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FSM HOLDINGS(01721) - 2024 - 年度业绩
FSM HoldingsFSM Holdings(HK:01721)2025-03-25 11:38

Financial Performance - For the fiscal year ending December 31, 2024, total revenue was reported at 14,876 thousand SGD, a decrease of 7.4% compared to 16,071 thousand SGD in the previous fiscal year[3]. - Gross profit for the fiscal year was 5,972 thousand SGD, slightly up from 5,940 thousand SGD, indicating a stable gross margin despite revenue decline[3]. - The company reported a net loss attributable to shareholders of 3,407 thousand SGD, an improvement from a net loss of 4,876 thousand SGD in the previous year, reflecting a reduction in losses[3][4]. - The overall operating loss before tax was 2,907 thousand SGD, a decrease from 4,127 thousand SGD, reflecting improved operational efficiency[3]. - The company incurred a total comprehensive loss of 3,951 thousand SGD for the year, compared to 4,641 thousand SGD in the previous year, showing a trend towards reduced overall losses[4]. - The basic and diluted loss per share was 0.34 SGD, an improvement from 0.49 SGD in the previous year, indicating better performance on a per-share basis[3]. - The group recorded a net loss of approximately 3.4 million SGD in FY2024, compared to a net loss of approximately 4.9 million SGD in FY2023[59]. Revenue and Segments - The company plans to continue focusing on mobile game development and expanding its market presence, as indicated by the increase in R&D expenses[3]. - The online business segment generated a revenue of 2,628 thousand New Taiwan Dollars, indicating a strong performance in mobile game development and operations[15]. - The manufacturing segment generated revenue of 15,556 thousand New Taiwan Dollars, while the online business contributed 515 thousand New Taiwan Dollars, indicating a significant reliance on manufacturing for overall revenue[27]. - The manufacturing segment's revenue fell by approximately 22.4% to about 12.3 million SGD due to a decline in market demand in Singapore's sheet metal manufacturing industry[53]. - The online business segment's mobile gaming revenue increased by approximately 1,031.1% to about 2.58 million SGD, attributed to the launch of new game trial versions[54]. Assets and Liabilities - Total assets decreased from 55,185 thousand SGD in 2023 to 51,894 thousand SGD in 2024, representing a decline of approximately 6.5%[5]. - Total liabilities increased from 21,073 thousand SGD in 2023 to 21,733 thousand SGD in 2024, indicating a rise of about 3.1%[6]. - Total equity decreased from 34,112 thousand SGD in 2023 to 30,161 thousand SGD in 2024, a drop of approximately 11.6%[6]. - The company's total equity attributable to owners decreased from 34,112 thousand SGD in 2023 to 30,161 thousand SGD in 2024, a decline of about 11.6%[6]. Expenses and Cost Management - Operating expenses for the year included 3,223 thousand SGD in mobile game development costs, which increased from 2,816 thousand SGD, indicating ongoing investment in new product development[3]. - Administrative expenses decreased by approximately 6.8% to about 5.1 million SGD, driven by effective cost-saving measures[56]. - The total operating expenses for the company were 1,682 thousand New Taiwan Dollars, indicating a need for cost management strategies[16]. Strategic Focus and Future Plans - The company is exploring new strategies for market expansion and product innovation to drive future growth[3]. - The company plans to invest in new technologies and product development to drive future growth and competitiveness[15]. - The group aims to optimize production efficiency and secure new orders in response to the weak demand in the semiconductor market[49]. - The group plans to maintain close relationships with manufacturing business customers and upgrade machinery to improve production efficiency and competitiveness[61]. Tax and Compliance - The income tax expense for 2024 was NT$500,000, down from NT$749,000 in 2023, showing a decrease of approximately 33.3%[32]. - The Singapore corporate tax rate remains at 17% for both 2023 and 2024[33]. - The group has committed to high standards of corporate governance, adhering to all applicable corporate governance codes[79]. Employee and Operational Metrics - The group employed 229 full-time and part-time employees as of December 31, 2024, an increase from 207 employees in 2023[75]. - The group has established guidelines to evaluate employee performance and implement development plans accordingly[75].