DailySpaceKESM Industries Berhad
9334 · Main Market主板（Main Market） · annual reports 2023 to 2025, 1032 entries read2023 至 2025 年报，共读出 1032 条
The company这家公司
KESM Industries Berhad provides semiconductor burn-in and testing services. It began operations in Kepong, Selangor in 1978, moved to Sungei Way Free Industrial Zone in Petaling Jaya, and operates four locations across Malaysia and China: Petaling Jaya, Penang, Malacca, and Tianjin.KESM Industries Berhad 提供半导体老化测试（burn-in）与测试服务。公司于 1978 年在雪兰莪甲洞开展业务，后迁至八打灵再也双溪威自由工业区，在马来西亚和中国共有四个营运据点：八打灵再也、槟城、马六甲及天津。
Source: annual report 2023, page 7; annual report 2024, page 7; annual report 2025, page 7.出处：2023 年年报第 7 页；2024 年年报第 7 页；2025 年年报第 7 页。
Burn-in and testing is the group's single operating segment. In 2025, three customers exceeded 10% of revenue each, generating RM153,431,000, compared to four customers generating RM200,030,000 in 2024 and three customers generating RM169,008,000 in 2023.老化与测试服务是集团的单一营运部门。2025 年，共有三名客户各自占营业额 10% 以上，合计贡献 RM153,431,000；2024 年为四名客户贡献 RM200,030,000，2023 年为三名客户贡献 RM169,008,000。
Source: annual report 2023, page 139; annual report 2024, page 140; annual report 2025, page 141.出处：2023 年年报第 139 页；2024 年年报第 140 页；2025 年年报第 141 页。
By geographic market, in 2025 Malaysia contributed RM137.4 million (2024: RM143.3 million), the People's Republic of China RM38.4 million (2024: RM41.7 million), Others RM17.5 million (2024: RM19.3 million), and Singapore RM17.2 million (2024: RM38.8 million).按地区市场划分，2025 年马来西亚贡献 RM137.4 million（2024 年：RM143.3 million），中华人民共和国贡献 RM38.4 million（2024 年：RM41.7 million），其他市场贡献 RM17.5 million（2024 年：RM19.3 million），新加坡贡献 RM17.2 million（2024 年：RM38.8 million）。
Source: annual report 2025, pages 107, 141.出处：2025 年年报第 107、141 页。
Sunright Limited is the ultimate holding company, holding 20,825,000 shares or 48.41%. Mr Samuel Lim Syn Soo is Founder, Executive Chairman and Chief Executive Officer of the company and Sunright Limited. His spouse, Ms Lim Mee Ing, also sits on the board. Pledged securities accounts among the thirty largest shareholders include accounts for Yong Loy Huat with 438,000 shares (1.02%) and Lee Khoon Beng with 284,000 shares (0.66%).Sunright Limited 是终极控股公司，持有 20,825,000 股（48.41%）。公司创办人、执行主席兼首席执行员 Samuel Lim Syn Soo 也是 Sunright Limited 的创办人、执行主席兼首席执行员。其配偶 Lim Mee Ing 亦担任董事。在三十大股东中，以质押证券账户持股的包括 Yong Loy Huat 的 438,000 股（1.02%）以及 Lee Khoon Beng 的 284,000 股（0.66%）。
Source: annual report 2025, pages 10, 11, 13, 96, 143, 144.出处：2025 年年报第 10、11、13、96、143、144 页。
Mr Samuel Lim Syn Soo serves as both Board Chairman and Chief Executive Officer, which the reports note is a deviation under Practice 1.3 of the Malaysian Code on Corporate Governance. On 1 May 2023, Mr Kua Choh Leang and Dato' Dr. Suhazimah Binti Dzazali were appointed to the board, while Tuan Haji Zakariah Bin Yet and Mr Yong Chee Hou resigned on 1 June 2023.董事会主席 Samuel Lim 同时兼任首席执行员，年报指出该单一领导架构偏离了《马来西亚企业管治守则》（MCCG）实务 1.3 的建议。2023 年 5 月 1 日，Kua Choh Leang 与 Dato’ Dr. Suhazimah Binti Dzazali 获委任加入董事会，而 Tuan Haji Zakariah Bin Yet 与 Yong Chee Hou 则于 2023 年 6 月 1 日辞任。
Source: annual report 2023, pages 59, 61; annual report 2025, page 67.出处：2023 年年报第 59、61 页；2025 年年报第 67 页。
Revenue by market, 2025 (RM'000)2025 年按市场划分的营业额（千令吉）
Source: annual report 2025, page 141.出处：2025 年年报第 141 页。
Major events大事记
Source: annual report 2024, page 7.出处：2024 年年报第 7 页。
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。
Source: annual report 2024, page 7.出处：2024 年年报第 7 页。
Source: annual report 2024, page 7.出处：2024 年年报第 7 页。
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。
Source: annual report 2023, page 7; annual report 2024, page 7; annual report 2025, page 7.出处：2023 年年报第 7 页；2024 年年报第 7 页；2025 年年报第 7 页。
Source: annual report 2023, page 61.出处：2023 年年报第 61 页。
Source: annual report 2025, page 115.出处：2025 年年报第 115 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Assets, equity and borrowings资产、权益与借款
20232023 年
In 2023, net additions to property, plant and equipment were RM49.4 million, with cash payments of RM44,813,000. Cash was generated by proceeds from bank loans of RM82,303,000, while bank loans repaid were RM15,195,000, lease liabilities repaid were RM3,913,000, and dividends paid on ordinary shares were RM3,226,000. Loans and borrowings increased by RM66.4 million to RM93.7 million. Cash and short-term deposits improved by 27%, from RM176.9 million to RM223.9 million.2023 年，物业、厂房及设备净增加 RM49.4 million，现金支出为 RM44,813,000。现金来源包括提取银行贷款所得的 RM82,303,000，而偿还银行贷款为 RM15,195,000，偿还租赁负债本金为 RM3,913,000，支付普通股股息为 RM3,226,000。贷款与借款增加 RM66.4 million 至 RM93.7 million。现金及短期存款增加 27%，由 RM176.9 million 增至 RM223.9 million。
Source: annual report 2023, pages 8, 89.出处：2023 年年报第 8、89 页。
20242024 年
In 2024, net cash flows from operating activities was RM51,353,000. Cash spent on purchase of property, plant and equipment was RM15,400,000, while proceeds from disposal of property, plant and equipment were RM3,797,000. Bank loans drawn were RM11,000,000, bank loans repaid were RM34,168,000, lease liabilities repaid were RM3,804,000, and dividends paid were RM2,581,000. Total loans and borrowings decreased by 22% or RM20.5 million to RM73.3 million. Cash and short-term deposits increased by 4% or RM8.5 million to RM232.5 million.2024 年，营运活动现金流量净额为 RM51,353,000。购买物业、厂房及设备现金支出为 RM15,400,000，出售物业、厂房及设备所得为 RM3,797,000。新提取银行贷款 RM11,000,000，偿还银行贷款 RM34,168,000，偿还租赁负债 RM3,804,000，已付股息 RM2,581,000。贷款与借款总额减少 22% 或 RM20.5 million 至 RM73.3 million。现金及短期存款增加 4% 或 RM8.5 million 至 RM232.5 million。
Source: annual report 2024, pages 8, 93.出处：2024 年年报第 8、93 页。
20252025 年
In 2025, net cash flows from operating activities was RM33,759,000. Bank loans drawn were RM1,847,000, while bank loans repaid were RM36,506,000, lease liabilities repaid were RM2,515,000, and dividends paid were RM3,226,000. Purchase of investment securities was RM1,025,000, and proceeds from disposal of investment securities were RM1,310,000. Total loans and borrowings decreased by 51% or RM37.3 million, from RM73.3 million to RM36.0 million. Cash and short-term deposits decreased by 10% or RM22.3 million to RM210.1 million.2025 年，营运活动现金流量净额为 RM33,759,000。提取银行贷款 RM1,847,000，而偿还银行贷款 RM36,506,000，偿还租赁负债 RM2,515,000，已付股息 RM3,226,000。购买投资证券支出 RM1,025,000，出售投资证券所得 RM1,310,000。贷款与借款总额减少 51% 或 RM37.3 million，由 RM73.3 million 降至 RM36.0 million。现金及短期存款减少 10% 或 RM22.3 million 至 RM210.1 million。
Source: annual report 2025, pages 8, 95.出处：2025 年年报第 8、95 页。
Across the three years三年合看
The 2023 report says the group invested RM143 million in advanced equipment over the previous two years, including to support microcontrollers used in advanced driver-assistance systems. Bank loans were expanded in 2023 with borrowings drawn of RM82,303,000, and subsequently reduced through repayments of RM34,168,000 in 2024 and RM36,506,000 in 2025, bringing total loans and borrowings from RM93,711,000 at end 2023 down to RM35,990,000 at end 2025. Dividends were declared each year: a first and final dividend of 6 sen per share (RM2,580,870) for 2023, an interim dividend of 7.5 sen per share (RM3,226,088) for 2024, and an interim dividend of 6 sen per share (RM2,580,870) for 2025.2023 年报指集团在过去两年投资 RM143 million 于先进设备，包括用于支援高级驾驶辅助系统所用的微控制器。银行借款在 2023 年大幅扩张，提取借款 RM82,303,000，随后在 2024 年偿还 RM34,168,000 以及 2025 年偿还 RM36,506,000，使贷款与借款总额由 2023 年底的 RM93,711,000 降至 2025 年底的 RM35,990,000。每年均宣派股息：2023 年首期兼终期股息每股 6 仙（RM2,580,870），2024 年中期股息每股 7.5 仙（RM3,226,088），2025 年中期股息每股 6 仙（RM2,580,870）。
Source: annual report 2023, pages 5, 9, 73, 89, 123; annual report 2024, pages 77, 93; annual report 2025, pages 79, 95, 124.出处：2023 年年报第 5、9、73、89、123 页；2024 年年报第 77、93 页；2025 年年报第 79、95、124 页。
Still to be spent尚未支出的承诺
Capital commitments for property, plant and equipment authorised and contracted for were RM12,805,000 in 2023, RM3,816,000 in 2024, and RM19,373,000 in 2025. There were no unutilised proceeds, as no proceeds were raised from corporate proposals in any of the three years.已获批准并签约的物业、厂房及设备资本承诺在 2023 年为 RM12,805,000，2024 年为 RM3,816,000，2025 年为 RM19,373,000。三年内均未通过企业提案筹集任何资金，因此无未动用款项。
Source: annual report 2023, pages 15, 132; annual report 2024, pages 15, 132; annual report 2025, pages 15, 133.出处：2023 年年报第 15、132 页；2024 年年报第 15、132 页；2025 年年报第 15、133 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 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 246,736 | 228,283 | 243,025 | 210,546 |
| (Loss)/profit before tax税前（亏损）/盈利 | 4,232 | (2,218) | 3,299 | (7,468) |
| Net cash flows from operating activities营运活动现金流量净额 | – | 26,247 | 51,353 | 33,759 |
| Dividends paid on ordinary shares已付普通股股息 | (3,871) | (3,226) | (2,581) | (3,226) |
| Total assets总资产 | 425,642 | 485,051 | 469,000 | 415,192 |
| Total liabilities总负债 | 63,284 | 130,306 | 116,323 | 76,023 |
| Total equity总权益 | 362,358 | 354,745 | 352,677 | 339,169 |
| Total loans and borrowings贷款与借款总额 | 27,284 | 93,711 | 73,260 | 35,990 |
| Loans and borrowings (non-current)非流动贷款与借款 | 15,394 | 56,450 | 34,201 | 6,757 |
| Loans and borrowings (current)流动贷款与借款 | 11,890 | 37,261 | 39,059 | 29,233 |
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 |
|---|---|---|
| A first and final tax exempt dividend of 6 sen per share amounting to RM2,580,870 proposed for approval at the AGM on 11 January 2024建议派发每股 6 仙、总额 RM2,580,870 的首期兼终期免税股息，待 2024 年 1 月 11 日股东周年大会通过 | Approved on 11 January 2024 and paid on 8 February 2024.于 2024 年 1 月 11 日获批准，并于 2024 年 2 月 8 日派发。 Source: annual report 2023, pages 5, 73; annual report 2024, page 77.出处：2023 年年报第 5、73 页；2024 年年报第 77 页。 | Paid已派发 |
| Rooftop solar panel system projected to generate approximately 650 MWh per year and save approximately RM341,000 per year in operating costs屋顶太阳能系统预计每年产生约 650 MWh 再生能源，并每年节省约 RM341,000 营运成本 | The 2024 and 2025 reports disclose green electricity procured under the government tariff program, but do not state the solar generation or cost savings achieved.2024 及 2025 年年报披露了通过政府绿色电价计划采购的绿电，但未载明太阳能实际发电量或节省的成本。 Source: annual report 2023, page 43; annual report 2024, page 44; annual report 2025, page 45.出处：2023 年年报第 43 页；2024 年年报第 44 页；2025 年年报第 45 页。 | Not reported in later reports后续年报未说明 |
| Directors will ensure attendance of mandatory sustainability training (MAP II) by 1 August 2025董事将确保在 2025 年 8 月 1 日前完成强制性可持续发展培训（MAP II） | Two directors completed the training in FY2024, and the 2025 report states all directors had fulfilled MAP Part I and Part II obligations.两名董事于 2024 财政年度完成培训，2025 年年报说明所有董事均已完成 MAP 第一部及第二部的要求。 Source: annual report 2023, page 63; annual report 2024, page 68; annual report 2025, page 70.出处：2023 年年报第 63 页；2024 年年报第 68 页；2025 年年报第 70 页。 | Carried out已落实 |
| Perpetual target of 2% reduction in year-on-year electricity consumption每年减少 2% 用电量的长期目标 | Electricity consumption was reduced by 3% in FY2024 and by 10% in FY2025.用电量在 2024 财政年度减少 3%，在 2025 财政年度减少 10%。 Source: annual report 2023, page 54; annual report 2024, page 44; annual report 2025, page 41.出处：2023 年年报第 54 页；2024 年年报第 44 页；2025 年年报第 41 页。 | Reduction achieved已实现减幅 |
| To conduct and incorporate climate scenario analysis on a phased approach in subsequent years在后续年度以分阶段方式开展并纳入气候情景分析 | Climate scenario analysis was introduced into the climate reporting framework in FY2024, focusing on two climate pathways in FY2025.2024 财政年度将气候情景分析纳入气候汇报框架，并在 2025 财政年度聚焦于两条气候路径。 Source: annual report 2023, page 53; annual report 2024, page 54; annual report 2025, page 56.出处：2023 年年报第 53 页；2024 年年报第 54 页；2025 年年报第 56 页。 | Carried out已落实 |
| Interim dividend of 7.5 sen per share (RM3,226,088) declared for FY2024, to be paid on 29 October 2024就 2024 财政年度宣派每股 7.5 仙（RM3,226,088）的中期股息，定于 2024 年 10 月 29 日派发 | Paid on 29 October 2024 and accounted for in equity in FY2025.于 2024 年 10 月 29 日派发，并在 2025 财政年度计入权益。 Source: annual report 2024, page 77; annual report 2025, pages 79, 95.出处：2024 年年报第 77 页；2025 年年报第 79、95 页。 | Paid已派发 |
What the reports leave open年报留下待看的事
- Completion of the sale of leasehold land and building for RM4,000,000 contracted on 28 May 2025, carried in assets held for sale at RM1,762,000.于 2025 年 5 月 28 日签约以 RM4,000,000 脱售租赁地契土地及建筑物的完成进展，该项资产列入持作出售资产，账面值为 RM1,762,000。
Source: annual report 2025, pages 91, 115.出处：2025 年年报第 91、115 页。
- Capital commitments authorised and contracted for property, plant and equipment, which rose to RM19,373,000 at end FY2025.已获批准并签约的物业、厂房及设备资本承诺，该金额在 2025 财政年度期末升至 RM19,373,000。
Source: annual report 2025, page 133.出处：2025 年年报第 133 页。
- Introduction of wafer testing and system-level testing to support AI and EV applications, which the company noted will take time to reach full scale.引入晶圆测试及系统级测试以支援人工智能和电动汽车应用的进展，公司说明该业务需要时间才能达到全面规模。
Source: annual report 2025, pages 5, 8.出处：2025 年年报第 5、8 页。
- High customer concentration, with three customers contributing RM153,431,000 of revenue and 73% of trade receivables due from three customers.客户集中度高，三大客户贡献 营业额 RM153,431,000，且应收账款的 73% 集中于三大客户。
Source: annual report 2025, pages 139, 141.出处：2025 年年报第 139、141 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。