DailySpaceSynergy House Berhad
0279 · ACE Market创业板（ACE Market） · annual reports 2023 to 2025, 1319 entries read2023 至 2025 年报，共读出 1319 条
The company这家公司
Synergy House Berhad designs and sells ready-to-assemble home furniture under business-to-business (B2B) and business-to-consumer (B2C) models.Synergy House Berhad 设计并销售组装式家居家具，业务涵盖企业对企业（B2B）及企业对消费者（B2C）模式。
Source: annual report 2023, pages 14, 58; annual report 2024, page 79.出处：2023 年年报第 14、58 页；2024 年年报第 79 页。
In 2024, the B2B segment recorded revenue of RM198.4 million and the B2C segment recorded revenue of RM194.0 million. In 2025, B2C revenue was RM188.9 million and B2B revenue was RM122.1 million.2024 年，B2B 部门实现营业额 RM198.4 million，B2C 部门实现营业额 RM194.0 million。2025 年，B2C 营业额为 RM188.9 million，B2B 营业额为 RM122.1 million。
Source: annual report 2024, page 13; annual report 2025, page 13.出处：2024 年年报第 13 页；2025 年年报第 13 页。
Two customers represented approximately 74% of trade receivables net of loss allowance at the end of 2025.截至 2025 年底，两家客户占扣除减值拨备后贸易应收账款的约 74%。
Source: annual report 2025, pages 110, 114.出处：2025 年年报第 110、114 页。
Synergy House Furniture Holdings Sdn Bhd holds 370,000,000 shares (74.00%) via a pledged securities account with CIMSEC Nominees (Tempatan) Sdn Bhd. Tan Eu Tah is the cousin of Executive Director Teh Yee Luen.Synergy House Furniture Holdings Sdn Bhd 通过 CIMSEC Nominees (Tempatan) Sdn Bhd 的质押证券账户持有 370,000,000 股（74.00%）。Tan Eu Tah 是执行董事 Teh Yee Luen 的表亲。
Source: annual report 2023, page 9; annual report 2025, page 125.出处：2023 年年报第 9 页；2025 年年报第 125 页。
Richie Tan Qi Guang was appointed Chief Operating Officer on 1 April 2024, and Ng Boon Kean Kenneth is listed as Chief Financial Officer.Richie Tan Qi Guang 于 2024 年 4 月 1 日被任命为首席营运官，Ng Boon Kean Kenneth 列为首席财务官。
Source: annual report 2023, page 10; annual report 2024, page 11; annual report 2025, page 52.出处：2023 年年报第 10 页；2024 年年报第 11 页；2025 年年报第 52 页。
Revenue by destination, 20252025 年按目的地划分的营业额
Source: annual report 2025, page 110.出处：2025 年年报第 110 页。
Major events大事记
Source: annual report 2023, pages 12, 38.出处：2023 年年报第 12、38 页。
Source: annual report 2023, page 58.出处：2023 年年报第 58 页。
Source: annual report 2024, page 11.出处：2024 年年报第 11 页。
Source: annual report 2024, page 42.出处：2024 年年报第 42 页。
Source: annual report 2024, pages 67, 70.出处：2024 年年报第 67、70 页。
Source: annual report 2024, page 101; annual report 2025, page 63.出处：2024 年年报第 101 页；2025 年年报第 63 页。
Source: annual report 2025, page 123.出处：2025 年年报第 123 页。
Revenue, profit and operating cash flow营业额、盈利与营运现金流
Assets, equity and borrowings资产、权益与借款
20232023 年
The company listed on the ACE Market of Bursa Securities on 1 June 2023, issuing 80,000,000 new ordinary shares at RM0.43 per share and raising gross proceeds of RM34.4 million. Net cash used in operating activities was RM5,501,703, and purchase of property, plant and equipment took RM1,809,594. Repayments of bankers' acceptances were RM84,592,471 against drawdowns of RM99,466,594, and term loan repayments were RM12,091,196. Dividends paid were RM700,000.公司于 2023 年 6 月 1 日在马来西亚股票交易所创业板上市，以每股 RM0.43 发行 80,000,000 股新普通股，募集 RM34.4 million 总资金。营运活动所用现金净额为 RM5,501,703，购买物业、厂房及设备支出 RM1,809,594。偿还银行承兑汇票 RM84,592,471，提取银行承兑汇票 RM99,466,594，偿还定期贷款 RM12,091,196。已付股息 RM700,000。
Source: annual report 2023, pages 38, 52, 53.出处：2023 年年报第 38、52、53 页。
20242024 年
Net cash from operating activities was RM27,337,536. Capital spending on purchase of property, plant and equipment was RM3,219,206. Pledged fixed deposits released RM11,156,468. Net drawdowns of bankers' acceptances added RM25,144,877, while dividends paid were RM12,500,000 and interest paid was RM3,644,150. A revaluation of RM7,494,834 was recorded, and RM28,000,000 was transferred to investment properties.营运活动所得现金净额为 RM27,337,536。购买物业、厂房及设备的资本支出为 RM3,219,206。已抵押定期存款释放 RM11,156,468。银行承兑汇票净增加 RM25,144,877，而已付股息为 RM12,500,000，已付利息为 RM3,644,150。录得重估 RM7,494,834，转入投资产业 RM28,000,000。
Source: annual report 2024, pages 58, 59, 67, 70.出处：2024 年年报第 58、59、67、70 页。
20252025 年
Net cash from operating activities was RM9,467,322. Purchase of property, plant and equipment took RM1,522,539. Net cash used in financing activities was RM41,420,342, which included net repayments of bankers' acceptances of RM28,192,667, net repayments of receivable financing of RM2,528,108, term loan repayments of RM1,831,773, interest paid of RM3,305,315, and dividends paid of RM3,700,000.营运活动所得现金净额为 RM9,467,322。购买物业、厂房及设备支出 RM1,522,539。融资活动所用现金净额为 RM41,420,342，其中包括偿还银行承兑汇票净额 RM28,192,667、偿还应收账款融资净额 RM2,528,108、偿还定期贷款 RM1,831,773、已付利息 RM3,305,315 以及已付股息 RM3,700,000。
Source: annual report 2025, pages 80, 81.出处：2025 年年报第 80、81 页。
Across the three years三年合看
Revenue moved from RM270.2 million in 2023 to RM392.4 million in 2024 and RM311.0 million in 2025. Profit after tax moved from RM27.1 million in 2023 to RM27.8 million in 2024 and RM4.3 million in 2025. Total borrowings declined to RM53.8 million in 2025 from RM87.4 million in 2024.营业额由 2023 年的 RM270.2 million 变为 2024 年的 RM392.4 million 及 2025 年的 RM311.0 million。税后盈利由 2023 年的 RM27.1 million 变为 2024 年的 RM27.8 million 及 2025 年的 RM4.3 million。总借款由 2024 年的 RM87.4 million 降至 2025 年的 RM53.8 million。
Source: annual report 2023, page 14; annual report 2024, page 15; annual report 2025, pages 13, 17, 18.出处：2023 年年报第 14 页；2024 年年报第 15 页；2025 年年报第 13、17、18 页。
Still to be spent尚未支出的承诺
Capital commitments for the purchase of property, plant and equipment were RM1,361,000 at end 2023, RM911,000 at end 2024, and RM267,000 at end 2025. The initial public offering proceeds of RM34.4 million were fully utilised in the 2024 report after varying RM1.50 million initially earmarked for racking systems and forklifts to inventory purchases.购买物业、厂房及设备的资本承诺在 2023 年底为 RM1,361,000，2024 年底为 RM911,000，2025 年底为 RM267,000。首次公开募股募集的 RM34.4 million 资金在将原定用于货架系统和叉车的 RM1.50 million 变更为采购存货后，在 2024 年年报中已全数动用完毕。
Source: annual report 2024, pages 42, 89; annual report 2025, page 110.出处：2024 年年报第 42、89 页；2025 年年报第 110 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 | 194,093,049 | 270,171,697 | 392,418,175 | 310,950,225 |
| Profit before tax税前盈利 | 23,398,879 | 37,601,508 | 29,774,844 | 6,024,507 |
| Profit after tax税后盈利 | 16,624,616 | 27,148,110 | 27,837,927 | 4,317,158 |
| Net cash from operating activities营运活动现金净额 | 19,534,535 | (5,501,703) | 27,337,536 | 9,467,322 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (9,666,441) | (1,809,594) | (3,219,206) | (1,522,539) |
| Dividends paid已付股息 | (5,900,000) | (700,000) | (12,500,000) | (3,700,000) |
| Total assets总资产 | 130,945,969 | 220,403,253 | 281,170,662 | 227,650,106 |
| Total equity总权益 | 46,349,885 | 100,819,117 | 127,413,118 | 131,939,925 |
| Borrowings借款 | 63,193,844 | 63,772,016 | 87,381,523 | 53,813,831 |
| Cash and bank balances现金及银行结余 | 14,723,301 | 13,449,635 | 28,372,813 | 28,014,017 |
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 |
|---|---|---|
| To expand B2C operations to additional e-commerce platforms and enter new markets, including commencing B2C sales in France (2023)将 B2C 业务拓展至更多电商平台并进入新市场，包括开展法国的 B2C 销售（2023） | In 2024, the group expanded into France and listed France among its B2C international markets.2024 年，集团拓展进军法国，并将法国列入其 B2C 国际市场之中。 Source: annual report 2023, page 14; annual report 2024, pages 15, 16.出处：2023 年年报第 14 页；2024 年年报第 15、16 页。 | Carried out已执行 |
| RM1,500,000 of IPO proceeds earmarked for the purchase of racking system and forklifts for an e-commerce fulfilment centre in Muar, Johor (2023)首次公开募股所得款项中的 RM1,500,000 拟用于为柔佛麻坡的电商履约中心采购货架系统及叉车（2023） | In 2024, the company resolved to vary the utilisation of the RM1.50 million to fund the purchase of inventories, fully utilising the proceeds.2024 年，公司决议将该笔 RM1.50 million 变更为采购存货，所得款项已全数动用完毕。 Source: annual report 2023, page 38; annual report 2024, page 42.出处：2023 年年报第 38 页；2024 年年报第 42 页。 | Reallocated to inventory变更为存货采购 |
| To become the most influential furniture company in Malaysia by 2025 (2023)到 2025 年成为马来西亚最具影响力的家具公司（2023） | The target was not repeated or discussed in the 2024 and 2025 reports.2024 年和 2025 年年报未再重复或提及该目标。 Source: annual report 2023, page 3; annual report 2024, page 16; annual report 2025, page 19.出处：2023 年年报第 3 页；2024 年年报第 16 页；2025 年年报第 19 页。 | Not mentioned again未再提及 |
| Working on a pilot project with a customer to remove polyfoams from packaging materials and source eco-friendly substitutes (2023)与一名客户开展试点项目，从包装材料中剔除保丽龙并寻找环保替代物料（2023） | In 2025, the group reported testing and development of improved packaging methods to reduce the use of polyfoam in products.2025 年，集团汇报对改进的包装方法进行测试与开发，以减少产品中保丽龙的使用。 Source: annual report 2023, page 21; annual report 2024, page 23; annual report 2025, page 31.出处：2023 年年报第 21 页；2024 年年报第 23 页；2025 年年报第 31 页。 | Testing reported已汇报测试 |
What the reports leave open年报留下待看的事
- A civil suit filed on 10 October 2025 by Leyo Holdings Sdn. Bhd. against SHF and two manufacturers claiming RM 2,873,325 in alleged royalties, with trial scheduled for March 2027; the group provided RM 493,829 for the claim and RM 597,040 for estimated legal costs.Leyo Holdings Sdn. Bhd. 于 2025 年 10 月 10 日对 SHF 及两家制造商提起民事诉讼，索赔涉案特许权使用费 RM 2,873,325，审讯定于 2027 年 3 月开庭；集团已就该索赔计提 RM 493,829 拨备及 RM 597,040 预估诉讼费用。
Source: annual report 2025, page 123.出处：2025 年年报第 123 页。
- Customer concentration risk, with two customers accounting for approximately 74% of trade receivables net of loss allowance at end 2025.客户集中度风险：截至 2025 年底，两家客户占扣除减值拨备后贸易应收账款的约 74%。
Source: annual report 2025, pages 110, 114.出处：2025 年年报第 110、114 页。
- The impact of United States trade policies and tariffs on export demand and cost structures.美国贸易政策及关税对出口需求和成本结构的影响。
Source: annual report 2024, page 20; annual report 2025, pages 20, 110.出处：2024 年年报第 20 页；2025 年年报第 20、110 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-30.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 2026-10-30。