DailySpaceBursa Malaysia companies, read from their annual reports从年报读懂大马上市公司

Smart Asia Chemical Bhd

0306 · ACE Market创业板(ACE Market) · annual reports 2024 to 2025, 799 entries read2024 至 2025 年报,共读出 799 条

Revenue, 20252025 年营业额RM88.3m8.83千万令吉down 5.5% from比 2024 年减少 5.5%,当年为 RM93.5m9.35千万令吉 in 2024
Profit for the financial year, 20252025 年净利RM0.93m93万令吉down 85.8% from比 2024 年减少 85.8%,当年为 RM6.58m658万令吉 in 2024
Total assets, 20252025 年总资产RM164.6m1.65亿令吉up 4.1% from比 2024 年增加 4.1%,当年为 RM158.1m1.58亿令吉 in 2024
Loans and borrowings, 20252025 年贷款与借款RM22.9m2.29千万令吉up 20.4% from比 2024 年增加 20.4%,当年为 RM19.1m1.91千万令吉 in 2024

The company这家公司

Smart Asia Chemical Bhd manufactures and distributes decorative paints and protective coatings, as well as painting tools and accessories, under house brands including Smart Paints, Durra Paints, Toplus and Hunter.Smart Asia Chemical Bhd 生产并分销建筑涂料与防护涂料,以及绘画工具与配件,旗下品牌包括 Smart Paints、Durra Paints、Toplus 与 Hunter。

Source: annual report 2024, pages 5, 20.出处:2024 年年报第 5、20 页。

In 2025, the manufacturing segment contributed RM80,240,552 of revenue, sale and trading contributed RM5,529,233, and others contributed RM2,570,578, out of total revenue of RM88,340,363.2025 年,在 RM88,340,363 的总营业额中,制造部门贡献 RM80,240,552,销售与贸易部门贡献 RM5,529,233,其他业务贡献 RM2,570,578。

Source: annual report 2025, pages 26, 152.出处:2025 年年报第 26、152 页。

The group had no significant exposure to any individual customer at the end of the reporting period.在报告期末,集团对任何单一客户均无重大集中风险。

Source: annual report 2025, pages 137, 153.出处:2025 年年报第 137、153 页。

Goh Chye Hin holds 166,069,789 shares (44.90%) and is deemed interested in 10,000,000 shares (2.70%) held by his children Goh Sim Yee and Goh Ji Syuan. His spouse Kee Hui Lang holds 32,656,011 shares (8.83%) and has a deemed interest in the same 10,000,000 shares (2.70%).Goh Chye Hin 持有 166,069,789 股(44.90%),并被视作在其子女 Goh Sim Yee 与 Goh Ji Syuan 持有的 10,000,000 股(2.70%)中拥有权益。其配偶 Kee Hui Lang 持有 32,656,011 股(8.83%),并被视作在相同的 10,000,000 股(2.70%)中拥有权益。

Source: annual report 2024, page 13; annual report 2025, pages 14, 168.出处:2024 年年报第 13 页;2025 年年报第 14、168 页。

Goh Sim Yee and Goh Ji Syuan were appointed subsidiary directors on 12 June 2024. During 2024, Teh Siew Chong resigned as subsidiary director, and during 2025, Chu Teck and Goh Bee Sim resigned as subsidiary directors.Goh Sim Yee 与 Goh Ji Syuan 于 2024 年 6 月 12 日获委任为子公司董事。2024 年内,Teh Siew Chong 辞任子公司董事;2025 年内,Chu Teck 与 Goh Bee Sim 辞任子公司董事。

Source: annual report 2024, pages 14, 15, 57; annual report 2025, page 80.出处:2024 年年报第 14、15、57 页;2025 年年报第 80 页。

Revenue by destination, 20252025 年按市场划分的营业额

Local: 83.8%Overseas: 16.2%
Local 83.8%本地 83.8%Overseas 16.2%海外 16.2%

Source: annual report 2025, page 153.出处:2025 年年报第 153 页。

Major events大事记

2024Issued 21,850,410 new shares at RM0.20 per share to acquire Smart Paint (Selangor) and Smart Paints (Sabah).以每股 RM0.20 发行 21,850,410 股新股,以收购 Smart Paint (Selangor) 与 Smart Paints (Sabah)。

Source: annual report 2024, page 96.出处:2024 年年报第 96 页。

2024Listed on the ACE Market of Bursa Malaysia, raising RM37.40 million from issuing 93,500,000 new shares at RM0.40 per share.在马来西亚交易所创业板上市,以每股 RM0.40 发行 93,500,000 股新股,募集 RM37.40 million。

Source: annual report 2024, pages 21, 56.出处:2024 年年报第 21、56 页。

2024Smart Paint Manufacturing entered into a sale and purchase agreement to acquire an industrial property in Selangor for RM8,500,000.Smart Paint Manufacturing 签署买卖协议,以 RM8,500,000 收购雪兰莪的一处工业产业。

Source: annual report 2024, page 60.出处:2024 年年报第 60 页。

2025Acquired 100% equity interest in Smart CKS Manufacturing and Smart CKS Marketing for RM2 each; after capital injections on 21 August 2025 the interests became 51% (subsidiary) and 49% (associate).以每家 RM2 的代价收购 Smart CKS Manufacturing 与 Smart CKS Marketing 的 100% 股权;2025 年 8 月 21 日注资后,持股分别变为 51%(子公司)与 49%(联营公司)。

Source: annual report 2025, page 83.出处:2025 年年报第 83 页。

2025Incorporated wholly owned subsidiary Smart Homebox with initial share capital of RM2.00, and subscribed an additional RM299,998.以 RM2.00 初始股本成立全资子公司 Smart Homebox,随后增认 RM299,998。

Source: annual report 2025, page 83.出处:2025 年年报第 83 页。

2026Smart Paint Manufacturing issued 30,000,000 ordinary shares to capitalise RM30,000,000 of advances from the company.Smart Paint Manufacturing 发行 30,000,000 股普通股,将来自公司的 RM30,000,000 预付款予以资本化。

Source: annual report 2025, page 83.出处:2025 年年报第 83 页。

Revenue and profit营业额与盈利

Revenue营业额
2023
RM91.1m9.11千万令吉
2024
RM93.5m9.35千万令吉
2025
RM88.3m8.83千万令吉
Profit before tax税前盈利
2023
RM12.3m1.23千万令吉
2024
RM3.26m326万令吉
2025
RM2.00m200万令吉
Profit for the financial year净利
2023
RM8.80m880万令吉
2024
RM6.58m658万令吉
2025
RM0.93m93万令吉

Assets, equity and borrowings总资产、总权益与借款

Total assets总资产
2023
RM136.3m1.36亿令吉
2024
RM158.1m1.58亿令吉
2025
RM164.6m1.65亿令吉
Total equity总权益
2023
RM68.8m6.88千万令吉
2024
RM111.4m1.11亿令吉
2025
RM113.6m1.14亿令吉
Loans and borrowings贷款与借款
2023
RM41.5m4.15千万令吉
2024
RM19.1m1.91千万令吉
2025
RM22.9m2.29千万令吉

20242024 年

On 28 May 2024, the company was listed on the ACE Market of Bursa Malaysia, raising RM37.40 million in gross proceeds from the public issue of 93,500,000 new shares at RM0.40 per share, with shares issuance expenses of RM1,343,630. Cash payments for the purchase of property, plant and equipment were RM4,420,469, while term loan repayments of RM38,543,548 and drawdowns of RM16,313,773 were made. No dividend was declared or paid for the year ended 31 December 2024.2024 年 5 月 28 日,公司在马来西亚交易所创业板上市,通过以每股 RM0.40 发行 93,500,000 股新股的公开配售募集 RM37.40 million 毛收益,股份发行费用为 RM1,343,630。添置物业、厂房及设备的现金支出为 RM4,420,469;偿还定期贷款 RM38,543,548,提取定期贷款 RM16,313,773。截至 2024 年 12 月 31 日止年度未派发或宣派股息。

Source: annual report 2024, pages 21, 54, 56, 65, 69, 70.出处:2024 年年报第 21、54、56、65、69、70 页。

20252025 年

Cash payments for the purchase of property, plant and equipment were RM8,070,517, and total property, plant and equipment additions were RM16,300,406, of which RM7,650,000 was financed by term loan arrangements. Term loan repayments were RM3,253,177, while repayments of bankers' acceptances were RM3,656,000 against proceeds of RM2,861,000. Cash and cash equivalents decreased by RM7,522,765, and no dividend was recommended or paid for the year ended 31 December 2025.添置物业、厂房及设备的现金支出为 RM8,070,517,物业、厂房及设备添置总额为 RM16,300,406,其中 RM7,650,000 以定期贷款安排融资。偿还定期贷款 RM3,253,177;偿还银行承兑汇票 RM3,656,000,取得借款 RM2,861,000。现金与现金等价物减少 RM7,522,765,截至 2025 年 12 月 31 日止年度未建议或派发股息。

Source: annual report 2025, pages 27, 77, 93, 94, 105.出处:2025 年年报第 27、77、93、94、105 页。

Across the two years两年合看

Across the two reports, the group paid no dividends to shareholders. Freehold lands and buildings pledged to secure borrowings increased from RM53,001,628 in 2024 to RM61,047,018 in 2025. The independent auditors identified deferred tax assets, inventories and trade receivables as key audit matters in both years.两份年报期间,集团未向股东派发股息。用于担保借款而抵押的永久地契土地与建筑物由 2024 年的 RM53,001,628 增至 2025 年的 RM61,047,018。独立审计师在两年中均将递延税项资产、存货及应收账款列为关键审计事项。

Source: annual report 2024, pages 54, 84, 128, 129; annual report 2025, pages 77, 107, 159, 160.出处:2024 年年报第 54、84、128、129 页;2025 年年报第 77、107、159、160 页。

Still to be spent尚未支出的承诺

RM3,943,000 of IPO proceeds remained unutilised out of RM5,000,000 allocated for the purchase of 250 sets of tinting machines.在分配用于采购 250 套调色机的 RM5,000,000 中,仍有 RM3,943,000 的首次公开募股收益尚未动用。

Source: annual report 2025, pages 25, 147.出处:2025 年年报第 25、147 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202320242025
RM令吉RM令吉RM令吉
Revenue营业额91,091,21693,466,72088,340,363
Profit before tax税前盈利12,315,8143,264,2162,003,006
Profit for the financial year净利8,804,6616,581,838932,316
Purchase of property, plant and equipment添置物业、厂房及设备31,713,3908,808,15416,300,406
Total assets总资产136,288,527158,123,959164,609,135
Total liabilities总负债67,517,86946,715,09351,042,953
Total equity总权益68,770,658111,408,866113,566,182
Loans and borrowings贷款与借款41,491,63519,057,21922,938,509
Cash and bank balances现金与银行结余5,778,4477,499,7644,656,999

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
Purchase and commissioning of automated paint production system, with RM962,000 remaining to be spent within 12 months from listing (2024)采购及调试自动化油漆生产系统,上市后 12 个月内尚需支出 RM962,000(2024)On 13 May 2025, the board extended the timeframe to 24 months, and the full RM11,000,000 allocation was utilised.2025 年 5 月 13 日,董事会将动用期限延长至 24 个月;RM11,000,000 预算已全数动用。

Source: annual report 2024, page 21; annual report 2025, page 25.出处:2024 年年报第 21 页;2025 年年报第 25 页。

Completed within extended timeframe在延长期限内完成
Acquisition of an industrial property in Selangor for RM8,500,000, expected to be completed in 2025以 RM8,500,000 收购雪兰莪一处工业产业,预计于 2025 年完成Completed the acquisition of the three-storey semi-detached factory in Shah Alam.完成了莎阿南三层半独立式厂房的收购。

Source: annual report 2024, pages 24, 60; annual report 2025, pages 27, 167.出处:2024 年年报第 24、60 页;2025 年年报第 27、167 页。

Completed已完成
Purchase of 250 sets of Smart Colour POS Tinting Machines using RM5,000,000 of IPO proceeds within 36 months, with RM639,000 utilised in 2024在 36 个月内动用 RM5,000,000 首次公开募股收益采购 250 套 Smart Colour POS 调色机,2024 年已动用 RM639,000RM1,057,000 was utilised, leaving RM3,943,000 unutilised within the 36-month timeframe.已动用 RM1,057,000,在 36 个月期限内仍有 RM3,943,000 尚未动用。

Source: annual report 2024, page 21; annual report 2025, pages 25, 62.出处:2024 年年报第 21 页;2025 年年报第 25、62 页。

In progress进行中
A core priority of expanding the dealer network, with a target of 800 new dealers by 2026以扩大经销商网络为核心重点,目标是到 2026 年新增 800 家经销商The 2025 report recorded the placement of an additional 38 tinting machines to wholesalers and dealers, but did not state the total progress toward the 800 new dealers target.2025 年报记录向批发商和经销商额外投放了 38 台调色机,但未说明达成 800 家新经销商目标的总体进展。

Source: annual report 2024, page 24; annual report 2025, page 6.出处:2024 年年报第 24 页;2025 年年报第 6 页。

Not specified in 2025 report2025 年报未载明
Commenced calculation of Scope 2 carbon emissions for 2024启动 2024 年范围 2 碳排放的计算The 2025 report commenced disclosure of Scope 1, Scope 2 and Scope 3 greenhouse gas emissions.2025 年报启动了范围 1、范围 2 与范围 3 温室气体排放的披露。

Source: annual report 2024, page 34; annual report 2025, page 43.出处:2024 年年报第 34 页;2025 年年报第 43 页。

Expanded已拓展

What the reports leave open年报留下待看的事

  • Utilisation of the remaining RM3,943,000 of IPO proceeds allocated for 250 sets of tinting machines within the 36-month timeframe.在 36 个月期限内动用剩余分配给 250 套调色机的 RM3,943,000 首次公开募股收益。

    Source: annual report 2025, pages 25, 62.出处:2025 年年报第 25、62 页。

  • Capacity utilisation at the Perak manufacturing facility, which operated below full capacity between June and September 2025.在 2025 年 6 月至 9 月期间未达满负荷运转的霹雳制造厂的产能利用率。

    Source: annual report 2025, page 19.出处:2025 年年报第 19 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。