DailySpaceMQ Technology Berhad
0070 · ACE Market创业板（ACE Market） · annual reports 2023 to 2026, 996 entries read2023 至 2026 年报，共读出 996 条
The company这家公司
MQ Technology Berhad is involved in the manufacturing of precision tooling, moulds and automation components, with manufacturing facilities operated by Microlead Precision Technology Sdn Bhd in Bayan Lepas, Penang. Another manufacturing subsidiary, Microlead Manufacturing Sdn Bhd, remains dormant.MQ Technology Berhad 从事精密模具及自动化组件的制造业务，制造基地由位于槟城峇六拜的 Microlead Precision Technology Sdn Bhd 运营。另一家制造子公司 Microlead Manufacturing Sdn Bhd 则保持休眠状态。
Source: annual report 2023, page 6; annual report 2025, page 6; annual report 2026, pages 6, 12.出处：2023 年年报第 6 页；2025 年年报第 6 页；2026 年年报第 6、12 页。
In the financial year ended 28 February 2026, Thailand accounted for 66.9% of group revenue (RM6,227,337), Malaysia 23.7% (RM2,208,926), the United States 5.9% (RM546,086), Ireland 3.5% (RM322,033) and Australia 0.1% (RM6,658). Two trade debtors represented approximately 70% of group trade receivables.截至 2026 年 2 月 28 日止财政年度，泰国占集团营业额的 66.9%（RM6,227,337），马来西亚占 23.7%（RM2,208,926），美国占 5.9%（RM546,086），爱尔兰占 3.5%（RM322,033），澳大利亚占 0.1%（RM6,658）。两家贸易应收账款客户占集团贸易应收账款的大约 70%。
Source: annual report 2026, pages 6, 150.出处：2026 年年报第 6、150 页。
The group initiated diversifications into theme parks, property development and healthcare through Star Acres Sdn Bhd, MQ Builders Sdn Bhd and Yixi Wellness Sdn Bhd, but these entities remained dormant in all three annual reports. The theme park project was put on hold indefinitely.集团曾通过 Star Acres Sdn Bhd、MQ Builders Sdn Bhd 和 Yixi Wellness Sdn Bhd 启动进入主题公园、房地产开发及医疗保健领域的多元化计划，但这三家实体在三份年报中均保持休眠状态。主题公园项目已被无限期搁置。
Source: annual report 2023, page 6; annual report 2025, pages 6, 13; annual report 2026, page 6.出处：2023 年年报第 6 页；2025 年年报第 6、13 页；2026 年年报第 6 页。
On 19 February 2025 the group agreed to sell its factory land and building in Bayan Lepas for RM30,000,000. A 3-storey factory extension, with a capitalised cost of about RM6.41 million, was completed during the 2026 financial year. The property was classified as assets held for sale at a carrying amount of RM29,966,595 as at 28 February 2026.集团于 2025 年 2 月 19 日同意以 RM30,000,000 脱售位于峇六拜的厂房土地及建筑物。资本化成本约 RM6.41 million 的 3 层厂房扩建工程于 2026 财年内完成。截至 2026 年 2 月 28 日，该产业被列为持有待售资产，账面值为 RM29,966,595。
Source: annual report 2025, page 116; annual report 2026, pages 9, 134.出处：2025 年年报第 116 页；2026 年年报第 9、134 页。
On 25 September 2024, the company completed a share consolidation of every 10 existing ordinary shares into 1 ordinary share. As at the 2026 report, Dato' Seri Ang Tin Foo and Ting Ding Chen each held 10,000,000 shares (4.413%), with Ting Ding Chen's shares held under a pledged securities account with CGS International Nominees (Tempatan) Sdn Bhd. Directors reported no family relationships with any director or major shareholder.2024 年 9 月 25 日，公司完成每 10 股现有普通股合并为 1 股普通股的股份合并。截至 2026 年年报，Dato' Seri Ang Tin Foo 与 Ting Ding Chen 各持有 10,000,000 股（4.413%），其中 Ting Ding Chen 的股份存放在 CGS International Nominees (Tempatan) Sdn Bhd 的抵押证券账户中。董事声明与任何董事或主要股东之间均无亲属关系。
Source: annual report 2026, pages 15, 16, 70, 161.出处：2026 年年报第 15、16、70、161 页。
Tong Sian Shyen resigned as Managing Director on 16 October 2024 and was redesignated as Group Chief Executive Officer. Terence Cheah Eu Lee was appointed as Executive Director on 27 August 2025. Dato' Lim Char Boo and Gerald Nicholas Tan Eng Hoe retired as directors on 26 August 2025 Low Henn Kai joined the board on 27 August 2025 and Dato' Masrul Affendy Bin Masram on 22 September 2025.Tong Sian Shyen 于 2024 年 10 月 16 日辞去董事经理职务并调任为集团首席执行员。Terence Cheah Eu Lee 于 2025 年 8 月 27 日获委任为执行董事。Dato' Lim Char Boo 与 Gerald Nicholas Tan Eng Hoe 于 2025 年 8 月 26 日退任董事职务。Low Henn Kai 于 2025 年 8 月 27 日、Dato' Masrul Affendy Bin Masram 于 2025 年 9 月 22 日加入董事会。
Source: annual report 2025, page 18; annual report 2026, pages 23, 26, 59.出处：2025 年年报第 18 页；2026 年年报第 23、26、59 页。
Revenue by market (domestic vs overseas), 20262026 年营业额（本地与海外）占比
Source: annual report 2026, page 6.出处：2026 年年报第 6 页。
Major events大事记
Source: annual report 2023, page 43.出处：2023 年年报第 43 页。
Source: annual report 2023, pages 8, 114.出处：2023 年年报第 8、114 页。
Source: annual report 2025, pages 46, 53.出处：2025 年年报第 46、53 页。
Source: annual report 2025, pages 116, 141.出处：2025 年年报第 116、141 页。
Source: annual report 2026, page 158.出处：2026 年年报第 158 页。
Revenue and profit before taxation营业额与税前盈利 /（亏损）
Total assets and total equity总资产与总权益
20232023 年
Revenue fell to RM6,749,543 and the group incurred a gross loss of RM1.77 million and a net loss of RM15,064,533. Share options exercised under the share issuance scheme provided cash proceeds of RM5,510,088. Cash spent on purchasing property, plant and equipment was RM8,598,604, including factory extension works. Other receivables decreased partly due to RM3.65 million received from Oriental Link Properties. Cash and bank balances decreased to RM889,383.营业额跌至 RM6,749,543，集团录得毛亏损 RM1.77 million 及净亏损 RM15,064,533。员工配股计划下行使的购股权提供了 RM5,510,088 的现金收益。购买物业、厂房与设备的现金支出为 RM8,598,604，包括厂房扩建工程。其他应收款项减少，部分是由于收到来自 Oriental Link Properties 的 RM3.65 million。现金与银行结余减少至 RM889,383。
Source: annual report 2023, pages 6, 7, 42, 60, 61, 87.出处：2023 年年报第 6、7、42、60、61、87 页。
20252025 年
In the 17-month period ended 28 February 2025, revenue was RM10,808,133, gross profit was RM145,264, and net loss was RM11.99 million. The company raised RM7,000,000 by issuing redeemable convertible bonds to Triton Capital Fund VCC, receiving net proceeds of RM2,557,454 after transaction costs of RM4,442,546, while RM4,300,000 of bonds were converted into shares. Share issues under ESOS brought cash proceeds of RM4,862,005, and share capital was reduced by RM50,000,000 to offset accumulated losses. Cash spent on property, plant and equipment was RM3,987,818. A deposit of RM2.95 million was received for the proposed disposal of land and building, and RM29,602,274 was reclassified to assets held for sale.在截至 2025 年 2 月 28 日止的 17 个月期间，营业额为 RM10,808,133，毛利为 RM145,264，净亏损为 RM11.99 million。公司通过向 Triton Capital Fund VCC 发行可赎回可转换债券筹集了 RM7,000,000，扣除 RM4,442,546 的交易费用后获得净收益 RM2,557,454，同时有 RM4,300,000 的债券转换为股份。ESOS 下的股份发行带来了 RM4,862,005 的现金收益，并且股本削减了 RM50,000,000 以抵销累计亏损。用于物业、厂房与设备的现金支出为 RM3,987,818。就拟脱售土地与建筑物收取了 RM2.95 million 的定金，并将 RM29,602,274 重新归类为持有待售资产。
Source: annual report 2025, pages 6, 7, 8, 9, 64, 68, 71, 72, 118.出处：2025 年年报第 6、7、8、9、64、68、71、72、118 页。
20262026 年
Revenue was RM9,311,039, gross profit was RM0.85 million, and net loss was RM5,558,162. Further convertible bonds of RM1,200,000 were issued, RM900,000 was paid to redeem convertible bonds, and RM1,000,000 was converted into 20,000,000 ordinary shares. Capital expenditure for property, plant and equipment was RM469,000, with cash payments of RM105,158. The company subscribed for shares in associate Yuen Hing (Hong Kong) Technology for HKD2,000,000 (RM2,542,200), and recognised an impairment loss on prepayments of RM2.75 million.营业额为 RM9,311,039，毛利为 RM0.85 million，净亏损为 RM5,558,162。公司进一步发行了 RM1,200,000 的可转换债券，支付了 RM900,000 赎回可转换债券，并将 RM1,000,000 转换为 20,000,000 股普通股。物业、厂房与设备的资本支出为 RM469,000，现金支付额为 RM105,158。公司以 HKD2,000,000（RM2,542,200）认购联营公司香港源兴科技的股份，并确认了 RM2.75 million 的预付款项减值亏损。
Source: annual report 2025, page 141; annual report 2026, pages 6, 8, 9, 67, 85, 90, 125, 126, 135.出处：2025 年年报第 141 页；2026 年年报第 6、8、9、67、85、90、125、126、135 页。
Across the three reports三份年报合看
Across the reports, the group recorded net losses in each period: RM15,064,533 in FYE2023, RM11.99 million in FPE2025 and RM5,558,162 in FYE2026. No dividend was proposed or paid in any of the three financial periods.综合各期年报，集团在每个期间均录得净亏损：2023 财年为 RM15,064,533，2025 财期为 RM11.99 million，2026 财年为 RM5,558,162。三个财政期间均未建议或派发任何股息。
Source: annual report 2023, pages 8, 42; annual report 2025, pages 8, 11; annual report 2026, pages 11, 67.出处：2023 年年报第 8、42 页；2025 年年报第 8、11 页；2026 年年报第 11、67 页。
Still to be spent尚未支出的承诺
Under the redeemable convertible bond programme, total proposed allocation was RM19.86 million, comprising RM13.41 million for factory expansion and working capital, RM3.71 million for Phase 1 construction of the Melaka land, and RM2.74 million for proposal expenses. As at 28 February 2026, RM8.20 million had been utilised, including RM5.843 million for factory expansion and working capital and RM2.357 million for proposal expenses. Capital expenditure commitments for property, plant and equipment contracted but not provided for were RM3,619,240 at end 2023.在可赎回可转换债券计划下，拟定总分配额为 RM19.86 million，包括用于厂房扩建及营运资金的 RM13.41 million、马六甲土地第一期建设成本的 RM3.71 million 以及提案费用的 RM2.74 million。截至 2026 年 2 月 28 日，已动用 RM8.20 million，包括用于厂房扩建及营运资金的 RM5.843 million 以及提案费用的 RM2.357 million。已签约但未拨备的物业、厂房与设备资本开支承诺在 2023 年底为 RM3,619,240。
Source: annual report 2023, page 114; annual report 2026, page 62.出处：2023 年年报第 114 页；2026 年年报第 62 页。
Four years of figures四年数字
Group figures, in RM, as printed in the statements.集团数字，单位令吉，照财务报表所印。
| Group集团 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 16,114,521 | 6,749,543 | 10,808,133 | 9,311,039 |
| Profit before taxation税前盈利 /（亏损） | 1,441,746 | (14,993,414) | (11,990,576) | (5,273,329) |
| Total assets总资产 | 71,495,273 | 67,143,346 | 77,002,399 | 78,922,892 |
| Total equity总权益 | 66,395,052 | 63,660,607 | 64,053,474 | 58,103,256 |
| Cash and bank balances现金与银行结余 | 3,514,678 | 889,383 | 587,336 | 464,571 |
| Fixed deposits with licensed banks持牌银行定期存款 | 260,000 | 260,000 | 260,000 | 260,000 |
| Assets held for sale持有待售资产 | – | 0 | 29,602,274 | 29,966,595 |
| Acquisition of property, plant and equipment添置物业、厂房与设备 | (10,946,639) | (8,598,604) | (3,987,818) | (469,479) |
| Proceeds from issuance of shares发行股份所得款项 | 15,551,571 | 5,510,088 | 4,862,005 | 0 |
| Repayment of lease liabilities偿付租赁负债 | (63,036) | (98,464) | (152,562) | (106,000) |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| The factory extension project in capital in progress was anticipated to be completed within 12 months (2023 report).在建资本中的厂房扩建工程预计将在 12 个月内完工（2023 年报）。 | The project was approximately 95% completed at the end of FPE 2025 and completed during FYE 2026 with a capitalised cost of RM6.41 million.该项目在 2025 财期末完成约 95%，并在 2026 财年内完工，资本化成本为 RM6.41 million。 Source: annual report 2023, page 87; annual report 2025, page 9; annual report 2026, page 9.出处：2023 年年报第 87 页；2025 年年报第 9 页；2026 年年报第 9 页。 | Completed later than said比预期迟完工 |
| To develop two blocks of 27-storey serviced suites and 80 shop lots on 7.155 acres of land, scheduled to commence in the first quarter of 2025 (2023 report).在 7.155 英亩土地上开发两栋 27 层服务式套房及 80 间商铺，原定于 2025 年第一季度动工（2023 年报）。 | No construction had commenced and no funding was allocated by the end of FPE 2025, and the land remained vacant in FYE 2026.截至 2025 财期末尚未动工且未分配资金，该地块在 2026 财年仍为空置土地。 Source: annual report 2023, page 8; annual report 2025, page 12; annual report 2026, page 159.出处：2023 年年报第 8 页；2025 年年报第 12 页；2026 年年报第 159 页。 | Not commenced尚未动工 |
| To diversify into theme parks, property development and healthcare services through Star Acres Sdn Bhd, MQ Builders Sdn Bhd and Yixi Wellness Sdn Bhd (2023 report).通过 Star Acres Sdn Bhd、MQ Builders Sdn Bhd 及 Yixi Wellness Sdn Bhd 多元化进入主题公园、房地产开发及医疗保健服务（2023 年报）。 | The theme park project was put on hold indefinitely in 2025, and all three subsidiaries remained dormant across the 2025 and 2026 reports.主题公园项目于 2025 年被无限期搁置，且这三家子公司在 2025 年和 2026 年报中均保持休眠状态。 Source: annual report 2023, page 6; annual report 2025, pages 11, 13; annual report 2026, page 6.出处：2023 年年报第 6 页；2025 年年报第 11、13 页；2026 年年报第 6 页。 | Put on hold or dormant搁置或休眠 |
| Proposed disposal of leasehold land and building for RM30,000,000 under a sale and purchase agreement dated 19 February 2025 (2025 report).根据 2025 年 2 月 19 日签订的买卖协议拟以 RM30,000,000 脱售租赁土地及厂房（2025 年报）。 | The cut-off date was extended from 1 May 2026 to 31 May 2026. The Certificate of Completion and Compliance was then obtained and the agreement became unconditional on 23 June 2026, but the sale had not been completed when the 2026 accounts were approved.截止日期由 2026 年 5 月 1 日延至 5 月 31 日。其后取得完工及合格证书，买卖协议于 2026 年 6 月 23 日成为无条件，但至 2026 年账目获批准时脱售尚未完成。 Source: annual report 2025, page 116; annual report 2026, pages 134, 158.出处：2025 年年报第 116 页；2026 年年报第 134、158 页。 | Unconditional; not yet completed已成为无条件；尚未完成 |
| To pursue ongoing commitment to expanding business operations overseas, with new orders secured from Ireland (2023 report).持续推进拓展海外业务的承诺，并从爱尔兰获得新订单（2023 年报）。 | Revenue from Ireland reached RM897,274 in FPE 2025 before falling to RM322,033 in FYE 2026, while Australian sales of RM6,658 were added.爱尔兰营业额在 2025 财期达 RM897,274，随后在 2026 财年降至 RM322,033，同时新增了 RM6,658 的澳大利亚销售额。 Source: annual report 2023, pages 6, 7; annual report 2025, page 123; annual report 2026, page 6.出处：2023 年年报第 6、7 页；2025 年年报第 123 页；2026 年年报第 6 页。 | Sales recorded录得销售 |
What the reports leave open年报留下待看的事
- Completion of the RM30,000,000 sale of the leasehold land and building. After the Certificate of Completion and Compliance was obtained, the agreement became unconditional on 23 June 2026; the sale had not been completed when the 2026 accounts were approved.RM30,000,000 脱售租赁土地及建筑物的完成情况。取得完工及合格证书后，买卖协议于 2026 年 6 月 23 日成为无条件；至 2026 年账目获批准时，脱售尚未完成。
Source: annual report 2025, page 116; annual report 2026, pages 134, 158.出处：2025 年年报第 116 页；2026 年年报第 134、158 页。
- Outcome of the legal proceedings with AIA Bhd claiming RM273,770.29 for alleged breach of a tenancy agreement, with case management fixed on 27 July 2026.与 AIA Bhd 诉讼案的进展，对方就涉嫌违反租赁协议索赔 RM273,770.29，案件管理定于 2026 年 7 月 27 日。
Source: annual report 2026, page 158.出处：2026 年年报第 158 页。
- Utilisation of remaining proceeds from the RM150.00 million convertible bond programme, including RM3.71 million allocated for Phase 1 construction of the Melaka land.最高 RM150.00 million 可转换债券计划剩余资金的使用情况，包括分配给马六甲土地第一期建设的 RM3.71 million。
Source: annual report 2026, page 62.出处：2026 年年报第 62 页。
- Revenue is concentrated: Thailand accounted for 66.9% of revenue (RM6,227,337) in FYE2026, and two debtors made up approximately 70% of trade receivables.营业额高度集中：2026 财年泰国占营业额 66.9%（RM6,227,337），两名债务人约占应收贸易账款 70%。
Source: annual report 2026, pages 6, 150.出处：2026 年年报第 6、150 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-28.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-10-28。