DailySpaceCheeding Holdings Berhad
0372 · ACE Market创业板（ACE Market） · annual reports 2026 to 2026, 414 entries read2026 至 2026 年报，共读出 414 条
The company这家公司
Cheeding Holdings Berhad is an investment holding company whose operating subsidiaries provide specialised utilities engineering, principally operating in Malaysia. The company was listed on the ACE Market on 7 October 2025.Cheeding Holdings Berhad 是一家投资控股公司，其营运子公司从事专业公用事业工程，主要在马来西亚运营。该公司于 2025 年 10 月 7 日在创业板上市。
Source: annual report 2026, pages 9, 10, 25, 163.出处：2026 年年报第 9、10、25、163 页。
In FYE2026, EPCC of overhead infrastructure contributed 79.2% of total revenue (RM87.66 million), and substation engineering services recorded no revenue (FYE2025: RM7.99 million).2026 财政年度，架空基础设施 EPCC 占总营业额的 79.2%（RM87.66 million），而变电站工程服务没有录得营业额（2025 财政年度：RM7.99 million）。
Source: annual report 2026, page 23.出处：2026 年年报第 23 页。
The group derives most of its revenue from one principal customer, the national utility company that owns and operates the National Grid in Peninsular Malaysia. In FYE2026, one customer contributed RM110,065,712 of total revenue (FYE2025: RM115,735,597), and one major customer accounted for approximately 99% of outstanding trade receivables.集团绝大部分营业额来自单一主要客户，即拥有并运营西马国家电网的国家公用事业公司。在 2026 财政年度，一名客户贡献了 RM110,065,712 的总营业额（2025 财政年度：RM115,735,597），一名主要客户占未结清贸易应收款项的约 99%。
Source: annual report 2026, pages 21, 163, 165.出处：2026 年年报第 21、163、165 页。
Managing Director Ng Kian Chai holds 497,336,700 shares (62.381%) directly and 49,219,600 shares (6.174%) indirectly, while his spouse Tan Sook Hoi holds 46,520,300 shares (5.835%) directly and 497,336,700 shares (62.381%) indirectly. Ng Kian Chai is the father of Executive Director Ng Chai Hsia, Chief Operating Officer Ng Lam Shein, and Project Director Ng Lam Tiong.董事经理 Ng Kian Chai 直接持有 497,336,700 股（62.381%）及间接持有 49,219,600 股（6.174%），其配偶 Tan Sook Hoi 直接持有 46,520,300 股（5.835%）及间接持有 497,336,700 股（62.381%）。Ng Kian Chai 是执行董事 Ng Chai Hsia、首席营运员 Ng Lam Shein 以及项目总监 Ng Lam Tiong 的父亲。
Source: annual report 2026, pages 14, 15, 83.出处：2026 年年报第 14、15、83 页。
Among other shareholdings, Public Nominees (Tempatan) Sdn Bhd holds 2,250,800 shares (0.282%) under a pledged securities account for Sia Ka Fatt. Saw Wai Chuan was appointed Independent Non-Executive Chairperson on 14 November 2024, alongside Independent Non-Executive Directors Wendy Kam, Chang Poh Sheng, and Poh Zuan Yin.在其他持股中，Public Nominees (Tempatan) Sdn Bhd 在 Sia Ka Fatt 的抵押证券账户下持有 2,250,800 股（0.282%）。Saw Wai Chuan 于 2024 年 11 月 14 日获委任为独立非执行主席，Wendy Kam、Chang Poh Sheng 与 Poh Zuan Yin 也于同日获委任为独立非执行董事。
Source: annual report 2026, pages 13, 16, 17, 18, 85.出处：2026 年年报第 13、16、17、18、85 页。
Revenue by business activity, FYE20262026 财政年度各项业务营业额占比
Source: annual report 2026, page 23.出处：2026 年年报第 23 页。
Major events大事记
Source: annual report 2026, pages 10, 14.出处：2026 年年报第 10、14 页。
Source: annual report 2026, pages 143, 144.出处：2026 年年报第 143、144 页。
Source: annual report 2026, page 27.出处：2026 年年报第 27 页。
Source: annual report 2026, pages 143, 144.出处：2026 年年报第 143、144 页。
Source: annual report 2026, page 25.出处：2026 年年报第 25 页。
Source: annual report 2026, page 105.出处：2026 年年报第 105 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Assets, equity and cash资产、权益与现金
20262026 年
Net cash from operating activities was RM24.88 million. The company raised gross proceeds of RM51.48 million from its initial public offering of 143,000,000 new ordinary shares, with net proceeds from issuance of shares of RM49.76 million. Net cash used in investing activities was RM2.06 million, primarily capital expenditure of RM1.75 million on five motor vehicles, head office renovation and office equipment, alongside RM322,844 net cash outflow from the acquisition of a subsidiary. Financing outflows included RM6.50 million in dividends paid, repayments of hire-purchase creditors of RM2,394,274, repayments of term loans of RM178,658, and net placement of fixed deposits pledged with licensed banks of RM7.30 million.营运活动所得现金净额为 RM24.88 million。公司通过首次公开募股发行 143,000,000 股新普通股筹集毛收益 RM51.48 million，发行股份净所得为 RM49.76 million。投资活动所用现金净额为 RM2.06 million，主要是用于五辆机动车、总办事处装修和办公设备的 RM1.75 million 资本开支，以及收购子公司的 RM322,844 现金净流出。融资流出包括已付股息 RM6.50 million、偿还租购债权人 RM2,394,274、偿还定期贷款 RM178,658，以及质押给持牌银行的定期存款净存放 RM7.30 million。
Source: annual report 2026, pages 25, 126, 127.出处：2026 年年报第 25、126、127 页。
At year end年结状况
At 31 March 2026, cash and cash equivalents stood at RM91.27 million and total assets reached RM160.65 million. Total borrowings declined to RM1.04 million following the full repayment of all hire-purchase facilities, leaving a gearing ratio of 0.01 times. Fixed deposits of RM13,438,386 were pledged to licensed banks. Subsequent to year end, an interim dividend of 1.13 sen per ordinary share amounting to RM9,009,004 was declared on 6 April 2026 and paid on 30 April 2026.截至 2026 年 3 月 31 日，现金与现金等价物为 RM91.27 million，总资产达 RM160.65 million。在全数偿还所有租购融资后，总借款降至 RM1.04 million，负债比率为 0.01 倍。RM13,438,386 的定期存款已抵押予持牌银行。年结后，公司宣派了每股 1.13 仙、合计 RM9,009,004 的中期股息（2026 年 4 月 6 日宣派），并于 2026 年 4 月 30 日派付。
Source: annual report 2026, pages 24, 25, 105, 140, 142, 148.出处：2026 年年报第 24、25、105、140、142、148 页。
Still to be spent尚未支出的承诺
As at 31 March 2026, RM41.02 million of the gross proceeds remained unutilised out of RM51.48 million raised. The unutilised balance comprises RM21.67 million for working capital, RM16.15 million for performance bonds for future projects, and RM3.2 million for capital expenditure, all scheduled for utilisation within 24 months.截至 2026 年 3 月 31 日，上市募集毛收益中尚有 RM41.02 million 未使用。未动用余额包括营运资金 RM21.67 million、未来项目的履约保证金 RM16.15 million，以及资本开支 RM3.2 million，均计划在 24 个月内使用完毕。
Source: annual report 2026, pages 25, 26.出处：2026 年年报第 25、26 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 | 2025 | 2026 |
|---|---|---|
| RM令吉 | RM令吉 | |
| Revenue营业额 | 117,682,517 | 110,690,000 |
| Profit before tax税前盈利 | 34,967,413 | 48,022,727 |
| Profit for the financial year财政年度盈利 | 26,346,596 | 35,270,363 |
| Net cash from operating activities营运活动所得现金净额 | 43,595,490 | 24,879,160 |
| Net cash used in investing activities投资活动所用现金净额 | (3,135,755) | (2,058,851) |
| Net cash from/(used in) financing activities融资活动所得／（所用）现金净额 | (8,321,477) | 33,837,087 |
| Dividends paid已付股息 | (12,000,000) | (6,500,000) |
| Total assets总资产 | 94,065,234 | 160,646,249 |
| Borrowings借款 | 3,124,233 | 1,034,984 |
| Cash and cash equivalents at end of the financial year财政年度期末现金与现金等价物 | 35,171,274 | 91,271,635 |
| Total equity总权益 | 50,373,306 | 135,402,669 |
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
- Customer concentration risk, with one customer accounting for RM110,065,712 of the group's RM110,690,000 total revenue.客户集中风险，单一客户占集团 RM110,690,000 总营业额中的 RM110,065,712。
Source: annual report 2026, pages 28, 40, 163.出处：2026 年年报第 28、40、163 页。
- Execution of the outstanding order book of RM164.64 million, with RM115.25 million expected to be recognised in FYE2027 and RM49.39 million in FYE2028.未结订单 RM164.64 million 的执行进度，其中 RM115.25 million 预计于 2027 财政年度确认，RM49.39 million 预计于 2028 财政年度确认。
Source: annual report 2026, pages 26, 28.出处：2026 年年报第 26、28 页。
- Utilisation of the remaining RM41.02 million of unutilised initial public offering proceeds within 24 months, including RM16.15 million for performance bonds, RM21.67 million for working capital, and RM3.2 million for capital expenditure.在 24 个月内动用剩余的 RM41.02 million 未使用首次公开募股收益，包括履约保证金 RM16.15 million、营运资金 RM21.67 million 以及资本开支 RM3.2 million。
Source: annual report 2026, page 26.出处：2026 年年报第 26 页。
- Timing of revenue contribution from substation engineering services, which had no revenue in FYE2026 but holds an order book of RM30.82 million expected to contribute in FYE2027 and FYE2028.变电站工程服务营业额贡献的时间进度，该业务在 2026 财政年度无营业额，但持有 RM30.82 million 未结订单，预计于 2027 和 2028 财政年度贡献收入。
Source: annual report 2026, page 23.出处：2026 年年报第 23 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。