Financial Performance - The company's revenue for the year ended December 31, 2023, increased by approximately 6.1% to about 211.0 million MYR, compared to 198.9 million MYR for the year ended December 31, 2022[5]. - The profit attributable to the owners of the company for the year was approximately 20.6 million MYR, with basic earnings per share of 3.28 sen, up from 2.41 sen in the previous year[5]. - The total comprehensive income for the year was 23.15 million MYR, compared to 17.38 million MYR in the previous year, reflecting an increase of approximately 33.3%[6]. - The company reported a net profit before tax of 30.82 million MYR, an increase from 24.37 million MYR in the previous year, representing a growth of approximately 26.0%[6]. - The pre-tax profit for the year was 30,820 thousand MYR, resulting in a net profit of 22,166 thousand MYR after tax expenses of 8,654 thousand MYR[29]. - The company's pre-tax profit for 2023 was RM 30,820,000, compared to RM 24,367,000 in 2022, reflecting a growth of 26.5%[47]. - Gross profit rose by approximately 18.1%, attributed to improved consumer spending and successful cost reductions from major suppliers[88]. Assets and Liabilities - The company's non-current assets increased significantly to 89.93 million MYR in 2023 from 43.01 million MYR in 2022, primarily due to investments in property, plant, and equipment[7]. - Current assets totaled 151.92 million MYR, slightly up from 143.44 million MYR in the previous year, with cash and cash equivalents increasing to 93.25 million MYR from 79.16 million MYR[7]. - Total assets as of December 31, 2023, amounted to 241,847 thousand MYR, with total liabilities of 45,301 thousand MYR, indicating a healthy asset-to-liability ratio[32]. - The company’s trade and other payables increased to 7.46 million MYR from 5.62 million MYR, indicating a rise of approximately 32.7%[7]. - The group’s total liabilities amounted to (61,164) thousand MYR, with current liabilities being the primary contributor[68]. - The debt-to-equity ratio was approximately 3.3% as of December 31, 2023, a decrease from 4.3% as of December 31, 2022, due to repayment of borrowings and an increase in equity base[105]. Equity and Dividends - The company's total equity increased to 196.55 million MYR in 2023 from 173.40 million MYR in 2022, indicating a growth of approximately 13.3%[8]. - The company did not declare any dividends for the year, compared to no dividends declared in the previous year[5]. - The group does not recommend any dividend for the fiscal year, consistent with the previous year[89]. Investments and Acquisitions - The company has made significant investments in joint ventures, with investments in associates amounting to 32.15 million MYR in 2023[7]. - The company has entered into a conditional share purchase agreement to acquire 20,000 shares of Lordan, representing 40% of its issued share capital, for 57,218,250 HKD (approximately 34,139,000 MYR)[54]. - The company aims to expand its SaaS business and enhance its competitive advantage in e-commerce through the acquisition of the associate company[55]. - The fair value of the investment in associates exceeded the carrying amount by approximately 7,367,000 MYR as of December 31, 2023, with no impairment recognized[65]. - The group completed the acquisition of 40% of Lordan Group Ltd., which is expected to enhance sales and marketing efforts in the Chinese retail market[87]. Revenue Segmentation - For the year ended December 31, 2023, total segment revenue was 211,017 thousand MYR, an increase from 198,927 thousand MYR in 2022, representing a growth of approximately 6.5%[29][30]. - Wholesale revenue from Malaysia increased to RM 167,124,000 in 2023, up from RM 156,567,000 in 2022, representing a growth of 6.3%[35]. - Revenue from gift products surged by approximately 26.7% to about 38.4 million MYR, reflecting a significant increase in sales volume[92]. Operational Insights - The company plans to continue focusing on expanding its market presence and enhancing product offerings in the coming fiscal year[29]. - The outlook for 2024 remains uncertain and challenging, with the company focusing on monitoring and reviewing its business strategies[100]. - The group aims to expand its market share by enhancing warehouse capacity and improving logistics processes[101]. Other Financial Metrics - The income tax expense for 2023 was RM 8,654,000, an increase from RM 7,697,000 in 2022, indicating a rise of 12.4%[47]. - Interest income rose to RM 1,871,000 in 2023 from RM 1,156,000 in 2022, a significant increase of 62.0%[38]. - Total employee costs, including directors' remuneration, amounted to approximately RM 30.2 million for the year ended December 31, 2023, compared to RM 26.8 million in 2022[106]. Corporate Governance - The board believes the company has complied with all provisions of the corporate governance code during the year[126]. - The annual performance for the year ending December 31, 2023, has been reviewed by the audit committee and external auditors, confirming consistency with the audited financial statements[130].
大人国际(01957) - 2023 - 年度业绩