DailySpaceLeader Steel Holdings Berhad
9881 · Main Market主板（Main Market） · annual reports 2023 to 2025, 1380 entries read2023 至 2025 年报，共读出 1380 条
The company这家公司
Leader Steel Holdings Berhad manufactures and trades steel products and processes and exports minerals such as manganese ore. Steel products are manufactured at facilities in Bukit Tengah and Sarawak, and the group also holds tenanted investment properties.Leader Steel Holdings Berhad 制造并买卖钢铁产品，并加工与出口锰矿等矿产。钢铁产品在位于 Bukit Tengah 和砂拉越的厂房生产，集团还持有已出租的投资产业。
Source: annual report 2023, page 16; annual report 2024, page 13; annual report 2025, page 62.出处：2023 年年报第 16 页；2024 年年报第 13 页；2025 年年报第 62 页。
In 2025, revenue from the steel segment was RM150.2 million and revenue from the mineral segment was RM6.8 million. Steel products are predominantly sold domestically, while mineral products are primarily exported to China. By destination, Malaysia contributed RM150,189,623 of revenue in 2025, and China contributed RM6,845,206.2025 年，钢铁部门的营业额为 RM150.2 million，矿产部门为 RM6.8 million。钢铁产品主要在国内销售，而矿产主要出口至中国。按目的地划分，马来西亚在 2025 年贡献营业额 RM150,189,623，中国贡献 RM6,845,206。
Source: annual report 2023, page 13; annual report 2025, pages 14, 134.出处：2023 年年报第 13 页；2025 年年报第 14、134 页。
In 2025, no single customer contributed more than 20% of total revenue. In 2024, one customer contributed RM48,871,061, which was more than 20% of revenue, whereas in 2023 no customer contributed 10% or more.2025 年，没有任何单一客户贡献超过总营业额的 20%。2024 年，有一位客户贡献了 RM48,871,061，占营业额超过 20%，而在 2023 年没有任何客户贡献达 10% 或以上。
Source: annual report 2023, page 91; annual report 2024, pages 14, 103; annual report 2025, page 18.出处：2023 年年报第 91 页；2024 年年报第 14、103 页；2025 年年报第 18 页。
Bischart Sdn. Bhd. is the largest shareholder, holding 54,035,868 shares (34.92%) in the 2025 report across three accounts of 18,035,868 shares, 18,000,000 shares, and 18,000,000 shares. Pledged accounts in the thirty largest holders include AMSEC Nominees (Tempatan) Sdn. Bhd. for Goh Cheng Huat with 11,847,300 shares (7.36%), Maybank Securities Nominees (Tempatan) Sdn. Bhd. for Tan Ching Ching with 7,430,700 shares (4.62%), Maybank Securities Nominees (Tempatan) Sdn. Bhd. for Ong Huey Peng with 6,488,800 shares (4.03%), and Maybank Nominees (Tempatan) Sdn. Bhd. for Goh Ting Hong with 5,522,900 shares (3.43%).Bischart Sdn. Bhd. 是最大股东，在 2025 年报中通过三个账户分别持有 18,035,868 股、18,000,000 股和 18,000,000 股，合计持有 54,035,868 股（34.92%）。前三十大股东中的质押证券账户包括：AMSEC Nominees (Tempatan) Sdn. Bhd.（Goh Cheng Huat 质押账户）持有 11,847,300 股（7.36%），Maybank Securities Nominees (Tempatan) Sdn. Bhd.（Tan Ching Ching 质押账户）持有 7,430,700 股（4.62%），Maybank Securities Nominees (Tempatan) Sdn. Bhd.（Ong Huey Peng 质押账户）持有 6,488,800 股（4.03%），以及 Maybank Nominees (Tempatan) Sdn. Bhd.（Goh Ting Hong 质押账户）持有 5,522,900 股（3.43%）。
Source: annual report 2025, pages 185, 186.出处：2025 年年报第 185、186 页。
Dato' Goh Cheng Huat is the spouse of Datin Tan Pak Say and father of Ms. Goh Wan Jing. Datin Tan Pak Say is the spouse of Dato' Goh Cheng Huat and mother of Ms. Goh Wan Jing. Ms. Goh Wan Jing is the daughter of Dato' Goh Cheng Huat and Datin Tan Pak Say. Ms. Goh Li Li is a niece of Dato' Goh Cheng Huat and Datin Tan Pak Say and a cousin of Ms. Goh Wan Jing; she resigned on 6 April 2026.Dato’ Goh Cheng Huat 是 Datin Tan Pak Say 的配偶，也是 Ms. Goh Wan Jing 的父亲。Datin Tan Pak Say 是 Dato’ Goh Cheng Huat 的配偶，也是 Ms. Goh Wan Jing 的母亲。Ms. Goh Wan Jing 是 Dato’ Goh Cheng Huat 与 Datin Tan Pak Say 的女儿。Ms. Goh Li Li 是 Dato’ Goh Cheng Huat 和 Datin Tan Pak Say 的侄女，以及 Ms. Goh Wan Jing 的堂表亲；她于 2026 年 4 月 6 日辞职。
Source: annual report 2024, page 20; annual report 2025, pages 23, 24, 27, 107.出处：2024 年年报第 20 页；2025 年年报第 23、24、27、107 页。
On 1 June 2023, Tan Sri Dato' Mohd Desa bin Pachi retired as Chairman and Mr. Lim Leng Han was appointed as Chairman. Encik Mohd Arif bin Mastol retired on 31 May 2023, Datuk Abdullah bin Haji Kuntom retired on 31 December 2023, and Mr. Soon Gim Wooi and Encik Abdull Sukor Bin Ismail were appointed on 1 June 2023. Datuk Dr. Roslan bin A. Ghaffar was appointed to the Board on 27 March 2024.2023 年 6 月 1 日，Tan Sri Dato’ Mohd Desa bin Pachi 退休卸任主席，Mr. Lim Leng Han 获委任为主席。Encik Mohd Arif bin Mastol 于 2023 年 5 月 31 日退休，Datuk Abdullah bin Haji Kuntom 于 2023 年 12 月 31 日退休，Mr. Soon Gim Wooi 与 Encik Abdull Sukor Bin Ismail 于 2023 年 6 月 1 日获委任。Datuk Dr. Roslan bin A. Ghaffar 于 2024 年 3 月 27 日加入董事会。
Source: annual report 2023, pages 20, 23, 30.出处：2023 年年报第 20、23、30 页。
Revenue by segment, 2025 (RM'000)2025 年各部门营业额（千令吉）
Source: annual report 2025, page 13.出处：2025 年年报第 13 页。
Major events大事记
Source: annual report 2023, page 40.出处：2023 年年报第 40 页。
Source: annual report 2023, page 16.出处：2023 年年报第 16 页。
Source: annual report 2023, page 51.出处：2023 年年报第 51 页。
Source: annual report 2023, page 15.出处：2023 年年报第 15 页。
Source: annual report 2024, pages 15, 96.出处：2024 年年报第 15、96 页。
Source: annual report 2024, pages 78, 127.出处：2024 年年报第 78、127 页。
Source: annual report 2025, pages 19, 42.出处：2025 年年报第 19、42 页。
Source: annual report 2025, pages 18, 42.出处：2025 年年报第 18、42 页。
Revenue and profit营业额与盈利
Assets, equity and borrowings资产、权益与借款
20232023 年
In February 2023, the group completed the acquisition of industrial land in Kapar, Selangor. On 27 October 2023, the company implemented a private placement by issuing 20,000,000 new shares at RM0.3718 each, raising approximately RM7.44 million. Property revaluations yielded a gross revaluation increase of RM144,007,778, and fair value gains on investment properties were RM17.26 million. On 8 August 2023, an interim dividend of 1.5 sen per share, amounting to RM2,017,988, was paid.2023 年 2 月，集团完成收购位于雪兰莪加埔（Kapar）的工业土地。2023 年 10 月 27 日，公司通过以每股 RM0.3718 配售 20,000,000 股新股实施了私下配售，筹集约 RM7.44 million。产业重估带来 RM144,007,778 的总重估增值，投资产业公允价值收益为 RM17.26 million。2023 年 8 月 8 日，公司派发每股 1.5 仙的中期股息，总额为 RM2,017,988。
Source: annual report 2023, pages 12, 14, 15, 16, 79.出处：2023 年年报第 12、14、15、16、79 页。
20242024 年
In FYE2024, subsidiary FerroNet accepted the compulsory acquisition of approximately 28,903 square meters of Kapar Land for cash consideration of RM42,558,627, recording a gain of RM12.8 million; proceeds from disposal of property, plant and equipment in the cash flow statement were RM33,240,450. Operating activities generated net cash of RM22,162,970, while purchase of property, plant and equipment took RM15,702,225. A term loan drawdown of RM24,690,000 was received, while short-term borrowing repayments of RM115,566,719 exceeded proceeds of RM91,647,254. On 8 August 2024, an interim dividend of 2 sen per share, amounting to RM3,094,237, was paid. The company repurchased 393,000 ordinary shares for RM209,253, and 592,900 shares were issued under ESOS raising RM267,398.2024 财政年度，子公司 FerroNet 接受加埔土地约 28,903 平方米的强制征用，现金补偿为 RM42,558,627，录得收益 RM12.8 million；现金流量表中处置物业、厂房及设备所得款项为 RM33,240,450。营运活动产生现金净额 RM22,162,970，购置物业、厂房及设备支出 RM15,702,225。提取定期贷款 RM24,690,000，短期借款偿还额 RM115,566,719 超过所得款项 RM91,647,254。2024 年 8 月 8 日，公司派发每股 2 仙的中期股息，总额为 RM3,094,237。公司以 RM209,253 回购了 393,000 股普通股，员工认股权计划下发行 592,900 股募得 RM267,398。
Source: annual report 2024, pages 11, 14, 15, 78, 96, 97.出处：2024 年年报第 11、14、15、78、96、97 页。
20252025 年
In FYE2025, operating activities generated net cash of RM4.2 million, while purchase of property, plant and equipment took RM6,351,039. Financing outflows included repayments of term loans of RM2,484,427, repayments of short-term borrowings of RM3,223,287, and lease liability payments of RM397,506. Total borrowings decreased to RM62.0 million. No dividend was recommended or paid.2025 财政年度，营运活动产生现金净额 RM4.2 million，购置物业、厂房及设备支出 RM6,351,039。融资流出包括偿还定期贷款 RM2,484,427、偿还短期借款 RM3,223,287 以及支付租赁负债 RM397,506。借款总额降至 RM62.0 million。全年未建议亦未派发股息。
Source: annual report 2025, pages 11, 17, 21, 104, 120, 127.出处：2025 年年报第 11、17、21、104、120、127 页。
Across the three years三年合看
Total borrowings declined from RM68.8 million in 2023 to RM67.7 million in 2024 and RM62.0 million in 2025. The debt-to-equity ratio was 0.20 times in the 2023 and 2024 reports; the 2025 report gives 0.21x, improved from 0.25x for 2024. Freehold land and buildings charged to banks for credit facilities stood at RM59,200,000 in 2023, RM59,736,232 in 2024, and RM58,780,079 in 2025, while charged leasehold land stood at RM8,612,295, RM9,075,862, and RM8,751,724. Corporate guarantees provided by the company for credit facilities granted to subsidiaries were RM212,490,000 in 2023, RM212,180,000 in 2024, and RM209,093,750 in 2025.借款总额由 2023 年的 RM68.8 million 降至 2024 年的 RM67.7 million 和 2025 年的 RM62.0 million。2023 及 2024 年报所列债务与权益比率均为 0.20 倍；2025 年报列为 0.21x，较 2024 年的 0.25x 改善。抵押给银行作为信贷便利担保的永久地契土地与建筑物在 2023 年为 RM59,200,000，2024 年为 RM59,736,232，2025 年为 RM58,780,079；抵押的租赁土地分别为 RM8,612,295、RM9,075,862 和 RM8,751,724。公司为子公司信贷便利提供的公司担保在 2023 年为 RM212,490,000，2024 年为 RM212,180,000，2025 年为 RM209,093,750。
Source: annual report 2023, pages 15, 97, 104, 118; annual report 2024, pages 14, 109, 114, 129; annual report 2025, pages 17, 140, 145, 160.出处：2023 年年报第 15、97、104、118 页；2024 年年报第 14、109、114、129 页；2025 年年报第 17、140、145、160 页。
Still to be spent尚未支出的承诺
Capital commitments contracted but not provided for in respect of property, plant and equipment were RM10,485,200 at end 2023, RM7,600,000 at end 2024, and RM Nil at end 2025. The proceeds of RM7,436,000 raised from the private placement in 2023 were fully utilised in 2023.已签约但未拨备的物业、厂房及设备资本承诺在 2023 年底为 RM10,485,200，2024 年底为 RM7,600,000，2025 年底为无（RM Nil）。2023 年私下配售筹集的 RM7,436,000 款项已于 2023 年全额使用。
Source: annual report 2023, pages 39, 122; annual report 2024, page 132; annual report 2025, pages 21, 163.出处：2023 年年报第 39、122 页；2024 年年报第 132 页；2025 年年报第 21、163 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 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 221,789,475 | 192,256,894 | 218,403,751 | 157,034,829 |
| Profit before tax税前盈利（亏损） | 9,075,013 | 23,972,703 | 1,732,979 | (3,501,617) |
| Profit for the financial year年度盈利（亏损） | 6,489,662 | 18,974,730 | 2,232,125 | (2,320,506) |
| Net cash from operating activities营运活动现金流 | – | (32,625,506) | 22,162,970 | 4,201,242 |
| Purchase of property, plant and equipment购置添置物业、厂房及设备 | (9,813,317) | (4,240,907) | (15,702,225) | (6,351,039) |
| Dividend paid已付股息 | – | (2,017,988) | (3,094,237) | 0 |
| Total assets总资产 | 286,085,567 | 465,738,910 | 461,483,914 | 441,960,290 |
| Total equity总权益 | 190,419,830 | 344,441,844 | 343,637,877 | 341,317,371 |
| Borrowings借款 | 61,683,543 | 68,776,465 | 67,743,032 | 62,024,649 |
| Cash and bank balances现金及银行结余 | 30,621,889 | 5,958,742 | 25,261,735 | 14,745,435 |
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 |
|---|---|---|
| Intends to develop remaining Kapar Land for own use, with options to sell or lease parts in the future (2023)计划将剩余的加埔土地用于自身用途，未来亦可能探索出售或出租部分土地（2023） | On 19 March 2026, the group entered into a conditional sale and purchase agreement to dispose of a parcel of freehold industrial land in Kapar for RM136.56 million.2026 年 3 月 19 日，集团订立有条件买卖协议，以 RM136.56 million 出售加埔的一处永久地契工业用地。 Source: annual report 2023, page 16; annual report 2025, pages 11, 19.出处：2023 年年报第 16 页；2025 年年报第 11、19 页。 | Sale agreed conditionally已达成有条件出售协议 |
| Developing an inhouse barcoding solution to address paper-based inventory limitations (2023)开发内部条形码方案以解决纸质库存系统的局限（2023） | Transitioned to barcoding in 2024, and by 2025 the system rollout remained in continuous improvement and optimisation before final full-scale commissioning.2024 年转向条形码系统，到 2025 年系统上线仍处于持续改进与优化阶段，尚未进行最终全面投产。 Source: annual report 2023, page 50; annual report 2024, page 56; annual report 2025, page 65.出处：2023 年年报第 50 页；2024 年年报第 56 页；2025 年年报第 65 页。 | Still in progress仍在推进中 |
| Incorporate comprehensive emissions data into FY2025 report aligned with TCFD recommendations (2023)在 2025 财政年度报告中纳入符合 TCFD 建议的全面排放数据（2023） | Scope 2 electricity data was collected for FY2025 and Scope 1 baseline compilation was initiated; quantitative disclosures were deferred to the FY2026 statement under NSRF / IFRS S1 and S2.2025 财年收集了范围 2 用电数据并启动了范围 1 基准数据编制；量化披露推迟至 2026 财年依据 NSRF / IFRS S1 和 S2 报告。 Source: annual report 2023, page 59; annual report 2025, pages 61, 73.出处：2023 年年报第 59 页；2025 年年报第 61、73 页。 | Partially compiled; deferred to 2026部分编制；推迟至 2026 年 |
| Aim to increase representation of women in leadership positions by 20% within three years (2023)力争在三年内将领导层中的女性比例提高 20%（2023） | Female representation in senior management remained at 20% in both 2024 and 2025, and the 2024 report repeated the same three-year target.2024 年和 2025 年高级管理层中的女性比例均维持在 20%，2024 年报再次重申了同样的三年目标。 Source: annual report 2023, page 54; annual report 2024, pages 29, 67; annual report 2025, page 36.出处：2023 年年报第 54 页；2024 年年报第 29、67 页；2025 年年报第 36 页。 | Unchanged at 20%维持在 20% 未变 |
| Conduct assessment of corruption related risks again in 2024 (2023)将于 2024 年再次进行贪腐相关风险评估（2023） | Conducted a corruption risk assessment across all operations in 2024, noting none was performed in FY2023, and maintained 100% coverage in 2025.2024 年对所有业务开展了贪腐风险评估，指出 2023 财年未进行评估，并于 2025 年维持 100% 覆盖率。 Source: annual report 2023, page 58; annual report 2024, page 71; annual report 2025, page 94.出处：2023 年年报第 58 页；2024 年年报第 71 页；2025 年年报第 94 页。 | Conducted in 2024已于 2024 年执行 |
| Rooftop solar PV system projected to generate an average of 800 MWh annually over first three years (2024)屋顶光伏太阳能系统预计在首三年内平均每年发电 800 MWh（2024） | The system generated an average of approximately 800 MWh annually in 2025.该系统在 2025 年平均每年发电约 800 MWh。 Source: annual report 2024, page 60; annual report 2025, page 68.出处：2024 年年报第 60 页；2025 年年报第 68 页。 | Met target达到目标 |
What the reports leave open年报留下待看的事
- The conditional disposal of Kapar Land for RM136.56 million is subject to approval by non-interested shareholders at an extraordinary general meeting, with completion expected in the second half of 2026; it is deemed a related party transaction and an independent adviser has been appointed.以 RM136.56 million 有条件出售加埔土地须在特大上获得非利害关系股东批准，预计于 2026 年下半年完成；该交易被视为关联方交易，已委任独立顾问。
Source: annual report 2025, pages 11, 19.出处：2025 年年报第 11、19 页。
- Proceeds from the disposal are intended to be applied towards repayment of borrowings, a special dividend to shareholders, working capital requirements, and future business opportunities.出售所得款项拟用于偿还借款、向股东派发特别股息、营运资金需求以及未来业务机会。
Source: annual report 2025, pages 11, 19.出处：2025 年年报第 11、19 页。
- Tensions in the Middle East since February 2026 have increased uncertainty regarding trade routes and bunker fuel and energy prices, with the group noting it is unable to estimate the financial effects.自 2026 年 2 月以来的中东局势升级增加了贸易路线以及船用燃料和能源价格的不确定性，集团指出目前无法估计其财务影响。
Source: annual report 2025, pages 20, 111.出处：2025 年年报第 20、111 页。
- The Mineral Segment, which experienced a 58.8% revenue decline in 2025 to RM6.8 million, is expected to resume regular export activities in 2026 if market conditions permit.矿产部门在 2025 年营业额下降 58.8% 至 RM6.8 million，若市场条件允许，预计将于 2026 年恢复常规出口活动。
Source: annual report 2025, pages 11, 14, 20.出处：2025 年年报第 11、14、20 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。