SUNTAR ECO-CITY LIMITED ANNUAL REPORT 2025
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025The Group | 2024The Group | Source |
|---|---|---|---|
| Income statement | |||
| RevenueRMB'000 | 6,230 | 10,243 | PDF p. 44 |
| Cost of salesRMB'000 | (5,209) | (9,569) | PDF p. 44 |
| Gross profitRMB'000 | 1,021 | 674 | PDF p. 44 |
| Other operating incomeRMB'000 | 1,072 | 1,425 | PDF p. 44 |
| General and administrative expensesRMB'000 | (3,499) | (3,186) | PDF p. 44 |
| Distribution and selling expensesRMB'000 | (487) | (449) | PDF p. 44 |
| Monies received from customers not refundedRMB'000 | 2,527 | 2,000 | PDF p. 44 |
| Waiver of trade payables to third partiesRMB'000 | 1,166 | - | PDF p. 44 |
| Allowance for diminution in value of completed properties for saleRMB'000 | (229) | - | PDF p. 44 |
| Other operating expensesRMB'000 | - | (142) | PDF p. 44 |
| Share of results of associates, net of taxRMB'000 | (658) | 8,109 | PDF p. 44 |
| Profit before taxationRMB'000 | 913 | 8,431 | PDF p. 44 |
| Tax expenseRMB'000 | (170) | (208) | PDF p. 44 |
| Profit for the year, representing total comprehensive income for the yearRMB'000 | 743 | 8,223 | PDF p. 44 |
| Profit attributable to | |||
| Owners of the CompanyRMB'000 | 626 | 8,177 | PDF p. 44 |
| Non-controlling interestRMB'000 | 117 | 46 | PDF p. 44 |
| Earnings per share | |||
| Basic and diluted (RMB cents)RMB cents per share | 1.00 | 13.03 | PDF p. 44 |
Original report: PDF p. 44 ↗
The annexed notes form an integral part of and should be read in conjunction with these financial statements.
No separate Company income statement was printed on this page.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025The Group, 31 December 2025 | 2024The Group, 31 December 2024 | Source |
|---|---|---|---|
| Non-Current Assets | |||
| Right-of-use assetRMB'000 | 12,658 | 12,930 | PDF p. 43 |
| Property, plant and equipmentRMB'000 | 525 | 345 | PDF p. 43 |
| SubsidiariesRMB'000 | - | - | PDF p. 43 |
| AssociatesRMB'000 | 42,153 | 42,811 | PDF p. 43 |
| Deferred tax assetsRMB'000 | 292 | 292 | PDF p. 43 |
| Total non-current assetsRMB'000 | 55,628 | 56,378 | PDF p. 43 |
| Current Assets | |||
| Trade receivablesRMB'000 | 922 | 3,665 | PDF p. 43 |
| Other receivablesRMB'000 | 375 | 7,976 | PDF p. 43 |
| Completed properties for saleRMB'000 | 9,064 | 9,421 | PDF p. 43 |
| InventoriesRMB'000 | 331 | 330 | PDF p. 43 |
| Cash and cash equivalentsRMB'000 | 59,630 | 57,789 | PDF p. 43 |
| Total current assetsRMB'000 | 70,322 | 79,181 | PDF p. 43 |
| Assets | |||
| Total assetsRMB'000 | 125,950 | 135,559 | PDF p. 43 |
| Capital and Reserves | |||
| Share capitalRMB'000 | 162,713 | 162,713 | PDF p. 43 |
| ReservesRMB'000 | (63,282) | (63,895) | PDF p. 43 |
| Equity attributable to owners of the CompanyRMB'000 | 99,431 | 98,818 | PDF p. 43 |
| Non-controlling interestRMB'000 | 303 | 173 | PDF p. 43 |
| Total equityRMB'000 | 99,734 | 98,991 | PDF p. 43 |
| Current Liabilities | |||
| Trade payablesRMB'000 | 514 | 6,336 | PDF p. 43 |
| Other payablesRMB'000 | 24,441 | 29,005 | PDF p. 43 |
| Income tax payableRMB'000 | 1,261 | 1,227 | PDF p. 43 |
| Total current liabilities and total liabilitiesRMB'000 | 26,216 | 36,568 | PDF p. 43 |
| Equity and Liabilities | |||
| Total equity and liabilitiesRMB'000 | 125,950 | 135,559 | PDF p. 43 |
Original report: PDF p. 43 ↗
The OCR header printed only three value columns (Group 2025, Company 2025, Company 2024), but each row has four values; the first two are assigned to the Group (2025, 2024) and the last two to the Company (2025, 2024) by position. Column assignment is inferred from row structure.
The annexed notes form an integral part of and should be read in conjunction with these financial statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025The Company, 31 December 2025 | 2024The Company, 31 December 2024 | Source |
|---|---|---|---|
| Non-Current Assets | |||
| Right-of-use assetRMB'000 | - | - | PDF p. 43 |
| Property, plant and equipmentRMB'000 | - | - | PDF p. 43 |
| SubsidiariesRMB'000 | 131,406 | 131,406 | PDF p. 43 |
| AssociatesRMB'000 | - | - | PDF p. 43 |
| Deferred tax assetsRMB'000 | - | - | PDF p. 43 |
| Total non-current assetsRMB'000 | 131,406 | 131,406 | PDF p. 43 |
| Current Assets | |||
| Other receivablesRMB'000 | 258 | 219 | PDF p. 43 |
| Cash and cash equivalentsRMB'000 | 187 | 387 | PDF p. 43 |
| Total current assetsRMB'000 | 445 | 606 | PDF p. 43 |
| Assets | |||
| Total assetsRMB'000 | 131,851 | 132,012 | PDF p. 43 |
| Capital and Reserves | |||
| Share capitalRMB'000 | 162,713 | 162,713 | PDF p. 43 |
| ReservesRMB'000 | (54,577) | (52,191) | PDF p. 43 |
| Equity attributable to owners of the CompanyRMB'000 | 108,136 | 110,522 | PDF p. 43 |
| Total equityRMB'000 | 108,136 | 110,522 | PDF p. 43 |
| Current Liabilities | |||
| Other payablesRMB'000 | 23,715 | 21,490 | PDF p. 43 |
| Total current liabilities and total liabilitiesRMB'000 | 23,715 | 21,490 | PDF p. 43 |
| Equity and Liabilities | |||
| Total equity and liabilitiesRMB'000 | 131,851 | 132,012 | PDF p. 43 |
Original report: PDF p. 43 ↗
Company column assignment is by position in rows with four values (last two values). The OCR header was garbled.
Cells printed '-' for the Company on rows where Group has values are included as '-'.
The annexed notes form an integral part of and should be read in conjunction with these financial statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, year ended 31 December 2025, RMB'000 | 2024Group, year ended 31 December 2024, RMB'000 | Source |
|---|---|---|---|
| Cash Flows from Operating Activities | |||
| Profit before taxationRMB'000 | 913 | 8,431 | PDF p. 46 |
| Operating loss before working capital changesRMB'000 | (2,355) | (2,016) | PDF p. 46 |
| Changes in trade receivablesRMB'000 | 2,743 | (2,077) | PDF p. 46 |
| Changes in other receivablesRMB'000 | 1 | 171 | PDF p. 46 |
| Changes in completed properties for saleRMB'000 | 128 | 92 | PDF p. 46 |
| Changes in inventoriesRMB'000 | (12) | (36) | PDF p. 46 |
| Changes in trade payablesRMB'000 | (2,129) | 1,888 | PDF p. 46 |
| Changes in other payablesRMB'000 | (6,546) | 6,334 | PDF p. 46 |
| Cash (used in)/generated from operationsRMB'000 | (8,170) | 4,356 | PDF p. 46 |
| Interest receivedRMB'000 | 869 | 812 | PDF p. 46 |
| Income tax paidRMB'000 | (136) | (110) | PDF p. 46 |
| Net cash (used in)/generated from operating activitiesRMB'000 | (7,437) | 5,058 | PDF p. 46 |
| Cash Flows from Investing Activities | |||
| Purchase of property, plant and equipmentRMB'000 | (304) | (133) | PDF p. 46 |
| Net cash generated from investing activitiesRMB'000 | 7,296 | 11,867 | PDF p. 46 |
| Cash Flows from Financing Activities | |||
| Advances from a directorRMB'000 | 1,982 | 2,211 | PDF p. 46 |
| Net cash generated from financing activitiesRMB'000 | 1,982 | 2,211 | PDF p. 46 |
| Cash and cash equivalents | |||
| Net increase in cash and cash equivalentsRMB'000 | 1,841 | 19,136 | PDF p. 46 |
| Cash and cash equivalents at beginning of yearRMB'000 | 57,789 | 38,653 | PDF p. 46 |
| Cash and cash equivalents at end of yearRMB'000 | 59,630 | 57,789 | PDF p. 46 |
Original report: PDF p. 46 ↗
* Less than RMB1,000 (effect of exchange rate changes shown as -* in both years).
Rows with a missing or ambiguous OCR cell are omitted: depreciation of right-of-use asset, depreciation of PPE, allowance for diminution, loss on PPE written off, inventories written off, repayment of advance from an associate, effect of exchange rate changes.
Note A: Group acquired PPE with aggregate cost of RMB304,000 (2024 - RMB152,000); cash payments RMB304,000 (2024 - RMB133,000); outstanding RMB19,000 (2024 - RMB19,000) payable in Other payables.
Note B: Advances from a director (Note 17): 2025 as at 1 January 19,774, cash flows proceeds 1,982, as at 31 December 21,756; 2024: 17,563, 2,211, 19,774 (RMB'000).
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Share capital, RMB'000 (column header not printed in OCR; inferred from balance sheet) | 2025Statutory reserves, RMB'000 (inferred) | 2025Accumulated losses, RMB'000 (inferred) | 2025Equity attributable to owners of the Company, RMB'000 (inferred) | 2025Non-controlling interest, RMB'000 (inferred) | 2025Total equity, RMB'000 (inferred) | Source |
|---|---|---|---|---|---|---|---|
| The Group | |||||||
| At 1 January 2024RMB'000 | 162,713 | 1,102 | (73,169) | 90,646 | 122 | 90,768 | PDF p. 45 |
| Profit for the year, representing total comprehensive income for the year (2024)RMB'000 | - | - | 8,177 | 8,177 | 46 | 8,223 | PDF p. 45 |
| Transfer to statutory reserves (2024)RMB'000 | - | 52 | (57) | (5) | 5 | - | PDF p. 45 |
| At 31 December 2024RMB'000 | 162,713 | 1,154 | (65,049) | 98,818 | 173 | 98,991 | PDF p. 45 |
| Profit for the year, representing total comprehensive income for the year (2025)RMB'000 | - | - | 626 | 626 | 117 | 743 | PDF p. 45 |
| Transfer to statutory reserves (2025)RMB'000 | - | 75 | (88) | (13) | 13 | - | PDF p. 45 |
| At 31 December 2025RMB'000 | 162,713 | 1,229 | (64,511) | 99,431 | 303 | 99,734 | PDF p. 45 |
Original report: PDF p. 45 ↗
Column headings are not present in the extracted text; the column order is inferred from values matching the statement of financial position (share capital 162,713; owners' equity 98,818/99,431; NCI 173/303; total 98,991/99,734).
The two profit rows and two transfer rows have identical labels in 2024 and 2025; the year suffix in original_label was added to distinguish them and is not printed.
Total comprehensive income equals profit for the year; there is no other comprehensive income.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group, RMB '000 | 2022Group, RMB '000 | 2023Group, RMB '000 | 2024Group, RMB '000 | 2025Group, RMB '000 | Source |
|---|---|---|---|---|---|---|
| Financial Highlights | ||||||
| RevenueRMB '000 | 10,733 | 15,791 | 35,418 | 10,243 | 6,230 | PDF p. 11 |
| Gross ProfitRMB '000 | 430 | 770 | 1,141 | 674 | 1,021 | PDF p. 11 |
| Profit before taxRMB '000 | 91 | 409 | 643 | 8,431 | 913 | PDF p. 11 |
| Profit after taxRMB '000 | 65 | 539 | 721 | 8,223 | 743 | PDF p. 11 |
| Current assetsRMB '000 | 76,493 | 70,764 | 70,223 | 79,181 | 70,322 | PDF p. 11 |
| Non-current assetsRMB '000 | 37,882 | 45,344 | 48,563 | 56,378 | 55,628 | PDF p. 11 |
| Total assetsRMB '000 | 114,375 | 116,108 | 118,786 | 135,559 | 125,950 | PDF p. 11 |
| Current liabilitiesRMB '000 | 24,867 | 26,061 | 28,018 | 36,568 | 26,216 | PDF p. 11 |
| Total liabilitiesRMB '000 | 24,867 | 26,061 | 28,018 | 36,568 | 26,216 | PDF p. 11 |
| Net current assetsRMB '000 | 51,626 | 44,703 | 42,205 | 42,613 | 44,106 | PDF p. 11 |
| Equity or Net assetsRMB '000 | 89,508 | 90,047 | 90,768 | 98,991 | 99,734 | PDF p. 11 |
| Basic and diluted earningsRMB cents | 0.13 | 0.74 | 1.02 | 13.03 | 1.00 | PDF p. 11 |
Original report: PDF p. 11 ↗
Row label wraps across lines: 'Basic and diluted earnings per share (RMB cents)'.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025The Group, RMB'000 | 2024The Group, RMB'000 | Source |
|---|---|---|---|
| Note 21 | |||
| Profit for the year attributable to owners of the CompanyRMB'000 | 626 | 8,177 | PDF p. 73 |
| Weighted average number of ordinary shares in issue during the year (‘000)'000 shares | 62,760 | 62,760 | PDF p. 73 |
| Note 21 Earnings per share (RMB cents) | |||
| - Basic and dilutedRMB cents | 1.00 | 13.03 | PDF p. 73 |
Original report: PDF p. 73 ↗
Diluted earnings per share is the same as the basic earnings per share because the Group has no dilutive potential ordinary shares in issue.
Debt
| Item / unit | 2025As at 1 January 2025, RMB'000 | 2025Cash flows - Proceeds 2025, RMB'000 | 2025As at 31 December 2025, RMB'000 | 2024As at 1 January 2024, RMB'000 | 2024Cash flows - Proceeds 2024, RMB'000 | 2024As at 31 December 2024, RMB'000 | Source |
|---|---|---|---|---|---|---|---|
| Note B: Reconciliation of liabilities arising from financing activities - | |||||||
| Advances from a director (Note 17)RMB'000 | 19,774 | 1,982 | 21,756 | 17,563 | 2,211 | 19,774 | PDF p. 47 |
The Group has no bank borrowings, bonds, or lease liabilities. The only financing liability is advances from a director, who is the ultimate controlling shareholder; these are unsecured, interest-free and repayable on demand (Note 17, p.70).
The same note gives 2024: opening 17,563, proceeds 2,211, closing 19,774.
Columns are the same as the 2025 table (as at 1 January, cash flows - proceeds, as at 31 December).
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| 17 Other payables | |||||
| Advances from a directorRMB'000 | 21,756 | 19,774 | 21,746 | 19,764 | PDF p. 70 |
Advances from a director of the Company, who is also the Company’s ultimate controlling shareholder, are unsecured, interest-free and repayable on demand.
The printed header labels all four columns as 'The Group'; the last two columns match the Company figures in the statement of financial position (Other payables 23,715 / 21,490), so they are shown as Company.
Note 24(d) states there is no non-current monetary item requiring liquidity maturity analysis, and the Group holds no variable rate financial assets or liabilities. No interest rate range, maturity bucket table or lease liability is disclosed.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Company does not have a policy on payment of dividends. | Company, FY2025 | PDF p. 31 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend in respect of FY2025 | the Board has not recommended dividends to be paid in respect of FY2025. | FY2025 | PDF p. 31 |
Extracted from SUNTAR ECO-CITY LIMITED ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | Foo Kon Tan LLP | Group and Company, FY2025 | PDF p. 42 |
| Engagement partner | Ling Guo Leng | Group and Company, FY2025 | PDF p. 42 |
| Auditor's report date | 31 March 2026 | Group and Company · As at 2026-03-31 | PDF p. 42 |
| Opinion | properly drawn up in accordance with the provisions of the Singapore Companies Act 1967 | Group and Company, year ended 31 December 2025 | PDF p. 38 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Impairment assessment of investment in associates (Note 7) | The impairment assessment of investments in associates is determined to be a key audit matter due to their materiality to the financial statements as well as the significant judgments applied to assess for any impairment indication and in regard to the method and key assumptions used in the estimation of the recoverable amount. | Group, 31 December 2025 | PDF p. 38 |
| Net realisable value of completed properties for sale (Note 11) | Therefore, we have determined the net realisable value of completed properties for sale to be a key audit matter. | Group, 31 December 2025 | PDF p. 39 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| 2(a) Going concern basis | As at 31 December 2025, the current liabilities of the Company have exceeded the current assets by RMB23,270,000 (2024 - RMB20,884,000). | Company | PDF p. 48 |
Extracted from SUNTAR ECO-CITY LIMITED ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow SUNTAR ECO-CITY LIMITED ANNUAL REPORT 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.