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

Favelle Favco Berhad

7229 · Main Market主板 · annual reports 2023 to 2025, 1549 entries read2023 至 2025 年报,共读出 1549 条

Revenue, 20252025 年营业额RM787.1m7.87亿令吉down 12.6% from比 2024 年减少 12.6%,当年为 RM901.1m9.01亿令吉 in 2024
Profit for the year, 20252025 年年度盈利RM61.1m6.11千万令吉down 8.4% from比 2024 年减少 8.4%,当年为 RM66.7m6.67千万令吉 in 2024
Net cash generated from operating activities, 20252025 年营运活动所得现金净额RM106.0m1.06亿令吉up 239.1% from比 2024 年增加 239.1%,当年为 RM31.3m3.13千万令吉 in 2024
Loans and borrowings, 20252025 年贷款与借款RM122.3m1.22亿令吉up 37.5% from比 2024 年增加 37.5%,当年为 RM89.0m8.90千万令吉 in 2024

The company这家公司

Favelle Favco Berhad is listed on the Main Market of Bursa Malaysia Securities Berhad. The group operates through two primary divisions: the crane group, which sells, rents and maintains cranes and sells crane spare parts, and the Intelligent Automation Group, which provides automation, control systems and industrial information technology equipment.Favelle Favco Berhad 在马来西亚证券交易所主板上市。集团通过两大主要部门运营:起重机集团负责销售、出租及维护起重机并销售起重机零件,Intelligent Automation 集团则提供自动化、控制系统以及工业信息技术设备。

Source: annual report 2024, page 70; annual report 2025, pages 9, 112.出处:2024 年年报第 70 页;2025 年年报第 9、112 页。

In 2025, the crane division reported revenue of RM544 million (2024: RM643 million), and the Intelligent Automation Group reported revenue of RM243 million (2024: RM258 million). Total group revenue was RM787 million (2024: RM901 million).2025 年,起重机部门录得营业额 RM544 million(2024 年:RM643 million),Intelligent Automation 集团录得营业额 RM243 million(2024 年:RM258 million)。集团总营业额为 RM787 million(2024 年:RM901 million)。

Source: annual report 2024, page 6; annual report 2025, pages 6, 123.出处:2024 年年报第 6 页;2025 年年报第 6、123 页。

The holding company is Muhibbah Engineering (M) Bhd, which holds 150,609,043 shares representing 63.861% of the shares in the 2025 report. Mac Ngan Boon @ Mac Yin Boon is a major shareholder of the company indirectly via Muhibbah Engineering (M) Bhd and is the father of Mac Chung Hui, the Managing Director and Chief Executive Officer.母公司为 Muhibbah Engineering (M) Bhd,在 2025 年年报中持有 150,609,043 股或 63.861% 股份。Mac Ngan Boon @ Mac Yin Boon 通过 Muhibbah Engineering (M) Bhd 间接成为公司主要股东,并且是董事经理兼首席执行员 Mac Chung Hui 的父亲。

Source: annual report 2024, page 57; annual report 2025, pages 37, 148.出处:2024 年年报第 57 页;2025 年年报第 37、148 页。

Pledged securities accounts among the thirty largest shareholders include accounts for Mac Ngan Boon @ Mac Yin Boon at RHB Capital Nominees (Tempatan) Sdn Bhd with 5,264,000 shares (2.232%), HLB Nominees (Tempatan) Sdn Bhd with 4,100,000 shares (1.738%), and Affin Hwang Nominees (Tempatan) Sdn Bhd with 1,360,913 shares (0.577%). Accounts are also held for Mazlan Bin Abdul Hamid at Maybank Nominees (Tempatan) Sdn Bhd with 2,730,200 shares (1.158%) and for Lee Poh Kwee at HLB Nominees (Tempatan) Sdn Bhd with 2,635,000 shares (1.117%).前三十大股东中的抵押证券账户包括:RHB Capital Nominees (Tempatan) Sdn Bhd 持有的 Mac Ngan Boon @ Mac Yin Boon 账户 5,264,000 股(2.232%)、HLB Nominees (Tempatan) Sdn Bhd 4,100,000 股(1.738%),以及 Affin Hwang Nominees (Tempatan) Sdn Bhd 1,360,913 股(0.577%)。此外,Maybank Nominees (Tempatan) Sdn Bhd 持有 Mazlan Bin Abdul Hamid 账户 2,730,200 股(1.158%),HLB Nominees (Tempatan) Sdn Bhd 持有 Lee Poh Kwee 账户 2,635,000 股(1.117%)。

Source: annual report 2025, pages 148, 149.出处:2025 年年报第 148、149 页。

On 26 June 2025, director Sobri bin Abu retired. On 26 August 2025, Dato' Sharimahton binti Mat Saleh was appointed as an Independent Non-Executive Director, and Anuar bin Abd Rahman was re-designated as Chairman of the Audit Committee.2025 年 6 月 26 日,董事 Sobri bin Abu 退休。2025 年 8 月 26 日,Dato' Sharimahton binti Mat Saleh 获委任为独立非执行董事,Anuar bin Abd Rahman 调任为审计委员会主席。

Source: annual report 2025, pages 13, 43, 44.出处:2025 年年报第 13、43、44 页。

Revenue by destination, 20252025 年各地区营业额占比

Inside Malaysia: 62.7%Outside Malaysia: 37.3%
Inside Malaysia 62.7%马来西亚境内 62.7%Outside Malaysia 37.3%马来西亚境外 37.3%

Source: annual report 2025, pages 123, 124.出处:2025 年年报第 123、124 页。

Major events大事记

2022On 31 October 2022, the group completed the acquisition of 70% of Strata Niaga Sdn Bhd and its subsidiary.2022 年 10 月 31 日,集团完成收购 Strata Niaga Sdn Bhd 及其子公司 70% 股权。

Source: annual report 2023, page 131.出处:2023 年年报第 131 页。

2023Delivered the PC1200 offshore crane capable of lifting 1200 tonnes, and received an order for a Kroll K10000 tower crane.交付了起重量达 1200 吨的 PC1200 离岸起重机,并接获 Kroll K10000 塔式起重机订单。

Source: annual report 2023, page 7.出处:2023 年年报第 7 页。

2024Delivered the Kroll K10000 tower crane and initiated development of a 14,000-square-meter logistics warehouse in Australia.交付 Kroll K10000 塔式起重机,并在澳大利亚启动占地 14,000 平方米的物流仓库开发项目。

Source: annual report 2024, page 7.出处:2024 年年报第 7 页。

2025Delivered cranes to the Jeddah Tower project; director Sobri bin Abu retired, and Dato' Sharimahton binti Mat Saleh was appointed to the board.向 Jeddah Tower 项目交付起重机;董事 Sobri bin Abu 退休,Dato' Sharimahton binti Mat Saleh 获委任加入董事会。

Source: annual report 2025, pages 7, 13, 43.出处:2025 年年报第 7、13、43 页。

2026On 12 January 2026, entered into an agreement to acquire 100% of Seram Industries SAS for up to EUR10.0 million, completed on 9 February 2026.2026 年 1 月 12 日签订协议以最高 EUR10.0 million 收购 Seram Industries SAS 100% 股权,并于 2026 年 2 月 9 日完成交割。

Source: annual report 2025, page 137.出处:2025 年年报第 137 页。

Revenue, profit and operating cash营业额、盈利与营运现金

Revenue营业额
2022
RM594.8m5.95亿令吉
2023
RM765.2m7.65亿令吉
2024
RM901.1m9.01亿令吉
2025
RM787.1m7.87亿令吉
Profit for the year年度盈利
2022
RM42.6m4.26千万令吉
2023
RM61.5m6.15千万令吉
2024
RM66.7m6.67千万令吉
2025
RM61.1m6.11千万令吉
Net cash generated from operating activities营运活动所得现金净额
2022
RM38.8m3.88千万令吉
2023
RM129.9m1.30亿令吉
2024
RM31.3m3.13千万令吉
2025
RM106.0m1.06亿令吉

Total assets, borrowings and equity总资产、借款与权益

Total assets总资产
2022
RM1,368.9m13.69亿令吉
2023
RM1,451.2m14.51亿令吉
2024
RM1,441.8m14.42亿令吉
2025
RM1,473.1m14.73亿令吉
Loans and borrowings贷款与借款
2022
RM115.0m1.15亿令吉
2023
RM68.0m6.80千万令吉
2024
RM89.0m8.90千万令吉
2025
RM122.3m1.22亿令吉
Total equity总权益
2022
RM732.9m7.33亿令吉
2023
RM787.6m7.88亿令吉
2024
RM810.7m8.11亿令吉
2025
RM842.3m8.42亿令吉

20232023 年

Net cash generated from operating activities was RM129.9 million. Cash disbursed for acquisition of property, plant and equipment was RM17.5 million. Net repayment of loans and borrowings took RM36.4 million. The company paid RM9,342,711 in dividends to shareholders, and RM3.5 million in dividends was paid to non-controlling interest. Cash and cash equivalents ended at RM165 million.营运活动所得现金净额为 RM129.9 million。购买物业、厂房及设备支出为 RM17.5 million。偿还贷款与借款净额使用 RM36.4 million。公司向股东派发股息 RM9,342,711,向非控股权益派发股息 RM3.5 million。期末现金与现金等价物为 RM165 million。

Source: annual report 2023, pages 7, 48, 62.出处:2023 年年报第 7、48、62 页。

20242024 年

Net cash generated from operating activities was RM31.3 million. Capital spending on property, plant and equipment took RM32.3 million, while proceeds from disposal of property, plant and equipment brought RM10.1 million. Net drawdown of loans and borrowings was RM7.8 million, and proceeds from issuance of new shares were RM2.3 million. The company paid a dividend of RM21,167,619 to shareholders. Cash and cash equivalents ended at RM156 million.营运活动所得现金净额为 RM31.3 million。物业、厂房及设备资本支出使用 RM32.3 million,脱售物业、厂房及设备所得为 RM10.1 million。贷款与借款净提取额为 RM7.8 million,发行新股所得为 RM2.3 million。公司向股东派发股息 RM21,167,619。期末现金与现金等价物为 RM156 million。

Source: annual report 2024, pages 7, 54, 68.出处:2024 年年报第 7、54、68 页。

20252025 年

Net cash generated from operating activities was RM106.0 million. Acquisition of property, plant and equipment used RM40.9 million. Net drawdown of loans and borrowings provided RM26.6 million. The company paid RM21,224,139 in dividends to shareholders, and RM7.8 million in dividends was paid to non-controlling interest. Cash and cash equivalents ended at RM216 million.营运活动所得现金净额为 RM106.0 million。购买物业、厂房及设备支出为 RM40.9 million。贷款与借款净提取额提供 RM26.6 million。公司向股东派发股息 RM21,224,139,向非控股权益派发股息 RM7.8 million。期末现金与现金等价物为 RM216 million。

Source: annual report 2025, pages 6, 60, 74.出处:2025 年年报第 6、60、74 页。

Across the three years三年合看

A dividend of 9 sen per share was declared or recommended in each of the three years. The group maintained goodwill of RM75.283 million for the acquisition of the Intelligent Automation Group at the end of each of the three years. Total loans and borrowings rose from RM68.0 million at the end of 2023 to RM122.3 million at the end of 2025, while cash and cash equivalents grew from RM165 million to RM216 million.三年中每年均宣布或建议派发每股 9 仙的股息。集团就收购 Intelligent Automation 集团在三个年度末均列有 RM75.283 million 商誉。贷款与借款总额由 2023 年底的 RM68.0 million 增至 2025 年底的 RM122.3 million,同时现金与现金等价物由 RM165 million 增至 RM216 million。

Source: annual report 2023, pages 7, 138; annual report 2024, pages 6, 137; annual report 2025, pages 6, 143.出处:2023 年年报第 7、138 页;2024 年年报第 6、137 页;2025 年年报第 6、143 页。

Still to be spent尚未支出的承诺

Unconditional capital commitments for the construction of investment properties were RM11.9 million at the end of 2024 and rose to RM111.7 million at the end of 2025. In January 2026, the company entered into an agreement to acquire Seram Industries SAS for a purchase consideration of up to EUR10.0 million. No proceeds were raised from corporate proposals during the three financial years.投资产业建设的无条件资本承诺在 2024 年底为 RM11.9 million,2025 年底升至 RM111.7 million。2026 年 1 月,公司签订协议以最高 EUR10.0 million 的代价收购 Seram Industries SAS。三个财政年度内均未通过企业提案募集任何资金。

Source: annual report 2023, page 16; annual report 2024, pages 16, 131; annual report 2025, pages 37, 137.出处:2023 年年报第 16 页;2024 年年报第 16、131 页;2025 年年报第 37、137 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2022202320242025
RM'000千令吉RM'000千令吉RM'000千令吉RM'000千令吉
Revenue营业额594,773765,161901,124787,147
Profit before tax税前盈利59,56885,35490,82286,169
Profit for the year年度盈利42,56861,45666,73061,098
Net cash generated from operating activities营运活动所得现金净额38,787129,92931,269106,033
Acquisition of property, plant and equipment购买物业、厂房及设备(24,898)(17,504)(32,293)(40,909)
Dividend paid to shareholders of the Company已付公司股东股息(217,218)(9,343)(21,168)(21,224)
Total assets总资产1,368,8781,451,2071,441,7711,473,119
Loans and borrowings贷款与借款115,04268,01888,962122,297
Cash and cash equivalents现金与现金等价物99,120164,861156,165215,804
Total equity总权益732,867787,649810,692842,323

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
Development of a 14,000-square-meter logistics warehouse in Australia on existing land (2024)在澳大利亚现有土地上开发占地 14,000 平方米的物流仓库(2024 年)In 2025, steady progress was reported on two logistics warehouses with 14,000 square metres of gross lettable area in Sydney, with facility expected to be ready by the second quarter of 2026.2025 年年报显示悉尼两座总可出租面积为 14,000 平方米的物流仓库取得稳步进展,设施预计于 2026 年第二季度完工。

Source: annual report 2024, page 7; annual report 2025, page 8.出处:2024 年年报第 7 页;2025 年年报第 8 页。

Still in progress建设中
Fulfilling the significant order for a Kroll K10000 tower crane received by the Danish unit (2023)交付丹麦子公司接获的 Kroll K10000 塔式起重机重大订单(2023 年)The Kroll K10000 crane was delivered in 2024, with deliveries in Korea noted in 2025.Kroll K10000 起重机已于 2024 年交付,并在 2025 年提及在韩国完成交付。

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

Carried out已执行
Supplying tower cranes chosen for the construction of the Jeddah Tower in Saudi Arabia (2024)为沙特阿拉伯 Jeddah Tower 建设项目供应入选的塔式起重机(2024 年)The 2025 report confirmed delivery of cranes to the Jeddah Tower project.2025 年年报确认起重机已交付至 Jeddah Tower 项目。

Source: annual report 2024, page 7; annual report 2025, page 7.出处:2024 年年报第 7 页;2025 年年报第 7 页。

Carried out已执行
Recommendation of a final ordinary dividend of 9.00 sen per share totaling RM21,044,409 for 2023建议派发 2023 年每股 9.00 仙终期普通股息,总额 RM21,044,409The company paid a final dividend of 9.00 sen per share totaling RM21,167,619 for 2023 on 22 August 2024.公司于 2024 年 8 月 22 日就 2023 年派发了每股 9.00 仙、总额 RM21,167,619 的终期股息。

Source: annual report 2023, page 48; annual report 2024, page 54.出处:2023 年年报第 48 页;2024 年年报第 54 页。

Carried out已执行
Plan to assess climate-related risks and explore ways to incorporate them into the risk management framework (2024)计划评估气候相关风险并探索将其纳入风险管理框架(2024 年)The 2025 report repeated the identical intention to assess climate-related risks and explore ways to incorporate them into the framework in the near future.2025 年年报再次提及完全相同的意向,即在近期评估气候相关风险并探索将其纳入框架。

Source: annual report 2024, page 43; annual report 2025, page 23.出处:2024 年年报第 43 页;2025 年年报第 23 页。

No progress reported未见进展

What the reports leave open年报留下待看的事

  • Monetisation and leasing of the two new logistics warehouses in Sydney comprising 14,000 square metres of gross lettable area, expected to be ready by the second quarter of 2026, alongside RM111.7 million in unconditional construction commitments.悉尼两座总可出租面积为 14,000 平方米的新物流仓库的商业化与招租进展,该设施预计于 2026 年第二季度完工,截至 2025 年底有 RM111.7 million 的无条件建设承诺。

    Source: annual report 2025, pages 8, 10, 137.出处:2025 年年报第 8、10、137 页。

  • Integration and performance of Seram Industries SAS following its acquisition for up to EUR10.0 million, with bank guarantees obtained on 9 April 2026.以最高 EUR10.0 million 收购 Seram Industries SAS 后的整合与表现,相关银行担保已于 2026 年 4 月 9 日取得。

    Source: annual report 2025, pages 10, 137.出处:2025 年年报第 10、137 页。

  • The impact of the Iran conflict on business operations, including potential increases in shipping, supplier costs and general inflation from higher global oil prices.伊朗冲突对业务营运的影响,包括因全球油价上涨而可能导致的航运、供应商成本及整体通胀上升。

    Source: annual report 2025, page 10.出处:2025 年年报第 10 页。

  • The group's maximum credit risk exposure from outstanding banking facilities of subsidiaries, which increased from RM85 million in 2024 to RM138 million at the end of 2025.集团因子公司未偿还银行授信而承担的最大信用风险敞口,由 2024 年的 RM85 million 增加至 2025 年底的 RM138 million。

    Source: annual report 2025, page 130.出处:2025 年年报第 130 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。