Financial Performance - Revenue for the fiscal year 2021 reached $440.1 million, marking a historical high[10] - Shareholder profit for 2021 was $25.5 million, also a historical high, with a 74% increase in net profit compared to fiscal year 2020[10] - The company achieved a 248% increase in basic earnings per share over three years, reaching 5.84 Singapore cents in fiscal year 2021[14] - The company has experienced eight consecutive quarters of record growth, with fiscal year 2021 results being the best in terms of revenue, shareholder profit, and dividends[22] - In FY2021, the company achieved a revenue of SGD 440.1 million, representing a year-on-year growth of 21.6%[27] - Gross profit for FY2021 increased by 26.0% to SGD 124.0 million, with a gross margin of 27.4%[27] - Net profit for FY2021 reached SGD 39.1 million, marking a significant year-on-year increase of 73.6%[27] - Total revenue for the fiscal year 2021 rose to 440.1 million SGD, an increase of approximately 78.3 million SGD or 21.6% from 361.9 million SGD in the fiscal year 2020[72][75] - The gross profit margin for the fiscal year 2021 improved to 27.4%, up 1.0 percentage point from 26.4% in the previous fiscal year[73] - The group's net profit after tax for the fiscal year 2021 increased by 73.6%, marking the highest annual profit in its history[66] Market and Growth Opportunities - The potential market for industrial automation in Asia is estimated to exceed $620 billion[10] - The Asia-Pacific factory automation and industrial control market has a potential market size exceeding USD 60 billion, with a projected CAGR of 10.87% from 2021 to 2026[28] - The growth in revenue was primarily driven by strong demand for industrial automation in China and Southeast Asia, as well as diverse industries including healthcare, semiconductors, automotive, manufacturing, and electronics[65] - The management noted that the long-term growth in industrial automation demand in Asia is expected to continue, driven by companies seeking to improve productivity and competitiveness[65] - The company is focused on maintaining strong relationships with clients and developing new marketing strategies for its industrial computing systems[58] Investments and Projects - The company is preparing for strong progress in its clean energy projects, including a 10 MW hydroelectric project expected to commercialize in 2022[20] - The company has invested in Whizpace to enhance capabilities in large-scale industrial automation, including IoT and distributed automation[28] - The company has invested in three small hydropower plants in Southeast Asia, demonstrating its commitment to sustainable industrial practices[39] - The group confirmed construction revenue of approximately 9.5 million SGD from small hydropower plants in Indonesia during the fiscal year 2021[71] - The company plans to construct a new building in China's industrial park, increasing total building area by approximately 39%[29] Operational Efficiency and Strategy - The company has established five operational excellence pillars to enhance productivity and operational infrastructure[23] - The company plans to further integrate its various technology products across Asia to enhance operational efficiency and service delivery[57] - The company is committed to enhancing its operational efficiency and exploring new business opportunities in the Asia-Pacific region[49] - The company is focused on integrating its core business with clean industrial solutions, reflecting a commitment to sustainable industrial practices[26] Corporate Governance - The company has been actively involved in corporate governance and compliance, ensuring adherence to Singapore's regulatory requirements[48] - The board is committed to ensuring the highest standards of corporate governance to enhance shareholder value and the group's financial performance[114] - The company has established a code of conduct and ethical standards to ensure accountability within the organization[116] - The independent auditors have not identified any significant uncertainties that may cast doubt on the group's ability to continue as a going concern[116] - The board has established a process to evaluate the skills, knowledge, and experience of its members annually[167] Human Resources and Management - The total number of enterprise customers exceeded 10,000 across Asia, with over 1,050 employees, of which more than 31% are engineers[12] - The group employed a total of 1,052 staff as of December 31, 2021, an increase from 950 staff in 2020[108] - The management team has a wealth of experience in sales, technical support, and product development, which is crucial for driving future growth[59] - The company recognizes the need to offer competitive remuneration to attract and retain directors and executives with the necessary experience and expertise[187] Dividends and Shareholder Returns - The company declared a final dividend of SGD 0.0145 per share, equivalent to 8.35 HK cents[27] - The group proposed a final dividend of 1.45 Singapore cents per share, equivalent to 8.35 Hong Kong cents, for the fiscal year 2021[66] Sustainability and Innovation - The company is well-prepared for the ongoing shift towards sustainable industrial solutions, having invested in clean energy and hydroelectric projects[25] - The company focuses on renewable energy solutions for solar, energy storage, and smart energy grids, contributing to a cleaner industrial future in Asia[39] - The company is committed to developing advanced industrial practices and technologies to support its clients' sustainable transitions[39] Board Composition and Diversity - The board consists of a diverse group of members, ensuring decisions align with the company's best interests[138] - The company has established a board diversity policy to ensure a balance of skills, experience, and perspectives among board members[148] - The board is composed of at least one-third independent non-executive directors, as mandated by listing regulations[147]
亿仕登控股(01656) - 2021 - 年度财报