DailySpaceZelan Berhad
2283 · Main Market主板（Main Market） · annual reports 2023 to 2025, 1508 entries read2023 至 2025 年报，共读出 1508 条
The company这家公司
Zelan Berhad earns its revenue from construction contracts, asset management services, and car park and rental income.Zelan Berhad 的营业额来自建筑合约、资产管理服务以及停车场与租金收入。
Source: annual report 2023, pages 9, 98; annual report 2025, page 8.出处：2023 年年报第 9、98 页；2025 年年报第 8 页。
A substantial portion of group operations centres on the concession project for the Centre for Foundation Studies (Phase 3) at International Islamic University Malaysia (IIUM) Gambang Campus through Konsesi Pusat Asasi Gambang Sdn Bhd.集团大部分业务集中于通过 Konsesi Pusat Asasi Gambang Sdn Bhd 营运的马来西亚国际伊斯兰大学（IIUM）甘孟校区基础研究中心（第三期）特许权项目。
Source: annual report 2023, page 9; annual report 2025, page 8.出处：2023 年年报第 9 页；2025 年年报第 8 页。
In 2025, the asset and facilities management segment contributed approximately RM26.4 million in revenue out of total revenue of RM28.9 million. Total external revenue includes two customers contributing 94%, with one major customer providing approximately RM26,415,409.2025 年，资产与设施管理部门在总营业额 RM28.9 million 中贡献约 RM26.4 million。外部总营业额中有 94% 来自两名客户，其中一名主要客户提供约 RM26,415,409。
Source: annual report 2025, pages 8, 144.出处：2025 年年报第 8、144 页。
MMC Corporation Berhad is the single largest shareholder, holding 331,580,079 ordinary shares, or 39.244% of total issued shares, across all three annual reports.MMC Corporation Berhad 是第一大股东，在三份年报中均持有 331,580,079 股普通股，占已发行股份总数的 39.244%。
Source: annual report 2023, page 166; annual report 2024, page 178; annual report 2025, page 173.出处：2023 年年报第 166 页；2024 年年报第 178 页；2025 年年报第 173 页。
Pledged accounts among the thirty largest holders include Moomoo Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Liu Tze Young holding 5,700,000 shares (0.675%) in 2024 and 2025. Datuk Puteh Rukiah binti Abd Majid and Dato' Anwar bin Haji @ Aji each declare no family relationship with any director or major shareholder.前三十大股东中的抵押账户包括 Moomoo Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Liu Tze Young，于 2024 及 2025 年持有 5,700,000 股（0.675%）。Datuk Puteh Rukiah binti Abd Majid 与 Dato' Anwar bin Haji @ Aji 各自声明与任何董事或主要股东之间不存在亲属关系。
Source: annual report 2023, page 15; annual report 2024, pages 18, 178; annual report 2025, pages 11, 173.出处：2023 年年报第 15 页；2024 年年报第 18、178 页；2025 年年报第 11、173 页。
Encik Hazimi bin Baharum served as Chief Executive Officer until 15 June 2023. Puan Shareena binti Shahril served as Acting Chief Executive Officer from 21 November 2024 until 15 July 2025, after which Encik Faizal bin Yusof was appointed Chief Executive Officer on 16 July 2025. Dato' Anwar bin Haji @ Aji was redesignated as a Non-Independent Non-Executive Director on 20 March 2025 and chairs the Board.Encik Hazimi bin Baharum 担任首席执行员直至 2023 年 6 月 15 日。Puan Shareena binti Shahril 于 2024 年 11 月 21 日至 2025 年 7 月 15 日担任代理首席执行员，随后 Encik Faizal bin Yusof 于 2025 年 7 月 16 日接任首席执行员。Dato' Anwar bin Haji @ Aji 于 2025 年 3 月 20 日转任非独立非执行董事，并担任董事会主席。
Source: annual report 2023, page 39; annual report 2024, page 43; annual report 2025, pages 14, 35, 38.出处：2023 年年报第 39 页；2024 年年报第 43 页；2025 年年报第 14、35、38 页。
Revenue by source, 2025 (RM'000)2025 年各项收入来源占比（千令吉）
Source: annual report 2025, page 104.出处：2025 年年报第 104 页。
Major events大事记
Source: annual report 2023, page 64.出处：2023 年年报第 64 页。
Source: annual report 2023, pages 9, 122.出处：2023 年年报第 9、122 页。
Source: annual report 2024, page 43.出处：2024 年年报第 43 页。
Source: annual report 2024, page 171; annual report 2025, page 71.出处：2024 年年报第 171 页；2025 年年报第 71 页。
Source: annual report 2025, page 134.出处：2025 年年报第 134 页。
Source: annual report 2025, pages 14, 35.出处：2025 年年报第 14、35 页。
Source: annual report 2025, pages 9, 161.出处：2025 年年报第 9、161 页。
Source: annual report 2025, pages 9, 161.出处：2025 年年报第 9、161 页。
Revenue, operating cash flow and borrowings营业额、营运现金流与借款
Total assets and total liabilities总资产与总负债
20232023 年
In 2023, net cash flows generated from operating activities were RM61.8 million. Financing cash outflows were RM54.7 million, including repayments of borrowings of RM18.8 million and interest paid of RM29.4 million. Accrued interest of RM50.2 million was reversed on borrowing with the bank in Dubai, which primarily drove profit before tax and zakat of RM68.4 million.2023 年，营运活动所得现金净额为 RM61.8 million。融资活动现金流出为 RM54.7 million，包括偿还借款 RM18.8 million 以及支付利息 RM29.4 million。迪拜银行借款冲回了 RM50.2 million 的应计利息，主要带动了 RM68.4 million 的税前盈利及天课。
Source: annual report 2023, pages 10, 60, 61.出处：2023 年年报第 10、60、61 页。
20242024 年
In 2024, net cash flows generated from operating activities were RM52.0 million, while repayments of borrowings were RM35.2 million and interest paid was RM19.9 million. The group fully impaired the awarded sum of RM252.0 million. Loss before tax and zakat was RM247.9 million.2024 年，营运活动所得现金净额为 RM52.0 million，偿还借款为 RM35.2 million，已付利息为 RM19.9 million。集团对仲裁裁决款项全额计提了 RM252.0 million 的减值。税前亏损及天课为 RM247.9 million。
Source: annual report 2024, pages 14, 77.出处：2024 年年报第 14、77 页。
20252025 年
In 2025, operating cash flow generated was RM47.8 million. Financing cash outflows were RM60.3 million, with repayments of borrowings of RM37.0 million and interest paid of RM17.3 million. Results included an impairment of trade receivables of RM38.2 million and the recognition of a liability of RM24.1 million arising from a final arbitration award.2025 年，营运活动所得现金净额为 RM47.8 million。融资活动现金流出为 RM60.3 million，其中偿还借款 RM37.0 million，已付利息 RM17.3 million。业绩包括贸易应收款减值 RM38.2 million，以及确认一项最终仲裁裁决所产生的负债 RM24.1 million。
Source: annual report 2025, pages 8, 68.出处：2025 年年报第 8、68 页。
Across the three years三年合看
Across the three years, operating activities provided cash in each year, totalling RM61.8 million in 2023, RM52.0 million in 2024, and RM47.8 million in 2025. Total borrowings declined from RM483.7 million at the end of 2022 to RM335.7 million at the end of 2025. No dividends were paid, declared or proposed during the three years.三年合看，营运活动每年均产生现金流，2023 年为 RM61.8 million，2024 年为 RM52.0 million，2025 年为 RM47.8 million。总借款从 2022 年底的 RM483.7 million 降至 2025 年底的 RM335.7 million。三年内均未派发、宣告或建议派发股息。
Source: annual report 2023, page 49; annual report 2024, page 64; annual report 2025, page 55.出处：2023 年年报第 49 页；2024 年年报第 64 页；2025 年年报第 55 页。
Still to be spent尚未支出的承诺
The group reports no capital expenditure authorised but not contracted for at the end of each reporting year.各报告期末，集团均没有已批准但未签约的资本开支。
Source: annual report 2023, page 133; annual report 2024, page 147; annual report 2025, page 139.出处：2023 年年报第 133 页；2024 年年报第 147 页；2025 年年报第 139 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 | 50,431 | 30,338 | 40,186 | 28,963 |
| Profit/(loss) before taxation and zakat税前盈利／（亏损）与天课 | 1,931 | 68,405 | (247,926) | (59,606) |
| Profit/(loss) for the year年度盈利／（亏损） | (1,604) | 65,398 | (252,257) | (58,787) |
| Net cash flows generated from operating activities营运活动所得现金净额 | 40,508 | 61,762 | 51,992 | 47,802 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | 0 | (18) | (81) | (65) |
| Net cash flows used in financing activities融资活动所用现金净额 | (60,408) | (54,686) | (53,610) | (60,289) |
| Total assets总资产 | 785,572 | 761,179 | 460,102 | 390,805 |
| TOTAL LIABILITIES总负债 | 689,255 | 605,588 | 553,199 | 529,196 |
| Borrowings借款 | 483,679 | 410,076 | 373,643 | 335,674 |
| Cash and cash equivalents现金及现金等价物 | 3,574 | 8,453 | 3,829 | 3,073 |
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 |
|---|---|---|
| The 2023 report stated that developments on key legal matters were expected by the third quarter of 2024.2023 年报表示，关键法律事项的进展预计将于 2024 年第三季度出现。 | In 2024, the group impaired the remaining balance of RM251,971,428.2024 年，集团对剩余结余 RM251,971,428 进行了减值。 Source: annual report 2023, page 64; annual report 2024, pages 107, 130.出处：2023 年年报第 64 页；2024 年年报第 107、130 页。 | Award fully impaired裁决全额减值 |
| The 2023 report targeted completion of a group sustainability roadmap and carbon footprint assessment in financial year 2024.2023 年报计划在 2024 财政年度完成集团可持续发展路线图与碳足迹评估。 | The 2024 and 2025 reports stated that greater focus would be placed on Economic, Environmental and Governance once the company's PN17 status is uplifted.2024 及 2025 年报表示，待公司脱离 PN17 状态后，将更加重视经济、环境与治理工作。 Source: annual report 2023, page 23; annual report 2024, page 38; annual report 2025, page 29.出处：2023 年年报第 23 页；2024 年年报第 38 页；2025 年年报第 29 页。 | Deferred pending PN17 uplift延至脱离 PN17 后执行 |
| The 2024 report anticipated that the decision in the arbitration proceeding between Zelan Construction Sdn Bhd and its sub-contractor would be delivered by the end of 2025.2024 年报预计 Zelan Construction Sdn Bhd 与其分包商之间的仲裁裁决将于 2025 年底前作出。 | The final award was delivered earlier on 26 May 2025, dismissing all claims by Zelan Construction Sdn Bhd and ordering it to pay the sub-contractor.最终裁决提前于 2025 年 5 月 26 日下达，驳回了 Zelan Construction Sdn Bhd 的全部主张，并下令其向分包商付款。 Source: annual report 2024, page 142; annual report 2025, page 134.出处：2024 年年报第 142 页；2025 年年报第 134 页。 | Award delivered against group company裁决不利于集团子公司 |
| The 2024 report stated that the company was developing a regularisation plan to be submitted to Bursa Securities within the stipulated timeframe.2024 年报表示，公司正在制定重组计划，并将在规定期限内呈交予大马交易所。 | As of 21 April 2026, the company had applied for a further extension of time to submit its regularisation plan, with creditor approval for the holding company scheme obtained on 20 April 2026.截至 2026 年 4 月 21 日，公司已申请进一步延长提交重组计划的宽限期，控股公司的妥协安排方案于 2026 年 4 月 20 日获债权人批准。 Source: annual report 2024, page 15; annual report 2025, page 9.出处：2024 年年报第 15 页；2025 年年报第 9 页。 | Further extension sought已申请进一步延期 |
What the reports leave open年报留下待看的事
- Whether Bursa Securities grants the extension of time applied for on 21 April 2026 to submit the regularisation plan.大马交易所是否批准公司于 2026 年 4 月 21 日申请的延长提交重组计划期限。
Source: annual report 2025, pages 9, 71.出处：2025 年年报第 9、71 页。
- The outcome of the creditors' voluntary liquidation of subsidiary Zelan Construction Sdn Bhd following insufficient creditor support for its Scheme of Arrangement.子公司 Zelan Construction Sdn Bhd 妥协安排方案未获足够债权人支持后，进行债权人自愿清盘的进展及结果。
Source: annual report 2025, page 9.出处：2025 年年报第 9 页。
- Resolution of the foreign term loan default following non-payment of monthly instalments of AED200,000 from October 2025 onwards.自 2025 年 10 月起停止偿还每月 AED200,000 分期付款后，外币定期贷款违约事项的解决进展。
Source: annual report 2025, pages 129, 165.出处：2025 年年报第 129、165 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。