<p>新加坡 Catalist 上市的汽車經銷商 Vin’s Holdings 報告截至 2025 年 12 月 31 日的下半年淨利潤為 170 萬新元。這標誌着與去年同期 53.5 萬新元的淨虧損相比的扭轉。</p>
<p>儘管下半年收入下降了 3.8%，降至 5310 萬新元，低於去年同期的 5520 萬新元，但半年的盈利迴歸得益於更強的利潤率，毛利潤激增 34.3%，達到 870 萬新元。</p>
<p>半年的每股收益為 0.0127 新元，而之前每股虧損為 0.0055 新元。</p>
<p>然而，全年集團淨利潤暴跌 76.2%，降至 48.4 萬新元，低於 2024 財年的 204 萬新元。全年收入下降 6.2%，降至 1 億零 200 萬新元，低於 1 億零 870 萬新元。</p>
<p>收入下降主要是由於汽車銷售、融資和租賃部門的銷售減少，儘管汽車售後服務部門的收入有所增加，部分抵消了這一影響。</p>
<p>汽車銷售收入是集團最大的貢獻者，下降了 7.4%，降至 8090 萬新元，主要受到經銷商庫存銷售大幅下降和二手車銷售略微下滑的影響。</p>
<p>全年收益的急劇下降主要受到管理費用上漲 29.1%，達到 1110 萬新元的影響。這主要是由於 2025 年 4 月在新加坡交易所 Catalist 上市相關的一次性費用 110 萬新元，以及由於員工人數增加導致的更高員工成本。</p>
<p>如果不考慮一次性上市費用，集團表示全年税前利潤將約為 190 萬新元。</p>
<p>預計信用損失的淨準備金增加也拖累了盈利，增長了 36.7%，達到 110 萬新元，主要是針對某些貸款風險的特定準備金。</p>
<p>2025 財年未宣派股息，集團計劃保留收益用於資本支出和營運資金需求。</p>
<p>它預計運營環境將保持競爭激烈，並指出競爭加劇對車輛定價和利潤率施加了壓力。儘管如此，管理層仍持謹慎樂觀態度，提到行業的順風因素，如預期的配額證書供應增加和消費者對電動汽車的接受度上升。</p>
<p>在結果發佈前，其股票在週五（2 月 27 日）收盤時保持在 0.265 新元不變。</p>

<p>Vin’s Holdings 報告稱，2025 年下半年淨利潤為 170 萬新元，較去年虧損 53.5 萬新元有所恢復，儘管收入下降 3.8% 至 5310 萬新元。全年淨利潤下降 76.2% 至 48.4 萬新元，收入下降 6.2% 至 1 億 200 萬新元，主要由於汽車銷售減少。管理費用上升 29.1% 至 1110 萬新元，受到一次性上市費用的影響。公司未宣派股息，旨在保留收益以滿足未來需求。管理層對行業趨勢保持謹慎樂觀</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 上市的汽車經銷商 Vin’s Holdings 報告截至 2025 年 12 月 31 日的下半年淨利潤為 170 萬新元。這標誌着與去年同期 53.5 萬新元的淨虧損相比的扭轉。</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>儘管下半年收入下降了 3.8%，降至 5310 萬新元，低於去年同期的 5520 萬新元，但半年的盈利迴歸得益於更強的利潤率，毛利潤激增 34.3%，達到 870 萬新元。</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>半年的每股收益為 0.0127 新元，而之前每股虧損為 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，全年集團淨利潤暴跌 76.2%，降至 48.4 萬新元，低於 2024 財年的 204 萬新元。全年收入下降 6.2%，降至 1 億零 200 萬新元，低於 1 億零 870 萬新元。</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>收入下降主要是由於汽車銷售、融資和租賃部門的銷售減少，儘管汽車售後服務部門的收入有所增加，部分抵消了這一影響。</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>汽車銷售收入是集團最大的貢獻者，下降了 7.4%，降至 8090 萬新元，主要受到經銷商庫存銷售大幅下降和二手車銷售略微下滑的影響。</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>全年收益的急劇下降主要受到管理費用上漲 29.1%，達到 1110 萬新元的影響。這主要是由於 2025 年 4 月在新加坡交易所 Catalist 上市相關的一次性費用 110 萬新元，以及由於員工人數增加導致的更高員工成本。</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>如果不考慮一次性上市費用，集團表示全年税前利潤將約為 190 萬新元。</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>預計信用損失的淨準備金增加也拖累了盈利，增長了 36.7%，達到 110 萬新元，主要是針對某些貸款風險的特定準備金。</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 財年未宣派股息，集團計劃保留收益用於資本支出和營運資金需求。</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>它預計運營環境將保持競爭激烈，並指出競爭加劇對車輛定價和利潤率施加了壓力。儘管如此，管理層仍持謹慎樂觀態度，提到行業的順風因素，如預期的配額證書供應增加和消費者對電動汽車的接受度上升。</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>在結果發佈前，其股票在週五（2 月 27 日）收盤時保持在 0.265 新元不變。</p>
</div>

Vin’s Holdings 公佈下半年淨利潤為 S$170 萬，實現了扭虧為盈