DailySpaceBursa Malaysia companies, read from their annual reports从年报读懂大马上市公司

Ygl Convergence Berhad

0086 · ACE Market创业板(ACE Market) · annual reports 2023 to 2025, 999 entries read2023 至 2025 年报,共读出 999 条

Revenue, 20252025 年营业额RM16.0m1.60千万令吉up 35.6% from比 2024 年增加 35.6%,当年为 RM11.8m1.18千万令吉 in 2024
Profit/(Loss) before tax, 20252025 年税前盈利/(亏损)RM3.18m318万令吉up 380.2% from比 2024 年增加 380.2%,当年为 RM0.66m66万令吉 in 2024
Profit/(Loss) for the financial year, 20252025 年年度盈利/(亏损)RM2.69m269万令吉up 511.7% from比 2024 年增加 511.7%,当年为 RM0.44m44万令吉 in 2024
Borrowings, 20252025 年借款RM00 令吉down 100.0% from比 2024 年减少 100.0%,当年为 RM1.04m104万令吉 in 2024

The company这家公司

Ygl Convergence Berhad is listed on the ACE Market of Bursa Malaysia Securities Berhad. The group operates in two principal reportable segments: software implementation, which provides software installation, commissioning, support and maintenance services, and solar panel installation, which provides engineering, procurement, construction and commissioning services in solar energy solutions.Ygl Convergence Berhad 在马来西亚证券交易所创业板上市。集团主要经营两个应报告部门:软件实施(提供软件安装、调试、支持与维护服务)以及太阳能电池板安装(提供太阳能解决方案的设计、采购、施工及调试服务)。

Source: annual report 2023, page 141; annual report 2024, pages 90, 116, 141.出处:2023 年年报第 141 页;2024 年年报第 90、116、141 页。

In the 15-month financial period ended 30 June 2025, solar panel installation generated revenue of RM9.34 million (RM9,335,881, representing approximately 58% of total revenue), while the software segment contributed RM6.69 million (approximately 40% of total revenue) out of total group revenue of RM16.03 million.在截至 2025 年 6 月 30 日止的 15 个月财政期间,太阳能电池板安装业务创造了 RM9.34 million 营业额(RM9,335,881,约占集团总营业额的 58%),而软件部门贡献了 RM6.69 million(约占总营业额的 40%),集团总营业额为 RM16.03 million。

Source: annual report 2025, pages 18, 101, 102.出处:2025 年年报第 18、101、102 页。

By geography, Malaysia generated RM14,599,667 and Hong Kong generated RM1,431,097 of group revenue in FY2025. Total revenue from customers individually contributing more than 10% was RM3,132,000 from 3 major customers in 2023, RM2,509,898 from 2 major customers in 2024, and nil in FY2025.按地域划分,2025 财政期间马来西亚产生营业额 RM14,599,667,香港产生 RM1,431,097。单独贡献超过 10% 的主要客户营业额在 2023 年来自 3 位主要客户合计 RM3,132,000,2024 年来自 2 位主要客户合计 RM2,509,898,2025 财政期间则无此类主要客户。

Source: annual report 2023, page 144; annual report 2024, page 145; annual report 2025, pages 160, 173.出处:2023 年年报第 144 页;2024 年年报第 145 页;2025 年年报第 160、173 页。

In the 2025 report, Yeap Kong Chean held 46,799,017 shares (17.10%) and the late Yeap Kong Tai held 39,466,664 shares (14.42%). CIMB Group Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Yeap Kong Tai held 6,680,000 shares (2.44% in 2025 and 2024, 2.61% in 2023). Other pledged accounts in the thirty largest holders in 2025 included Kenanga Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Eng Ging Kiat with 5,735,000 shares (2.10%) and AMSEC Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Yeap Kong Yeow with 4,060,000 shares (1.48%).在 2025 年报中,Yeap Kong Chean 持有 46,799,017 股(17.10%),已故 Yeap Kong Tai 持有 39,466,664 股(14.42%)。CIMB Group Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Yeap Kong Tai 持有 6,680,000 股(2025 与 2024 年占 2.44%,2023 年占 2.61%)。2025 年前三十大股东中的其他质押账户包括 Kenanga Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Eng Ging Kiat 持有 5,735,000 股(2.10%)以及 AMSEC Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Yeap Kong Yeow 持有 4,060,000 股(1.48%)。

Source: annual report 2023, page 156; annual report 2024, page 157; annual report 2025, pages 187, 188.出处:2023 年年报第 156 页;2024 年年报第 157 页;2025 年年报第 187、188 页。

Yeap Kong Chean is the spouse of Executive Director Tan Hoay Leng and brother of the late Yeap Kong Tai, a major shareholder. Chin Kong Tai, who joined the company as General Manager of the solar division on 1 April 2023, is the son of Yeap Kong Chean and Tan Hoay Leng.Yeap Kong Chean 是执行董事 Tan Hoay Leng 的配偶,也是主要股东已故 Yeap Kong Tai 的兄弟。于 2023 年 4 月 1 日加入公司担任太阳能部门总经理的 Chin Kong Tai,是 Yeap Kong Chean 与 Tan Hoay Leng 的儿子。

Source: annual report 2023, page 12; annual report 2024, pages 14, 17; annual report 2025, pages 14, 16.出处:2023 年年报第 12 页;2024 年年报第 14、17 页;2025 年年报第 14、16 页。

The position of Chairman remained vacant across all three reports as the board continued to look for a candidate to assume the role. Yeap Kong Chean serves as Chief Executive Officer. Dato' Lee Wai Mun resigned as an Independent Non-Executive Director on 1 August 2022, and Wan Chia Keong was appointed on 1 October 2022.三份年报中董事会主席一职均告空缺,董事会继续物色人选担任该职。Yeap Kong Chean 担任首席执行员。Dato' Lee Wai Mun 于 2022 年 8 月 1 日辞任独立非执行董事,Wan Chia Keong 于 2022 年 10 月 1 日获任命。

Source: annual report 2023, pages 9, 43, 47, 168; annual report 2024, page 51; annual report 2025, page 79.出处:2023 年年报第 9、43、47、168 页;2024 年年报第 51 页;2025 年年报第 79 页。

Revenue by country, FY20252025 财政期间按国家划分的营业额

Malaysia: 91.1%Hong Kong: 8.9%
Malaysia 91.1%马来西亚 91.1%Hong Kong 8.9%香港 8.9%

Source: annual report 2025, page 160.出处:2025 年年报第 160 页。

Major events大事记

2022Wan Chia Keong was appointed to the Board on 1 October 2022, following the resignation of Dato' Lee Wai Mun on 1 August 2022.Dato' Lee Wai Mun 于 2022 年 8 月 1 日辞任董事后,Wan Chia Keong 于 2022 年 10 月 1 日获任命加入董事会。

Source: annual report 2023, pages 9, 43.出处:2023 年年报第 9、43 页。

2022Ygl Intelligent Technology Sdn. Bhd. entered into an ERP software implementation contract with Tastiway Sdn. Bhd. in November 2022.Ygl Intelligent Technology Sdn. Bhd. 于 2022 年 11 月与 Tastiway Sdn. Bhd. 签订了 ERP 软件实施合同。

Source: annual report 2025, page 185.出处:2025 年年报第 185 页。

2023Chin Kong Tai joined the company as General Manager of the solar division on 1 April 2023.Chin Kong Tai 于 2023 年 4 月 1 日加入公司担任太阳能部门总经理。

Source: annual report 2024, page 17.出处:2024 年年报第 17 页。

2023On 17 November 2023, the company issued 16,200,000 new ordinary shares at RM0.1281 per share under a private placement.2023 年 11 月 17 日,公司通过私下配售以每股 RM0.1281 发行了 16,200,000 股新普通股。

Source: annual report 2024, page 66; annual report 2025, page 92.出处:2024 年年报第 66 页;2025 年年报第 92 页。

2025On 18 April 2025, Ygl incorporated a 76%-owned subsidiary, YGL Haltech Sdn. Bhd., in Malaysia with an issued paid-up capital of RM1,000.2025 年 4 月 18 日,Ygl 在马来西亚成立了持股 76% 的子公司 YGL Haltech Sdn. Bhd.,缴足资本为 RM1,000。

Source: annual report 2025, page 144.出处:2025 年年报第 144 页。

2025On 8 May 2025, Ygl lost significant influence over associate YGL iBay International Sdn. Bhd. and recognised a gain on disposal of RM1,133,753.2025 年 5 月 8 日,Ygl 失去对联营公司 YGL iBay International Sdn. Bhd. 的重大影响,并确认处置收益 RM1,133,753。

Source: annual report 2025, pages 100, 146.出处:2025 年年报第 100、146 页。

Revenue, profit and cash flows营业额、盈利与现金流

Revenue营业额
2022
RM13.9m1.39千万令吉
2023
RM11.8m1.18千万令吉
2024
RM11.8m1.18千万令吉
2025
RM16.0m1.60千万令吉
Profit/(Loss) before tax税前盈利/(亏损)
2022
–RM0.23m–23万令吉
2023
–RM1.34m–134万令吉
2024
RM0.66m66万令吉
2025
RM3.18m318万令吉
Profit/(Loss) for the financial year年度盈利/(亏损)
2022
–RM0.25m–25万令吉
2023
–RM1.36m–136万令吉
2024
RM0.44m44万令吉
2025
RM2.69m269万令吉

Borrowings and capital spending借款与资本支出

Borrowings借款
2022
RM1.26m126万令吉
2023
RM1.70m170万令吉
2024
RM1.04m104万令吉
2025
RM00 令吉
Purchase of property, plant and equipment购买物业、厂房及设备
2022
–RM0.03m–3万令吉
2023
–RM0.07m–7万令吉
2024
–RM0.03m–3万令吉
2025
–RM0.33m–33万令吉

20232023 年

In the financial year ended 31 March 2023, revenue was RM11.832 million. The group recorded a loss before tax of RM1,335,244 and net loss attributable to ordinary equity holders was RM1.325 million. Spending on R&D for proprietary products was RM1.039 million (software development costs capitalised: RM1,039,197) and purchase of property, plant and equipment was RM69,502. Net cash from financing included trust receipts drawn of RM410,247, bank overdraft was RM1,198,828, interest paid was RM75,241, and placement of pledged fixed deposit was RM19,747. Borrowings totalled RM1,699,617. No dividends were declared or paid.在截至 2023 年 3 月 31 日止财政年度,营业额为 RM11.832 million。集团录得税前亏损 RM1,335,244,归属于母公司普通股股东的净亏损为 RM1.325 million。专有产品研发支出为 RM1.039 million(资本化的软件开发成本为 RM1,039,197),购买物业、厂房及设备支出为 RM69,502。融资所得现金净额包括提取信托收据 RM410,247,银行透支为 RM1,198,828,已付利息为 RM75,241,放置抵押定期存款 RM19,747。借款合计 RM1,699,617。未宣布或派发任何股息。

Source: annual report 2023, pages 17, 18, 68, 80, 87.出处:2023 年年报第 17、18、68、80、87 页。

20242024 年

In the financial year ended 31 March 2024, revenue was RM11.822 million. Profit before tax was RM661,710 and net profit attributable to ordinary equity holders was RM0.214 million. Software development costs capitalised were RM830,076 (R&D expenditure: RM0.830 million) and purchase of property, plant and equipment was RM27,078. On 17 November 2023, the company issued 16,200,000 new ordinary shares at RM0.1281 per share under a private placement, raising RM2,075,220 of new share capital, and cancelled RM21,000,000 of paid-up capital through a capital reduction. Trust receipts of RM500,789 were repaid, bank overdraft was RM1,036,620, interest paid was RM65,545, and placement of pledged fixed deposit was RM28,192. Bank borrowings totalled RM1,036,620. No dividend was declared or paid.在截至 2024 年 3 月 31 日止财政年度,营业额为 RM11.822 million。税前盈利为 RM661,710,归属于母公司普通股股东的净利润为 RM0.214 million。资本化的软件开发成本为 RM830,076(研发支出为 RM0.830 million),购买物业、厂房及设备支出为 RM27,078。2023 年 11 月 17 日,公司通过私下配售以每股 RM0.1281 发行了 16,200,000 股新普通股,募集新股本 RM2,075,220,并通过削减股本注销了 RM21,000,000 缴足资本。偿还信托收据 RM500,789,银行透支为 RM1,036,620,已付利息为 RM65,545,放置抵押定期存款 RM28,192。银行借款合计 RM1,036,620。未宣布或派发任何股息。

Source: annual report 2024, pages 18, 19, 66, 68, 79, 82, 88, 89.出处:2024 年年报第 18、19、66、68、79、82、88、89 页。

20252025 年

In the 15-month period ended 30 June 2025, revenue was RM16.03 million (RM16,030,764). Profit before tax was RM3,177,582 and net profit attributable to ordinary equity holders was RM2.43 million. Software development expenditure was no longer capitalised and was fully expensed in the income statement. Purchase of property, plant and equipment was RM331,437. The group recognised a gain of RM1,133,753 on disposal of associate Ygl iBay upon losing significant influence on 8 May 2025, reclassifying the retained investment at fair value of RM3,420,000. Private placements of 932,349 shares at RM0.15 and 800,000 shares at RM0.16, together with share option exercises, brought proceeds from issuance of shares of RM313,107. Pledged fixed deposit placement was RM203,551, bringing pledged fixed deposits to RM1,344,373. The bank overdraft facility was fully repaid by the subsidiary, leaving bank borrowings at nil. No dividend was declared or paid.在截至 2025 年 6 月 30 日止 15 个月期间,营业额为 RM16.03 million(RM16,030,764)。税前盈利为 RM3,177,582,归属于母公司普通股股东的净利润为 RM2.43 million。软件开发支出不再资本化,全额计入损益表费用。购买物业、厂房及设备支出为 RM331,437。集团在 2025 年 5 月 8 日失去对联营公司 Ygl iBay 的重大影响后确认处置收益 RM1,133,753,并将保留的投资按公允价值 RM3,420,000 重新分类。公司以每股 RM0.15 及 RM0.16 分别私下配售 932,349 股及 800,000 股,连同雇员认股权行使,发行股份所得款项共 RM313,107。放置抵押定期存款 RM203,551,使抵押定期存款达到 RM1,344,373。子公司全额偿还了银行透支额度,期末银行借款为零。未宣布或派发任何股息。

Source: annual report 2025, pages 18, 19, 94, 95, 100, 105, 109, 114, 115, 146, 169, 179.出处:2025 年年报第 18、19、94、95、100、105、109、114、115、146、169、179 页。

Across the three years三年合看

Across the three reports, revenue rose from RM11.832 million in FY2023 to RM16.03 million in the 15-month FY2025, led by solar panel installation revenue which reached RM9.34 million in FY2025. Software development spending of RM1.039 million in 2023 and RM0.830 million in 2024 was capitalised as intangible assets before the group ceased capitalisation in FY2025. Total bank borrowings fell from RM1,699,617 at end-FY2023 to RM1,036,620 at end-FY2024 and were fully repaid to nil at 30 June 2025. No dividends were paid or proposed across the period.纵观三份年报,营业额由 2023 财政年度的 RM11.832 million 增至 15 个月 2025 财政期间的 RM16.03 million,主要由 2025 财政期间达 RM9.34 million 的太阳能电池板安装营业额带动。软件开发支出在 2023 年(RM1.039 million)和 2024 年(RM0.830 million)作为无形资产资本化,随后集团于 2025 财政期间停止资本化。银行借款总额由 2023 财政年度末的 RM1,699,617 降至 2024 财政年度末的 RM1,036,620,并于 2025 年 6 月 30 日全额还清至零。整个期间均未派发或建议派发股息。

Source: annual report 2023, pages 17, 18, 68, 80; annual report 2024, pages 19, 68, 79; annual report 2025, pages 18, 19, 94, 105, 179.出处:2023 年年报第 17、18、68、80 页;2024 年年报第 19、68、79 页;2025 年年报第 18、19、94、105、179 页。

Still to be spent尚未支出的承诺

Capital commitments for property, plant and equipment were RM27,000 at 31 March 2023 and nil at 31 March 2024. General mandates for new share allotments approved at the 2022, 2023 and 2024 annual general meetings were not utilised and raised no proceeds.物业、厂房及设备的资本承诺在 2023 年 3 月 31 日为 RM27,000,2024 年 3 月 31 日为零。2022 年、2023 年与 2024 年股东周年大会批准的新股配发一般授权均未被使用,未从中募集资金。

Source: annual report 2023, pages 7, 154; annual report 2024, pages 6, 154; annual report 2025, page 6.出处:2023 年年报第 7、154 页;2024 年年报第 6、154 页;2025 年年报第 6 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2022202320242025
RM令吉RM令吉RM令吉RM令吉
Revenue营业额13,852,54811,832,41711,822,22616,030,764
Profit/(Loss) before tax税前盈利/(亏损)(225,274)(1,335,244)661,7103,177,582
Profit/(Loss) for the financial year年度盈利/(亏损)(245,413)(1,355,493)440,3542,693,797
Purchase of property, plant and equipment购买物业、厂房及设备(30,141)(69,502)(27,078)(331,437)
Software development costs软件开发成本(1,311,619)(1,039,197)(830,076)–
Borrowings借款1,260,5061,699,6171,036,6200
Cash and bank balances现金及银行结余3,519,6023,889,6898,658,633–
Pledged fixed deposit已抵押定期存款(1,004,285)(1,024,032)(1,052,224)(1,344,373)

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
Proposed private placement of up to 51,709,008 new ordinary shares and proposed share capital reduction announced on 22 May 2023.2023 年 5 月 22 日宣布拟私下配售最多 51,709,008 股新普通股及拟削减股本。On 17 November 2023, 16,200,000 new ordinary shares were issued at RM0.1281 per share, and share capital was reduced by RM21,000,000.2023 年 11 月 17 日以每股 RM0.1281 发行了 16,200,000 股新普通股,并削减股本 RM21,000,000。

Source: annual report 2023, page 154; annual report 2024, pages 66, 82.出处:2023 年年报第 154 页;2024 年年报第 66、82 页。

Carried out已执行
Board taking action to look for a Chairman to assume the oversight role (2023).董事会正采取行动物色主席人选以履行监督职责(2023 年)。The position of Chairman remained vacant in both the 2024 and 2025 annual reports as the board continued to look for a candidate.2024 年与 2025 年年报中主席一职依然空缺,董事会继续物色人选。

Source: annual report 2023, page 168; annual report 2024, page 51; annual report 2025, page 79.出处:2023 年年报第 168 页;2024 年年报第 51 页;2025 年年报第 79 页。

Still vacant仍未任命
Proposed private placements of up to 932,349 new shares and up to 800,000 new shares announced in June and July 2024.2024 年 6 月和 7 月宣布拟分别私下配售最多 932,349 股及最多 800,000 股新股。In FY2025, the company issued 932,349 new shares at RM0.15 per share and 800,000 new shares at RM0.16 per share.2025 财政期间,公司以每股 RM0.15 发行了 932,349 股新股,并以每股 RM0.16 发行了 800,000 股新股。

Source: annual report 2024, page 155; annual report 2025, page 95.出处:2024 年年报第 155 页;2025 年年报第 95 页。

Carried out已执行
Considering employee appreciation programmes such as long service awards soon (2024).正考虑尽快推出员工表彰计划,例如长期服务奖(2024 年)。In FY2025, the company rewarded Heads of Department with gold brooches and pins valued at RM6,900 and RM11,000, while continuing to explore long service awards.2025 财政期间,公司向部门主管奖励了价值 RM6,900 与 RM11,000 的金胸针和金别针,并表示仍在探索长期服务奖。

Source: annual report 2024, page 41; annual report 2025, pages 31, 49.出处:2024 年年报第 41 页;2025 年年报第 31、49 页。

Still exploring仍在探索
Continue R&D to enhance proprietary solutions to include technologies such as machine learning (2023).继续研发以提升专有解决方案,纳入机器学习等技术(2023 年)。The group developed the Smart Halal Monitoring System deploying machine learning, and revised its R&D accounting treatment in FY2025 to expense all development expenditure in the income statement.集团开发了应用机器学习的智能清真监控系统,并在 2025 财政期间修改会计处理,将所有开发支出直接计入损益表费用。

Source: annual report 2023, page 18; annual report 2025, pages 19, 31.出处:2023 年年报第 18 页;2025 年年报第 19、31 页。

Carried out已执行

What the reports leave open年报留下待看的事

  • The outcome of the legal dispute between subsidiary Ygl Intelligent Technology Sdn. Bhd. and Tastiway Sdn. Bhd. arising from an ERP software implementation project.子公司 Ygl Intelligent Technology Sdn. Bhd. 与 Tastiway Sdn. Bhd. 因 ERP 软件实施项目引发的法律诉讼结果。

    Source: annual report 2025, page 185.出处:2025 年年报第 185 页。

  • Whether conditions precedent expiring on 31 March 2026 for debt forgiveness at YGL iBay's investee are satisfied, without which the fair value of the equity instrument would be RM380,000 instead of RM3,420,000.YGL iBay 被投资方重组中涉及债务豁免的先决条件(将于 2026 年 3 月 31 日到期)能否达成;若未达成,该权益工具的公允价值将为 RM380,000 而非 RM3,420,000。

    Source: annual report 2025, pages 100, 181.出处:2025 年年报第 100、181 页。

  • Whether the board appoints a candidate to the oversight position of Chairman, which has remained vacant throughout the three reports.董事会是否会任命人选填补在三份年报期间一直空缺的主席监督职位。

    Source: annual report 2023, page 47; annual report 2024, page 51; annual report 2025, page 79.出处:2023 年年报第 47 页;2024 年年报第 51 页;2025 年年报第 79 页。

  • Completion of the carbon emissions baselining exercise in early next year and progress toward targets to reduce Scope 2 emissions by 20% by 2030 and reach net-zero operational emissions by 2050.明年初碳排放基准测算工作的完成情况,以及到 2030 年将范围 2 排放量减少 20% 和到 2050 年实现运营净零排放目标的进展。

    Source: annual report 2025, page 66.出处:2025 年年报第 66 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。