Financial Performance - Revenue for the first half of 2024 reached SGD 174.573 million, a 2.4% increase from SGD 170.411 million in the same period of 2023[14] - Gross profit for the first half of 2024 was SGD 44.393 million, representing a gross margin of 25.4%, compared to SGD 45.584 million and a gross margin of 26.8% in the first half of 2023[14] - Net profit for the first half of 2024 was SGD 5.806 million, down 35.1% from SGD 9.061 million in the first half of 2023[14] - Total comprehensive income for the first half of 2024 amounted to SGD 5.953 million, an increase of 6.7% from SGD 5.578 million in the same period of 2023[14] - Basic and diluted earnings per share for the first half of 2024 were SGD 0.85, down from SGD 1.04 in the first half of 2023[14] Assets and Liabilities - Total assets as of June 30, 2024, were SGD 405.835 million, a slight increase from SGD 400.439 million as of December 31, 2023[15] - Total liabilities remained stable at SGD 159.956 million as of June 30, 2024, compared to SGD 159.774 million as of December 31, 2023[15] - Total equity as of June 30, 2024, is 240,665 thousand SGD, an increase from 245,879 thousand SGD as of January 1, 2023, reflecting a decrease of approximately 2.5%[18] - The company’s total liabilities decreased to 198,622 thousand SGD as of June 30, 2024, from 202,746 thousand SGD as of January 1, 2023, representing a reduction of about 2.2%[18] Cash Flow and Investments - Cash flow from operating activities before tax for the six months ended June 30, 2024, is 8,515 thousand SGD, down from 13,346 thousand SGD in the same period of 2023, representing a decline of about 36.5%[20] - Net cash used in investing activities for the six months ended June 30, 2024, is (3,643) thousand SGD, compared to (2,232) thousand SGD in the same period of 2023, indicating an increase in cash outflow of approximately 63.5%[21] - The company reported a net cash inflow from operating activities of 15,546 thousand SGD for the six months ended June 30, 2024, compared to a net outflow of (1,149) thousand SGD in the same period of 2023[20] - The company’s cash flow from financing activities for the six months ended June 30, 2024, is (10,323) thousand SGD, compared to (1,095) thousand SGD in the same period of 2023, indicating a significant increase in cash outflow[21] Segment Performance - The engineering solutions segment reported a revenue of 131,098 thousand SGD for the first half of 2024, slightly down from 131,575 thousand SGD in the same period of 2023[30] - The renewable energy segment generated a revenue of 4,961 thousand SGD in the first half of 2024, maintaining its performance from the previous year[30] - Revenue from the China segment was 127,671 thousand SGD in the first half of 2024, up from 124,992 thousand SGD in the first half of 2023, indicating a growth of about 2.7%[39] - The Singapore segment generated 15,807 thousand SGD in revenue for the first half of 2024, compared to 16,611 thousand SGD in the same period of 2023, showing a decline of approximately 4.8%[39] Expenses and Costs - The company reported a decrease in administrative expenses to SGD 19.775 million from SGD 18.953 million in the previous year[14] - Distribution costs rose by SGD 1.9 million or 15.4% to SGD 14.4 million, mainly due to reclassification of administrative costs[84] - Administrative expenses increased by SGD 0.8 million or 4.3% to SGD 20.0 million, attributed to higher withholding taxes and maintenance costs[85] - Financing costs rose significantly to 2,767,000 SGD in 2024, up 33.6% from 2,071,000 SGD in 2023[41] Future Outlook and Strategy - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[13] - The company indicated plans for future market expansion and product development, focusing on enhancing its engineering solutions and industrial computing capabilities[36] - The group continues to evaluate potential market expansions and new strategies to enhance its competitive position in the industry[30] - The company is committed to expanding its industrial automation solutions and renewable energy business while exploring new geographical markets[70] Shareholder Information - The company declared a final tax-exempt dividend of 0.28 SGD per share for 2024, down from 0.80 SGD per share in 2023, totaling 1,249,000 SGD compared to 3,532,000 SGD in the previous year[47] - The group did not recommend an interim dividend for the first half of 2024, consistent with the previous year where no dividend was declared[105] - The group’s major shareholders include Mr. Zhang, who holds 143,949,181 shares, representing approximately 32.28% of the issued share capital[106] Compliance and Governance - The company complies with the 2018 revised Singapore Code of Corporate Governance and the Hong Kong Corporate Governance Code, ensuring shareholder protection and long-term value[116] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the financial period ended June 30, 2024[119] - The company has adhered to the internal compliance rules regarding securities trading by its directors and senior executives during the financial period[116]

[Financial Summary](index=1&type=section&id=Financial%20Summary) The group's revenue increased by 2.4% to S$174.6 million, but profit after tax decreased by 35.9% to S$5.8 million, with basic EPS at S$0.85 cents | Metric | Six Months Ended June 30 (2024) | Six Months Ended June 30 (2023) | Change Percentage | | :--- | :--- | :--- | :--- | | Revenue (S$ thousand) | 174,573 | 170,411 | 2.4% | | Gross Profit (S$ thousand) | 44,393 | 45,584 | -2.6% | | Profit After Tax (S$ thousand) | 5,806 | 9,061 | -35.9% | | Profit Attributable to Equity Holders (S$ thousand) | 3,781 | 4,580 | -17.4% | | Basic Earnings Per Share (S$ cents) | 0.85 | 1.04 | -18.3% | | Interim Dividend | Not Recommended | Nil | - | [Interim Condensed Consolidated Financial Statements](index=3&type=section&id=Interim%20Condensed%20Consolidated%20Financial%20Statements) This section presents the group's financial position, performance, equity changes, and cash flows for the interim period [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) In H1 2024, group revenue grew 2.4% to S$175 million, but gross profit declined 2.6% to S$44.4 million, leading to a 36.2% drop in pre-tax profit due to increased costs | Item | H1 2024 (S$ thousand) | H1 2023 (S$ thousand) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Revenue | 174,573 | 170,411 | 2.4% | | Gross Profit | 44,393 | 45,584 | -2.6% | | Distribution Costs | (14,381) | (12,459) | 15.4% | | Finance Costs | (2,767) | (2,071) | 33.6% | | Profit Before Income Tax | 8,515 | 13,346 | -36.2% | | Profit for the Period | 5,806 | 9,061 | -35.9% | | Profit Attributable to Equity Holders of the Company | 3,781 | 4,580 | -17.4% | | Basic Earnings Per Share (S$ cents) | 0.85 | 1.04 | -18.3% | [Consolidated Statement of Financial Position](index=4&type=section&id=B.%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2024, total assets increased slightly to S$405.8 million, with total equity rising to S$245.9 million, while total liabilities remained stable at S$160.0 million | Item | June 30, 2024 (S$ thousand) | December 31, 2023 (S$ thousand) | | :--- | :--- | :--- | | **Assets** | | | | Total Non-Current Assets | 157,798 | 153,766 | | Total Current Assets | 248,037 | 246,673 | | **Total Assets** | **405,835** | **400,439** | | **Equity and Liabilities** | | | | Total Equity | 245,879 | 240,665 | | Total Non-Current Liabilities | 57,202 | 61,628 | | Total Current Liabilities | 102,754 | 98,146 | | **Total Liabilities** | **159,956** | **159,774** | | **Total Equity and Liabilities** | **405,835** | **400,439** | [Interim Condensed Consolidated Statement of Changes in Equity](index=5&type=section&id=C.%20Interim%20Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) Total equity increased from S$241 million at the start of 2024 to S$246 million by June 30, driven by the period's profit and offset by dividends to non-controlling interests - Equity attributable to equity holders of the Company increased from **S$199 million** at the beginning of 2024 to **S$203 million**, primarily due to **S$3.78 million** profit for the period and **S$0.34 million** in other comprehensive income[10](index=10&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 improved to S$15.55 million in H1 2024, while investing activities resulted in a S$3.64 million outflow and financing activities a S$10.32 million outflow | Item | H1 2024 (S$ thousand) | H1 2023 (S$ thousand) | | :--- | :--- | :--- | | Net Cash From/(Used in) Operating Activities | 15,546 | (1,149) | | Net Cash Used in Investing Activities | (3,643) | (2,232) | | Net Cash Used in Financing Activities | (10,323) | (1,095) | | Net Increase/(Decrease) in Cash and Cash Equivalents | 1,580 | (4,476) | | Cash and Cash Equivalents at End of Period | 60,071 | 49,572 | [Notes to the Interim Condensed Consolidated Financial Statements](index=9&type=section&id=E.%20Notes%20to%20the%20Interim%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed disclosures on segment information, earnings per share, dividends, and significant post-reporting period events [Segment Information](index=10&type=section&id=5.%20Segment%20Information) The group operates across four segments, with motion control as the largest revenue contributor at 75% of external sales, and China being the dominant market External Revenue by Business Segment (H1 2024) | Business Segment | Revenue (S$ thousand) | Share of Total Revenue | | :--- | :--- | :--- | | Engineering Solutions - Motion Control | 131,098 | 75.1% | | Other Professional – Engineering Solutions | 34,805 | 19.9% | | Industrial Computing Solutions | 3,101 | 1.8% | | Renewable Energy | 4,961 | 2.8% | | Others | 608 | 0.3% | | **Total** | **174,573** | **100.0%** | External Revenue by Geographical Region (H1 2024) | Region | Revenue (S$ thousand) | Share of Total Revenue | | :--- | :--- | :--- | | China | 127,671 | 73.1% | | Singapore | 15,807 | 9.1% | | Vietnam | 7,866 | 4.5% | | Indonesia | 5,190 | 3.0% | | Malaysia | 4,858 | 2.8% | | Hong Kong | 4,268 | 2.4% | | Others | 8,913 | 5.1% | | **Total** | **174,573** | **100.0%** | - The Renewable Energy segment's performance remained largely stable, with segment results at **S$2.308 million** (H1 2023: S$2.326 million), while revenue more than doubled from **S$2.351 million** to **S$4.961 million**[27](index=27&type=chunk) - The core "Engineering Solutions - Motion Control" segment's results decreased by **30.9%** year-on-year, from **S$9.396 million** to **S$6.488 million**[27](index=27&type=chunk) [Earnings Per Share](index=18&type=section&id=10.%20Earnings%20Per%20Share) Basic earnings per share for H1 2024 was S$0.85 cents, a decrease from S$1.04 cents in the prior year, based on S$3.781 million net profit | Item | H1 2024 | H1 2023 | | :--- | :--- | :--- | | Profit Attributable to Equity Holders (S$ thousand) | 3,781 | 4,580 | | Weighted Average Number of Ordinary Shares | 446,000,209 | 440,342,787 | | **Basic and Diluted Earnings Per Share (S$ cents)** | **0.85** | **1.04** | [Dividends](index=19&type=section&id=11.%20Dividends) The Board did not recommend an interim dividend for the six months ended June 30, 2024, but a final dividend for FY2023 was paid in August - The Board did not recommend an interim dividend for 2024 (H1 2023: nil)[1](index=1&type=chunk)[107](index=107&type=chunk) - The company paid a final dividend for FY2023 of **S$0.28 cents** per share, totaling approximately **S$1.249 million**, on August 26, 2024[46](index=46&type=chunk)[47](index=47&type=chunk) [Material Events](index=24&type=section&id=20.%20Material%20Events) Post-reporting period, the company established a joint venture in Malaysia for semiconductor and robotics integration and increased its stake in IDI Laser Pte Ltd to 70% - On July 4, 2024, a joint venture, Fuji Master (Penang) Sdn. Bhd., was established in Malaysia, with the Group holding a **75.5%** effective interest, focusing on semiconductor and robotics system integration[63](index=63&type=chunk) - On August 5, 2024, the effective equity interest in IDI Laser Pte Ltd was increased from **33.33%** to **70.00%** through acquisition and subscription[64](index=64&type=chunk) [Management Discussion and Analysis](index=26&type=section&id=F.%20Management%20Discussion%20and%20Analysis) This section provides an overview of the group's business performance, market outlook, and detailed financial review for the reporting period [Business Review](index=26&type=section&id=F.1%20Business%20Review) H1 2024 revenue grew 2.4% driven by China and renewable energy, but gross margin declined to 25.4% and net profit fell 35.9% due to increased costs and product mix changes - Revenue for H1 2024 increased by **2.4%** year-on-year, primarily driven by increased revenue contribution from China and the full commercialization of three mini-hydropower plants[65](index=65&type=chunk) - China Industrial Automation Business: Revenue increased by **3.2%** year-on-year, accounting for **75.6%** of total revenue - Southeast Asia Industrial Automation Business: Revenue decreased by **9.3%** year-on-year, accounting for **19.2%** of total revenue - Renewable Energy Business: Revenue increased by **111.0%** to **S$5.0 million**, accounting for **2.8%** of total revenue[66](index=66&type=chunk) - Gross profit margin decreased from **26.7%** in the prior year to **25.4%**, primarily reflecting changes in product mix across industries such as electronics, semiconductors, and medical[67](index=67&type=chunk)[73](index=73&type=chunk) - Due to a **33.6%** increase in finance costs and a **4.3%** increase in administrative expenses, the Group's net profit decreased by **35.9%** year-on-year to **S$5.8 million**[67](index=67&type=chunk)[69](index=69&type=chunk) [Business Outlook](index=28&type=section&id=F.2%20Business%20Outlook) Management is cautiously optimistic about market recovery in China and Southeast Asia, driven by manufacturing expansion and government incentives, despite macroeconomic uncertainties - Management believes that the manufacturing and industrial sectors in China and Southeast Asia are gradually recovering, with China's Caixin PMI averaging **51.3** in H1 2024, remaining in expansionary territory[70](index=70&type=chunk) - The Chinese government and private sector are addressing labor shortages by adopting smart manufacturing and advanced technologies, creating opportunities for the Group as a full-stack industrial automation solutions provider[70](index=70&type=chunk) - The Southeast Asian market remains a growth market for industrial automation in the long term, driven by wage inflation and the development of advanced manufacturing[70](index=70&type=chunk) [Financial Review](index=29&type=section&id=F.3%20Financial%20Review) This section analyzes the group's H1 2024 financial performance, highlighting revenue drivers, margin pressures, cost increases, balance sheet changes, and cash flow dynamics [Statement of Comprehensive Income Analysis](index=29&type=section&id=F.3.1%20Statement%20of%20Comprehensive%20Income%20Analysis) H1 2024 revenue grew 2.4% to S$175 million, but gross margin declined to 25.4%, while distribution, administrative, and finance costs all increased, leading to a drop in pre-tax profit | Business Segment | H1 2024 Revenue (S$ thousand) | H1 2023 Revenue (S$ thousand) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Industrial Automation Solutions | 169,612 | 168,060 | 0.9% | | Renewable Energy | 4,961 | 2,351 | 111.0% | - The gross profit margin for the Industrial Automation Solutions segment decreased from **25.8%** to **23.5%**, primarily due to increased pass-through sales and heightened competition in cyclical industries like semiconductors and electronics[72](index=72&type=chunk)[73](index=73&type=chunk) [Statement of Financial Position Analysis](index=31&type=section&id=F.3.2%20Statement%20of%20Financial%20Position%20Analysis) As of June 30, 2024, property, plant, and equipment increased by S$1.6 million, investments in associates rose by S$2.0 million, while inventory decreased and bank borrowings reduced to S$70.8 million - Inventories: Decreased by **4.8%** to **S$69.5 million** due to fulfilling customer orders - Trade and Other Receivables: Increased by **3.6%** to **S$114.6 million**, primarily due to higher trade receivables - Trade and Other Payables: Increased by **2.8%** to **S$66.5 million**, mainly due to higher trade payables - Bank Borrowings: Decreased by **6.5%** to **S$70.8 million**, as repayments exceeded new borrowings[86](index=86&type=chunk)[87](index=87&type=chunk)[88](index=88&type=chunk)[90](index=90&type=chunk) [Statement of Cash Flows Analysis](index=32&type=section&id=F.3.3%20Statement%20of%20Cash%20Flows%20Analysis) H1 2024 saw a significant improvement in operating cash flow to S$15.5 million, while investing and financing activities resulted in net outflows of S$3.6 million and S$10.3 million, respectively - Net cash generated from operating activities was **S$15.5 million**, a significant improvement from a net outflow of **S$1.1 million** in the prior year, primarily due to positive working capital changes from reduced inventories and increased payables[91](index=91&type=chunk) [Liquidity and Financial Resources](index=33&type=section&id=F.4%20Liquidity%20and%20Financial%20Resources) As of June 30, 2024, the group maintained healthy liquidity with S$60.8 million in cash, a quick ratio of 1.7x, and a reduced gearing ratio of 35.1% | Metric | June 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Cash and Bank Balances (S$ million) | 60.8 | 60.0 | | Quick Ratio | 1.7 times | 1.7 times | | Total Bank Borrowings (S$ million) | 70.8 | 75.7 | | Gearing Ratio | 35.1% | 38.2% | [Employees and Remuneration Policies](index=34&type=section&id=F.5%20Employees%20and%20Remuneration%20Policies) The group's employee count increased to 1,177 as of June 30, 2024, with market-competitive remuneration policies and a performance-sharing plan to incentivize key staff - As of June 30, 2024, the Group's total headcount was **1,177** employees, an increase of **28** from the end of 2023[101](index=101&type=chunk) [Other Regulatory Information Disclosures](index=36&type=section&id=G.%20Other%20Information%20Required%20by%20SGX%20Listing%20Rule%20Appendix%207.2%20and%20HKEX%20Listing%20Rule%20Appendix%20D2) This section covers dividend decisions, disclosures on share acquisitions and disposals, and the Audit Committee's review of the interim financial results [Dividend Information](index=36&type=section&id=G.5%20Dividend%20Information) The Board decided not to declare an interim dividend for H1 2024 to conserve funds for business development amidst an uncertain economic outlook - The Board did not declare or recommend an interim dividend for 2024 to conserve funds for uncertain operating environments and business development[110](index=110&type=chunk) [Disclosure of Acquisitions or Disposals of Shares During the Period](index=37&type=section&id=G.9%20Disclosure%20of%20Acquisitions%20%28including%20incorporations%29%20or%20Disposals%20of%20Shares%20Since%20the%20End%20of%20the%20Previous%20Reporting%20Period%20as%20Required%20by%20SGX%20Listing%20Manual%20Rule%20706A) The company made capital injections into subsidiaries for working capital and acquired stakes in FM and Centronics, making them associates, since the last reporting period - On February 22, 2024, **30%** stakes in FM and Centronics were acquired for approximately **S$2.028 million** and **S$0.025 million** respectively, making both companies associates of the Group[118](index=118&type=chunk) - Multiple capital injections were made into wholly-owned subsidiaries in mainland China and Malaysia during the period to support their working capital requirements[116](index=116&type=chunk)[118](index=118&type=chunk) [Audit Committee](index=39&type=section&id=G.12%20Audit%20Committee) The Audit Committee, comprising three independent non-executive directors, reviewed the unaudited consolidated results and confirmed their compliance with accounting standards and listing rules - The Audit Committee has reviewed the unaudited financial results for the period and confirmed their compliance and adequacy of disclosures[122](index=122&type=chunk)

Financial Performance - Revenue for the fiscal year 2023 was $341.8 million, a decrease from $370.8 million in 2022, marking a decline of approximately 7.3%[11] - The company reported a profit before tax of $18.9 million for 2023, down from $32.0 million in 2022, representing a decrease of about 41.1%[11] - The total revenue for fiscal year 2023 decreased by 7.8% to 341.8 million SGD compared to 370.8 million SGD in fiscal year 2022[81] - The revenue and profitability for the fiscal year 2023 were severely impacted by the global semiconductor and electronic products downturn[71] - The company's industrial automation business revenue in Southeast Asia decreased by 28.3% due to the downturn in the semiconductor and electronics sectors, yet it did not experience abnormal customer attrition[29] - In the fiscal year 2023, the industrial automation business in China, which accounts for 73% of revenue, grew by 6.6% at constant exchange rates and 2.4% in reported terms despite a 2.0% decline in the overall market[72] Cash and Investments - Cash and cash equivalents increased for the fifth consecutive year, reaching $59.3 million, up from $54.1 million in 2022, reflecting a growth of approximately 4.0%[11] - As of December 31, 2023, the company reported cash and bank balances of SGD 60.0 million[70] - The company maintained a strong balance sheet with cash and bank balances of 60.0 million SGD as of December 31, 2023[75] - The company plans to invest $30 million in sustainable practices over the next three years to improve operational efficiency[58] Market Position and Growth - The company has maintained a continuous revenue growth rate of over 17% for five years[9] - The potential market for industrial automation in Asia is estimated to exceed $600 billion[9] - The company has increased its market share in the Chinese industrial automation sector despite global downturns in the semiconductor and electronics industries[13] - The company has over 10,000 enterprise customers across Asia and operates in 76 locations[9] - The company anticipates a gradual recovery in the Chinese automotive sector, with a projected growth of 20% to 30% in car exports in 2024 following a significant CAGR of over 70% from 2020 to 2023[32] - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2025[58] Sustainable Practices - The company is committed to sustainable industrial growth through its clean industry solutions and clean energy product portfolio[5] - The company has invested in three small hydropower stations in Southeast Asia, demonstrating its commitment to sustainable industrial practices in the region[43] - The company has successfully commercialized three hydropower stations in 2023, generating an annual recurring net cash income of approximately 8 million SGD[19][20] - The company has received commercial operation approvals for three small hydropower stations in Indonesia, increasing total installed capacity to 24.6 MW, expected to generate approximately SGD 8 million in annual sustainable income over the next 20 to 25 years[30] - The gross profit margin for renewable energy surged to 91.7% in fiscal year 2023 following the commercialization of three hydroelectric plants[84] Corporate Governance - The company has adhered to the corporate governance principles set forth in the 2018 Code and the Hong Kong Corporate Governance Code during the fiscal year 2023[130] - The board of directors is responsible for preparing the financial statements of the company and the group, ensuring no significant doubts about the group's ability to continue as a going concern[133] - The company emphasizes the importance of training and workshops for all directors to enhance their understanding of the business and strategic direction[135] - The board has established a code of conduct and ethical standards to ensure accountability within the company[133] - The company has implemented guidelines to ensure that significant financing, investment, and acquisition matters require board approval[152] Board Composition and Diversity - The company plans to appoint at least one female director to the board at the upcoming annual general meeting to enhance gender diversity[173] - The board has established a nomination committee that has held two meetings in the fiscal year 2023 to review the board's structure and assess the independence of non-executive directors[177] - The company has a diversity policy in place to ensure a balance of skills, experience, and perspectives among board members[172] - The board includes six directors, with independent non-executive directors holding key positions in various committees, ensuring governance and oversight[162] Strategic Initiatives - The company has enhanced its expertise in industrial cloud, AI, and software, delivering integrated "full-stack" solutions that have received high recognition from customers[34] - New product launches included two innovative technology solutions expected to generate an additional $50 million in revenue[58] - A strategic acquisition of a competitor was completed for $100 million, enhancing the company's product offerings and market reach[58] Employee and Operational Metrics - As of December 31, 2023, the group employed a total of 1,149 employees, up from 1,124 in 2022[121] - Customer satisfaction ratings improved to 90%, reflecting the effectiveness of recent service enhancements[58] - The company aims to reduce operational costs by 15% through process optimization initiatives[58] Financial Management - Research and development expenses increased by 10%, totaling $20 million, to support new technology initiatives[58] - Distribution costs decreased by approximately SGD 2.4 million or 8.3% to SGD 26.3 million, mainly due to reduced employee commissions and related costs[86] - Administrative expenses increased by approximately SGD 1.3 million or 3.2% to SGD 40.4 million, primarily due to increased employee costs from a newly merged subsidiary[87] - Financing costs increased by approximately SGD 0.9 million due to increased bank borrowings and rising interest rates[91] Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% and aiming to reach $625 million[58] - The company expresses cautious optimism regarding a rapid industry recovery, reaffirming its commitment to delivering higher value to stakeholders[33]

Dividend Information - The proposed final dividend for the year ending December 31, 2023, is 0.28 Singapore cents per ordinary share, compared to 0.80 Singapore cents for the year ending December 31, 2022, representing a decrease of 65%[2]. - The company declared a final dividend of 0.80 SGD per ordinary share, which was paid to shareholders on August 24, 2023[79]. - The company reported cash dividends of 1,667 thousand SGD and scrip dividends of 1,881 thousand SGD for the six months ending December 31, 2023, totaling 3,548 thousand SGD[80]. - The company issued 4,531,676 new ordinary shares under its scrip dividend scheme at a price of 0.415 SGD for Singapore shareholders and 2.403 HKD for Hong Kong shareholders[116]. Financial Performance - The total comprehensive income for the year ending December 31, 2023, is reported at 12,406 thousand Singapore dollars, a significant increase from the previous year's total comprehensive loss of 31 thousand Singapore dollars[9]. - The company reported a net profit of 12,437 thousand Singapore dollars for the year, compared to a loss in the previous year, indicating a strong recovery in performance[9]. - The company reported a net profit before tax of 18,873 thousand SGD for the twelve months ended December 31, 2023, compared to 32,027 thousand SGD in 2022, representing a decrease of approximately 41.5%[50]. - The net profit after tax attributable to non-controlling interests for the first half of 2023 was 9,061 thousand SGD, down 43.8% from 16,133 thousand SGD in the same period of 2022[98]. - The net profit after tax attributable to non-controlling interests for the second half of 2023 was 2,111 thousand SGD, a significant drop of 69.6% from 6,946 thousand SGD in the previous year[98]. Revenue and Sales - The total revenue from contracts with customers reached 172,612 thousand SGD for the six months ending December 31, 2023[32]. - The company recorded total revenue of 341,766 thousand SGD for the year ended December 31, 2023, compared to 370,779 thousand SGD in 2022, reflecting a decrease of approximately 7.8%[61]. - Total revenue from contracts with customers reached 341,766 thousand SGD for the twelve months ending February 3, 2023, compared to 370,779 thousand SGD for the previous year, reflecting a decrease of approximately 7.8%[66]. - Revenue from the China region amounted to 249,136 thousand SGD for the twelve months ending February 3, 2023, compared to 243,202 thousand SGD for the previous year, indicating a growth of about 2.0%[66]. - The Singapore segment generated revenue of 32,335 thousand SGD for the twelve months ending February 3, 2023, down from 58,632 thousand SGD in the previous year, representing a decline of approximately 44.8%[66]. Assets and Liabilities - The total assets as of December 31, 2023, amount to 400,439 thousand Singapore dollars, showing a slight increase from 400,370 thousand Singapore dollars as of December 31, 2022[15]. - The total equity attributable to the owners of the company is 198,622 thousand Singapore dollars, a decrease from 197,829 thousand Singapore dollars in the previous year[16]. - The total liabilities increased to 159,774 thousand SGD as of December 31, 2023, compared to 157,770 thousand SGD in 2022, marking an increase of about 1.3%[61]. - The non-current liabilities have increased significantly to 61,628 thousand Singapore dollars from 15,602 thousand Singapore dollars in the previous year, indicating a rise in long-term financial obligations[15]. - The current liabilities decreased to 98,146 thousand Singapore dollars from 142,168 thousand Singapore dollars, reflecting improved short-term financial management[15]. Cash Flow and Expenses - Operating cash flow before changes in working capital was 32,812 thousand SGD for the twelve months ended December 31, 2023, down from 44,808 thousand SGD in 2022, indicating a decline of about 26.8%[50]. - Financing costs increased by 26% year-on-year to 4.4 million SGD due to higher bank borrowings and interest rates[153]. - Operating expenses were slightly reduced by 1 million SGD during the fiscal year 2023, reflecting the company's confidence in capability-building investments despite market softness[152]. - Administrative expenses increased by approximately SGD 1.3 million or 3.2% to SGD 40.4 million, primarily due to higher employee costs and office expenses[164]. Market and Strategic Outlook - The company plans to continue its market expansion and product development strategies to enhance future growth prospects[10]. - The group remains cautiously optimistic about economic recovery, noting that the manufacturing PMI in China crossed the 50-point threshold in December 2023 and January 2024[131]. - The company plans to leverage the current economic softness to improve future market access and share acquisition capabilities[131]. - The semiconductor industry is expected to see a cyclical recovery in 2024, which may lead to a broader recovery in the electronics sector, according to SEMI[157]. Segment Performance - The revenue from the industrial computing solutions segment in China was 124,144 thousand SGD for the six months ending December 31, 2023[32]. - The company’s revenue from the engineering solutions segment was 260,159 thousand SGD for the year ended December 31, 2023, compared to 278,462 thousand SGD in 2022, indicating a decline of approximately 6.5%[61]. - The industrial automation business in China, which accounts for 73% of revenue, grew by 6.6% year-on-year at constant exchange rates, despite a 2.0% decline in the overall market size[124]. - Renewable energy revenue increased significantly to 5.6 million SGD from 1.6 million SGD, with operational revenue from three hydropower stations recognized at 3.1 million SGD for the fiscal year 2023[188]. Other Financial Metrics - The basic earnings per share for the fiscal year 2023 were 0.80 SGD, down from 1.45 SGD in 2022[107]. - The company’s impairment provisions for trade and other receivables were 1,748 thousand SGD for the twelve months ended December 31, 2023, compared to 127 thousand SGD in 2022, showing a substantial rise[50]. - The gross profit margin decreased by 1.9 percentage points in fiscal year 2023, attributed to the cyclical downturn in high-margin sectors like semiconductors and electronics[125]. - The gross profit for the second half of 2023 decreased by SGD 5.0 million or 9.7%, and for the fiscal year 2023, it decreased by SGD 14.8 million or 13.9%[161].

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 ...