DailySpaceOriental Holdings Berhad
4006 · Main Market主板 · annual reports 2023 to 2025, 2421 entries read2023 至 2025 年报，共读出 2421 条
The company这家公司
Oriental Holdings Berhad operates across multiple business segments. In 2025, the Automotive and Plantation segments contributed 58% and 21% of consolidated revenue respectively. There are no customers with revenue equal to or more than 10% of the group's total revenue.Oriental Holdings Berhad 经营多个业务部门。2025 年，汽车和种植部门分别占集团合并营业额的 58% 和 21%。没有任何单一客户占集团总营业额的 10% 或以上。
Source: annual report 2025, pages 27, 185.出处：2025 年年报第 27、185 页。
In the automotive segment, the company is the exclusive distributor of Honda cars in Singapore and Brunei Darussalam, and distributes and retails Honda, Mitsubishi and BYD cars. In 2025, the automotive segment recorded revenue of RM3.3 billion, with retail operations in Singapore contributing 46.2% of the segment's total revenue, while Malaysia and Brunei contributed the remaining 53.8%.在汽车部门，公司是本田（Honda）汽车在新加坡和文莱的独家分销商，并分销和零售本田、三菱（Mitsubishi）及比亚迪（BYD）汽车。2025 年，汽车部门录得营业额 RM3.3 billion，其中新加坡零售业务占部门总营业额的 46.2%，马来西亚和文莱贡献其余的 53.8%。
Source: annual report 2025, page 29.出处：2025 年年报第 29 页。
Following an internal restructuring in 2024, Soaring Success Sdn Bhd emerged as a major stockholder. In the 2025 report, CIMB Group Nominees (Tempatan) Sdn Bhd held 155,090,458 stocks (25.06%) in a pledged securities account for Soaring Success Sdn Bhd, and CIMSEC Nominees (Tempatan) Sdn Bhd held 84,576,792 stocks (13.67%) for Soaring Success Sdn Bhd. UOB Kay Hian Nominees (Tempatan) Sdn Bhd held 42,670,950 stocks (6.90%) and Loh Ean Holdings Sdn Bhd held 31,734,190 stocks (5.13%).在 2024 年内部重组后，Soaring Success Sdn Bhd 成为主要股东。2025 年报显示，CIMB Group Nominees (Tempatan) Sdn Bhd 为 Soaring Success Sdn Bhd 的抵押证券账户持有 155,090,458 股（25.06%），CIMSEC Nominees (Tempatan) Sdn Bhd 为 Soaring Success Sdn Bhd 持有 84,576,792 股（13.67%）。UOB Kay Hian Nominees (Tempatan) Sdn Bhd 持有 42,670,950 股（6.90%），Loh Ean Holdings Sdn Bhd 持有 31,734,190 股（5.13%）。
Source: annual report 2024, page 12; annual report 2025, page 240.出处：2024 年年报第 12 页；2025 年年报第 240 页。
The reports disclose family relationships among several directors. Datuk Loh Kian Chong, Dato' Sri Datuk Wira Tan Hui Jing and Tan Kheng Hwee are cousins, and are nephews and niece to Dato' Seri Lim Su Tong. Datin Loh Ean, alternate to Dato' Wong Lum Kong, demised on 4 November 2024.年报披露了多位董事之间的家族亲属关系。Datuk Loh Kian Chong、Dato' Sri Datuk Wira Tan Hui Jing 与 Tan Kheng Hwee 为表亲关系，且均为 Dato' Seri Lim Su Tong 的侄甥与侄女。Dato' Wong Lum Kong 的候补董事 Datin Loh Ean 于 2024 年 11 月 4 日逝世。
Source: annual report 2023, page 18; annual report 2024, page 80; annual report 2025, pages 18, 19.出处：2023 年年报第 18 页；2024 年年报第 80 页；2025 年年报第 18、19 页。
Dato' Robert Wong Lum Kong was redesignated as Non-Independent Non-Executive Director on 13 November 2024 and retired on 10 June 2025. On 1 April 2025, Mr. Mitsuharu Funase resigned and Mr. Kunitomo Asano was appointed as Non-Independent Non-Executive Director. Dato' Yaep Chin Yee was appointed as Alternate Director to Dato' Seri Lim Su Tong on 13 January 2026.Dato' Robert Wong Lum Kong 于 2024 年 11 月 13 日调任为非独立非执行董事，并于 2025 年 6 月 10 日退休。2025 年 4 月 1 日，Mr. Mitsuharu Funase 辞职，Mr. Kunitomo Asano 获委任为非独立非执行董事。Dato' Yaep Chin Yee 于 2026 年 1 月 13 日获委任为 Dato' Seri Lim Su Tong 的候补董事。
Source: annual report 2024, pages 18, 21; annual report 2025, pages 22, 56, 65.出处：2024 年年报第 18、21 页；2025 年年报第 22、56、65 页。
Automotive segment revenue by region, 20252025 年汽车部门各地区营业额占比
Source: annual report 2025, page 29.出处：2025 年年报第 29 页。
Major events大事记
Source: annual report 2023, pages 25, 40.出处：2023 年年报第 25、40 页。
Source: annual report 2023, page 45.出处：2023 年年报第 45 页。
Source: annual report 2023, pages 26, 205.出处：2023 年年报第 26、205 页。
Source: annual report 2024, pages 207, 223.出处：2024 年年报第 207、223 页。
Source: annual report 2024, pages 27, 150.出处：2024 年年报第 27、150 页。
Source: annual report 2024, page 207; annual report 2025, page 88.出处：2024 年年报第 207 页；2025 年年报第 88 页。
Source: annual report 2025, pages 128, 213, 214.出处：2025 年年报第 128、213、214 页。
Source: annual report 2025, pages 47, 89.出处：2025 年年报第 47、89 页。
Source: annual report 2025, pages 28, 90.出处：2025 年年报第 28、90 页。
Revenue, profit and operating cash营业额、年度利润与营运现金
Assets, borrowings and equity资产、借款与权益
20232023 年
In 2023, net cash from operating activities was RM385.8 million. Cash used in investing activities included RM140.5 million for property, plant and equipment, RM110.1 million for the acquisition of a subsidiary net of cash acquired, and RM646.9 million for the acquisition of non-controlling interests. Changes in bank borrowings provided RM796.0 million, while dividends paid to stockholders were RM248.1 million, dividends paid to non-controlling interests were RM4.4 million, and interest paid was RM113.1 million. Cash and cash equivalents ended at RM1,872.9 million.2023 年，营运活动所得现金净额为 RM385.8 million。投资活动所用现金包括购置物业、厂房与设备的 RM140.5 million、扣除所取得现金后的收购子公司净额 RM110.1 million，以及收购非控股权益的 RM646.9 million。银行借款变动带来 RM796.0 million，向股东派发股息 RM248.1 million，向非控股权益支付股息 RM4.4 million，已付利息为 RM113.1 million。现金与现金等价物期末结余为 RM1,872.9 million。
Source: annual report 2023, pages 91, 92.出处：2023 年年报第 91、92 页。
20242024 年
In 2024, net cash from operating activities rose to RM599.3 million. Investing activities generated RM240.3 million from the disposal of assets classified as held for sale, while spending on property, plant and equipment was RM546.2 million. Changes in bank borrowings provided RM117.1 million, the company spent RM720,000 buying back 100,000 own shares, interest paid was RM110.6 million, and dividends paid to stockholders were RM248.1 million. Cash and cash equivalents ended at RM2,952.7 million.2024 年，营运活动所得现金净额升至 RM599.3 million。投资活动从脱售分类为持作出售资产中获得 RM240.3 million，购置物业、厂房与设备支出为 RM546.2 million。银行借款变动带来 RM117.1 million，公司斥资 RM720,000 回购 100,000 股自身股份，已付利息为 RM110.6 million，向股东派发股息 RM248.1 million。现金与现金等价物期末结余为 RM2,952.7 million。
Source: annual report 2024, pages 27, 93, 94.出处：2024 年年报第 27、93、94 页。
20252025 年
In 2025, net cash from operating activities was RM532.6 million. Spending on property, plant and equipment was RM199.7 million, additions to investment properties were RM59.5 million, and acquisitions of non-controlling interests took RM74.5 million. Financing cash flows included RM188.4 million for repayment of term loans, while revolving credit saw drawdowns of RM1,602.4 million and repayments of RM1,299.0 million. Dividends paid to stockholders were RM248.1 million, interest paid was RM53.0 million, and cash and cash equivalents ended at RM3,575.7 million.2025 年，营运活动所得现金净额为 RM532.6 million。购置物业、厂房与设备支出为 RM199.7 million，增加投资产业支出 RM59.5 million，收购非控股权益耗资 RM74.5 million。融资现金流包括偿还定期贷款 RM188.4 million，循环信贷提取 RM1,602.4 million 及偿还 RM1,299.0 million。向股东派发股息 RM248.1 million，已付利息为 RM53.0 million，现金与现金等价物期末结余为 RM3,575.7 million。
Source: annual report 2025, pages 99, 100, 101.出处：2025 年年报第 99、100、101 页。
Across the three years三年合看
Across the three years, total dividend payouts were maintained at 40 sen per ordinary stock each financial year, comprising an interim dividend of 20 sen and a final dividend of 20 sen per ordinary stock. Plantations were subject to currency fluctuations: in 2025, the plantation segment recorded an unrealised foreign exchange loss of RM166.3 million, compared to an unrealised loss of RM2.8 million in 2024 and an unrealised gain of RM8.6 million in 2023. Impairment losses on investment properties were RM17.4 million in 2023, RM101.4 million in 2024 and RM26.0 million in 2025.三年合看，每个财政年度的股息总额均维持在每股普通股 40 仙，包括中期股息 20 仙和终期股息 20 仙。种植业务受到汇率波动影响：2025 年种植部门录得未变现汇兑亏损 RM166.3 million，而 2024 年为未变现亏损 RM2.8 million，2023 年为未变现收益 RM8.6 million。投资产业减值亏损在 2023 年为 RM17.4 million，2024 年为 RM101.4 million，2025 年为 RM26.0 million。
Source: annual report 2023, pages 26, 34, 118; annual report 2024, pages 27, 35, 120; annual report 2025, pages 27, 35, 125.出处：2023 年年报第 26、34、118 页；2024 年年报第 27、35、120 页；2025 年年报第 27、35、125 页。
Still to be spent尚未支出的承诺
Capital commitments for property, plant and equipment contracted but not provided for rose from RM72.4 million at end 2023 to RM111.0 million at end 2024 and RM451.9 million at end 2025. In February 2026, stockholders approved the proposed acquisitions of three hotels and an office tower in Pulau Pinang and Langkawi for a total purchase consideration of RM411.00 million, which, subject to all approvals being obtained, is expected to be completed in the third quarter of 2026.已签约但未拨备的物业、厂房与设备资本承诺由 2023 年底的 RM72.4 million 升至 2024 年底的 RM111.0 million 及 2025 年底的 RM451.9 million。2026 年 2 月，股东批准了以合计 RM411.00 million 收购位于槟城和浮罗交怡的三家酒店及一座办公楼的建议案，在取得所有批准的前提下，预计将于 2026 年第三季度完成。
Source: annual report 2023, page 175; annual report 2024, page 178; annual report 2025, pages 28, 90, 185.出处：2023 年年报第 175 页；2024 年年报第 178 页；2025 年年报第 28、90、185 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 | 3,827,052 | 4,356,068 | 5,111,098 | 5,722,549 |
| Profit before tax税前利润 | 820,224 | 619,502 | 772,398 | 435,402 |
| Profit for the year年度利润 | 638,048 | 559,887 | 584,727 | 275,548 |
| Net cash from operating activities营运活动所得现金净额 | 469,782 | 385,801 | 599,297 | 532,593 |
| Net cash from/(used in) investing activities投资活动所得/（所用）现金净额 | (335,331) | (1,507,267) | 634,119 | 531,249 |
| Total assets总资产 | 10,402,990 | 11,657,037 | 11,557,753 | 11,262,063 |
| Total liabilities总负债 | 2,395,453 | 3,546,703 | 3,555,294 | 3,633,298 |
| Total equity总权益 | 8,007,537 | 8,110,334 | 8,002,459 | 7,628,765 |
| Total borrowings总借款 | 1,854,915 | 2,735,909 | 2,704,046 | 2,867,602 |
| Cash and cash equivalents现金及现金等价物 | 3,100,642 | 2,651,509 | 3,335,869 | 3,929,106 |
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 |
|---|---|---|
| Deposits of RM44,733,000 paid for Proposed Land Acquisitions yet to be completed at end 2023截至 2023 年底已为尚未完成的拟议土地收购支付定金 RM44,733,000 | The acquisitions of Bukit Langkap Estate and Thye Group Estate were completed on 22 January 2024 following settlement of the balance of purchase consideration of RM243.89 million, and Bentong Estate on 16 February 2024 following settlement of the balance of RM121.44 million.Bukit Langkap 园丘与 Thye Group 园丘的收购于 2024 年 1 月 22 日在支付收购价余额 RM243.89 million 后完成，Bentong 园丘于 2024 年 2 月 16 日在支付余额 RM121.44 million 后完成。 Source: annual report 2023, page 145; annual report 2024, pages 207, 223.出处：2023 年年报第 145 页；2024 年年报第 207、223 页。 | Completed已完成 |
| Contract exchanged on 5 January 2023 for the sale of a hotel property in Australia for RM234,000,000 with settlement in March 2024于 2023 年 1 月 5 日签署合约以 RM234,000,000 出售澳大利亚一家酒店物业，定于 2024 年 3 月交割 | Disposal of the hotel was completed in March 2024 for RM240,318,000, recording a gain of RM209.8 million.该酒店的脱售于 2024 年 3 月完成，对价为 RM240,318,000，录得收益 RM209.8 million。 Source: annual report 2023, page 146; annual report 2024, pages 27, 150.出处：2023 年年报第 146 页；2024 年年报第 27、150 页。 | Completed已完成 |
| Plantation strategy for 2024 to replant 116 hectares in Malaysian plantations2024 年种植战略为在马来西亚园丘重植 116 公顷 | A total of 745 hectares of oil palms were replanted in FY2024 for Malaysian plantations.2024 财政年度马来西亚园丘共重植了 745 公顷油棕。 Source: annual report 2023, page 34; annual report 2024, page 35.出处：2023 年年报第 34 页；2024 年年报第 35 页。 | 745 ha replanted; 2,000 ha had been planned for FY2024重植 745 公顷；原计划 2024 财年重植 2,000 公顷 |
| Upgrade of Sabah automotive outlet targeted to commence in May 2024沙巴汽车经销网点升级计划于 2024 年 5 月动工 | Renovation to upgrade the outlet from 3S to 4S was undertaken in 2024 and is expected to commence operations by May 2026.该网点由 3S 升级为 4S 中心的装修于 2024 年展开，预计将于 2026 年 5 月投入营运。 Source: annual report 2023, page 31; annual report 2024, page 32; annual report 2025, page 32.出处：2023 年年报第 31 页；2024 年年报第 32 页；2025 年年报第 32 页。 | Still in progress仍在进行中 |
| Reclamation works on balance 110 acres at Klebang commenced 23 February 2023 and to take about 30 months to complete吉里望剩余 110 英亩的填海工程于 2023 年 2 月 23 日动工，预计耗时约 30 个月完成 | Reclamation works remained ongoing in 2025 with targeted completion pushed to FY2026.填海工程在 2025 年仍在进行中，目标完工时间推迟至 2026 财政年度。 Source: annual report 2023, page 45; annual report 2025, page 47.出处：2023 年年报第 45 页；2025 年年报第 47 页。 | Delayed已延期 |
| A newly renovated in-house healthcare clinic targeted to commence operations by June 2025新装修的内部医疗诊所目标于 2025 年 6 月投入营运 | The clinic located at Menara TM Melaka, Ayer Keroh, commenced operations on 1 July 2025.位于马六甲爱极乐 Menara TM 的诊所于 2025 年 7 月 1 日开始营运。 Source: annual report 2024, page 43; annual report 2025, page 43.出处：2024 年年报第 43 页；2025 年年报第 43 页。 | Commenced in July 2025于 2025 年 7 月开业 |
What the reports leave open年报留下待看的事
- Completion of the acquisition of three hotels and an office tower in Pulau Pinang and Langkawi for RM411.00 million, which received stockholders' approval on 13 February 2026 and is targeted for the third quarter of 2026.以 RM411.00 million 收购槟城和浮罗交怡三家酒店及一座办公楼的交割进展，该交易于 2026 年 2 月 13 日获得股东批准，目标于 2026 年第三季度完成。
Source: annual report 2025, pages 28, 90.出处：2025 年年报第 28、90 页。
- Legal proceedings and outcome regarding the confiscation of 5,376.66 hectares of plantation land of PT Dapo Agro Makmur in South Sumatra by the prosecution authorities, following the court decision of 23 October 2025.南苏门答腊检察机关没收 PT Dapo Agro Makmur 5,376.66 公顷种植地一案，在 2025 年 10 月 23 日法院判决后的后续司法程序与处理结果。
Source: annual report 2025, page 88.出处：2025 年年报第 88 页。
- Progress on the joint venture agreements with Business Park Development Sdn Bhd to develop 54.75 acres at Klebang, Melaka, where Phase 1 is targeted for completion by 2032, while reclamation of the remaining 110 acres is targeted for FY2026.与 Business Park Development Sdn Bhd 在马六甲吉里望联合开发 54.75 英亩土地的进展（第一期目标于 2032 年完工），以及剩余 110 英亩填海工程目标于 2026 财政年度完成的进展。
Source: annual report 2025, page 47.出处：2025 年年报第 47 页。
- Managing foreign exchange volatility and export levies in the plantation segment, following an unrealised foreign exchange loss of RM166.3 million in 2025 and Indonesia's CPO export levy increase to 12.5% effective 1 March 2026.种植业务应对汇率波动与出口关税的情况，此前 2025 年录得未变现汇兑亏损 RM166.3 million，且印尼自 2026 年 3 月 1 日起将毛棕榈油出口税上调至 12.5%。
Source: annual report 2025, pages 35, 37.出处：2025 年年报第 35、37 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-11-02.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 2026-11-02。