Financial Performance - For the fiscal year ended December 31, 2022, total revenue was approximately MYR 105.7 million, a decrease of about 5.6% from MYR 111.9 million in the previous year[11]. - Gross profit for the same period was approximately MYR 23.4 million, down approximately 11.9% from MYR 26.6 million in 2021[11]. - The company reported a loss attributable to shareholders of approximately MYR 0.8 million, compared to a profit of MYR 2.7 million in the previous year[11]. - Basic loss per share for the year was approximately MYR 0.10, a decline from a basic earnings per share of MYR 0.34 in the prior year[11]. - The company's total comprehensive loss for the year was MYR 15,000, compared to a total comprehensive income of MYR 6.01 million in 2021[12]. - The group’s pre-tax profit was approximately RM 2.7 million for the year ended December 31, 2022, down from RM 9.1 million for the year ended December 31, 2021[129]. - The group’s net profit for the year ended December 31, 2022, was approximately RM 0.3 million, a decrease from RM 4.5 million for the year ended December 31, 2021[130]. Revenue Sources - Revenue from outsourcing services was MYR 105.68 million, with significant contributions from document management and insurance marketing services[24]. - Revenue from major customer groups accounted for 62.80% of total revenue, down from 74.73% in the previous year, indicating a diversification in revenue sources[42]. - Outsourced document management services and related software applications contributed approximately 99.6% of total revenue in 2022[96]. - Revenue from outsourced insurance risk analysis and marketing services was approximately 21.9 million Ringgit in 2022, down from 25.6 million Ringgit in 2021, representing about 20.7% of total revenue[98]. - Revenue from enterprise software solutions increased by approximately RM 0.7 million or 14.9% to about RM 5.8 million for the year ended December 31, 2022, compared to RM 5.1 million for the year ended December 31, 2021[99]. Assets and Liabilities - Total assets as of December 31, 2022, were MYR 111.76 million, down from MYR 117.16 million in 2021[6]. - Non-current liabilities decreased to MYR 7.00 million in 2022 from MYR 9.87 million in 2021[15]. - The company's total liabilities decreased from 19,422 million MYR to 16,898 million MYR, a reduction of approximately 13%[34]. - The net current assets decreased from 77,789 million MYR to 62,573 million MYR, representing a decline of about 19.5%[34]. - The total trade receivables net amount decreased from 21,257 million MYR to 19,774 million MYR, a decline of approximately 7%[67]. - As of December 31, 2022, the company's debt-to-equity ratio was approximately 15.2%, down from 18.4% on December 31, 2021, primarily due to a reduction in interest-bearing bank loans from approximately RM 16.2 million to RM 13.4 million[136]. Cash Flow and Investments - The company’s cash and bank balances were MYR 53.93 million, down from MYR 66.28 million in the previous year[14]. - The company invested RM 3.0 million in a structured financial product issued by CIMB Islamic Bank, which matured in April 2022, yielding approximately RM 35,000 in interest income during the investment period[137]. - The company generated approximately RM 21,000 in interest from its investment portfolio during the period from January 1, 2022, to April 18, 2022[137]. - The company’s investment strategy focuses on low-risk products to generate stable interest income, with regular monitoring of investment performance[137]. Dividends - The company did not recommend a final dividend for the year ended December 31, 2022, compared to no final dividend in the previous year[11]. - The group did not recommend a final dividend for the year ended December 31, 2022, consistent with the previous year where no dividend was declared[159]. Operational Developments - The company plans to expand its data processing and technology capabilities by converting an existing building into a new data center[92]. - The acquisition of a building in Malaysia for 12.0 million Ringgit (approximately 22.3 million HKD) is aimed at upgrading IT infrastructure and expanding outsourced services[94]. - The construction of the new data center is expected to be completed by the end of 2023[94]. - The company aims to maintain and strengthen relationships with existing clients while acquiring new clients in Malaysia, Singapore, and China[93]. - The company has utilized approximately 6.2 million Ringgit (around 12.0 million HKD) from internal resources for data center design and project management since 2020[94]. - The company is committed to compliance with China's data security and personal information protection laws[95]. - The company experienced a decline in demand for outsourced insurance risk analysis services due to the unprecedented COVID-19 outbreak in China[98]. - The group plans to develop advanced internet cloud technology and big data analytics to create comprehensive and efficient service systems for clients in the insurance and insurance-related industries in China[116]. - The company is upgrading its IT infrastructure and expanding its data center capabilities in Malaysia to enhance document hosting for its outsourcing and enterprise software solutions[199]. - The new data center facility will improve the company's ability to provide electronic distribution and enterprise software solutions, supporting its outsourcing document management services[199]. Employee and Administrative Expenses - The total employee compensation for the year ended December 31, 2022, was approximately RM 13.5 million, an increase from RM 11.3 million in 2021[173]. - Administrative expenses increased by approximately RM 3.4 million or 18.7% to about RM 21.4 million for the year ended December 31, 2022, primarily due to increased employee costs and research costs related to insurance risk analysis services[104]. - The group had 168 employees as of December 31, 2022, down from 172 employees in the previous year[173]. Compliance and Governance - The company’s board committees' terms of reference were revised and adopted on January 3, 2023[140]. - The company has not identified any violations of the standard code of conduct regarding securities trading by its employees for the year ending December 31, 2022[151]. - The group’s auditor, Ernst & Young PLT, reviewed the financial statements and confirmed that they were consistent with the amounts presented in the consolidated financial statements[155].
C-LINK SQ-NEW(01463) - 2022 - 年度业绩