Revenue Performance - Total revenue for the six months ended December 31, 2023, was SGD 8,276,252, an increase of 25.7% compared to SGD 6,586,372 for the same period in 2022[28]. - Revenue from comprehensive design and construction services reached SGD 7,114,902, up from SGD 6,087,677, representing a growth of 16.9%[8]. - Revenue from virtual asset custody solutions increased to SGD 306,107, a significant rise of 193% from SGD 104,330 in the previous year[29]. - For the six months ended December 31, 2023, the revenue from integrated design and construction services was approximately SGD 7.1 million, an increase of about SGD 1.0 million or 17% compared to SGD 6.1 million for the same period in 2022[56]. - Revenue from Singapore accounted for 92% of total revenue, down from 98% in 2022, indicating a diversification in revenue sources[98]. - Revenue from trading and asset management business was approximately SGD 0.4 million for the six months ended December 31, 2023, compared to zero for the same period in 2022[166]. Financial Position - The group's asset-liability ratio as of December 31, 2023, was 2.2%, up from 1.9% as of June 30, 2023[32]. - The company’s trade receivables as of December 31, 2023, totaled SGD 5,281,514, reflecting an increase from SGD 3,744,126 as of June 30, 2023[17]. - As of December 31, 2023, total non-current assets amounted to SGD 7,214,049, a decrease from SGD 7,305,211 as of June 30, 2023, reflecting a decline of approximately 1.25%[84]. - Current assets totaled SGD 27,306,530, slightly down from SGD 27,456,140, indicating a decrease of about 0.55%[84]. - Total assets amounted to SGD 34,520,579, while total liabilities were SGD 10,989,933, indicating a healthy asset-to-liability ratio[96]. - The total equity attributable to shareholders as of December 31, 2023, was approximately SGD 23.5 million, down from approximately SGD 30.1 million as of June 30, 2023[169]. Profitability and Loss - The group recorded a loss of approximately SGD 6.8 million for the six months ended December 31, 2023, compared to a loss of approximately SGD 7.4 million for the same period in 2022[59]. - The group reported a gross profit of SGD 3,932,617, compared to SGD 2,147,140 in the previous year, reflecting a significant improvement in profitability[99]. - The group experienced a comprehensive loss after tax of SGD 6,812,255, a slight improvement from SGD 7,411,142 in the prior year[99]. - The group reported a pre-tax loss of SGD 6,760,605, which is an improvement from a loss of SGD 7,294,021 in the same period last year[99]. - The company recorded a total comprehensive loss of SGD 7,910,871 for the period, which includes a loss of SGD 7,410,525[87]. Cost Management - The company’s financial expenses decreased to SGD 307,629 from SGD 287,887, indicating improved cost management[12]. - The total employee costs for the six months ended December 31, 2023, were approximately SGD 10.1 million, compared to SGD 8.3 million for the same period in 2022[65]. - Administrative expenses increased by approximately SGD 1.5 million or 16% to about SGD 11.1 million, accounting for 134.7% of revenue for the six months ended December 31, 2023[191]. - The group has implemented better cost control measures, contributing to the increase in gross profit margin[136]. Investments and Acquisitions - The group acquired 100% equity of Da Sheng Asset Management Limited and Quality Union Limited on August 24, 2023, expanding into consulting, asset management, and derivative trading services[95]. - The group completed the acquisition of two subsidiaries for a total consideration of HKD 2,300,001, which are involved in providing consulting and asset management services[173]. - The company completed the sale of 100% equity in BG Technologies Limited for a total consideration of HKD 1,500,000 on December 22, 2023[197]. Future Outlook and Strategy - The company aims to become a regulated and transparent market leader in the virtual asset industry, responding swiftly to regulatory changes[26]. - The group aims to enhance its market position in the healthcare engineering sector in Singapore and other markets while continuing to develop its fintech platform and asset management services[53]. - The group plans to expand its financial technology service platform to include a wider range of asset classes, including virtual assets and listed securities[160]. - The group is actively developing a fintech trading service platform aimed at enabling global users to explore and monetize various asset classes, including virtual assets and Web3 assets[162]. - The company expects increased demand for medical-related radiation protection engineering due to the Singapore government's plans to enhance medical facilities[131]. Regulatory and Compliance - The group has been actively cooperating with regulatory authorities to obtain a license for a virtual asset trading platform[52]. - The government is strongly supporting Hong Kong's development as an international financial center for virtual assets, which the group believes will continue to drive growth in its fintech platform business[188]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period were SGD 11,708,603, compared to SGD 10,278,213 at the end of the same period in 2022, reflecting an increase of approximately 14%[107]. - Net cash generated from investing activities was SGD 5,046,495, a significant increase from SGD 1,236,549 in the previous period[107]. - The company recorded a net cash outflow from financing activities of SGD 305,879, down from SGD 376,271 in the previous period, indicating improved cash management[107]. Dividends - The company has not declared any interim dividends for the six months ended December 31, 2023, consistent with the previous year[75]. - The group does not recommend the payment of an interim dividend for the six months ended December 31, 2023[151].
HKE HOLDINGS(01726) - 2024 - 中期业绩