Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of 371,105,000 MYR, an increase of approximately 4.0% from 356,870,000 MYR in 2022[12] - The gross profit for the same period was 68,941,000 MYR, down from 76,636,000 MYR in 2022, reflecting a decrease of about 10.1%[12] - The net profit for the year was 18,379,000 MYR, a significant decline of approximately 48.9% compared to 35,882,000 MYR in the previous year[12] - The company reported a basic and diluted earnings per share of 0.89 MYR cents for the year, down from 1.75 MYR cents in 2022[28] - The group reported a pre-tax profit of RM 24,515,000 for the year, reflecting a strong operational performance despite financial expenses of RM 12,245,000[60] - The company reported a net profit of RM 18,379,000 for the year, demonstrating resilience in a competitive market[60] - The company recorded a net profit before tax of 54,668 thousand MYR in 2023, compared to 48,147 thousand MYR in 2022, indicating an increase of 13%[100] Revenue Breakdown - The logistics center and related services revenue increased by about 16.4% to approximately 82,409,000 MYR, driven by higher demand for yard services[5] - The total revenue for the year ended December 31, 2023, was RM 364,391,000, with a significant contribution from the container liquid bag solutions segment, generating RM 114,300,000[60] - The logistics center and related services segment achieved a revenue of RM 75,695,000, contributing to the overall profitability of the group[60] - Air freight service revenue increased to 6,727 thousand MYR in 2023 from 3,145 thousand MYR in 2022, representing a growth of 114%[75] - Container liquid bag solutions revenue rose to 114,300 thousand MYR in 2023, up from 93,690 thousand MYR in 2022, marking a 22% increase[77] - Total revenue from logistics center and related services was 75,695 thousand MYR in 2023, compared to 63,587 thousand MYR in 2022, reflecting a growth of 19%[92] - Revenue from land transportation services increased by approximately 12.6% to about 70,869,000 MYR for the year ended December 31, 2023, driven by increased demand for bridge and land branch services[141] - Revenue from integrated freight forwarding services decreased by approximately 17.0% to about RM 90,492,000 due to a slowdown in global trade and increased competition[162] - Revenue from fourth-party logistics services decreased by approximately 36.0% to about 13,035,000 MYR for the year ended December 31, 2023, attributed to a reduction in customer shipments within this service category[143] Expenses and Costs - The financial expenses for the year were 12,245,000 MYR, an increase from 8,800,000 MYR in the previous year, reflecting a rise of approximately 39.5%[12] - The group incurred administrative and other operating expenses totaling RM 32,567,000, which impacted the net profit margin[60] - The depreciation expense for the year was RM 22,503,000, reflecting the ongoing investment in property, plant, and equipment[60] - The company's operating expenses totaled 36,530 thousand MYR in 2023, reflecting the ongoing operational costs[83] - The group's operating costs for the year ended December 31, 2023, totaled approximately 302,164,000 MYR, an increase of about 21,930,000 MYR or 7.8% compared to the previous year[197] Assets and Equity - The company's total assets as of December 31, 2023, were approximately 522,819,000 MYR, compared to 468,438,000 MYR in 2022, indicating a growth of about 11.6%[21] - The company's net asset value increased to 339,675,000 MYR in 2023 from 308,313,000 MYR in 2022, representing an increase of approximately 10.2%[21] - The total equity attributable to the company's shareholders increased to RM 334,260,000 in 2023, up from RM 308,191,000 in 2022, indicating a growth of approximately 8.5%[50] - The total capital and reserves of the group reached RM 339,675,000, an increase from RM 308,313,000 in the previous year[50] - The company's interest-bearing borrowings amounted to approximately RM 128,086,000, an increase from RM 83,120,000 in 2022, with a weighted average effective interest rate of approximately 5.05%[161] - The debt-to-equity ratio as of December 31, 2023, was approximately 0.69, compared to 0.66 in 2022[161] Strategic Focus and Future Outlook - The company has not announced any new products or technologies during the reporting period, focusing instead on operational efficiency and market expansion strategies[22] - The company aims to enhance its core principles while embracing new challenges for growth and business expansion in the coming year[145] - The company is focusing on digital transformation to empower and enhance employee skills within a diamond-shaped organizational structure[144] - The company plans to adopt a more comprehensive approach in the coming year, investing in digitalization and automation to enhance efficiency and customer experience[164] - The company anticipates that the upcoming year will be crucial for achieving its goals and vision[145] Employee and Workforce - The company employed a total of 908 employees in Malaysia as of December 31, 2023, an increase from 657 employees in 2022, with employee costs amounting to approximately RM 54,668,000[150] - The total cost of employees was reported, but specific figures were not detailed in the provided content[122] Dividends - The company did not declare a final dividend for the year ended December 31, 2023, consistent with the previous year[111] - The board did not recommend a final dividend for the fiscal year ending December 31, 2023, consistent with the previous year[172] Other Information - The company’s trade receivables net impairment loss was 165,000 MYR, a decrease from 922,000 MYR in 2022, indicating improved credit management[12] - The company has adopted new and revised international financial reporting standards, which are not expected to have a significant impact on the group's financial statements[53] - Other income for the group was approximately 536,000 MYR, a decrease of about 2,937,000 MYR or 84.6% compared to the previous year, primarily due to the net gain from the sale of warehouses recorded last year[197] - The group maintained a healthy liquidity position for the year ended December 31, 2023, following a prudent financial and earnings fund management policy[198] - There were no significant events affecting the group reported after the reporting period and up to the date of this announcement[199]
鹰辉物流(01442) - 2023 - 年度业绩