DailySpaceTT Vision Holdings Berhad
0272 · ACE Market创业板（ACE Market） · annual reports 2023 to 2025, 932 entries read2023 至 2025 年报，共读出 932 条
The company这家公司
TT Vision Holdings Berhad is principally engaged in the development and manufacturing of machine vision equipment and the provision of related products and services, primarily operating from its manufacturing facility in Bayan Lepas, Penang.TT Vision Holdings Berhad 主要从事机器视觉设备的研发与制造，并提供相关产品与服务，主要在槟城峇六拜的制造基地运营。
Source: annual report 2024, page 31; annual report 2025, page 155.出处：2024 年年报第 31 页；2025 年年报第 155 页。
In 2025, solar cell inspection and sorting equipment accounted for 43.45% of revenue (RM15.2 million), optoelectronic inspection equipment 34.34% (RM12.0 million), discrete component and IC inspection equipment 18.81% (RM6.6 million), other related products and services 2.36%, and vision guided robotic equipment 1.04% (RM0.4 million).2025 年，太阳能电池检测与分选设备占营业额的 43.45%（RM15.2 million），光电检测设备占 34.34%（RM12.0 million），分立器件与集成电路检测设备占 18.81%（RM6.6 million），其他相关产品与服务占 2.36%，视觉引导机器人设备占 1.04%（RM0.4 million）。
Source: annual report 2025, page 28.出处：2025 年年报第 28 页。
By geography in 2025, Malaysia contributed 60.44% of revenue (RM21.2 million), while export markets contributed 39.6% (RM13.9 million). Vietnam was the largest export market at 24.38% (RM8.5 million), followed by Taiwan at 7.91% (RM2.8 million) and China at 4.74% (RM1,660,910). Two customers accounted for approximately RM24,038,797, or about 69% of total revenue.按地区划分，2025 年马来西亚占营业额的 60.44%（RM21.2 million），出口市场占 39.6%（RM13.9 million）。越南为最大出口市场，占 24.38%（RM8.5 million），其次是台湾占 7.91%（RM2.8 million）和中国占 4.74%（RM1,660,910）。两家客户合共占总营业额约 RM24,038,797，即约 69%。
Source: annual report 2025, pages 27, 29, 156.出处：2025 年年报第 27、29、156 页。
CEO and executive director Goon Koon Yin and director Wong Yih Hsow each held 100,682,711 shares (20.99%) at end 2025. Malaysian Technology Development Corporation Sdn Bhd held 66,255,000 shares (13.81%), in which Khazanah Nasional Berhad was deemed interested. Executive Director Jennie Tan Yen-Li held 9,639,289 shares (2.01%). Wong Yih Hsow is the spouse of Jennie Tan Yen-Li, and Goon Koon Yin is the spouse of Tan Oon Pheng, who held 12,382,889 shares (2.59%). Pledged accounts in the thirty largest holders include Public Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Ong Ah Beng with 4,232,900 shares (0.88%).截至 2025 年底，首席执行官兼执行董事 Goon Koon Yin 与董事 Wong Yih Hsow 各持有 100,682,711 股（20.99%）。Malaysian Technology Development Corporation Sdn Bhd 持有 66,255,000 股（13.81%），Khazanah Nasional Berhad 被视为拥有间接权益。执行董事 Jennie Tan Yen-Li 持有 9,639,289 股（2.01%）。Wong Yih Hsow 是 Jennie Tan Yen-Li 的配偶，Goon Koon Yin 是 Tan Oon Pheng 的配偶，后者持有 12,382,889 股（2.59%）。三十大股东中的质押账户包括 Public Nominees (Tempatan) Sdn Bhd 针对 Ong Ah Beng 的质押证券账户，持有 4,232,900 股（0.88%）。
Source: annual report 2025, pages 17, 18, 19, 55, 165, 166.出处：2025 年年报第 17、18、19、55、165、166 页。
Dato' Seri Wong Siew Hai resigned as Independent Non-Executive Chairman on 30 November 2023. Jennie Tan Yen-Li served as Executive Chairman until 19 March 2024, when Dato' Lim Yong Jin was appointed Independent Non-Executive Chairman. In 2025, the company introduced the position of Chief Corporate Affairs and Compliance Officer and appointed a new CFO.Dato' Seri Wong Siew Hai 于 2023 年 11 月 30 日辞任独立非执行主席。Jennie Tan Yen-Li 暂任执行主席直至 2024 年 3 月 19 日 Dato' Lim Yong Jin 获委任为独立非执行主席。2025 年，公司设立了企业事务与合规官职位，并委任了新财务总监。
Source: annual report 2023, pages 67, 83; annual report 2024, page 3; annual report 2025, page 90.出处：2023 年年报第 67、83 页；2024 年年报第 3 页；2025 年年报第 90 页。
Revenue by product segment, 20252025 年各产品部门营业额占比
Source: annual report 2025, page 28.出处：2025 年年报第 28 页。
Major events大事记
Source: annual report 2023, pages 8, 68.出处：2023 年年报第 8、68 页。
Source: annual report 2023, page 76.出处：2023 年年报第 76 页。
Source: annual report 2023, page 76.出处：2023 年年报第 76 页。
Source: annual report 2024, page 11.出处：2024 年年报第 11 页。
Source: annual report 2024, pages 11, 76.出处：2024 年年报第 11、76 页。
Source: annual report 2024, page 12.出处：2024 年年报第 12 页。
Source: annual report 2024, page 83; annual report 2025, page 11.出处：2024 年年报第 83 页；2025 年年报第 11 页。
Source: annual report 2025, pages 4, 125.出处：2025 年年报第 4、125 页。
Source: annual report 2025, pages 122, 164.出处：2025 年年报第 122、164 页。
Revenue and profit before tax营业额与税前盈利
Assets, equity and liabilities总资产、总权益与总负债
20232023 年
The company was listed on the ACE Market on 18 January 2023, raising gross proceeds of RM28.73 million by issuing 84,500,000 shares at RM0.34 per share, with share issuance expenses of RM1,621,954. Net cash from operating activities was RM8,334,740. The group fully settled its loans and borrowings during the year, paying RM6,128,577 to repay term loans and RM4,911,802 for bankers' acceptances, alongside drawing RM818,338 of bankers' acceptances. Purchase of property, plant and equipment took RM2,545,340, and additions of intangible assets were RM925,499. Cash and bank balances ended the year at RM30,003,575.公司于 2023 年 1 月 18 日在创业板上市，以每股 RM0.34 发行 84,500,000 股，募集资金总额 RM28.73 million，股份发行费用为 RM1,621,954。营运活动所得现金净额为 RM8,334,740。集团在该年全数结清贷款与借款，偿还定期贷款 RM6,128,577 及银行承兑汇票 RM4,911,802，同时提取银行承兑汇票 RM818,338。购置物业、厂房及设备支出 RM2,545,340，无形资产增加 RM925,499。现金与银行结余在年底达到 RM30,003,575。
Source: annual report 2023, pages 5, 12, 14, 15, 32, 41, 68.出处：2023 年年报第 5、12、14、15、32、41、68 页。
20242024 年
Gross proceeds of RM12.50 million were raised from the first tranche of a private placement by issuing 11,062,000 shares at RM1.13 per share, and RM443,617 was received from the exercise of ESOS. A term loan of RM6,708,195 was drawn. Operating activities generated net cash of RM3,767,765. Capital spending included RM14,000,775 for purchase of property, plant and equipment, RM2,264,897 for additions of intangible assets, RM1,143,644 for investment in an associate, and RM1,516,447 for advances to an associate. Pledged fixed deposits took RM410,000.通过以每股 RM1.13 发行 11,062,000 股的第一批私下配售，募集资金总额 RM12.50 million，并从行使雇员认股计划中收到 RM443,617。提取定期贷款 RM6,708,195。营运活动产生现金净额 RM3,767,765。资本支出包括购置物业、厂房及设备 RM14,000,775、无形资产增加 RM2,264,897、联营公司投资 RM1,143,644 以及向联营公司预付款项 RM1,516,447。抵押定期存款占用 RM410,000。
Source: annual report 2024, pages 76, 80, 91, 92.出处：2024 年年报第 76、80、91、92 页。
20252025 年
Operating activities recorded cash of RM2.2 million. The group drew RM6,687,598 of term loans, and term loans financed another RM7,454,720 of right-of-use assets, bringing loans and borrowings to RM20,850,513. Capital spending included RM15,589,079 for purchase of right-of-use assets, RM3,233,520 for purchase of property, plant and equipment, RM2,428,960 for investment in an associate, and RM1,408,745 for additions of intangible assets. Other payables included RM13,548,902 for the acquisition of leasehold land. Results included an inventory write-down of RM3,779,913, an impairment loss on receivables of RM2,283,749, and a net foreign exchange loss of RM3.84 million. Cash and bank balances ended at RM19.8 million.营运活动录得现金 RM2.2 million。集团提取定期贷款 RM6,687,598，定期贷款另为使用权资产融资 RM7,454,720，使贷款与借款达 RM20,850,513。资本支出包括购置使用权资产 RM15,589,079、购置物业、厂房及设备 RM3,233,520、投资联营公司 RM2,428,960 以及无形资产增加 RM1,408,745。其他应付款项中包括收购租赁土地的未付对价 RM13,548,902。业绩中计入了存货减记 RM3,779,913、应收账款减值损失 RM2,283,749 以及外汇净亏损 RM3.84 million。现金与银行结余期末为 RM19.8 million。
Source: annual report 2025, pages 28, 29, 102, 109, 110, 111, 136.出处：2025 年年报第 28、29、102、109、110、111、136 页。
Across the three years三年合看
Over the three years, the group funded its expansion through equity issues and bank borrowings. Gross proceeds of RM28.73 million were raised in the January 2023 IPO and RM12.50 million in the 2024 private placement. Loans and borrowings were fully settled in 2023, then rose to RM6,708,195 in 2024 and RM20,850,513 in 2025. Total assets rose from RM95,310,076 at end 2022 to RM153,914,882 at end 2025, mainly from the expansion of its existing building, according to the 2025 report. No dividends were declared or paid in any of the three years.三年间，集团通过发行股份与银行借款资助其扩张。2023 年 1 月的首次公开募股筹得毛收益 RM28.73 million，2024 年私下配售筹得 RM12.50 million。贷款与借款在 2023 年全数结清，随后在 2024 年升至 RM6,708,195，2025 年升至 RM20,850,513。总资产从 2022 年底的 RM95,310,076 增至 2025 年底的 RM153,914,882，2025 年报说主要来自现有建筑的扩建。三年内均未宣派或支付股息。
Source: annual report 2023, pages 3, 32, 68; annual report 2024, pages 31, 76, 92; annual report 2025, pages 29, 32, 102.出处：2023 年年报第 3、32、68 页；2024 年年报第 31、76、92 页；2025 年年报第 29、32、102 页。
Still to be spent尚未支出的承诺
By 31 December 2025, the RM28.7 million of IPO proceeds was 100.00% utilised. From the RM12.50 million raised in the first tranche of the private placement, RM3.8 million (30.00%) was utilised, including RM3.6 million of the RM12.3 million allocated to part finance the joint venture. Capital expenditure approved and contracted for at year end stood at RM21,417,396 for investment in an associate.截至 2025 年 12 月 31 日，首次公开募股筹集的 RM28.7 million 已 100.00% 使用完毕。第一批私下配售筹集的 RM12.50 million 中已使用 RM3.8 million（30.00%），包括用于部分资助合资企业的 RM12.3 million 中的 RM3.6 million。年底已批准并签约的资本支出为 RM21,417,396，用于投资联营公司。
Source: annual report 2025, pages 92, 153.出处：2025 年年报第 92、153 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 | 52,983,413 | 58,190,371 | 56,569,473 | 35,035,112 |
| Profit/(loss) before tax税前盈利 /（亏损） | 13,226,655 | 14,178,743 | 3,804,389 | (14,118,960) |
| Profit/(loss) for the financial year年度盈利 /（亏损） | 10,202,053 | 10,726,985 | 3,802,640 | (11,751,502) |
| Total assets总资产 | 95,310,076 | 138,088,625 | 146,684,145 | 153,914,882 |
| Total liabilities总负债 | 32,055,815 | 36,039,285 | 27,586,025 | 46,540,892 |
| Total equity总权益 | 63,254,261 | 102,049,340 | 119,098,120 | 107,373,990 |
| Cash and bank balances现金与银行结余 | 7,751,695 | 30,003,575 | 32,146,681 | 19,189,060 |
| Other investments其他投资 | 2,841,424 | 2,636,477 | 4,833,524 | 3,787,731 |
| Net cash from financing activities融资活动所得现金净额 | 1,443,262 | 16,886,005 | 19,651,872 | 6,687,598 |
| Loans and borrowings贷款与借款 | – | 0 | 6,708,195 | 20,850,513 |
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 |
|---|---|---|
| IPO proceeds of RM28.7 million to be utilised within 24 months from listing首次公开募股募集资金 RM28.7 million 将在上市后 24 个月内使用完毕 | In 2024, the board extended the timeframe for remaining proceeds to 17 January 2026; by end 2025, the RM28.7 million was 100.00% utilised.2024 年董事会将剩余款项使用期限延长至 2026 年 1 月 17 日；截至 2025 年底，RM28.7 million 已 100.00% 使用完毕。 Source: annual report 2023, page 123; annual report 2024, page 76; annual report 2025, page 92.出处：2023 年年报第 123 页；2024 年年报第 76 页；2025 年年报第 92 页。 | Fully utilised within extended timeframe在延长期限内全数使用完毕 |
| Setting up a joint venture manufacturing base in Malaysia with Autowell (Singapore) Pte. Ltd., with completion targeted by 10 September 2024与 Autowell (Singapore) Pte. Ltd. 在马来西亚设立合资制造基地，目标于 2024 年 9 月 10 日前完成 | The completion date was extended by 12 months to 10 September 2025, and senior management attended the opening ceremony of Autowell (Malaysia) Sdn Bhd in Shah Alam in 2025.完成日期延长 12 个月至 2025 年 9 月 10 日，高管团队于 2025 年出席了 Autowell (Malaysia) Sdn Bhd 在莎阿南的开幕典礼。 Source: annual report 2023, page 8; annual report 2024, page 12; annual report 2025, page 11.出处：2023 年年报第 8 页；2024 年年报第 12 页；2025 年年报第 11 页。 | Completed after extension延期后完成 |
| Intention to raise a total of RM25.00 million gross proceeds from a private placement to finance funding requirements of the joint venture计划通过私下配售募集总计 RM25.00 million 资金，用于合资企业的资金需求 | The first tranche raised RM12.50 million in May 2024; Bursa Securities extended the implementation deadline to 9 May 2025, and no further shares were issued in 2025.第一批于 2024 年 5 月筹得 RM12.50 million；马来西亚交易所将执行期限延长至 2025 年 5 月 9 日，2025 年未再发行股份。 Source: annual report 2024, pages 12, 76; annual report 2025, page 98.出处：2024 年年报第 12、76 页；2025 年年报第 98 页。 | Partially completed; no second tranche issued部分完成；未发行第二批 |
| Aiming to reduce customer dependency and develop a more diversified portfolio of customers and markets旨在降低对主要客户的依赖，拓展本地与国际更多元化的客户与市场组合 | The top two customers accounted for approximately 41% of revenue in 2024 and increased to 69% in 2025 (RM24,038,797).前两大客户占 2024 年营业额约 41%，并在 2025 年上升至 69%（RM24,038,797）。 Source: annual report 2023, page 93; annual report 2024, page 30; annual report 2025, pages 29, 156.出处：2023 年年报第 93 页；2024 年年报第 30 页；2025 年年报第 29、156 页。 | Concentration increased集中度上升 |
| The remaining investment amount for the 15% equity interest in associate Autowell (Malaysia) Sdn. Bhd. to be invested in batches联营公司 Autowell (Malaysia) Sdn. Bhd. 15% 股权的剩余投资金额将分批投入 | In 2025, additional investment of RM2,428,960 was made, leaving contracted capital commitments of RM21,417,396 for the associate at year end.2025 年追加投资 RM2,428,960，年底对该联营公司已签约的资本承诺尚余 RM21,417,396。 Source: annual report 2024, page 83; annual report 2025, pages 110, 153.出处：2024 年年报第 83 页；2025 年年报第 110、153 页。 | Invested in batches; balance contracted分批投资中；余款已签约 |
What the reports leave open年报留下待看的事
- Deployment of the remaining private placement proceeds, where RM3.8 million of the RM12.50 million raised in the first tranche was utilised (30.00%), alongside capital expenditure of RM21,417,396 approved and contracted for investment in an associate.私下配售剩余资金的投放进展，第一批筹得的 RM12.50 million 中已使用 RM3.8 million（30.00%），同时对联营公司的投资已批准并签约的资本支出为 RM21,417,396。
Source: annual report 2025, pages 92, 153.出处：2025 年年报第 92、153 页。
- Customer concentration, where the top two customers accounted for approximately 69% of total revenue (RM24,038,797) in 2025.客户集中度情况，2025 年前两大客户占总营业额约 69%（RM24,038,797）。
Source: annual report 2025, pages 29, 156.出处：2025 年年报第 29、156 页。
- Loans and borrowings increased to RM20,850,513 in 2025 from RM6,708,195 in 2024, with term loan interest rates ranging from 4.75% to 10.65% per annum.贷款与借款从 2024 年的 RM6,708,195 增至 2025 年的 RM20,850,513，定期贷款年利率介于 4.75% 至 10.65%。
Source: annual report 2025, pages 94, 134.出处：2025 年年报第 94、134 页。
- Recovery in operating margins and working capital following an inventory write-down of RM3,779,913 and an impairment loss on receivables of RM2,283,749 in 2025.在 2025 年计入存货减记 RM3,779,913 及应收账款减值损失 RM2,283,749 后的营运利润率与营运资金恢复情况。
Source: annual report 2025, page 109.出处：2025 年年报第 109 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。