DailySpaceFeytech Holdings Berhad
5322 · Main Market主板 · annual reports 2024 to 2025, 911 entries read2024 至 2025 年报，共读出 911 条
The company这家公司
Feytech Holdings Berhad was established in 2023 as an investment holding company to acquire Gosford Malaysia, Trimex Malaysia, Gosford Singapore, Trimex Australia and Feytech SB. The group manufactures and sells parts and accessories for motor vehicles, manufactures and distributes leather seat covers and completely-knocked-down parts, sells seat covers, leathers, PVC and accessories, provides repairing services on parts and accessories for vehicles and sells automotive upholstery products and related accessories.Feytech Holdings Berhad 于 2023 年设立为投资控股公司，以收购 Gosford Malaysia、Trimex Malaysia、Gosford Singapore、Trimex Australia 及 Feytech SB。该集团制造及销售机动车辆零部件与配件，制造及分销皮革椅套与全散装组件，向本地客户销售椅套、皮革、PVC 及配件，提供车辆零部件与配件维修服务，并销售汽车内饰产品及相关配件。
Source: annual report 2025, pages 3, 122.出处：2025 年年报第 3、122 页。
Of group revenue, automotive seats were 49.0% in 2024 (RM108.3 million) and 52.2% in 2025 (RM66.9 million); automotive covers were 51.0% (RM112.7 million) and 47.8% (RM61.3 million), made up of seat covers at 39.2% (RM86.6 million) and 40.0% (RM51.4 million) and interior part covers at 11.8% (RM26.1 million) and 7.8% (RM10.0 million).集团营收中，汽车座椅 2024 年为 49.0%（RM108.3 million），2025 年为 52.2%（RM66.9 million）；汽车椅套与包覆为 51.0%（RM112.7 million）及 47.8%（RM61.3 million），其中座椅套为 39.2%（RM86.6 million）及 40.0%（RM51.4 million），内饰件包覆为 11.8%（RM26.1 million）及 7.8%（RM10.0 million）。
Source: annual report 2024, page 37; annual report 2025, page 35.出处：2024 年年报第 37 页；2025 年年报第 35 页。
Of group revenue, OEM was 94.8% in 2024 (RM209.6 million) and 94.7% in 2025 (RM121.4 million); Malaysia was 97.7% in 2024 (RM215.9 million) and 97.4% in 2025 (RM124.9 million), and Singapore 2.0% in 2024 (RM4.4 million) and 2.4% in 2025 (RM3.0 million).集团营收中，OEM 2024 年为 94.8%（RM209.6 million），2025 年为 94.7%（RM121.4 million）；马来西亚 2024 年为 97.7%（RM215.9 million），2025 年为 97.4%（RM124.9 million）；新加坡 2024 年为 2.0%（RM4.4 million），2025 年为 2.4%（RM3.0 million）。
Source: annual report 2024, pages 37, 38; annual report 2025, page 36.出处：2024 年年报第 37、38 页；2025 年年报第 36 页。
The company's three largest shareholders are Tan Sun Sun with 34.941% (294,629,600 shares), Go Yoong Chang with 25.633% (216,142,000 shares), and Connie Go with 8.335% (70,287,600 shares) at the 2025 report date. In the 2024 report, Tan Sun Sun held 35.001% (295,129,600 shares) and Go Yoong Chang held 26.700% (225,142,000 shares).截至 2025 年年报日期，公司的前三大股东为 Tan Sun Sun 持股 34.941%（294,629,600 股）、Go Yoong Chang 持股 25.633%（216,142,000 股）以及 Connie Go 持股 8.335%（70,287,600 股）。在 2024 年年报中，Tan Sun Sun 持股 35.001%（295,129,600 股），Go Yoong Chang 持股 26.700%（225,142,000 股）。
Source: annual report 2024, page 169; annual report 2025, pages 192, 193.出处：2024 年年报第 169 页；2025 年年报第 192、193 页。
Go Yoong Chang is the brother of Connie Go and brother-in-law of Tan Sun Sun. Connie Go is the sister of Go Yoong Chang and sister-in-law of Tan Sun Sun. Tan Sun Sun is the sister-in-law of Connie Go and Go Yoong Chang.Go Yoong Chang 是 Connie Go 的兄弟，也是 Tan Sun Sun 的姻亲兄弟。Connie Go 是 Go Yoong Chang 的姐妹，也是 Tan Sun Sun 的姻亲姐妹。Tan Sun Sun 是 Connie Go 和 Go Yoong Chang 的姻亲姐妹。
Source: annual report 2024, page 19; annual report 2025, page 17.出处：2024 年年报第 19 页；2025 年年报第 17 页。
Dato’ Sri Muthanna Bin Abdullah was appointed on 19 March 2025 and resigned on 30 April 2025.Dato’ Sri Muthanna Bin Abdullah 于 2025 年 3 月 19 日获委任，并于 2025 年 4 月 30 日辞任。
Source: annual report 2025, page 101.出处：2025 年年报第 101 页。
Revenue by product segment, 20252025 年各产品分部营业额占比
Source: annual report 2025, page 35.出处：2025 年年报第 35 页。
Major events大事记
Source: annual report 2024, page 33.出处：2024 年年报第 33 页。
Source: annual report 2024, pages 22, 79; annual report 2025, page 27.出处：2024 年年报第 22、79 页；2025 年年报第 27 页。
Source: annual report 2024, page 33.出处：2024 年年报第 33 页。
Source: annual report 2024, page 154; annual report 2025, page 140.出处：2024 年年报第 154 页；2025 年年报第 140 页。
Source: annual report 2024, pages 31, 115; annual report 2025, page 134.出处：2024 年年报第 31、115 页；2025 年年报第 134 页。
Source: annual report 2024, page 46; annual report 2025, page 46.出处：2024 年年报第 46 页；2025 年年报第 46 页。
Source: annual report 2024, page 9; annual report 2025, pages 9, 134.出处：2024 年年报第 9 页；2025 年年报第 9、134 页。
Source: annual report 2025, pages 27, 29.出处：2025 年年报第 27、29 页。
Source: annual report 2025, pages 27, 28.出处：2025 年年报第 27、28 页。
Source: annual report 2025, pages 22, 38, 98.出处：2025 年年报第 22、38、98 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Assets, equity and borrowings总资产、总权益与借款
20242024 年
In 2024, Feytech was listed on the Main Market of Bursa Malaysia on 21 May 2024, issuing 143,324,800 new ordinary shares at RM0.80 per share for gross proceeds of approximately RM114.7 million (RM114,659,840), with share issuance expenses of RM2.9 million. Net cash from operating activities was RM19.8 million. Cash spent on purchase of property, plant and equipment was RM7.4 million. Dividends paid totalled RM43.0 million, comprising dividends of RM10.0 million and RM10.2 million paid in January and March 2024, and a special dividend of 2.7 sen per share (RM22.8 million) for 2024 paid on 30 December 2024. Repayments of term loans were RM1.6 million and lease liabilities were RM2.1 million.2024 年，Feytech 于 2024 年 5 月 21 日在马来西亚证券交易所主板上市，以每股 RM0.80 发行 143,324,800 股新普通股，筹得毛收益约 RM114.7 million（RM114,659,840），股份发行开支为 RM2.9 million。营运活动所得现金净额为 RM19.8 million。购买物业、厂房及设备的现金支出为 RM7.4 million。支付股息合共 RM43.0 million，包括 于 2024 年 1 月和 3 月派付的股息 RM10.0 million 和 RM10.2 million，以及于 2024 年 12 月 30 日派发的 2024 年度每股 2.7 仙特别股息（RM22.8 million）。偿还定期贷款 RM1.6 million 及租赁负债 RM2.1 million。
Source: annual report 2024, pages 22, 23, 36, 39, 79, 84, 92, 95, 96.出处：2024 年年报第 22、23、36、39、79、84、92、95、96 页。
20252025 年
In 2025, net cash from operating activities was RM36.1 million. Cash spent on purchase of property, plant and equipment was RM5.2 million. Group deposits included a non-refundable deposit of RM19,982,000 (2024: RM7,993,000) for a parcel of land under a sale and purchase agreement of 31 May 2024. Net cash used in financing activities was RM8.5 million, including repayments of lease liabilities of RM3.8 million, term loans of RM1.6 million, and interest paid of RM2.6 million. No dividends were declared or paid by the company during 2025; subsequent to the year end, an interim single-tier dividend of 0.6 sen per share (RM5,059,000) in respect of 2025 was declared on 21 January 2026 and paid on 13 February 2026.2025 年，营运活动所得现金净额为 RM36.1 million。购买物业、厂房及设备的现金支出为 RM5.2 million。集团定金中包括依据 2024 年 5 月 31 日买卖协议为一块土地支付的不可退还定金 RM19,982,000（2024 年：RM7,993,000）。融资活动所用现金净额为 RM8.5 million，包括偿还租赁负债 RM3.8 million、定期贷款 RM1.6 million 以及支付利息 RM2.6 million。公司在 2025 年内未宣派或支付股息；年结后，针对 2025 年度的每股 0.6 仙单轨中期股息（RM5,059,000）于 2026 年 1 月 21 日宣派，并于 2026 年 2 月 13 日派付。
Source: annual report 2025, pages 22, 35, 38, 98, 113, 114, 140.出处：2025 年年报第 22、35、38、98、113、114、140 页。
Across the years历年合看
Total borrowings stood at RM18.9 million in 2023, RM17.9 million in 2024 and RM16.5 million in 2025. The group held RM163.5 million in cash and short-term investments at the end of 2025. Total equity expanded from RM128.0 million in 2023 to RM244.2 million in 2024 and RM254.7 million in 2025. The board maintains a policy to distribute dividends of at least 40% of net profits attributable to owners.总借款在 2023 年为 RM18.9 million，2024 年为 RM17.9 million，2025 年为 RM16.5 million。截至 2025 年末，集团持有 RM163.5 million 现金及短期投资。总权益从 2023 年的 RM128.0 million 增至 2024 年的 RM244.2 million，并在 2025 年达到 RM254.7 million。董事会维持向所有者分派至少 40% 归属净利润的股息政策。
Source: annual report 2024, pages 39, 152; annual report 2025, pages 22, 24, 34, 174.出处：2024 年年报第 39、152 页；2025 年年报第 22、24、34、174 页。
Still to be spent尚未支出的承诺
Gross proceeds raised from the IPO were RM114.7 million, of which RM51.5 million remained unutilised in the 2025 report. The unutilised proceeds comprise RM21.1 million for construction of a new corporate office with manufacturing plant and warehouse (extended to within 60 months, by 21 May 2029), RM18.8 million for construction of Kulim Plant 2 (within 24 months), and RM11.6 million for acquisition of land (extended to within 42 months, by 21 November 2027). The RM3.0 million originally allocated for new machineries was reclassified to working capital and utilised. Capital expenditures contracted for purchase of property, plant and equipment were RM12.0 million at end 2024 and nil at end 2025.首次公开募股筹集的毛收益为 RM114.7 million，在 2025 年年报中仍有 RM51.5 million 未动用。未动用收益包括用于兴建新企业办公室、制造厂房及仓库的 RM21.1 million（期限延长至 60 个月内，即 2029 年 5 月 21 日前）、用于兴建居林二厂的 RM18.8 million（24 个月内），以及用于购置土地的 RM11.6 million（期限延长至 42 个月内，即 2027 年 11 月 21 日前）。原本分配用于购置新机械的 RM3.0 million 已重新分类至营运资金并已使用。购买物业、厂房及设备已签约的资本支出在 2024 年末为 RM12.0 million，2025 年末为零。
Source: annual report 2024, pages 79, 149; annual report 2025, pages 94, 171.出处：2024 年年报第 79、149 页；2025 年年报第 94、171 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 | 2023 | 2024 | 2025 |
|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 211,223 | 220,985 | 128,232 |
| Profit before tax税前利润 | 60,062 | 63,729 | 15,237 |
| Profit for the financial year年度利润 | 43,876 | 47,555 | 10,432 |
| Net cash from operating activities营运活动所得现金净额 | 52,418 | 19,821 | 36,075 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (18,547) | (7,375) | (5,225) |
| Dividends paid已付股息 | (15,482) | (42,990) | 0 |
| Total assets总资产 | 201,177 | 323,660 | 336,166 |
| Loans and borrowings贷款及借款 | 18,895 | 17,902 | 16,534 |
| Total liabilities总负债 | 73,221 | 79,480 | 81,513 |
| Total equity总权益 | 127,956 | 244,180 | 254,653 |
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 land (RM11.6 million within 18 months) and construction of a new corporate office with manufacturing plant and warehouse (RM21.1 million within 36 months) from IPO proceeds (2024 report)利用首次公开募股收益购置土地（18 个月内 RM11.6 million）及兴建新企业办公室、制造厂房及仓库（36 个月内 RM21.1 million）（2024 年年报） | The timeframe for utilising both amounts was extended by another 24 months, to within 42 months (by 21 November 2027) for land acquisition and within 60 months (by 21 May 2029) for construction, with both balances shown unutilised in the 2025 report.两项支出的使用期限均再延长 24 个月，购置土地延至 42 个月内（2027 年 11 月 21 日前），建筑工程延至 60 个月内（2029 年 5 月 21 日前），2025 年年报显示两笔款项均未动用。 Source: annual report 2024, page 79; annual report 2025, pages 24, 94.出处：2024 年年报第 79 页；2025 年年报第 24、94 页。 | Timeframe extended期限延长 |
| Purchase of new machineries of RM3.0 million within 12 months from IPO proceeds (2024 report)利用首次公开募股收益在 12 个月内购置 RM3.0 million 的新机械（2024 年年报） | The RM3.0 million was reclassified to working capital and fully utilised.该 RM3.0 million 已重新分类至营运资金并已全额使用。 Source: annual report 2024, page 79; annual report 2025, page 94.出处：2024 年年报第 79 页；2025 年年报第 94 页。 | Reclassified and utilised重新分类并已使用 |
| Set up a joint venture with Wuhu Ruitai Auto Parts Co., Ltd. through FTRT to engage in design, manufacturing and assembly of automotive seat components (2024 report)通过 FTRT 与芜湖瑞泰汽车零部件有限公司成立合资企业，从事汽车座椅零部件的设计、制造和组装（2024 年年报） | The group subscribed for 3,059,900 shares of FTRT on 19 February 2025 and launched the FTRT Subang Plant on 21 November 2025, adding annual seat capacity of approximately 36,000 sets.集团于 2025 年 2 月 19 日认购 FTRT 的 3,059,900 股股份，并于 2025 年 11 月 21 日启用 FTRT 梳邦工厂，增加每年约 36,000 套座椅产能。 Source: annual report 2024, pages 31, 41, 115, 154; annual report 2025, pages 24, 27, 29, 134.出处：2024 年年报第 31、41、115、154 页；2025 年年报第 24、27、29、134 页。 | Plant launched工厂已投产 |
| Acquisition of 425,145.6 sq. ft freehold industrial land in the Automotive High-Tech Valley in Tanjong Malim (2024 report)收购位于丹绒马林汽车高科技谷面积约 425,145.6 平方尺的永久地契工业用地（2024 年年报） | The group completed full payment for the acquisition using internally generated funds, with a deposit of RM19,982,000 paid and the title transfer pending at 31 December 2025.集团利用内部资金完成了收购的全额付款，已支付定金 RM19,982,000，截至 2025 年 12 月 31 日正在办理过户手续。 Source: annual report 2024, page 33; annual report 2025, pages 32, 140.出处：2024 年年报第 33 页；2025 年年报第 32、140 页。 | Payment completed, title pending已全额付款，等待过户 |
| Install rooftop solar photovoltaic systems at the new corporate office and Kulim Plant 2 when construction is ready (2024 report)在新建办公室和居林二厂厂房完工后为其安装屋顶太阳能光伏系统（2024 年年报） | The 2025 report shows IPO proceeds of RM21.1 million for the corporate office and RM18.8 million for Kulim Plant 2 unutilised; it gives no update on the solar systems.2025 年年报显示用于新办公室的 RM21.1 million 及居林二厂的 RM18.8 million 首次公开募股收益未动用；未提及太阳能系统进展。 Source: annual report 2024, page 47; annual report 2025, page 94.出处：2024 年年报第 47 页；2025 年年报第 94 页。 | Unclear不明 |
What the reports leave open年报留下待看的事
- Whether the unutilised IPO proceeds of RM51.5 million (including RM21.1 million for the corporate office and plant, RM18.8 million for Kulim Plant 2, and RM11.6 million for land acquisition) are deployed within their timelines, the latest by 21 May 2029 (Kulim Plant 2's was not extended).未动用的首次公开募股收益 RM51.5 million（包括办公室及厂房 RM21.1 million、居林二厂 RM18.8 million 及购置土地 RM11.6 million）能否在各自期限内（最迟 2029 年 5 月 21 日；居林二厂的期限未延长）投入使用。
Source: annual report 2025, page 94.出处：2025 年年报第 94 页。
- Completion of the land title transfer for the 425,145.6 sq. ft industrial land in Tanjong Malim, where a deposit of RM19,982,000 was paid and full payment completed.丹绒马林 425,145.6 平方尺工业用地的所有权过户完成情况，该项目已付定金 RM19,982,000 并已全额付款。
Source: annual report 2025, pages 32, 140.出处：2025 年年报第 32、140 页。
- Whether FTRT Autoparts Sdn Bhd becomes a 51% jointly controlled entity under the joint venture agreement with Wuhu Ruitai Auto Parts Co., Ltd.; it remained a wholly-owned subsidiary at 31 December 2025.FTRT Autoparts Sdn Bhd 能否依据与芜湖瑞泰汽车零部件有限公司的合资协议成为持股 51% 的共同控制实体；截至 2025 年 12 月 31 日其仍为全资子公司。
Source: annual report 2025, page 40.出处：2025 年年报第 40 页。
- Automotive market volumes and competitive pressure, with total industry volume projected by MAA to moderate to 790,000 units in 2026 from 820,752 units in 2025, alongside pricing competition from new foreign brands.汽车市场规模与竞争压力，马来西亚汽车商公会预测总行业销量将从 2025 年的 820,752 辆放缓至 2026 年的 790,000 辆，同时面临来自新外国品牌的价格竞争。
Source: annual report 2025, pages 24, 25, 38.出处：2025 年年报第 24、25、38 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。