DailySpaceCBH Engineering Holding Berhad
0339 · ACE Market创业板（ACE Market） · annual reports 2025 to 2025, 146 entries read2025 至 2025 年报，共读出 146 条
The company这家公司
CBH Engineering Holding Berhad operates in Malaysia, focusing on medium to high voltage substation engineering projects and provision of underground utilities and engineering works.CBH Engineering Holding Berhad 在马来西亚开展业务，专注于中高压变电站工程项目以及地下公用事业与工程施工。
Sources (3)出处（3）
The Group continued to expand its capacity to meet growing demand from sub-sectors such as data centres and renewable energy projects, while remaining true to its core revenue generator of medium to high voltage substation engineering projects.
CBH Infra Sdn. Bhd. (“CBH Infra”) Malaysia 70 - Provision of underground utilities and engineering works
Malaysia 218,803,505 271,692,307 - -
Revenue from Malaysia was RM218,803,505 in 2025, against RM271,692,307 in 2024. Revenue from maintenance and miscellaneous works was RM346,462, against RM708,200.2025 年来自马来西亚的营业额为 RM218,803,505，2024 年为 RM271,692,307。维护及杂项工程营业额为 RM346,462，上一年为 RM708,200。
Sources (2)出处（2）
Malaysia 218,803,505 271,692,307 - -
Maintenance and miscellaneous works 346,462 708,200 - -
Customer A generated RM85,745,385 and Customer B generated RM37,216,054, with the two customers together accounting for RM122,961,439; in 2024 Customer C had contributed RM69,519,301. At year end, three major customers accounted for approximately 50% of outstanding trade receivables.Customer A 贡献了 RM85,745,385，Customer B 贡献了 RM37,216,054，两名客户合共占 RM122,961,439；而在 2024 年 Customer C 贡献了 RM69,519,301。截至年末，三名主要客户占未收回贸易应收账款的约 50%。
Sources (4)出处（4）
Customer A 85,745,385 84,895,745
Customer B 37,216,054 96,478,252
Customer C - 69,519,301 122,961,439 250,893,298
As at the end of the financial year, the Group has 3 (31.12.2024: 4) major customers that owed the Group more than 10% each and accounted for approximately 50% (31.12.2024: 81%) of the Group’s trade receivables outstanding.
Quay Holdings Sdn. Bhd. is the major shareholder with 1,368,491,093 shares or 72.757%. Cheah Boon Hwa has a deemed interest of 1,373,371,093 shares (73.017%) through Quay Holdings Sdn. Bhd. and family members, and a direct interest of 1,100,000 shares (0.058%).Quay Holdings Sdn. Bhd. 为主要股东，持有 1,368,491,093 股或 72.757%。Cheah Boon Hwa 通过 Quay Holdings Sdn. Bhd. 及家族成员拥有 1,373,371,093 股（73.017%）的视同权益，并直接持有 1,100,000 股（0.058%）。
Sources (3)出处（3）
^ Deemed interest by virtue of the shareholdings in holding company, Quay Holdings Sdn. Bhd. and through the shareholdings of his spouse and children in the Company.
QUAY HOLDINGS SDN. BHD. 1,368,491,093 72.757 - -
CHEAH BOON HWA 1,100,000 0.058 1,373,371,093(1)(2) 73.017
Cheah Boon Hwa co-founded CBH Engineering in 1990 with his siblings Cheah Boon Huat and Cheah Boon Kiat. Ir. Cheah Boon Hwa is the brother of Cheah Boon Huat and father of Executive Director Cheah Min Heng.Cheah Boon Hwa 于 1990 年与其兄弟 Cheah Boon Huat 和 Cheah Boon Kiat 共同创立了 CBH Engineering。Ir. Cheah Boon Hwa 是 Cheah Boon Huat 的兄弟，也是执行董事 Cheah Min Heng 的父亲。
Sources (2)出处（2）
Subsequently in 1990, he co-founded CBH Engineering Sdn Bhd (“CBH Engineering”) together with his siblings, Cheah Boon Huat and Cheah Boon Kiat, and was concurrently appointed as a director.
Ir. Cheah Boon Hwa is the brother of Cheah Boon Huat and father to Cheah Min Heng, our Executive Directors.
Pledged securities accounts include CGS International Nominees holding 7,888,800 shares (0.419%) for Ng Kok Weng, and Maybank Securities Nominees holding 4,377,600 shares (0.232%) for Plasma Capital Sdn Bhd.抵押证券账户包括 CGS International Nominees 为 Ng Kok Weng 持有的 7,888,800 股（0.419%），以及 Maybank Securities Nominees 为 Plasma Capital Sdn Bhd 持有的 4,377,600 股（0.232%）。
Sources (2)出处（2）
14 CGS INTERNATIONAL NOMINEES MALAYSIA (TEMPATAN) SDN BHD – PLEDGED SECURITIES ACCOUNT FOR NG KOK WENG (MY2166) 7,888,800 0.419
19 MAYBANK SECURITIES NOMINEES (TEMPATAN) SDN BHD – PLEDGED SECURITIES ACCOUNT FOR PLASMA CAPITAL SDN BHD 4,377,600 0.232
Major events大事记
Sources (1)出处（1）
Subsequently in 1990, he co-founded CBH Engineering Sdn Bhd (“CBH Engineering”) together with his siblings, Cheah Boon Huat and Cheah Boon Kiat, and was concurrently appointed as a director.
Sources (2)出处（2）
During the FYE2025, the Group continued to benefit from the utilisation of the gross proceeds of RM83.44 million raised through the issuance of 298,000,000 new ordinary shares in conjunction with the Company’s listing on the ACE Market of Bursa Securities on 16 January 2025.
The Company was listed on ACE Market of Bursa Securities on 16 January 2025 in conjunction with the Initial Public Offering (“IPO”), where the Company raised RM83.44 million gross proceeds from the IPO.
Sources (1)出处（1）
On 21 July 2025, the Company subscribed for an additional 900,000 new ordinary shares in CBH Maintenance, for a cash consideration of RM900,000, which did not result in changes in equity interest.
Sources (2)出处（2）
On 20 August 2025, the Company incorporated a 70% owned subsidiary, CBH Infra, for a cash consideration of RM700.
On 22 October 2025, the Company subscribed for an additional 699,300 new ordinary shares in CBH Infra, for a cash consideration of RM669,300, which did not result in changes in equity interest.
Sources (3)出处（3）
(a) Procurement of equipment and Within 3 components for future projects 38,504 41,937 3,433 - years
(d) Recruitment of engineers and Within 2 other personnel 3,456 23 (3,433) - years
On 21 August 2025, the Board of Directors of the Company resolved to relocate the unutilised IPO proceeds of RM3.43 million, representing 4.11% of the total IPO proceeds to be utilised for the current recruitment of engineers and other personnel as disclosed in item (i)(d)
Sources (2)出处（2）
During the financial year, the Company entered into a conditional sale and purchase agreement to acquire a piece of freehold land held under Hakmilik No. Geran 99178, Lot 69265, Mukim Klang, District of Klang, State of Selangor Darul Ehsan measuring approximately 3,866 square meters in area
together with a single-storey factory annexed with a double-storey office building erected thereon for a total cash consideration of RM14.39 million from a third party.
Sources (2)出处（2）
We are proud to have declared our first single-tier interim dividend of 0.27 sen per ordinary share totalling RM5.08 million in respect of the FYE2025, which was paid to entitled shareholders on 27 February 2026.
On 26 January 2026, the Board of Directors declared a single-tier interim dividend of RM0.0027 per ordinary share in respect of the financial year ended 31 December 2025, which was paid on 27 February 2026 to every member who is entitled to receive the dividend on 12 February 2026.
Sources (1)出处（1）
The acquisition, which was completed on 9 April 2026 is intended to consolidate the operations located in several offices for better efficiencies and a bigger storage area to achieve improvement operation management.
Revenue, profit and operating cash营业额、盈利与营运现金
Assets and equity资产与权益
Cash and bank balances and fixed deposits现金与银行结余及定期存款
20252025 年
On 16 January 2025 the company was listed on the ACE Market and raised RM83.44 million gross proceeds by issuing 298,000,000 new ordinary shares at RM0.28 each. Proceeds from issuance of shares, net of share issuance expenses, were RM80,865,624. Net cash used in investing activities was RM7,254,730, including RM6,006,498 for placement of other investment and RM2,032,246 for acquisition of property, plant and equipment. Net cash from financing activities was RM82,013,680. During the year the company entered into a conditional sale and purchase agreement to acquire freehold land and a factory building in Mukim Klang for RM14.39 million. Deposits at year end included RM1,439,000 related to the purchase of the factory building.2025 年 1 月 16 日，公司在创业板上市，以每股 RM0.28 发行 298,000,000 股新普通股，筹集 RM83.44 million 总所得。扣除股份发行费用后的发行股份所得款项为 RM80,865,624。投资活动所用现金净额为 RM7,254,730，其中包括存放其他投资的 RM6,006,498 以及购置物业、厂房及设备的 RM2,032,246。融资活动所得现金净额为 RM82,013,680。年内公司订立有条件买卖协议，以 RM14.39 million 收购位于 Mukim Klang 的永久地契土地及厂房建筑物。年末按金中包括与购买该厂房建筑物有关的 RM1,439,000。
Sources (10)出处（10）
During the FYE2025, the Group continued to benefit from the utilisation of the gross proceeds of RM83.44 million raised through the issuance of 298,000,000 new ordinary shares in conjunction with the Company’s listing on the ACE Market of Bursa Securities on 16 January 2025.
together with a single-storey factory annexed with a double-storey office building erected thereon for a total cash consideration of RM14.39 million from a third party.
The Company was listed on ACE Market of Bursa Securities on 16 January 2025 in conjunction with the Initial Public Offering (“IPO”), where the Company raised RM83.44 million gross proceeds from the IPO.
On 16 January 2025, the Company increased its issued and paid-up share capital from RM57,142,573 to RM138,008,197 by way of issuance of 298,000,000 new ordinary shares in conjunction with the Initial Public Offering of the Company at RM0.28 each
Acquisition of property, plant and equipment B (2,032,246) (1,041,495) - -
Placement of other investment (6,006,498) - (6,006,498) -
Net cash used in investing activities (7,254,730) (572,982) (7,600,000) -
Proceeds from issuance of share, net of share issuance expenses 80,865,624 10 80,865,624 10
Net cash from/(used in) financing activities 82,013,680 (21,636,965) 78,263,733 2,665,062
Included in the deposits of the Group and of the Company is an amount of RM1,439,000 (31.12.2024: RMNil) which is related to the purchase of factory building.
At year end年末
Net cash from operating activities rose from RM18,006,959 in 2024 to RM40,322,915 in 2025. The group paid RM21,000,000 in dividends in 2024 and none in 2025. A first interim dividend of 0.27 sen per share, totalling RM5.08 million, was declared for 2025 and paid on 27 February 2026. Fixed deposits pledged to licensed banks were RM9,698,393 at year end, down from RM11,452,514 at the end of 2024. Trade receivables and contract assets were approximately RM57.37 million and RM62.96 million respectively.营运活动所得现金净额从 2024 年的 RM18,006,959 增至 2025 年的 RM40,322,915。集团在 2024 年支付 RM21,000,000 股息，2025 年未支付股息。就 2025 财年宣派了每股 0.27 仙、共计 RM5.08 million 的首次中期股息，并于 2026 年 2 月 27 日派发。年末抵押给持牌银行的定期存款为 RM9,698,393，低于 2024 年底的 RM11,452,514。贸易应收账款与合同资产分别约为 RM57.37 million 和 RM62.96 million。
Sources (4)出处（4）
We are proud to have declared our first single-tier interim dividend of 0.27 sen per ordinary share totalling RM5.08 million in respect of the FYE2025, which was paid to entitled shareholders on 27 February 2026.
Consolidated trade receivables and contract assets recorded by the Group as at reporting date amounted to approximately RM57.37 million and RM62.96 million respectively.
Dividend paid - (21,000,000) - -
Included in the fixed deposits with licensed banks is an amount of RM9,698,393 (31.12.2024: RM11,452,514) pledged to licensed banks as security for banking facilities granted to the Group.
Still to be spent尚未支出的承诺
The management review speaks of a balance of RM11.23 million of IPO proceeds. The table of IPO proceeds prints RM41.94 million for procurement of equipment and components for future projects, against RM38.50 million first set, RM18.48 million for payment to subcontractors and RM17.30 million for bank guarantees. On 21 August 2025 the Board resolved to move RM3.43 million of unutilised IPO proceeds from recruitment of engineers and other personnel. Contracted capital commitments for the factory building were RM12,951,000.管理层讨论提到 IPO 所得款项余额为 RM11.23 million。IPO 所得款项表列出：未来项目设备与组件采购 RM41.94 million（原定 RM38.50 million），支付分包商 RM18.48 million，银行担保 RM17.30 million。董事会于 2025 年 8 月 21 日决议将 RM3.43 million 未动用 IPO 所得款项从招聘工程师及其他人员项目移出。已签约的厂房建筑物资本承诺为 RM12,951,000。
Sources (7)出处（7）
Within the Group’s first financial year of listing, it has partially deployed its IPO proceeds with a balance of RM11.23 million strategically and utilised most of it for the Group’s planned business expansion.
(a) Procurement of equipment and Within 3 components for future projects 38,504 41,937 3,433 - years
Payment to subcontractors for Within 1.5 future projects 18,480 18,480 - - years
(c) Bank guarantees for future Within 3 projects 17,300 17,300 - - years
On 21 August 2025, the Board of Directors of the Company resolved to relocate the unutilised IPO proceeds of RM3.43 million, representing 4.11% of the total IPO proceeds to be utilised for the current recruitment of engineers and other personnel as disclosed in item (i)(d)
- Factory building 12,951,000 -
(d) Recruitment of engineers and Within 2 other personnel 3,456 23 (3,433) - years
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 | 271,692,307 | 218,803,505 |
| Profit before tax税前盈利 | 54,811,060 | 63,570,538 |
| Profit for the financial year本年度盈利 | 41,749,292 | 48,080,003 |
| Net cash from operating activities营运活动所得现金净额 | 18,006,959 | 40,322,915 |
| Acquisition of property, plant and equipment购置物业、厂房及设备 | (1,041,495) | (2,032,246) |
| Net cash used in investing activities投资活动所用现金净额 | (572,982) | (7,254,730) |
| Net cash from/(used in) financing activities融资活动所得／（所用）现金净额 | (21,636,965) | 82,013,680 |
| Dividend paid已付股息 | (21,000,000) | 0 |
| Cash and bank balances现金与银行结余 | 23,972,702 | 142,494,446 |
| Fixed deposits with licensed banks持牌银行定期存款 | 14,892,612 | 9,698,393 |
| Total assets总资产 | 159,566,532 | 288,773,284 |
| Total equity总权益 | 99,179,993 | 228,425,620 |
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
- Ongoing project delays and potential liquidated ascertained damages, where several projects exceeded contractual completion periods without customer responses to extension requests; provision for LAD stood at RM987,500.在建项目延期及潜在违约赔偿金，数个项目超过合同工期且客户未对延期申请作出回应；预提 LAD 为 RM987,500。
Sources (4)出处（4）
Provision for LAD 987,500 - - - 13,172,073 16,157,358 62,223 3,214,701
The Group has several ongoing projects that have exceeded the contractual completion period stipulated in the respective agreement.
However, as at the date of this report, no responses have been received from the customers regarding the requested extensions.
Except for the provision for LAD disclosed in Note 19, no additional provision has been recognised in the financial statements.
- Execution of the unbilled project contract works of RM616,169,837 due from 2026 onwards.自 2026 年起未开账单项目合同工程 RM616,169,837 的执行情况。
Sources (2)出处（2）
Project contract works 616,169,837 195,242,746
2026 onwards 616,169,837 -
- Use of the RM11.23 million balance of IPO proceeds that the management review mentions.管理层讨论所提 RM11.23 million IPO 所得款项余额的动用情况。
Sources (1)出处（1）
Within the Group’s first financial year of listing, it has partially deployed its IPO proceeds with a balance of RM11.23 million strategically and utilised most of it for the Group’s planned business expansion.
- How much revenue still comes from a few customers: Customer A and Customer B together gave RM122,961,439 in 2025, and three customers made up approximately 50% of trade receivables.营业额有多少仍来自少数客户：2025 年 Customer A 与 Customer B 合共带来 RM122,961,439，三名客户约占贸易应收账款的 50%。
Sources (4)出处（4）
Customer A 85,745,385 84,895,745
Customer B 37,216,054 96,478,252
Customer C - 69,519,301 122,961,439 250,893,298
As at the end of the financial year, the Group has 3 (31.12.2024: 4) major customers that owed the Group more than 10% each and accounted for approximately 50% (31.12.2024: 81%) of the Group’s trade receivables outstanding.
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-16.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 2026-10-16。