格隆汇8月14日丨川控股(01420.HK)宣布，董事会会议将于2025年8月29日(星期五)举行，藉以(其中包 括)批准公司及其附属公司截至2025年6月30日止六个月的中期业绩及其刊发，以及考虑派付中期股息 (如有)。 ...

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 香港，2025年8月14日 於本公告日期，董事會包括執行董事林桂廷先生、彭耀傑先生、Bijay Joseph先 生及王雪芬女士；以及獨立非執行董事黃獻英先生、黃家寶先生及許風雷先 生。 * 僅供識別 （於開曼群島註冊成立的有限公司） （股份代號：1420） 董事會會議日期 川控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議將於 2025年8月29日（星期五）舉行，藉以（其中包括）批准本公司及其附屬公司截 至2025年6月30日止六個月的中期業績及其刊發，以及考慮派付中期股息（如 有）。 承董事會命 川控股有限公司 主席兼執行董事 彭耀傑 川控股有限公司 * ...

呈交日期: 2025年8月4日 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 川控股有限公司（於開曼群島註冊成立的有限公司） I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01420 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | 本月底法定/註冊股本總 ...

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]

Financial Performance - The group reported a revenue of approximately SGD 143.8 million for the fiscal year, representing a significant year-on-year increase of about 19.0%[6] - Gross profit for the group reached approximately SGD 19.0 million, reflecting a substantial year-on-year increase of about 120.7%[8] - Net profit attributable to the company's owners was approximately SGD 8.1 million, marking a significant year-on-year increase of about 150.9%[8] - The gross profit margin improved from approximately 7.1% to about 13.2%, while the net profit margin increased from approximately 2.7% to about 5.7%[8] - The total revenue for the group for the year ended December 31, 2024, was approximately SGD 143.8 million, an increase of about SGD 22.9 million or 19.0% compared to the previous year[26] - The gross profit for the group increased significantly by approximately 120.7% to about SGD 19.0 million, with a gross margin of approximately 13.2%, up from 7.1% in the previous year[26] - The net profit attributable to the company's owners was approximately SGD 8.1 million, a significant increase of about 150.9% from SGD 3.2 million, with a net profit margin of approximately 5.7%[37] - The company reported a profit of SGD 8,141,000 for the year, compared to SGD 3,245,000 in the previous year, indicating a substantial increase of 150.5%[82] Revenue Segmentation - The earthworks and supporting services segment contributed to this growth, with segment revenue rising from approximately SGD 84.4 million to about SGD 97.4 million[6] - The earthworks and ancillary services segment contributed approximately 67.8% of total revenue, amounting to SGD 97.4 million, which is a 15.4% increase from SGD 84.4 million in the previous year[20] - The general construction segment generated revenue of approximately SGD 39.2 million, reflecting strategic growth from SGD 36.4 million in the previous year[22] - The property investment segment contributed approximately SGD 7.1 million to the group's overall revenue, with a gross profit of about SGD 1.3 million, driven by stable rental income from newly integrated properties[31] Project Acquisition and Growth Strategy - The group secured 29 impressive projects during the reporting year, including a contract valued at approximately SGD 52.6 million for the Jurong Pier Road substation project[9] - The group has strategically focused on large infrastructure projects and operational efficiency optimization, which has yielded considerable returns[6] - The group aims to enhance its competitive position in Singapore's expanding construction landscape through a comprehensive set of strategic measures[6] - The company is strategically preparing to seize emerging market opportunities by selectively pursuing high-value public sector projects, enhancing profit margins and client relationships[67] Market and Economic Outlook - The construction industry in Singapore demonstrated remarkable resilience and growth in 2024, achieving a significant real growth rate of 3.3%[14] - Total construction demand reached a record high of SGD 44.2 billion, significantly surpassing the revised mid-year forecast of SGD 35 billion by the construction authority[14] - Property investment sales in Singapore totaled SGD 26.6 billion in 2024, marking a substantial increase of 32.5% compared to the previous year[16] - Singapore's economic growth is expected to range between 1% to 3% in 2025, supported by strong performances in key sectors such as electronics, aerospace, finance, and information technology[65] Operational Efficiency and Technological Integration - The group has implemented advanced construction productivity initiatives and is investing strategically in prefabricated and modular construction technologies[10] - The implementation of "Industry 5.0" technologies in landmark infrastructure projects showcases significant technological integration, including AI-driven construction management systems[15] - The implementation of advanced automation technologies and renewable energy solutions is expected to enhance operational efficiency and project execution capabilities[70] - The integration of precision robotic systems marks a milestone in transforming construction methods, setting new benchmarks for the industry[70] Financial Management and Costs - Administrative and other operating expenses increased by approximately 10.6% to about SGD 7.7 million, attributed to investments in human capital and increased professional service fees[33] - Financing costs rose to approximately SGD 2.0 million, up from SGD 237,000, mainly due to higher interest expenses from bank loans and lease liabilities[34] - The company's share of losses from associates and joint ventures was approximately SGD 568,000, reflecting the impact of rising bank loan rates and construction costs[35] - The income tax expenses for the year amounted to approximately SGD 3.1 million, compared to SGD 1.3 million in the previous year[36] Cash Flow and Investments - Cash and cash equivalents increased to approximately SGD 31.4 million, up from SGD 30.1 million, reflecting effective financial management strategies[39] - The net cash flow used in investing activities for the year ended December 31, 2024, was approximately SGD 43.0 million, a significant increase from SGD 11.0 million in 2023, primarily due to asset acquisitions of about SGD 41.6 million[43] - The net cash flow from financing activities for the year ended December 31, 2024, was approximately SGD 15.4 million, compared to a cash outflow of SGD 4.6 million in 2023, mainly driven by borrowings of SGD 31.7 million[44] Employee and Talent Management - The company had a total employee cost of approximately SGD 29.2 million for the year ending December 31, 2024, compared to SGD 25.4 million for the previous year, reflecting an increase of about 15%[63] - The company has adopted a comprehensive talent development strategy to ensure adaptability in a changing industry environment[72] Corporate Governance and Compliance - The company confirmed compliance with all applicable corporate governance codes throughout the year[127] - The audit committee reviewed the accounting principles and practices adopted by the group for the fiscal year ending December 31, 2024[128] Future Plans and Commitments - The company plans to continue expanding its earthworks and general construction services, focusing on enhancing operational efficiency and market reach[94] - The company plans to enhance its market position in the construction industry by increasing operational capital, capacity, and workforce[120]

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]

Financial Performance - For the six months ended June 30, 2024, the company reported total comprehensive income attributable to owners of SGD 2,333,000, compared to SGD 1,728,000 for the same period in 2023, representing a year-on-year increase of 35%[3] - Basic earnings per share increased to 0.19 cents from 0.17 cents, while diluted earnings per share rose to 0.18 cents from 0.15 cents[3] - Revenue for the period was SGD 63,505,000, up from SGD 56,572,000 in the previous year, marking an increase of approximately 12%[3] - Gross profit for the period was SGD 7,033,000, compared to SGD 4,238,000 in the prior year, reflecting a significant increase of 66%[3] - The company reported a net profit of SGD 2,371,000 for the six months ended June 30, 2024, up 36.4% from SGD 1,739,000 in the same period of 2023[25] - Basic earnings per share for the six months ended June 30, 2024, was SGD 0.00187, compared to SGD 0.00168 for the same period in 2023, reflecting an increase of 11.3%[25] - The company has recognized other income totaling SGD 888,000 for the six months ended June 30, 2024, compared to SGD 829,000 for the same period in 2023, indicating a growth of 7.1%[20] - The company reported a total operating profit of SGD 6,821,000 for the six months ended June 30, 2024, down from SGD 4,704,000 in the same period of 2023[13] - The company’s cash flow from operating activities after tax payments was SGD 6,469,000, compared to SGD 8,604,000 in the previous year, indicating a decrease of 24.7%[7] Assets and Liabilities - The company's total assets as of June 30, 2024, amounted to SGD 193,305,000, up from SGD 121,685,000 at the end of 2023, indicating a growth of 59%[4] - Current liabilities increased to SGD 45,221,000 from SGD 26,075,000, representing a rise of 73%[4] - Non-current liabilities surged to SGD 50,703,000 from SGD 3,522,000, reflecting a substantial increase of 1,437%[5] - The company's net asset value increased to SGD 97,381,000 from SGD 92,088,000, showing a growth of 6%[5] - Total liabilities of the group increased to SGD 95,924,000 as of June 30, 2024, from SGD 29,597,000 as of December 31, 2023, an increase of 224.5%[17] - The group’s total borrowings and lease liabilities amounted to approximately SGD 66.0 million as of June 30, 2024, with a debt-to-equity ratio of approximately 0.68[69] Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2024, was SGD 5,756,000, a decrease of 30.5% from SGD 8,322,000 in the same period of 2023[7] - The net cash used in investing activities was SGD (209,000) for the six months ended June 30, 2024, compared to SGD (59,000) in the same period of 2023[7] - Financing activities generated a net cash inflow of SGD 36,075,000 for the six months ended June 30, 2024, compared to a net cash outflow of SGD (2,215,000) in the same period of 2023[7] - Cash and cash equivalents at the end of the period were SGD 27,140,000, an increase of 36.7% from SGD 19,810,000 at the end of June 30, 2023[7] Market and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[2] - The company plans to continue expanding its construction and property management services in Singapore, focusing on enhancing operational efficiency and exploring new market opportunities[8] - The group is optimistic about opportunities in the commercial property sector, particularly in renovating tourist attractions and hotels, and is strategically seeking new opportunities for sustainable growth[53] - The group is focusing on strategic growth by seeking high-value public projects, emphasizing strong relationships with clients, and participating in complex civil engineering works like the Toa Payoh West project[80] Operational Efficiency and Cost Management - The company implemented strict cost control measures, including productivity enhancements and digital operations, to address rising labor and material costs[47] - The group remains vigilant regarding ongoing challenges in the construction industry, such as labor shortages and high material costs, and is committed to prudent financial management and comprehensive risk mitigation strategies[81] - The group aims to enhance operational efficiency and reduce costs by acquiring properties for housing foreign workers, which will also provide a stable income source[74] Employee and Talent Management - As of June 30, 2024, the group had 589 employees, an increase from 574 employees as of December 31, 2023, with total compensation approximately SGD 14.0 million compared to SGD 11.9 million in the same period last year[78] - The group believes that talent is the cornerstone of its competitive advantage and will continue to invest in talent development programs to retain top talent and maintain market competitiveness[81] Shareholder and Corporate Governance - The company has entered into a subscription agreement with Mr. Peng for the issuance of 207,291,200 shares at a subscription price of HKD 0.074 per share, totaling approximately HKD 15,339,548.80[85] - The subscription agreement reflects Mr. Peng's confidence in the company's long-term growth prospects and will enhance the company's financial foundation amid rising debt financing rates[86] - The company plans to hold a special general meeting on January 4, 2024, for independent shareholders to approve the subscription agreement and related transactions[86] - The group adheres to high standards of corporate governance and has complied with all applicable codes throughout the reporting period[82]

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].