Financial Analysis Report: Sapphire Corporation Limited
Business Description
Sapphire Corporation Limited, a company incorporated in the Republic of Singapore, operates in an unspecified industry. The company’s core business operations, business segments, and geographic footprint are not explicitly stated in the report.
Company Overview
The company, Sapphire Corporation Limited, has released its audited financial statements for the financial year ended 31 December 2024. The report highlights material variances between the unaudited and audited financial statements.
Key Facts
– The company’s financial year ended on 31 December 2024. – The unaudited financial statements were released on 28 February 2025, while the audited financial statements were released on 14 April 2025.
Financial Highlights
– Revenue: 432,629 (RMB’000) – Gross profit: 9,757 – Profit before tax: 2,534 – Profit for the year: 1,519 – Total comprehensive income for the year: 790
Financial Performance
The company’s profit for the year increased by 348 RMB’000 or 29.7% from 1,171 to 1,519, primarily due to an increase in profit from operating activities.
Financial Statement Analysis
Income Statement
– Revenue remained constant at 432,629 RMB’000. – Gross profit remained the same at 9,757 RMB’000. – Profit before tax increased by 15.9% from 2,186 to 2,534. – Profit for the year attributable to owners of the company increased by 32.9% from 1,035 to 1,376.
Balance Sheet
– Total assets: 722,122 (RMB’000) – Total equity: 591,236 (RMB’000) – The company has a significant investment in associates, with an amount of 458,909 RMB’000.
Cash Flow Statement
– Net cash used in operating activities decreased by 132 RMB’000 from -5,967 to -5,835. – Payment of lease liabilities and interest paid are among the major cash outflows.
Compelling Reasons for Investor Action
Strengths
The company’s profit for the year increased by 348 RMB’000 or 29.7%, indicating a positive trend in its financial performance.
The increase in profit is mainly due to the increase in profit from operating activities.
Risks and Concerns
The company’s revenue streams are not explicitly stated, making it difficult to assess its diversification and stability.
The company’s dependence on its associates and subsidiaries for revenue and profit is a concern.
Recommendations
Based on the analysis, we recommend that:
- Current investors should hold their positions, as the company’s profit has increased by 29.7% and there is a significant increase in total comprehensive income.
- Potential investors should consider buying into this stock, given the increase in profit and relatively stable financial performance.
Disclaimer: This recommendation is based solely on the information provided in the report and should not be considered as investment advice.
Financial Summary
Category FY2024 Unaudited FY2024 Audited Change
Revenue 432,629 432,629 0%
Net Profit 1,519 1,171 348 (29.7%)
Conclusion
Sapphire Corporation Limited has demonstrated a positive financial performance for the year ended 31 December 2024, with an increase in profit and relatively stable financial position. However, investors should note that the company’s dependence on its associates and subsidiaries is a concern.
The report is dated 14 April 2025 and is reporting for the financial year ended 31 December 2024.
Special Activity or Action
The company is taking actions to improve its profitability, but none are explicitly stated in the report.
Dividend
No dividend or special dividend is proposed or mentioned in the report.
Earnings and Revenue Growth
The company’s profit for the year increased by 29.7%, and there is a significant increase in total comprehensive income.
Date of Report and Financial Year
The report is dated 14 April 2025 and is for the financial year ended 31 December 2024.
Net Profit Growth or Decline
The profit for the year attributable to owners of the company increased by 32.9% from 1,035 to 1,376.
Recommendation
If you are currently holding this stock, we recommend that you hold your position. If you are not holding this stock, we suggest that you consider buying into it.
The information provided in this report is based on the company’s disclosed financial information and should not be considered as investment advice.
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