财务数据显示，截至2024年12月31日，川控股实现营业总收入7.65亿元，同比增长18.97%；归母净利润 4332.15万元，同比增长150.88%；毛利率13.19%，资产负债率46.14%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 5月22日，截至港股收盘，恒生指数下跌1.19%，报23544.31点。川控股（01420.HK）收报0.104港元/ 股，上涨9.47%，成交量2.8万股，成交额2880港元，振幅8.42%。 最近一个月来，川控股累计跌幅26.92%，今年来累计跌幅4.04%，跑输恒生指数18.78%的涨幅。 行业估值方面，建筑行业市盈率（TTM）平均值为10.63倍，行业中值1.51倍。川控股市盈率2.57倍，行 业排名第7位；其他浦江国际（02060.HK）为1.01倍、饮食天王(环球)（08619.HK）为1.39倍、中国管 业（00380.HK）为1.5倍、进升集团控股（01581.HK）为1.51倍、靛蓝星（08373.HK）为1.58倍。 资料显示，川控股有限公司为新加坡建筑业提供土方工程服务已有逾20年经验,根据欧睿报告,于2014年, 本公司为新加坡建筑业五大 ...

Financial Performance - Revenue for the fiscal year ended December 31, 2024, reached SGD 143.75 million, a 19% increase from SGD 120.83 million in 2023[7] - Net profit attributable to shareholders increased to SGD 8.14 million in 2024, compared to SGD 3.25 million in 2023, representing a 150% growth[7] - Total assets as of December 31, 2024, amounted to SGD 191.50 million, a significant increase from SGD 121.69 million in 2023[8] - Total equity increased to SGD 103.15 million in 2024, up from SGD 92.09 million in 2023, indicating strong financial health[8] - Basic earnings per share rose to 0.64 Singapore cents in 2024, compared to 0.31 Singapore cents in 2023[7] - The group achieved a revenue increase of approximately 19.0%, reaching about SGD 143.7 million, with net profit attributable to shareholders soaring by approximately 150.9% to about SGD 8.1 million[13] - The group reported a revenue of approximately SGD 143.8 million for the fiscal year, a significant increase of about 19.0% year-on-year[32] - The gross profit surged approximately 120.7% to about SGD 19.0 million, with a gross margin increase to approximately 13.2% from 7.1% in the previous year[50] - The net profit attributable to owners was approximately SGD 8.1 million for the year ending December 31, 2024, representing a significant increase of about 150.9% compared to approximately SGD 3.2 million for the year ending December 31, 2023[59] - The net profit margin improved to approximately 5.7% for the year ending December 31, 2024, up from approximately 2.7% for the year ending December 31, 2023[59] Operational Developments - The company successfully acquired Hulett Construction, enhancing its operational capabilities and establishing a recurring rental income source[12] - The group secured a record 29 projects with an estimated total contract value of approximately SGD 178.8 million, demonstrating its growing influence in Singapore's infrastructure sector[14] - The group has strategically implemented advanced cost management ecosystems to maximize resource utilization while adhering to high-quality standards[15] - The group successfully integrated Hulett Construction, enhancing its capabilities in labor accommodation and regulatory compliance, while strategically entering the high-potential property investment sector[19] - The group has implemented a series of strategic initiatives to optimize operational efficiency and reduce reliance on subcontractors[32] - The group is focusing on large infrastructure projects and enhancing operational flexibility through significant investments in digital transformation[29] - The group has established a robust framework for project post-evaluation and integrated data-driven insights for strategic bidding pricing[32] - The group has achieved A2 contractor status under the Building and Construction Authority, enhancing its capability to undertake large, high-value projects[34] Sustainability and Environmental Commitment - The company plans to install solar panel infrastructure in its dormitory facilities, reflecting its commitment to sustainable operations[12] - The commitment to sustainability is a fundamental pillar of the group's growth strategy, showcasing leadership in eco-friendly practices through the installation of high-efficiency solar panel arrays[16] - The group is committed to sustainable development and automation technologies, integrating advanced photovoltaic systems and robotic systems into large infrastructure projects[46] - The group has adopted an environmental management policy to minimize the impact of its construction activities on the environment[193] - The group is committed to environmental protection and sustainable development in its operations[192] Market and Industry Insights - The construction industry in Singapore demonstrated remarkable resilience in 2024, achieving a substantial real growth of 3.3%, with total construction demand reaching a record S$44.2 billion, significantly exceeding the revised mid-year forecast of S$35 billion[25] - Property investment sales in Singapore reached S$26.6 billion in 2024, marking a significant increase of 32.5% compared to the previous year[27] - The construction sector in Singapore is expected to see actual construction demand reach between SGD 35 billion and SGD 39 billion, reflecting a significant increase of 0.3% to 11.7% compared to pre-pandemic levels[43] - The actual output of the construction industry is anticipated to be between SGD 30 billion and SGD 32 billion, slightly above 2019 levels[43] - The value of awarded construction contracts is projected to be between SGD 47 billion and SGD 53 billion, a notable increase from the estimated SGD 44.2 billion in 2024[43] Governance and Management - The company adheres to good corporate governance practices, ensuring transparency and accountability in its operations to protect shareholder interests[99] - The board of directors is responsible for overseeing the company's governance and strategic direction, ensuring alignment with the company's culture and long-term objectives[102] - The company has complied with all applicable corporate governance codes throughout the year, with ongoing monitoring and review of governance practices[101] - The board consists of seven members, including four executive directors and three independent non-executive directors, ensuring a balanced composition for effective decision-making[106] - The company maintains a diverse board with a mix of skills, experiences, and backgrounds, reviewing its composition annually to meet business needs[108] - The board has established a mechanism to ensure independent viewpoints and opinions are obtained, with a review of its implementation and effectiveness conducted annually[110] - The company has a robust risk management and internal control system in place, reviewed regularly by the board[129] - The audit committee reviewed the group's financial information and monitored the financial reporting system, risk management, and internal control systems[134] Employee and Talent Management - The total employee costs for the year ending December 31, 2024, amounted to approximately SGD 29.2 million, an increase from SGD 25.4 million in 2023[82] - The group has a total of 610 employees as of December 31, 2024, up from 574 employees in 2023[82] - The comprehensive talent management approach aims to enhance operational strength and adaptability in a changing industry environment[48] - The company encourages directors to attend seminars and training for continuous professional development to enrich their knowledge and skills[116] Financial Management and Risks - The company has implemented advanced design technologies and prefabrication techniques to enhance operational efficiency and sustainability[36] - The company has established arrangements for employees to report concerns about financial reporting and internal controls[134] - The company has adopted a zero-tolerance policy towards corruption, bribery, money laundering, and fraud, providing guidelines for all levels of directors, senior personnel, and employees[168] - The audit committee has confirmed the effectiveness of the company's risk management and internal control systems for the year, including environmental, social, and governance risks[170] Shareholder Relations - The company emphasizes high transparency to enhance investor relations and believes in timely and accurate disclosure of information to enable informed investment decisions[177] - The company has adopted a dividend policy since January 1, 2019, allowing for annual dividends if the group is profitable and operationally stable, subject to shareholder approval[181] - The board will review the dividend policy periodically to align with the group's future prospects and funding needs[182] - The company plans to hold its annual general meeting on May 31, 2024, where audited consolidated financial statements for the fiscal year ending December 31, 2023, will be presented[185]

Chuan Holdings Limited 川控股有限公司 * （於開曼群島註冊成立的有限公司） （股份代號：1420） 截至2024年12月31日止年度之 年度業績公告 川控股有限公司（「本公司」）董事（「董事」)會（「董事會」）欣然宣佈本公司及其 附屬公司（統稱「本集團」）截至2024年12月31日止年度（「本年度」或「報告年度」 或「2024年」）的年度業績。 整體表現 憑藉跨越逾二十年的輝煌歷史，本集團已成為新加坡最傑出及最值得信賴的 土方工程承建商之一，以堅定不移地追求每一項工程的卓越而著稱。本集團 令人羨慕的聲譽源自於其以堅守道德商業常規及卓越工藝為基礎，始終如一 地提供及時、可靠、優質的服務。對安全規程及監管合規的堅定承諾乃本集團 營運精神的核心，展現出本集團在整個項目組合中對維持最高行業標準的高 度關注。透過對細節的一絲不苟，對嚴格品質規程的遵循，以及對卓越營運的 不懈追求，本集團繼續訂立行業基準，同時在信任及所展現能力的基礎上培 養持久的客戶關係。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was SGD 63,505 thousand, a decrease of 4.8% from SGD 66,756 thousand in the same period of 2023[4] - Gross profit increased to SGD 7,033 thousand, compared to SGD 4,238 thousand in the previous year, reflecting a significant improvement in profitability[4] - Net profit attributable to owners for the period was SGD 2,371 thousand, up 36.4% from SGD 1,739 thousand in the prior year[4] - The company reported a basic earnings per share of 0.19 cents, up from 0.17 cents in the previous year[4] - The company reported a profit of SGD 2,371,000 for the six months ended June 30, 2024, compared to SGD 1,739,000 for the same period in 2023, indicating a year-over-year increase of approximately 36.4%[8] - The company reported a pre-tax profit of SGD 3,226,000 for the six months ended June 30, 2024, compared to SGD 2,278,000 for the same period in 2023, marking an increase of approximately 41.7%[20] - The company reported a net expected credit loss provision of SGD 1,268,000 as of June 30, 2024, up from SGD 1,175,000 as of December 31, 2023[12] - The company’s income tax expense for the six months ended June 30, 2024, was SGD 855,000, compared to SGD 539,000 in the same period of 2023, reflecting an increase of approximately 58.5%[29] - The company’s diluted earnings per share for the six months ended June 30, 2024, was SGD 0.00176, up from SGD 0.00168 in the same period of 2023[31] Assets and Liabilities - Total assets as of June 30, 2024, amounted to SGD 193,305 thousand, an increase from SGD 121,685 thousand as of December 31, 2023[5] - Non-current assets rose significantly to SGD 111,478 thousand from SGD 45,214 thousand, indicating substantial investment in long-term assets[5] - Current liabilities increased to SGD 45,221 thousand, compared to SGD 26,075 thousand at the end of 2023, reflecting higher operational costs[6] - The total equity attributable to owners increased to SGD 97,381 thousand from SGD 92,088 thousand, indicating a strengthening financial position[6] - The company’s total liabilities as of June 30, 2024, were SGD 95,924,000, compared to SGD 29,597,000 as of December 31, 2023, indicating an increase of approximately 224.5%[22] - The total reportable segment assets as of June 30, 2024, amounted to SGD 129,128,000, significantly up from SGD 59,966,000 as of December 31, 2023, indicating an increase of approximately 115.5%[21] - The total reportable segment liabilities as of June 30, 2024, were SGD 81,868,000, compared to SGD 18,950,000 as of December 31, 2023, reflecting an increase of approximately 331.5%[22] Cash Flow and Investments - The net cash flow from operating activities for the six months ended June 30, 2024, was SGD 5,756,000, a decrease of 30.5% compared to SGD 8,322,000 for the same period in 2023[9] - The company incurred a net cash outflow from investing activities of SGD 44,907,000 for the six months ended June 30, 2024, compared to a net cash outflow of SGD 9,738,000 for the same period in 2023[9] - Cash and cash equivalents at the end of June 30, 2024, were SGD 27,140,000, up from SGD 19,810,000 at the end of June 30, 2023, representing a growth of approximately 36.7%[9] - The company has committed to capital expenditures of SGD 3,660,000 for the acquisition of property, plant, and equipment as of June 30, 2024, compared to SGD 1,830,000 as of December 31, 2023[45] Operational Highlights - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[4] - The company’s total revenue from external customers is segmented into three main divisions: earthworks and related services, general construction, and property leasing and management[18] - The earthworks and ancillary services segment contributed approximately 70.0% of total revenue, amounting to about SGD 45.0 million, an increase from approximately SGD 41.5 million in the previous year[62] - The group participated in 85 ongoing earthworks and ancillary services projects, showcasing its capability in executing complex infrastructure projects[62] - The group secured 12 new projects during the first half of 2024, with a total contract value of approximately SGD 37.0 million[62] - The general construction segment reported revenue of approximately SGD 18.5 million during the reporting period, compared to SGD 25.2 million as of June 30, 2023, primarily due to the completion of several non-recurring projects in the previous year[63] Financing and Shareholder Information - Financing costs increased to SGD 365 thousand from SGD 87 thousand, highlighting rising interest expenses[4] - The company issued new shares resulting in an increase in share capital by SGD 2,960,000 during the reporting period[8] - The company provided a total of SGD 3,000,000 in additional shareholder loans to the joint venture for redevelopment projects, with the first loan of SGD 500,000 issued on January 3, 2024, and the second loan of SGD 2,500,000 on March 18, 2024[129] - The company has implemented an employee stock option plan to recognize and reward contributions to its growth[112] - The stock option plan allows for a maximum of 10% of the total issued shares to be granted, equating to 100,000,000 shares, with 79,272,000 shares available for issuance under the plan, representing about 6.3% of the total issued shares[115] Market and Economic Outlook - The Singapore economy showed resilience with a GDP growth of 3.0% year-on-year in the first half of 2024, benefiting the construction sector[57] - The construction industry in Singapore recorded a strong year-on-year growth rate of 3.8% in Q2 2024, supported by public construction projects[57] - The global economic outlook for 2024 has been adjusted to a growth forecast of 3.2%, with Singapore's GDP growth projected between 2.0% and 3.0%[66] - The construction sector in Singapore is expected to grow by 3.3% in 2024, driven by significant investments in key infrastructure[66] Corporate Governance and Compliance - The company has adopted all provisions of the corporate governance code and has complied with all applicable code provisions throughout the reporting period[133] - The audit committee consists of three independent non-executive directors, and the external auditor conducted agreed-upon procedures on the interim financial statements for the six months ended June 30, 2024[138]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 1 Chuan Holdings Limited 川控股有限公司 * （於開曼群島註冊成立的有限公司） （股份代號：1420） 截至2024年6月30日止六個月之 中期業績公告 川控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公 司（統稱「本集團」）截至2024年6月30日止六個月（「回顧期間」或「報告期間」）的未經審 核綜合中期業績，連同比較數字如下： * 僅供識別 簡明綜合全面收益表 截至2024年6月30日止六個月 期內其他全面虧損 其後將不會重新分類至損益的項目： 按公平值計入其他全面收益 （「按公平值計入其他全面收益」）之金融資產 －公平值虧損 (38) (11) 期內其他全面虧損，扣除稅項 (38) (11) 本公司擁有人應佔期內全面收益總額 2,333 1,728 每股基本盈利（仙） 10 0.19 0.17 每股攤薄盈利（仙） 10 0.18 0.15 | ...

Financial Performance - Total revenue for the fiscal year 2023 reached SGD 120.832 million, a 36.3% increase from SGD 88.605 million in 2022[6]. - Gross profit for 2023 was SGD 8.592 million, representing a gross margin of 7.1%, slightly up from 7.0% in 2022[6][9]. - Net profit attributable to shareholders for 2023 was SGD 3.245 million, compared to SGD 1.723 million in 2022, marking an increase of 88.1%[6]. - The company reported a basic earnings per share of 0.31 Singapore cents for 2023, up from 0.17 Singapore cents in 2022[6]. - The company achieved a gross profit of approximately SGD 8.6 million and a net profit attributable to shareholders of about SGD 3.2 million, reflecting increases of 38.6% and 88.3% respectively compared to the previous year[29]. - The gross profit margin improved from 7.0% to approximately 7.1%, while the net profit margin rose from 1.9% to 2.7%[29]. - Other income and gains for the year were approximately SGD 4.0 million, an increase of about SGD 1.4 million compared to the previous year[46]. - Administrative and other operating expenses increased by approximately 8.8% to about SGD 7.0 million, driven by rising employee costs[47]. - Financing costs rose by approximately 11.3% to about SGD 237,000, primarily due to increased lease liabilities[48]. - The share of losses from associates was approximately SGD 640,000, compared to a profit of about SGD 585,000 in the previous year[49]. Assets and Liabilities - Total assets as of December 31, 2023, amounted to SGD 121.685 million, an increase from SGD 110.535 million in 2022[7]. - Total liabilities increased to SGD 29.597 million in 2023 from SGD 21.752 million in 2022, reflecting a rise in current liabilities[7]. - The current ratio decreased to 2.9 in 2023 from 4.2 in 2022, indicating a tighter liquidity position[9]. - The company maintained a debt-to-equity ratio of 0.1, consistent with previous years, indicating stable leverage[9]. - The debt-to-equity ratio as of December 31, 2023, was approximately 0.09, slightly up from 0.08 in 2022, indicating a marginal increase in leverage[60]. - The group’s total borrowings and lease liabilities increased to approximately 8.7 million Singapore dollars as of December 31, 2023, from 7.2 million Singapore dollars in 2022, representing a rise of 20.8%[60]. Market and Industry Outlook - The company aims to strengthen its position as a leading contractor in Singapore's construction sector, focusing on high-profile projects and expanding its market presence[11]. - The company is optimistic about the commercial property sector due to the anticipated increase in construction demand driven by tourism expansion[15]. - The construction demand in Singapore reached SGD 33.8 billion in 2023, exceeding initial forecasts of SGD 27 billion to SGD 32 billion[22]. - The total construction demand in Singapore for 2024 is projected to be between SGD 32 billion and SGD 38 billion, driven by ongoing urban expansion and government initiatives[36]. - The company plans to leverage new opportunities in the commercial property sector, particularly in renovation projects and hotels[36]. Strategic Initiatives - The company plans to acquire Hulett Construction to address accommodation shortages, which will enhance operational efficiency and capacity[17]. - The company is entering the property redevelopment sector to strengthen its market position and reduce operational vulnerabilities[32]. - The company plans to strategically seek opportunities to bid for higher-margin public projects while maintaining close relationships with existing clients[39]. - The company is focused on implementing advanced technologies to improve operational productivity, quality, and safety[16]. - The company aims to maintain a competitive edge by integrating green practices into all operational aspects[16]. Corporate Governance - The company has a strong commitment to high standards of corporate governance, focusing on transparency and accountability to protect shareholder interests[107]. - The board has adopted all provisions of the corporate governance code as its own governance practices, ensuring compliance with regulatory standards[108]. - The board includes independent non-executive directors with diverse backgrounds in real estate, finance, and engineering, enhancing decision-making capabilities[98][99][100]. - The company has established a credit policy and continuously monitors credit risks[85]. - The company has a formal nomination policy for appointing new directors, ensuring a structured approach to board diversity[119]. Employee and Operational Insights - As of December 31, 2023, the company had 574 employees, an increase from 534 employees in the previous year[89]. - Total employee costs for the year ended December 31, 2023, amounted to approximately SGD 25.4 million, up from SGD 22.4 million in the previous year[89]. - The management team has extensive experience in the construction industry, with key executives holding advanced degrees in engineering and project management[102][104]. - The company is actively involved in project bidding and management, with a focus on improving cost forecasting and project operational plans[105]. Shareholder Engagement - The company emphasizes maintaining high transparency to strengthen investor relations and ensure timely and accurate disclosure of information[190]. - All directors are required to attend the annual general meeting to respond to shareholder inquiries, ensuring comprehensive understanding of shareholder opinions[191]. - The company encourages shareholder participation in meetings and has established multiple communication channels for shareholders to express their views[192]. - The company has implemented a shareholder communication policy to provide fair and understandable information to shareholders and stakeholders[190]. Risk Management - The board is responsible for maintaining a robust risk management and internal control system to protect shareholder investments and the group's assets[168]. - The audit committee is tasked with continuously monitoring the risk management and internal control systems, reviewing their effectiveness at least annually[170]. - The company has engaged independent consultants to review its risk management and internal control systems[172]. - The company has adopted an anti-corruption policy with a zero-tolerance approach towards corruption, bribery, and fraud, providing guidelines for all employees[178].

Financial Performance - The company reported a revenue of approximately SGD 120.8 million for the fiscal year ending December 31, 2023, representing a significant increase of about 36.4% compared to the previous year[6]. - Gross profit reached approximately SGD 8.6 million, and net profit attributable to shareholders was about SGD 3.2 million, reflecting increases of 38.6% and 88.3% respectively compared to the previous year[7]. - The total revenue for the year ended December 31, 2023, was approximately SGD 120.8 million, an increase of about SGD 32.2 million or 36.4% compared to SGD 88.6 million for the year ended December 31, 2022[21]. - The gross profit surged by approximately 38.6% to about SGD 8.6 million, with a gross profit margin increasing to approximately 7.1% from 7.0% in the previous year[21]. - The net profit attributable to the owners of the company was approximately SGD 3.2 million, a significant increase of about 88.3% from SGD 1.7 million in the previous year[31]. - Basic earnings per share improved to 0.31 cents, up from 0.17 cents in the prior year, while diluted earnings per share rose to 0.29 cents from 0.15 cents[80]. - The company reported a pre-tax profit of SGD 4.557 million for 2023, compared to SGD 2.436 million in 2022, which is an increase of 87.0%[96]. - The income tax expense for 2023 was SGD 1,312,000, compared to SGD 713,000 in 2022, driven by increased taxable profits[113]. Revenue Segmentation - The earthworks and supporting services segment continued to be the main revenue source, accounting for approximately 69.9% of total revenue, with revenue increasing by about 5.3% to approximately SGD 84.4 million from SGD 80.2 million in the previous year[22]. - The general construction segment's revenue surged over fourfold from approximately SGD 8.4 million to about SGD 36.4 million during the reporting year[6]. - Revenue from earthworks and related services was SGD 84,436,000, up from SGD 80,179,000 in 2022, while general construction revenue surged to SGD 36,396,000 from SGD 8,426,000[106]. Project Acquisition and Demand - The company secured 24 projects in public infrastructure, residential, and industrial sectors, enhancing its competitive edge in high-profitability mega projects[7]. - The company successfully secured 18 new earthworks projects with a total contract value of approximately SGD 165.8 million during the reporting year[22]. - The general construction segment obtained six new projects in 2023, with a total contract value of approximately SGD 60.1 million[24]. - The preliminary construction demand in Singapore for 2023 reached SGD 33.8 billion, exceeding initial forecasts of SGD 27 billion to SGD 32 billion[12]. - The total construction demand in Singapore for 2024 is projected to be between SGD 32 billion and SGD 38 billion, supported by ongoing public housing projects and infrastructure developments[74]. Financial Management and Cash Flow - Cash and cash equivalents as of December 31, 2023, were approximately SGD 30.1 million, up from SGD 23.4 million in the previous year, reflecting effective financial management[35]. - The net cash flow from operating activities for the year ended December 31, 2023, was approximately SGD 22.5 million, a significant increase from SGD 1.2 million in 2022[38]. - The net cash used in investing activities for the year ended December 31, 2023, was approximately SGD 11.0 million, compared to SGD 3.3 million in 2022[39]. - The net cash used in financing activities for the year ended December 31, 2023, was approximately SGD 4.6 million, a decrease from SGD 5.9 million in 2022[40]. - The company reported a significant increase in cash and cash equivalents to SGD 30,105,000, compared to SGD 23,441,000 in the previous year, reflecting a 28.5% increase[81]. Investment and Expansion Plans - The company plans to enter the property redevelopment sector to strengthen its market position and reduce operational vulnerabilities[9]. - The company is focusing on enhancing productivity through the adoption of manufacturing and assembly design techniques, aiming to streamline construction processes and reduce labor demand[9]. - The group plans to enhance its bidding resources and strengthen project bidding efforts to secure higher-margin construction projects[75]. - The group intends to invest in advanced solutions, including automated welding robotic arms and drones, to improve operational efficiency and safety[75]. - The company has a positive outlook on the redevelopment project, expecting substantial investment returns and improved cash flow for operations[58]. Acquisition of Hulett Construction - The acquisition of Hulett Construction's entire equity is valued at SGD 46.7 million, with SGD 8.0 million to be paid via a promissory note and SGD 38.7 million in cash[48]. - The acquisition is expected to address the issue of providing adequate housing for foreign workers, improving operational efficiency and management, and supporting future expansion needs[51]. - The acquisition is expected to provide stable rental income and diversify revenue sources while accommodating more workers and heavy vehicles[77]. Employee and Operational Insights - As of December 31, 2023, the total employee cost, including director remuneration, was approximately SGD 25.4 million, up from SGD 22.4 million in 2022[71]. - The group has 574 employees as of December 31, 2023, compared to 534 employees as of December 31, 2022[71]. - The company remains committed to continuous investment in talent development to retain skilled employees and maintain market competitiveness[77]. Governance and Compliance - The company has adopted the corporate governance code as per the listing rules and has complied with all applicable code provisions throughout the year[135]. - The audit committee has reviewed the accounting principles and practices adopted by the group and discussed matters related to audit, internal control, and financial reporting for the fiscal year ending December 31, 2023[137]. - The company confirmed that it has maintained sufficient public float as required under the listing rules throughout the year[138]. Future Outlook - The group anticipates global economic growth of 3.1% in 2024, driven by stronger-than-expected economic performance in the US and major emerging markets in Asia[74]. - The construction industry in Singapore is expected to benefit from government efforts in extensive infrastructure projects and upcoming resort renovations[78].

Financial Performance - Revenue for the six months ended June 30, 2023, was SGD 66,756,000, an increase of 57.2% compared to SGD 42,473,000 in the same period of 2022[7] - Gross profit for the same period was SGD 4,238,000, representing a gross margin of 6.35%[7] - Net profit attributable to owners for the period was SGD 1,739,000, up 30.7% from SGD 1,331,000 in the prior year[7] - Basic earnings per share for the period was 0.17 cents, compared to 0.13 cents in the previous year[7] - The company reported a total segment profit before tax of SGD 2,278,000 for the six months ended June 30, 2023, compared to SGD 1,600,000 in the same period of 2022, marking an increase of about 42%[24][25] - The company reported a pre-tax profit of SGD 1,739,000 for the six months ended June 30, 2023, compared to SGD 1,331,000 for the same period in 2022, marking a growth of 30.6%[40] - Net profit for the period was approximately SGD 1.7 million, a year-on-year increase of about 30.7%, with a net profit margin of approximately 2.6%[95] Assets and Liabilities - Total assets as of June 30, 2023, amounted to SGD 114,153,000, an increase from SGD 110,535,000 at the end of 2022[9] - Current assets decreased to SGD 71,551,000 from SGD 78,054,000, primarily due to a reduction in trade receivables[9] - The company reported a net asset value of SGD 90,549,000 as of June 30, 2023, compared to SGD 88,783,000 at the end of 2022[11] - The total liabilities of the group increased to SGD 23,604,000 as of June 30, 2023, compared to SGD 21,752,000 as of December 31, 2022, representing an increase of 8.5%[28] - The company’s total borrowings and lease liabilities amounted to approximately SGD 6.3 million, a decrease from SGD 7.2 million as of December 31, 2022, with a debt-to-equity ratio of approximately 0.07[98] Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2023, was SGD 8,604,000, a significant increase from SGD 1,709,000 in the same period of 2022, representing a growth of approximately 404%[16] - Net cash flow from operating activities for the same period was SGD 8,322,000, compared to SGD 1,714,000 in 2022, indicating a growth of about 385%[16] - Cash flow used in investing activities was SGD 9,738,000, compared to SGD 2,041,000 in the previous year, reflecting a substantial increase in investment outflows[16] - The company invested SGD 3,140,000 in property, plant, and equipment during the period, up from SGD 797,000 in 2022, indicating a significant increase in capital expenditure[16] - The company has committed to capital expenditures for property, plant, and equipment amounting to SGD 911,000 as of June 30, 2023, down from SGD 1,419,000 as of December 31, 2022[56] Revenue Segmentation - The earthworks and supporting services segment contributed approximately 62.2% of total revenue, amounting to about SGD 41.5 million, an increase from approximately SGD 38.9 million in the previous year[77] - The general building engineering segment saw revenue rise from approximately SGD 3.6 million in the previous year to about SGD 25.2 million during the reporting period[79] - The company secured 13 projects during the review period, with a total contract value exceeding SGD 102.4 million, benefiting from a more favorable business environment as the impact of COVID-19 waned[75] - The company participated in 79 ongoing earthworks projects and secured 10 new projects with a total contract value of approximately SGD 46.3 million in the first half of 2023[77] Cost Management and Operational Efficiency - The company is implementing stricter cost control measures in response to rising labor and material costs, including stabilizing diesel prices and introducing eco-friendly machinery[73] - The company has implemented a series of measures to retain skilled labor, including competitive compensation and attractive benefits, to enhance operational efficiency[83] - Administrative and other operating expenses increased by approximately 10.7% to about SGD 3.5 million, mainly due to higher labor costs[90] Corporate Governance - The company adhered to all applicable corporate governance code provisions throughout the reporting period[135] - The company has adopted all code provisions as its own corporate governance practices[134] - The audit committee consists of three independent non-executive directors, and the external auditor conducted agreed-upon procedures for the interim financial statements for the six months ended June 30, 2023[140] Shareholder Information - As of June 30, 2023, Mr. Lin holds 21,380,000 shares and 529,125,000 related shares, totaling 550,505,000 shares, which represents approximately 53.11% of the issued shares[107] - The total number of shares available for issuance under the share option scheme is 100,000,000 shares, accounting for about 9.6% of the issued shares as of the report date[114] - The total number of stock options granted was 99,952,000, with no options exercised, lapsed, or cancelled during the reporting period[123]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Chuan Holdings Limited * 川 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） 1420 （股份代號： ） 2023 6 30 截至 年 月 日止六個月之 中期業績公告 川控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其附屬公 2023 6 30 司（統稱「本集團」）截至 年 月 日止六個月（「回顧期間」或「報告期間」）之未經審 核綜合中期業績，連同比較數字如下： ...

Financial Performance - Revenue for the fiscal year ended December 31, 2022, was SGD 88.605 million, an increase of 2.0% from SGD 85.416 million in 2021[7]. - Gross profit for 2022 was SGD 6.198 million, representing a gross margin of 7.0%, up from 5.1% in 2021[7][10]. - Profit attributable to owners of the company for 2022 was SGD 1.723 million, compared to SGD 1.500 million in 2021, reflecting a year-on-year increase of 14.9%[7]. - Total assets as of December 31, 2022, were SGD 110.535 million, a slight decrease from SGD 111.840 million in 2021[8]. - Total liabilities decreased to SGD 21.752 million in 2022 from SGD 25.333 million in 2021, indicating improved financial stability[8]. - The current ratio improved to 4.2 in 2022 from 4.0 in 2021, suggesting better liquidity management[10]. - The company achieved a revenue growth of approximately 3.7% and a net profit attributable to shareholders increased by about 14.9%, with gross profit soaring by approximately 42.9%[12]. - The net profit attributable to shareholders was approximately SGD 1.7 million, an increase of about 14.9%, with a net profit margin of approximately 1.9%[49]. - The company reported a significant increase in overall management and strategic planning under the leadership of Executive Director Lin Guiting, who has been with the group since its founding in 1996[86]. Market Outlook - Future outlook remains cautious due to ongoing geopolitical tensions and inflationary pressures affecting the global economy[11]. - The Singapore construction industry is expected to recover steadily, driven by significant projects like the North-South Corridor and Changi Airport Terminal 5, providing more opportunities in the coming years[15]. - The construction demand in Singapore is projected to range between SGD 27 billion and SGD 32 billion in 2023, with about 60% coming from the public sector[33]. - The company remains cautiously optimistic about the gradual recovery of the construction industry, supported by government infrastructure projects and stable construction demand[37]. Strategic Initiatives - The company aims to maintain its position as a leading contractor in Singapore's construction industry despite challenges such as high material costs and labor shortages[11]. - The company continues to focus on business resilience and steady progress towards its strategic goals[11]. - The company plans to focus on bidding for higher-margin mega infrastructure and public housing projects, leveraging government support for major construction initiatives[16]. - The company is committed to enhancing operational efficiency and environmental protection principles, investing in greener technologies for its machinery[16]. - The company aims to expand into property redevelopment to diversify operations and has invested in landmark projects in Singapore[28]. - The company is exploring opportunities for mergers and acquisitions to further enhance its market presence and operational capabilities[88]. Project Acquisitions - The company secured several landmark mega projects, including the Woodlands Regional Centre and Tuas Terminal, with a total contract value of nearly SGD 100 million[14]. - The company won a project for the Resorts World Sentosa Festive Hotel Guestroom, valued at approximately SGD 20.2 million, as part of its strategy to diversify revenue streams[16]. - The group secured a total of 33 projects in public infrastructure, residential, and industrial sectors during the reporting year[28]. - The group successfully obtained 4 earthworks and associated services projects and 3 general building projects in Q1 2023[34]. Governance and Management - The company is committed to maintaining high standards of corporate governance, with a focus on transparency and accountability through its audit and nomination committees[91][94]. - The management team has a strong educational background, with degrees in engineering, project management, and business administration, which supports the company's strategic initiatives[88][94]. - The company has expanded its management team with experienced professionals, including independent non-executive directors with extensive backgrounds in finance and real estate[90][91]. - The board is committed to high standards of corporate governance, ensuring transparency and accountability in business operations[102]. - The company has established an audit committee, a remuneration committee, and a nomination committee to enhance corporate governance[135]. Risk Management - The group has established a robust risk management and internal control system to safeguard shareholder investments and assets, which is reviewed annually[164]. - The audit committee is tasked with continuously monitoring the effectiveness of the risk management and internal control systems, reviewing them at least once a year[166]. - The company has adopted a whistleblowing policy to allow stakeholders to report concerns about misconduct confidentially and anonymously[170]. - The company is committed to reviewing its risk management and internal control systems, including environmental, social, and governance risks[138]. Financial Management - The company adopted a prudent financial planning approach to manage working capital risks and continuously monitors its cash and cash equivalents to mitigate unexpected cash flow fluctuations[52]. - The company's cash and cash equivalents as of December 31, 2022, were approximately SGD 23.4 million, a decrease from SGD 31.5 million as of December 31, 2021, primarily due to investments in property, plant, and equipment[52]. - The net cash inflow from operating activities for the year ended December 31, 2022, was approximately SGD 1.1 million, down from SGD 5.6 million in 2021, with significant changes in contract assets and trade receivables contributing to the decline[55]. - The company has established arrangements for employees to report concerns regarding financial reporting and internal controls[137]. Shareholder Relations - The company emphasizes high transparency to strengthen investor relations and ensure timely, accurate, and complete disclosure of information[185]. - The company has implemented a shareholder communication policy to ensure equitable access to information for shareholders and encourage active communication[185]. - The company has established procedures for shareholders to propose resolutions and request special general meetings[182]. - The company is committed to protecting the privacy rights of shareholders regarding the collection of personal data[185].