DailySpaceCropmate Berhad
0331 · ACE Market创业板（ACE Market） · annual reports 2024 to 2025, 887 entries read2024 至 2025 年报，共读出 887 条
The company这家公司
Cropmate formulates and blends compacted, blended and specialty fertilisers, and trades straight fertilisers. Its annual production capacity is 150,000 tonnes for compacted and semi-organic fertilisers and 64,000 tonnes for blended and organic fertilisers.Cropmate 配制和混合压实肥料、混合肥料及特种肥料，也买卖单质肥料。压实及半有机肥料的年产能为 150,000 吨，混合及有机肥料的年产能为 64,000 吨。
Source: annual report 2024, page 3; annual report 2025, page 24.出处：2024 年年报第 3 页；2025 年年报第 24 页。
In 2024, formulation and blending brought RM114.8 million of revenue, or 71.5% of the total. In 2025, Malaysia contributed 97.1% of revenue. Sales to one customer were RM17.6 million.2024 年，配制和混合业务贡献营业额 RM114.8 million，占总额 71.5%。2025 年，马来西亚占营业额 97.1%。向一名客户的销售额为 RM17.6 million。
Source: annual report 2024, pages 25, 29; annual report 2025, pages 20, 21, 156.出处：2024 年年报第 25、29 页；2025 年年报第 20、21、156 页。
The 2025 shareholding list shows 220,401,400 shares, or 29.864%, in AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD.'s pledged securities account for LEE CHIN YOK. It also lists LEE CHENG SENG with 102,893,600 shares, or 13.942%, and LEE CHENG FEI with 100,600,000 shares, or 13.631%.2025 年股东名单列明，AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD. 为 LEE CHIN YOK 持有的抵押证券账户有 220,401,400 股，占 29.864%。名单也列明 LEE CHENG SENG 持有 102,893,600 股，占 13.942%；LEE CHENG FEI 持有 100,600,000 股，占 13.631%。
Source: annual report 2025, page 178.出处：2025 年年报第 178 页。
Other pledged securities accounts in the 2025 list include CGS INTERNATIONAL NOMINEES MALAYSIA (TEMPATAN) SDN. BHD. for GAN CHIN BOON, with 12,300,000 shares (1.666%), and for NG GEOK WAH, with 6,500,000 shares (0.880%). MAYBANK NOMINEES (TEMPATAN) SDN BHD's pledged account for IAN SIAH JUN REN holds 2,530,000 shares (0.342%).2025 年名单中的其他抵押证券账户包括 CGS INTERNATIONAL NOMINEES MALAYSIA (TEMPATAN) SDN. BHD. 为 GAN CHIN BOON 持有的 12,300,000 股（1.666%），以及为 NG GEOK WAH 持有的 6,500,000 股（0.880%）。MAYBANK NOMINEES (TEMPATAN) SDN BHD 为 IAN SIAH JUN REN 持有的抵押账户有 2,530,000 股（0.342%）。
Source: annual report 2025, page 178.出处：2025 年年报第 178 页。
Lee Chin Yok is the Managing Director and joined the Board on 11 September 2023. Non-Independent Executive Directors Lee Cheng Seng and Lee Cheng Fei were appointed on 1 October 2023. Lau Yoon Kwai was appointed Independent Non-Executive Chairman on 1 October 2023.Lee Chin Yok 是董事经理，于 2023 年 9 月 11 日加入董事会。非独立执行董事 Lee Cheng Seng 和 Lee Cheng Fei 于 2023 年 10 月 1 日获委任。Lau Yoon Kwai 于 2023 年 10 月 1 日获委任为独立非执行主席。
Source: annual report 2025, pages 9, 10, 11, 12.出处：2025 年年报第 9、10、11、12 页。
Revenue by activity, 20242024 年各业务营业额
Source: annual report 2024, page 25.出处：2024 年年报第 25 页。
Domestic and export revenue, 20252025 年国内与出口营业额
Source: annual report 2025, page 21.出处：2025 年年报第 21 页。
Major events大事记
Source: annual report 2024, pages 21, 150.出处：2024 年年报第 21、150 页。
Source: annual report 2024, pages 21, 92.出处：2024 年年报第 21、92 页。
Source: annual report 2025, page 8.出处：2025 年年报第 8 页。
Source: annual report 2025, page 173.出处：2025 年年报第 173 页。
Source: annual report 2025, pages 141, 142.出处：2025 年年报第 141、142 页。
Source: annual report 2025, page 172.出处：2025 年年报第 172 页。
Source: annual report 2025, page 173.出处：2025 年年报第 173 页。
Source: annual report 2025, page 127.出处：2025 年年报第 127 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Assets, equity and borrowings资产、权益与借款
20242024 年
Operations generated RM14.2 million. The group received RM40.1 million from issuing shares and drew RM1.4 million of borrowings. It repaid RM12.6 million of borrowings and RM202,000 of lease liabilities, paid RM4.0 million in dividends and spent RM807,000 on plant and equipment. Cash and cash equivalents ended the year at RM46.2 million.营运活动产生 RM14.2 million。集团发行股份所得款项为 RM40.1 million，并提取借款 RM1.4 million。集团偿还借款 RM12.6 million 及租赁负债 RM202,000，支付股息 RM4.0 million，并花费 RM807,000 购买厂房与设备。年末现金与现金等价物为 RM46.2 million。
Source: annual report 2024, pages 103, 106.出处：2024 年年报第 103、106 页。
20252025 年
Operations generated RM3.4 million. Cash spending on property, plant and equipment was RM24.6 million, and investment securities took RM9.5 million. The group received RM1.1 million in dividend income. It repaid RM2.6 million of borrowings and RM1.3 million of lease liabilities, and paid RM3.7 million in dividends. No shares were issued during the year. Cash and cash equivalents ended at RM20.4 million.营运活动产生 RM3.4 million。产业、厂房与设备的现金支出为 RM24.6 million，投资证券支出为 RM9.5 million。集团股息收入为 RM1.1 million。集团偿还借款 RM2.6 million 及租赁负债 RM1.3 million，并支付股息 RM3.7 million。年内没有发行股份。年末现金与现金等价物为 RM20.4 million。
Source: annual report 2025, pages 110, 124.出处：2025 年年报第 110、124 页。
Across the years各年合看
Revenue rose from RM151.5 million in 2023 to RM196.5 million in 2025, and profit for the year rose from RM10.1 million to RM14.7 million. Operating cash rose in 2024 and fell in 2025. Total borrowings fell from RM33.2 million in 2023 to RM19.0 million in 2025. The 2024 report states that its group comparative figures were unaudited because the group did not exist in the previous financial year.营业额由 2023 年的 RM151.5 million 升至 2025 年的 RM196.5 million，年度盈利由 RM10.1 million 升至 RM14.7 million。营运现金在 2024 年增加，在 2025 年减少。总借款由 2023 年的 RM33.2 million 降至 2025 年的 RM19.0 million。2024 年报说明，集团比较数字未经审计，因为集团在上一财政年度尚未成立。
Source: annual report 2024, page 146.出处：2024 年年报第 146 页。
Still to be spent尚待支出
Approved and contracted commitments for property, plant and equipment were RM7.9 million at the end of 2025. At 31 March 2026, RM2.8 million of IPO proceeds had been used for capital expenditure, including the process control system, conveyor belt system, vehicles and R&D and test laboratory. The proceeds table leaves RM407,000 for capital expenditure, with use scheduled within 18 months of listing.2025 年末，已批准并签约的产业、厂房与设备承诺为 RM7.9 million。截至 2026 年 3 月 31 日，已有 RM2.8 million 的首次公开募股所得款项用于资本支出，包括流程控制系统、输送带系统、车辆及研发与测试实验室。所得款项使用表列明，资本支出尚余 RM407,000，计划在上市后 18 个月内使用。
Source: annual report 2025, pages 7, 169, 172.出处：2025 年年报第 7、169、172 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 | 2023 | 2024 | 2025 |
|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 151,547 | 160,668 | 196,541 |
| Profit before taxation税前盈利 | 13,384 | 16,046 | 19,579 |
| Profit for the financial year本财政年度盈利 | 10,054 | 11,867 | 14,650 |
| Net cash from operating activities营运活动所得现金净额 | 12,392 | 14,183 | 3,397 |
| Purchase of property, plant and equipment购买产业、厂房与设备 | (2,592) | (807) | (24,647) |
| Dividends paid已付股息 | (4,000) | (4,000) | (3,690) |
| Total assets总资产 | 80,949 | 124,058 | 134,935 |
| Total borrowings总借款 | 33,172 | 21,794 | 18,963 |
| Cash and cash equivalents现金与现金等价物 | 8,007 | 46,151 | 20,381 |
| Total equity总权益 | 37,070 | 85,080 | 96,040 |
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 said an in-house R&D and test laboratory would be established.2024 年报表示将设立内部研发与测试实验室。 | The 2025 report states that the laboratory has been established.2025 年报表示实验室已经设立。 Source: annual report 2024, page 30; annual report 2025, page 24.出处：2024 年年报第 30 页；2025 年年报第 24 页。 | Established已设立 |
| The 2024 report said investment in a Process Control System would automate production processes.2024 年报表示，投资流程控制系统将使生产流程自动化。 | At 31 March 2026, the company reported RM2.8 million of IPO capital expenditure covering installation of a process control system and conveyor belt system, vehicles and the laboratory.截至 2026 年 3 月 31 日，公司报告已使用 RM2.8 million 的首次公开募股所得款项作资本支出，涵盖安装流程控制系统及输送带系统、购买车辆和设立实验室。 Source: annual report 2024, page 8; annual report 2025, page 7.出处：2024 年年报第 8 页；2025 年年报第 7 页。 | Spending reported已报告支出 |
| The 2024 report allocated RM16.7 million of IPO proceeds to part finance Factory Lots 8949 and 8950, for use within 12 months of listing.2024 年报分配 RM16.7 million 的首次公开募股所得款项，用于支付 Factory Lots 8949 和 8950 的部分购买价款，使用期限为上市后 12 个月。 | The period was extended to 18 months. Factory Lot 8949 was acquired on 9 September 2025 and Factory Lot 8950 on 13 February 2026. The 2025 report shows the factory allocation fully used.使用期限延长至 18 个月。Factory Lot 8949 于 2025 年 9 月 9 日完成收购，Factory Lot 8950 于 2026 年 2 月 13 日完成收购。2025 年报显示，购买厂房的拨款已全部使用。 Source: annual report 2024, page 149; annual report 2025, pages 172, 173.出处：2024 年年报第 149 页；2025 年年报第 172、173 页。 | Timeframe extended; purchases completed期限延长；购买交易已完成 |
| The 2024 report proposed a final dividend of 0.5 sen per share, subject to shareholder approval, with payment scheduled for 26 June 2025.2024 年报建议派发每股 0.5 仙的终期股息，须获股东批准，计划于 2025 年 6 月 26 日支付。 | The 2025 report confirms payment on 26 June 2025, amounting to RM3.7 million.2025 年报确认股息已于 2025 年 6 月 26 日支付，总额为 RM3.7 million。 Source: annual report 2024, page 156; annual report 2025, page 8.出处：2024 年年报第 156 页；2025 年年报第 8 页。 | Paid on the stated date已按所述日期支付 |
What the reports leave open年报留下待看的事
- The release of the frozen bank accounts and the group's ability to maintain liquidity remain open. The 2025 financial statements identify a material uncertainty that may cast significant doubt on the group and company's ability to continue as a going concern. The directors nevertheless considered preparation on a going concern basis appropriate.被冻结银行账户的解冻，以及集团维持流动资金的能力，仍待解决。2025 年财务报表指出，存在可能对集团及公司持续经营能力构成重大疑虑的重大不确定性。董事仍认为按持续经营基础编制财务报表适当。
Source: annual report 2025, pages 127, 128.出处：2025 年年报第 127、128 页。
- The 2025 report describes planned expansion into East Malaysia and the introduction of controlled-release fertiliser. These remain plans in that report.2025 年报提到计划拓展东马市场，并推出控释肥料。这些在该年报中仍属计划。
Source: annual report 2025, page 8.出处：2025 年年报第 8 页。
- The proposed final dividend for 2025 is 0.6 sen per share, subject to shareholder approval. The notice schedules payment for 24 July 2026 if approved.2025 年建议终期股息为每股 0.6 仙，须获股东批准。通告列明，如获批准，将于 2026 年 7 月 24 日支付。
Source: annual report 2025, pages 8, 180.出处：2025 年年报第 8、180 页。
- Collection of concentrated receivables remains a point to follow: five trade receivables accounted for RM8.5 million, or 39% of total trade receivables, at the end of 2025.应收账款集中的回收情况仍待跟进：2025 年末，五笔贸易应收账款合计 RM8.5 million，占贸易应收账款总额 39%。
Source: annual report 2025, page 159.出处：2025 年年报第 159 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。