Financial Performance - Revenue for the six months ended June 30, 2025, was SGD 91,042,024, a decrease of 9.1% compared to SGD 100,907,459 for the same period in 2024[4] - Gross profit increased to SGD 8,109,327, up 33.9% from SGD 6,053,718 in the previous year[4] - Profit before tax rose to SGD 6,599,233, representing a 22.5% increase from SGD 5,389,246 in 2024[4] - Net profit for the period was SGD 5,330,010, compared to SGD 5,032,687 in the previous year, reflecting a growth of 5.9%[4] - Basic and diluted earnings per share increased to 0.67 Singapore cents, up from 0.63 Singapore cents in 2024[4] - Total revenue for the six months ended June 30, 2025, was SGD 89,816,319, a decrease of 10% from SGD 100,907,459 in the same period of 2024[33] - The group reported a profit attributable to owners of approximately SGD 5.3 million, compared to SGD 5.0 million in the previous period[95] Assets and Liabilities - Total assets as of June 30, 2025, were SGD 184,574,219, a slight decrease from SGD 189,277,504 at the end of 2024[6] - Current liabilities increased to SGD 80,435,292 from SGD 72,068,964 in the previous period, indicating a rise of 11.5%[6] - The net asset value increased to SGD 68,985,724 from SGD 63,655,714, showing a growth of 8.7%[7] - The total trade and other payables increased to SGD 67,462,183 as of June 30, 2025, compared to SGD 59,886,650 as of December 31, 2024, reflecting an increase of about 12.6%[75] - The bank loans secured decreased to SGD 75,951,289 as of June 30, 2025, from SGD 77,181,647 as of December 31, 2024, a reduction of approximately 1.6%[77] Cash Flow - Cash generated from operating activities was SGD 6,504,444, a significant recovery from a cash outflow of SGD 78,712,067 in the previous year[10] - The net cash used in investing activities for the six months ending June 30, 2025, was SGD (25,388,866), compared to a net cash from investing activities of SGD 2,068,591 in 2024[12] - The net cash used in financing activities for the six months ending June 30, 2025, was SGD (2,690,178), compared to a net cash from financing activities of SGD 78,382,229 in 2024[12] - The net decrease in cash and cash equivalents for the six months ending June 30, 2025, was SGD (21,979,766), while there was an increase of SGD 1,642,985 in 2024[12] - The cash and cash equivalents at the end of June 30, 2025, stood at SGD 40,722,604, down from SGD 57,158,747 at the end of June 30, 2024[12] Investments and Joint Ventures - The company incurred a loss of SGD 18,556,500 from investments in joint ventures during the six months ending June 30, 2025[12] - The group has a total commitment amount for the joint venture of SGD 18,556,500, including SGD 400,000 in equity contribution and SGD 18,156,500 in shareholder loans[59] - The company is involved in a joint venture agreement to develop residential properties in Singapore, indicating a strategic move towards market expansion[113] Revenue Sources - Revenue from main contractor projects was SGD 87,587,068, down from SGD 94,971,760, representing a decline of approximately 7%[33] - Construction revenue accounted for approximately 98.7% of total revenue, amounting to about SGD 89.8 million, while property investment revenue contributed about 1.3% or SGD 1.2 million[94] - The group’s construction segment generated a profit of SGD 7,495,123, up from SGD 5,500,872 in the previous year, marking a growth of about 36%[38] - The group’s investment property segment reported a profit of SGD 614,204, compared to SGD 552,846 in 2024, showing an increase of approximately 11%[38] Expenses and Costs - Total employee costs decreased to SGD 5,765,741 in 2025 from SGD 6,109,898 in 2024, a decline of about 5.6%[47] - Interest expenses on bank loans decreased to SGD 165,838 in 2025 from SGD 246,236 in 2024, representing a reduction of approximately 32.5%[46] - The total cost of materials recognized as service costs was SGD 16,347,759 in 2025, compared to SGD 16,981,184 in 2024, a decrease of about 3.7%[47] Shareholder Information - As of June 30, 2025, Mr. Yang holds 409,050,000 shares, representing 51.13125% of the company's equity, while Ms. Han holds 136,350,000 shares, representing 17.04375%[104] - Major shareholders include Huada Development with 409,050,000 shares (51.13125%) and Ying Teng Global Limited with 136,350,000 shares (17.04375%) as of June 30, 2025[107] - The company has a total of 80,000,000 share options available for grant under the share option scheme, which represents 10% of the total shares issued at the time of listing[110] Future Outlook - The construction demand in Singapore is projected to be between SGD 47 billion and SGD 53 billion in 2025, with an average annual demand of SGD 39 billion to SGD 46 billion from 2026 to 2029[100] - The group is actively seeking new real estate development opportunities in Singapore and has entered into a joint venture for a residential land project at Dairy Farm Walk[92] Miscellaneous - The company did not recommend any dividend payment for the current period, consistent with the previous period's zero dividend[119] - A new subsidiary focused on real estate development was established on August 15, 2025[121] - The company has no transactions with related parties during the reporting periods ended June 30, 2025, and June 30, 2024[85]
BHCC HOLDING(01552) - 2025 - 中期业绩