Financial Performance - The group's revenue for the nine months ended September 30, 2023, was 522.8 million MYR, representing a 15.4% increase compared to the same period last year[11]. - The gross profit for the same period was 155.7 million MYR, up from 140.3 million MYR, indicating a strong performance despite challenging macroeconomic conditions[23]. - The net profit attributable to the company's owners for the nine months was approximately 108.4 million MYR, an increase of about 12.0% year-on-year[23]. - The company reported a net profit of 108,375 thousand MYR for the nine months ended September 30, 2023, compared to 96,727 thousand MYR for the same period in 2022, an increase of 12.8%[29]. - EBITDA for the same period was 122.6 million MYR, up 18.7% from 103.3 million MYR year-on-year[53]. - The group’s operating profit before tax increased to RM 110.9 million from RM 97.2 million year-on-year[50]. Cash and Liquidity - The cash and cash equivalents as of September 30, 2023, stood at 430.7 million MYR, compared to 328.6 million MYR as of December 31, 2022[12]. - Cash generated from operating activities amounted to RM 217.2 million, significantly up from RM 25.1 million in the previous year[50]. - Cash and cash equivalents increased by 100.1 million MYR for the nine months ended September 30, 2023, compared to a decrease of 37.4 million MYR in the same period last year[51]. - The company recorded bank interest income of 6.9 million MYR for the period, up from 3.3 million MYR in the previous year[58]. Assets and Liabilities - Total assets increased to 1,164,482 thousand MYR as of September 30, 2023, compared to 1,001,661 thousand MYR as of December 31, 2022, representing a growth of 16.2%[26][27]. - Total liabilities rose to 346,406 thousand MYR from 264,948 thousand MYR, indicating a growth of 30.7%[27]. - Total equity increased to 818,076 thousand MYR from 736,713 thousand MYR, a growth of 11.1%[27]. - Non-current assets rose to 309,403 thousand MYR, up from 230,183 thousand MYR, marking an increase of 34.3%[26][27]. - Current assets reached 855,079 thousand MYR, compared to 771,478 thousand MYR, reflecting an increase of 10.8%[26][27]. - Trade receivables decreased to 206,469 thousand MYR from 237,926 thousand MYR, a decline of 13.3%[26][27]. - Inventory increased to 181,774 thousand MYR from 170,934 thousand MYR, reflecting a growth of 6.3%[26][27]. Segment Performance - The automation testing equipment segment generated RM 358.7 million in revenue, a 9.8% increase compared to the previous year, with the automotive sector contributing approximately 74.4% of this segment's revenue[42]. - The semiconductor segment accounted for 18.8% of total revenue, down from 21.4% year-on-year, while the optoelectronics segment's contribution decreased to 6.6% from 20.1%[43]. - The factory automation solutions segment achieved record quarterly revenue of RM 88.3 million, with a 192.0% quarter-on-quarter growth, and total revenue of RM 176.8 million for the nine months, reflecting a 36.9% increase year-on-year[45]. - The medical instruments segment contributed 59.8% to the factory automation solutions revenue, up from 32.5% in the previous year, with an absolute revenue growth of over 100.0%[45]. - The automotive segment's strong performance is attributed to comprehensive testing and assembly solutions across major markets including the US, China, Japan, and Europe[42]. - The group anticipates continued growth in the automation solutions segment driven by increased adoption across various industries[45]. - The group expects the semiconductor segment to remain stable in the coming quarters despite current industry slowdowns[43]. Operational Developments - The company is on track with the construction of a new manufacturing facility, with the first phase expected to be completed by the end of the year, enhancing its manufacturing capacity[6]. - The growth strategy remains focused on product and segment diversification as well as geographical expansion[6]. - The company plans to expand its product portfolio and invest in new product development to ensure long-term business sustainability[57]. Expenses and Profitability - The administrative expenses for the period included a foreign exchange loss of 6.2 million MYR, compared to a loss of 20.3 million MYR in the same period last year[4]. - Administrative expenses decreased to 46.7 million MYR from 49.5 million MYR year-on-year, primarily due to reduced foreign exchange fluctuations[60]. - The gross profit margin for Q3 2023 was 30.5%, down from 31.4% in Q3 2022, while the gross profit margin for the nine months ended September 30, 2023, was 29.8%, compared to 31.0% in the previous year[57].
槟杰科达(01665) - 2023 Q3 - 季度业绩