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雄岸科技(01647) - 2025 - 中期业绩
GRANDSHORESGRANDSHORES(HK:01647)2024-11-29 10:55

Financial Performance - Revenue for the six months ended September 30, 2024, was SGD 48,578,720, an increase of 15.5% compared to SGD 42,132,048 for the same period in 2023[1] - Gross profit for the same period was SGD 6,446,672, up from SGD 3,917,253, representing a 64.8% increase[1] - The net loss for the period was SGD 3,043,504, compared to a loss of SGD 1,580,354 in the previous year, indicating a 92.5% increase in losses[1] - Basic and diluted loss per share was SGD 0.24, compared to SGD 0.13 for the same period last year[5] - The company reported a total comprehensive loss of SGD 2,385,269 for the period, compared to SGD 2,214,601 in the previous year[1] - The company reported a net loss of SGD 2,874,000 for the six months ended September 30, 2024, compared to a loss of SGD 1,542,702 for the same period in 2023, representing an increase in loss of approximately 86.5%[37] Revenue Breakdown - Revenue from Integrated Building Services reached SGD 28,632,220 for the six months ended September 30, 2024, up from SGD 20,402,097 in the same period of 2023, representing an increase of 40.4%[24] - Revenue from Building Construction was SGD 19,454,827 for the six months ended September 30, 2024, compared to SGD 8,822,527 in 2023, marking a significant increase of 120%[24] - Revenue from Information Technology Development and Application was SGD 57,911 for the six months ended September 30, 2024, up from SGD 11,713 in 2023, reflecting an increase of 393%[24] - Total revenue from customer contracts under IFRS 15 for the six months ended September 30, 2024, was SGD 48,144,958, compared to SGD 29,236,337 in 2023, indicating a growth of 64.7%[24] - Revenue from external customers in Singapore was SGD 48,087,047 for the six months ended September 30, 2024, compared to SGD 29,224,624 in 2023, an increase of 64.6%[28] Assets and Liabilities - Total assets as of September 30, 2024, were SGD 51,225,498, a decrease from SGD 54,724,322 as of March 31, 2024[6] - Inventory increased significantly to SGD 4,681,927 from SGD 2,604,192, reflecting a 79.8% rise[6] - Trade receivables decreased slightly to SGD 15,892,661 from SGD 16,026,834, a decline of 0.8%[6] - Current liabilities decreased to SGD 13,192,420 from SGD 14,300,292, a reduction of 7.8%[6] - Non-current assets in Singapore increased to SGD 16,225,809 as of September 30, 2024, from SGD 16,019,904 as of March 31, 2024[30] Employee and Operational Costs - Total employee costs for the current period amounted to SGD 6,927,770, up from SGD 5,783,444 in the previous year, reflecting an increase of about 19.7%[35] - The total cost of sales and services, including inventory and subcontractor costs, was SGD 35,468,966 for the current period, significantly higher than SGD 20,824,707 in the previous year, marking an increase of approximately 70.7%[35] - The group’s selling and service costs rose from approximately SGD 25.3 million to approximately SGD 42.1 million, an increase of about SGD 16.8 million or approximately 66.4%[55] - The group’s administrative expenses increased from approximately SGD 6.7 million to approximately SGD 7.7 million, an increase of about SGD 1.0 million or approximately 14.9%[60] Customer Contributions - Major customer I contributed SGD 14,151,150 in revenue for the six months ended September 30, 2024, up from SGD 8,352,890 in 2023, an increase of 69.3%[26] - Major customer II generated SGD 5,766,456 in revenue for the six months ended September 30, 2024, down from SGD 6,393,232 in 2023, a decrease of 9.8%[27] Cash Flow and Financial Position - The group’s cash and cash equivalents totaled approximately SGD 12.2 million as of September 30, 2024, down from approximately SGD 15.8 million as of March 31, 2024[66] - The current ratio as of September 30, 2024, was approximately 3.9 times, compared to approximately 3.8 times as of March 31, 2024[66] Corporate Governance and Compliance - The company did not recommend an interim dividend for the six months ended September 30, 2024, consistent with the previous year[36] - The board of directors has been adhering to the corporate governance code, with the exception of the separation of roles between the chairman and the CEO, which remains vacant since July 23, 2021[72] - The group's unaudited consolidated financial performance for the six months ended September 30, 2024, has been reviewed by the audit committee[75] Market and Strategic Developments - The group plans to continue expanding into broader internet technology-related businesses beyond just blockchain technology development and applications[53] - The market price of Bitcoin increased from approximately USD 64,000 on September 30, 2024, to about USD 96,000 as of the announcement date[71] - The company has not purchased, sold, or redeemed any of its securities during the six months ended September 30, 2024[74] Foreign Exchange and Other Income - The group recorded a foreign exchange loss of approximately SGD 1.6 million during the review period, compared to a gain of SGD 1.0 million in the previous period[67] - Other income decreased from approximately SGD 1.686 million to approximately SGD 189,000, a reduction of about SGD 1.497 million, primarily due to a decrease in government grants[58] Employee Count - As of September 30, 2024, the group employed 494 full-time employees, an increase from 461 full-time employees as of March 31, 2024[70] Trade Receivables and Payables - Trade receivables increased to SGD 15,892,661 as of September 30, 2024, compared to SGD 16,026,834 as of March 31, 2024, indicating a slight decrease of approximately 0.8%[39] - The aging analysis of trade receivables shows that SGD 9,343,286 is within 90 days, compared to SGD 7,889,762 in the previous period, representing an increase of about 18.4%[40] - Trade payables rose to SGD 8,363,962 as of September 30, 2024, compared to SGD 7,131,020 as of March 31, 2024, reflecting an increase of approximately 17.3%[46] Contributions and Forfeitures - The company has not recognized any contributions as forfeited during the review period, maintaining the existing contribution levels[35] - The company has a credit period of 15 to 60 days for trade receivables, with a significant portion of invoices issued post-service completion[40] Acquisitions and Disposals - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ended September 30, 2024[69]