DailySpaceWentel Engineering Holdings Berhad
0298 · ACE Market创业板（ACE Market） · annual reports 2024 to 2025, 780 entries read2024 至 2025 年报，共读出 780 条
The company这家公司
The company was incorporated on 1 March 2023 as Wentel Engineering Holdings Sdn Bhd and converted into a public limited company on 12 June 2023. It was listed on the ACE Market of Bursa Malaysia Securities Berhad on 6 February 2024.公司于 2023 年 3 月 1 日注册成立为 Wentel Engineering Holdings Sdn Bhd，并于 2023 年 6 月 12 日转换为公众有限公司。公司于 2024 年 2 月 6 日在马来西亚证券交易所创业板上市。
Source: annual report 2024, pages 5, 7.出处：2024 年年报第 5、7 页。
Through its subsidiaries, the group fabricates semi-finished metal products, fabricates metal parts, and assembles finished products for customers in the security screening, semiconductor manufacturing, medical diagnostics, and CNC machining industries.通过旗下子公司，集团主要从事半成品金属制造、金属零件制造以及成品组装，客户涵盖安检、半导体制造、医疗诊断及数控机加工行业。
Source: annual report 2025, page 23.出处：2025 年年报第 23 页。
In 2024, semi-finished metal products accounted for 74.30% of total revenue, fabrication of metal parts 20.40%, and assembly of finished products 5.30%. Geographically, Malaysia contributed 71.77% of revenue in 2024, with Singapore and the US making up the remainder.2024 年，半成品金属制造占总营业额的 74.30%，金属零件制造占 20.40%，成品组装占 5.30%。按地域划分，2024 年马来西亚贡献了 71.77% 的营业额，其余来自新加坡和美国。
Source: annual report 2024, page 26.出处：2024 年年报第 26 页。
Wong Kim Fatt is the largest shareholder with 420,320,000 shares (36.55%) in 2025, followed by Wencor (M) Sdn. Bhd. with 188,413,000 shares (16.38%) and Non-Independent Non-Executive Chairman Ban Kim Wah with 152,399,500 shares (13.25%). Wong Chun Wei, Executive Director, is the son of major shareholders Wong Kim Fatt and Loo Sok Ching, and nephew of Ban Kim Wah.Wong Kim Fatt 为最大股东，2025 年持有 420,320,000 股（36.55%），其次是持有 188,413,000 股（16.38%）的 Wencor (M) Sdn. Bhd.，以及非独立非执行主席 Ban Kim Wah 持有 152,399,500 股（13.25%）。执行董事 Wong Chun Wei 是大股东 Wong Kim Fatt 与 Loo Sok Ching 之子，亦是 Ban Kim Wah 的侄儿。
Source: annual report 2025, pages 16, 154.出处：2025 年年报第 16、154 页。
Mr. Chuah has served as Group Chief Executive Officer since 28 March 2023. Tai retired from his executive role as General Manager of the group on 31 December 2025, while continuing as a director of subsidiary Wentel Engineering Sdn. Bhd.Chuah 先生自 2023 年 3 月 28 日起担任集团首席执行员。Tai 于 2025 年 12 月 31 日从集团总经理执行职位退休，但继续留任子公司 Wentel Engineering Sdn. Bhd. 董事。
Source: annual report 2025, page 17.出处：2025 年年报第 17 页。
Revenue by product segment, 20242024 年各产品部门营业额占比
Source: annual report 2024, page 26.出处：2024 年年报第 26 页。
Major events大事记
Source: annual report 2024, page 5.出处：2024 年年报第 5 页。
Source: annual report 2024, pages 7, 25.出处：2024 年年报第 7、25 页。
Source: annual report 2024, page 7.出处：2024 年年报第 7 页。
Source: annual report 2025, page 96.出处：2025 年年报第 96 页。
Source: annual report 2025, page 7.出处：2025 年年报第 7 页。
Source: annual report 2025, page 104.出处：2025 年年报第 104 页。
Revenue and profit营业额与盈利
Assets and equity资产与权益
Cash and bank balances and fixed deposits现金与银行结余及定期存款
20242024 年
In 2024, the company listed on the ACE Market on 6 February 2024, raising gross proceeds of RM71.03 million by issuing 273,200,000 ordinary shares at RM0.26 each. Purchase of property, plant and equipment took RM26,944,742. Term loan repayments were RM1,522,311. No dividend was recommended for the year.2024 年，公司于 2024 年 2 月 6 日在创业板上市，以每股 RM0.26 发行 273,200,000 股普通股，筹集总额 RM71.03 million。购置物业、厂房及设备支出 RM26,944,742。定期贷款偿还 RM1,522,311。年内未建议派发股息。
Source: annual report 2024, pages 7, 25, 28, 85, 88, 104, 105, 118.出处：2024 年年报第 7、25、28、85、88、104、105、118 页。
20252025 年
In 2025, purchase of property, plant and equipment was RM56,021,929, with capital work-in-progress on factory buildings reaching RM67,356,587. Term loan repayments were RM1,408,977. Fixed deposits with licensed banks fell from RM58,755,221 to RM5,017,740, while cash and bank balances rose to RM42,538,018. No dividend was recommended for the year.2025 年，购置物业、厂房及设备支出 RM56,021,929，厂房在建工程达到 RM67,356,587。定期贷款偿还 RM1,408,977。持牌银行定期存款从 RM58,755,221 降至 RM5,017,740，而现金与银行结余升至 RM42,538,018。年内未建议派发股息。
Source: annual report 2025, pages 100, 116, 121, 123, 134.出处：2025 年年报第 100、116、121、123、134 页。
Across the two years两年合看
Across the two years, revenue rose from RM98.8 million in 2023 to RM112.4 million in 2024 and RM142.7 million in 2025, while profit after taxation rose from RM14.1 million to RM15.0 million and RM23.2 million. The group funded its plant expansion through IPO proceeds and internally generated funds, clearing all term borrowings by the end of 2025. No dividends were recommended in either year.两年合看，营业额从 2023 年的 RM98.8 million 升至 2024 年的 RM112.4 million 及 2025 年的 RM142.7 million，税后盈利从 RM14.1 million 增至 RM15.0 million 及 RM23.2 million。集团通过首次公开售股所得款项及内部自筹资金为厂房扩建提供资金，并在 2025 年底前还清所有定期借款。两年均未建议派发股息。
Source: annual report 2024, pages 26, 88; annual report 2025, pages 20, 21, 27, 100.出处：2024 年年报第 26、88 页；2025 年年报第 20、21、27、100 页。
Still to be spent尚未支出的承诺
Of the listing proceeds, RM24.1 million remained unutilised for purchasing machinery and equipment, with the timeframe extended to 5 August 2027. In addition, a deposit of RM591,539 was paid for the acquisition of 2 units of medium industrial semi-detached factories under sale and purchase agreements dated 18 March 2026.上市所得款项中，尚有 RM24.1 million 未用于购置机械与设备，使用期限已延长至 2027 年 8 月 5 日。此外，根据 2026 年 3 月 18 日签订的买卖协议，公司已就收购 2 间中型半独立式厂房支付了 RM591,539 定金。
Source: annual report 2025, pages 96, 104, 127, 138.出处：2025 年年报第 96、104、127、138 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 | 98,751,534 | 112,428,811 | 142,738,165 |
| Profit before taxation税前盈利 | 18,822,436 | 20,821,543 | 29,145,992 |
| Profit after taxation税后盈利 | 14,101,231 | 15,026,487 | 23,202,446 |
| Purchase of property, plant and equipment购置物业、厂房及设备 | (19,153,732) | (26,944,742) | (56,021,929) |
| Fixed deposits with licensed banks定期存款 | 13,165,144 | 58,755,221 | 5,017,740 |
| Cash and bank balances现金与银行结余 | 18,648,414 | 31,546,833 | 42,538,018 |
| Total assets总资产 | 117,616,901 | 214,126,003 | 232,385,860 |
| Total equity总权益 | 101,929,363 | 186,463,920 | 209,397,504 |
| Total liabilities总负债 | 15,687,538 | 27,662,083 | 22,988,356 |
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 |
|---|---|---|
| Relocate operations from Lot 58 to the new plant and terminate tenancy upon completion of Lot 815 in the second half of 2025在 Lot 815 于 2025 年下半年竣工后，将业务从 Lot 58 迁入新厂并终止租约 | Construction was completed in August 2025 with the Certificate of Practical Completion obtained, while the Certificate of Completion and Compliance is expected in the first half of 2026.建设于 2025 年 8 月竣工并取得实际竣工证书，而完工与合格证书预计将于 2026 年上半年取得。 Source: annual report 2024, page 28; annual report 2025, page 7.出处：2024 年年报第 28 页；2025 年年报第 7 页。 | Completed construction; compliance certificate pending建设已完工；合格证书待批 |
| Part finance the purchase of new machinery and equipment with RM25.0 million of listing proceeds within 18 months在 18 个月内使用 RM25.0 million 的上市所得款项部分资助购置新机械与设备 | On 31 July 2025, the timeframe was extended by 24 months to 5 August 2027, with RM24.1 million remaining unutilised.2025 年 7 月 31 日，期限延长 24 个月至 2027 年 8 月 5 日，尚有 RM24.1 million 未动用。 Source: annual report 2024, page 85; annual report 2025, page 96.出处：2024 年年报第 85 页；2025 年年报第 96 页。 | Timeframe extended; mostly unspent期限延长；多数未动用 |
| Finance the estimated construction cost of RM67.95 million for the new plant through IPO proceeds, internally generated funds, and/or bank borrowings通过首次公开售股所得款项、内部自筹资金及/或银行借款为新厂估计 RM67.95 million 的建设成本提供资金 | Construction was funded by IPO proceeds and internally generated funds without external borrowings, with capital work-in-progress reaching RM67,356,587.建设通过上市所得款项及内部自筹资金完成，未进行外部借款，厂房在建工程达到 RM67,356,587。 Source: annual report 2024, page 28; annual report 2025, pages 21, 27, 123.出处：2024 年年报第 28 页；2025 年年报第 21、27、123 页。 | Funded without borrowings无借款完成出资 |
| Working towards obtaining ISO 14001 certification for the new manufacturing plant by 2026争取在 2026 年前使新制造厂房取得 ISO 14001 认证 | The 2025 report restated that the company is working towards obtaining ISO 14001 certification for its new manufacturing plant in 2026.2025 年报重申公司正努力在 2026 年使新制造厂房取得 ISO 14001 认证。 Source: annual report 2024, page 45; annual report 2025, page 48.出处：2024 年年报第 45 页；2025 年年报第 48 页。 | Still in progress推进中 |
What the reports leave open年报留下待看的事
- Securing the Certificate of Completion and Compliance for Lot 815, expected in the first half of 2026, and the start of depreciation in the second half of 2026.Lot 815 完工与合格证书的取得（预计在 2026 年上半年），以及折旧在 2026 年下半年开始计提。
Source: annual report 2025, pages 7, 21.出处：2025 年年报第 7、21 页。
- Utilisation of the remaining RM24.1 million of listing proceeds earmarked for machinery and equipment ahead of the extended deadline of 5 August 2027.用于机械与设备的剩余 RM24.1 million 上市所得款项在 2027 年 8 月 5 日延长期限前的动用情况。
Source: annual report 2025, page 96.出处：2025 年年报第 96 页。
- Completion of the acquisition of 2 semi-detached factory units under the conditional sale and purchase agreements dated 18 March 2026, following a deposit of RM591,539.在支付 RM591,539 定金后，根据 2026 年 3 月 18 日有条件买卖协议收购 2 间半独立式厂房的完成情况。
Source: annual report 2025, pages 104, 127.出处：2025 年年报第 104、127 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。