DailySpaceBursa Malaysia companies, read from their annual reports从年报读懂大马上市公司

Pimpinan Ehsan Berhad

5622 · Main Market主板 · annual reports 2023 to 2025, 673 entries read2023 至 2025 年报,共读出 673 条

Profit before taxation, 20252025 年税前盈利RM0.42m42万令吉2024:2024 年: –RM3.44m–344万令吉
Profit after taxation, 20252025 年税后盈利RM0.31m31万令吉2024:2024 年: –RM3.68m–368万令吉
Total assets, 20252025 年总资产RM66.1m6.61千万令吉up 0.7% from比 2024 年增加 0.7%,当年为 RM65.6m6.56千万令吉 in 2024
Cash and bank balances, 20252025 年现金与银行结余RM61.4m6.14千万令吉up 0.6% from比 2024 年增加 0.6%,当年为 RM61.1m6.11千万令吉 in 2024

The company这家公司

Pimpinan Ehsan Berhad is classified as a Cash Company under Bursa Securities listing requirements, having completed the disposal of its principal subsidiary TRIplc Berhad on 31 May 2018 for RM210,000,000. The company is principally an investment holding company with no business and operations.在 2018 年 5 月 31 日以 RM210,000,000 完成脱售主要子公司 TRIplc Berhad 后,Pimpinan Ehsan Berhad 按照大马交易所上市规定被列为现金公司。公司主要作为投资控股公司,没有业务与营运。

Source: annual report 2023, pages 7, 38, 41.出处:2023 年年报第 7、38、41 页。

The company generated no revenue and is purely a shell company with no business and operations pending regularisation of its condition. Its activities are predominantly in Malaysia.在重组其状况之前,公司没有产生任何营业额,纯属一家没有业务与营运的空壳公司。其业务主要在马来西亚。

Source: annual report 2023, pages 7, 66; annual report 2024, page 7; annual report 2025, page 6.出处:2023 年年报第 7、66 页;2024 年年报第 7 页;2025 年年报第 6 页。

In 2024 Pitahaya (M) Sdn Bhd held 25,854,851 shares (37.402%) in a pledged securities account with Kenanga Nominees (Tempatan) Sdn Bhd. In 2023 Dato' Yew Soon Keong held 4,000,000 shares (5.786%); in 2025 AIMZ Sdn. Bhd. held 4,000,000 shares (5.786%).2024 年 Pitahaya (M) Sdn Bhd 通过在 Kenanga Nominees (Tempatan) Sdn Bhd 开立的质押证券账户持有 25,854,851 股(37.402%)。2023 年 Dato' Yew Soon Keong 持有 4,000,000 股(5.786%),2025 年 AIMZ Sdn. Bhd. 持有 4,000,000 股(5.786%)。

Source: annual report 2023, pages 42, 75; annual report 2024, page 74; annual report 2025, page 76.出处:2023 年年报第 42、75 页;2024 年年报第 74 页;2025 年年报第 76 页。

Dato' Yew Soon Keong is the father of Yew Jian Li. Yew Jian Li served as Alternate Director to Dato' Yew Soon Keong until resigning on 28 February 2025, and was appointed a Non-Independent Non-Executive Director on 1 October 2025 after Dato' Yew Soon Keong resigned on 28 August 2025.Dato' Yew Soon Keong 是 Yew Jian Li 的父亲。Yew Jian Li 担任 Dato' Yew Soon Keong 的候补董事直至 2025 年 2 月 28 日辞任,并在 Dato' Yew Soon Keong 于 2025 年 8 月 28 日辞职后于 2025 年 10 月 1 日获任非独立非执行董事。

Source: annual report 2023, page 12; annual report 2024, page 42; annual report 2025, page 25.出处:2023 年年报第 12 页;2024 年年报第 42 页;2025 年年报第 25 页。

Yasmin Binti Rasyid resigned on 1 October 2023 and Jas Bir Kaur A/P Lol Singh was appointed on the same date. Low Siew Hui retired on 14 June 2024, and Teh Su-Ching was appointed as an Independent Non-Executive Director on 31 December 2024.Yasmin Binti Rasyid 于 2023 年 10 月 1 日辞任,同日 Jas Bir Kaur A/P Lol Singh 获任。Low Siew Hui 于 2024 年 6 月 14 日退任,Teh Su-Ching 于 2024 年 12 月 31 日获任独立非执行董事。

Source: annual report 2023, page 29; annual report 2024, page 23.出处:2023 年年报第 29 页;2024 年年报第 23 页。

Major events大事记

2018Completed disposal of principal subsidiary TRIplc Berhad for RM210,000,000 and deposited RM64.80 million with a custodian.完成以 RM210,000,000 脱售主要子公司 TRIplc Berhad,并将 RM64.80 million 存入托管账户。

Source: annual report 2023, pages 7, 38.出处:2023 年年报第 7、38 页。

2021Entered into Heads of Agreement for the proposed acquisition of five reNIKOLA companies, and a conditional share sale agreement to acquire reNIKOLA Holdings Sdn. Bhd.签署协议框架(Heads of Agreement),拟收购五家 reNIKOLA 公司的全部股权,并签署有条件股份买卖协议,以收购 reNIKOLA Holdings Sdn. Bhd. 的全部股权。

Source: annual report 2023, page 54.出处:2023 年年报第 54 页。

2023Signed third supplemental agreement to add Idiwan Solar for RM13.9 million, and completed a settlement, after which the plaintiffs withdrew their claim.签署第三份补充协议,以 RM13.9 million 纳入 Idiwan Solar,并完成和解,原告其后撤回诉讼。

Source: annual report 2023, pages 7, 73.出处:2023 年年报第 7、73 页。

2024Teh Su-Ching appointed as Independent Director following the retirement of Low Siew Hui, and a prepayment of RM4,128,680 was written off.在 Low Siew Hui 退任后委任 Teh Su-Ching 为独立董事,并注销 RM4,128,680 的预付款。

Source: annual report 2024, pages 23, 53.出处:2024 年年报第 23、53 页。

2025Yew Jian Li appointed as Non-Independent Director following the resignation of Dato' Yew Soon Keong, and received a writ of summons over a dispute concerning RM10.59 million in option fees.在 Dato' Yew Soon Keong 辞任后委任 Yew Jian Li 为非独立董事,并接获涉及 RM10.59 million 期权费争议的传票。

Source: annual report 2025, pages 25, 75.出处:2025 年年报第 25、75 页。

2026reNIKOLA notified on 27 April 2026 that it decided not to proceed with the regularisation plan, and the company proposed voluntary delisting and a pro-rata cash distribution.reNIKOLA 于 2026 年 4 月 27 日通知决定不再推进重组计划,公司随之提议自愿退市及按比例进行现金分派。

Source: annual report 2025, page 5.出处:2025 年年报第 5 页。

Profit and operating cash flow盈利与营运现金流

Profit before taxation税前盈利
2022
RM0.15m15万令吉
2023
RM0.78m78万令吉
2024
–RM3.44m–344万令吉
2025
RM0.42m42万令吉
Profit after taxation税后盈利
2022
RM0.05m5万令吉
2023
RM0.50m50万令吉
2024
–RM3.68m–368万令吉
2025
RM0.31m31万令吉
Net cash used in operating activities营运活动所用现金净额
2022
–RM1.06m–106万令吉
2023
–RM3.67m–367万令吉
2024
–RM2.55m–255万令吉
2025
–RM1.98m–198万令吉

Total assets, equity and cash总资产、总权益与现金

Total assets总资产
2022
RM71.1m7.11千万令吉
2023
RM70.1m7.01千万令吉
2024
RM65.6m6.56千万令吉
2025
RM66.1m6.61千万令吉
Total equity总权益
2022
RM68.0m6.80千万令吉
2023
RM68.5m6.85千万令吉
2024
RM64.8m6.48千万令吉
2025
RM65.1m6.51千万令吉
Cash and bank balances现金与银行结余
2022
RM62.9m6.29千万令吉
2023
RM61.2m6.12千万令吉
2024
RM61.1m6.11千万令吉
2025
RM61.4m6.14千万令吉

20232023 年

Profit before taxation was RM778,667 and profit after taxation was RM495,909, with interest income of RM2,410,819. Net cash used in operating activities was RM3,667,532. Net cash from investing activities was RM64,396,435, including RM62,000,000 of deposit withdrawals with maturity more than 3 months and RM2,410,819 of interest received. No dividend was recommended.税前盈利为 RM778,667,税后盈利为 RM495,909,利息收入为 RM2,410,819。营运活动所用现金净额为 RM3,667,532。投资活动所得现金净额为 RM64,396,435,包括提取期限超过 3 个月的定期存款 RM62,000,000 以及收取的利息 RM2,410,819。董事未建议派发股息。

Source: annual report 2023, pages 41, 53.出处:2023 年年报第 41、53 页。

20242024 年

The company recorded a loss before tax of RM3,443,648 and a loss after taxation of RM3,676,959, mainly due to the write-off of proposed acquisition expenses; prepayment written off was RM4,128,680. Net cash used in operating activities was RM2,550,824. Net cash from investing activities was RM2,379,636 with interest received of RM2,385,378, while purchase of equipment was RM5,742. No dividend was recommended.公司录得税前亏损 RM3,443,648 及税后亏损 RM3,676,959,主要是注销拟议收购开支所致;注销的预付款为 RM4,128,680。营运活动所用现金净额为 RM2,550,824。投资活动所得现金净额为 RM2,379,636,利息收入为 RM2,385,378,而设备购置支出为 RM5,742。董事未建议派发股息。

Source: annual report 2024, pages 7, 42, 53.出处:2024 年年报第 7、42、53 页。

20252025 年

Profit before tax was RM424,498 and profit after taxation was RM306,204, with interest income of RM2,328,922. Net cash used in operating activities was RM1,979,036. Net cash from investing activities was RM2,328,922 from interest received. The company received advances from a shareholder of RM380,000. No dividend was recommended.税前盈利为 RM424,498,税后盈利为 RM306,204,利息收入为 RM2,328,922。营运活动所用现金净额为 RM1,979,036。投资活动所得现金净额为 RM2,328,922,来自收到的利息。公司收到股东垫款 RM380,000。董事未建议派发股息。

Source: annual report 2025, pages 6, 46, 57, 68.出处:2025 年年报第 6、46、57、68 页。

Across the three years三年合看

At least 90% of proceeds received from the disposal had to be placed in an account operated by a custodian. On 12 June 2018, RM64.80 million was placed with a custodian; cash held by the custodian stood at RM65.52 million in 2023, RM64.94 million in 2024 and RM65.68 million in 2025. Bursa Securities permitted withdrawals from the custodian account for operational expenses, including RM1,800,000 in February 2023, RM2.0 million in January 2024 and RM1.9 million in January 2026. Total debt remained nil.出售所得款项中至少 90% 必须存入由托管人操作的账户。2018 年 6 月 12 日,RM64.80 million 存入托管账户;托管人持有的现金在 2023 年为 RM65.52 million,2024 年为 RM64.94 million,2025 年为 RM65.68 million。大马交易所准许从托管账户提取营运开支,包括 2023 年 2 月提取 RM1,800,000,2024 年 1 月提取 RM2.0 million,以及 2026 年 1 月提取 RM1.9 million。总负债保持为零。

Source: annual report 2023, pages 7, 38, 72; annual report 2024, page 7; annual report 2025, pages 6, 41, 44.出处:2023 年年报第 7、38、72 页;2024 年年报第 7 页;2025 年年报第 6、41、44 页。

Still to be spent尚未支出的承诺

Of the RM210.00 million disposal proceeds, RM134.79 million was used for special dividend and RM7.17 million for working capital. At 31 December 2025, RM65.14 million remained allocated to acquire or develop new businesses or assets, RM0.32 million for expenses incidental to the disposal, and RM0.22 million for working capital requirements in the custodian account, with total remaining proceeds of RM65.68 million.在 RM210.00 million 的脱售收益中,RM134.79 million 已用于特别股息,RM7.17 million 用于营运资金。截至 2025 年 12 月 31 日,RM65.14 million 仍分配用于收购或发展新业务或资产,RM0.32 million 用于脱售附带开支,RM0.22 million 用于托管账户中的营运资金需求,剩余收益总额为 RM65.68 million。

Source: annual report 2025, page 41.出处:2025 年年报第 41 页。

Four years of figures四年数字

Group figures, in RM, as printed in the statements.集团数字,单位令吉,照财务报表所印。

Group集团2022202320242025
RM令吉RM令吉RM令吉RM令吉
Profit before taxation税前盈利147,586778,667(3,443,648)424,498
Profit after taxation税后盈利45,586495,909(3,676,959)306,204
Net cash used in operating activities营运活动所用现金净额(1,064,768)(3,667,532)(2,550,824)(1,979,036)
Net cash from investing activities投资活动所得现金净额5,638,56064,396,4352,379,6362,328,922
Total assets总资产71,091,99170,083,05365,591,12566,061,718
Total equity总权益68,001,00868,496,91764,819,95865,126,162
Cash and bank balances现金与银行结余62,903,96461,179,62761,095,84561,445,731

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
Submitting a regularisation plan before 30 September 2024 to regularise condition as a Cash Company于 2024 年 9 月 30 日前提交重组计划以解决现金公司状况Bursa Securities extended the submission deadline to 30 September 2025 and then to 30 June 2026; on 27 April 2026 reNIKOLA decided not to proceed.大马交易所将提交截止日期展延至 2025 年 9 月 30 日,其后再展延至 2026 年 6 月 30 日;2026 年 4 月 27 日 reNIKOLA 决定不再推进。

Source: annual report 2023, pages 7, 8; annual report 2024, pages 7, 8; annual report 2025, pages 5, 6.出处:2023 年年报第 7、8 页;2024 年年报第 7、8 页;2025 年年报第 5、6 页。

Plan discontinued计划已终止
Acquiring five solar power plants with aggregate capacity of 178 MWdc under the regularisation plan and, beyond its scope, a 51% interest in a planned solar plant in Bukit Kayu Hitam在重组计划下收购总容量 178 MWdc 的五座太阳能电厂,并在重组计划范围以外收购黑木山一座规划中太阳能电厂的 51% 权益On 27 April 2026, reNIKOLA notified that it decided not to proceed with the proposed regularisation plan, and the company proposed voluntary delisting.2026 年 4 月 27 日,reNIKOLA 通知决定不再推进拟议重组计划,公司随之提议自愿退市。

Source: annual report 2023, page 6; annual report 2025, pages 5, 6.出处:2023 年年报第 6 页;2025 年年报第 5、6 页。

Terminated已终止
Considering appointing more Independent Non-Executive Directors after the completion of the regularisation plan重组计划完成后考虑委任更多独立非执行董事The company maintained three Independent Non-Executive Directors, and the regularisation plan was discontinued without completion.公司维持三名独立非执行董事,重组计划未完成即终止。

Source: annual report 2023, page 26; annual report 2025, pages 5, 29.出处:2023 年年报第 26 页;2025 年年报第 5、29 页。

Not completed未完成
Withdrawing RM2.0 million from custodian account allowed by Bursa Securities on 19 January 2024大马交易所于 2024 年 1 月 19 日批准从托管账户提取 RM2.0 millionCumulative withdrawals from the custodian account for operational expenses increased from RM10.13 million to RM13.28 million by 31 December 2024.截至 2024 年 12 月 31 日,从托管账户提取用于营运开支的累计金额由 RM10.13 million 增至 RM13.28 million。

Source: annual report 2023, page 38; annual report 2024, page 39.出处:2023 年年报第 38 页;2024 年年报第 39 页。

Carried out已执行
Submitting regularisation plan before extended deadline of 30 September 2025在展延至 2025 年 9 月 30 日的截止日期前提交重组计划Bursa Securities initially rejected a further extension on 16 October 2025 but granted extension to 30 June 2026 following appeal, before reNIKOLA withdrew on 27 April 2026.大马交易所于 2025 年 10 月 16 日初步拒绝进一步展期,但在上诉后批准展延至 2026 年 6 月 30 日,随后 reNIKOLA 于 2026 年 4 月 27 日撤回。

Source: annual report 2024, pages 7, 8; annual report 2025, pages 5, 6, 73.出处:2024 年年报第 7、8 页;2025 年年报第 5、6、73 页。

Extended then terminated获展期后终止

What the reports leave open年报留下待看的事

  • The proposed pro-rata cash distribution by way of share capital reduction and repayment, expected to be tabled for shareholders' approval by the end of June 2026.拟议按比例通过削减股本与资本返还进行的现金分派,预计于 2026 年 6 月底前提呈股东批准。

    Source: annual report 2025, page 5.出处:2025 年年报第 5 页。

  • The proposed voluntary delisting from the Main Market of Bursa Securities targeted for September 2026, and voluntary winding-up targeted for September 2027.目标于 2026 年 9 月自愿退出大马交易所主板,以及目标于 2027 年 9 月进行自愿清盘。

    Source: annual report 2025, pages 5, 7, 74.出处:2025 年年报第 5、7、74 页。

  • Dispute over RM10.59 million in option fees under Call Option Agreements for a 51% stake in the company, where the company applied to strike out the suit on 17 April 2026 with case management scheduled for 11 May 2026.涉及收购公司 51% 股权的认购期权协议项下 RM10.59 million 期权费争议,公司已于 2026 年 4 月 17 日申请撤销诉讼,案件管理定于 2026 年 5 月 11 日。

    Source: annual report 2025, page 75.出处:2025 年年报第 75 页。

  • Utilisation of the remaining cash balance held by the custodian of RM65.68 million as at 31 December 2025, after approval to withdraw RM1,930,000 on 21 January 2026.截至 2025 年 12 月 31 日托管人持有的 RM65.68 million 剩余现金结余的使用情况,此前已于 2026 年 1 月 21 日获准提取 RM1,930,000。

    Source: annual report 2025, pages 6, 41, 75.出处:2025 年年报第 6、41、75 页。

Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-11-11.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 2026-11-11。