Company Overview - Global Uin Intelligence Holdings Limited reported its interim results for the six months ending December 31, 2023[2]. - The company is listed on the GEM board of the Hong Kong Stock Exchange, which is designed for small to medium-sized enterprises[7]. - The board of directors confirmed the accuracy and completeness of the information provided in the announcement[5]. - The interim report includes unaudited consolidated financial statements, including profit and loss, financial position, and cash flow statements[9]. - The company aims to provide relevant information in accordance with GEM listing rules[5]. - The announcement is available for public access on the GEM website and the company's official site[6]. - The company has a commitment to transparency and accountability in its reporting practices[5]. - The board consists of experienced executives and independent non-executive directors[11]. - The company is subject to higher investment risks due to its listing on the GEM board[7]. - The report emphasizes the importance of careful consideration before investing in GEM-listed companies[7]. Financial Performance - The company's revenue for the six months ended December 31, 2023, was SGD 3,856,287, a decrease of 31.3% compared to SGD 5,616,939 for the same period in 2022[14]. - The net loss for the period was SGD 240,563, representing a 59.5% improvement from a net loss of SGD 594,752 in the previous year[14]. - Total revenue from external customers reached SGD 3,856,287, with bakery products contributing SGD 2,513,956, restaurant operations SGD 1,069,645, and beverage vending machines SGD 272,686[26]. - The company reported a loss before tax of SGD 458,457 for the six months ended December 31, 2023, compared to a loss of SGD 541,904 in the same period of 2022[41]. - Total revenue decreased by approximately SGD 1.8 million or 31.3% to about SGD 3.9 million for the period, down from approximately SGD 5.6 million for the six months ended December 31, 2022[69]. Assets and Liabilities - Total assets increased to SGD 3,847,315 as of December 31, 2023, compared to SGD 2,705,400 as of June 30, 2023, reflecting a growth of 42.2%[15]. - The company's total liabilities amounted to SGD 8,736,908, up from SGD 7,344,189, marking an increase of 19.0%[15]. - Non-current assets as of December 31, 2023, were SGD 896,189, down from SGD 1,556,161 as of June 30, 2023[34]. - The total borrowings as of December 31, 2023, amount to SGD 282,579, a decrease from SGD 326,771 as of June 30, 2023[53]. - Trade payables as of December 31, 2023, are SGD 459,929, slightly up from SGD 455,461 as of June 30, 2023[56]. Cash Flow and Liquidity - Cash and cash equivalents rose significantly to SGD 1,415,826 from SGD 166,719, indicating a substantial increase in liquidity[15]. - Operating cash generated was SGD 950,781, a decrease of 18% from SGD 1,157,905 in the same period last year[19]. - Net cash from operating activities was SGD 926,279, down from SGD 1,157,905 year-on-year[19]. - Cash and bank balances increased to approximately SGD 1.4 million as of December 31, 2023, up from SGD 0.2 million as of June 30, 2023[82]. - Cash and cash equivalents increased by SGD 1,249,144, ending the period at SGD 1,415,826, compared to SGD 996,157 at the end of the previous period[19]. Employee and Operational Costs - Employee benefits costs decreased to SGD 1,415,225 from SGD 1,896,388, a reduction of 25.3% year-over-year[14]. - The company incurred a total of SGD 1,314,656 in employee benefits costs across its operations[26]. - Operating lease costs decreased by approximately SGD 0.8 million or 55.6% to about SGD 0.6 million for the period, down from approximately SGD 1.4 million for the six months ended December 31, 2022[74]. - Employee benefits costs decreased by approximately SGD 0.5 million or 25.4% to about SGD 1.4 million for the period, attributed to a reduction in workforce exceeding wage increases[73]. - The company had a total of 75 employees as of December 31, 2023, a decrease from 98 employees as of June 30, 2023[95]. Business Operations and Strategy - The company has three bakeries, one Japanese casual dining restaurant, and three Chinese casual dining restaurants in Singapore as of December 31, 2023[64]. - The number of bakeries in Singapore has been reduced to three due to high rental costs and ongoing losses[64]. - The company plans to explore opportunities in smart beverage vending machines and expand its existing bakery business in China[64]. - The company aims to explore new business partnerships and develop its operations in the Chinese market through its wholly-owned subsidiary, Anhui Qiu Tian Smart Technology Co., Ltd.[doc id='65']. - The company plans to continue monitoring and controlling rising operational costs due to inflation, expand into the Chinese market, and invest in new products and technologies to improve operational efficiency[66]. Shareholder and Governance - Major shareholders include China Youyin Technology Co., Ltd. and Uin Holdings Limited, each holding 75% of the company's shares[108][109]. - The company plans to issue a total of 48,000,000 subscription shares at a price of HKD 0.32 per share, which represents approximately 20% of the existing issued share capital[117]. - The total proceeds from the subscription are expected to be HKD 15,360,000, with a net amount of approximately HKD 15.36 million after related expenses[120]. - The company has complied with the corporate governance code except for the separation of the roles of Chairman and CEO, which the board believes enhances decision-making efficiency[111]. - The audit committee, consisting of three independent non-executive directors, has reviewed and approved the unaudited interim financial statements for the six months ending December 31, 2023[116]. Compliance and Reporting - The company has confirmed compliance with the GEM Listing Rules regarding directors' securities transactions throughout the reporting period[114]. - The company has not declared or paid any dividends during the reporting period[62]. - The company has not granted any options under its share option scheme since its adoption in April 2020[115]. - There were no overdue trade receivables as of December 31, 2023[46]. - The company has not engaged in any buybacks or sales of its listed securities during the period[102].
环球友饮智能(08496) - 2024 - 中期业绩