DailySpaceCarlo Rino Group Berhad
0335 · ACE Market创业板（ACE Market） · annual reports 2025 to 2025, 232 entries read2025 至 2025 年报，共读出 232 条
The company这家公司
Carlo Rino Group Berhad is involved in fashion retail operations under the CARLO RINO brand, as well as property development, property investment, investment holdings of securities, and provision of management services. At the end of the financial year, the group operated 41 standalone boutiques and 83 departmental store counters across the nation.Carlo Rino Group Berhad 以 CARLO RINO 品牌经营时尚零售核心业务，同时涉足房地产开发、房地产投资、证券投资控股以及提供管理服务。截至财政年末，该集团在全国经营 41 间独立精品专卖店及 83 个百货专柜。
Source: annual report 2025, pages 6, 33.出处：2025 年年报第 6、33 页。
In financial year 2025, boutiques accounted for 51.0% of total revenue, departmental store counters contributed 30.9%, and e-commerce contributed 18.1%. Group business activities are predominantly located in Malaysia, and no customer contributed more than 10% of total revenue.在 2025 财政年，精品专卖店占总营业额的 51.0%，百货专柜占 30.9%，电子商务占 18.1%。集团业务主要位于马来西亚，且没有单一客户贡献超过总营业额的 10%。
Source: annual report 2025, pages 35, 98.出处：2025 年年报第 35、98 页。
The company transferred its listing from the LEAP Market to the ACE Market of Bursa Securities on 18 December 2024. In conjunction with the listing transfer and initial public offering, the company issued 171,865,700 new ordinary shares at an issue price of RM0.27 per ordinary share, raising gross proceeds of RM46.4 million.公司于 2024 年 12 月 18 日将其上市地位由 LEAP 市场转至大马交易所创业板。配合转板上市及首次公开募股，公司以每股 RM0.27 的发行价发行了 171,865,700 股新普通股，募集总额 RM46.4 million 的资金。
Source: annual report 2025, pages 32, 39, 77, 81.出处：2025 年年报第 32、39、77、81 页。
Four shareholders hold 5% or more of issued shares, totaling 65.22%. Dato' Sri Chiang Fong Yee holds 271,571,848 shares (27.78%), Bonia Holdings Sdn. Bhd. holds 202,875,868 shares (20.75%), Freeway Team Sdn. Bhd. holds 111,041,200 shares (11.36%), and Chiang Sang Sem holds 54,029,700 shares (5.53%) directly with a deemed interest of 358,361,904 shares (36.66%) through Bonia Holdings Sdn. Bhd., Freeway Team Sdn. Bhd., Kontrak Kosmomaz Sdn. Bhd., and Able Wealth Assets Ltd.四名股东持有 5% 或以上股份，合计占 65.22%。Dato' Sri Chiang Fong Yee 持有 271,571,848 股（27.78%），Bonia Holdings Sdn. Bhd. 持有 202,875,868 股（20.75%），Freeway Team Sdn. Bhd. 持有 111,041,200 股（11.36%），Chiang Sang Sem 直接持有 54,029,700 股（5.53%），并通过 Bonia Holdings Sdn. Bhd.、Freeway Team Sdn. Bhd.、Kontrak Kosmomaz Sdn. Bhd. 及 Able Wealth Assets Ltd 视同持有 358,361,904 股（36.66%）。
Source: annual report 2025, page 161.出处：2025 年年报第 161 页。
Dato' Sri Chiang Fong Yee is the eldest son of substantial shareholder Chiang Sang Sem. On 1 January 2025, an Executive Director was appointed and a director resigned. The group paid fees of RM165,560 under a licensing agreement for trademark rights to Bonia International Holdings Pte. Ltd., a company in which a substantial shareholder has substantial financial interests.Dato' Sri Chiang Fong Yee 是主要股东 Chiang Sang Sem 的长子。2025 年 1 月 1 日，一名执行董事获委任，且一名董事辞职。集团根据商标权许可协议向 Bonia International Holdings Pte. Ltd. 支付了 RM165,560 的费用，该关联公司由公司主要股东拥有重大财务利益。
Source: annual report 2025, pages 27, 58, 77, 141.出处：2025 年年报第 27、58、77、141 页。
Revenue by distribution channel, 20252025 年各销售渠道营业额占比
Source: annual report 2025, page 35.出处：2025 年年报第 35 页。
Major events大事记
Source: annual report 2025, page 116.出处：2025 年年报第 116 页。
Source: annual report 2025, page 116.出处：2025 年年报第 116 页。
Source: annual report 2025, pages 77, 81.出处：2025 年年报第 77、81 页。
Source: annual report 2025, pages 58, 77.出处：2025 年年报第 58、77 页。
Source: annual report 2025, page 81.出处：2025 年年报第 81 页。
Source: annual report 2025, page 140.出处：2025 年年报第 140 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
Cash and short term funds现金与短期基金
20252025 年
In financial year 2025, operating activities generated net cash of RM17,509,869. The company raised RM46,403,739 from the issuance of ordinary shares in its initial public offering, while share issuance expenses used RM962,207. Net placement of short-term funds took RM27,490,441. RM4,222,856 was paid for property, plant and equipment, and the report says a property acquisition in Melaka amounting to RM2.6 million was completed. Financing cash flows included RM8,428,871 paid for lease liabilities, RM2,074,116 of term loan repayments against RM890,369 drawn down, and dividends paid of RM8,915,843. A fair value loss of RM4,766,580 was recognized in other comprehensive income on other investment in Carzo Holding Berhad, which ceased principal activities.2025 财政年，营运活动产生现金净额 RM17,509,869。公司通过首次公开募股发行普通股募集 RM46,403,739，股票发行费用支出 RM962,207。短期基金净存放支出 RM27,490,441。购买物业、厂房及设备支付 RM4,222,856，年报称已完成收购位于马六甲、金额 RM2.6 million 的一处房产。融资现金流包括偿还租赁负债 RM8,428,871、偿还定期贷款 RM2,074,116 与提取定期贷款 RM890,369，以及支付股息 RM8,915,843。此外，集团在其他全面收益中对 Carzo Holding Berhad 的其他投资确认了 RM4,766,580 的公允价值亏损，该公司已停止主要业务活动。
Source: annual report 2025, pages 36, 90, 94, 148.出处：2025 年年报第 36、90、94、148 页。
At year end年末状况
At 30 June 2025, cash and bank balances stood at RM61,633,027 and short term funds stood at RM36,608,696. Total borrowings were RM6,315,715, and total lease liabilities were RM21,894,952. Gearing was 0.04 times. The group maintains a dividend policy to distribute not less than 30% of consolidated profit after taxation attributable to shareholders. On 25 August 2025, the company declared a first interim dividend of RM0.005 per share amounting to approximately RM4.89 million for financial year 2026, paid on 25 September 2025.截至 2025 年 6 月 30 日，现金及银行结余为 RM61,633,027，短期基金为 RM36,608,696。借款总额为 RM6,315,715；租赁负债合计 RM21,894,952。负债比率为 0.04 倍。集团维持分派不少于归属于股东综合税后利润 30% 的股息政策。2025 年 8 月 25 日，公司为 2026 财政年宣布派发每股 RM0.005 的第一次中期股息，总额约为 RM4.89 million，已于 2025 年 9 月 25 日支付。
Source: annual report 2025, pages 38, 110, 126, 127, 129, 140, 142.出处：2025 年年报第 38、110、126、127、129、140、142 页。
Still to be spent尚未支出的承诺
Out of RM46.4 million raised from the initial public offering, RM27.8 million remained unutilised, including RM14.9 million for the construction and fitting out of a flagship boutique and facilities, RM3.1 million for refurbishment of boutiques and counters, and RM9.5 million for working capital, while excess listing expenses of RM0.5 million were reallocated to working capital. Capital commitments approved and contracted for were RM1,130,813.在首次公开募股筹集的 RM46.4 million 中，尚有 RM27.8 million 未使用，其中包括用于建设及装修旗舰专卖店及设施的 RM14.9 million、用于翻新精品店及专柜的 RM3.1 million 以及用于营运资金的 RM9.5 million，另有多余上市费用 RM0.5 million 重新调配至营运资金。已批准并签约的资本承诺为 RM1,130,813。
Source: annual report 2025, pages 39, 133.出处：2025 年年报第 39、133 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 |
|---|---|---|
| RM令吉 | RM令吉 | |
| Revenue营业额 | 104,844,799 | 98,868,707 |
| Profit before tax税前盈利 | 26,269,982 | 21,180,539 |
| Profit for the financial year净利润 | 19,304,978 | 15,666,236 |
| Net cash from operating activities营运活动所得现金净额 | 22,355,560 | 17,509,869 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | 3,956,818 | 4,248,333 |
| Total assets总资产 | 150,098,244 | 194,387,668 |
| Total liabilities总负债 | 38,420,490 | 35,284,569 |
| Total equity总权益 | 111,677,754 | 159,103,099 |
| Total borrowings借款总额 | 7,495,554 | 6,315,715 |
| Cash and bank balances现金及银行结余 | 46,963,262 | 61,633,027 |
| Short term funds短期基金 | 9,090,851 | 36,608,696 |
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
- Execution of the Jalan Imbi flagship boutique in Kuala Lumpur, which has an estimated capital outlay of approximately RM15.0 million funded from IPO proceeds and is expected to commence in FY2026 and complete in FY2027.吉隆坡燕美路（Jalan Imbi）旗舰精品店的建设进展，该项目预计资本支出约为 RM15.0 million，由 IPO 募集资金提供支持，预计于 2026 财政年动工并于 2027 财政年完工。
Source: annual report 2025, pages 34, 37, 39.出处：2025 年年报第 34、37、39 页。
- Utilisation of the remaining RM27.8 million of IPO proceeds, including RM3.1 million for refurbishment of boutiques and counters and RM9.5 million for working capital within their respective timeframes.剩余 RM27.8 million IPO 募集资金的使用情况，包括在各自期限内用于翻新精品店及专柜的 RM3.1 million 和用于营运资金的 RM9.5 million。
Source: annual report 2025, page 39.出处：2025 年年报第 39 页。
- Impairments on retail assets, after the group recognised impairment losses of RM498,834 on property, plant and equipment and RM1,025,037 on right-of-use assets in 2025, with right-of-use assets of RM11,001,204 indicating impairment at year end.零售资产的减值情况：集团在 2025 年对物业、厂房及设备确认了 RM498,834 的减值亏损，对使用权资产确认了 RM1,025,037 的减值亏损，且年末有减值迹象的使用权资产账面值为 RM11,001,204。
Source: annual report 2025, pages 36, 83, 108.出处：2025 年年报第 36、83、108 页。
- Evaluation of regional expansion into neighbouring ASEAN countries, while current business activities remain predominantly located in Malaysia.向邻近东盟国家进行区域扩张的评估进展，而集团当前业务活动仍主要位于马来西亚。
Source: annual report 2025, pages 34, 98.出处：2025 年年报第 34、98 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-24.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 2026-10-24。