Financial Position - Total assets as of June 30, 2023, amounted to SGD 402,672 thousand, compared to SGD 400,370 thousand as of December 31, 2022, reflecting a slight increase[11]. - Non-current assets totaled SGD 162,652 thousand as of June 30, 2023, compared to SGD 161,519 thousand as of December 31, 2022, indicating growth in long-term investments[11]. - Current assets decreased slightly to SGD 240,020 thousand as of June 30, 2023, from SGD 238,851 thousand as of December 31, 2022[11]. - Total equity increased to SGD 249,200 thousand as of June 30, 2023, from SGD 242,600 thousand as of December 31, 2022, showing a positive trend in shareholder value[11]. - The company reported a total liability of SGD 153,472 thousand as of June 30, 2023, down from SGD 157,770 thousand as of December 31, 2022, indicating improved financial health[11]. - The company’s total liabilities decreased by approximately 2% from the previous reporting period, showcasing effective debt management strategies[11]. - The company’s total liabilities decreased to 98,860 thousand SGD as of June 30, 2023, compared to 103,391 thousand SGD at the end of 2022, reflecting a reduction of approximately 4.9%[37]. - The company’s cash and bank balances decreased to 51,557 thousand SGD as of June 30, 2023, down from 56,554 thousand SGD at the end of 2022[37]. - The carrying amount of leasehold properties mortgaged against bank loans was 18,799,000 Singapore dollars as of June 30, 2023, compared to 19,610,000 Singapore dollars as of December 31, 2022[106]. - The company's total borrowings amounted to 33,815,000 Singapore dollars as of June 30, 2023, slightly down from 33,875,000 Singapore dollars as of December 31, 2022[116]. - The group's total borrowings amounted to SGD 33.9 million as of June 30, 2023, a slight decrease from SGD 34.1 million as of December 31, 2022[196]. Revenue and Profitability - Revenue for the six months ended June 30, 2023, was 169,154 thousand SGD, a decrease from 190,707 thousand SGD in the same period of 2022, representing a decline of approximately 11.3%[21]. - Gross profit for the same period was 44,327 thousand SGD, down from 54,078 thousand SGD, indicating a decrease of about 18.0%[21]. - Net profit before tax decreased to 13,346 thousand SGD from 20,713 thousand SGD, reflecting a decline of approximately 35.5%[21]. - The company reported a net profit of 9,061 thousand SGD for the period, compared to 16,133 thousand SGD in the previous year, a decrease of around 43.8%[21]. - Basic and diluted earnings per share were 1.04 SGD, down from 2.52 SGD, representing a decline of approximately 58.8%[21]. - The company reported a significant increase in external sales, reaching 142,021 thousand SGD in the first half of 2023, up from 131,575 thousand SGD in the same period of 2022, marking a growth of approximately 7.5%[37]. - The net profit for the first half of 2023 was 20,713 thousand SGD, compared to 13,346 thousand SGD in the first half of 2022, indicating a significant increase of about 55.1%[37]. - For the six months ended June 30, 2023, total revenue was 3,493 thousand SGD, compared to 1,985 thousand SGD for the same period in 2022, representing a growth of approximately 76%[63]. - The company reported a net profit of 4,580 thousand SGD for the six months ended June 30, 2023, down from 11,070 thousand SGD in the same period of 2022, reflecting a decrease of 58.7%[85]. - Basic and diluted earnings per share for the period were 1.04 cents, compared to 2.52 cents in the previous year, marking a decline of 58.7%[85]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period decreased to 49,572 thousand SGD from 73,029 thousand SGD, a reduction of about 32.2%[27]. - Operating cash flow before changes in working capital was 17,440 thousand SGD, compared to 21,754 thousand SGD, a decrease of approximately 19.5%[25]. - The company incurred financing costs of 2,071 thousand SGD, an increase from 1,257 thousand SGD, reflecting a rise of about 64.5%[21]. - Financing costs for the six months ended June 30, 2023, totaled 2,071 thousand SGD, compared to 1,257 thousand SGD in 2022, indicating an increase of 64.7%[79]. - The group maintained a strong cash and bank balance of 51.6 million SGD as of June 30, 2023[151]. - The group's cash and bank balances as of June 30, 2023, were approximately SGD 51.6 million, an increase of about 8.8% from SGD 56.6 million as of December 31, 2022[194]. Investments and Growth Plans - The company plans to continue focusing on technology consulting and management services, with potential expansions in industrial computing and engineering solutions[30]. - The company plans to continue expanding its renewable energy segment, which is part of its strategic growth initiatives[70]. - The company plans to continue monitoring its trade and other receivables closely, ensuring that the carrying value is measured at fair value after considering credit risk assessments[93]. - The company has reallocated unused proceeds from a placement for renewable energy business construction and working capital needs[199]. - The group expressed confidence in the long-term growth prospects of industrial automation, driven by rising labor costs and the need for competitiveness in global manufacturing[167]. Market and Economic Conditions - For the six months ended June 30, 2023, the company's revenue and net profit decreased by 11.3% and 43.8% year-on-year, respectively, due to economic downturns in China and cyclical industries such as semiconductors and electronics[123]. - The International Monetary Fund (IMF) projects growth for emerging and developing economies in Asia to rise from 4.5% in 2022 to 5.3% in 2023, with China's growth expected to increase from 3.0% to 5.2%[132]. - Non-China industrial automation revenue decreased by 30.0% year-on-year in the first half of 2023, reflecting the impact of a broad economic downturn[161]. - The group's revenue from Southeast Asia decreased by 26.5% compared to the second half of 2022, primarily due to revenue contraction from several semiconductor clients[126]. Taxation - The effective tax rate for the company in China is 25%, as per the Corporate Income Tax Law[67]. - The corporate tax rate applicable to entities registered in Singapore is 17%, while the rate for those in Malaysia is 24%[100].

新加坡證券交易所有限公司、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 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 ISDN HOLDINGS LIMITED 億 仕 登 控 股 有 限 公 司 （於 新 加 坡 共 和 國 註 冊 成 立 的 有 限 公 司） （香 港 股 份 代 號：1656） （新 加 坡 股 份 代 號：I07.SI） 未經審核中期業績公告 截至 2023 年 6 月 30 日止六個月 財務摘要 截至6月30日止六個月 2023年 2022年 變動百分比 千新元 千新元 % 收入 169,154 190,707 -11.3% 毛利 44,327 54,078 -18.0% 税後溢利 9,061 16,133 -43.8% ...

Financial Performance - The company reported a PATMI of SGD 27.9 million for the fiscal year 2022, reflecting a 33% increase in shareholder profit over five consecutive years[8]. - Revenue for the fiscal year 2022 reached SGD 370.8 million, with a cash growth from operations of over 165%[21]. - The company's revenue for the fiscal year 2022 was 370,779 thousand SGD, a decrease from 440,136 thousand SGD in 2019[51]. - Gross profit for 2022 was 105,888 thousand SGD, down from 120,384 thousand SGD in 2019[51]. - The profit attributable to equity holders of the company (PATMI) was 14,620 thousand SGD in 2022, compared to 25,485 thousand SGD in 2019[51]. - The company reported a revenue of 440,136 thousand SGD for the fiscal year 2021, showing a growth compared to 370,779 thousand SGD in 2020[109]. - Revenue for the fiscal year 2022 reached $1.2 billion, representing a 15% increase compared to the previous year[131]. Market and Growth Opportunities - The potential market for industrial automation in Asia is estimated to exceed USD 620 billion, highlighting significant growth opportunities[21]. - The company has seen a continuous increase in its market strength, supported by government initiatives for advanced automation in China[32]. - The company anticipates a historical year in 2023 as its hydropower stations begin to provide returns to investors[31]. - The company plans to expand its market presence by entering three new countries by the end of 2023, aiming for a 10% increase in overall market share[130]. - New product launches are expected to contribute an additional $200 million in revenue in the next fiscal year, with a focus on sustainable technology[128]. Sustainable Development and Environmental Commitment - The company emphasizes its commitment to sustainable development and aims to create shareholder value through clean energy initiatives[37]. - The company is committed to building a sustainable industrial future in Asia and has developed a range of renewable energy solutions[85]. - The company aims to leverage its proprietary clean industry solutions and clean energy product portfolio to contribute to sustainable development in Asia[108]. - The company has implemented measures to achieve carbon neutrality by 2060, including energy consumption monitoring and waste management strategies[164]. - The company has set a goal to reduce water consumption by 20% over the next three years, implementing rainwater harvesting systems[130]. - A total of 50 tons of scrap metal were recycled in the fiscal year 2022, highlighting the company's commitment to sustainability[143]. - The company aims to reduce fossil fuel consumption intensity by 10% by 2030, using the fiscal year 2021 as the baseline[188]. - The company achieved a 71% reduction in water consumption following the completion of projects in Vietnam in the fiscal year 2021[188]. Hydropower Investments - The company is actively involved in the construction of three hydropower stations in Indonesia, with the first one commencing commercial operations on December 31, 2022[37]. - The company expects the Laobin 1 hydropower station to generate an annual recurring net profit of 2.0 million SGD and recurring cash net profit of 2.9 million SGD for shareholders[62]. - The company anticipates a 27.0% return on investment from the Laobin 1 hydropower station, contributing to a 13.4% increase in net profit and a 19.7% increase in cash profit for shareholders[56]. - The company has seen a clear commercial value in hydropower investments, with the Laobin 1 hydropower station operational since December 2022[56]. - The company is focused on completing the commercial operations of the Xisila and Angochi hydropower stations, with potential to unlock equity value for shareholders[113]. - The company has invested in a 168 MW small hydropower station in Indonesia, promoting green energy solutions[130]. Employee and Workforce Development - The company has over 1,124 employees, with more than 33% being engineers, indicating a strong focus on technical expertise[21]. - The total employee count is 1,124, with 755 male and 369 female employees[194]. - The overall new employee rate is 19.0%, with a new employee rate of 67.9% for males aged 18-25 and 84.2% for females in the same age group[197]. - The company aims to increase employee training hours by 5% annually, enhancing workforce skills and productivity[130]. Operational Efficiency and Cost Management - Despite cyclical industry challenges, the company maintained strong discipline in operational costs and achieved a growing gross margin[111]. - The company has expanded its capabilities to include complete system engineering and production, integrating hardware, software, networks, and intelligence[82]. - The company's industrial automation business in Southeast Asia has achieved long-term growth despite cyclical impacts in 2022[101]. - The company has implemented measures to monitor and control natural resource emissions and consumption, focusing on energy use and GHG emissions[185]. - The company is committed to promoting a "paperless office" strategy through training and digital technology[188]. - The company has adjusted its packaging material usage recording methods to accurately measure the weight of each type of packaging material[188]. - The company has set short-term goals to further reduce overall water consumption and improve measurement and data collection practices[188]. User Engagement and Market Presence - The company reported a significant increase in user engagement, with a 25% year-over-year growth in active users for Q1 2022[123].

Financial Performance - Revenue for the first half of 2022 was 190,707 thousand SGD, a decrease of 12.1% compared to 217,158 thousand SGD in the same period of 2021[6] - Gross profit for the first half of 2022 was 54,078 thousand SGD, down from 58,193 thousand SGD in the previous year, reflecting a gross margin of 28.4%[6] - Net profit for the period was 16,133 thousand SGD, a decline of 16.5% from 19,388 thousand SGD in the first half of 2021[6] - Total comprehensive income for the period was 13,738 thousand SGD, compared to 21,151 thousand SGD in the same period last year, representing a decrease of 35.1%[6] - The company reported a basic and diluted earnings per share of 2.52 SGD for the first half of 2022, down from 2.79 SGD in the same period of 2021[6] - The company reported a net profit of SGD 16.1 million for the six months ended June 30, 2022, compared to SGD 19.4 million in the prior year, representing a decrease of 17.0%[22] - The group reported a 9.0% decline in net profit attributable to shareholders, primarily due to the revenue drop, but cost control measures helped mitigate the impact[87] Assets and Liabilities - Total assets as of June 30, 2022, amounted to 436,254 thousand SGD, an increase from 415,265 thousand SGD at the end of 2021[8] - Current assets increased to 270,768 thousand SGD from 257,719 thousand SGD, primarily driven by higher inventory levels[8] - Total equity as of June 30, 2022, was 246,975 thousand SGD, a decrease of 2,395 thousand SGD compared to the beginning of the year[9] - The company’s total liabilities decreased to 197,136 thousand SGD from 206,250 thousand SGD at the beginning of the year[9] - The company’s liabilities totaled SGD 176.0 million as of June 30, 2022, compared to SGD 168.3 million at the end of the previous year, reflecting an increase of 4.1%[22] Cash Flow and Liquidity - Cash flow from operating activities before tax profit was 20,713 thousand SGD, down from 26,066 thousand SGD in the same period last year, representing a decrease of approximately 20.5%[11] - The company reported a net cash inflow from operating activities of 16,258 thousand SGD, compared to a net outflow of 727 thousand SGD in the same period last year[11] - Cash and bank balances rose to 75,731 thousand SGD, up from 61,681 thousand SGD, indicating improved liquidity[8] - Cash and cash equivalents increased by 14,070 thousand SGD, reaching a total of 73,029 thousand SGD at the end of the period[12] - The group's cash and bank balances as of June 30, 2022, totaled SGD 75.731 million, compared to SGD 61.681 million as of December 31, 2021, reflecting a significant increase[124] Operational Highlights - The company plans to focus on market expansion and new product development to drive future growth[5] - The company plans to continue focusing on expanding its engineering solutions and exploring new markets to drive future growth[22] - The group continues to see long-term demand for industrial automation solutions in Asia, driven by the need to alleviate labor cost pressures and enhance manufacturing capabilities[86][92] - The group is investing in expanding its product offerings into software, systems, and IoT connectivity to deepen market share[93] - The revenue from small hydropower stations in Indonesia reached SGD 6.1 million in the first half of 2022, contributing positively to overall performance[94][97] Shareholder Information - The board of directors did not recommend an interim dividend for the first half of 2022, consistent with the previous year[140] - The company declared a final tax-exempt dividend of 1.45 cents per share for the fiscal year, totaling 6,360 thousand SGD, compared to 0.8 cents per share and 3,483 thousand SGD in 2021[58] - As of June 30, 2022, the company had a total of 438,638,533 shares issued, with Mr. Zhang holding 141,189,015 shares, representing approximately 32.19% of the issued share capital[144] Corporate Governance - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting processes[164] - The company complies with the Singapore Code of Corporate Governance and the Hong Kong Corporate Governance Code, enhancing shareholder value[160] - The financial data for the period ending June 30, 2022, has not been audited but has been reviewed by the audit committee[164] - The company has adopted internal compliance rules in accordance with the Singapore Exchange Listing Manual and Standard Code[161] Employee and Operational Costs - Employee costs (excluding directors) rose to 18,904 thousand SGD in 2022 from 16,318 thousand SGD in 2021, an increase of 16.0%[57] - Total administrative expenses increased to 1,891 thousand SGD in 2022 from 1,764 thousand SGD in 2021, representing a rise of 7.2%[57] - Distribution costs slightly increased by approximately SGD 0.2 million or 1.6% to SGD 14.9 million, mainly due to higher salaries and related expenses[99] - Administrative expenses rose by approximately SGD 0.7 million or 3.8% to SGD 19.5 million, driven by increased salaries and related costs due to reduced government subsidies[100]

Financial Performance - Revenue for the fiscal year 2021 reached $440.1 million, marking a historical high[10] - Shareholder profit for 2021 was $25.5 million, also a historical high, with a 74% increase in net profit compared to fiscal year 2020[10] - The company achieved a 248% increase in basic earnings per share over three years, reaching 5.84 Singapore cents in fiscal year 2021[14] - The company has experienced eight consecutive quarters of record growth, with fiscal year 2021 results being the best in terms of revenue, shareholder profit, and dividends[22] - In FY2021, the company achieved a revenue of SGD 440.1 million, representing a year-on-year growth of 21.6%[27] - Gross profit for FY2021 increased by 26.0% to SGD 124.0 million, with a gross margin of 27.4%[27] - Net profit for FY2021 reached SGD 39.1 million, marking a significant year-on-year increase of 73.6%[27] - Total revenue for the fiscal year 2021 rose to 440.1 million SGD, an increase of approximately 78.3 million SGD or 21.6% from 361.9 million SGD in the fiscal year 2020[72][75] - The gross profit margin for the fiscal year 2021 improved to 27.4%, up 1.0 percentage point from 26.4% in the previous fiscal year[73] - The group's net profit after tax for the fiscal year 2021 increased by 73.6%, marking the highest annual profit in its history[66] Market and Growth Opportunities - The potential market for industrial automation in Asia is estimated to exceed $620 billion[10] - The Asia-Pacific factory automation and industrial control market has a potential market size exceeding USD 60 billion, with a projected CAGR of 10.87% from 2021 to 2026[28] - The growth in revenue was primarily driven by strong demand for industrial automation in China and Southeast Asia, as well as diverse industries including healthcare, semiconductors, automotive, manufacturing, and electronics[65] - The management noted that the long-term growth in industrial automation demand in Asia is expected to continue, driven by companies seeking to improve productivity and competitiveness[65] - The company is focused on maintaining strong relationships with clients and developing new marketing strategies for its industrial computing systems[58] Investments and Projects - The company is preparing for strong progress in its clean energy projects, including a 10 MW hydroelectric project expected to commercialize in 2022[20] - The company has invested in Whizpace to enhance capabilities in large-scale industrial automation, including IoT and distributed automation[28] - The company has invested in three small hydropower plants in Southeast Asia, demonstrating its commitment to sustainable industrial practices[39] - The group confirmed construction revenue of approximately 9.5 million SGD from small hydropower plants in Indonesia during the fiscal year 2021[71] - The company plans to construct a new building in China's industrial park, increasing total building area by approximately 39%[29] Operational Efficiency and Strategy - The company has established five operational excellence pillars to enhance productivity and operational infrastructure[23] - The company plans to further integrate its various technology products across Asia to enhance operational efficiency and service delivery[57] - The company is committed to enhancing its operational efficiency and exploring new business opportunities in the Asia-Pacific region[49] - The company is focused on integrating its core business with clean industrial solutions, reflecting a commitment to sustainable industrial practices[26] Corporate Governance - The company has been actively involved in corporate governance and compliance, ensuring adherence to Singapore's regulatory requirements[48] - The board is committed to ensuring the highest standards of corporate governance to enhance shareholder value and the group's financial performance[114] - The company has established a code of conduct and ethical standards to ensure accountability within the organization[116] - The independent auditors have not identified any significant uncertainties that may cast doubt on the group's ability to continue as a going concern[116] - The board has established a process to evaluate the skills, knowledge, and experience of its members annually[167] Human Resources and Management - The total number of enterprise customers exceeded 10,000 across Asia, with over 1,050 employees, of which more than 31% are engineers[12] - The group employed a total of 1,052 staff as of December 31, 2021, an increase from 950 staff in 2020[108] - The management team has a wealth of experience in sales, technical support, and product development, which is crucial for driving future growth[59] - The company recognizes the need to offer competitive remuneration to attract and retain directors and executives with the necessary experience and expertise[187] Dividends and Shareholder Returns - The company declared a final dividend of SGD 0.0145 per share, equivalent to 8.35 HK cents[27] - The group proposed a final dividend of 1.45 Singapore cents per share, equivalent to 8.35 Hong Kong cents, for the fiscal year 2021[66] Sustainability and Innovation - The company is well-prepared for the ongoing shift towards sustainable industrial solutions, having invested in clean energy and hydroelectric projects[25] - The company focuses on renewable energy solutions for solar, energy storage, and smart energy grids, contributing to a cleaner industrial future in Asia[39] - The company is committed to developing advanced industrial practices and technologies to support its clients' sustainable transitions[39] Board Composition and Diversity - The board consists of a diverse group of members, ensuring decisions align with the company's best interests[138] - The company has established a board diversity policy to ensure a balance of skills, experience, and perspectives among board members[148] - The board is composed of at least one-third independent non-executive directors, as mandated by listing regulations[147]

h V2DVH이션Bar 僧江夏短版 2021 ＊ 期 報 者 自動化亞洲的未來 展出版 k P ■■● 於新加坡註冊成立的有限公司 新加坡股份代號： 107SI 香港股份代號： 1656 Interim Report 2021 中期報告2021 3 目錄 公司資料 01 簡要綜合全面收益表 02 簡要綜合財務狀况表 03 簡要綜合權益變動表 04 簡要綜合現金流量表 06 簡要綜合財務報表附註 23 管理層討論及分析 32 其他資料 *倘英文版與中文版有任何歧異，概以英文版為準 公司资料 公司註冊號碼 200416788Z 風險管理委員會 林汕鍇（主席） 蘇明慶 陳順亮 董事 林汕鍇（主席） 張子鈞 孔德揚 蘇明慶 陳順亮 Toh Hsiang-Wen Keith 新加坡股份過戶登記總處 Boardroom Corporate & Advisory Services Pte Ltd 50 Raffles Place #32-01 Singapore Land Tower Singapore 048623 註冊辦事處 No. 101 Defu Lane 10 Singapore 539222 核數師 馬施雲有 ...

LIMITE D | --- | |-------| | | | | | | 2020 自動化亞洲的未來 年报 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | 於新加坡註冊成立的有限公司 新加坡股份代號：I07.SI 香港股份代號：1656 目录 01 公司歷程 02 公司資料 03 五年財務摘要 04 主要摘要和財務趨勢 06 總裁致辭 08 公司簡介 10 董事會 12 董事職位 13 高級行政人員 14 管理層討論與分析 21 企業管治報告 58 董事會報告 81 獨立核數師報告 88 財務報表 * 倘英文版與中文版有任何歧異，概以英文版為準 公司 历程 億仕登控股有限公司是一家工程解決方案公 司，專業從事集成精密工程和工業計算解決 方案。公司提供各種工程服務，其主要客戶 是生產對精密控制有專業要求的產品和設備 的製 ...

[Company Information](index=4&type=section&id=公司資料) Basic corporate governance details of ISDN Holdings Limited, including registration, board members, committees, and auditors [Basic Company Information](index=4&type=section&id=公司基本信息) ISDN Holdings Limited's registration details, board members, key committee composition, registered office, joint company secretaries, share registrar, and auditors - Company registration number: **200416788Z**[4](index=4&type=chunk) - Chairman of the Board: **Lim Shan Kai**[4](index=4&type=chunk) - Registered office: No. 10 Kaki Bukit Road 1, 01-30 KB Industrial Building, Singapore 416175[4](index=4&type=chunk) - Chairman of the Audit Committee: **Lim Shan Kai**[4](index=4&type=chunk) [Condensed Interim Consolidated Statement of Comprehensive Income](index=5&type=section&id=简要综合全面收益表) Overview of ISDN Holdings Limited's financial performance for the first half of 2020 [H1 2020 Financial Performance](index=5&type=section&id=2020年上半年财务表现) ISDN Holdings Limited's H1 2020 revenue increased by 13.8% to S$167,185 thousand, gross profit rose 10.5% to S$41,335 thousand, profit for the period surged 54.7% to S$12,882 thousand, and basic EPS increased to 2.23 Singapore cents H1 2020 Financial Performance (S$ thousand) | Indicator | 2020 (Unaudited) | 2019 (Unaudited) | Change | | :--- | :--- | :--- | :--- | | Revenue | 167,185 | 146,963 | +13.8% | | Cost of sales | (125,850) | (109,564) | +14.9% | | Gross profit | 41,335 | 37,399 | +10.5% | | Other operating income | 2,483 | 2,331 | +6.5% | | Distribution costs | (11,534) | (12,363) | -6.7% | | Administrative expenses | (15,328) | (15,179) | +1.0% | | Finance costs | (972) | (827) | +17.5% | | Profit for the period | 12,882 | 8,324 | +54.7% | | Total comprehensive income for the period | 14,925 | 7,262 | +105.5% | | Basic and diluted earnings per share | 2.23 Singapore cents | 1.35 Singapore cents | +65.2% | [Condensed Interim Consolidated Statement of Financial Position](index=6&type=section&id=简要综合财务状况表) Overview of ISDN Holdings Limited's financial position as of June 30, 2020 [Financial Position as of June 30, 2020](index=6&type=section&id=2020年6月30日财务状况) As of June 30, 2020, total assets increased by 15.4% to S$348,386 thousand, with growth in both non-current and current assets, notably in service concession receivables and inventories; total liabilities also rose 31.0% to S$135,182 thousand, driven by increased bank borrowings and trade and other payables Financial Position (S$ thousand) | Indicator | June 30, 2020 (Unaudited) | December 31, 2019 (Audited) | Change | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Total non-current assets | 128,335 | 98,829 | +29.8% | | Total current assets | 220,051 | 202,933 | +8.4% | | Total assets | 348,386 | 301,762 | +15.4% | | **Equity and Liabilities** | | | | | Total equity | 213,204 | 198,570 | +7.4% | | Total non-current liabilities | 17,679 | 9,060 | +95.1% | | Total current liabilities | 117,503 | 94,132 | +24.8% | | Total liabilities | 135,182 | 103,192 | +31.0% | [Condensed Interim Consolidated Statement of Changes in Equity](index=7&type=section&id=简要综合权益变动表) Overview of ISDN Holdings Limited's equity changes for the first half of 2020 [H1 2020 Equity Changes](index=7&type=section&id=2020年上半年权益变动) As of June 30, 2020, total equity attributable to equity holders increased from S$152,745 thousand at end-2019 to S$163,816 thousand, primarily due to profit for the period of S$9,572 thousand and an increase in exchange fluctuation reserve; non-controlling interests also rose from S$45,825 thousand to S$49,388 thousand Equity Changes (S$ thousand) | Indicator | June 30, 2020 (Unaudited) | January 1, 2019 (Audited) | | :--- | :--- | :--- | | Total equity attributable to equity holders of the Company | 163,816 | 143,751 | | Non-controlling interests | 49,388 | 44,067 | | Profit for the period (attributable to equity holders of the Company) | 9,572 | 5,548 | | Total comprehensive income for the period (attributable to equity holders of the Company) | 11,071 | 4,625 | | Exchange fluctuation reserve | (2,878) | (2,053) | [Condensed Interim Consolidated Statement of Cash Flows](index=8&type=section&id=简要综合现金流量表) Overview of ISDN Holdings Limited's cash flow performance for the first half of 2020 [H1 2020 Cash Flows](index=8&type=section&id=2020年上半年现金流量) In H1 2020, net cash from operating activities improved significantly to S$3,987 thousand, while net cash from investing activities was S$3,204 thousand, mainly from repayment by an associate and disposal of interest in an associate; net cash from financing activities was S$7,451 thousand, primarily from bank loans, with cash and cash equivalents increasing to S$45,210 thousand at period-end Cash Flows (S$ thousand) | Indicator | 2020 (Unaudited) | 2019 (Unaudited) | Change | | :--- | :--- | :--- | :--- | | Net cash from/(used in) operating activities | 3,987 | (5,318) | Significant improvement | | Net cash from/(used in) investing activities | 3,204 | (2,211) | Significant improvement | | Net cash from financing activities | 7,451 | 4,423 | +68.5% | | Net increase/(decrease) in cash and cash equivalents | 14,642 | (3,106) | Significant improvement | | Cash and cash equivalents at end of period | 45,210 | 34,231 | +32.1% | [Notes to the Condensed Interim Consolidated Financial Statements](index=10&type=section&id=简要综合财务报表附註) This section details the notes to ISDN Holdings Limited's H1 2020 financial statements, covering company information, accounting policies, segment data, income and expense breakdowns, asset and liability composition, share capital changes, borrowings, capital commitments, guarantees, and related party transactions, providing supplementary information and context for understanding the financial statements [1 General Information](index=10&type=section&id=1%20一般资料) ISDN Holdings Limited is a public company registered in Singapore and listed on SGX and HKEX, primarily engaged in technology consulting, training, and management services, with subsidiaries focusing on motion control, industrial computing, specialized engineering solutions, and hydropower plant construction; the company is controlled by Assetraise Holdings Limited, ultimately beneficially owned by Mr. Teo Cher Koon and his spouse - Company registered and headquartered in Singapore, listed on **SGX** and **HKEX Main Board**[20](index=20&type=chunk) - Primary businesses: **Technology consulting, training services, and management services**[20](index=20&type=chunk) - Subsidiaries' main businesses: **Motion control, industrial computing, other specialized engineering solutions, and hydropower plant construction**[20](index=20&type=chunk) - Direct and ultimate holding company is Assetraise Holdings Limited, beneficially owned by the company's President and Managing Director, **Mr. Teo Cher Koon**, and his spouse[20](index=20&type=chunk) [2 Summary of Significant Accounting Policies](index=10&type=section&id=2%20主要会计政策概要) This section outlines the significant accounting policies used by ISDN Holdings Limited in preparing its interim consolidated financial statements, including compliance with SFRS(I) 1-34 and HKEX Listing Rules, using historical cost and fair value measurements; it also lists new and amended standards adopted and issued but not yet effective, noting no material impact on financial performance or position [2 (a) Basis of Preparation](index=10&type=section&id=2%20(a)%20編製基準) The interim consolidated financial statements are prepared in accordance with SFRS(I) 1-34 and HKEX Listing Rules Appendix 16 disclosure requirements, on a historical cost basis, with certain financial assets and liabilities measured at fair value, and presented in Singapore Dollars - Prepared in accordance with **SFRS(I) 1-34** and **HKEX Listing Rules Appendix 16**[21](index=21&type=chunk) - Measurement basis: **Historical cost**, with certain financial assets and liabilities measured at fair value[21](index=21&type=chunk) - Currency unit: **Singapore Dollars (S$ thousand)**[21](index=21&type=chunk) - Accounting policies are consistent with the audited financial statements for the year ended December 31, 2019[22](index=22&type=chunk) [2 (i) Adoption of New and Revised Singapore Financial Reporting Standards (International) Effective](index=11&type=section&id=2%20(i)%20採納已生效的新加坡財務報告準則（國際）) The Group has adopted all new and amended SFRS(I) effective from January 1, 2020, including amendments related to long-term interests in associates and joint ventures, business combinations, and interest rate benchmark reform, with no significant changes to accounting policies or material impact on financial performance or position - Adopted new and amended SFRS(I) effective from **January 1, 2020**[25](index=25&type=chunk) - Adopted standards include: Amendments to **SFRS(I) 1-28** (Long-term Interests in Associates and Joint Ventures), **SFRS(I) 3** (Business Combinations), and **SFRS(I) 9, 1-39, 7** (Interest Rate Benchmark Reform)[26](index=26&type=chunk) - Adoption of these amendments had no material impact on the Group's accounting policies, financial performance, or financial position[26](index=26&type=chunk) [2 (ii) New and Revised Singapore Financial Reporting Standards (International) Issued But Not Yet Effective](index=11&type=section&id=2%20(ii)%20已頒佈但未生效的新訂及經修訂新加坡財務報告準則（國際）) As of the financial statement date, new and amended SFRS(I) issued but not yet effective include SFRS(I) 16 (COVID-19-Related Rent Concessions, effective June 1, 2020) and SFRS(I) 1 (Classification of Liabilities as Current or Non-current, effective January 1, 2023) - Issued but not yet effective standards: **SFRS(I) 16** (Leases - COVID-19-Related Rent Concessions, effective **June 1, 2020**)[27](index=27&type=chunk) - Issued but not yet effective standards: **SFRS(I) 1** (Classification of Liabilities as Current or Non-current, effective **January 1, 2023**)[27](index=27&type=chunk) [3 Segment Information](index=12&type=section&id=3%20分部资料) This section discloses ISDN Holdings Limited's segment information by business and geographical location, with business segments including motion control, other specialized engineering solutions, and industrial computing solutions, and geographical segments primarily operating in Singapore, China, Hong Kong, and Malaysia, with China contributing the majority of revenue [3 (a) Reportable Operating Segments](index=12&type=section&id=3%20(a)%20可申報營運分部) The Group's businesses are categorized into Engineering Solutions - Motion Control, Other Specialized Engineering Solutions, and Industrial Computing Solutions; in H1 2020, the Engineering Solutions - Motion Control segment generated the highest revenue of S$116,353 thousand and segment results of S$15,251 thousand Segment Performance (S$ thousand) | Segment | External Sales (2020) | External Sales (2019) | Segment Results (2020) | Segment Results (2019) | | :--- | :--- | :--- | :--- | :--- | | Engineering Solutions - Motion Control | 116,353 | 112,080 | 15,251 | 11,077 | | Other Specialized Engineering Solutions | 26,736 | 28,848 | 1,180 | 1,711 | | Industrial Computing Solutions | 4,009 | 3,346 | 791 | 538 | | Others | 20,087 | 2,689 | 727 | (734) | | **Total** | **167,185** | **146,963** | **17,949** | **12,592** | - Profit before income tax: **S$16,633 thousand** in H1 2020, **S$10,921 thousand** in H1 2019[32](index=32&type=chunk) - Total consolidated assets: **S$348,386 thousand** as of June 30, 2020, **S$301,762 thousand** as of December 31, 2019[32](index=32&type=chunk) - Total consolidated liabilities: **S$135,182 thousand** as of June 30, 2020, **S$103,192 thousand** as of December 31, 2019[32](index=32&type=chunk) [3 (b) Geographical Segments](index=15&type=section&id=3%20(b)%20地區分部) The Group operates in four main geographical regions: Singapore, China, Hong Kong, and Malaysia; in H1 2020, China was the largest revenue contributor at S$100,146 thousand, though slightly down from the prior year, while non-current assets in other regions (including the Indonesia hydropower plant project) significantly increased Geographical Segment Information (S$ thousand) | Region | Revenue from External Customers (2020) | Revenue from External Customers (2019) | Non-Current Assets (June 30, 2020) | Non-Current Assets (December 31, 2019) | | :--- | :--- | :--- | :--- | :--- | | Singapore | 24,794 | 21,753 | 34,890 | 28,127 | | China | 100,146 | 103,186 | 25,940 | 23,616 | | Hong Kong | 3,059 | 2,856 | 1,058 | 1,074 | | Malaysia | 4,266 | 5,171 | 964 | 937 | | Others | 34,920 | 13,997 | 65,483 | 45,075 | | **Total** | **167,185** | **146,963** | **128,335** | **98,829** | [3 (c) Information About Major Customers](index=15&type=section&id=3%20(c)%20有關主要客戶的資料) Revenue from any single external customer accounts for less than 10%, indicating a diversified customer base and reduced reliance on any one client - Revenue from any single external customer is **less than 10%**[38](index=38&type=chunk) [4 Revenue](index=15&type=section&id=4%20收入) In H1 2020, the Group's total revenue was S$167,185 thousand, a 13.8% year-on-year increase, with industrial automation solutions revenue at S$147,098 thousand and construction revenue significantly rising to S$20,087 thousand, primarily from the Indonesia mini hydropower plant project Revenue by Source (S$ thousand) | Revenue Source | 2020 (Unaudited) | 2019 (Unaudited) | Change | | :--- | :--- | :--- | :--- | | Industrial automation solutions | 147,098 | 144,335 | +1.9% | | Construction revenue | 20,087 | 2,628 | n.m. (significant growth) | | **Total** | **167,185** | **146,963** | **+13.8%** | [5 Other Operating Income](index=16&type=section&id=5%20其他經營收入) Other operating income increased to S$2,483 thousand in H1 2020, up 6.5% year-on-year, primarily driven by net foreign exchange gains (S$716 thousand) and government grants (S$364 thousand), partially offset by reduced commission income and technical service income Other Operating Income (S$ thousand) | Income Item | 2020 (Unaudited) | 2019 (Unaudited) | | :--- | :--- | :--- | | Total interest income | 242 | 204 | | Commission income | 108 | 433 | | Net foreign exchange gain | 716 | - | | Government grants | 364 | 103 | | Miscellaneous income | 481 | 630 | | Operating lease rental income | 278 | 266 | | Property management income | 87 | 178 | | Technical service income | 138 | 222 | | Reversal of provision for obsolete inventories | 46 | 292 | | **Total** | **2,483** | **2,331** | [6 Finance Costs](index=16&type=section&id=6%20融資費用) Finance costs increased to S$972 thousand in H1 2020, up 17.5% year-on-year, mainly due to higher interest expenses on bank borrowings Finance Costs (S$ thousand) | Expense Item | 2020 (Unaudited) | 2019 (Unaudited) | | :--- | :--- | :--- | | Interest expense on bank borrowings | 721 | 767 | | Interest expense on trust receipts | 51 | 27 | | Interest expense on lease liabilities | 78 | 5 | | Other interest expenses | 122 | 28 | | **Total** | **972** | **827** | [7 Profit Before Income Tax](index=17&type=section&id=7%20未計所得稅前溢利) Profit before income tax for H1 2020 was S$16,633 thousand, a significant increase from S$10,921 thousand in the prior year, after deducting expenses such as amortization of land use rights, depreciation of property, plant and equipment, directors' fees and remuneration, staff costs, and provision for obsolete inventories - Profit before income tax: **S$16,633 thousand** in H1 2020, **S$10,921 thousand** in H1 2019[7](index=7&type=chunk) Profit Before Income Tax Adjustments (S$ thousand) | Item | 2020 (Unaudited) | 2019 (Unaudited) | | :--- | :--- | :--- | | Amortisation of land use rights | 16 | 17 | | Depreciation of property, plant and equipment | 1,918 | 1,036 | | Depreciation of investment property | 8 | 8 | | Directors' fees | 89 | 74 | | Directors' remuneration - salaries and related costs | 2,046 | 2,294 | | Staff costs (excluding directors) - salaries and related costs | 13,634 | 13,787 | | Provision for obsolete inventories | 214 | 192 | | Net foreign exchange loss | - | 339 | | Operating lease rental expense | 82 | 968 | [8 Income Tax](index=18&type=section&id=8%20所得税) Income tax expense increased to S$3,751 thousand in H1 2020, up 44.4% year-on-year, primarily due to higher taxable profit; the company applies different corporate tax rates in Singapore, China, Malaysia, and Hong Kong, with China's corporate income tax rate at 25% Income Tax Expense (S$ thousand) | Item | 2020 (Unaudited) | 2019 (Unaudited) | | :--- | :--- | :--- | | Current income tax - Singapore | 801 | 330 | | Current income tax - China | 2,883 | 2,303 | | Current income tax - outside Singapore and China | 24 | - | | Under/(over) provision in prior years | 43 | (29) | | Deferred tax - over provision in prior years | - | (7) | | **Total** | **3,751** | **2,597** | - Singapore corporate tax rate: **17%**[48](index=48&type=chunk) - Malaysia corporate tax rate: **24%**[48](index=48&type=chunk) - Hong Kong two-tiered profits tax system: **8.25%** for assessable profits up to HK$2 million, **16.5%** for the remainder[48](index=48&type=chunk) - China corporate income tax rate: **25%**[48](index=48&type=chunk) [9 Earnings Per Share](index=19&type=section&id=9%20每股盈利) In H1 2020, both basic and diluted earnings per share were 2.23 Singapore cents, a significant increase from 1.35 Singapore cents in H1 2019, primarily due to higher profit for the period attributable to equity holders of the company Earnings Per Share (Singapore cents) | Indicator | 2020 (Unaudited) | 2019 (Unaudited) | | :--- | :--- | :--- | | Basic earnings per share | 2.23 | 1.35 | | Fully diluted earnings per share | 2.23 | 1.35 | - Profit for the period attributable to equity holders of the company: **S$9,572 thousand** in H1 2020, **S$5,548 thousand** in H1 2019[53](index=53&type=chunk) - Weighted average number of ordinary shares for basic EPS: **429,572,849 shares** in H1 2020, **410,344,799 shares** in H1 2019[53](index=53&type=chunk) [10 Dividends Paid](index=20&type=section&id=10%20已付股息) The Board recommended a final tax-exempt dividend of 0.4 Singapore cents per share (2019: 0.7 Singapore cents), totaling S$1,718 thousand, which was approved by shareholders on June 29, 2020, and can be paid in cash or scrip - Recommended final tax-exempt dividend: **0.4 Singapore cents per share** (2019: 0.7 Singapore cents)[55](index=55&type=chunk) - Total amount: **S$1,718 thousand** (2019: S$2,952 thousand)[55](index=55&type=chunk) - Dividend approved at the AGM on **June 29, 2020**[56](index=56&type=chunk) - Shareholders can elect to receive dividends in cash or scrip[56](index=56&type=chunk) [11 Property, Plant and Equipment](index=20&type=section&id=11%20物業、廠房及設備) In H1 2020, the Group added approximately S$1,076 thousand in property, plant and equipment and recognized a S$577 thousand increase in right-of-use assets; as of June 30, 2020, the net book value of leasehold properties pledged for bank borrowings was S$18,349 thousand - Additions to property, plant and equipment in H1 2020: **S$1,076 thousand** (H1 2019: S$1,594 thousand)[57](index=57&type=chunk) - Increase in right-of-use assets recognized in H1 2020: **S$577 thousand** (H1 2019: nil)[57](index=57&type=chunk) - Net book value of leasehold properties pledged for bank borrowings as of June 30, 2020: **S$18,349 thousand** (2019: S$18,304 thousand)[57](index=57&type=chunk) - Net book value of property, plant and equipment held under lease liabilities: **S$276 thousand** (2019: S$324 thousand)[57](index=57&type=chunk) [12 Other Financial Assets](index=20&type=section&id=12%20其他金融資產) As of June 30, 2020, the Group held S$900 thousand in unlisted equity investments, measured at cost, consistent with the company's diversification strategy into renewable energy businesses, focusing on lithium battery management systems - Unlisted equity investments: **S$900 thousand** (December 31, 2019: S$900 thousand)[58](index=58&type=chunk) - Investment represents a **10% unlisted equity interest** in a company specializing in the design, development, integration, and sale of lithium battery management systems[58](index=58&type=chunk) - Investment aligns with the company's diversification strategy into renewable energy businesses[58](index=58&type=chunk) [13 Trade and Other Receivables](index=21&type=section&id=13%20貿易及其他應收款項) As of June 30, 2020, service concession receivables significantly increased to S$54,483 thousand; total trade and other receivables were S$103,250 thousand, a decrease from end-2019, primarily due to reduced bills receivable and prepayments, but with an increase in third-party trade receivables Trade and Other Receivables (S$ thousand) | Item | June 30, 2020 (Unaudited) | December 31, 2019 (Audited) | | :--- | :--- | :--- | | Non-current: Service concession receivables | 54,483 | 34,261 | | Current: Trade receivables - Third parties | 66,623 | 59,143 | | Current: Trade receivables - Associates | 2,667 | 2,342 | | Current: Trade receivables - Related parties | 2,422 | 1,695 | | Current: Bills receivable | 4,503 | 10,607 | | Current: Advances to suppliers | 6,181 | 12,192 | | Current: Prepayments | 1,193 | 989 | | **Total** | **157,733** | **146,065** | - Trade receivables aging analysis: **S$33,996 thousand** within 30 days, **S$26,161 thousand** between 31 and 90 days, **S$16,058 thousand** over 90 days[63](index=63&type=chunk) - Trade receivables are **interest-free** and generally due within 30 to 90 days[63](index=63&type=chunk) [14 Share Capital](index=22&type=section&id=14%20股本) As of June 30, 2020, the company's issued ordinary shares totaled 429,572,849, with share capital amounting to S$78,095 thousand, consistent with end-2019; ordinary shareholders have equal rights to dividends, voting, and residual assets Share Capital (S$ thousand) | Item | June 30, 2020 (Unaudited) | December 31, 2019 (Audited) | | :--- | :--- | :--- | | Share capital at beginning of period/year | 78,095 | 70,984 | | Shares issued | - | 5,397 | | Scrip dividend in lieu of cash | - | 1,714 | | **Share capital at end of period/year** | **78,095** | **78,095** | - Number of ordinary shares: **429,572,849 shares** (December 31, 2019: 429,572,849 shares)[64](index=64&type=chunk) - Ordinary shareholders have equal rights to receive dividends, one vote per share, and share in residual assets[64](index=64&type=chunk) [15 Bank Borrowings](index=23&type=section&id=15%20銀行借款) As of June 30, 2020, the Group's total interest-bearing borrowings increased to S$35,726 thousand, up 31.0% from end-2019; non-current secured bank loans significantly increased, while current secured and unsecured bank loans decreased; bank borrowings are secured by land, buildings, service concession receivables, and land use rights Bank Borrowings (S$ thousand) | Item | June 30, 2020 (Unaudited) | December 31, 2019 (Audited) | | :--- | :--- | :--- | | Non-current liabilities: Secured bank loans | 16,809 | 7,096 | | Current liabilities: Secured bank loans | 4,806 | 7,672 | | Current liabilities: Unsecured bank loans | 6,567 | 6,950 | | Current liabilities: Trust receipts | 6,888 | 4,880 | | Current liabilities: Accounts receivable factoring | 656 | 684 | | **Total interest-bearing borrowings** | **35,726** | **27,282** | - Collateral for bank borrowings: **S$18,349 thousand** net book value of land and buildings, **S$31,928 thousand** net book value of service concession receivables, **S$1,203 thousand** net book value of land use rights[67](index=67&type=chunk) [16 Trade and Other Payables](index=23&type=section&id=16%20貿易及其他應付款項) As of June 30, 2020, total trade and other payables increased to S$77,781 thousand, up 28.0% from end-2019, primarily due to higher third-party trade payables, other payables, and accrued salaries and bonuses Trade and Other Payables (S$ thousand) | Item | June 30, 2020 (Unaudited) | December 31, 2019 (Audited) | | :--- | :--- | :--- | | Trade payables - Third parties | 29,765 | 25,168 | | Trade payables - Associates | 36 | 97 | | Trade payables - Related parties | 11,210 | 9,729 | | Accrued operating expenses | 4,564 | 4,701 | | Accrued salaries and bonuses | 12,684 | 13,186 | | Other payables | 17,424 | 5,828 | | **Total** | **77,781** | **60,769** | - Trade payables aging analysis: **S$27,292 thousand** within 30 days, **S$12,398 thousand** between 31 and 90 days, **S$1,321 thousand** over 90 days[70](index=70&type=chunk) - Trade payables are **interest-free** and generally settled within 30 to 90 days[70](index=70&type=chunk) [17 Capital Commitments](index=24&type=section&id=17%20資本承擔) As of June 30, 2020, the Group's contracted but unrecognised capital expenditure was S$30,098 thousand, mainly for Indonesia mini hydropower plant construction and Singapore property purchases, a decrease from end-2019 - Capital expenditure commitments: **S$30,098 thousand** (December 31, 2019: S$40,553 thousand)[71](index=71&type=chunk) - Primarily for **Indonesia mini hydropower plant construction** and **Singapore property purchases**[71](index=71&type=chunk) [18 Corporate Guarantees](index=24&type=section&id=18%20公司擔保) As of June 30, 2020, the company provided corporate guarantees of S$62,764 thousand for bank facilities obtained by its subsidiaries, a slight decrease from end-2019 - Corporate guarantees for subsidiaries' bank facilities: **S$62,764 thousand** (December 31, 2019: S$63,429 thousand)[72](index=72&type=chunk) [19 Related Party Transactions](index=25&type=section&id=19%20關連方交易) This section discloses significant related party transactions for H1 2020, including sales to and purchases from associates and related parties, and rental and interest income, all transacted at agreed terms; related parties are primarily associated with non-controlling interests of certain subsidiaries and their related parties, with the company's President and Managing Director, Mr. Teo, serving as a director of related parties Related Party Transactions (S$ thousand) | Transaction Type | 2020 (Unaudited) | 2019 (Unaudited) | | :--- | :--- | :--- | | Sales to associates | (536) | (770) | | Sales to related parties | (3,306) | (3,396) | | Purchases from associates | 4 | 94 | | Purchases from related parties | 28,126 | 22,865 | | Administrative income from associates | (21) | (24) | | Rental income from associates | (2) | (1) | | Rental income from related parties | (220) | (204) | | Interest paid by associates | (54) | (54) | | Other expenses received from related parties | 77 | 250 | | Other income paid by related parties | (84) | (124) | - Related parties are primarily associated with **non-controlling interests of certain subsidiaries** and their related parties[75](index=75&type=chunk) - The company's President and Managing Director, Mr. Teo, is a director of related parties[76](index=76&type=chunk) [20 Events After Reporting Period](index=25&type=section&id=20%20報告期後事項) As of the announcement date, there have been no significant changes after the reporting period for the six months ended June 30, 2020 - No significant events occurred after the reporting period up to the announcement date[77](index=77&type=chunk) [Management Discussion and Analysis](index=26&type=section&id=管理层讨论及分析) This section reviews ISDN Holdings Limited's H1 2020 business performance and financial position, and outlines future prospects; both revenue and net profit saw significant growth, driven by increased demand for industrial automation solutions in Southeast Asia and contributions from the Indonesia hydropower plant project; the company maintains resilience through business diversification and a focus on Industry 4.0 amidst COVID-19 and trade tensions, planning to consolidate operations and invest prudently to enhance core capabilities [Business Review](index=26&type=section&id=業務回顧) In H1 2020, ISDN Holdings Limited's revenue increased by 13.8% to S$167.2 million, and gross profit rose 10.5% to S$41.3 million, primarily due to increased demand for industrial automation solutions in Southeast Asia and S$20.1 million in construction revenue from the Indonesia mini hydropower plant; despite COVID-19, the company maintained resilience through a diversified business portfolio and observed that the pandemic accelerated global business digitalization, supporting its Industry 4.0 strategy - H1 2020 revenue increased by **S$20.2 million (13.8%)** to **S$167.2 million**[79](index=79&type=chunk) - Revenue growth primarily attributed to increased demand for industrial automation solutions in Southeast Asia (Singapore, Malaysia, Vietnam) and **S$20.1 million** in construction revenue from the Indonesia mini hydropower plant[79](index=79&type=chunk) - Gross profit increased by **10.5%** to **S$41.3 million**, with gross profit margin decreasing from **25.4% to 24.7%**[79](index=79&type=chunk) - China operations contributed approximately **60.0% of revenue** (H1 2019: 70.2%)[79](index=79&type=chunk) - COVID-19 pandemic accelerated global business digitalization, supporting the company's long-term growth prospects focused on Industry 4.0[80](index=80&type=chunk) - H1 2020 revenue and net profit surged to **S$167.2 million** and **S$9.6 million**, respectively[80](index=80&type=chunk) [Future Outlook](index=26&type=section&id=未來前景) Facing a challenging market environment (COVID-19 and US-China trade tensions), ISDN Holdings Limited will continue to benefit from its diversified customer, industry, and geographical portfolio; the company plans to develop emerging energy businesses, enhance core industrial automation, explore smart manufacturing solutions, and actively address long-term growth opportunities from Industry 4.0; additionally, a joint venture with ERST Project GmbH in Germany will provide disinfectant solutions to meet pandemic-driven market demand - Challenging market environment, but the company benefits from **diversified customers, end-industries, and geographies**[81](index=81&type=chunk) - Company will develop **emerging energy businesses** and enhance core industrial automation through smart manufacturing solutions[81](index=81&type=chunk) - COVID-19 accelerated digitalization and Industry 4.0 automation, from which the company expects to benefit[81](index=81&type=chunk) - Joint venture with ERST Project GmbH (Germany) to provide **Waterliq and Erstotizer disinfectant solutions** for Asia Pacific[87](index=87&type=chunk) - Industrial automation market expected to grow steadily, with motion control market CAGR exceeding **3%**[87](index=87&type=chunk) - Company will consolidate engineering and administrative operations for productivity and invest prudently to enhance core capabilities[88](index=88&type=chunk) [Financial Review](index=27&type=section&id=財務回顧) This section details the changes in ISDN Holdings Limited's H1 2020 financial metrics; total revenue and gross profit increased, but gross profit margin slightly declined; other operating income, finance costs, and income tax expense increased, while distribution costs and other operating expenses decreased; on the balance sheet, property, plant and equipment, service concession receivables, and inventories increased, trade and other receivables decreased, and bank borrowings and trade and other payables increased; the company maintains good liquidity, but its debt-to-asset ratio has risen [Revenue and Gross Profit Margin](index=27&type=section&id=收入及毛利率) Total revenue for H1 2020 was S$167.2 million, up 13.8% year-on-year, driven by increased demand for industrial automation solutions in Southeast Asia and construction revenue from the Indonesia hydropower plant; gross profit increased 10.5% to S$41.3 million, but the overall gross profit margin slightly decreased from 25.4% to 24.7%; excluding hydropower plant gross profit, the margin would have increased to 27.1% Revenue and Gross Profit Margin (S$ thousand) | Indicator | H1 2020 | H1 2019 | Change Percentage | | :--- | :--- | :--- | :--- | | **Industrial Automation Solutions** | | | | | Revenue | 147,098 | 144,335 | 1.9% | | Gross profit | 39,846 | 37,204 | 7.1% | | Gross profit margin | 27.1% | 25.8% | 1.3 percentage points | | **Construction Revenue** | | | | | Revenue | 20,087 | 2,628 | n.m. | | Gross profit | 1,489 | 195 | n.m. | | Gross profit margin | 7.4% | 7.4% | 0.0 percentage points | | **Total** | | | | | Revenue | 167,185 | 146,963 | 13.8% | | Gross profit | 41,335 | 37,399 | 10.5% | | Gross profit margin | 24.7% | 25.4% | (0.7) percentage points | - Excluding hydropower plant gross profit margin, the Group's gross profit margin was **27.1%**, an increase of **1.3 percentage points** year-on-year[91](index=91&type=chunk) [Other Operating Income](index=28&type=section&id=其他經營收入) Other operating income increased by S$0.2 million (6.5%) to S$2.5 million in H1 2020, primarily driven by higher net foreign exchange gains and government grants, partially offset by reduced commission income, technical consulting fees, and property management income - Other operating income increased by **S$0.2 million (6.5%)** to **S$2.5 million**[92](index=92&type=chunk) - Main reasons for increase: **S$0.7 million** increase in net foreign exchange gains, **S$0.3 million** increase in government grants[92](index=92&type=chunk) - Partially offset by: **S$0.2 million** decrease in reversal of obsolete inventory provision, **S$0.3 million** decrease in commission income, **S$0.1 million** decrease in technical consulting fees, **S$0.1 million** decrease in property management income[92](index=92&type=chunk) [Distribution Costs](index=28&type=section&id=分銷成本) Distribution costs decreased by S$0.8 million (6.7%) to S$11.5 million in H1 2020, primarily due to reduced office expenses, personnel and related expenses, and travel expenses, partially offset by increased sales and marketing expenses - Distribution costs decreased by **S$0.8 million (6.7%)** to **S$11.5 million**[93](index=93&type=chunk) - Main reasons for decrease: **S$0.3 million** reduction in office expenses, **S$0.2 million** reduction in personnel and related expenses, **S$0.4 million** reduction in travel expenses[93](index=93&type=chunk) [Administrative Expenses](index=28&type=section&id=行政開支) Administrative expenses increased by S$0.2 million (1.0%) to S$15.3 million in H1 2020, primarily due to the consolidation of new subsidiaries, higher legal and professional fees for bank financing, and increased depreciation of right-of-use assets, partially offset by reduced personnel expenses due to government grants and lower travel expenses - Administrative expenses increased by **S$0.2 million (1.0%)** to **S$15.3 million**[94](index=94&type=chunk) - Main reasons for increase: **S$0.5 million** from consolidation of new subsidiaries, **S$0.3 million** increase in legal and professional fees for bank financing, **S$0.2 million** increase in depreciation of right-of-use assets[94](index=94&type=chunk) - Partially offset by: **S$0.6 million** reduction in personnel expenses due to government grants, **S$0.1 million** reduction in travel expenses[94](index=94&type=chunk) [Other Operating Expenses](index=28&type=section&id=其他經營開支) Other operating expenses decreased by S$0.5 million (68.9%) to S$0.2 million in H1 2020, primarily due to the absence of net foreign exchange losses and reduced inventory write-downs - Other operating expenses decreased by **S$0.5 million (68.9%)** to **S$0.2 million**[95](index=95&type=chunk) - Main reasons for decrease: Absence of **S$0.3 million** net foreign exchange losses, **S$0.2 million** reduction in inventory write-downs[95](index=95&type=chunk) [Finance Costs](index=28&type=section&id=融資費用) Finance costs increased by S$0.1 million (17.5%) to S$1.0 million in H1 2020, primarily due to increased bank borrowings - Finance costs increased by **S$0.1 million (17.5%)** to **S$1.0 million**[96](index=96&type=chunk) - Main reason: **Increased bank borrowings**[96](index=96&type=chunk) [Income Tax Expense](index=28&type=section&id=所得稅開支) Income tax expense increased by S$1.2 million (44.4%) to S$3.8 million in H1 2020, primarily due to higher taxable profit - Income tax expense increased by **S$1.2 million (44.4%)** to **S$3.8 million**[97](index=97&type=chunk) - Main reason: **Higher taxable profit**[97](index=97&type=chunk) [Property, Plant and Equipment](index=29&type=section&id=物業、廠房及設備) As of June 30, 2020, property, plant and equipment increased by S$9.6 million (21.7%), primarily due to Indonesia hydropower plant construction costs, purchase of plant and machinery, and recognition of right-of-use assets, partially offset by depreciation expense - Property, plant and equipment increased by **S$9.6 million (21.7%)**[100](index=100&type=chunk) - Main reasons for increase: **S$9.7 million** in Indonesia hydropower plant construction costs, **S$1.1 million** in plant and machinery purchases, **S$0.6 million** in right-of-use asset recognition[100](index=100&type=chunk) - Partially offset by **S$1.9 million** in depreciation expense[100](index=100&type=chunk) [Interests in Associates](index=29&type=section&id=聯營公司的利益) As of June 30, 2020, interests in associates decreased by S$0.2 million (4.3%), primarily due to the disposal of interest in SPHP Co., Pte. Ltd., partially offset by the share of profit from associates - Interests in associates decreased by **S$0.2 million (4.3%)**[101](index=101&type=chunk) - Main reason: **S$0.7 million** from disposal of interest in SPHP Co., Pte. Ltd[101](index=101&type=chunk) - Partially offset by **S$0.5 million** share of profit from associates[101](index=101&type=chunk) [Service Concession Receivables](index=29&type=section&id=應收服務特許權款項) As of June 30, 2020, service concession receivables increased by S$20.2 million (59.0%) to S$54.5 million, primarily due to construction revenue recognized from the mini hydropower plant under service concession arrangements and net foreign exchange gains - Service concession receivables increased by **S$20.2 million (59.0%)** to **S$54.5 million**[102](index=102&type=chunk) - Main reasons: **S$20.1 million** in mini hydropower plant construction revenue, **S$0.1 million** in net foreign exchange gains[102](index=102&type=chunk) - These receivables are classified as long-term assets and will be collected over the power purchase agreement term[102](index=102&type=chunk) [Inventories](index=29&type=section&id=存貨) As of June 30, 2020, inventories increased by S$11.5 million (21.7%) to S$64.7 million, primarily to fulfill customer orders for H2 2020 - Inventories increased by **S$11.5 million (21.7%)** to **S$64.7 million**[103](index=103&type=chunk) - Main reason: To fulfill customer orders for **H2 2020**[103](index=103&type=chunk) [Trade and Other Receivables](index=29&type=section&id=貿易及其他應收款項) As of June 30, 2020, trade and other receivables decreased by S$8.6 million (7.7%) to S$103.3 million, primarily due to reduced bills receivable, prepayments to suppliers, and loans to associates, partially offset by increased trade receivables from third parties, associates, and related parties - Trade and other receivables decreased by **S$8.6 million (7.7%)** to **S$103.3 million**[104](index=104&type=chunk) - Main reasons for decrease: **S$6.1 million** reduction in bills receivable, **S$6.0 million** reduction in prepayments to suppliers, **S$3.4 million** reduction in loans to associates[104](index=104&type=chunk) - Partially offset by: **S$7.5 million** increase in third-party trade receivables, **S$0.3 million** increase in associate trade receivables, **S$0.7 million** increase in related party trade receivables[104](index=104&type=chunk) [Trade and Other Payables](index=29&type=section&id=貿易及其他應付款項) As of June 30, 2020, trade and other payables increased by S$17.0 million (28.0%) to S$77.8 million, primarily due to increased trade purchases and accrued construction costs related to the mini hydropower plant, partially offset by reduced accrued operating expenses and staff costs - Trade and other payables increased by **S$17.0 million (28.0%)** to **S$77.8 million**[105](index=105&type=chunk) - Main reasons for increase: **S$6.0 million** increase in trade purchases, **S$11.6 million** increase in accrued construction costs for the mini hydropower plant[105](index=105&type=chunk) - Partially offset by: **S$0.1 million** reduction in accrued operating expenses, **S$0.5 million** reduction in accrued staff costs[105](index=105&type=chunk) [Bank Borrowings (Current and Non-Current)](index=29&type=section&id=銀行借款（流動及非流動）) As of June 30, 2020, total bank borrowings increased by S$8.4 million (31.0%) to S$35.7 million, primarily due to S$19.7 million in new bank borrowings, partially offset by S$11.3 million in repayments - Bank borrowings increased by **S$8.4 million (31.0%)** to **S$35.7 million**[106](index=106&type=chunk) - Main reason: **S$19.7 million** in new bank borrowings, offset by **S$11.3 million** in repayments[106](index=106&type=chunk) [Capital Expenditure](index=30&type=section&id=資本開支) In H1 2020, the Group's capital expenditure was S$1,076 thousand, primarily for additions to property, plant and equipment and construction in progress, a decrease from the prior year - H1 2020 capital expenditure: **S$1,076 thousand** (H1 2019: S$1,594 thousand)[108](index=108&type=chunk) - Primarily for additions to **property, plant and equipment** and **construction in progress**[108](index=108&type=chunk) [Material Acquisitions and Disposals and Material Investments](index=30&type=section&id=重大收購及出售以及重大投資) On June 2, 2020, the company's indirect wholly-owned subsidiary disposed of a 33% equity interest in SPHP Co., Pte. Ltd - On **June 2, 2020**, disposed of **33%** ordinary shares in SPHP Co., Pte. Ltd[109](index=109&type=chunk) [Future Plans for Material Investments or Capital Assets](index=30&type=section&id=重大投資或資本資產未來規劃) As of June 30, 2020, the Group had no future plans for material investments or capital assets - As of June 30, 2020, no future plans for material investments or capital assets[110](index=110&type=chunk) [Liquidity and Financial Resources](index=30&type=section&id=流動資金及財務資源) As of June 30, 2020, the Group's cash and bank balances increased to S$52.1 million, with a quick ratio of 1.3 times; total borrowings rose to S$35.9 million, with a weighted average effective interest rate of 2.51%; the company faces foreign exchange risks primarily from RMB and USD - Cash and bank balances: **S$52.1 million** (December 31, 2019: S$38.0 million), an increase of **37.2%**[111](index=111&type=chunk) - Quick ratio: **1.3 times** (December 31, 2019: 1.6 times)[111](index=111&type=chunk) - Total long-term and short-term bank borrowings: **S$35.7 million**[111](index=111&type=chunk) - Weighted average effective interest rate: **2.51%** (December 31, 2019: 6.62%)[111](index=111&type=chunk) - Total borrowings (including finance leases): **S$35.9 million** (December 31, 2019: S$27.5 million)[111](index=111&type=chunk) Cash and Bank Balances vs. Bank Borrowings by Currency (S$ thousand) | Currency | Cash & Bank Balances (2020) | Bank Borrowings (2020) | Cash & Bank Balances (2019) | Bank Borrowings (2019) | | :--- | :--- | :--- | :--- | :--- | | RMB | 28,965 | 5,421 | 18,496 | 5,792 | | USD | 11,635 | 24,783 | 8,502 | 15,475 | | SGD | 3,369 | 3,853 | 3,305 | 4,194 | | HKD | 262 | - | 380 | - | | CHF | 1,246 | - | 465 | - | | EUR | 840 | 434 | 696 | 375 | | Others | 5,813 | 1,235 | 6,154 | 1,446 | | **Consolidated** | **52,130** | **35,726** | **37,998** | **27,282** | [Use of Proceeds from Securities Issue](index=31&type=section&id=證券發行收益用途) The company disclosed the updated use of net proceeds from its 2013 placement and 2019 subscription; of the S$10,415 thousand net proceeds from the 2013 placement, S$6,715 thousand remains unutilized, mainly for high-tech industrial park facilities and working capital for mining-related businesses; all S$5,300 thousand net proceeds from the 2019 subscription remain unutilized, planned for business expansion and general working capital Use of Proceeds from 2013 Placement (S$ thousand) | Purpose | Allocated Amount | Utilized as of June 30, 2020 | Unutilized as of June 30, 2020 | Expected Timeline for Full Utilization | | :--- | :--- | :--- | :--- | :--- | | Construction of high-tech industrial park facilities | 1,815 | 1,200 | 615 | December 2023 | | Working capital for mining-related businesses | 6,600 | 500 | 6,100 | December 2023 | | Evaluation of power plant investment opportunities | 2,000 | 2,000 | - | Not applicable | | **Total** | **10,415** | **3,700** | **6,715** | | Use of Proceeds from 2019 Subscription (S$ thousand) | Purpose | Allocated Amount | Utilized as of June 30, 2020 | Unutilized as of June 30, 2020 | Expected Timeline for Full Utilization | | :--- | :--- | :--- | :--- | :--- | | Business expansion | 4,770 | - | 4,770 | December 2021 | | General working capital | 530 | - | 530 | December 2020 | | **Total** | **5,300** | **-** | **5,300** | | [Gearing Ratio](index=32&type=section&id=資產負債比率) As of H1 2020, the Group's gearing ratio was approximately 21.9%, an increase from 18.0% at end-2019, primarily due to increased bank borrowings - Gearing ratio: **21.9%** (December 31, 2019: 18.0%)[118](index=118&type=chunk) - Increase primarily due to **increased bank borrowings**[119](index=119&type=chunk) [Treasury Policy](index=32&type=section&id=財資政策) The Group adopts a prudent treasury policy, maintaining good liquidity, managing credit risk through continuous credit assessment, and closely monitoring liquidity to meet funding needs; the company may use bank borrowings for funding and leverage currency alignment with subsidiary functional currencies for foreign exchange hedging; no interest rate risk hedging was undertaken in H1 2020 - Adopts a **prudent treasury policy**, maintaining good liquidity[120](index=120&type=chunk) - Manages credit risk through **continuous credit assessment**[120](index=120&type=chunk) - Closely monitors liquidity to ensure compliance with funding requirements[120](index=120&type=chunk) - May use bank borrowings for funding and leverage currency alignment for foreign exchange hedging[120](index=120&type=chunk) - No interest rate risk hedging undertaken in **H1 2020**[120](index=120&type=chunk) [Foreign Exchange Risk](index=32&type=section&id=外匯風險) The Group primarily faces foreign exchange risks from RMB and USD, particularly for component purchases in mainland China denominated in RMB; the company has used financial instruments to hedge foreign exchange risk - Major foreign currency transactions denominated in **RMB and USD**[121](index=121&type=chunk) - Faces foreign exchange risk from **RMB-denominated component purchases** and assets/liabilities denominated in RMB and other currencies[121](index=121&type=chunk) - Financial instruments used to hedge foreign exchange risk in **H1 2020**[121](index=121&type=chunk) [Employees and Remuneration Policy](index=32&type=section&id=僱員及薪酬政策) As of H1 2020, the Group had 913 employees; employee remuneration is determined by market conditions and individual performance, with benefits including medical and life insurance; the company also incentivizes directors and eligible participants through an Employee Share Option Scheme (ESOS) and Employee Performance Share Plan (EPSP), and provides on-the-job training - Total employees as of H1 2020: **913** (2019: 916)[122](index=122&type=chunk) - Remuneration policy: Determined by **market conditions and individual performance**, with benefits including medical and life insurance[122](index=122&type=chunk) - Incentive plans: **2016 Employee Share Option Scheme (ESOS)** and **ISDN Employee Performance Share Plan (EPSP)**[122](index=122&type=chunk) - Provides **on-the-job training**[122](index=122&type=chunk) [Material Investments Held](index=32&type=section&id=所持重大投資) Apart from investments in subsidiaries and associates, the Group held no other material equity investments in H1 2020 - No other material equity investments held in H1 2020, apart from subsidiaries and associates[123](index=123&type=chunk) [Risk Management](index=33&type=section&id=風險管理) This section outlines the Group's risk management strategy, including contingent liabilities and asset pledges [Contingent Liabilities](index=33&type=section&id=或有負債) As of June 30, 2020, the Group had no material contingent liabilities or unreleased guarantees related to third-party payment obligations - As of June 30, 2020, no material contingent liabilities or unreleased guarantees for third-party payment obligations[126](index=126&type=chunk) [Pledges of the Group's Assets](index=33&type=section&id=本集團資產抵押) As of June 30, 2020, approximately S$3.1 million in cash and cash equivalents and S$19.6 million in property, plant and equipment were pledged to banks by the Group to secure general banking facilities - Cash and cash equivalents pledged to banks: **S$3.1 million** (2019: S$3.1 million)[127](index=127&type=chunk) - Net book value of property, plant and equipment pledged to banks: **S$19.6 million** (2019: S$18.6 million)[127](index=127&type=chunk) [Interim Dividend](index=33&type=section&id=中期股息) The Board did not recommend an interim dividend for H1 2020 - Board did not recommend an interim dividend for **H1 2020**[128](index=128&type=chunk) [Other Information](index=34&type=section&id=其他资料) This section discloses the share interests of directors and major shareholders in the company and its associated corporations, including Mr. Teo and Mr. Toh's holdings; it also covers the implementation of share option and employee performance share plans, trading of listed securities, compliance with non-competition undertakings, corporate governance practices, changes in director information, and the audit committee's responsibilities and report publication methods [Directors' and Chief Executive's Interests in Shares, Underlying Shares, and Debentures of the Company or Any Associated Corporation](index=34&type=section&id=董事及最高行政人員於本公司或任何相聯法團之股份、相關股份及債券之權益) As of June 30, 2020, the company's directors and chief executive held interests in the shares of the company and its associated corporations; Mr. Teo held 31.80% of the company's shares through the holding company Assetraise, and Mr. Toh Hsiang-Wen Keith held 8.92% through NTCP; Mr. Teo also had personal interests in Dirak Asia Pte Ltd and Assetraise [(i) Long Positions in Shares, Underlying Shares, and Debentures of the Company](index=34&type=section&id=(i)%20本公司股份、相關股份及債券之權益的好倉) As of June 30, 2020, Mr. Teo held 136,602,480 shares, representing 31.80% of the issued share capital, through his controlled company Assetraise; Mr. Kong De Yang held 2,050,000 shares in personal capacity; Mr. Toh Hsiang-Wen Keith held 38,323,401 shares, representing 8.92%, through his controlled company NTCP Directors' and Chief Executive's Long Positions in Shares | Director Name | Capacity | Personal Interest | Corporate Interest | Total | Approximate Percentage of Issued Share Capital | | :--- | :--- | :--- | :--- | :--- | :--- | | Mr. Teo | Interest in controlled corporation | - | 136,602,480 | 136,602,480 | 31.80% | | Mr. Kong De Yang | Beneficial owner | 2,050,000 | - | 2,050,000 | 0.48% | | Mr. Toh Hsiang-Wen Keith | Interest in controlled corporation | - | 38,323,401 | 38,323,401 | 8.92% | - Mr. Teo holds shares through his controlling company, **Assetraise**[132](index=132&type=chunk) - Mr. Toh holds shares through **NTCP**, which is wholly owned by NT Fund 2, where NEG 2 is the general partner of NT Fund 2, and Mr. Toh controls not less than **20% of the voting rights** in NEG 2[132](index=132&type=chunk) [(ii) Long Positions in Shares, Underlying Shares, and Debentures of Associated Corporations of the Company](index=34&type=section&id=(ii)%20與本公司聯營法團的股份、相關股份及債券證中的好倉) As of June 30, 2020, Mr. Teo held a 1% personal equity interest (5,547 ordinary shares) in Dirak Asia Pte Ltd and a 50% personal equity interest (1 ordinary share) in Assetraise - Mr. Teo holds **5,547 ordinary shares (1%)** in Dirak Asia Pte Ltd[133](index=133&type=chunk) - Mr. Teo holds **1 ordinary share (50%)** in Assetraise[133](index=133&type=chunk) [Share Options](index=35&type=section&id=購股權) The company's Employee Share Option Scheme (ESOS) was approved by shareholders in 2016; as of H1 2020, no options under this scheme were granted to controlling shareholders or their close associates, company directors or employees, nor did any participant receive options representing 5% or more of the total shares, and there were no outstanding options - Share option scheme approved by shareholders on **April 22, 2016, and December 16, 2016**[136](index=136&type=chunk) - As of H1 2020, no share options granted to **controlling shareholders or their close associates**[137](index=137&type=chunk) - No participant received share options representing **5% or more of the total shares**[138](index=138&type=chunk) - No share options granted to **directors or employees** of the company or its subsidiaries[139](index=139&type=chunk) - No shares issued from the exercise of options to repurchase unissued shares[140](index=140&type=chunk) - As of H1 2020, **no outstanding share options**[141](index=141&type=chunk) [Employee Performance Share Plan](index=35&type=section&id=僱員表現股份計劃) The company's Employee Performance Share Plan (EPSP) was approved by shareholders in 2012 and 2016, managed by the Board's Remuneration Committee; all directors, as well as controlling shareholder Mr. Teo and his spouse Ms. Tang, are eligible to participate in the plan - Employee Performance Share Plan approved by shareholders on **February 17, 2012, and December 16, 2016**[142](index=142&type=chunk) - Plan managed by the **Board's Remuneration Committee**[143](index=143&type=chunk) - All directors, controlling shareholder Mr. Teo, and his spouse Ms. Tang are eligible to participate in the plan[144](index=144&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=35&type=section&id=購買、出售或贖回本公司上市證券) As of H1 2020 and the date of this interim report, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities - Neither the company nor its subsidiaries purchased, sold, or redeemed any listed securities[145](index=145&type=chunk) [Non-Competition Undertaking](index=36&type=section&id=不競爭契據) The company has received confirmation from controlling shareholders Mr. Teo and Ms. Tang regarding the terms of the non-competition undertaking, and has reviewed and confirmed their compliance, with the company also having enforced the undertaking's terms - Controlling shareholders Mr. Teo and Ms. Tang confirmed and complied with the **non-competition undertaking terms**[147](index=147&type=chunk) - Independent non-executive directors reviewed and confirmed controlling shareholders' compliance[147](index=147&type=chunk) - Company has enforced the non-competition undertaking terms[147](index=147&type=chunk) [Interests and Short Positions of Substantial Shareholders and Other Persons in Shares and Underlying Shares](index=36&type=section&id=主要股東及其他人士於股份及相關股份中之權益及淡倉) As of June 30, 2020, substantial shareholder Assetraise held 31.80% of the company's shares, with Ms. Tang (Mr. Teo's spouse) holding the same proportion through Assetraise; NTCP, Mr. Loke Wai San, NEG 2, and NT Fund 2 each held 8.92% of the company's shares Substantial Shareholders' and Other Persons' Long Positions in Shares | Name | Capacity | Personal Interest | Corporate Interest | Total | Approximate Percentage of Issued Share Capital | | :--- | :--- | :--- | :--- | :--- | :--- | | Assetraise | Interest owner | 136,602,480 | - | 136,602,480 | 31.80% | | Ms. Tang | Interest in controlled corporation | - | 136,602,480 | 136,602,480 | 31.80% | | NTCP | Interest owner | 38,323,401 | - | 38,323,401 | 8.92% | | Mr. Loke Wai San | Interest in controlled corporation | - | 38,323,401 | 38,323,401 | 8.92% | | NEG 2 | Interest in controlled corporation | - | 38,323,401 | 38,323,401 | 8.92% | | NT Fund 2 | Interest in controlled corporation | - | 38,323,401 | 38,323,401 | 8.92% | - Assetraise is beneficially owned by **Mr. Teo and his spouse Ms. Tang**[150](index=150&type=chunk) - NTCP is wholly owned by NT Fund 2, where NEG 2 is the general partner of NT Fund 2, and Mr. Loke controls not less than **20% of the voting rights** in NEG 2[150](index=150&type=chunk) [Corporate Governance](index=37&type=section&id=企業管治) The Group adheres to the principles and provisions of the Revised Code of Corporate Governance 2018 (Singapore) and the Hong Kong Corporate Governance Code, aiming to protect shareholder interests and enhance long-term shareholder value, complying with the stricter provisions in case of conflict; as of H1 2020, the Group has complied with both codes - Adheres to the **Revised Code of Corporate Governance 2018 (Singapore)** and the **Hong Kong Corporate Governance Code**[151](index=151&type=chunk) - Goal is to **protect shareholder interests** and **enhance long-term shareholder value**[151](index=151&type=chunk) - Complies with the **stricter provisions** in case of code conflict[151](index=151&type=chunk) - Complied with both codes in **H1 2020**[151](index=151&type=chunk) [Compliance with SGX Listing Manual and HKEX Model Code](index=37&type=section&id=遵守新加坡上市手冊和香港標準守則) The company has adopted an internal compliance code, adhering to the SGX Listing Manual rules and HKEX Model Code for Securities Transactions by Directors of Listed Issuers best practices; all directors confirmed compliance with the Model Code in H1 2020; the company and its officers are prohibited from trading company shares during specific "blackout periods" before results announcements - Company adopted internal compliance code, adhering to **SGX Listing Manual rules** and **HKEX Model Code**[152](index=152&type=chunk) - All directors confirmed compliance with the Model Code in **H1 2020**[152](index=152&type=chunk) - Company and its officers are prohibited from trading company shares during **"blackout periods"** 30 days before interim results and 60 days before full-year results until announcement date[152](index=152&type=chunk) [Changes in Directors' Information](index=38&type=section&id=董事信息變更) Since the date of the 2019 Annual Report, Mr. Soh Ming Kwang retired as the Lead Independent Director of China Haida International Holdings Limited on June 29, 2020 - Mr. Soh Ming Kwang retired as Lead Independent Director of China Haida International Holdings Limited on **June 29, 2020**[155](index=155&type=chunk) [Audit Committee](index=38&type=section&id=審核委員會) The Board established an Audit Committee, whose terms of reference were revised and implemented on January 1, 2019, primarily responsible for evaluating and overseeing the company's financial reporting process, risk management, and internal controls; the committee comprises three independent non-executive directors, with Mr. Lim Shan Kai as Chairman, and has reviewed the unaudited group consolidated results for this interim report - Audit Committee's terms of reference revised and implemented on **January 1, 2019**[156](index=156&type=chunk) - Primary responsibilities: Evaluate and oversee the company's **financial reporting process, risk management, and internal controls**[156](index=156&type=chunk) - Members: Three independent non-executive directors (Mr. Lim Shan Kai, Mr. Soh Ming Kwang, Mr. Tan Soon Liang), with **Mr. Lim Shan Kai as Chairman**[157](index=157&type=chunk) - Committee reviewed the **unaudited group consolidated results** for H1 2020 and this interim report[157](index=157&type=chunk) [Publication of Interim Report](index=38&type=section&id=刊载中期报告) The interim report for the six months ended June 30, 2020, has been published on the HKEXnews website (www.hkexnews.hk) and the company's website (www.isdnholdings.com) - Interim report published on **HKEXnews website** and **company website**[158](index=158&type=chunk)

[Company Overview](index=3&type=section&id=%E5%85%AC%E5%8F%B8%E6%A6%82%E5%86%B5) [Company Profile](index=3&type=section&id=%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) This company is an investment holding company registered in Singapore, primarily engaged in investment holding and actively seeking new investment opportunities to expand its business scope and revenue sources - The company is an investment holding company registered in Singapore[19](index=19&type=chunk) - Its main business is investment holding, actively seeking new investment opportunities[19](index=19&type=chunk)[20](index=20&type=chunk) [Board of Directors and Management](index=4&type=section&id=%E8%91%A3%E4%BA%8B%E4%BC%9A%E4%B8%8E%E7%AE%A1%E7%90%86%E5%B1%82) The report lists the company's board members and their key roles, including Chairman, Executive Directors, and Independent Directors, reflecting the company's governance structure - Board members include the Chairman, Executive Directors, and Independent Directors[21](index=21&type=chunk) - The company's governance structure is jointly managed by the board members[21](index=21&type=chunk) [Principal Subsidiaries and Investments](index=8&type=section&id=%E4%B8%BB%E8%A6%81%E5%AD%90%E5%85%AC%E5%8F%B8%E4%B8%8E%E6%8A%95%E8%B5%84) The company holds a diverse portfolio of subsidiaries and investments across various sectors, including energy, automation, marine services, healthcare, and financial services, aiming for growth through diversification - The company operates in Singapore and has an extensive investment portfolio[33](index=33&type=chunk) - Investment areas include energy, automation, marine services, healthcare, and financial services[33](index=33&type=chunk)[36](index=36&type=chunk)[41](index=41&type=chunk) - The company continuously expands its business scope and market share through acquisitions and strategic investments[33](index=33&type=chunk)[36](index=36&type=chunk)[41](index=41&type=chunk) [Management Discussion and Analysis](index=6&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) [Operating Performance Review](index=6&type=section&id=%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%9B%9E%E9%A1%B5) The company faced challenges during the reporting period but maintained operational stability through strategic adjustments and cost control, actively seeking new growth points despite market impacts on revenue and gross profit - The company faced challenges during the reporting period but strived to maintain operational stability through strategic adjustments and cost control[26](index=26&type=chunk) - Revenue and gross profit were affected by market conditions, but the company actively sought new growth points[26](index=26&type=chunk) [Financial Position Analysis](index=6&type=section&id=%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) The company enhanced its financial resilience by optimizing capital structure and strategic investments, remaining committed to improving asset quality and cash flow management amidst market volatility - The company enhanced its financial resilience by optimizing its capital structure and strategic investments[27](index=27&type=chunk) - Despite market volatility, the company remains committed to improving asset quality and cash flow management[27](index=27&type=chunk)[28](index=28&type=chunk) [Business Outlook and Strategy](index=7&type=section&id=%E4%B8%9A%E5%8A%A1%E5%B1%95%E6%9C%9B%E4%B8%8E%E6%88%98%E7%95%A5) The company will continue to focus on core businesses, addressing challenges through technological innovation and market expansion, with future strategies including deepening existing markets, exploring emerging areas, and optimizing operational efficiency - The company will continue to focus on core businesses and address challenges through technological innovation and market expansion[28](index=28&type=chunk)[29](index=29&type=chunk) - Future strategies include deepening existing markets, exploring emerging areas, and optimizing operational efficiency[28](index=28&type=chunk)[29](index=29&type=chunk)[30](index=30&type=chunk) [Financial Statements](index=83&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) [Consolidated Statement of Financial Position](index=83&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) The consolidated statement of financial position presents the company's assets, liabilities, and equity at the end of the reporting period, reflecting its financial health - The consolidated statement of financial position presents the company's assets, liabilities, and equity at the end of the reporting period[247](index=247&type=chunk) 2019 Consolidated Statement of Financial Position Summary | Metric | 2019 (Amount) | | :--- | :--- | | Assets (Amount) | 290,985 | | Liabilities (Amount) | 77,425 | | Equity (Amount) | 20,222 | [Consolidated Statement of Profit or Loss](index=84&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) The consolidated statement of profit or loss reflects the company's operating results for the reporting period, including revenue, costs, expenses, and net profit - The consolidated statement of profit or loss reflects the company's operating results for the reporting period[248](index=248&type=chunk)[249](index=249&type=chunk)[250](index=250&type=chunk)[251](index=251&type=chunk)[252](index=252&type=chunk)[253](index=253&type=chunk) 2019 Consolidated Statement of Profit or Loss Summary | Metric | 2019 (Amount) | | :--- | :--- | | Revenue (Amount) | 290,985 | | Gross Profit (Amount) | 77,425 | | Net Profit (Amount) | 20,222 | [Consolidated Statement of Changes in Equity](index=86&type=section&id=%E5%90%88%E5%B9%B6%E8%82%A1%E4%B8%9C%E6%9D%83%E7%9B%8A%E5%8F%98%E5%8A%A8%E8%A1%A8) The consolidated statement of changes in equity reflects the movements in each component of shareholders' equity during the reporting period, including share capital, reserves, and retained earnings - The consolidated statement of changes in equity reflects the movements in each component of shareholders' equity during the reporting period[256](index=256&type=chunk)[257](index=257&type=chunk)[258](index=258&type=chunk) [Consolidated Statement of Cash Flows](index=88&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) The consolidated statement of cash flows presents the cash flows generated from operating, investing, and financing activities during the reporting period, reflecting the company's cash flow position - The consolidated statement of cash flows presents the cash flows generated from operating, investing, and financing activities during the reporting period[260](index=260&type=chunk)[261](index=261&type=chunk)[262](index=262&type=chunk)[263](index=263&type=chunk)[264](index=264&type=chunk) 2019 Consolidated Statement of Cash Flows Summary | Metric | 2019 (Amount) | | :--- | :--- | | Net Cash Inflow from Operating Activities (Amount) | 31,168 | [Notes to the Financial Statements](index=19&type=section&id=%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%99%84%E6%B3%A8) [General Information and Significant Accounting Policies](index=19&type=section&id=%E4%B8%80%E8%88%AC%E4%BF%A1%E6%81%AF%E4%B8%8E%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96) This section provides the company's basic information, the basis of financial statement preparation, and significant accounting policies, covering consolidation, business combinations, financial instruments, and revenue recognition, forming the foundation for understanding the financial statements - Provides the company's basic information and the basis of financial statement preparation[19](index=19&type=chunk)[72](index=72&type=chunk)[73](index=73&type=chunk) - Details significant accounting policies for consolidation, business combinations, financial instruments, and revenue recognition[76](index=76&type=chunk)[79](index=79&type=chunk)[83](index=83&type=chunk)[85](index=85&type=chunk)[92](index=92&type=chunk) [General Information](index=19&type=section&id=%E4%B8%80%E8%88%AC%E4%BF%A1%E6%81%AF) The company was incorporated in 2019 as an investment holding company with its registered office in Singapore - The company was incorporated in 2019 as an investment holding company[19](index=19&type=chunk)[72](index=72&type=chunk) - Its registered office is located in Singapore[19](index=19&type=chunk)[72](index=72&type=chunk) [Basis of Preparation](index=19&type=section&id=%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) The financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) and on a historical cost basis, unless otherwise stated - The financial statements are prepared in accordance with International Financial Reporting Standards (IFRS)[73](index=73&type=chunk) - Based on historical cost, unless otherwise stated[73](index=73&type=chunk) [Summary of Significant Accounting Policies](index=20&type=section&id=%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E6%91%98%E8%A6%81) This section outlines the company's significant accounting policies for consolidation, business combinations, financial instruments, revenue recognition, impairment of assets, leases, inventories, cash and cash equivalents, provisions, employee benefits, share-based payments, related party disclosures, and segment reporting - Outlines the company's accounting policies for consolidation, business combinations, financial instruments, and revenue recognition[76](index=76&type=chunk)[79](index=79&type=chunk)[83](index=83&type=chunk)[85](index=85&type=chunk)[92](index=92&type=chunk) - Covers impairment of assets, leases, inventories, cash and cash equivalents, provisions, employee benefits, share-based payments, related party disclosures, and segment reporting[115](index=115&type=chunk)[123](index=123&type=chunk)[132](index=132&type=chunk)[138](index=138&type=chunk)[143](index=143&type=chunk)[146](index=146&type=chunk)[148](index=148&type=chunk)[151](index=151&type=chunk)[152](index=152&type=chunk)[155](index=155&type=chunk) [Consolidation](index=20&type=section&id=%E5%90%88%E5%B9%B6) The company consolidates all entities it controls, including subsidiaries and structured entities, to fully reflect the group's financial position and operating results - The company consolidates all controlled entities, including subsidiaries and structured entities[76](index=76&type=chunk) [Business Combinations](index=20&type=section&id=%E4%B8%9A%E5%8A%A1%E5%90%88%E5%B9%B6) Business combinations are accounted for using the acquisition method, with acquisition costs measured at fair value, and goodwill or bargain purchase gains recognized - Business combinations are accounted for using the acquisition method, with acquisition costs measured at fair value[76](index=76&type=chunk) - Goodwill or bargain purchase gains are recognized[76](index=76&type=chunk) [Investments in Associates and Joint Ventures](index=21&type=section&id=%E5%AF%B9%E8%81%94%E8%90%A5%E5%85%AC%E5%8F%B8%E5%92%8C%E5%90%88%E8%B5%84%E4%BC%81%E4%B8%9A%E7%9A%84%E6%8A%95%E8%B5%84) Investments in associates and joint ventures are accounted for using the equity method, with initial investments measured at cost and subsequently adjusted for changes in the investee's net assets - Investments in associates and joint ventures are accounted for using the equity method[79](index=79&type=chunk) - Initial investments are measured at cost, subsequently adjusted for changes in the investee's net assets[79](index=79&type=chunk) [Financial Instruments](index=22&type=section&id=%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7) Financial instruments are classified as financial assets and financial liabilities based on their nature and management intent, and measured using various methods, including amortized cost and fair value - Financial instruments are classified as financial assets and financial liabilities[83](index=83&type=chunk) - Measured using different methods such as amortized cost and fair value[83](index=83&type=chunk) [Fair Value Measurement](index=23&type=section&id=%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E8%AE%A1%E9%87%8F) Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, disclosed using a three-level fair value hierarchy - Fair value is the price received to sell an asset or paid to transfer a liability in an orderly transaction between market participants[85](index=85&type=chunk) - Disclosed using a three-level fair value hierarchy[85](index=85&type=chunk) [Revenue Recognition](index=25&type=section&id=%E6%94%B6%E5%85%A5%E7%A1%AE%E8%AE%A4) Revenue is recognized based on contracts with customers and measured at the amount of consideration expected in exchange for fulfilling performance obligations - Revenue is recognized based on contracts with customers[92](index=92&type=chunk) - Recognized at the expected consideration amount when performance obligations are fulfilled[92](index=92&type=chunk) [Property, Plant and Equipment](index=26&type=section&id=%E7%89%A9%E4%B8%9A%E3%80%81%E5%8E%82%E6%88%BF%E5%8F%8A%E8%AE%BE%E5%A4%87) Property, plant and equipment are measured at cost less accumulated depreciation and impairment losses, with depreciation recognized using the straight-line method over their estimated useful lives - Property, plant and equipment are measured at cost less accumulated depreciation and impairment losses[96](index=96&type=chunk) - Depreciation is recognized using the straight-line method over their estimated useful lives[96](index=96&type=chunk) [Intangible Assets](index=30&type=section&id=%E6%97%A0%E5%BD%A2%E8%B5%84%E4%BA%A7) Intangible assets, including goodwill, concessions, and software, are measured at cost less accumulated amortization and impairment losses, and amortized based on their nature and useful lives - Intangible assets include goodwill, concessions, and software[107](index=107&type=chunk) - Measured at cost less accumulated amortization and impairment losses, and amortized based on their nature and useful lives[107](index=107&type=chunk)[109](index=109&type=chunk) [Impairment of Assets](index=33&type=section&id=%E8%B5%84%E4%BA%A7%E5%87%8F%E5%80%BC) The company regularly assesses assets for impairment indicators, conducting impairment tests if present, and recognizing impairment losses based on recoverable amounts - The company regularly assesses assets for impairment indicators[115](index=115&type=chunk) - If present, impairment tests are conducted, and impairment losses are recognized based on recoverable amounts[115](index=115&type=chunk) [Leases](index=36&type=section&id=%E7%A7%9F%E8%B5%81) Leases are classified as finance or operating leases based on their terms and conditions, and accounted for using appropriate methods - Leases are classified as finance or operating leases based on their terms and conditions[123](index=123&type=chunk) - Accounted for using appropriate accounting methods[123](index=123&type=chunk) [Inventories](index=39&type=section&id=%E5%AD%98%E8%B4%A7) Inventories are measured at the lower of cost and net realizable value, with cost determined using the first-in, first-out (FIFO) or weighted average method - Inventories are measured at the lower of cost and net realizable value[132](index=132&type=chunk) - Cost is determined using the first-in, first-out or weighted average method[132](index=132&type=chunk) [Cash and Cash Equivalents](index=41&type=section&id=%E7%8E%B0%E9%87%91%E5%8F%8A%E7%8E%B0%E9%87%91%E7%AD%89%E4%BB%B7%E7%89%A9) Cash and cash equivalents include cash on hand, bank balances, and highly liquid short-term investments, used for the preparation of the statement of cash flows - Cash and cash equivalents include cash on hand, bank balances, and highly liquid short-term investments[138](index=138&type=chunk) - Used for the preparation of the statement of cash flows[138](index=138&type=chunk) [Provisions](index=43&type=section&id=%E5%87%86%E5%A4%87%E9%87%91) Provisions are recognized when the company has a present obligation and the amount can be reliably estimated, measured based on the best estimate - Provisions are recognized when the company has a present obligation and the amount can be reliably estimated[143](index=143&type=chunk) - Measured based on the best estimate[143](index=143&type=chunk) [Employee Benefits](index=44&type=section&id=%E5%91%98%E5%B7%A5%E7%A6%8F%E5%88%A9) Employee benefits include short-term, post-employment, and long-term employee benefits, recognized and measured according to relevant accounting standards - Employee benefits include short-term, post-employment, and long-term employee benefits[146](index=146&type=chunk)[148](index=148&type=chunk) - Recognized and measured according to relevant accounting standards[146](index=146&type=chunk)[148](index=148&type=chunk) [Share-based Payments](index=45&type=section&id=%E8%82%A1%E4%BB%BD%E6%94%AF%E4%BB%98) Share-based payment transactions are classified as equity-settled or cash-settled and measured at fair value - Share-based payment transactions are classified as equity-settled or cash-settled[151](index=151&type=chunk) - Measured at fair value[151](index=151&type=chunk) [Related Party Disclosures](index=46&type=section&id=%E5%85%B3%E8%81%94%E6%96%B9%E6%8A%AB%E9%9C%B2) The company discloses transactions with related parties, including their nature, amounts, and outstanding balances, to ensure transparency - The company discloses transactions with related parties[152](index=152&type=chunk) - Including the nature, amounts, and outstanding balances of transactions[152](index=152&type=chunk) [Segment Reporting](index=47&type=section&id=%E5%88%86%E9%83%A8%E6%8A%A5%E5%91%8A) The company reports its performance based on operating segments to provide more detailed business performance information, helping investors understand the contribution of different business units - The company reports its performance based on operating segments[155](index=155&type=chunk) - Provides more detailed business performance information, helping investors understand the contribution of different business units[155](index=155&type=chunk) [Detailed Notes](index=90&type=section&id=%E8%AF%A6%E7%BB%86%E9%99%84%E6%B3%A8) This section provides detailed notes for each financial statement item, including financial instruments, revenue recognition, composition and changes in assets and liabilities, equity items, cash flows, related party transactions, contingencies, subsequent events, and capital management, offering in-depth data for financial analysis - Provides detailed notes for each financial statement item[265](index=265&type=chunk)[266](index=266&type=chunk)[267](index=267&type=chunk)[268](index=268&type=chunk) - Covers financial instruments, revenue recognition, composition and changes in assets and liabilities, equity items, cash flows, related party transactions, contingencies, subsequent events, and capital management[265](index=265&type=chunk)[266](index=266&type=chunk)[267](index=267&type=chunk)[268](index=268&type=chunk) [Financial Instruments](index=90&type=section&id=%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7) Detailed disclosures on the company's financial instruments, including their classification, measurement, fair value information, and related risk management strategies - Discloses the classification, measurement, and fair value information of the company's financial instruments[266](index=266&type=chunk)[267](index=267&type=chunk)[268](index=268&type=chunk) - Includes related risk management strategies[266](index=266&type=chunk)[267](index=267&type=chunk)[268](index=268&type=chunk) [Revenue Recognition](index=112&type=section&id=%E6%94%B6%E5%85%A5%E7%A1%AE%E8%AE%A4) Detailed explanation of the timing and methods for recognizing the company's various revenues, including goods sales and service provision, with disclosures on contract liabilities and performance obligations - Explains the timing and methods for recognizing the company's various revenues[331](index=331&type=chunk) - Includes goods sales, service provision, and disclosures on contract liabilities and performance obligations[331](index=331&type=chunk)[332](index=332&type=chunk) [Property, Plant and Equipment](index=98&type=section&id=%E7%89%A9%E4%B8%9A%E3%80%81%E5%8E%82%E6%88%BF%E5%8F%8A%E8%AE%BE%E5%A4%87) Disclosures on the carrying amount, depreciation policy, and current depreciation expense of property, plant and equipment, as well as significant acquisitions and disposals - Discloses the carrying amount, depreciation policy, and current depreciation expense of property, plant and equipment[292](index=292&type=chunk)[294](index=294&type=chunk) - Includes significant acquisitions and disposals[292](index=292&type=chunk)[294](index=294&type=chunk) [Investment Property](index=99&type=section&id=%E6%8A%95%E8%B5%84%E6%80%A7%E6%88%BF%E5%9C%B0%E4%BA%A7) Disclosures on the fair value of investment property, the impact of fair value changes on profit, and related rental income - Discloses the fair value of investment property and the impact of fair value changes on profit[295](index=295&type=chunk) - Includes related rental income[295](index=295&type=chunk) [Inventories](index=100&type=section&id=%E5%AD%98%E8%B4%A7) Disclosures on the ending balance of inventories, inventory write-downs, and current period inventory impairment losses recognized or reversed - Discloses the ending balance of inventories and inventory write-downs[298](index=298&type=chunk) - Includes current period inventory impairment losses recognized or reversed[298](index=298&type=chunk) [Intangible Assets](index=100&type=section&id=%E6%97%A0%E5%BD%A2%E8%B5%84%E4%BA%A7) Disclosures on the carrying amount, amortization policy, and current amortization expense of intangible assets, as well as significant acquisitions and disposals - Discloses the carrying amount, amortization policy, and current amortization expense of intangible assets[298](index=298&type=chunk)[299](index=299&type=chunk) - Includes significant acquisitions and disposals[298](index=298&type=chunk)[299](index=299&type=chunk) [Goodwill](index=101&type=section&id=%E5%95%86%E8%AA%89) Disclosures on the initial recognition amount of goodwill, impairment test results, and recognition of impairment losses - Discloses the initial recognition amount of goodwill and impairment test results[299](index=299&type=chunk) - Includes the recognition of impairment losses[299](index=299&type=chunk) [Investments in Associates and Joint Ventures](index=101&type=section&id=%E5%AF%B9%E8%81%94%E8%90%A5%E5%85%AC%E5%8F%B8%E5%92%8C%E5%90%88%E8%B5%84%E4%BC%81%E4%B8%9A%E7%9A%84%E6%8A%95%E8%B5%84) Disclosures on the carrying amount of investments in associates and joint ventures, share of profit or loss under the equity method, and significant transactions - Discloses the carrying amount of investments in associates and joint ventures and the share of profit or loss under the equity method[300](index=300&type=chunk)[301](index=301&type=chunk) - Includes significant transactions[300](index=300&type=chunk)[301](index=301&type=chunk) [Other Financial Assets](index=103&type=section&id=%E5%85%B6%E4%BB%96%E9%87%91%E8%9E%8D%E8%B5%84%E4%BA%A7) Disclosures on the classification, measurement methods, and ending balances of other financial assets, including financial assets measured at fair value through profit or loss - Discloses the classification, measurement methods, and ending balances of other financial assets[305](index=305&type=chunk) - Includes financial assets measured at fair value through profit or loss[305](index=305&type=chunk) [Other Financial Liabilities](index=103&type=section&id=%E5%85%B6%E4%BB%96%E9%87%91%E8%9E%8D%E8%B4%9F%E5%80%BA) Disclosures on the classification, measurement methods, and ending balances of other financial liabilities, including financial liabilities measured at fair value through profit or loss - Discloses the classification, measurement methods, and ending balances of other financial liabilities[305](index=305&type=chunk)[308](index=308&type=chunk)[311](index=311&type=chunk)[314](index=314&type=chunk)[317](index=317&type=chunk) - Includes financial liabilities measured at fair value through profit or loss[305](index=305&type=chunk)[308](index=308&type=chunk)[311](index=311&type=chunk)[314](index=314&type=chunk)[317](index=317&type=chunk) [Leases](index=108&type=section&id=%E7%A7%9F%E8%B5%81) Disclosures on the carrying amount of lease liabilities, lease payments, and right-of-use asset information for leased assets - Discloses the carrying amount of lease liabilities and lease payments[320](index=320&type=chunk) - Includes right-of-use asset information for leased assets[320](index=320&type=chunk) [Provisions](index=108&type=section&id=%E5%87%86%E5%A4%87%E9%87%91) Disclosures on the ending balances of various provisions, current period movements, and the nature and amount of estimated liabilities - Discloses the ending balances of various provisions and current period movements[320](index=320&type=chunk) - Includes the nature and amount of estimated liabilities[320](index=320&type=chunk) [Share Capital](index=109&type=section&id=%E8%82%A1%E6%9C%AC) Disclosures on the company's share capital structure, including the number and amount of issued and paid-up share capital, and changes in share capital - Discloses the company's share capital structure, including the number and amount of issued and paid-up share capital[321](index=321&type=chunk) [Reserves](index=109&type=section&id=%E5%82%A8%E5%A4%87) Detailed explanation of the company's various reserves, including statutory reserves, capital reserves, and retained earnings, as well as their formation and utilization - Detailed explanation of the company's various reserves, including statutory reserves, capital reserves, and retained earnings[321](index=321&type=chunk) [Borrowings](index=170&type=section&id=%E5%80%9F%E6%AC%BE) Disclosures on the ending balances, interest rates, maturity dates, and collateral arrangements for the company's various borrowings - Discloses the ending balances, interest rates, and maturity dates for the company's various borrowings[536](index=536&type=chunk)[540](index=540&type=chunk)[543](index=543&type=chunk) - Includes collateral arrangements[536](index=536&type=chunk)[540](index=540&type=chunk)[543](index=543&type=chunk) [Trade and Other Payables](index=174&type=section&id=%E5%BA%94%E4%BB%98%E8%B4%A6%E6%AC%BE%E5%8F%8A%E5%85%B6%E4%BB%96%E5%BA%94%E4%BB%98%E6%AC%BE) Disclosures on the ending balances of trade and other payables, aging analysis, and the nature of significant payables - Discloses the ending balances of trade and other payables and aging analysis[550](index=550&type=chunk)[551](index=551&type=chunk) - Includes the nature of significant payables[550](index=550&type=chunk)[551](index=551&type=chunk) [Deferred Income Tax](index=117&type=section&id=%E9%80%92%E5%BB%B6%E6%89%80%E5%BE%97%E7%A8%8E) Disclosures on the ending balances and current period movements of deferred income tax assets and liabilities, and related deductible and taxable temporary differences - Discloses the ending balances and current period movements of deferred income tax assets and liabilities[347](index=347&type=chunk)[349](index=349&type=chunk)[351](index=351&type=chunk) - Includes related deductible and taxable temporary differences[347](index=347&type=chunk)[349](index=349&type=chunk)[351](index=351&type=chunk) [Income Tax Expense](index=181&type=section&id=%E6%89%80%E5%BE%97%E7%A8%8E%E8%B4%B9%E7%94%A8) Disclosures on the composition of current and deferred income tax expense, and a reconciliation of the effective tax rate to the statutory tax rate - Discloses the composition of current and deferred income tax expense[576](index=576&type=chunk) - Includes a reconciliation of the effective tax rate to the statutory tax rate[576](index=

ISDNHoldings 於新加坡註冊成立的有限公司 (新加坡股份代號：I07.SI) （香港股份代號：1656) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|--------------|-------|-------|------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 ...