DailySpace99 Speed Mart Retail Holdings Berhad
5326 · Main Market主板 · annual reports 2024 to 2025, 1263 entries read2024 至 2025 年报，共读出 1263 条
The company这家公司
99 Speed Mart Retail Holdings Berhad operates mini-markets selling consumable merchandise and household products. The 2025 report records 3,037 outlets nationwide and five pilot mini-markets in Fuzhou, China. Its online platform, 99 Bulksales, serves bulk purchases and business customers.99 Speed Mart Retail Holdings Berhad 经营销售日用消费品和家居用品的迷你市场。2025 年报列出全国共有 3,037 家门店，并在中国 Fuzhou 开设了五家试点迷你市场。其线上平台 99 Bulksales 为大宗采购和企业客户提供服务。
Source: annual report 2025, pages 10, 11, 43, 216.出处：2025 年年报第 10、11、43、216 页。
In 2025, sales of goods brought RM11,429.1 million of revenue and Speedpoint Services commissions brought RM4.1 million. The group operates predominantly in Malaysia. Foreign subsidiaries accounted for less than 10% of revenue and non-current assets. No single customer contributed 10% or more of revenue.2025 年，商品销售带来 RM11,429.1 million 营业额，Speedpoint Services 佣金带来 RM4.1 million。集团主要在马来西亚经营。海外子公司占营业额及非流动资产的比例均低于 10%。没有单一客户贡献达到或超过营业额的 10%。
Source: annual report 2025, pages 209, 216.出处：2025 年年报第 209、216 页。
The 2025 shareholding analysis lists Lee LYG Holdings Sdn Bhd with 4,325,999,092 shares, or 51.500%, and Lee Thiam Wah with 2,367,120,977 shares, or 28.180%. Lee Thiam Wah is also deemed interested in the holding company's shares through his interest in it. Employees Provident Fund Board holds 478,878,200 shares, or 5.701%.2025 年股权分析列出，Lee LYG Holdings Sdn Bhd 持有 4,325,999,092 股，占 51.500%；Lee Thiam Wah 持有 2,367,120,977 股，占 28.180%。Lee Thiam Wah 也因持有该控股公司的权益而被视为拥有其所持股份的权益。Employees Provident Fund Board 持有 478,878,200 股，占 5.701%。
Source: annual report 2025, page 232.出处：2025 年年报第 232 页。
The 2024 largest-shareholder list records three pledged securities accounts under CIMSEC NOMINEES (TEMPATAN) SDN BHD: PLEDGED SECURITIES ACCOUNT FOR LEE LYG HOLDINGS SDN BHD (PB), with 4,325,999,092 shares or 51.500%; PLEDGED SECURITIES ACCOUNT FOR LEE THIAM WAH (PB), with 2,367,120,977 shares or 28.180%; and PLEDGED SECURITIES ACCOUNT FOR NG LEE TIENG (PB), with 278,879,931 shares or 3.320%.2024 年最大股东名单在 CIMSEC NOMINEES (TEMPATAN) SDN BHD 名下列出三个质押证券账户：PLEDGED SECURITIES ACCOUNT FOR LEE LYG HOLDINGS SDN BHD (PB)，持有 4,325,999,092 股，占 51.500%；PLEDGED SECURITIES ACCOUNT FOR LEE THIAM WAH (PB)，持有 2,367,120,977 股，占 28.180%；以及 PLEDGED SECURITIES ACCOUNT FOR NG LEE TIENG (PB)，持有 278,879,931 股，占 3.320%。
Source: annual report 2024, page 194.出处：2024 年年报第 194 页。
Lee Thiam Wah was appointed Executive Director and Chief Executive Officer on 15 May 2023. He is the spouse of Ng Lee Tieng, father of Lee Yan Zhong, brother of Lee Lay Liang and cousin of Leong Sau Chan. Ng Lee Tieng was appointed Non-Independent Non-Executive Director on 6 June 2023, and Lee Lay Liang became Executive Director on 28 November 2023. Lee Yan Zhong was appointed Alternate Director to Lee Thiam Wah on 28 November 2023.Lee Thiam Wah 于 2023 年 5 月 15 日获委任为执行董事兼首席执行员。他是 Ng Lee Tieng 的配偶、Lee Yan Zhong 的父亲、Lee Lay Liang 的兄长，也是 Leong Sau Chan 的堂表亲。Ng Lee Tieng 于 2023 年 6 月 6 日获委任为非独立非执行董事，Lee Lay Liang 于 2023 年 11 月 28 日获委任为执行董事。Lee Yan Zhong 于 2023 年 11 月 28 日获委任为 Lee Thiam Wah 的候补董事。
Source: annual report 2024, pages 9, 10, 11, 17.出处：2024 年年报第 9、10、11、17 页。
Dato’ Chua Tia Guan was appointed Non-Independent Non-Executive Chairman on 28 November 2023. Ho Tat Heng became Senior Independent Non-Executive Director on 8 January 2024. Lian Teng Hai was appointed on 8 January 2024 and resigned on 14 February 2024. Ting Seng Hook @ Ting Seng Hee was appointed Independent Non-Executive Director on 14 March 2024.Dato’ Chua Tia Guan 于 2023 年 11 月 28 日获委任为非独立非执行主席。Ho Tat Heng 于 2024 年 1 月 8 日获委任为高级独立非执行董事。Lian Teng Hai 于 2024 年 1 月 8 日获委任，并于 2024 年 2 月 14 日辞职。Ting Seng Hook @ Ting Seng Hee 于 2024 年 3 月 14 日获委任为独立非执行董事。
Source: annual report 2024, pages 8, 12, 16, 138.出处：2024 年年报第 8、12、16、138 页。
Revenue by source, 20252025 年营业额来源
Source: annual report 2025, page 209.出处：2025 年年报第 209 页。
Major events大事记
Source: annual report 2024, page 32.出处：2024 年年报第 32 页。
Source: annual report 2024, page 137.出处：2024 年年报第 137 页。
Source: annual report 2024, page 32.出处：2024 年年报第 32 页。
Source: annual report 2024, pages 4, 137.出处：2024 年年报第 4、137 页。
Source: annual report 2024, page 188.出处：2024 年年报第 188 页。
Source: annual report 2024, page 49; annual report 2025, page 23.出处：2024 年年报第 49 页；2025 年年报第 23 页。
Source: annual report 2025, page 174.出处：2025 年年报第 174 页。
Source: annual report 2025, page 21.出处：2025 年年报第 21 页。
Source: annual report 2025, page 10.出处：2025 年年报第 10 页。
Source: annual report 2025, page 174.出处：2025 年年报第 174 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Assets and lease liabilities资产与租赁负债
20242024 年
Operations generated RM488.5 million. Cash purchases of property and equipment were RM170.7 million, and dividends paid were RM200.0 million. The public issue brought RM660.0 million, with RM12.8 million paid in share issuance expenses. The group repaid RM48.5 million of term loans and RM160.6 million of lease liabilities. It also placed RM200.0 million in fixed deposits with tenure exceeding three months.营运活动带来 RM488.5 million 现金。购置产业与设备的现金支出为 RM170.7 million，已付股息为 RM200.0 million。公开发行股票筹得 RM660.0 million，支付股票发行费用 RM12.8 million。集团偿还定期贷款 RM48.5 million，以及租赁负债 RM160.6 million。另外，集团存入 RM200.0 million、存期超过三个月的定期存款。
Source: annual report 2024, page 153.出处：2024 年年报第 153 页。
20252025 年
Operations generated RM903.3 million. Cash purchases of property, plant and equipment were RM173.3 million, dividends paid were RM378.0 million, and lease repayments were RM179.8 million. The remaining RM3.4 million of term loans was repaid. The group purchased RM477.0 million of short-term investments and withdrew RM200.0 million of fixed deposits. Cash and bank balances ended at RM141.9 million. Borrowings were RM90.7 million, comprising the corporate card solutions facility.营运活动带来 RM903.3 million 现金。购置产业、厂房与设备的现金支出为 RM173.3 million，已付股息为 RM378.0 million，偿还租赁负债 RM179.8 million。余下 RM3.4 million 定期贷款已偿还。集团购买 RM477.0 million 短期投资，并提取 RM200.0 million 定期存款。年末现金与银行结余为 RM141.9 million。借款为 RM90.7 million，全部属于企业卡解决方案融资。
Source: annual report 2025, pages 188, 205.出处：2025 年年报第 188、205 页。
Across the years两年合看
Operating cash exceeded cash purchases of property, plant and equipment in both report years. Dividends and lease repayments were cash uses in both years. The 2025 report restates earlier comparatives for adjustments to inventory-related cost of sales. The table retains the figures printed in the 2024 report for its year and its comparative year.两个报告年度的营运现金均高于购置产业、厂房与设备的现金支出。两个年度都有股息及租赁负债偿还的现金支出。2025 年报因存货相关销售成本调整而重列了较早年度的比较数字。表格对 2024 年及其比较年度保留 2024 年报所印的数字。
Source: annual report 2024, page 153; annual report 2025, pages 188, 224.出处：2024 年年报第 153 页；2025 年年报第 188、224 页。
Still to be spent尚待支出
The 2025 report lists capital commitments of RM33.4 million for property, plant and equipment and RM12.0 million for property construction. Unused IPO proceeds totalled RM324.2 million: RM193.9 million for outlet expansion, RM70.2 million for new distribution centres, RM36.9 million for delivery trucks and RM23.2 million for outlet upgrades. These allocations have a utilisation timeframe of 36 months from listing.2025 年报列出产业、厂房与设备资本承诺 RM33.4 million，以及产业建设资本承诺 RM12.0 million。未使用的首次公开募股资金合计 RM324.2 million：门店扩展 RM193.9 million、新配送中心 RM70.2 million、送货车辆 RM36.9 million，以及门店升级 RM23.2 million。这些用途的使用期限为上市起计 36 个月。
Source: annual report 2025, pages 148, 217.出处：2025 年年报第 148、217 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 | 9,214,110 | 9,981,642 | 11,433,224 |
| Profit before taxation税前盈利 | 538,212 | 658,591 | 803,360 |
| Profit after taxation税后盈利 | 400,227 | 490,265 | 607,285 |
| Net cash from operating activities营运活动所得现金净额 | 741,808 | 488,528 | 903,275 |
| Purchase of property, plant and equipment购置产业、厂房与设备 | (160,209) | (170,733) | (173,289) |
| Dividends paid已付股息 | (390,500) | (200,000) | (378,000) |
| Total assets总资产 | 2,666,325 | 3,561,150 | 4,147,256 |
| Term loans定期贷款 | 51,935 | 3,429 | 0 |
| Lease liabilities租赁负债 | 788,029 | 884,465 | 973,993 |
| Cash and bank balances现金与银行结余 | 137,571 | 219,094 | 141,866 |
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 |
|---|---|---|
| The 2024 report targeted 3,000 outlets nationwide by the end of 2025, with planned annual expansion of 250 outlets.2024 年报的目标是于 2025 年底前在全国达到 3,000 家门店，并计划每年增加 250 家。 | The 2025 report says the network reached 3,000 outlets nationwide in November 2025 and records 3,037 nationwide at year end.2025 年报表示，全国门店于 2025 年 11 月达到 3,000 家，年末全国门店为 3,037 家。 Source: annual report 2024, page 75; annual report 2025, pages 11, 21.出处：2024 年年报第 75 页；2025 年年报第 11、21 页。 | Nationwide target reached已达到全国门店目标 |
| The Cyberjaya distribution centre was scheduled to begin operating by the second quarter of 2025.Cyberjaya 配送中心原定于 2025 年第二季度前开始营运。 | The 2025 report records the opening of the Cyberjaya distribution centre, but does not give its opening date.2025 年报记录了 Cyberjaya 配送中心开业，但没有给出开业日期。 Source: annual report 2024, page 49; annual report 2025, page 23.出处：2024 年年报第 49 页；2025 年年报第 23 页。 | Opened; timing not stated已开业；未说明时间 |
| The 2024 report planned capital expenditure of approximately RM170 million to RM190 million annually from 2025 to 2027.2024 年报计划在 2025 至 2027 年每年投入约 RM170 million 至 RM190 million 资本支出。 | In 2025, property, plant and equipment acquired cost RM178.0 million. Cash purchases were RM173.3 million. The plan also covers later years.2025 年购入的产业、厂房与设备成本为 RM178.0 million，现金购置支出为 RM173.3 million。该计划也涵盖后续年度。 Source: annual report 2024, page 48; annual report 2025, page 213.出处：2024 年年报第 48 页；2025 年年报第 213 页。 | 2025 spending within the stated range2025 年支出处于所述范围内 |
| The 2024 report planned to expand solar panel installations across more outlets by 2025.2024 年报计划在 2025 年前后为更多门店安装太阳能板。 | The 2025 report records progress in expanding solar PV systems and installed capacity of approximately 9.486 MWp.2025 年报记录了扩大太阳能光伏系统的进展，装机容量约为 9.486 MWp。 Source: annual report 2024, page 33; annual report 2025, pages 33, 93.出处：2024 年年报第 33 页；2025 年年报第 33、93 页。 | Expansion reported已报告扩展进展 |
| The 2024 report planned to extend 99 Bulksales to the east coast and ultimately across Peninsular Malaysia.2024 年报计划将 99 Bulksales 扩展至东海岸，并最终覆盖整个马来西亚半岛。 | The 2025 report says 99 Bulksales continued serving bulk purchases and business customers. It does not confirm completion of the stated geographical expansion.2025 年报表示，99 Bulksales 继续服务大宗采购和企业客户，但没有确认所述地域扩展已完成。 Source: annual report 2024, page 32; annual report 2025, page 43.出处：2024 年年报第 32 页；2025 年年报第 43 页。 | Geographical completion not confirmed未确认地域扩展已完成 |
What the reports leave open年报留下待看的事
- Three property acquisitions signed during 2025 remained pending at the report date: leasehold land with a warehouse for RM14.5 million, leasehold land for RM9.0 million, and leasehold land with a two-storey warehouse for RM3.5 million.2025 年签署的三项产业收购在报告日期仍待完成：附有仓库的租赁土地 RM14.5 million、租赁土地 RM9.0 million，以及附有双层仓库的租赁土地 RM3.5 million。
Source: annual report 2025, page 174.出处：2025 年年报第 174 页。
- Applications for the remaining operational licences and Certificates of Completion and Compliance were still being pursued in the 2025 report.2025 年报表示，余下的营业执照及竣工与合规证书申请仍在办理。
Source: annual report 2025, page 150.出处：2025 年年报第 150 页。
- The group plans about 250 outlet openings in 2026 and has a longer-term target of 4,250 outlets by 2030, subject to market conditions, operational capacity and ongoing performance assessments.集团计划于 2026 年开设约 250 家门店，并以 2030 年达到 4,250 家门店为较长期目标，取决于市场情况、营运能力及持续的表现评估。
Source: annual report 2025, pages 31, 82.出处：2025 年年报第 31、82 页。
- Refining the operating model in China remains a stated priority following the opening of the Fuzhou pilot outlets.Fuzhou 试点门店开业后，完善中国营运模式仍是集团列明的重点。
Source: annual report 2025, pages 10, 34.出处：2025 年年报第 10、34 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-11-01.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 2026-11-01。