Financial Performance - Total revenue for the six months ended December 31, 2022, was SGD 5,616,939, a decrease of 9.8% compared to SGD 6,223,353 for the same period in 2021[10] - The company reported a net loss of SGD 594,752 for the six months ended December 31, 2022, compared to a profit of SGD 200,964 for the same period in 2021[10] - Basic and diluted loss per share for the six months ended December 31, 2022, was SGD (0.23), compared to earnings of SGD 0.09 in the same period of 2021[10] - Total comprehensive loss for the six months ended December 31, 2022, was SGD 599,893, a significant decline from a comprehensive income of SGD 212,308 in the previous year[10] - The company reported a net loss of SGD 541,904 for the six months ended December 31, 2022, compared to a loss of SGD 1,685,280 for the previous year[13] - The company reported a loss attributable to equity holders of approximately SGD 0.5 million for the six months ended December 31, 2022, compared to a profit of approximately SGD 0.2 million for the same period in 2021[64] Revenue Breakdown - Total revenue for the six months ended December 31, 2022, was SGD 5,616,939, with SGD 3,873,656 from bakery products and SGD 1,743,283 from restaurant operations[24] - The group experienced a decrease in revenue from bakery products, which was SGD 4,155,109 for the six months ended December 31, 2021, compared to SGD 3,873,656 for the same period in 2022, representing a decline of approximately 6.8%[28] - For the three months ended December 31, 2022, total revenue was SGD 2,897,667, with SGD 2,265,189 from bakery products and SGD 632,478 from restaurant operations[26] - Revenue from external customers for Singapore increased to SGD 2,621,900 in Q4 2022 from SGD 2,423,103 in Q4 2021, representing an 8.2% growth[36] - Revenue from external customers for China decreased to SGD 275,777 in Q4 2022 from SGD 307,705 in Q4 2021, a decline of 10.4%[36] Cost Management - Employee benefit expenses decreased by 18.4% to SGD 1,896,388 for the six months ended December 31, 2022, down from SGD 2,323,714 in the previous year[10] - The company experienced a significant reduction in the cost of materials, which fell by 17.3% to SGD 1,360,432 for the six months ended December 31, 2022, compared to SGD 1,646,966 in 2021[10] - The cost of materials and consumables amounted to SGD 1,360,432, while employee benefits cost was SGD 1,896,388 for the same period[24] - Total other expenses for the six months ended December 31, 2022, were SGD 1,345,802, slightly down from SGD 1,357,474 in the same period of 2021[42] Assets and Liabilities - Total assets decreased from SGD 10,765,522 to SGD 8,630,954, a decline of approximately 19.8%[11] - Cash and cash equivalents dropped significantly from SGD 2,270,293 to SGD 996,157, representing a decrease of about 56.2%[15] - Trade and other payables increased from SGD 2,740,793 to SGD 3,008,810, an increase of about 9.8%[11] - Non-current assets decreased from SGD 7,363,717 to SGD 5,823,053, a decline of approximately 20.9%[11] - The company's total liabilities decreased from SGD 10,146,974 to SGD 8,612,417, a reduction of about 15.1%[11] - The company’s equity attributable to owners decreased from SGD 639,784 to SGD 92,680, a decline of approximately 85.5%[13] Operational Strategy - The company plans to focus on cost management and operational efficiency to improve financial performance in the upcoming periods[10] - The company plans to enhance operational efficiency and explore opportunities to expand its customer base and market share[65] Corporate Governance - The company appointed a new compliance advisor, Fuqiang Financial Capital Limited, effective January 15, 2023[106] - The company changed its name from "Global Dining Holdings Limited" to "Global Uin Intelligence Holdings Limited" effective December 29, 2022[114] - The board of directors saw changes with Mr. Zhang appointed as CEO effective December 16, 2022[112] - The company is committed to maintaining high standards of corporate governance to foster trust among shareholders and stakeholders[122] - The board consists of four executive directors and three independent non-executive directors, ensuring adequate representation of shareholder interests[124]
环球友饮智能(08496) - 2023 - 中期财报