Financial Performance - The company reported revenue of 342.1 million MYR for the six months ended June 30, 2024, nearly unchanged from 342.1 million MYR in the same period last year[4]. - The net profit for the period was 62.7 million MYR, a decrease of 12.8% compared to 71.9 million MYR in the previous year[4]. - Basic earnings per share for the six months ended June 30, 2024, were 2.64 sen, compared to 3.02 sen for the same period last year[4]. - The gross profit margin for the six months ended June 30, 2024, was approximately 28.6%, down from 29.4% in the previous year[4]. - The company’s operating profit for the six months ended June 30, 2024, was 63.9 million MYR, down from 72.8 million MYR in the previous year[5]. - The company recorded other income of 5.4 million MYR for the six months ended June 30, 2024, compared to 4.4 million MYR in the previous year[5]. - The company’s total comprehensive income for the period was 62.7 million MYR, down from 71.8 million MYR in the previous year[6]. - The company reported a profit before tax of 63,626 thousand MYR, with a net profit of 62,693 thousand MYR for the same period[21]. - The net profit attributable to the owners of the company for the six months ended June 30, 2024, was 62,694 thousand MYR, down from 71,871 thousand MYR in the same period of 2023, representing a decline of about 13%[29]. - The company’s total comprehensive income for the six months ended June 30, 2024, was 62,689 thousand MYR, down from 71,871 thousand MYR in the previous year, indicating a decline of approximately 12.8%[10]. Cash Flow and Liquidity - Cash and cash equivalents as of June 30, 2024, were 350.7 million MYR, down from 395.8 million MYR as of December 31, 2023[4]. - Cash generated from operating activities for the six months ended June 30, 2024, was 43,919 thousand MYR, compared to 75,088 thousand MYR for the same period in 2023, reflecting a decline of approximately 41.5%[11]. - Cash flow from investing activities showed a net cash outflow of 89,251 thousand MYR, significantly higher than the previous year's outflow of 44,870 thousand MYR[12]. - The company’s cash flow from operating activities before changes in working capital was 73,006 thousand MYR for the six months ended June 30, 2024, compared to 66,476 thousand MYR for the same period in 2023, indicating an increase of approximately 9.0%[11]. - Cash and cash equivalents decreased from RM 395.8 million on December 31, 2023, to RM 350.7 million on June 30, 2024, with no bank borrowings reported[46]. - The current ratio improved to 3.14 as of June 30, 2024, compared to 2.67 at the end of 2023, indicating a stronger liquidity position[45]. Assets and Liabilities - Total assets as of June 30, 2024, were 1,113.2 million MYR, a decrease from 1,159.0 million MYR as of December 31, 2023[7]. - Total equity as of June 30, 2024, is 885,210 thousand MYR, an increase from 847,972 thousand MYR as of December 31, 2023, representing a growth of approximately 4.4%[9]. - Total liabilities decreased to 227,982 thousand MYR as of June 30, 2024, down from 311,069 thousand MYR as of December 31, 2023, indicating a reduction of about 26.6%[9]. - The company’s retained earnings as of June 30, 2024, stood at 754,923 thousand MYR, an increase from 691,620 thousand MYR as of December 31, 2023, reflecting a growth of approximately 9.2%[10]. - Trade receivables aged 0 to 30 days decreased to 36,584 thousand MYR from 64,493 thousand MYR as of December 31, 2023, indicating a decline of approximately 43.3%[31]. - Contract liabilities as of June 30, 2024, were 65,138 thousand MYR, down from 137,940 thousand MYR as of December 31, 2023, representing a decrease of approximately 52.8%[35]. Segment Performance - The revenue contribution from the automation testing equipment segment was 143,056 thousand MYR, a significant decrease of 45.1% compared to 259,969 thousand MYR in the previous year[36]. - The factory automation solutions segment saw a revenue increase of 141.9%, reaching 205,139 thousand MYR compared to 88,546 thousand MYR in the same period of 2023[36]. - The revenue of the automation testing equipment segment decreased by approximately 117.1 million MYR, from 259.7 million MYR in H1 2023 to 142.6 million MYR in H1 2024, primarily due to a decline in automotive sales and adverse factors in the semiconductor industry[37]. - The automotive segment accounted for 63.9% of the automation testing equipment segment's market share, experiencing a significant decline of 52.9% compared to H1 2023[37]. - The optoelectronics segment saw a substantial increase of 97.0% in H1 2024, contributing 26.4% to the automation testing equipment segment, up from 7.4% in the same period last year[37]. - The semiconductor segment's contribution to the automation testing equipment segment's revenue decreased to approximately 9.0% in H1 2024, down from 17.9% in H1 2023[37]. - The medical equipment division's contribution to the factory automation solutions segment surged from 41.8% in H1 2023 to 78.0% in H1 2024[38]. Corporate Governance and Compliance - The company has adhered to the corporate governance code as per the listing rules for the six months ending June 30, 2024[55]. - The audit committee, established on December 19, 2017, includes two independent non-executive directors and one non-executive director, responsible for overseeing financial reporting and internal controls[57]. - The company has confirmed compliance with the standard code for securities trading by all directors for the six months ending June 30, 2024[56]. - The unaudited condensed consolidated financial statements for the six months ending June 30, 2024, have been reviewed by the audit committee[58]. - The interim results announcement will be published on the Hong Kong Stock Exchange and the company's website[59]. Future Outlook and Market Trends - The semiconductor testing equipment market is projected to grow by 7.4% in 2024, with assembly and packaging equipment sales expected to increase by 10.0% due to rising demand for advanced logic and memory applications[49]. - The group identified growth factors such as artificial intelligence, automotive electrification, and medical manufacturing automation as key drivers for business development[49]. - The group is optimistic about the electric vehicle market, citing strong structural fundamentals supported by regulatory backing and growing consumer demand[49]. - The group aims to expand its market presence in Europe, where its revenue contribution is currently below 10.0%, by establishing an office in Germany[49]. - The group has received orders from the solar manufacturing sector, indicating a trend towards automation in the industry[50].
槟杰科达(01665) - 2024 - 中期业绩