Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 94,439,000, an increase of 8.3% from HKD 87,049,000 in 2022[3] - Operating profit for the year was HKD 15,574,000, up 8.0% from HKD 14,414,000 in the previous year[3] - Net profit for the year was HKD 10,305,000, representing a growth of 1.6% compared to HKD 10,141,000 in 2022[3] - Basic earnings per share increased to HKD 2.58 cents from HKD 2.54 cents in the previous year[3] - Revenue from customer contracts for the year 2023 was 94,439 thousand Ringgit, an increase from 87,049 thousand Ringgit in 2022, representing an increase of approximately 4.8%[19] - The group’s net profit for the year ended December 31, 2023, was approximately MYR 10.3 million, a slight increase of about MYR 0.16 million compared to MYR 10.14 million for the year ended December 31, 2022[52] - Revenue for the year ended December 31, 2023, was approximately MYR 94.44 million, representing an increase of about 8.5% from MYR 87.05 million for the year ended December 31, 2022[55] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 61,824,000, compared to HKD 57,509,000 in 2022, reflecting a growth of 7.9%[4] - The company reported a decrease in total liabilities from HKD 21,511,000 in 2022 to HKD 13,826,000 in 2023, a reduction of 35.0%[5] - The total amount of loans receivable decreased from 24,017,000 MYR in 2022 to 17,898,000 MYR in 2023, representing a decline of approximately 25%[37] - The group's debt-to-asset ratio rose to 34% in 2023 from 23% in 2022, reflecting an increase of 11 percentage points[47] - The group's total equity and liabilities as of December 31, 2023, were approximately 48.95 million MYR and 25.03 million MYR, respectively, compared to 65.99 million MYR and 19.43 million MYR in 2022[71] Customer and Revenue Sources - Major customers contributing over 10% of total revenue included Customer A with 24,262 thousand Ringgit (up from 22,095 thousand Ringgit in 2022), Customer B with 12,323 thousand Ringgit (down from 15,126 thousand Ringgit), Customer C with 18,235 thousand Ringgit (up from 11,546 thousand Ringgit), and Customer D with 9,938 thousand Ringgit (down from 10,561 thousand Ringgit)[22] - The top five customers accounted for 74.0% of total revenue for the year ended December 31, 2023, slightly down from 75.4% in 2022, all being insurance companies or charitable organizations[77] Employee and Compensation - The total employee compensation increased to 63,364 thousand ringgit in 2023 from 59,317 thousand ringgit in 2022, reflecting a growth of approximately 3.5%[28] - Employee costs increased by approximately MYR 4.05 million or 6.8% to about MYR 63.36 million for the year ended December 31, 2023, with the average number of employees rising from 1,318 to 1,417[60] - The total employee cost for the year ended December 31, 2023, was approximately 63.36 million MYR, representing about 67.1% of the group's revenue, compared to 59.32 million MYR and 68.1% in 2022[76] - The group employed 1,412 employees as of December 31, 2023, compared to 1,388 employees in the previous year[94] Taxation and Expenses - The income tax expense for the year was 4,928 thousand Ringgit, compared to 4,000 thousand Ringgit in 2022, reflecting an increase of 23.2%[24] - Total operating expenses for 2023 were 11,051 thousand Ringgit, a decrease from 12,607 thousand Ringgit in 2022, indicating a reduction of approximately 12.3%[24] - Depreciation expenses rose by approximately MYR 0.53 million or 12.3% to about MYR 4.86 million due to a new lease agreement for the new contact center in Malaysia[61] - Other operating expenses decreased by approximately MYR 1.56 million or 12.4% to about MYR 11.05 million, primarily due to reductions in entertainment and communication expenses[62] Corporate Governance and Compliance - The company is committed to maintaining high corporate governance standards to enhance investor confidence and transparency[115] - The company has adhered to the corporate governance code as of December 31, 2023, with no deviations noted, except for the absence of an internal audit function, which the board deems unnecessary given the current scale and complexity of the business[117] - The audit committee, established on June 14, 2017, consists of three independent non-executive directors and has reviewed the draft annual performance for the year ending December 31, 2023[118] - The group's auditor has confirmed that the preliminary performance announcement aligns with the consolidated financial statements as of December 31, 2023[119] Future Outlook and Strategy - The company is focused on expanding its customer contact center services to promote financial products issued by authorized financial institutions[8] - The company plans to enhance its marketing solutions through new technology developments and strategic partnerships[8] - The group maintains a cautious strategy and expects a stable and resilient overall outlook for 2024, with no significant changes in the existing outbound telemarketing service seats ordered by current customers[102] - The board has resolved not to recommend any final dividend for the year ending December 31, 2023, while evaluating the possibility of a special dividend depending on the company's financial condition and cash levels[104]
UTS MARKETING(06113) - 2023 - 年度业绩