Saturday, April 19th, 2025

Green Build Technology Limited Announces Material Variances Between Unaudited and Audited Financial Statements for FY2024

Green Build Technology Limited: Net Profit Decline of 10.8% – A Comprehensive Analysis
Company Overview
Green Build Technology Limited is a Singapore-incorporated company engaged in the business of [no specific business operations mentioned]. The company and its subsidiaries operate in [no specific geographic footprint mentioned].
Business Description
The company’s core business operations, business segments, and geographic footprint are not explicitly stated in the report. However, based on the report, it appears that the company is involved in the hotel operations through its subsidiary, Hotel Nuve Elements Plus Pte. Ltd.
Industry Position and Competitors
The report does not provide information on the company’s position within the industry, its competitors, and its market share.
Revenue Streams, Customer Base, Supply Chain, and Competitive Advantage
The report does not provide information on the company’s revenue streams, customer base, supply chain, and competitive advantage.
Financial Analysis
Income Statement
The company’s loss for the year ended December 31, 2024, was RMB 4,509,000, representing a decline of 10.8% compared to the unaudited financial statements.
Balance Sheet
The company’s total equity was RMB (7,175,000) and RMB (7,175,000) under the unaudited and audited financial statements, respectively.
The company’s net liabilities per ordinary share were RMB (3.87) and RMB (4.02) under the unaudited and audited financial statements, respectively.
Cash Flow Statement
The company’s net cash used in operating activities was RMB (1,081,000) under the audited financial statements.
Key Facts and Investor Action
The company’s audited financial statements reveal a variance of RMB 6,564,000 in right-of-use assets and lease liabilities compared to the unaudited financial statements. This is due to the extension of the hotel lease by another 3 years.
The company’s investment in subsidiaries was impaired by RMB 431,000, resulting in a decrease in the company’s investment in subsidiaries.
Dividend and Earnings
No dividend is proposed.
Special Activity or Action
The company is taking steps to improve its profitability by extending the hotel lease and re-evaluating its investment in subsidiaries.
Report Date and Financial Year
The report date is April 14, 2025, and it is reporting for the financial year ended December 31, 2024.
Recommendation
For current investors:
HOLD: While the company’s financial performance has declined, the extension of the hotel lease and re-evaluation of its investment in subsidiaries may indicate a positive turnaround.
For potential investors:
BUY with caution: The company’s financial performance has declined, but the extension of the hotel lease and re-evaluation of its investment in subsidiaries may indicate a positive turnaround.
Disclaimer:
The recommendation is based solely on the information provided in the report and should not be considered as investment advice. Investors should conduct their own research and consult with financial advisors before making any investment decisions.
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Green Build Technology Limited: Net Profit Decline of 10.8% – A Comprehensive Analysis

Company Overview

Green Build Technology Limited is a Singapore-incorporated company engaged in the business of [no specific business operations mentioned]. The company and its subsidiaries operate in [no specific geographic footprint mentioned].

Business Description

The company’s core business operations, business segments, and geographic footprint are not explicitly stated in the report. However, based on the report, it appears that the company is involved in the hotel operations through its subsidiary, Hotel Nuve Elements Plus Pte. Ltd.

Industry Position and Competitors

The report does not provide information on the company’s position within the industry, its competitors, and its market share.

Revenue Streams, Customer Base, Supply Chain, and Competitive Advantage

The report does not provide information on the company’s revenue streams, customer base, supply chain, and competitive advantage.

Financial Analysis

Income Statement

* The company’s loss for the year ended December 31, 2024, was RMB 4,509,000, representing a decline of 10.8% compared to the unaudited financial statements.

Balance Sheet

* The company’s total equity was RMB (7,175,000) and RMB (7,175,000) under the unaudited and audited financial statements, respectively.

* The company’s net liabilities per ordinary share were RMB (3.87) and RMB (4.02) under the unaudited and audited financial statements, respectively.

Cash Flow Statement

* The company’s net cash used in operating activities was RMB (1,081,000) under the audited financial statements.

Key Facts and Investor Action

* The company’s audited financial statements reveal a variance of RMB 6,564,000 in right-of-use assets and lease liabilities compared to the unaudited financial statements. This is due to the extension of the hotel lease by another 3 years.

* The company’s investment in subsidiaries was impaired by RMB 431,000, resulting in a decrease in the company’s investment in subsidiaries.

Dividend and Earnings

* No dividend is proposed.

Special Activity or Action

* The company is taking steps to improve its profitability by extending the hotel lease and re-evaluating its investment in subsidiaries.

Report Date and Financial Year

* The report date is April 14, 2025, and it is reporting for the financial year ended December 31, 2024.

Recommendation

For current investors:

HOLD: While the company’s financial performance has declined, the extension of the hotel lease and re-evaluation of its investment in subsidiaries may indicate a positive turnaround.

For potential investors:

BUY with caution: The company’s financial performance has declined, but the extension of the hotel lease and re-evaluation of its investment in subsidiaries may indicate a positive turnaround.

Disclaimer:

The recommendation is based solely on the information provided in the report and should not be considered as investment advice. Investors should conduct their own research and consult with financial advisors before making any investment decisions.

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