Financial Performance - For the year ended December 31, 2023, the company reported revenue of 451,007 thousand in 2022[2]. - Gross profit increased to 43,349 thousand in the previous year[2]. - The company achieved a profit of 4,384 thousand in 2022[2]. - Basic and diluted earnings per share were both 0.29 per share in the prior year[2]. - Operating profit for the year was 3,116 thousand in 2022[5]. - Total comprehensive income for the year was 7,833 thousand in the previous year[12]. - The net profit attributable to the company's owners was 4,386,000 in 2022[47]. - The basic earnings per share for 2023 was 0.29 per share in 2022[47]. Dividends - The proposed final dividend per share is 0.4588[2]. - The basic earnings per share for the year were 0.4588 per share, representing a payout ratio of 100%[94]. - The board proposes a final dividend of 0.2298 USD per share, pending approval at the 2024 Annual General Meeting[112]. Revenue Breakdown - Revenue from a single external customer in Japan amounted to approximately 53,734,000 in 2022[31]. - Revenue by geographic location showed a decline in Vietnam from 173,560,000 in 2023, a decrease of 10.9%[33]. - Revenue from the Vietnamese market was approximately 21,439,000 or 11% compared to 2022[58]. - Revenue from the Japanese market was approximately 12,038,000 or 14.5% compared to 2022[60]. - Revenue from the Chinese market was approximately 7,698,000 or 12.3% compared to 2022[61]. - The ASEAN market (excluding Vietnam) generated approximately 4,806,000 or 13.4% compared to 2022, with revenue share increasing from 8.0% to 8.1%[63]. - The U.S. market revenue for 2023 was approximately 11,800,000 or 32.5% from 2022, with revenue share decreasing from 8.0% to 6.3%[64]. - Other regions, including Taiwan, South Korea, and the EU, reported revenue of approximately 7,055,000 or 18.6%, with revenue share declining from 8.5% to 8.1%[65]. - Total revenue for the company in 2023 was approximately 64,836,000 or 14.4% from 2022[67]. Cost and Expenses - Total sales, distribution, and administrative expenses for 2023 were 454,342,000 in 2022, a reduction of 17.9%[42]. - The net financial expenses for 2023 were (553,000) in 2022, indicating an increase in financial costs[38]. - The company reported a net loss of 219,000 in 2022[41]. - The company recognized a decrease in trade receivables aged 0 to 30 days from 17,734,000 in 2023, a decline of 30%[41]. Assets and Liabilities - Total assets decreased to 405,972 thousand in 2022[20]. - Current liabilities decreased to 105,685 thousand in the previous year, indicating improved liquidity[20]. - Non-current liabilities reduced to 8,569 thousand, reflecting a decrease in long-term financial obligations[20]. - In 2023, the total cash and cash equivalents, short-term bank deposits, and structured bank deposits amounted to 2,549,000 or approximately 5.3% compared to the end of 2022[87]. - Total borrowings decreased by 43,654,000 by the end of 2023[87]. - The current ratio improved to 2.8 in 2023 from 2.3 in 2022, indicating a stable financial structure[88]. Strategic Plans and Market Outlook - The company plans to adopt the revised Hong Kong Financial Reporting Standards effective January 1, 2024, with no significant impact expected on the group's financials[27]. - The company operates a single business segment focused on manufacturing and selling fermented food additives and biochemical products, with no changes reported for 2023[29]. - The company plans to integrate sales channels and introduce new products to stimulate future sales growth in Vietnam[58]. - The company aims to expand its product offerings and develop high-value products in response to market challenges in Japan[60]. - The company plans to actively invest in new product specifications and develop new customers to improve product structure and implement flexible pricing strategies[72]. - The company will continue to promote high-value specialty fertilizer products and actively develop new sales channels[72]. - The company plans to expand its product line and optimize its product mix to enhance market share and sales profit[98]. - The company will actively explore new channels and markets, adjusting product positioning and sales methods to strengthen brand positioning and competitive advantage[99]. - The company aims to improve production technology and efficiency, focusing on key technologies to enhance core competitiveness[99]. - The company will maintain stable relationships with domestic and international suppliers to ensure a stable supply of raw materials[99]. - The company aims to accelerate strategic alliances and cross-industry collaborations to enhance R&D capabilities and expand new product operations, thereby increasing operational scale and performance[101]. - The company plans to establish a combat-ready organization and dedicated strategy teams to improve organizational efficiency and integrate resources for revenue and profit growth[101]. - The introduction of electronic and information systems for big data management is expected to optimize business processes and enhance customer service responsiveness[101]. - Despite global economic concerns due to interest rate hikes and the ongoing Russia-Ukraine conflict, the company maintains a cautiously optimistic outlook for growth potential in Vietnam[101]. Corporate Governance - The company emphasizes maintaining good corporate governance and continuously reviewing governance practices[108]. - The audit committee, composed of independent non-executive directors, has reviewed the group's performance for the year ending December 31, 2023[110]. - The company is committed to controlling capital allocation strategies and improving asset operational efficiency amid global financial market volatility[105]. - The company expresses gratitude to shareholders, business partners, and employees for their unwavering support and contributions[116].
味丹国际(02317) - 2023 - 年度业绩