DailySpaceSee Hup Consolidated Berhad
7053 · Main Market主板（Main Market） · annual reports 2024 to 2026, 1334 entries read2024 至 2026 年报，共读出 1334 条
The company这家公司
See Hup Consolidated Berhad is an investment holding company whose subsidiaries provide transportation and logistics services, trading, machinery hire and subcontract work, and property and investment holding.See Hup Consolidated Berhad 是一家投资控股公司，其子公司提供运输与物流服务、贸易、机械租赁及分包工程，以及产业与投资控股。
Source: annual report 2024, page 13.出处：2024 年年报第 13 页。
The group holds a Grade G7 license with the Construction Industry Development Board (CIDB) and operates principally within Malaysia.集团持有马来西亚建筑工业发展局（CIDB）的 G7 级牌照，业务主要在马来西亚境内营运。
Source: annual report 2024, pages 10, 129.出处：2024 年年报第 10、129 页。
Transportation and logistics services are the primary contributor to revenue, accounting for 83% in FY2024 and 97% in FY2025, while trading, machinery hire and subcontract work fell from 16% to 2% following major project completion. The group did not have any single customer contributing 10% or more of total revenue.运输与物流服务是营业额的主要来源，在 2024 财年占 83%，在 2025 财年占 97%；而贸易、机械租赁及分包工程随着重大项目完工，占比由 16% 降至 2%。集团没有任何单一客户贡献总营业额的 10% 或以上。
Source: annual report 2024, pages 13, 129; annual report 2025, pages 11, 136; annual report 2026, page 145.出处：2024 年年报第 13、129 页；2025 年年报第 11、136 页；2026 年年报第 145 页。
As at 3 July 2026, the five largest shareholders held 53.23% of issued shares: LHG Holdings Sdn. Bhd. held 16.0340%, Progerex Sdn. Bhd. held 15.0364%, Hean Brothers Holdings Sdn. Bhd. held 10.0830%, Ooi Chieng Sim held 6.9141%, and Lee Chor Min held 5.1581%. Shares held under pledged securities accounts included 320,000 shares (0.4026%) for Lee Hean Huat and 470,000 shares (0.5913%) for Surinder Singh A/L Wassan Singh.截至 2026 年 7 月 3 日，前五大股东合共持有已发行股份的 53.23%：LHG Holdings Sdn. Bhd. 持有 16.0340%，Progerex Sdn. Bhd. 持有 15.0364%，Hean Brothers Holdings Sdn. Bhd. 持有 10.0830%，Ooi Chieng Sim 持有 6.9141%，Lee Chor Min 持有 5.1581%。抵押证券账户名下的股份包括 Lee Hean Huat 的 320,000 股（0.4026%）以及 Surinder Singh A/L Wassan Singh 的 470,000 股（0.5913%）。
Source: annual report 2026, pages 5, 162, 163.出处：2026 年年报第 5、162、163 页。
Lee Chor Min is the son of Dato’ Lee Hean Guan, brother of Lee Seok Peng, and nephew of Lee Hean Huat, Lee Hean Beng, Lee Hean Teik and Lee Hean Seng. Lee Hean Teik passed away on 5 July 2026.Lee Chor Min 是 Dato’ Lee Hean Guan 之子、Lee Seok Peng 之弟，也是 Lee Hean Huat、Lee Hean Beng、Lee Hean Teik 和 Lee Hean Seng 的侄子。Lee Hean Teik 于 2026 年 7 月 5 日逝世。
Source: annual report 2024, page 6; annual report 2026, pages 6, 91.出处：2024 年年报第 6 页；2026 年年报第 6、91 页。
Several changes took place on the Board between 2023 and 2025. Lee Hean Huat retired and Lai Yew Chong was appointed on 19 September 2023. Ng Shiek Nee retired and Lim Siew Wee was appointed on 11 September 2024. Soon Gim Wooi was redesignated as Chairman on 28 February 2025, and Lee Phay Chian was redesignated from Independent Director to Non-Independent Non-Executive Director on the same date.2023 年至 2025 年间董事会发生数项变动。Lee Hean Huat 于 2023 年 9 月 19 日退休，Lai Yew Chong 于同日获委任。Ng Shiek Nee 于 2024 年 9 月 11 日退休，Lim Siew Wee 于同日获委任。Soon Gim Wooi 于 2025 年 2 月 28 日调任为主席，Lee Phay Chian 于同日由独立董事调任为非独立非执行董事。
Source: annual report 2024, page 69; annual report 2025, pages 3, 60, 77.出处：2024 年年报第 69 页；2025 年年报第 3、60、77 页。
Revenue by segment, FY2025 (%)2025 财年分部营业额占比（%）
Source: annual report 2025, page 11.出处：2025 年年报第 11 页。
Major events大事记
Source: annual report 2024, page 26; annual report 2025, page 29; annual report 2026, page 37.出处：2024 年年报第 26 页；2025 年年报第 29 页；2026 年年报第 37 页。
Source: annual report 2024, page 69.出处：2024 年年报第 69 页。
Source: annual report 2024, page 15; annual report 2025, page 14.出处：2024 年年报第 15 页；2025 年年报第 14 页。
Source: annual report 2025, pages 60, 77.出处：2025 年年报第 60、77 页。
Source: annual report 2025, pages 3, 60.出处：2025 年年报第 3、60 页。
Source: annual report 2026, page 125.出处：2026 年年报第 125 页。
Source: annual report 2026, page 91.出处：2026 年年报第 91 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Cash and equity现金与权益
20242024 年
In FY2024, revenue was RM126.27 million and cash generated from operations was RM8.35 million. Investing activities brought positive cash of RM1.75 million, including RM1.05 million from disposal of other investments and RM838,845 from disposal of property, plant and equipment, while RM1,776,070 was spent on acquiring property, plant and equipment. Financing cash outflows of RM14,448,519 included repayments of short-term borrowings of RM4.19 million, term loan repayments of RM1,133,431, lease payments of RM5,921,231, interest paid of RM1,505,611, and dividend payments of RM2.15 million. Comprehensive loss for the year was RM3.30 million.2024 财年，营业额为 RM126.27 million，营运活动产生现金 RM8.35 million。投资活动带来正现金流 RM1.75 million，其中包括脱售其他投资所得 RM1.05 million 以及脱售物业、厂房及设备所得 RM838,845，而购置物业、厂房及设备支出 RM1,776,070。融资活动现金流出 RM14,448,519，包括偿还短期借款 RM4.19 million、偿还定期贷款 RM1,133,431、支付租赁负债 RM5,921,231、支付利息 RM1,505,611 以及派发股息 RM2.15 million。全年度全面亏损为 RM3.30 million。
Source: annual report 2024, pages 12, 13, 81.出处：2024 年年报第 12、13、81 页。
20252025 年
In FY2025, revenue was RM118.65 million and net cash from operating activities fell to RM2.71 million. Investing activities generated RM2,991,623, including RM2,583,865 from disposal of property, plant and equipment and RM389,703 from disposal of other investments, while RM1,067,597 was paid for property, plant and equipment. Financing cash outflows were RM10,833,510, including lease payments of RM6,126,938, term loan repayments of RM1,089,464, interest paid of RM1,318,106, dividends to owners of RM2,146,152, and dividends to non-controlling interests of RM944,400. Comprehensive loss for the year was RM3.66 million.2025 财年，营业额为 RM118.65 million，营运活动现金净额降至 RM2.71 million。投资活动产生 RM2,991,623，其中包括脱售物业、厂房及设备所得 RM2,583,865 以及脱售其他投资所得 RM389,703，而购置物业、厂房及设备支出 RM1,067,597。融资活动现金流出 RM10,833,510，包括支付租赁负债 RM6,126,938、偿还定期贷款 RM1,089,464、支付利息 RM1,318,106、向股东派发股息 RM2,146,152 以及向非控股权益派发股息 RM944,400。全年度全面亏损为 RM3.66 million。
Source: annual report 2025, pages 10, 11, 12, 88, 89.出处：2025 年年报第 10、11、12、88、89 页。
20262026 年
In FY2026, revenue was RM114.08 million and net cash from operating activities improved to RM6.72 million. Investing activities used RM2,004,794, with RM3,655,178 spent on property, plant and equipment and RM461,369 on subscribing for shares in an associate, offset by RM1,585,444 from equipment disposals. Financing activities provided RM818,841, as a term loan drawdown of RM18,106,152 and a release of RM5,936,623 in pledged deposits offset term loan repayments of RM17,176,528, hire purchase payments of RM3,875,913, lease payments of RM718,425, and interest of RM1,277,420. Profit before taxation was RM0.18 million and comprehensive income was RM0.46 million; no dividend was declared or paid.2026 财年，营业额为 RM114.08 million，营运活动现金净额增至 RM6.72 million。投资活动使用 RM2,004,794，其中购置物业、厂房及设备支出 RM3,655,178，认购联营公司股份支出 RM461,369，由设备脱售所得 RM1,585,444 抵销部分支出。融资活动提供现金 RM818,841，主要由于提取定期贷款 RM18,106,152 以及解除抵押定存 RM5,936,623，抵销了偿还定期贷款 RM17,176,528、支付分期付款 RM3,875,913、支付租赁负债 RM718,425 以及利息支出 RM1,277,420。税前盈利为 RM0.18 million，全面收益为 RM0.46 million；未建议或派发股息。
Source: annual report 2026, pages 10, 11, 12, 89, 103, 104.出处：2026 年年报第 10、11、12、89、103、104 页。
Across the three years三年合看
Across the three reports, the group recorded pre-tax losses of RM2.64 million in FY2024 and RM3.22 million in FY2025 before recording profit before taxation of RM0.18 million in FY2026. Interim dividends of 2.70 sen per share (totalling RM2.15 million each year) were paid in FY2024 and FY2025, while no dividend was declared for FY2026. Total interest-bearing debts moved from RM28,873,630 in 2024 to RM26,844,263 in 2025 and RM28,718,303 in 2026, with the debt-to-equity ratio reported at 0.35 in 2024 and 2025, and 0.17 in 2026.三份年报合看，集团在 2024 财年录得税前亏损 RM2.64 million，2025 财年录得税前亏损 RM3.22 million，随后在 2026 财年录得税前盈利 RM0.18 million。2024 和 2025 财年各派发了每股 2.70 仙的中期股息（各年总额 RM2.15 million），而 2026 财年未宣布派发股息。计息负债总额由 2024 年的 RM28,873,630 变为 2025 年的 RM26,844,263 及 2026 年的 RM28,718,303，负债权益比在 2024 和 2025 年为 0.35，2026 年为 0.17。
Source: annual report 2024, pages 12, 13, 15, 133; annual report 2025, pages 10, 14, 140; annual report 2026, pages 11, 12, 14, 155.出处：2024 年年报第 12、13、15、133 页；2025 年年报第 10、14、140 页；2026 年年报第 11、12、14、155 页。
Still to be spent尚未支出的资金与承诺
Across the three reports, the company reported that no proceeds were raised from corporate proposals. In March 2026, the group entered into a sale and purchase agreement to sell a freehold land for a consideration of RM3,000,000, with completion expected by the end of July 2026.在三份年报中，公司均报告未从任何企业提案中募集资金。2026 年 3 月，集团签署买卖协议，以 RM3,000,000 的代价脱售一幅永久地契土地，预计将于 2026 年 7 月底前完成。
Source: annual report 2024, page 64; annual report 2025, page 72; annual report 2026, pages 84, 125.出处：2024 年年报第 64 页；2025 年年报第 72 页；2026 年年报第 84、125 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 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 126,190,180 | 126,269,389 | 118,645,065 | 114,078,974 |
| Profit/(Loss) before tax税前盈利/（亏损） | (5,205,742) | (2,635,000) | (3,224,769) | 181,425 |
| Profit/(Loss) for the financial year年度盈利/（亏损） | (6,097,332) | (3,302,441) | (3,660,206) | 458,164 |
| Net cash from operating activities营运活动现金净额 | 3,079,883 | 8,350,424 | 2,711,094 | 6,715,885 |
| Net cash from/(used in) investing activities投资活动所得/（所用）现金净额 | (1,961,102) | 1,744,776 | 2,991,623 | (2,004,794) |
| Net cash (used in)/from financing activities融资活动（所用）/所得现金净额 | (11,360,044) | (14,448,519) | (10,833,510) | 818,841 |
| Dividend paid to owners已付股东股息 | (2,146,152) | (2,146,152) | (2,146,152) | 0 |
| Cash and cash equivalents现金与银行结余 | 25,832,815 | 21,084,978 | 16,086,754 | 15,735,356 |
| Total equity总权益 | 88,639,314 | 83,475,336 | 77,284,073 | 77,506,589 |
| Other investments其他投资 | 2,039,947 | 1,137,158 | 899,469 | 947,169 |
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 |
|---|---|---|
| Construction of the new warehouse will commence at the end of the year on vacant land owned in Seberang Perai Tengah (2024)将在年底于威中拥有的空地上动工兴建新仓库（2024） | The 2025 and 2026 reports state that the group will begin or progressively develop new warehouse facilities to meet customer demand.2025 和 2026 年报表示集团将开始或逐步开发新仓库设施以满足客户需求。 Source: annual report 2024, page 15; annual report 2025, page 13; annual report 2026, page 13.出处：2024 年年报第 15 页；2025 年年报第 13 页；2026 年年报第 13 页。 | Unclear不明确 |
| To establish a Human Right Policy (2024 target)建立人权政策（2024 年目标） | The 2025 report states the Human Right Policy has been established and is in place to provide guidelines.2025 年报说明人权政策已建立并落实到位，以提供指导准则。 Source: annual report 2024, page 23; annual report 2025, page 26.出处：2024 年年报第 23 页；2025 年年报第 26 页。 | Established已建立 |
| Plan to purchase Euro 5 prime movers from Volvo Malaysia to reduce environmental impact (2025)计划向马来西亚沃尔沃采购 Euro 5 拖头以减少对环境的影响（2025） | In FY2026 the group acquired two Volvo Euro 5 prime movers (Volvo FM450 trucks) and commenced using Euro 5 diesel.集团于 2026 财年购置了两台沃尔沃 Euro 5 拖头（Volvo FM450 卡车），并开始使用 Euro 5 柴油。 Source: annual report 2025, page 19; annual report 2026, pages 21, 36.出处：2025 年年报第 19 页；2026 年年报第 21、36 页。 | Acquired已购置 |
| To place recycling bins at every site (2024 target)在每个据点设置回收箱（2024 年目标） | The 2025 report states recycling bins have been placed at all sites.2025 年报说明已在所有据点放置回收箱。 Source: annual report 2024, page 23; annual report 2025, page 26.出处：2024 年年报第 23 页；2025 年年报第 26 页。 | Carried out已执行 |
| To monitor waste diverted from disposal and directed to disposal (2024 target)监督转移处理及直接处置的废弃物（2024 年目标） | The group began collecting waste data in FY2025, its first year of formal collection; the FY2025 data were restated in the 2026 report.集团于 2025 财年开始收集废弃物数据，这是其正式收集的第一年；2025 财年的数据在 2026 年报中重述。 Source: annual report 2024, page 23; annual report 2025, page 30; annual report 2026, page 38.出处：2024 年年报第 23 页；2025 年年报第 30 页；2026 年年报第 38 页。 | Initiated已启动 |
| To monitor emissions for business travel and employee commuting (2024 target)监督商务差旅与员工通勤的碳排放（2024 年目标） | The 2025 report confirmed that the HR department monitored emissions from business travel and employee commuting.2025 年报确认人力资源部已对商务差旅与员工通勤的碳排放进行监测。 Source: annual report 2024, page 23; annual report 2025, page 26.出处：2024 年年报第 23 页；2025 年年报第 26 页。 | Monitored已监测 |
What the reports leave open年报留下待看的事
- Whether the proposed development of new warehouse facilities commences on the group's land in Seberang Perai Tengah.拟在集团威中土地上开发新仓库设施的计划是否会动工。
Source: annual report 2024, page 15; annual report 2026, page 13.出处：2024 年年报第 15 页；2026 年年报第 13 页。
- Progress toward the target to fully transition warehouse forklift operations to electric forklifts by FY2027.至 2027 财年将仓库叉车作业全面转型为电动叉车的目标进展。
Source: annual report 2026, pages 21, 32.出处：2026 年年报第 21、32 页。
- Completion of the disposal of freehold land for RM3,000,000 under the agreement entered into in March 2026, expected by end of July 2026.根据 2026 年 3 月签署的协议以 RM3,000,000 脱售永久地契土地的完成情况，预计将于 2026 年 7 月底前完成。
Source: annual report 2026, page 125.出处：2026 年年报第 125 页。
- Whether the group secures participation in large-scale national infrastructure projects such as the Penang Light Rail Transit (LRT) project.集团是否能够参与槟城轻快铁（LRT）等国家大型基础设施建设项目。
Source: annual report 2025, page 13; annual report 2026, page 13.出处：2025 年年报第 13 页；2026 年年报第 13 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。