DailySpaceCountry View Berhad
5049 · Main Market主板（Main Market） · annual reports 2023 to 2025, 1095 entries read2023 至 2025 年报，共读出 1095 条
The company这家公司
Country View Berhad is a property developer operating predominantly in Malaysia. Its main property development projects include the Aurora Resort Villas and Aurora Avenue shop offices at Aurora Sentral, and developments at Taman Nusa Sentral, in Iskandar Puteri, Johor.Country View Berhad 是一家主要在马来西亚经营的房地产开发商。其主要房地产开发项目包括位于柔佛依斯干达公主城 Aurora Sentral 的 Aurora Resort Villas 和 Aurora Avenue 商铺，以及 Taman Nusa Sentral 的各项开发。
Source: annual report 2023, page 13; annual report 2024, pages 12, 112; annual report 2025, pages 13, 121.出处：2023 年年报第 13 页；2024 年年报第 12、112 页；2025 年年报第 13、121 页。
The property development division contributes most of group revenue. In 2025, revenue comprised RM322.2 million from property development, RM55.8 million from sales of commercial lands, and RM1.7 million from sales of completed properties. The group had no major customer accounting for 10% or more of group revenue.房地产开发部门贡献了集团的大部分营业额。2025 年，营业额包括房地产开发 RM322.2 million、商业土地销售 RM55.8 million 以及已竣工产业销售 RM1.7 million。集团没有占营业额 10% 或以上的主要客户。
Source: annual report 2025, pages 14, 76, 111, 121.出处：2025 年年报第 14、76、111、121 页。
As at the 2025 report, Law Kit Tat held 23,259,200 shares (23.2592%), of which 17,507,800 shares (17.5078%) were held through a pledged securities account under AMSEC Nominees (Tempatan) Sdn Bhd and 5,751,400 shares (5.7514%) under his own name. Wong Chee Sean @ Wong Sean held 19,404,986 shares (19.4050%), including 17,704,986 shares (17.7050%) under his own name and 1,700,000 shares (1.7000%) in a pledged securities account under Public Nominees (Tempatan) Sdn Bhd, with an additional 2,130,000 shares (2.1300%) deemed interested through Summer Earth Sdn. Bhd.截至 2025 年年报，Law Kit Tat 持有 23,259,200 股（23.2592%），其中 17,507,800 股（17.5078%）通过 AMSEC Nominees (Tempatan) Sdn Bhd 的抵押证券账户持有，5,751,400 股（5.7514%）以其个人名义持有。Wong Chee Sean @ Wong Sean 持有 19,404,986 股（19.4050%），包括以其个人名义持有的 17,704,986 股（17.7050%）以及在 Public Nominees (Tempatan) Sdn Bhd 抵押证券账户中的 1,700,000 股（1.7000%），并通过 Summer Earth Sdn. Bhd. 视同持有额外的 2,130,000 股（2.1300%）。
Source: annual report 2025, pages 128, 129.出处：2025 年年报第 128、129 页。
Law Kee Kong is the younger brother of Law Kit Tat. Executive Director Wong Chee Sean @ Wong Sean and Executive Director Wong Joon Chin are cousins.Law Kee Kong 是 Law Kit Tat 的弟弟。执行董事 Wong Chee Sean @ Wong Sean 与执行董事 Wong Joon Chin 是堂表亲属关系。
Source: annual report 2025, pages 8, 9, 10.出处：2025 年年报第 8、9、10 页。
Tan Sri Azhar Bin Azizan @ Harun was appointed to the board on 13 March 2023. Choong Shiau Yoon retired on 27 April 2023, and Chua Yong Hiang was appointed on the same date. Chua Yong Hiang will retire at the close of the 2026 Annual General Meeting and will not seek re-election.Tan Sri Azhar Bin Azizan @ Harun 于 2023 年 3 月 13 日获委任为董事。Choong Shiau Yoon 于 2023 年 4 月 27 日退任，Chua Yong Hiang 于同日获委任。Chua Yong Hiang 将在 2026 年股东常年大会结束后退任，且不再寻求连任。
Source: annual report 2023, pages 10, 28; annual report 2025, pages 16, 131.出处：2023 年年报第 10、28 页；2025 年年报第 16、131 页。
Revenue by product and activity, 20252025 年按产品与业务划分之营业额
Source: annual report 2025, page 111.出处：2025 年年报第 111 页。
Major events大事记
Source: annual report 2023, page 12.出处：2023 年年报第 12 页。
Source: annual report 2023, pages 10, 28.出处：2023 年年报第 10、28 页。
Source: annual report 2024, page 12.出处：2024 年年报第 12 页。
Source: annual report 2024, page 64.出处：2024 年年报第 64 页。
Source: annual report 2025, page 13.出处：2025 年年报第 13 页。
Source: annual report 2025, page 72.出处：2025 年年报第 72 页。
Revenue, profit and borrowings营业额、盈利与借款
Assets, equity and cash资产、权益与现金
20232023 年
In 2023, net cash used in operating activities was RM16.7 million. Disposals of investment properties realised cash flows of RM25.4 million. The group paid down RM39.6 million of borrowings and drew down RM39.7 million of further loan facilities. Dividends paid were RM8.5 million, and cash and bank balances declined to RM6.6 million.2023 年，营运活动所用现金净额为 RM16.7 million。脱售投资产业实现现金流 RM25.4 million。集团偿还了 RM39.6 million 的借款，并提取了 RM39.7 million 的新增贷款额度。已付股息为 RM8.5 million，现金与银行结余降至 RM6.6 million。
Source: annual report 2023, pages 13, 64.出处：2023 年年报第 13、64 页。
20242024 年
In 2024, net cash generated from operating activities was RM49.9 million. Disposals of investment properties realised cash flows of RM8.3 million. The group paid down RM115.1 million of borrowings and drew down RM78.6 million of loan facilities, reducing total borrowings to RM171.6 million. Dividends paid were RM8.0 million, and cash and bank balances declined to RM4.0 million.2024 年，营运活动所得现金净额为 RM49.9 million。脱售投资产业实现现金流 RM8.3 million。集团偿还了 RM115.1 million 的借款，并提取了 RM78.6 million 的贷款额度，使借款总额降至 RM171.6 million。已付股息为 RM8.0 million，现金与银行结余降至 RM4.0 million。
Source: annual report 2024, pages 13, 77.出处：2024 年年报第 13、77 页。
20252025 年
In 2025, net cash generated from operating activities was RM141.1 million. The sale of one unit of three storey shop office realised cash flows of RM1.8 million. The group drew down RM67.3 million of loan facilities and repaid RM139.6 million of borrowings, reducing total borrowings to RM88.3 million. Dividends paid were RM40.5 million, and cash and bank balances rose to RM14.8 million.2025 年，营运活动所得现金净额为 RM141.1 million。出售一间三层店屋办事处实现现金流 RM1.8 million。集团提取了 RM67.3 million 的贷款额度，并偿还了 RM139.6 million 的借款，使借款总额降至 RM88.3 million。已付股息为 RM40.5 million，现金与银行结余升至 RM14.8 million。
Source: annual report 2025, pages 14, 85.出处：2025 年年报第 14、85 页。
Across the three years三年合看
Across the three years, total borrowings were reduced from RM215.9 million in 2023 to RM171.6 million in 2024 and RM88.3 million in 2025. The company does not have a formal dividend policy. Dividends paid in cash amounted to RM8.5 million in 2023, RM8.0 million in 2024, and RM40.5 million in 2025, while total dividends declared for 2025 were RM53 million. Pledged completed properties held for sale were RM14,895,000 in 2023, RM22,871,000 in 2024, and RM38,525,000 in 2025.三年合看，借款总额从 2023 年的 RM215.9 million 缩减至 2024 年的 RM171.6 million 及 2025 年的 RM88.3 million。公司没有正式的股息政策。以现金支付的股息在 2023 年为 RM8.5 million，2024 年为 RM8.0 million，2025 年为 RM40.5 million，而 2025 年宣布派发的股息总额为 RM53 million。持作销售的已抵押竣工产业在 2023 年为 RM14,895,000，2024 年为 RM22,871,000，2025 年为 RM38,525,000。
Source: annual report 2023, pages 13, 64, 94; annual report 2024, pages 13, 77, 91; annual report 2025, pages 14, 24, 85, 100.出处：2023 年年报第 13、64、94 页；2024 年年报第 13、77、91 页；2025 年年报第 14、24、85、100 页。
Still to be spent尚未支出的承诺
The reports state that no major capital expenditure was incurred in 2023, 2024, or 2025, and no proceeds were raised. At 30 November 2025, the group had a provision for affordable housing obligation of RM4.9 million; on 27 January 2026 the Board declared a fourth interim dividend of 13 sen per share (RM13,000,000), payable on 16 March 2026.年报说明 2023、2024 及 2025 年均未产生重大资本支出，亦未筹集任何募集资金。截至 2025 年 11 月 30 日，集团计提了 RM4.9 million 的可负担房屋义务拨备；董事会于 2026 年 1 月 27 日宣布派发每股 13 仙（RM13,000,000）的第四次中期股息，定于 2026 年 3 月 16 日支付。
Source: annual report 2023, pages 13, 46; annual report 2024, pages 13, 58; annual report 2025, pages 14, 66, 69, 109.出处：2023 年年报第 13、46 页；2024 年年报第 13、58 页；2025 年年报第 14、66、69、109 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 | 81,317 | 109,705 | 195,394 | 379,675 |
| Profit before tax税前盈利 | 4,132 | 11,960 | 31,978 | 111,367 |
| Profit for the financial year本财年盈利 | 3,038 | 7,935 | 25,548 | 82,296 |
| Net cash from/(used in) operating activities营运活动所得／（所用）现金净额 | (11,218) | (16,732) | 49,934 | 141,122 |
| Net cash from investing activities投资活动所得现金净额 | 3,605 | 25,345 | 8,394 | 1,502 |
| Net cash used in financing activities融资活动所用现金净额 | (5,820) | (15,766) | (53,079) | (120,945) |
| Dividends paid已付股息 | (6,000) | (8,500) | (8,000) | (40,500) |
| Total assets总资产 | 677,286 | 692,862 | 706,428 | 721,360 |
| Borrowings借款 | 209,188 | 215,856 | 171,555 | 88,259 |
| Cash and bank balances现金与银行结余 | 7,166 | 6,575 | 4,006 | 14,759 |
| Total equity总权益 | 412,110 | 411,545 | 429,093 | 461,889 |
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 |
|---|---|---|
| Planning to launch the 3 Storey Semi-Detached Shops known as Aurora Avenue in Aurora Sentral in FY2024计划于 2024 财年在 Aurora Sentral 推出名为 Aurora Avenue 的三层半独立式商铺 | Soft launched Phase 1 in April 2024 and Phase 2 in July 2024, achieving gross sales value of RM282.3 million.于 2024 年 4 月试推介第一期，7 月试推介第二期，取得 RM282.3 million 的总销售额。 Source: annual report 2023, page 14; annual report 2024, page 12.出处：2023 年年报第 14 页；2024 年年报第 12 页。 | Carried out已执行 |
| Planning to launch the remaining affordable housing under the RMMJ and PKJ A scheme in Taman Nusa Sentral in FY2024计划于 2024 财年在 Taman Nusa Sentral 推出 RMMJ 及 PKJ A 计划下的剩余可负担房屋 | Deferred to FY2025 in the 2024 report; 198 RMMJ units were launched in May 2025, and for PKJ A an agreement to develop and sell 71 units was signed with Perbadanan Setiausaha Kerajaan, Johor in November 2025.在 2024 年年报中推迟至 2025 财年；RMMJ 计划下 198 个单位于 2025 年 5 月推出，PKJ A 方面则于 2025 年 11 月与柔佛州秘书署签署协议，开发并出售 71 个单位。 Source: annual report 2023, page 14; annual report 2024, page 14; annual report 2025, page 13.出处：2023 年年报第 14 页；2024 年年报第 14 页；2025 年年报第 13 页。 | Partly done, later than said部分完成，且晚于原定 |
| Developing an exquisite clubhouse to be wholly owned by the owners of Aurora Resort Villas兴建由 Aurora Resort Villas 业主全权拥有的专属俱乐部 | Completed together with the first phase of Aurora Resort Villas with Certificate of Completion and Compliance in March 2025.连同 Aurora Resort Villas 第一期于 2025 年 3 月竣工并取得完工及合规证书。 Source: annual report 2023, page 12; annual report 2025, page 13.出处：2023 年年报第 12 页；2025 年年报第 13 页。 | Completed已完工 |
| Expected performance for FY2025 to be derived in part from the completion of the sales of commercial lands in Taman Nusa Sentral预计 2025 财年表现部分来自 Taman Nusa Sentral 商业土地销售的完成 | Recognised RM55.8 million of revenue from the sales of commercial lands in FY2025.2025 财年确认了 RM55.8 million 的商业土地销售营业额。 Source: annual report 2024, page 14; annual report 2025, page 111.出处：2024 年年报第 14 页；2025 年年报第 111 页。 | Completed已完成 |
What the reports leave open年报留下待看的事
- Completion and proceeds from the sale of the commercial land parcel designated for a petrol kiosk in Mukim Pulai, Johor Bahru under the agreement signed on 7 January 2026.根据 2026 年 1 月 7 日签署的协议，脱售新山 Mukim Pulai 拟作加油站的商业土地的完成与所得款项。
Source: annual report 2025, page 72.出处：2025 年年报第 72 页。
- Retirement of Nomination Committee Chairman Chua Yong Hiang, who will retire as Director at the conclusion of the 2026 Annual General Meeting and will not seek re-election.提名委员会主席 Chua Yong Hiang 将在 2026 年股东常年大会结束后退任董事，且不再寻求连任。
Source: annual report 2025, pages 16, 52.出处：2025 年年报第 16、52 页。
- Execution of the agreement entered into with Perbadanan Setiausaha Kerajaan, Johor in November 2025, and development of the low-cost houses under the PKJ A scheme.2025 年 11 月与柔佛州秘书署（Perbadanan Setiausaha Kerajaan, Johor）签署协议的执行情况，以及 PKJ A 计划下廉价房屋的开发进展。
Source: annual report 2025, pages 13, 30.出处：2025 年年报第 13、30 页。
- Utilisation of corporate guarantees provided to a subsidiary, with an outstanding utilised balance of RM96.5 million against a facility limit of RM234.4 million at 30 November 2025.为子公司提供的公司担保使用情况，截至 2025 年 11 月 30 日在 RM234.4 million 的融资额度中已使用 RM96.5 million。
Source: annual report 2025, page 110.出处：2025 年年报第 110 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-11-06.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 2026-11-06。