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]

Financial Performance - Revenue for the year ended December 31, 2023, was RM 85,217,638, a decrease of 6.1% compared to RM 91,623,708 in 2022[7] - Loss before taxation for 2023 was RM 2,667,003, compared to a loss of RM 43,130 in 2022[7] - The company reported a loss for the year of RM 1,798,324, compared to a loss of RM 890,365 in 2022, indicating a significant increase in losses[7] - Equity shareholders of the company attributed a loss of RM 1,800,969 in 2023, compared to RM 888,885 in 2022[7] - The Group achieved approximately RM85.22 million in revenue for FY2023, representing a decrease of approximately 7.00% compared to RM91.62 million in FY2022, primarily due to reduced sales of coconut powder and coconut milk[36] Assets and Liabilities - Total assets as of December 31, 2023, were RM 163,262,553, down from RM 173,072,500 in 2022, representing a decrease of 5.2%[7] - Total liabilities decreased to RM 44,387,056 in 2023 from RM 55,520,280 in 2022, a reduction of 20%[7] - Net assets increased slightly to RM 118,875,497 in 2023 from RM 117,552,220 in 2022, reflecting a growth of 1.1%[7] Management and Governance - The company has a strong management team with extensive experience in various aspects of the food industry, enhancing operational efficiency and strategic direction[52][55][63] - The company has a structured governance framework with independent directors overseeing audit and compliance matters[66] - Mr. Lee Sieng Poon has over 39 years of experience in the food industry, responsible for overall management, sales, marketing, and R&D since the establishment of the Group[52] - Mr. Yap Boon Teong has over 33 years of experience in the food industry, primarily responsible for implementing new projects and providing technical support to factory operations[55] - Ms. Wong Yuen Lee has over 19 years of experience in the food industry, overseeing human resources and IT matters as well as compliance[63] Strategic Focus and Future Plans - The company aims to be the preferred global supplier of coconut food products, focusing on quality and nutritional attributes[3] - Future strategies may include market expansion and new product development to enhance revenue streams[3] - The Group plans to focus on product innovation, quality improvement, and cost-effectiveness while enhancing its marketing and sales structure[30] - A long-term growth strategy will be adopted to build a sustainable business and strengthen in-house brands such as "Santan," "Cosip," and "Rasa Enak"[31] - The Group aims to enhance brand recognition through intensive digital brand building and expanding distribution network channels[31] Market and Industry Outlook - The Group anticipates a volatile future due to rising global costs and supply chain disruptions, but sees opportunities in the growing global coconut products and beverages market[29] - The overall business environment is expected to remain challenging due to inflationary pressures and increased operational costs[28] Environmental, Social, and Governance (ESG) Initiatives - The company adheres to the Environmental, Social and Governance Reporting Guide issued by the Hong Kong Exchanges and Clearing Limited, ensuring compliance with sustainability reporting standards[96] - The Group emphasizes the importance of stakeholder engagement and materiality assessment in determining the reporting scope and identifying significant sustainability issues[102] - The Group's reporting principles include materiality, quantitative disclosure, balance, and consistency, ensuring transparency and fairness in its ESG achievements and challenges[101] - The Group has established effective management policies and internal control systems for ESG issues, complying with the "comply or explain" provisions of the ESG Guide[128] - The Board oversees the Group's risk management related to sustainable development, ensuring compliance with ESG-related laws and regulations[122][126] Employee and Workforce Management - As of December 31, 2023, the Group employs a total of 337 employees, a decrease from 348 employees in 2022[184] - The overall turnover rate for 2023 was approximately 28%, down from approximately 36% in 2022[192] - The company maintains a zero-tolerance approach towards any form of discrimination in employment practices[200] - The employee demographic in Malaysia shows a gender distribution of 69% male and 31% female in 2023[188] - The company is committed to providing a safe working environment and attractive compensation and benefits for its employees[186] Product Quality and Safety - The Group has established an in-house chemical and microbiological testing laboratory to ensure high food quality and safety, critical for customer satisfaction[144] - The Group holds multiple certifications related to quality management and food safety, including HACCP and ISO 9001:2015, enhancing customer confidence in product quality[145] - The Group's quality control includes comprehensive testing of finished products for various parameters, ensuring high standards are met[155] - The production process of coconut milk involves ultra-high-temperature treatment to ensure hygiene and long shelf life while retaining maximum nutrients and natural flavor[114] Customer Satisfaction and Engagement - The Group is committed to enhancing customer satisfaction through continuous improvement in product quality and innovation[166] - The Group has implemented a "Customer Complaint Policy" to standardize the handling of customer complaints and ensure proper documentation[163] - The Group received zero material cases of product and service-related complaints during the reporting period, consistent with 2022[163]

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） ...

Financial Performance - Revenue for the year ended December 31, 2022, was RM 91,623,708, a slight decrease of 1.1% from RM 92,657,153 in 2021[5] - The company reported a loss before taxation of RM 43,130 for 2022, compared to a loss of RM 5,808,358 in 2021, indicating an improvement in financial performance[5] - Total assets as of December 31, 2022, were RM 173,072,500, an increase from RM 170,461,339 in 2021[5] - Total liabilities remained stable at RM 55,520,280 in 2022, compared to RM 55,522,699 in 2021[5] - Net assets increased to RM 117,552,220 in 2022 from RM 114,938,640 in 2021, reflecting a positive trend in the company's equity[6] - The Group achieved approximately RM91.62 million in revenue for FY2022, representing a decrease of approximately 1.1% compared to RM92.66 million in FY2021, primarily due to reduced sales of coconut milk and beverages[32] - The gross profit margin improved to approximately 15.5% in FY2022, up from approximately 11.9% in FY2021[32] - The financial performance improvement in FY2022 is attributed to the dedication and commitment of the staff, as well as the support from customers and business associates[34] Strategic Goals and Market Position - The company aims to be the preferred global supplier of coconut food products, focusing on quality and nutritional attributes[2] - Future strategies include expanding market presence and enhancing product offerings to drive growth[2] - The company is committed to achieving superior returns and sharing success with all stakeholders involved[2] - The business outlook for 2023 is fairly satisfactory, with expected sales expansion as many countries reopen their borders with few or no restrictions[25] - The Group is focusing on product innovation and research and development to enhance quality and strengthen its marketing and sales structure[27] - The Group aims to build a sustainable business and strong in-house brands such as "Santan", "Cosip", "Kerra", and "Rasa Enak" through intensive digital brand building and expanded distribution channels[31] Management and Governance - The company has maintained a consistent corporate governance structure to support its strategic objectives[3] - The company has a strong management team with diverse backgrounds in finance, operations, and human resources, enhancing its strategic planning and operational efficiency[47] - The company is committed to maintaining high standards in production and quality assurance, leveraging the expertise of its experienced management team[51] - The Group's financial management is overseen by Chief Financial Officer Ms. Celine Liew, who has over 20 years of experience in accounting and financial management[82] - The Director of Sales and Marketing, Ms. Soh Soo Fei, has over 30 years of experience in sales within the IT industry, enhancing the Group's strategic sales planning[83] Sustainability and Environmental Commitment - The company is committed to environmental sustainability with a zero waste policy[26] - The Group's commitment to sustainability is reflected in its ESG Report, which addresses material impacts and outlines sustainability strategies[85] - The Group adheres to the ESG Reporting Guide set out by the Hong Kong Exchanges and Clearing Limited to disclose sustainability issues during the reporting period[87] - The Group emphasizes the importance of corporate governance measures in conjunction with its ESG initiatives[87] - S&P International Holding Limited emphasizes sustainability as a core part of its growth strategy, focusing on environmental protection, quality control, and community investment[108] Product Quality and Safety - S&P International Holding Limited has established an in-house chemical and microbiological testing laboratory to ensure high food quality and safety, critical for customer satisfaction[133] - The company has received multiple certifications related to quality management and food safety, including FSSC 22000v5 and ISO 9001:2015, enhancing customer confidence in product quality[134] - A comprehensive final test is conducted on finished products, including random sampling checks for acidity, moisture levels, and the presence of pathogens like E.coli and salmonella[145] - The company maintains high production quality through advanced processing techniques, including ultra-high-temperature preservation for coconut milk[106] Employee and Workforce Management - As of December 31, 2022, the Group employed a total of 348 employees, an increase from 343 employees in 2021[171] - The overall turnover rate in 2022 was approximately 36%, up from approximately 26% in 2021[178] - The gender distribution of employees in 2022 was 80% male and 20% female, consistent with 2021[172] - The Group maintained a zero-tolerance policy towards discrimination in employment practices[187] - Performance appraisals are conducted regularly to evaluate employees' performance and determine promotions and bonuses[188] Stakeholder Engagement - The Group values stakeholder feedback on its sustainability performances and encourages communication via email[90] - Key stakeholders include employees, customers, business partners, shareholders, suppliers, government, and the community, with specific expectations outlined for each group[124][125] - The company emphasizes the importance of maintaining communication with stakeholders to align business strategies with their needs and expectations[123] - Continuous review of identified issues is undertaken to enhance sustainability performance and adapt to stakeholder feedback[128]

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) ...

Financial Performance - Revenue for the six months ended June 30, 2022, was RM 49,421,471, representing a 13.63% increase from RM 43,494,431 in the same period of 2021[10] - Operating loss significantly reduced to RM (201,206) from RM (8,689,006), a decrease of 97.68%[10] - Net loss attributable to owners of the company decreased by 92.72% to RM (651,929) compared to RM (8,949,570) in the previous year[10] - Total comprehensive income for the period was RM 2,699,451, a significant recovery from a loss of RM (6,883,979) in the prior year[14] - The company reported a pre-tax loss of MYR 652,467 for the six months ended June 30, 2022, an improvement from a loss of MYR 8,950,174 in the same period of 2021[23] - The company reported a loss attributable to equity shareholders of RM 651,929 for the year 2022, compared to a loss of RM 8,949,570 in 2021, indicating a significant improvement[54] - The basic loss per share decreased from RM 0.83 in 2021 to RM 0.06 in 2022, reflecting a reduction in losses[54] Revenue Breakdown - Revenue from coconut-related food products reached MYR 46,324,361 for the six months ended June 30, 2022, compared to MYR 40,595,194 in the same period of 2021, representing an increase of approximately 18%[37] - Total revenue for the group was MYR 49,421,471 for the six months ended June 30, 2022, up from MYR 43,494,431 in the previous year, indicating a growth of about 14%[41] - Revenue from the Southeast Asia region decreased to MYR 16,036,995 in 2022 from MYR 18,120,674 in 2021, a decline of approximately 11.5%[41] - The Middle East region saw an increase in revenue to MYR 7,323,810 in 2022 from MYR 6,557,742 in 2021, reflecting a growth of about 11.6%[41] - The company’s revenue from coconut beverage products was approximately 46.32 million Malaysian Ringgit in the first half of 2022, up from about 40.60 million Malaysian Ringgit in the same period of 2021, marking an increase of approximately 5.72 million Malaysian Ringgit[82] Cost and Expenses - Gross profit margin improved to 17.0% from 3.1%, indicating a more favorable cost structure[11] - The company recorded a cost of goods sold of RM 40,999,758 for the six months ended June 30, 2022, compared to RM 42,151,336 for the same period in 2021, indicating a decrease in cost[61] - Administrative expenses decreased to approximately 4.97 million Malaysian Ringgit in the first half of 2022 from about 5.46 million Malaysian Ringgit in the same period of 2021, due to cost-cutting measures[85] - The company’s other expenses increased to approximately 3.95 million Malaysian Ringgit, primarily due to foreign exchange losses, compared to about 2.71 million Malaysian Ringgit in the previous year[86] Assets and Liabilities - Total assets net value increased by 2.35% to RM 117,638,091 from RM 114,938,640[10] - Total assets increased to MYR 174,803,807 as of June 30, 2022, compared to MYR 170,461,339 as of December 31, 2021, reflecting a growth of 2%[17] - Non-current assets rose to MYR 112,955,849, up from MYR 109,133,355, marking an increase of approximately 2.6%[17] - Current assets totaled MYR 61,847,958, slightly up from MYR 61,327,984, indicating a marginal increase of 0.8%[17] - Total liabilities decreased to MYR 57,165,716 from MYR 55,522,699, showing a reduction of about 2.9%[19] Cash Flow and Financial Position - Cash and cash equivalents decreased by 47.84% to RM 6,954,167 from RM 13,331,950 as of December 31, 2021[10] - Operating cash flow for the six months was MYR 1,332,252, down from MYR 2,136,923 in the previous year, a decrease of 37.7%[23] - Financing activities resulted in a net cash outflow of MYR 2,289,125, down from MYR 4,871,274, indicating a decrease of 53%[26] - The group maintained a strong financial position with net cash status as of June 30, 2022, and was able to repay its debts during normal business operations[95] Investments and Capital Expenditures - The company invested MYR 4,506,783 in property, plant, and equipment, compared to MYR 7,965,360 in the prior year, a reduction of 43.5%[26] - The group incurred capital expenditures of approximately 7.02 million Malaysian Ringgit in the first half of 2022, compared to about 7.97 million Malaysian Ringgit in the first half of 2021, mainly related to the expansion and upgrading of the Perak factory[102] - Total property, plant, and equipment increased from RM 138,478,196 as of January 1, 2022, to RM 145,480,296 as of June 30, 2022, showing growth in asset investment[57] Shareholder Information - As of June 30, 2022, Tang Koon Fook holds 567,000,000 shares, representing 52.5% of the company[131] - Lee Sieng Poon owns 243,000,000 shares, accounting for 22.5% of the company[131] - The total issued shares of the company as of June 30, 2022, is 1,080,000,000[131] - Major shareholders include TYJ and Trinity, both holding 52.5% and 22.5% respectively[132] Corporate Governance and Compliance - The audit committee reviewed the unaudited interim consolidated results for the first half of 2022[140] - The company has adopted and complied with all applicable corporate governance codes as of the first half of 2022[138] - The company has confirmed compliance with the standard code for securities transactions by directors during the first half of 2022[139] Future Outlook and Plans - The group remains optimistic about the long-term prospects and profitability due to the global demand for coconut-based beverages, particularly coconut milk and coconut juice[93] - The company plans to package and sell raw coconut juice, identified as a new revenue source, utilizing the existing production facilities at the Perak factory[118] - The group plans to utilize approximately 75.5 million Hong Kong dollars (about 76.0% of the net proceeds) for the acquisition and installation of machinery and equipment for coconut milk production to expand and upgrade the Perak factory's production facilities[107]

Financial Performance - Revenue for the year ended December 31, 2021, was RM 92,657,153, an increase of 4% from RM 88,675,007 in 2020[6] - The company reported a loss before taxation of RM 5,808,358 for 2021, compared to a loss of RM 1,766,963 in 2020[6] - Total assets as of December 31, 2021, were RM 170,461,339, up from RM 165,162,412 in 2020, representing a 1.9% increase[6] - Total liabilities increased to RM 55,522,699 in 2021 from RM 48,767,228 in 2020, marking a 13.5% rise[6] - The net loss attributable to equity shareholders for the year was RM 3,402,980, compared to a loss of RM 3,017,053 in 2020[6] - The Group achieved approximately RM92.7 million in revenue for FY2021, representing a 4.5% increase compared to RM88.7 million in FY2020, primarily driven by increased demand for coconut milk and other food products[33] - The gross profit margin remained stable at 11.9% for FY2021, compared to 11.8% for FY2020, indicating consistent profitability despite market challenges[33] Strategic Goals and Market Position - The company aims to be the preferred global supplier of coconut food products, focusing on quality and nutritional attributes[2] - The Group anticipates improved export sales in 2022 as many countries transition to the endemic phase of COVID-19, which is expected to positively impact overall business performance[26] - The Group remains committed to producing innovative coconut-based food and beverage products tailored to consumer preferences, positioning itself as a preferred global supplier[24] - The company is focused on expanding its market presence and enhancing product offerings through research and development initiatives[48] Management and Governance - The company has a strong corporate governance structure with various committees overseeing operations and compliance[4] - The management discussion and analysis section provides insights into the company's strategies and market conditions[4] - The company has a strong management team with extensive experience across various sectors of the food industry, enhancing operational efficiency and strategic planning[61] - The Group's strategic planning and daily operations are overseen by Mr. Tang, ensuring alignment with market trends and business objectives[44] Sustainability and Environmental Initiatives - The company adheres to the Environmental, Social and Governance Reporting Guide, ensuring transparency in sustainability issues and performance[91] - The company is committed to sustainability, integrating it into daily operations and focusing on brand building to maintain its market leader position in the food and beverage industry[112][113] - A monthly meeting is held to plan and monitor ESG (Environmental, Social, and Governance) KPIs, with performance submitted to the Board for review and improvement[125] - The company has established a chemical and microbiological testing laboratory to ensure high food quality and safety, which is critical for customer satisfaction[133] - The company emphasizes energy conservation and emission reduction measures to improve energy efficiency and promote low-carbon operations[174] Employee and Stakeholder Engagement - The company emphasizes a people-oriented business philosophy, focusing on employee safety, attractive compensation, and career advancement[197] - The company engages with key stakeholders, including employees, customers, and suppliers, to gather feedback and assess material aspects impacting business operations[127] - The company has initiated an environmental awareness program since 2019, promoting low carbon and sustainability concepts to stakeholders[190] Challenges and Risk Management - The ongoing global supply chain disruptions and inflationary pressures due to the COVID-19 pandemic and geopolitical tensions are acknowledged as challenges to economic recovery[23] - The Directors will remain vigilant regarding potential challenges arising from the ongoing COVID-19 situation to minimize disruptions to business operations[31] - The company has formulated a "Climate Environmental Risk Assessment" to identify climate impacts and associated risks, including potential loss of sales due to new environmental laws[194]

Financial Performance - Revenue for the six months ended June 30, 2021, was RM 43,494,431, a 2% increase from RM 42,635,761 in 2020[12] - Operating loss increased by 19% to RM (8,689,006) compared to RM (7,320,983) in the previous year[12] - The company reported a total comprehensive loss of RM (6,883,979) for the six months ended June 30, 2021, compared to RM (4,357,003) in 2020[17] - Basic and diluted loss per share was RM (0.83) compared to RM (0.71) in the previous year[17] - The company reported a pre-tax loss of MYR 8,950,174 for the six months ended June 30, 2021, compared to a loss of MYR 7,690,158 in the same period of 2020[26] - The company reported a loss attributable to equity shareholders of RM 8,949,570 for the six months ended June 30, 2021, compared to a loss of RM 7,684,067 in the same period of 2020, representing an increase in loss of approximately 16.5%[49] - The basic loss per share for the six months ended June 30, 2021, was 0.83 sen, compared to 0.71 sen for the same period in 2020, indicating a deterioration in earnings per share[49] Revenue Breakdown - Revenue from coconut-related food products for the six months ended June 30, 2021, was RM 40,595,194, a decrease of 1.4% compared to RM 41,179,752 in the same period of 2020[36] - Revenue from Southeast Asia increased significantly to RM 18,120,674, up 27.5% from RM 14,171,664 in the same period of 2020[39] - Revenue from the Middle East decreased to RM 6,557,742, down 24.6% from RM 8,697,000 in the same period of 2020[39] Assets and Liabilities - Total assets decreased by 6% to RM 109,511,205 from RM 116,395,184 at the end of 2020[13] - Current assets decreased from MYR 69,778,615 to MYR 62,650,256, a reduction of about 10.19%[20] - Non-current liabilities decreased from MYR 31,759,751 to MYR 28,227,906, a decrease of approximately 11.14%[21] - Total liabilities increased from MYR 48,767,228 to MYR 53,434,069, an increase of about 9.67%[21] - The total equity attributable to shareholders decreased from MYR 116,327,945 to MYR 109,439,263, a decline of approximately 5.97%[20] Cash Flow and Investments - Cash and cash equivalents decreased by 25% to RM 24,286,102 from RM 32,592,186 at the end of 2020[13] - The company incurred a net cash outflow from operating activities of MYR 2,136,923, compared to an outflow of MYR 4,706,287 in the previous year[26] - The company invested MYR 7,965,360 in property, plant, and equipment during the period, compared to MYR 1,305,311 in the previous year[28] Operational Efficiency and Strategy - The company aims to improve operational efficiency and explore new market opportunities in the upcoming quarters[11] - The company’s management is focused on exploring sustainable strategies to maintain competitiveness in the new normal post-COVID-19[72] - The group remains optimistic about long-term prospects and profitability, focusing on the growth of coconut milk and coconut juice sales while optimizing production capacity[85] Production and Capacity - The production of coconut milk powder was temporarily halted due to COVID-19, impacting overall productivity and sales costs during the first half of 2021[69] - The company’s ultra-high temperature liquid production facility saw increased revenue due to sustained demand for liquid coconut products during the first half of 2021[72] - The production capacity for coconut milk powder and low-fat coconut flakes is expected to increase by 2,000 tons and 1,800 tons per year, respectively, upon the restoration of operations at the Johor factory[105] Shareholder Information - The company’s major shareholders include Tang Koon Fook with a 52.5% stake (567 million shares) and Lee Sieng Poon with a 22.5% stake (243 million shares)[121] - The total issued shares of the company as of June 30, 2021, were 1,080 million[125] Corporate Governance - The company has adopted and complied with all applicable code provisions of the Corporate Governance Code as set out in Appendix 14 of the Listing Rules during the first half of 2021[134] - The Audit Committee has reviewed the unaudited interim condensed consolidated results for the first half of 2021 and agreed with the accounting principles and practices adopted by the company[137]