安科系统(08353) - 2021 - 年度财报

Company Information This section outlines Anacle Systems Limited's key corporate details, including board members, auditors, and principal business locations, providing a foundational overview Company Information Overview This section provides key corporate information for Anacle Systems Limited, including board members, statutory representatives, auditors, securities registrar, principal places of business, and banks, offering an overview of the company's basic governance structure and operational foundation - Board members include Executive Directors Liu Yijun (CEO) and Wang Ruixing (COO), Non-Executive Directors Li Quanxiang (Chairman), Professor Huang Baojin, Dr. Zhong Yuxuan, and Independent Non-Executive Directors Mr. Alwi Bin Abdul Hafiz, Mr. Elango Subramanian, and Mr. Li Wenwei[8] - The company's auditor is BDO Limited, Hong Kong, and the Hong Kong share registrar is Boardroom Share Registrars (HK) Limited[8] - The company's headquarters, registered office, and principal place of business in Singapore are located at 3 Fusionopolis Way, with GEM stock code 8353[8] Chairman's Statement The Chairman's Statement reviews the company's significant financial performance and strategic milestones in FY2021, addresses ongoing challenges, outlines a positive future outlook, and expresses gratitude to stakeholders Performance The company's performance in FY2021 significantly surpassed FY2020, with improved sales and profitability across most business segments, achieving net profit despite the ongoing COVID-19 pandemic FY2021 vs FY2020 Financial Performance Comparison | Metric | 2021 (SGD) | 2020 (SGD) | | :--------- | :-------------- | :-------------- | | Sales | 22,200,000 | 18,900,000 | | Net Profit After Tax | 2,100,000 | (100,000) | Milestones In FY2021, the company achieved several significant milestones, including the successful delivery of a large Simplicity® project for Singapore's HDB, securing a property management system project for Charoen Pokphand Group, and Starlight® Tesseract® smart meters being selected as a key contender for Singapore's next-generation smart metering infrastructure - Successfully delivered the first two versions of the integrated property management system for Singapore's Housing & Development Board, marking the largest Simplicity® project to date[13] - Secured a significant project from Charoen Pokphand Group to provide a property management system for Lotus's, Thailand's largest retail chain[13] - Starlight®'s flagship product, the Tesseract® smart meter, was selected as a key contender for Singapore's next-generation smart metering infrastructure, with a large-scale rollout planned for 2023[13] Challenges The ongoing resurgence of COVID-19 variants globally creates significant uncertainty for the world economy, with the operating environment expected to remain challenging in the coming year - The continuous resurgence of COVID-19 variants leads to global economic uncertainty, with the operating environment expected to remain challenging in the coming year[15] Outlook The company maintains a strong cash flow, accumulating SGD 8.2 million in cash reserves as of May 31, 2021, with a robust balance sheet, healthy order book, and strong sales pipeline, remaining optimistic about future growth while exercising prudent cash management and investment - As of May 31, 2021, the company accumulated SGD 8.2 million in cash reserves from business operations, maintaining strong cash flow[16] - The company possesses a strong balance sheet, healthy order book, and robust sales pipeline, and will continue to enhance technology and delivery quality, remaining optimistic about the future[16] - In the uncertain era of the pandemic, the company will prudently manage cash and investment activities[16] Acknowledgements The Chairman extended sincere gratitude to shareholders, business partners, customers, directors, management, and employees, acknowledging their trust, support, and contributions during challenging times - The Chairman thanked shareholders for their trust in Anacle during difficult and uncertain times[17] - Appreciation was extended to business partners and customers for their continued support[17] - Sincere gratitude was expressed to all directors, management, and employees for their unwavering commitment and valuable contributions[17] Financial Highlights This section summarizes Anacle Systems Limited's key financial data for FY2021, including revenue, gross profit, net profit, EBITDA, EPS, and segment-wise revenue, alongside balance sheet indicators, reflecting significant profit growth and asset expansion FY2021 Financial Highlights This section provides a summary of Anacle Systems Limited's key financial data for FY2021, including revenue, gross profit, net profit, EBITDA, earnings per share, and revenue by business segment, along with key balance sheet indicators, demonstrating significant profit growth and asset expansion in FY2021 FY2021 Key Financial Indicators (SGD '000) | Metric | 2021 | 2020 | 2019 | | :------------------- | :----- | :----- | :----- | | Revenue | 22,165 | 18,933 | 13,333 | | Gross Profit | 9,023 | 7,594 | 2,708 | | Adjusted Net Profit/(Loss) Before Tax | 2,166 | 941 | (5,689) | | Adjusted EBITDA | 4,063 | 2,898 | (4,560) | | Basic Earnings/(Loss) Per Share (Singapore cents) | 0.54 | 0.07 | (1.57) | FY2021 Revenue by Business Segment (SGD '000) | Business Segment | 2021 | 2020 | 2019 | | :----------------------- | :----- | :----- | :----- | | Simplicity® Commercial Real Estate Solutions | 12,019 | 4,831 | 4,599 | | Simplicity® Corporate Real Estate Solutions | 4,479 | 6,199 | 4,905 | | Simplicity® Industrial Asset Management Solutions | 1,962 | 2,311 | 810 | | Starlight® Smart Utility Management Solutions | 1,699 | 3,455 | 2,318 | | myBill® Utility Revenue Assurance | 1,671 | 1,909 | 550 | | SpaceMonster® Venue Booking Portal | 335 | 228 | 151 | FY2021 Balance Sheet Key Indicators (SGD '000) | Metric | 2021 | 2020 | 2019 | | :------------- | :----- | :----- | :----- | | Total Assets | 23,224 | 15,651 | 15,401 | | Non-Current Assets | 5,779 | 2,112 | 4,167 | | Current Assets | 17,445 | 13,539 | 11,234 | | Total Liabilities | 9,146 | 3,823 | 3,477 | | Non-Current Liabilities | 3,506 | 79 | 75 | | Current Liabilities | 5,640 | 3,744 | 3,402 | Management Discussion and Analysis This section provides a comprehensive review of the company's business and financial performance, liquidity, investment activities, risk factors, and human resources policies for the fiscal year Business Review Anacle Systems achieved a significant turnaround in FY2021, successfully delivering a major Simplicity® project and securing multiple new projects amidst the pandemic-driven digitalization wave. Starlight®'s Tesseract® smart meter was selected for Singapore's next-generation smart metering infrastructure pilot, signaling long-term growth potential, with plans to strengthen sales and marketing and expand into new industries and markets - Anacle Systems has a strong reputation in smart city technologies, with a team of over 100 professionals focused on product development for the real estate, asset, and utility management industries[23] - FY2021 marked a significant turning point for the Group, with the successful delivery of a major Simplicity® project for Singapore's Housing & Development Board and obtaining ISO 27001 and ISO 27018 information security management system certifications[23][24] - Starlight®'s Tesseract® smart meter was selected by the Singapore government for piloting the next-generation smart metering infrastructure, with a large-scale rollout planned for 2023[24] - The company plans to strengthen sales and marketing, expand into Southeast Asia, China, Hong Kong, and the Middle East markets, and enter new fast-growing industries such as data centers[27] Financial Review In FY2021, Anacle Systems achieved growth in both total revenue and gross profit, with Simplicity® total revenue increasing by 38.4%, myBill® revenue slightly decreasing but with a significant gross margin improvement, and Starlight® revenue declining due to the pandemic but with improved gross margin. The company's net profit before tax turned from loss to profit, indicating a significant improvement in operating performance Simplicity® Revenue Overview (SGD) | Metric | 2021 | 2020 | Y-o-Y Growth Rate | | :----------------------- | :---------- | :---------- | :--------- | | Total Revenue | 18,460,719 | 13,341,374 | 38