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[5]. - Gross profit decreased to 97.9 million MYR, down 2.5% from 100.5 million MYR year-on-year[5]. - Profit for the period was 62.7 million MYR, representing a decrease of 12.8% compared to 71.9 million MYR in the previous year[5]. - Basic earnings per share for the period were 2.64 sen, down from 3.02 sen in the previous year[5]. - Operating profit for the first half of 2024 was 63.9 million MYR, down from 72.8 million MYR in the same period last year[6]. - The company reported a net profit attributable to owners of RM 32,469 thousand for the three months ended June 30, 2024, a decrease of 13.8% compared to RM 37,548 thousand in the same period of 2023[7]. - The company's pre-tax profit for the six months ended June 30, 2024, was 63,626 thousand MYR, a decrease of 13.3% compared to 73,574 thousand MYR in the same period of 2023[11]. - EBITDA for the first half of 2024 was RM 72.9 million, down 9.4% from RM 80.5 million in the same period last year[47]. Cash Flow and Assets - 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[5]. - Total assets decreased to RM 1,113,191 thousand as of June 30, 2024, from RM 1,159,041 thousand as of December 31, 2023, representing a reduction of 3.9%[9]. - Non-current assets increased to RM 441,036 thousand as of June 30, 2024, compared to RM 354,566 thousand as of December 31, 2023, indicating a growth of 24.4%[8]. - Operating cash flow generated was 43,919 thousand MYR, down from 75,088 thousand MYR year-over-year, reflecting a decline of 41.5%[12]. - The group generated a positive cash flow of RM 43.9 million from operations in the first half of 2024, primarily used for the construction of the third factory[48]. Market and Segment Performance - Revenue from external customers in the Automation Testing Equipment segment was RM 142,608 thousand, while the Factory Automation Solutions segment generated RM 199,446 thousand[22]. - The automation testing equipment segment's revenue decreased by RM 117.1 million, from RM 259.7 million in H1 2023 to RM 142.6 million in H1 2024, primarily due to a decline in automotive sales and adverse factors in the semiconductor industry[42]. - The factory automation solutions segment achieved total revenue of RM 199.4 million in H1 2024, marking a significant increase of 141.9% compared to H1 2023[43]. - The medical equipment sector contributed RM 155.5 million, accounting for 45.5% of total revenue in H1 2024, compared to RM 34.4 million or 10.1% in H1 2023[44]. - The automotive segment's revenue dropped to RM 95.3 million in H1 2024, down 51.6% from RM 196.7 million in H1 2023, reflecting a significant market downturn[44]. - The semiconductor segment's contribution to revenue decreased to 6.2% in H1 2024, down from 15.0% in H1 2023, indicating a shift in market dynamics[44]. Strategic Initiatives - The company aims to diversify its business into the medical technology sector, leveraging automation solutions to enhance healthcare services[4]. - Future strategies include the development of advanced catheter assembly machines and high-performance catheter systems to meet evolving market demands[4]. - The group anticipates significant opportunities in the electric vehicle market due to regulatory support and expanding charging infrastructure[53]. - The group has identified growth factors including artificial intelligence and medical manufacturing automation as key drivers for future business development[52]. - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[10]. Shareholder and Governance Information - Major shareholders include PCB Pandanus Partners L.P. with a beneficial ownership of 1,533,549,989 shares, representing 63.90%[59]. - The company has a share reward plan adopted on April 1, 2020, aimed at recognizing employee contributions and retaining talent[61]. - The company has complied with all applicable provisions of the corporate governance code during the six months ending June 30, 2024[67]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2024[68]. Dividend and Equity - The company did not recommend any interim dividend for the six months ended June 30, 2024[5]. - The company's total equity increased to RM 885,209 thousand as of June 30, 2024, from RM 847,972 thousand as of December 31, 2023, reflecting an increase of 4.4%[9]. - The company did not declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[31].
槟杰科达(01665) - 2024 - 中期财报