheme on September 14, 2021, with the trustee purchasing approximately 5,795,000 shares for about HKD 4.56 million, but no award shares were granted under the scheme as of March 31, 2022[45]
COOL LINK(08491) - 2022 Q1 - 季度财报