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亿仕登控股(01656) - 2024 - 中期财报
ISDN HOLDINGSISDN HOLDINGS(HK:01656)2024-09-27 09:40

Financial Performance - Revenue for the first half of 2024 reached SGD 174.573 million, a 2.4% increase from SGD 170.411 million in the same period of 2023[14] - Gross profit for the first half of 2024 was SGD 44.393 million, representing a gross margin of 25.4%, compared to SGD 45.584 million and a gross margin of 26.8% in the first half of 2023[14] - Net profit for the first half of 2024 was SGD 5.806 million, down 35.1% from SGD 9.061 million in the first half of 2023[14] - Total comprehensive income for the first half of 2024 amounted to SGD 5.953 million, an increase of 6.7% from SGD 5.578 million in the same period of 2023[14] - Basic and diluted earnings per share for the first half of 2024 were SGD 0.85, down from SGD 1.04 in the first half of 2023[14] Assets and Liabilities - Total assets as of June 30, 2024, were SGD 405.835 million, a slight increase from SGD 400.439 million as of December 31, 2023[15] - Total liabilities remained stable at SGD 159.956 million as of June 30, 2024, compared to SGD 159.774 million as of December 31, 2023[15] - Total equity as of June 30, 2024, is 240,665 thousand SGD, an increase from 245,879 thousand SGD as of January 1, 2023, reflecting a decrease of approximately 2.5%[18] - The company’s total liabilities decreased to 198,622 thousand SGD as of June 30, 2024, from 202,746 thousand SGD as of January 1, 2023, representing a reduction of about 2.2%[18] Cash Flow and Investments - Cash flow from operating activities before tax for the six months ended June 30, 2024, is 8,515 thousand SGD, down from 13,346 thousand SGD in the same period of 2023, representing a decline of about 36.5%[20] - Net cash used in investing activities for the six months ended June 30, 2024, is (3,643) thousand SGD, compared to (2,232) thousand SGD in the same period of 2023, indicating an increase in cash outflow of approximately 63.5%[21] - The company reported a net cash inflow from operating activities of 15,546 thousand SGD for the six months ended June 30, 2024, compared to a net outflow of (1,149) thousand SGD in the same period of 2023[20] - The company’s cash flow from financing activities for the six months ended June 30, 2024, is (10,323) thousand SGD, compared to (1,095) thousand SGD in the same period of 2023, indicating a significant increase in cash outflow[21] Segment Performance - The engineering solutions segment reported a revenue of 131,098 thousand SGD for the first half of 2024, slightly down from 131,575 thousand SGD in the same period of 2023[30] - The renewable energy segment generated a revenue of 4,961 thousand SGD in the first half of 2024, maintaining its performance from the previous year[30] - Revenue from the China segment was 127,671 thousand SGD in the first half of 2024, up from 124,992 thousand SGD in the first half of 2023, indicating a growth of about 2.7%[39] - The Singapore segment generated 15,807 thousand SGD in revenue for the first half of 2024, compared to 16,611 thousand SGD in the same period of 2023, showing a decline of approximately 4.8%[39] Expenses and Costs - The company reported a decrease in administrative expenses to SGD 19.775 million from SGD 18.953 million in the previous year[14] - Distribution costs rose by SGD 1.9 million or 15.4% to SGD 14.4 million, mainly due to reclassification of administrative costs[84] - Administrative expenses increased by SGD 0.8 million or 4.3% to SGD 20.0 million, attributed to higher withholding taxes and maintenance costs[85] - Financing costs rose significantly to 2,767,000 SGD in 2024, up 33.6% from 2,071,000 SGD in 2023[41] Future Outlook and Strategy - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[13] - The company indicated plans for future market expansion and product development, focusing on enhancing its engineering solutions and industrial computing capabilities[36] - The group continues to evaluate potential market expansions and new strategies to enhance its competitive position in the industry[30] - The company is committed to expanding its industrial automation solutions and renewable energy business while exploring new geographical markets[70] Shareholder Information - The company declared a final tax-exempt dividend of 0.28 SGD per share for 2024, down from 0.80 SGD per share in 2023, totaling 1,249,000 SGD compared to 3,532,000 SGD in the previous year[47] - The group did not recommend an interim dividend for the first half of 2024, consistent with the previous year where no dividend was declared[105] - The group’s major shareholders include Mr. Zhang, who holds 143,949,181 shares, representing approximately 32.28% of the issued share capital[106] Compliance and Governance - The company complies with the 2018 revised Singapore Code of Corporate Governance and the Hong Kong Corporate Governance Code, ensuring shareholder protection and long-term value[116] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the financial period ended June 30, 2024[119] - The company has adhered to the internal compliance rules regarding securities trading by its directors and senior executives during the financial period[116]