Financial Performance - The company's revenue for the nine months ended September 30, 2022, was RM 452.9 million, an increase of 17.4% compared to RM 385.7 million in the same period last year[3]. - The profit for the period was approximately RM 96.7 million, representing a year-on-year increase of about 12.0% from RM 86.4 million[4]. - Basic and diluted earnings per share for the nine months ended September 30, 2022, were both 4.06 sen, compared to 3.60 sen for the same period last year[3]. - The company reported a net profit of 96,727 thousand MYR for the nine months ended September 30, 2022, compared to 86,398 thousand MYR for the same period in 2021, representing an increase of approximately 11.5%[9]. - The net profit for the nine months ended September 30, 2022, was 96.7 million MYR, a 12.0% increase from 86.4 million MYR in the same period last year, with EBITDA rising to 103.3 million MYR, up 9.0% from 94.8 million MYR[22]. Cash and Liquidity - Cash and cash equivalents as of September 30, 2022, were RM 314.6 million, down from RM 350.0 million as of December 31, 2021[4]. - Operating cash flow for the nine months ended September 30, 2022, was 25,092 thousand MYR, down from 80,059 thousand MYR in the previous year, indicating a decline of about 68.7%[10]. - The company reported a decrease in cash and cash equivalents by 37,441 thousand MYR for the nine months ended September 30, 2022, compared to an increase of 38,019 thousand MYR in the prior year[11]. Assets and Liabilities - Total assets as of September 30, 2022, were RM 964.5 million, an increase from RM 825.1 million as of December 31, 2021[8]. - Total liabilities as of September 30, 2022, were RM 265.2 million, up from RM 188.3 million as of December 31, 2021[8]. - Total equity as of September 30, 2022, was RM 699.3 million, compared to RM 636.7 million as of December 31, 2021[8]. - Total equity as of September 30, 2022, was 699,338 thousand MYR, up from 604,686 thousand MYR as of September 30, 2021, reflecting a growth of approximately 15.6%[9]. Inventory and Receivables - The company's inventory as of September 30, 2022, was RM 140.0 million, significantly higher than RM 72.0 million as of December 31, 2021[7]. - Trade receivables increased to RM 242.9 million as of September 30, 2022, from RM 164.0 million as of December 31, 2021[7]. - The company experienced a significant increase in inventory, which rose by 68,048 thousand MYR compared to an increase of 28,382 thousand MYR in the prior year[11]. Revenue Segments - Revenue from the Automation Testing Equipment segment increased by 113.8 million MYR to 385.2 million MYR, marking a growth of 41.9%, with the automotive sector contributing approximately 55.2% of this segment's revenue[15]. - The Factory Automation Solutions segment reported a total revenue of 131.0 million MYR for the first nine months of 2022, up from 118.5 million MYR in the same period last year, reflecting a growth of 10.6%[17]. - The automotive sector accounted for 40.9% of total revenue in the first nine months of 2022, significantly up from 17.2% in the same period last year[18]. - The semiconductor industry contributed a revenue increase of 19.9% compared to the same period in 2021, indicating strong demand driven by global digital transformation trends[16]. - The company continues to see robust demand for its proprietary i-ARMS (Intelligent Automation Robotics Manufacturing System) solutions, particularly in the medical devices sector, which contributed 11.3% of total revenue[17]. - The company anticipates growth in revenue from the Factory Automation Solutions segment as the industrial automation market expands post-pandemic, presenting significant opportunities[17]. Expenses and Other Income - Administrative expenses rose to 49.5 million MYR from 29.9 million MYR in the previous year, primarily due to a derivative loss of 20.3 million MYR and increased employee benefits costs of 3.5 million MYR[21]. - Other income increased from 14.2 million MYR in the previous year to 15.3 million MYR for the nine months ended September 30, 2022, with approximately 10.8 million MYR in foreign exchange gains offsetting a derivative loss of about 20.3 million MYR, resulting in a net foreign exchange loss of approximately 9.5 million MYR[20]. Capital Expenditures and Dividends - The company incurred capital expenditures of 18,314 thousand MYR for the purchase of property, plant, and equipment during the nine months ended September 30, 2022, compared to 7,852 thousand MYR in the previous year[11]. - The company paid dividends totaling 26,904 thousand MYR for the year-end 2021, compared to 16,998 thousand MYR for the year-end 2020, marking an increase of about 58.5%[11]. Future Outlook - The company is optimistic about achieving record business growth by the end of the fiscal year, with strong contributions from the automation testing equipment and factory automation solution segments, despite potential global economic challenges[23]. - The automotive segment is expected to be a major strategic pillar for the company in the medium term, supported by rapid growth in electrification trends, with necessary operational costs incurred for regional expansion[24].
槟杰科达(01665) - 2022 Q3 - 季度财报