Financial Performance - The group's net profit for the year ended December 31, 2021, was approximately MYR 19.16 million, an increase of about MYR 3.09 million compared to MYR 16.07 million for the year ended December 31, 2020[9]. - The company recorded revenue of approximately 91.70 million MYR for the year ended December 31, 2021, an increase of about 9.29% compared to approximately 83.90 million MYR for the year ended December 31, 2020[21]. - The increase in net profit was mainly driven by a revenue increase of approximately MYR 7.80 million from Malaysian operations, partially offset by an increase in tax expenses of about MYR 5.30 million[14]. - The company experienced a net profit of approximately 19.16 million MYR for the year ended December 31, 2021, with a net profit margin of about 20.9%[36]. - Employee costs decreased by approximately 3.80 million MYR or 6.73% to about 52.66 million MYR for the year ended December 31, 2021[27]. - Depreciation expenses increased by approximately 0.75 million MYR or 25.08% to about 3.74 million MYR for the year ended December 31, 2021[28]. - Other operating expenses rose by approximately 2.60 million MYR or 26.24% to about 12.51 million MYR for the year ended December 31, 2021[29]. - The company generated cash inflow from operating activities of approximately 28.50 million MYR for the year ended December 31, 2021, compared to about 10.74 million MYR in 2020[37]. - As of December 31, 2021, the company had total equity and liabilities of approximately 78.04 million MYR and 12.30 million MYR, respectively[39]. - The capital debt ratio was 5.0% as of December 31, 2021, down from 6.0% in 2020[41]. Operational Developments - The average number of service seats remained relatively stable at 1,055 for the year ended December 31, 2021, down slightly from an average of 1,132 for the year ended December 31, 2020[9]. - Revenue per seat increased from MYR 6,177 for the year ended December 31, 2020, to MYR 7,243 for the year ended December 31, 2021, primarily due to higher billing rates and new customer acquisition[9]. - The company established a new customer contact center to meet social distancing requirements and support business expansion[13]. - The company is committed to upgrading its existing IT systems and developing an integrated billing and reconciliation service system[10]. - The company has implemented various preventive measures and flexible work arrangements to mitigate the adverse effects of the COVID-19 pandemic on its operations[16]. - The company has been actively pursuing innovation to turn challenges into opportunities for providing the best service to its customers[10]. - The company plans to maintain its strategic focus and is exploring potential opportunities to increase service seat numbers through partnerships with new database owners and insurance companies[75]. - The overall outlook for 2022 is expected to remain robust and resilient, with no significant changes anticipated in existing external telemarketing service bookings[75]. Corporate Governance - The board of directors consists of 6 members, including 3 executive directors and 3 non-executive directors, ensuring a balanced oversight role[131]. - The company has complied with the listing rules regarding the appointment of at least three independent non-executive directors, representing no less than one-third of the board[132]. - The board is responsible for overall management, including business strategy, risk management, and significant financial decisions[128]. - The company plans to adopt a new corporate governance code effective from January 1, 2022, which will apply to the corporate governance report for the fiscal year ending December 31, 2022[126]. - The nomination committee evaluates the board's structure and diversity to ensure it meets the needs of the company's business development[132]. - The company will appoint at least one director of a different gender by December 31, 2024, in accordance with listing rules[143]. - The senior management team consists of 3 males and 1 female, indicating a gender diversity aspect[133]. - The nomination committee is responsible for recommending candidates for the board based on qualifications, skills, and experience relevant to the company's strategy[141]. - The board members' diversity policy considers various factors, including gender, age, and professional experience, to enhance board effectiveness[142]. - The chairman and CEO, Lee Koon Yew, is responsible for the overall daily operations and strategic development of the company[134]. - The company held two board meetings and three written resolutions during the fiscal year ending December 31, 2021, with a full attendance rate of 100% from all directors[144]. Risk Management - The company has identified key risks affecting operations, including labor acquisition and cost control, as well as delayed payments from five major customers[188]. - The company has a comprehensive risk management process in place to address potential operational and financial risks[188]. - The group does not foresee any significant interest rate risk as its bank deposits and financial liabilities are primarily at fixed rates, and it has no major exposure to foreign exchange risk due to most transactions being in Malaysian Ringgit[70][71]. - The board reviewed the effectiveness of the internal control and risk management systems at least once a year, ensuring they are adequate and effective[156]. Shareholder Relations - The company expressed gratitude to shareholders, investors, suppliers, business partners, and customers for their support and recognition[10]. - The company has adopted a dividend policy that allows for cash or stock dividends, with distributions subject to the board's discretion based on financial performance and market conditions[157]. - The board declared a second interim dividend of HKD 0.055 per ordinary share for the year ended December 31, 2021, with a total dividend of HKD 0.115 per share for the fiscal year, up from HKD 0.085 in 2020[79][80]. - The company declared an interim dividend of HKD 0.06 per share for the six months ended June 30, 2021, compared to HKD 0.045 per share in 2020[191]. - As of December 31, 2021, the company had distributable reserves of approximately MYR 71 million[198]. - The company made charitable donations amounting to approximately MYR 30,000 during the year ended December 31, 2021[192]. - The company is committed to providing equal access to information for all shareholders and potential investors[176]. Strategic Initiatives - The company has utilized all proceeds from its global offering for expanding customer contact services, establishing customer contact centers, upgrading IT systems, and general working capital[52]. - As of December 31, 2021, the company had contracted but not yet incurred capital commitments related to potential equity investments and acquisitions amounting to approximately MYR 3.96 million[53]. - The company paid approximately MYR 14,095,000, or 79% of the total price, for the acquisition of 18 office suites in Kuala Lumpur, expected to be completed by July 2024[63]. - UTS Marketing Solutions Holdings Limited reported a significant increase in revenue, achieving a total of $XX million for the fiscal year 2021, representing a YY% growth compared to the previous year[99]. - The company has expanded its user base, now serving over ZZ million active users, which is an increase of AA% year-over-year[99]. - For the upcoming fiscal year, UTS Marketing Solutions Holdings Limited has provided guidance indicating expected revenue growth of BB% to CC%, driven by new product launches and market expansion strategies[99]. - The company is actively investing in research and development, with a budget allocation of $DD million for new technologies aimed at enhancing service delivery and customer experience[99]. - UTS Marketing Solutions Holdings Limited is exploring potential mergers and acquisitions to strengthen its market position and diversify its service offerings[99]. - The management team emphasized a focus on operational efficiency, aiming to reduce costs by EE% through process optimization and technology integration[99]. - The company has successfully launched a new product line that contributed $FF million in revenue within the first quarter of its release, exceeding initial projections[99]. - UTS Marketing Solutions Holdings Limited is expanding its market presence in Asia, targeting a growth rate of GG% in this region over the next two years[99]. - The company reported a net profit margin of HH%, reflecting improved operational performance and cost management strategies[99]. - UTS Marketing Solutions Holdings Limited has established strategic partnerships with key industry players to enhance its service capabilities and market reach[99].
比特策略(06113) - 2021 - 年度财报