Company Overview - Global Dining Holdings Limited reported its unaudited consolidated results for the six months ended December 31, 2021[1]. - The company is listed on the GEM of the Hong Kong Stock Exchange under stock code 8496[9]. - The announcement aims to provide information in compliance with the GEM Listing Rules[2]. - The board of directors confirmed that the information provided is accurate and complete in all material aspects[2]. - The report includes unaudited consolidated financial statements, management discussion and analysis, and other relevant disclosures[5]. - The company operates in a high-risk investment environment typical of GEM-listed companies[4]. - The report is accessible on the GEM website and the company's website for further details[3]. Financial Performance - Revenue for the three months ended December 31, 2021, was SGD 2,730,808, a decrease of 34.4% compared to SGD 4,176,017 for the same period in 2020[11]. - Revenue for the six months ended December 31, 2021, was SGD 6,223,353, down 14.4% from SGD 7,275,179 for the same period in 2020[11]. - Other income for the three months ended December 31, 2021, increased to SGD 1,042,180, compared to SGD 273,254 in the same period of 2020[11]. - The net profit for the three months ended December 31, 2021, was SGD 64,994, a decrease of 73.8% from SGD 248,125 in the same period of 2020[11]. - The total comprehensive income for the six months ended December 31, 2021, was SGD 212,308, which includes a profit of SGD 205,394 and foreign exchange gains of SGD 11,344[20]. - The total operating loss for the six months ended December 31, 2021, was SGD 278,594, compared to a profit of SGD 868,660 for the same period in 2020[36]. - The company reported a pre-tax profit of SGD 200,297 for the six months ended December 31, 2021, compared to SGD 555,858 for the same period in 2020, indicating a decline of approximately 64.0%[36]. - The company reported a net loss of SGD 4,883,965 for the year ended June 30, 2021, and a further loss of SGD 6,997,069 as of June 30, 2021[17]. Assets and Liabilities - Total assets as of December 31, 2021, were SGD 15,021,445, down from SGD 17,195,016 as of June 30, 2021[14]. - Non-current assets decreased to SGD 10,206,965 from SGD 11,803,119 as of June 30, 2021[14]. - Current assets decreased to SGD 4,814,480 from SGD 5,391,897 as of June 30, 2021[14]. - Total equity increased to SGD 2,538,447 from SGD 2,326,139 as of June 30, 2021[14]. - Total liabilities decreased to SGD 12,482,998 from SGD 14,868,877 as of June 30, 2021[14]. - Cash and cash equivalents decreased to SGD 3,623,575 as of December 31, 2021, down from SGD 5,960,464 at the end of 2020[20]. - Trade receivables as of December 31, 2021, were SGD 2,409,408, up from SGD 2,094,106 as of June 30, 2021, an increase of 15.0%[58]. - Bank borrowings as of December 31, 2021, amounted to SGD 739.13 million, a decrease from SGD 920.48 million as of June 30, 2021, reflecting a reduction of approximately 19.7%[70]. - Trade payables increased to SGD 1,215.57 million as of December 31, 2021, from SGD 841.49 million as of June 30, 2021, representing a rise of approximately 44.5%[75]. Revenue Segmentation - The bakery segment contributed SGD 4.16 million, accounting for 66.8% of total revenue, while the Japanese casual dining segment generated SGD 806,914, representing 13.0% of total revenue[88]. - The revenue from bakery products for the six months ended December 31, 2021, was SGD 4,155,109, down from SGD 5,033,063 in the previous year, indicating a decrease of about 17.4%[34]. - The restaurant operations segment reported a revenue of SGD 2,055,629 for the six months ended December 31, 2021, compared to SGD 2,149,772 in the same period of 2020, reflecting a decline of approximately 4.4%[32]. Operational Insights - The company operates through three segments: sales of baked goods, restaurant operations, and beverage kiosks[30]. - The group operated 24 bakeries and 11 casual dining restaurants as of December 31, 2021, compared to 21 bakeries and 10 casual dining restaurants in 2020, indicating an increase in the number of outlets[86]. - The company has suspended its central kitchen food business operations as of October 28, 2021, impacting revenue generation[86]. - The company opened three "Proofer" bakeries and two "Yuba Hut" restaurants as part of its expansion strategy[132]. Future Outlook and Strategy - The group plans to actively explore opportunities to expand its customer base and market share, aiming to enhance shareholder value[85]. - The group is focused on improving operational efficiency and business profitability, with a commitment to resource allocation for process improvements[85]. - The group aims to accelerate the implementation of its expansion plans and new concepts announced on June 23, 2021, indicating a proactive approach to market growth[85]. Human Resources and Management - The company emphasizes competitive compensation to attract qualified candidates, with regular reviews of its human resources policies[125]. - The company has successfully hired an operations manager, three pastry chefs, and three chefs to support its operations and new bakery openings[132]. Shareholder Information - As of December 31, 2021, major shareholders AA Food, Aris Goh, and Anita Chia each hold 153,000,000 shares, representing 63.75% ownership in the company[143]. - Dunman Capital Global Limited, owned entirely by Mr. Yang, holds 27,000,000 shares, accounting for 11.25% of the company's equity[144]. Corporate Governance - The audit committee, established on April 24, 2020, consists of three independent non-executive directors and is responsible for reviewing financial statements and internal controls[152]. - The company changed its English name from "Singapore Food Holdings Limited" to "Global Dining Holdings Limited" on January 17, 2022[153].
环球友饮智能(08496) - 2022 Q2 - 季度业绩