Financial Performance - For the three months ended September 30, 2022, the revenue was SGD 8,847,000, representing an increase of 17.5% compared to SGD 7,534,000 for the same period in 2021[6]. - The gross profit for the nine months ended September 30, 2022, was SGD 5,984,000, up 11.2% from SGD 5,383,000 in the previous year[6]. - The net loss for the three months ended September 30, 2022, was SGD 247,000, compared to a profit of SGD 1,365,000 in the same period of 2021[6]. - The total comprehensive income for the nine months ended September 30, 2022, was SGD 1,683,000, down from SGD 1,653,000 in the previous year[6]. - For the nine months ended September 30, 2022, the company reported sales of SGD 25,471,000, an increase of 16.5% compared to SGD 21,921,000 for the same period in 2021[17]. - The company reported a loss attributable to owners of SGD 652,000 for the nine months ended September 30, 2022, compared to a profit of SGD 1,654,000 in the same period of 2021[22]. - For the nine months ended September 30, 2022, the company recorded a loss of approximately SGD 0.6 million, compared to a profit of approximately SGD 1.7 million for the same period in 2021[30]. Costs and Expenses - The company incurred financing costs of SGD 278,000 for the nine months ended September 30, 2022, a decrease of 41.2% from SGD 473,000 in the same period of 2021[6]. - Selling and distribution costs increased by approximately SGD 1.0 million or about 69.1% to approximately SGD 2.3 million for the nine months ended September 30, 2022, due to higher advertising and promotional expenses[36]. - Administrative and other operating expenses decreased by approximately SGD 0.4 million or about 9.0% to approximately SGD 4.4 million for the nine months ended September 30, 2022[37]. - Cost of sales rose by approximately SGD 3.0 million or about 17.8% to approximately SGD 19.5 million for the nine months ended September 30, 2022, from approximately SGD 16.5 million for the same period in 2021[34]. Shareholder Information - The total equity attributable to the owners of the company as of September 30, 2022, was SGD 21,891,000, compared to SGD 23,183,000 at the end of the previous year[8]. - As of September 30, 2022, the total number of issued shares was 83,092,000, with significant shareholders holding 12.73% and 10.16% respectively[46]. - Major shareholders include Mr. Chen with 10,575,000 shares (12.73%) and Mr. Ni with 8,445,000 shares (10.16%) as of September 30, 2022[46]. - The company does not recommend any dividend payment for the nine months ended September 30, 2022, consistent with the previous year[27]. Stock Options and Incentive Plans - The stock option plan adopted on August 30, 2017, aims to attract and retain qualified individuals by granting stock options[53]. - As of September 30, 2022, there were 1,580,000 unexercised stock options remaining under the plan[56]. - The stock options granted to directors and employees totaled 6,320,000, with 1,580,000 options remaining unexercised[54]. - The company adopted a share incentive plan on September 14, 2021, aimed at rewarding and retaining qualified participants contributing to the group's growth[58]. - As of September 30, 2022, the trustee had utilized approximately HKD 4,556,000 to purchase 5,795,000 shares under the incentive plan[60]. - No incentive shares were granted under the plan as of September 30, 2022[60]. Compliance and Governance - The company has complied with the corporate governance code as per GEM listing rules during the nine months ending September 30, 2022[62]. - The audit committee reviewed the third quarterly report and unaudited consolidated financial statements for the nine months ending September 30, 2022, ensuring compliance with applicable accounting standards[65]. Future Outlook - The company remains optimistic about future growth despite challenges posed by COVID-19 and international trade conflicts, focusing on brand promotion and exploring diverse opportunities[31].
COOL LINK(08491) - 2022 Q3 - 季度财报