For the year 2023, digital transformation and ESG have become globally significant trends for every business, regardless of industry. Leaders should understand and maximize the benefits from these business trends. Digital transformation is no longer optional for businesses due to pressures from the pandemic and changing consumer trends towards digitalization. Organizations need to meet the changing expectations of employees amid a hybrid environment that emphasizes digitalization and continuous development. Leaders play a crucial role in driving successful digital transformation, including anticipating future business trends and challenges to define business vision, strategizing, and structuring business operations to manage and drive innovative thinking for sustainable digital transformation success. 

In the operational strategy for 2023, the company focused on continuously adjusting its business plans under the vision of being a "Tech Ecosystem Builder". TKS aimed to lead in expanding investments in the technology (Tech) sector continuously to adapt swiftly to digital technology changes. This involved innovating information systems and restructuring the organization within the company group to combine market development and product development, as well as cost reduction in manufacturing to enhance overall competitiveness while maintaining existing business foundations and seeking new business partners. 

Looking ahead for the next 2-3 years, TKS's business group is expected to diversify significantly, focusing on technology sectors, particularly in Deep Tech, leveraging its understanding of technology from experiences in tech startup ventures and affiliations such as SYNEX. The diversification and focus on technology businesses within TKS are expected to establish a strong foundation for long-term growth. 

Regarding financial performance, as of December 31, 2023, the company's revenue was 1,488.3 million baht, a decrease of 93.5 million baht or 5.9% from the previous year. This decline in revenue was primarily due to decreased sales of special project work in the anti-counterfeit printing business and reduced sales of customer data printing services through digital systems. The initial profit margin was 29.6%, down from 30.4% due to increased raw material costs and production expenses compared to the previous year. Net profit from operations was 108.1 million baht, down by 37.9 million baht or 26.0% from the previous year due to the reduced initial profit margin and increased sales and management expenses. Additionally, the company recognized a decrease in profit sharing from investments in joint ventures of 136.0 million baht, a decrease of 49.1%, mainly due to a decrease in profit sharing from SYNEX. Total assets as of December 31, 2023, were 5,345.1 million baht, a decrease of 448.9 million baht or 7.7%, primarily due to changes in the valuation of investment securities. The company's financial position remains strong, with a debt-to-equity ratio of 0.29. 

In 2024, the company anticipates recovery in both the label and packaging solutions business, expecting growth of over 25% by expanding markets into the food, electronics, and ASEAN markets, along with pushing forward the security label solution business, which has good growth potential. This will be achieved by leveraging technology to strengthen strategies as a Tech Ecosystem Builder. 

In the past year, the company renewed its membership with the Thai Private Sector Collective Action Against Corruption and maintained a 5-star rating for corporate governance for the second consecutive year, placing in the Top Quartile in the 2023 Thai Corporate Governance (CGR) assessment organized by the Thai Institute of Directors (IOD) under the support of the Stock Exchange of Thailand and the Securities and Exchange Commission. The company also received a perfect score of 100 in the AGM Checklist for the third consecutive year, demonstrating a commitment to sustainable business growth based on ethical principles and good governance practices, alongside social and environmental development efforts to create sustainable business value and provide long-term returns to investors. 

In addition, the company has received numerous awards and accolades related to its significant and sustainable development efforts. For example, it was awarded an A rating in the SET ESG Ratings for the second consecutive year (formerly known as THSI) in 2023, organized by the Stock Exchange of Thailand, in the industrial sector. The company was also consecutively honored with the Eco Factory accolade for the 7th year by the Federation of Thai Industries, reflecting its commitment to environmentally friendly operations for sustainable development. This recognition serves as a significant mechanism in demonstrating genuine sustainable development within the industry, including receiving awards such as the Outstanding Greenhouse Gas Reduction Network Factory accolade for the year 2023 from the Industrial Estate Authority of Thailand (IEAT), along with many other awards, reflecting the importance placed on conducting business sustainably. 

The board of directors extends gratitude to shareholders, partners, customers, financial institutions, and all stakeholders, as well as management and employees who have supported the company's operations throughout. We remain committed to conducting business ethically, with consideration for all stakeholders, responsibility to society and the environment, and striving to continuously prosper as a sustainable business leader in the future. 


On behalf of the Board of Directors,