DailySpaceInch Kenneth Kajang Rubber Public Limited Company
2607 · Main Market主板（Main Market） · annual reports 2023 to 2025, 637 entries read2023 至 2025 年报，共读出 637 条
The company这家公司
Inch Kenneth Kajang Rubber Public Limited Company is incorporated in Scotland and listed on Bursa Securities. The group owns oil palm plantations, operates hotels and resorts, manufactures constant viscosity block rubber, and has property development and property leasing activities.Inch Kenneth Kajang Rubber Public Limited Company 在苏格兰注册，并在 Bursa Securities 上市。集团拥有油棕园、经营酒店与度假村、制造恒定黏度块状橡胶，并从事房地产开发与产业出租业务。
Source: annual report 2025, page 73.出处：2025 年年报第 73 页。
Tourism revenue was RM14.3 million in 2025, compared with RM14.7 million in 2024. The report attributes the fall to fewer tourist arrivals, especially from China. Rubber manufacturing sales in Thailand were nil in 2025, compared with RM2.8 million in 2024. The report says production was halted due to high latex prices and low rubber block selling prices. All group revenue in 2025 came from Malaysia.2025 年旅游业务营业额为 RM14.3 million，2024 年为 RM14.7 million。年报将下降归因于游客减少，尤其是来自中国的游客。泰国橡胶制造业务在 2025 年没有销售额，2024 年为 RM2.8 million。年报表示，由于乳胶价格高及块状橡胶售价低，生产已暂停。2025 年集团营业额全部来自马来西亚。
Source: annual report 2024, page 65; annual report 2025, pages 9, 10, 87, 88.出处：2024 年年报第 65 页；2025 年年报第 9、10、87、88 页。
The report says no individual has overall control of the company. The 2025 largest-holder list includes Hamptons Property Sdn Bhd with 47,405,700 shares (12.52%), FA Securities Sdn Bhd IVT with 44,112,100 shares (11.65%) and Euston Technologies Sdn. Bhd. with 22,662,066 shares (5.98%).年报表示，没有任何个人全面控制公司。2025 年大股东名单包括 Hamptons Property Sdn Bhd，持有 47,405,700 股（12.52%）；FA Securities Sdn Bhd IVT，持有 44,112,100 股（11.65%）；以及 Euston Technologies Sdn. Bhd.，持有 22,662,066 股（5.98%）。
Source: annual report 2025, pages 113, 118.出处：2025 年年报第 113、118 页。
The same list shows Affin Hwang Nominees (Tempatan) Sdn. Bhd. For Ng Ah Chai with 29,132,100 shares (7.69%). It also shows TA Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Ng Ah Chai with 3,450,000 shares (0.91%), and RHB Capital Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Chen Khai Voon with 3,040,300 shares (0.80%).同一名单列有 Affin Hwang Nominees (Tempatan) Sdn. Bhd. For Ng Ah Chai，持有 29,132,100 股（7.69%）。名单也列有 TA Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Ng Ah Chai，持有 3,450,000 股（0.91%）；以及 RHB Capital Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Chen Khai Voon，持有 3,040,300 股（0.80%）。
Source: annual report 2025, page 118.出处：2025 年年报第 118 页。
Datuk Mohamed Salleh bin Bajuri resigned with effect from 17 March 2023. Sakinah binti Salleh was appointed with effect from 15 September 2023. Prof Dr Mohamad Khan bin Jamal Khan joined the board on 25 September 2025. The 2025 report states that directors who held office during the year and up to the report date, together with their immediate families, had no interests in shares of the company or group undertakings.Datuk Mohamed Salleh bin Bajuri 自 2023 年 3 月 17 日起辞任。Sakinah binti Salleh 自 2023 年 9 月 15 日起获委任。Prof Dr Mohamad Khan bin Jamal Khan 于 2025 年 9 月 25 日加入董事会。2025 年报表示，年内及截至报告日期在任的董事及其直系亲属，均未持有公司或集团旗下企业的股份权益。
Source: annual report 2023, page 27; annual report 2025, pages 8, 53.出处：2023 年年报第 27 页；2025 年年报第 8、53 页。
Major events大事记
Source: annual report 2023, page 27.出处：2023 年年报第 27 页。
Source: annual report 2023, page 27.出处：2023 年年报第 27 页。
Source: annual report 2025, page 98.出处：2025 年年报第 98 页。
Source: annual report 2025, page 8.出处：2025 年年报第 8 页。
Source: annual report 2025, page 10.出处：2025 年年报第 10 页。
Source: annual report 2025, page 53.出处：2025 年年报第 53 页。
Revenue, loss and operating cash营业额、亏损与营运现金
Assets and equity资产与权益
20232023 年
Operations used RM1.0 million of cash. Cash was also spent on property, plant and equipment, investment property and land held for development. Investing activities used RM0.6 million net, and financing activities used RM0.7 million. Cash and cash equivalents ended the year at RM1.8 million.营运活动使用现金 RM1.0 million。现金也用于购买产业、厂房与设备、投资产业及待开发土地。投资活动使用现金净额 RM0.6 million，融资活动使用 RM0.7 million。年底现金与现金等价物为 RM1.8 million。
Source: annual report 2023, page 53.出处：2023 年年报第 53 页。
20242024 年
Operations used RM1.8 million of cash. Cash was also spent on property, plant and equipment and investment property. There were no payments on land held for development. Investing activities brought in RM1.7 million net. The cash flow statement records RM0.6 million of lease liability repayments. Cash and cash equivalents ended the year at RM1.1 million.营运活动使用现金 RM1.8 million。现金也用于购买产业、厂房与设备及投资产业。待开发土地没有付款。投资活动带来现金净额 RM1.7 million。现金流量表列示偿还租赁负债 RM0.6 million。年底现金与现金等价物为 RM1.1 million。
Source: annual report 2024, page 50.出处：2024 年年报第 50 页。
20252025 年
Operations brought in RM5.2 million of cash. Cash was spent on property, plant and equipment and investment property. Investing activities used RM0.6 million net. The cash flow statement records RM0.7 million of lease liability repayments. Cash and cash equivalents ended the year at RM5.0 million. The group recorded a loss for the year of RM7.9 million.营运活动带来现金 RM5.2 million。现金用于购买产业、厂房与设备及投资产业。投资活动使用现金净额 RM0.6 million。现金流量表列示偿还租赁负债 RM0.7 million。年底现金与现金等价物为 RM5.0 million。集团全年亏损 RM7.9 million。
Source: annual report 2025, pages 9, 72.出处：2025 年年报第 9、72 页。
Across the years历年合看
No dividends were paid in the three report years. No ordinary shares were allotted and no shares were repurchased in those years. The company retained 42,075,000 treasury shares at the end of 2025. Lease liabilities were RM2.3 million at the end of 2023, RM1.7 million at the end of 2024 and RM1.1 million at the end of 2025.三个报告年度均未支付股息。这些年度均未配发普通股，也未回购股份。2025 年底，公司保留 42,075,000 股库存股。租赁负债在 2023 年底为 RM2.3 million，2024 年底为 RM1.7 million，2025 年底为 RM1.1 million。
Source: annual report 2023, pages 51, 85, 86; annual report 2024, pages 48, 83, 84; annual report 2025, pages 9, 70, 107.出处：2023 年年报第 51、85、86 页；2024 年年报第 48、83、84 页；2025 年年报第 9、70、107 页。
Still to be spent尚待支出
The capital commitments note shows no capital expenditure approved by the board at the end of 2025, compared with RM0.7 million in 2024. The Kajang development master plan still needs resubmission due to technical matters.资本承诺附注显示，2025 年底没有董事会已批准的资本支出，2024 年则为 RM0.7 million。Kajang 开发总规划仍因技术事项需要重新提交。
Source: annual report 2025, pages 9, 114.出处：2025 年年报第 9、114 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 | 21,018 | 17,327 | 17,771 | 14,570 |
| Loss before taxation税前亏损 | (10,479) | (6,184) | (6,376) | (8,297) |
| Loss for the year全年亏损 | (10,575) | (6,053) | (7,043) | (7,902) |
| Net cash from operating activities营运活动所得现金净额 | (702) | (1,032) | (1,820) | 5,168 |
| Payments to acquire property, plant and equipment购买产业、厂房与设备的付款 | (452) | (416) | (239) | (546) |
| Payments on investment property投资产业付款 | (108) | (112) | (223) | (64) |
| Dividends paid已付股息 | 0 | 0 | 0 | 0 |
| Total assets总资产 | 675,548 | 672,438 | 693,328 | 708,944 |
| Lease liabilities租赁负债 | 1,329 | 2,272 | 1,733 | 1,103 |
| Cash and cash equivalents现金与现金等价物 | 4,103 | 1,796 | 1,076 | 4,961 |
| Total equity总权益 | 583,544 | 575,470 | 584,719 | 581,166 |
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 described a master plan to develop approximately 140 hectares of land in Kajang, with approval still awaited.2023 年报说明了开发 Kajang 约 140 公顷土地的总规划，当时仍在等待批准。 | The 2024 report still said approval was awaited. The 2025 report says the plan needs resubmission due to technical matters, and that the layout and land usage will be revised.2024 年报仍表示正在等待批准。2025 年报表示，规划因技术事项需要重新提交，并将修改布局与土地用途安排。 Source: annual report 2023, page 11; annual report 2024, page 10; annual report 2025, page 9.出处：2023 年年报第 11 页；2024 年年报第 10 页；2025 年年报第 9 页。 | Needs resubmission需要重新提交 |
| The 2023 report expected manufacturing to perform better in 2024 as demand had started to pick up.2023 年报预期，随着需求开始回升，制造业务在 2024 年会有更好的表现。 | Rubber manufacturing sales fell from RM5.5 million in 2023 to RM2.8 million in 2024. The 2024 report attributes the group's higher loss principally to a bigger manufacturing loss from lower rubber block demand. Production was halted in 2025.橡胶制造业务销售额由 2023 年的 RM5.5 million 降至 2024 年的 RM2.8 million。2024 年报表示，集团亏损增加，主要是块状橡胶需求下降令制造业务亏损扩大。2025 年生产暂停。 Source: annual report 2023, page 11; annual report 2024, page 11; annual report 2025, page 10.出处：2023 年年报第 11 页；2024 年年报第 11 页；2025 年年报第 10 页。 | Sales fell; production later halted销售额下降，其后暂停生产 |
| The 2023 report expected more local and overseas tourists in 2024 if the global environment remained as it was.2023 年报预期，如果全球环境维持当时的情况，2024 年本地与海外游客会增加。 | The 2024 report says there were more tourist arrivals, especially from China. Tourism revenue rose from RM11.6 million to RM14.7 million.2024 年报表示，游客人数增加，尤其是来自中国的游客。旅游业务营业额由 RM11.6 million 升至 RM14.7 million。 Source: annual report 2023, pages 11, 67; annual report 2024, pages 9, 65.出处：2023 年年报第 11、67 页；2024 年年报第 9、65 页。 | More arrivals reported报告游客增加 |
| The 2023 report said a gymnasium, spa, gaming room and café were being developed as new guest experiences.2023 年报表示，正在开发健身房、水疗设施、游戏室与咖啡馆，为住客提供新体验。 | Neither later report mentions these amenities again.之后两份年报都没有再提到这些设施。 Source: annual report 2023, page 16; annual report 2024, page 14; annual report 2025, page 9.出处：2023 年年报第 16 页；2024 年年报第 14 页；2025 年年报第 9 页。 | Not mentioned again其后未再提及 |
| The 2024 report expected fewer local and overseas tourists in 2025 amid global uncertainty.2024 年报预期，全球不确定性会使 2025 年本地与海外游客减少。 | The 2025 report says tourist arrivals were lower, especially from China. Tourism revenue fell from RM14.7 million to RM14.3 million.2025 年报表示，游客人数减少，尤其是来自中国的游客。旅游业务营业额由 RM14.7 million 降至 RM14.3 million。 Source: annual report 2024, pages 10, 65; annual report 2025, pages 9, 87.出处：2024 年年报第 10、65 页；2025 年年报第 9、87 页。 | Fewer arrivals reported报告游客减少 |
What the reports leave open年报留下待看的事
- The Kajang master plan needs resubmission due to technical matters. Approval and the revised layout remain open.Kajang 总规划因技术事项需要重新提交。批准与修改后的布局仍未落实。
Source: annual report 2025, page 9.出处：2025 年年报第 9 页。
- The land sale to Serentak Maju Corporation Sdn Bhd for RM42.2 million was still described as incomplete in the latest report. Completion remains open.最新年报仍将以 RM42.2 million 向 Serentak Maju Corporation Sdn Bhd 出售土地的交易列为尚未完成。交易完成情况仍待交代。
Source: annual report 2025, page 98.出处：2025 年年报第 98 页。
- Other receivables still include about RM71 million relating to a settlement to acquire leasehold industrial land in Mukim Petaling. The report expects the title to be registered to the group in 2026.其他应收款仍包括约 RM71 million，涉及一项收购 Mukim Petaling 租赁工业土地的和解安排。年报预期地契将于 2026 年过户给集团。
Source: annual report 2025, page 105.出处：2025 年年报第 105 页。
- The report records an agreement signed on 1 April 2026 to sell all the company's CEPCO shares to YTL Cement Bhd for RM37.5 million, subject to a downward adjustment. Completion and the final consideration remain to be reported.年报记录了于 2026 年 4 月 1 日签署的协议，以 RM37.5 million 向 YTL Cement Bhd 出售公司全部 CEPCO 股份，代价可向下调整。交易完成情况与最终代价仍待报告。
Source: annual report 2025, page 114.出处：2025 年年报第 114 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-28.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 2026-10-28。