Financial Performance - The group's net profit for the year ended December 31, 2022, was approximately MYR 10.14 million, a decrease of about MYR 9.02 million compared to approximately MYR 19.16 million for the year ended December 31, 2021[4]. - The company's total revenue for the year ended December 31, 2022, was approximately 87.05 million MYR, a decrease of about 5.07% from approximately 91.70 million MYR for the year ended December 31, 2021[12]. - The company's net profit for the year ended December 31, 2022, was approximately 10.14 million MYR, with a net profit margin of about 11.6%, compared to 19.16 million MYR and 20.9% in 2021[21]. - The group experienced a revenue decrease of approximately MYR 4.65 million and an increase in employee costs of approximately MYR 6.66 million during the reporting period[7]. - The net cash inflow from operating activities for the year ended December 31, 2022, was approximately 6.98 million MYR, down from 28.50 million MYR in 2021[22]. Revenue and Cost Analysis - Revenue per seat per month decreased from MYR 7,243 for the year ended December 31, 2021, to MYR 6,259 for the year ended December 31, 2022, primarily due to lower billing rates from charities and other clients[4]. - Employee costs increased by approximately 12.65%, from about 52.66 million MYR to approximately 59.32 million MYR, with the average number of employees rising from 1,287 to 1,318[16]. - The average revenue per service seat per month decreased from 7,243 MYR to 6,259 MYR, primarily due to lower billable rates from charities and other clients[12]. - The total employee cost for the year ended December 31, 2022, was approximately 59.32 million MYR, an increase from 52.66 million MYR in 2021, with the number of employees rising to 1,388 from 1,170[42]. Operational Developments - The average number of service seats per month increased by approximately 9.8% from 1,055 seats for the year ended December 31, 2021, to 1,159 seats for the year ended December 31, 2022[4]. - The group plans to enhance its capabilities and maintain its leadership role in the telemarketing industry, including establishing a customer contact center and upgrading existing IT systems[5]. - The group has relocated its headquarters to a new property in Kuala Lumpur and integrated some excess positions from previous years due to social distancing measures[7]. - The group aims to develop a comprehensive billing and reconciliation service system as part of its innovation efforts[5]. Economic and Market Conditions - Malaysia's economy is expected to recover more rapidly following the lifting of movement restrictions and reopening of borders[11]. - The group acknowledges the ongoing challenges posed by COVID-19 and its variants, which have significantly impacted global economic activities[8]. - The group will continue to monitor the developments of COVID-19 to ensure employee safety and stable operations[11]. Governance and Management - The board consists of 6 members, including 3 executive directors and 3 independent non-executive directors, ensuring a balanced oversight structure[96]. - The company has complied with the listing rules regarding the appointment of at least three independent non-executive directors, with at least one possessing suitable accounting and financial management expertise[97]. - The company has adopted a new corporate governance code effective from January 1, 2022, to enhance transparency and accountability[93]. - The company has established three board committees: the audit committee, remuneration committee, and nomination committee, to assist the board in fulfilling its responsibilities[117]. Shareholder Information - A special dividend of 4.5 HK cents per ordinary share was declared on November 15, 2022, and paid on December 21, 2022[50]. - The company declared a special dividend of HKD 0.045 per share, equivalent to MYR 0.0255, paid to shareholders on December 21, 2022[140]. - As of December 31, 2022, the company had distributable reserves of approximately MYR 60 million[145]. - The company's major shareholders include Marketing Intellect (UTS) Limited with 180 million shares (45.00%), Marketing Talent (UTS) Limited with 66 million shares (16.50%), and Marketing Wisdom (UTS) Limited with 54 million shares (13.50%)[150]. Risk Management - The major risks identified include the ability to secure sufficient labor and control employee costs, as well as the risk of delayed payments from five key clients[138]. - The company has identified key operational risks that could impact financial performance, including labor acquisition and client payment delays[138]. - The company’s governance policies include regular reviews of compliance with legal and regulatory requirements[124]. Audit and Compliance - The independent auditor's report confirms that the financial statements reflect the group's financial position and performance accurately[187]. - The audit identified risks of material misstatement in the consolidated financial statements due to fraud or error, necessitating the design and execution of appropriate audit procedures[197]. - The auditor evaluated the appropriateness of accounting policies adopted by the board and the reasonableness of accounting estimates and related disclosures[197]. - The group is responsible for preparing financial statements that are true and fair, maintaining necessary internal controls to prevent material misstatements due to fraud or error[192].
比特策略(06113) - 2022 - 年度财报