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精技集团(03302)发布中期业绩 股东应占亏损374.8万新加坡元 同比扩大1358.37%
智通财经网· 2025-08-22 11:18
公告称,收益减幅主要由于来自原始设计制造分部的销量下跌。 智通财经APP讯,精技集团(03302)发布截至2025年6月30日止六个月中期业绩,收益5028万新加坡元, 同比减少2.41%;股东应占亏损374.8万新加坡元,同比扩大1358.37%;每股基本亏损0.41新加坡分。 ...
精技集团(03302) - 2025 - 中期业绩
2025-08-22 11:14
截至2025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2025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2024年6月30日止六個月之比較數字。 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) | | 截至以下日期止六個月 | | | | | --- | --- | --- | --- | --- | | | 2025年 | 2024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 | 50,280 | 51,523 | (1,243 ...
精技集团(03302) - 董事会会议召开日期
2025-08-11 08:38
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. 於本公告日期,執行董事為林國財先生、杜曉堂先生、林欽銘先生及鄭金呷先生;非執行 董事為羅建華先生(主席)及范志榮先生;及獨立非執行董事為潘志偉先生、洪炳發博士及 陳德宜女士。 承董事會命 精技集團有限公司* 執行董事兼行政總裁 林國財 香港,2025年8月11日 (於新加坡註冊成立的有限公司) (股份代號:3302) 公告 董事會會議召開日期 本公告乃根據香港聯合交易所有限公司證券上市規則第13.43條而作出。 精技集團有限公司*(「本公司」)董事(「董事」)會(「董事會」)宣佈,董事會會議 將於2025年8月22日(星期五)舉行,旨在考慮及批准(其中包括)發佈有關本公 司及其附屬公司截至2025年6月30日止六個月之中期業績的公告及建議派付中 期股息(如有)。 * 僅供識別 精技集團有限公司 * ...
精技集团(03302) - 截至2025年7月31日止股份发行人的证券变动月报表
2025-08-01 00:11
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: | 精技集團有限公司 | | | | 呈交日期: | 2025年8月1日 | | | | I. 法定/註冊股本變動 不適用 | | | | | 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) | 03302 | 說明 | | | | | | | | | 已發行股份(不包括庫存股份)數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 920,393,394 | | 0 | | 920,393,394 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 920,393,394 | | 0 ...
精技集团(03302.HK)5月16日收盘上涨16.22%,成交258港元
Jin Rong Jie· 2025-05-16 08:34
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 ...
精技集团(03302) - 2024 - 年度财报
2025-04-17 08:50
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].
精技集团(03302) - 2024 - 年度业绩
2025-03-28 09:55
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]
精技集团(03302) - 2024 - 年度业绩
2024-09-03 10:40
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]
精技集团(03302) - 2024 - 中期财报
2024-09-03 08:37
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].
精技集团(03302) - 2024 - 中期业绩
2024-08-16 09:29
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]