DailySpaceBursa Malaysia companies, read from their annual reports从年报读懂大马上市公司

GuocoLand (Malaysia) Berhad

1503 · Main Market主板 · annual reports 2023 to 2025, 1676 entries read2023 至 2025 年报,共读出 1676 条

Revenue, 20252025 年营业额RM449.5m4.50亿令吉up 3.5% from比 2024 年增加 3.5%,当年为 RM434.1m4.34亿令吉 in 2024
Profit before tax, 20252025 年税前盈利RM39.9m3.99千万令吉down 38.7% from比 2024 年减少 38.7%,当年为 RM65.1m6.51千万令吉 in 2024
Loans and borrowings, 20252025 年贷款与借款RM542.6m5.43亿令吉up 9.4% from比 2024 年增加 9.4%,当年为 RM495.9m4.96亿令吉 in 2024
Total equity, 20252025 年总权益RM1,848.7m18.49亿令吉up 27.5% from比 2024 年增加 27.5%,当年为 RM1,450.3m14.50亿令吉 in 2024

The company这家公司

GuocoLand (Malaysia) Berhad is a property group listed on the Main Market of Bursa Malaysia Securities Berhad, operating as a subsidiary of Singapore-based GuocoLand Limited and the property arm of the Hong Leong Group. Its business spans property development, property investment and hospitality. Major developments include the flagship Damansara City integrated development in Damansara Heights, Emerald Rawang, Emerald Hills in Cheras, and Emerald 9 in Cheras.GuocoLand (Malaysia) Berhad 是一家在马来西亚证券交易所主板上市的房地产集团,为新加坡 GuocoLand Limited 旗下子公司,亦是丰隆集团旗下的地产业务分支。其业务涵盖房产开发、房产投资和酒店业。主要开发项目包括位于白沙罗高原的旗舰综合开发项目 Damansara City、Emerald Rawang、蕉赖的 Emerald Hills 以及蕉赖的 Emerald 9。

Source: annual report 2024, page 16.出处:2024 年年报第 16 页。

In FY2025, group revenue was RM449.5 million.2025 财政年度,集团营业额为 RM449.5 million。

Source: annual report 2025, pages 14, 106.出处:2025 年年报第 14、106 页。

GLL (Malaysia) Pte Ltd is the immediate holding company, holding 455,506,780 shares or 65.03% of the company's shares. The ultimate holding company is GuoLine Capital Assets Limited, incorporated in Jersey, Channel Islands. Tan Sri Quek Leng Chan holds 19,506,780 shares directly (2.78%) and is deemed interested in 478,766,996 shares (68.35%). Associated Land Sendirian Berhad holds 23,260,216 shares (3.32%).GLL (Malaysia) Pte Ltd 为直接控股公司,持有 455,506,780 股,占公司股份的 65.03%。最终控股公司为在海峡群岛泽西岛注册成立的 GuoLine Capital Assets Limited。Tan Sri Quek Leng Chan 直接持有 19,506,780 股(2.78%),并间接持有 478,766,996 股(68.35%)。Associated Land Sendirian Berhad 持有 23,260,216 股(3.32%)。

Source: annual report 2023, page 67; annual report 2025, pages 180, 195, 197.出处:2023 年年报第 67 页;2025 年年报第 180、195、197 页。

Pledged securities accounts include Ong Siew Eng @ Ong Chai with 7,025,100 shares (1.00%) pledged through AllianceGroup Nominees, 1,701,900 shares (0.24%) through Kenanga Nominees, and 1,312,800 shares (0.19%) through Affin Hwang Nominees. Lee Kwong Joo holds 5,882,410 shares (0.84%) pledged through Public Nominees, and Teo Kwee Hock holds 4,200,000 shares (0.60%) pledged through UOB Kay Hian Nominees. Mr Quek Kon Sean is the son of major shareholder Tan Sri Quek Leng Chan.抵押证券账户包括 Ong Siew Eng @ Ong Chai 通过 AllianceGroup Nominees 抵押的 7,025,100 股(1.00%)、通过 Kenanga Nominees 抵押的 1,701,900 股(0.24%)以及通过 Affin Hwang Nominees 抵押的 1,312,800 股(0.19%)。Lee Kwong Joo 通过 Public Nominees 抵押持有 5,882,410 股(0.84%),Teo Kwee Hock 通过 UOB Kay Hian Nominees 抵押持有 4,200,000 股(0.60%)。Mr Quek Kon Sean 是主要股东 Tan Sri Quek Leng Chan 之子。

Source: annual report 2025, pages 9, 195, 196.出处:2025 年年报第 9、195、196 页。

Mr Tan Wee Bee resigned on 18 May 2023, and Puan Noorbaizura binti Hermeyney was appointed Managing Director on the same date. Ms Yeap Yen Yen resigned on 26 May 2024; Mr Andrew Chew Kwang Ming served from 26 May to 9 July 2024, and Mr Choo Chee Beng was appointed on 9 July 2024. Board changes included the retirements of Mr Peter Ho Kok Wai on 20 August 2024, Encik Zulkiflee bin Hashim on 4 December 2024, and Ms Patricia Chua Put Moy on 1 August 2025, while Mr Sim Hong Kee was appointed on 20 August 2024, Tuan Haji Mohamad Zamani bin Razali on 1 March 2025, and Ms Tan Poh Chan on 1 August 2025.Mr Tan Wee Bee 于 2023 年 5 月 18 日辞任,Puan Noorbaizura binti Hermeyney 于同日获委任为董事总经理。Ms Yeap Yen Yen 于 2024 年 5 月 26 日辞任;Mr Andrew Chew Kwang Ming 于 2024 年 5 月 26 日至 7 月 9 日在任,Mr Choo Chee Beng 于 2024 年 7 月 9 日获委任。董事会变动包括 Mr Peter Ho Kok Wai 于 2024 年 8 月 20 日退任、Encik Zulkiflee bin Hashim 于 2024 年 12 月 4 日退任以及 Ms Patricia Chua Put Moy 于 2025 年 8 月 1 日退任;Mr Sim Hong Kee 于 2024 年 8 月 20 日获委任,Tuan Haji Mohamad Zamani bin Razali 于 2025 年 3 月 1 日获委任,Ms Tan Poh Chan 于 2025 年 8 月 1 日获委任。

Source: annual report 2023, pages 7, 60; annual report 2024, pages 8, 14, 63; annual report 2025, pages 8, 59.出处:2023 年年报第 7、60 页;2024 年年报第 8、14、63 页;2025 年年报第 8、59 页。

External revenue by segment, FY2025 (RM'000)2025 财年按分部划分的对外营业额(千令吉)

Property development: 72.0%Property investment: 12.3%Hospitality: 11.7%Plantation: 2.7%Others: 1.3%
Property development 72.0%房产开发 72.0%Property investment 12.3%房产投资 12.3%Hospitality 11.7%酒店业 11.7%Plantation 2.7%种植业 2.7%Others 1.3%其他 1.3%

Source: annual report 2025, page 106.出处:2025 年年报第 106 页。

Major events大事记

2022Tower D was launched in June 2022 featuring 536 units, and vacant possession for Emerald Hills Garden Terraces, Towers A and B was delivered in September 2022.Tower D 于 2022 年 6 月推出,共有 536 个单位;Emerald Hills 花园排屋以及 Tower A 和 B 于 2022 年 9 月交付空置占有权。

Source: annual report 2023, pages 17, 18.出处:2023 年年报第 17、18 页。

2022The company implemented a new Executive Share Scheme on 9 December 2022 comprising an option scheme and a grant scheme.公司于 2022 年 12 月 9 日实施了一项新的行政人员股份计划,包括期权计划与授予计划。

Source: annual report 2023, page 155.出处:2023 年年报第 155 页。

2023GLM Emerald Industrial Park (Jasin) entered into a sale and purchase agreement on 27 April 2023 to dispose of a land parcel in Jasin for RM19.0 million.GLM Emerald Industrial Park (Jasin) 于 2023 年 4 月 27 日订立买卖协议,以 RM19.0 million 脱售野新的一幅地块。

Source: annual report 2023, pages 14, 173.出处:2023 年年报第 14、173 页。

2023Puan Noorbaizura binti Hermeyney was appointed Managing Director on 18 May 2023 following the resignation of Mr Tan Wee Bee.随着 Mr Tan Wee Bee 辞职,Puan Noorbaizura binti Hermeyney 于 2023 年 5 月 18 日获委任为董事总经理。

Source: annual report 2023, pages 7, 60.出处:2023 年年报第 7、60 页。

2023Blooming Residence Phase 1 was launched in June 2023, Phase 2 in December 2023, and Tower C in November 2023.Blooming Residence 第一期于 2023 年 6 月推出,第二期于 2023 年 12 月推出,Tower C 于 2023 年 11 月推出。

Source: annual report 2024, pages 18, 20.出处:2024 年年报第 18、20 页。

2024GLM subscribed for 102,779,550 rights units in Tower REIT for RM31,861,661 on 28 May 2024, increasing its stake from 21.66% to 33.32%.GLM 于 2024 年 5 月 28 日以 RM31,861,661 认购 Tower REIT 的 102,779,550 个附加股单位,持股比例从 21.66% 提升至 33.32%。

Source: annual report 2024, page 111; annual report 2025, page 131.出处:2024 年年报第 111 页;2025 年年报第 131 页。

2024Mr Peter Ho Kok Wai retired from the board and Mr Sim Hong Kee was appointed to the board on 20 August 2024.Mr Peter Ho Kok Wai 于 2024 年 8 月 20 日从董事会退任,Mr Sim Hong Kee 同日获委任加入董事会。

Source: annual report 2024, pages 8, 14.出处:2024 年年报第 8、14 页。

2024Towers C and D were completed with vacant possession delivered in December 2024.Tower C 和 D 竣工,并于 2024 年 12 月交付空置占有权。

Source: annual report 2025, page 19.出处:2025 年年报第 19 页。

2025The company lodged an RM500,000,000 Medium Term Notes programme on 10 March 2025 and issued RM50,000,000 in nominal value on 18 June 2025.公司于 2025 年 3 月 10 日提交了 RM500,000,000 的中期票据计划,并于 2025 年 6 月 18 日发行了面值 RM50,000,000 的票据。

Source: annual report 2025, page 160.出处:2025 年年报第 160 页。

2025Ms Patricia Chua Put Moy retired and Ms Tan Poh Chan was appointed to the board on 1 August 2025.Ms Patricia Chua Put Moy 于 2025 年 8 月 1 日退任董事,Ms Tan Poh Chan 同日获委任加入董事会。

Source: annual report 2025, pages 8, 59.出处:2025 年年报第 8、59 页。

Revenue, profit and operating cash营业额、盈利与营运现金

Revenue营业额
2022
RM434.1m4.34亿令吉
2023
RM434.3m4.34亿令吉
2024
RM434.1m4.34亿令吉
2025
RM449.5m4.50亿令吉
Profit for the financial year财政年度盈利
2022
RM28.1m2.81千万令吉
2023
RM38.9m3.89千万令吉
2024
RM55.8m5.58千万令吉
2025
RM25.4m2.54千万令吉
Net cash flows generated from operating activities营运活动产生的现金净额
2022
RM6.13m613万令吉
2023
RM204.8m2.05亿令吉
2024
RM91.0m9.10千万令吉
2025
RM196.0m1.96亿令吉

Assets, borrowings and equity总资产、借款与股东权益

Total assets总资产
2022
RM2,338.1m23.38亿令吉
2023
RM2,245.7m22.46亿令吉
2024
RM2,191.3m21.91亿令吉
2025
RM2,671.3m26.71亿令吉
Loans and borrowings贷款与借款
2022
RM738.2m7.38亿令吉
2023
RM602.3m6.02亿令吉
2024
RM495.9m4.96亿令吉
2025
RM542.6m5.43亿令吉
Total equity总权益
2022
RM1,391.6m13.92亿令吉
2023
RM1,414.1m14.14亿令吉
2024
RM1,450.3m14.50亿令吉
2025
RM1,848.7m18.49亿令吉

20232023 年

In FY2023, net cash generated from operating activities was RM204.8 million. Revenue was RM434.3 million and profit before tax was RM56.1 million, including RM19.0 million in revenue and RM12.7 million in profit before tax from the disposal of a land parcel in Jasin, Melaka. Investing cash flows generated RM2.2 million, including RM14.0 million from the redemption of cumulative redeemable preference shares from a joint venture, while purchases of property, plant and equipment were RM1.1 million. Financing cash flows used RM153.3 million, with bank borrowing repayments of RM303.5 million against drawdowns of RM168.4 million, dividends paid of RM13.4 million, and interest paid of RM26.7 million. Total loans and borrowings stood at RM602.3 million at year end.2023 财政年度,营运活动产生的现金净额为 RM204.8 million。营业额为 RM434.3 million,税前盈利为 RM56.1 million,其中包括脱售马六甲野新一幅地块所带来的 RM19.0 million 营业额和 RM12.7 million 税前盈利。投资现金流产生 RM2.2 million,包括从合营企业赎回可累积可赎回优先股所得的 RM14.0 million,而购置物业、厂房及设备支出为 RM1.1 million。融资现金流使用 RM153.3 million,偿还银行借款 RM303.5 million,相比提取借款 RM168.4 million,已付股息 RM13.4 million,已付利息 RM26.7 million。年终贷款与借款总额为 RM602.3 million。

Source: annual report 2023, pages 14, 88, 89, 151.出处:2023 年年报第 14、88、89、151 页。

20242024 年

In FY2024, net cash generated from operating activities was RM91.0 million. Revenue was RM434.1 million and profit before tax was RM65.1 million. The group subscribed for 102,779,550 rights units in Tower REIT for RM31.9 million, raising its effective stake from 21.66% to 33.32%, and recorded an accretion gain of RM48.6 million alongside an impairment loss of RM11.2 million. Investing activities used RM29.3 million, with RM31.9 million spent on the associate's rights units. Financing cash flows used RM116.6 million, with bank borrowing repayments of RM192.9 million against drawdowns of RM86.4 million, dividends paid to company shareholders of RM13.4 million, and dividends paid to non-controlling interest of RM6.2 million. Total loans and borrowings fell to RM495.9 million.2024 财政年度,营运活动产生的现金净额为 RM91.0 million。营业额为 RM434.1 million,税前盈利为 RM65.1 million。集团以 RM31.9 million 认购 Tower REIT 的 102,779,550 个附加股单位,其实际持股比例由 21.66% 提高至 33.32%,并确认了 RM48.6 million 的增持收益以及 RM11.2 million 的减值亏损。投资活动使用 RM29.3 million,其中 RM31.9 million 用于联营公司附加股认购。融资现金流使用 RM116.6 million,偿还银行借款 RM192.9 million,相比提取借款 RM86.4 million,向公司股东支付股息 RM13.4 million,向非控股权益支付股息 RM6.2 million。贷款与借款总额降至 RM495.9 million。

Source: annual report 2024, pages 14, 17, 83, 84, 111, 112, 134.出处:2024 年年报第 14、17、83、84、111、112、134 页。

20252025 年

In FY2025, net cash generated from operating activities was RM196.0 million. Revenue was RM449.5 million and profit before tax was RM39.9 million. Tower REIT was reclassified as a subsidiary and consolidated from 28 May 2024. Investing activities generated RM21.4 million, including a dividend of RM21.6 million and capital redemption of RM3.4 million from joint venture GLM Emerald (Rawang) Sdn Bhd, while purchases of property, plant and equipment were RM5.9 million. Financing cash flows used RM202.0 million, with bank borrowing repayments of RM534.4 million against drawdowns of RM348.0 million. The company completed an initial issuance of RM50.0 million under its new RM500.0 million Medium Term Notes programme. Total loans and borrowings were RM542.6 million at year end.2025 财政年度,营运活动产生的现金净额为 RM196.0 million。营业额为 RM449.5 million,税前盈利为 RM39.9 million。Tower REIT 被重新归类为子公司并自 2024 年 5 月 28 日起并表。投资活动产生 RM21.4 million,包括来自合营企业 GLM Emerald (Rawang) Sdn Bhd 的 RM21.6 million 股息和 RM3.4 million 资本赎回,而物业、厂房及设备购置额为 RM5.9 million。融资现金流使用 RM202.0 million,偿还银行借款 RM534.4 million,相比提取借款 RM348.0 million。公司在其新的 RM500.0 million 中期票据计划下完成了首期 RM50.0 million 的发行。年终贷款与借款总额为 RM542.6 million。

Source: annual report 2025, pages 14, 17, 102, 103, 128, 132, 138, 159, 160, 182.出处:2025 年年报第 14、17、102、103、128、132、138、159、160、182 页。

Across the three years三年合看

Across the three years, operating activities generated positive net cash flows each year (RM204.8 million in FY2023, RM91.0 million in FY2024, and RM196.0 million in FY2025). The board declared a final single-tier dividend of 2 sen per share each financial year, paying RM13,397,608 (or RM13.4 million) annually to shareholders of the company. Pledged assets formed substantial collateral for borrowing facilities: freehold land and buildings held as investment properties charged to financial institutions were RM277.2 million in FY2023. Pledged completed development properties were RM274.6 million in FY2023 and RM217.5 million in FY2024.三年合看,营运活动每个财政年度均产生正现金净额(2023 财年 RM204.8 million、2024 财年 RM91.0 million 及 2025 财年 RM196.0 million)。董事会每个财政年度均宣布派发每股 2 仙的终期单层股息,每年向公司股东支付 RM13,397,608(约 RM13.4 million)。抵押资产构成了借款便利的重要担保:作为投资物业抵押给金融机构的永久地契土地及建筑物在 2023 财年为 RM277.2 million。已抵押的已完工开发物业在 2023 财年为 RM274.6 million,2024 财年为 RM217.5 million。

Source: annual report 2023, pages 68, 88, 131, 142; annual report 2024, pages 63, 83, 108, 122; annual report 2025, pages 80, 102, 128, 147.出处:2023 年年报第 68、88、131、142 页;2024 年年报第 63、83、108、122 页;2025 年年报第 80、102、128、147 页。

Still to be spent尚未支出的承诺

The reports disclosed no share of capital commitments from associates or joint ventures as at 30 June 2025. On 10 March 2025, the company lodged a Medium Term Notes programme with the Securities Commission Malaysia of RM500,000,000 in nominal value, having completed its first issuance of RM50,000,000 on 18 June 2025.截至 2025 年 6 月 30 日,年报披露无来自联营公司或合营企业的应占资本承诺。2025 年 3 月 10 日,公司向马来西亚证券委员会提交了名义价值为 RM500,000,000 的中期票据计划,并于 2025 年 6 月 18 日完成了首期 RM50,000,000 的发行。

Source: annual report 2025, pages 137, 140, 160.出处:2025 年年报第 137、140、160 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2022202320242025
RM'000千令吉RM'000千令吉RM'000千令吉RM'000千令吉
Revenue营业额434,066434,349434,140449,521
Profit before tax税前盈利50,00756,06665,08439,921
Profit for the financial year财政年度盈利28,12938,87555,81225,363
Net cash flows generated from operating activities营运活动产生的现金净额6,126204,84291,048196,029
Acquisitions of property, plant and equipment购置物业、厂房及设备(1,823)(1,057)(808)(5,860)
Dividends paid to shareholders of the Company派付予公司股东的股息(13,398)(13,398)(13,398)(13,398)
Total assets总资产2,338,0792,245,6632,191,3302,671,259
Loans and borrowings贷款与借款738,167602,257495,889542,614
Cash and bank balances现金与银行结余103,309169,207101,213142,669
Total equity总权益1,391,6491,414,0861,450,3471,848,734

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
Target to install a 25kWp solar PV system on the upcoming Emerald Rawang Clubhouse in FY2024目标在 2024 财年为即将建成的 Emerald Rawang 会所安装 25kWp 太阳能光伏系统Solar panels were installed on the multipurpose hall roof at Emerald Central in Emerald Rawang to supplement grid electricity.Emerald Rawang 的 Emerald Central 多功能厅屋顶安装了太阳能电池板以补充电网电力。

Source: annual report 2023, page 34; annual report 2025, page 36.出处:2023 年年报第 34 页;2025 年年报第 36 页。

Done at a different site在另一地点执行
Expect all new project sites to begin using Tenaga Nasional Berhad power supply within two months from initial commencement by FY2024预期到 2024 财年所有新项目工地在开工后两个月内开始使用国家能源公司电力供应The 2024 and 2025 reports confirmed that all new project sites are required to connect to Tenaga Nasional Berhad electricity supply within two months of commencing construction.2024 和 2025 年报确认所有新项目工地必须在开工后两个月内接入国家能源公司的电力供应。

Source: annual report 2023, page 34; annual report 2024, page 32; annual report 2025, page 37.出处:2023 年年报第 34 页;2024 年年报第 32 页;2025 年年报第 37 页。

Restated as a requirement重申为规定
Plan to install a rainwater harvesting system at Emerald Hub in Rawang during FY2024计划在 2024 财年于万挠 Emerald Hub 安装雨水收集系统The rainwater harvesting system at Emerald Central (Rawang) was completed.万挠 Emerald Central 的雨水收集系统已完工。

Source: annual report 2023, page 36; annual report 2024, page 33.出处:2023 年年报第 36 页;2024 年年报第 33 页。

Done at a different site在另一地点执行
Plan to install water sub-meters at Emerald Hub in FY2024计划在 2024 财年于 Emerald Hub 安装水表分表Water sub-meters were installed at Emerald Central to monitor water usage.Emerald Central 已安装水表分表以监控用水量。

Source: annual report 2023, page 36; annual report 2024, page 33.出处:2023 年年报第 36 页;2024 年年报第 33 页。

Done at a different site在另一地点执行
Anytime Fitness set to open at DC Mall in December 2024Anytime Fitness 定于 2024 年 12 月在 DC Mall 开业Anytime Fitness was secured as a new tenant in DC Mall taking up space during the financial year.Anytime Fitness 在该财政年度作为新租户入驻 DC Mall 并占用场地。

Source: annual report 2024, page 22; annual report 2025, page 22.出处:2024 年年报第 22 页;2025 年年报第 22 页。

Tenant secured已获租户
Emerald 9 targeted to launch shoppes, residential units (Tower C) and commercial offices in the coming monthsEmerald 9 计划在未来数月推出商铺、住宅单位(Tower C)及商业办公室Tower C was launched in November 2023, while shops and office units were launched in 2024.Tower C 于 2023 年 11 月推出,商铺和办公单位于 2024 年推出。

Source: annual report 2023, page 17; annual report 2024, page 18; annual report 2025, page 18.出处:2023 年年报第 17 页;2024 年年报第 18 页;2025 年年报第 18 页。

Carried out已执行

What the reports leave open年报留下待看的事

  • Development progress of the 1,768-acre landbank in Jasin, Melaka into a modern industrial park township.将马六甲野新 1,768 英亩土地储备开发为现代工业园城镇的进展。

    Source: annual report 2025, pages 14, 16, 25.出处:2025 年年报第 14、16、25 页。

  • Further issuances under the RM500,000,000 Medium Term Notes programme following the initial RM50,000,000 issuance on 18 June 2025.继 2025 年 6 月 18 日首期发行 RM50,000,000 之后,在 RM500,000,000 中期票据计划下的后续发行情况。

    Source: annual report 2025, page 160.出处:2025 年年报第 160 页。

  • Expansion of healthcare offerings at DC Mall, with KL Fertility set to expand its premises to 15,816 square feet.DC Mall 医疗保健业务的扩展,KL Fertility 拟将其营业面积扩大至 15,816 平方英尺。

    Source: annual report 2025, page 22.出处:2025 年年报第 22 页。

  • Shareholder approval and consent for the proposed appointment of KPMG PLT as auditors in place of Ernst & Young PLT at the 101st AGM.在第 101 届股东周年大会上委任 KPMG PLT 接替 Ernst & Young PLT 担任审计师的拟议决议能否获得股东批准与同意。

    Source: annual report 2025, pages 198, 203, 205.出处:2025 年年报第 198、203、205 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。