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% ...

Business Expansion and Investments - Kinergy Corporation Ltd. plans to establish a manufacturing facility in Malaysia, expected to commence operations in the second half of 2023[5]. - The company has acquired a factory in Malacca, Malaysia, to support its electronic manufacturing services[37]. - The company plans to invest approximately 10.0 million Malaysian Ringgit (3.3 million Singapore Dollars) to expand its business into Malaysia, aiming to reduce geopolitical risks[82]. - The company has increased its investment in Vision System by acquiring a 49% stake in a group providing precision agricultural equipment[39]. - The company agreed to acquire approximately 49.0% equity in Continuumm Technologies for a cash consideration of 2,113,725 Singapore Dollars, completed on March 21, 2022[83]. - The company agreed to invest approximately 4,155,000 Singapore Dollars (equivalent to 20,000,000 RMB) for a 2.0% stake in Shenzhen Jiecheng Nickel Cobalt New Energy Technology Co., Ltd.[84]. Financial Performance - The company's revenue for the year ended December 31, 2022, was SGD 124.2 million, a decrease of 26.2% compared to SGD 168.3 million for the year ended December 31, 2021[40]. - The net profit after tax for the year ended December 31, 2022, was SGD 7.3 million, down from SGD 12.6 million for the year ended December 31, 2021[40]. - Earnings per share for the year ended December 31, 2022, was SGD 0.50, compared to SGD 1.32 for the year ended December 31, 2021[40]. - The gross profit decreased by approximately 32.7% to SGD 19.0 million, with the gross margin dropping to 15.3% from 16.8% in the previous year[55]. - The electronic manufacturing services segment's revenue declined by about 31.0% to SGD 109.2 million, while the original design manufacturing segment saw a significant increase of approximately 67.9% to SGD 11.9 million[53]. - Other income and gains increased by approximately SGD 2.3 million or 49.5% to about SGD 6.9 million for the year ended December 31, 2022, primarily due to net fair value gains on investment securities[56]. Operational Strategies and Challenges - The investment division faced significant operational restrictions due to COVID-19 lockdowns in China, impacting its plans to establish new funds in 2022[16]. - The company is closely monitoring the semiconductor processing equipment market for potential oversupply in the next 5 to 7 years[42]. - The geopolitical tensions and economic uncertainties are impacting the company's operational strategies and supply chain management[46]. - The company is focusing on enhancing manufacturing capabilities and developing the semiconductor front-end business, with plans to establish facilities in Malaysia by the second half of 2023[52]. Corporate Governance - The company reported a commitment to good corporate governance practices, ensuring transparency and accountability to shareholders[163]. - The board consists of ten members, including five executive directors and four independent non-executive directors, ensuring a diverse range of expertise[166]. - The company adhered to all provisions of the corporate governance code applicable for the year ended December 31, 2022[163]. - The board is responsible for strategic direction and oversight, including monitoring significant transactions and approving financial performance[169]. - The company has implemented a code of conduct for directors and employees to ensure compliance with securities trading standards[164]. - The independent non-executive directors confirmed their independence according to the listing rules, with one possessing relevant professional qualifications[167]. Management and Workforce - The company has a strong management team with over 25 years of accounting experience, ensuring financial oversight and strategic direction[138]. - The company employed 758 staff, with employee benefit expenses amounting to approximately 28.1 million Singapore Dollars for the year[93]. - The supply chain and procurement director has over 24 years of experience in procurement, enhancing operational efficiency and cost management[140]. - The manufacturing director has over 30 years of management experience, with a focus on semiconductor industry operations[143]. Future Outlook and Innovations - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[116]. - New product launches are expected to contribute an additional $50 million in revenue over the next year[116]. - The company is investing $30 million in research and development for new technologies in the semiconductor sector[116]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs by the end of the fiscal year[116]. - The company is considering strategic acquisitions to enhance its product offerings and market presence[116]. Quality Management and Sustainability - The company emphasizes providing cost-effective and timely delivery of high-quality products through continuous improvement and resource investment[17]. - The quality management initiatives have led to recognition in the form of national quality awards, showcasing the company's commitment to excellence[148]. - The board of directors emphasized the importance of sustainability initiatives in future business strategies[116].

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2022年12月31日止年度 全年業績公告 精技集團有限公司*（「本公司」）董事會（「董事會」）宣佈本公司及其附屬公司（以 下統稱「本集團」）截至2022年12月31日止年度之綜合財務報表，連同截至2021 年12月31日止年度之比較數字。 摘要 截至12月31日止年度 2022年 2021年 變動 變動百分比 （千新加坡元）（千新加坡元）（千新加坡元） 收益 124,202 168,325 (44,123) -26.2% 毛利 19,001 28,220 (9,219) -32.7% 年度利潤 7,277 12,556 (5,279) -42.0% EBITDA（附註） 7,648 17,403 (9,755) -56.1% ...

Financial Performance - Revenue for the first half of 2021 was SGD 122.8 million, showing a significant increase compared to SGD 71.0 million in the first half of 2020[12] - Gross profit for the first half of 2021 reached SGD 30.4 million, up from SGD 12.5 million in the same period of 2020, indicating a strong recovery[12] - Net profit for the first half of 2021 was SGD 4.6 million, a notable improvement from a net loss of SGD 45,000 in the first half of 2020[13] - Total revenue for the first half of 2021 reached approximately SGD 77.5 million, a 155.2% increase from SGD 30.4 million in the same period of 2020[22] - The electronic manufacturing services segment contributed approximately SGD 73.3 million to total revenue, reflecting a year-on-year growth of 148.3%[22] - The original design manufacturing segment generated approximately SGD 2.8 million, with a significant year-on-year increase of 224.1%[22] - Net profit after tax for the first half of 2021 was approximately SGD 4.6 million, demonstrating strong performance despite supply chain disruptions due to COVID-19[19] - Revenue for the six months ended June 30, 2021, was SGD 77,545 thousand, a significant increase of 155.5% compared to SGD 30,387 thousand in 2020[99] - Gross profit for the same period was SGD 12,492 thousand, up from SGD 3,511 thousand in 2020, reflecting a gross margin improvement[99] - Profit before tax increased to SGD 5,505 thousand, compared to SGD 142 thousand in the previous year, indicating a substantial growth in profitability[99] - Net profit for the period was SGD 4,627 thousand, a dramatic rise from SGD 45 thousand in 2020[99] - Total comprehensive income for the period amounted to SGD 6,338 thousand, compared to SGD 606 thousand in the prior year[99] Strategic Initiatives - The company aims to expand its market presence and enhance product offerings through strategic investments in new technologies[11] - Future guidance indicates a continued focus on increasing revenue and profitability, with expectations of further growth in the second half of 2021[11] - The company is actively pursuing opportunities for mergers and acquisitions to bolster its competitive position in the market[11] - New product development initiatives are underway, aimed at leveraging advancements in semiconductor processing equipment[11] - Strategic partnerships are being explored to facilitate market expansion and drive innovation in product development[11] - The company plans to enhance operational efficiency through the implementation of advanced manufacturing technologies[11] - The company plans to continue expanding its electronic manufacturing services and original design manufacturing segments to capture more market share in the semiconductor industry[118] Financial Position - Total assets as of June 30, 2021, were SGD 125.1 million, while total liabilities were SGD 91.0 million[18] - As of June 30, 2021, the group had cash and cash equivalents of approximately SGD 29.9 million, indicating a solid financial position[36] - The net current assets increased from approximately SGD 51.2 million as of December 31, 2020, to approximately SGD 66.5 million as of June 30, 2021, an increase of about SGD 15.4 million[45] - The company’s total assets as of June 30, 2021, were SGD 112,256 thousand, reflecting a growth from SGD 91,025 thousand as of June 30, 2020[104] - The company’s net asset value increased to SGD 112,256 thousand from SGD 88,946 thousand at the end of 2020[102] - The company reported a foreign exchange gain of SGD 1,397 thousand from overseas operations, compared to SGD 561 thousand in the previous year[99] - The company’s total equity increased to SGD 91,293,000 as of June 30, 2021, up from SGD 84,857,000 as of December 31, 2020, representing a growth of approximately 7%[159] Cash Flow and Investments - The net cash flow used in operating activities was approximately SGD 6.2 million, primarily due to an increase in trade and receivables of SGD 14.6 million and inventory of SGD 12.2 million[39] - The net cash flow used in investing activities was approximately SGD 6.3 million, mainly for the acquisition of property, plant, and equipment of SGD 3.7 million and investment securities of SGD 4.2 million[40] - The net cash flow from financing activities was approximately SGD 16.7 million, primarily from net bank loan proceeds of SGD 10.9 million and issuance of ordinary shares of SGD 6.4 million[44] - The company reported a net cash inflow from financing activities of SGD 16,717 thousand, primarily from bank loans, offset by repayments of bank loans and dividends paid[108] - The company’s investment activities resulted in a net cash outflow of SGD (6,295) thousand, primarily due to the purchase of property, plant, and equipment[108] Shareholder Information - The board proposed an interim dividend of SGD 0.13 per share, totaling approximately SGD 1,197,000, to be paid on September 20, 2021[72] - The interim dividend in HKD is calculated at an exchange rate of 1 SGD to 5.64 HKD, resulting in a dividend of HKD 0.73 per share[72] - Key shareholders include Mr. Lin Guocai with 295,653,246 shares (32.12%) and Mr. Du Xiaotang with 13,038,000 shares (1.42%)[79] - The company has granted share options under its share option scheme, with Mr. Lin Guocai holding 3,000,000 options (0.33%)[82] - The company is committed to maintaining transparency and accountability to its shareholders through robust corporate governance practices[73] - The company will suspend share transfer registration from September 6 to September 7, 2021, to facilitate the dividend payment[72] Corporate Governance - The company has complied with all provisions of the corporate governance code[74] - The board will continue to review and improve corporate governance practices to enhance shareholder returns[73] - The audit committee reviewed the unaudited interim condensed consolidated financial statements for the six months ending June 30, 2021[78] Market Conditions and Risks - The group’s operational disruptions were significantly impacted by the COVID-19 pandemic and U.S.-China trade tensions, affecting supply chains and market expansion efforts[53] - The group anticipates that currency fluctuations among Singapore dollars, Chinese yuan, and U.S. dollars will continue to impact profitability and operational performance[67] - The group has adopted a cautious approach towards potential acquisitions due to uncertainties arising from U.S.-China trade tensions and the COVID-19 pandemic[56] Acquisitions - The company acquired a 51.03% stake in Guangkong Puyan, a private equity fund manager focusing on high-tech manufacturing investments[19] - The company acquired a new subsidiary, Guangkong Puyan, which focuses on fund management services and equity securities investment, enhancing its investment segment[118] - Guangkong Puyan contributed revenue of SGD 1,439,000 and a net profit of SGD 512,000 for the six months following the acquisition[142] Fund Management - The group entered into a partnership agreement for the Nanyang Fund with an initial total investment of SGD 12,487,000 (approximately RMB 60,000,000)[173] - The investment amount for the Nanyang Fund was increased to SGD 41,622,000 (approximately RMB 200,000,000) as per the supplemental agreement[173] - The Nanyang Fund is registered in China and will focus on equity investments in the optoelectronic industry, precision equipment manufacturing, information technology, advanced manufacturing, and related sectors[173]

Company Overview - Kinergy Corporation specializes in electronic manufacturing services for semiconductor equipment, with operations in Singapore, China, and the Philippines[6]. - The company reported a focus on low-volume, high-mix production, indicating a diverse range of products tailored to specific customer needs[6]. - Kinergy's original design manufacturing division produces automation equipment, precision tools, and components primarily for the semiconductor industry[8]. - The company operates manufacturing and service facilities in Singapore, China, and the Philippines, with marketing offices in Japan and Malaysia[12]. - Kinergy's product offerings include subsystems, complete machines, and parts for various electronic industries, including medical analysis and industrial equipment[6]. Quality Management - The company has achieved ISO 9001:2015 certification for its quality management system, ensuring high-quality and cost-effective product delivery[12]. - The company emphasizes continuous improvement and resource investment to maintain effective quality management systems[12]. - The company has implemented a quality assurance process throughout procurement, production, and delivery, ensuring compliance with the China Product Quality Law[181]. - The company’s production facilities in Singapore and Nantong have been certified under ISO 9001:2015 quality management system[181]. - The company conducts annual audits of approved suppliers to ensure compliance with social and environmental performance standards[185]. - The company has a one-year warranty for craftsmanship defects on products provided to customers[184]. - The company has established a supplier quality engineering team responsible for supplier qualification assessments[185]. - The company protects customer intellectual property rights in accordance with the Patent Laws of China and Singapore[186]. - The company has a policy in place to ensure that materials used in products do not originate from conflict regions, supporting compliance with the Dodd-Frank Act[185]. Financial Performance - The company's revenue increased by 5.0% to approximately SGD 71.0 million for the fiscal year 2020, compared to SGD 67.6 million in 2019[30]. - The annual loss rose from approximately SGD 1.6 million in 2019 to SGD 2.8 million in 2020, primarily due to weakened customer demand caused by COVID-19[30]. - Gross profit from the original design manufacturing segment decreased by approximately SGD 2.0 million, while R&D expenses increased by approximately SGD 0.5 million, contributing to the annual loss[30]. - The company reported a gross profit of SGD 6.5 million for the fiscal year 2020, down from SGD 8.5 million in 2019[20]. - The company's net loss for the year was approximately SGD 2.8 million, an increase from a net loss of SGD 1.6 million in the previous year, mainly due to reduced gross profit in the original design manufacturing segment[36]. - The total equity attributable to equity holders of the parent company was SGD 87.4 million as of December 31, 2020[18]. - The company anticipates strong demand in 2021, driven by investments made to enhance capabilities and attract new customer segments[40]. Investments and Joint Ventures - The company established a joint venture named KinerTec (Nantong) Co. Ltd. with Techcom Technology Pte Ltd to develop new manufacturing capabilities for precision machinery frames and metal plates[31]. - The company acquired a 51.03% stake in Shanghai Guangkong Puyan Equity Investment Management Co., Ltd., a private equity fund manager, to diversify its revenue and enhance synergy with its main business[31]. - The company made strategic investments, including a joint venture with Techcom Technology to establish a new company focused on precision machinery manufacturing, holding a 60% stake[37]. - The company also invested approximately SGD 10.42 million in Guang控浦燕, acquiring about 51.03% equity, aiming to create synergies in high-end equipment and semiconductor sectors[38]. Management and Governance - The company has a strong management team with diverse backgrounds in finance, investment, and business development[98]. - The management team includes individuals with significant experience in both local and international markets, contributing to strategic decision-making[92]. - The board of directors includes independent members with extensive experience in finance and risk management, ensuring robust governance[95]. - The company emphasizes continuous professional development and training for its directors and senior management[140]. - The board consists of nine members, including four executive directors and three independent non-executive directors, ensuring a diverse and effective governance structure[132]. - The company has adhered to all provisions of the Corporate Governance Code for the year ending December 31, 2020[129]. Employee and Social Responsibility - The company employed a total of 486 full-time employees as of December 31, 2020, across Singapore and Nantong[188]. - The gender distribution of employees is 63% male (305) and 37% female (181)[190]. - Employee age distribution shows 20% (97) are 30 years or younger, 20% (98) are between 30 to 40 years, 36% (176) are between 41 to 50 years, and 24% (115) are 50 years or older[192]. - The company is committed to providing competitive compensation, medical insurance, and other benefits to its employees[200]. - The company ensures equal opportunities for all applicants regardless of race, religion, or age[200]. - The company emphasizes corporate social responsibility and engages in community activities to promote sustainable development[172]. Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to 15%[109]. - New product launches are expected to contribute an additional $200 million in revenue, with a focus on innovative semiconductor technologies[109]. - The company is expanding its market presence in Asia, targeting a 25% increase in market share within the next two years[109]. - The company plans to enhance its digital marketing strategies, aiming for a 40% increase in online engagement[109]. - The company is actively pursuing opportunities for market expansion and potential acquisitions to strengthen its competitive position[112].