POWERMATIC DATA SYSTEMS LIMITED Powermatic Data Systems Limited - Sustainability Report 2020/2021
SUSTAINABILITY REPORTING 2020/2021
Powermatic Data Systems Limited
0
Powermatic Data Systems Limited - Sustainability Report 2020/2021
SUSTAINABILITY REPORT 2020/2021 | ||
CONTENTS ---------------------------------------------------------------------------------------------- | P1 | |
1. | BOARD STATEMENT ----------------------------------------------------------------------------------------------------------- | P2 |
2. | ECONOMIC----------------------------------------------------------------------------------------------------------------------------- | P3-5 |
- Our Business
- Economic Performance, financial summary, markets
- EICC Standards
- R&D and Core IP
3. | STAKEHOLDER ENGAGEMENT---------------------------------------------------------------------------------------------------- | P6 |
4. | MATERIAL FACTORS----------------------------------------------------------------------------------------------------------------- | P6-7 |
5. | ENVIRONMENT----------------------------------------------------------------------------------------------------------------------- | P8-11 |
- Electricity and Water Conservation
- Waste Management
- Work Place Air and environment certification
- Supply Chain
- Compliance
6. SOCIAL---------------------------------------------------------------------------------------------------------------------------------- | P11-15 |
- Inclusive Workplace and Talent Management
- Work Force Characteristics
- Employees Entry Wages
- Diversity in Work Force
- Employee by Department (March 2020)
- Occupation Health and Safety
- Ongoing Community Engagement
- Employees Benefits
- Training and Education
- Operation disrupted due to Covid-19 Pandemic
7. GOVERNANCE------------------------------------------------------------------------------------------------------------------------ | P16-17 |
- Governance
- Whistle-BlowingPolicy
- Risk Management
- Investors Relation
8. | MEASURES AND TARGETS FOR 2019/2020 ---------------------------------------------------------------------------- | P17-18 |
9. | PERFORMANCE TRACKING AND REPORTING ---------------------------------------------------------------------------- | P18-19 |
GRI Standards Index -------------------------------------------------------------------------------------------------------------------- | P19-21 | |
Relevant corresponding reference location in our Annual Report 2020/21 | ||
1 |
Powermatic Data Systems Limited - Sustainability Report 2020/2021
1. Board Statement
Powermatic Data Systems Ltd (hereafter referred to as "PDS" or the "Group") is pleased to present the third annual Sustainability Report (the "SR Report") which covers our Group's performance from 1 April 2020 to 31 March 2021 (the "reporting period").
This Report covers the Group's key sustainability issues, management approach, and related performance. It is prepared following the GRI Standards: Core Option.
Our board of directors continues to appoint a steering committee headed by Ms. Katherine Ang and a working committee consists of senior staff of Singapore Entity and our subsidiary in Suzhou, China to supervise the sustainability report in 2020/21.
During the process, our committees have worked closely with all HODs and our stakeholders from whom we gathered valuable material ESG factors for our sustainability assessment. The committee updates their findings as and when they deem important and keep the Board informed.
The company observes all health and safety precautions in protecting our employees since the start of the Covid-19 pandemic, also in full support of our national measures and related policies. We practise social distancing, require visitors to scan the QR code to check in, do the health and travel history declarations, arrange staff to work from home when practicable and encourage staff to observe personal hygience. Our factory in Kulai, Johor Malaysia had started operations in last quarter of FY2021 to cater to our customers who wish to source their supplies from South-East Asia. The Kulai plant also provides a back-up facility to ensure production capacity remains steady in case of Suzhou plant is down. In anticipation of having to work remotely becoming a new norm, we have stepped up our IT infrastructure to ensure business continuity in coping with the prolonged pandemic situation.
During this reporting period, the board members remained the same and have received the progressive reports on issues impacting the sustainability of the Group. Our board takes yearly sustainability reporting seriously, all concerns of stakeholders are duly discussed and put into our business strategy to make room for improvements. The BOD wishes to thank all parties who participated in the compilation of this report.
Chairman, Board of Director
Sustainability Reporting Steering Committee
Chairperson: Ms. Katherine ANG
Members: Molly CHUA / Yvonne ANG / Alex TIONG/ Kelly LI
Sustainability Reporting Working Committee
Chairperson: Molly CHUA
Members: Kelly LI / SUN HONG LIAN
2
Powermatic Data Systems Limited - Sustainability Report 2020/2021
2. Economic
2.1 Our Business
Powermatic Data Systems was established in Singapore since 1 February 1989 and was listed in the SGX since 1992. As an investment holding company, it has seven fully owned subsidiaries located in Singapore, China, USA, and Malaysia. The Group operates under two main segments:
- Manufacturing and sale of Wireless Connectivity products and related services
- Lease and maintenance of Harrison Industrial Building, a freehold investment property owned by the Company.
Geographically, our sales distribution for FY2021 is Asia - 37%, USA - 29%, Europe - 30%, and other regions - 4%.
Wireless connectivity is the core business and the main profit driver of the Group. Apart from manufacturing its own designed hardware, the Group also provides OEM, ODM solutions, and other sales-related services to customers.
Our product range includes high-performance wireless radio modules, embedded boards, indoor and outdoor access points, and wireless antennas. These products are used in various industries such as PC, IoT, Health care, Hospitality, Security surveillance, and many others.
Our product applications by customers: In healthcare sector, our wireless radio modules have been integrated into healthcare products to provide wireless connectivity for easier access of patients' database; in security industry, our outdoor access points have been deployed to provide live feed transmission across long distances for remote surveillance; in factory automation industry, our wireless radio modules have been utilized in factory application such as power meters and robots to increase productivity; and in industrial PC, our Industrial Grade wireless radio modules have been utilized in industrial computers designed to transmit crucial data to servers. https://compex.com.sg/https://compex.com.sg/cn/
The Group develops and designs its own proprietary array of wireless communication products. To further our technology reach, we have a technology partnership with Qualcomm Atheros (QCA). Our subsidiary Compex Systems Pte Ltd was officially appointed as Qualcomm Authorized Design Centre in South East Asia in 2014. As a Qualcomm design center, we provide our wireless know-how, including those in our proprietary array, in both hardware and software services to many multinational corporations. Our clientele includes reputable distributors of electronic and wireless device components, system integrators, wireless products design houses, and Fortune 500 corporations.
The Group's property business is carried out by the holding company Powermatic Data Systems itself. The freehold property is situated at 7 & 9 Harrison Road, Singapore, 369651. We house our Singapore operations in one of the units and rent out the rest.
The Covid-19 pandemic has brought changes to both commerce and lifestyle. These changes will continue into
3
Powermatic Data Systems Limited - Sustainability Report 2020/2021
the post Covid-19 era. Cloud computing, 5G and many new trends. The higher speed and capability enhancements brought about by these new trends have enabled the extension of corporate networks to homes. A user working from home can enjoy the same access and security as working in the corporate office. We participate in enabling advanced WiFi capabilities to such new systems. We also participate with our customers in wireless applications in transportation, home security, IoT, education etc. The increasing awareness of our capabilities in wireless integration has contributed to the Group's revenue growth.
2.2 Economic Performance
Here is a glance at our financial records over the last five years
Income Statement | 2017 | 2018 | 2019 | 2020 | 2021 | ||||||||||||
Revenues (S$ million) | 15.4 | 16.1 | 21.0 | 21.8 | 26.3 | ||||||||||||
Profit before tax (S$ million) | 4.68 | 5.31 | 7.73 | 9.86 | 9.1 | ||||||||||||
Earning per share (Sin Cents)-diluted | 11.97 | 12.94 | 20.01 | 24.99 | 21.23 | ||||||||||||
Dividend per share (Sin Cents) | 7 | 7 | 8 | NIL | 5 | ||||||||||||
Dividend paid as a percentage of profit, net of tax (%) | 58 | 54 | 40 | NIL | 24 | ||||||||||||
Net assets value per share with investment property and | 1.51 | 1.57 | 1.68 | 1.75 | 1.81 | ||||||||||||
freehold office unit stated at carrying cost (S$) | |||||||||||||||||
Net assets value per share with investment property and | 1.91 | 1.98 | 2.14 | 2.18 | 2.4 | ||||||||||||
owner-occupied property stated at fair value (S$) | |||||||||||||||||
Staff head count (In Numbers) | 74 | 76 | 88 | 83 | 84 | ||||||||||||
Figure 1 Financial Performance (2017-2021)
2.3 EICC standards (Electronic Industry Code of Conduct)
Our plant in Suzhou continues to practice EICC standards (now also known as Responsible Business Alliance Code of Conduct), and all our major customers recognized and accepted our standards. The EICC Standard includes an essential requirement of various international standards such as SA8000, ISO14001, OHASAS18001, and QC080000. It is an integrated standard. By adopting EICC standard, we ensure that the best practices of labour regulation, health & safety, environment, management system, and ethnicity are kept in check at all times.
2.4 R & D new products
During the calendar year 2021, customers are moving rapidly towards adopting WiFi 6 products to replace their older WiFi 5 products. The R&D focus for this financial year is still on WiFi 6 and should be the same across the next 3-4 years, until 802.11be aka WiFi 7 standard is finalized and ready for commercial use.
The focus as always, with our OEM and ODM offerings to our customers, is on delivering stable and high- performance hardware with value added software integration and certification compliances. While doing so, products designed by the R&D always take into consideration the impact it has on environment, safety, and
4
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Powermatic Data Systems Ltd. published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2021 12:43:05 UTC.
