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

Crest Group Berhad

0323 · ACE Market创业板(ACE Market) · annual reports 2024 to 2025, 724 entries read2024 至 2025 年报,共读出 724 条

Revenue, 20252025 年营业额RM183.5m1.83亿令吉up 0.3% from比 2024 年增加 0.3%,当年为 RM183.0m1.83亿令吉 in 2024
Profit for the financial year, 20252025 年年度盈利RM12.4m1.24千万令吉up 3.0% from比 2024 年增加 3.0%,当年为 RM12.0m1.20千万令吉 in 2024
Net cash from operating activities, 20252025 年营运活动所得现金净额RM11.2m1.12千万令吉2024:2024 年: –RM4.88m–488万令吉
Cash and cash equivalents, 20252025 年现金及现金等价物RM53.0m5.30千万令吉down 27.1% from比 2024 年减少 27.1%,当年为 RM72.7m7.27千万令吉 in 2024

The company这家公司

Crest provides imaging, analytical and test solutions and after-sales services. Its businesses include equipment distribution, installation and commissioning, training and technical support.Crest 提供成像、分析与测试解决方案及售后服务。业务包括设备分销、安装与调试、培训及技术支持。

Source: annual report 2024, pages 61, 102; annual report 2025, page 66.出处:2024 年年报第 61、102 页;2025 年年报第 66 页。

In 2025, imaging, analytical and testing solutions contributed RM152.8 million, or 83.27% of revenue. After-sales services contributed RM30.7 million, or 16.73%. No customer accounted for more than 10% of group revenue.2025 年,成像、分析与测试解决方案贡献营业额 RM152.8 million,占 83.27%。售后服务贡献 RM30.7 million,占 16.73%。没有客户占集团营业额超过 10%。

Source: annual report 2025, pages 11, 121.出处:2025 年年报第 11、121 页。

The directors identify Climan Sdn. Bhd. as the ultimate holding company. The 2025 shareholding table lists CLIMAN SDN BHD with 477,078,900 shares, or 55.116%; LIM SIONG WAI with 51,722,600 shares, or 5.975%; and YAP KIAN MENG and AU CHUN MUN with 48,903,700 shares, or 5.650%, each. Some holders have deemed interests through Climan Sdn. Bhd. The report states that none of the directors has a family relationship with another director or major shareholder.董事将 Climan Sdn. Bhd. 列为最终控股公司。2025 年股权表列明,CLIMAN SDN BHD 持有 477,078,900 股,占 55.116%;LIM SIONG WAI 持有 51,722,600 股,占 5.975%;YAP KIAN MENG 与 AU CHUN MUN 各持有 48,903,700 股,各占 5.650%。部分持股人通过 Climan Sdn. Bhd. 拥有视同权益。年报表示,董事之间,以及董事与主要股东之间,没有亲属关系。

Source: annual report 2025, pages 17, 64, 67, 128, 130.出处:2025 年年报第 17、64、67、128、130 页。

The 2024 largest-holder list includes MIDF AMANAH INVESTMENT NOMINEES (TEMPATAN) SDN BHD, PLEDGED SECURITIES ACCOUNT FOR CLIMAN SDN. BHD. (CTS-CSB0003C), with 477,078,900 shares (55.116%). CGS INTERNATIONAL NOMINEES MALAYSIA (TEMPATAN) SDN. BHD. lists pledged securities accounts for MOHD DOM BIN AHMAD (MY4624), with 4,750,000 shares (0.549%), and CHIN WAI HON (MY3984), with 1,200,000 shares (0.139%). Other pledged accounts are BIMSEC NOMINEES (TEMPATAN) SDN BHD for SENTOSA JAYA CAPITAL SDN BHD (MGNM83401), with 4,044,700 shares (0.467%); PUBLIC NOMINEES (TEMPATAN) SDN BHD for TAI THIAM SENG (E-KPG), with 1,200,200 shares (0.139%); and MOOMOO NOMINEES (TEMPATAN) SDN. BHD. for LAI WEI KEAT, with 1,662,000 shares (0.192%).2024 年大股东名单列有 MIDF AMANAH INVESTMENT NOMINEES (TEMPATAN) SDN BHD 的 CLIMAN SDN. BHD.(CTS-CSB0003C)质押证券账户,持有 477,078,900 股(55.116%)。CGS INTERNATIONAL NOMINEES MALAYSIA (TEMPATAN) SDN. BHD. 名下列有 MOHD DOM BIN AHMAD(MY4624)的质押证券账户,持有 4,750,000 股(0.549%),以及 CHIN WAI HON(MY3984)的质押证券账户,持有 1,200,000 股(0.139%)。其他质押账户包括 BIMSEC NOMINEES (TEMPATAN) SDN BHD 名下 SENTOSA JAYA CAPITAL SDN BHD(MGNM83401)的账户,持有 4,044,700 股(0.467%);PUBLIC NOMINEES (TEMPATAN) SDN BHD 名下 TAI THIAM SENG(E-KPG)的账户,持有 1,200,200 股(0.139%);以及 MOOMOO NOMINEES (TEMPATAN) SDN. BHD. 名下 LAI WEI KEAT 的账户,持有 1,662,000 股(0.192%)。

Source: annual report 2024, pages 129, 130.出处:2024 年年报第 129、130 页。

In the 2025 list, CGS INTERNATIONAL NOMINEES MALAYSIA (TEMPATAN) SDN. BHD., PLEDGED SECURITIES ACCOUNT FOR MOHD DOM BIN AHMAD (MY4624), holds 10,180,000 shares (1.176%). Its PLEDGED SECURITIES ACCOUNT FOR NUM SIEW YOKE (MY3576) holds 5,150,000 shares (0.595%).2025 年名单中,CGS INTERNATIONAL NOMINEES MALAYSIA (TEMPATAN) SDN. BHD. 名下 MOHD DOM BIN AHMAD(MY4624)的质押证券账户持有 10,180,000 股(1.176%)。该代名公司名下 NUM SIEW YOKE(MY3576)的质押证券账户持有 5,150,000 股(0.595%)。

Source: annual report 2025, page 128.出处:2025 年年报第 128 页。

Revenue by business, 20252025 年各业务营业额占比

Imaging, analytical and testing solutions: 83.27%After-sales services: 16.73%
Imaging, analytical and testing solutions 83.27%成像、分析与测试解决方案 83.27%After-sales services 16.73%售后服务 16.73%

Source: annual report 2025, page 11.出处:2025 年年报第 11 页。

Major events大事记

1999Crest Systems (M) Sdn. Bhd. was established.Crest Systems (M) Sdn. Bhd. 成立。

Source: annual report 2024, page 4.出处:2024 年年报第 4 页。

2024The company entered into the conditional share sale agreement on 17 January; the acquisition of subsidiaries was completed on 8 August.公司于 1 月 17 日签订有条件股份买卖协议;子公司收购于 8 月 8 日完成。

Source: annual report 2024, pages 63, 88.出处:2024 年年报第 63、88 页。

2024Listed on the ACE Market on 9 October, with a public issue of 130,705,300 new shares at RM0.35 each.10 月 9 日在创业板上市,以每股 RM0.35 公开发行 130,705,300 股新股。

Source: annual report 2024, page 55.出处:2024 年年报第 55 页。

2024On 16 December, Crest Systems signed a conditional property sale and purchase agreement with Dolphin Applications Sdn. Bhd.12 月 16 日,Crest Systems 与 Dolphin Applications Sdn. Bhd. 签订有条件产业买卖协议。

Source: annual report 2024, pages 48, 64.出处:2024 年年报第 48、64 页。

2025Acquired the freehold industrial property in Puchong for the new headquarters.购入位于 Puchong 的永久地契工业产业,用作新总部。

Source: annual report 2025, page 11.出处:2025 年年报第 11 页。

2025Paid the interim dividend of 0.38 sen per ordinary share on 13 June.6 月 13 日支付每股普通股 0.38 仙的中期股息。

Source: annual report 2025, page 61.出处:2025 年年报第 61 页。

2025Incorporated Crest Vietnam on 23 July for cash consideration equivalent to RM83,959.7 月 23 日成立 Crest Vietnam,现金对价折合 RM83,959。

Source: annual report 2025, page 117.出处:2025 年年报第 117 页。

2026Crest Upstar was struck off from Singapore's company register on 1 February. It had ceased business in 2023.Crest Upstar 于 2 月 1 日从新加坡公司注册名册除名;该公司已于 2023 年停止营业。

Source: annual report 2025, page 67.出处:2025 年年报第 67 页。

2026On 22 April, declared an interim dividend of 0.41 sen per share for the financial year ending 2026, amounting to RM3.5 million.4 月 22 日宣布派发截至 2026 年财政年度的每股 0.41 仙中期股息,总额为 RM3.5 million。

Source: annual report 2025, page 61.出处:2025 年年报第 61 页。

Revenue, profit and operating cash营业额、盈利与营运现金

Revenue营业额
2023
RM187.6m1.88亿令吉
2024
RM183.0m1.83亿令吉
2025
RM183.5m1.83亿令吉
Profit for the financial year年度盈利
2023
RM20.1m2.01千万令吉
2024
RM12.0m1.20千万令吉
2025
RM12.4m1.24千万令吉
Net cash from operating activities营运活动所得现金净额
2023
RM26.8m2.68千万令吉
2024
–RM4.88m–488万令吉
2025
RM11.2m1.12千万令吉

Assets, equity, cash and borrowings资产、权益、现金与借款

Total assets总资产
2023
RM115.3m1.15亿令吉
2024
RM155.3m1.55亿令吉
2025
RM165.3m1.65亿令吉
Total equity总权益
2023
RM60.6m6.06千万令吉
2024
RM108.9m1.09亿令吉
2025
RM116.5m1.16亿令吉
Cash and cash equivalents现金及现金等价物
2023
RM42.3m4.23千万令吉
2024
RM72.7m7.27千万令吉
2025
RM53.0m5.30千万令吉
Loans and borrowings贷款与借款
2023
RM2.10m210万令吉
2024
RM3.19m319万令吉
2025
RM1.94m194万令吉

20242024 年

Operations used RM4.9 million in cash. The IPO raised RM45.7 million before share issuance expenses; net proceeds from share issuance were RM42.7 million. The company also issued 734,891,700 shares worth RM36.7 million to acquire subsidiaries. Cash purchases of property, plant and equipment were RM2.6 million. The group drew RM975,000 in loans, repaid RM424,000 of lease liabilities and RM278,000 of hire purchase, and paid RM5.6 million in dividends through entities under common control.营运活动使用现金 RM4.9 million。IPO 在扣除股份发行费用前筹得 RM45.7 million;股份发行所得净额为 RM42.7 million。公司另发行 734,891,700 股,价值 RM36.7 million,用于收购子公司。购买产业、厂房及设备的现金支出为 RM2.6 million。集团提取贷款 RM975,000,偿还租赁负债 RM424,000 及租购款 RM278,000,并通过共同控制下实体支付股息 RM5.6 million。

Source: annual report 2024, pages 72, 97.出处:2024 年年报第 72、97 页。

20252025 年

Operations generated RM11.2 million in cash, while cash purchases of property, plant and equipment were RM25.1 million. The report attributes the decrease in cash and cash equivalents primarily to the acquisition of the new headquarters property. Loan repayments were RM978,000 and new drawings RM135,000; lease repayments were RM368,000 and hire purchase repayments RM301,000. The company paid RM3.3 million in dividends on its shares, and subsidiaries paid RM711,000 to non-controlling interests. No new company shares were issued.营运活动产生现金 RM11.2 million,购买产业、厂房及设备的现金支出为 RM25.1 million。年报将现金及现金等价物减少主要归因于购入新总部产业。偿还贷款 RM978,000,新提取贷款 RM135,000;偿还租赁负债 RM368,000 及租购款 RM301,000。公司就其股份支付股息 RM3.3 million,子公司另向非控股权益支付 RM711,000。公司没有发行新股。

Source: annual report 2025, pages 11, 63, 75.出处:2025 年年报第 11、63、75 页。

Across the years跨年合看

Cash and cash equivalents were RM42.3 million in 2023, RM72.7 million in 2024 and RM53.0 million in 2025. Loans and borrowings were RM2.1 million, RM3.2 million and RM1.9 million respectively. The IPO brought cash from share issuance in 2024; cash purchases of property, plant and equipment rose from RM2.6 million in 2024 to RM25.1 million in 2025.现金及现金等价物在 2023 年为 RM42.3 million,2024 年为 RM72.7 million,2025 年为 RM53.0 million。贷款与借款分别为 RM2.1 million、RM3.2 million 和 RM1.9 million。2024 年 IPO 带来股份发行现金;购买产业、厂房及设备的现金支出由 2024 年的 RM2.6 million 增至 2025 年的 RM25.1 million。

Source: annual report 2024, page 72; annual report 2025, page 75.出处:2024 年年报第 72 页;2025 年年报第 75 页。

Still to be spent尚待支出

At the end of 2025, unused IPO proceeds were RM13.8 million for business expansion, RM3.5 million for demonstration equipment and RM3.1 million for the technical support and maintenance team. Each category had a stated utilisation period of 36 months. The headquarters allocation of RM15.8 million had been fully used.2025 年底,尚未使用的 IPO 所得款项为:业务扩展 RM13.8 million、示范设备 RM3.5 million,以及技术支持与维修团队 RM3.1 million。这些类别列明的使用期限均为 36 个月。总部拨款 RM15.8 million 已全部使用。

Source: annual report 2025, pages 57, 115.出处:2025 年年报第 57、115 页。

Four years of figures四年数字

Group figures, in RM thousand (×1,000), as printed in the statements.集团数字,单位千令吉(×1,000),照财务报表所印。

Group集团202320242025
RM'000千令吉RM'000千令吉RM'000千令吉
Revenue营业额187,619182,987183,485
Profit before tax税前盈利26,46615,93618,405
Profit for the financial year年度盈利20,09612,00312,363
Net cash from operating activities营运活动所得现金净额26,804(4,881)11,209
Purchase of property, plant and equipment购买产业、厂房及设备(1,178)(2,579)(25,113)
Dividend paid by entities under common control共同控制下实体已付股息(15,434)(5,618)0
Dividend paid on shares股份已付股息–0(3,289)
Total assets总资产115,310155,336165,317
Loans and borrowings贷款与借款2,1013,1941,938
Cash and cash equivalents现金及现金等价物42,27872,70653,007
Total equity总权益60,572108,872116,498

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 2024 report allocated RM15.8 million of IPO proceeds to a new centralised headquarters, with utilisation within 36 months.2024 年报将 IPO 所得款项中的 RM15.8 million 拨作新集中总部用途,使用期限为 36 个月。The 2025 report records the property acquisition and full use of the headquarters allocation. Enhanced demonstration, training and technical support facilities remained described as planned.2025 年报记录了产业收购,以及总部拨款已全部使用。加强产品示范、培训与技术支持设施仍列为计划。

Source: annual report 2024, page 55; annual report 2025, pages 11, 57.出处:2024 年年报第 55 页;2025 年年报第 11、57 页。

Property acquired; facilities still planned产业已购入;设施仍属计划
The 2024 report said a new office in Ho Chi Minh, Vietnam, was being set up.2024 年报表示,正在越南 Ho Chi Minh 筹设新办公室。The 2025 report describes a physical presence in Vietnam and records the incorporation of the wholly-owned Crest Vietnam subsidiary on 23 July 2025.2025 年报说明集团已在越南设立实体据点,并记录全资子公司 Crest Vietnam 于 2025 年 7 月 23 日成立。

Source: annual report 2024, page 3; annual report 2025, pages 8, 117.出处:2024 年年报第 3 页;2025 年年报第 8、117 页。

Subsidiary incorporated子公司已成立
The 2024 report allocated RM5.9 million for additional demonstration equipment, with utilisation within 36 months.2024 年报拨出 RM5.9 million 购买额外示范设备,使用期限为 36 个月。By the end of 2025, RM2.4 million had been used and RM3.5 million remained. The report records the purchase of an electron microscope in addition to an X-ray imaging unit.截至 2025 年底,已使用 RM2.4 million,尚余 RM3.5 million。年报记录,除一台 X 射线成像设备外,还购买了一台电子显微镜。

Source: annual report 2024, page 55; annual report 2025, page 57.出处:2024 年年报第 55 页;2025 年年报第 57 页。

Equipment purchased; funds remain已购买设备;拨款尚有余额
The 2024 report allocated RM3.6 million to expand the technical support and maintenance team, with utilisation within 36 months.2024 年报拨出 RM3.6 million 扩充技术支持与维修团队,使用期限为 36 个月。The 2025 utilisation table records RM515,000 used and RM3.1 million remaining.2025 年款项使用表记录已使用 RM515,000,尚余 RM3.1 million。

Source: annual report 2024, page 55; annual report 2025, page 57.出处:2024 年年报第 55 页;2025 年年报第 57 页。

Funds partly used拨款已使用一部分
The 2024 report planned community outreach initiatives, including donations.2024 年报计划开展社区活动,包括捐款。The 2025 report records approximately RM15,075 donated to an education trust fund and an orphanage.2025 年报记录,向一个教育信托基金和一家孤儿院捐款约 RM15,075。

Source: annual report 2024, page 28; annual report 2025, page 27.出处:2024 年年报第 28 页;2025 年年报第 27 页。

Carried out已执行

What the reports leave open年报留下待看的事

  • The headquarters property has been acquired, while the 2025 report still describes enhanced demonstration, training and technical support facilities as planned.总部产业已购入,但 2025 年报仍将加强产品示范、培训与技术支持设施列为计划。

    Source: annual report 2025, page 11.出处:2025 年年报第 11 页。

  • Business expansion still had RM13.8 million of unused IPO proceeds at the end of 2025. Demonstration equipment and the technical support and maintenance team also had unused allocations.2025 年底,业务扩展仍有 RM13.8 million 的 IPO 所得款项尚未使用。示范设备及技术支持与维修团队的拨款也有余额。

    Source: annual report 2025, page 57.出处:2025 年年报第 57 页。

  • Trade receivables remain subject to collection and impairment estimates. The auditors focused on the assumptions about default risk.贸易应收款项仍涉及收款与减值估计。审计师关注违约风险的估计假设。

    Source: annual report 2025, pages 95, 124.出处:2025 年年报第 95、124 页。

  • The group reviewed employee turnover, particularly in Sales and Service, and initiated a review of its Employee Value Proposition. Employee engagement and leadership development initiatives were being implemented.集团检视了员工流失情况,特别是销售与服务部门,并开始检讨员工价值主张。当时也正在推行员工参与及领导力发展措施。

    Source: annual report 2025, page 26.出处:2025 年年报第 26 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。