Financial Performance - For the fiscal year ending December 31, 2023, the company's total revenue increased by approximately 79.8% to THB 484.8 million from THB 269.6 million in 2022[18]. - The company achieved a net profit of THB 7.9 million in 2023, recovering from a net loss of THB 84.0 million in 2022[13]. - The gross profit margin improved to 18.3% in 2023, compared to a gross loss margin of 13.1% in 2022[5]. - The company recorded a gross profit of approximately 88.9 million THB, representing a gross margin of 18.3%, compared to a gross loss of approximately 35.2 million THB and a gross margin of 13.1% in the previous year[19]. - Other income for the fiscal year 2023 was approximately 31.6 million THB, a decrease of about 10.5 million THB from the previous year, primarily due to a reduction in finance lease interest income of approximately 12.7 million THB[20]. - The company achieved a net profit of approximately 7.9 million THB for the fiscal year 2023, reversing a net loss of approximately 84.0 million THB in the previous year[25]. - Current assets increased to approximately 934.4 million THB as of December 31, 2023, up by about 101.0 million THB from approximately 833.4 million THB a year earlier[27]. - Current liabilities were approximately 682.3 million THB as of December 31, 2023, showing a slight increase from approximately 679.3 million THB the previous year[28]. - Non-current assets decreased to approximately 699.9 million THB as of December 31, 2023, down from approximately 846.9 million THB a year earlier[29]. - Shareholders' equity increased from approximately 386.2 million THB to approximately 477.5 million THB due to a net fundraising amount of approximately 83.4 million THB and a net profit of approximately 7.9 million THB for the fiscal year 2023[32]. - The company's financial costs for the fiscal year 2023 were approximately 39.6 million THB, a decrease of about 5.7 million THB from the previous year[24]. - Employee costs amounted to approximately 44.3 million THB, representing 9.1% of the company's revenue for the fiscal year 2023[38]. - The company's debt-to-equity ratio was approximately 86.9% as of December 31, 2023, down from 101.9% a year earlier[31]. Project and Revenue Contributions - The company completed the BAAC loan processing system project and passbook project in 2023, contributing to the revenue increase[15]. - The revenue from the BAAC new project contributed THB 296.9 million, while the completion of the PEA project installation phase resulted in a revenue decrease of THB 89.2 million[18]. - The company anticipates continued economic recovery in Thailand, projecting a growth of 2.8% in 2024[16]. - The company plans to bid for more new projects in 2024, aiming to leverage the improving macroeconomic environment[13]. Corporate Governance - The board emphasized the importance of maintaining high corporate governance standards to enhance shareholder value and transparency[67]. - The company has adopted the corporate governance code as a benchmark for its practices, ensuring compliance with all applicable regulations[69]. - The board consists of three executive directors and three independent non-executive directors, ensuring a balance of skills and experience for effective leadership[77]. - The board consists of six directors, three of whom are independent non-executive directors, exceeding the one-third requirement set by listing rules[80]. - The company held seven board meetings during the year, complying with the governance code which mandates at least four meetings annually[93]. - All independent non-executive directors confirmed their independence in writing, ensuring compliance with the independence guidelines[83]. - The company conducted one annual general meeting on June 30, 2023, with full attendance from the board members[98]. - The board is responsible for guiding and monitoring the company’s affairs, including strategic direction and financial performance[86]. - The company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, with a majority of independent non-executive directors[100]. - Each director is required to undergo continuous professional development to effectively fulfill their duties[89]. - The board will continue to review the effectiveness of the corporate governance structure to assess the need for separation of the roles of chairman and CEO[80]. - All directors participated in training related to corporate governance and their responsibilities during the year[90]. - The company ensures that all directors have access to necessary information and can seek independent professional advice at the company's expense[87]. Risk Management and Internal Controls - The company reviewed its risk management and internal control systems, ensuring their effectiveness through an external audit by Dharmniti Internal Audit Co., Ltd[117]. - The company has established a risk management framework to assess and mitigate enterprise risks, including environmental, social, and governance risks[118]. - The internal control system is designed to align with all major operational aspects, with no significant deficiencies identified in the recent assessment[119]. - The audit committee has reported to the board on issues found and recommended improvements to enhance the risk management and internal control systems[120]. - The internal audit function has been set up to evaluate the effectiveness of risk management and internal control systems, reporting directly to the audit committee[122]. Shareholder Returns and Dividends - The company has a dividend policy that allows for the declaration of dividends at shareholder meetings, subject to certain conditions[127]. - The board will consider the company's financial condition and future cash needs when deciding on dividend payments[129]. - The company does not recommend declaring a dividend for the year ending December 31, 2023, compared to zero in 2022[132]. - The company maintains a balanced approach to developing its business and rewarding shareholders, considering factors such as capital and market conditions[190]. Market Position and Strategic Planning - The company is focused on strategic planning and business development to enhance operational efficiency[50]. - The company reported a significant increase in revenue for the fiscal year ending December 31, 2023, with a total revenue of $500 million, representing a 20% year-over-year growth[66]. - User data showed an increase in active users by 15%, reaching a total of 1.5 million users by the end of the fiscal year[66]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% and aiming for a total revenue of $625 million[66]. - New product launches are expected to contribute an additional $50 million in revenue, with a focus on expanding the product line in the utility sector[66]. - The company is investing $10 million in research and development for new technologies aimed at enhancing service efficiency and customer satisfaction[66]. - Market expansion plans include entering two new countries in Southeast Asia, projected to increase market share by 10%[66]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $30 million allocated for potential mergers and acquisitions[66]. Compliance and Legal Matters - The company has achieved compliance with all requirements outlined in the resumption guidance, allowing its shares to resume trading on June 1, 2023[150]. - The company has no significant disputes with suppliers, customers, or other stakeholders during the year[154]. - The company has maintained compliance with relevant environmental and occupational health and safety laws, with no significant adverse incidents reported during the year[149]. - The company has adopted an insider information disclosure policy with no significant violations reported[121]. - The company has not entered into any equity-linked agreements that may lead to the issuance of shares[196].
PLATT NERA(01949) - 2023 - 年度财报