Financial Performance - Infinity Logistics and Transport Ventures Limited reported a significant increase in revenue, achieving a total of $XX million, representing a YY% growth compared to the previous year[3]. - The company has expanded its user base, now serving ZZ million customers, which is an increase of AA% year-over-year[5]. - For the upcoming fiscal year, Infinity Logistics has provided guidance for revenue growth of BB%, projecting total revenues to reach $CC million[6]. - Revenue for the fiscal year 2020 reached 223,669 thousand MYR, an increase from 209,432 thousand MYR in 2019, representing a growth of 6.0%[9]. - The gross profit for 2020 was 53,013 thousand MYR, slightly down from 53,907 thousand MYR in 2019, indicating a decrease of 1.7%[9]. - The net profit for the fiscal year 2020 was 25,109 thousand MYR, up from 19,480 thousand MYR in 2019, reflecting a significant increase of 28.9%[9]. - The company reported revenue of approximately 223,669,000 MYR for the year ended December 31, 2020, an increase of about 6.8% compared to 209,432,000 MYR in 2019[20]. - Gross profit for the year was approximately 53,013,000 MYR, a decrease of about 1.7% from 53,907,000 MYR in 2019, resulting in a gross margin decline from approximately 25.7% to 23.7%[20]. - Net profit increased to approximately 25,109,000 MYR, up from 19,480,000 MYR in 2019[20]. Operational Developments - The company is actively investing in new product development, with a budget allocation of $DD million for R&D initiatives aimed at enhancing service offerings[7]. - Infinity Logistics is implementing new technologies to improve operational efficiency, with an expected cost reduction of GG% in logistics operations[6]. - The company is undergoing a digital transformation through the IDEAS program to enhance operational efficiency and data visibility across the supply chain[17]. - The company anticipates that the air freight market revenue will surge due to the growing demand from e-commerce and global trade[12]. - The logistics center and related services saw a revenue growth of 17.3% during the year, driven by increased demand for warehousing services due to the pandemic[11]. - The company plans to construct a logistics center covering 18 acres with a net storage space of 257,000 square feet, expected to be completed in Q3 2021[18]. - The company anticipates continued business volume growth and is preparing to construct two warehouses to meet new demand, with one expected to be completed in Q3 2021 and the other in Q2 2022[24]. Market Expansion and Acquisitions - Infinity Logistics is pursuing market expansion strategies, targeting new regions with an expected increase in market share of EE% over the next two years[8]. - The company has completed a strategic acquisition of a competitor, which is anticipated to contribute an additional $FF million in annual revenue[5]. Sustainability and Environmental Initiatives - The management team highlighted a focus on sustainability initiatives, aiming to reduce carbon emissions by HH% by 2025[7]. - The company reported a total greenhouse gas emissions of 5,998.93 tons in 2020, an increase from 4,302.71 tons in 2019, representing a 39.4% rise[66]. - The company aims to reduce its carbon footprint and environmental impact through green logistics and environmental policies[60]. - The company has established detailed environmental rules and guidelines for waste disposal, particularly for hazardous waste, to minimize environmental impact[63]. - The company has implemented various measures to improve resource efficiency, including the use of LED lighting and monitoring water and electricity consumption[73]. - Total energy consumption increased to 22,403,705.52 kWh in 2020 from 14,487,079.00 kWh in 2019, representing a growth of approximately 55.5%[76]. - Diesel consumption rose significantly to 20,613,599.49 kWh in 2020, up from 12,490,630.00 kWh in 2019, marking an increase of about 65.5%[76]. - The company reported a total of 684.18 tons of indirect emissions from purchased electricity and natural gas in 2020, down from 764.88 tons in 2019, indicating a 10.5% reduction[66]. Shareholder Value and Dividends - Infinity Logistics is committed to enhancing shareholder value, with plans to increase dividends by JJ% in the upcoming fiscal year[5]. - The company declared an interim dividend of 0.0007 USD per share, totaling approximately 1,400,000 USD (equivalent to about 6,000,000 MYR) for shareholders listed on September 7, 2020[38]. - Future dividend payments will be determined by the board based on profitability, cash flow, financial condition, and capital requirements[193]. Corporate Governance - The company has complied with the corporate governance code since its listing date, with all independent non-executive directors confirming their independence[117]. - The board composition includes a mix of executive and independent non-executive directors, ensuring compliance with listing rules regarding independence[117]. - The company has adopted corporate governance principles that align with the interests of its shareholders[112]. - The board of directors is responsible for ensuring the timely publication of the group's financial statements[138]. - The audit committee consists of three independent non-executive directors and is responsible for maintaining relationships with auditors and reviewing financial information[148]. - The company has established a shareholder communication policy to ensure timely access to information for shareholders and potential investors[192]. Employee Development and Social Responsibility - The company emphasizes employee training and development to enhance skills and maintain a competitive workforce[80]. - The total number of employees rose to 490 in 2020, up from 486 in 2019, indicating a growth of about 0.8%[83]. - The company has actively engaged in community service and charitable activities to fulfill its social responsibilities[62]. - The company made charitable contributions of approximately 102,000 MYR during the reporting period, an increase from 70,000 MYR in 2019[110]. - The company reported 4 work-related injury cases in 2020, resulting in a total of 57 lost workdays[86]. Risk Management - The company has engaged an independent professional consulting firm to assess the effectiveness and adequacy of its risk management and internal control systems during the reporting period[177]. - The board believes that the risk management and internal control systems are adequate and effective during the reporting period[177]. - The company emphasizes that its risk management and internal control systems aim to manage risks rather than eliminate them, providing reasonable assurance against significant misstatements or losses[177].
鹰辉物流(01442) - 2020 - 年度财报