Financial Performance - The total revenue for the group for the year ended December 31, 2023, was approximately NT$1,332.83 million, with a comprehensive income attributable to the company's owners of about NT$93.10 million[11]. - Basic earnings per share were approximately NT$0.0906[11]. - The company's total revenue for the year ending December 31, 2023, was approximately NT$1,332.83 million, a decrease of 16.6% from NT$1,598.90 million in 2022[15]. - The gross profit for the year was approximately NT$325.96 million, with a gross margin of 24.46%, compared to a gross profit of NT$107.48 million and a margin of 6.72% in 2022[20]. - Revenue from the integrated solutions segment was approximately NT$708.93 million, accounting for 53.19% of total revenue, down from 50.15% in 2022[16]. - Revenue from the sale of parts and second-hand semiconductor manufacturing equipment was approximately NT$623.90 million, representing 46.81% of total revenue, down from 49.85% in 2022[19]. - The group employed approximately 271 employees as of December 31, 2023, down from 294 employees in 2022[35]. - Employee costs amounted to approximately NT$224.10 million in 2023, down from NT$275.28 million in 2022[108]. - As of December 31, 2023, the distributable reserves available for shareholders were approximately NT$154 million, a decrease from NT$181 million in 2022[59]. - Sales to the top five customers accounted for approximately 72.12% of total revenue in 2023, up from 63.14% in 2022[61]. - Revenue from the largest single customer represented approximately 39.26% of total revenue in 2023, compared to 34.56% in 2022[62]. - The company has not recommended the payment of a final dividend for the year ended December 31, 2023[36]. Market Outlook - The global semiconductor market is projected to reach USD 588.3 billion in 2024, representing a year-on-year growth of 13.1%[7]. - The global electric vehicle market is expected to reach 17.5 million units in 2024, with a year-on-year growth of 27%[8]. - The semiconductor equipment market is forecasted to recover in 2024, with global semiconductor equipment sales increasing by 4% to USD 105.3 billion[9]. - Taiwan's semiconductor industry output is expected to grow from NT$3.77 trillion in 2023 to NT$4.29 trillion, a growth of 13.7%[9]. - The demand for automotive semiconductors is projected to grow significantly, with the automotive sector driving strong semiconductor demand due to trends in vehicle electrification and automation[8]. - The market for generative AI applications is expected to grow from USD 6.2 billion in 2023 to USD 58.5 billion by 2028, with a compound annual growth rate of 56%[8]. - The demand for AI-related chips and memory is anticipated to see strong growth, with businesses using generative AI expected to rise from less than 5% in 2023 to 80% by 2026[24]. Corporate Governance - The company has a strong governance structure, with independent non-executive directors serving on various committees, including audit and remuneration[44][45][46]. - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure[123]. - The board held four meetings during the year, demonstrating active oversight and engagement in company affairs[126]. - The company has adopted the corporate governance code as per the GEM Listing Rules, ensuring compliance and transparency in its operations[116]. - Independent non-executive directors have confirmed their independence annually, maintaining a high standard of governance[128]. - The board is responsible for guiding and monitoring the company's affairs, including strategic planning and financial performance oversight[134]. - The company has established four board committees to oversee specific matters, including audit, risk management, remuneration, and nominations[142]. - The board emphasizes the importance of environmental, social, and governance (ESG) factors for the group's long-term strategy and sustainable development[198]. Risk Management - The Risk Management Committee reviewed the adequacy and effectiveness of the group's risk management and internal control systems for the year ending December 31, 2023[147]. - The board has reviewed the effectiveness of the company's risk management and internal control systems, deeming them effective and sufficient as of December 31, 2023[171]. - The audit committee has assessed the adequacy of resources, staff qualifications, and training programs related to the group's accounting and financial reporting functions[172]. Sustainability and Social Responsibility - The company emphasizes sustainability as an integral part of its business success, incorporating core values into all business activities[193]. - The environmental, social, and governance report covers the period from January 1 to December 31, 2023, focusing on significant issues identified during the reporting year[194]. - The board regularly reviews sustainability goals and policies to ensure they align with stakeholder expectations and market competitiveness[198]. - In 2023, the group maintained strong relationships with stakeholders, utilizing diverse communication channels to gather feedback and adjust sustainability strategies[199]. Shareholder Relations - The company has established a shareholder communication policy to ensure effective responses to shareholder concerns and regularly reviews this policy for effectiveness[184]. - Shareholders holding at least 10% of the voting rights can request the board to convene a special general meeting within two months of the request[185]. - The company has adopted a dividend policy that allows the board to declare dividends based on various factors, including financial performance and cash flow, without a predetermined payout ratio[192]. Compliance and Legal Matters - The company is committed to complying with applicable laws and regulations, with no known violations that could significantly impact operations as of December 31, 2023[53]. - The company has not engaged in any foreign exchange hedging activities during the year 2023[30]. - The company has not entered into any management contracts with individuals or entities for the management of its business during the year[99]. - The company has not disclosed any tax relief benefits for shareholders holding its securities[65]. - No related party transactions or continuing connected transactions have been disclosed as required by the GEM Listing Rules during the year[92].
靖洋集团(08257) - 2023 - 年度财报