Financial Performance - For the fiscal year 2021, the company's revenue was SGD 54.4 million, an increase from SGD 24.7 million in the fiscal year 2020, with the acquisition of MSIL contributing SGD 31.1 million to this revenue[14]. - The net profit attributable to the company's owners for the fiscal year 2021 was SGD 7.73 million, compared to SGD 2.48 million in the previous year[14]. - The company's revenue increased approximately 120% from SGD 24.7 million in the year ended June 30, 2020, to SGD 54.4 million in the year ended June 30, 2021, primarily due to contributions from the newly acquired subsidiary MSIL Group[40]. - Gross profit for the year ended June 30, 2021, was SGD 17.9 million, compared to SGD 8.7 million in the previous year, reflecting a significant improvement in profitability[39]. - The company reported a net profit of SGD 9.4 million for the year ended June 30, 2021, up from SGD 2.5 million in the previous year, indicating strong growth in earnings[39]. - The basic and diluted earnings per share for the year ended June 30, 2021, was SGD 1.0, compared to SGD 0.3 in the previous year, reflecting improved financial performance[39]. - Total equity increased to approximately SGD 40.5 million as of June 30, 2021, from approximately SGD 27.1 million as of June 30, 2020, primarily due to the acquisition of MSIL group[59]. Business Expansion and Strategy - The company acquired Majestic State International Limited (MSIL) to expand and diversify its business, which is expected to create more returns for shareholders[13]. - The acquisition of MSIL Group has significantly enhanced the company's revenue and profitability, allowing for further expansion in local and overseas markets[36]. - The company aims to diversify its services and expand its customer base, targeting quality investments with promising prospects[36]. - The company plans to enhance its position in the local and regional digital marketing industry by integrating and allocating resources effectively and investing in research and development[17]. - The company has been actively involved in market development and operational planning since 2016, indicating a strategic approach to growth[23]. Operational Challenges and Responses - The company acknowledges the challenges posed by the COVID-19 pandemic on business operations and advertising budgets, which impacted revenue and profitability[13]. - The vaccination rate in Singapore has reached 78%, leading to a gradual easing of social and work restrictions, which is expected to restore investment levels in online marketing and promotional activities[15]. - The company is committed to ensuring employee safety and hygiene while transitioning back to office work in small teams[15]. Technology and Innovation - The company has three notable technologies in the pipeline, in addition to its existing call tracking technology (AM-Track) and AI-driven advertising bidding platform (AM+) to surprise customers and shareholders[17]. - The company has developed several proprietary technologies, contributing to its competitive advantage in the digital marketing sector[35]. - The company has engaged independent suppliers to develop diagnostic tools and website analytics as part of its technical infrastructure enhancement[183]. Governance and Management - The company has appointed independent directors with extensive experience in finance, law, and marketing, strengthening its governance structure[27][28][29]. - The board of directors consists of seven members, with non-executive and independent non-executive directors accounting for 57% of the board[87]. - The company conducts regular board meetings at least four times a year, with a minimum of 14 days' notice provided to directors[98]. - The company has established a shareholder communication policy to ensure equal and timely access to information for shareholders[151]. - The company has adopted a dividend policy since November 11, 2019, allowing for the declaration of dividends at the board's discretion, considering various factors including operational needs and cash levels[150]. Employee and Operational Metrics - Employee count increased to 173 as of June 30, 2021, from 73 the previous year, with total employee compensation amounting to approximately SGD 7.4 million, up from SGD 5.2 million[73]. - The company has a strong focus on training and developing its sales and customer relationship teams to support local and regional customer base expansion[20]. - The company aims to enhance operational efficiency by better aligning its management team across digital marketing, sales, and customer relations[21]. Financial Management and Expenditures - The company has committed but unprovided capital expenditures of SGD 4.799 million for technology infrastructure development[72]. - The company’s bank borrowings were approximately SGD 2.0 million as of June 30, 2021, secured against investment properties[61]. - The company sold an 18% stake in its wholly-owned subsidiary Activa Media Holdings Limited, generating approximately SGD 2.2 million for general operational funding[15]. Market Position and Relationships - The company operates primarily in Singapore, Malaysia, and China, focusing on search engine marketing, social media marketing, creative and technical services, and online e-commerce platform operations[35]. - The group has maintained long-term stable relationships with suppliers, including search engine platforms and social media platforms[165]. - The company has established strong strategic partnerships and accumulated deep industry knowledge over the past 16 years, enhancing its market position[35].
秀商时代控股(01849) - 2021 - 年度财报