股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | | --- | | 2025年11月30日 | | 狀態: | | 新提交 | 致：香港交易及結算所有限公司 公司名稱: HPC Holdings Limited 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01742 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | ...

Summary of Key Points Core Viewpoint - As of November 7, a total of 73 stocks reached their 52-week highs, with notable performances from China Supply Chain Industry (03708), Sanhe Building Group (03822), and HPC Holdings (01742) [1]. Group 1: Stocks Reaching 52-Week Highs - China Supply Chain Industry (03708) achieved a closing price of 0.056, with a peak price of 0.063, marking a high rate of 46.51% [1]. - Sanhe Building Group (03822) closed at 1.120, reaching a high of 1.720, reflecting a high rate of 44.54% [1]. - HPC Holdings (01742) closed at 0.180, with a peak of 0.196, resulting in a high rate of 24.84% [1]. - Other notable stocks include PP Asia Technology (23.12%), Evergrande Property (13.08%), and DIC International Development (11.90%) [1]. Group 2: Stocks Reaching 52-Week Lows - Shifut Investment (01049) recorded a closing price of 0.800, with a low of 0.101, resulting in a low rate of -71.55% [2]. - Yinghui Enterprises Holdings (02959) closed at 0.365, with a low of 0.250, reflecting a decrease of -20.63% [3]. - Other stocks with significant declines include Wangshan Wangshui-B (20.18%) and Delin Holdings (14.29%) [3].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致：香港交易及結算所有限公司 公司名稱: HPC Holdings Limited 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01742 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/註冊股本總額 ...

Summary of Key Points Core Viewpoint - As of October 20, 2023, 44 stocks reached their 52-week highs, with notable performances from China Port Energy, Haina Intelligent, and HPC Holdings, which achieved high rates of 41.05%, 14.81%, and 14.41% respectively [1]. 52-Week Highs - China Port Energy (00931) closed at 0.670 with a high rate of 41.05% [1] - Haina Intelligent (01645) reached a closing price of 1.480, marking a 14.81% increase [1] - HPC Holdings (01742) closed at 0.130, achieving a 14.41% increase [1] - Other notable stocks include Kwan Man Kee (08023) with a 13.92% increase and CMON (01792) with a 12.50% increase [1]. 52-Week Lows - The lowest-performing stock was Golden Leaf International Group (08549), which saw a decrease of 25.97% [2] - Other significant declines included Zhi Xin Group Holdings (02187) with a 9.33% drop and Jingfa Property (01354) with a 9.07% decrease [2] - Yuzhou Group (New) (01628) experienced an 8.02% decline [2].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 第 1 頁 共 10 頁 v 1.1.1 | | | 致：香港交易及結算所有限公司 公司名稱: HPC Holdings Limited 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01742 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,0 ...

法定/註冊股份數目 面值 法定/註冊股本 上月底結存 10,000,000,000 HKD 0.01 HKD 100,000,000 增加 / 減少 (-) HKD 0 本月底結存 10,000,000,000 HKD 0.01 HKD 100,000,000 本月底法定/註冊股本總額： HKD 100,000,000 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年8月31日 | | | 狀態: | 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | HPC Holdings Limited | | | | | | 呈交日期: | 2025年9月1日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) 是 | | | 證券代號 (如上市) | 01742 | 說明 | | | | 增加已發行股份（不包括庫存股份） ...

| 證券代號 (如上市) | 01742 | 說明 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: HPC Holdings Limited 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 本月底法定/註冊股本總額： HKD 100,000,000 第 ...

Company Information [Company Overview and Governance Structure](index=3&type=section&id=Company%20Overview%20and%20Governance%20Structure) HPC Holdings Limited, an investment holding company with subsidiaries in general contracting and engineering, maintains robust corporate governance through its board and committees, with Mr. Ong Yeong Teng serving as Chairman and CEO - HPC Holdings Limited is incorporated in the Cayman Islands, primarily engaged in investment holding, with subsidiaries involved in general construction, engineering design, and consulting services[58](index=58&type=chunk)[60](index=60&type=chunk) - The Company has an Audit Committee, Remuneration Committee, and Nomination Committee, comprising independent non-executive and executive directors, to oversee corporate governance[5](index=5&type=chunk) - Mr. Ong Yeong Teng serves concurrently as the Company's Chairman and Chief Executive Officer, an arrangement the Board believes is in the Group's overall interest[5](index=5&type=chunk)[35](index=35&type=chunk) Management Discussion and Analysis [Business Review](index=5&type=section&id=Business%20Review) The Group secured S$481.81 million in new projects, boosting its order book to S$1,071 million, and managed project completions and ongoing works amidst a challenging Singapore construction market - The Singapore construction market faces challenges of high construction costs, limited human resources, and increased bidding competition, leading to narrower profit margins[8](index=8&type=chunk) - The Group was awarded four significant projects in the first half of 2025, with new awards totaling **S$481.81 million**[9](index=9&type=chunk) - As of April 30, 2025, the Group maintained a strong order book totaling **S$1,071 million**[9](index=9&type=chunk) - The Group completed three projects during the interim period and has eleven ongoing projects, with three major projects expected to be completed in Q3-Q4 2025[10](index=10&type=chunk)[11](index=11&type=chunk) [Financial Review](index=6&type=section&id=Financial%20Review) The Group experienced strong construction activity recovery, with revenue up 35.43% to S$117.63 million and gross profit surging 117.24% to S$6.99 million, while a one-time acquisition gain boosted net profit after tax to S$31.34 million, with no interim dividend declared Interim Period Key Financial Data (S$ thousand) | Indicator | Six Months Ended April 30, 2025 | Six Months Ended April 30, 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 117,632 | 86,859 | +35.43% | | Gross Profit | 6,986 | 3,216 | +117.24% | | Gross Profit Margin | 5.94% | 3.70% | +2.24pp | | Profit Before Tax | 31,752 | 1,355 | +2243.39% | | Profit for the Period | 31,342 | 644 | +4751.24% | | Basic Earnings Per Share (Singapore cents) | 1.96 | 0.04 | +4800% | - Revenue growth was primarily due to increased construction activities from several major ongoing projects commencing during the interim period[13](index=13&type=chunk) - Gross profit margin increased to **5.94%**, mainly due to the completion of pre-Covid-19 projects[13](index=13&type=chunk) - The Group recorded a one-time bargain purchase gain of **S$27.38 million** from an acquisition, significantly boosting profit before tax[15](index=15&type=chunk)[79](index=79&type=chunk) - Administrative expenses increased by approximately **S$869 thousand**, primarily due to depreciation of acquired assets[16](index=16&type=chunk) - The Company did not declare any interim dividend for the period[19](index=19&type=chunk) [Liquidity, Financial Resources and Gearing](index=8&type=section&id=Liquidity,%20Financial%20Resources%20and%20Gearing) The Group relies on internally generated funds and low-risk loan financing for working capital, maintaining a current ratio of 1.63 and reducing its debt-to-equity ratio to 12.32% through loan repayments - The Group primarily relies on internally generated funds for working capital and gradually introduces low-risk loan financing to optimize capital costs[20](index=20&type=chunk) Current Ratio and Debt-to-Equity Ratio | Indicator | April 30, 2025 | October 31, 2024 | | :--- | :--- | :--- | | Current Ratio | 1.63 | 1.66 | | Debt-to-Equity Ratio | 12.32% | 20.91% | - The decrease in the debt-to-equity ratio was mainly due to the gradual repayment of loans funding the redevelopment project at 7 Kung Chong Road, Singapore[21](index=21&type=chunk) [Foreign Exchange Risk](index=9&type=section&id=Foreign%20Exchange%20Risk) The Group's foreign exchange risk is minimal as most income and expenses are denominated in Singapore Dollars, thus no hedging arrangements are employed - The Group's foreign exchange risk is minimal as most income and expenses are denominated in Singapore Dollars[22](index=22&type=chunk) - The Group does not employ any hedging arrangements, and all foreign currency transactions are entered into at spot rates[22](index=22&type=chunk) [Mortgage or Charge on the Group's Assets](index=9&type=section&id=Mortgage%20or%20Charge%20on%20the%20Group's%20Assets) As of April 30, 2025, the Group has mortgaged acquired land to secure bank loans, with an additional charge provided by its subsidiary, HPC Builders Pte Ltd - The Group has mortgaged acquired land to obtain bank loans[23](index=23&type=chunk) - HPC Builders Pte Ltd., a subsidiary of the Company, also provided a charge to the same bank for the same project as additional collateral[23](index=23&type=chunk) [Contingent Liabilities and Financial Guarantees](index=9&type=section&id=Contingent%20Liabilities%20and%20Financial%20Guarantees) The Group is involved in work injury lawsuits, but no significant contingent liabilities are expected as these are generally covered by insurance, and no financial guarantees have been granted to third parties other than asset mortgages - The Group is involved in several work injury lawsuits, which are generally covered by insurance, and no significant contingent liabilities are expected[24](index=24&type=chunk) - As of April 30, 2025, no financial guarantees have been granted to third parties by the Group, other than asset mortgages[24](index=24&type=chunk) [Capital Expenditure and Capital Commitments](index=9&type=section&id=Capital%20Expenditure%20and%20Capital%20Commitments) During the interim period, the Group's capital expenditure was primarily allocated to purchasing construction equipment, fixtures, and additions and alterations to existing properties - During the interim period, the Group's capital expenditure was primarily for the purchase of construction equipment and fixtures, as well as certain additions and alterations to existing properties[25](index=25&type=chunk) [Events After the Reporting Period](index=10&type=section&id=Events%20After%20the%20Reporting%20Period) As of the date of this interim report, the Group has no significant events after the reporting period - There were no significant events after the reporting period and up to the date of this interim report[26](index=26&type=chunk) [Employee Information](index=10&type=section&id=Employee%20Information) As of April 30, 2025, the Group employed 788 individuals, with total staff costs amounting to approximately S$14.1 million, a decrease from the prior period, and provides training, particularly in workplace health and safety - As of April 30, 2025, the Group had **788 employees** (including foreign workers)[27](index=27&type=chunk) Total Staff Costs (S$ thousand) | Indicator | Six Months Ended April 30, 2025 | Six Months Ended April 30, 2024 | | :--- | :--- | :--- | | Total Staff Costs | 14,100 | 15,100 | - The Group's employees are remunerated based on their scope of work and responsibilities; local employees are entitled to discretionary bonuses, while foreign workers are remunerated based on their skill levels and are eligible for contract renewal[27](index=27&type=chunk) - The Human Resources Department arranges training for employees from time to time, particularly in workplace health and safety[27](index=27&type=chunk) [Outlook](index=11&type=section&id=Outlook) Singapore's construction sector faces a strong and diversified outlook, with total construction demand projected to be between S$47 billion and S$53 billion in nominal value for 2025, driven by major development projects, while the Group strategically expands into land optimization and development - The Building and Construction Authority of Singapore projects total construction demand in nominal value to range between **S$47 billion and S$53 billion** for 2025, with actual demand between S$35 billion and S$39 billion[28](index=28&type=chunk) - Strong demand is driven by major projects such as Changi Airport Terminal 5, Marina Bay Sands expansion, public housing, and high-specification industrial buildings[28](index=28&type=chunk) - The Group will see the completion of three large-scale projects, solidifying its reputation in process systems, cleanroom facilities, and pharmaceutical construction[30](index=30&type=chunk) - The Group is strategically venturing into land optimization and development, collaborating with marketing agencies, and offering new warehouses equipped with cold room facilities to expand its business model[30](index=30&type=chunk) - Despite a healthy order book, the Group must contend with margin pressures from rising material costs, increased labor expenses, and heightened industry competition[31](index=31&type=chunk) - Management is committed to selectively acquiring projects, focusing on higher-margin opportunities, operational excellence, and maintaining adaptability[31](index=31&type=chunk) Corporate Governance and Other Information [Share Option Scheme](index=13&type=section&id=Share%20Option%20Scheme) The Group

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].

Core Insights - As of June 12, a total of 159 stocks reached their 52-week highs, with HPC HOLDINGS (01742), China Ecotourism (01371), and Yunfeng Financial (00376) leading the high rate at 51.28%, 43.10%, and 35.00% respectively [1][2] Stock Performance Summary - **Top Performers**: - HPC HOLDINGS (01742) closed at 0.084 with a peak of 0.118, achieving a high rate of 51.28% [2] - China Ecotourism (01371) closed at 0.670 with a peak of 0.830, achieving a high rate of 43.10% [2] - Yunfeng Financial (00376) closed at 2.730 with a peak of 3.510, achieving a high rate of 35.00% [2] - **Other Notable Stocks**: - Jiuyuan Gene (02566) reached a high rate of 23.08% [2] - Zhangli International (01693) reached a high rate of 21.29% [2] - China Biopharmaceutical (01177) reached a high rate of 16.46% [2] - **Additional Stocks with Significant High Rates**: - Beike Micro (02149) at 14.29% [2] - Rongchang Bio (09995) at 14.16% [2] - Baosaitou-B (02315) at 12.86% [2] - SF Technology (09699) at 12.63% [2] 52-Week Low Summary - **Top Decliners**: - Baide International (02668) reached a low rate of -22.22% [6] - Zhizhong International (06063) reached a low rate of -14.89% [6] - Congyu Zhinu (00875) reached a low rate of -9.23% [6] - **Other Notable Decliners**: - China Greenland Boda Green (01253) at -7.69% [6] - New Qian'an (02573) at -7.66% [6] - Aobang Construction (01615) at -3.85% [6]