Financial Performance - The company recorded revenue of approximately MYR 475,821,000 for the fiscal year 2024, an increase of about 28.2% compared to MYR 371,105,000 in fiscal year 2023[14] - Gross profit was approximately MYR 92,858,000, reflecting a growth of about 34.7% from MYR 68,941,000 in the previous year, with a gross margin of approximately 19.5%[14] - Net profit reached approximately MYR 31,554,000, up from MYR 18,379,000 in fiscal year 2023[14] - Operating costs totaled approximately 382,963,000 MYR, an increase of about 26.7% compared to the previous year[23] - The company’s capital expenditure for the period was approximately 112,515,000 MYR, significantly higher than 16,326,000 MYR in 2023[30] Segment Performance - The container liquid bag segment saw the highest growth at approximately 62.1%, primarily due to the acquisition of a subsidiary in December 2023[14] - The logistics center segment grew by approximately 19.7%, driven by higher demand for transportation services and the launch of new yard operations[15] - The integrated freight forwarding segment increased by about 17.2% due to rising customer demand for maritime services[15] - The land transportation segment recorded a growth of approximately 3.9% due to increased demand for land branch services[15] - The fourth-party logistics segment experienced a decline of about 6.5%, attributed to reduced customer shipments within this service category[16] Employee Development and Training - The company conducted 2,066 training hours and held 51 training courses and workshops to prepare employees for the digital transformation in the industry[17] - The company provided internal and external training on logistics, customer service, safety, and quality management to enhance employee skills[94] - The company has established a robust "Learning and Development Policy" to enhance employee skills and knowledge, ensuring equal training opportunities for all employees[110] - The total number of employees increased from 816 in 2023 to 992 in 2024, representing a growth of 21.6%[100] - The average training hours per employee in 2024 were 4.09 hours for males and 13.84 hours for females, showing an increase for females from 8.52 hours in 2023[113] Sustainability and Environmental Initiatives - The group aims for sustainable development as a long-term goal, integrating climate-related and ESG factors into its strategic planning[37] - The company aims to reduce air pollutants, greenhouse gas emissions, and waste generation density based on 2021 as the baseline year[59] - The company is actively implementing measures to enhance energy efficiency and reduce emissions, including the installation of solar panels on building rooftops[61] - The company has established a waste control and recycling program, including a bulb recycling system[63] - The company has implemented climate risk assessments to identify and mitigate climate-related risks, including acute risks from extreme weather events[89] Corporate Governance - The company adheres to the corporate governance code as per the Hong Kong Stock Exchange listing rules during the reporting period, with deviations noted regarding attendance at the annual general meeting[151] - The board consists of a mix of executive, non-executive, and independent non-executive directors, ensuring compliance with the requirement for at least three independent non-executive directors[156] - The company has adopted anti-corruption and whistleblowing policies to maintain integrity and ethical conduct within its operations[153] - The board held a total of 2 meetings for the Board of Directors and 2 for the Audit Committee during the reporting period[163] - The company has established three committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, in accordance with corporate governance practices[174] Community Engagement and Social Responsibility - Charitable donations made by the company amounted to approximately 600,000 MYR during the reporting period, compared to 161,000 MYR in 2023[138] - The Dapur Infinity project has distributed over 23,000 food packages to various charitable organizations since its launch in 2021[140] - The company is collaborating with local organizations to provide safe drinking water to the Kg Pos Hau village, benefiting 159 residents[144] - The company emphasizes the importance of corporate social responsibility and aims to build long-term relationships with stakeholders[138] - The company has committed to expanding the scope of anti-corruption training data disclosure in the future[137] Risk Management - The company has a risk management system in place, which is reviewed for effectiveness regularly[177] - The board believes that the risk management and internal control systems during the reporting period were adequate and effective[191] - The company encourages shareholders to attend general meetings, providing a platform for communication between shareholders and the board[196] - The independent consultant's report on risk management and internal control measures has been presented to the audit committee and the board for review[191] - The company emphasizes that the risk management and internal control systems are designed to manage risks rather than eliminate them[191]
鹰辉物流(01442) - 2024 - 年度财报