Financial Performance - The group's revenue for the six months ended June 30, 2020, was RM 203.1 million, a decrease of approximately 14.3% compared to RM 236.98 million in the same period last year[5]. - The profit for the period was RM 52.7 million, representing a decrease of about 14.6% from RM 61.73 million in the previous year[6]. - Basic and diluted earnings per share for the six months ended June 30, 2020, were 3.29 sen, down from 3.86 sen in the same period last year[5]. - The gross profit for the six months ended June 30, 2020, was RM 70.95 million, compared to RM 84.89 million in the previous year[5]. - Operating profit for the six months ended June 30, 2020, was RM 56.82 million, down from RM 67.65 million in the same period last year[7]. - The group reported a total comprehensive income of RM 52.7 million for the six months ended June 30, 2020, compared to RM 61.73 million in the previous year[7]. - The company reported a profit of 52,706 thousand MYR for the six months ended June 30, 2020, compared to 61,730 thousand MYR for the same period in 2019, indicating a decline of approximately 14.6%[12]. - The company's net profit for the six months ended June 30, 2020, was RM 52,706 thousand, compared to RM 61,730 thousand for the same period in 2019, reflecting a decline of approximately 14.5%[21]. - The group's net profit for H1 2020 was 52.7 million MYR, a decrease of 14.6% from 61.7 million MYR in H1 2019, with EBITDA falling by 15.8% to 58.7 million MYR[43]. Cash Flow and Liquidity - Cash and cash equivalents as of June 30, 2020, amounted to RM 318.0 million, an increase from RM 304.0 million as of December 31, 2019[6]. - Cash generated from operating activities for the six months ended June 30, 2020, is 17,068 thousand MYR, a significant decrease from 86,773 thousand MYR for the same period in 2019, reflecting a decline of approximately 80.4%[13]. - The net cash increase for cash and cash equivalents is 11,796 thousand MYR for the six months ended June 30, 2020, compared to 72,289 thousand MYR for the same period in 2019, showing a decrease of about 83.7%[14]. - Operating cash flow remained positive at 17.1 million MYR in H1 2020, down from 86.8 million MYR in H1 2019, with cash and cash equivalents increasing from 304.0 million MYR to 318.0 million MYR[45]. Assets and Liabilities - The total assets as of June 30, 2020, were RM 618.37 million, an increase from RM 578.36 million as of December 31, 2019[8]. - Total equity as of June 30, 2020, is 477,672 thousand MYR, an increase from 438,923 thousand MYR as of December 31, 2019, representing an increase of approximately 8.8%[9]. - Total liabilities as of June 30, 2020, are 140,701 thousand MYR, slightly up from 139,434 thousand MYR as of December 31, 2019, indicating a marginal increase of about 0.9%[9]. - The company's total assets as of June 30, 2020, amount to 618,373 thousand MYR, up from 578,357 thousand MYR as of December 31, 2019, representing an increase of about 6.9%[9]. Revenue Segmentation - Revenue from the Automation Testing Equipment segment was RM 138,450 thousand, while the Factory Automation Solutions segment generated RM 67,153 thousand[20]. - The largest revenue contributor by region was Singapore, accounting for RM 55,590,000 (27.4%), followed by China at RM 51,549,000 (25.4%) and Malaysia at RM 33,725,000 (16.6%) for the six months ended June 30, 2020[22]. - Revenue from China as a shipping destination increased significantly to RM 58,622,000 (28.9%) from RM 33,034,000 (13.9%) in the previous year[23]. - Revenue from external customers for sold goods was RM 198,614,000, while revenue from services provided was RM 4,450,000[24]. - The automation testing equipment segment generated revenue of 138.5 million MYR, down 33.6% from 208.6 million MYR in the previous year[38]. - The factory automation solutions segment saw a remarkable revenue increase of 71.5%, reaching 67.2 million MYR, compared to 39.2 million MYR in the same period last year[39]. Dividends and Shareholder Information - The group did not recommend any interim dividend for the six months ended June 30, 2020[6]. - The company’s proposed final dividend for the period is 13,032 thousand MYR, consistent with the previous year’s dividend[11]. - The company did not declare any interim dividends for the six months ended June 30, 2020, consistent with the previous year[27]. - Major shareholder PCB holds approximately 1,029,763,993 shares, representing 64.36% of the company[55]. Strategic Initiatives and Market Outlook - The group anticipates a positive recovery in H2 2020, having restored to 100% workforce operational capacity despite challenges posed by the COVID-19 pandemic[47]. - The group is expanding its presence in the medical equipment sector through the establishment of Pentamaster MediQ Sdn. Bhd. and the acquisition of TP Concept Sdn. Bhd.[49]. - The automotive division's product portfolio is diversifying, driven by the rise of electric vehicles and advancements in autonomous driving technology[48]. - The group is actively seeking strategic partnerships to enhance its business development, recognizing the urgency to accelerate these initiatives amid current market challenges[49]. - The company remains committed to maintaining its technological leadership to capture new market opportunities amid economic uncertainties[50]. Compliance and Governance - The company has complied with all applicable provisions of the corporate governance code as of June 30, 2020[60]. - The audit committee was established on December 19, 2017, and includes two independent non-executive directors and one non-executive director[61]. - The audit committee is responsible for reviewing and supervising the group's financial reporting process and internal controls[61]. - The company has adopted a securities trading code for directors, confirming compliance with the code during the reporting period[60]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2020[62].
槟杰科达(01665) - 2020 - 中期财报