Financial Performance - Revenue for the six months ended September 30, 2021, was SGD 18,146,703, an increase of 4.7% compared to SGD 17,328,873 for the same period in 2020[11] - Gross profit decreased to SGD 4,915,766, down 9.6% from SGD 5,440,369 year-on-year[11] - The company reported a net profit of SGD 393,166, a decline of 66.5% from SGD 1,170,522 in the previous year[11] - Total comprehensive income for the period was SGD 486,162, compared to SGD 1,594,105 in the same period last year, reflecting a decrease of 69.6%[11] - Basic and diluted earnings per share for the period were SGD 0.04, down from SGD 0.09 in the previous year[13] - The company reported a profit attributable to owners of SGD 394,363 for the six months ended September 30, 2021, a decrease of 55.1% compared to SGD 877,897 in the same period of 2020[69] Assets and Liabilities - Non-current assets amounted to SGD 10,958,365 as of September 30, 2021, compared to SGD 10,493,890 as of March 31, 2021, indicating an increase of 4.4%[16] - Current liabilities decreased to SGD 7,599,509 from SGD 10,973,503, a reduction of 30.5%[16] - The company's total equity increased to SGD 64,810,938 from SGD 64,462,476, reflecting a growth of 0.5%[18] - The company's total assets as of September 30, 2021, were SGD 64,462,476, compared to SGD 62,326,736 at the end of the same period last year[22] - Trade receivables decreased to SGD 7,297,733 as of September 30, 2021, compared to SGD 9,681,659 as of March 31, 2021, representing a decline of 24.6%[77] - The total liabilities decreased from SGD 8,111,258 to SGD 5,245,470, indicating a reduction of approximately 35.5%[107] Cash Flow - The company reported a net cash generated from operating activities of SGD 6,343,856 for the six months ended September 30, 2021, compared to SGD 2,729,606 for the same period in 2020, representing an increase of approximately 133%[29] - The total cash and cash equivalents at the end of the period were SGD 26,472,133, up from SGD 25,896,292 at the end of the same period last year[31] - The company incurred a net cash outflow from investing activities of SGD 1,501,574, compared to a net inflow of SGD 9,598,332 in the previous year[31] - The company’s cash flow from operating activities increased significantly, with a rise from SGD 2,955,047 in the previous year to SGD 7,102,858 in the current period[29] Revenue Breakdown - Revenue from integrated building services was SGD 16,633,764, up from SGD 11,267,580 in 2020, indicating a significant growth of approximately 47.8%[44] - Revenue from industrial hemp increased to SGD 2,174,548 from SGD 413,710, marking a substantial rise of approximately 426.5%[44] - Revenue from blockchain technology development and application showed a loss of SGD 661,609, compared to a profit of SGD 5,647,583 in the previous year, reflecting a decline in this segment[45] - Revenue from external customers in Singapore was SGD 18,808,312, compared to SGD 11,681,290 in 2020, representing an increase of approximately 60.7%[52] Expenses and Costs - Total employee costs amounted to SGD 3,879,170, an increase of 8.4% from SGD 3,578,024 in the previous year[64] - Material costs increased significantly to SGD 1,751,780, up from SGD 735,913, reflecting a rise of 138.5% year-over-year[64] - The group’s sales and service costs rose from approximately SGD 11.9 million to SGD 13.2 million, an increase of about SGD 1.3 million or approximately 10.9%[149] - Administrative expenses increased from approximately SGD 3.7 million to SGD 4.5 million, an increase of about SGD 0.8 million or approximately 21.6%[154] Market Outlook and Strategy - The company plans to focus on market expansion and new product development in the upcoming quarters[11] - Future guidance indicates a cautious outlook due to market uncertainties and competitive pressures[11] - The group anticipates that total construction demand in Singapore will reach SGD 25 billion to SGD 32 billion annually from 2022 to 2025, with public sector contributions expected to be around SGD 14 billion to SGD 18 billion annually[137] - The group plans to continue its core business in providing integrated building services and construction projects in Singapore while exploring new business opportunities for expansion and diversification[142] Shareholder Information - The major shareholder, Morgan Hill, holds 365,175,000 shares, representing approximately 33.35% of the company's total issued share capital[191] - Major shareholders include Mr. Leung with 66,665,000 shares (6.09%) and Lion International Limited with 64,500,000 shares (5.89%) [194] - The total number of shares issued by the company is 365,175,000 [196]
雄岸科技(01647) - 2022 - 中期财报