China Next-Gen Commerce and Supply Chain Limited 中國新零售供應鏈集團有限公司 股份代號：3928 （於開曼群島註冊成立的有限公司） （前稱 S&T Holdings Limited） 中期報告 Interim Report China Next-Gen Commerce and Supply Chain Limited 中國新零售供應鏈集團有限公司 Stock Code: 3928 (Incorporated in the Cayman Islands with limited liability) (formerly known as S&T Holdings Limited) China Next-Gen Commerce and Supply Chain Limited Interim Report 2025 中期報告 中國新零售供應鏈集團有限公司 C M Y CM MY CY CMY K China Next-Gen Commerce and Supply Chain IR2025 Cover V01_5.5mm.pdf 1 13/6/2025 上午1 ...

Financial Performance - Total revenue for the six months ended March 31, 2025, was SGD 31,956,119, representing an increase of 35.4% compared to SGD 23,625,588 for the same period in 2024[4] - Service revenue increased to SGD 31,678,591, up 35.8% from SGD 23,344,088 year-on-year[4] - Gross profit for the period was SGD 2,839,602, slightly up from SGD 2,753,475, indicating a gross margin improvement[4] - The company reported a pre-tax profit of SGD 413,129, compared to SGD 251,515 in the previous year, reflecting a growth of 64.3%[4] - Basic and diluted earnings per share increased to SGD 0.09 from SGD 0.05, marking an 80% increase[4] - Total segment revenue for construction services was SGD 31,678,591, while property investment revenue was SGD 277,528, leading to total segment revenue of SGD 31,956,119[17] - The company incurred financing costs of SGD 361,629 for the six months ended March 31, 2025, down from SGD 454,307 in the previous year, reflecting a 20.3% decrease[23] - The total employee costs, including directors' remuneration, amounted to SGD 4,415,112, an increase from SGD 3,824,963 in the previous year, representing a 15.4% rise[24] - Other income decreased to SGD 102,767 for the six months ended March 31, 2025, from SGD 217,231 in the same period of 2024, indicating a 52.7% decline[22] - The company did not declare any dividends for the six months ended March 31, 2025, nor for the period following this date[25] Assets and Liabilities - Non-current assets totaled SGD 28,217,793, a decrease from SGD 29,330,320 as of September 30, 2024[5] - Current liabilities decreased to SGD 28,989,138 from SGD 35,184,100, indicating improved liquidity[5] - The company's net asset value increased to SGD 27,587,982 from SGD 27,174,853, showing a positive trend in equity[6] - As of March 31, 2025, the total value of trade receivables is SGD 7,189,863, a decrease from SGD 8,299,673 as of September 30, 2024, reflecting a decline of approximately 13.4%[33] - Contract assets amount to SGD 20,845,505 as of March 31, 2025, down from SGD 23,781,688 as of September 30, 2024, representing a decrease of about 12.9%[36] - The company's total liabilities related to contract assets decreased to SGD 14,588,917 as of March 31, 2025, down from SGD 19,882,389 as of September 30, 2024, indicating a reduction of about 26.7%[36] - The group's trade payables as of March 31, 2025, were SGD 5,354,493, down from SGD 7,067,901 as of September 30, 2024, indicating a reduction of about 24.2%[40] - The total liabilities, including bank overdrafts and borrowings, decreased from SGD 16,333,778 as of September 30, 2024, to SGD 12,607,518 as of March 31, 2025, reflecting a decline of approximately 22.7%[41] - The group's lease liabilities totaled SGD 1,847,588 as of March 31, 2025, compared to SGD 2,230,811 as of September 30, 2024, showing a decrease of around 17.2%[42] Operational Highlights - The company operates primarily in Singapore, with 100% of its revenue generated from this market for the six months ended March 31, 2025[21] - The group continues to focus on expanding its construction services and property investment segments, aiming for further growth in the upcoming periods[13] - The construction services segment generated revenue of 31.678 million SGD in FY2025, accounting for 99.1% of total revenue, compared to 23.344 million SGD or 98.8% in FY2024[55] - The expected nominal value of total construction demand in Singapore for 2025 is projected to be between 47 billion SGD and 53 billion SGD, with real value demand estimated between 35 billion SGD and 39 billion SGD, reflecting a growth of 0.3% to 11.7% compared to pre-COVID levels[53] - The company plans to enhance productivity, technical capabilities, financial management, and team skills to strengthen its core competencies and adapt to changing market demands[53] Employee and Management Costs - The remuneration for directors and key management personnel for the six months ended March 31, 2025, was SGD 599,800, significantly higher than SGD 130,400 for the same period in 2024[45] - The group employed 191 employees as of March 31, 2025, with total employee costs amounting to approximately SGD 4.4 million for the first half of the fiscal year, compared to SGD 3.8 million in the same period last year[80] Investment and Capital Structure - The company holds significant investments in properties, with a total investment cost of approximately SGD 8.12 million and a fair value of approximately SGD 11.46 million, representing 18.1% of total assets as of March 31, 2025[76] - The group has a total investment cost of SGD 4,985,271 and a fair value of SGD 4,250,000 for its major investment property, representing 6.7% of the group's total assets[77] - The debt-to-equity ratio improved to approximately 52.4% as of March 31, 2025, compared to approximately 68.3% as of September 30, 2024[70] - The company had total bank borrowings and lease liabilities of approximately SGD 14.5 million as of March 31, 2025, down from approximately SGD 18.6 million as of September 30, 2024[68] Governance and Compliance - The group has complied with the corporate governance code as per the listing rules during the first half of the fiscal year[84] - The audit committee reviewed the group's unaudited interim results for the first half of the fiscal year and found them to comply with applicable accounting standards and regulations[87] - The company has not conducted any significant post-reporting period events following March 31, 2025[83]

Financial Performance - The company's revenue for the fiscal year ending September 30, 2024, was approximately SGD 56.0 million, a slight decrease from SGD 56.1 million in the previous year, indicating stability in a challenging environment[15]. - Total revenue for the fiscal year ending September 30, 2024, is approximately SGD 56.0 million, a slight decrease of about SGD 0.1 million or 0.2% from SGD 56.1 million for the previous fiscal year[29]. - Gross profit increased from approximately SGD 3.8 million for the fiscal year ending September 30, 2023, to approximately SGD 4.8 million for the fiscal year ending September 30, 2024, reflecting improved cost control on construction projects[29]. - Net loss decreased from approximately SGD 1.0 million for the fiscal year ending September 30, 2023, to approximately SGD 0.8 million for the fiscal year ending September 30, 2024, primarily due to increased gross profit and gross margin[29]. - Other income rose from approximately SGD 0.2 million to approximately SGD 0.3 million, primarily due to an increase in rental income from leased equipment[37]. - Other gains and losses decreased from approximately SGD 3.3 million to approximately SGD 0.8 million, mainly due to a reduction in net gains from the sale of properties, plants, and equipment[38]. - Administrative expenses increased from approximately SGD 5.7 million to approximately SGD 6.0 million, primarily due to an increase in professional fees[40]. - The group's net loss for the year decreased by approximately SGD 0.2 million or 20.0%, from approximately SGD 1.0 million to approximately SGD 0.8 million[46]. - As of September 30, 2024, the group's cash and cash equivalents amounted to approximately SGD 6.1 million, down from SGD 8.3 million as of September 30, 2023[52]. - The debt-to-equity ratio improved to approximately 68.3% as of September 30, 2024, compared to 69.7% as of September 30, 2023, due to a decrease in bank borrowings[53]. - The company has approximately SGD 7.7 million available for distribution to shareholders, down from SGD 8.5 million as of September 30, 2023[177]. - The board has decided not to recommend a final dividend for the year ending September 30, 2024, consistent with the previous year[179]. Construction Industry Outlook - Singapore's construction demand is projected to increase by approximately 20.02% from SGD 341.6 million in 2023 to SGD 410.0 million in 2024, driven by government initiatives and infrastructure investments[14]. - The company maintains a cautiously optimistic outlook for profit recovery and business growth, anticipating a resurgence in the construction industry in the medium to long term[15]. - The outlook for the construction industry remains cautiously optimistic despite inflationary pressures on materials, labor, and subcontracting costs[20]. - The construction industry in Singapore recorded a year-on-year growth of 3.7% in 2023, driven by increased public sector construction output[19]. - The Building and Construction Authority forecasts total construction demand in 2024 to be between SGD 32 billion and SGD 38 billion, with the public sector accounting for approximately 55%[20]. Company Strategy and Operations - The company aims to enhance its technical capabilities and financial management to strengthen competitiveness and productivity[15]. - The company plans to enhance productivity and technical capabilities to strengthen its core business strategy and improve competitiveness[24]. - The company has identified a strategy to build a portfolio of investment properties to create a stable income source and mitigate risks associated with the construction industry[63]. - The company is focused on developing new technologies and products to enhance its operational capabilities and market position[81]. - The company plans to continue its market expansion efforts and explore potential mergers and acquisitions to strengthen its competitive edge[81]. - The main business activities include construction services, property investment, and logistics related to construction materials, with no significant changes reported for the year ending September 30, 2024[168]. Corporate Governance - The company has adhered to the corporate governance code as per the listing rules, ensuring compliance for the year ending September 30, 2024[110]. - The company emphasizes long-term sustainable growth and value creation for shareholders through effective corporate governance structures[109]. - The independent non-executive directors are responsible for providing independent judgment on strategy, performance, resources, and ethical standards[101]. - The company has a commitment to maintaining high standards of corporate governance, adopting all provisions of the corporate governance code as part of its regular practices[110]. - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse governance structure[112]. - The board has reviewed the effectiveness of the corporate governance code compliance and risk management systems during the year[112]. - The company has established a remuneration committee to review and approve the remuneration policies for directors and senior management, ensuring transparency and alignment with market practices[127]. - The nomination committee is responsible for evaluating the board's structure and recommending suitable candidates for board positions, ensuring a diverse and skilled board composition[133]. - The company has adopted the standard code of conduct for securities trading by directors, confirming full compliance throughout the year[126]. Risk Management - The company has a strong focus on risk assessment and management, enhancing its understanding of opportunities and challenges in the market[109]. - The board has confirmed its responsibility to maintain an effective risk management and internal control system, which is reviewed annually for effectiveness[154]. - The group has implemented written policies and procedures to define authorization limits, aiding in the effective separation of duties and control[154]. - The company has engaged external consultants to perform internal audit functions and assess the effectiveness of the risk management and internal control systems[154]. - The company has established measures to mitigate identified risks, aiming to manage rather than eliminate risks associated with achieving business objectives[151]. - The board has acknowledged the major risks and uncertainties faced by the group, detailed in the management discussion and analysis section of the annual report[182]. Human Resources - The company has a total of 184 employees as of September 30, 2024, with total employee costs amounting to approximately 8.2 million SGD, compared to 8.1 million SGD for the previous year[69]. - As of September 30, 2024, the gender ratio within the company's workforce is 93% male and 7% female[150]. - The board currently consists of five male directors and one female director, which the board considers sufficient for gender diversity[149]. - The company is committed to providing equal employment, training, and career development opportunities to all qualified employees[150]. Shareholder Matters - The company completed the sale of 360 million shares for a total cash consideration of 100 million HKD, representing 75.0% of its issued share capital[75]. - Following the completion of the share sale, the buyer holds approximately 78.4% of the company's issued share capital[76]. - The net proceeds from the share placement amounted to approximately HKD 86.3 million (equivalent to about SGD 15.2 million) after deducting listing expenses[81]. - The company has utilized all of the net proceeds from the share placement by September 30, 2024, with allocations including HKD 36.4 million for strengthening the group's financial position and HKD 36.3 million for enhancing the fleet[81]. - The company has no predetermined dividend payout ratio, allowing the board discretion in declaring dividends based on various financial factors[178]. Board Changes - The company changed its name from "S&T Holdings Limited" to "China Next-Gen Commerce and Supply Chain Limited," effective from December 31, 2024[82]. - The board of directors saw a change with the resignation of an independent non-executive director and the appointment of a new independent non-executive director to enhance gender diversity[86]. - The company appointed Mr. Luo Jia Rong as a non-executive director on September 25, 2024, bringing 9 years of experience in finance and management consulting[96]. - Mr. Tan De Ji, appointed as an independent non-executive director on September 25, 2024, has over 30 years of professional accounting experience and previously served as a financial director at an international law firm for 9 years[97]. - The company has appointed new executive directors, effective September 25, 2024, including Mr. He Zhikang and Mr. Zhang Tiande[122]. - Independent non-executive directors have been appointed with terms starting from September 25, 2024, for a duration of three years[137].

綜合財務報表以新加坡元（「新元」）列報，其亦為本公司的功能貨幣。 於本年度，本集團已於編製綜合財務報表時首次應用以下由國際會計準則理事會（「國 際會計準則理事會」）頒佈且於本集團於二零二三年十月一日或之後開始的年度期間強 制生效的新訂及經修訂國際財務報告準則： 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內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 中國新零售供應鏈集團有限公司 China Next-Gen Commerce and Supply Chain Limited （前稱S&T Holdings Limited） （於開曼群島註冊成立的有限公司） （股份代號：3928） 截至二零二四年九月三十日止年度之 全年業績公告 中國新零售供應鏈集團有限公司（「本公司」）董事（「董事」）會（「董事會」）公佈 本公司及其附屬公司（統稱「本集團」）截至二零二四年九月三十日止年度的經 審核綜合業績（「全年業績」），連同截至二零二三年九月三十日止年度的比較 數字。 – 1 – 綜合損益及其他全面收入表 截 ...

Financial Performance - Total revenue for the six months ended March 31, 2024, was SGD 23,625,588, a decrease of 26% compared to SGD 31,885,141 for the same period in 2023[73]. - Gross profit increased to SGD 2,753,475, up 54% from SGD 1,786,156 in the previous year[73]. - The company reported a profit before tax of SGD 251,515, compared to SGD 27,111 in the same period last year[73]. - Basic and diluted earnings per share were SGD 0.05, down from SGD 0.06 in the previous year[73]. - The company reported a net profit of 11,329,147 SGD for the six months ending March 31, 2024, compared to 11,213,368 SGD for the same period in 2023[150]. - Other income increased to SGD 217,231 from SGD 99,359 in the previous year, reflecting a growth of 118%[73]. - The company reported a net cash from operating activities of SGD 2,376,155, compared to SGD 2,100,251 for the same period in 2023, reflecting an increase of about 13.14%[104]. Assets and Liabilities - As of March 31, 2024, total assets amounted to 28,031,698 SGD, a decrease from 30,211,039 SGD as of September 30, 2023[147]. - The company's non-current assets increased to SGD 27,917,051 as of March 31, 2024, up from SGD 27,797,849 as of September 30, 2023, reflecting a growth of approximately 0.43%[101]. - Total liabilities decreased to SGD 26,463,623 from SGD 27,323,859, showing a reduction of approximately 3.15%[101]. - The group’s total liabilities decreased from SGD 16,124,056 to SGD 15,095,284, a reduction of approximately 6.4%[177]. - Non-current liabilities, including bank loans, decreased to SGD 4,063,249 from SGD 4,812,549 year-over-year[76]. - Cash and cash equivalents at the end of the period were SGD 8,546,790, compared to SGD 8,804,534 at the end of the previous year[81]. Investments and Capital Expenditures - The group purchased property, plant, and equipment amounting to approximately SGD 1.4 million in the first half of FY2024, a significant increase from approximately SGD 15,000 in the first half of FY2023[22]. - The company has no future plans for significant investments or capital assets as of March 31, 2024[35]. - The total amount allocated for enhancing the company's financial position from the net proceeds was SGD 36.4 million, with SGD 21.8 million initially planned[39]. - The company has not granted, agreed to grant, exercised, cancelled, or forfeited any share options under the share option scheme since its adoption in August 2019[58]. Employee and Administrative Costs - As of March 31, 2024, the total employee cost for the first half of the fiscal year was approximately SGD 3.8 million, a decrease from SGD 3.9 million in the same period of 2023[36]. - The total employee count decreased to 182 as of March 31, 2024, down from 197 a year earlier[36]. - The company reported a decrease in administrative expenses to SGD 432,790 for the first half of 2024, down from SGD 490,604 in the previous year[65]. - The total employee costs, including director remuneration, amounted to SGD 3,824,963 for the first half of 2024, slightly down from SGD 3,890,412 in the same period of 2023[65]. Dividends and Shareholder Information - The group did not declare an interim dividend for the first half of FY2024, consistent with the first half of FY2023, which also had no dividend declared[9]. - The company’s board member, Mr. Fang, holds a controlled corporation interest of 360,000,000 shares, representing 75% of the issued share capital[42]. Credit Loss Provisions and Receivables - The expected credit loss provision for financial assets and contract assets increased from approximately SGD 40,000 in the first half of FY2023 to about SGD 160,000 in the first half of FY2024, primarily due to a slight improvement in the economic environment compared to the previous year[6]. - Trade receivables decreased to SGD 4,124,880 from SGD 4,475,803, indicating a reduction of about 7.85%[101]. - Expected credit loss provisions for trade receivables improved to SGD 292,109 from SGD 393,188, indicating a decrease of about 25.7%[170]. - Contract assets, net of loss provisions, amounted to SGD 19,953,590 as of March 31, 2024, down from SGD 20,571,767, a decline of approximately 3%[172]. Other Financial Metrics - The company recorded a net cash outflow from financing activities of SGD 1,579,681, an improvement from SGD 6,737,872 in the previous year[81]. - The financing costs decreased to 454,307 SGD in 2024 from 554,261 SGD in 2023, reflecting a reduction of about 18%[141]. - The company did not incur any taxable profits in Singapore for the six months ending March 31, 2024, resulting in no provision for corporate income tax[149]. - The company made tax adjustments of (253,141) SGD related to prior years' excess provisions refunded by the Singapore tax authorities[150].

Financial Performance - Total revenue for the six months ended March 31, 2024, was SGD 23,625,588, a decrease of 26% compared to SGD 31,885,141 for the same period in 2023[14] - Gross profit for the period was SGD 2,753,475, representing a significant increase from SGD 1,786,156 in the previous year[14] - The company reported a net profit of SGD 251,515 for the six months ended March 31, 2024, compared to SGD 280,252 in the same period last year, reflecting a decrease of approximately 10%[14] - Earnings per share for the period was SGD 0.05, down from SGD 0.06 in the previous year[14] - Revenue from construction services was SGD 23,344,088, a decline of 26% from SGD 31,608,291 in the prior year[32] - Revenue from property investment increased slightly to SGD 281,500 from SGD 276,850, marking a growth of approximately 1%[32] - The total segment revenue for the six months ended March 31, 2024, was 23,625,588 SGD, down from 31,885,141 SGD in the previous year, reflecting a decline of approximately 26%[55] - The company reported a pre-tax profit of 251,515 SGD for the six months ended March 31, 2024, compared to 27,111 SGD in the same period of 2023[59] - The group's net profit for the first half of fiscal year 2024 remained stable compared to the first half of fiscal year 2023, primarily due to improved cost control on ongoing projects and higher profit margins from other supporting services[145] - The group's net profit for the first half of FY2024 and FY2023 was approximately 0.3 million SGD[185] Assets and Liabilities - The company’s total liabilities decreased to SGD 7,736,976 from SGD 8,329,806 as of September 30, 2023[24] - Non-current assets increased to SGD 28,210,521 from SGD 27,959,006, indicating a growth in asset value[24] - The company's total current assets decreased to SGD 34,494,069 from SGD 35,814,822 as of September 30, 2023[47] - Current liabilities were reported at SGD 26,463,623, down from SGD 27,323,859 as of September 30, 2023[47] - The company’s total liabilities decreased to SGD 26,463,623 from SGD 27,323,859 as of September 30, 2023[47] - The company’s total assets less current liabilities amounted to SGD 35,947,497, down from SGD 36,288,812 as of September 30, 2023[47] - The company's non-current liabilities related to bank loans were 4,063,249 SGD as of March 31, 2024, compared to 4,812,549 SGD as of September 30, 2023, showing a decrease of approximately 15.6%[83] - The total trade receivables as of March 31, 2024, were 4,124,880 SGD, down from 4,475,803 SGD as of September 30, 2023, representing a decline of about 7.8%[101] - The company’s contract assets, net of loss provisions, were reported at 19,953,590 SGD as of March 31, 2024, compared to 20,571,767 SGD as of September 30, 2023, reflecting a decline of approximately 3.0%[102] Employee and Compensation - The company continues to review its employee compensation policies to ensure competitiveness and retention of high-quality staff[10] - Total employee costs, including directors' remuneration, amounted to 3,824,963 SGD for the six months ended March 31, 2024, compared to 3,890,412 SGD in the same period of 2023[67] - As of March 31, 2024, the group employed 182 staff members, a decrease from 197 staff members as of March 31, 2023[199] - The total employee costs for the first half of the fiscal year 2024 amounted to approximately 3.8 million SGD, slightly down from 3.9 million SGD in the first half of fiscal year 2023[199] Cash Flow and Financing - The company has not recognized any taxable profits in Singapore for the six months ended March 31, 2024, thus no provision for Singapore corporate income tax was made[41] - The interest expenses for bank loans and overdrafts decreased to 434,303 SGD for the six months ended March 31, 2024, down from 522,799 SGD for the same period in 2023, a reduction of about 17.0%[87] - The group maintains a prudent cash and financial management policy, with cash primarily denominated in SGD and HKD, and closely monitors foreign exchange risks[160] - As of March 31, 2024, the group had bank borrowings of approximately 6.2 million SGD, down from approximately 6.9 million SGD as of September 30, 2023[161] - The debt-to-equity ratio as of March 31, 2024, was approximately 67.0%, down from 69.7% as of September 30, 2023, primarily due to a decrease in bank borrowings[190] - The group has pledged approximately 0.5 million SGD in bank deposits and various properties valued at approximately 21.4 million SGD to secure bank financing[191] Market Outlook and Strategy - The construction demand in Singapore for 2023 reached 33.8 billion SGD, exceeding the forecast of 27.0 billion SGD, with expectations for 2024 demand between 32.0 billion SGD and 38.0 billion SGD[124] - The company remains cautiously optimistic about profit recovery and business growth despite challenges from the post-COVID-19 environment and rising costs[125] - The company anticipates that the construction industry will regain momentum in the medium to long term[125] - The construction demand in the private sector for 2024 is projected to be between 14 billion SGD and 17 billion SGD, driven mainly by residential projects under government land sales and the expansion of two integrated resorts[147] - The group continues to focus on enhancing core competencies through productivity improvements, technical capabilities, financial management, and team skill enhancement[174] - The group aims to establish a stable and recurring revenue source through a diversified investment property portfolio, while mitigating risks associated with potential changes in the construction industry[197] Dividends and Shareholder Returns - The company did not declare any dividends for the six months ended March 31, 2024[42] - The board has decided not to declare an interim dividend for the first half of fiscal year 2024, compared to zero SGD in the first half of fiscal year 2023[158] Other Income and Expenses - Government grants received increased to 22,644 SGD from 19,238 SGD year-over-year[62] - The group's other income increased from approximately 0.1 million SGD in the first half of fiscal year 2023 to approximately 0.2 million SGD in the first half of fiscal year 2024, mainly due to increased rental income from leased equipment[153] - Other income decreased from approximately 1.4 million SGD in the first half of FY2023 to about 0.1 million SGD in the first half of FY2024, primarily due to a reduction in net gains from the sale of properties, plants, and equipment by approximately 2.2 million SGD[180] - Administrative expenses decreased from approximately 2.8 million SGD in the first half of FY2023 to about 2.6 million SGD in the first half of FY2024, mainly due to a reduction in professional fees by approximately 0.2 million SGD[181] - The expected credit loss provision for financial assets and contract assets increased from approximately 40,000 SGD in the first half of FY2023 to about 160,000 SGD in the first half of FY2024, attributed to a slight improvement in the economic environment[182] - Financing costs decreased from approximately 0.6 million SGD in the first half of FY2023 to about 0.5 million SGD in the first half of FY2024, mainly due to a reduction in bank borrowings[183]

Financial Performance - As of September 30, 2023, the group has an order book of approximately SGD 133.9 million[38] - The group successfully secured new projects valued at approximately SGD 43.4 million during the fiscal year ending September 30, 2023[38] - The overall financial condition of the group remains robust, allowing continued operations in a challenging environment[38] - Revenue decreased to SGD 56.06 million in 2023 from SGD 67.10 million in 2022, a decline of 16.1%[103] Environmental Management - The overall greenhouse gas emissions density increased by 1.6% to 0.0743 tons per million SGD in revenue during the reporting period[77] - The total construction waste generated decreased significantly from 230.49 tons in 2022 to 65.42 tons in 2023, indicating improved waste management practices[63] - The company achieved a paper waste reduction from 0.82 tons in 2022 to 0.59 tons in 2023, reflecting enhanced resource efficiency[63] - The company maintained zero violations of local laws and regulations regarding waste management during the reporting period[62] - The company aims to achieve a zero violation target for waste handling and disposal in the next reporting period[54] - The company continues to monitor and review its environmental management system to ensure compliance with ISO 14001:2005 standards[75] - The company has implemented measures to reduce direct and indirect greenhouse gas emissions from its operations[80] - The air emissions density increased to 0.0743 tons per million SGD in revenue, attributed to increased use of in-house resources for construction projects[77] - Greenhouse gas emissions intensity decreased by 10.3% from 63.87 tons CO2 equivalent per million SGD revenue to 57.31 tons CO2 equivalent per million SGD revenue[81] - Scope 2 greenhouse gas emissions intensity increased by 52.8% from 0.36 tons CO2 equivalent per million SGD revenue to 0.55 tons CO2 equivalent per million SGD revenue[81] - Energy consumption intensity reduced by approximately 10.5% to 234,738 kWh per million SGD revenue[89] - The company aims to reduce total waste emissions intensity by 5% in the next reporting period[84] - The company recognizes the importance of water resource sustainability and aims to minimize water usage and manage water quality[86] - The company has implemented measures to reduce raw material waste in daily operations[92] - All construction waste is handled by subcontractors in compliance with local laws and regulations[85] - The company has adopted solar-powered machinery and energy-efficient office equipment[88] Employee Relations and Development - The company emphasizes the importance of maintaining good relationships with employees through competitive compensation and benefits[18] - The company emphasizes employee development and has established policies to support a positive work environment[95] - The company ensures fair dismissal policies in compliance with local regulations[97] - Employee turnover rate in Singapore was 31.4% in 2023, up from 27.0% in 2022, indicating a 4.4 percentage point increase[117] - The workforce consisted of 183 full-time employees in 2023, down from 200 in 2022, representing a decrease of 8.5%[114] - The company provides various employee benefits, including medical reimbursements and interest-free loans for those facing financial difficulties[119] - The average training hours for male employees increased by approximately 14% from 8.6 hours in 2022 to 9.8 hours in 2023, while female employees' average training hours decreased by about 42% from 6.2 hours to 3.6 hours[157] - The company aims to achieve a workplace fatality rate of zero in the next reporting period and to reduce work-related lost days to less than 200 by the fiscal year 2024[129] - 100% of senior and middle management employees received training in 2023, while 60% of other employees were trained[131] - The company is committed to providing continuous education scholarships for employees pursuing courses related to their job scope or the company's goals[144] - The company recognizes the importance of competitive employee compensation and regularly reviews its remuneration policies to ensure competitiveness[140] - The number of work-related incidents reported included only minor injuries, with no fatalities recorded from 2018 to 2023[153] - The company encourages employees to enhance their skills through external training and provides funding for such courses[129] - The company aims to increase the percentage of trained male and female employees by 3% in the next reporting period[131] Corporate Governance and Social Responsibility - The board is committed to navigating through challenges and appreciates the support from shareholders and business partners[39] - The group has established a formal quality management system and has been certified under ISO 9001:2015[162] - The group actively collaborates with approximately 352 recognized suppliers, with 100% of procurement conducted locally in Singapore[185] - The group aims to maintain zero undisclosed conflicts of interest and zero reported incidents[181] - The group emphasizes the importance of customer feedback and has established formal guidelines for handling feedback[191] - The group does not rely on controlling shareholders or their affiliates for operational resources from suppliers[186] - The group has a commitment to corporate social responsibility and community investment[176] - The group provided a total of SGD 2,345 in sponsorship for local community charitable activities during the reporting period[196] - The group participated in a total of 210 hours of volunteer service, including events with the Singapore Association of the Visually Handicapped and celebrations for Lunar New Year and Christmas[196] - The board and management are committed to maintaining high standards of corporate governance and strong internal controls to enhance shareholder value[197] Compliance and Risk Management - The group has not engaged in any related party transactions or continuous related party transactions during the fiscal year[11] - The company has not purchased, sold, or redeemed any listed securities during the fiscal year ending September 30, 2023[3] - The group has not been aware of any violations of the Personal Data Protection Act during the reporting period[174] - The group has implemented measures to ensure compliance with local labor laws, prohibiting child and forced labor[183] - The group has a formal process for monitoring supplier performance to prevent commercial bribery and discrimination[186]

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內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 S&T Holdings Limited （於開曼群島註冊成立的有限公司） （股份代號︰3928） 截 至 二 零 二 三 年 九 月 三 十 日 止 年 度 之 全 年 業 績 公 告 S&T Holdings Limited（「本公司」）董事（「董事」）會（「董事會」）公佈本公司及其附屬 公司（「本集團」）截至二零二三年九月三十日止年度的經審核綜合業績（「全年業 績」），連同截至二零二二年九月三十日止年度的比較數字。 ...

Revenue Performance - The total revenue for the construction services segment increased to SGD 31,608,291 for the six months ended March 31, 2023, compared to SGD 30,452,505 for the same period in 2022, representing a growth of approximately 3.8%[7] - The property investment segment reported revenue of SGD 276,850, a decrease from SGD 292,400 in the previous year, reflecting a decline of about 5.3%[7] - The group's total revenue for the six months ended March 31, 2023, was SGD 31,885,141, compared to SGD 30,744,905 in the same period of 2022, indicating an overall increase of approximately 3.7%[7] - Total revenue for the six months ended March 31, 2023, was SGD 31,885,141, an increase of 3.7% from SGD 30,744,905 in the same period of 2022[53] - Total revenue for the six months ended March 31, 2023, increased to approximately SGD 31.9 million from SGD 30.7 million for the same period in 2022, representing a growth of about 3.9%[136] Profitability - The net profit before tax for the period was SGD 27,111, a significant recovery from a loss of SGD 2,795,857 in the previous year[7] - For the six months ended March 31, 2023, the company reported a profit attributable to owners of SGD 280,252, compared to a loss of SGD 2,835,155 in the same period of 2022, marking a significant turnaround[46] - Gross profit for the period was SGD 1,786,156, significantly up from SGD 641,341 in the previous year, reflecting a gross margin improvement[53] - The company reported a pre-tax profit of SGD 27,111 for the six months ended March 31, 2023, a significant recovery from a loss of SGD 2,795,857 in the previous period[76] - The net profit for the first half of fiscal year 2023 was approximately 0.3 million SGD, a turnaround from a net loss of about 2.8 million SGD in the first half of fiscal year 2022, representing an increase of approximately 3.1 million SGD[166] Expenses and Cost Management - Other income decreased to SGD 99,359 from SGD 549,184, primarily due to a reduction in government grants and miscellaneous income[7] - Administrative expenses decreased to SGD 2,767,206 from SGD 4,001,302, reflecting cost-cutting measures implemented by the company[7] - Total employee costs, including directors' remuneration, decreased to SGD 3,890,412 from SGD 4,241,981, reflecting a reduction of approximately 8.3% year-over-year[43] - Material costs recognized as service costs increased significantly to SGD 8,228,278 from SGD 4,534,551, representing an increase of approximately 81.5%[43] - The total cost of materials recognized as service costs was SGD 16,888,235, down from SGD 20,959,189, indicating a decrease of about 19.7%[43] Asset and Liability Management - Non-current assets decreased to SGD 27,711,605 from SGD 31,947,656, primarily due to depreciation and asset disposals[54] - Current liabilities reduced to SGD 26,936,453 from SGD 30,222,725, indicating improved liquidity management[54] - Total assets less current liabilities stood at SGD 38,455,727, down from SGD 43,217,178, reflecting a strategic focus on asset management[54] - The company's net asset value increased to SGD 29,276,369 from SGD 28,996,117, indicating a stable financial position[57] - The company's bank borrowings amounted to 12,894,783 SGD as of March 31, 2023, down from 18,429,125 SGD a year earlier, indicating a reduction of approximately 30%[100] Cash Flow and Financing - The net cash generated from operating activities for the six months ended March 31, 2023, was SGD 2,100,251, compared to SGD 2,363,491 in the same period of 2022, indicating a decline of 11.1%[76] - The company's financing activities resulted in a net cash outflow of 6,737,872 SGD for the six months ended March 31, 2023, compared to 3,084,940 SGD in the previous year, indicating a significant increase in cash used for financing[93] - The debt-to-equity ratio as of March 31, 2023, was approximately 65.7%, a significant decrease from 87.6% as of September 30, 2022, primarily due to a reduction in bank loans[185] Market and Operational Insights - The company’s operations are primarily based in Singapore, with 100% of total revenue generated from this market for the six months ended March 31, 2023[11] - The construction sector in Singapore is projected to have a contract value between SGD 27 billion and SGD 32 billion in 2023, with public sector demand expected to account for approximately 60%[150] - The company remains cautiously optimistic about its profitability and growth due to competitive bidding, geopolitical tensions, and inflationary pressures on materials and labor[151] - The construction industry experienced a growth of 8.5% year-on-year in Q1 2023, continuing the previous quarter's growth of 10%[137] Strategic Initiatives - The company plans to enhance operational efficiency by selecting suitable enterprise resource planning system vendors[138] - The company aims to strengthen its core competencies through improved productivity and technical capabilities to enhance its competitive advantage in bidding and delivering new construction projects[151] - The company has not reported any significant new product developments or market expansions during this period[19] Dividends and Shareholder Returns - The company did not declare any dividends for the six months ended March 31, 2023, nor for the same period in 2022[45] - The company did not declare an interim dividend for the first half of fiscal year 2023, compared to no dividend declared in the same period of fiscal year 2022[167]

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內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 S&T Holdings Limited （於開曼群島註冊成立的有限公司） （股份代號︰3928） 截 至 二 零 二 三 年 三 月 三 十 一 日 止 六 個 月 之 中 期 業 績 公 告 S&T Holdings Limited（「本公司」）董事（「董事」）會（「董事會」）公佈本公司及其附屬 公司（以下統稱「本集團」）截至二零二三年三月三十一日止六個月之未經審核 簡明綜合中期業績連同二零二二年同期之比較數字。 中期簡明綜合損益及其他全面收入表 截至二零二三年三月三十一日止六個月 截至三月三十一日止六個月 二零二三年 二零二二年 附註 新元 新元 （未經審核） （未經審核） 收益 服務 4 31,608,291 30,452,505 租金 4 276,850 292,400 總收益 31,885,141 30,744,905 服務成本 (30,098,985) (30,103,564) ...