Company Overview - Pentamaster International Limited aims to be a world-class automation solutions provider in the global market[3]. Financial Performance - The company reported a financial summary indicating a significant growth in revenue, with a year-on-year increase of 15%[7]. - Revenue for 2021 reached MYR 508,086, an increase of 21.4% from MYR 418,581 in 2020[12]. - Profit after taxation for 2021 was MYR 116,744, up from MYR 113,921 in 2020, reflecting a growth of 2.4%[12]. - The Group recorded a revenue of MYR 508.1 million in 2021, an increase of 21.4% compared to 2020, while profit after taxation rose by 2.5% to MYR 116.7 million[85]. - The Group's overall gross margin for the year was 30.5%, down from 33.5% in 2020, with the highest margin in Q4 at 32.1%[114]. - The Group recorded a net profit of MYR 116.7 million in 2021, representing an increase of 2.5% compared to MYR 113.9 million in 2020[115]. - EBITDA for 2021 stood at MYR 127.9 million, an increase of 4.4% from MYR 122.5 million in 2020[115]. Market Expansion and Strategy - Future outlook includes a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion[7]. - Pentamaster plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[7]. - The company is exploring potential acquisitions to enhance its product offerings and market reach, with a focus on strategic partnerships[7]. - The Group aims to enhance its marketing efforts in key markets such as the United States, India, and the Middle East[85]. - The Group aims to establish a presence in Germany in 2022 and offices in Indonesia and the Middle East by 2023[85]. - The company aims to achieve revenue of MYR 1 billion by 2025[17]. Research and Development - The company is investing in R&D for new technologies, with a budget allocation of 5 million USD for the upcoming year[7]. - Continuous efforts are made to enhance the efficiency of the R&D function for new product development[129]. - The Group's R&D efforts in high-end technology for smart devices and i-ARMS have led to product differentiation in the marketplace[133]. Sustainability and Governance - The management highlighted a commitment to sustainability, aiming for a 30% reduction in operational carbon footprint by 2025[7]. - The company emphasizes its commitment to environmental, social, and governance (ESG) practices as part of its corporate strategy[35]. - The company has complied with all applicable provisions of the Corporate Governance Code up to December 31, 2021[153]. - The company is committed to enhancing its corporate governance practices to comply with the New Corporate Governance Code effective from January 1, 2022[153]. Awards and Recognition - Pentamaster Group was awarded the 2019 THE EDGE's Billion Ringgit Club award for "Highest Growth in Profit After Tax Over Three Years" and "Highest Returns to Shareholders Over Three Years"[20]. - The company has received multiple awards, including the Gold Award for Export Excellence in the Machinery, Electrical and Electronics category for mid-tier and large companies in 2021[147]. - The company was recognized as the Exporter of the Year in 2021 for mid-tier and large companies[147]. Management and Leadership - The company has a strong leadership team with extensive experience in automation and technology solutions, contributing to its growth and success[33]. - The Board includes members with significant experience in their respective fields, enhancing the company's governance and strategic direction[42][43]. - The Company has not appointed a chief executive; day-to-day management is delegated to different individuals by the Board[159]. Employee Growth - The number of employees has increased to over 700, indicating significant growth in workforce[17]. - The total number of full-time employees increased to 689 as of December 31, 2021, from 612 in 2020[117]. Product Development and Diversification - New product development includes automation solutions aimed at the healthcare sector, expected to launch in Q3 2024[7]. - The company has diversified its business into Automated Test Equipment (ATE), Medical Automation Solutions (MAS), and Factory Automation Solutions (FAS)[29]. - The strategic decision to diversify into the automotive, medical, consumer, and industrial products sectors has helped mitigate softness in the electro-optical sector[74]. Challenges and Resilience - The company remains focused on enhancing competitiveness and exploring growth opportunities despite challenges posed by the COVID-19 pandemic and supply chain issues[72]. - The company’s resilience is highlighted by its ability to achieve strong revenue growth during unpredictable economic conditions[73]. - The Group is actively reassessing its supply chain strategies due to ongoing supply chain challenges expected to last until 2023, focusing on inventory management and capacity planning[97].
槟杰科达(01665) - 2021 - 年度财报