Financial Performance - Revenue for the six months ended September 30, 2025, was SGD 44,211,022, a decrease of 9.8% compared to SGD 48,578,720 for the same period in 2024[10] - Gross profit increased to SGD 7,921,257, representing a gross margin of 17.9%, compared to SGD 6,446,672 and a margin of 13.3% in the previous year[10] - The company reported a net loss of SGD 1,580,457 for the period, an improvement from a loss of SGD 3,043,504 in the prior year[11] - Total comprehensive loss for the period was SGD 996,538, compared to SGD 2,385,269 in the same period last year, indicating a significant reduction in losses[11] - The company reported a loss attributable to shareholders of SGD 1,270,226 for the six months ended September 30, 2025, compared to a loss of SGD 2,874,000 for the same period in 2024, representing a 55.8% improvement in losses year-over-year[36] Cash Flow and Assets - For the six months ended September 30, 2025, the company reported a net cash generated from operating activities of SGD 2,913,662, compared to a cash used of SGD (1,348,678) in the same period of 2024[16] - The company’s cash and cash equivalents stood at SGD 10,574,952, a slight decrease from SGD 11,861,692 as of March 31, 2025[12] - The company reported a decrease in cash and cash equivalents of SGD (1,213,521) for the six months ended September 30, 2025, compared to a decrease of SGD (3,408,794) in the same period of 2024[17] - The company incurred a loss of SGD (1,270,226) during the six months ended September 30, 2025, reflecting ongoing operational challenges[16] - The company’s total assets as of September 30, 2025, were not explicitly stated but can be inferred from the equity and cash flow data presented[14] Revenue Breakdown - Revenue from Integrated Building Services was SGD 31,341,086, up 9.5% from SGD 28,632,220 in 2024[24] - Revenue from Building Construction decreased significantly to SGD 9,749,145 from SGD 19,454,827, a decline of 50.1%[24] - Revenue from Information Technology Development and Application increased to SGD 588,027 from SGD 57,911, a growth of 908.5%[24] - Revenue from other sources in Information Technology Development and Application reached SGD 2,532,764, compared to SGD 433,762 in 2024, marking a significant increase[24] - Revenue from external customers in Singapore was SGD 41,090,231, down 14.6% from SGD 48,087,047 in 2024[27] Expenses and Costs - The total employee costs, including salaries and benefits, increased to SGD 7,762,162 for the six months ended September 30, 2025, up from SGD 6,927,770 in the previous year, reflecting an increase of 12.0%[36] - The cost of inventory recognized as cost of sales and services was SGD 4,199,469 for the six months ended September 30, 2025, compared to SGD 3,449,584 in the previous year, indicating a 21.7% increase[36] - Administrative expenses rose from approximately SGD 7.7 million to about SGD 8.4 million, an increase of about SGD 0.7 million or approximately 9.1%[75] - Financing costs increased from approximately SGD 20,000 to about SGD 47,000, mainly due to higher interest on other borrowings[76] Investments and Future Outlook - The company has continued to invest in new technologies and product development, although specific figures were not disclosed in the report[10] - Future outlook remains cautious, with management indicating a focus on cost control and operational efficiency to navigate market challenges[10] - The company plans to expand into broader internet technology-related businesses, including e-commerce and artificial intelligence, beyond just blockchain technology[69] - The company anticipates total construction demand in Singapore for 2025 to be between 47 billion SGD and 53 billion SGD, driven by several large development projects[67] Shareholder Information - Morgan Hill holds 365,175,000 shares, representing 30.56% of the company's issued share capital[95] - Great Scenery, Emperor Grand International Limited, and Mr. Zhu Guangping also hold 365,175,000 shares each, accounting for 30.56%[95] - Mr. Leung Sik-Kwong directly owns 66,665,000 shares, which is 5.58% of the total[95] - The total number of options available under the share option scheme is 103,054,000 shares, representing approximately 8.62% of the company's issued shares[101] Corporate Governance - The company has complied with the corporate governance code, except for the separation of roles between the chairman and the CEO[108] - Mr. Li Kanlin resigned as an independent non-executive director effective August 15, 2025, and Ms. Liu Zhi was appointed to the position on the same date[104] - The company did not purchase, sell, or redeem any of its securities during the review period[110]
雄岸科技(01647) - 2026 - 中期财报