Financial Performance - The group's revenue for the fiscal year ended December 31, 2024, was RM 622.4 million, a decrease of 10.0% compared to RM 691.9 million in 2023[6]. - The net profit for the fiscal year was RM 107.1 million, down 24.7% from RM 142.2 million in the previous year[6]. - Basic earnings per share for the fiscal year were 4.51 sen, down from 5.97 sen in 2023[5]. - The company reported a decrease in pre-tax profit to 108,579 thousand MYR in 2024 from 143,107 thousand MYR in 2023, a decline of about 24.2%[15]. - The company recorded a net profit of RM 107,128,000 for the year 2024, a decrease of 24.7% from RM 142,233,000 in 2023[29]. - The company incurred a loss of 200,020 thousand MYR from investing activities in 2024, compared to a loss of 110,512 thousand MYR in 2023, indicating a significant increase in investment outflows[16]. - The company reported a total of RM 10,796,000 in other income for 2024, down from RM 17,917,000 in 2023[35]. - The company generated a cash net amount of RM 140.0 million from operations, with cash and cash equivalents at RM 298.0 million as of December 31, 2024[95]. Assets and Equity - Total assets as of December 31, 2024, amounted to RM 1,193.5 million, an increase from RM 1,159.0 million in 2023[12]. - Total equity increased to RM 922.5 million in 2024 from RM 848.0 million in 2023[12]. - Cash and cash equivalents as of December 31, 2024, were RM 298.0 million, compared to RM 395.8 million in 2023[6]. - The company's total reserves increased to 910,153 thousand MYR in 2024 from 835,632 thousand MYR in 2023, marking an increase of approximately 8.9%[13]. - Trade receivables totaled 171,770 thousand MYR in 2024, down from 198,483 thousand MYR in 2023, indicating a reduction of approximately 13.4%[47]. Segment Performance - The Automation Testing Equipment (ATE) segment generated revenue of RM 224,390,000, down 50.4% from RM 452,254,000 in the previous year[33]. - The Factory Automation Solutions (FAS) segment reported revenue of RM 398,043,000, an increase of 66.3% compared to RM 239,596,000 in 2023[33]. - The medical segment's revenue grew over 100.0%, now accounting for 50.0% of total revenue, up from 21.4% in 2023, reflecting strong demand for precision medical solutions[67]. - The automotive segment experienced a significant decline of 56.6%, marking the first annual drop since 2017, while other segments like semiconductor and consumer products also saw reductions of 49.0% and 22.6% respectively[66]. - The optoelectronics segment rebounded, contributing approximately 13.0% to total revenue, up 23.6% from 9.5% the previous year, driven by increased demand for advanced sensors in mobile devices[70]. Dividends and Shareholder Actions - The board did not recommend any final dividend for the fiscal year ended December 31, 2024[6]. - The company approved a final dividend of 29,443 thousand MYR for 2023, which was not paid out in 2024[13]. - The proposed final dividend per ordinary share remains at 0.02 HKD for both 2024 and 2023, with total dividends of 28,834 thousand MYR in 2024 compared to 27,557 thousand MYR in 2023[45]. - The company announced a proposed privatization of Pentamaster International Limited on December 19, 2024, along with a special dividend of HKD 0.07 per share, totaling HKD 60,651,501, pending shareholder approval[119]. Operational Insights - The company is actively expanding its global customer base in the medical sector to meet evolving industry demands, with strategic investments in leading manufacturing technologies and automation processes[67]. - The company faces challenges from economic and geopolitical factors, including rising interest rates and trade barriers, impacting business expansion and capital investment[63]. - The company plans to complete a new production facility by the end of 2024, significantly enhancing its capacity to undertake larger and more complex projects[108]. - The company anticipates continued growth in the medical division, which remains the largest contributor to current orders, followed by the automotive and semiconductor sectors[99]. - The FAS division is expected to maintain its upward trajectory, driven by increasing adoption of manufacturing automation across various industries[100]. Financial Ratios and Expenses - Operating cash flow for the year was 140,018 thousand MYR, down from 216,751 thousand MYR in 2023, indicating a decrease of about 35.3%[16]. - Administrative expenses decreased from RM 76.2 million in 2023 to RM 69.9 million in 2024, primarily due to reduced employee costs and lower foreign exchange losses[91]. - The company's warranty provision increased to 3,019 thousand MYR in 2024 from 2,494 thousand MYR in 2023, reflecting a rise of about 21%[53]. Market Trends and Future Outlook - The group has observed an increasing trend towards automation integration in the renewable energy sector, particularly in solar energy manufacturing, aiming to enhance production efficiency and capacity[102]. - The group anticipates a continuous increase in demand for its testing equipment in India, driven by the rapid expansion of the semiconductor industry and favorable investment conditions[106]. - The semiconductor segment is expected to recover in the second half of 2024, driven by advancements in AI and high-performance computing[72].
槟杰科达(01665) - 2024 - 年度业绩