Financial Performance - Anacle Systems reported revenue of SGD 23.2 million for the fiscal year ending May 31, 2022, an increase from SGD 22.1 million in the previous fiscal year, representing a growth of 5%[10] - The net profit after tax for 2022 was SGD 2.3 million, up from SGD 2.1 million in 2021, indicating a growth of approximately 9.5%[10] - Total revenue for 2022 reached SGD 23.24 million, an increase of 4.86% from SGD 22.17 million in 2021[22] - Gross profit for 2022 was SGD 9.52 million, up from SGD 9.02 million in 2021, reflecting a gross margin of 40.9%[22] - Adjusted EBITDA for 2022 was SGD 3.69 million, compared to SGD 4.06 million in 2021, indicating a decrease of 9.2%[22] - The company reported a pre-tax adjusted profit of SGD 2.20 million for 2022, slightly up from SGD 2.17 million in 2021[22] - The gross margin improved from 38.1% in 2021 to 41.1% in 2022, attributed to increased employee productivity[11] - The company maintained a strong recurring revenue base despite global economic uncertainties and inflation pressures[24] Revenue Breakdown - Revenue from the Simplicity® software division grew by 13.5%, reaching SGD 21 million in 2022, compared to SGD 18.5 million in 2021[11] - Revenue from the myBill® utility revenue assurance platform decreased by 44.8%, from SGD 1.7 million in 2021 to SGD 0.9 million in 2022[11] - The Starlight® smart utility management solution's revenue fell by 43.3%, from SGD 1.7 million in 2021 to SGD 1 million in 2022[11] - Simplicity® business solutions generated revenue of SGD 14.16 million, representing a 17.8% increase from SGD 12.02 million in 2021[22] - Total revenue for Starlight® decreased by 43.3% to SGD 962,488 in the fiscal year ending May 31, 2022, down from SGD 1,698,505 in 2021[43] - Recurring revenue for Starlight® was SGD 184,579, a decline from SGD 320,160 in 2021, indicating a drop of 42.4%[43] Cash Flow and Financial Position - As of May 31, 2022, Anacle Systems has accumulated cash reserves of SGD 15.8 million from operations, indicating strong cash flow[17] - The company reported a cash balance of 15,770,924 SGD, significantly up from 8,176,761 SGD in the previous year, improving liquidity[72] - The net current assets increased to 14,565,631 SGD from 11,804,630 SGD, indicating a stronger financial position[72] - The total equity rose to 16,438,275 SGD, up from 14,078,044 SGD, primarily due to the net profit for the year[72] - The company had no significant investments, acquisitions, or disposals of subsidiaries during the fiscal year[74] - As of May 31, 2022, the group had no bank borrowings, maintaining a debt-free status[186] Operational Challenges - Starlight® smart utility management solutions faced challenges, with revenue impacted by regulatory difficulties and high energy prices[24] - The company faced challenges in maintaining profit margins due to inflation-related material and subcontracting cost increases[55] - myBill® revenue decreased by 44.8% or SGD 748,479 due to the sudden closure of iSwitch Energy in November 2021[40] Employee and Management - The company has a team of over 100 professionals focused on developing innovative solutions for the real estate and utility management sectors[24] - Employee compensation increased to 2,628,909 SGD, reflecting a 4.2% rise from 2,523,605 SGD in the previous year, driven by competitive IT talent recruitment[65] - The company employed 151 staff as of May 31, 2022, with total employee compensation amounting to 12.6 million SGD, an increase from 11.1 million SGD for 129 employees in 2021[87] Corporate Governance - The company reported compliance with all applicable corporate governance code provisions for the fiscal year ending May 31, 2022[110] - The board consists of eight members, with over 60% being non-executive and independent non-executive directors, ensuring strong independent judgment[116] - The company aims to enhance shareholder value through robust corporate governance practices[109] - The company adhered to the corporate governance code by separating the roles of Chairman and CEO, with Mr. Li Quanxiang as Chairman and Mr. Liu Yijun as CEO for the fiscal year 2022[123] Future Outlook and Strategy - The company plans to cautiously manage cash and investment activities amid ongoing global economic uncertainties[17] - The company plans to strengthen sales and marketing efforts in Southeast Asia, Australia, and New Zealand starting in FY2023[28] - The company aims to capture a significant share of Singapore's next-generation metering infrastructure with Starlight® and Tesseract®[28] - The company expects myBill® to recover in FY2023 with the launch of billing services on the myBill® platform[28] - The company is investing in R&D for new technologies, with a budget allocation of D million, focusing on E innovations[95] Risk Management - The company is actively monitoring foreign exchange risks, particularly related to cash held in HKD and RMB, although it does not currently use financial instruments to hedge these risks[78] - The company faces risks related to seasonal fluctuations, with lower sales typically recorded from June to November each year[84] Shareholder Communication - The company aims to enhance investor relations and communication to ensure timely access to information for investors[174] - The company has adopted a shareholder communication policy to ensure equal and timely access to information for shareholders[170] - The upcoming annual general meeting is scheduled for September 30, 2022, with a registration suspension period from September 27 to September 30, 2022[183]
安科系统(08353) - 2022 - 年度财报