DailySpaceSEG International Bhd
9792 · Main Market主板（Main Market） · annual reports 2023 to 2025, 2015 entries read2023 至 2025 年报，共读出 2015 条
The company这家公司
SEGi is principally engaged in the provision of educational activities, operating wholly in Malaysia. The group operates SEGi University, SEGi Colleges, and K-12 schools, including Peninsula International School Australia, Peninsula Private School, and Imperial International School. It has also expanded into healthcare services through Urban Healthcare Group, including Traditional Chinese Medicine and dental clinics.SEGi 主要从事教育活动，业务完全在马来西亚运营。该集团运营 SEGi 大学、SEGi 学院以及 K-12 学校，包括 Peninsula 澳大利亚国际学校、Peninsula 私立学校和帝国国际学校。集团还通过 Urban Healthcare Group 拓展至医疗保健服务，包括中医和牙科诊所。
Source: annual report 2023, pages 32, 217; annual report 2024, pages 77, 79, 80, 232; annual report 2025, pages 34, 239.出处：2023 年年报第 32、217 页；2024 年年报第 77、79、80、232 页；2025 年年报第 34、239 页。
The university welcomed students from more than 90 nations, with 40% of its student body comprising international students in 2025. At 31 December 2025, approximately 49% of the group's trade receivables were due from local students, 20% from foreign students, and 23% from PTPTN.2025 年，该大学的学生来自 90 多个国家，其中 40% 的学生为国际学生。截至 2025 年 12 月 31 日，集团应收贸易账款中约 49% 来自本地学生，20% 来自外国学生，23% 来自国家高等教育基金局（PTPTN）。
Source: annual report 2025, pages 46, 236.出处：2025 年年报第 46、236 页。
Tan Sri Clement Hii Chii Kok is the Group Managing Director and the largest shareholder. In the 2025 report's substantial shareholders list, he held 396,694,479 shares directly, representing 32.47%, and was deemed interested in 337,355,822 shares, representing 27.61%, held by EduEdge Equities Sdn Bhd. His shareholdings included pledged securities accounts with MBSB Investment Nominees for 74,968,525 shares (6.14%), RHB Nominees for 50,428,571 shares (4.13%), AllianceGroup Nominees for 48,039,356 shares (3.93%), Maybank Nominees for 35,524,285 shares (2.91%), and AmSec Nominees for 33,962,816 shares (2.78%). EduEdge Equities Sdn Bhd held 337,355,822 shares (27.61%) through Amsec Nominees.Tan Sri Clement Hii Chii Kok 是集团董事经理兼最大股东。在 2025 年报主要股东名单中，他直接持有 396,694,479 股（占 32.47%），并被视作在 EduEdge Equities Sdn Bhd 持有的 337,355,822 股（占 27.61%）中拥有权益。他的持股包括通过抵押证券账户持有的股份：MBSB Investment Nominees 持有 74,968,525 股（6.14%）、RHB Nominees 持有 50,428,571 股（4.13%）、AllianceGroup Nominees 持有 48,039,356 股（3.93%）、Maybank Nominees 持有 35,524,285 股（2.91%）以及 AmSec Nominees 持有 33,962,816 股（2.78%）。EduEdge Equities Sdn Bhd 通过 Amsec Nominees 持有 337,355,822 股（27.61%）。
Source: annual report 2024, page 28; annual report 2025, pages 242, 243.出处：2024 年年报第 28 页；2025 年年报第 242、243 页。
Tan Sri Clement Hii is the father of Datin Adeline Hii Siew Ching, who was appointed as a Non-Independent Non-Executive Director on 15 January 2025. On the same date, Dato' Diong Tak Chong @ Tiong Tak Chong was appointed to the Board. Former Chairman Tan Sri (Dr.) Megat Najmuddin retired in May 2025 and passed away in December 2025, and Tun Md Raus Bin Sharif was appointed as Independent Non-Executive Chairman on 3 June 2025. Board members Dato' Sri Nicholas Rupert Heylett Bloy and Edwin Fua Chye Jin retired on 20 June 2024.Tan Sri Clement Hii 是 Datin Adeline Hii Siew Ching 的父亲，后者于 2025 年 1 月 15 日获委任为非独立非执行董事。同日，Dato' Diong Tak Chong @ Tiong Tak Chong 获委任加入董事会。前主席 Tan Sri (Dr.) Megat Najmuddin 于 2025 年 5 月退休并于 2025 年 12 月逝世，Tun Md Raus Bin Sharif 于 2025 年 6 月 3 日获委任为独立非执行主席。董事会成员 Dato' Sri Nicholas Rupert Heylett Bloy 与 Edwin Fua Chye Jin 于 2024 年 6 月 20 日退休。
Source: annual report 2024, pages 20, 28, 121, 122; annual report 2025, pages 12, 13, 14, 22, 35, 139.出处：2024 年年报第 20、28、121、122 页；2025 年年报第 12、13、14、22、35、139 页。
Revenue by type of services and income, 20252025 年按业务与收入类别划分的营业额
Source: annual report 2025, page 184.出处：2025 年年报第 184 页。
Major events大事记
Source: annual report 2023, page 217.出处：2023 年年报第 217 页。
Source: annual report 2023, pages 9, 11, 12, 15, 16, 18, 19.出处：2023 年年报第 9、11、12、15、16、18、19 页。
Source: annual report 2023, page 32.出处：2023 年年报第 32 页。
Source: annual report 2024, pages 121, 122.出处：2024 年年报第 121、122 页。
Source: annual report 2024, page 135.出处：2024 年年报第 135 页。
Source: annual report 2024, pages 20, 28.出处：2024 年年报第 20、28 页。
Source: annual report 2025, pages 12, 35.出处：2025 年年报第 12、35 页。
Source: annual report 2025, pages 138, 224.出处：2025 年年报第 138、224 页。
Revenue and profit before tax营业额与税前盈利
Total equity and total borrowings总权益与总借款
Cash and borrowings现金与借款
20232023 年
In 2023, revenue was RM186.5 million and profit before taxation was RM10.3 million, a decrease of 13% and 77% compared to 2022. An interim single-tier dividend of RM0.013 per share amounting to RM15,906,451 was paid on 18 August 2023. The company repurchased 1,428,000 shares from the open market for RM937,038. Total borrowings rose from RM15.6 million to RM31.1 million. The group paid dividends of RM40.4 million and spent RM17.0 million on property, plant and equipment, while net cash used in financing activities was RM49.3 million.2023 年，营业额为 RM186.5 million，税前盈利为 RM10.3 million，分别比 2022 年减少 13% 和 77%。2023 年 8 月 18 日派发了每股 RM0.013 的单层中期股息，总额为 RM15,906,451。公司在公开市场以 RM937,038 回购了 1,428,000 股股份。总借款从 RM15.6 million 增至 RM31.1 million。集团支付了 RM40.4 million 股息，并在物业、厂房及设备上支出了 RM17.0 million，而融资活动所用现金净额为 RM49.3 million。
Source: annual report 2023, pages 31, 32, 128, 146, 200.出处：2023 年年报第 31、32、128、146、200 页。
20242024 年
In 2024, revenue was RM192.7 million and profit before taxation was RM5.5 million, a 46% decline from the previous year. An interim dividend of 1.0 sen per share amounting to RM12.2 million was paid on 30 August 2024, and another interim dividend of 1.0 sen per share amounting to RM12.2 million was paid on 20 February 2025. The company repurchased 700,000 shares for RM458,000. Total borrowings reached RM37.9 million, while lease liabilities stood at RM185.6 million. Property, plant and equipment purchases took RM14.5 million, and financing cash outflows were RM36.8 million.2024 年，营业额为 RM192.7 million，税前盈利为 RM5.5 million，比上年下降 46%。2024 年 8 月 30 日派发了每股 1.0 仙的中期股息，金额为 RM12.2 million，另于 2025 年 2 月 20 日派发了每股 1.0 仙的中期股息，金额为 RM12.2 million。公司以 RM458,000 回购了 700,000 股股份。总借款达到 RM37.9 million，而租赁负债为 RM185.6 million。物业、厂房及设备采购支出 RM14.5 million，融资活动现金流出 RM36.8 million。
Source: annual report 2024, pages 39, 139, 158, 213, 216; annual report 2025, page 157.出处：2024 年年报第 39、139、158、213、216 页；2025 年年报第 157 页。
20252025 年
In 2025, revenue increased 7.6% to RM207.5 million, while profit before taxation rose 87.3% to RM10.3 million. Two interim single-tier dividends totalling 1.8 sen per share amounting to RM22.0 million were declared, with RM22.0 million paid in dividends during the year. On 17 December 2025, the company allotted a bonus issue of 610,936,417 free warrants on the basis of one warrant for every two shares held. Cash generated from operations was RM44.2 million. Property, plant and equipment purchases took RM9.2 million and intangible asset acquisitions used RM3,441,000. Total borrowings rose to RM54.8 million, including bank overdrafts of RM30,182,000.2025 年，营业额增长 7.6% 至 RM207.5 million，而税前盈利增长 87.3% 至 RM10.3 million。公司宣布派发两期单层中期股息共计每股 1.8 仙，金额为 RM22.0 million，年内已支付股息为 RM22.0 million。2025 年 12 月 17 日，公司按每持有两股获配一份凭单的比例配发了 610,936,417 份免费凭单。营运所得现金为 RM44.2 million。购买物业、厂房及设备支出 RM9.2 million，无形资产收购支出 RM3,441,000。总借款增至 RM54.8 million，包括银行透支 RM30,182,000。
Source: annual report 2025, pages 33, 34, 135, 138, 157.出处：2025 年年报第 33、34、135、138、157 页。
Across the three years三年合看
In each annual report, current liabilities exceeded current assets. Contract liabilities from fees received in advance for educational services rose from RM30,765,000 at end 2023 to RM41,956,000 in 2024 and RM56,672,000 in 2025. Lease liabilities were RM161,771,000 in 2023 and RM185,594,000 in 2024. The company's 10-year Long Term Incentive Plan implemented on 1 July 2014 expired on 30 June 2024, and all outstanding options lapsed.在每份年报中，流动负债均超过流动资产。预收教育服务学费产生的合同负债从 2023 年底的 RM30,765,000 增至 2024 年的 RM41,956,000 及 2025 年的 RM56,672,000。租赁负债在 2023 年为 RM161,771,000，2024 年为 RM185,594,000。公司于 2014 年 7 月 1 日实施的 10 年长期激励计划于 2024 年 6 月 30 日到期，所有未行使期权均已失效。
Source: annual report 2023, pages 131, 170, 202; annual report 2024, pages 135, 143, 173, 181, 216; annual report 2025, pages 142, 212, 223.出处：2023 年年报第 131、170、202 页；2024 年年报第 135、143、173、181、216 页；2025 年年报第 142、212、223 页。
Still to be spent尚未支出的承诺
Capital commitments approved and contracted for property, plant and equipment and intangible assets were RM4,424,000 at 31 December 2025, compared to RM8,622,000 in 2024 and RM6,158,000 in 2023. At year end 2025, the group had undrawn overdraft facilities of RM4,717,000, revolving credit facilities of RM14,500,000, and term loan facilities of RM9,889,000.截至 2025 年 12 月 31 日，已批准并签约的物业、厂房及设备以及无形资产资本承诺为 RM4,424,000，而 2024 年为 RM8,622,000，2023 年为 RM6,158,000。截至 2025 年底，集团拥有未提取的银行透支额度 RM4,717,000、循环信贷额度 RM14,500,000 以及定期贷款额度 RM9,889,000。
Source: annual report 2023, page 209; annual report 2024, page 223; annual report 2025, pages 220, 229.出处：2023 年年报第 209 页；2024 年年报第 223 页；2025 年年报第 220、229 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 | 213,939 | 186,455 | 192,742 | 207,466 |
| Profit before tax税前盈利 | 45,338 | 10,258 | 5,515 | 10,332 |
| Total equity and liabilities权益与负债总额 | 375,309 | 412,005 | 452,487 | 468,129 |
| Total equity总权益 | 126,877 | 122,297 | 115,562 | 102,728 |
| Total liabilities总负债 | 248,432 | 289,708 | 336,925 | 365,401 |
| Total borrowings总借款 | 15,598 | 31,146 | 37,856 | 54,782 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (2,927) | (16,961) | (14,491) | (9,179) |
| Dividend paid已付股息 | (49,037) | (40,386) | (12,219) | (21,994) |
| Cash and bank balances现金与银行结余 | 75,629 | 47,654 | 55,688 | 57,663 |
| Net cash used in financing activities融资活动所用现金净额 | (80,781) | (49,348) | (36,834) | (47,390) |
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 |
|---|---|---|
| Graduation of leadership training cohort expected in the first quarter of 2024领导力培训学员预计将于 2024 年第一季度毕业 | The 2024 report states that the graduation took place in the second quarter of 2024.2024 年报载明毕业典礼于 2024 年第二季度举行。 Source: annual report 2023, page 100; annual report 2024, page 113.出处：2023 年年报第 100 页；2024 年年报第 113 页。 | Completed later than said晚于预期完成 |
| To roll out virtual general meetings to encourage shareholder participation推行虚拟股东大会以鼓励股东参与 | The 2024 annual general meeting was conducted virtually, but following regulatory directives requiring physical or hybrid meetings from 1 March 2025, the 2025 meeting was held physically.2024 年股东常年大会以线上虚拟形式召开，但在监管指令要求自 2025 年 3 月 1 日起举行实体或混合大会后，2025 年大会转为实体召开。 Source: annual report 2023, pages 79, 226; annual report 2024, page 121; annual report 2025, page 119.出处：2023 年年报第 79、226 页；2024 年年报第 121 页；2025 年年报第 119 页。 | Carried out, then reverted to physical meetings under directive已执行，后依指引转回实体会议 |
| Target to reduce building energy use by 8% by 2027 using 2018 as benchmark设定以 2018 年为基准，在 2027 年前将建筑用电量减少 8% 的目标 | In 2025, SEGi University recorded total energy consumption 28.35% lower compared to 2018.2025 年，SEGi 大学的总能源消耗较 2018 年降低了 28.35%。 Source: annual report 2023, page 82; annual report 2025, page 85.出处：2023 年年报第 82 页；2025 年年报第 85 页。 | Target met at university level大学层面已达标 |
| Target to reduce water consumption by 8% by 2027 using 2018 as benchmark设定以 2018 年为基准，在 2027 年前将用水量减少 8% 的目标 | In 2024, water usage increased by 0.6% compared to 2018, with the increase attributed to water leakages in certain campus structures. For SEGi University, total water consumption in 2025 was 47% lower compared to 2018.2024 年用水量较 2018 年增加 0.6%，该增加归因于某些校园结构漏水。2025 年 SEGi 大学的总用水量较 2018 年减少了 47%。 Source: annual report 2023, page 82; annual report 2024, page 94; annual report 2025, page 85.出处：2023 年年报第 82 页；2024 年年报第 94 页；2025 年年报第 85 页。 | Mixed progress across group and university集团与大学层面进展各异 |
| Plans to set up a veterinary hospital, veterinary clinics, and dental clinics计划设立兽医医院、兽医诊所和牙科诊所 | The group began managing Zul Erwan UniVet Pets Clinic, opened Urban Dental Clinic at DC Mall, and entered a 12-year finance lease for a veterinary centre premises.集团开始管理 Zul Erwan UniVet Pets Clinic，在 DC Mall 开设 Urban Dental Clinic，并就兽医中心物业订立了 12 年的融资租赁。 Source: annual report 2024, page 40; annual report 2025, pages 40, 213.出处：2024 年年报第 40 页；2025 年年报第 40、213 页。 | Partly carried out部分执行 |
| Virtual learning platform SEGi UniVerse planned for launch in March 2025计划于 2025 年 3 月推出元宇宙虚拟学习平台 SEGi UniVerse | SEGi UniVerse was launched in March 2025, complemented by the establishment of SEGi Regional UniHubs across 15 countries and 30 cities.SEGi UniVerse 于 2025 年 3 月推出，并辅以在 15 个国家 30 个城市设立的 SEGi 区域 UniHubs。 Source: annual report 2024, page 40; annual report 2025, pages 34, 39.出处：2024 年年报第 40 页；2025 年年报第 34、39 页。 | Carried out已执行 |
What the reports leave open年报留下待看的事
- Current liabilities exceeded current assets at 31 December 2025, with net debts of RM242,234,000 and total borrowings of RM54,782,000, including bank overdrafts of RM30,182,000.截至 2025 年 12 月 31 日，流动负债超过流动资产，净债务为 RM242,234,000，总借款为 RM54,782,000，其中银行透支为 RM30,182,000。
Source: annual report 2025, pages 135, 142, 239.出处：2025 年年报第 135、142、239 页。
- The healthcare initiatives, including Traditional Chinese Medicine and aesthetic dental care, are at an early stage and are expected to require a gestation period before contributing meaningfully.包括中医和美学牙科护理在内的医疗保健举措尚处于早期阶段，预计在带来有意义的贡献之前需要一段酝酿期。
Source: annual report 2025, page 34.出处：2025 年年报第 34 页。
- Bonus issue of 610,936,417 warrants allotted on 17 December 2025 are exercisable at RM0.50 each from 17 December 2027 to 16 December 2033, within an eight-year tenure from issue.2025 年 12 月 17 日配发的 610,936,417 份红股凭单，可于 2027 年 12 月 17 日至 2033 年 12 月 16 日期间以每份 RM0.50 行使（凭单自发行起年期为八年）。
Source: annual report 2025, page 138.出处：2025 年年报第 138 页。
- Impairment assessments for SEGi College Subang Jaya and Imperial Education (Ipoh) are sensitive to revenue assumptions, where a reduction of more than 2.73% and 2.23% in forecasted annual growth rates would result in impairment.SEGi 梳邦再也学院与帝国教育（怡保）的减值评估对收入假设较为敏感，若预测年增长率分别下降超过 2.73% 和 2.23%，将导致减值。
Source: annual report 2025, page 201.出处：2025 年年报第 201 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。