Financial Performance - Revenue for the year ended December 31, 2022, was RM 91,623,708, a slight decrease of 1.1% from RM 92,657,153 in 2021[5] - The company reported a loss before taxation of RM 43,130 for 2022, compared to a loss of RM 5,808,358 in 2021, indicating an improvement in financial performance[5] - Total assets as of December 31, 2022, were RM 173,072,500, an increase from RM 170,461,339 in 2021[5] - Total liabilities remained stable at RM 55,520,280 in 2022, compared to RM 55,522,699 in 2021[5] - Net assets increased to RM 117,552,220 in 2022 from RM 114,938,640 in 2021, reflecting a positive trend in the company's equity[6] - The Group achieved approximately RM91.62 million in revenue for FY2022, representing a decrease of approximately 1.1% compared to RM92.66 million in FY2021, primarily due to reduced sales of coconut milk and beverages[32] - The gross profit margin improved to approximately 15.5% in FY2022, up from approximately 11.9% in FY2021[32] - The financial performance improvement in FY2022 is attributed to the dedication and commitment of the staff, as well as the support from customers and business associates[34] 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] - Future strategies include expanding market presence and enhancing product offerings to drive growth[2] - The company is committed to achieving superior returns and sharing success with all stakeholders involved[2] - The business outlook for 2023 is fairly satisfactory, with expected sales expansion as many countries reopen their borders with few or no restrictions[25] - The Group is focusing on product innovation and research and development to enhance quality and strengthen its marketing and sales structure[27] - The Group aims to build a sustainable business and strong in-house brands such as "Santan", "Cosip", "Kerra", and "Rasa Enak" through intensive digital brand building and expanded distribution channels[31] Management and Governance - The company has maintained a consistent corporate governance structure to support its strategic objectives[3] - The company has a strong management team with diverse backgrounds in finance, operations, and human resources, enhancing its strategic planning and operational efficiency[47] - The company is committed to maintaining high standards in production and quality assurance, leveraging the expertise of its experienced management team[51] - The Group's financial management is overseen by Chief Financial Officer Ms. Celine Liew, who has over 20 years of experience in accounting and financial management[82] - The Director of Sales and Marketing, Ms. Soh Soo Fei, has over 30 years of experience in sales within the IT industry, enhancing the Group's strategic sales planning[83] Sustainability and Environmental Commitment - The company is committed to environmental sustainability with a zero waste policy[26] - The Group's commitment to sustainability is reflected in its ESG Report, which addresses material impacts and outlines sustainability strategies[85] - The Group adheres to the ESG Reporting Guide set out by the Hong Kong Exchanges and Clearing Limited to disclose sustainability issues during the reporting period[87] - The Group emphasizes the importance of corporate governance measures in conjunction with its ESG initiatives[87] - S&P International Holding Limited emphasizes sustainability as a core part of its growth strategy, focusing on environmental protection, quality control, and community investment[108] Product Quality and Safety - S&P International Holding Limited has established an in-house chemical and microbiological testing laboratory to ensure high food quality and safety, critical for customer satisfaction[133] - The company has received multiple certifications related to quality management and food safety, including FSSC 22000v5 and ISO 9001:2015, enhancing customer confidence in product quality[134] - A comprehensive final test is conducted on finished products, including random sampling checks for acidity, moisture levels, and the presence of pathogens like E.coli and salmonella[145] - The company maintains high production quality through advanced processing techniques, including ultra-high-temperature preservation for coconut milk[106] Employee and Workforce Management - As of December 31, 2022, the Group employed a total of 348 employees, an increase from 343 employees in 2021[171] - The overall turnover rate in 2022 was approximately 36%, up from approximately 26% in 2021[178] - The gender distribution of employees in 2022 was 80% male and 20% female, consistent with 2021[172] - The Group maintained a zero-tolerance policy towards discrimination in employment practices[187] - Performance appraisals are conducted regularly to evaluate employees' performance and determine promotions and bonuses[188] Stakeholder Engagement - The Group values stakeholder feedback on its sustainability performances and encourages communication via email[90] - Key stakeholders include employees, customers, business partners, shareholders, suppliers, government, and the community, with specific expectations outlined for each group[124][125] - The company emphasizes the importance of maintaining communication with stakeholders to align business strategies with their needs and expectations[123] - Continuous review of identified issues is undertaken to enhance sustainability performance and adapt to stakeholder feedback[128]
椰丰集团(01695) - 2022 - 年度财报