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

BSL Corporation Berhad

7221 · Main Market主板 · annual reports 2022 to 2025, 1335 entries read2022 至 2025 年报,共读出 1335 条

Revenue, 20252025 年营业额RM97.7m9.77千万令吉down 11.4% from比 2023 年减少 11.4%,当年为 RM110.2m1.10亿令吉 in 2023
(Loss)/Profit for the financial year/period, 20252025 年本期/本年度(亏损)/盈利–RM9.53m–953万令吉down 67.9% from比 2023 年减少 67.9%,当年为 –RM29.7m–2.97千万令吉 in 2023
Total assets, 20252025 年总资产RM237.4m2.37亿令吉down 7.0% from比 2023 年减少 7.0%,当年为 RM255.3m2.55亿令吉 in 2023
Cash and bank balances, 20252025 年现金与银行结余RM0.61m61万令吉down 86.8% from比 2023 年减少 86.8%,当年为 RM4.60m460万令吉 in 2023

The company这家公司

BSL Corporation Berhad's subsidiaries have included metal stamping and precision metal parts manufacturing and printed circuit board assembly. In renewable energy, the 2022 report says the group had divested BSL Eco Energy Sdn. Bhd. and was divesting Matahari Suria Sdn. Bhd. In 2024 and 2025, it disposed of its 51% equity interest in Singapore subsidiary BSL Unify Pte. Ltd. on 21 October 2024, ceased operations at Johor subsidiary BSL Unify (M) Sdn. Bhd. in March 2025, and ceased operations at printed circuit board assembly subsidiary BSL Electronics & Technologies Sdn. Bhd. on 28 February 2025.BSL Corporation Berhad 旗下子公司曾从事金属冲压与精密金属零部件制造,以及印刷电路板组装业务。在可再生能源方面,2022 年年报指集团已剥离 BSL Eco Energy Sdn. Bhd.,并正在剥离 Matahari Suria Sdn. Bhd.。在 2024 年与 2025 年,集团于 2024 年 10 月 21 日脱售了新加坡子公司 BSL Unify Pte. Ltd. 的 51% 股权,柔佛子公司 BSL Unify (M) Sdn. Bhd. 于 2025 年 3 月停业,印刷电路板组装子公司 BSL Electronics & Technologies Sdn. Bhd. 于 2025 年 2 月 28 日停业。

Source: annual report 2022, pages 21, 120; annual report 2025, pages 16, 166.出处:2022 年年报第 21、120 页;2025 年年报第 16、166 页。

For the 18-month financial period ended 30 June 2025, the Metal division recorded revenue of RM94.8 million and accounted for 97% of total revenue, while the PCB Assembly division recorded revenue of RM2.9 million. In the financial year ended 31 December 2023, the Metal division recorded revenue of RM105.8 million, PCB Assembly recorded RM5.2 million, and the Renewable Energy division recorded revenue of RM260,000. Revenue from one major customer group contributed approximately RM46,807,000 in 2022 and RM35,782,000 in 2023.在截至 2025 年 6 月 30 日止的 18 个月财政期间,金属部门录得营业额 RM94.8 million,占总营业额的 97%,而印刷电路板组装部门录得营业额 RM2.9 million。在截至 2023 年 12 月 31 日止财政年度,金属部门录得营业额 RM105.8 million,印刷电路板组装录得 RM5.2 million,可再生能源部门录得营业额 RM260,000。来自单一主要客户集团的营业额在 2022 年约占 RM46,807,000,在 2023 年约占 RM35,782,000。

Source: annual report 2022, page 143; annual report 2023, pages 24, 25, 26, 149; annual report 2025, pages 16, 17, 18.出处:2022 年年报第 143 页;2023 年年报第 24、25、26、149 页;2025 年年报第 16、17、18 页。

As at 30 June 2025, substantial shareholders included Dato' Sri Dr Pang Chow Huat with 330,588,239 shares (17.13%), Datuk Dr. Doris Wong Sing Ee with 137,120,000 shares (7.10%), Tan Kok Hui with 130,840,000 shares (6.78%), and Chen Huei Ping with 128,000,000 shares (6.63%). Pledged securities accounts included 284,058,239 shares (14.72%), 44,530,000 shares (2.31%), and 12,000,000 shares (0.62%) pledged for Pang Chow Huat, and 97,000,000 shares (5.03%) and 40,120,000 shares (2.08%) held for Doris Wong Sing Ee.截至 2025 年 6 月 30 日,主要股东包括 Dato' Sri Dr Pang Chow Huat 持有 330,588,239 股(17.13%)、Datuk Dr. Doris Wong Sing Ee 持有 137,120,000 股(7.10%)、Tan Kok Hui 持有 130,840,000 股(6.78%)以及 Chen Huei Ping 持有 128,000,000 股(6.63%)。质押证券账户包括为 Pang Chow Huat 质押的 284,058,239 股(14.72%)、44,530,000 股(2.31%)和 12,000,000 股(0.62%),以及为 Doris Wong Sing Ee 持有的 97,000,000 股(5.03%)和 40,120,000 股(2.08%)。

Source: annual report 2025, pages 19, 205, 206.出处:2025 年年报第 19、205、206 页。

The company did not appoint a Chairman of the Board across all three reports, and had no Chief Executive Officer at 30 June 2025. Director Hoo Wai Keong resigned on 8 November 2024, and Johari Shukri Bin Jamil resigned on 31 May 2025. Datuk Dr. Doris Wong Sing Ee was appointed on 29 April 2024 and resigned on 31 August 2025, while Kua Khai Loon was appointed on 9 April 2025 and Abdul Razak Bin Abu Bakar was appointed on 15 September 2025.在三份年报中,公司均未委任董事会主席,且截至 2025 年 6 月 30 日未委任首席执行员。董事 Hoo Wai Keong 于 2024 年 11 月 8 日辞任,Johari Shukri Bin Jamil 于 2025 年 5 月 31 日辞任。Datuk Dr. Doris Wong Sing Ee 于 2024 年 4 月 29 日获委任并于 2025 年 8 月 31 日辞任,而 Kua Khai Loon 于 2025 年 4 月 9 日获委任,Abdul Razak Bin Abu Bakar 于 2025 年 9 月 15 日获委任。

Source: annual report 2022, page 43; annual report 2023, page 60; annual report 2025, pages 62, 88.出处:2022 年年报第 43 页;2023 年年报第 60 页;2025 年年报第 62、88 页。

Revenue by segment (RM million), 20252025 年各部门营业额(百万令吉)

Metal: 97.0%PCB Assembly: 3.0%
Metal 97.0%金属 97.0%PCB Assembly 3.0%印刷电路板组装 3.0%

Source: annual report 2025, page 17.出处:2025 年年报第 17 页。

Major events大事记

2021Entered into agreement on 12 November 2021 to dispose of 51% in BSL Eco Energy Sdn. Bhd. for RM400,000.于 2021 年 11 月 12 日签署协议,以 RM400,000 脱售 BSL Eco Energy Sdn. Bhd. 51% 股权。

Source: annual report 2022, pages 122, 158.出处:2022 年年报第 122、158 页。

2022Completed private placement on 28 March 2022 raising RM12.7 million, and acquired 51% of SD Unify Pte. Ltd. on 28 June 2022 for SGD1,785,000.于 2022 年 3 月 28 日完成私募配股募集 RM12.7 million,并于 2022 年 6 月 28 日以 SGD1,785,000 收购 SD Unify Pte. Ltd. 51% 股权。

Source: annual report 2022, pages 56, 121.出处:2022 年年报第 56、121 页。

2023Completed rights issue with warrants on 15 March 2023 raising RM90.98 million, and completed disposal of Matahari Suria Sdn. Bhd. on 25 July 2023 for RM5,300,000.于 2023 年 3 月 15 日完成附认股权证附加股发行募集 RM90.98 million,并于 2023 年 7 月 25 日以 RM5,300,000 完成脱售 Matahari Suria Sdn. Bhd.。

Source: annual report 2023, pages 72, 130.出处:2023 年年报第 72、130 页。

2024Disposed of 51% equity interest in BSL Unify Pte. Ltd. on 21 October 2024 for RM5,334,081.于 2024 年 10 月 21 日以 RM5,334,081 脱售 BSL Unify Pte. Ltd. 51% 股权。

Source: annual report 2025, pages 166, 203.出处:2025 年年报第 166、203 页。

2025BSL Electronics & Technologies Sdn. Bhd. ceased operations on 28 February 2025, and BSL Unify (M) Sdn. Bhd. ceased operations in March 2025.BSL Electronics & Technologies Sdn. Bhd. 于 2025 年 2 月 28 日停业,BSL Unify (M) Sdn. Bhd. 于 2025 年 3 月停业。

Source: annual report 2025, page 16.出处:2025 年年报第 16 页。

Revenue and profit/loss营业额与(亏损)/盈利

Revenue营业额
2021
RM159.5m1.59亿令吉
2022
RM214.8m2.15亿令吉
2023
RM110.2m1.10亿令吉
2025
RM97.7m9.77千万令吉
(Loss)/Profit for the financial year/period本期/本年度(亏损)/盈利
2021
RM8.94m894万令吉
2022
–RM10.3m–1.03千万令吉
2023
–RM29.7m–2.97千万令吉
2025
–RM9.53m–953万令吉

Total assets, equity and liabilities总资产、总权益与总负债

Total assets总资产
2021
RM171.2m1.71亿令吉
2022
RM202.4m2.02亿令吉
2023
RM255.3m2.55亿令吉
2025
RM237.4m2.37亿令吉
Total equity总权益
2021
RM119.6m1.20亿令吉
2022
RM137.4m1.37亿令吉
2023
RM199.0m1.99亿令吉
2025
RM193.8m1.94亿令吉
Total liabilities总负债
2021
RM51.7m5.17千万令吉
2022
RM65.0m6.50千万令吉
2023
RM56.3m5.63千万令吉
2025
RM43.6m4.36千万令吉

20222022 年

For the 16-month period ended 31 December 2022, net cash used in operating activities was RM7,206,131. Additions to property, plant and equipment took RM3,992,752 in cash, and cash paid for acquisition of a subsidiary company was RM6,661,897; in the period the group bought 51% of SD Unify Pte. Ltd. for SGD1,785,000 (about RM5,766,086). A provision of RM11,131,511 was made for a customs court case. Share issues brought in RM24,840,292, including warrant exercises of RM12,026,399 and a private placement of RM12,709,024. Drawdown of term loans was RM12,184,392 against term loan repayments of RM4,067,548 and hire purchase repayments of RM1,692,118. No dividend was declared or paid.在截至 2022 年 12 月 31 日止的 16 个月期间,营运活动所用现金净额为 RM7,206,131。添置物业、厂房及设备使用了 RM3,992,752 现金,收购子公司支付现金 RM6,661,897;期内集团以 SGD1,785,000(约 RM5,766,086)收购 SD Unify Pte. Ltd. 51% 股权。就一宗关税法庭案件计提了 RM11,131,511 拨备。发行股份带来 RM24,840,292,包括认股权证行权 RM12,026,399 及私募配股 RM12,709,024。定期贷款提取 RM12,184,392,同期偿还定期贷款 RM4,067,548 及租购负债 RM1,692,118。未宣布或派发股息。

Source: annual report 2022, pages 23, 66, 82, 84, 85, 121.出处:2022 年年报第 23、66、82、84、85、121 页。

20232023 年

Net cash generated from operating activities was RM8,848,704 in 2023. A rights issue of shares brought in RM90,978,593, and placements in fixed deposits absorbed RM106,303,363. Disposal of a subsidiary brought proceeds of RM4,684,210, while disposal of other investments brought RM12,919,137 and acquisition of other investments took RM10,057,422. Additions to property, plant and equipment took RM5,031,479, and purchase of an intangible asset took RM6,618,234. Repayments of term loans were RM11,490,643, while bank borrowings drawn were RM11,185,989 and term loans drawn were RM3,093,856. An allowance for expected credit loss of RM6,236,811 was recognised. A dividend of RM631,883 was paid to non-controlling interest, with no dividend paid to company owners.2023 年营运活动所得现金净额为 RM8,848,704。附加股发行带来 RM90,978,593,定期存款存放吸收了 RM106,303,363。脱售一家子公司所得款项为 RM4,684,210,脱售其他投资带来 RM12,919,137,而购入其他投资使用 RM10,057,422。添置物业、厂房及设备使用 RM5,031,479,购买无形资产使用 RM6,618,234。偿还定期贷款 RM11,490,643,同时提取银行借款 RM11,185,989 及定期贷款 RM3,093,856。确认了 RM6,236,811 的预期信用损失拨备。向非控股权益支付股息 RM631,883,未向公司股东派发股息。

Source: annual report 2023, pages 80, 94, 97, 136.出处:2023 年年报第 80、94、97、136 页。

20252025 年

For the 18 months ended 30 June 2025, net cash used in investing activities was RM8,026,593, including net placement in fixed deposits of RM18,116,961, while interest received was RM5,345,581. Proceeds from disposal of property, plant and equipment were RM3,751,584 and proceeds from disposal of subsidiary company BSL Unify Pte. Ltd. were RM1,371,081. Financing cash outflows from continuing operations were RM12,696,154, including bank borrowings repayments of RM4,866,733, term loan repayments of RM3,295,335, hire purchase repayments of RM1,696,653, and interest paid of RM1,731,189. Placements of RM98,801,266 were held in fixed deposits with a registered cooperative at 30 June 2025. No dividend was declared or paid.在截至 2025 年 6 月 30 日止的 18 个月中,投资活动所用现金净额为 RM8,026,593,其中包括定期存款净存放 RM18,116,961,收到利息 RM5,345,581。处置物业、厂房及设备所得款项为 RM3,751,584,脱售子公司 BSL Unify Pte. Ltd. 所得款项为 RM1,371,081。来自持续经营业务的融资活动现金流出为 RM12,696,154,包括偿还银行借款 RM4,866,733、偿还定期贷款 RM3,295,335、偿还租购负债 RM1,696,653 以及支付利息 RM1,731,189。截至 2025 年 6 月 30 日,存放于注册合作社的定期存款为 RM98,801,266。未宣布或派发股息。

Source: annual report 2025, pages 84, 85, 95, 110, 114, 115, 166.出处:2025 年年报第 84、85、95、110、114、115、166 页。

Across the three reports三份年报合看

Across the three reports, the company raised RM24,840,292 of share capital in 2022 and RM90,978,593 via rights issue in 2023. The group recorded net losses in all three periods, with loss for the period or year of RM10,279,058 in 2022, RM29,732,385 in 2023, and RM9,531,301 in 2025. A provision of RM11,331,511 stood unchanged at the end of 2023 and of the 2025 period. No dividends were paid to company owners in any of the three reports.三份年报合看,公司于 2022 年募集股本 RM24,840,292,并于 2023 年通过附加股募集 RM90,978,593。集团在三个期间均录得净亏损,期内或年度亏损在 2022 年为 RM10,279,058,2023 年为 RM29,732,385,2025 年为 RM9,531,301。一项 RM11,331,511 的拨备在 2023 年底及 2025 财政期末维持不变。三份年报中均未向公司股东派发股息。

Source: annual report 2022, pages 66, 85; annual report 2023, pages 80, 91, 97; annual report 2025, pages 85, 184.出处:2022 年年报第 66、85 页;2023 年年报第 80、91、97 页;2025 年年报第 85、184 页。

Still to be spent尚未支出的承诺

As at 30 June 2025, unutilised proceeds from the March 2023 rights issue totalled RM18,615,000, comprising RM13,955,000 for manufacturing expansion and RM4,660,000 for upgrading existing facilities and technologies. From the March 2022 private placement, RM2,731,000 remained unutilised for manufacturing expansion under an extended 48-month timeframe. Capital commitments approved and contracted for plant, machinery and motor vehicles were RM2,869,080 in 2022 and RM1,613,427 in 2023, and were nil at 30 June 2025.截至 2025 年 6 月 30 日,2023 年 3 月附加股未动用款项总额为 RM18,615,000,包括用于制造业务扩张的 RM13,955,000 和用于升级现有设施与技术的 RM4,660,000。2022 年 3 月私募配股中,尚有 RM2,731,000 未动用于制造业务扩张,使用期限已延长至 48 个月。厂房、机械及汽车的已批准并已签约资本承诺在 2022 年为 RM2,869,080,2023 年为 RM1,613,427,截至 2025 年 6 月 30 日为零。

Source: annual report 2022, page 148; annual report 2023, page 154; annual report 2025, pages 19, 74, 189.出处:2022 年年报第 148 页;2023 年年报第 154 页;2025 年年报第 19、74、189 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2021202220232025
RM令吉RM令吉RM令吉RM令吉
Revenue营业额159,491,733214,806,611110,237,11697,659,540
(Loss)/Profit before tax税前(亏损)/盈利10,521,434(10,757,072)(31,951,167)(9,921,819)
(Loss)/Profit for the financial year/period本期/本年度(亏损)/盈利8,939,964(10,279,058)(29,732,385)(9,531,301)
Total assets总资产171,243,986202,440,888255,337,284237,408,066
Total equity总权益119,558,433137,396,125199,011,415193,776,999
Total liabilities总负债51,685,55365,044,76356,325,86943,631,067
Cash and bank balances现金与银行结余14,098,54311,502,2074,603,610608,332
Other investments其他投资5,797,50011,233,9161,379,200776,000
Net cash used in investing activities投资活动所用现金净额(1,144,805)(12,175,032)(105,409,788)(8,026,593)

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
Rights issue proceeds of RM17.5 million allocated for upgrading existing facilities and technologies within 24 months (2022 report)附加股款项中拨出 RM17.5 million 在 24 个月内用于升级现有设施与技术(2022 年年报)RM7.8 million had been spent by end 2023, and RM12.84 million had been spent by 30 June 2025, leaving RM4.66 million unutilised.截至 2023 年底已支出 RM7.8 million,截至 2025 年 6 月 30 日已支出 RM12.84 million,尚有 RM4.66 million 未使用。

Source: annual report 2022, page 56; annual report 2023, page 72; annual report 2025, page 74.出处:2022 年年报第 56 页;2023 年年报第 72 页;2025 年年报第 74 页。

Still in progress仍在进行中
Divestment of solar installation subsidiary Matahari Suria Sdn. Bhd. in process (2022 report)正在推进太阳能装置子公司 Matahari Suria Sdn. Bhd. 的剥离程序(2022 年年报)Disposal of Matahari Suria Sdn. Bhd. completed on 25 July 2023 for RM5,300,000.于 2023 年 7 月 25 日以 RM5,300,000 完成脱售 Matahari Suria Sdn. Bhd.。

Source: annual report 2022, pages 21, 23; annual report 2023, pages 26, 130.出处:2022 年年报第 21、23 页;2023 年年报第 26、130 页。

Completed已完成
Expanding product line into ATE related components via acquisition of 51% of BSL Unify Pte. Ltd. and satellite plant in Johor Bahru (2022 report)通过收购 BSL Unify Pte. Ltd. 51% 股权及在柔佛新山设立卫星工厂,将产品线扩展至 ATE 相关零部件(2022 年年报)The 51% equity interest in BSL Unify Pte. Ltd. was disposed of in October 2024, and BSL Unify (M) Sdn. Bhd. in Johor ceased operations in March 2025.BSL Unify Pte. Ltd. 的 51% 股权于 2024 年 10 月脱售,柔佛的 BSL Unify (M) Sdn. Bhd. 于 2025 年 3 月停业。

Source: annual report 2022, pages 21, 23; annual report 2025, page 16.出处:2022 年年报第 21、23 页;2025 年年报第 16 页。

Disposed and ceased已脱售并停业
Company to endeavor to identify a suitable candidate to be appointed as Chairman of the Board (2022 report)公司将物色合适人选委任为董事会主席(2022 年年报)Stated again in the 2023 report, and the company had not appointed a Chairman of the Board or Chief Executive Officer at 30 June 2025.2023 年年报重申此事,且截至 2025 年 6 月 30 日公司尚未委任董事会主席或首席执行员。

Source: annual report 2022, page 43; annual report 2023, page 60; annual report 2025, page 62.出处:2022 年年报第 43 页;2023 年年报第 60 页;2025 年年报第 62 页。

Not appointed尚未委任
Focusing on optimizing manufacturing cost structure via implementing a Manufacturing and Control Solution System (2023 report)通过推行制造与控制解决方案系统,致力于优化制造成本结构(2023 年年报)The 2025 report repeats the aim; separately, a manpower optimisation programme cut about 23% of direct labour from August 2024 to June 2025.2025 年年报重申此目标;另外,人力优化计划在 2024 年 8 月至 2025 年 6 月期间削减约 23% 的直接人力。

Source: annual report 2023, page 28; annual report 2025, pages 20, 21.出处:2023 年年报第 28 页;2025 年年报第 20、21 页。

Still in progress仍在进行中

What the reports leave open年报留下待看的事

  • Fixed deposits of RM98,801,266 placed with a registered cooperative under Suruhanjaya Koperasi Malaysia, representing approximately 42% of total assets at 30 June 2025 under a different regulatory framework.存放于马来西亚合作社委员会管辖下的注册合作社的定期存款达 RM98,801,266,在不同监管框架下约占截至 2025 年 6 月 30 日总资产的 42%。

    Source: annual report 2025, pages 95, 175.出处:2025 年年报第 95、175 页。

  • Unutilised proceeds of RM18,615,000 from the March 2023 rights issue and RM2,731,000 from the March 2022 private placement, under an extended 48-month timeframe.2023 年 3 月附加股的 RM18,615,000 未动用款项,以及 2022 年 3 月私募配股在延长至 48 个月期限下的 RM2,731,000 未动用款项。

    Source: annual report 2025, page 74.出处:2025 年年报第 74 页。

  • The outstanding provision of RM11,331,511 for the sales tax and import duty demand against BSL Electronics & Technologies Sdn. Bhd., which ceased operations on 28 February 2025.针对已于 2025 年 2 月 28 日停业的 BSL Electronics & Technologies Sdn. Bhd. 的销售税及进口税索赔,未结清的 RM11,331,511 拨备。

    Source: annual report 2025, pages 16, 134, 184.出处:2025 年年报第 16、134、184 页。

  • The vacant positions of Chairman of the Board and Chief Executive Officer, which remained unappointed at 30 June 2025.截至 2025 年 6 月 30 日仍空缺、尚未委任的董事会主席和首席执行员职位。

    Source: annual report 2025, page 62.出处:2025 年年报第 62 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。