DailySpaceKee Ming Group Berhad
0392 · ACE Market创业板（ACE Market） · annual reports 2026 to 2026, 451 entries read2026 至 2026 年报，共读出 451 条
The company这家公司
Kee Ming Group Berhad is an M&E engineering services provider in Malaysia, qualified as a CIDB Grade G7 contractor and registered with the Energy Commission. Revenue from M&E engineering services accounted for 99.9% of total revenue in both FYE 2025 and FYE 2026 (RM151.34 million in FYE 2026 and RM62.35 million in FYE 2025), with maintenance and repair services contributing RM153,109 in FYE 2026 and RM56,788 in FYE 2025.Kee Ming Group Berhad 是一家马来西亚机电工程服务提供商，具备建筑工业发展局（CIDB）G7 级承包商资质，并在能源委员会注册。机电工程服务收入在 2025 财政年度和 2026 财政年度均占总营业额的 99.9%（2026 财政年度为 RM151.34 million，2025 财政年度为 RM62.35 million），维护与维修服务在 2026 财政年度贡献 RM153,109，在 2025 财政年度贡献 RM56,788。
Source: annual report 2026, pages 18, 21, 109.出处：2026 年年报第 18、21、109 页。
Projects from the industrial and commercial sectors collectively contributed 81.2% of total revenue in FYE 2025 and 81.0% in FYE 2026. In FYE 2026, Customer A contributed RM49,043,042 (2025: RM18,706,644), Customer C contributed RM28,155,740, Customer D contributed RM18,807,758, and Customer E contributed RM15,732,788. A single customer accounted for 64% of trade receivables at the end of FYE 2026, compared to two customers accounting for 32% in 2025.工业和商业领域的项目在 2025 财政年度合计占总营业额的 81.2%，在 2026 财政年度合计占 81.0%。在 2026 财政年度，客户 A 贡献 RM49,043,042（2025 年：RM18,706,644），客户 C 贡献 RM28,155,740，客户 D 贡献 RM18,807,758，客户 E 贡献 RM15,732,788。在 2026 财政年度末，单个客户占贸易应收款项的 64%，而 2025 年两家客户合计占 32%。
Source: annual report 2026, pages 21, 114, 116.出处：2026 年年报第 21、114、116 页。
As at 31 March 2026, the group had 93 ongoing projects with a total project value of RM339.52 million and an outstanding order book of RM151.87 million. The outstanding order book is expected to be recognised progressively over the next 1 to 2 financial years based on expected project progress. The group also had 45 pending tenders awaiting decision amounting to RM879.41 million.截至 2026 年 3 月 31 日，集团拥有 93 个在建项目，项目总价值为 RM339.52 million，未结订单总额为 RM151.87 million。根据预期项目进度，未结订单预计将在未来 1 至 2 个财政年度内逐步确认。集团还有 45 份待决投标，金额达 RM879.41 million。
Source: annual report 2026, page 19.出处：2026 年年报第 19 页。
Ir. Liew Kar Hoe holds 164,612,530 shares (50.65%), and Solarvest Holdings Berhad holds 77,512,470 shares (23.85%). Ir. Liew Kar Hoe is the spouse of Non-Independent Executive Director Choy Sook Yan, and a holder is deemed interested by virtue of his interest in Solarvest and Atlantic Blue Holdings Sdn Bhd. Pledged accounts include CGS International Nominees Malaysia (Tempatan) Sdn. Bhd. for Tay Moy Koh with 1,057,800 shares (0.33%) and Public Nominees (Tempatan) Sdn Bhd for Tan Yat Teng with 853,500 shares (0.26%).Ir. Liew Kar Hoe 持有 164,612,530 股（50.65%），Solarvest Holdings Berhad 持有 77,512,470 股（23.85%）。Ir. Liew Kar Hoe 是非独立执行董事 Choy Sook Yan 的配偶，一名持股人因其在 Solarvest 与 Atlantic Blue Holdings Sdn Bhd 的权益而被视为拥有权益。抵押证券账户包括 CGS International Nominees Malaysia (Tempatan) Sdn. Bhd.（Tay Moy Koh 抵押账户）持有 1,057,800 股（0.33%）以及 Public Nominees (Tempatan) Sdn Bhd（Tan Yat Teng 抵押账户）持有 853,500 股（0.26%）。
Source: annual report 2026, pages 6, 7, 131, 132, 133.出处：2026 年年报第 6、7、131、132、133 页。
The company was listed on the ACE Market of Bursa Securities on 12 February 2026. Ir. Liew Kar Hoe was appointed Managing Director on 10 March 2025. Tengku Faizwa Binti Tengku Razif was appointed Independent Non-Executive Chairperson on 30 June 2025, alongside Choy Sook Yan, Lim Chin Siu and Lee Chin Hui as directors. Ooi Guan Hoe and Susie Chung Kim Lan were appointed Independent Non-Executive Directors on 26 November 2025, while Woo Ah Kek resigned on the same day. Lai Jun Wah @ Lai Jun Lim was appointed CFO on 17 September 2024.公司于 2026 年 2 月 12 日在马来西亚证券交易所创业板上市。Ir. Liew Kar Hoe 于 2025 年 3 月 10 日获委任为董事经理。Tengku Faizwa Binti Tengku Razif 于 2025 年 6 月 30 日获委任为独立非执行主席，Choy Sook Yan、Lim Chin Siu 与 Lee Chin Hui 也于同日加入董事会。Ooi Guan Hoe 与 Susie Chung Kim Lan 于 2025 年 11 月 26 日获委任为独立非执行董事，Woo Ah Kek 于同日辞职。Lai Jun Wah @ Lai Jun Lim 于 2024 年 9 月 17 日获委任为首席财务官。
Source: annual report 2026, pages 3, 5, 6, 7, 8, 9, 10, 11, 13, 75.出处：2026 年年报第 3、5、6、7、8、9、10、11、13、75 页。
Revenue by service type, 20262026 年按服务类型划分的营业额
Source: annual report 2026, page 109.出处：2026 年年报第 109 页。
Major events大事记
Source: annual report 2026, page 86.出处：2026 年年报第 86 页。
Source: annual report 2026, pages 74, 100.出处：2026 年年报第 74、100 页。
Source: annual report 2026, page 76.出处：2026 年年报第 76 页。
Source: annual report 2026, pages 20, 78.出处：2026 年年报第 20、78 页。
Revenue and profit before tax营业额与税前盈利
Assets, liabilities and equity资产、负债与权益
20262026 年
Gross proceeds of RM25.32 million were raised from the public issue of 66,625,000 new ordinary shares at RM0.38 per share upon listing on the ACE Market on 12 February 2026, with net proceeds from the issuance of shares received of RM24,178,851. Net cash generated from operating activities was RM18.36 million. Cash outflows included purchase of property, plant and equipment of RM604,647, repayment of lease liabilities of RM328,057, finance costs paid of RM519,257, and repayment of term loans of RM110,319. On 12 December 2025, the company issued 258,374,900 shares at RM0.08 per share to acquire Kee Ming Electrical Sdn. Bhd. for RM20,669,992. No dividend was declared in FYE 2026.2026 年 2 月 12 日在创业板上市时，通过公开发行 66,625,000 股新普通股（每股 RM0.38）筹集了 RM25.32 million 的募股总额，收到的发行股份所得款项净额为 RM24,178,851。营运活动所得现金净额为 RM18.36 million。现金流出包括购置物业、厂房及设备的 RM604,647、偿还租赁负债的 RM328,057、支付融资成本的 RM519,257，以及偿还定期贷款的 RM110,319。2025 年 12 月 12 日，公司以每股 RM0.08 发行 258,374,900 股，作价 RM20,669,992 收购 Kee Ming Electrical Sdn. Bhd.。2026 财政年度未宣布派发股息。
Source: annual report 2026, pages 23, 26, 76, 84, 127.出处：2026 年年报第 23、26、76、84、127 页。
At year end年末结存
As at 31 March 2026, cash and cash equivalents stood at RM47,337,361, consisting of fixed deposits with licensed banks of RM38,842,581 and cash and bank balances of RM8,494,780. Total borrowings excluding lease liabilities arising from rented properties stood at RM3,872,599, including bankers' acceptances of RM2,949,391 and term loans of RM395,617. Present value of lease liabilities was RM1,111,097. The gearing ratio stood at 0.06 times.截至 2026 年 3 月 31 日，现金及现金等价物为 RM47,337,361，包括持牌银行定期存款 RM38,842,581 和现金及银行结存 RM8,494,780。不包括租赁物业所产生租赁负债的总借款为 RM3,872,599，包括银行承兑汇票 RM2,949,391 和定期贷款 RM395,617。租赁负债现值为 RM1,111,097。资产负债比率为 0.06 倍。
Source: annual report 2026, pages 23, 104, 107, 115, 121.出处：2026 年年报第 23、104、107、115、121 页。
Still to be spent尚未支出的承诺
As at 31 March 2026, the group had no capital commitments. From the RM25.32 million gross IPO proceeds, RM5.1 million had been utilised and RM20.2 million remained unutilised. The unutilised proceeds include RM13.0 million for project working capital for future projects, RM4.0 million for performance bonds for future projects, RM1.6 million for expansion of the project team, RM0.8 million for purchase of an ERP system, RM0.6 million for general working capital, and RM0.2 million for fees and expenses relating to the IPO.截至 2026 年 3 月 31 日，集团没有资本承诺。在 RM25.32 million 的首次公开募股总额中，已使用 RM5.1 million，剩余 RM20.2 million 未使用。未使用的所得款项包括用于未来项目营运资金的 RM13.0 million、用于未来项目履约保证的 RM4.0 million、用于扩建项目团队的 RM1.6 million、用于购置 ERP 系统的 RM0.8 million、用于一般营运资金的 RM0.6 million，以及用于首次公开募股相关费用和开支的 RM0.2 million。
Source: annual report 2026, pages 20, 24, 127.出处：2026 年年报第 20、24、127 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 | 62,410,712 | 151,494,188 |
| Profit before tax税前盈利 | 10,935,917 | 23,250,272 |
| Profit for the financial year attributable to owners of the Group归属于母公司业主的净利 | 8,173,217 | 16,265,644 |
| Purchase of property, plant and equipment购置物业、厂房及设备 | 1,747,575 | 984,387 |
| Total assets总资产 | 51,121,459 | 118,638,118 |
| Total liabilities总负债 | 30,226,890 | 57,299,054 |
| Total borrowings总借款 | 2,962,460 | 3,872,599 |
| Fixed deposits with licensed banks持牌银行定期存款 | 2,324,508 | 38,842,581 |
| Cash and bank balances现金及银行结存 | 2,544,423 | 8,494,780 |
| Total equity总权益 | 20,894,569 | 61,339,064 |
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
- Utilisation of the remaining RM20.2 million of IPO proceeds, including RM13.0 million for project working capital and RM4.0 million for performance bonds for future projects.剩余 RM20.2 million 首次公开募股所得款项的使用情况，包括用于未来项目营运资金的 RM13.0 million 与用于未来项目履约保证的 RM4.0 million。
Source: annual report 2026, page 127.出处：2026 年年报第 127 页。
- Recognition of the RM151.87 million outstanding order book across 93 ongoing projects over the next 1 to 2 financial years, and the results of 45 pending tenders amounting to RM879.41 million.93 个在建项目共 RM151.87 million 未结订单在未来 1 至 2 个财政年度内的确认进展，以及金额达 RM879.41 million 的 45 份待决投标结果。
Source: annual report 2026, page 19.出处：2026 年年报第 19 页。
- Collection of trade receivables past due but not impaired of RM26,676,909, of which RM5,721,195 was more than 91 days past due.已逾期但未减值的 RM26,676,909 贸易应收款项的回收情况，其中逾期超过 91 天的款项为 RM5,721,195。
Source: annual report 2026, page 101.出处：2026 年年报第 101 页。
- Implementation of the outsourced internal audit function under Eco Asia, scheduled to commence in the financial year ending 31 March 2027.由 Eco Asia 外包执行的内部审计职能的落实，该职能预定在截至 2027 年 3 月 31 日止的财政年度开始运作。
Source: annual report 2026, pages 63, 67.出处：2026 年年报第 63、67 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。