机构评级方面，目前暂无机构对该股做出投资评级建议。 5月16日，截至港股收盘，恒生指数下跌0.46%，报23345.05点。精技集团（03302.HK）收报0.129港元/ 股，上涨16.22%，成交量2000股，成交额258港元，振幅0.0%。 最近一个月来，精技集团累计涨幅14.43%，今年来累计跌幅14.62%，跑输恒生指数16.92%的涨幅。 财务数据显示，截至2024年12月31日，精技集团实现营业总收入5.27亿元，同比增长7.09%；归母净利 润-3341.84万元，同比减少145.41%；毛利率6.36%，资产负债率34.95%。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金融界 作者：行情君 行业估值方面，工业工程行业市盈率（TTM）平均值为14.62倍，行业中值2.48倍。精技集团市盈 率-2.83倍，行业排名第161位；其他谊砾控股（00076.HK）为0.3倍、中国航天万源（01185.HK）为0.32 倍、天洁环境（01527.HK）为1.92倍、北京控股环境集团（00154.HK）为1.97倍、同景新能源 （08326.HK）为2 ...

Company Overview - Kinergy Corporation Ltd. operates in the semiconductor processing equipment industry, providing electronic manufacturing services and original design manufacturing[4]. - Kinergy has established production facilities in Singapore, China, the Philippines, and Malaysia, enhancing its manufacturing capabilities[4]. - The company collaborates with leading semiconductor equipment manufacturers to develop advanced manufacturing solutions[12]. - Kinergy's customer base primarily consists of semiconductor processing equipment manufacturers and wafer fabrication equipment manufacturers[8]. Electronic Manufacturing Services - The electronic manufacturing services segment focuses on low-volume, high-mix production, relying heavily on manual assembly processes[6]. - The electronic manufacturing services segment saw a revenue increase of approximately 18%, contributing significantly to the overall revenue growth[37]. - The electronic manufacturing services segment generated total revenue of 93.1 million Singapore dollars, reflecting an 18.0% increase year-on-year, primarily due to increased orders for front-end modules used in semiconductor front-end equipment[53][54]. Original Design Manufacturing - Kinergy's original design manufacturing segment includes precision tools and automation equipment, catering primarily to the semiconductor industry[14]. - The original design manufacturing segment experienced a significant decline, with revenue dropping by approximately 63.4% to 4.1 million Singapore dollars, attributed to an oversupply in the outsourced semiconductor assembly and testing industry[48][53]. Financial Performance - For the fiscal year ending December 31, 2024, the total revenue reached SGD 99.0 million, reflecting a 7% increase compared to SGD 92.5 million for the fiscal year ending December 31, 2023[37]. - The net loss after tax for the fiscal year ending December 31, 2024, was approximately SGD 3.6 million, compared to a net loss of SGD 0.9 million for the fiscal year ending December 31, 2023[37]. - The total assets as of December 31, 2024, were SGD 157.6 million, while total liabilities amounted to SGD 55.1 million[27]. - The group recorded a pre-tax loss of approximately SGD 2.8 million for the year ended December 31, 2024, compared to a pre-tax loss of about SGD 1.0 million for the previous year[64]. - The group reported a net loss of approximately SGD 3.6 million for the year ended December 31, 2024, compared to a net loss of about SGD 0.9 million for the year ended December 31, 2023[66]. Investments and Capital Expenditures - The company has established a venture capital fund with a total scale of RMB 100 million (approximately HKD 110 million), with the company's subscription amounting to RMB 30 million (approximately HKD 33 million), representing 30% of the total subscription[90]. - Capital expenditures related to the acquisition of property, plant, and equipment amounted to approximately SGD 2.8 million for the year ended December 31, 2024[77]. - The company has not made any significant investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures as of December 31, 2024[91]. Governance and Management - The company is committed to establishing good corporate governance practices to enhance transparency and accountability to shareholders[143]. - The board of directors consists of a diverse group of members, with one-third being independent non-executive directors as of the fiscal year ending December 31, 2024[147]. - The company has complied with all provisions of the corporate governance code as outlined in the listing rules for the fiscal year ending December 31, 2024[143]. - The company has adopted a code of conduct for securities trading by directors and relevant employees, ensuring compliance with regulatory standards[144]. Risk Management and Compliance - The company has established a risk management and internal control system to identify and manage significant risks, with an independent review conducted by Technic Inter-Asia Pte Ltd for the year ending December 31, 2024[172]. - The company has adopted an anti-corruption policy to prohibit any form of fraud or bribery, ensuring compliance with strict standards of business integrity and transparency[174]. - The board believes that the risk management and internal control system was adequate and effective for the year ending December 31, 2024[174]. Environmental, Social, and Governance (ESG) - The group has set environmental goals to reduce its environmental impact and promote improvements[190]. - The ESG report outlines the group's initiatives, plans, and performance in environmental, social, and governance aspects, demonstrating its commitment to sustainable development[186]. - The company prioritizes high importance issues such as employment practices, occupational health and safety, and greenhouse gas emissions management[200]. Employee and Gender Diversity - The employee gender ratio as of December 31, 2024, is approximately 36:64 (female: male), indicating a balanced gender distribution within the company[166]. - The board has adopted a diversity policy to enhance its competitive advantage, with a commitment to gender diversity and a focus on identifying qualified female candidates for board positions[164]. - The company will continue to improve employee gender diversity, aligning with its broader diversity goals[166]. Future Outlook - The company plans to enhance its semiconductor front-end equipment manufacturing capabilities to attract more customers and products[38]. - The company remains cautiously optimistic about future developments, anticipating improved financial performance due to expanded capabilities in semiconductor front-end equipment manufacturing and increased marketing efforts[52]. - The geopolitical landscape continues to evolve, creating uncertainties, but the company is committed to adapting its strategies to capitalize on emerging opportunities in the semiconductor market[52].

Financial Performance - The company's revenue for the year ended December 31, 2024, was SGD 99,043,000, representing a 7.1% increase from SGD 92,490,000 in 2023[4] - Gross profit decreased by 10.0% to SGD 6,302,000 from SGD 7,001,000 in the previous year[4] - EBITDA for 2024 was SGD 2,991,000, down 22.7% from SGD 3,871,000 in 2023[4] - The company reported a net loss of SGD 3,647,000 for 2024, compared to a loss of SGD 926,000 in 2023[4] - Basic and diluted loss per share for the year was SGD 0.68, compared to SGD 0.28 in 2023[6] - Total comprehensive income for the year was a loss of SGD 3,100,000, improving from a loss of SGD 9,499,000 in 2023[6] - The company reported a net loss attributable to owners of SGD 6,280,000 for 2024, compared to a loss of SGD 2,559,000 in 2023, indicating a worsening financial position[32] - The group recorded a pre-tax loss of approximately SGD 2.8 million for the year ending December 31, 2024, compared to a pre-tax loss of about SGD 1.0 million for the year ended December 31, 2023[63] - The group's net loss after tax was approximately SGD 3.6 million for the year ending December 31, 2024, compared to a net loss of about SGD 0.9 million for the year ended December 31, 2023[65] Revenue Breakdown - Total revenue for the year ended December 31, 2024, was SGD 99,043,000, an increase of 7.9% from SGD 92,490,000 in 2023[15] - Electronic Manufacturing Services contributed SGD 93,141,000, accounting for 94.0% of total revenue, up from 85.4% in 2023[15] - The Original Design Manufacturing segment saw a decline in revenue to SGD 4,112,000, down from SGD 11,223,000, representing a decrease of 63.3%[15] - Investment revenue decreased to SGD 1,790,000 from SGD 2,314,000, a decline of 22.6%[15] - Revenue from Singapore was SGD 53,802,000, making up 54.3% of total revenue, while revenue from the USA increased significantly to SGD 17,380,000, up 59.0% from 2023[20] Assets and Liabilities - Non-current assets totaled SGD 72,505,000, a decrease from SGD 74,805,000 in the previous year[7] - Current assets increased slightly to SGD 85,106,000 from SGD 84,568,000 in 2023[7] - The company's total equity decreased to SGD 102,532,000 from SGD 109,555,000 in 2023[8] - The company's cash and cash equivalents amounted to 17,684 thousand Singapore dollars as of December 31, 2024, down from 18,141 thousand Singapore dollars in 2023[40] - Trade receivables increased to 19,463 thousand Singapore dollars in 2024 from 17,427 thousand Singapore dollars in 2023, with overdue but not impaired receivables rising in the 0 to 30 days category[38] - Total inventory as of December 31, 2024, was 45,407 thousand Singapore dollars, a decrease from 46,079 thousand Singapore dollars in 2023[37] - The company reported a decrease in trade payables to 16,885 thousand Singapore dollars in 2024 from 18,055 thousand Singapore dollars in 2023[41] - The company’s lease liabilities decreased to 3,637 thousand Singapore dollars in 2024 from 4,881 thousand Singapore dollars in 2023[43] Operational Insights - The company operates in contract manufacturing, design, engineering, and assembly for the electronics industry, with subsidiaries in Singapore, China, the Philippines, Japan, and Malaysia[10] - The company is focusing on business growth amid geopolitical changes affecting the semiconductor industry, which may drive new manufacturing demands[45] - The electronic manufacturing services segment reported a total revenue increase of approximately 18.0% year-on-year, primarily due to an increase in orders for equipment front-end modules (EFEM) from customers[47] - The original design manufacturing segment experienced a significant revenue decline of approximately 63.4% year-on-year, attributed to an oversupply in the semiconductor assembly and testing industry and a lack of new equipment for integrated circuit packaging[49] - The investment segment's management fee revenue decreased by approximately 22.6% year-on-year, mainly due to the expiration of funds managed by Shanghai Guangpu and difficulties in establishing new funds[50] Expenses and Investments - Research and development expenses were SGD 2,157,000, a decrease of 19.7% from SGD 2,688,000 in 2023[28] - The company acquired property, plant, and equipment for approximately SGD 2,776,000 in 2024, down from SGD 4,337,000 in 2023[33] - Sales and marketing expenses rose by approximately 21.8% year-on-year to about SGD 3.2 million, mainly due to increased sales commissions[58] - General and administrative expenses decreased by approximately 8.4% year-on-year to about SGD 13.1 million, primarily due to reduced R&D costs[59] - Other income increased significantly to SGD 8,873,000 in 2024 from SGD 807,000 in 2023, primarily due to new investment income[22] Future Outlook and Governance - The company is optimistic about future financial performance due to expanded capabilities in constructing semiconductor front-end equipment and increased marketing efforts[52] - The company is actively seeking acquisitions to obtain new advanced packaging product lines to revitalize the original design manufacturing segment[49] - The board does not recommend the payment of a final dividend for the year ended December 31, 2024[86] - The group has no off-balance-sheet transactions as of the announcement date[84] - The company has complied with all provisions of the corporate governance code for the year ended December 31, 2024[88] - The auditor confirmed that the figures in the annual performance announcement are consistent with the draft consolidated financial statements for the year ended December 31, 2024[92] Employee and Corporate Structure - The group employs 797 staff members, with employee benefit expenses totaling approximately SGD 29.6 million for the year ended December 31, 2024[83] - The company has not experienced any labor disputes during the year ended December 31, 2024[83] - The board of directors includes executive directors and independent non-executive directors, ensuring a diverse governance structure[99]

Share Options - The company granted a total of 8,340,000 share options at an exercise price of HKD 0.300 per share as part of its share option plan[2] - The share options are subject to a vesting period of no less than 12 months, with specific vesting dates set for 2,776,000 options in May 2024, May 2025, and May 2026[3] - The remuneration committee did not set performance targets for the share options, aiming to align the interests of the participants with those of the company and its shareholders[4]

Financial Performance - The company reported a total revenue of 168.3 million SGD for the first half of 2024, compared to 124.2 million SGD in the same period of 2023, reflecting a year-over-year increase of approximately 35%[6]. - Gross profit for the first half of 2024 was 92.5 million SGD, up from 7.0 million SGD in the first half of 2023, indicating a significant improvement in profitability[7]. - Net profit for the first half of 2024 reached 19.0 million SGD, a substantial increase from a net loss of 1.5 million SGD in the first half of 2023[7]. - For the six months ended June 30, 2024, total revenue increased by approximately 16.2% to SGD 51.5 million from SGD 44.3 million for the same period in 2023[14]. - Revenue for the six months ended June 30, 2024, increased to SGD 51,523 thousand, up 16.8% from SGD 44,336 thousand in 2023[69]. - Gross profit rose to SGD 4,820 thousand, representing a 37.3% increase compared to SGD 3,512 thousand in the previous year[69]. - The company reported a pre-tax profit of SGD 5,047 thousand, a significant turnaround from a loss of SGD 398 thousand in 2023[69]. - Net profit for the period was SGD 2,894 thousand, compared to a loss of SGD 1,513 thousand in the same period last year[69]. - Total comprehensive income for the period amounted to SGD 3,683 thousand, recovering from a loss of SGD 9,726 thousand in 2023[69]. Assets and Liabilities - Total assets as of the end of the first half of 2024 were reported at 198.4 million SGD, while total liabilities stood at 111.4 million SGD, resulting in a net equity of 87.0 million SGD[9]. - As of June 30, 2024, the group's cash and cash equivalents decreased to SGD 8.45 million from SGD 19.74 million as of December 31, 2023[26]. - The group's net current assets decreased from approximately SGD 43.4 million to SGD 41.2 million, primarily due to a decrease in cash and cash equivalents by approximately SGD 9.7 million[31]. - The group has capital commitments of SGD 7.31 million as of June 30, 2024, including SGD 448,000 for property, plant, and equipment and SGD 6.865 million for investment securities[33]. - The total liabilities amount to SGD 21,586,000, an increase from SGD 20,892,000 as of December 31, 2023, representing a growth of approximately 3.3%[38]. - The company's equity attributable to owners rose to SGD 95,038 thousand, compared to SGD 94,620 thousand at the end of 2023[70]. Cash Flow - As of June 30, 2024, the company had cash and cash equivalents of approximately SGD 8.5 million, indicating a strong financial position to meet operational needs and future capital expenditures[25]. - For the six months ended June 30, 2024, the net cash used in operating activities was approximately SGD 2.8 million, reflecting an increase in trade and other receivables by approximately SGD 10.5 million[27]. - The net cash used in investing activities for the same period was approximately SGD 5.0 million, primarily for the purchase of property, plant, and equipment amounting to approximately SGD 2.8 million[28]. - The net cash used in financing activities was approximately SGD 1.8 million, mainly for repaying bank loans of about SGD 11.1 million[30]. - The company experienced a net cash outflow from investing activities of SGD 5,036,000, compared to a cash inflow of SGD 5,844,000 in the same period last year[74]. - The company reported a net cash outflow from financing activities of SGD 1,849,000, compared to a net outflow of SGD 3,341,000 in the previous year[74]. Market Strategy and Future Outlook - The company is focusing on expanding its market presence and enhancing its product offerings through new technology developments and strategic partnerships[6]. - Future guidance indicates an optimistic outlook with expected revenue growth of 20% for the full year 2024, driven by increased demand in key markets[6]. - The company plans to invest in research and development to innovate new products, particularly in the semiconductor processing equipment sector[6]. - There is an ongoing strategy to explore potential mergers and acquisitions to strengthen the company's market position and expand its operational capabilities[6]. - The company aims to enhance its operational efficiency by implementing new technologies in its manufacturing processes[6]. - The board has approved a new strategic plan to increase shareholder value through targeted investments and cost management initiatives[6]. Shareholder Structure - As of June 30, 2024, Mr. Lin Guocai holds 304,791,246 shares, representing approximately 33.12% of the company's shares[52]. - Ms. Fu Haoyu, as the spouse of Mr. Lin Guocai, has a beneficial interest in 305,711,246 shares, which is about 33.22%[55]. - China Everbright Venture Capital Limited and its parent company, China Everbright Holdings Limited, collectively hold 262,084,380 shares, accounting for approximately 28.48%[55]. - The largest shareholder, Mr. Lin Guocai, has a direct and indirect interest in a total of 304,791,246 shares, which includes shares held by his spouse[53]. - The company has a diverse shareholder base, with significant stakes held by institutional investors and related parties[55]. - The overall ownership structure reflects a concentration of shares among a few key stakeholders, indicating potential influence over corporate decisions[56]. Stock Options and Corporate Governance - The company has a stock option plan effective from June 27, 2018, allowing for a maximum of 83,935,132 shares to be granted, which is 10% of the issued shares post-listing[59]. - The company granted a total of 29,740,000 stock options, with 6,840,000 options remaining unexercised as of the reporting date[63]. - The performance targets for the stock options granted in 2021 were not achieved, leading to their cancellation[60]. - The company emphasizes good corporate governance by changing auditors after a suitable period[67]. - The company plans to appoint PKF-CAP LLP as the new auditor following the resignation of Ernst & Young, which was approved at the 2024 Annual General Meeting[67]. Employee and Operational Metrics - The company employs 779 staff members, with employee benefit expenses amounting to approximately SGD 16.2 million for the six months ended June 30, 2024[47]. - Research and development expenses increased to SGD 1,418,000 in the first half of 2024, up from SGD 1,024,000 in the same period of 2023, reflecting a focus on innovation[83]. - The company’s short-term employee benefits for key management personnel increased to SGD 1,712 thousand for the six months ended June 30, 2024, compared to SGD 1,501 thousand for the same period in 2023, representing a growth of 14.05%[101]. Risks and Contingencies - The company has not declared an interim dividend for the six months ended June 30, 2024[48]. - There are no contingent liabilities or significant pending lawsuits as of June 30, 2024[40]. - The company has implemented measures to manage foreign exchange risks due to operations primarily in Singapore and China, with significant revenue denominated in USD[45].

Financial Performance - Revenue for the six months ended June 30, 2024, was SGD 51,523,000, an increase of 16.2% from SGD 44,336,000 in the same period of 2023[1] - The group reported a profit of SGD 2,894,000 for the six months ended June 30, 2024, compared to a loss of SGD 1,513,000 in the previous year[1] - EBITDA for the period was SGD 7,965,000, representing a significant increase of 265.0% from SGD 2,182,000 in the prior year[1] - Gross profit increased to SGD 4,820,000 from SGD 3,512,000, reflecting improved operational efficiency[3] - Other income and gains rose to SGD 9,333,000, up from SGD 3,520,000, indicating enhanced revenue streams[3] - The company reported a basic and diluted loss per share of SGD (0.03) for the period, an improvement from SGD (0.20) in the previous year[4] - For the six months ended June 30, 2024, the company reported a loss attributable to owners of SGD 257,000, compared to a loss of SGD 1,837,000 for the same period in 2023, representing a significant improvement[23] - The basic and diluted loss per share for the six months ended June 30, 2024, was SGD 0.03, compared to SGD 0.20 for the same period in 2023[23] - The group recorded a pre-tax profit of approximately 5.0 million SGD for the six months ended June 30, 2024, compared to a pre-tax loss of approximately (0.4) million SGD for the same period in 2023[46] - Net profit after tax for the six months ended June 30, 2024, was approximately 2.9 million SGD, compared to a net loss of approximately (1.5) million SGD for the same period in 2023[48] Revenue Breakdown - The total revenue for the six months ended June 30, 2024, was SGD 51,523,000, representing a 16.7% increase from SGD 44,336,000 for the same period in 2023[13] - The Electronics Manufacturing Services segment generated revenue of SGD 47,347,000, accounting for 91.9% of total revenue, up from 81.9% in the previous year[13] - The Original Design Manufacturing segment's revenue decreased to SGD 3,194,000, representing 6.2% of total revenue, down from 15.3% in the previous year[13] - Investment segment revenue was SGD 982,000, contributing 1.9% to total revenue, compared to 2.8% in the previous year[13] - Revenue from Singapore was SGD 22,402,000, making up 43.5% of total revenue, a decrease from 55.2% in the previous year[15] - Revenue from the United States increased significantly to SGD 12,031,000, representing 23.4% of total revenue, up from 8.4% in the previous year[15] - Total revenue from the electronic manufacturing services segment increased by approximately 30.4% for the six months ended June 30, 2024, primarily due to orders from new customers, mainly wafer equipment manufacturers[35] - Total revenue for the original design manufacturing segment decreased by approximately 52.9% due to reduced customer demand, with a challenging short-term outlook[36] - Investment segment revenue decreased by approximately 21.7% compared to the same period in 2023, primarily due to reduced management fees from a fund managed by Shanghai Guangpu[37] Assets and Liabilities - Total assets as of June 30, 2024, were SGD 163,502,000, compared to SGD 159,373,000 as of December 31, 2023[5] - Cash and cash equivalents decreased to SGD 8,450,000 from SGD 18,141,000, indicating a need for improved cash management[5] - The net asset value increased to SGD 111,409,000 from SGD 109,555,000, reflecting a stable financial position[6] - The company's total inventory as of June 30, 2024, was SGD 46,118,000, slightly up from SGD 46,079,000 as of December 31, 2023[26] - Trade receivables as of June 30, 2024, were SGD 19,127,000, an increase from SGD 17,427,000 as of December 31, 2023[27] - The net current assets decreased from approximately SGD 43.4 million as of December 31, 2023, to approximately SGD 41.2 million as of June 30, 2024, due to an increase in current loans and borrowings by SGD 1.7 million and a decrease in cash and cash equivalents by SGD 9.7 million[55] - As of June 30, 2024, the total outstanding balance of interest-bearing loans and borrowings was approximately SGD 21.6 million, an increase from SGD 20.9 million as of December 31, 2023[58] - The net debt-to-equity ratio as of June 30, 2024, was approximately 0.12, up from 0.03 as of December 31, 2023[60] - The leverage ratio as of June 30, 2024, remained stable at approximately 0.19, consistent with the previous period[61] Operational Developments - The company completed the acquisition of a factory in Malacca, Malaysia, in April 2024, expanding its operational capacity[9] - The company completed the acquisition of a facility in Malacca, Malaysia, in April 2024, enhancing its production capabilities[34] - The company entered into a partnership agreement to establish a venture capital fund with an initial proposed size of RMB 100 million (approximately SGD 110 million), with the company's proposed subscription amount being RMB 30 million (approximately SGD 33 million)[63] Expenses and Cash Flow - The cost of goods sold for the six months ended June 30, 2024, was SGD 32,009,000, compared to SGD 27,939,000 in the previous year[20] - Research and development expenses increased to SGD 1,418,000 from SGD 1,024,000 in the previous year[20] - The income tax expense for the six months ended June 30, 2024, was SGD 2,153,000, up from SGD 1,115,000 in the previous year[21] - Sales and marketing expenses increased by approximately 33.3% from about 1.2 million SGD to about 1.6 million SGD, primarily due to higher sales commissions in the electronic manufacturing services segment[43] - The net cash flow used in investment activities for the six months ended June 30, 2024, was approximately SGD 5.0 million, primarily for the purchase of property, plant, and equipment amounting to SGD 2.8 million[53] - The net cash flow used in financing activities for the same period was approximately SGD 1.8 million, mainly for repaying bank loans of SGD 11.1 million and paying dividends of SGD 1.8 million[54] - Operating cash flow for the six months ended June 30, 2024, was approximately (2.8) million SGD, reflecting an increase in trade and other receivables by about 10.5 million SGD[51] Corporate Governance - The company has declared no interim dividend for the six months ended June 30, 2024, compared to a declared dividend of SGD 1,381,000 for the same period in 2023[23] - The board of directors did not recommend the payment of an interim dividend for the six months ended June 30, 2024[68] - The company has adopted a standard code of conduct for securities trading by directors and related employees, confirming compliance for the six months ending June 30, 2024[70] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries for the six months ending June 30, 2024[71] - The interim financial statements for the six months ending June 30, 2024, have been reviewed by the audit committee, which consists solely of independent non-executive directors[72] - The interim results announcement will be published on the Hong Kong Stock Exchange and the company's website, containing all information required by the listing rules[73] - The company holds approximately 28.58% of the issued shares of China Everbright Holdings, which is a significant shareholder[73] - The company is registered in Singapore and its shares are listed on the main board of the Hong Kong Stock Exchange under stock code 3302[73] - The company has a 51.03% ownership interest in Shanghai Guangpu Venture Capital Management Co., Ltd., which is significant for its investment strategy[74] - The company operates in the electronic manufacturing services sector, indicating a focus on technology and manufacturing[74] - The company is subject to the listing rules of the Hong Kong Stock Exchange, which govern its operations and disclosures[75] - The executive directors include Lin Guocai, Du Xiaotang, Lin Qinming, and Zheng Jinya, indicating a stable leadership team[75] Employee Information - The company employed 779 staff members and incurred employee benefit expenses of approximately SGD 16.2 million for the six months ended June 30, 2024[67]

Financial Performance - Kinergy Corporation Ltd. reported total managed assets of approximately SGD 168 million as of December 31, 2023[15]. - The company's revenue for the year ended December 31, 2023, was SGD 92.5 million, a decrease of 25.5% compared to SGD 124.2 million for the year ended December 31, 2022[34]. - The net loss after tax for the year ended December 31, 2023, was approximately SGD 0.9 million, compared to a net profit of SGD 7.3 million for the year ended December 31, 2022[34]. - The EBITDA for the year ended December 31, 2023, was SGD 3.87 million, down from SGD 13.58 million in 2022[21]. - The company's gross profit decreased by approximately 63.2%, from SGD 19.0 million in 2022 to SGD 7.0 million in 2023, resulting in a gross margin decline from about 15.3% to 7.6%[54]. - The company did not recommend a final dividend for the year ended December 31, 2023[35]. - The total assets as of December 31, 2023, were SGD 159.4 million, while total liabilities were SGD 49.8 million[21]. - The total equity attributable to equity holders of the parent as of December 31, 2023, was SGD 94.62 million[21]. Business Segments - The company operates in three segments: Electronic Manufacturing Services, Original Design Manufacturing, and Investment Services[6]. - The Electronic Manufacturing Services segment focuses on low-volume, high-mix production for semiconductor processing equipment, requiring intensive labor[6]. - The Original Design Manufacturing segment designs and manufactures automation equipment and precision tools primarily for the semiconductor industry[11]. - The electronic manufacturing services segment accounted for approximately 85.4% of total revenue, while original design manufacturing and investment segments contributed about 12.1% and 2.5%, respectively[33]. - The electronic manufacturing services segment saw a revenue decline of approximately 27.7%, from SGD 109.2 million in 2022 to SGD 78.9 million in 2023[51]. - The original design manufacturing segment's revenue decreased by about 5.9%, from SGD 11.9 million in 2022 to SGD 11.2 million in 2023[51]. - The investment segment's management fee income fell by approximately 25.5%, primarily due to a reduction in the size of one of the managed funds[48]. Market Position and Recognition - Kinergy has achieved ISO 9001:2015 certification for its quality management system, ensuring high-quality and cost-effective products[16]. - The company has been recognized as a winner of the Enterprise 50 award three times, highlighting its strong market position[16]. - Kinergy's unique engineering capabilities and manufacturing services contribute to its competitive advantage in the market[16]. Operational Strategy - The company plans to maintain operational costs at a low level in preparation for potential economic recovery[43]. - The company is preparing to enter the outsourced semiconductor assembly and testing market with the assistance of Towa Corporation, which holds about 57% of the automotive molding equipment market share globally[47]. - The company is focused on expanding its market presence and enhancing its technological capabilities through strategic hires and partnerships[117]. - The company is exploring new strategies for market expansion and product development to enhance shareholder value[117]. Cash Flow and Investments - As of December 31, 2023, the company's cash and cash equivalents amounted to approximately SGD 18.1 million, a decrease from SGD 20.1 million in 2022[65]. - The net cash flow from operating activities for 2023 was approximately SGD 1.2 million, down from SGD 2.9 million in 2022, primarily due to a cash outflow of SGD 5.3 million for working capital[68]. - The net cash flow from investing activities was approximately SGD 2.9 million, mainly from the sale of investment securities amounting to SGD 7.2 million[69]. - The net cash flow used in financing activities was approximately SGD 5.4 million, primarily for repaying bank loans of SGD 11.1 million[70]. - The company holds a 51% stake in Shanghai Guangpu, which was the only segment to achieve profitability for the year ended December 31, 2023[33]. Corporate Governance - The company has adhered to the corporate governance code as per the listing rules applicable for the year ending December 31, 2023[154]. - One-third of the board members are independent non-executive directors, ensuring compliance with independence criteria[158]. - The board is composed of high-quality members, including the CEO and the Group CFO, focusing on maximizing long-term shareholder value[157]. - The roles of the Chairman and CEO are distinct, with the Chairman responsible for policy formulation and oversight, while the CEO manages daily operations[164]. - The board has conducted a review of corporate governance policies and compliance with legal and regulatory requirements[165]. - The company has established a code of conduct for employees and directors, ensuring ethical behavior and compliance[165]. - The board held a meeting with independent non-executive directors to discuss matters without the presence of other directors[164]. Leadership and Experience - The company has over 43 years of experience in the semiconductor, electronics, and chemical trading industries[100]. - The executive director has over 20 years of experience in corporate finance, capital markets, private equity investments, and mergers and acquisitions[103]. - The financial director has over 56 years of accounting and finance experience, previously serving as managing director of a major offshore and maritime investment company[107]. - The chairman of the board has over 42 years of experience in the semiconductor industry, having held various global management positions[109]. - The company has a strong leadership team with extensive experience in the semiconductor and automation industries, including over 44 years of experience for Mr. Zhan and over 26 years for Mr. Chen[123][126]. Employee and Diversity Initiatives - The employee gender ratio as of December 31, 2023, is approximately 35:65 (female: male), indicating a balanced distribution[179]. - The company aims to appoint at least one female director by December 31, 2024, to enhance gender diversity on the board[177]. - The company emphasizes the importance of independent judgment and leadership in the board's decision-making processes[178]. Environmental, Social, and Governance (ESG) Initiatives - The company has been committed to environmental, social, and governance (ESG) initiatives, as outlined in its ESG report for the year ending December 31, 2023[198]. - The ESG report outlines the group's commitment to sustainable development and its performance in various ESG initiatives[198]. - The company is committed to corporate social responsibility, promoting sustainable economic, social, and environmental development through stakeholder engagement[191].

Financial Performance - Total revenue for the year ended December 31, 2023, was SGD 92.49 million, a decrease of 25.5% from SGD 124.20 million in 2022[4] - Gross profit for the same period was SGD 7.00 million, down 63.2% from SGD 19.00 million in 2022[4] - EBITDA decreased by 71.5% to SGD 3.87 million from SGD 13.58 million in the previous year[4] - The company reported a net loss of SGD 0.93 million for 2023, compared to a profit of SGD 7.28 million in 2022[4] - Basic and diluted loss per share was SGD (0.28) compared to earnings of SGD 0.50 per share in 2022[4] - The group’s total revenue for the year ended December 31, 2023, was approximately SGD 92.5 million, a decrease of about 25.5% from SGD 124.2 million for the year ended December 31, 2022[57] - The group's gross profit decreased by approximately 63.2% to about SGD 7.0 million, with a gross margin of approximately 7.6%, down from 15.3%[64] Revenue Breakdown - Revenue from the Electronics Manufacturing Services segment was SGD 78.95 million, accounting for 85.4% of total revenue[15] - The Original Design Manufacturing segment generated SGD 11.22 million, representing 12.1% of total revenue[15] - Investment revenue was SGD 2.31 million, maintaining a 2.5% share of total revenue[15] - Revenue from electronic manufacturing services was SGD 78,953,000, down from SGD 109,176,000 in 2022, representing a decline of 27.5%[18] - The investment segment generated SGD 2,314,000 in revenue, compared to SGD 3,105,000 in 2022, reflecting a decrease of 25.5%[18] - The original design manufacturing segment's revenue decreased by approximately 5.9% year-on-year, focusing on outsourced semiconductor assembly and testing equipment[54] Assets and Liabilities - Total assets decreased to SGD 109.56 million in 2023 from SGD 122.30 million in 2022[7] - Cash and cash equivalents decreased to SGD 18.14 million from SGD 20.10 million in the previous year[7] - The total outstanding balance of interest-bearing loans and borrowings as of December 31, 2023, was approximately SGD 21.0 million, slightly down from SGD 21.2 million as of December 31, 2022[85] - The net debt-to-equity ratio as of December 31, 2023, was approximately 0.03, compared to 0.01 as of December 31, 2022[88] - The leverage ratio as of December 31, 2023, was 0.19, an increase from 0.17 as of December 31, 2022[89] Cash Flow - The net cash flow from operating activities for the year ended December 31, 2023, was approximately SGD 1.2 million, reflecting a decrease from SGD 2.9 million in 2022[76] - The net cash flow from investing activities for the year ended December 31, 2023, was approximately SGD 2.9 million, primarily from the sale of investment securities amounting to SGD 7.2 million[79] - The net cash flow used in financing activities for the year ended December 31, 2023, was approximately SGD 5.4 million, mainly for repaying bank loans of SGD 11.1 million[80] Expenses - Other income decreased to SGD 807,000 in 2023 from SGD 1,408,000 in 2022, primarily due to lower government grants and interest income[20] - The cost of goods sold was SGD 59,115,000 in 2023, down from SGD 80,654,000 in 2022, indicating a reduction of 26.7%[25] - Selling and marketing expenses decreased by approximately 18.9% to about SGD 2.6 million, aligning with the decline in revenue[66] - General and administrative expenses increased by approximately 9.6% to about SGD 14.3 million, mainly due to higher employee wages and salaries[67] Investments and Acquisitions - The group acquired an additional 51% stake in Continuumm Technologies, resulting in 100% ownership of the company[53] - As of December 31, 2023, the group's investment in joint ventures totaled SGD 16.562 million, an increase from SGD 14.362 million in 2022[34] - The group’s investment in the Nantong Intelligent Manufacturing Fund increased to SGD 11.201 million in 2023 from SGD 8.729 million in 2022[34] - The acquisition of 100% of Continuumm Technologies was completed on July 12, 2023, following the purchase of shares for SGD 15,000[91] Employee and Governance - The group has 819 employees as of December 31, 2023, with employee benefits expenses amounting to approximately SGD 29.5 million for the year[97] - The board does not recommend the payment of a final dividend for the year ended December 31, 2023[99] - The group has complied with all provisions of the corporate governance code for the year ended December 31, 2023[103] - The group has not experienced any labor disputes during the year ended December 31, 2023[97] Risk Management - The group continues to monitor foreign exchange risks, particularly with fluctuations in SGD, RMB, and USD, which may significantly impact profit margins and overall performance[94] - The semiconductor equipment industry remains highly investable, with a focus on identifying promising sectors and companies within the changing economic landscape in China[56] Other Information - The group has not pledged any assets as of December 31, 2023[95] - The group has not entered into any off-balance sheet transactions as of the announcement date[98] - The audit committee has reviewed the consolidated financial statements for the year ended December 31, 2023[106] - The group has established a stock option plan, granting a total of 2,900,000 options to seven employees at an exercise price of HKD 0.304 per share, effective for 12 months from the grant date[100] - The executive directors include Mr. Lin Guo Cai (CEO), Mr. Du Xiao Tang, Mr. Lin Qin Ming, and Mr. Zheng Jin Xia[115] - The non-executive directors include Mr. Luo Jian Hua (Chairman) and Mr. Fan Zhi Rong[116] - Independent non-executive directors include Dr. Senerath Wickramanayaka Mudiyanselage Sunil Wickramanayaka, Mr. Pan Zhi Wei, and Dr. Hong Bing Fa[115]

Financial Performance - Total revenue for the first half of 2023 was SGD 44.3 million, representing a 7.3% increase compared to the same period in 2022[12]. - Gross profit for the first half of 2023 was SGD 12.6 million, with a gross margin of approximately 28.4%[12]. - Net profit for the first half of 2023 was SGD 3.5 million, compared to a net loss of SGD 2.8 million in the same period of 2022[12]. - For the six months ended June 30, 2023, total revenue decreased by approximately 37.9% to SGD 44.3 million from SGD 71.4 million for the same period in 2022[28]. - Gross profit decreased by approximately 71.1% to SGD 3.5 million, with gross margin dropping from approximately 17.0% to 7.9%[31][32]. - The company reported a loss of SGD 1,513,000 for the six months ended June 30, 2023, compared to a profit of SGD 2,696,000 in the same period of 2022[94]. - Total comprehensive loss for the period was SGD 9,726,000, significantly higher than the loss of SGD 3,329,000 reported in the previous year[94]. - The group reported a pre-tax loss of SGD 1,837,000 for the six months ended June 30, 2023, compared to a profit of SGD 2,617,000 in 2022, indicating a shift in financial performance[119]. Assets and Liabilities - Total assets as of the end of the first half of 2023 were SGD 195.1 million, an increase from SGD 168.9 million at the end of 2022[15]. - Total liabilities as of the end of the first half of 2023 were SGD 125.1 million, up from SGD 122.3 million at the end of 2022[15]. - Equity total as of the end of the first half of 2023 was SGD 70 million, reflecting a stable financial position[15]. - The group's current asset net value decreased from approximately SGD 54.9 million as of December 31, 2022, to approximately SGD 53.3 million as of June 30, 2023[48]. - The outstanding balance of interest-bearing loans and borrowings was approximately SGD 22.4 million as of June 30, 2023, compared to SGD 21.2 million as of December 31, 2022[58]. - The net debt-to-equity ratio increased to 2.4% as of June 30, 2023, up from 1.1% as of December 31, 2022[60]. - The leverage ratio as of June 30, 2023, was 20.5%, compared to 17.4% as of December 31, 2022[61]. Revenue Segmentation - The electronic manufacturing services segment accounted for approximately 81.9% of total revenue, while original design manufacturing and investment segments contributed about 15.3% and 2.8%, respectively[19]. - Revenue from the electronic manufacturing services segment declined by approximately 42.8% to SGD 36.3 million, primarily due to a significant drop in sales volume in Singapore[24][29]. - The original design manufacturing segment experienced a slight revenue increase of approximately 6.4%, driven by successful market entry in Europe[25]. - Investment segment revenue from fund management fees decreased by approximately 22.2%, while net profit increased by approximately 398.4% due to an overall increase in the value of Chinese stocks[26]. - Revenue from Singapore decreased significantly to SGD 24.490 million (55.2%) from SGD 50.803 million (71.1%) in 2022[111]. - Revenue from Mainland China increased to SGD 6.899 million (15.6%) from SGD 6.758 million (9.5%) year-on-year[111]. Cash Flow and Investments - As of June 30, 2023, the group had cash and cash equivalents of approximately SGD 19.7 million, indicating a stable financial position[42]. - The net cash used in operating activities for the six months ended June 30, 2023, was approximately SGD 2.2 million, reflecting significant changes in trade receivables and payables[44]. - The net cash generated from investing activities was approximately SGD 5.8 million, primarily from the sale of financial instruments[45]. - The net cash used in financing activities was approximately SGD 3.3 million, mainly for repaying bank loans and paying dividends[47]. - The company reported a net cash inflow of SGD 327,000 for the six months ended June 30, 2023, compared to a net outflow of SGD 8.621 million in the same period of 2022[100]. Expansion and Future Plans - The company plans to expand its market presence in Southeast Asia, targeting a 15% growth in revenue for the next fiscal year[18]. - New product development initiatives are underway, focusing on semiconductor processing equipment, with expected launch in Q4 2023[18]. - The company is exploring potential acquisitions to enhance its technological capabilities and market reach[18]. - The company is focusing on contract manufacturing services as semiconductor equipment demand remains strong amid geopolitical tensions and significant investments in new semiconductor manufacturing capacity[21][23]. - The company has established a new facility in Malacca, Malaysia, and acquired another facility in Johor, Malaysia, as part of its expansion strategy[19]. Shareholder Information - As of June 30, 2023, Mr. Lin Guocai holds 304,425,246 shares, representing 33.08% of the company's equity[77]. - The total number of shares held by major shareholders includes 262,084,380 shares held by Zuan Yu Global Limited, accounting for 28.48%[81]. - China Everbright Holdings Limited and its subsidiaries collectively hold 263,070,380 shares, representing 28.58% of the company's equity[81]. - The company has granted stock options totaling 920,000 shares to Mr. Lin and Mr. Du Xiaotang, each representing 0.10% of the issued share capital[79]. - The company’s major shareholders include Unitras (H.K.) Limited, which holds 56,498,768 shares, representing 6.14%[81]. Employee and Labor Relations - The company employed 803 staff members, with employee benefit expenses amounting to approximately SGD 12.4 million for the six months ended June 30, 2023[68]. - The company has adopted a share option plan to recognize and retain qualified employees, with no significant labor disputes reported for the six months ended June 30, 2023[68]. - The company reported a short-term employee benefit expense of SGD 1,501,000 for the six months ended June 30, 2023, an increase of 7.3% from SGD 1,399,000 in the same period of 2022[137]. Stock Options and Equity - The company has a stock option plan adopted on June 27, 2018, with details disclosed in the report[79]. - The total number of shares held by Mr. Du Xiaotang through Sino Expo Holdings Limited is 12,950,000, which includes 88,000 shares directly held[78]. - The company issued stock options for a total of 8,340,000 shares at an exercise price of HKD 0.300, representing 0.91% of the weighted average number of shares outstanding as of June 30, 2023[89]. - The fair value of the stock options granted was estimated at SGD 14,730, calculated using a binomial model[90]. - The expected volatility used in the option pricing model was 44%, with a risk-free interest rate of 3.6%[90].

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之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不對因本公告全部或任何部份內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 Kinergy Corporation Ltd. 精 技 集 團 有 限 公 司 * （於新加坡註冊成立的有限公司） （股份代號：3302） 截至2023年6月30日止六個月 中期業績公告 精技集團有限公司*（「本公司」）董事會（「董事會」）謹此宣佈本公司及其附屬公 司（以下統稱「本集團」）截至2023年6月30日止六個月之中期業績及未經審核中 期簡明綜合財務報表，連同截至2022年6月30日止六個月之比較數字。 概要 截至以下日期止六個月 2023年 2022年 變動 6月30日 6月30日 變動 百分比 （未經審核） （未經審核） （千新加坡元）（千新加坡元）（千新加坡元） 收益 44,336 71,410 (27,074) –37.9% 期間（虧損）╱利潤 (1,513) 2,696 (4,209) –156.1% ...