Financial Performance - For the six months ending April 30, 2025, the group's revenue increased by 35.43% to approximately SGD 117.63 million from about SGD 86.86 million in the previous period[9]. - The group's gross profit rose to approximately SGD 6.99 million, a significant increase of about 117.24% compared to approximately SGD 3.22 million in the previous period, resulting in a gross margin of 5.94%[9]. - The group recorded a net profit after tax of approximately SGD 31.34 million during the interim period[14]. - Revenue for the six months ended April 30, 2025, was SGD 117,632,000, representing a 35.4% increase from SGD 86,859,000 in the same period of 2024[40]. - Gross profit for the same period was SGD 6,986,000, up from SGD 3,216,000, indicating a significant improvement in profitability[40]. - Net profit for the period was SGD 31,342,000, compared to SGD 644,000 in the previous year, reflecting a substantial growth[40]. - Basic and diluted earnings per share for the company owners were both SGD 1.96, a significant increase from SGD 0.04[40]. Project and Order Backlog - The total value of new projects awarded to the group in the fiscal year 2025 reached SGD 481.81 million, with a strong order backlog valued at SGD 1,071 million as of April 30, 2025[5]. - The group completed three major projects during the interim period, including the Pilot Mechanical Biological Treatment Plant, which received its Temporary Occupation Permit on January 27, 2025[6]. - The group is expected to successfully complete three major projects by the end of the fourth quarter of 2025, including the Loyang North Substation and the 27IBP commercial office building[7]. - The group anticipates significant growth opportunities in the pharmaceutical construction sector, bolstered by the successful delivery of major projects such as XDC and STA, enhancing its credentials in this high-value area[27]. - The group expects to benefit from strong demand driven by several large-scale development projects, including the expansion of Changi Airport Terminal 5 and Marina Bay Sands[25]. Financial Position and Ratios - The current ratio as of April 30, 2025, was 1.63, compared to 1.66 on October 31, 2024, indicating stable liquidity[17]. - As of April 30, 2025, the group's debt-to-equity ratio was 12.32% and 20.91% on October 31, 2024, primarily due to gradual loan repayments for the redevelopment project at 7 Kung Chong Road, Singapore[18]. - Total assets as of April 30, 2025, amounted to SGD 220,335,000, compared to SGD 158,402,000 in the previous year, showing a growth of 39.1%[42]. - Total liabilities increased to SGD 100,021,000 from SGD 82,589,000, representing a 21.1% rise[43]. - The company's equity attributable to owners was SGD 107,203,000, up from SGD 75,813,000, indicating a 41.2% increase[43]. Cash Flow and Expenses - The total employee cost during the interim period was approximately SGD 14.1 million, compared to SGD 15.1 million in the previous period[24]. - Administrative expenses increased by approximately SGD 869,000, primarily due to depreciation of acquired assets[12]. - The company reported a significant other income of SGD 27,351,000, compared to no income in the previous year, indicating successful new strategies[40]. - For the six months ended April 30, 2025, the net cash generated from operating activities was SGD 9,651,000, compared to a net cash used of SGD 1,027,000 in the same period last year[46]. - The net cash used in investing activities amounted to SGD 3,879,000, compared to SGD 3,120,000 in the previous year, indicating increased investment outflows[47]. - Financing activities resulted in a net cash outflow of SGD 667,000, consistent with the previous year, highlighting stable financing operations[47]. Market and Industry Conditions - The total nominal value of construction demand in Singapore for 2025 is projected to be between SGD 47 billion and SGD 53 billion, with real demand expected to grow by 0.3% to 11.7% compared to pre-pandemic levels[25]. - The group faces pressure on profit margins due to rising material costs, increased labor expenses, and intensified industry competition[29]. - The group adopted a more cautious approach in bidding and pricing strategies due to current market challenges and intense price competition[5]. Corporate Governance and Compliance - The company is committed to good corporate governance to fulfill its responsibilities to shareholders and enhance shareholder value[33]. - The chairman and CEO roles are currently held by the same individual, which the board believes is beneficial for the group's overall interests[34]. - The audit committee consists of three independent non-executive directors, ensuring effective oversight of financial reporting[35]. - The interim financial information has been reviewed by the company's auditor in accordance with international standards[36]. - The company has not purchased, sold, or redeemed any of its listed securities during the interim period[37]. Employee and Operational Insights - As of April 30, 2025, the group had 788 employees, including foreign workers, with performance-based bonuses available for local employees[24]. - The company has utilized the purchased land as collateral to secure bank loans for its projects[20]. - The company has completed all vehicle lease agreements within the year, focusing on short-term leases for office properties[90]. Financial Instruments and Investments - The fair value of marketable securities investments is determined based on active market prices, reflecting the company's investment strategy[84]. - The fair value of quoted equity investments is SGD 956,000 as of April 30, 2025, slightly down from SGD 975,000 as of October 31, 2024, reflecting a decrease of 1.9%[107]. - The company has not disclosed any significant related party transactions beyond what is mentioned in the financial statements[102].

智通财经APP获悉，截止6月12日收盘，有159只股票创52周新高，其中HPC HOLDINGS(01742)、中国 生态旅游(01371)、云锋金融(00376)创高率位于前3位，分别为51.28%、43.10%、35.00%。 | Ａ工银中金美(03011) | 9,323.900 | 9,324 | 0.02% | | --- | --- | --- | --- | | Ａ博时美元－Ｕ(09196) | 1,101.350 | 1,101 | 0.01% | | Ａ中金港元(03071) | 1,122.750 | 1,123 | 0.00% | 52周新低排行 | 股票名称 | 收盘价 | 最低价 | | 创低率 | | --- | --- | --- | --- | --- | | 百德国际(02668) | 0.062 | 0.056 | -22.22% | | | 智中国际(06063) | 0.170 | 0.120 | -14.89% | | | 从玉智农(00875) | 0.300 | 0.295 | -9.23% | | | 中国绿地博大绿泽 | 0.013 | 0.012 | -7. ...

Economic Outlook - Singapore's GDP is projected to grow by approximately 4% in 2024, compared to 1.1% growth in 2023, with the construction sector leading at 4.8% growth[8]. - The annual construction demand in Singapore is projected to range from SGD 31 billion to SGD 38 billion from 2025 to 2028, with the public sector contributing SGD 19 billion to SGD 23 billion annually during this period[45]. Company Performance - The group’s revenue for the fiscal year decreased by approximately 41.3% to about SGD 169.8 million from approximately SGD 289.2 million in the previous period[29]. - The gross profit dropped significantly from approximately SGD 13 million to a gross loss of about SGD 5 million, representing a decline of approximately 138.6%[29]. - The group recorded a net loss after tax of approximately SGD 8.48 million, a decline of about 370% compared to a net profit of approximately SGD 3.10 million in the previous period[33]. - The company achieved a significant milestone with a total contract value of SGD 461.51 million in 2024, enhancing its reputation and opening new development opportunities, particularly in the pharmaceutical and large food sectors[45]. Project Management - In the fiscal year ending October 31, 2024, HPC Holdings Limited successfully secured six new projects, with a total contract value of SGD 461.51 million[25]. - The company faced increased competition and missed two major projects, impacting management efficiency and overall performance for the year[8]. - The company has emphasized flexibility and agility in securing projects amid fierce competition[25]. - The total number of new projects awarded in 2024 reflects the company's ability to adapt to market demands and external economic factors[25]. Market Challenges - The construction market in Singapore remains highly competitive, with significant challenges including rising prices of construction materials and subcontractor services[24]. - The company adopted a more cautious bidding process and pricing strategy in response to the current market challenges, focusing on sustainable and competitive bids[24]. - The increase in project bidding prices indicates a trend of rising construction costs throughout the fiscal year[24]. Financial Health - As of October 31, 2024, the group had a current ratio of 1.66, down from 1.89 a year earlier, indicating a decrease in liquidity[36]. - The group’s debt-to-equity ratio improved to 19.55% from 21.10% due to loan repayments during the fiscal year[37]. - Employee costs totaled approximately SGD 30 million for the fiscal year, down from SGD 32 million in the previous year[44]. Corporate Governance - The company has complied with the corporate governance code and has implemented good corporate governance elements in its management structure and internal controls[51]. - The audit committee reviewed the financial performance for the fiscal year, ensuring that the financial statements were prepared in accordance with applicable standards and regulations[54]. - The company has adopted the standard code for directors' securities trading as per the listing rules, confirming compliance by all directors for the fiscal year[62]. - The board consists of five directors, with independent non-executive directors making up 60% of the board, ensuring a balanced and independent judgment[68]. Shareholder Information - The company did not recommend the payment of a final dividend for the fiscal year, with no arrangements for shareholders to waive or agree to waive any dividends[132]. - The board will consider various factors, including the group's financial performance and capital needs, when deciding on future dividend payments[125][126]. - The company has maintained the minimum public float required by the listing rules as of the report date[173]. Sustainability and Compliance - The company is committed to zero occupational health and safety incidents and aims to ensure that construction waste does not exceed 4% for each project[180]. - HPC emphasizes the importance of anti-money laundering (AML) compliance with international and domestic laws, implementing appropriate policies and internal controls[187]. - The report is prepared in accordance with the Hong Kong Stock Exchange's ESG reporting guidelines and the Global Reporting Initiative (GRI) standards[197]. - The company has established a whistleblowing mechanism to encourage employees to report misconduct or fraud, emphasizing the importance of anti-corruption training for fostering a healthy corporate culture[111].

Financial Performance - For the fiscal year ending October 31, 2024, HPC Holdings Limited reported a revenue decline of approximately 41.3%, from about SGD 289.2 million in the previous period to approximately SGD 169.8 million[8]. - The group recorded a gross loss of approximately SGD 5 million, a significant drop of about 138.6% compared to a gross profit of approximately SGD 13 million in the previous period, resulting in a gross margin decrease from approximately 4.49% to negative 2.95%[8]. - The company reported a net loss after tax of approximately SGD 8.48 million, a significant decline compared to a net profit of approximately SGD 3.10 million in the previous period, representing a drop of about 3.7 times[12]. - The pre-tax loss for the fiscal year was SGD 9.500 million, compared to a pre-tax profit of SGD 4.156 million in the previous year[40]. - The net loss attributable to owners of the company was SGD 8.485 million, compared to a profit of SGD 3.398 million in the previous year[40]. - The loss per share for the fiscal year was SGD 0.53, a decline from earnings per share of SGD 0.21 in the previous year[40]. Revenue Breakdown - For the fiscal year ending October 31, 2024, the total revenue from external customers for the General Construction segment was SGD 157,845, and for the Civil Engineering segment was SGD 11,927, totaling SGD 169,772, representing a decline of 41.2% compared to SGD 289,235 in 2023[56]. - The revenue from the public sector was SGD 56,156 in 2024, down from SGD 80,403 in 2023, a decrease of approximately 30%[65]. - The revenue from the private sector also declined from SGD 208,832 in 2023 to SGD 113,616 in 2024, a drop of about 45.5%[65]. Project and Contract Activity - The total contract value for new projects awarded in 2024 amounted to SGD 461.51 million, indicating the company's ability to adapt to a competitive environment despite challenges[6]. - The group successfully secured six new projects in 2024, including a five-story building for the Singapore Management Development Institute and a nine-story food factory development project[4]. - The group is managing ten ongoing projects, including the six newly awarded projects, indicating continued operational activity despite the challenging market[6]. - The group achieved a significant milestone with a total contract value of SGD 461.51 million in the fiscal year 2024, reflecting substantial accomplishments and new development opportunities[22]. Expenses and Cost Management - Administrative expenses increased to approximately SGD 7.97 million, up about SGD 513,000 from SGD 7.45 million in the previous period, primarily due to increased office management and marketing costs[10]. - The total employee cost for the fiscal year was approximately SGD 30 million, down from SGD 32 million in the previous year[21]. - The company incurred employee compensation expenses of SGD 30,268,000 in 2024, down from SGD 32,369,000 in 2023[70]. - The company reported a loss provision for contracts of SGD 667,000 in 2024, compared to a reversal of SGD 2,582,000 in 2023[70]. Financial Position and Ratios - As of October 31, 2024, the group's current ratio was 1.89, compared to 1.66 on October 31, 2023[15]. - The group's debt-to-equity ratio increased from 19.55% on October 31, 2023, to 21.10% on October 31, 2024, primarily due to loan repayments related to the 7 Kung Chong Road project[16]. - Total assets decreased from SGD 180,019 thousand in 2023 to SGD 158,402 thousand in 2024, a decline of approximately 12%[41]. - Total equity decreased from SGD 87,950 thousand in 2023 to SGD 75,813 thousand in 2024, representing a decline of around 14%[44]. Governance and Compliance - The company is committed to good corporate governance and has adopted the corporate governance code as per the listing rules[30]. - The audit committee has reviewed the accounting principles and practices adopted by the group and discussed internal control procedures and financial reporting matters[33]. - The company has not engaged in any purchase, sale, or redemption of its listed securities during the fiscal year[35]. - The company has not held any treasury shares as of October 31, 2024[36]. Cash Flow and Liquidity - The group anticipates no liquidity issues due to effective cost management and a solid track record in capital structure adjustments, including the introduction of low-risk financing[14]. - Current liabilities decreased from SGD 74,877 thousand in 2023 to SGD 67,899 thousand in 2024, a reduction of about 9%[42]. - Non-current liabilities decreased from SGD 17,628 thousand in 2023 to SGD 14,690 thousand in 2024, a decrease of approximately 17%[42]. - Cash and cash equivalents decreased from SGD 45,278 thousand in 2023 to SGD 43,711 thousand in 2024, a reduction of about 3.5%[41]. Trade Receivables and Payables - Trade receivables decreased from SGD 40,525 thousand in 2023 to SGD 27,540 thousand in 2024, a decline of approximately 32%[41]. - The overdue but not impaired trade receivables as of October 31, 2024, amounted to SGD 11,068,000, a decrease of 56.5% from SGD 25,426,000 in 2023[83]. - The total carrying amount of trade payables and warranty payables decreased to SGD 44,060,000 in 2024 from SGD 54,048,000 in 2023, a reduction of 18.5%[87]. - The total carrying amount of trade payables as of October 31, 2024, was SGD 15,514,000, down from SGD 19,578,000 in 2023, a decrease of 20.9%[90].

Financial Performance - The group's revenue for the six months ended April 30, 2024, decreased by 48.21%, from approximately SGD 167.73 million to approximately SGD 86.86 million[27]. - Other income for the group was approximately SGD 1.46 million, a decrease of about SGD 580,000 compared to the previous period[28]. - The group's gross profit decreased from approximately SGD 3.90 million for the six months ended April 30, 2023, to SGD 3.22 million for the six months ended April 30, 2024, representing a decline of approximately 17.44%[64]. - The net profit after tax for the interim period was approximately SGD 644,000, a decrease of about 66.74% compared to approximately SGD 1.94 million in the previous period[66]. - For the six months ended April 30, 2024, the company reported revenue of SGD 86.859 million, a decrease from SGD 167.725 million in the same period of 2023, representing a decline of approximately 48.3%[122]. - Gross profit for the same period was SGD 3.216 million, down from SGD 3.898 million, indicating a decrease of about 17.5%[122]. - The company recorded a net profit of SGD 644,000, a significant drop from SGD 1.937 million in the previous year, reflecting a decline of approximately 66.8%[122]. - Basic and diluted earnings per share were both SGD 0.04, compared to SGD 0.13 in the prior year, marking a decrease of about 69.2%[122]. Order Book and Projects - The group maintained a robust order book value of approximately SGD 312 million as of April 30, 2024, despite a competitive bidding environment[25]. - The group successfully secured a new project from the Management Development Institute of Singapore (MDIS) with a contract value of SGD 39.393 million[25]. - The group has eight ongoing projects, including the Global Indian International School, which is set to be delivered in Q2 2024, and the Pilot Mechanical Biological Treatment Plant, expected to be completed in Q3 2024[62]. - As of April 30, 2024, the group had a solid order book value of SGD 312 million, providing more time to select better projects for sustainable growth[53]. Cost and Expenses - The group's tax expense for the interim period was approximately SGD 711,000, with the effective rate exceeding the statutory rate due to tax impacts from prior year loss-making contracts[41]. - The group is facing increased prices for construction materials and subcontractors due to global inflation and geopolitical tensions[37]. - The group is facing challenges with declining gross margins due to high construction material prices and labor costs, as well as intense competition from other contractors[53]. - Total employee costs for the six months ended April 30, 2024, amounted to approximately SGD 15.1 million, compared to SGD 13.9 million in 2023[76]. - The company reported other operating income of SGD 1.459 million, down from SGD 2.151 million, reflecting a decrease of approximately 32.2%[122]. Financial Position - The group's current ratio as of April 30, 2024, was 2.15, compared to 1.89 as of October 31, 2023[68]. - The debt-to-equity ratio as of April 30, 2024, was 20.91%, a slight decrease from 21.10% as of October 31, 2023, primarily due to loan repayments[69]. - The company's total assets as of April 30, 2024, amounted to SGD 158.171 million, down from SGD 180.019 million, a reduction of approximately 12.1%[142]. - The company's total liabilities as of April 30, 2024, amounted to HKD 73.2 million, a decrease from HKD 92.5 million[101]. - The company reported a decrease in total equity to SGD 84,942 thousand as of April 30, 2024, from SGD 87,950 thousand as of October 31, 2023[166]. Strategic Initiatives - The group has introduced low-risk loan financing into its capital structure to optimize capital costs amid a declining interest rate environment[42]. - The group has adopted a prudent bidding pricing strategy in response to intense price competition in the current market[25]. - The group has entered into an agreement to acquire 70% of Apollo Aquarium for a total consideration of up to SGD 3.5 million[74]. - The company has adopted a share option scheme, allowing the issuance of up to 160 million shares, which is 10% of the shares listed on the Hong Kong Stock Exchange as of May 11, 2018[53]. Governance and Management - The company’s independent non-executive directors are expected to attend the annual general meeting to gather shareholder opinions[83]. - The company’s chairman and CEO roles are currently held by the same individual, which the board believes is in the best interest of the company and shareholders[84]. - The company’s audit committee reviewed the unaudited interim condensed consolidated financial statements for the interim period[85]. Cash Flow and Investments - For the six months ended April 30, 2024, the company reported a net cash outflow from operating activities of SGD (1,027) thousand, compared to a net inflow of SGD 6,224 thousand for the same period in 2023[150]. - The company incurred a cash outflow of SGD 3,216 thousand for equity acquisitions during the reporting period[150]. - The company’s cash flow from investing activities showed a net outflow of SGD 3,120 thousand for the six months ended April 30, 2024[150]. - The company’s financing activities resulted in a net cash outflow of SGD 715 thousand for the reporting period[150]. Market Outlook - The Singapore Construction Authority forecasts sector demand between SGD 32 billion and SGD 38 billion for 2024, with private sector demand expected to be between SGD 14 billion and SGD 17 billion[77].

Financial Performance - The group's revenue for the six months ended April 30, 2024, decreased by 48.21% to approximately SGD 86.86 million from about SGD 167.73 million for the same period in 2023[4]. - The group recorded a net profit after tax of approximately SGD 644,000, a decline of about 66.74% compared to approximately SGD 1.94 million in the previous period[24]. - Revenue for the six months ended April 30, 2024, was SGD 86,859,000, a decrease of 48.3% compared to SGD 167,725,000 for the same period in 2023[48]. - Gross profit for the same period was SGD 3,216,000, down 17.5% from SGD 3,898,000 year-over-year[48]. - Net profit for the period was SGD 644,000, a significant decline of 66.8% from SGD 1,937,000 in the previous year[48]. - Basic and diluted earnings per share for the current period were SGD 0.04, compared to SGD 0.13 in the same period last year, reflecting a 69.2% decrease[48]. - The group reported construction contract revenue of SGD 86,859 thousand for the six months ended April 30, 2024, compared to SGD 167,725 thousand for the same period in 2023, representing a decrease of approximately 48.3%[160][162]. - The public sector revenue for the six months ended April 30, 2024, was SGD 31,280 thousand, down from SGD 37,254 thousand in 2023, indicating a decline of about 16.4%[162]. - The private sector revenue decreased significantly from SGD 130,471 thousand in 2023 to SGD 55,579 thousand in 2024, reflecting a drop of approximately 57.4%[162]. - The profit before tax for the six months ended April 30, 2024, was SGD 1,355 thousand, significantly lower than SGD 2,374 thousand for the same period in 2023, marking a decline of approximately 43%[183]. Cost and Expenses - The gross profit decreased from approximately SGD 3.90 million to SGD 3.22 million, a decline of about 17.44%, while the gross profit margin increased to 3.7% from 2.32% in the previous period[20]. - Other income for the group was approximately SGD 1.46 million, a decrease of about SGD 580,000 compared to the previous period[21]. - The company reported a total tax expense of SGD 711 thousand for the six months ended April 30, 2024, compared to SGD 437 thousand for the same period in 2023, indicating an increase of about 63%[192]. - The company recognized a provision of SGD 3,489,000 for unavoidable costs related to fixed-price construction contracts during the period, an increase from SGD 2,582,000 as of October 31, 2023[110]. - The company recorded a loss provision for contracts amounting to SGD 3,489,000, a significant increase from a provision of SGD 445,000 in the same period of 2023[129]. - The interest expenses increased to SGD 376,000 for the six months ended April 30, 2024, compared to SGD 262,000 in the same period of 2023[129]. Assets and Liabilities - Total assets as of April 30, 2024, amounted to SGD 158,171 thousand, a decrease from SGD 180,019 thousand as of October 31, 2023, representing a decline of approximately 12.1%[86]. - Trade receivables decreased to SGD 25,364 thousand from SGD 40,525 thousand, reflecting a reduction of about 37.4%[86]. - Total liabilities decreased to SGD 73,229 thousand from SGD 92,505 thousand, indicating a reduction of approximately 20.9%[88]. - Total equity as of April 30, 2024, was SGD 84,942 thousand, down from SGD 87,514 thousand, a decrease of about 3.6%[89]. - The total segment assets as of April 30, 2024, were SGD 69,034 thousand, compared to SGD 116,075 thousand as of October 31, 2023, indicating a reduction of approximately 41%[184]. - The total segment liabilities as of April 30, 2024, were SGD 50,453 thousand, down from SGD 65,425 thousand as of October 31, 2023, showing a decrease of around 23%[185]. Operational Highlights - The group maintained a healthy order book value of approximately SGD 312 million as of April 30, 2024, despite intense competition in the bidding process[17]. - The group has eight ongoing projects, with significant deliveries expected in 2024, including the Global Indian International School in Q2 and the Pilot Mechanical Biological Treatment Plant in Q3[2]. - The group is set to complete the Global Indian International School in Q2 2024 and the Pilot Mechanical Biological Treatment Plant in Q3 2024, enhancing its reputation in institutional projects[36]. - The group has successfully completed the construction of the North London Collegiate School, contributing positively to its track record in the international school market[36]. - The group aims to secure more bidding opportunities in the international school construction sector, supported by the Singapore government's initiatives[36]. Strategic Initiatives - The group plans to introduce low-risk loan financing to optimize capital costs due to the current economic environment of declining interest rates[25]. - The group plans to optimize land use and introduce location advantages in upcoming "on-demand construction" projects in collaboration with developers[36]. - The company plans to focus on market expansion and new product development to drive future growth[187]. - The company is collaborating with major logistics firms to develop new cold storage facilities due to high demand[60]. Governance and Shareholder Matters - The group has adopted good corporate governance practices to fulfill its responsibilities to shareholders and enhance shareholder value[39]. - The group has not declared any interim dividends for the six months ended April 30, 2024[7]. - The group has not granted or exercised any share options as of April 30, 2024[38]. - The company did not declare any dividends for the periods ended April 30, 2024, and April 30, 2023[196].

Financial Performance - The company reported significant improvements in financial metrics due to successful completion of landmark projects and enhanced production efficiency[7]. - The company’s revenue for the fiscal year increased by approximately 42.54%, rising from about SGD 202.90 million to approximately SGD 289.20 million[27]. - Gross profit rose from approximately SGD 12.09 million to SGD 13.00 million, an increase of about 7.40%, although the gross profit margin decreased from approximately 5.96% to 4.49%[27]. - The company recorded a net profit after tax of approximately SGD 3.10 million, representing a turnaround from a loss of SGD 424,000, equivalent to an increase of about 800%[31]. - The current ratio as of October 31, 2023, was 1.89, compared to 2.0 on October 31, 2022, indicating a slight decrease in liquidity[34]. - The debt-to-equity ratio decreased from 23.20% to 21.10% due to loan repayments related to the 7 Kung Chong Road project[35]. - Revenue from the top five customers for the fiscal year ending October 31, 2023, was approximately SGD 251.4 million, accounting for 86.9% of total revenue[131]. - The largest customer contributed approximately SGD 136.4 million, representing 47.2% of total revenue for the same period[131]. Business Strategy and Growth - The company plans to pursue quality growth rather than just simple growth targets in the upcoming year[8]. - The company aims to expand its business into the real estate development market while upgrading its supply chain[8]. - The company expressed confidence in achieving stable growth in the new year based on the foundation laid in the previous year[8]. - The local construction market is expected to benefit from a slowdown in inflation trends in capital and consumer markets[8]. - The total construction demand for 2024 is projected to be between SGD 32 billion and SGD 38 billion, with the public sector contributing about 55%[42]. - The company has successfully completed two international school projects, positioning itself favorably for future tenders in the international school construction market[42]. - The group has a robust order book valued at SGD 261.50 million as of December 31, 2023, allowing for better project selection for sustainable growth[43]. Operational Efficiency - The company has implemented a series of optimization reforms that have released potential production capacity[7]. - The company acknowledges the challenges posed by rising labor costs due to new government measures aimed at improving productivity in the construction industry[8]. - The company has seven ongoing projects, with expected completions in 2024, including the global Indian International School and the Pilot Mechanical Biological Treatment Plant[24]. - The company delivered the Silicon Box semiconductor wafer fabrication project and obtained temporary occupation permits in July and August 2023[24]. - The completion of the Silicon Box semiconductor wafer plant project is expected to enhance the company's reputation and open further opportunities in the semiconductor sector[42]. Corporate Governance - The company is committed to good corporate governance to fulfill its responsibilities to shareholders and enhance shareholder value[57]. - The roles of chairman and CEO are currently held by the same individual, which the board believes is in the best interest of the company and shareholders[58]. - The board of directors confirmed compliance with the standard code for securities trading throughout the fiscal year[59]. - The board consists of five members, with independent non-executive directors making up 60% of the board[63]. - The board held a total of 5 meetings during the fiscal year, including the approval of the interim results announcement[67]. - The company adopted a board diversity policy to ensure a balanced mix of skills and experiences among board members[70]. - The company has established a policy for board diversity, which includes measurable objectives and progress updates disclosed annually[86]. Compliance and Risk Management - The company has established compliance procedures to adhere to relevant laws and regulations in Singapore, the Cayman Islands, and Hong Kong[128]. - The board is responsible for evaluating and determining the nature and extent of risks the company is willing to undertake to achieve strategic goals, and has established risk management policies to identify, assess, and manage key business risks[95]. - The company has implemented internal control guidelines to ensure proper accounting records, operational efficiency, and compliance with applicable laws and regulations[96]. - A whistleblowing mechanism has been established to encourage employees to report misconduct or fraud, with anti-corruption training provided to all employees[97]. - The internal control effectiveness review conducted by Virtus Assure Pte Ltd found no significant concerns affecting the company's financial, operational, compliance, control, and risk management areas[97]. Environmental and Social Responsibility - The company adheres to various environmental management systems, including ISO 14001, to promote sustainable practices in its operations[126]. - The company is committed to sustainable building practices, focusing on user safety and minimizing environmental impact during construction and operation[189]. - The company has implemented energy-saving measures, including the use of energy-efficient LED lights and appliances certified by the Singapore Green Label[200]. - The company aims to reduce energy, diesel, and water usage while preventing land, water, and air pollution[192]. - The company promotes waste reduction, reuse, and recycling activities to minimize waste generation[192]. - The group aims to achieve zero fines for air pollution, water discharge, land pollution, and noise pollution for each project in the 2023 fiscal year[170]. Shareholder Relations - The company did not recommend the payment of a final dividend for the fiscal year, with no arrangements for shareholders to waive any dividends[116]. - As of October 31, 2023, the company's distributable reserves amounted to SGD 69,777,000 in share premium and a cumulative loss of SGD 7,995,000[124]. - The company maintains a dividend policy aimed at balancing sufficient capital development and rewarding shareholders[109]. - The board will review the dividend policy periodically and may update it as deemed appropriate[110]. - Shareholders are not permitted to propose motions at the annual general meeting but can call a special general meeting to present proposals[103].

Financial Performance - For the fiscal year ending October 31, 2023, HPC Holdings Limited reported a revenue increase of approximately 42.54%, rising from about SGD 202.90 million to approximately SGD 289.20 million[8]. - The gross profit for the fiscal year increased from approximately SGD 12.09 million to SGD 13.00 million, reflecting a growth of about 7.40%, although the gross profit margin decreased from approximately 5.96% to 4.49%[8]. - The company achieved a net profit after tax of approximately SGD 3.10 million, marking a significant turnaround from a loss of SGD 424,000 in the previous period, representing an increase of about eight times[13]. - Total revenue for the fiscal year ended October 31, 2023, was SGD 289,235,000, an increase of 42.5% compared to SGD 202,915,000 in 2022[40]. - Gross profit for the same period was SGD 12,988,000, up from SGD 12,093,000, reflecting a gross margin improvement[40]. - Net profit for the year was SGD 3,102,000, a significant recovery from a net loss of SGD 424,000 in the previous year[40]. - Earnings per share (EPS) for the fiscal year was SGD 0.21, compared to a loss per share of SGD 0.01 in 2022[40]. - The company reported a profit before tax of SGD 4,156,000 for the fiscal year 2023, compared to a loss of SGD 2,530,000 in 2022[56]. Project and Contract Achievements - The company successfully secured four new projects in 2023, with a total contract value of SGD 229.04 million, including a SGD 101.74 million office building project awarded in July[4]. - The company successfully delivered the Silicon Box semiconductor wafer fabrication project and obtained temporary occupation permits in July and August 2023[6]. - The group is set to complete the Silicon Box semiconductor wafer plant in Q3 2023, with a contract value exceeding SGD 350 million[25]. - The group has successfully completed the construction of the North London Collegiate School and is expected to finish the Global Indian International School in Q1 2024[25]. Order Book and Future Projections - As of December 31, 2023, the company maintained a healthy order book valued at SGD 261.50 million[5]. - The total construction demand for 2024 is projected to be between SGD 32 billion and SGD 38 billion, with the public sector contributing about 55%[24]. - The construction demand in Singapore for 2023 reached SGD 33.8 billion, exceeding earlier forecasts of SGD 27 billion to SGD 32 billion[4]. Financial Position and Ratios - As of October 31, 2023, the current ratio of the group was 1.89, compared to 2.0 on October 31, 2022[16]. - The debt-to-equity ratio decreased to 21.10% as of October 31, 2023, from 23.20% a year earlier, primarily due to loan repayments related to the 7 Kung Chong Road project[17]. - Total assets as of October 31, 2023, were SGD 180,019,000, a slight increase from SGD 177,354,000 in 2022[42]. - Total liabilities decreased marginally to SGD 92,505,000 from SGD 92,942,000, indicating stable financial management[42]. - Retained earnings rose to SGD 42,420,000 from SGD 39,022,000, reflecting the company's profitability during the year[44]. - Cash and cash equivalents increased significantly to SGD 45,278,000 from SGD 23,949,000, enhancing liquidity[41]. Employee and Administrative Costs - Total employee costs for the fiscal year amounted to approximately SGD 32 million, up from SGD 29 million in the previous year[23]. - Administrative expenses increased to approximately SGD 7.45 million, up by about SGD 588,000 due to strong business growth leading to higher employee compensation and professional fees[11]. - The group has 1,007 employees as of October 31, 2023, including foreign workers[23]. Corporate Governance and Compliance - The company is committed to good corporate governance to fulfill its responsibilities to shareholders and enhance shareholder value[31]. - The chairman and CEO roles are currently held by the same individual, which the board believes is in the best interest of the company and shareholders[32]. - The company has adopted the corporate governance code and has complied with all mandatory disclosure requirements, except for specific provisions[31]. - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and internal controls[33]. - The audit committee has reviewed the financial statements for the fiscal year, ensuring compliance with applicable standards and sufficient disclosures[33]. Dividends and Share Options - The company did not declare any interim dividends for the fiscal year, nor did it recommend any final dividends[14]. - No share options were granted or exercised during the fiscal year[28]. - The company has adopted a share option scheme allowing for a maximum issuance of 160,000,000 shares, which is 10% of the shares listed on the Hong Kong Stock Exchange since May 11, 2018[27]. Risks and Challenges - The group is facing challenges with declining gross margins due to high building material prices, labor costs, and intense competition among contractors[26]. - The group has no significant foreign exchange risk as most revenues and expenses are denominated in Singapore dollars[18]. - The group anticipates no liquidity issues due to effective cost management and local regulations on construction project settlements[15]. Trade Receivables and Payables - The company reported a decrease in trade receivables to SGD 40,525,000 from SGD 45,163,000, indicating improved cash flow management[41]. - Trade receivables amounted to SGD 59,950,000 in 2023, down from SGD 60,804,000 in 2022, with expected credit loss provisions increasing to SGD 19,425,000 from SGD 15,641,000[74]. - The aging analysis of trade receivables shows that overdue but not impaired receivables increased to SGD 25,426,000 in 2023 from SGD 14,097,000 in 2022[77]. - The total expected credit loss for trade receivables and contract assets was SGD 19,425,000 in 2023, reflecting a credit loss provision increase of SGD 3,784,000 from the previous year[78]. - The total trade payables and warranty payables decreased slightly to SGD 54,048,000 in 2023 from SGD 54,383,000 in 2022[80]. - The average credit period granted by contractors and suppliers is approximately 35 days, with trade payables of SGD 19,578,000 in 2023 compared to SGD 23,548,000 in 2022[83].

Financial Performance - For the six months ended April 30, 2023, the company's revenue surged approximately 120% to about SGD 167.73 million from approximately SGD 76.24 million in the previous period[10]. - The gross profit increased by approximately 41.79%, rising from about SGD 2.75 million to approximately SGD 3.90 million, although the gross margin decreased to 2.32% from 3.61%[10]. - The company recorded a net profit after tax of approximately SGD 1.94 million, a recovery of about 290% compared to a net loss of approximately SGD 1.02 million in the previous period[15]. - Revenue for the six months ended April 30, 2023, was SGD 167.725 million, a significant increase from SGD 76.245 million in the same period of 2022, representing a growth of 120%[56]. - Gross profit for the same period was SGD 3.898 million, up from SGD 2.749 million, indicating a year-over-year increase of 42%[56]. - The company reported a profit before tax of SGD 2.374 million compared to a loss of SGD 1.921 million in the previous year, marking a turnaround in performance[56]. - Basic and diluted earnings per share for the period were SGD 0.13, compared to a loss of SGD 0.06 per share in the same period last year[56]. Order Book and Projects - The total order book value remained robust at SGD 329.76 million as of April 30, 2023, despite competitive bidding conditions[6]. - The company successfully secured a new project, Tiong Nam Logistics (S) warehouse, with a contract value of SGD 36.50 million[6]. - The construction of the Silicon Box semiconductor wafer plant, with a contract value of SGD 314.60 million, is expected to be completed in Q3 2023[28]. - The construction of the Global Indian International School is anticipated to be completed in Q4 2023, enhancing the group's track record in the international school market[28]. - The group has a robust order book value of SGD 329.76 million as of April 30, 2023, allowing for better project selection for sustainable growth[31]. Market Outlook - The construction market in Singapore is expected to grow by 5.4% in 2023 compared to 2022, despite ongoing inflationary pressures[6]. - The construction industry in Singapore is projected to grow by 5.4% in 2023, driven by planned public housing projects[28]. - The demand for cold storage logistics warehouses is nearing full capacity, leading to rental increases exceeding those of 2022[29]. - The group remains cautiously optimistic about future performance, focusing on monitoring the overseas expansion of Chinese companies[31]. Financial Position - The current ratio as of April 30, 2023, was 1.9, compared to 2.0 as of October 31, 2022, indicating stable liquidity[18]. - The debt-to-equity ratio decreased to 19.18% as of April 30, 2023, from 23.17% as of October 31, 2022, due to gradual loan repayments[19]. - Total assets as of April 30, 2023, amounted to SGD 184.033 million, an increase from SGD 177.354 million as of October 31, 2022[57][58]. - The company’s total liabilities increased to SGD 97.684 million from SGD 92.942 million, reflecting a rise of 5%[58]. - The total liabilities reported were SGD 97,684,000, an increase of 5.9% from SGD 92,942,000 as of October 31, 2022[84]. Shareholder Information - As of April 30, 2023, the company has 1,600,000,000 shares issued[44]. - Mr. Wang Yingde holds 660,000,000 shares, representing 41.25% of the issued shares, while Mr. Shi Jianhua holds 540,000,000 shares, representing 33.75%[43]. - Tower Point Global Limited and Creative Value Investments Limited are the beneficial owners of the shares held by Mr. Wang and Mr. Shi, respectively[44]. - The total number of issued and paid-up ordinary shares remained at 10,000,000 as of April 30, 2023, with a share capital of SGD 100,000[152]. Expenses and Costs - Administrative expenses increased by approximately SGD 111,000 to about SGD 3.45 million for the six months ended April 30, 2023[13]. - The company’s administrative expenses for the six months were SGD 3.562 million, compared to SGD 3.451 million in the previous year, showing a slight increase of 3.2%[79]. - The depreciation expense for property, plant, and equipment was SGD 644,000, slightly down from SGD 655,000 in the previous year[91]. - The company reported a decrease in expenses related to short-term leases, which amounted to SGD 4,000 for the six months ended April 30, 2023, compared to SGD 114,000 for the same period in 2022[141]. Compliance and Governance - The interim financial statements have been reviewed and found to comply with International Accounting Standard 34[54]. - The company has complied with the proposed plans and uses of proceeds as stated in the prospectus[41]. - The company has not disclosed any other interests or positions held by directors or senior management in the company's shares as of April 30, 2023[48]. Cash Flow and Receivables - The net cash generated from operating activities for the six months was SGD 6.506 million, compared to a cash outflow of SGD 10.058 million in the previous year[61]. - Trade receivables increased to SGD 61.509 million from SGD 45.163 million, showing a growth of 36%[57]. - Cash and cash equivalents rose to SGD 29.135 million from SGD 23.949 million, indicating a growth of 21%[58]. - The overdue but not impaired trade receivables as of April 30, 2023, totaled SGD 33,925,000, significantly up from SGD 14,097,000 as of October 31, 2022[116]. Provisions and Liabilities - The provision for expected credit losses on trade receivables remained unchanged at SGD 15,641,000 for both April 30, 2023, and October 31, 2022[118]. - The provision for loss contracts increased to SGD 8,911,000 as of April 30, 2023, from SGD 8,466,000 as of October 31, 2022, with a new provision of SGD 445,000 recognized during the period[144]. - Non-current liabilities related to warranty obligations were valued at SGD 2,053,000, down from SGD 2,527,000, a decrease of 18.7%[133].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全 部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 HPC HOLDINGS LIMITED （在開曼群島註冊成立的有限公司） （股份代號：1742） 截 至 二 零 二 三 年 四 月 三 十 日 止 六 個 月 的 中 期 業 績 公 告 管理層討論及分析 HPC Holdings Limited（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附屬 公司（統稱「本集團」）截至二零二三年四月三十日止六個月（「中期期間」）的未經 審核綜合中期業績連同二零二二年相應期間（「過往期間」）的比較數字。 業務回顧 與二零二二年相比，二零二三年新加坡建築市場預期將更加穩定，且建築價格 波動較小。大部分建築材料及分包商報價更加平穩。然而，建築市場的項目投 標價格仍競爭激烈。根據新加坡建設局（「建設局」）的數據，二零二三年的建築 總需求預期較二零二二年增長5.4%，但全球通貨膨脹的加劇在很大程度上影 響了物價，且仍然保持在高位。 在上述不利因素的影響下，在目 ...