DailySpaceSNS Network Technology Berhad
0259 · Main Market主板（Main Market） · annual reports 2024 to 2026, 1592 entries read2024 至 2026 年报，共读出 1592 条
The company这家公司
SNS distributes and sells information and communications technology products through physical stores, online stores and a commercial channel. It sells third-party brands and its JOI® range, including laptops, tablets, desktops and interactive smartboards. Its device-as-a-service business gives customers access to IT equipment for agreed periodic lease payments.SNS 通过实体店、网店及商业渠道分销和销售信息与通信科技产品。产品包括第三方品牌及自有 JOI® 系列，如笔记本电脑、平板电脑、台式电脑和互动智能白板。其设备即服务业务让客户按约定定期支付租金，使用资讯科技设备。
Source: annual report 2024, page 21; annual report 2025, page 148.出处：2024 年年报第 21 页；2025 年年报第 148 页。
The 2026 report records the launch of SNS AI Factory, a managed AI cloud infrastructure platform for enterprises, government agencies and research institutions. It uses 64 NVIDIA Hopper GPUs across eight Dell PowerEdge XE9680 servers at Telekom Malaysia’s KVDC facility in Cyberjaya. Customers access computing resources through GPU-as-a-Service.2026 年报记载了 SNS AI Factory 的推出，这是面向企业、政府机构及研究机构的托管人工智能云基础设施平台。平台位于 Cyberjaya 的 Telekom Malaysia KVDC 设施，使用八台 Dell PowerEdge XE9680 服务器，配备 64 个 NVIDIA Hopper GPU。客户通过 GPU 即服务使用运算资源。
Source: annual report 2026, pages 19, 24.出处：2026 年年报第 19、24 页。
In 2026, the sale of ICT products segment recorded revenue of RM3,331.3 million, and device repair and broadband services recorded RM8.7 million. Revenue attributed to Malaysia was RM3,272.9 million. Two ICT product customers accounted for 16.7% and 10.3% of group revenue.2026 年，资讯科技产品销售部门的营业额为 RM3,331.3 million，设备维修及宽频服务为 RM8.7 million。归属于马来西亚的营业额为 RM3,272.9 million。两名资讯科技产品客户分别占集团营业额的 16.7% 和 10.3%。
Source: annual report 2026, pages 170, 171.出处：2026 年年报第 170、171 页。
The 2026 largest-holder list shows CLOVER WEALTH SDN BHD and SEVEN ONE CAPITAL SDN BHD with 419,539,439 shares each, or 24.620% each. SIOW WEI MING has 110,981,728 shares, or 6.513%. Ko Yun Hung’s deemed interests include Clover Wealth and his spouse Eng Su Fern; Pah Wai Onn’s include Seven One Capital and his spouse Tham Sau Har. Ko Yun Hung is Managing Director and Pah Wai Onn is Executive Director.2026 年最大股东名单显示，CLOVER WEALTH SDN BHD 和 SEVEN ONE CAPITAL SDN BHD 各持有 419,539,439 股，各占 24.620%。SIOW WEI MING 持有 110,981,728 股，占 6.513%。Ko Yun Hung 的视同权益包括通过 Clover Wealth 及其配偶 Eng Su Fern 持有的股份；Pah Wai Onn 的视同权益包括通过 Seven One Capital 及其配偶 Tham Sau Har 持有的股份。Ko Yun Hung 为董事经理，Pah Wai Onn 为执行董事。
Source: annual report 2026, pages 34, 35, 116, 193, 194.出处：2026 年年报第 34、35、116、193、194 页。
Under RHB NOMINEES (TEMPATAN) SDN BHD, the 2026 list shows pledged securities accounts for THAM SAU HAR and ENG SU FERN with 6,000,000 shares each, or 0.352% each. Accounts for PAH WAI ONN hold 7,250,000 shares (0.425%) and 5,500,000 shares (0.323%). Accounts for KO YUN HUNG hold 7,100,000 shares (0.417%) and 5,500,000 shares (0.323%).2026 年名单在 RHB NOMINEES (TEMPATAN) SDN BHD 名下列有 THAM SAU HAR 和 ENG SU FERN 的抵押证券账户，各持有 6,000,000 股，各占 0.352%。PAH WAI ONN 的账户分别持有 7,250,000 股（0.425%）和 5,500,000 股（0.323%）。KO YUN HUNG 的账户分别持有 7,100,000 股（0.417%）和 5,500,000 股（0.323%）。
Source: annual report 2026, page 195.出处：2026 年年报第 195 页。
Tan Ee Ming retired on 10 July 2025. Prof. Dr. Anna Azriati Binti Che Azmi was appointed on 1 August 2025 and is listed as an Independent Non-Executive Director. Deloitte retired at the July 2024 AGM following the scheduled closure of its Ipoh office. Crowe Malaysia PLT signed the audit reports for 2025 and 2026.Tan Ee Ming 于 2025 年 7 月 10 日退任。Prof. Dr. Anna Azriati Binti Che Azmi 于 2025 年 8 月 1 日获委任，列任独立非执行董事。Deloitte 因其 Ipoh 办事处计划关闭，于 2024 年 7 月股东周年大会退任。Crowe Malaysia PLT 签署了 2025 年及 2026 年的审计报告。
Source: annual report 2025, pages 103, 127; annual report 2026, pages 90, 94, 108, 124.出处：2025 年年报第 103、127 页；2026 年年报第 90、94、108、124 页。
Revenue by segment, 20262026 年各部门营业额
Source: annual report 2026, page 170.出处：2026 年年报第 170 页。
Major events大事记
Source: annual report 2024, page 21.出处：2024 年年报第 21 页。
Source: annual report 2024, pages 101, 155.出处：2024 年年报第 101、155 页。
Source: annual report 2025, page 20.出处：2025 年年报第 20 页。
Source: annual report 2025, page 25.出处：2025 年年报第 25 页。
Source: annual report 2025, page 25.出处：2025 年年报第 25 页。
Source: annual report 2026, page 106.出处：2026 年年报第 106 页。
Source: annual report 2026, pages 90, 94.出处：2026 年年报第 90、94 页。
Revenue营业额
Profit and cash flows盈利与现金流
Assets, borrowings and equity资产、借款与权益
20242024 年
Operations generated RM41.8 million. Cash purchases of property and equipment used RM2.1 million, and dividends used RM12.1 million. A sale and leaseback transaction brought in RM22.1 million. The group made net bankers’ acceptance repayments of RM1.4 million, repaid RM1.3 million of term loans and financing, and paid RM13.9 million of lease liabilities. Borrowings at year end were RM32.4 million.营运活动带来 RM41.8 million。现金购置产业与设备使用 RM2.1 million，股息使用 RM12.1 million。一项售后租回交易带来 RM22.1 million。集团净偿还银行承兑汇票 RM1.4 million，偿还定期贷款及融资 RM1.3 million，并支付租赁负债 RM13.9 million。年末借款为 RM32.4 million。
Source: annual report 2024, pages 122, 123, 164.出处：2024 年年报第 122、123、164 页。
20252025 年
Operations used RM38.3 million. Cash purchases of property and equipment used RM5.2 million, and dividends used RM16.2 million. Net proceeds from bankers’ acceptances were RM29.6 million. Employees’ share option exercises brought in RM15.7 million through the issue of 62,978,336 shares at RM0.25 each. Lease liability repayments were RM12.1 million. Borrowings at year end were RM78.7 million.营运活动使用 RM38.3 million。现金购置产业与设备使用 RM5.2 million，股息使用 RM16.2 million。银行承兑汇票净融资所得为 RM29.6 million。员工行使购股权，以每股 RM0.25 发行 62,978,336 股，带来 RM15.7 million。租赁负债偿还额为 RM12.1 million。年末借款为 RM78.7 million。
Source: annual report 2025, pages 134, 135, 151, 190.出处：2025 年年报第 134、135、151、190 页。
20262026 年
Operations used RM13.2 million. Cash purchases of property and equipment used RM7.2 million, and dividends paid in the cash flow statement were RM10.5 million. Net proceeds were RM38.7 million from other financing, RM12.3 million from term financing and term loans, and RM7.4 million from bankers’ acceptances. Lease liability repayments were RM12.3 million. There was no change in issued share capital during the financial year. Borrowings at year end were RM137.1 million.营运活动使用 RM13.2 million。现金购置产业与设备使用 RM7.2 million，现金流量表列示的已付股息为 RM10.5 million。其他融资净所得为 RM38.7 million，定期融资与定期贷款净所得为 RM12.3 million，银行承兑汇票净所得为 RM7.4 million。租赁负债偿还额为 RM12.3 million。财政年度内已发行股本没有变动。年末借款为 RM137.1 million。
Source: annual report 2026, pages 114, 131, 187.出处：2026 年年报第 114、131、187 页。
Across the years历年合看
The group reported a profit in each of the three years, while operations used cash in 2025 and 2026. Borrowings rose from RM32.4 million in 2024 to RM78.7 million in 2025 and RM137.1 million in 2026. Total equity rose from RM243.7 million to RM276.4 million and RM310.5 million. At the latest year end, cash and cash equivalents were RM92.8 million and net debt, including lease liabilities, was RM56.5 million.集团在这三个年度均录得盈利，而 2025 年及 2026 年的营运活动使用现金。借款从 2024 年的 RM32.4 million，升至 2025 年的 RM78.7 million 和 2026 年的 RM137.1 million。总权益从 RM243.7 million，升至 RM276.4 million 和 RM310.5 million。最近一个年末，现金及现金等价物为 RM92.8 million，包括租赁负债的净债务为 RM56.5 million。
Source: annual report 2026, page 187.出处：2026 年年报第 187 页。
Still to be spent尚待支出
The 2026 IPO proceeds table shows RM26.2 million unused: RM7.1 million for DaaS expansion, RM16.8 million for the regional hub, RM1.3 million for new retail stores and RM1.0 million for JOI® marketing. The table extends the spending periods for these uses from 36 months to 72 months. The regional hub is expected to commence operations in December 2027.2026 年首次公开募股所得款项表显示，尚未使用的款项为 RM26.2 million：DaaS 扩展 RM7.1 million、区域中心 RM16.8 million、新零售店 RM1.3 million，以及 JOI® 营销 RM1.0 million。表中将这些用途的使用期限从 36 个月延长至 72 个月。区域中心预计于 2027 年 12 月开始营运。
Source: annual report 2026, pages 51, 106.出处：2026 年年报第 51、106 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 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 1,403,782,648 | 1,276,114,918 | 1,018,512,747 | 3,340,021,802 |
| Profit before taxation税前盈利 | 57,360,174 | 43,468,016 | 41,422,840 | 58,923,484 |
| Profit after taxation税后盈利 | 43,715,760 | 31,962,533 | 30,303,328 | 45,968,750 |
| Net cash from operating activities营运活动所得现金净额 | 16,945,128 | 41,821,486 | (38,320,528) | (13,230,822) |
| Purchase of property and equipment购置产业与设备 | (2,829,681) | (2,127,770) | (5,233,727) | (7,177,475) |
| Dividends paid已付股息 | (10,031,949) | (12,095,847) | (16,165,267) | (10,473,498) |
| Total assets总资产 | 396,372,342 | 536,793,903 | 560,406,741 | 663,219,484 |
| Borrowings借款 | 35,292,687 | 32,377,390 | 78,696,910 | 137,090,389 |
| Cash and bank balances现金与银行结余 | 35,579,692 | 35,058,452 | 41,595,600 | 32,188,432 |
| Total equity总权益 | 221,002,712 | 243,652,263 | 276,387,135 | 310,490,156 |
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 2024 report intended to set up 10 new stores in Malaysia and said a Penang multi-brand concept store would launch in May 2024.2024 年报表示拟在马来西亚开设 10 家新店，并称一家 Penang 多品牌概念店将于 2024 年 5 月开业。 | The 2025 report records the Penang opening in May 2024, a Selangor opening in November, a Penang brand-specific store in January 2025 and two more in February. The 2026 report records further store openings but does not state that all 10 were completed.2025 年报记载，Penang 店于 2024 年 5 月开业，Selangor 店于 11 月开业，另于 2025 年 1 月在 Penang 开设一家品牌专门店，2 月再开两家。2026 年报记载了进一步开店，但没有说明全部 10 家已经完成。 Source: annual report 2024, page 26; annual report 2025, page 25; annual report 2026, pages 24, 51.出处：2024 年年报第 26 页；2025 年年报第 25 页；2026 年年报第 24、51 页。 | Openings reported; ten-store total not stated已记载开店；未说明是否达到十家 |
| The 2024 report planned a regional hub in Petaling Jaya, expected to commence in December 2027.2024 年报计划在 Petaling Jaya 建设区域中心，预计于 2027 年 12 月启用。 | The 2026 report still expects operations to commence in December 2027. Its IPO proceeds table shows RM16.8 million for the hub still unused.2026 年报仍预计于 2027 年 12 月开始营运。其首次公开募股所得款项表显示，区域中心尚有 RM16.8 million 未使用。 Source: annual report 2024, page 53; annual report 2026, pages 51, 106.出处：2024 年年报第 53 页；2026 年年报第 51、106 页。 | Still planned仍属计划 |
| The 2024 report said the group would support expansion of its DaaS subscription service for existing and future agreements.2024 年报表示，集团将为现有及未来协议扩展 DaaS 订阅服务。 | The 2026 report says the group continues to secure more DaaS projects from government and private-sector customers and remains focused on expanding the service.2026 年报表示，集团继续取得更多政府及私人客户的 DaaS 项目，并继续着重扩展该服务。 Source: annual report 2024, page 26; annual report 2026, pages 24, 51.出处：2024 年年报第 26 页；2026 年年报第 24、51 页。 | More projects reported已报告更多项目 |
| The 2025 report identified GPU-as-a-Service as a focus and said SNS AI Factory would develop, test and deploy AI solutions.2025 年报将 GPU 即服务列为重点，并表示 SNS AI Factory 将开发、测试及部署人工智能方案。 | The 2026 report records the launch of SNS AI Factory, with 64 NVIDIA Hopper GPUs across eight Dell PowerEdge XE9680 servers.2026 年报记载了 SNS AI Factory 的推出，配备八台 Dell PowerEdge XE9680 服务器及 64 个 NVIDIA Hopper GPU。 Source: annual report 2025, page 16; annual report 2026, pages 7, 19.出处：2025 年年报第 16 页；2026 年年报第 7、19 页。 | Platform launched平台已推出 |
| The 2024 report said the group would establish procedures to assess suppliers’ environmental and social impact in the coming years.2024 年报表示，集团将在未来数年建立程序，评估供应商的环境及社会影响。 | The 2025 and 2026 reports both say suppliers had not yet been assessed and repeat the intention to establish procedures.2025 年及 2026 年报均表示尚未评估供应商，并重申建立相关程序的意向。 Source: annual report 2024, page 65; annual report 2025, page 68; annual report 2026, page 68.出处：2024 年年报第 65 页；2025 年年报第 68 页；2026 年年报第 68 页。 | Not yet assessed尚未评估 |
| The 2024 IPO proceeds table allowed 36 months from listing for DaaS expansion, the regional hub, JOI® marketing and new retail stores.2024 年首次公开募股所得款项表列明，DaaS 扩展、区域中心、JOI® 营销及新零售店款项的使用期限为上市后 36 个月。 | The 2026 table extends those periods to 72 months and shows RM26.2 million of total IPO proceeds still unused.2026 年表格将这些期限延长至 72 个月，并显示首次公开募股所得款项合计仍有 RM26.2 million 未使用。 Source: annual report 2024, page 100; annual report 2026, page 106.出处：2024 年年报第 100 页；2026 年年报第 106 页。 | Time frame extended期限已延长 |
What the reports leave open年报留下待看的事
- The regional hub remains expected to commence operations in December 2027, with RM16.8 million of its IPO allocation unused. Further construction spending and the eventual start of operations remain to be reported.区域中心仍预计于 2027 年 12 月开始营运，其首次公开募股分配款项尚有 RM16.8 million 未使用。后续建设支出及实际开始营运的情况仍待报告。
Source: annual report 2026, pages 51, 106.出处：2026 年年报第 51、106 页。
- Collection of receivables remains open. At year end, finance lease receivables were RM83.0 million after an allowance of RM12.0 million. The trade receivables loss allowance was RM14.6 million.应收款项的收回情况仍待观察。年末融资租赁应收款项在扣除 RM12.0 million 拨备后为 RM83.0 million。贸易应收款项的损失拨备为 RM14.6 million。
Source: annual report 2026, pages 147, 180.出处：2026 年年报第 147、180 页。
- Five customers accounted for approximately 57% of trade receivables after loss allowances at the latest year end. Two customers accounted for 16.7% and 10.3% of annual revenue. Future collections and customer concentration remain matters for later reports.最近一个年末，五名客户占扣除损失拨备后贸易应收款项的约 57%。两名客户分别占全年营业额的 16.7% 和 10.3%。后续收款及客户集中情况仍需看以后的报告。
Source: annual report 2026, pages 171, 177.出处：2026 年年报第 171、177 页。
- The latest report plans additional AI infrastructure capacity and more recurring, solution-based revenue. The amount of capacity added and the revenue from those services remain to be shown.最新年报计划增加人工智能基础设施容量，并扩大经常性、以解决方案为基础的收入。实际增加多少容量及这些服务带来多少收入，仍待披露。
Source: annual report 2026, pages 8, 15.出处：2026 年年报第 8、15 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。