Financial Performance - In the fiscal year 2024, the company achieved a revenue growth of 25% and a shareholder profit growth of 72%[5] - The total revenue for fiscal year 2024 was 372.44 million SGD, reflecting a year-on-year increase of 9.0%[6] - The net profit after tax (PAT) for the second half of 2024 increased by 41% compared to the first half[5] - Revenue for the six months ended December 31, 2024, was SGD 197.87 million, representing a 15.5% increase compared to SGD 171.36 million in the same period of 2023[18] - Full-year revenue for 2024 was SGD 372.44 million, up 9.0% from SGD 341.77 million in 2023[18] - Gross profit for the six months ended December 31, 2024, was SGD 50.52 million, a 10.9% increase from SGD 45.55 million in 2023[18] - Net profit after tax for the six months ended December 31, 2024, was SGD 8.16 million, significantly up from SGD 2.11 million in 2023[18] - The profit attributable to owners of the company for the six months ended December 31, 2024, was SGD 4.74 million, a substantial increase from SGD 0.37 million in 2023[18] - Basic earnings per share for the six months ended December 31, 2024, was SGD 1.06, compared to SGD 0.08 in 2023, marking a significant increase[18] - The net profit for the year ended December 31, 2024, was 8,522 thousand New Taiwan dollars, compared to 4,952 thousand New Taiwan dollars in 2023, representing a year-over-year increase of 72.5%[26] Dividends and Shareholder Returns - The final dividend for fiscal year 2024 was set at 0.47 SGD, a 67.9% increase from the previous fiscal year, indicating strong shareholder returns[5] - The board proposed a final dividend of SGD 0.47 per share for the year ended December 31, 2024, compared to SGD 0.28 per share in 2023[18] - The total dividends paid for the fiscal year 2024 amounted to 1,251,000 SGD, a decrease from 3,548,000 SGD in 2023, primarily due to a reduction in the dividend per share from 0.80 SGD to 0.28 SGD[91] Business Segments and Growth - The company reported a significant growth in its hydropower business, with a year-on-year revenue increase of 233%, reaching a monthly revenue of 22.30 million SGD[7] - The industrial automation segment, which constitutes 71% of total revenue, saw a year-on-year growth of 4% in fiscal year 2024[7] - The company is focusing on advanced technologies such as smart automation, IoT, and AI, which are expected to drive long-term growth[12] - The strategic expansion into Southeast Asia and Taiwan is aimed at capitalizing on the "China +1" supply chain restructuring opportunities[11] - The company plans to expand its regional markets from core areas like China and Singapore to new markets including Malaysia and Taiwan[5] Financial Position and Assets - Total assets as of December 31, 2024, were 415,905 thousand New Taiwan dollars, compared to 400,439 thousand New Taiwan dollars in 2023, reflecting a growth of 3.7%[24] - Non-current assets increased to 169,527 thousand New Taiwan dollars in 2024 from 153,766 thousand New Taiwan dollars in 2023, marking a 10.2% rise[24] - The company’s total liabilities increased to 168,693 thousand New Taiwan dollars in 2024 from 159,774 thousand New Taiwan dollars in 2023, an increase of 5.7%[24] - The company’s cash and bank balances decreased to 56,519 thousand New Taiwan dollars in 2024 from 60,033 thousand New Taiwan dollars in 2023[24] Cash Flow and Investments - The company reported a net cash inflow from operating activities of 18,381 thousand New Taiwan dollars for the year 2024, recovering from a net cash outflow of 24,147 thousand New Taiwan dollars in 2023[31] - The group invested approximately 11,520,000 SGD in property, plant, and equipment during the fiscal year 2024, compared to 6,878,000 SGD in 2023, marking an increase of 67.5%[96] - Net cash used in investing activities for the fiscal year 2024 was approximately 6.9 million SGD, mainly due to the purchase of property, plant, and equipment of about 7.5 million SGD[174] Market Outlook - The company maintains a cautious optimism for fiscal year 2025, anticipating benefits from market recovery and long-term growth strategies[9] - The company anticipates continued growth in 2025 and beyond, driven by technological advancements and supply chain evolution[12] - The company maintains a cautiously optimistic outlook for fiscal year 2025, anticipating continued recovery in industrial automation markets[136] Operational Efficiency - The gross profit margin for fiscal year 2024 decreased by 1.2 percentage points, primarily due to a shift towards lower-margin solutions in the semiconductor and electronics sectors[8] - Distribution costs increased by approximately SGD 1.5 million or 11.1% to SGD 15.4 million in the second half of 2024, primarily due to an increase in employee salaries and related costs[149] - Administrative expenses rose by approximately SGD 0.5 million or 2.5% to SGD 22.0 million in the second half of 2024, mainly due to an increase in executive directors' performance bonuses[152] Employee and Corporate Governance - As of December 31, 2024, the group has a total of 1,283 employees, up from 1,149 in 2023[186] - The group has implemented a new equity incentive plan aimed at aligning employee interests with those of shareholders and enhancing performance[186]
亿仕登控股(01656) - 2024 - 年度业绩