Financial Performance - For the fiscal year ending December 31, 2023, total revenue was 16,071 thousand New Taiwan dollars, a decrease from 23,301 thousand New Taiwan dollars in the previous year, representing a decline of approximately 30.5%[3] - Gross profit for the fiscal year was 5,940 thousand New Taiwan dollars, down from 10,710 thousand New Taiwan dollars, indicating a decrease of about 44.5%[3] - The net loss attributable to the company for the year was 4,876 thousand New Taiwan dollars, compared to a profit of 2,061 thousand New Taiwan dollars in the previous year, marking a significant shift in performance[4] - The basic loss per share for the fiscal year was (0.49) New Taiwan dollars, compared to a profit of 0.21 New Taiwan dollars per share in the previous year[3] - Other income for the fiscal year was 19 thousand New Taiwan dollars, down from 43 thousand New Taiwan dollars, reflecting a decrease of approximately 55.8%[3] - The comprehensive loss for the year was 4,641 thousand New Taiwan dollars, compared to a comprehensive income of 1,842 thousand New Taiwan dollars in the previous year, showing a substantial decline[4] - The total loss before tax for the company was 4,127 thousand New Taiwan Dollars, indicating challenges in the online business segment[20] - The group recorded a net loss of approximately SGD 4.9 million in fiscal year 2023, compared to a net profit of SGD 2.1 million in fiscal year 2022[65] Operating Expenses - The company reported a total operating expenses of 5,510 thousand New Taiwan dollars, slightly up from 5,191 thousand New Taiwan dollars, indicating an increase of about 6.1%[3] - Research and development expenses for mobile games were 2,816 thousand New Taiwan dollars, compared to 2,094 thousand New Taiwan dollars in the previous year, representing an increase of approximately 34.5%[3] - Total expenses for 2023 amounted to 19,215 thousand New Taiwan Dollars, a decrease from 20,096 thousand New Taiwan Dollars in 2022, representing a reduction of approximately 4.4%[34] - Administrative expenses rose to 5,510 thousand New Taiwan Dollars in 2023, compared to 5,191 thousand New Taiwan Dollars in 2022, marking an increase of about 6.1%[34] - The company incurred 550 thousand New Taiwan Dollars in selling and distribution expenses in 2023, slightly up from 531 thousand New Taiwan Dollars in 2022, which is an increase of approximately 3.6%[34] - The impairment provision for inventory was 500 thousand New Taiwan Dollars in 2023, significantly higher than 24 thousand New Taiwan Dollars in 2022, indicating a substantial increase[34] Assets and Liabilities - Total assets increased to NT$55,185 million in 2023 from NT$43,855 million in 2022, representing a growth of approximately 25.8%[6] - Current assets decreased to NT$43,784 million in 2023 from NT$31,190 million in 2022, showing an increase of about 40.3%[6] - Total liabilities rose to NT$21,073 million in 2023 compared to NT$9,333 million in 2022, indicating a significant increase of approximately 125.5%[8] - The company's equity attributable to owners decreased slightly to NT$34,112 million in 2023 from NT$34,522 million in 2022, a decline of about 1.2%[6] - Cash and cash equivalents increased to NT$38,936 million in 2023 from NT$12,577 million in 2022, reflecting a substantial growth of approximately 209.5%[6] - Trade and other receivables decreased to NT$3,043 million in 2023 from NT$4,407 million in 2022, a decline of approximately 30.9%[6] Business Segments - The manufacturing segment reported a revenue of 15,556 thousand New Taiwan Dollars, while the online business segment generated a revenue of 16,071 thousand New Taiwan Dollars, totaling 31,627 thousand New Taiwan Dollars[20] - The online business segment experienced a loss before tax of 1,986 thousand New Taiwan Dollars, while the manufacturing segment reported a profit before tax of 3,702 thousand New Taiwan Dollars[20] - The manufacturing segment's performance is primarily driven by precision engineering and machinery services[18] - The manufacturing business accounted for 98.58% of total revenue in fiscal year 2023, while online business contributed 1.42%[55] - The online business segment, specifically mobile gaming, saw revenue increase by approximately 516.2% to about SGD 0.23 million from SGD 0.04 million in fiscal year 2022, driven by the launch of new game experiences[59] Taxation - The company's income tax expense for 2023 was 749,000 SGD, a decrease from 1,153,000 SGD in 2022, representing a reduction of approximately 35%[36] - The corporate tax rate in Singapore remains at 17% for both 2023 and 2022[37] - The corporate tax rate in Malaysia is 24% for both 2023 and 2022[38] - In China, small and micro enterprises benefit from a reduced tax rate of 20% for taxable income not exceeding 1,000,000 RMB, down from 12.5% in 2022[39] - The company did not incur any Hong Kong profits tax for the year ending December 31, 2023, as it did not generate taxable profits in Hong Kong[40] - The group has no tax obligations in the Cayman Islands and British Virgin Islands for the years ending December 31, 2023, and 2022[41] Corporate Governance and Future Plans - The company has adhered to the corporate governance code and maintained high standards of corporate governance[92] - The board of directors includes two executive directors and three independent non-executive directors, ensuring a diverse governance structure[98] - The company plans to gradually utilize the remaining net proceeds for developing production facilities[89] - The group plans to enhance production capacity and efficiency through machine upgrades and the adoption of robotics technology, while also managing business expenses to reduce production and operational costs[67] - The company is focusing on expanding its online mobile gaming operations as part of its growth strategy[19]
FSM HOLDINGS(01721) - 2023 - 年度业绩