Financial Performance - Revenue for the six months ended June 30, 2023, increased by approximately 18.9% to RM 95,030,000 from RM 79,923,000 in the same period last year[13] - Gross profit rose by 24.9% to RM 28,435,000, with a gross margin of 29.9%, compared to 28.5% in the previous year[13] - The profit attributable to owners of the company increased to RM 7,469,000, up from RM 6,006,000, representing a growth of approximately 24.3%[13] - Sales of printable apparel generated revenue of approximately RM 78,800,000, an increase of RM 12,000,000 or 18.0% from the previous year, with sales volume rising by 12.5% to approximately 6,300,000 units[17] - Revenue from gift products increased by 24.4% to RM 16,300,000, driven by a sales volume increase of 36.4% to approximately 4,500,000 units[23] - The profit attributable to the owners of the company was approximately 7,500,000 MYR, up from about 6,000,000 MYR in the same period last year, with a net profit margin of approximately 8.4% compared to 7.8% last year[30] - The company reported revenue of 95,030 thousand MYR for the six months ended June 30, 2023, an increase from 79,923 thousand MYR in the same period of 2022, representing a growth of approximately 19%[68] - Gross profit for the same period was 28,435 thousand MYR, up from 22,759 thousand MYR, indicating a year-over-year increase of about 25%[68] - The company achieved a profit before tax of 11,543 thousand MYR, compared to 9,121 thousand MYR in the previous year, reflecting a growth of approximately 27%[68] - Net profit for the period was 8,009 thousand MYR, an increase from 6,272 thousand MYR, which is a growth of around 28% year-over-year[68] - The total comprehensive income for the period amounted to 8,832 thousand MYR, compared to 6,850 thousand MYR in the prior year, representing an increase of about 29%[68] Expenses and Costs - Selling and distribution expenses increased by 17.0% to RM 5,500,000, reflecting higher employee benefits and marketing costs[25] - Administrative and other operating expenses increased by 25.0% to RM 13,000,000, mainly due to rising employee costs and director remuneration[27] - Financing costs decreased by 19.4% to RM 29,000, primarily due to a reduction in lease interest[28] - Total employee costs for the period amounted to approximately 16,600,000 MYR, compared to about 13,600,000 MYR in the same period last year[39] - The cost of goods sold for the six months ended June 30, 2023, was 66,595 thousand MYR, compared to 57,164 thousand MYR in the same period of 2022, indicating an increase of 16.5%[115] Taxation - The income tax expense increased by approximately 700,000 MYR or 25% to about 3,500,000 MYR compared to the same period last year, primarily due to an increase in profit before tax[29] - The total tax expense for the six months ended June 30, 2023, was 3,534 thousand MYR, compared to 2,849 thousand MYR in the same period of 2022, reflecting an increase of 24.1%[117] - The deferred tax liabilities increased to 3,484 thousand MYR for the six months ended June 30, 2023, from 2,291 thousand MYR in the same period of 2022, representing a growth of 52.2%[117] Assets and Liabilities - As of June 30, 2023, the group had a net current asset value of approximately 130,900,000 MYR, with cash and cash equivalents of about 80,200,000 MYR[37] - The group’s debt-to-equity ratio as of June 30, 2023, was approximately 3.7%, down from 4.3% as of December 31, 2022, due to repayment of interest-bearing loans and an increase in equity base[38] - Total assets decreased to 187,399 thousand MYR from 179,137 thousand MYR as of December 31, 2022, reflecting a 4.0% increase year-over-year[70] - The company reported a decrease in other receivables from MYR 9.82 million as of December 31, 2022, to MYR 6.63 million as of June 30, 2023[138] - The total value of trade receivables, net of impairment losses, was MYR 7.84 million as of June 30, 2023, an increase from MYR 7.35 million as of December 31, 2022[138] - The company reported inventory levels of MYR 43.32 million as of June 30, 2023, down from MYR 45.01 million as of December 31, 2022[137] - The total liabilities as of June 30, 2023, were MYR 13,558 thousand, compared to MYR 13,048 thousand as of December 31, 2022, showing a slight increase of about 3.9%[98][99] Business Strategy and Future Plans - The company plans to explore new business opportunities in Asian countries, particularly Indonesia, Thailand, and China, to ensure continued success amid economic uncertainties[16] - The group plans to enhance and improve existing warehouse capacity with a budget of 22.3 million HKD, which remains fully unutilized as of June 30, 2023[34] - The company plans to continue expanding its market presence in Malaysia and Singapore, focusing on providing printed apparel and gift products[84] - The group will continue to assess and explore new business opportunities in Asian countries to achieve sustainable growth and long-term benefits for shareholders[36] Shareholder Information - As of June 30, 2023, major shareholders, including MBV Capital Limited, held 471,000,000 shares, representing 75.0% of the total shareholding[58] - The company did not declare an interim dividend for the period[64] - The total number of issued and fully paid shares remained at 628,000 shares as of June 30, 2023, consistent with previous reporting periods[167] Capital Expenditures and Investments - The company acquired a land parcel in Johor Bahru, Malaysia for approximately MYR 23.6 million, with 40% of the payment (about MYR 10.24 million) made by June 30, 2023[126] - Capital expenditures for the first half of 2023 were MYR 24,992 thousand, significantly higher than MYR 2,361 thousand for the same period in 2022, indicating a substantial investment in growth[98][99] Compliance and Governance - The company has established an audit committee to oversee financial reporting processes[52] - The company adopted new/revised International Financial Reporting Standards effective from January 1, 2023, with no significant impact on the interim financial statements[88] - There were no significant post-period events reported after June 30, 2023[65]
大人国际(01957) - 2023 - 中期财报