Dividend Information - The proposed final dividend for the year ending December 31, 2023, is 0.28 Singapore cents per ordinary share, compared to 0.80 Singapore cents for the year ending December 31, 2022, representing a decrease of 65%[2]. - The company declared a final dividend of 0.80 SGD per ordinary share, which was paid to shareholders on August 24, 2023[79]. - The company reported cash dividends of 1,667 thousand SGD and scrip dividends of 1,881 thousand SGD for the six months ending December 31, 2023, totaling 3,548 thousand SGD[80]. - The company issued 4,531,676 new ordinary shares under its scrip dividend scheme at a price of 0.415 SGD for Singapore shareholders and 2.403 HKD for Hong Kong shareholders[116]. Financial Performance - The total comprehensive income for the year ending December 31, 2023, is reported at 12,406 thousand Singapore dollars, a significant increase from the previous year's total comprehensive loss of 31 thousand Singapore dollars[9]. - The company reported a net profit of 12,437 thousand Singapore dollars for the year, compared to a loss in the previous year, indicating a strong recovery in performance[9]. - The company reported a net profit before tax of 18,873 thousand SGD for the twelve months ended December 31, 2023, compared to 32,027 thousand SGD in 2022, representing a decrease of approximately 41.5%[50]. - The net profit after tax attributable to non-controlling interests for the first half of 2023 was 9,061 thousand SGD, down 43.8% from 16,133 thousand SGD in the same period of 2022[98]. - The net profit after tax attributable to non-controlling interests for the second half of 2023 was 2,111 thousand SGD, a significant drop of 69.6% from 6,946 thousand SGD in the previous year[98]. Revenue and Sales - The total revenue from contracts with customers reached 172,612 thousand SGD for the six months ending December 31, 2023[32]. - The company recorded total revenue of 341,766 thousand SGD for the year ended December 31, 2023, compared to 370,779 thousand SGD in 2022, reflecting a decrease of approximately 7.8%[61]. - Total revenue from contracts with customers reached 341,766 thousand SGD for the twelve months ending February 3, 2023, compared to 370,779 thousand SGD for the previous year, reflecting a decrease of approximately 7.8%[66]. - Revenue from the China region amounted to 249,136 thousand SGD for the twelve months ending February 3, 2023, compared to 243,202 thousand SGD for the previous year, indicating a growth of about 2.0%[66]. - The Singapore segment generated revenue of 32,335 thousand SGD for the twelve months ending February 3, 2023, down from 58,632 thousand SGD in the previous year, representing a decline of approximately 44.8%[66]. Assets and Liabilities - The total assets as of December 31, 2023, amount to 400,439 thousand Singapore dollars, showing a slight increase from 400,370 thousand Singapore dollars as of December 31, 2022[15]. - The total equity attributable to the owners of the company is 198,622 thousand Singapore dollars, a decrease from 197,829 thousand Singapore dollars in the previous year[16]. - The total liabilities increased to 159,774 thousand SGD as of December 31, 2023, compared to 157,770 thousand SGD in 2022, marking an increase of about 1.3%[61]. - The non-current liabilities have increased significantly to 61,628 thousand Singapore dollars from 15,602 thousand Singapore dollars in the previous year, indicating a rise in long-term financial obligations[15]. - The current liabilities decreased to 98,146 thousand Singapore dollars from 142,168 thousand Singapore dollars, reflecting improved short-term financial management[15]. Cash Flow and Expenses - Operating cash flow before changes in working capital was 32,812 thousand SGD for the twelve months ended December 31, 2023, down from 44,808 thousand SGD in 2022, indicating a decline of about 26.8%[50]. - Financing costs increased by 26% year-on-year to 4.4 million SGD due to higher bank borrowings and interest rates[153]. - Operating expenses were slightly reduced by 1 million SGD during the fiscal year 2023, reflecting the company's confidence in capability-building investments despite market softness[152]. - Administrative expenses increased by approximately SGD 1.3 million or 3.2% to SGD 40.4 million, primarily due to higher employee costs and office expenses[164]. Market and Strategic Outlook - The company plans to continue its market expansion and product development strategies to enhance future growth prospects[10]. - The group remains cautiously optimistic about economic recovery, noting that the manufacturing PMI in China crossed the 50-point threshold in December 2023 and January 2024[131]. - The company plans to leverage the current economic softness to improve future market access and share acquisition capabilities[131]. - The semiconductor industry is expected to see a cyclical recovery in 2024, which may lead to a broader recovery in the electronics sector, according to SEMI[157]. Segment Performance - The revenue from the industrial computing solutions segment in China was 124,144 thousand SGD for the six months ending December 31, 2023[32]. - The company’s revenue from the engineering solutions segment was 260,159 thousand SGD for the year ended December 31, 2023, compared to 278,462 thousand SGD in 2022, indicating a decline of approximately 6.5%[61]. - The industrial automation business in China, which accounts for 73% of revenue, grew by 6.6% year-on-year at constant exchange rates, despite a 2.0% decline in the overall market size[124]. - Renewable energy revenue increased significantly to 5.6 million SGD from 1.6 million SGD, with operational revenue from three hydropower stations recognized at 3.1 million SGD for the fiscal year 2023[188]. Other Financial Metrics - The basic earnings per share for the fiscal year 2023 were 0.80 SGD, down from 1.45 SGD in 2022[107]. - The company’s impairment provisions for trade and other receivables were 1,748 thousand SGD for the twelve months ended December 31, 2023, compared to 127 thousand SGD in 2022, showing a substantial rise[50]. - The gross profit margin decreased by 1.9 percentage points in fiscal year 2023, attributed to the cyclical downturn in high-margin sectors like semiconductors and electronics[125]. - The gross profit for the second half of 2023 decreased by SGD 5.0 million or 9.7%, and for the fiscal year 2023, it decreased by SGD 14.8 million or 13.9%[161].
亿仕登控股(01656) - 2023 - 年度业绩