DailySpaceHiap Teck Venture Berhad
5072 · 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
Hiap Teck Venture Berhad is listed on the Main Market of Bursa Malaysia Securities Berhad. The Manufacturing segment produces and distributes steel pipes, hollow sections, scaffolding equipment and accessories, and other steel products. The group also operates trading, iron ore mining exploration, and the sale of electricity through 51%-owned Eastern Power Resources Sdn. Bhd. It holds a 27.3% equity interest in Eastern Steel Sdn. Bhd., which operates an integrated steel plant in Kemaman, Terengganu.Hiap Teck Venture Berhad 在马来西亚证券交易所主板上市。制造部门生产和分销钢管、空心型钢、脚手架设备及配件以及其他钢铁产品。集团还经营贸易、铁矿勘探开采，并通过持股 51% 的 Eastern Power Resources Sdn. Bhd. 销售电力。集团持有 Eastern Steel Sdn. Bhd. 27.3% 的股权，后者在登嘉楼甘马挽运营一座综合钢铁厂。
Source: annual report 2024, page 91; annual report 2025, pages 13, 14, 15.出处：2024 年年报第 91 页；2025 年年报第 13、14、15 页。
In FY2025, the Trading segment recorded revenue of RM728.85 million, the Manufacturing segment recorded revenue of RM717.83 million, electricity sales brought RM27.73 million, and mining exploration generated RM3.03 million. In FY2023, the report stated that no single customer accounted for 10% or more of group revenue except for sales to the joint venture.在 2025 财政年度，贸易部门录得营业额 RM728.85 million，制造部门录得营业额 RM717.83 million，电力销售带来 RM27.73 million，矿业勘探产生 RM3.03 million。在 2023 财政年度，年报指除对合资企业的销售外，没有单一客户占集团营业额的 10% 或以上。
Source: annual report 2023, page 126; annual report 2025, pages 14, 15.出处：2023 年年报第 126 页；2025 年年报第 14、15 页。
Tan Sri Dato’ Seri Law Tien Seng holds a deemed interest of 492,713,324 shares (28.28%) through his 100% shareholding in Amardale Offshore Inc., which controls TS Law Investments Limited. Bluebay Investments Group Corporation holds a deemed interest of 102,646,058 shares (5.89%) held through Maybank Securities Nominees (Asing) Sdn. Bhd.Tan Sri Dato’ Seri Law Tien Seng 通过其全资持股的 Amardale Offshore Inc.（该公司控股 TS Law Investments Limited）被视作持有 492,713,324 股（28.28%）。Bluebay Investments Group Corporation 通过 Maybank Securities Nominees (Asing) Sdn. Bhd. 被视作持有 102,646,058 股（5.89%）。
Source: annual report 2025, page 152.出处：2025 年年报第 152 页。
Pledged securities accounts among the thirty largest shareholders include TA Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Chor Sek Choon with 6,000,000 shares (0.34%), HLIB Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Lee Kok Yeu with 5,000,000 shares (0.29%), and Alliancegroup Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Ong Yoong Nyock with 4,990,000 shares (0.29%).前三十大股东中的质押证券账户包括：TA Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Chor Sek Choon 持有 6,000,000 股（0.34%），HLIB Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Lee Kok Yeu 持有 5,000,000 股（0.29%），以及 Alliancegroup Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Ong Yoong Nyock 持有 4,990,000 股（0.29%）。
Source: annual report 2025, page 151.出处：2025 年年报第 151 页。
Tan Sri Dato’ Seri Law Tien Seng is the father of Executive Directors Mr. Law Wai Cheong and Mr. Law Wai Ho, who are siblings.Tan Sri Dato’ Seri Law Tien Seng 是执行董事 Mr. Law Wai Cheong 和 Mr. Law Wai Ho 的父亲，后两人为兄弟关系。
Source: annual report 2025, pages 5, 8, 152.出处：2025 年年报第 5、8、152 页。
Tan Sri Abd Rahman Bin Mamat retired as Chairman on 16 December 2022 and was succeeded by Tan Sri Dato’ Sri Mohamad Fuzi Bin Harun on 22 March 2023. Mr. Chen Thien Yin was appointed as an Independent Non-Executive Director on 3 January 2023 and Dato’ Ooi Lay See on 1 June 2023. Mr. Lee Ching Kion, the former Senior Independent Non-Executive Director, retired in December 2023, and Mr. Sherman Lam Yuen Suen was redesignated to that role on 15 December 2023. Mr. Law Wai Ho was appointed as an Executive Director on 28 March 2025.Tan Sri Abd Rahman Bin Mamat 于 2022 年 12 月 16 日退任主席，由 Tan Sri Dato’ Sri Mohamad Fuzi Bin Harun 于 2023 年 3 月 22 日接任。Mr. Chen Thien Yin 于 2023 年 1 月 3 日获委任为独立非执行董事，Dato’ Ooi Lay See 于 2023 年 6 月 1 日获委任。前高级独立非执行董事 Mr. Lee Ching Kion 于 2023 年 12 月退休，Mr. Sherman Lam Yuen Suen 于 2023 年 12 月 15 日调任该职务。Mr. Law Wai Ho 于 2025 年 3 月 28 日获委任为执行董事。
Source: annual report 2023, pages 5, 8, 21; annual report 2024, pages 6, 12; annual report 2025, pages 8, 24.出处：2023 年年报第 5、8、21 页；2024 年年报第 6、12 页；2025 年年报第 8、24 页。
Major events大事记
Source: annual report 2023, page 21.出处：2023 年年报第 21 页。
Source: annual report 2023, page 5.出处：2023 年年报第 5 页。
Source: annual report 2023, page 12.出处：2023 年年报第 12 页。
Source: annual report 2024, page 11.出处：2024 年年报第 11 页。
Source: annual report 2024, page 12.出处：2024 年年报第 12 页。
Source: annual report 2025, pages 11, 24.出处：2025 年年报第 11、24 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Total assets, equity and borrowings总资产、总权益与借款
Borrowings and cash借款与现金
20232023 年
At the end of FY2023, total borrowings stood at RM539.08 million and cash and cash equivalents totaled RM134.32 million, bringing net borrowings to RM404.76 million. Downstream subsidiaries recorded a loss before tax of RM14.05 million, while the group recorded a share of profit of RM44.52 million from ESSB. Electricity sales to the grid generated RM28.31 million in revenue and RM2.77 million in segment profit. A single tier final dividend of RM17,422,300 for the previous year was paid.2023 财年末，借款总额为 RM539.08 million，现金与现金等价物总计 RM134.32 million，净借款降至 RM404.76 million。下游子公司录得税前亏损 RM14.05 million，而集团从 ESSB 录得应占盈利 RM44.52 million。向电网售电产生 RM28.31 million 营业额及 RM2.77 million 分部盈利。向股东支付了上一年度单层终期股息 RM17,422,300。
Source: annual report 2023, pages 13, 15, 16, 73.出处：2023 年年报第 13、15、16、73 页。
20242024 年
In FY2024, the group subscribed to 54,600,000 new ordinary shares in ESSB for RM53.235 million under ESSB's RM195 million rights issue. Group property, plant and equipment acquired amounted to RM44,806,000. Cash and short-term deposits stood at RM93.88 million, while net borrowings rose to RM471.62 million. ESSB's profit contribution rose to RM77.28 million, and the downstream pre-tax profit recovered to RM40.11 million. A dividend of RM8,711,150 was paid.2024 财年，集团在 ESSB 的 RM195 million 配股计划中，以 RM53.235 million 按比例认购了 54,600,000 股 ESSB 新普通股。集团购置物业、厂房及设备达 RM44,806,000。现金及短期存款为 RM93.88 million，净借款增至 RM471.62 million。ESSB 的盈利贡献增至 RM77.28 million，下游税前盈利恢复至 RM40.11 million。派付股息 RM8,711,150。
Source: annual report 2024, pages 11, 13, 79, 89.出处：2024 年年报第 11、13、79、89 页。
20252025 年
In FY2025, property, plant and equipment acquisitions amounted to RM72,971,000, and an acquisition was completed with an additional payment of RM12,892,000 for a total cost of RM47,637,000. Net borrowings fell to RM390.19 million, and net gearing was 0.26x. Profit before tax was RM104.53 million, supported by ESSB's contribution of RM138.39 million, while an inventory write-down of RM11.29 million was recognised. A dividend of RM8,711,150 was paid.2025 财年，物业、厂房及设备购置额为 RM72,971,000，并通过额外支付 RM12,892,000 完成一项总成本确认为 RM47,637,000 的收购。净借款降至 RM390.19 million，净负债率为 0.26x。税前盈利为 RM104.53 million，受 ESSB 贡献的 RM138.39 million 支撑，同时确认了 RM11.29 million 的存货减记。派付股息 RM8,711,150。
Source: annual report 2025, pages 13, 82, 92, 107.出处：2025 年年报第 13、82、92、107 页。
Across the three years三年合看
ESSB's profit contribution rose from RM44.52 million in FY2023 to RM77.28 million in FY2024 and RM138.39 million in FY2025. A first and final single tier dividend of 0.5 sen per ordinary share was recommended in all three reports. No shares were bought back in FY2025, and 5,492,000 shares were held as treasury shares at its end.ESSB 的盈利贡献在期间逐年增长，从 2023 财年的 RM44.52 million 增至 2024 财年的 RM77.28 million 及 2025 财年的 RM138.39 million。三份年报均建议派发每股普通股 0.5 仙的第一次及终期单层股息。2025 财年没有回购股份，年末持有 5,492,000 股库存股。
Source: annual report 2023, pages 13, 73; annual report 2024, pages 13, 79; annual report 2025, pages 13, 33, 82.出处：2023 年年报第 13、73 页；2024 年年报第 13、79 页；2025 年年报第 13、33、82 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 RM59.0 million in 2023, RM53.0 million in 2024, and RM1.2 million in 2025. The group's share of capital commitments of the joint venture was RM506.2 million in 2023, RM223.2 million in 2024, and RM50.1 million in 2025.已签约但未拨备的物业、厂房及设备资本支出承诺在 2023 年为 RM59.0 million，2024 年为 RM53.0 million，2025 年为 RM1.2 million。集团分担的合资企业资本承诺在 2023 年为 RM506.2 million，2024 年为 RM223.2 million，2025 年为 RM50.1 million。
Source: annual report 2023, page 145; annual report 2024, page 136; annual report 2025, page 140.出处：2023 年年报第 145 页；2024 年年报第 136 页；2025 年年报第 140 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 | 1,583,278 | 1,585,208 | 1,683,207 | 1,437,548 |
| Profit before tax税前盈利 | 189,903 | 30,464 | 117,390 | 104,530 |
| Profit for the year年度盈利 | 156,364 | 31,830 | 107,359 | 110,305 |
| Net cash generated from operating activities营运活动所得现金净额 | (197,313) | 94,376 | 22,718 | 166,148 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (10,959) | (38,406) | (34,769) | (72,971) |
| Dividends paid to owners of the Company已付公司所有者股息 | (17,310) | (17,422) | (8,711) | (8,711) |
| Total assets总资产 | 2,028,098 | 1,892,408 | 2,095,662 | 2,085,851 |
| Borrowings借款 | 608,483 | 539,076 | 565,501 | 485,166 |
| Cash and cash equivalents现金与现金等价物 | 150,061 | 134,315 | 93,881 | 94,974 |
| Total equity总权益 | 1,272,111 | 1,286,012 | 1,384,663 | 1,484,823 |
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 |
|---|---|---|
| Installing a rooftop solar PV system on group buildings, scheduled to be finished by next year with estimated capacity of 4,681 kWp在集团建筑物上安装屋顶太阳能光伏系统，预计明年完成，预估容量为 4,681 kWp | The installation was completed in September 2024 with capacity of 4,681 kWp, and the 2025 report noted it was fully energised on 1 March 2025.安装工程于 2024 年 9 月完成，容量为 4,681 kWp；2025 年报指出其于 2025 年 3 月 1 日全面送电运作。 Source: annual report 2023, page 61; annual report 2024, page 12; annual report 2025, page 12.出处：2023 年年报第 61 页；2024 年年报第 12 页；2025 年年报第 12 页。 | Completed已完成 |
| Target of 70% local sourcing for spare parts and consumable items by FY2025 once the joint venture entity produces HRC in Malaysia一旦合资企业在马来西亚生产热轧板卷，力争在 2025 财年实现备件和耗材 70% 本地采购的目标 | HTVB started procuring Hot Rolled Coil locally from February 2025, but the 2025 report does not state whether the 70% local sourcing target was met.HTVB 自 2025 年 2 月起开始在本地采购热轧板卷，但 2025 年报未说明 70% 本地采购目标是否达成。 Source: annual report 2023, page 52; annual report 2025, pages 54, 69.出处：2023 年年报第 52 页；2025 年年报第 54、69 页。 | Outcome not stated未公布结果 |
| Target to reduce total waste generated to 120 metric tonnes for next year设定目标下一年将产生的总废弃物减少至 120 公吨 | The 2024 report did not report against the 120 metric tonnes target, and instead set a target to reduce total waste generated by 10% in the following year.2024 年报未就 120 公吨目标汇报进展，而是设定了下一年将总废弃物产生量减少 10% 的新目标。 Source: annual report 2023, page 61; annual report 2024, page 67.出处：2023 年年报第 61 页；2024 年年报第 67 页。 | Target replaced目标已调整 |
| Recommendation of a first and final single tier dividend of 0.5 sen per ordinary share for FY2023建议派发 2023 财年每股 0.5 仙的第一次及终期单层股息 | The single tier final dividend of 0.5 sen per ordinary share totaling RM8,711,150 was paid on 19 January 2024.每股 0.5 仙、总计 RM8,711,150 的单层终期股息已于 2024 年 1 月 19 日派发。 Source: annual report 2023, page 13; annual report 2024, page 79.出处：2023 年年报第 13 页；2024 年年报第 79 页。 | Paid已派发 |
| Completion of the Hot Rolled Coil plant by December 2024热轧板卷厂预计于 2024 年 12 月完工 | ESSB commissioned the 1,450 mm Hot Roll Mill in January 2025, operating at approximately 60% capacity.ESSB 于 2025 年 1 月投产 1,450 毫米热轧板卷厂，约按 60% 产能运作。 Source: annual report 2024, page 11; annual report 2025, page 11.出处：2024 年年报第 11 页；2025 年年报第 11 页。 | Completed in January 20252025年1月完工 |
| Target to maintain zero work-related fatalities and an incident rate below 2.5 for the next year目标在下一年保持零工伤身亡并将事故发生率维持在 2.5 以下 | The 2025 report's table shows 0 work-related fatalities in each column and high-consequence lost time injuries of 19, 15 and 15, without year headings.2025 年报表格各栏工伤身亡均为 0，高后果误工伤害为 19、15 及 15 起，未标明年份。 Source: annual report 2024, page 56; annual report 2025, page 56.出处：2024 年年报第 56 页；2025 年年报第 56 页。 | Achieved zero fatalities达成零身亡 |
What the reports leave open年报留下待看的事
- The detailed framework and mechanism for the national carbon tax scheduled for 2026, which remain to be finalised by the government.定于 2026 年实施的全国碳税的具体框架和机制，仍有待政府最终敲定。
Source: annual report 2025, page 12.出处：2025 年年报第 12 页。
- Downstream division recovery amid margin compression, following a group operating loss of RM11.78 million and a Trading segment loss of RM46.59 million in FY2025.在利润率承压下下游业务的复苏情况；2025 财年集团营运亏损 RM11.78 million，贸易部门亏损达 RM46.59 million。
Source: annual report 2025, pages 12, 14.出处：2025 年年报第 12、14 页。
- Capacity ramp-up of the 1,450 mm Hot Roll Mill commissioned in January 2025, which was operating at approximately 60% capacity.2025 年 1 月投产的 1,450 毫米热轧板卷厂的产能爬坡进展，该厂当时约按 60% 产能运作。
Source: annual report 2025, page 11.出处：2025 年年报第 11 页。
- ESSB's bank borrowings, which stood at RM3.46 billion at the end of FY2025 compared to RM2.23 billion in FY2024, alongside HTVB's share of joint venture capital commitments of RM50.1 million.ESSB 的银行借款在 2025 财年末达 RM3.46 billion，而 2024 财年为 RM2.23 billion，以及 HTVB 分担的 RM50.1 million 合资企业资本承诺。
Source: annual report 2024, page 15; annual report 2025, pages 15, 140.出处：2024 年年报第 15 页；2025 年年报第 15、140 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。