DailySpaceNotion VTec Berhad
0083 · Main Market主板（Main Market） · annual reports 2023 to 2025, 1272 entries read2023 至 2025 年报，共读出 1272 条
The company这家公司
Notion VTec makes precision-engineered components for hard disk drives, automotive products and electronics manufacturing services. It has manufacturing operations in Malaysia and Thailand. The 2024 report also describes a small manufacturing presence in Shenzhen, China. Novid PPE Sdn. Bhd., its personal protective equipment subsidiary, ceased operations during 2025.Notion VTec 为硬盘、汽车产品及电子制造服务业务制造精密工程零部件。集团在马来西亚和泰国设有制造业务。2024 年报也提到在中国深圳设有小规模制造业务。其个人防护用品子公司 Novid PPE Sdn. Bhd. 于 2025 年停止营运。
Source: annual report 2023, pages 2, 12; annual report 2024, page 12; annual report 2025, page 84.出处：2023 年年报第 2、12 页；2024 年年报第 12 页；2025 年年报第 84 页。
In 2025, electronics manufacturing services contributed RM187.5 million, or 39% of revenue. HDD/SSD contributed RM156.0 million, or 32%; automotive RM103.5 million, or 21%; and camera/industrial products RM40.5 million, or 8%.2025 年，电子制造服务贡献营业额 RM187.5 million，占 39%。HDD/SSD 贡献 RM156.0 million，占 32%；汽车业务贡献 RM103.5 million，占 21%；相机及工业产品贡献 RM40.5 million，占 8%。
Source: annual report 2025, page 11.出处：2025 年年报第 11 页。
The precision engineering business supplied two separately disclosed major customers with RM105.0 million and RM59.5 million of sales in 2025. The report says the group continues to diversify away from dependence on single customers and industries.2025 年，精密工程业务向两名分别披露的主要客户销售 RM105.0 million 和 RM59.5 million。年报表示，集团继续减少对单一客户和行业的依赖。
Source: annual report 2025, pages 12, 135.出处：2025 年年报第 12、135 页。
The directors' shareholding tables show Choo Wing Hong holding 35,892,939 shares directly at the end of 2024. At the end of 2025, Choo Wing Onn held 30,737,766 shares directly, Choo Wing Yew 8,299,887 and Lee Tian Yoke 15,279,346.董事持股表显示，Choo Wing Hong 于 2024 年底直接持有 35,892,939 股。2025 年底，Choo Wing Onn 直接持有 30,737,766 股，Choo Wing Yew 持有 8,299,887 股，Lee Tian Yoke 持有 15,279,346 股。
Source: annual report 2024, page 67; annual report 2025, page 82.出处：2024 年年报第 67 页；2025 年年报第 82 页。
The 2025 largest-shareholder list includes two RHB CAPITAL NOMINEES (TEMPATAN) SDN BHD pledged securities accounts for CHOO WING HONG, each holding 5,000,000 shares, or 0.950%. Another account under the same nominee for CHOO WING ONN holds 12,192,000 shares, or 2.317%. CGS INTERNATIONAL NOMINEES MALAYSIA (TEMPATAN) SDN BHD's pledged securities account for YEOH LEE PENG (T MUTIARA-CL) holds 2,500,000 shares, or 0.475%.2025 年最大股东名单包括两个由 RHB CAPITAL NOMINEES (TEMPATAN) SDN BHD 为 CHOO WING HONG 持有的抵押证券账户，各持 5,000,000 股，占 0.950%。同一代理人名下为 CHOO WING ONN 持有的另一账户持有 12,192,000 股，占 2.317%。CGS INTERNATIONAL NOMINEES MALAYSIA (TEMPATAN) SDN BHD 为 YEOH LEE PENG (T MUTIARA-CL) 持有的抵押证券账户持有 2,500,000 股，占 0.475%。
Source: annual report 2025, page 144.出处：2025 年年报第 144 页。
Mr William Choo Wing Hong, Mr John Choo Wing Onn and Mr Choo Wing Yew are siblings and brothers-in-law of Mr Thoo Chow Fah. Ms Anita Chew Cheng Im resigned as an Independent Non-Executive Director on 20 January 2023; Mr Alvin Vong Chen Weng was appointed to that role on 17 April 2023. Mr Florian Gineste was appointed Chief Operating Officer on 23 June 2023.Mr William Choo Wing Hong、Mr John Choo Wing Onn 和 Mr Choo Wing Yew 是兄弟，也是 Mr Thoo Chow Fah 的姻亲兄弟。Ms Anita Chew Cheng Im 于 2023 年 1 月 20 日辞任独立非执行董事；Mr Alvin Vong Chen Weng 于 2023 年 4 月 17 日获委任担任该职。Mr Florian Gineste 于 2023 年 6 月 23 日获委任为首席营运官。
Source: annual report 2023, pages 10, 52; annual report 2025, page 8.出处：2023 年年报第 10、52 页；2025 年年报第 8 页。
Revenue by business, 20252025 年各业务营业额
Source: annual report 2025, page 11.出处：2025 年年报第 11 页。
Major events大事记
Source: annual report 2023, page 52.出处：2023 年年报第 52 页。
Source: annual report 2023, page 10.出处：2023 年年报第 10 页。
Source: annual report 2024, page 98.出处：2024 年年报第 98 页。
Source: annual report 2024, page 123.出处：2024 年年报第 123 页。
Source: annual report 2025, page 80.出处：2025 年年报第 80 页。
Source: annual report 2025, page 86.出处：2025 年年报第 86 页。
Source: annual report 2025, page 79.出处：2025 年年报第 79 页。
Source: annual report 2025, page 148.出处：2025 年年报第 148 页。
Source: annual report 2025, page 86.出处：2025 年年报第 86 页。
Revenue and profit营业额与盈利
Equipment and property purchases设备与产业购置
Cash, loans and leases现金、贷款与租赁
20232023 年
Revenue was RM345.3 million and the loss after tax was RM45.0 million. The personal protective equipment (PPE) segment recorded RM30.7 million of plant and equipment impairment. Cash spent on property, plant and equipment was RM13.3 million, while equipment disposals brought in RM4.4 million. The group repaid RM15.0 million of hire purchase obligations, RM6.8 million of term loans and RM1.6 million of lease liabilities. Share issues brought in RM83,000. No dividend was recommended, declared or paid.营业额为 RM345.3 million，税后亏损为 RM45.0 million。个人防护用品部门录得 RM30.7 million 的厂房与设备减值。购置产业、厂房与设备的现金支出为 RM13.3 million，出售设备所得现金为 RM4.4 million。集团偿还租购款 RM15.0 million、定期贷款 RM6.8 million 及租赁负债 RM1.6 million。发行股份所得现金为 RM83,000。公司没有建议、宣布或派付股息。
Source: annual report 2023, pages 66, 80, 95.出处：2023 年年报第 66、80、95 页。
20242024 年
Revenue was RM488.0 million and profit after tax was RM42.9 million. Cash spent on property, plant and equipment was RM17.8 million. The subsidiary acquisition brought a net cash inflow of RM2.1 million, and share issues brought in RM5.1 million. The group repaid RM8.1 million of hire purchase obligations, RM4.3 million of term loans and RM1.2 million of lease liabilities. Hire purchase drawdowns were RM713,000. Dividends paid during the financial year were RM5.2 million.营业额为 RM488.0 million，税后盈利为 RM42.9 million。购置产业、厂房与设备的现金支出为 RM17.8 million。收购子公司带来 RM2.1 million 的现金净流入，发行股份所得现金为 RM5.1 million。集团偿还租购款 RM8.1 million、定期贷款 RM4.3 million 及租赁负债 RM1.2 million。提取租购融资 RM713,000。财政年度内派付股息 RM5.2 million。
Source: annual report 2024, pages 80, 98.出处：2024 年年报第 80、98 页。
20252025 年
Revenue was RM487.6 million and profit after tax was RM17.4 million. Cash spent on property, plant and equipment was RM50.7 million. A freehold land acquisition for RM29.6 million was completed on 15 May. The group drew RM26.7 million of term loans and repaid RM2.6 million of term loans, RM9.0 million of hire purchase obligations and RM1.6 million of lease liabilities. Other investment purchases used RM3.0 million. Share issues brought in RM174,000. The group paid RM5.3 million of dividends relating to the previous financial year.营业额为 RM487.6 million，税后盈利为 RM17.4 million。购置产业、厂房与设备的现金支出为 RM50.7 million。一项代价 RM29.6 million 的永久地契土地收购于 5 月 15 日完成。集团提取定期贷款 RM26.7 million，并偿还定期贷款 RM2.6 million、租购款 RM9.0 million 及租赁负债 RM1.6 million。购买其他投资支出 RM3.0 million。发行股份所得现金为 RM174,000。集团派付属于上一财政年度的股息 RM5.3 million。
Source: annual report 2025, pages 79, 86, 96.出处：2025 年年报第 79、86、96 页。
Across the years历年合看
The cost of property, plant and equipment purchased rose from RM15.6 million in 2023 to RM25.5 million in 2024 and RM63.0 million in 2025. Cash and cash equivalents rose from RM49.7 million to RM62.5 million, then fell to RM59.8 million. Loans and borrowings fell from RM33.3 million to RM28.4 million, then rose to RM59.9 million. Lease liabilities were separate balances of RM3.0 million, RM966,000 and RM8.6 million. The board proposed no dividend for 2025, citing capital expenditure requirements and the conservation of cash.购置产业、厂房与设备的成本由 2023 年的 RM15.6 million，增至 2024 年的 RM25.5 million，再增至 2025 年的 RM63.0 million。现金与现金等价物由 RM49.7 million 增至 RM62.5 million，随后降至 RM59.8 million。贷款与借款由 RM33.3 million 降至 RM28.4 million，随后增至 RM59.9 million。另列的租赁负债分别为 RM3.0 million、RM966,000 和 RM8.6 million。董事会以资本支出需求和保留现金为由，没有建议派发 2025 年股息。
Source: annual report 2025, page 12.出处：2025 年年报第 12 页。
Still to be spent尚未支出的承诺
Capital commitments contracted but not provided for were RM1.8 million in 2023, RM7.0 million in 2024 and RM7.0 million in 2025. The 2025 report says the company raised no proceeds through a corporate proposal during the year.已签约但尚未拨备的资本承诺在 2023 年为 RM1.8 million，2024 年为 RM7.0 million，2025 年为 RM7.0 million。2025 年报表示，公司年内没有通过企业方案筹集资金。
Source: annual report 2023, page 116; annual report 2024, page 119; annual report 2025, pages 135, 147.出处：2023 年年报第 116 页；2024 年年报第 119 页；2025 年年报第 135、147 页。
Four years of figures四年数字
Group figures, in RM thousand (×1,000), as printed in the statements.集团数字，单位千令吉（×1,000），照财务报表所印。
| Group集团 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 334,146 | 345,258 | 487,963 | 487,601 |
| Profit before tax税前盈利 | 18,976 | (42,144) | 57,007 | 25,603 |
| Profit after tax税后盈利 | 9,379 | (45,016) | 42,941 | 17,370 |
| Cost of property, plant and equipment purchased购置产业、厂房与设备的成本 | 7,129 | 15,588 | 25,469 | 63,009 |
| Purchase of property, plant and equipment购置产业、厂房与设备的现金支出 | (7,129) | (13,304) | (17,815) | (50,670) |
| Dividends paid已付股息 | – | 0 | (5,210) | (5,252) |
| Total assets总资产 | 551,324 | 511,795 | 579,066 | 609,262 |
| Loans and borrowings贷款与借款 | 51,749 | 33,306 | 28,406 | 59,917 |
| Lease liabilities租赁负债 | 2,818 | 3,025 | 966 | 8,635 |
| Cash and cash equivalents现金与现金等价物 | 18,123 | 49,699 | 62,473 | 59,779 |
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 2023 report expected growth in EMS in FY2024, citing new projects secured during FY2023.2023 年报预期 EMS 业务于 2024 财政年度增长，并提及 2023 财政年度取得的新项目。 | The 2024 report recorded EMS revenue of RM189.9 million, compared with its comparative figure of RM106.0 million.2024 年报录得 EMS 营业额 RM189.9 million，其所列比较数字为 RM106.0 million。 Source: annual report 2023, page 13; annual report 2024, page 12.出处：2023 年年报第 13 页；2024 年年报第 12 页。 | Revenue increased营业额增加 |
| The 2023 report anticipated higher capital expenditure in FY2024 to meet customer demand and new orders.2023 年报预期 2024 财政年度资本支出增加，以应付客户需求和新订单。 | Reported capital expenditure increased from RM15.6 million in 2023 to RM25.5 million in 2024.年报所列资本支出由 2023 年的 RM15.6 million 增至 2024 年的 RM25.5 million。 Source: annual report 2023, pages 12, 13; annual report 2024, page 12.出处：2023 年年报第 12、13 页；2024 年年报第 12 页。 | Spending increased支出增加 |
| The 2024 report expected double-digit growth in FYE2025.2024 年报预期 2025 财政年度取得双位数增长。 | Revenue was RM487.6 million in 2025, compared with RM488.0 million in 2024.2025 年营业额为 RM487.6 million，2024 年为 RM488.0 million。 Source: annual report 2024, page 12; annual report 2025, page 11.出处：2024 年年报第 12 页；2025 年年报第 11 页。 | Revenue fell slightly营业额略降 |
| On 27 November 2024, the company declared a second interim dividend of 1 sen per share, payable on 15 January 2025.公司于 2024 年 11 月 27 日宣布派发每股 1 仙的第二次中期股息，定于 2025 年 1 月 15 日支付。 | The 2025 report records payment on 15 January 2025 of about RM5.3 million for that dividend.2025 年报记录，该笔约 RM5.3 million 的股息已于 2025 年 1 月 15 日支付。 Source: annual report 2024, page 64; annual report 2025, page 79.出处：2024 年年报第 64 页；2025 年年报第 79 页。 | Paid on the stated date已于所列日期支付 |
| For 2025, the group aimed to raise community investment to RM15,000 and the number of beneficiaries to 50.集团计划在 2025 年把社区投入提高至 RM15,000，并把受益人数提高至 50 人。 | The 2025 report records RM1,840 invested and 33 beneficiaries.2025 年报记录的投入为 RM1,840，受益人数为 33 人。 Source: annual report 2024, page 38; annual report 2025, page 44.出处：2024 年年报第 38 页；2025 年年报第 44 页。 | Both below target两项均低于目标 |
| The 2024 report aimed to reduce the lost time injury rate by 10% from FYE2024 levels in 2025.2024 年报计划在 2025 年把损失工时工伤率较 2024 财政年度水平降低 10%。 | The 2025 report records a lost time injury rate of 0, compared with 0.5 in FY2024.2025 年报记录的损失工时工伤率为 0，2024 财政年度为 0.5。 Source: annual report 2024, page 32; annual report 2025, page 40.出处：2024 年年报第 32 页；2025 年年报第 40 页。 | Reduction exceeded the target降幅超过目标 |
What the reports leave open年报留下待看的事
- The 2025 report expected orders from two new internal combustion engine customers to begin in FYE2025. Machinery had been ordered and pre-mass-production trials were under way; whether production started is for the next report to show.2025 年报预期两名新客户的内燃机业务订单于 2025 财政年度开始。机器已订购，量产前试验仍在进行；生产是否已经开始，要看下一份年报。
Source: annual report 2025, page 12.出处：2025 年年报第 12 页。
- At the end of 2025, four major customers each accounted for at least 10% of trade receivables. Their combined outstanding balances were RM82.0 million. Trade receivable impairment charges were RM3.7 million in 2025 and RM1.8 million in 2024.2025 年底，四名主要客户各占贸易应收款至少 10%，合计未收余额为 RM82.0 million。贸易应收款减值支出在 2025 年为 RM3.7 million，2024 年为 RM1.8 million。
Source: annual report 2025, pages 117, 127.出处：2025 年年报第 117、127 页。
- The 2025 emissions table lists NMVOC readings of 258.4, 215.5 and 598.6 against a limit of 150, marking each as non-compliant.2025 年排放表列出的 NMVOC 读数为 258.4、215.5 和 598.6，限值为 150，三项均标为不合规。
Source: annual report 2025, page 49.出处：2025 年年报第 49 页。
- The group had not yet conducted quantitative climate scenario analysis in the 2025 report. It planned quantitative risk scoring, scenario analysis and stress testing from FY2026 onward.根据 2025 年报，集团尚未进行量化气候情景分析。集团计划从 2026 财政年度起开展量化风险评分、情景分析和压力测试。
Source: annual report 2025, page 30.出处：2025 年年报第 30 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。