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].

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或任何 部份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： ） 2022 12 31 截至 年 月 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 2022 12 31 2022 司（統稱「本集團」）截至 年 月 日止年度（「本年度」或「報告年度」或「 年」） 之年度業績。 整體表現 作為新加坡主要的土方工程承建商，本集團領導市場逾二十年，建立穩固聲譽，始 終致力於在遵守所有安全和監管規定的同時，以誠信和精湛工藝提供及時、可靠及 優質的服務。 於報告年度內，受地區間地緣政治緊張、全球供應鏈中斷以及持續加息的影響，全 2019 COVID-19 球經濟復甦受挫。在新加坡，隨著 新冠狀病毒病疫情（「 」或「疫情」）維 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was SGD 42,473,000, an increase of 2.63% from SGD 41,388,000 in the same period of 2021[28] - Gross profit for the same period was SGD 3,855,000, representing a significant increase of 117.5% compared to SGD 1,777,000 in 2021[28] - The net profit attributable to the owners of the company for the period was SGD 1,331,000, up from SGD 422,000 in the previous year, marking a 215.4% increase[28] - Basic earnings per share increased to 0.13 cents from 0.04 cents, reflecting a growth of 225%[28] - The company reported a total comprehensive income of SGD 1,515,000 for the six months ended June 30, 2022, compared to SGD 454,000 for the same period in 2021, representing a significant increase of 233%[34] - Operating cash flow for the six months ended June 30, 2022, was SGD 1,714,000, a turnaround from a cash outflow of SGD 150,000 in the same period of 2021[36] - The company reported a profit of SGD 1,331,000 for the six months ended June 30, 2022, compared to SGD 422,000 for the same period in 2021, marking an increase of 215%[34] - Net profit for the period was approximately SGD 1.3 million, an increase of about 215.4% compared to SGD 422,000 in the same period last year, resulting in a net profit margin of approximately 3.1%[134] Assets and Liabilities - Total assets as of June 30, 2022, were SGD 109,733,000, a decrease from SGD 111,840,000 as of December 31, 2021[30] - Current assets amounted to SGD 77,221,000, down from SGD 78,541,000 at the end of 2021[30] - The company reported a total equity of SGD 88,070,000, an increase from SGD 86,507,000 at the end of 2021[32] - Non-current liabilities decreased to SGD 4,365,000 from SGD 5,732,000, indicating a reduction of 23.9%[32] - The total liabilities of the group as of June 30, 2022, were SGD 21,663,000, down from SGD 25,333,000 as of December 31, 2021, indicating a reduction of 14.5%[54] - The company's borrowings as of June 30, 2022, were SGD 3.7 million, down from SGD 4.3 million as of December 31, 2021, reflecting a decrease of approximately 14%[88] - The group's total bank borrowings and lease liabilities amounted to approximately SGD 9.0 million, a decrease from SGD 11.4 million as of December 31, 2021[144] Cash Flow and Investments - The company incurred net cash outflows from investing activities amounting to SGD 2,041,000 for the six months ended June 30, 2022, compared to SGD 9,078,000 in the previous year, indicating a reduction of 77%[36] - Financing activities resulted in a net cash outflow of SGD 3,368,000 for the six months ended June 30, 2022, down from SGD 4,021,000 in the same period of 2021, reflecting a decrease of 16%[36] - The company's cash and cash equivalents were SGD 27,819,000, down from SGD 31,514,000, a decline of 11.4%[30] - Cash and cash equivalents as of June 30, 2022, were approximately SGD 27.8 million, down from SGD 31.5 million as of December 31, 2021[137] - The group invested approximately SGD 1.6 million in property, plant, and equipment during the six months ended June 30, 2022, primarily funded by finance lease liabilities and operating cash[149] Revenue Segmentation - Revenue from external customers for the six months ended June 30, 2022, was SGD 42,473,000, an increase from SGD 41,388,000 for the same period in 2021, representing a growth of 2.62%[47] - The earthworks and supporting services segment remains the primary revenue source, accounting for about 91.6% of total revenue, with segment revenue rising from SGD 33.7 million to approximately SGD 38.9 million[114] - The general construction segment contributed approximately 8.4% or SGD 3.6 million to total revenue, reflecting limited bidding opportunities[116] - The general building works segment saw a revenue decrease of approximately 53.2% to about SGD 3.6 million due to limited bidding opportunities[125] Employee and Operational Expenses - Employee benefits expenses increased to SGD 8,911,000 for the six months ended June 30, 2022, from SGD 8,487,000 in 2021, reflecting a rise of 5%[67] - The total remuneration for the group’s employees, including directors' fees, was approximately SGD 10.9 million for the six months ended June 30, 2022, compared to SGD 10.5 million for the same period in 2021[153] - Administrative and other operating expenses increased by approximately 3.3% to about SGD 3.2 million, primarily due to rising labor costs[129] Future Outlook and Strategic Focus - The company plans to continue focusing on market expansion and new product development to drive future growth[28] - The company continues to focus on general construction and building services, with strategic decisions based on performance evaluations of its operating segments[38] - The group aims to explore new opportunities in public infrastructure projects and seek international business partnerships to expand its footprint[120] - The group anticipates a GDP growth forecast for Singapore to narrow to 3% to 4% due to a deteriorating global economic environment[117] Shareholder Information - The group’s major shareholder, Mr. Lin, held a total of 550,505,000 shares, representing approximately 53.11% of the issued share capital as of June 30, 2022[155] - 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 share capital as of the report date[164] - The company has no arrangements that allow directors or their family members to benefit from purchasing shares or debentures during the reporting period[174] Corporate Governance - The company has adhered to all applicable corporate governance codes during the reporting period, with a minor deviation due to the absence of an independent non-executive director at the annual general meeting[187] - The independent non-executive director, Mr. Huang Jiabao, was appointed as the chairman of the audit committee during the reporting period[190]

Financial Performance - Revenue for the six months ended June 30, 2021, was SGD 41,388 thousand, an increase of 27.1% from SGD 32,528 thousand in the same period of 2020[6] - Gross profit for the same period was SGD 1,777 thousand, compared to a gross loss of SGD 3,999 thousand in 2020, indicating a significant turnaround[6] - The net profit for the period was SGD 422 thousand, a recovery from a net loss of SGD 7,183 thousand in the previous year[6] - For the six months ended June 30, 2021, the company reported a total comprehensive income of SGD 454,000, compared to SGD 422,000 for the same period in 2020, reflecting a growth of 7.6%[11] - The company reported a pre-tax profit of SGD 509,000 for the six months ended June 30, 2021, compared to a pre-tax loss of SGD 7,200,000 in the previous year[31] - The company achieved a profit of approximately SGD 422,000 for the six months ended June 30, 2021, compared to a loss of approximately SGD 7.2 million in the same period last year, resulting in a net profit margin of about 1.0%[99] Assets and Liabilities - Total assets as of June 30, 2021, were SGD 81,846 thousand, down from SGD 96,788 thousand as of December 31, 2020[9] - Current liabilities decreased to SGD 19,062 thousand from SGD 27,034 thousand at the end of 2020, reflecting improved liquidity[9] - The company's equity attributable to owners increased to SGD 85,603 thousand as of June 30, 2021, compared to SGD 84,816 thousand at the end of 2020[9] - Cash and cash equivalents were SGD 33,014 thousand, down from SGD 46,238 thousand at the end of 2020, indicating a decrease in cash reserves[9] - The company’s total assets as of June 30, 2021, were SGD 112,654,000, a decrease from SGD 122,109,000 as of December 31, 2020[27] - Bank borrowings as of June 30, 2021, were SGD 4,900,000, slightly down from SGD 5,000,000 as of December 31, 2020[29] - The group had total bank borrowings and lease liabilities of approximately SGD 15.3 million, a decrease from SGD 18.9 million as of December 31, 2020[107] - The debt-to-equity ratio as of June 30, 2021, was approximately 0.18, down from 0.22 as of December 31, 2020[107] Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2021, was a net cash outflow of SGD 150,000, an improvement from a net cash outflow of SGD 5,764,000 in the same period of 2020[14] - The company generated SGD 462,000 from the sale of property, plant, and equipment during the six months ended June 30, 2021, while cash used in investing activities totaled SGD 9,078,000[14] - The net decrease in cash and cash equivalents for the six months ended June 30, 2021, was SGD 13,249,000, compared to a decrease of SGD 4,086,000 in the same period of 2020[14] - The company recorded a tax expense of SGD 87,000 for the six months ended June 30, 2021, compared to a tax credit of SGD 17,000 in the same period of 2020[41] - The group invested approximately SGD 3.3 million in capital expenditures for property, plant, and equipment during the six months ended June 30, 2021[111] Revenue Segmentation - The company operates in two segments: earthworks and associated services, and general construction, with no inter-segment revenue reported[23] - Revenue from external customers for earthworks and related services reached SGD 33,741,000, an increase of 33.5% from SGD 25,282,000 in the same period last year[31] - The earthworks and supporting services segment accounted for approximately 81.5% of total revenue, with segment revenue of about SGD 33.7 million[81] - General construction segment revenue increased by 5.5% to approximately SGD 7.6 million, driven by the gradual fulfillment of contracts obtained before or during the pandemic[91] Employee and Compensation - Employee benefits expenses increased to SGD 10,479,000 for the six months ended June 30, 2021, up from SGD 7,730,000 in the same period of 2020, reflecting a rise of approximately 35.8%[1] - The total employee compensation for the six months ending June 30, 2021, was approximately SGD 10.5 million, an increase from SGD 7.7 million for the same period in 2020, reflecting a growth of about 36.36%[121] - As of June 30, 2021, the company had 507 employees, up from 489 employees as of December 31, 2020, indicating a growth in workforce of approximately 3.68%[121] Strategic Initiatives - The company aims to continue expanding its market presence and developing new products, although specific future projections were not detailed in the report[6] - The company is investing in property redevelopment projects to diversify its business and create sustainable income sources[80] - The company plans to focus on higher-margin large infrastructure projects and has secured 11 major infrastructure and residential projects in the second half of 2021[85] - The company is undergoing a human resources transformation plan to enhance employee productivity and engagement, alongside developing a digital application for monitoring performance[87] Governance and Compliance - The audit committee reviewed the interim financial results for the six months ended June 30, 2021[152] - The company has complied with the corporate governance code during the reporting period[146] - No directors or major shareholders had interests in competing businesses during the reporting period[145] - The company confirmed that all directors complied with the securities trading code during the reporting period[147]