DailySpaceNortheast Group Berhad
0325 · ACE Market创业板（ACE Market） · annual reports 2025 to 2025, 143 entries read2025 至 2025 年报，共读出 143 条
The company这家公司
Northeast Group Berhad was listed on the ACE Market of Bursa Malaysia Securities Berhad on 15 October 2024 following an initial public offering that raised gross proceeds of RM84,494,500. The group operates fully utilised factory space and provides surface finishing services including plating and anodising.Northeast Group Berhad 于 2024 年 10 月 15 日进行首次公开募股筹集 RM84,494,500 总收益后在马来西亚证券交易所创业板上市。集团运营充分利用的厂房空间，并提供包括电镀和阳极氧化在内的表面处理增值服务。
Sources (4)出处（4）
A significant corporate milestone was the successful Initial Public Offering (“IPO”) of Northeast on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”), which took place on 15 October 2024.
Currently, the production floor space in these factories is fully utilised.
After the relocation, Factory 1 will be repurposed to expand our value-added surface finishing services, including plating and anodising, following the completion of the construction of the Revised New Factory.
As part of the listing exercise, the Company undertook a public issue of 168,989,000 new ordinary shares at an issue price of RM0.50 per share, raising gross proceeds of RM84,494,500.
In FYE 2025, photonics accounted for 40.84% of revenue, E&E 21.34%, semiconductor 19.56%, telecommunication 13.50% and optoelectronics 4.76%. Overseas markets generated RM83.36 million or 69.69% of revenue, while local market generated RM36.26 million or 30.31%, led by USA at 33.30%, UK at 17.19% and Thailand at 9.33%. Customer A group of companies contributed RM33,440,640.2025 财年，光子学占营业额 40.84%，电气与电子占 21.34%，半导体占 19.56%，电讯占 13.50%，光电子占 4.76%。海外市场贡献 RM83.36 million 或 69.69% 的营业额，本地市场贡献 RM36.26 million 或 30.31%，其中美国占 33.30%、英国占 17.19%、泰国占 9.33%。A 客户集团贡献了 RM33,440,640。
Sources (10)出处（10）
Our revenue profile reflects our strong international presence, where overseas market accounted for approximately RM83.36 million or 69.69% of our revenue for FYE 2025 (RM63.97 million or 70.97% of our revenue for FYE 2024), while the remaining RM36.26 million or 30.31% was generated from local mark
USA 30,592 32.78 23,074 25.60 39,833 33.30
UK 13,515 14.48 19,215 21.31 20,559 17.19
Thailand 6,485 6.95 7,583 8.41 11,163 9.33
Photonics 42,611 45.65 33,417 37.07 48,848 40.84
E&E 17,440 18.69 21,399 23.74 25,531 21.34
Semiconductor 14,724 15.78 16,940 18.79 23,397 19.56
Telecommunication 13,492 14.45 12,555 13.93 16,156 13.50
Optoelectronics 5,068 5.43 5,832 6.47 5,688 4.76
Customer A group of companies 33,440,640 19,850,281
Mountain Range Sdn. Bhd. is the ultimate holding company, holding 397,321,608 shares or 53.69%. Managing Director Ng Chay Chin holds 41,745,300 direct shares (5.64%) and Executive Director Chong Ewe Hean holds 25,900,000 direct shares (3.50%), and both are deemed interested in the 53.69% held by Mountain Range Sdn. Bhd. Tan Yat Kiang holds 3,968,700 shares (0.54%) in Pledged Securities Account for Tan Yat Kiang and Wong Chee Kuan holds 2,412,800 shares (0.33%) in Pledged Securities Account for Wong Chee Kuan.Mountain Range Sdn. Bhd. 为最终控股公司，持有 397,321,608 股或 53.69%。董事总经理 Ng Chay Chin 直接持有 41,745,300 股（5.64%），执行董事 Chong Ewe Hean 直接持有 25,900,000 股（3.50%），两人皆被视为在 Mountain Range Sdn. Bhd. 持有的 53.69% 股份中拥有权益。Tan Yat Kiang 在其抵押证券账户中持有 3,968,700 股（0.54%），Wong Chee Kuan 在其抵押证券账户中持有 2,412,800 股（0.33%）。
Sources (10)出处（10）
Ng Chay Chin 37,000,000 12,145,300 (7,400,000) 41,745,300
Chong Ewe Hean 29,600,000 0 (3,700,000) 25,900,000
The Directors regard Mountain Range Sdn. Bhd., a company incorporated in Malaysia as the holding and ultimate holding company.
Mountain Range Sdn. Bhd. 397,321,608 53.69 - -
Ng Chay Chin 41,745,300 5.64 397,321,608* 53.69
Chong Ewe Hean 25,900,000 3.50 397,321,608* 53.69
1. Mountain Range Sdn. Bhd. 397,321,608 53.69
2. Ng Chay Chin 41,745,300 5.64
3,968,700 0.54 Pledged Securities Account for Tan Yat Kiang (MY1469)
2,412,800 0.33 Pledged Securities Account for Wong Chee Kuan (MY3341)
Ng Chai Hee, who is the brother of Ng Chay Chin, serves on the board. Following the demise of Ong Guat Ean on 1 January 2026, women representation on the Board became 1 out of 7 directors (12.5%), and two newly appointed Executive Directors are scheduled to undergo required training.Ng Chai Hee 为 Ng Chay Chin 的兄弟，同为董事会成员。在 Ong Guat Ean 于 2026 年 1 月 1 日逝世后，董事会的女性代表变为 7 名董事中的 1 名（12.5%），两名新委任的执行董事预定将接受规定的培训。
Sources (4)出处（4）
save for Ng Chai Hee, who is the brother of Ng Chay Chin;
Following from this and the demise of Ong Guat Ean, women representation on the Board is now 1 out of 7 directors, representing 12.5%.
As at the date of this report, following to the demise of Ong Guat Ean on 1 January 2026, the members of the ARMC are as follow:
The two (2) newly appointed Executive Directors are scheduled to undergo the required training within the timeframe stipulated by the Listing Requirements.
Revenue by industry segment, 20252025 年各行业分部营业额占比
Sources (5)出处（5）
Photonics 42,611 45.65 33,417 37.07 48,848 40.84
E&E 17,440 18.69 21,399 23.74 25,531 21.34
Semiconductor 14,724 15.78 16,940 18.79 23,397 19.56
Telecommunication 13,492 14.45 12,555 13.93 16,156 13.50
Optoelectronics 5,068 5.43 5,832 6.47 5,688 4.76
Major events大事记
Sources (2)出处（2）
A significant corporate milestone was the successful Initial Public Offering (“IPO”) of Northeast on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”), which took place on 15 October 2024.
As part of the listing exercise, the Company undertook a public issue of 168,989,000 new ordinary shares at an issue price of RM0.50 per share, raising gross proceeds of RM84,494,500.
Sources (2)出处（2）
2025 • Acquired two lands which are adjacent to Factory 1 for additional warehousing and storage space as well as to expand production capacity.
To mitigate these delays, the Group had subsequently acquired two lands adjacent to Factory 1.
Sources (1)出处（1）
On 16 January 2025, the Group received planning permission and building plan approval for the New Factory from Majlis Bandaraya Seberang Perai (“MBSP”).
Sources (1)出处（1）
(ii) On 7 March 2025, the Company announced that the Board has deliberated and resolved to vary and extend the time frame for utilisation of RM20.00 million from the unutilised IPO proceeds and extend the time frame to utilise the balance of RM20.00 million for the construction of the revised New Fa
Revenue, profit and operating cash营业额、盈利与营运现金
Assets, borrowings and cash资产、借款与现金
20252025 年
In FYE 2025, the company completed its initial public offering raising gross proceeds of RM84,494,500. Net cash generated from operating activities was RM33,219,973 and purchase of property, plant and equipment was RM14,103,218. The group used IPO proceeds to repay term loans, reducing total borrowings from RM35,561,063 to RM12,639,970 and lowering gearing ratio to 0.05 times, while holding RM54.06 million in a fixed income trust fund as of 30 September 2025. No dividend was recommended or paid for the year.2025 财年，公司完成首次公开募股，筹集总收益 RM84,494,500。营运活动所得现金净额为 RM33,219,973，购置物业、厂房及设备为 RM14,103,218。集团使用首次公开募股所得款项偿还定期贷款，将总借款从 RM35,561,063 降至 RM12,639,970，净负债率降至 0.05 倍，截至 2025 年 9 月 30 日持有固定收益信托基金 RM54.06 million。本年度未建议或派发股息。
Sources (6)出处（6）
Additionally, the Group held RM54.06 million in fixed income trust fund in Malaysia as of 30 September 2025 following the successful completion of our Initial Public Offering (IPO) in October 2024.
Further, our gearing ratio decreased to 0.05 times (FYE 2024: 0.24 times) mainly due to repayment of term loans using our IPO proceeds as well as increase in total equity as a result of higher net profit achieved for FYE 2025.
For FYE 2024 and FYE 2025, our Group did not declare any dividend.
As part of the listing exercise, the Company undertook a public issue of 168,989,000 new ordinary shares at an issue price of RM0.50 per share, raising gross proceeds of RM84,494,500.
The Directors do not recommend any payment of dividend for the current financial year.
Term loans 12,639,970 35,561,063
Across the year本年度
Revenue rose from RM90,143,162 to RM119,620,241 and profit before tax increased from RM19,064,025 to RM26,573,056. The profit increase was driven by higher revenue and income including fair value adjustments on money market funds of RM1.39 million, fixed deposit interest of RM1.00 million and unrealised foreign exchange gain of RM3.97 million, offset by listing fees of RM3.69 million and trade receivable impairment of RM1.53 million. Property, plant and equipment of RM36,762,260 (2024: RM39,024,392) and leasehold land of RM18,371,640 (2024: RM11,257,676) were charged to financial institutions.营业额从 RM90,143,162 增至 RM119,620,241，税前盈利从 RM19,064,025 增至 RM26,573,056。盈利增加主要是由较高营业额及其他营运收入推动，其中包括货币市场基金公允价值调整 RM1.39 million、定期存款利息 RM1.00 million 及未实现外汇收益 RM3.97 million，但被上市专业费用 RM3.69 million 和贸易应收款项减值 RM1.53 million 所部分抵销。账面值 RM36,762,260 的物业、厂房及设备（2024 年：RM39,024,392）与 RM18,371,640 的租赁土地（2024 年：RM11,257,676）已抵押给金融机构。
Sources (5)出处（5）
The increase in PBT was mainly due to higher revenue and higher other operating income, including year-on-year increase in fair value adjustments on investment from IPO proceeds placed in money market funds amounting to RM1.39 million, fixed deposit interest of RM1.00 million and scrap sales of RM0.
The Group also recorded a favourable unrealised foreign exchange gain of RM3.97 million.
These were partially offset by higher impairment loss on trade receivables of RM1.53 million, one-off listing-related professional fees of RM3.69 million and increased selling and distribution expenses of RM0.62 million.
36,762,260 39,024,392
(d) As at the end of the reporting period, leasehold land with carrying amount of RM18,371,640 (2024: RM11,257,676) have been charged to financial institutions for banking facilities granted to the Group as disclosed in Note 14(c) to the financial statements.
Still to be spent尚未支出的承诺
At year end, unutilised IPO proceeds stood at RM34,568 thousand out of RM84,494 thousand raised, including RM19,654 thousand for the New Factory construction, RM9,677 thousand for new CNC machines and RM5,237 thousand for a warehouse. The construction cost of the Revised New Factory is estimated at RM22.80 million, with RM20.00 million to be funded from IPO proceeds. Capital commitments for property, plant and equipment were RM6,950,152 contracted for (2024: RM1,584,900) and RM40,162,500 approved but not contracted for (2024: RM62,778,000).截至年底，首次公开募股尚未使用的所得款项为 RM34,568 thousand（总筹集 RM84,494 thousand），其中包括用于新厂房建设的 RM19,654 thousand、购置新 CNC 数控机床的 RM9,677 thousand 以及建设仓库的 RM5,237 thousand。修改后的新厂房建设成本估计为 RM22.80 million，其中 RM20.00 million 将由 IPO 所得款项资助。物业、厂房及设备的资本承诺中，已签约为 RM6,950,152（2024 年：RM1,584,900），已批准但未签约为 RM40,162,500（2024 年：RM62,778,000）。
Sources (7)出处（7）
Following the acquisitions, we have revised the New Factory to a 4-storey factory with a 1-storey sub-basement (“Revised New Factory”) and the construction cost of the Revised New Factory is estimated to be RM22.80 million, of which RM20.00 million will be funded from the IPO proceeds.
Construction of the New Factory 40,000 (20,000) 20,000 346 19,654 Within 36 months
Partially fund the construction of a warehouse for Property I - 5,282 5,282 45 5,237 - (iv)Within 36 months
Purchase of new CNC machines 12,378 - 12,378 2,701 9,677 Within 36 months
Total 84,494 - 84,494 49,926 34,568
- approved but not contracted for 40,162,500 62,778,000
- contracted for but not provided for 6,950,152 1,584,900
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 |
|---|---|---|
| RM令吉 | RM令吉 | |
| Revenue营业额 | 90,143,162 | 119,620,241 |
| Profit before taxation税前盈利 | 19,064,025 | 26,573,056 |
| Profit for the financial year净盈利 | 957,104 | 20,539,079 |
| Net cash generated from operating activities营运活动所得现金净额 | 27,909,563 | 33,219,973 |
| Purchase of property, plant and equipment购置物业、厂房及设备 | 12,155,251 | 14,103,218 |
| Borrowings借款 | 35,561,063 | 12,639,970 |
| Cash and bank balances现金与银行结余 | 87,056,893 | 99,164,004 |
| Total assets总资产 | 206,997,257 | 294,919,355 |
| Total liabilities总负债 | 50,509,522 | 35,810,897 |
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
Only one annual report has been read so far, so there is no later report to check its plans against.目前只读了一份年报，还没有之后的年报可以对照它的计划。
What the reports leave open年报留下待看的事
- The construction of the Revised New Factory is estimated to cost RM22.80 million, with construction expected to commence in the fourth quarter of 2026 and operations targeted to begin in the third quarter of 2029 following an anticipated 20-month delay.修改后的新厂房建设预计成本为 RM22.80 million，在预计延迟 20 个月后，建造预定于 2026 年第四季度动工，运营目标于 2029 年第三季度开始。
Sources (3)出处（3）
As a result, the Group anticipates a 20-month delay on the construction of the New Factory.
Following the acquisitions, we have revised the New Factory to a 4-storey factory with a 1-storey sub-basement (“Revised New Factory”) and the construction cost of the Revised New Factory is estimated to be RM22.80 million, of which RM20.00 million will be funded from the IPO proceeds.
The construction of the Revised New Factory is expected to commence in the fourth quarter of 2026, with operations targeted to begin in the third quarter of 2029.
- Plans to purchase 36 units of new CNC machines funded through IPO proceeds to expand production capacity.计划使用首次公开募股所得款项购买 36 台新 CNC 数控机床以扩大生产能力。
Sources (2)出处（2）
In line with our production capacity expansion, we plan to purchase 36 units of new CNC machines, including CNC milling, CNC turning, CNC turn-mill, CNC automatic lathe, and CNC indexer machines.
The purchase of these machines will be funded through the IPO proceeds.
- Trade receivables stood at RM22,730,745 net of impairment losses of RM3,490,667 at 30 September 2025, with 35% of trade receivables due from three major customers.截至 2025 年 9 月 30 日，扣除 RM3,490,667 减值亏损后，贸易应收款项为 RM22,730,745，其中 35% 来自三大主要客户。
Sources (2)出处（2）
As at 30 September 2025, the Group had trade receivables amounted to RM22,730,745, which were net of impairment losses of RM3,490,667.
- 35% (2024: 13%) of the trade receivables of the Group were due from three (3) (2024: one (1)) major customers.
- Filling the Board vacancy following the demise of Ong Guat Ean within three months to comply with listing requirements, where female representation currently stands at 1 out of 7 directors (12.5%).在 Ong Guat Ean 逝世后三个月内填补董事会空缺以符合上市规定，目前女性代表占 7 名董事中的 1 名（12.5%）。
Sources (2)出处（2）
Following from this and the demise of Ong Guat Ean, women representation on the Board is now 1 out of 7 directors, representing 12.5%.
In the event of any vacancy in the Board resulting in non-compliance with Rule 15.02 (1) of the AMLR, the Company must fill the vacancy within three (3) months.
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-11.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 2026-10-11。