Financial Performance - Revenue for the year ended December 31, 2024, was RM 114,497,661, representing an increase of 34.3% compared to RM 85,217,638 in 2023[10] - Profit before taxation for 2024 was RM 13,294,344, a significant recovery from a loss of RM 2,667,003 in 2023[10] - Net profit for the year attributable to equity shareholders was RM 9,367,974, compared to a loss of RM 1,800,969 in the previous year[10] - Total assets as of December 31, 2024, amounted to RM 172,118,669, an increase from RM 163,262,553 in 2023[10] - Total liabilities were RM 45,328,843, slightly up from RM 44,387,056 in 2023[10] - Net assets increased to RM 126,789,826 from RM 118,875,497 in 2023, reflecting a growth of 9.6%[10] - The Group achieved approximately RM114.50 million in revenue for FY2024, representing a 34.36% increase compared to RM85.22 million in FY2023, primarily due to increased sales of coconut powder and coconut milk[36] - The gross profit margin improved to approximately 25.51% in FY2024 from 20.35% in FY2023[36] - The financial performance for FY2024 reflects a healthy position despite challenges in the global coconut industry[28] Market Strategy and Outlook - The company aims to expand its market presence globally, focusing on high-quality coconut food products[4] - Future outlook includes the introduction of new product lines and enhancements in technology to improve production efficiency[4] - The company is committed to achieving superior returns and sharing success with all stakeholders involved[4] - Strategic initiatives may include potential mergers and acquisitions to enhance market share and operational capabilities[4] - The Group anticipates rising coconut prices and operating costs, indicating a competitive business environment ahead[29] - The Group remains optimistic about the growth of the coconut industry and will focus on improving product quality and cost-effectiveness[30] Management and Leadership - The Group's overall management and strategic planning are overseen by experienced executives with extensive industry backgrounds[42] - Tang has over 27 years of experience in the food industry, having held various positions including General Manager and Managing Director at S & P Food Industries[47] - Lee has accumulated over 40 years of experience in the food industry, responsible for sales, marketing, and factory operations at S & P Food Industries[50] - Yap has over 34 years of experience in the food industry, primarily responsible for implementing new projects and providing technical support at S & P Industries[52] - Wong has over 20 years of experience in the food industry, currently serving as General Operations Manager at S & P Industries[60] - Dato' Mohd Ibrahim was appointed as Chairman on August 29, 2024, and has held various senior positions in multiple companies listed on the KLSE[62] - The company has a strong management team with extensive experience across various sectors of the food industry, enhancing its operational capabilities[59] - The management team has a diverse background, contributing to strategic decision-making and operational efficiency[60] - The company aims to leverage its experienced leadership to drive growth and innovation in the food sector[62] Sustainability and ESG Initiatives - The Group is committed to balancing business growth with environmental, social, and governance considerations[30] - The ESG Report outlines sustainability approaches and discloses ESG performances for the period from January 1, 2024, to December 31, 2024[91] - The Group adheres to the ESG Reporting Guide issued by HKEX to disclose sustainability issues during the reporting period[93] - The reporting principles include materiality, quantitative, balance, and consistency, ensuring comprehensive and transparent disclosures[97] - The Group identifies current material sustainability issues through stakeholder engagement and materiality assessment, confirmed by the Board of Directors[98] - Environmental and social key performance indicators (KPIs) are disclosed in a quantitative manner, with historical data provided for comparison[98] - The Group aims to present its ESG achievements and challenges in a fair and transparent manner to all stakeholders[98] - The Board oversees the Group's ESG strategies and risk management related to sustainable development[121] - Monthly meetings are held to monitor ESG-related targets and performance, ensuring timely achievement of relevant goals[124] Quality Control and Compliance - The company emphasizes high food quality and safety as essential for customer satisfaction, supported by an in-house chemical and microbiological testing laboratory[144] - The company has achieved multiple certifications including HACCP, FSSC 22000v5, and ISO 9001:2015, enhancing customer confidence in product quality[145] - During the reporting period, there were no significant non-compliance issues with applicable laws and regulations impacting the company[146] - All incoming raw materials undergo quality assessments, including checks on weight, acidity, and physical appearance, ensuring adherence to quality standards[149] - A comprehensive final test is conducted on finished products, including random sampling checks for various quality parameters and microbiological tests[154] - The Group's commitment to customer satisfaction includes strict quality control and a structured complaint handling process[160] Employee and Workforce Management - As of December 31, 2024, the Group employs a total of 375 employees, an increase from 337 employees as of December 31, 2023[174] - The overall turnover rate for 2024 was approximately 28%, consistent with the turnover rate of 2023[182] - The employee distribution by gender in 2024 was 31% male and 69% female, while in 2023 it was 28% male and 72% female[182] - The Group's workforce is predominantly located in Malaysia, accounting for 74% of total employees in 2024[181] - The age group distribution in 2024 shows that 41% of employees are aged 30 or below, while 31% are aged 31-40[181] - The Group emphasizes a zero-tolerance policy towards discrimination in employment practices, ensuring fairness and equity[187] - Performance appraisals are conducted regularly to assess employee performance and determine promotions and bonuses[188] - The Group is committed to providing a harmonious working environment and professional development opportunities for its employees[185]

Financial Performance - Revenue for the fiscal year ending December 31, 2024, increased by 34.36% to MYR 114,497,661 compared to MYR 85,217,638 in 2023[2] - Operating profit turned positive at MYR 14,670,835, a significant improvement from a loss of MYR 609,161 in the previous year[2] - Net profit for the year reached MYR 9,368,508, compared to a loss of MYR 1,798,324 in 2023, marking a turnaround of over 100%[2] - Total comprehensive income for the year was MYR 7,914,329, up from MYR 1,323,277 in 2023[7] - The pre-tax profit for the fiscal year 2024 is RM 13,294,344, compared to a loss of RM 2,667,003 in fiscal year 2023, indicating a significant turnaround[28] - For the fiscal year 2024, the company recorded a profit after tax of approximately 9.37 million Malaysian Ringgit, compared to a loss of about 1.80 million Malaysian Ringgit in fiscal year 2023, primarily due to increased revenue and gross profit[49] Revenue Breakdown - The company's revenue from coconut-related products for the fiscal year 2024 was 102,611,961 Malaysian Ringgit, an increase of 31.7% from 78,019,025 Malaysian Ringgit in fiscal year 2023[22] - Total revenue for the fiscal year 2024 reached 114,497,661 Malaysian Ringgit, up 34.3% from 85,217,638 Malaysian Ringgit in fiscal year 2023[22] - The company identified a significant customer, Company A, contributing 34,400,525 Malaysian Ringgit, which represents 30.1% of total revenue for fiscal year 2024, compared to 19,405,046 Malaysian Ringgit in fiscal year 2023[25] - Revenue from coconut-related products for fiscal year 2024 was approximately 102.61 million Malaysian Ringgit, an increase of about 31.52% or 24.59 million Malaysian Ringgit from approximately 78.02 million Malaysian Ringgit in fiscal year 2023[50] Profitability Metrics - Gross profit margin improved to 25.5% from 20.3%, reflecting a 5.2 percentage point increase[4] - The gross profit margin for fiscal year 2024 rose to 25.51%, up from 20.35% in fiscal year 2023, with gross profit increasing by approximately 68.46% or 11.87 million Malaysian Ringgit[49] - Basic and diluted earnings per share increased to MYR 0.87 from a loss of MYR 0.17 in the previous year[7] - The basic earnings per share for fiscal year 2024 is RM 0.87, compared to a loss of RM 0.17 per share in fiscal year 2023[31] Financial Position - Cash and cash equivalents increased by 70.56% to MYR 14,164,790 from MYR 8,304,999 in 2023[3] - Total assets less current liabilities rose by 22.61% to MYR 147,781,941 compared to MYR 120,528,270 in the previous year[3] - Current ratio improved significantly to 2.7 from 1.2, indicating better short-term financial health[4] - The company’s non-current assets totaled 105,480,045 Malaysian Ringgit in fiscal year 2024, down from 111,220,868 Malaysian Ringgit in fiscal year 2023[24] - Loans and borrowings decreased to approximately 22.11 million Malaysian Ringgit as of December 31, 2024, down by about 6.65 million Malaysian Ringgit from 28.76 million Malaysian Ringgit on December 31, 2023, primarily due to loan repayments[66] - The debt ratio was approximately 0.26 as of December 31, 2024, compared to 0.27 in 2023[67] Expenses and Costs - Financial costs decreased to 1,506,360 Malaysian Ringgit in fiscal year 2024 from 2,118,818 Malaysian Ringgit in fiscal year 2023, reflecting a reduction of 29%[26] - The income tax expense for fiscal year 2024 was 3,925,836 Malaysian Ringgit, compared to a tax credit of (868,679) Malaysian Ringgit in fiscal year 2023[27] - The company's selling and distribution expenses for fiscal year 2024 were approximately 4.97 million Malaysian Ringgit, an increase of about 69.73% from approximately 2.93 million Malaysian Ringgit in fiscal year 2023[53] - Personnel expenses, including salaries and benefits, increased to RM 14,014,553 in fiscal year 2024 from RM 12,908,027 in fiscal year 2023, reflecting a rise of approximately 8.6%[29] Inventory and Receivables - Total inventory increased to RM 28,969,531 in fiscal year 2024 from RM 23,292,226 in fiscal year 2023, reflecting a growth of approximately 24.5%[34] - Trade receivables rose to RM 19,656,191 in fiscal year 2024, up from RM 15,322,963 in fiscal year 2023, representing an increase of about 28.5%[35] - Trade payables increased to RM 9,528,304 in fiscal year 2024 from RM 6,255,199 in fiscal year 2023, marking an increase of approximately 52.5%[39] - Contract liabilities grew to RM 3,643,882 in fiscal year 2024, compared to RM 3,378,515 in fiscal year 2023, indicating an increase of about 7.8%[42] Future Outlook - The company anticipates a challenging period in the first half of fiscal year 2025 due to supply shortages and rising coconut prices, which are expected to dominate the global coconut market[59] - The company remains cautiously optimistic about the future development of the global coconut industry despite the current challenges[60] Corporate Governance - The audit committee reviewed the group's consolidated performance for the fiscal year 2024 and confirmed compliance with applicable accounting standards and disclosure requirements[85] - Forvis Mazars PLT has agreed to the preliminary announcement data for the group's performance, equivalent to the draft consolidated financial statements for the fiscal year 2024[86] - The board of directors consists of seven members, including four executive directors and three independent non-executive directors[88]

Financial Performance - Revenue for the six months ended June 30, 2024, was RM 56,331,822, representing a 39.42% increase compared to RM 40,403,890 in the same period of 2023[4] - Operating profit for the same period was RM 3,943,529, a significant turnaround from an operating loss of RM 3,447,941 in 2023, indicating a greater than 100% improvement[4] - The company reported a net profit attributable to owners of RM 3,247,950, compared to a loss of RM 4,556,561 in the prior year, marking a greater than 100% change[4] - Total comprehensive income for the period was RM 5,458,109, compared to a loss of RM 392,229 in the same period last year[9] - The company reported a net loss of MYR 1.8 million for the period, an improvement from a loss of MYR 4.6 million in the same period last year[13] - The company reported a profit attributable to equity shareholders of MYR 3,247,950 for the six months ended June 30, 2024, compared to a loss of MYR 4,556,561 in the same period of 2023, marking a significant turnaround[31] - Basic earnings per share for the six months ended June 30, 2024, was MYR 0.30, compared to a loss per share of MYR 0.42 for the same period in 2023[31] Cash and Liquidity - Cash and cash equivalents increased by 59.51% to RM 13,247,095 from RM 8,304,999[5] - Cash and cash equivalents rose significantly to MYR 13.2 million from MYR 8.3 million, marking an increase of 59.5%[15] - Operating cash flow for the six months ended June 30, 2024, was MYR 8.6 million, compared to MYR 9.4 million in the previous year, indicating a decrease of 9.5%[16] - The company maintained a strong financial position with a net cash status as of June 30, 2024, ensuring the ability to meet debt obligations[61] - As of June 30, 2024, the group's cash and cash equivalents amounted to approximately 13.25 million Malaysian Ringgit, an increase of about 4.95 million Malaysian Ringgit from approximately 8.30 million Malaysian Ringgit as of December 31, 2023[63] Assets and Liabilities - Total assets increased to MYR 168.4 million as of June 30, 2024, compared to MYR 163.3 million as of December 31, 2023, reflecting a growth of 7.3%[10] - Total liabilities decreased slightly to MYR 44.1 million from MYR 44.4 million, a reduction of 0.7%[11] - The company’s equity attributable to shareholders increased to MYR 124.3 million from MYR 118.9 million, representing a growth of 4.0%[10] - Non-current loans and borrowings as of June 30, 2024, were MYR 28,283,719, slightly down from MYR 28,761,070 as of December 31, 2023[40] - Total loans and borrowings as of June 30, 2024, were approximately 28.28 million Malaysian Ringgit, a decrease of about 0.48 million Malaysian Ringgit from approximately 28.76 million Malaysian Ringgit as of December 31, 2023, primarily due to loan repayments[63] - The debt-to-asset ratio as of June 30, 2024, was approximately 0.262 times, down from 0.272 times as of December 31, 2023[64] Revenue Breakdown - Revenue from coconut-related beverage products amounted to MYR 55,010,156, up from MYR 37,962,868, indicating a growth of 45.0%[23] - Revenue from Southeast Asia increased to MYR 20,163,607, a rise of 28.9% from MYR 15,715,461 in the previous year[26] - The company reported other income of MYR 310,495, which is an increase from MYR 275,608 in the prior year[27] - Financial income from interest on financial assets calculated using the effective interest method was MYR 34,872, compared to MYR 4,570 in the previous period[28] Cost and Expenses - Gross profit margin improved to 23.24% from 19.72%, reflecting a 3.52 percentage point increase[6] - The cost of goods sold for the six months ended June 30, 2024, was MYR 43,239,474, an increase of 33.2% compared to MYR 32,434,833 in the same period of 2023[35] - Administrative expenses for the first half of 2024 were approximately 5.04 million Malaysian Ringgit, an increase from about 4.64 million Malaysian Ringgit in the first half of 2023[53] Investments and Capital Expenditures - The company invested MYR 4.2 million in property, plant, and equipment during the period, up from MYR 1.7 million in the previous year, indicating a significant increase in capital expenditure[16] - Capital expenditures for the first half of 2024 were approximately 0.46 million Malaysian Ringgit, slightly up from approximately 0.44 million Malaysian Ringgit in the first half of 2023[66] Corporate Governance - The audit committee, consisting of three independent non-executive directors, reviewed the interim results for the first half of 2024[84] - The company has complied with all applicable corporate governance codes during the first half of 2024[82] - The company maintains a commitment to good corporate governance practices, ensuring a balanced board composition[82] - The company has adopted a standard code for securities trading by directors, confirming compliance in the first half of 2024[83] Employee and Shareholder Information - The company had 354 employees as of June 30, 2024, with a focus on performance-based compensation and regular training programs[71] - Major shareholders include TYJ and Yeow Geok Tiang, each holding 567,000,000 shares, representing 52.5% of the company[76] - Trinity and Goh Soo Cheng each hold 243,000,000 shares, accounting for 22.5% of the company[76] - The total issued shares of the company as of June 30, 2024, is 1,080,000,000[77] Other Information - The company has not adopted any new accounting standards that would significantly impact its financial performance during the reporting period[20] - The financial results for the first half of 2024 have not been audited and were reviewed and approved by the board on August 29, 2024[19] - There are no significant events requiring disclosure after June 30, 2024, up to the date of this interim report[81] - The company did not have any significant investments or capital commitments as of June 30, 2024[67] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures in the first half of 2024[67] - The company has no foreign exchange hedging policy but closely monitors foreign exchange risks[68] - No interim dividend was declared for the first half of 2024[69] - The company did not repurchase any of its listed securities in the first half of 2024[80]

Financial Performance - Revenue for the six months ended June 30, 2024, was MYR 56,331,822, representing a 39.42% increase from MYR 40,403,890 in the same period of 2023[1] - Operating profit for the period was MYR 3,943,529, compared to a loss of MYR 3,447,941 in the previous year, indicating a significant turnaround[1] - Net profit attributable to equity holders was MYR 3,247,396, a substantial recovery from a loss of MYR 4,557,113 in the prior year[1] - Total comprehensive income for the period was MYR 5,458,109, a significant improvement from a loss of MYR 392,229 in the previous year[4] - The company reported a basic and diluted earnings per share of 0.30 sen, recovering from a loss of 0.42 sen[6] - Revenue for the first half of 2024 was approximately RM 56.33 million, an increase of about 39.42% from RM 40.40 million in the first half of 2023, primarily driven by increased sales of coconut milk powder[31] - Gross profit for the first half of 2024 increased by approximately RM 5.12 million or 64.29%, with a gross profit margin rising to 23.24% from 19.72% in the first half of 2023[31] - The group recorded a profit attributable to equity shareholders of approximately 3.25 million Malaysian Ringgit in the first half of 2024[39] Assets and Liabilities - Cash and cash equivalents increased by 59.51% to MYR 13,247,095 from MYR 8,304,999 as of December 31, 2023[2] - Current assets net worth surged over 100% to MYR 33,496,110 from MYR 9,307,402[2] - Total assets increased to MYR 168,400,491 from MYR 163,262,553, showing growth in the company's asset base[7] - Total liabilities decreased to MYR 44,066,885 as of June 30, 2024, from MYR 44,387,056 as of December 31, 2023, indicating a reduction of about 0.7%[8] - Total assets minus current liabilities increased to MYR 141,469,287 as of June 30, 2024, up from MYR 120,528,270 as of December 31, 2023, reflecting a growth of approximately 17.3%[8] - The company’s total equity and liabilities amounted to MYR 168,400,491 as of June 30, 2024, compared to MYR 163,262,553 as of December 31, 2023, indicating an increase of approximately 3.9%[8] - The company’s total loans and borrowings as of June 30, 2024, were RM 28,283,719, slightly down from RM 28,761,070 as of December 31, 2023, showing stable financial leverage[25] - Loans and borrowings decreased to approximately 28.28 million Malaysian Ringgit as of June 30, 2024, from about 28.76 million Malaysian Ringgit as of December 31, 2023, a decrease of approximately 1.67%[44] - The debt-to-equity ratio was approximately 0.262 times as of June 30, 2024, compared to 0.272 times as of December 31, 2023[45] Revenue Sources - Total revenue for coconut-related beverage products reached MYR 55,010,156 for the six months ended June 30, 2024, compared to MYR 37,962,868 in the same period of 2023, representing a growth of approximately 45.0%[14] - Revenue from other sources, including sublease income, increased to MYR 310,495 for the six months ended June 30, 2024, compared to MYR 275,608 in the same period of 2023, representing a growth of about 12.6%[17] - Revenue from Southeast Asia increased to MYR 20,163,607 for the six months ended June 30, 2024, compared to MYR 15,715,461 in the same period of 2023, representing a growth of approximately 28.9%[16] Expenses and Costs - The company’s workforce costs, including salaries and other benefits, increased to MYR 6,768,155 for the six months ended June 30, 2024, compared to MYR 6,206,350 in the same period of 2023, reflecting a rise of about 9.1%[19] - The company reported a decrease in interest expenses on financial liabilities not measured at fair value through profit or loss, which fell to MYR 722,841 in the first half of 2024 from MYR 1,100,876 in the same period of 2023, a reduction of approximately 34.3%[18] - The company’s depreciation expense for property, plant, and equipment was MYR 3,449,020 for the six months ended June 30, 2024, slightly down from MYR 3,664,261 in the same period of 2023, a decrease of about 5.9%[19] - Sales and distribution expenses rose to approximately 2.02 million Malaysian Ringgit in the first half of 2024, up from about 1.50 million Malaysian Ringgit in the same period of 2023, an increase of approximately 34.67%[34] - Administrative expenses increased to approximately 5.04 million Malaysian Ringgit in the first half of 2024, compared to about 4.64 million Malaysian Ringgit in the same period of 2023, an increase of approximately 8.63%[35] - Other expenses decreased to approximately 2.40 million Malaysian Ringgit in the first half of 2024 from about 5.55 million Malaysian Ringgit in the same period of 2023, a reduction of approximately 56.75%[36] - Net finance costs decreased to approximately 0.70 million Malaysian Ringgit in the first half of 2024 from about 1.11 million Malaysian Ringgit in the same period of 2023, a decrease of approximately 37.84%[37] Corporate Governance - The company has adopted the corporate governance code as per the listing rules and has complied with all applicable provisions in the first half of 2024[55] - The board consists of seven members, including four executive directors and three independent non-executive directors, meeting the requirement for independence[58] - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited interim results for the first half of 2024 and agreed with the accounting principles adopted[57] Future Plans - The group plans to continue exploring new and potential coconut markets to enhance its distribution channels and market competitiveness[40]

S&P International Holding Limited 椰豐集團有限公司 ( Incorporated in the Cayman Islands with limited liability ) ( 於開曼群島註冊成立的有限公司 ) Stock Code 股份代號 : 1695 Annual Report 年報 2023 HEADQUARTERS & PRINCIPAL PLACE OF BUSINESS No. 27-3, Jalan PJU 5/13, Dataran Sunway, Kota Damansara, 47810 Petaling Jaya, Selangor Darul Ehsan, Malaysia. Tel 電話 : +603-6157 2226 Fax 圖文傳真 : +603-6157 5226 Email 電郵 : info@spfood.com Website 網址 : www.spfood.com S&P International Holding Limited 椰豐集團有限公司 C120915 S&P International Holding Limited ...

Financial Performance - Revenue for the year ended December 31, 2023, was RM 85,217,638, a decrease of 6.99% compared to RM 91,623,708 in 2022[2] - The company reported an operating loss of RM 609,161 for 2023, compared to an operating profit of RM 1,221,678 in 2022, indicating a significant decline[2] - Net financial costs increased by 62.70% to RM 2,057,842 in 2023 from RM 1,264,808 in 2022[2] - The net loss for the year was RM 1,798,324, more than double the loss of RM 890,365 reported in 2022[2] - The pre-tax loss for 2023 was RM 2,667,003 compared to RM 43,130 in 2022, indicating a significant increase in losses[36] - The basic loss per share for 2023 was RM 0.17, up from RM 0.08 in 2022, reflecting a deterioration in financial performance[39] - Other income for the fiscal year 2023 was 909,577 Malaysian Ringgit, significantly lower than 4,954,240 Malaysian Ringgit in 2022, reflecting a decline of approximately 81.7%[33] - The company's sales cost decreased by approximately 12.31% or 9.53 million Malaysian Ringgit to about 67.88 million Malaysian Ringgit in fiscal year 2023, which was a greater percentage decrease than revenue, due to cost control measures[56] - Gross profit margin increased to 20.35% in fiscal year 2023 from 15.51% in fiscal year 2022, resulting in a gross profit increase of approximately 22.00% or 3.13 million Malaysian Ringgit[56] Assets and Liabilities - Total assets decreased by 5.65% to RM 163,262,553 in 2023 from RM 173,072,500 in 2022[12] - Non-current assets totaled 111,220,868 Malaysian Ringgit in 2023, down from 119,958,516 Malaysian Ringgit in 2022, indicating a decrease of about 7.3%[31] - The company's equity increased slightly by 1.13% to RM 118,875,497 in 2023 from RM 117,552,220 in 2022[12] - Total loans and borrowings rose from RM 38,194,623 in 2022 to RM 28,761,070 in 2023, indicating a decrease of approximately 25%[43] - The debt ratio was approximately 0.272 as of December 31, 2023, compared to 0.321 in 2022[77] - As of December 31, 2023, the total value of assets pledged for bank financing was approximately RM 53.12 million, a decrease from RM 58.53 million in 2022[78] Cash Flow and Liquidity - Cash and cash equivalents rose by 93.16% to RM 8,304,999 in 2023 from RM 4,299,479 in 2022[4] - The current ratio decreased by 20.00% to 1.2 in 2023 from 1.5 in 2022, indicating a decline in short-term liquidity[5] - The company's cash and cash equivalents increased to approximately 8.30 million Malaysian Ringgit as of December 31, 2023, from approximately 4.30 million Malaysian Ringgit as of December 31, 2022, primarily due to increased cash generated from operations[75] Revenue Sources - The total revenue from coconut-related products for the fiscal year 2023 was 78,019,025 Malaysian Ringgit, a decrease of 7.5% from 84,392,486 Malaysian Ringgit in 2022[27] - The total revenue for the group in fiscal year 2023 was 85,217,638 Malaysian Ringgit, down from 91,623,708 Malaysian Ringgit in 2022, representing a decline of approximately 7%[27] - Revenue from coconut-related products was approximately 78.02 million Malaysian Ringgit in fiscal year 2023, a decrease of about 7.55% or 6.37 million Malaysian Ringgit from approximately 84.39 million Malaysian Ringgit in fiscal year 2022[57] - Major customer A contributed 19,405,046 Malaysian Ringgit to the total revenue in 2023, which is a decrease of 31.5% from 28,395,893 Malaysian Ringgit in 2022[32] Operational Highlights - The company continues to focus on manufacturing and distributing coconut-based food products, with plans for future product development and market expansion[15] - The impairment loss recognized for the liquid production plant amounted to 1,750,000 Malaysian Ringgit due to lower than expected utilization rates[25] - Total inventory decreased from RM 30,273,488 in 2022 to RM 23,292,226 in 2023, a reduction of approximately 23%[41] - Trade receivables increased from RM 11,842,599 in 2022 to RM 15,322,963 in 2023, representing a growth of about 29%[42] - Trade payables increased from RM 3,949,057 in 2022 to RM 6,255,199 in 2023, a rise of about 58%[45] - Contract liabilities increased from RM 2,060,323 in 2022 to RM 3,378,515 in 2023, reflecting a growth of approximately 64%[46] Corporate Governance - The company has complied with all applicable provisions of the corporate governance code during the fiscal year 2023[99] - The board consists of three independent non-executive directors, meeting the requirement of at least one-third independence[100] - The audit committee, composed of three independent non-executive directors, is responsible for reviewing the company's governance policies[100] - All independent non-executive directors have confirmed their independence as per the listing rules[102] - The audit committee has reviewed the group's performance for the fiscal year 2023, ensuring compliance with applicable accounting standards[103] - The independent auditor Mazars PLT has agreed to the preliminary announcement data, aligning with the group's consolidated financial statements for the fiscal year 2023[105] Future Outlook - The company remains optimistic about the long-term performance due to favorable coconut demand outlook while being vigilant about global uncertainties[68] - The group plans to hold its annual general meeting on May 24, 2024, to discuss shareholder matters[91]

Financial Performance - Revenue for the six months ended June 30, 2023, was MYR 40,403,890, a decrease of 18.25% compared to MYR 49,421,471 in the same period of 2022[9] - The company reported an operating loss of MYR 3,447,941 for the first half of 2023, compared to a loss of MYR 201,206 in the prior year, indicating a significant increase in losses[9] - The total loss attributable to owners of the company for the first half of 2023 was MYR 4,556,561, compared to MYR 651,929 in the same period of 2022, reflecting a substantial increase in losses[9] - The company reported a comprehensive loss of MYR 392,229 for the first half of 2023, compared to a comprehensive income of MYR 2,699,451 in the same period of 2022[13] - Basic and diluted loss per share for the first half of 2023 was MYR 0.42, compared to MYR 0.06 in the same period of 2022[13] - The group reported a net loss attributable to equity shareholders of MYR (4,556,561) for the six months ended June 30, 2023, compared to a loss of MYR (651,929) in the same period of 2022[48] - Other income for the six months ended June 30, 2023, was MYR 275,608, significantly down from MYR 2,412,182 in the previous year[41] - The company recorded a loss attributable to equity shareholders of approximately 4.56 million Malaysian Ringgit in the first half of 2023, compared to a loss of about 0.65 million Malaysian Ringgit in the same period of 2022[81] Financial Position - Cash and cash equivalents increased by 23.57% to MYR 5,312,995 as of June 30, 2023, up from MYR 4,299,479 at the end of 2022[9] - Total borrowings decreased by 20.96% to MYR 30,188,959 from MYR 38,194,623 at the end of 2022[9] - Total assets decreased from MYR 173,072,500 as of December 31, 2022, to MYR 163,544,388 as of June 30, 2023, representing a decline of approximately 5.3%[16] - Current assets decreased from MYR 53,113,984 to MYR 46,992,413, a reduction of about 11.5%[16] - Total liabilities decreased from MYR 55,520,280 to MYR 46,384,397, reflecting a decrease of approximately 16.5%[17] - Total equity attributable to shareholders decreased slightly from MYR 117,489,083 to MYR 117,097,370, a decline of about 0.33%[20] - The company's debt ratio was approximately 0.284 times as of June 30, 2023, compared to 0.321 times on December 31, 2022[92] Cash Flow and Investments - Cash generated from operating activities increased significantly to MYR 9,371,914 from MYR 1,332,252 year-on-year[22] - The company invested MYR 1,680,457 in property, plant, and equipment during the first half of 2023, down from MYR 4,506,783 in the same period of 2022[25] - The company reported a net cash outflow from financing activities of MYR 11,029,127 for the first half of 2023, compared to MYR 2,289,125 in the same period of 2022[25] - Capital expenditures for the first half of 2023 were approximately 0.44 million Malaysian Ringgit, significantly lower than about 7.02 million Malaysian Ringgit in the same period of 2022[94] Operational Metrics - The gross profit margin improved to 19.7% in the first half of 2023, up from 17.0% in the same period of 2022, indicating better cost management[10] - The gross profit for the first half of 2023 decreased by approximately 0.45 million MYR or 5.35%, with a gross margin of 19.72% compared to 17.04% in the first half of 2022[71] - Sales costs decreased by approximately 20.90% or 8.57 million MYR to about 32.43 million MYR in the first half of 2023, primarily due to reduced sales and cost control measures[71] - The company recorded a cost of sold inventory of MYR 32,434,833 for the six months ended June 30, 2023, down from MYR 40,999,758 for the same period in 2022[54] Shareholder Information - Tang Koon Fook holds 567,000,000 shares, representing 52.5% of the company, while Lee Sieng Poon holds 243,000,000 shares, representing 22.5%[111] - Major shareholders include TYJ and Trinity, holding 52.5% and 22.5% of the company shares, respectively[116] - The board of directors decided not to declare an interim dividend for the first half of 2023 during the meeting held on August 28, 2023[104] Corporate Governance - The company has complied with all mandatory disclosure requirements of the corporate governance code in the first half of 2023[122] - The company has three independent non-executive directors, meeting the requirement that at least one possesses appropriate professional qualifications or financial management knowledge[123] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the first half of 2023 and agreed with the accounting principles adopted by the group[125] - All directors confirmed compliance with the standard code of conduct for securities trading during the first half of 2023[124] Employee Information - As of June 30, 2023, the company had 354 employees, an increase from 325 employees as of June 30, 2022[105] - The company has adopted a share option scheme effective from July 11, 2017, to incentivize eligible participants to enhance performance efficiency and retain talent[105] - No share options were granted, exercised, or canceled in the first half of 2023, and there are no unexercised options as of June 30, 2023[108]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 S&P INTERNATIONAL HOLDING LIMITED 椰 豐 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1695） 截至二零二三年六月三十日止六個月 未經審核中期業績公告 財務摘要 主要財務表現 綜合損益表 截至六月三十日止六個月 二零二三年 二零二二年 百分比變動 馬來西亞 馬來西亞 令吉 令吉 （未經審核）（未經審核） ...

41*OUFSOBUJPOBM)PMEJOH-JNJUFE ᛝㅞ㢌ज़ᔿ㠴Ե۰ *ODPSQPSBUFEJOUIF$BZNBO*TMBOETXJUIMJNJUFEMJBCJMJUZ ᑇ㟃ᔵ⟙ම〥Նᅼ⒍⅛ᔿ㠴Ե۰ 4UPDL$PEF ⢙͙͇ 2022 Annual Report 年 報 MISSION & VISION OUR 使命與願景 我們的 S&P Group is passionate to deliver quality coconut food products with its natural flavour and nutritional attributes in a convenient form to the world whilst committed to achieve superior returns and sharing the success with all involved. We want to be the preferred global supplier of coconut food products. 椰豐集團銳意向全球提供天然風味、營養豐富、方便易食 的優質 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 S&P INTERNATIONAL HOLDING LIMITED 椰 豐 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1695） 截至二零二二年十二月三十一日 止年度年度業績公告 財務摘要 主要財務表現 綜合損益及其他全面收益表截至十二月三十一日止年度 二零二二年 二零二一年 百分比變動 馬來西亞 馬來西亞 令吉 令吉 收益 91,623,708 92,657,153 (1.12) ...