Venture(US:VEMLY) Zhi Tong Cai Jing·2026-01-23 10:18Company Overview - Chang Le Holdings Limited is a construction and renovation contractor based in Singapore, specializing in building construction, maintenance, and renovation projects [3] - The company's revenue primarily comes from building construction services, with additional income from labor supply, dormitory rentals, and other ancillary services [3] - The company holds a GB1 license issued by the Building and Construction Authority, allowing it to undertake general construction projects in Singapore [3] Financial Performance - For the fiscal years 2023, 2024, and 2025, Chang Le Holdings reported revenues of SGD 29.63 million, SGD 20.07 million, and SGD 21.90 million, respectively [5][8] - The net profit and total comprehensive income for the same periods were SGD 446,000, SGD 2.79 million, and SGD 1.06 million, respectively [6][8] - The gross profit margins for the fiscal years 2023, 2024, and 2025 were 13.7%, 26.7%, and 25.3%, respectively [7][8] Market Overview - The market size of Singapore's building construction industry is projected to grow from SGD 11.886 billion in 2019 to SGD 19.224 billion in 2024, reflecting a compound annual growth rate (CAGR) of approximately 6.2% from 2024 to 2029 [9] - The market for repair, renovation, and alteration works in Singapore is expected to increase from SGD 5.244 billion in 2019 to SGD 7.22 billion in 2024, with a CAGR of about 6.6% [11] - By 2029, the building construction market is anticipated to reach SGD 25.974 billion, supported by strategic urban planning initiatives [9] Competitive Landscape - In 2024, there are approximately 1,514 registered contractors in the general building category in Singapore, with the top five market players holding a combined market share of 25.3% [12] - Chang Le Holdings holds a market share of 0.1% in the overall construction market in Singapore [12] Corporate Governance - The board of directors consists of seven members, including four executive directors and three independent non-executive directors [14] - The major shareholder, Mr. Li Jian Tao, owns 98% of the company's shares as of January 16, 2026 [17]