DailySpaceMaster Tec Group Berhad
0295 · ACE Market创业板（ACE Market） · annual reports 2024 to 2025, 1020 entries read2024 至 2025 年报，共读出 1020 条
The company这家公司
Master Tec Group Berhad is an established manufacturer of wires and cables with approximately 21 years of industry experience, operating through its subsidiary Master Tec Wire & Cable Sdn. Bhd. On 23 October 2024, it completed the acquisition of a 51% equity interest in Sediacom Sdn. Bhd. for RM3,737,000, expanding into underground utilities engineering services.Master Tec Group Berhad 是一家拥有约 21 年行业经验的电线与电缆制造商，通过其子公司 Master Tec Wire & Cable Sdn. Bhd. 运营。2024 年 10 月 23 日，公司以 RM3,737,000 完成收购 Sediacom Sdn. Bhd. 51% 股权，拓展至地下公用设施工程服务。
Source: annual report 2024, pages 9, 11, 66; annual report 2025, page 11.出处：2024 年年报第 9、11、66 页；2025 年年报第 11 页。
In 2024, the manufacturing segment contributed RM299.16 million (92.32% of total revenue), the trading segment contributed RM20.02 million (6.18%), and contract revenue contributed RM4.86 million (1.50%). Within manufacturing, low-voltage power cables brought RM288.26 million, while control and instrumentation cables brought RM10.90 million.2024 年，制造业务部门贡献 RM299.16 million（占总营业额 92.32%），贸易业务部门贡献 RM20.02 million（6.18%），合约营业额贡献 RM4.86 million（1.50%）。在制造业务中，低压电力电缆带来 RM288.26 million，控制与仪表电缆带来 RM10.90 million。
Source: annual report 2024, pages 8, 9, 15, 16.出处：2024 年年报第 8、9、15、16 页。
Secured supply contracts with key clients include Tenaga Nasional Berhad Group and Sarawak Energy Berhad Group. Contract revenue, mainly from projects undertaken by Sediacom, was RM19.85 million (4.78% of total revenue) in 2025, while trading revenue was RM13.29 million (3.20%).主要客户已取得的供货合约包括 Tenaga Nasional Berhad 集团与 Sarawak Energy Berhad 集团。2025 年合约营业额（主要来自 Sediacom 承接的项目）为 RM19.85 million（占总营业额 4.78%），贸易营业额为 RM13.29 million（3.20%）。
Source: annual report 2024, page 8; annual report 2025, pages 8, 15, 157.出处：2024 年年报第 8 页；2025 年年报第 8、15、157 页。
The holding company is MTPC Sdn. Bhd., which holds 561,000,000 shares (55.00%). Dato' Lau Kim San has a direct holding of 189,277,100 shares (18.56%) and deemed interest of 561,015,000 shares (55.00%) held through MTPC Sdn. Bhd. and Clement Lau Wei Kiat. In the 2025 report, Lau Kim San's pledged holdings include 53,777,100 shares (5.27%) under Alliancegroup Nominees, 20,000,000 shares (1.96%) under Affin Hwang Nominees, 15,000,000 shares (1.47%) and 10,000,000 shares (0.98%) under Amsec Nominees, and 9,000,000 shares (0.88%) and 8,000,000 shares (0.78%) under RHB Nominees.控股公司为 MTPC Sdn. Bhd.，持有 561,000,000 股（55.00%）。Dato’ Lau Kim San 直接持有 189,277,100 股（18.56%），并通过 MTPC Sdn. Bhd. 与 Clement Lau Wei Kiat 拥有 561,015,000 股（55.00%）视同权益。在 2025 年年报中，Lau Kim San 的质押持股包括 Alliancegroup Nominees 名下的 53,777,100 股（5.27%）、Affin Hwang Nominees 名下的 20,000,000 股（1.96%）、Amsec Nominees 名下的 15,000,000 股（1.47%）与 10,000,000 股（0.98%），以及 RHB Nominees 名下的 9,000,000 股（0.88%）与 8,000,000 股（0.78%）。
Source: annual report 2024, pages 73, 161; annual report 2025, pages 186, 187.出处：2024 年年报第 73、161 页；2025 年年报第 186、187 页。
The company was listed on the ACE Market of Bursa Malaysia Securities Berhad on 29 January 2024. No new director was appointed to the board during FYE 2024 or FYE 2025. In 2025, four Key Senior Management personnel were appointed to the group, including Mr. Chong Peng Khang who joined as Chief Financial Officer.公司于 2024 年 1 月 29 日在马来西亚证券交易所创业板上市。在 2024 财政年度和 2025 财政年度内，均未委任新董事入局。2025 年，集团委任了 4 名主要高级管理人员，其中包括出任首席财务官的 Mr. Chong Peng Khang。
Source: annual report 2024, pages 4, 47; annual report 2025, pages 57, 67.出处：2024 年年报第 4、47 页；2025 年年报第 57、67 页。
Revenue by segment, 20242024 年各业务部门营业额占比
Source: annual report 2024, page 15.出处：2024 年年报第 15 页。
Major events大事记
Source: annual report 2024, pages 4, 65.出处：2024 年年报第 4、65 页。
Source: annual report 2024, pages 11, 66.出处：2024 年年报第 11、66 页。
Source: annual report 2024, page 66; annual report 2025, page 88.出处：2024 年年报第 66 页；2025 年年报第 88 页。
Source: annual report 2025, page 125.出处：2025 年年报第 125 页。
Source: annual report 2025, page 90.出处：2025 年年报第 90 页。
Revenue and profit营业额与盈利
Assets, equity and borrowings资产、权益与借款
20242024 年
In 2024, the group raised RM61,659,000 from the public issue of ordinary shares for its listing, with RM1,845,181 paid in share issue expenses. Operating cash flows were RM29.88 million. Cash spending on purchase of property, plant and equipment was RM45,240,464, and the group acquired 51% of Sediacom for RM3,737,000, with net cash outflow of RM201,836 after cash acquired. Financing outflows included dividends paid of RM12,994,800, term loan repayments of RM10,657,858, a net decrease in short-term borrowings of RM11,338,226, hire purchase repayments of RM403,979, and interest paid of RM3,378,083. Total borrowings fell from RM79,366,729 to RM65,383,331, and cash and cash equivalents ended at RM55,172,629.2024 年，集团通过上市公开发行普通股筹集 RM61,659,000，支付股份发行费用 RM1,845,181。营运现金流为 RM29.88 million。购买物业、厂房及设备的现金支出为 RM45,240,464；集团以 RM3,737,000 收购 Sediacom 51% 股权，扣除取得的现金后净流出 RM201,836。融资现金流出包括支付股息 RM12,994,800、偿还定期贷款 RM10,657,858、短期借款净减少 RM11,338,226、偿还租购款项 RM403,979 及支付利息 RM3,378,083。总借款由 RM79,366,729 降至 RM65,383,331，期末现金与现金等价物为 RM55,172,629。
Source: annual report 2024, pages 16, 66, 90, 91, 118.出处：2024 年年报第 16、66、90、91、118 页。
20252025 年
In 2025, net cash generated from operating activities was RM33.52 million. Cash spent on purchase of property, plant and equipment was RM10,441,707, alongside deposits paid for purchase of property, plant and equipment of RM2,354,860. Net cash from financing activities included a net increase in short-term borrowings of RM26,692,943 and term loan drawdowns of RM4,859,800. Financing outflows included term loan repayments of RM3,031,326, hire purchase repayments of RM986,530, lease liability repayments of RM278,474, dividends paid of RM7,038,000, and interest paid of RM4,684,057. Total borrowings rose to RM93,048,155.2025 年，营运活动所得现金净额为 RM33.52 million。购买物业、厂房及设备的现金支出为 RM10,441,707，另支付购买物业、厂房及设备定金 RM2,354,860。融资活动现金流入包括短期借款净增加 RM26,692,943 及定期贷款提取 RM4,859,800。融资流出包括偿还定期贷款 RM3,031,326、偿还租购款项 RM986,530、偿还租赁负债 RM278,474、支付股息 RM7,038,000 及支付利息 RM4,684,057。总借款增至 RM93,048,155。
Source: annual report 2025, pages 15, 112, 113, 140.出处：2025 年年报第 15、112、113、140 页。
Across the two years两年合看
Across the two reports, total borrowings moved from RM79,366,729 at the end of 2023 to RM65,383,331 in 2024 and RM93,048,155 in 2025, with bankers' acceptances being the largest component at RM50,446,190 in 2024 and RM74,719,450 in 2025. Borrowings were secured by freehold land and buildings carried at RM33,405,330 in 2024 and RM33,201,194 in 2025, plant and machineries of RM2,392,005 in 2024 and RM4,768,136 in 2025, and pledged fixed deposits which decreased from RM6,638,118 in 2024 to RM841,812 in 2025. Dividends paid were RM12,994,800 in 2024 and RM7,038,000 in 2025; after the 2025 year-end, a second interim dividend of 0.990 sen per share amounting to RM10,098,000 was paid on 17 March 2026.在两份年报期间，总借款由 2023 年底的 RM79,366,729 变为 2024 年的 RM65,383,331 与 2025 年的 RM93,048,155，其中银行承兑汇票为最大组成部分，2024 年为 RM50,446,190，2025 年为 RM74,719,450。借款抵押品包括账面值为 RM33,405,330（2024 年）与 RM33,201,194（2025 年）的永久地契土地及建筑物、RM2,392,005（2024 年）与 RM4,768,136（2025 年）的厂房与机械，以及由 2024 年的 RM6,638,118 降至 2025 年 RM841,812 的质押定期存款。2024 年与 2025 年分别支付股息 RM12,994,800 及 RM7,038,000；2025 年财政年度结束后，于 2026 年 3 月 17 日派发了每股 0.990 仙、共计 RM10,098,000 的第二次中期股息。
Source: annual report 2024, pages 90, 107, 115, 118; annual report 2025, pages 90, 112, 129, 137, 140.出处：2024 年年报第 90、107、115、118 页；2025 年年报第 90、112、129、137、140 页。
Still to be spent尚未支出的承诺
At the end of 2024, capital commitments approved and contracted for were RM230,338 for machineries, a commitment of RM2,319,481 was listed for freehold land at Lot 1309, Mukim Rembia, while RM9,991,412 was approved and not contracted for land at Lot 19798, Mukim Jasin. By the end of 2025, contracted commitments were RM2,922,991 for machineries and RM9,183,341 for the land at Lot 19798, Mukim Jasin. Unutilised IPO proceeds of RM18.65 million held for working capital in the 2024 report were fully utilised as at 31 March 2025.2024 年底，已批准并签约的资本承诺包括机械的 RM230,338，另列有位于 Mukim Rembia Lot 1309 永久地契土地的 RM2,319,481，另有已批准但未签约的 Mukim Jasin Lot 19798 土地承诺 RM9,991,412。截至 2025 年底，已签约承诺为机械 RM2,922,991 及 Mukim Jasin Lot 19798 土地 RM9,183,341。2024 年年报中留作营运资金的 RM18.65 million 未动用首次公开募股所得款项，已于 2025 年 3 月 31 日全数动用完毕。
Source: annual report 2024, pages 65, 154; annual report 2025, pages 87, 175.出处：2024 年年报第 65、154 页；2025 年年报第 87、175 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 |
|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 285,443,825 | 324,038,477 | 415,406,743 |
| Profit before taxation税前盈利 | 32,766,671 | 27,732,424 | 37,683,371 |
| Profit after taxation税后盈利 | 23,505,479 | 27,102,968 | 27,983,214 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (3,657,633) | (45,240,464) | (10,441,707) |
| Dividends paid已付股息 | (9,777,500) | (12,994,800) | (7,038,000) |
| Total assets总资产 | 225,479,221 | 310,689,752 | 376,865,611 |
| Total liabilities总负债 | 115,741,277 | 126,045,747 | 171,276,392 |
| Total equity总权益 | 109,737,944 | 184,644,005 | 205,589,219 |
| Total borrowings总借款 | 79,366,729 | 65,383,331 | 93,048,155 |
| Cash and bank balances现金与银行结余 | 42,819,627 | 17,544,906 | 49,365,680 |
| Fixed deposits with licensed banks持牌银行定期存款 | 12,058,044 | 44,638,118 | 50,942,103 |
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 |
|---|---|---|
| New plants completed, strengthening medium-voltage power cable production, with full output expected to ramp up progressively (combined capacity of 9,500 tonnes in 2024)新厂房已完工，加强中压电力电缆生产能力，预计全面产出将逐步提升（2024 年合计产能为 9,500 吨） | Installed capacity increased to 13,625 tonnes across four plants in 2025; MV cable production was undergoing testing and certification.2025 年四座厂房的总装机产能增至 13,625 吨；中压电缆生产正在进行测试与认证。 Source: annual report 2024, pages 13, 17; annual report 2025, page 12.出处：2024 年年报第 13、17 页；2025 年年报第 12 页。 | Capacity increased; testing in progress产能已增加；测试进行中 |
| Acquisition of freehold land at Lot 19798, Mukim Jasin for RM10,203,712 under a sale and purchase agreement signed on 21 February 2025根据 2025 年 2 月 21 日签署的买卖协议，以 RM10,203,712 收购位于 Mukim Jasin Lot 19798 的永久地契土地 | Deposit of RM1,020,371 paid, with the remaining commitment of RM9,183,341 contracted for at the end of 2025.已支付定金 RM1,020,371，截至 2025 年底剩余的 RM9,183,341 承诺已签约。 Source: annual report 2024, pages 66, 154; annual report 2025, pages 88, 136, 175.出处：2024 年年报第 66、154 页；2025 年年报第 88、136、175 页。 | Contracted; deposit paid已签约；已付定金 |
| To utilise remaining IPO proceeds of RM18,651,000 for general working capital within 15 months of listing在上市后 15 个月内将剩余的 RM18,651,000 首次公开募股所得款项用于一般营运资金 | The IPO proceeds were fully utilised as at 31 March 2025.首次公开募股所得款项已于 2025 年 3 月 31 日全数动用完毕。 Source: annual report 2024, page 65; annual report 2025, page 87.出处：2024 年年报第 65 页；2025 年年报第 87 页。 | Fully utilised已全数动用 |
| Full upcoming implementation of solar panels planned to power group operations and reduce energy consumption计划全面落实太阳能电池板以支持集团运营并降低能源消耗 | Phase 1 and Phase 2 of the rooftop solar photovoltaic system completed with a combined capacity of 2.78 MWp.完成屋顶太阳能光伏系统第一阶段与第二阶段建设，合计装机容量达 2.78 MWp。 Source: annual report 2024, pages 23, 24; annual report 2025, page 17.出处：2024 年年报第 23、24 页；2025 年年报第 17 页。 | Completed Phase 1 and 2已完成第一与第二阶段 |
| Sediacom poised to drive growth through underground utility contracts, telecommunications and data centre infrastructureSediacom 准备通过地下公用设施合约、电信与数据中心基础设施推动业务增长 | Contract revenue, mainly from Sediacom projects, increased from RM4.86 million (1.50% of revenue) in 2024 to RM19.85 million (4.78%) in 2025.合约营业额（主要来自 Sediacom 项目）由 2024 年的 RM4.86 million（占营业额 1.50%）增至 2025 年的 RM19.85 million（4.78%）。 Source: annual report 2024, pages 9, 17; annual report 2025, pages 9, 15.出处：2024 年年报第 9、17 页；2025 年年报第 9、15 页。 | Contract revenue increased合约营业额已增长 |
What the reports leave open年报留下待看的事
- The progress and completion of the proposed transfer listing from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad.由马来西亚证券交易所创业板转至主板上市建议的进展与完成情况。
Source: annual report 2025, page 87.出处：2025 年年报第 87 页。
- The completion of testing and certification for medium-voltage power cable production and the commencement of full output.中压电力电缆生产测试与认证的完成情况以及全面投入生产的时间。
Source: annual report 2025, pages 8, 12.出处：2025 年年报第 8、12 页。
- The planned commencement of in-house wooden drum production targeted for 2026 to reduce reliance on outsourced suppliers.针对 2026 年启动的电线电缆木盘自主生产计划，以减少对外部供应商的依赖。
Source: annual report 2025, pages 17, 32.出处：2025 年年报第 17、32 页。
- The settlement of the remaining contracted commitment of RM9,183,341 for the acquisition of freehold land at Lot 19798, Mukim Jasin.收购位于 Mukim Jasin Lot 19798 永久地契土地剩余 RM9,183,341 已签约承诺的结清情况。
Source: annual report 2025, pages 88, 175.出处：2025 年年报第 88、175 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。