DailySpaceSik Cheong Berhad
0316 · ACE Market创业板（ACE Market） · annual reports 2025 to 2026, 700 entries read2025 至 2026 年报，共读出 700 条
The company这家公司
Sik Cheong repackages, markets and distributes refined, bleached and deodorised (RBD) palm olein oil products, and trades other oil products. It completed the acquisition of Sik Cheong Edible Oil Sdn Bhd (SCEO) and Sin Cheong Sales & Marketing Sdn Bhd (SCSM) on 20 May 2024. Both became wholly owned subsidiaries. The group reports its principal activities as a single industry segment.Sik Cheong 分装、营销和分销精炼、脱色及脱臭（RBD）棕榈液油产品，也买卖其他油类产品。公司于 2024 年 5 月 20 日完成收购 Sik Cheong Edible Oil Sdn Bhd（SCEO）和 Sin Cheong Sales & Marketing Sdn Bhd（SCSM），两者成为全资子公司。集团把主要业务列为单一行业分部。
Source: annual report 2025, page 97; annual report 2026, pages 9, 137.出处：2025 年年报第 97 页；2026 年年报第 9、137 页。
All revenue in 2026 came from Malaysia. Kuala Lumpur and Selangor accounted for 97.8%, compared with 97.5% in 2025. The 2026 report records approximately RM78.5 million of sales under the SAWIT EMAS and VITAMAS brands. It says revenue comes from many customers, without significant concentration in any major customer.2026 年的营业额全部来自马来西亚。吉隆坡和雪兰莪占 97.8%，2025 年为 97.5%。2026 年报记录 SAWIT EMAS 和 VITAMAS 品牌销售额约 RM78.5 million。年报表示，营业额来自众多客户，没有显著集中于任何主要客户。
Source: annual report 2025, page 16; annual report 2026, pages 14, 15, 137.出处：2025 年年报第 16 页；2026 年年报第 14、15、137 页。
The 2026 shareholding analysis lists THRIVE CARRIER SDN. BHD. with 106,400,000 shares (40.000%), WONG HING NGIAP with 34,760,000 shares (13.067%) and WONG HIN LOONG with 34,760,000 shares (13.067%). Wong Hing Ngiap and Wong Hin Loong are Executive Directors and directors and shareholders of Thrive Carrier Sdn. Bhd. Both are also directors and shareholders of Thrive Properties. Wong Hin Loong's daughter, Wong Cheng Li, is a shareholder of Thrive Properties.2026 年股权分析列出，THRIVE CARRIER SDN. BHD. 持有 106,400,000 股（40.000%），WONG HING NGIAP 持有 34,760,000 股（13.067%），WONG HIN LOONG 持有 34,760,000 股（13.067%）。Wong Hing Ngiap 和 Wong Hin Loong 是执行董事，也是 Thrive Carrier Sdn. Bhd. 的董事及股东。两人也都是 Thrive Properties 的董事及股东。Wong Hin Loong 的女儿 Wong Cheng Li 也是 Thrive Properties 的股东。
Source: annual report 2026, pages 76, 142.出处：2026 年年报第 76、142 页。
The 2026 largest-shareholder list includes CGS INTERNATIONAL NOMINEES MALAYSIA (TEMPATAN) SDN. BHD. - PLEDGED SECURITIES ACCOUNT FOR NG GEOK WAH (BBRKLANG-CL), with 500,000 shares (0.187%), and CGS INTERNATIONAL NOMINEES MALAYSIA (TEMPATAN) SDN. BHD. - PLEDGED SECURITIES ACCOUNT FOR LIM HENG CHUAN (ML00233), with 950,000 shares (0.357%). These are the shares standing in those pledged accounts.2026 年最大股东名单包括 CGS INTERNATIONAL NOMINEES MALAYSIA (TEMPATAN) SDN. BHD. - PLEDGED SECURITIES ACCOUNT FOR NG GEOK WAH (BBRKLANG-CL)，持有 500,000 股（0.187%）；以及 CGS INTERNATIONAL NOMINEES MALAYSIA (TEMPATAN) SDN. BHD. - PLEDGED SECURITIES ACCOUNT FOR LIM HENG CHUAN (ML00233)，持有 950,000 股（0.357%）。这些是登记在上述质押证券账户内的股份。
Source: annual report 2026, page 143.出处：2026 年年报第 143 页。
Other pledged accounts in the 2026 list are MAYBANK NOMINEES (TEMPATAN) SDN BHD - PLEDGED SECURITIES ACCOUNT FOR YONG YAW CHOONG, with 900,000 shares (0.338%), and MOOMOO NOMINEES (TEMPATAN) SDN. BHD. - PLEDGED SECURITIES ACCOUNT FOR LEE CHEK FU, with 1,332,000 shares (0.500%).2026 年名单中的其他质押账户包括 MAYBANK NOMINEES (TEMPATAN) SDN BHD - PLEDGED SECURITIES ACCOUNT FOR YONG YAW CHOONG，持有 900,000 股（0.338%）；以及 MOOMOO NOMINEES (TEMPATAN) SDN. BHD. - PLEDGED SECURITIES ACCOUNT FOR LEE CHEK FU，持有 1,332,000 股（0.500%）。
Source: annual report 2026, page 143.出处：2026 年年报第 143 页。
Mr Woi Chee Keong was appointed Head of Operations on 1 July 2024. Ms Kartika Iskandar was appointed Financial Controller on 8 November 2024. The 2025 report also records the resignation of the Chief Financial Officer. Morison LC PLT replaced UHY Malaysia PLT as external auditors.Mr Woi Chee Keong 于 2024 年 7 月 1 日获委任为营运主管。Ms Kartika Iskandar 于 2024 年 11 月 8 日获委任为财务总监。2025 年报也记录了首席财务官辞职。Morison LC PLT 接替 UHY Malaysia PLT 担任外部审计师。
Source: annual report 2025, pages 29, 30, 48, 62.出处：2025 年年报第 29、30、48、62 页。
Major events大事记
Source: annual report 2025, page 117; annual report 2026, page 9.出处：2025 年年报第 117 页；2026 年年报第 9 页。
Source: annual report 2026, page 9.出处：2026 年年报第 9 页。
Source: annual report 2025, page 30.出处：2025 年年报第 30 页。
Source: annual report 2025, pages 7, 15.出处：2025 年年报第 7、15 页。
Source: annual report 2025, page 29.出处：2025 年年报第 29 页。
Source: annual report 2026, pages 3, 14.出处：2026 年年报第 3、14 页。
Source: annual report 2026, page 78.出处：2026 年年报第 78 页。
Revenue and profit before tax营业额与税前盈利
Assets, equity and cash资产、权益与现金
Original allocation of IPO proceeds (RM'000)首次公开募股所得原定分配（千令吉）
Source: annual report 2025, page 19.出处：2025 年年报第 19 页。
20252025 年
The IPO raised RM17.8 million through new shares priced at RM0.27 each. Cash payments for share issuance expenses were RM1.1 million. The group paid RM6.9 million for property, plant and equipment, including RM3.5 million for a prior-year property acquisition. The report identifies that payment as the amount owed to directors for Factory No. 11. Net investing cash outflow was RM6.5 million and net financing cash inflow was RM16.6 million. Cash and cash equivalents rose from RM6.8 million to RM19.8 million; the report attributes the increase mainly to IPO proceeds. No dividend was declared for FY2025.首次公开募股以每股 RM0.27 发行新股，筹得 RM17.8 million。股份发行费用的现金支出为 RM1.1 million。集团为产业、厂房与设备支付 RM6.9 million，其中 RM3.5 million 是支付上一年度购置产业的款项。年报说明，这笔款项是购买 Factory No. 11 所欠董事的款项。投资活动现金净流出为 RM6.5 million，融资活动现金净流入为 RM16.6 million。现金与现金等价物由 RM6.8 million 升至 RM19.8 million；年报表示，增加主要来自首次公开募股所得。2025 财年没有宣派股息。
Source: annual report 2025, pages 18, 19, 93, 114, 122.出处：2025 年年报第 18、19、93、114、122 页。
20262026 年
Cash and cash equivalents ended the year at RM19.8 million. The report says operating cash generation was the main reason the cash position was maintained. Cash payments for property, plant and equipment were RM4.4 million. Disposal proceeds were RM404,701 and interest received was RM622,965. Lease principal payments were RM44,994 and interest paid was RM2,151. Net investing cash outflow was RM3.4 million. Profit after tax was approximately RM3.8 million; the report attributes the increase mainly to the absence of the previous year's one-off listing expenses. After year end, the directors proposed a dividend of 0.30 sen per share, amounting to RM798,000, subject to shareholder approval.年末现金与现金等价物为 RM19.8 million。年报表示，营运现金产生是维持现金水平的主要原因。产业、厂房与设备现金支出为 RM4.4 million。出售资产所得为 RM404,701，已收利息为 RM622,965。租赁本金付款为 RM44,994，已付利息为 RM2,151。投资活动现金净流出为 RM3.4 million。税后盈利约 RM3.8 million；年报表示，增加主要因为本年没有上一年度的一次性上市费用。年结后，董事建议派发每股 0.30 仙股息，合计 RM798,000，须获股东批准。
Source: annual report 2026, pages 11, 17, 98, 125.出处：2026 年年报第 11、17、98、125 页。
Across the years历年合看
The reports record five additional delivery trucks in FY2025 and three in FY2026, funded by IPO proceeds. There were no bank borrowings at either year end. Lease liabilities fell from RM60,369 in 2025 to RM33,717 in 2026. Government subsidies recognised in cost of sales were RM5.1 million in 2024, RM5.2 million in 2025 and RM5.3 million in 2026, under COSS and MKHMM.年报记录，2025 财年增购五辆送货卡车，2026 财年增购三辆，资金来自首次公开募股所得。两个年度的年末都没有银行借款。租赁负债由 2025 年的 RM60,369 降至 2026 年的 RM33,717。计入销售成本的政府补贴在 2024 年为 RM5.1 million、2025 年为 RM5.2 million、2026 年为 RM5.3 million，来自 COSS 和 MKHMM。
Source: annual report 2025, pages 15, 18, 107, 123; annual report 2026, pages 14, 17, 112, 126.出处：2025 年年报第 15、18、107、123 页；2026 年年报第 14、17、112、126 页。
Still to be spent尚待支出
Approved and contracted capital commitments for property, plant and equipment were RM121,400 at the end of 2026, compared with RM2.3 million in 2025. At 30 June 2026, RM17.7 million of the RM17.8 million IPO proceeds had been used, with RM140,000 remaining for the packaging facility. On 25 February 2026, the Board extended the period for using the remaining facility proceeds from 18 months to 24 months after the listing on 13 August 2024. Excess allocations for listing expenses and delivery trucks were reallocated to working capital.2026 年末，已批准并签约的产业、厂房与设备资本承诺为 RM121,400，2025 年为 RM2.3 million。截至 2026 年 6 月 30 日，RM17.8 million 首次公开募股所得已使用 RM17.7 million，包装设施用途尚余 RM140,000。董事会于 2026 年 2 月 25 日，把包装设施剩余款项的使用期限，由 2024 年 8 月 13 日上市后 18 个月延长至 24 个月。上市费用和送货卡车的剩余拨款已转拨为营运资金。
Source: annual report 2026, pages 17, 137.出处：2026 年年报第 17、137 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 | 2024 | 2025 | 2026 |
|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 79,583,304 | 90,056,439 | 93,197,519 |
| Profit before tax税前盈利 | 7,937,544 | 2,419,961 | 5,144,435 |
| Profit attributable to owners股东应占盈利 | 6,328,976 | 1,089,288 | – |
| Cash payments for property, plant and equipment产业、厂房与设备现金支出 | (8,271,825) | (6,922,917) | (4,406,512) |
| Dividends paid已付股息 | (3,000,000) | 0 | – |
| Net cash used in investing activities投资活动所用现金净额 | (7,240,920) | (6,478,814) | (3,378,846) |
| Net cash from/(used in) financing activities融资活动所得／所用现金净额 | (1,823,079) | 16,634,109 | (47,145) |
| Total assets总资产 | 31,823,157 | 46,895,981 | 50,689,450 |
| Lease liabilities租赁负债 | 135,809 | 60,369 | 33,717 |
| Cash and cash equivalents现金与现金等价物 | 6,840,747 | 19,780,352 | 19,821,608 |
| Total equity总权益 | 26,292,929 | 44,068,726 | 47,875,338 |
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 |
|---|---|---|
| The 2025 report targeted the start of Factory No. 9 operations in the second quarter of 2026. Its intended machinery setup was expected to provide annual repackaging capacity of 9,470 metric tonnes.2025 年报以 2026 年第二季度为 Factory No. 9 的营运启动目标。按拟定的机械配置，预期每年可提供 9,470 公吨分装产能。 | The 2026 report records construction completion and receipt of the Certificate of Completion and Compliance in September 2025. It now targets the start of operations in the second quarter of 2027 and the capacity as expected.2026 年报记录，工程于 2025 年 9 月完成，并在同月取得完工及合规证书。年报现把开始营运的目标定于 2027 年第二季度，把产能列为预期。 Source: annual report 2025, page 15; annual report 2026, pages 3, 14.出处：2025 年年报第 15 页；2026 年年报第 3、14 页。 | Construction complete; operations target moved to Q2 2027工程已完成；营运目标延至 2027 年第二季度 |
| The 2025 report planned to extend sales into Perak, Negeri Sembilan, Melaka and Pahang.2025 年报计划把销售范围扩展至霹雳、森美兰、马六甲和彭亨。 | The 2026 report says the group expanded into those states. Kuala Lumpur and Selangor still accounted for 97.8% of revenue in 2026, compared with 97.5% in 2025.2026 年报表示，集团已扩展至这些州属。2026 年吉隆坡和雪兰莪仍占营业额 97.8%，2025 年为 97.5%。 Source: annual report 2025, page 16; annual report 2026, pages 14, 15.出处：2025 年年报第 16 页；2026 年年报第 14、15 页。 | Expansion reported已报告扩展 |
| The 2025 report planned to strengthen sales and logistics capabilities to support expansion into neighbouring states.2025 年报计划加强销售及物流能力，以配合向邻近州属扩展。 | The 2026 report records three additional delivery trucks funded by IPO proceeds. It continues to describe improved delivery efficiency and service reliability as expected benefits.2026 年报记录，以首次公开募股所得增购三辆送货卡车。年报继续把提高送货效率及服务可靠性列为预期效益。 Source: annual report 2025, page 16; annual report 2026, page 14.出处：2025 年年报第 16 页；2026 年年报第 14 页。 | Trucks added; benefits still expected已增购卡车；效益仍属预期 |
| The 2025 report intended to invest in rooftop solar photovoltaic systems at Factory No. 9 over the next three financial years.2025 年报计划在随后三个财政年度内，投资安装 Factory No. 9 的屋顶太阳能光伏系统。 | The 2026 report plans installation at Factory No. 9 and Factory No. 11 in the first quarter of FY2027, with solar generation tracking expected from the second quarter of FY2027.2026 年报计划于 2027 财年第一季度，在 Factory No. 9 和 Factory No. 11 安装系统，并预期从该财年第二季度开始记录太阳能发电量。 Source: annual report 2025, page 38; annual report 2026, page 36.出处：2025 年年报第 38 页；2026 年年报第 36 页。 | Installation planned for FY2027计划于 2027 财年安装 |
| The 2025 report planned to formalise supplier onboarding and evaluation through a documented procurement policy, and to add sustainability criteria to future supplier assessments.2025 年报计划通过书面采购政策，正式规范供应商准入及评估流程，并在未来供应商评估中加入可持续发展标准。 | The 2026 report says supplier onboarding and evaluation continue to be formalised through a documented procurement policy. Sustainability criteria remain planned for future assessments.2026 年报表示，集团继续通过书面采购政策，正式规范供应商准入及评估流程。可持续发展标准仍计划用于未来评估。 Source: annual report 2025, page 41; annual report 2026, page 44.出处：2025 年年报第 41 页；2026 年年报第 44 页。 | Still being formalised仍在规范流程 |
What the reports leave open年报留下待看的事
- Factory No. 9's operating start and actual output. The 2026 report targets commencement in the second quarter of 2027 and annual repackaging capacity of 9,470 metric tonnes as expected.Factory No. 9 的营运启动及实际产量。2026 年报把开始营运的目标定于 2027 年第二季度，把每年 9,470 公吨分装产能列为预期。
Source: annual report 2026, page 14.出处：2026 年年报第 14 页。
- Installation of solar systems at Factory No. 9 and Factory No. 11, planned for the first quarter of FY2027, and the start of generation tracking expected in the following quarter.计划于 2027 财年第一季度在 Factory No. 9 和 Factory No. 11 安装太阳能系统，以及预期于随后一个季度开始记录发电量。
Source: annual report 2026, page 36.出处：2026 年年报第 36 页。
- Shareholder approval of the proposed final dividend of 0.30 sen per share, amounting to RM798,000. The notice gives 30 September 2026 as the payment date, subject to approval.建议派发的每股 0.30 仙终期股息、合计 RM798,000，仍须股东批准。通知列明，在获得批准的前提下，付款日期为 2026 年 9 月 30 日。
Source: annual report 2026, pages 81, 146.出处：2026 年年报第 81、146 页。
- Collection of the RM839,990 receivable from the ministry under COSS and MKHMM at year end. The group also reports a COSS quota of up to 700 metric tonnes of subsidised cooking oil per month.年末在 COSS 和 MKHMM 下应收政府部门的 RM839,990 款项能否收回。集团也报告，COSS 配额为每月最多 700 公吨补贴食用油。
Source: annual report 2026, pages 18, 123.出处：2026 年年报第 18、123 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。