Financial Performance - The total comprehensive income for the year ended December 31, 2022, was 42,556 thousand MYR, compared to 43,770 thousand MYR in 2021, representing a decrease of approximately 2.77%[16] - The group’s total revenue for the year was 35,882 thousand MYR, a decrease from 42,516 thousand MYR in the previous year, reflecting a decline of approximately 15.4%[14] - The company reported a net profit of RM 35,882,000 for the year, compared to RM 42,516,000 in 2021, showing a decrease of approximately 15%[28] - The operating profit before tax for the year was RM 33,873,000, down from RM 48,666,000 in the previous year, indicating a decline of about 30%[42] - Gross profit for the same period was approximately 76,636,000 MYR, an increase of about 9.4% from 70,042,000 MYR, with a gross margin decrease from approximately 25.4% to 21.5%[93] - The company recorded a pre-tax profit of approximately 33,873,000 MYR, down from 48,666,000 MYR in the previous year[104] - The company’s basic and diluted earnings per share for the year were 1.75 sen, down from 2.10 sen in the previous year[125] Revenue Breakdown - Revenue from customer contracts defined under IFRS 15 was RM 349,659,000, with contributions from various segments including RM 109,068,000 from freight forwarding services and RM 93,690,000 from container liquid bag solutions[28] - Revenue from logistics centers and related services increased by approximately 46.8% to about 70,798,000 MYR for the year ended December 31, 2022, primarily due to increased income from warehousing and ancillary services[54] - Revenue from integrated freight forwarding services included air freight income of 3,145,000 MYR, sea freight income of 49,109,000 MYR, freight forwarding income of 20,023,000 MYR, and non-vessel operating common carrier income of 36,791,000 MYR[61] - Revenue from container liquid bag solutions and related services increased by approximately 10.4% to about 93,690,000 MYR for the year ended December 31, 2022, mainly due to the appreciation of the US dollar[81] - Revenue from land transportation services increased by approximately 33.6% to about 62,940,000 MYR, primarily due to the performance of a newly acquired subsidiary and the purchase of new vehicles[94] - Revenue from external customers for 2022 was MYR 356,870,000, a 29.5% increase from MYR 275,561,000 in 2021[166] Expenses and Costs - The total administrative and operational expenses amounted to RM 36,530,000, reflecting an increase compared to the previous year's expenses[28] - Employee costs totaled RM 48,147,000, which is an increase from RM 30,942,000 in the prior year, indicating a rise of about 55%[36] - The company incurred financial expenses of RM 8,800,000, which includes RM 6,117,000 in lease liabilities interest[28] - Operating costs totaled approximately 280,234,000 MYR, an increase of about 36.4% or 74,715,000 MYR compared to the previous year[95] - Employee costs, including director remuneration, amounted to approximately 48,147,000 MYR for the year ended December 31, 2022, compared to 30,942,000 MYR in the previous year[87] Assets and Liabilities - Non-current assets increased to 367,916 thousand MYR in 2022 from 227,422 thousand MYR in 2021, representing a growth of approximately 61.9%[126] - Current assets rose to 194,998 thousand MYR in 2022, compared to 185,612 thousand MYR in 2021, marking an increase of about 5.4%[126] - Total liabilities increased to 160,125 thousand MYR in 2022 from 79,251 thousand MYR in 2021, reflecting a significant rise of approximately 102.5%[126] - The net asset value reached 308,313 thousand MYR in 2022, up from 265,499 thousand MYR in 2021, indicating an increase of around 16.1%[126] - Trade and other receivables grew to 130,584 thousand MYR in 2022, compared to 114,067 thousand MYR in 2021, which is an increase of approximately 14.5%[126] - Inventory levels increased to 21,193 thousand MYR in 2022 from 15,741 thousand MYR in 2021, representing a growth of about 34.5%[126] - Interest-bearing loans rose to 10,646 thousand MYR in 2022, compared to 5,037 thousand MYR in 2021, reflecting an increase of approximately 111.5%[126] - The company reported a borrowing cost of 8,800 thousand MYR in 2022, up from 5,209 thousand MYR in 2021, which is an increase of about 68.5%[144] Strategic Focus and Developments - The group operates in various segments, including fourth-party logistics services, which are crucial for its operational strategy[13] - The group is focused on enhancing its logistics capabilities, which is essential for maintaining competitive advantage in the logistics sector[13] - The company is focusing on digitalization and the application of new technologies to improve customer experience[96] - The company plans to invest in human capital by increasing employee numbers as part of its business expansion strategy[200] - The company is investing in solar technology to reduce carbon emissions[200] - The group plans to adopt a more comprehensive approach to environmental, social, and governance practices in the coming year, aiming for business expansion and development[82] Compliance and Reporting - The group has adopted new and revised International Financial Reporting Standards, which are not expected to have a significant impact on the consolidated financial statements[12] - The group’s financial reporting adheres to the latest accounting standards, ensuring compliance and transparency in its financial disclosures[12] - The financial statements are presented in Malaysian Ringgit (MYR), with amounts rounded to the nearest thousand MYR, ensuring clarity in financial reporting[7] Shareholder Information - The total number of shares outstanding as of December 31, 2022, was 2,064,000,000, an increase from 2,026,301,370 shares in the previous year[43] - The group did not recommend the payment of a final dividend for the year ended December 31, 2022, consistent with the previous year[88]
鹰辉物流(01442) - 2022 - 年度业绩