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雄岸科技(01647) - 2023 - 中期财报
GRANDSHORESGRANDSHORES(HK:01647)2022-12-29 08:33

Financial Performance - Revenue for the six months ended September 30, 2022, was SGD 22,648,704, an increase of 24.5% compared to SGD 18,146,703 for the same period in 2021[16] - Gross profit decreased to SGD 2,917,071, down 40.7% from SGD 4,915,766 in the previous year[16] - The company reported a loss before tax of SGD 2,218,830, compared to a profit of SGD 688,033 in the same period last year[16] - Total comprehensive loss for the period was SGD 3,329,182, compared to a total comprehensive income of SGD 486,162 in the previous year[16] - Basic and diluted loss per share for the period was SGD (0.20), compared to earnings per share of SGD 0.04 in the previous year[19] - The company reported a net loss attributable to owners of SGD (2,339,613) for the six months ended September 30, 2022, compared to a profit of SGD 394,363 in 2021[76] Revenue Breakdown - Revenue from integrated building services was SGD 17,750,204, compared to SGD 16,633,764 in the previous year, reflecting an increase of about 6.7%[49] - Revenue from construction projects was SGD 5,463,830, up from SGD 2,174,548, indicating a significant increase of approximately 150.5%[49] - The industrial hemp segment generated revenue of SGD 23,214,034, compared to SGD 18,808,312 in the previous year, marking a growth of around 23.5%[49] - Revenue from external customers in Singapore was SGD 23,214,034, an increase from SGD 18,808,312 in the previous year, reflecting a growth of approximately 23.5%[57] Assets and Liabilities - Non-current assets increased to SGD 12,431,338 as of September 30, 2022, from SGD 9,636,424 as of March 31, 2022[21] - Current liabilities decreased to SGD 5,450,676 from SGD 9,295,759 as of March 31, 2022[21] - The company’s net current assets were SGD 50,713,411, down from SGD 54,052,929 as of March 31, 2022[21] - As of September 30, 2022, the company's non-current liabilities increased significantly to SGD 401,115, compared to SGD 202,276 as of March 31, 2022, reflecting a growth of 98.2%[23] - The total equity attributable to the owners of the company decreased to SGD 61,015,605 from SGD 61,931,042, representing a decline of 1.5%[23] - The company's total assets as of September 30, 2022, were SGD 62,743,634, a slight decrease from SGD 63,487,077 as of March 31, 2022[23] Cash Flow - The company's cash and cash equivalents decreased by SGD 4,092,034 during the six months ended September 30, 2022, resulting in a closing balance of SGD 28,765,774[36] - Operating cash flow for the six months ended September 30, 2022, was negative at SGD (3,979,934), compared to a positive cash flow of SGD 6,343,856 in the same period last year[34] - The company reported a net cash outflow from investing activities of SGD (2,692,259) for the six months ended September 30, 2022, compared to SGD (1,501,574) in the previous year[34] - Financing activities generated a net cash inflow of SGD 2,580,159 for the six months ended September 30, 2022, compared to a net cash outflow of SGD (313,827) in the same period last year[34] Operational Focus and Future Plans - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming periods[16] - The company continues to focus on expanding its integrated building services and construction projects, alongside its blockchain and industrial hemp operations[45] - The company plans to invest in new financial services, including asset management and other financial services, following regulatory approval for its subsidiary[141] Share Capital and Equity - The company’s share capital increased to SGD 2,142,708 as of September 30, 2022, from SGD 1,966,310 as of March 31, 2022, indicating a growth of 8.9%[23] - The company issued 100,000,000 shares at a subscription price of SGD 0.1438 per share, increasing the share capital by SGD 176,398[107] Employee and Management Information - The total compensation for directors and key management personnel for the six months ended September 30, 2022, was SGD 710,272, down 3.2% from SGD 733,731 in the previous year[110] - The group employed 292 full-time employees as of September 30, 2022, an increase from 246 full-time employees as of March 31, 2022[169] Financial Standards and Reporting - The company has applied new international financial reporting standards, which did not have a significant impact on the financial position and performance for the period[44] Market Conditions - The total construction demand in Singapore for 2022 is expected to be between SGD 27 billion and SGD 32 billion, with public sector projects contributing approximately 60%[136] - The company anticipates that construction demand will remain stable at approximately SGD 11 billion to SGD 14 billion annually from 2023 to 2026[137]