Financial Performance - The company's revenue for the year ended December 31, 2024, decreased by approximately 4.8% to about 200.9 million MYR, compared to 211.0 million MYR for the year ended December 31, 2023[4]. - The profit attributable to the owners of the company for the year was approximately 22.4 million MYR, with basic earnings per share of 3.57 sen, up from 3.28 sen in the previous year[4]. - The total comprehensive income for the year was 23.0 million MYR, slightly down from 23.1 million MYR in the previous year[5]. - The company reported a gross profit margin of approximately 31.2% for the year, compared to 29.8% in the previous year[5]. - The pre-tax profit for the fiscal year ending December 31, 2024, was 32,653 thousand MYR, while the net profit for the same period was 24,240 thousand MYR[27]. - The company reported a net profit of 22,166 thousand MYR for the fiscal year ending December 31, 2023, with a pre-tax profit of 30,820 thousand MYR[29]. - Total revenue for the year ending December 31, 2024, was 200,929 thousand MYR, a decrease of 5.1% from 211,017 thousand MYR in 2023[32]. - Revenue from printable apparel decreased by approximately 7.1% to about 160.3 million MYR, primarily due to a 5.6% drop in sales volume attributed to weak consumer spending[75]. - Revenue from gift products increased by approximately 5.7% to about 40.6 million MYR, driven by a 3.2% increase in sales volume due to an expanded product range[76]. Assets and Liabilities - The company's total assets less current liabilities increased to 224.1 million MYR from 201.4 million MYR in the previous year[6]. - The company's net assets increased to 219.6 million MYR from 196.5 million MYR in the previous year[7]. - Total assets for the reporting segments as of December 31, 2024, amounted to 261,698 thousand MYR, with reported liabilities of 42,138 thousand MYR[30]. - The current assets and current liabilities were approximately MYR 169.8 million and MYR 37.6 million, respectively, compared to MYR 151.9 million and MYR 40.5 million as of December 31, 2023[84]. - The group's interest-bearing borrowings were approximately MYR 4.9 million as of December 31, 2024, down from MYR 5.6 million as of December 31, 2023, resulting in a debt-to-equity ratio of about 2.9%[86]. Cash Flow and Financing - The company’s cash and cash equivalents increased to 116.5 million MYR from 93.2 million MYR in the previous year[6]. - The group reported a cash and cash equivalents balance of approximately 116.5 million MYR as of December 31, 2024, up from approximately 93.2 million MYR in the previous year[81]. - The company’s financing costs increased slightly to 0.074 million MYR from 0.064 million MYR in the previous year[5]. - The company reported a financing cost of 74 thousand MYR for the fiscal year ending December 31, 2024, compared to 64 thousand MYR in 2023[27][29]. - The group has maintained a healthy financial position and sufficient operating funds for future operations[84]. Dividends - The company did not recommend any dividend for the year, consistent with the previous year[4]. - The group does not recommend declaring any dividends for the fiscal year, consistent with the previous year[73]. - The company did not recommend any dividends for the years ending December 31, 2024, and 2023[41]. Investments and Acquisitions - The company plans to acquire 45% of Lordan Group Ltd. for a consideration of HKD 57,218,250 (approximately MYR 34,139,000)[44]. - After the acquisition, the company will hold 40% of Lordan's issued share capital, which will become an associate company[45]. - The initial cash consideration paid for the acquisition was HKD 5,000,000 (approximately MYR 2,983,000)[45]. - The fair value of the contingent consideration post-acquisition is approximately MYR 30,544,000[45]. - The company aims to expand its business scope through the acquisition of associate companies, particularly in the SaaS sector[46]. - The unutilized net proceeds from the IPO, approximately HKD 33.0 million, are scheduled to be paid by March 31, 2025, for the acquisition of shares in Lordan Group Ltd.[93]. Operational Performance - The company experienced a decrease in wholesale revenue from 196,515 thousand MYR in 2023 to 184,448 thousand MYR in 2024, representing a decline of approximately 6.4%[27][29]. - The company’s other income for the fiscal year ending December 31, 2024, was 2,420 thousand MYR, down from 3,075 thousand MYR in 2023[27][29]. - Administrative and other operating expenses increased by approximately 11.9% to about 25.3 million MYR, mainly due to higher director remuneration and employee-related costs[78]. - Total employee costs for the year ended December 31, 2024, were approximately MYR 30.7 million, slightly up from MYR 30.2 million in 2023[87]. Corporate Governance - The board believes the company has complied with all provisions of the corporate governance code during the year[104]. - All directors have adhered to the standards set forth in the code of conduct for securities trading during the year[105]. - The financial results for the year ending December 31, 2024, have been reviewed by the audit committee and external auditors, confirming consistency with the audited financial statements[108].
大人国际(01957) - 2024 - 年度业绩