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雄岸科技(01647) - 2024 - 年度业绩
GRANDSHORESGRANDSHORES(HK:01647)2024-06-28 10:14

Financial Performance - The company's revenue increased from approximately SGD 57.8 million to about SGD 84.5 million, representing a growth of approximately 46.1%[25] - Gross profit rose from around SGD 9.1 million to approximately SGD 17.7 million, an increase of about SGD 8.6 million or 94.5%[20] - The gross profit margin improved from approximately 15.7% to about 20.9%[25] - The total comprehensive income for the year was SGD 1.36 million, compared to a loss of SGD 7.1 million in the previous year[40] - The company reported a pre-tax profit of SGD 2,012,520 for 2024, compared to a loss of SGD 6,488,488 in 2023, indicating a significant turnaround in profitability[64] - The company reported a profit attributable to owners of SGD 2,209,872 for the year ended March 31, 2024, compared to a loss of SGD 6,428,856 in the previous year, marking a significant turnaround[124] - Basic and diluted earnings per share improved to SGD 0.18 in 2024 from a loss of SGD 0.55 in 2023, indicating a positive shift in earnings performance[64] Revenue Breakdown - Revenue from external customers reached SGD 76,846,901 in 2024, up from SGD 58,144,422 in 2023, reflecting a growth of about 32.2%[55] - Revenue from integrated building services was SGD 56,055,847, up from SGD 48,036,403 in the previous year, representing an increase of approximately 16.7%[79] - Revenue from building construction was SGD 20,791,054, which more than doubled from SGD 10,108,019 in the previous year, indicating an increase of approximately 105.5%[79] - Revenue from integrated building services increased by approximately SGD 8.1 million or 16.9%, from about SGD 48.0 million to approximately SGD 56.1 million[117] - Revenue from building construction services surged by approximately SGD 10.7 million or 105.9%, from about SGD 10.1 million to approximately SGD 20.8 million[117] - The group strategically increased its Bitcoin trading volume, resulting in revenue from digital asset trading rising from zero to approximately SGD 6.7 million[115] Expenses and Liabilities - Administrative expenses increased from around SGD 12.8 million to approximately SGD 15.7 million, an increase of about SGD 2.9 million or 22.7%[27] - The total cost of sales and services increased from approximately SGD 48.7 million to about SGD 66.9 million, an increase of approximately SGD 18.2 million or 37.4%[95] - The group's tax expenses increased from approximately SGD 30,000 to about SGD 393,000, an increase of approximately SGD 363,000 due to higher taxable profits[99] - The company reported a significant increase in trade payables, rising from SGD 7.49 million to SGD 11.41 million[12] - The group’s total liabilities, including loans and borrowings, decreased to approximately SGD 432,000 as of March 31, 2024, down from approximately SGD 512,000 in the previous year[137] - The group’s debt ratio was approximately 0.7% as of March 31, 2024, compared to approximately 0.9% in the previous year[137] Assets and Investments - Non-current assets increased to SGD 18,859,632 in 2024 from SGD 9,636,949 in 2023, showing a growth of approximately 95.5%[55] - The company's total assets minus current liabilities stood at SGD 59,596,729 in 2024, compared to SGD 58,184,260 in 2023, indicating a slight increase[67] - The net asset value rose to SGD 59,346,140 in 2024 from SGD 57,980,710 in 2023, reflecting a growth of about 2.4%[68] - The group recognized a fair value gain of approximately SGD 1.0 million on digital asset inventory, compared to a loss of approximately SGD 0.4 million in the previous year[115] Strategic Plans and Market Outlook - The company plans to expand into a broader range of internet technology-related businesses, including e-commerce, digital media marketing, and artificial intelligence[8] - The company plans to continue its existing core business while investing in new opportunities for expansion and diversification to enhance shareholder value[116] - The total construction demand in Singapore for 2024 is expected to be between SGD 32 billion and SGD 38 billion, with public sector projects contributing approximately 55%[90] - The construction demand is expected to steadily increase, with public projects contributing approximately SGD 190 million to SGD 230 million annually from 2025 to 2028[114] Other Financial Information - The company did not recommend any dividend payment for the fiscal year ending March 31, 2024, consistent with the previous year[17] - The group reported a decrease in other income and losses from a loss of approximately SGD 3.2 million in the previous year to a loss of about SGD 1.0 million in the current year[97] - The group recorded foreign exchange gains of approximately SGD 707,000, compared to a loss of approximately SGD 720,000 in the previous year[138] - The company did not apply any new accounting standards that would have a significant impact on its financial statements for the current and prior years[50] - The group's consolidated financial performance for the review year has been audited by the company's audit committee[145] Management and Governance - The chairman of the board is Mr. Yao Yongjie, while the CEO position remains vacant following Mr. Li Wei's resignation on July 23, 2021[143] - The company and its subsidiaries did not purchase, sell, or redeem any of the company's securities during the review year[144]