DailySpaceDPI Holdings Berhad
0205 · ACE Market创业板（ACE Market） · annual reports 2023 to 2025, 398 entries read2023 至 2025 年报，共读出 398 条
The company这家公司
DPI Holdings produces aerosol and related products, solvents and thinners, and plastic products, and diversified into the agency and distribution of consumer goods through the acquisition of a subsidiary in 2025.DPI Holdings 生产气雾剂及相关产品、溶剂与稀释剂以及塑料制品，并在 2025 年通过收购一家子公司多元化拓展至消费品代理与分销业务。
Source: annual report 2023, page 17; annual report 2025, pages 5, 52.出处：2023 年年报第 17 页；2025 年年报第 5、52 页。
In 2025, Malaysia contributed 87.30% of revenue (RM81,430,362) and export markets contributed 12.70% (RM11,842,815). Consumable goods brought RM39,480,897, aerosol products brought RM41,203,284, solvents and thinners brought RM11,652,705, and plastic products brought RM712,168. No single customer contributed 10% or more to revenue in any of the three reports.2025 年，马来西亚市场占营业额的 87.30%（RM81,430,362），出口市场占 12.70%（RM11,842,815）。消费品带来 RM39,480,897，气雾剂产品带来 RM41,203,284，溶剂与稀释剂带来 RM11,652,705，塑料制品带来 RM712,168。三份年报中均没有任何单一客户贡献 10% 或以上的营业额。
Source: annual report 2023, page 101; annual report 2024, page 101; annual report 2025, pages 18, 111, 115.出处：2023 年年报第 101 页；2024 年年报第 101 页；2025 年年报第 18、111、115 页。
Two major shareholders hold 74.00% of the shares across all three reports: Executive Chairman and Managing Director Choy Mui Seng @ Chai Mui Seng (Peter Chai) holds 415,997,508 shares (56.98%), and Deputy Managing Director Chai Chun Vui (Adam Chai) holds 124,258,992 shares (17.02%). In 2024, Maybank Nominees (Tempatan) Sdn Bhd held 5,447,750 shares (0.75%) in a pledged securities account for Teo Peak Ying. Peter Chai is the father of Adam Chai, and Janelle is the spouse of Adam Chai and daughter-in-law of Peter Chai.在全部三份年报中，两大股东合计持有 74.00% 的股份：执行主席兼董事经理 Choy Mui Seng @ Chai Mui Seng（Peter Chai）持有 415,997,508 股（56.98%），副董事经理 Chai Chun Vui（Adam Chai）持有 124,258,992 股（17.02%）。2024 年，Maybank Nominees (Tempatan) Sdn Bhd 在 Teo Peak Ying 的质押证券账户下持有 5,447,750 股（0.75%）。Peter Chai 是 Adam Chai 的父亲，Janelle 是 Adam Chai 的配偶及 Peter Chai 的儿媳。
Source: annual report 2023, page 115; annual report 2024, pages 116, 117; annual report 2025, pages 6, 11, 33, 43, 135.出处：2023 年年报第 115 页；2024 年年报第 116、117 页；2025 年年报第 6、11、33、43、135 页。
A new Chief Financial Officer assumed the role on 1 November 2022. Key senior management saw resignations on 30 September 2022, 30 November 2023, and 30 January 2024, alongside a retirement on 30 June 2023, and director Chai Voon Tok resigned on 30 May 2025.新任首席财务官于 2022 年 11 月 1 日就任。主要高级管理层分别于 2022 年 9 月 30 日、2023 年 11 月 30 日及 2024 年 1 月 30 日发生辞职，并于 2023 年 6 月 30 日发生退休；董事 Chai Voon Tok 于 2025 年 5 月 30 日辞职。
Source: annual report 2023, pages 11, 32; annual report 2024, page 42; annual report 2025, page 54.出处：2023 年年报第 11、32 页；2024 年年报第 42 页；2025 年年报第 54 页。
Revenue by segment, 20252025 年各部门营业额
Source: annual report 2025, page 111.出处：2025 年年报第 111 页。
Major events大事记
Source: annual report 2023, page 77.出处：2023 年年报第 77 页。
Source: annual report 2023, page 5.出处：2023 年年报第 5 页。
Source: annual report 2025, pages 5, 43, 44.出处：2025 年年报第 5、43、44 页。
Source: annual report 2025, page 58.出处：2025 年年报第 58 页。
Source: annual report 2025, page 57.出处：2025 年年报第 57 页。
Source: annual report 2025, pages 54, 58.出处：2025 年年报第 54、58 页。
Source: annual report 2025, page 44.出处：2025 年年报第 44 页。
Revenue and profit营业额与盈利
Assets, liabilities and equity资产、负债与权益
20232023 年
Capital expenditure for property, plant and equipment was RM3,282,629, while proceeds from disposal of property, plant and equipment were RM108,827. Interest income received was RM994,370. The group paid dividends of RM730,096 and lease principal repayments of RM112,686. A bonus issue of 243,365,498 new ordinary shares was completed on the basis of 1 bonus share for every 2 existing shares. The group held zero borrowings excluding lease liabilities.物业、厂房及设备资本开支为 RM3,282,629，处置物业、厂房及设备所得款项为 RM108,827。收到利息收入 RM994,370。集团支付了 RM730,096 的股息以及 RM112,686 的租赁本金偿还。按每 2 股现有股份送 1 股红股的比例完成了 243,365,498 股新普通股的红股发行。除租赁负债外，集团没有借款。
Source: annual report 2023, pages 5, 18, 61.出处：2023 年年报第 5、18、61 页。
20242024 年
Capital expenditure for property, plant and equipment was RM2,816,703, mainly for machineries including automated aerosol filling lines. Interest income received was RM1,266,246. Financing outflows included RM1,095,147 in dividends paid and RM119,108 in lease principal repayments. The group maintained zero borrowings, with a net cash balance of RM47.24 million.物业、厂房及设备资本开支为 RM2,816,703，主要用于包括全自动气雾剂灌装线在内的机器设备。收到利息收入 RM1,266,246。融资流出包括已付股息 RM1,095,147 和租赁本金偿还 RM119,108。集团保持零借款，净现金结余为 RM47.24 million。
Source: annual report 2024, pages 15, 19, 70.出处：2024 年年报第 15、19、70 页。
20252025 年
Operating activities resulted in a net cash outflow of RM5.01 million. Investing spending included RM4,977,747 for the acquisition of subsidiaries net of cash acquired, RM7,892,416 for purchase of property, plant and equipment, and RM10,633,015 for purchase of right-of-use assets, offset by RM936,640 of interest income received. Financing cash flows included net proceeds from bankers' acceptances of RM2,115,311, repayments of term loans of RM301,767, hire purchase repayments of RM224,580, lease repayments of RM152,127, and dividends paid of RM730,096. Total bank borrowings ended the year at RM15,066,705.营运活动录得现金净流出 RM5.01 million。投资支出包括扣除取得现金后的收购子公司净额 RM4,977,747、购买物业、厂房及设备 RM7,892,416 以及购买使用权资产 RM10,633,015，收到利息收入 RM936,640。融资现金流包括银行承兑汇票净收益 RM2,115,311、偿还定期贷款 RM301,767、偿还租购应付款 RM224,580、偿还租赁负债 RM152,127 以及支付股息 RM730,096。银行借款在年末达 RM15,066,705。
Source: annual report 2025, pages 19, 66, 73.出处：2025 年年报第 19、66、73 页。
Across the three years三年合看
The group had zero borrowings in 2023 and 2024, with its funds in short-term investments, fixed deposits and cash. The 2025 report says cash was used for the acquisition of EF Group and the property in Shah Alam. Money market funds were RM6,097,675 at end 2025 against RM31,634,151 at end 2024, and bank borrowings were RM15,066,705. Dividends paid were RM730,096 in 2023, RM1,095,147 in 2024 and RM730,096 in 2025.集团在 2023 年和 2024 年没有借款，资金放在短期投资、定期存款和现金中。2025 年报称现金用于收购 EF Group 和莎阿南的产业。货币市场基金在 2025 年底为 RM6,097,675，2024 年底为 RM31,634,151；银行借款为 RM15,066,705。已付股息在 2023 年为 RM730,096，2024 年为 RM1,095,147，2025 年为 RM730,096。
Source: annual report 2023, pages 18, 61; annual report 2024, pages 15, 70; annual report 2025, pages 18, 66, 73, 93.出处：2023 年年报第 18、61 页；2024 年年报第 15、70 页；2025 年年报第 18、66、73、93 页。
Still to be spent尚未支出的承诺
Capital commitments contracted for property, plant and equipment stood at RM17,900,000 at end 2025, compared with RM734,537 at end 2024 and RM1,065,401 at end 2023. Uncontracted commitments were RM10,275,845 in 2023, RM11,161,762 in 2024, and nil in 2025. IPO proceeds of RM31.64 million were fully utilised during 2025, while the RM18 million purchase of an industrial property from PCA Venture Sdn Bhd remained pending completion.截至 2025 年底，已签约的物业、厂房及设备资本承诺为 RM17,900,000，2024 年底为 RM734,537，2023 年底为 RM1,065,401。未签约的资本承诺在 2023 年为 RM10,275,845，2024 年为 RM11,161,762，2025 年为无。RM31.64 million 的首次公开募股款项已在 2025 年内全部使用完毕，而向 PCA Venture Sdn Bhd 购买价值 RM18 million 工业产业的交易仍有待完成。
Source: annual report 2023, page 101; annual report 2024, page 101; annual report 2025, pages 43, 44, 116.出处：2023 年年报第 101 页；2024 年年报第 101 页；2025 年年报第 43、44、116 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 | 2024 | 2025 |
|---|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 50,680,592 | 51,650,891 | 55,787,855 | 93,273,177 |
| Profit before taxation税前盈利 | 7,113,613 | 4,139,897 | 7,380,117 | 4,074,219 |
| Profit after taxation税后盈利 | 5,150,049 | 2,875,829 | 4,703,686 | 2,899,363 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (6,555,482) | (3,282,629) | (2,816,703) | (7,892,416) |
| Dividend paid已付股息 | (3,285,441) | (730,096) | (1,095,147) | (730,096) |
| Short-term investments短期投资 | 26,904,708 | 29,500,168 | 31,634,151 | 6,097,675 |
| Fixed deposits with licensed banks定期存款 | 9,175,774 | 5,555,808 | 4,977,977 | 8,621,487 |
| Cash and bank balances现金与银行结余 | 10,866,122 | 10,873,747 | 10,625,581 | 10,796,864 |
| Total assets总资产 | 92,121,342 | 92,886,733 | 97,559,759 | 129,819,373 |
| Total liabilities总负债 | 9,293,841 | 7,853,189 | 8,907,395 | 34,598,980 |
| Total equity总权益 | 82,827,501 | 85,033,544 | 88,652,364 | 95,220,393 |
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 |
|---|---|---|
| Management planned to establish a new factory in Muar, Johor and reduce labour dependency through automation, with RM11.34 million of capital commitments.管理层计划在柔佛麻坡建立新工厂，并通过自动化减少对劳动力的依赖，涉及 RM11.34 million 的资本承诺。 | The 2024 report says three new automated production lines were integrated, running at up to twice the speed of the old lines, and the R&D and QC labs were upgraded. The reports do not say whether the Muar factory was completed.2024 年报称已整合三条新的全自动生产线，速度可达旧产线的两倍，并升级了研发与质检实验室。年报没有说明麻坡新工厂是否已建成。 Source: annual report 2023, pages 18, 23; annual report 2024, pages 14, 19.出处：2023 年年报第 18、23 页；2024 年年报第 14、19 页。 | Lines installed; factory not reported生产线已安装；新厂未有交代 |
| Allocated IPO proceeds within 60 months for capital expenditure and expansion, marketing, and product development.计划在 60 个月内将首次公开募股款项用于资本开支与扩张、营销及产品开发。 | In 2024, unutilised proceeds of RM6.90 million from CEE, RM1.91 million from SMAE, and RM0.76 million from PD were reallocated to acquire a new factory; by 2025, gross IPO proceeds of RM31.64 million were fully utilised.2024 年，资本开支未使用的 RM6.90 million、营销未使用的 RM1.91 million 及产品开发未使用的 RM0.76 million 被重新分配用于收购新工厂；到 2025 年，RM31.64 million 的总募集资金已全部使用完毕。 Source: annual report 2023, page 35; annual report 2024, page 44; annual report 2025, page 43.出处：2023 年年报第 35 页；2024 年年报第 44 页；2025 年年报第 43 页。 | Reallocated and utilised重新分配并已全额使用 |
| Committed to establishing a physical presence in East Malaysia to explore new market opportunities.致力于在东马建立实体业务以探索新的市场机会。 | Acquired a 65% equity interest in Eastern Forever Group with approximately 2,300 touchpoints across Sarawak, and incorporated Eastern Forever (Sabah) Sdn Bhd.收购了在砂拉越拥有约 2,300 个触点的 Eastern Forever Group 65% 股权，并成立了 Eastern Forever (Sabah) Sdn Bhd。 Source: annual report 2023, page 15; annual report 2025, pages 5, 15, 17, 58.出处：2023 年年报第 15 页；2025 年年报第 5、15、17、58 页。 | Acquired已完成收购 |
| Declared a first interim dividend of 0.15 sen per share (RM1,095,145) for 2023 payable on 22 September 2023, and a first interim dividend of 0.10 sen per share (RM730,096) for 2024 payable on 28 August 2024.宣布就 2023 财年派发每股 0.15 仙的中期股息（RM1,095,145），于 2023 年 9 月 22 日支付；后就 2024 财年派发每股 0.10 仙的中期股息（RM730,096），于 2024 年 8 月 28 日支付。 | Paid RM1,095,147 on 22 September 2023, and RM730,096 on 28 August 2024.于 2023 年 9 月 22 日支付了 RM1,095,147，于 2024 年 8 月 28 日支付了 RM730,096。 Source: annual report 2023, page 43; annual report 2024, page 52; annual report 2025, page 52.出处：2023 年年报第 43 页；2024 年年报第 52 页；2025 年年报第 52 页。 | Paid已派发 |
| Committed to expanding the aerosol product portfolio and exploring opportunities in new markets.致力于扩充气雾剂产品组合并开拓新市场机会。 | Revenue from aerosol products was RM42.89 million in 2024, before declining to RM41.20 million in 2025 amid slower customer orders and foreign currency movements.气雾剂产品营业额在 2024 年达到 RM42.89 million，随后在 2025 年受客户订单放缓和汇率变动影响降至 RM41.20 million。 Source: annual report 2023, pages 3, 17; annual report 2025, page 18.出处：2023 年年报第 3、17 页；2025 年年报第 18 页。 | Aerosol revenue lower in 20252025 年气雾剂营业额下降 |
What the reports leave open年报留下待看的事
- The group breached a bank borrowing covenant requiring bank consent before declaring dividends; ongoing negotiations mean lenders retain the right to demand immediate repayment of RM8,841,000 in bankers' acceptances and a term loan of RM223,496.集团违反了一项银行借款契约（宣布股息需获得银行同意）；由于谈判仍在进行中，贷款方保留要求立即偿还 RM8,841,000 银行承兑汇票及 RM223,496 定期贷款的权利。
Source: annual report 2025, page 95.出处：2025 年年报第 95 页。
- The acquisition of an industrial property for RM18 million from PCA Venture Sdn Bhd, a company 99.50%-owned by Peter Chai, remains pending payment, with an extension of time granted on 12 September 2025.以 RM18 million 向 Peter Chai 持股 99.50% 的 PCA Venture Sdn Bhd 收购工业产业的交易仍有待付款完成，已于 2025 年 9 月 12 日获准延长付款期限。
Source: annual report 2025, page 44.出处：2025 年年报第 44 页。
- Whether Eastern Forever Group contributes 25% or more to net profits moving forward as anticipated, after contributing RM39,480,897 in revenue and RM533,625 in profit after taxation in 2025.Eastern Forever Group 在 2025 年贡献了 RM39,480,897 的营业额及 RM533,625 的税后盈利后，未来是否能如预期般为集团贡献 25% 或以上的净利润。
Source: annual report 2025, pages 57, 105.出处：2025 年年报第 57、105 页。
- Trade receivables were approximately RM27.9 million at end 2025, of which RM10.4 million were past due or beyond the credit terms the group granted.截至 2025 年底，贸易应收款项约为 RM27.9 million，其中 RM10.4 million 已逾期或超出集团给予的信用期。
Source: annual report 2025, page 61.出处：2025 年年报第 61 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-24.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 2026-10-24。