Financial Performance - Sunlight Holdings reported a consolidated revenue of SGD 10 million for the fiscal year ending September 30, 2024, representing a 15% increase compared to the previous year[2]. - The company achieved a net profit of SGD 2 million, which is a 20% increase year-over-year, indicating improved operational efficiency[2]. - Revenue decreased by 3.7% from $14.6 million in the Previous Year to $14.1 million in the Relevant Year[23]. - Gross profit increased by 6.0% from $4.5 million in the Previous Year to $4.8 million in the Relevant Year[23]. - Profit increased by 13.1% from $650,000 in the Previous Year to $735,000 in the Relevant Year[23]. - Revenue for the Relevant Year was $14.1 million, a decrease of $0.5 million or 3.7% compared to the Previous Year revenue of $14.6 million[49]. - Cost of sales decreased from $10.1 million to $9.3 million, representing a decrease of 8.0%[56]. - Gross profit increased from $4.5 million to $4.8 million, with a gross profit margin increase from 31.1% to 34.2%, representing an increase of 310 basis points[57]. - Selling and distribution expenses increased from $1.7 million to $1.9 million, representing an increase of 8.1%[58]. - Profit attributable to the owners of the Company was $735,000 in the Relevant Year, an increase from $650,000 in the Previous Year[59]. - Total assets at the end of the Relevant Year were $21.8 million, up from $20.3 million in the Previous Year[64]. - Cash and cash equivalents at the end of the Relevant Year were $3.5 million, an increase from $1.7 million in the Previous Year[64]. - Total staff costs in the Relevant Year amounted to $2.8 million, an increase of 12% from the previous year's $2.5 million[72]. Market Expansion and Strategy - User data showed a growth in active customers by 25%, reaching a total of 50,000 users as of September 30, 2024[2]. - Sunlight Holdings plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share over the next two years[2]. - Future guidance indicates expected revenue growth of 10-15% for the next fiscal year, driven by new product launches and market expansion[2]. - The company has initiated a strategic partnership with a local distributor to enhance its supply chain efficiency, aiming for a 5% reduction in logistics costs[2]. - Sunlight Holdings is exploring potential acquisition opportunities to diversify its product offerings and strengthen its market position[2]. - The company continues to evaluate development opportunities to maintain its market-leading position[25]. Sustainability and Environmental Goals - Sunlight Holdings is committed to sustainability, with plans to reduce carbon emissions by 20% over the next three years through various initiatives[2]. - The company integrates environmental and social considerations into its business objectives to achieve specific environmental and social goals[109]. - Environmental goals include reducing greenhouse gas emissions and improving waste management practices[109]. - The company acknowledges its responsibility to protect the environment and has integrated environmental considerations into its operations[116]. - The company has implemented energy-saving measures, including setting air-conditioning at environmentally friendly levels and using motion-sensor lighting[120]. - The company has set emission reduction targets and is actively implementing steps to achieve them[164]. - The total energy consumption reported is categorized by type, with specific metrics on direct and indirect usage[167]. - The company has established energy efficiency targets and is taking measures to meet these goals[167]. Employee and Workplace Practices - The Group had an aggregate of 36 employees at the end of the Relevant Year, a decrease from 37 employees in the previous year[71]. - The employee turnover rate during the Relevant Year was 18%, up from 7% in the previous year[147]. - The company provides competitive remuneration packages to attract qualified applicants based on market conditions[136]. - The company has a staff handbook to inform employees of goals, policies, and responsibilities, which is updated as necessary[137]. - The company is committed to creating a workplace based on respect for human rights, allowing employees to practice their beliefs freely[141]. - The company reported no work-related fatalities or serious injuries during the Relevant Year, with no days lost due to stop-work orders issued by the Ministry of Manpower (MOM)[150]. - The company's comprehensive workplace safety health system is certified to BizSAFE Level 3 by the Workplace Safety and Health Council of Singapore[150]. - The company encourages employees to develop their skills, although no requests for training were received during the Relevant Year[150]. - Training activities are conducted to improve employees' skills, with metrics on the percentage of employees trained[186]. - The average training hours completed per employee are monitored, categorized by gender and employee category[186]. Corporate Governance and Compliance - The company recognizes its corporate social responsibility and oversees ESG issues through its Board[105]. - The governance aspect of the ESG Guide is addressed in the Corporate Governance Report of the annual report[103]. - The company prohibits employees from receiving advantages from customers, suppliers, or other parties while performing their duties, with no reports of non-compliance incidents related to corruption during the Relevant Year[153]. - The company provides annual publications on anti-corruption practices to directors and senior management, particularly before the Lunar New Year[153]. - Policies are in place for managing environmental and social risks in the supply chain[200]. Supply Chain Management - Major suppliers during the Relevant Year included two from ASEAN and one from China, indicating a focus on regional supply chain management[153]. - The company regularly evaluates supplier performance based on capacity, delivery accuracy, and environmental protection[153]. - The company emphasizes environmental compliance by requiring suppliers to provide FSC-certified products[153]. - Practices to promote environmentally preferable products and services when selecting suppliers are implemented and monitored[200].
日光控股(08451) - 2024 - 年度业绩