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Public company info - C-Link Squared Limited , 01463.HK
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C-Link Squared Limited, 01463.HK - Company Profile
Chairman Ling Sheng Hwang
Share Issued (share) 800,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Other Support Services
Corporate Profile Business Summary: The group is a Malaysian-based outsourced document management services provider and related software application and enterprise software solutions developer. Performance for the year: During the year of 2019, the Group’s Group recorded an increase in revenue by 6.6% from approximately RM67.1 million for the year ended 31 December 2018 to approximately RM71.5 million for the year ended 31 December 2019. The Group’s gross profit increased by approximately RM2.9 million or 10.8% from approximately RM26.7 million for the year ended 31 December 2018 to approximately RM29.6 million for the year ended 31 December 2019. The Group’s gross profit margin increased by approximately 1.6% from approximately 39.8% for the year ended 31 December 2018 to approximately 41.4% for the year ended 31 December 2019. Business Review： During the year of 2019, the Group’s Group recorded an increase in revenue by 6.6% from approximately RM67.1 million for the year ended 31 December 2018 to approximately RM71.5 million for the year ended 31 December 2019. The increase was mainly due to increase in revenue generated from the provision of enterprise software solutions from approximately RM1.9 million for the year ended 31 December 2018 to approximately RM7.0 million for the year ended 31 December 2019. The Group’s gross profit increased by approximately RM2.9 million or 10.8% from approximately RM26.7 million for the year ended 31 December 2018 to approximately RM29.6 million for the year ended 31 December 2019. The Group’s gross profit margin increased by approximately 1.6% from approximately 39.8% for the year ended 31 December 2018 to approximately 41.4% for the year ended 31 December 2019. The increase in gross profit and gross profit margin was mainly attributable to: (i) significant increase in provision of enterprise software solution services to the Group’s customers which have higher gross profit margin; and (ii) increase in provision of electronic services such as electronic statements and delivery services and decrease of printing and mail fulfillment services provided to the Group’s customers under outsourced document management services due to the ongoing trend of the greater adoption of document digitalisation within enterprises. Electronic services generally have higher gross profit margin as the process is highly automated using streamline applications while more cost was involved in printing and mail fulfillment services such as postage charges and materials. The Group’s profit for the year increased by approximately RM1.3 million or 10.8% from approximately RM11.8 million for the year ended 31 December 2018 to approximately RM13.1 million for the year ended 31 December 2019 which mainly due to the aforesaid reasons net off by the recognition of one-off listing expenses totalled approximately RM26.6 million, of which RM3.5 million (2018: RM4.0 million) have impacted the profit or loss of the Group for the year ended 31 December 2019. These expenses are significant and have heavily impacted the Group’s results for the years ended 31 December 2018 and 2019. Prospects: With the outbreak of coronavirus pandemic (“COVID-19”), Malaysia has taken preventive measure, the Movement Control Order (“MCO”) on 18 March 2020, thus a movement control was implemented throughout the country with the closure of all government and private premises except those involved in essential services. However, as the Group are involved in essential services, the Group moved swiftly to address staff health and safety, and operational and supply chains matters to enable us to continue to operate effectively throughout the MCO period. As there is opportunity in every challenge, the Group aim to turn this into an opportunity to increase the Group’s market share by providing the best services to the Group’s customers.

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