Financial Performance - Revenue for the year ended December 31, 2021, was RM 92,657,153, an increase of 4% from RM 88,675,007 in 2020[6] - The company reported a loss before taxation of RM 5,808,358 for 2021, compared to a loss of RM 1,766,963 in 2020[6] - Total assets as of December 31, 2021, were RM 170,461,339, up from RM 165,162,412 in 2020, representing a 1.9% increase[6] - Total liabilities increased to RM 55,522,699 in 2021 from RM 48,767,228 in 2020, marking a 13.5% rise[6] - The net loss attributable to equity shareholders for the year was RM 3,402,980, compared to a loss of RM 3,017,053 in 2020[6] - The Group achieved approximately RM92.7 million in revenue for FY2021, representing a 4.5% increase compared to RM88.7 million in FY2020, primarily driven by increased demand for coconut milk and other food products[33] - The gross profit margin remained stable at 11.9% for FY2021, compared to 11.8% for FY2020, indicating consistent profitability despite market challenges[33] Strategic Goals and Market Position - The company aims to be the preferred global supplier of coconut food products, focusing on quality and nutritional attributes[2] - The Group anticipates improved export sales in 2022 as many countries transition to the endemic phase of COVID-19, which is expected to positively impact overall business performance[26] - The Group remains committed to producing innovative coconut-based food and beverage products tailored to consumer preferences, positioning itself as a preferred global supplier[24] - The company is focused on expanding its market presence and enhancing product offerings through research and development initiatives[48] Management and Governance - The company has a strong corporate governance structure with various committees overseeing operations and compliance[4] - The management discussion and analysis section provides insights into the company's strategies and market conditions[4] - The company has a strong management team with extensive experience across various sectors of the food industry, enhancing operational efficiency and strategic planning[61] - The Group's strategic planning and daily operations are overseen by Mr. Tang, ensuring alignment with market trends and business objectives[44] Sustainability and Environmental Initiatives - The company adheres to the Environmental, Social and Governance Reporting Guide, ensuring transparency in sustainability issues and performance[91] - The company is committed to sustainability, integrating it into daily operations and focusing on brand building to maintain its market leader position in the food and beverage industry[112][113] - A monthly meeting is held to plan and monitor ESG (Environmental, Social, and Governance) KPIs, with performance submitted to the Board for review and improvement[125] - The company has established a chemical and microbiological testing laboratory to ensure high food quality and safety, which is critical for customer satisfaction[133] - The company emphasizes energy conservation and emission reduction measures to improve energy efficiency and promote low-carbon operations[174] Employee and Stakeholder Engagement - The company emphasizes a people-oriented business philosophy, focusing on employee safety, attractive compensation, and career advancement[197] - The company engages with key stakeholders, including employees, customers, and suppliers, to gather feedback and assess material aspects impacting business operations[127] - The company has initiated an environmental awareness program since 2019, promoting low carbon and sustainability concepts to stakeholders[190] Challenges and Risk Management - The ongoing global supply chain disruptions and inflationary pressures due to the COVID-19 pandemic and geopolitical tensions are acknowledged as challenges to economic recovery[23] - The Directors will remain vigilant regarding potential challenges arising from the ongoing COVID-19 situation to minimize disruptions to business operations[31] - The company has formulated a "Climate Environmental Risk Assessment" to identify climate impacts and associated risks, including potential loss of sales due to new environmental laws[194]
椰丰集团(01695) - 2021 - 年度财报