DailySpaceBatu Kawan Berhad
1899 · Main Market主板 · annual reports 2023 to 2025, 3102 entries read2023 至 2025 年报，共读出 3102 条
The company这家公司
Batu Kawan Berhad is listed on the Main Market and operates through its subsidiaries in plantations, the manufacture of oleochemicals and industrial chemicals, as well as property development and investment. Its main operating subsidiary is Kuala Lumpur Kepong Berhad.Batu Kawan Berhad 在主板上市，通过旗下子公司经营种植、油脂化学品与工业化学品制造，以及房地产开发和投资。其主要营运子公司为 Kuala Lumpur Kepong Berhad。
Source: annual report 2023, page 25; annual report 2025, page 34.出处：2023 年年报第 25 页；2025 年年报第 34 页。
A 2025 table by region lists RM5,897.3 million for South East Asia, RM4,996.8 million for Europe, RM4,692.9 million for the Far East, and RM4,589.0 million for Malaysia. There was no single customer with revenue equal to or more than 10% of group revenue.2025 年按地区列示的表格中，东南亚 RM5,897.3 million、欧洲 RM4,996.8 million、远东 RM4,692.9 million、马来西亚 RM4,589.0 million。没有任何单一客户占集团营业额 10% 或以上。
Source: annual report 2023, page 201; annual report 2025, pages 205, 212.出处：2023 年年报第 201 页；2025 年年报第 205、212 页。
In the 2025 analysis of shareholdings, Arusha Enterprise Sdn Bhd held 165,125,639 shares (42.523%), Wan Hin Investments Sdn Berhad held 23,206,329 shares (5.976%), and Yeoh Chin Hin Investments Sdn Berhad held 22,012,000 shares (5.669%). Pledged accounts included Maybank Nominees (Tempatan) Sdn Bhd pledged for Lembaga Kemajuan Tanah Persekutuan with 11,500,000 shares (2.962%) and Malaysia Nominees (Tempatan) Sendirian Berhad pledged for High Quest Holdings Sdn Bhd with 9,200,000 shares (2.369%).在 2025 年的股权架构分析中，Arusha Enterprise Sdn Bhd 持有 165,125,639 股（42.523%），Wan Hin Investments Sdn Berhad 持有 23,206,329 股（5.976%），Yeoh Chin Hin Investments Sdn Berhad 持有 22,012,000 股（5.669%）。抵押账户包括 Maybank Nominees (Tempatan) Sdn Bhd（Lembaga Kemajuan Tanah Persekutuan 抵押账户）持有 11,500,000 股（2.962%），以及 Malaysia Nominees (Tempatan) Sendirian Berhad（High Quest Holdings Sdn Bhd 抵押账户）持有 9,200,000 股（2.369%）。
Source: annual report 2025, page 227.出处：2025 年年报第 227 页。
Tan Sri Dato' Seri Lee Oi Hian (BKB Chairman) and Dato' Lee Hau Hian (BKB Managing Director) are brothers. Mr. Lee Yuan Zhang is the son of Dato' Lee Hau Hian and nephew of Tan Sri Dato' Seri Lee Oi Hian. Both are major shareholders of BKB, and Wan Hin Investments Sdn Berhad is the holding company of Arusha Enterprise Sdn Bhd.Tan Sri Dato' Seri Lee Oi Hian（BKB 主席）与 Dato' Lee Hau Hian（BKB 董事经理）为兄弟。Mr. Lee Yuan Zhang 是 Dato' Lee Hau Hian 之子及 Tan Sri Dato' Seri Lee Oi Hian 之侄。两人均为 BKB 的主要股东，而 Wan Hin Investments Sdn Berhad 是 Arusha Enterprise Sdn Bhd 的控股公司。
Source: annual report 2023, pages 18, 20; annual report 2025, page 19.出处：2023 年年报第 18、20 页；2025 年年报第 19 页。
Tan Sri Rastam bin Mohd Isa resigned as an Independent Non-Executive Director in October 2023. Mr. Quah Chek Tin retired on 28 February 2025, and Mr. Yeoh Keat Seng was appointed on 3 March 2025.Tan Sri Rastam bin Mohd Isa 于 2023 年 10 月辞任独立非执行董事。Mr. Quah Chek Tin 于 2025 年 2 月 28 日退任，Mr. Yeoh Keat Seng 于 2025 年 3 月 3 日获委任。
Source: annual report 2023, page 69; annual report 2025, page 86.出处：2023 年年报第 69 页；2025 年年报第 86 页。
External revenue by segment, 20252025 年各部门外部营业额占比
Source: annual report 2025, page 201.出处：2025 年年报第 201 页。
Major events大事记
Source: annual report 2023, page 194.出处：2023 年年报第 194 页。
Source: annual report 2023, page 69.出处：2023 年年报第 69 页。
Source: annual report 2024, pages 30, 206.出处：2024 年年报第 30、206 页。
Source: annual report 2024, page 207.出处：2024 年年报第 207 页。
Source: annual report 2025, page 86.出处：2025 年年报第 86 页。
Source: annual report 2025, pages 183, 184.出处：2025 年年报第 183、184 页。
Revenue, profit and operating cash营业额、净利与营运现金
Assets, equity and borrowings资产、权益与借款
20232023 年
In 2023, net cash generated from operating activities was RM2,167.6 million. Spending on property, plant and equipment was RM1,661.4 million, while purchase of shares in subsidiaries net of cash acquired took RM108.9 million. A wholly-owned subsidiary of KLK group completed the acquisition of 90% of Temix Oleo S.p.A for cash consideration of RM143.3 million. Dividends paid were RM432.7 million to shareholders of the Company and RM650.7 million to non-controlling interests. The Company repurchased 180,900 of its issued shares from the open market for RM3,709,000.2023 年，营运活动所得现金净额为 RM2,167.6 million。购置物业、厂房及设备支出为 RM1,661.4 million，收购子公司扣除所得现金后用去 RM108.9 million。KLK 集团旗下一家全资子公司以 RM143.3 million 现金代价完成收购 Temix Oleo S.p.A 90% 股权。向本公司股东支付股息 RM432.7 million，向非控股权益支付股息 RM650.7 million。公司从公开市场回购 180,900 股已发行股份，耗资 RM3,709,000。
Source: annual report 2023, pages 111, 123, 194.出处：2023 年年报第 111、123、194 页。
20242024 年
In 2024, net cash generated from operating activities was RM1,861.3 million. Purchase of property, plant and equipment was RM1,684.0 million. Purchase and subscription of shares in an associate took RM409.7 million, while purchase of shares from non-controlling interests took RM578.2 million, including the compulsory acquisition of the remaining 4.57% in KSN for RM137.6 million. Term loan drawdowns were RM1,370.9 million and term loan repayments were RM509.4 million. Dividends paid were RM235.9 million to shareholders of the Company and RM319.4 million to non-controlling interests. The Company bought back 1,210,800 shares for RM23,811,000.2024 年，营运活动所得现金净额为 RM1,861.3 million。购置物业、厂房及设备为 RM1,684.0 million。购买与认购联营公司股份支出 RM409.7 million，向非控股权益购买股份用去 RM578.2 million，包括以 RM137.6 million 强制收购 KSN 剩余 4.57% 股权。提取定期贷款 RM1,370.9 million，偿还定期贷款 RM509.4 million。向本公司股东支付股息 RM235.9 million，向非控股权益支付股息 RM319.4 million。公司耗资 RM23,811,000 回购 1,210,800 股股份。
Source: annual report 2024, pages 122, 135, 207.出处：2024 年年报第 122、135、207 页。
20252025 年
In 2025, net cash generated from operating activities was RM1,384.5 million. Spending on property, plant and equipment decreased to RM1,040.2 million. A subsidiary issued RM650.0 million of Islamic Medium Term Notes, while RM1,100.0 million of Islamic Medium Term Notes was redeemed. Net drawdowns of short-term borrowings were RM1,383.9 million, and term loan repayments were RM659.0 million. Dividends paid were RM233.8 million to shareholders of the Company and RM404.0 million to non-controlling interests. The Company bought back 3,363,200 shares for RM65,818,000.2025 年，营运活动所得现金净额为 RM1,384.5 million。购置物业、厂房及设备支出降至 RM1,040.2 million。一家子公司发行了 RM650.0 million 的伊斯兰中期票据，同时赎回了 RM1,100.0 million 的伊斯兰中期票据。短期借款净提取 RM1,383.9 million，偿还定期贷款 RM659.0 million。向本公司股东支付股息 RM233.8 million，向非控股权益支付股息 RM404.0 million。公司耗资 RM65,818,000 回购 3,363,200 股股份。
Source: annual report 2025, pages 116, 129.出处：2025 年年报第 116、129 页。
Across the three years三年合看
Total borrowings rose from RM10,409.3 million in 2023 to RM11,737.0 million in 2024 and RM12,202.9 million in 2025. Group results included impairment losses on the investment in associate Synthomer plc of RM180.0 million in 2024 and RM60.00 million in 2025. Total ordinary dividends declared per share were 60 sen in 2023, 60 sen in 2024, and 70 sen in 2025.总借款从 2023 年的 RM10,409.3 million 增至 2024 年的 RM11,737.0 million 及 2025 年的 RM12,202.9 million。集团业绩包含了对联营公司 Synthomer plc 投资的减值亏损，2024 年为 RM180.0 million，2025 年为 RM60.00 million。每股宣布派发的普通股息总额在 2023 年为 60 仙，2024 年为 60 仙，2025 年为 70 仙。
Source: annual report 2023, pages 25, 180; annual report 2024, pages 29, 125, 228; annual report 2025, pages 34, 119, 219.出处：2023 年年报第 25、180 页；2024 年年报第 29、125、228 页；2025 年年报第 34、119、219 页。
Still to be spent尚未支出的承诺
At 30 September 2025, capital expenditure approved and contracted for was RM308.0 million (2024: RM607.4 million; 2023: RM1,018.3 million). Capital expenditure approved but not contracted was RM980.4 million (2024: RM913.5 million; 2023: RM1,579.1 million). Share of capital commitments of a joint venture was RM38.2 million.截至 2025 年 9 月 30 日，已核准并签约的资本开支为 RM308.0 million（2024 年：RM607.4 million；2023 年：RM1,018.3 million）。已核准但未签约的资本开支为 RM980.4 million（2024 年：RM913.5 million；2023 年：RM1,579.1 million）。合营公司的资本承诺份额为 RM38.2 million。
Source: annual report 2023, page 185; annual report 2024, page 195; annual report 2025, page 187.出处：2023 年年报第 185 页；2024 年年报第 195 页；2025 年年报第 187 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 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 28,223,929 | 24,653,397 | 23,060,152 | 25,724,896 |
| Profit before taxation税前盈利 | 3,445,078 | 1,278,700 | 1,238,825 | 1,609,403 |
| Profit for the year年度净利 | 2,584,226 | 1,085,793 | 757,968 | 1,045,938 |
| Net cash generated from operating activities营运活动所得现金净额 | 2,881,119 | 2,167,632 | 1,861,298 | 1,384,452 |
| Purchase of property, plant and equipment购置物业、厂房及设备 | (1,308,506) | (1,661,384) | (1,684,040) | (1,040,240) |
| Dividends paid to shareholders of the Company已付本公司股东股息 | (433,400) | (432,719) | (235,901) | (233,759) |
| Dividends paid to non-controlling interests已付非控股权益股息 | (747,599) | (650,683) | (319,442) | (404,017) |
| Total assets总资产 | 32,361,608 | 31,907,533 | 32,043,981 | 33,116,398 |
| Total borrowings总借款 | 10,406,667 | 10,409,261 | 11,736,950 | 12,202,903 |
| Cash and cash equivalents现金及现金等价物 | 3,201,583 | 2,717,057 | 2,786,024 | 2,749,508 |
| Total equity总权益 | 16,931,467 | 17,197,812 | 15,878,374 | 16,241,347 |
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 |
|---|---|---|
| Management decided to implement a strategic restructuring to consolidate basic oleo manufacturing to Emmerich and leave Düsseldorf to focus on specialties (2023)管理层决定实施战略重组，将基础油脂制造整合至 Emmerich，并让 Düsseldorf 专注于特种产品（2023 年） | The 2024 report stated that after strategic restructuring exercises in FY 2023, Europe operations improved, and the Düsseldorf fatty acid plant ceased operations.2024 年年报说明，在 2023 财政年度进行战略重组后，欧洲业务有所改善，Düsseldorf 脂肪酸厂已停止运营。 Source: annual report 2023, page 40; annual report 2024, page 42.出处：2023 年年报第 40 页；2024 年年报第 42 页。 | Carried out已执行 |
| Replacing and upgrading older electrolysers at chlor-alkali plants to improve power consumption efficiency and competitiveness (2023)更换和升级氯碱厂较陈旧的电解槽，以提升耗电效率和竞争力（2023 年） | Replacement at three chlor-alkali plants was completed during 2024, and in 2025 higher Chlor-Alkali profits were supported by newer electrolyser technology.三座氯碱厂的电解槽更换于 2024 年完成，2025 年氯碱业务利润增加得益于新型电解槽技术。 Source: annual report 2023, page 36; annual report 2024, page 30; annual report 2025, page 29.出处：2023 年年报第 36 页；2024 年年报第 30 页；2025 年年报第 29 页。 | Completed已完成 |
| Developing a 2-storey neighbourhood shopping mall with 300,000 square feet net floor area at Bandar Seri Coalfields (2023)在 Bandar Seri Coalfields 建设净楼面面积约 300,000 平方英尺的 2 层社区购物中心（2023 年） | In 2025, construction of the Coalfields Retail Mall reached 90% with approximately 73% of tenants secured, targeted for handover in 2026.2025 年，Coalfields Retail Mall 建设进度达 90%，已落实约 73% 租户，目标于 2026 年交付。 Source: annual report 2023, page 26; annual report 2025, page 29.出处：2023 年年报第 26 页；2025 年年报第 29 页。 | Under construction建设中 |
| Directors' fees endorsed to be held constant for three years (2023)董事会核准董事费保持三年不变（2023 年） | In November 2024, the Remuneration Committee recommended and the Board approved an increase in fees of Non-Executive Directors and Board Committees, approved at the 60th AGM to remain constant for FY 2024 to FY 2026.2024 年 11 月，薪酬委员会建议且董事会核准调高非执行董事与董事会委员会的费用，并在第 60 届股东大会上获得通过，保持在 2024 至 2026 财政年度不变。 Source: annual report 2023, page 92; annual report 2024, page 7; annual report 2025, page 7.出处：2023 年年报第 92 页；2024 年年报第 7 页；2025 年年报第 7 页。 | Revised early提前调整 |
| In FY 2024 the Industrial Chemical group was restructured so that wholly-owned subsidiary CCM became their holding company (2024)2024 财政年度工业化学品集团已完成重组，由全资子公司 CCM 成为其控股公司（2024 年） | The 2025 report focused its reporting on the KLK Group and the CCM Group.2025 年报告的呈报重点集中于 KLK Group 和 CCM Group。 Source: annual report 2024, page 30; annual report 2025, page 43.出处：2024 年年报第 30 页；2025 年年报第 43 页。 | Carried out已执行 |
What the reports leave open年报留下待看的事
- Whether operational restructuring at associate Synthomer plc can stop further equity losses and impairments, following charges of RM180.0 million in 2024 and RM60.00 million in 2025.在 2024 年发生 RM180.0 million 及 2025 年发生 RM60.00 million 的减值后，联营公司 Synthomer plc 的业务重组能否止住进一步的权益亏损与减值。
Source: annual report 2024, page 125; annual report 2025, pages 29, 119.出处：2024 年年报第 125 页；2025 年年报第 29、119 页。
- Completion and opening of the Coalfields Retail Mall targeted for handover in 2026, and industrial development progress at KLK TechPark in Tanjong Malim.目标于 2026 年交付的 Coalfields Retail Mall 的竣工开业情况，以及丹绒马林 KLK TechPark 工业园区的开发进展。
Source: annual report 2025, pages 29, 41.出处：2025 年年报第 29、41 页。
- Assessment of potential tax liabilities under the OECD Pillar Two model rules scheduled for implementation in Malaysia.对预计在马来西亚实施的经合组织（OECD）第二支柱范本规则下潜在税务负债的评估。
Source: annual report 2025, page 167.出处：2025 年年报第 167 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。