ASMPT(00522) - 2018 - 年度财报

Financial Performance - ASM Pacific Technology reported a record revenue of HKD 19,550,590, an increase of 11.6% compared to HKD 17,522,713 in the previous year[11]. - The company's profit for the year was HKD 2,211,728, a decrease of 20.9% from HKD 2,795,702 in the previous year[11]. - Earnings per share were HKD 5.47, down from HKD 6.90 in the previous year[11]. - The group's revenue reached a record high of $2.49 billion in 2018, an increase of 11.6% compared to 2017, marking three consecutive years of record revenue[15]. - The group's net profit for the year was HKD 22.1 billion, a decrease of 20.9% compared to HKD 28.0 billion in the previous year, with basic earnings per share at HKD 5.47, down from HKD 6.90[24]. - Total comprehensive income for the year was HKD 1,941,901 thousand, significantly lower than HKD 3,374,209 thousand in 2017[151]. - The company reported a profit of HKD 2,216,062,000 for the year, which is a decrease from HKD 2,795,702,000 in the prior year[155]. Revenue Segments - The backend equipment business achieved a record revenue of USD 1.18 billion, up 7.3% from the previous year[12]. - The materials business also reached a record revenue of USD 290 million, an increase of 5.2% year-over-year[12]. - SMT solutions business revenue hit a record USD 1.03 billion, reflecting a 19.1% increase from the previous year[12]. - The SMT Solutions division generated over $1 billion in revenue in 2018, while ALSI's revenue nearly quadrupled since its acquisition in 2014[15]. - The total new orders reached a record USD 2.57 billion, up 10.0% from the previous year[12]. - The total new orders for the materials segment decreased by 17.7% year-on-year, with a 39.5% decline in the fourth quarter compared to the same period last year[38]. Strategic Initiatives - The company continues to implement a dual growth strategy focusing on organic growth and strategic acquisitions since 2011[13]. - The group anticipates growth opportunities in 2019 despite challenges, driven by advancements in AI, big data analytics, and Industry 4.0 technologies[16]. - The group aims to transform into a hardware and software solutions provider in the Industry 4.0 era, investing in ADAMOS and Critical Manufacturing[17]. - The group has positioned itself as a preferred partner for advanced packaging technology clients, benefiting from recent acquisitions of NEXX and AMICRA[17]. Operational Efficiency - The group continues to enhance its operational efficiency and energy effectiveness, achieving system-level energy savings of 30% to 90% through upgrades[20]. - The group plans to continue diversifying its customer base, with no single customer accounting for more than 10% of total revenue in 2018[27]. - The group continues to dominate the energy management market with a market share exceeding 90%[31]. Employee and Community Engagement - As of December 31, 2018, the group employed approximately 16,300 people globally, with 24% being women and 31% aged 30 or below[21]. - The group contributed approximately 23,700 hours of volunteer service to community projects in 2018, participating in 180 activities[22]. - The group provided opportunities for 386 students through internship programs and scholarships in collaboration with universities and engineering colleges in the Asia-Pacific region in 2018[137]. Corporate Governance - The board consists of nine directors, with one female member, ensuring diversity in expertise and background[87]. - The company has a remuneration policy for employees based on contributions, qualifications, and capabilities[79]. - The board has adopted a diversity policy to enhance performance through diverse member backgrounds[91]. - The company has established a whistleblowing procedure allowing employees to confidentially report concerns regarding misconduct[115]. Risk Management - The board is responsible for assessing the nature and extent of risks the group is willing to accept to achieve strategic objectives and ensuring the establishment of an effective risk management system[119]. - The company has established a risk management framework based on the "three lines of defense" model to effectively manage operational, financial, and compliance risks[121]. - The internal audit serves as the third line of defense, providing independent assurance on the effectiveness of the internal control system[122]. Accounting Standards and Financial Reporting - The company is responsible for preparing financial statements in accordance with Hong Kong Financial Reporting Standards and the Companies Ordinance[146]. - The auditors aimed to obtain reasonable assurance that the financial statements were free from material misstatement due to fraud or error[148]. - The company adopted HKFRS 9 "Financial Instruments" on January 1, 2018, which introduced new requirements for the classification and measurement of financial assets and liabilities, as well as expected credit losses (ECL)[173]. - The adoption of HKFRS 16 will require the company to recognize all leases as right-of-use assets and corresponding liabilities, except for low-value or short-term leases[186]. Shareholder Communication - The company emphasizes the importance of effective communication with shareholders to enhance relationships and transparency regarding business performance and strategies[125]. - A shareholder communication policy has been established to provide timely and accessible information to shareholders regarding financial performance and strategic goals[126]. - The company held approximately 480 meetings with analysts and fund managers in 2018 to discuss performance and strategies[126].