Core Viewpoint - The company reported a significant decline in revenue and a shift from profit to loss in its mid-year results for 2025, primarily due to decreased sales in its US furniture and home goods segments, despite some offset from its interior design division [1] Financial Performance - Revenue for the period was 2.3202 million Singapore dollars, representing a year-on-year decrease of 26.2% [1] - The company recorded a loss attributable to shareholders of 0.2401 million Singapore dollars, a shift from profit to loss compared to the previous year [1] - Earnings per share were reported at a loss of 0.12 Singapore cents [1] Segment Analysis - The decline in revenue was mainly attributed to reduced sales in the US furniture sales segment and the home goods sales segment [1] - The decrease in overall revenue and an increase in administrative expenses due to foreign exchange losses of approximately 0.070 million Singapore dollars contributed to the shift from profit to loss [1]

Core Viewpoint - The company reported a significant decline in revenue and a shift from profit to loss in its mid-year results for 2025, primarily due to decreased sales in its US furniture and home furnishings segments, partially offset by gains in its interior design division [1] Financial Performance - Revenue for the period was 2.3202 million Singapore dollars, representing a year-on-year decrease of 26.2% [1] - The company recorded a loss attributable to shareholders of 0.2401 million Singapore dollars, marking a transition from profit to loss compared to the previous year [1] - Earnings per share were reported at a loss of 0.12 Singapore cents [1] Segment Analysis - The decline in revenue was mainly attributed to reduced sales in the US furniture sales segment and the home furnishings segment [1] - The decrease in overall revenue and an increase in administrative expenses due to foreign exchange losses of approximately 0.070 million Singapore dollars contributed to the shift to a loss [1]

Core Viewpoint - Design Holdings (01545.HK) reported a significant decline in revenue for the six months ending June 30, 2025, amounting to approximately SGD 23.2 million, a decrease of about SGD 8.3 million or 26.2% compared to SGD 31.5 million for the same period in 2024 [1] Financial Performance - The revenue drop was primarily attributed to decreased sales in the American furniture division and the furniture sales division, partially offset by an increase in revenue from the interior design division [1] - The company incurred a loss of SGD 2.26 million during the period, contrasting with a profit of SGD 239,000 in the same period last year [1]

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。 Design Capital Limited 設計都會有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （未 經 審 核）（未 經 審 核） 附 註 千新加坡元 千新加坡元 （股 份 代 號：1545） 截 至2025年6月30日止六個月 中期業績公告 | 財務撮要 | | | | | --- | --- | --- | --- | | | 截至以下日期止六個月 | | | | | 2025年 | 2024年 | | | | 6月30日 | 6月30日 | 變 動 | | | 千新加坡元 | 千新加坡元 | % | | 收 益 | 23,202 | 31,459 | -26.2% | | 毛 利 | 7,332 | 9,180 | -20.1% | | 期 內（虧 損）╱溢 利 | (2,263) | 239 | N ...

Group 1 - The company, Design City (01545.HK), announced that its board of directors will hold a meeting on August 22, 2025, to consider and approve the interim results for the six months ending June 30, 2025 [1] - The meeting will also address the publication and distribution of interim dividends, if any, along with other matters [1]

設 計 都 會 有 限 公 司（「 本 公 司 」， 及 其 附 屬 公 司 ，「 本 集 團 」）董 事 會（「 董 事 會」）兹宣佈謹定於2025年8月22日（ 星期五 ）舉行董事會會議，以考慮及批准 本 集 團 截 至 2025 年 6 月 30 日 止 六 個 月 之 中 期 業 績 ， 其 刊 發 及 派 發 中 期 股 息 （ 如有 ），以及處理任何其他事項。 承董事會命 Design Capital Limited 設 計 都 會 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：1545） 董事會召開日期 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。 設計都會有限公司 主席兼執行董事 阮友仁 香港，2025年8月4日 於本公告日期，董事會包括執行董事阮友仁、Wee Ai ...

本月底法定/註冊股本總額： HKD 100,000,000 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 | | | 致：香港交易及結算所有限公司 公司名稱: 設計都會有限公司 呈交日期: 2025年8月1日 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) | 01545 | 說明 | 普通股 | | | | | | | | | | 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 (-) | | | 0 | | | HKD | | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100 ...

Financial Performance - Total revenue for the fiscal year 2024 was approximately SGD 61.8 million, a decrease of about 30.9% compared to the fiscal year 2023[9]. - Net profit fell approximately 79.7% from SGD 3.9 million in fiscal year 2023 to about SGD 0.8 million in fiscal year 2024[9]. - Gross profit for the fiscal year was approximately SGD 18.9 million, down approximately 31.5% from SGD 27.6 million in the previous year[78]. - Profit attributable to shareholders for the year was approximately SGD 0.3 million, compared to SGD 2.9 million in 2023[78]. - The total cash and cash equivalents as of December 31, 2024, were approximately SGD 31.7 million, an increase from SGD 28.4 million in 2023, after deducting the dividend distribution of approximately SGD 1.3 million for the year[78]. - The group maintained a stable gross profit margin of 30.6% for the year ending December 31, 2024, compared to 30.8% in 2023[87]. - The group’s total cash and cash equivalents increased to approximately SGD 31.7 million as of December 31, 2024, compared to SGD 28.4 million in 2023[96]. - Employee costs, including director remuneration, were approximately SGD 7.6 million for the year ended December 31, 2024, down from SGD 8.8 million in 2023[112]. Revenue Breakdown - Revenue from the US furniture sales segment was approximately SGD 39.4 million, a decrease of about 30.1%, accounting for approximately 63.7% of total group revenue[9]. - Revenue from the interior design segment was approximately SGD 5.3 million, a decrease of about 38.4% due to a slowdown in the high-end real estate market[10]. - Furniture sales segment generated revenue of approximately SGD 17.1 million for the year ending December 31, 2024, down from SGD 24.5 million in 2023, primarily due to a slowdown in the high-end residential market[80]. - Revenue from Singapore sales points decreased to approximately SGD 9.2 million for the year ending December 31, 2024, compared to SGD 14.9 million in 2023[80]. - Interior design and renovation services revenue decreased from approximately SGD 8.6 million in the fiscal year ending December 31, 2023, to approximately SGD 5.3 million for the fiscal year ending December 31, 2024, a decline of about 38.4%[82]. - Total group revenue decreased by approximately 30.9% from SGD 89.5 million for the fiscal year ending December 31, 2023, to approximately SGD 61.8 million for the fiscal year ending December 31, 2024[86]. Corporate Governance - The company has adopted corporate governance standards in line with the Hong Kong Stock Exchange's listing rules to enhance transparency and accountability[15]. - The board consists of eight members, including three executive directors, two non-executive directors, and three independent non-executive directors[22]. - The company held four board meetings during the reporting period, with most directors in attendance[24]. - The company has adopted the standard code of conduct for securities transactions as per the Listing Rules[18]. - All directors confirmed compliance with the standard code throughout the reporting period[19]. - The company will establish written guidelines for employees regarding securities transactions to ensure compliance with sensitive price-sensitive information[19]. - The board is responsible for leading and monitoring the company, ensuring effective internal controls and risk management systems[30]. - The company provides appropriate insurance coverage for directors and senior management against legal claims arising from business activities[31]. - Directors are encouraged to participate in ongoing professional development to maintain relevant knowledge and skills[33]. - The remuneration committee ensures that no director determines their own remuneration, adhering to corporate governance guidelines[40]. - The company has adopted a nomination policy outlining key selection criteria and principles for board appointments and succession planning[51]. Risk Management - The board confirmed the effectiveness of its risk management and internal control systems, which include regular monitoring of economic and market conditions in key operational countries[55]. - The company has implemented strict quality control policies to mitigate operational risks, including surprise inspections of suppliers and monitoring of logistics performance[55]. - The group faces market risks due to economic and policy changes in countries where it operates, including the USA, Singapore, and Malaysia[105]. - Credit risk primarily arises from trade receivables from US customers, with established credit terms and procedures for collection[107]. - The group is exposed to foreign exchange risks due to fluctuations in exchange rates between SGD and currencies such as USD and EUR[108]. Future Outlook - The company anticipates challenges in fiscal year 2025 due to ongoing high interest rates and geopolitical tensions affecting consumer spending and furniture demand[11]. - The company is focused on seeking new business activities beneficial to shareholders during this challenging period[76]. - The company plans to enhance its digital marketing strategies, aiming for a 40% increase in online sales[125]. - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming for $187.5 million[125]. - New product launches are expected to contribute an additional $30 million in revenue, with a focus on innovative designs and sustainability[125]. - A strategic acquisition of a local competitor is anticipated to enhance operational capabilities and increase market penetration[125]. Employee and Board Diversity - The company has 104 full-time employees as of December 31, 2024, down from 123 in 2023, with a gender distribution of 39 males and 65 females[46]. - As of December 31, 2024, the board has two female members, representing 25% of the total board composition, with a goal to maintain or increase this level[45]. - The board emphasizes the importance of diversity in achieving strategic goals and sustainable development, considering various factors such as gender, age, and professional experience[47]. - The company is committed to maintaining gender diversity and equality in its workforce and providing career development opportunities for all employees[46]. - The nomination committee will report on board composition and monitor the implementation of the board diversity policy annually[45]. Shareholder Information - The group did not recommend a final dividend for the year ended December 31, 2024, compared to a final dividend of HKD 0.38 per share in 2023[116]. - The largest customer accounted for approximately 23.6% of the group's revenue, while the top five customers collectively represented about 65.6%[164]. - The group’s major suppliers accounted for approximately 28.9% of total purchases, with the largest supplier representing about 7.7%[164]. - The company does not have any tax relief or exemptions for shareholders related to holding its securities[180]. - The company has not granted any rights to directors or their family members to acquire shares or securities since its incorporation[188].

Financial Performance - Total revenue for the year ended December 31, 2024, was SGD 61.831 million, a decrease of 30.9% compared to SGD 89.506 million in 2023[3] - Gross profit for the same period was SGD 18.916 million, down 31.5% from SGD 27.611 million in the previous year[3] - Net profit for the year was SGD 789,000, representing a significant decline of 79.7% from SGD 3.882 million in 2023[3] - Earnings per share attributable to shareholders decreased by 85.7%, from 0.14 cents to 0.02 cents[3] - The company reported a total comprehensive income of SGD 1.573 million for the year, down from SGD 3.300 million in 2023[4] - The group reported a pre-tax profit of SGD 321,000 for the year ended December 31, 2024, a significant decrease from SGD 2,892,000 in 2023[29] - Net profit decreased by approximately 79.7% from approximately SGD 3.9 million for the fiscal year ending December 31, 2023, to approximately SGD 0.8 million for the fiscal year ending December 31, 2024, primarily due to reduced revenue[54] Assets and Liabilities - Total assets as of December 31, 2024, amounted to SGD 68.393 million, down from SGD 72.044 million in 2023[5] - Current liabilities decreased from SGD 18.843 million in 2023 to SGD 15.082 million in 2024[5] - Non-current liabilities totaled SGD 10.254 million, a decrease from SGD 11.524 million in the previous year[6] - The total assets of the group amounted to SGD 81,488,000, with the furniture sales segment holding SGD 42,134,000 in assets[16] - The group reported a total liability of SGD 25,336,000, with the furniture sales segment accounting for SGD 14,382,000[16] - The group's trade receivables decreased to SGD 5.784 million in 2024 from SGD 8.748 million in 2023, reflecting a reduction of approximately 33.5%[32] - The expected credit loss provision for trade receivables was SGD 241,000 in 2024, down from SGD 559,000 in 2023, indicating a decrease of approximately 56.8%[36] - The aging analysis of trade receivables showed that amounts overdue by more than three months increased to SGD 291,000 in 2024 from SGD 11,000 in 2023, a significant increase[35] - The trade payables increased to SGD 3.080 million in 2024 from SGD 2.845 million in 2023, reflecting an increase of approximately 8.2%[39] - The expected credit loss provision for overdue trade receivables over three months was 40.73% in 2024, a significant decrease from 98.53% in 2023[37] Revenue Breakdown - The total segment revenue for the year ended December 31, 2024, was SGD 62,068,000, with the largest contribution from furniture sales at SGD 39,398,000[16] - The group’s revenue from customer contracts totaled SGD 61,831,000, with SGD 39,398,000 derived from furniture sales[22] - The revenue recognized at a point in time was SGD 48,590,000, while revenue recognized over time was SGD 13,241,000[22] - The revenue from the US furniture sales segment was approximately SGD 39.4 million for the fiscal year 2024, down about 30.1% from SGD 56.4 million in 2023, accounting for approximately 63.7% of the group's total revenue[42] - The furniture sales division generated revenue of approximately SGD 17.1 million for the fiscal year ending December 31, 2024, down from approximately SGD 24.5 million in 2023, primarily due to a slowdown in the high-end residential market[44] - Revenue from Singapore sales points decreased to approximately SGD 9.2 million for the fiscal year ending December 31, 2024, compared to approximately SGD 14.9 million in 2023[44] - The interior design division's revenue decreased from approximately SGD 8.6 million for the fiscal year ending December 31, 2023, to approximately SGD 5.3 million for the fiscal year ending December 31, 2024, a decline of about SGD 3.3 million[45] Expenses and Costs - Selling and distribution expenses decreased by approximately SGD 2.3 million or 16.6%, from approximately SGD 13.8 million for the fiscal year ending December 31, 2023, to approximately SGD 11.5 million for the fiscal year ending December 31, 2024[49] - Administrative expenses decreased by approximately SGD 2.6 million or 27.0%, from approximately SGD 9.5 million for the fiscal year ending December 31, 2023, to approximately SGD 6.9 million for the fiscal year ending December 31, 2024[50] - Financing costs decreased by approximately 6.0% from approximately SGD 0.8 million for the fiscal year ending December 31, 2023, to approximately SGD 0.7 million for the fiscal year ending December 31, 2024[51] - The total depreciation expense for the year was SGD 1,104,000, up from SGD 921,000 in 2023, indicating an increase of 19.8%[26] - The company incurred total financing costs of SGD 711,000 in 2024, slightly down from SGD 756,000 in 2023[25] Corporate Governance and Compliance - The group maintains a high level of corporate governance standards, ensuring shareholder interests are protected[70] - The company has adopted the standard code of conduct for securities trading as per the listing rules, confirming compliance by all directors during the reporting period[75] - The audit committee consists of five members, including independent non-executive directors, with the chairman being Lin Wenzheng[78] - The audit committee has reviewed the company's annual performance for the fiscal year ending December 31, 2024[79] - The company's auditor, Ernst & Young, confirmed that the financial data in the preliminary announcement aligns with the consolidated financial statements for the year[80] - The board of directors includes both executive and non-executive members, ensuring compliance with governance standards[82] Future Outlook and Shareholder Information - The board does not recommend a final dividend for the year ended December 31, 2024, maintaining the previous year's dividend of SGD 0.0038 per share[28] - The annual general meeting is scheduled for June 16, 2025, with relevant information to be published in accordance with listing rules[76] - Share registration will be suspended from June 11 to June 16, 2025, to determine eligibility for attending the annual general meeting and voting[77] - The annual report for the fiscal year ending December 31, 2024, will be sent to shareholders as needed and available on the company's website[81]

DESIGN CAPITAL LIMITED 設計都會有限公司 FEND 中期報告 2024 於開曼群島註冊成立之有限公司 股份代號 1545 | --- | --- | --- | --- | |-------|-------|----------------------------------|-------| | | | | | | | | | | | | | 目錄 | | | | | | | | | | | | | | 2 | 公司資料 | | | | 3 | 管理層討論及分析 | | | | 7 | 中期簡明綜合損益及其他全面收益表 | | | | 9 | 中期簡明綜合財務狀況表 | | | | 11 | 中期簡明綜合權益變動表 | | | | 13 | 中期簡明綜合現金流量表 | | | | 15 | 中期簡明綜合財務報表附註 | | | | 29 | 其他資料 | | 設計都會有限公司 / 2024年中期報告 FEND 公司資料 | --- | --- | |------------------------------------------------|-------------------- ...