Financial Performance - For the fiscal year ending June 30, 2019, the company's revenue increased by 44.2% to approximately SGD 48.6 million, compared to SGD 33.7 million for the previous year[12]. - Gross profit rose by 47.7% to approximately SGD 9.6 million, with a gross margin of 19.8%, up from 19.3% in the previous year[15]. - Net profit increased by 5.7% to approximately SGD 3.7 million, compared to SGD 3.5 million for the previous year[15]. - Total revenue increased from approximately SGD 33.7 million for the year ended June 30, 2018, to approximately SGD 48.6 million for the year ended June 30, 2019, representing a growth of about 44.2%[18]. - Revenue from public sector projects significantly increased by approximately SGD 11.4 million or 37.2%[18]. - Gross profit for the year ended June 30, 2019, was approximately SGD 9.6 million, up about 47.3% from approximately SGD 6.5 million for the year ended June 30, 2018[22]. - The gross profit margin for the year ended June 30, 2019, was approximately 19.8%, slightly up from 19.3% in the previous year[22]. - The net profit attributable to owners increased from approximately SGD 3.5 million for the year ended June 30, 2018, to approximately SGD 3.7 million for the year ended June 30, 2019, reflecting a growth of about 5.7%[28]. - Other income decreased to approximately SGD 0.2 million for the year ended June 30, 2019, from approximately SGD 0.3 million in the previous year[23]. - The company had no financing costs for the year ended June 30, 2019, compared to approximately SGD 39,000 in the previous year[26]. - The company reported a total distributable reserve of approximately SGD 12.8 million as of June 30, 2019, compared to SGD 9.2 million in 2018, representing a year-over-year increase of 39.1%[116]. Projects and Contracts - The company has a total of 43 projects with an estimated contract value of approximately SGD 111.5 million as of June 30, 2019, of which SGD 48.6 million has been recognized as revenue[13]. - The company anticipates a brief growth in the Singapore construction industry, followed by a decline in 2020 due to global economic recession risks[13]. - The company specializes in providing electrical engineering solutions, which are crucial for ensuring the functionality and compliance of electrical systems in new developments and renovations[12]. - The company has a strong track record in public housing projects initiated by the Housing Development Board of Singapore[12]. - The company emphasizes the importance of delivering quality work and fulfilling commitments to all awarded projects[9]. Employee and Administrative Information - As of June 30, 2019, the group employed 191 employees, an increase from 181 employees in 2018[40]. - Total employee costs for the year ended June 30, 2019, were approximately SGD 6.0 million, up from approximately SGD 4.7 million in 2018[40]. - Administrative expenses increased by approximately 44.9% to about SGD 2.4 million for the year ended June 30, 2019, compared to approximately SGD 1.7 million for the previous year[25]. - The company regularly reviews its employee compensation policies to attract and retain high-quality staff[40]. - The group provides comprehensive training to employees to equip them with practical knowledge and skills[40]. Corporate Governance - The company is committed to high standards of corporate governance, having adopted all provisions of the corporate governance code as per the listing rules[64]. - The company has appointed three independent non-executive directors, including Ms. Chen Peifen, Mr. Yang Guang, and Mr. Han Zhenqiang, to provide independent judgment to the board[53][54][57]. - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced governance structure[68]. - The company has established committees, including the audit committee and remuneration committee, to support governance and oversight functions[64]. - The company has confirmed compliance with the standard code of conduct for securities trading by all directors since the listing date[66]. - The company has adopted a board diversity policy to enhance board effectiveness and performance by considering various factors such as gender, age, and experience[90]. - The company ensures compliance with corporate governance codes and has published its governance policies on its website[78]. Risk Management - The company has a structured approach to risk management and internal control, which is reviewed regularly by the board[67]. - The board confirmed its responsibility to maintain an effective risk management and internal control system to safeguard shareholder interests[94]. - The group aims to identify, assess, and manage key business risks through a structured risk management policy, with quarterly evaluations of major risks[95]. - The board reviewed the effectiveness of the risk management and internal control systems and deemed them effective and adequate[98]. - The company has engaged external consultants to perform internal audit functions and review the effectiveness of its risk management and internal control systems[98]. Environmental and Social Responsibility - The company has implemented an environmental management system that complies with ISO 14001:2004 to enhance environmental awareness and prevent pollution from projects[170]. - During the reporting period, the company reported no significant violations of environmental laws and regulations[175]. - The company has a commitment to occupational health and safety management, adhering to OHSAS 18001:2007 standards[170]. - The health and safety management system of the group is certified to meet the OHSAS 18001 standard and has achieved the highest bizSAFE Level Star certification[193]. - The group conducts regular risk assessments regarding workplace safety and health risks as per the Workplace Safety and Health (Risk Management) regulations[193]. - The group provides comprehensive support and on-site training for employees to ensure their safety and career development[195]. Shareholder Information - The company has successfully listed on the Hong Kong Stock Exchange on July 5, 2019, raising approximately HKD 95 million from the issuance of 250 million shares[8]. - The net proceeds from the share offering were approximately HKD 95.0 million after deducting listing expenses[46]. - The allocation of net proceeds includes SGD 40.6 million (42.7%) for acquiring a registered air conditioning contractor, SGD 14.5 million (15.3%) for hiring additional staff, and SGD 10.4 million (10.9%) for expanding properties[47]. - The company did not recommend a final dividend for the year ended June 30, 2019, compared to SGD 3.0 million in the previous year[30]. - No arrangements were made for directors to acquire shares or debentures of the company during the fiscal year ending June 30, 2019[131]. Supplier and Customer Information - The largest supplier accounted for approximately 16.5% of total procurement, while the top five suppliers represented about 47.2% of total procurement for the year ending June 30, 2019[147]. - The largest customer contributed approximately 16.1% of total revenue, with the top five customers accounting for about 63.5% of total revenue for the same period[147].
坤集团(00924) - 2019 - 年度财报