DailySpaceParagon Union Berhad
9407 · Main Market主板（Main Market） · annual reports 2022 to 2025, 1114 entries read2022 至 2025 年报，共读出 1114 条
The company这家公司
Paragon Union Berhad manufactures car carpets and automotive components, and manufactures and distributes commercial carpets. In 2023 it diversified into metal recycling through subsidiary Paragon Metal Sdn Bhd, trading recycled aluminium and carbon products. On 30 December 2024 it acquired a 51% interest in Metahub Industries Sdn Bhd, entering the recovery and reprocessing of precious metals and industrial wastewater treatment. On 10 September 2025 the group entered into an agreement to dispose of its automotive business subsidiary Paragon Car Carpets & Components Sdn Bhd.Paragon Union Berhad 生产汽车地毯与汽车组件，并制造与分销商业地毯。2023 年，集团通过子公司 Paragon Metal Sdn Bhd 进军金属回收业务，从事再生铝与碳产品的贸易。2024 年 12 月 30 日，集团收购 Metahub Industries Sdn Bhd 51% 股权，进入贵金属回收与再加工以及工业废水处理领域。2025 年 9 月 10 日，集团签订协议脱售其汽车业务子公司 Paragon Car Carpets & Components Sdn Bhd。
Source: annual report 2022, page 13; annual report 2025, pages 11, 73, 88.出处：2022 年年报第 13 页；2025 年年报第 11、73、88 页。
For the 18-month financial period ended 30 June 2025, three automotive customers accounted for RM49.3 million of revenue, comprising Customer A at RM26.5 million, Customer B at RM10.9 million and Customer C at RM11.9 million.截至 2025 年 6 月 30 日止 18 个月财政期间，三家汽车客户贡献 RM49.3 million 营业额，包括客户 A RM26.5 million、客户 B RM10.9 million 与客户 C RM11.9 million。
Source: annual report 2025, pages 117, 131.出处：2025 年年报第 117、131 页。
In the 2025 report's shareholder list, AKK Capital Sdn Bhd held 39,979,794 shares (39.54%) and Incredible Ark Sdn Bhd held 10,033,899 shares (9.92%). Pledged securities accounts included HLB Nominees (Tempatan) Sdn Bhd for Koon Hoi Chun with 1,542,300 shares (1.53%) and AMSEC Nominees (Tempatan) Sdn Bhd for Sim Ah Seng with 2,070,000 shares (2.05%). Koon Hon Hoong was appointed to the board on 1 October 2025.在 2025 年报股东名单中，AKK Capital Sdn Bhd 持有 39,979,794 股（39.54%），Incredible Ark Sdn Bhd 持有 10,033,899 股（9.92%）。抵押证券账户包括 HLB Nominees (Tempatan) Sdn Bhd 押记 Koon Hoi Chun 的 1,542,300 股（1.53%）以及 AMSEC Nominees (Tempatan) Sdn Bhd 押记 Sim Ah Seng 的 2,070,000 股（2.05%）。Koon Hon Hoong 于 2025 年 10 月 1 日获委任进入董事会。
Source: annual report 2025, pages 9, 17, 81, 82.出处：2025 年年报第 9、17、81、82 页。
Koon Hoi Chun was redesignated from Executive Chairman cum Managing Director to Executive Chairman on 14 March 2022, and Wong Ee-Coln was appointed Managing Director on the same date. Tan Vei Teck was redesignated from Independent Non-Executive Director to Executive Director on 1 April 2023. Tong Siut Moi resigned on 31 August 2025. Koon Hon Hoong was appointed Non-Independent Non-Executive Director on 1 October 2025.2022 年 3 月 14 日，Koon Hoi Chun 由执行主席兼董事总经理调任为执行主席，Wong Ee-Coln 于同日获委任为董事总经理。2023 年 4 月 1 日，Tan Vei Teck 由独立非执行董事调任为执行董事。Tong Siut Moi 于 2025 年 8 月 31 日辞职。Koon Hon Hoong 于 2025 年 10 月 1 日获委任为非独立非执行董事。
Source: annual report 2022, page 14; annual report 2025, page 9.出处：2022 年年报第 14 页；2025 年年报第 9 页。
Revenue by segment, 20232023 年各部门营业额占比
Source: annual report 2023, page 102.出处：2023 年年报第 102 页。
Major events大事记
Source: annual report 2022, page 19.出处：2022 年年报第 19 页。
Source: annual report 2022, page 77; annual report 2023, page 21.出处：2022 年年报第 77 页；2023 年年报第 21 页。
Source: annual report 2023, pages 8, 21.出处：2023 年年报第 8、21 页。
Source: annual report 2025, pages 11, 88.出处：2025 年年报第 11、88 页。
Source: annual report 2025, pages 20, 88.出处：2025 年年报第 20、88 页。
Revenue and profit before tax营业额与税前盈利
Assets, equity and borrowings资产、权益与借款
20222022 年
In 2022, purchase of property, plant and equipment took RM1,376,535. The company resold 851,740 treasury shares for RM1,109,821 at prices ranging from RM1.23 to RM1.50. Net drawdown of borrowings was RM301,591 and repayment of lease liabilities was RM480,963. Bank borrowings stood at RM18,678,904 and net bank borrowings were RM18,067,499. No dividend was proposed or declared.2022 年，购买物业、厂房与设备支出 RM1,376,535。公司以每股 RM1.23 至 RM1.50 的价格转售了 851,740 股库存股，获得 RM1,109,821。借款净提取 RM301,591，偿还租赁负债 RM480,963。银行借款为 RM18,678,904，银行净借款为 RM18,067,499。未建议或宣布派发股息。
Source: annual report 2022, pages 20, 43, 50, 51, 86, 98.出处：2022 年年报第 20、43、50、51、86、98 页。
20232023 年
In 2023, proceeds from disposal of property, plant and equipment brought RM15,533,217, while purchase of property, plant and equipment took RM2,014,611. The group repaid borrowings of RM6,532,293 net and paid interest of RM960,836, while lease liabilities had a drawdown of RM473,885. Total borrowings declined to RM10,217,820. A revaluation surplus on lands and buildings of RM43,789,707 was recorded in other comprehensive income. No dividend was proposed or declared.2023 年，脱售物业、厂房与设备所得款项为 RM15,533,217，购买物业、厂房与设备支出 RM2,014,611。集团净偿还借款 RM6,532,293，支付利息 RM960,836，租赁负债提取 RM473,885。总借款降至 RM10,217,820。土地与建筑物的重估盈余 RM43,789,707 计入其他全面收益。未建议或宣布派发股息。
Source: annual report 2023, pages 23, 66, 68, 99.出处：2023 年年报第 23、66、68、99 页。
20252025 年
In the 18-month period ended 30 June 2025, the group acquired a 51% interest in Metahub Industries Sdn Bhd for RM44.43 million, satisfied by issuing 17,288,136 shares at RM2.57 per share. Purchase of property, plant and equipment took RM2.7 million. Net cash inflows on the acquisition were RM1.9 million. Cash outflows for leases were RM790,000 and interest paid was RM1.5 million. No dividend was proposed or declared.截至 2025 年 6 月 30 日止 18 个月期间，集团以 RM44.43 million 收购 Metahub Industries Sdn Bhd 51% 股权，通过按每股 RM2.57 发行 17,288,136 股支付。购买物业、厂房与设备支出 RM2.7 million。收购子公司带来的现金流入净额为 RM1.9 million。租赁现金流出为 RM790,000，已付利息为 RM1.5 million。未建议或宣布派发股息。
Source: annual report 2025, pages 22, 86, 93, 94, 107, 113, 134.出处：2025 年年报第 22、86、93、94、107、113、134 页。
Across the three reports三份年报合看
Across the three reports, no dividend was proposed or declared for 2022, 2023 or the 18-month period to 30 June 2025. Total borrowings fell from RM18,678,904 at end 2022 to RM10,217,820 at end 2023. In 2023, proceeds from disposal of property, plant and equipment were RM15,533,217, with a gain on disposal of RM11,453,671, while in 2024 the group expanded into recycling by issuing 17,288,136 shares at RM2.57 per share to acquire 51% of Metahub Industries Sdn Bhd.三份年报合看，2022 年、2023 年及截至 2025 年 6 月 30 日止 18 个月期间均未建议或宣布派发股息。总借款由 2022 年底的 RM18,678,904 降至 2023 年底的 RM10,217,820。2023 年，脱售物业、厂房与设备所得款项为 RM15,533,217，脱售收益为 RM11,453,671；2024 年，集团通过按每股 RM2.57 发行 17,288,136 股收购 Metahub Industries Sdn Bhd 51% 股权进军回收领域。
Source: annual report 2022, pages 20, 98; annual report 2023, pages 23, 68, 99, 102; annual report 2025, pages 22, 86, 107, 134.出处：2022 年年报第 20、98 页；2023 年年报第 23、68、99、102 页；2025 年年报第 22、86、107、134 页。
Still to be spent尚未支出的承诺
At 30 June 2025, future lease payments for non-cancellable lease contracts were RM476,000 within one year and RM380,000 within five years. There were no proceeds raised from any corporate proposal during the financial period ended 30 June 2025.截至 2025 年 6 月 30 日，不可撤销租赁合同的未来租赁付款额为一年以内 RM476,000 及五年以内 RM380,000。截至 2025 年 6 月 30 日止财政期间未从任何企业提案中募集款项。
Source: annual report 2025, pages 70, 129.出处：2025 年年报第 70、129 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 | 2021 | 2022 | 2023 | 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 | 40,445 | 60,956 | 91,667 | 111,139 |
| (Loss)/Profit before tax税前（亏损）/盈利 | – | – | 9,253 | (3,028) |
| Total assets总资产 | 67,771 | 66,107 | 107,834 | 198,709 |
| Total equity总权益 | 39,369 | 34,789 | 76,560 | 144,533 |
| Total liabilities总负债 | – | 32,361 | 32,389 | 54,176 |
| Loans and borrowings贷款与借款 | – | 19,125 | 11,137 | 20,460 |
| Non-current loans and borrowings非流动贷款与借款 | – | 9,892 | 5,643 | 9,148 |
| Current loans and borrowings流动贷款与借款 | – | 9,233 | 5,494 | 11,312 |
| Cash and bank balances现金与银行结余 | – | – | 1,223 | 6,879 |
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 |
|---|---|---|
| To invest in new machinery and automation to enhance production capacity and efficiency (2022)投资新机械与自动化设备以提升产能与效率（2022） | Invested more than RM2 million in new equipment and machinery in 2023, with further upgrades in commercial carpet machinery planned in 2025.2023 年在新设备与机械上投资超过 RM2 million，2025 年进一步计划升级商业地毯机械。 Source: annual report 2022, page 18; annual report 2023, page 22; annual report 2025, page 20.出处：2022 年年报第 18 页；2023 年年报第 22 页；2025 年年报第 20 页。 | Carried out已执行 |
| Group initiated metal recycling business and foresaw the division to achieve improvement in revenue in the year ahead (2022)集团开展金属回收业务，预见该部门在未来一年营业额将取得改善（2022） | The recycling division generated revenue of RM32.50 million in 2023, and the group acquired 51% of Metahub Industries on 30 December 2024 to enter upstream recycling.回收部门在 2023 年产生 RM32.50 million 营业额，集团随后于 2024 年 12 月 30 日收购 Metahub Industries 51% 股权进入上游回收。 Source: annual report 2022, pages 18, 20; annual report 2023, page 22; annual report 2025, page 20.出处：2022 年年报第 18、20 页；2023 年年报第 22 页；2025 年年报第 20 页。 | Revenue generated产生营业额 |
| Acquisition of the hand-tufted carpets business and operation of Carpet Art Manufacturing Sdn Bhd foreseen to contribute positively to commercial carpets upon completion (2023)预见收购 Carpet Art Manufacturing Sdn Bhd 手工地毯业务与营运完成后将对商业地毯部门作出正面贡献（2023） | The asset purchase by subsidiary Paragon Carpet Art Sdn Bhd was completed on 5 June 2024.子公司 Paragon Carpet Art Sdn Bhd 购买资产于 2024 年 6 月 5 日完成。 Source: annual report 2023, pages 21, 22; annual report 2025, page 88.出处：2023 年年报第 21、22 页；2025 年年报第 88 页。 | Acquisition completed收购完成 |
| Budgeted to replace another fossil fuel-operated forklift with a battery-operated forklift in 2024 and replace all in the near future (2023)编列预算于 2024 年再以电池叉车替换一台化石燃料叉车，并在不久的将来替换所有叉车（2023） | The 2025 report states replacing fossil fuel-powered forklifts remains an ongoing initiative to reduce LPG usage.2025 年年报指出替换化石燃料叉车仍是一项持续推进的计划以降低 LPG 消耗。 Source: annual report 2023, page 29; annual report 2025, page 47.出处：2023 年年报第 29 页；2025 年年报第 47 页。 | Still in progress仍在进行 |
| To fill the Audit Committee vacancy within three months following redesignation of a director on 1 April 2023 (2022)在一名董事于 2023 年 4 月 1 日调任后三个月内填补审计委员会空缺（2022） | Koh Huey Min and Teo Siang Ly were appointed Independent Non-Executive Directors on 1 April 2023 and 30 June 2023 respectively.Koh Huey Min 与 Teo Siang Ly 分别于 2023 年 4 月 1 日及 2023 年 6 月 30 日获委任为独立非执行董事。 Source: annual report 2022, page 35; annual report 2023, pages 17, 18.出处：2022 年年报第 35 页；2023 年年报第 17、18 页。 | Board appointments made已委任新董事 |
What the reports leave open年报留下待看的事
- The disposal of 100% of Paragon Car Carpets & Components Sdn Bhd to Oceancash Pacific Berhad, announced on 10 September 2025 with circular issued on 17 October 2025, anticipated to complete by June 2026.向 Oceancash Pacific Berhad 脱售 Paragon Car Carpets & Components Sdn Bhd 100% 股权一事，于 2025 年 9 月 10 日宣布且通告于 2025 年 10 月 17 日发出，预计将于 2026 年 6 月前完成。
Source: annual report 2025, pages 22, 88.出处：2025 年年报第 22、88 页。
- Consolidation of 12 months of financial performance from 51% owned Metahub Industries Sdn Bhd in the financial year ending 30 June 2026, following 6 months consolidated in 2025.持股 51% 的 Metahub Industries Sdn Bhd 在 2025 年合并了 6 个月财务数据后，在截至 2026 年 6 月 30 日止财政年度将合并 12 个月的财务表现。
Source: annual report 2025, pages 20, 22.出处：2025 年年报第 20、22 页。
- At 30 June 2025, the company's current liabilities exceeded its current assets by RM511,000.截至 2025 年 6 月 30 日，公司的流动负债超出其流动资产 RM511,000。
Source: annual report 2025, page 126.出处：2025 年年报第 126 页。
- One non-compliance incident was recorded during the period regarding two premises in trial operations following relocation, for which an official appeal was submitted.期间记录了一起与搬迁后处于试营运阶段的两处场所有关的不合规事件，公司已提交正式申诉。
Source: annual report 2025, page 44.出处：2025 年年报第 44 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。