<p>新加坡 Catalist 上市的汽车经销商 Vin’s Holdings 报告截至 2025 年 12 月 31 日的下半年净利润为 170 万新元。这标志着与去年同期 53.5 万新元的净亏损相比的扭转。</p>
<p>尽管下半年收入下降了 3.8%，降至 5310 万新元，低于去年同期的 5520 万新元，但半年的盈利回归得益于更强的利润率，毛利润激增 34.3%，达到 870 万新元。</p>
<p>半年的每股收益为 0.0127 新元，而之前每股亏损为 0.0055 新元。</p>
<p>然而，全年集团净利润暴跌 76.2%，降至 48.4 万新元，低于 2024 财年的 204 万新元。全年收入下降 6.2%，降至 1 亿零 200 万新元，低于 1 亿零 870 万新元。</p>
<p>收入下降主要是由于汽车销售、融资和租赁部门的销售减少，尽管汽车售后服务部门的收入有所增加，部分抵消了这一影响。</p>
<p>汽车销售收入是集团最大的贡献者，下降了 7.4%，降至 8090 万新元，主要受到经销商库存销售大幅下降和二手车销售略微下滑的影响。</p>
<p>全年收益的急剧下降主要受到管理费用上涨 29.1%，达到 1110 万新元的影响。这主要是由于 2025 年 4 月在新加坡交易所 Catalist 上市相关的一次性费用 110 万新元，以及由于员工人数增加导致的更高员工成本。</p>
<p>如果不考虑一次性上市费用，集团表示全年税前利润将约为 190 万新元。</p>
<p>预计信用损失的净准备金增加也拖累了盈利，增长了 36.7%，达到 110 万新元，主要是针对某些贷款风险的特定准备金。</p>
<p>2025 财年未宣派股息，集团计划保留收益用于资本支出和营运资金需求。</p>
<p>它预计运营环境将保持竞争激烈，并指出竞争加剧对车辆定价和利润率施加了压力。尽管如此，管理层仍持谨慎乐观态度，提到行业的顺风因素，如预期的配额证书供应增加和消费者对电动汽车的接受度上升。</p>
<p>在结果发布前，其股票在周五（2 月 27 日）收盘时保持在 0.265 新元不变。</p>

<p>Vin’s Holdings 报告称，2025 年下半年净利润为 170 万新元，较去年亏损 53.5 万新元有所恢复，尽管收入下降 3.8% 至 5310 万新元。全年净利润下降 76.2% 至 48.4 万新元，收入下降 6.2% 至 1 亿 200 万新元，主要由于汽车销售减少。管理费用上升 29.1% 至 1110 万新元，受到一次性上市费用的影响。公司未宣派股息，旨在保留收益以满足未来需求。管理层对行业趋势保持谨慎乐观</p>

<p>[SINGAPORE] Catalist-listed automotive dealer Vin’s Holdings reported a net profit of S$1.7 million for the second half ended Dec 31, 2025. This marked a turnaround from a net loss of S$535,000 in the corresponding period the year before.</p>
<div class="lb-trans"><p>新加坡 Catalist 上市的汽车经销商 Vin’s Holdings 报告截至 2025 年 12 月 31 日的下半年净利润为 170 万新元。这标志着与去年同期 53.5 万新元的净亏损相比的扭转。</p>
</div><p>This came despite a 3.8 per cent decline in H2 revenue to S$53.1 million, down from S$55.2 million in the year-ago period. The return to profitability for the half-year was buoyed by stronger margins, as gross profit surged 34.3 per cent to S$8.7 million.</p>
<div class="lb-trans"><p>尽管下半年收入下降了 3.8%，降至 5310 万新元，低于去年同期的 5520 万新元，但半年的盈利回归得益于更强的利润率，毛利润激增 34.3%，达到 870 万新元。</p>
</div><p>Earnings per share for the half-year stood at S$0.0127, compared to a loss per share of S$0.0055 previously.</p>
<div class="lb-trans"><p>半年的每股收益为 0.0127 新元，而之前每股亏损为 0.0055 新元。</p>
</div><p>For the full year, however, the group’s net profit plunged 76.2 per cent to S$484,000, from S$2.04 million in FY2024. Full-year revenue fell 6.2 per cent to S$102 million, from S$108.7 million.</p>
<div class="lb-trans"><p>然而，全年集团净利润暴跌 76.2%，降至 48.4 万新元，低于 2024 财年的 204 万新元。全年收入下降 6.2%，降至 1 亿零 200 万新元，低于 1 亿零 870 万新元。</p>
</div><p>The top-line decline was mainly due to lower sales across its car sales, financing, and rental segments, though this was partially offset by higher revenue in its automobile after-sales segment.</p>
<div class="lb-trans"><p>收入下降主要是由于汽车销售、融资和租赁部门的销售减少，尽管汽车售后服务部门的收入有所增加，部分抵消了这一影响。</p>
</div><p>Car sales revenue, the group’s largest contributor, fell 7.4 per cent to S$80.9 million, driven by a sharp decline in dealer floor stock sales and a slight drop in pre-owned car sales.</p>
<div class="lb-trans"><p>汽车销售收入是集团最大的贡献者，下降了 7.4%，降至 8090 万新元，主要受到经销商库存销售大幅下降和二手车销售略微下滑的影响。</p>
</div><p>The sharp drop in full-year earnings was heavily weighed down by a 29.1 per cent jump in administrative expenses to S$11.1 million. This was primarily driven by S$1.1 million in one-off listing expenses related to its SGX Catalist debut in April 2025, alongside higher staff costs due to an increased headcount.</p>
<div class="lb-trans"><p>全年收益的急剧下降主要受到管理费用上涨 29.1%，达到 1110 万新元的影响。这主要是由于 2025 年 4 月在新加坡交易所 Catalist 上市相关的一次性费用 110 万新元，以及由于员工人数增加导致的更高员工成本。</p>
</div><p>Excluding the one-off listing expenses, the group said it would have recorded a profit before tax of approximately S$1.9 million for the year.</p>
<div class="lb-trans"><p>如果不考虑一次性上市费用，集团表示全年税前利润将约为 190 万新元。</p>
</div><p>An increase in net allowance for expected credit losses also dragged on profitability, rising 36.7 per cent to S$1.1 million due to specific provisions made on certain loan exposures.</p>
<div class="lb-trans"><p>预计信用损失的净准备金增加也拖累了盈利，增长了 36.7%，达到 110 万新元，主要是针对某些贷款风险的特定准备金。</p>
</div><p>No dividend was declared for FY2025, as the group intends to retain its earnings for capital expenditure and working capital requirements.</p>
<div class="lb-trans"><p>2025 财年未宣派股息，集团计划保留收益用于资本支出和营运资金需求。</p>
</div><p>It expects the operating landscape to stay competitive, noting that heightened competition has increased pressure on vehicle pricing and margins. Nevertheless, management remains cautiously optimistic, citing industry tailwinds such as an anticipated increase in certificate of entitlement supply and rising consumer acceptance of electrified vehicles.</p>
<div class="lb-trans"><p>它预计运营环境将保持竞争激烈，并指出竞争加剧对车辆定价和利润率施加了压力。尽管如此，管理层仍持谨慎乐观态度，提到行业的顺风因素，如预期的配额证书供应增加和消费者对电动汽车的接受度上升。</p>
</div><p>Its counter ended Friday (Feb 27) unchanged at S$0.265 before the results were released.</p>
<div class="lb-trans"><p>在结果发布前，其股票在周五（2 月 27 日）收盘时保持在 0.265 新元不变。</p>
</div>

Vin’s Holdings 公布下半年净利润为 S$170 万，实现了扭亏为盈