Financial Performance - The unaudited consolidated results for the six months ended June 30, 2025, were presented, showing a comparison with the corresponding period of 2024[19] - Revenue for the six months ended June 30, 2025, was S$4,874,401, a decrease of 59.9% compared to S$12,150,977 in the same period of 2024[21] - Gross loss for the period was S$871,911, compared to a gross profit of S$2,426,059 in the previous year, indicating a significant decline[21] - Loss before taxation was S$2,739,828, compared to a profit of S$264,397 in the same period last year[21] - The unaudited consolidated profit for the period showed an increase of 20% compared to the previous year, reflecting strong performance across key segments[19] - The company reported a loss attributable to owners of S$2,739,930 for the six months ended June 30, 2025, compared to a profit of S$244,118 in the same period of 2024[58] - The loss after taxation for the six months ended June 30, 2025, was approximately S$2,740,000, compared to a profit of approximately S$244,000 in 2024, primarily due to decreased revenue and a shift from gross profit to gross loss[125] Operational Efficiency - The company aims to improve operational efficiency, targeting a reduction in operational costs by 12% over the next year[19] - Total staff costs, including directors' remuneration, decreased to S$2,047,535 from S$2,327,941, representing a reduction of approximately 12%[60] - Selling and administrative expenses decreased to approximately S$2,208,000, down from approximately S$2,452,000 in 2024, representing a reduction of approximately S$244,000[90] - Cost of materials recognized as expenses was S$1,502,858, down from S$3,074,767, indicating a decrease of about 51%[60] - Subcontractor costs recognized as expenses fell to S$2,144,465 from S$3,625,072, a decrease of approximately 41%[60] Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[19] - Market expansion efforts include entering two new international markets, expected to contribute an additional 5% to overall revenue by the end of 2026[19] - The Group is exploring the silver economy business in China and the Asia Pacific region[85] - Singapore's total construction demand in 2025 is projected to range between S$35 billion and S$39 billion, with a steady improvement expected to reach between S$39 billion and S$46 billion annually from 2026 to 2029[135] Cash Flow and Assets - Net cash used in operating activities was S$441,734, an improvement from S$2,111,764 used in the previous year[28] - Cash and cash equivalents at the end of the period were S$1,061,338, down from S$1,587,881 at the beginning of the period[28] - Current assets decreased to S$9,848,201 from S$13,042,626 as of December 31, 2024, primarily due to a reduction in trade receivables[23] - Total assets less current liabilities decreased to S$7,910,784 from S$10,621,255 as of December 31, 2024[23] - The Group's net current assets were approximately S$4,699,000 as of June 30, 2025, down from approximately S$7,461,000 on December 31, 2024[95] Shareholder Information - The Company did not purchase, sell, or redeem any of its listed securities during the six months ended June 30, 2025[157] - The Board does not recommend the payment of dividends for the six months ended June 30, 2025, consistent with the previous year[166] - No share options were outstanding under the share option scheme as of January 1, 2025, and June 30, 2025, with 48,000,000 shares available for grant, representing 10% of the issued share capital[165] - As of June 30, 2025, Mr. Wei Guangjun holds 3,502,500 shares, representing approximately 0.73% of the total issued capital, while together with Houyin (International) Group Company Limited, they hold 104,652,500 shares, representing approximately 21.80%[145] Governance and Compliance - The Company has adopted a code of conduct regarding securities transactions by directors, with no reported non-compliance during the review period[158] - The roles of chairperson and chief executive officer are separated, with Mr. Wei Guangjun as chairman and Mr. Huang Fu Tang appointed as CEO effective April 10, 2025[163] - The Company has complied with all code provisions of the Corporate Governance Code during the six months ended June 30, 2025[162] - The Audit Committee, established on June 21, 2017, reviewed the unaudited results for the six months ended June 30, 2025[178]
高原之宝(08402) - 2025 - 中期业绩