DailySpaceAlcom Group Berhad
2674 · Main Market主板（Main Market） · annual reports 2023 to 2025, 1272 entries read2023 至 2025 年报，共读出 1272 条
The company这家公司
Alcom Group Berhad is listed on the Main Market of Bursa Malaysia Securities Berhad. Its manufacturing subsidiary, Aluminium Company of Malaysia Berhad, produces roofing products, among others. Its property development subsidiaries, EM Hub Sdn. Bhd. and AG Avenue Sdn. Bhd., developed the EMHub commerce hub in Kota Damansara and hold land for mixed development in Bukit Raja, Klang. Alcom Dach&Wand Sdn. Bhd. supplies, fabricates and installs architectural roofs, facade cladding and steel structures.Alcom Group Berhad 在马来西亚证券交易所主板上市。其制造业务子公司 Aluminium Company of Malaysia Berhad 生产包括屋面产品在内的产品。其房地产开发子公司 EM Hub Sdn. Bhd. 与 AG Avenue Sdn. Bhd. 开发了位于哥打白沙罗的 EMHub 商业中心，并持有巴生武吉拉惹的综合开发用地。Alcom Dach&Wand Sdn. Bhd. 从事建筑屋面、外墙包层及钢结构的供应、制造与安装。
Source: annual report 2023, page 15; annual report 2024, pages 14, 65; annual report 2025, pages 14, 15.出处：2023 年年报第 15 页；2024 年年报第 14、65 页；2025 年年报第 14、15 页。
In 2025, manufacturing contributed RM526.18 million of the group's RM547.53 million revenue, while external revenue from property development and construction contributed the remaining RM21.35 million. The investment holding segment recorded no revenue. Exports contributed 89% of shipment volume in 2023, 92% in 2024, and 91% in 2025.2025 年，制造业务在集团 RM547.53 million 营业额中占 RM526.18 million，房地产开发与建筑业务的外部营业额占其余 RM21.35 million。投资控股部门没有录得营业额。出口在 2023 年占出货量的 89%，2024 年占 92%，2025 年占 91%。
Source: annual report 2023, page 17; annual report 2024, page 17; annual report 2025, pages 15, 18.出处：2023 年年报第 17 页；2024 年年报第 17 页；2025 年年报第 15、18 页。
In 2025, revenue by destination was led by India at RM221.4 million, Europe at RM121.0 million, Malaysia at RM66.2 million, Canada at RM42.1 million, and the United States of America at RM41.1 million. In the same year, Customer A from India and Europe contributed RM178.4 million of revenue, compared to RM156.0 million in 2024. In 2024, Customer B from the United States of America contributed RM60.9 million.2025 年，按目的地划分的营业额以印度为首，达 RM221.4 million，随后为欧洲 RM121.0 million、马来西亚 RM66.2 million、加拿大 RM42.1 million 及美国 RM41.1 million。同年，来自印度与欧洲的客户 A 贡献了 RM178.4 million 营业额，2024 年为 RM156.0 million。2024 年，来自美国的客户 B 贡献了 RM60.9 million。
Source: annual report 2024, page 93; annual report 2025, page 96.出处：2024 年年报第 93 页；2025 年年报第 96 页。
Towerpack Sdn. Bhd. is the largest shareholder, holding 43,636,698 shares (32.48%). Other substantial shareholders in 2025 include Alleyways Sdn. Bhd. with 13,160,439 shares (9.80%) and Dato' Eng Kim Liong with 11,902,666 shares (8.86%). Pledged accounts in the 2025 report include Maybank Securities Nominees (Tempatan) Sdn. Bhd. for Tan Ching Ching with 6,385,600 shares (4.75%), UOB Kay Hian Nominees (Tempatan) Sdn. Bhd. for Teo Siew Lai with 799,300 shares (0.60%), Maybank Nominees (Tempatan) Sdn. Bhd. for Teh Chong Jin with 311,600 shares (0.23%), and TA Nominees (Tempatan) Sdn. Bhd. for Chia Tuan Sia with 248,200 shares (0.19%).Towerpack Sdn. Bhd. 是最大股东，持有 43,636,698 股（32.48%）。2025 年其他主要股东包括持有 13,160,439 股（9.80%）的 Alleyways Sdn. Bhd. 以及持有 11,902,666 股（8.86%）的 Dato’ Eng Kim Liong。2025 年年报中的抵押证券账户包括 Maybank Securities Nominees (Tempatan) Sdn. Bhd. 为 Tan Ching Ching 持有的 6,385,600 股（4.75%）、UOB Kay Hian Nominees (Tempatan) Sdn. Bhd. 为 Teo Siew Lai 持有的 799,300 股（0.60%）、Maybank Nominees (Tempatan) Sdn. Bhd. 为 Teh Chong Jin 持有的 311,600 股（0.23%），以及 TA Nominees (Tempatan) Sdn. Bhd. 为 Chia Tuan Sia 持有的 248,200 股（0.19%）。
Source: annual report 2025, pages 123, 124.出处：2025 年年报第 123、124 页。
Yeoh Jin Hoe is the father of Marc Francis Yeoh Min Chang and Shaun Patrick Yeoh Min Jin. On 15 July 2025, Marc Francis Yeoh Min Chang resigned as Alternate Director to Yeoh Jin Hoe, and Shaun Patrick Yeoh Min Jin was appointed as Alternate Director.Yeoh Jin Hoe 是 Marc Francis Yeoh Min Chang 与 Shaun Patrick Yeoh Min Jin 的父亲。2025 年 7 月 15 日，Marc Francis Yeoh Min Chang 辞去 Yeoh Jin Hoe 候补董事一职，Shaun Patrick Yeoh Min Jin 获委任为候补董事。
Source: annual report 2024, page 8; annual report 2025, pages 8, 9, 35.出处：2024 年年报第 8 页；2025 年年报第 8、9、35 页。
Revenue by destination, 20252025 年按目的地划分的营业额
Source: annual report 2025, page 96.出处：2025 年年报第 96 页。
Major events大事记
Source: annual report 2023, pages 69, 70.出处：2023 年年报第 69、70 页。
Source: annual report 2023, pages 14, 22.出处：2023 年年报第 14、22 页。
Source: annual report 2024, pages 24, 55.出处：2024 年年报第 24、55 页。
Source: annual report 2025, page 16.出处：2025 年年报第 16 页。
Source: annual report 2025, pages 26, 35.出处：2025 年年报第 26、35 页。
Revenue, profit and operating cash flow营业额、盈利与营运现金流
Total assets, borrowings and equity总资产、借款与总权益
20232023 年
In 2023, net cash from operating activities was RM68.0 million. Capital expenditure of RM47.71 million was incurred mainly for the acquisition and replacement of tangible property, plant and equipment by the manufacturing segment. The group paid an earnest deposit of RM5,600,000 and pre-acquisition costs of RM3,507,000 for commercial land in Bukit Raja, Klang. Net drawdown of loans and borrowings was RM15.5 million, and total loans and borrowings stood at RM169.0 million. Dividends paid were RM3.4 million, and cash and cash equivalents ended at RM154.7 million.2023 年，营运活动所得现金净额为 RM68.0 million。资本支出发生 RM47.71 million，主要用于制造部门购置及更换有形物业、厂房与设备。集团为巴生武吉拉惹的商业土地支付了 RM5,600,000 的订金以及 RM3,507,000 的收购前期费用。贷款与借款净提取 RM15.5 million，贷款与借款总额达 RM169.0 million。已付股息为 RM3.4 million，期末现金与现金等价物为 RM154.7 million。
Source: annual report 2023, pages 16, 60, 75.出处：2023 年年报第 16、60、75 页。
20242024 年
In 2024, operating activities used net cash of RM69.9 million. Capital expenditure incurred rose to RM135.24 million, and purchase of property, plant and equipment took RM134.3 million. On 24 June 2024, the group completed the acquisition of two parcels of commercial land in Bukit Raja, Klang for a cash consideration of RM56,000,000. Net drawdown of loans and borrowings was RM170.7 million to finance the factory expansion, raising total loans and borrowings to RM339.7 million. Dividends paid were RM5.4 million, while interest paid reached RM11.8 million. Cash and cash equivalents fell to RM97.3 million.2024 年，营运活动所用现金净额为 RM69.9 million。资本支出增至 RM135.24 million，购置物业、厂房与设备支出 RM134.3 million。2024 年 6 月 24 日，集团以 RM56,000,000 现金代价完成了巴生武吉拉惹两幅商业地块的收购。为制造厂房扩建融资，贷款与借款净提取 RM170.7 million，使贷款与借款总额升至 RM339.7 million。已付股息为 RM5.4 million，已付利息达 RM11.8 million。现金与现金等价物降至 RM97.3 million。
Source: annual report 2024, pages 16, 55, 62.出处：2024 年年报第 16、55、62 页。
20252025 年
In 2025, net cash from operating activities was RM7.3 million. Capital expenditure incurred reached RM229.98 million, with purchase of property, plant and equipment taking RM229.7 million for the ongoing factory expansion. Drawdown of loans and borrowings totalled RM1,041.8 million and repayments were RM814.8 million, lifting total loans and borrowings to RM567.0 million. Interest paid rose to RM21.0 million, of which RM9,944,000 was capitalised as borrowing costs into projects-in-progress. Dividends paid were RM4.0 million, and cash and cash equivalents ended at RM75.4 million.2025 年，营运活动所得现金净额为 RM7.3 million。发生的资本支出达 RM229.98 million，其中购置物业、厂房与设备支出 RM229.7 million 用于厂房扩建。提取贷款与借款共计 RM1,041.8 million，偿还 RM814.8 million，使贷款与借款总额增至 RM567.0 million。已付利息增至 RM21.0 million，其中 RM9,944,000 作为借款费用资本化计入在建工程。已付股息为 RM4.0 million，期末现金与现金等价物为 RM75.4 million。
Source: annual report 2025, pages 17, 66, 72, 112.出处：2025 年年报第 17、66、72、112 页。
Across the three years三年合看
Across the three years, total assets expanded from RM470.0 million in 2023 to RM654.6 million in 2024 and RM859.4 million in 2025. Total loans and borrowings rose from RM169.0 million in 2023 to RM339.7 million in 2024 and RM567.0 million in 2025, and the debt-to-equity ratio rose from 0.06 in 2023 to 1.02 in 2024 and 2.59 in 2025. Dividends paid were RM3.4 million in 2023, RM5.4 million in 2024, and RM4.0 million in 2025. Costing of metal inventories was highlighted as a key audit matter in all three reports, with metal inventories standing at RM140,448,000 at the end of 2025.三年合看，总资产从 2023 年的 RM470.0 million 扩大至 2024 年的 RM654.6 million 及 2025 年的 RM859.4 million。贷款与借款总额由 2023 年的 RM169.0 million 增至 2024 年的 RM339.7 million 及 2025 年的 RM567.0 million，负债权益比从 2023 年的 0.06 升至 2024 年的 1.02 及 2025 年的 2.59。已付股息在 2023 年为 RM3.4 million，2024 年为 RM5.4 million，2025 年为 RM4.0 million。三份年报均将金属存货成本核算列为关键审计事项，2025 年底金属存货为 RM140,448,000。
Source: annual report 2023, pages 101, 105; annual report 2024, pages 109, 113; annual report 2025, pages 112, 116.出处：2023 年年报第 101、105 页；2024 年年报第 109、113 页；2025 年年报第 112、116 页。
Still to be spent尚未支出的承诺
Capital expenditure commitments for property, plant and equipment contracted but not provided for were RM111,023,000 at the end of 2023, RM173,781,000 in 2024, and RM161,221,000 in 2025, mainly relating to the construction of a caster line and heavy machineries. In property development, Phase 1 of the Bukit Raja, Klang development has an estimated gross development value of approximately RM299.0 million.已签约但未拨备的物业、厂房与设备资本支出承诺在 2023 年底为 RM111,023,000，2024 年为 RM173,781,000，2025 年为 RM161,221,000，主要涉及铸造线建设与重型机械。在房地产开发方面，巴生武吉拉惹项目第一期的预计开发总值约为 RM299.0 million。
Source: annual report 2023, page 102; annual report 2024, page 109; annual report 2025, pages 26, 112.出处：2023 年年报第 102 页；2024 年年报第 109 页；2025 年年报第 26、112 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 | 976,014 | 660,004 | 619,629 | 547,533 |
| (Loss)/Profit before tax税前（亏损）／盈利 | 103,529 | 23,213 | (3,894) | (46,954) |
| (Loss)/Profit for the year年度（亏损）／盈利 | 77,622 | 16,301 | (3,826) | (35,513) |
| Net cash from/(used in) operating activities营运活动所得／（所用）现金净额 | 173,485 | 68,018 | (69,913) | 7,278 |
| Net cash (used in)/from investing activities投资活动（所用）／所得现金净额 | (7,856) | (44,508) | (133,491) | (227,899) |
| Net cash from/(used in) financing activities融资活动所得／（所用）现金净额 | (102,547) | 1,426 | 152,012 | 199,344 |
| Dividends paid已付股息 | (3,358) | (3,358) | (5,373) | (4,030) |
| Total assets总资产 | 500,629 | 470,046 | 654,561 | 859,387 |
| Loans and borrowings贷款与借款 | 153,479 | 168,985 | 339,716 | 566,992 |
| Cash and cash equivalents现金与现金等价物 | 127,790 | 154,711 | 102,275 | 75,448 |
| Total equity总权益 | 230,328 | 243,082 | 231,818 | 191,028 |
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 |
|---|---|---|
| Acquisition of two parcels of vacant commercial land measuring approximately 7.08 acres in Bukit Raja, Klang for RM56.0 million, subject to conditions precedent以 RM56.0 million 收购巴生武吉拉惹约 7.08 英亩的两幅空置商业地块，须符合先决条件 | The acquisition was completed on 24 June 2024 for cash consideration of RM56,000,000.该项收购于 2024 年 6 月 24 日以 RM56,000,000 现金代价完成。 Source: annual report 2023, page 22; annual report 2024, pages 24, 55.出处：2023 年年报第 22 页；2024 年年报第 24、55 页。 | Completed已完成 |
| A first and final ordinary dividend of 4 sen per share amounting to RM5,373,234 recommended for FY2023建议派发 2023 财政年度每股 4 仙、总计 RM5,373,234 的首期兼终期普通股息 | Shareholders approved the dividend, and RM5,373,234 was paid on 23 July 2024.股东批准了该项股息，RM5,373,234 于 2024 年 7 月 23 日派发。 Source: annual report 2023, page 50; annual report 2024, pages 51, 89.出处：2023 年年报第 50 页；2024 年年报第 51、89 页。 | Paid已派发 |
| A first and final ordinary dividend of 3 sen per share amounting to RM4,029,926 recommended for FY2024建议派发 2024 财政年度每股 3 仙、总计 RM4,029,926 的首期兼终期普通股息 | Shareholders approved the dividend, and RM4,029,926 was paid on 25 July 2025.股东批准了该项股息，RM4,029,926 于 2025 年 7 月 25 日派发。 Source: annual report 2024, page 51; annual report 2025, pages 55, 93.出处：2024 年年报第 51 页；2025 年年报第 55、93 页。 | Paid已派发 |
| Planning permission application for Phase 1 of Bukit Raja mixed development submitted in September 2024, awaiting approval巴生武吉拉惹综合开发项目第一期的规划许可申请于 2024 年 9 月提交，等待批准 | Planning permission was approved in August 2025, and early works were approved while the Building Plan was submitted and pending approval.规划许可于 2025 年 8 月获批，前期工程获批展开，建筑图测已提交并待批。 Source: annual report 2024, page 24; annual report 2025, page 26.出处：2024 年年报第 24 页；2025 年年报第 26 页。 | Approved; building plan pending已获批准；建筑图测待批 |
| AD&W expected new projects to generate around RM17.50 million in revenue for 2024 and total revenue to surpass RM21.94 millionAD&W 预计新项目在 2024 年带来约 RM17.50 million 营业额，且总营业额将超过 RM21.94 million | AD&W recorded revenue of RM17.77 million in FY2024, not surpassing the RM21.94 million level as site works progressed slower than anticipated.AD&W 2024 财政年度录得营业额 RM17.77 million，未能超过 RM21.94 million，因现场施工进度慢于预期。 Source: annual report 2023, page 23; annual report 2024, page 25.出处：2023 年年报第 23 页；2024 年年报第 25 页。 | Target not met未达预期 |
| Board Diversity Policy set a target of at least 30% woman participation on the Board by 2023董事会多元化政策设定目标，至 2023 年实现董事会至少 30% 女性参与 | The company reported departure from Practice 5.9 of the Malaysian Code on Corporate Governance in both 2024 and 2025.公司在 2024 年与 2025 年均报告偏离了马来西亚企业管治守则第 5.9 条实践。 Source: annual report 2023, page 34; annual report 2024, page 41; annual report 2025, page 45.出处：2023 年年报第 34 页；2024 年年报第 41 页；2025 年年报第 45 页。 | Target not met未达目标 |
What the reports leave open年报留下待看的事
- Approval of the Building Plan for Phase 1 of the Bukit Raja mixed development (Alcan City) and its planned launch in 2026.巴生武吉拉惹综合开发项目（Alcan City）第一期建筑图测的审批情况以及 2026 年的计划推介。
Source: annual report 2025, pages 26, 27.出处：2025 年年报第 26、27 页。
- Execution and financing of capital expenditure commitments of RM161,221,000 for the caster line and heavy machineries, with total loans and borrowings at RM566,992,000.铸造线及重型机械 RM161,221,000 资本支出承诺的执行与融资，以及达到 RM566,992,000 的贷款与借款总额。
Source: annual report 2025, page 112.出处：2025 年年报第 112 页。
- Impact of the definitive regime for the European Union's Carbon Border Adjustment Mechanism (CBAM) taking effect in 2026 on aluminium exports.2026 年生效的欧盟碳边境调节机制（CBAM）确定性规则对铝出口的影响。
Source: annual report 2025, page 20.出处：2025 年年报第 20 页。
- Recovery of manufacturing operations and profitability after a manufacturing loss before tax of RM43.44 million in FY2025, which the report attributes mainly to reduced sales volumes and the gas supply disruption.在 2025 财政年度制造业务录得税前亏损 RM43.44 million（年报主要归因于销量下降及天然气供应中断）之后，制造业营运与盈利能力的恢复情况。
Source: annual report 2025, pages 15, 16, 19.出处：2025 年年报第 15、16、19 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。