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

Harbour-Link Group Berhad

2062 · Main Market主板(Main Market) · annual reports 2023 to 2025, 1391 entries read2023 至 2025 年报,共读出 1391 条

Revenue, 20252025 年营业额RM1,032.3m10.32亿令吉up 9.6% from比 2024 年增加 9.6%,当年为 RM941.6m9.42亿令吉 in 2024
Profit before tax, 20252025 年税前盈利RM160.2m1.60亿令吉up 27.4% from比 2024 年增加 27.4%,当年为 RM125.7m1.26亿令吉 in 2024
Net cash flows generated from operating activities, 20252025 年营运活动所得现金净额RM132.4m1.32亿令吉up 8.8% from比 2024 年增加 8.8%,当年为 RM121.6m1.22亿令吉 in 2024
Loans and borrowings, 20252025 年贷款与借款RM77.1m7.71千万令吉up 56.5% from比 2024 年增加 56.5%,当年为 RM49.3m4.93千万令吉 in 2024

The company这家公司

Harbour-Link Group Berhad was incorporated on 17 September 2002 and listed on the Main Market of Bursa Malaysia Securities Berhad on 6 January 2004. It operates multimodal transportation under a licence registered with the Ministry of Finance as a Multimodal Transport Operator. In the 2025 report, its fleet comprised 10 container vessels and 4 sets of tugs and barges, with a total capacity of 8,432 TEUs.Harbour-Link Group Berhad 于 2002 年 9 月 17 日注册成立,并于 2004 年 1 月 6 日在马来西亚证券交易所主板上市。公司以多式联运营运商执照在财政部注册营运多式联运业务。根据 2025 年报,其船队拥有 10 艘集装箱船及 4 组拖船和驳船,总运力为 8,432 个标准箱(TEU)。

Source: annual report 2024, pages 12, 16; annual report 2025, page 15.出处:2024 年年报第 12、16 页;2025 年年报第 15 页。

In 2025, external sales were RM1,032,264,155.2025 年,外部销售额为 RM1,032,264,155。

Source: annual report 2025, page 196.出处:2025 年年报第 196 页。

By destination in 2025, Malaysia brought RM838,369,461 of revenue, Hong Kong/China RM191,398,373, Brunei RM2,321,424, and Singapore RM174,897. Approximately 10% of the group's trade receivables at 30 June 2025 were due from five major customers located in Malaysia.按目的地划分,2025 年马来西亚贡献营业额 RM838,369,461,中国香港/中国大陆贡献 RM191,398,373,文莱贡献 RM2,321,424,新加坡贡献 RM174,897。截至 2025 年 6 月 30 日,集团约 10% 的应收账款来自位于马来西亚的五大主要客户。

Source: annual report 2025, pages 190, 199.出处:2025 年年报第 190、199 页。

In the 2025 report, Enricharvest Sdn. Bhd. held 126,258,306 shares (31.68%) and United Joy Sdn. Bhd. held 86,561,420 shares (21.72%). Dato Yong Piaw Soon and Wong Siong Seh each held deemed interests of 212,819,726 shares (53.40%) In direct accounts, Dato Yong Piaw Soon held 39,826,599 shares (9.99%) and Wong Siong Seh held 22,274,360 shares (5.59%). None of the directors have any family relationship with any director or major shareholder of the company.在 2025 年报中,Enricharvest Sdn. Bhd. 持有 126,258,306 股(31.68%),United Joy Sdn. Bhd. 持有 86,561,420 股(21.72%)。Dato Yong Piaw Soon 与 Wong Siong Seh 各自拥有 212,819,726 股(53.40%)的视同权益。在直接账户中,Dato Yong Piaw Soon 持有 39,826,599 股(9.99%),Wong Siong Seh 持有 22,274,360 股(5.59%)。董事之间以及与主要股东之间均无任何亲属关系。

Source: annual report 2025, pages 9, 200, 201.出处:2025 年年报第 9、200、201 页。

Kenanga Nominees (Tempatan) Sdn. Bhd. held pledged securities accounts for United Joy Sdn. Bhd. with 47,665,420 shares (11.96%), Enricharvest Sdn. Bhd. with 47,458,400 shares (11.91%), Dato Yong Piaw Soon with 39,826,599 shares (9.99%), Wong Siong Seh with 11,617,400 shares (2.91%), and Hii Kwong Wui with 5,601,500 shares (1.41%). RHB Nominees (Tempatan) Sdn. Bhd. held a pledged securities account for Wong Siong Seh with 7,356,960 shares (1.85%).Kenanga Nominees (Tempatan) Sdn. Bhd. 为多个股东持有抵押证券账户:United Joy Sdn. Bhd. 47,665,420 股(11.96%)、Enricharvest Sdn. Bhd. 47,458,400 股(11.91%)、Dato Yong Piaw Soon 39,826,599 股(9.99%)、Wong Siong Seh 11,617,400 股(2.91%)及 Hii Kwong Wui 5,601,500 股(1.41%)。RHB Nominees (Tempatan) Sdn. Bhd. 亦为 Wong Siong Seh 持有 7,356,960 股(1.85%)的抵押证券账户。

Source: annual report 2025, page 201.出处:2025 年年报第 201 页。

Datu Ir. Haji Mohidden Bin Haji Ishak resigned from the board on 2 September 2023. Bo Jow Yung resigned on 27 October 2022.Datu Ir. Haji Mohidden Bin Haji Ishak 于 2023 年 9 月 2 日辞任董事。Bo Jow Yung 于 2022 年 10 月 27 日辞任。

Source: annual report 2023, pages 3, 70; annual report 2024, page 96.出处:2023 年年报第 3、70 页;2024 年年报第 96 页。

Revenue by country, 20252025 年按国家划分的营业额

Malaysia: 81.2%Hong Kong/China: 18.5%Brunei: 0.2%Singapore: 0.0%
Malaysia 81.2%马来西亚 81.2%Hong Kong/China 18.5%中国香港/中国大陆 18.5%Brunei 0.2%文莱 0.2%Singapore 0.0%新加坡 0.0%

Source: annual report 2025, page 199.出处:2025 年年报第 199 页。

Major events大事记

2022On 27 October 2022, HLG Resources Sdn. Bhd. acquired an additional 20% interest in HLG Equipment Sdn Bhd for cash consideration of RM2.172 million.2022 年 10 月 27 日,HLG Resources Sdn. Bhd. 以现金代价 RM2.172 million 收购 HLG Equipment Sdn Bhd 额外 20% 权益。

Source: annual report 2023, page 132.出处:2023 年年报第 132 页。

2023On 13 February 2023, the company disposed of 30% of its equity interest in ECL (Malaysia) Sdn. Bhd. for cash consideration of RM4.98 million.2023 年 2 月 13 日,公司以现金代价 RM4.98 million 脱售 ECL (Malaysia) Sdn. Bhd. 的 30% 股权。

Source: annual report 2023, page 137.出处:2023 年年报第 137 页。

2023In August 2023, the group commissioned a 160kWdc solar photovoltaic system at its Negeri Sembilan engineering office and workshop.2023 年 8 月,集团位于森美兰的工程办公室与车间启用了 160kWdc 太阳能光伏系统。

Source: annual report 2024, page 41.出处:2024 年年报第 41 页。

2024On 22 March 2024, the group received RM28,039 in capital distribution from the winding up of joint venture A&H Project Services Sdn. Bhd.2024 年 3 月 22 日,集团从合营企业 A&H Project Services Sdn. Bhd. 清盘中获得 RM28,039 资本分配款。

Source: annual report 2024, page 162.出处:2024 年年报第 162 页。

2024On 28 June 2024, HLG Petroleum Sdn. Bhd. acquired a 7.23% equity interest in Advance Mariner Lines Sdn. Bhd. for cash consideration of RM2,635,750.2024 年 6 月 28 日,HLG Petroleum Sdn. Bhd. 以现金代价 RM2,635,750 收购 Advance Mariner Lines Sdn. Bhd. 的 7.23% 股权。

Source: annual report 2024, page 155.出处:2024 年年报第 155 页。

2024On 4 December 2024, the company subscribed for 24,649,915 additional ordinary shares in Harbour-Link Navigation Sdn. Bhd. for cash consideration of RM24,649,915.2024 年 12 月 4 日,公司以现金代价 RM24,649,915 认购 Harbour-Link Navigation Sdn. Bhd. 的 24,649,915 股额外普通股。

Source: annual report 2025, page 164.出处:2025 年年报第 164 页。

2025On 2 April 2025, the company subscribed for 6,000,000 additional ordinary shares in HLG Resources Sdn. Bhd. for cash consideration of RM6,000,000.2025 年 4 月 2 日,公司以现金代价 RM6,000,000 认购 HLG Resources Sdn. Bhd. 的 6,000,000 股额外普通股。

Source: annual report 2025, page 164.出处:2025 年年报第 164 页。

Revenue, profit before tax and operating cash营业额、税前盈利与营运现金

Revenue营业额
2022
RM907.5m9.08亿令吉
2023
RM1,007.0m10.07亿令吉
2024
RM941.6m9.42亿令吉
2025
RM1,032.3m10.32亿令吉
Profit before tax税前盈利
2022
RM200.3m2.00亿令吉
2023
RM195.0m1.95亿令吉
2024
RM125.7m1.26亿令吉
2025
RM160.2m1.60亿令吉
Net cash flows generated from operating activities营运活动所得现金净额
2022
RM211.6m2.12亿令吉
2023
RM207.7m2.08亿令吉
2024
RM121.6m1.22亿令吉
2025
RM132.4m1.32亿令吉

Assets, equity and borrowings总资产、总权益与借款

TOTAL ASSETS总资产
2022
RM962.0m9.62亿令吉
2023
RM1,088.3m10.88亿令吉
2024
RM1,165.7m11.66亿令吉
2025
RM1,292.0m12.92亿令吉
TOTAL EQUITY总权益
2022
RM714.9m7.15亿令吉
2023
RM861.7m8.62亿令吉
2024
RM933.9m9.34亿令吉
2025
RM1,036.6m10.37亿令吉
Loans and borrowings贷款与借款
2022
RM62.8m6.28千万令吉
2023
RM49.3m4.93千万令吉
2024
RM49.3m4.93千万令吉
2025
RM77.1m7.71千万令吉

20232023 年

Operating activities generated net cash flows of RM207,671,295. Capital expenditure was RM56.11 million, including cash acquisition of property, plant and equipment of RM48,664,206. Acquisition of investment securities used RM89,138,922. The group acquired an additional 20% interest in HLG Equipment Sdn Bhd for cash consideration of RM2,172,000, and disposed of 30% of ECL (Malaysia) Sdn. Bhd. for cash consideration of RM4.98 million, with net cash inflow of RM4,978,129. Proceeds from loans and borrowings were RM26,542,000, while repayments were RM31,970,755 and lease principal repayments were RM16,419,855. Dividends paid on ordinary shares were RM21,928,175 and dividends paid to non-controlling interests in subsidiaries were RM4,970,000.营运活动产生现金净额 RM207,671,295。资本开支为 RM56.11 million,其中添置物业、厂房及设备支付现金 RM48,664,206。购买投资证券支出 RM89,138,922。集团以现金代价 RM2,172,000 收购 HLG Equipment Sdn Bhd 额外 20% 权益,并以现金代价 RM4.98 million 脱售 ECL (Malaysia) Sdn. Bhd. 的 30% 权益,现金净流入 RM4,978,129。提取贷款与借款 RM26,542,000,偿还贷款与借款 RM31,970,755,偿还租赁本金 RM16,419,855。已付普通股股息 RM21,928,175,支付予子公司非控股权益的股息为 RM4,970,000。

Source: annual report 2023, pages 15, 86, 87, 132, 137.出处:2023 年年报第 15、86、87、132、137 页。

20242024 年

Operating activities generated net cash flows of RM121,610,442. Capital expenditure was RM107.60 million, with cash purchase of property, plant and equipment of RM107,602,973. Redemption of investment securities provided RM25,611,624 and disposal of property, plant and equipment brought RM3,891,318. HLG Petroleum Sdn. Bhd. acquired a 7.23% interest in Advance Mariner Lines Sdn. Bhd. for cash consideration of RM2,635,750. Issuance of shares to non-controlling interests brought RM9,750,000. Loans and borrowings drew RM2,000,000 and repaid RM546,774, while lease principal repayments were RM14,267,517. Dividends paid on ordinary shares were RM23,914,602 and dividends paid to non-controlling interests in subsidiaries were RM17,787,000.营运活动产生现金净额 RM121,610,442。资本开支为 RM107.60 million,其中添置物业、厂房及设备支付现金 RM107,602,973。赎回投资证券收回 RM25,611,624,出售物业、厂房及设备获得 RM3,891,318。HLG Petroleum Sdn. Bhd. 以现金代价 RM2,635,750 收购 Advance Mariner Lines Sdn. Bhd. 的 7.23% 权益。向非控股权益发行股份获得 RM9,750,000。提取贷款与借款 RM2,000,000,偿还贷款与借款 RM546,774,偿还租赁本金 RM14,267,517。已付普通股股息 RM23,914,602,支付予子公司非控股权益的股息为 RM17,787,000。

Source: annual report 2024, pages 15, 111, 112, 155.出处:2024 年年报第 15、111、112、155 页。

20252025 年

Operating activities generated net cash flows of RM132,354,400. Capital expenditure was RM101.79 million, with cash paid for property, plant and equipment of RM49,073,098 and new lease additions of RM52,719,087. Proceeds from disposal of property, plant and equipment were RM11,078,003. Acquisition of investment securities used RM13,277,087. Proceeds from issuance of ordinary shares to non-controlling interests were RM4,350,000. Proceeds from loans and borrowings were RM655,873, repayments of loans and borrowings were RM6,835,328, and lease liability principal repayments were RM14,495,190. Dividends paid on ordinary shares were RM23,914,602 and dividends paid to non-controlling interests in subsidiaries were RM14,466,500. Total loans and borrowings increased to RM77,133,656.营运活动产生现金净额 RM132,354,400。资本开支为 RM101.79 million,其中添置物业、厂房及设备支付现金 RM49,073,098,新租赁增加 RM52,719,087。出售物业、厂房及设备所得为 RM11,078,003。购买投资证券支出 RM13,277,087。向非控股权益发行普通股获得 RM4,350,000。提取贷款与借款 RM655,873,偿还贷款与借款 RM6,835,328,偿还租赁负债本金 RM14,495,190。已付普通股股息 RM23,914,602,支付予子公司非控股权益的股息为 RM14,466,500。贷款与借款总额增加至 RM77,133,656。

Source: annual report 2025, pages 14, 15, 118, 119, 155.出处:2025 年年报第 14、15、118、119、155 页。

Across the three years三年合看

Cash at bank stood at RM287.08 million in 2023, RM283.38 million in 2024, and RM305.24 million in 2025. Borrowings, described in the reports as net borrowings, were RM49.32 million in 2023, RM49.29 million in 2024, and RM77.13 million in 2025. The net gearing ratio remained NIL in all three reports as the group held a net cash position. For each of 2023, 2024 and 2025 the company paid a first interim dividend of 3.0 sen per share; a final dividend of 3.0 sen per share was proposed for 2023 and 2024 and declared for 2025.银行现金在 2023 年为 RM287.08 million,2024 年为 RM283.38 million,2025 年为 RM305.24 million。借款(年报称为净借款)在 2023 年为 RM49.32 million,2024 年为 RM49.29 million,2025 年为 RM77.13 million。由于集团处于净现金状态,三份年报中的净负债比率均为 NIL。公司在 2023、2024 及 2025 年度各派付每股 3.0 仙的首次中期股息;每股 3.0 仙的终期股息在 2023 与 2024 年度为建议派发,2025 年度为已宣布。

Source: annual report 2023, pages 15, 69, 70; annual report 2024, pages 14, 95, 96, 187; annual report 2025, pages 14, 102.出处:2023 年年报第 15、69、70 页;2024 年年报第 14、95、96、187 页;2025 年年报第 14、102 页。

Still to be spent尚未支出的承诺

Capital expenditure approved and contracted for property, plant and equipment was RM25,896,109 in 2023, RM719,640 in 2024, and RM32,402,270 in 2025. Future commitments stated in the reports were RM25.90 million in 2023, RM719,640 in 2024, and RM32.40 million in 2025; the 2024 and 2025 reports say they will be financed by internal resources.已批准并签约的物业、厂房及设备资本支出在 2023 年为 RM25,896,109,2024 年为 RM719,640,2025 年为 RM32,402,270。年报中陈述的未来承诺在 2023 年为 RM25.90 million,2024 年为 RM719,640,2025 年为 RM32.40 million;2024 与 2025 年报称将以内部资源融资。

Source: annual report 2023, pages 15, 153; annual report 2024, pages 15, 175; annual report 2025, pages 15, 182.出处:2023 年年报第 15、153 页;2024 年年报第 15、175 页;2025 年年报第 15、182 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2022202320242025
RM令吉RM令吉RM令吉RM令吉
Revenue营业额907,503,4801,006,956,289941,631,2951,032,264,155
Profit before tax税前盈利200,307,058195,027,562125,728,592160,209,050
Net cash flows generated from operating activities营运活动所得现金净额211,570,223207,671,295121,610,442132,354,400
Net cash flows used in investing activities投资活动所用现金净额(83,281,016)(133,985,313)(80,534,242)(51,130,682)
Net cash flows used in financing activities融资活动所用现金净额(44,668,867)(64,332,598)(43,171,660)(47,488,170)
Cash and bank balances现金与银行结余260,400,671287,077,123283,376,851305,245,338
Loans and borrowings贷款与借款62,814,62949,324,94749,287,89077,133,656
TOTAL ASSETS总资产962,000,9861,088,276,0931,165,725,1651,292,002,062
TOTAL LIABILITIES总负债247,132,273226,529,903231,806,642255,434,568
TOTAL EQUITY总权益714,868,713861,746,190933,918,5231,036,567,494

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
Property division intends to apply to relevant authorities for the 3rd Phase of Kidurong Gateway Projects consisting of 29 semi-detached industrial buildings房地产部门拟向有关当局申请 Kidurong Gateway 第三期项目,包含 29 栋半独立式工业建筑In 2024 and 2025, Kidurong Gateway Development was temporarily put on hold due to sluggish market conditions.2024 年和 2025 年,由于市场疲软,Kidurong Gateway 开发项目暂时搁置。

Source: annual report 2023, page 19; annual report 2024, page 16; annual report 2025, page 16.出处:2023 年年报第 19 页;2024 年年报第 16 页;2025 年年报第 16 页。

Put on hold搁置
Future commitments of RM25.90 million mainly comprising drydocking cost and acquisition of 2 new tugboats and 1 new barge未来承诺 RM25.90 million,主要包括坞修费用以及购置 2 艘新拖船和 1 艘新驳船The group took purchase of two container vessels, two tugboats, and one barge under the fleet renewal programme.集团在船队更新计划下购入了 2 艘集装箱船、2 艘拖船和 1 艘驳船。

Source: annual report 2023, page 15; annual report 2024, page 40; annual report 2025, page 43.出处:2023 年年报第 15 页;2024 年年报第 40 页;2025 年年报第 43 页。

Carried out已执行
Roll out mandatory Anti-Bribery & Corruption training for all employees in FY2025在 2025 财政年度向全体员工推广强制性反贿赂与反腐败培训The company rolled out a two-part ABC e-learning programme for all employees in FY2025.公司在 2025 财政年度向全体员工推出了由两部分组成的反贿赂与反腐败电子学习课程。

Source: annual report 2024, page 37; annual report 2025, page 39.出处:2024 年年报第 37 页;2025 年年报第 39 页。

Carried out已执行
Expand reporting scope to include carbon emissions data from all business segments starting next financial year计划自下一财政年度起将报告范围扩大至涵盖所有业务部门的碳排放数据The group expanded carbon emissions reporting scope in FY2025 and reported Scope 3 emissions for business travel and employee commuting.集团在 2025 财政年度扩大了碳排放报告范围,并首次报告了商务旅行和员工通勤的范围三排放。

Source: annual report 2024, page 39; annual report 2025, page 41.出处:2024 年年报第 39 页;2025 年年报第 41 页。

Scope expanded报告范围已扩大
Offset about 55 tCO2e yearly once Negeri Sembilan solar PV system is in operation in early FY2024森美兰太阳能光伏系统于 2024 财政年度初投入运作后,预计每年可抵消约 55 吨二氧化碳当量The system was commissioned in August 2023 and completed its first full year of operation in FY2025.该系统于 2023 年 8 月投入使用,并在 2025 财政年度完成了首个完整营运年度。

Source: annual report 2023, page 36; annual report 2024, page 41; annual report 2025, page 44.出处:2023 年年报第 36 页;2024 年年报第 41 页;2025 年年报第 44 页。

In operation运作中

What the reports leave open年报留下待看的事

  • Capital expenditure approved and contracted for property, plant and equipment stood at RM32,402,270 at 30 June 2025, compared with RM719,640 at 30 June 2024.截至 2025 年 6 月 30 日,已批准并签约的物业、厂房及设备资本支出为 RM32,402,270,而 2024 年 6 月 30 日为 RM719,640。

    Source: annual report 2024, page 175; annual report 2025, page 182.出处:2024 年年报第 175 页;2025 年年报第 182 页。

  • The group retains approximately 72.27 acres of industrial land in Tanjung Kidurong, Bintulu, while the Kidurong Gateway Development remained on hold.集团在民都鲁 Tanjung Kidurong 保留约 72.27 英亩工业用地,而 Kidurong Gateway 开发项目仍处于搁置状态。

    Source: annual report 2025, page 16.出处:2025 年年报第 16 页。

  • The Marine division carries a commitment to reduce Scope 1 carbon intensity emissions per transport work by at least 30% by 2040.海事部门承诺到 2040 年将每运输工作量的范围一碳排放强度降低至少 30%。

    Source: annual report 2025, page 43.出处:2025 年年报第 43 页。

  • Trade receivables past due at the reporting date but not impaired amounted to RM105,253,787 at 30 June 2025, compared with RM92,417,597 at 30 June 2024.截至 2025 年 6 月 30 日,逾期但未减值的应收账款为 RM105,253,787,而 2024 年 6 月 30 日为 RM92,417,597。

    Source: annual report 2025, page 192.出处:2025 年年报第 192 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。