DailySpaceMeta Bright Group Berhad
2097 · Main Market主板 · annual reports 2023 to 2025, 1598 entries read2023 至 2025 年报，共读出 1598 条
The company这家公司
Meta Bright Group Berhad operates in building materials, hospitality, property development, investment properties, energy-related businesses, and leasing and financing.Meta Bright Group Berhad 经营建材、酒店、房地产开发、投资产业、能源相关业务以及租赁与融资业务。
Source: annual report 2023, page 23; annual report 2024, page 16; annual report 2025, page 12.出处：2023 年年报第 23 页；2024 年年报第 16 页；2025 年年报第 12 页。
In 2025, the segment acquired in January 2024 contributed RM192.5 million or 80% of group revenue, while hotel operations contributed RM24.9 million.2025 年，2024 年 1 月收购的部门贡献了 RM192.5 million 营业额，占集团营业额的 80%，酒店业务则贡献了 RM24.9 million。
Source: annual report 2025, page 10.出处：2025 年年报第 10 页。
By geographical location, Malaysia generated RM231,216,236 of revenue in 2025, while Australia generated RM8,822,259 from leasing machinery and equipment to Mt Cuthbert Resources Pty Ltd.按地理区域划分，马来西亚在 2025 年产生营业额 RM231,216,236，澳大利亚则通过向 Mt Cuthbert Resources Pty Ltd 租赁机械与设备产生营业额 RM8,822,259。
Source: annual report 2025, pages 55, 86.出处：2025 年年报第 55、86 页。
The directors regard Leading Ventures Sdn. Bhd. as the holding company. In the thirty largest shareholders list, Leading Ventures Sdn Bhd holds 683,255,210 shares (25.18%) and 564,414,984 shares (20.80%). The account Malacca Equity Nominees (Tempatan) Sdn Bhd Leading Ventures Sdn. Bhd. holds 55,965,932 shares (2.06%).董事视 Leading Ventures Sdn. Bhd. 为控股公司。在三十大股东名册中，Leading Ventures Sdn Bhd 持有 683,255,210 股（25.18%）与 564,414,984 股（20.80%）。账户 Malacca Equity Nominees (Tempatan) Sdn Bhd Leading Ventures Sdn. Bhd. 持有 55,965,932 股（2.06%）。
Source: annual report 2025, pages 42, 101.出处：2025 年年报第 42、101 页。
Pledged securities accounts for Lee Chee Kiang held 47,787,300 shares (1.76%) at AllianceGroup Nominees and 53,456,800 shares (1.97%) at Affin Hwang Nominees.Lee Chee Kiang 在 AllianceGroup Nominees 的抵押证券账户持有 47,787,300 股（1.76%），在 Affin Hwang Nominees 的抵押证券账户持有 53,456,800 股（1.97%）。
Source: annual report 2025, page 101.出处：2025 年年报第 101 页。
One holder has a deemed interest by virtue of his interest in Leading Ventures Sdn. Bhd. Eric Wee Ei-Mas resigned as director on 31 January 2023.有一名股东因其在 Leading Ventures Sdn. Bhd. 的权益而拥有视同权益。Eric Wee Ei-Mas 于 2023 年 1 月 31 日辞去董事职务。
Source: annual report 2023, page 61; annual report 2025, pages 8, 101.出处：2023 年年报第 61 页；2025 年年报第 8、101 页。
Revenue by country, 20252025 年按国家划分的营业额
Source: annual report 2025, page 55.出处：2025 年年报第 55 页。
Major events大事记
Source: annual report 2023, pages 59, 65.出处：2023 年年报第 59、65 页。
Source: annual report 2023, pages 65, 152.出处：2023 年年报第 65、152 页。
Source: annual report 2023, page 54.出处：2023 年年报第 54 页。
Source: annual report 2024, page 74.出处：2024 年年报第 74 页。
Source: annual report 2024, pages 15, 78.出处：2024 年年报第 15、78 页。
Source: annual report 2024, page 86.出处：2024 年年报第 86 页。
Source: annual report 2025, pages 10, 42.出处：2025 年年报第 10、42 页。
Source: annual report 2025, pages 36, 42.出处：2025 年年报第 36、42 页。
Revenue and profit营业额与盈利
Borrowings, cash and equity借款、现金与权益
20232023 年
In 2023, net cash used in operating activities was RM15,185,598, and purchase of property, plant and equipment was RM16,223,676. A 20% share issuance of 389,469,246 new ordinary shares at RM0.1125 per share raised RM43,815,290.18. In addition, 381,538,461 ordinary shares at RM0.065 per share were issued to acquire commercial properties in Maran, Pahang for RM24,800,000. Term loans drawdown was RM1,982,987 while RM1,692,745 was repaid. The board did not recommend any dividend.2023 年，营运活动所用现金净额为 RM15,185,598，购买物业、厂房及设备支出为 RM16,223,676。按每股 RM0.1125 发行 389,469,246 股新普通股的 20% 发股集资了 RM43,815,290.18。此外，公司按每股 RM0.065 发行 381,538,461 股普通股，以 RM24,800,000 收购彭亨 Maran 的商业房产。提取定期贷款 RM1,982,987，偿还 RM1,692,745。董事会不建议派发任何股息。
Source: annual report 2023, pages 23, 54, 59, 79, 80, 152.出处：2023 年年报第 23、54、59、79、80、152 页。
20242024 年
In 2024, net cash from operating activities was RM95,931, while purchase of property, plant and equipment was RM41,403,484. The group acquired 70% of Expogaya Sdn. Bhd. for RM28,040,000, paying RM5,000,000 in cash and issuing 98,461,536 ordinary shares. Term loan drawdowns were RM64,166,558 against repayments of RM41,542,113, while net drawdown of bankers' acceptance was RM3,147,238 and revolving credits was RM2,638,871. Warrants B conversions brought RM5,794,395, and total loans and borrowings reached RM139,031,500. No dividend was recommended.2024 年，营运活动所得现金净额为 RM95,931，购买物业、厂房及设备支出为 RM41,403,484。集团以 RM28,040,000 收购 Expogaya Sdn. Bhd. 的 70% 股权，支付现金 RM5,000,000 并发行 98,461,536 股普通股。提取定期贷款 RM64,166,558，偿还 RM41,542,113，银行承兑汇票净提取 RM3,147,238，循环信贷净提取 RM2,638,871。凭单 B 转换带来 RM5,794,395，贷款与借款总额达到 RM139,031,500。董事会不建议派发股息。
Source: annual report 2024, pages 21, 86, 100, 101, 150, 170; annual report 2025, page 73.出处：2024 年年报第 21、86、100、101、150、170 页；2025 年年报第 73 页。
20252025 年
In 2025, operating activities generated net cash of RM14,540,423. Cash spent on purchase of property, plant and equipment was RM16,281,772, and purchase of investment properties was RM1,915,528. Bankers' acceptance had net drawdowns of RM12,223,195 and revolving credits had RM7,059,736, while term loans drew RM3,081,466 and repaid RM10,370,325, and hire purchase repayments were RM6,697,366. Interest paid was RM7,510,243. Conversion of Warrants B raised RM2,200,009, and total loans and borrowings reached RM157,099,404. No dividend was recommended.2025 年，营运活动产生现金净额 RM14,540,423。购买物业、厂房及设备支出为 RM16,281,772，购买投资产业支出为 RM1,915,528。银行承兑汇票净提取 RM12,223,195，循环信贷净提取 RM7,059,736，定期贷款提取 RM3,081,466 并偿还 RM10,370,325，分期付款偿还 RM6,697,366。已付利息为 RM7,510,243。凭单 B 转换筹得 RM2,200,009，贷款与借款总额达到 RM157,099,404。董事会不建议派发股息。
Source: annual report 2025, pages 12, 48, 91.出处：2025 年年报第 12、48、91 页。
Across the three years三年合看
Across the three years, revenue was RM34.1 million in 2023, RM103.1 million in 2024, and RM240 million in 2025. Total loans and borrowings rose from RM27 million in 2023 to RM139 million in 2024 and RM157 million in 2025. The freehold hotel land and building was appraised at RM80 million in 2023, RM82 million in 2024, and RM85 million in 2025. Impairment losses on the freehold hotel land and building and a renewable energy plant of RM4,649,645 in 2024 and RM6,057,838 in 2025 were reversed in profit or loss. No dividends were recommended or declared in any of the three years.三年合看，营业额在 2023 年为 RM34.1 million，2024 年为 RM103.1 million，2025 年为 RM240 million。贷款与借款总额由 2023 年的 RM27 million 增加至 2024 年的 RM139 million 和 2025 年的 RM157 million。永久地契酒店土地与建筑物在 2023 年估值为 RM80 million，2024 年为 RM82 million，2025 年为 RM85 million。永久地契酒店土地与建筑物及一座可再生能源厂的减值损失在 2024 年拨回 RM4,649,645，2025 年拨回 RM6,057,838，计入损益。三年间均未建议或宣派任何股息。
Source: annual report 2023, pages 18, 19, 23, 118; annual report 2024, pages 17, 21, 121; annual report 2025, pages 10, 12, 68.出处：2023 年年报第 18、19、23、118 页；2024 年年报第 17、21、121 页；2025 年年报第 10、12、68 页。
Still to be spent尚未支出的承诺与资金
From the February 2023 share issuance, RM1.1 million remained unutilised for energy business development, with the timeframe extended to 8 August 2026. From the July 2025 private placement of RM21.0 million, unutilised proceeds were RM17.1 million, including RM8.8 million for energy projects, RM6.4 million for working capital, and RM2.0 million for money lending.2023 年 2 月发股所得款项中，尚有 RM1.1 million 未动用并分配用于能源业务拓展，使用期限已延长至 2026 年 8 月 8 日。2025 年 7 月 RM21.0 million 的私下配售中，未动用款项为 RM17.1 million，包括能源项目的 RM8.8 million、营运资金的 RM6.4 million 以及放贷业务的 RM2.0 million。
Source: annual report 2025, pages 36, 95.出处：2025 年年报第 36、95 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 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 25,704,534 | 34,066,551 | 103,143,910 | 240,038,495 |
| Profit before tax税前盈利 | 6,469,570 | 10,966,410 | 15,613,698 | 21,979,617 |
| Profit for the financial year年度盈利 | 4,074,512 | 8,709,081 | 10,827,851 | 15,945,083 |
| Net cash from/(used in) operating activities营运活动所得/（所用）现金净额 | (8,698,302) | (15,185,598) | 95,931 | 14,540,423 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (2,312,601) | (16,223,676) | (41,403,484) | (16,281,772) |
| Total assets总资产 | 243,966,269 | 319,403,047 | 505,432,203 | 547,067,978 |
| Total liabilities总负债 | 82,385,085 | 80,664,969 | 220,597,457 | 243,441,353 |
| Loans and borrowings贷款与借款 | 22,514,284 | 27,301,215 | 139,031,500 | 157,099,404 |
| Cash and bank balances现金及银行结余 | 27,065,159 | 37,475,318 | 34,528,096 | 23,668,900 |
| Total equity总权益 | 161,581,184 | 238,738,078 | 284,834,746 | 303,626,625 |
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 |
|---|---|---|
| Damai project expected to be completed by the 4th quarter of 2025Damai 项目预计将于 2025 年第四季度完工 | The 2024 report scheduled completion for the 3rd quarter of 2026, with a RM61 million main contract signed.2024 年报将完工时间定于 2026 年第三季度，并签署了 RM61 million 的主承包合同。 Source: annual report 2023, page 18; annual report 2024, pages 15, 17.出处：2023 年年报第 18 页；2024 年年报第 15、17 页。 | Target date postponed to 3rd quarter of 2026目标完工日期延后至 2026 年第三季度 |
| RM18.6 million of share issuance proceeds allocated to energy business development, to be used within 12 months发股所得款项中的 RM18.6 million 分配用于能源业务拓展，将于 12 个月内使用 | In the 2024 report the timeframe was extended by 18 months, and in 2025 extended by another 12 months to 8 August 2026, with RM1.1 million remaining unutilised.2024 年报将期限延长了 18 个月，2025 年再延长 12 个月至 2026 年 8 月 8 日，尚余 RM1.1 million 未动用。 Source: annual report 2023, page 54; annual report 2024, page 73; annual report 2025, page 36.出处：2023 年年报第 54 页；2024 年年报第 73 页；2025 年年报第 36 页。 | Timeframe extended twice to 8 August 2026期限两次延长至 2026 年 8 月 8 日 |
| RM10.0 million allocated from share issuance for refurbishment of The Grand Renai Hotel, to be used within 12 months发股所得款项中拨出 RM10.0 million 用于 The Grand Renai Hotel 的翻新，将于 12 个月内使用 | In the 2024 report the timeframe was extended by 9 months, and by 2025 the full RM10.0 million was utilised.2024 年报将期限延长了 9 个月，到 2025 年已全额动用 RM10.0 million。 Source: annual report 2023, page 54; annual report 2024, page 73; annual report 2025, page 36.出处：2023 年年报第 54 页；2024 年年报第 73 页；2025 年年报第 36 页。 | Proceeds fully utilised所得款项已全数动用 |
| Expogaya acquisition comes with a 5-year aggregate profit guarantee of RM30 million profit after tax over FY2024 to FY2028收购 Expogaya 附带 5 年累计税后盈利 RM30 million 的盈利保证（2024 至 2028 财政年度） | The acquired segment contributed RM60.6 million, 58.8% of group revenue, in FYE2024; the cited entries give no profit measured against the guarantee.所收购部门在 2024 财政年度贡献营业额 RM60.6 million，占集团营业额 58.8%；所引条目未给出对照盈利保证的盈利数字。 Source: annual report 2024, pages 15, 16, 149; annual report 2025, pages 57, 73.出处：2024 年年报第 15、16、149 页；2025 年年报第 57、73 页。 | In progress under five-year guarantee五年保证期执行中 |
| Development of remaining 140 units in phase 2 of Bandar Tasek Raja put on holdBandar Tasek Raja 第二期剩余 140 个单位的发展暂停 | The 2024 report confirmed the project remained on hold, and in 2025 a rental concession agreement was signed with the state authority.2024 年报确认该项目维持暂停，2025 年与州政府签署了租金特许协议。 Source: annual report 2023, page 18; annual report 2024, page 17; annual report 2025, page 10.出处：2023 年年报第 18 页；2024 年年报第 17 页；2025 年年报第 10 页。 | On hold in 2024; rental concession agreement signed in 20252024 年暂停；2025 年签署租金特许协议 |
| Group diversified into leasing of machinery and equipment in Australia集团拓展至澳大利亚的机械与设备租赁业务 | Leasing agreements were executed in 2024 generating RM4,420,479, but the Australian entity was disposed of on 21 July 2025.2024 年执行了租赁协议并产生 RM4,420,479 收入，但该澳大利亚实体于 2025 年 7 月 21 日被脱售。 Source: annual report 2023, pages 17, 64; annual report 2024, page 176; annual report 2025, pages 10, 42.出处：2023 年年报第 17、64 页；2024 年年报第 176 页；2025 年年报第 10、42 页。 | Disposed of on 21 July 2025于 2025 年 7 月 21 日脱售 |
What the reports leave open年报留下待看的事
- From the July 2025 private placement of RM21.0 million, RM17.1 million remains to be spent over 12 to 24 months, alongside RM1.1 million remaining from the February 2023 issuance.2025 年 7 月 RM21.0 million 的私下配售中，尚有 RM17.1 million 款项待在 12 至 24 个月内支出，同时 2023 年 2 月发股中仍余 RM1.1 million。
Source: annual report 2025, page 36.出处：2025 年年报第 36 页。
- Whether the profit guarantee of not less than RM30,000,000 aggregate profit after tax over FY2024 to FY2028 is met, for which 25,641,026 consideration shares shall be pledged.2024 至 2028 财政年度累计税后盈利不少于 RM30,000,000 的盈利保证能否达成；为此须抵押 25,641,026 股代价股。
Source: annual report 2025, page 72.出处：2025 年年报第 72 页。
- Revenue of RM28,490,822 from remaining performance obligations, to be recognised as the building is completed over the next 24 months; leasehold land of RM47,100,995 in properties held for development is pledged for term loans.剩余履约义务 RM28,490,822，将随建筑物在未来 24 个月内完工而确认为营业额；发展中产业内账面值 RM47,100,995 的租赁土地已抵押用于定期贷款。
Source: annual report 2025, pages 55, 70.出处：2025 年年报第 55、70 页。
- Loans and borrowings stood at RM157,099,404 with a gearing ratio of 68%, while corporate guarantees to banks for subsidiaries totalled RM125,527,594.贷款与借款总额为 RM157,099,404，负债比率为 68%，同时为子公司向银行提供的公司担保合计达 RM125,527,594。
Source: annual report 2025, pages 91, 95.出处：2025 年年报第 91、95 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。