Group 1 - The core revenue for the first half of 2025 reached 212.9 million SGD, representing a year-on-year growth of 22.0%, with all major business segments (industrial automation and renewable energy) and key regions (mainland China, Southeast Asia, and Taiwan) showing growth [1] - The strengthening of the SGD in the first half of 2025 had a certain impact on revenue; if calculated at fixed exchange rates, revenue would have increased by 27.0% year-on-year [1] - The profit attributable to shareholders was 1.3 million SGD, down from 3.8 million SGD in the previous year; however, excluding unrealized foreign exchange losses primarily from the renewable energy business, the core profit attributable to shareholders achieved a year-on-year growth of 35.1% [1]

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 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 ISDN HOLDINGS LIMITED 億仕登控股有限公司 （於新加坡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） 海外監管公告 媒體發佈 本海外監管公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條之規定作 出。 請參閱以下億仕登控股有限公司（「本公司」）於2025年8月11日於新加坡證券交易所 有限公司網頁發表之公告。 承董事會命 億仕登控股有限公司 常務董事兼總裁 張子鈞 香港，2025年8月11日 於本公告日期，本公司董事會包括本公司執行董事張子鈞先生及孔德揚先生；本公司 非執行董事 Toh Hsiang-Wen Keith 先生；以及本公司獨立非執行董事陳順亮先生（主 席）、蘇健興先生及王素玲女士。 媒體新聞稿 億仕登控股有限公司公佈 2025 年上半年業績：收入增長 22%，核心 股東利潤增長 35%1，所有主要業 ...

[Financial Summary](index=1&type=section&id=Financial%20Summary) In H1 2025, the company's revenue grew by 22.0%, but profit after tax decreased by 33.7% and profit attributable to owners of the Company fell by 66.0% Key Financial Indicators for H1 2025 | Indicator | H1 2025 (S$ thousand) | H1 2024 (S$ thousand) | Change | | :--- | :--- | :--- | :--- | | Revenue | 212,895 | 174,573 | +22.0% | | Gross Profit | 50,528 | 44,393 | +13.8% | | Profit after tax | 3,847 | 5,806 | -33.7% | | Profit attributable to owners of the Company | 1,286 | 3,781 | -66.0% | | Basic earnings per share (cents) | 0.29 | 0.85 | -65.9% | - The Board does not recommend an interim dividend for H1 2025, consistent with the prior year[3](index=3&type=chunk) [Financial Statements](index=3&type=section&id=Financial%20Statements) [Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=A.%20Interim%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) H1 2025 revenue grew 22.0%, but profit for the period dropped 33.7% and profit attributable to owners fell 66.0% due to increased costs and foreign exchange losses Key Consolidated Statement of Profit or Loss Data | Item | H1 2025 (S$ thousand) | H1 2024 (S$ thousand) | Year-on-year Change | | :--- | :--- | :--- | :--- | | Revenue | 212,895 | 174,573 | +22.0% | | Gross Profit | 50,528 | 44,393 | +13.8% | | Profit before income tax | 7,475 | 8,515 | -12.2% | | Profit for the period | 3,847 | 5,806 | -33.7% | | Profit attributable to owners of the Company | 1,286 | 3,781 | -66.0% | | Basic earnings per share (cents) | 0.29 | 0.85 | -65.9% | - Other comprehensive loss was primarily driven by a **S$5.66 million** foreign exchange difference, a significant negative shift from the **S$0.44 million** gain in the prior year, impacting total comprehensive income[7](index=7&type=chunk) [Consolidated Statement of Financial Position](index=4&type=section&id=B.%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets slightly increased to S$423 million, driven by higher non-current service concession receivables, while total liabilities rose and total equity slightly decreased to S$245 million Key Consolidated Statement of Financial Position Items (Group) | Item | June 30, 2025 (S$ thousand) | December 31, 2024 (S$ thousand) | | :--- | :--- | :--- | | **Total Assets** | **423,366** | **415,905** | | Non-current assets | 189,765 | 169,527 | | Current assets | 233,601 | 246,378 | | **Total Liabilities** | **178,174** | **168,693** | | Non-current liabilities | 47,253 | 55,519 | | Current liabilities | 130,921 | 113,174 | | **Total Equity** | **245,192** | **247,212** | - Non-current service concession receivables significantly increased from **S$81.65 million** to **S$102 million**, serving as the primary driver for asset growth[9](index=9&type=chunk) [Interim Condensed Consolidated Statement of Changes in Equity](index=5&type=section&id=C.%20Interim%20Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) In H1 2025, total equity slightly decreased from S$247 million to S$245 million, as profit for the period was offset by other comprehensive losses, primarily from negative foreign exchange reserve movements - Equity attributable to owners of the Company decreased from **S$207 million** to **S$203 million**, mainly due to a total comprehensive loss of **S$3.32 million**, which included **S$1.29 million** profit and **S$4.61 million** foreign exchange reserve loss[11](index=11&type=chunk) [Interim Condensed Consolidated Statement of Cash Flows](index=7&type=section&id=D.%20Interim%20Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) Net cash from operating activities significantly decreased to S$7.22 million in H1 2025, primarily due to changes in service concession receivables, leading to a slight reduction in period-end cash and cash equivalents Consolidated Cash Flow Statement Summary (Group) | Item | H1 2025 (S$ thousand) | H1 2024 (S$ thousand) | | :--- | :--- | :--- | | Net cash generated from operating activities | 7,218 | 15,546 | | Net cash used in investing activities | (5,277) | (3,643) | | Net cash used in financing activities | (2,777) | (10,323) | | Net decrease/increase in cash and cash equivalents | (836) | 1,580 | | Cash and cash equivalents at end of period | 56,071 | 60,071 | - The decline in operating cash flow was primarily due to a **S$20.49 million** outflow from "changes in receivables from service concession arrangements", significantly higher than the **S$0.70 million** in the prior year[15](index=15&type=chunk) [Notes to the Interim Condensed Consolidated Financial Statements](index=9&type=section&id=E.%20Notes%20to%20the%20Interim%20Condensed%20Consolidated%20Financial%20Statements) [5 Segment Information](index=10&type=section&id=5%20Segment%20Information) In H1 2025, renewable energy and other specialized engineering solutions segments saw significant revenue growth, while motion control remained stable, with China as the largest market and Indonesia showing substantial growth External Sales Revenue by Business Segment (S$ thousand) | Business Segment | H1 2025 | H1 2024 | Year-on-year Change | | :--- | :--- | :--- | :--- | | Engineering Solutions—Motion Control | 131,788 | 131,098 | +0.5% | | Other Specialized Engineering Solutions | 44,541 | 34,805 | +28.0% | | Industrial Computing Solutions | 3,166 | 3,101 | +2.1% | | Renewable Energy | 32,479 | 4,961 | +554.7% | | **Total** | **212,895** | **174,573** | **+22.0%** | Revenue from External Customers by Geographical Region (S$ thousand) | Region | H1 2025 | H1 2024 | Year-on-year Change | | :--- | :--- | :--- | :--- | | China | 132,279 | 127,671 | +3.6% | | Indonesia | 32,757 | 5,190 | +531.2% | | Singapore | 17,702 | 15,807 | +12.0% | | Other | 29,157 | 25,905 | +12.6% | [10 Basic Earnings Per Share](index=18&type=section&id=10%20Basic%20Earnings%20Per%20Share) Basic and diluted earnings per share decreased by 65.9% to 0.29 cents, primarily due to a significant decline in profit attributable to owners of the Company Earnings Per Share Calculation | Item | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Profit attributable to owners (S$ thousand) | 1,286 | 3,781 | | Weighted average number of ordinary shares | 448,590,125 | 446,000,209 | | Basic and diluted earnings per share (cents) | 0.29 | 0.85 | [15 Trade and Other Receivables](index=21&type=section&id=15%20Trade%20and%20Other%20Receivables) Group receivables are mainly service concession and trade receivables, with non-current service concession receivables significantly increasing to S$102 million, and over 90-day trade receivables accounting for 23.9% - Non-current service concession receivables significantly increased, reflecting the long-term contractual nature of the renewable energy business[66](index=66&type=chunk) Trade Receivables Ageing Analysis (Group) | Ageing | June 30, 2025 (S$ thousand) | December 31, 2024 (S$ thousand) | | :--- | :--- | :--- | | Within 30 days | 38,624 | 40,337 | | 31 to 90 days | 32,078 | 29,197 | | Over 90 days | 22,185 | 24,264 | | **Total** | **92,887** | **93,798** | [Management Discussion and Analysis](index=26&type=section&id=F.%20Management%20Discussion%20and%20Analysis) [Business Review](index=26&type=section&id=Business%20Review) H1 2025 revenue grew 22.0% (27.0% at constant currency) driven by industrial automation and renewable energy construction, but profit attributable to owners declined 66.0% due to unrealized FX losses, though core profit grew 35.1% excluding this impact - Core industrial automation business revenue grew by **6.4%** (**10.4%** at constant currency), accounting for **84.7%** of total revenue[88](index=88&type=chunk) - Renewable energy business saw significant growth, with **S$27.10 million** in construction revenue from two small hydropower plants under construction, projected to increase total installed capacity by **81.3%** upon 2026 operation[88](index=88&type=chunk) - China's industrial automation business revenue increased by **3.7%** (**9.7%** in RMB terms), surpassing China's GDP growth, highlighting its critical role in the economy[86](index=86&type=chunk) - Southeast Asia industrial automation business revenue grew by **15.1%**, benefiting from global supply chain diversification and regional industrial upgrades, with strong growth in Malaysia, Thailand, and Taiwan[91](index=91&type=chunk) [Business Outlook](index=28&type=section&id=Business%20Outlook) The Group maintains cautious optimism, focusing on capability enhancement and market expansion, with strong growth prospects in industrial automation in China and Southeast Asia, and significant opportunities in renewable energy in Indonesia - China market: Government investments in robotics and AI, along with the 15th Five-Year Plan's focus on technological innovation, will create favorable conditions for long-term growth[100](index=100&type=chunk)[102](index=102&type=chunk) - Markets outside China: Strategic expansion in Malaysia, Thailand, and Taiwan has shown initial success, benefiting from enhanced industrial manufacturing capabilities in Southeast and East Asia[104](index=104&type=chunk) - Renewable Energy: Indonesia's new Electricity Supply Business Plan (RUPTL) significantly raises renewable energy targets, with hydropower as the second-largest expansion source, promising long-term stable revenue and profit growth[105](index=105&type=chunk) [Financial Review](index=30&type=section&id=Financial%20Review) Revenue growth was driven by renewable energy construction and industrial automation, but overall gross margin decreased to 23.7% due to lower-margin construction revenue, while other operating expenses rose significantly due to S$5.3 million in foreign exchange losses, maintaining a healthy gearing ratio of 34.9% Revenue and Gross Profit Analysis (S$ thousand) | Segment | Revenue (H1 2025) | Gross Profit (H1 2025) | Gross Margin (H1 2025) | Gross Margin (H1 2024) | | :--- | :--- | :--- | :--- | :--- | | Industrial Automation | 180,416 | 43,574 | 24.2% | 23.5% | | Renewable Energy | 32,479 | 6,954 | 21.4% | 91.4% | | - Operations & Financing | 5,352 | 4,944 | 92.4% | 91.4% | | - Construction Revenue | 27,127 | 2,010 | 7.4% | N/A | | **Total** | **212,895** | **50,528** | **23.7%** | **25.4%** | - Other operating expenses increased by **S$6.4 million**, primarily due to a **S$5.3 million** foreign exchange loss from the revaluation of receivables and payables caused by a weaker USD against SGD and a stronger USD against IDR[115](index=115&type=chunk) - As of June 30, 2025, the Group's gearing ratio (total borrowings/shareholders' equity) was **34.9%**, slightly higher than **34.0%** at the end of 2024[137](index=137&type=chunk) [Other Information](index=36&type=section&id=G.%20Other%20Information) [Dividend Information](index=36&type=section&id=Dividend%20Information) Considering economic and operating uncertainties, the Board decided not to recommend an interim dividend for 2025, aiming to conserve funds for business development - The Board did not declare or recommend an interim dividend for the period ended June 30, 2025[155](index=155&type=chunk) [Material Acquisitions and Disposals](index=38&type=section&id=Material%20Acquisitions%20and%20Disposals) During the period, the Group engaged in capital activities including the proposed acquisition of 51% equity in PT Funda Konstruksi Engineering, establishment of a wholly-owned subsidiary, and completion of 51% acquisition of IFME Works to enhance capabilities in power facility construction, management services, and engineering solutions - On May 15, 2025, the Company completed the acquisition of **51.0%** equity in IFME Works Pte. Ltd. for **S$2.5 million**, making it a subsidiary of the Group[166](index=166&type=chunk) - On March 20, 2025, the Company established a wholly-owned subsidiary, Estun (Jiangxi) Management Co., Ltd., with a registered capital of **US$15 million**, primarily for management services and property holding[165](index=165&type=chunk) [Corporate Governance](index=38&type=section&id=Corporate%20Governance) The Group adheres to Singapore and Hong Kong corporate governance codes, with an Audit Committee comprising three independent non-executive directors who reviewed the unaudited financial results, confirming compliance with accounting standards and listing rules - The Group has complied with the provisions of the 2018 revised Code of Corporate Governance in Singapore and the Corporate Governance Code in Hong Kong[167](index=167&type=chunk) - The Audit Committee, composed of three independent non-executive directors, has reviewed the unaudited consolidated results of the Group for the period[170](index=170&type=chunk)

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年7月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 億仕登控股有限公司 | | | | 呈交日期: | 2025年8月4日 | | | | I. 法定/註冊股本變動 | 不適用 | | | | 備註： | | | | | | 本公司於新加坡註冊成立。根據新加坡公司法，在新加坡註冊成立的公司並無法定股本及就已發行股份而言並無面值的概念。 | | | FF301 第 2 頁 共 10 頁 v 1.1.1 FF301 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） 不適用 第 3 頁 共 10 頁 v 1.1.1 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- ...

格隆汇7月30日丨亿仕登控股(01656.HK)公告，公司谨订于2025年8月11日(星期一)举行董事会会议，藉 以(其中包括)考虑及批准公司及其附属公司截至2025年6月30日止6个月未经审核综合财务业绩以供发布 及考虑宣派中期股息(如有)。 ...

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 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 香港，二零二五年七月三十日 ISDN HOLDINGS LIMITED 億仕登控股有限公司 於本公告日期，董事會包括本公司執行董事張子鈞先生及孔德揚先生；本公司非執行董 事 Toh Hsiang-Wen Keith 先生；以及本公司獨立非執行董事陳順亮先生（主席）、蘇健 興先生及王素玲女士。 （於新加坡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） 董事會會議日期 億仕登控股有限公司（「本公司」）宣佈，本公司謹訂於二零二五年八月十一日（星期 一）舉行董事會（「董事會」）會議，藉以（其中包括）考慮及批准本公司及其附屬公 司截至二零二五年六月三十日止六個月之未經審核綜合財務業績以供發佈及考慮宣派中 期股息（如有）。 代表 億仕登控股有限公司 常務經理兼總裁 張子鈞 ...

Core Insights - The announcement highlights a strategic partnership between Yishideng Holdings and Schneider Electric to enhance the adoption of Smart Warehouse Systems (SWS) in Asia [1][2] - The collaboration aims to implement SWS in Singapore and connect with potential clients for future projects [1] - Significant improvements from the SWS deployment include a 50% increase in warehouse productivity, a 91% reduction in inventory counting time (from one month to 24 hours), a 33% reduction in inventory manpower, and near-perfect order accuracy [1] Company Developments - Yishideng's Executive Director and President, Zhang Zijun, emphasized the trend towards integrated, customized solutions in automation technology, particularly in smart warehousing [2] - The company collaborates with global technology leaders like Schneider Electric to deliver and validate advanced systems across Asia [2] - The partnership with Schneider Electric exemplifies a "global localization" strategy, focusing on advanced local technologies to enhance supply chain resilience and management [2]

Group 1 - The core point of the article is that Servo Dynamics Pte. Ltd. has signed a strategic joint sales agreement with Harmonic Drive Systems Inc. to expand HDSI's products and solutions in the Asian market, targeting significant sales growth by fiscal year 2030 [1][2] - The agreement focuses on promoting HDSI's leading products, including harmonic gear reducers, planetary gear sets, and mechatronic integration products, particularly in sectors such as semiconductor manufacturing, medical equipment, and artificial intelligence robotics [1] - The partnership aims to achieve over 2 billion Japanese yen in sales growth before the fiscal year 2030, indicating a strong commitment to expanding market presence in key Asian regions [1] Group 2 - HDSI will provide technical training and sales support to Servo Dynamics, ensuring high-value customer interactions, while SD will handle customer service and leverage its system engineering expertise and pan-Asian sales network [2] - The partnership is viewed as a significant step for HDSI towards its strategic vision of becoming a leading provider of comprehensive motion control solutions in a vibrant and opportunity-rich Asian market [2]

Financial Performance - The company reported a revenue of $372.4 million for the fiscal year 2024, reflecting an 18% growth over the past five years[10]. - Shareholder profit (PATMI) for fiscal year 2024 was $8.5 million, up from $4.95 million in fiscal year 2023[16]. - The gross profit for fiscal year 2024 was $94.9 million, compared to $91.1 million in fiscal year 2023[16]. - The company reported a basic earnings per share of 1.91 cents for fiscal year 2024, an increase from 1.12 cents in fiscal year 2023[16]. - For the fiscal year 2024, the company's revenue increased by 9.0% year-on-year, with shareholder earnings rising by 72.1%[83]. - The group's total revenue increased from SGD 341.8 million in FY2023 to SGD 372.4 million in FY2024, representing a growth of approximately SGD 30.6 million or 9.0%[98]. - Renewable energy revenue surged to SGD 22.3 million from SGD 6.7 million, with operational income contributing SGD 10.3 million and construction income SGD 12.0 million[98]. - The overall gross profit increased by 4.1% to SGD 94.9 million, while the gross profit margin decreased from 26.7% to 25.5%[100]. - The company reported a 25% increase in net profit and a 72% increase in shareholder profit due to revenue growth and prudent cost management[128]. Market Expansion and Strategy - The company has over 10,000 enterprise customers across more than 75 locations in Asia[10]. - The company has established 78 offices across the Asia-Pacific region, enhancing its market presence[17]. - The company aims to leverage the "Asia-for-Asia" transformation and the "China+1" strategy to benefit from geopolitical shifts[20]. - The company is focusing on expanding its industrial automation business and investing in new technologies to meet evolving customer needs[29]. - The company is actively pursuing more small hydropower projects in Indonesia to expand its renewable energy solutions, aligning with the government's target to increase installed renewable energy capacity to 100 GW by 2040[36]. - The company is committed to sustainable industrial growth through its green industrial solutions and clean energy product offerings[7]. - The company is focused on developing renewable energy solutions for solar, energy storage, and smart energy grids, contributing to a greener industrial future[52]. Investments and Acquisitions - The company increased its stake in IDI Laser Services Pte Ltd from 33.3% to 70%, integrating advanced laser solutions into its product portfolio, part of a strategy to promote industrial automation in Asia[35]. - The company has invested in three small hydropower stations in Southeast Asia, demonstrating its commitment to sustainable industrial practices[52]. - The company made an additional investment of USD 1 million (approximately SGD 1.36 million) into its wholly-owned subsidiary in Jiangxi for working capital[123]. - The company acquired 150,000 shares of FM and 7,500 shares of Centronics, representing 30% of their total issued share capital, for a total consideration of approximately SGD 2.05 million[122]. Corporate Governance - The board proposed a final dividend of 0.47 SGD cents for fiscal year 2024, representing a payout ratio of 25%[91]. - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring a majority of independent members[180]. - The company has established mechanisms to ensure independent opinions are communicated to the board, enhancing decision-making effectiveness[176]. - The board has complied with regulations requiring at least one-third of its members to be independent non-executive directors[177]. - The company recognizes the importance of board independence for effective governance and decision-making[176]. - The board has established four committees: Audit Committee (AC), Nomination Committee (NC), Remuneration Committee (RC), and Risk Management Committee (RMC) to assist in fulfilling its responsibilities[160]. Sustainability and Social Responsibility - The company is actively constructing more hydropower stations, demonstrating strong profitability in its hydropower business[24]. - The company collaborates with local communities in Indonesia to provide renewable energy and job opportunities, enhancing its social responsibility[52]. - The company is committed to providing tailored automation and control software products based on specific industrial customer needs[48]. Future Outlook - The company maintains a cautiously optimistic outlook for fiscal year 2025, driven by capacity enhancement and market expansion[92]. - The company anticipates a GDP growth target of approximately 5% for China in 2025, focusing on boosting consumption and strategic investments[37]. - The Chinese industrial automation market is expected to grow from USD 150 billion in 2024 to USD 250 billion by 2029, presenting significant opportunities for the company[94].

Financial Performance - In the fiscal year 2024, the company achieved a revenue growth of 25% and a shareholder profit growth of 72%[5] - The total revenue for fiscal year 2024 was 372.44 million SGD, reflecting a year-on-year increase of 9.0%[6] - The net profit after tax (PAT) for the second half of 2024 increased by 41% compared to the first half[5] - Revenue for the six months ended December 31, 2024, was SGD 197.87 million, representing a 15.5% increase compared to SGD 171.36 million in the same period of 2023[18] - Full-year revenue for 2024 was SGD 372.44 million, up 9.0% from SGD 341.77 million in 2023[18] - Gross profit for the six months ended December 31, 2024, was SGD 50.52 million, a 10.9% increase from SGD 45.55 million in 2023[18] - Net profit after tax for the six months ended December 31, 2024, was SGD 8.16 million, significantly up from SGD 2.11 million in 2023[18] - The profit attributable to owners of the company for the six months ended December 31, 2024, was SGD 4.74 million, a substantial increase from SGD 0.37 million in 2023[18] - Basic earnings per share for the six months ended December 31, 2024, was SGD 1.06, compared to SGD 0.08 in 2023, marking a significant increase[18] - The net profit for the year ended December 31, 2024, was 8,522 thousand New Taiwan dollars, compared to 4,952 thousand New Taiwan dollars in 2023, representing a year-over-year increase of 72.5%[26] Dividends and Shareholder Returns - The final dividend for fiscal year 2024 was set at 0.47 SGD, a 67.9% increase from the previous fiscal year, indicating strong shareholder returns[5] - The board proposed a final dividend of SGD 0.47 per share for the year ended December 31, 2024, compared to SGD 0.28 per share in 2023[18] - The total dividends paid for the fiscal year 2024 amounted to 1,251,000 SGD, a decrease from 3,548,000 SGD in 2023, primarily due to a reduction in the dividend per share from 0.80 SGD to 0.28 SGD[91] Business Segments and Growth - The company reported a significant growth in its hydropower business, with a year-on-year revenue increase of 233%, reaching a monthly revenue of 22.30 million SGD[7] - The industrial automation segment, which constitutes 71% of total revenue, saw a year-on-year growth of 4% in fiscal year 2024[7] - The company is focusing on advanced technologies such as smart automation, IoT, and AI, which are expected to drive long-term growth[12] - The strategic expansion into Southeast Asia and Taiwan is aimed at capitalizing on the "China +1" supply chain restructuring opportunities[11] - The company plans to expand its regional markets from core areas like China and Singapore to new markets including Malaysia and Taiwan[5] Financial Position and Assets - Total assets as of December 31, 2024, were 415,905 thousand New Taiwan dollars, compared to 400,439 thousand New Taiwan dollars in 2023, reflecting a growth of 3.7%[24] - Non-current assets increased to 169,527 thousand New Taiwan dollars in 2024 from 153,766 thousand New Taiwan dollars in 2023, marking a 10.2% rise[24] - The company’s total liabilities increased to 168,693 thousand New Taiwan dollars in 2024 from 159,774 thousand New Taiwan dollars in 2023, an increase of 5.7%[24] - The company’s cash and bank balances decreased to 56,519 thousand New Taiwan dollars in 2024 from 60,033 thousand New Taiwan dollars in 2023[24] Cash Flow and Investments - The company reported a net cash inflow from operating activities of 18,381 thousand New Taiwan dollars for the year 2024, recovering from a net cash outflow of 24,147 thousand New Taiwan dollars in 2023[31] - The group invested approximately 11,520,000 SGD in property, plant, and equipment during the fiscal year 2024, compared to 6,878,000 SGD in 2023, marking an increase of 67.5%[96] - Net cash used in investing activities for the fiscal year 2024 was approximately 6.9 million SGD, mainly due to the purchase of property, plant, and equipment of about 7.5 million SGD[174] Market Outlook - The company maintains a cautious optimism for fiscal year 2025, anticipating benefits from market recovery and long-term growth strategies[9] - The company anticipates continued growth in 2025 and beyond, driven by technological advancements and supply chain evolution[12] - The company maintains a cautiously optimistic outlook for fiscal year 2025, anticipating continued recovery in industrial automation markets[136] Operational Efficiency - The gross profit margin for fiscal year 2024 decreased by 1.2 percentage points, primarily due to a shift towards lower-margin solutions in the semiconductor and electronics sectors[8] - Distribution costs increased by approximately SGD 1.5 million or 11.1% to SGD 15.4 million in the second half of 2024, primarily due to an increase in employee salaries and related costs[149] - Administrative expenses rose by approximately SGD 0.5 million or 2.5% to SGD 22.0 million in the second half of 2024, mainly due to an increase in executive directors' performance bonuses[152] Employee and Corporate Governance - As of December 31, 2024, the group has a total of 1,283 employees, up from 1,149 in 2023[186] - The group has implemented a new equity incentive plan aimed at aligning employee interests with those of shareholders and enhancing performance[186]