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

UCrest Berhad

0005 · ACE Market创业板(ACE Market) · annual reports 2023 to 2025, 251 entries read2023 至 2025 年报,共读出 251 条

Revenue, 20252025 年营业额RM18.1m1.81千万令吉up 10.1% from比 2024 年增加 10.1%,当年为 RM16.5m1.65千万令吉 in 2024
Profit/(Loss) for the financial year, 20252025 年年度盈利/(亏损)RM4.73m473万令吉up 3.0% from比 2024 年增加 3.0%,当年为 RM4.59m459万令吉 in 2024
Cash and bank balances, 20252025 年现金与银行结余RM8.91m891万令吉up 53.4% from比 2024 年增加 53.4%,当年为 RM5.81m581万令吉 in 2024
Total equity, 20252025 年总权益RM44.3m4.43千万令吉up 4.4% from比 2024 年增加 4.4%,当年为 RM42.4m4.24千万令吉 in 2024

The company这家公司

UCrest is a mobile healthcare services provider whose flagship product is iMedic, a digital hospital platform that contributes the bulk of revenue alongside customization and maintenance services.UCrest 是一家移动医疗服务提供商,其旗舰产品为 iMedic 数字医院平台,贡献了大部分营业额,其余来自平台的定制与维护服务。

Source: annual report 2023, pages 12, 106; annual report 2025, page 14.出处:2023 年年报第 12、106 页;2025 年年报第 14 页。

In 2025, international operations generated almost all revenue, with Singapore bringing RM18,060,194 and Malaysia bringing RM57,567; a single customer accounted for RM13,848,751 or 76% of total revenue.2025 年,国际业务几乎贡献了全部营业额,其中新加坡贡献 RM18,060,194,马来西亚贡献 RM57,567;单一客户占 RM13,848,751,即总营业额的 76%。

Source: annual report 2025, pages 63, 124.出处:2025 年年报第 63、124 页。

Managing Director Eg Kah Yee holds 89,271,427 shares (12.001% in 2025) and also serves as Chairman; his brother Eg Kaa Chee sits on the board as a non-independent non-executive director.董事总经理 Eg Kah Yee 持有 89,271,427 股(2025 年占 12.001%)并兼任主席;其兄弟 Eg Kaa Chee 以非独立非执行董事身份留任董事会。

Source: annual report 2024, page 18; annual report 2025, pages 4, 140.出处:2024 年年报第 18 页;2025 年年报第 4、140 页。

The group carries out recurrent related party transactions with United Crest Healthcare Pte Ltd, connected to See Lee Ming and Jonathan Chuan Jack Eg, amounting to RM13,848,751 in 2025 for IP licensing, software and hardware sales. This is the same amount as the revenue from the single customer above.集团与关联人士 See Lee Ming 及 Jonathan Chuan Jack Eg 有关连的 United Crest Healthcare Pte Ltd 进行经常性关联交易,2025 年金额为 RM13,848,751,涵盖知识产权许可、软件及硬件销售。这与上述单一客户带来的营业额是同一数额。

Source: annual report 2025, page 48.出处:2025 年年报第 48 页。

Messrs UHY Malaysia resigned as auditors on 22 April 2025 and Morison LC PLT was appointed as auditor for the financial year ended 31 May 2025, while the nomination committee sought a replacement for director Ms Chuan Tsui Ju.Messrs UHY Malaysia 于 2025 年 4 月 22 日辞去审计师职务,Morison LC PLT 被委任接任截至 2025 年 5 月 31 日止财政年度的审计师,提名委员会亦在寻找董事 Ms Chuan Tsui Ju 的接替人选。

Source: annual report 2025, pages 29, 32.出处:2025 年年报第 29、32 页。

Revenue by country, 20252025 年各国家/地区营业额占比

Singapore: 99.7%Malaysia: 0.3%
Singapore 99.7%新加坡 99.7%Malaysia 0.3%马来西亚 0.3%

Source: annual report 2025, page 124.出处:2025 年年报第 124 页。

Major events大事记

2022Signed a Service Level Agreement on 20 July 2022 with Malaysian Genomic Resources Centre Berhad to integrate genome services into iMedic.于 2022 年 7 月 20 日与 Malaysian Genomic Resources Centre Berhad 签署服务层级协议,将基因组服务整合入 iMedic。

Source: annual report 2023, page 140.出处:2023 年年报第 140 页。

2022Entered into a Healthcare Cloud Deal on 19 December 2022 valued at over RM1.25 million with K Company.于 2022 年 12 月 19 日与 K Company 签署价值超过 RM1.25 million 的医疗云协议。

Source: annual report 2023, page 140.出处:2023 年年报第 140 页。

2024Entered Business Partnership Agreements in March and April 2024 with Mediprima Healthcare, StayOnline Ltd and MDC Asia Link Berhad.于 2024 年 3 月与 4 月分别与 Mediprima Healthcare、StayOnline Ltd 及 MDC Asia Link Berhad 签署业务伙伴协议。

Source: annual report 2024, pages 130, 131.出处:2024 年年报第 130、131 页。

2024Launched iMedic Optics on 18 June 2024 and signed a distribution agreement on 3 July 2024 with Seecure Holding Corporation.于 2024 年 6 月 18 日推出 iMedic Optics,并于 2024 年 7 月 3 日与 Seecure Holding Corporation 签署分销协议。

Source: annual report 2024, page 131.出处:2024 年年报第 131 页。

2024Signed a Partnership Agreement on 14 October 2024 with Singapore Paincare Holdings Limited for AI-powered digital transformation.于 2024 年 10 月 14 日与 Singapore Paincare Holdings Limited 签署合作协议,推行人工智能数字化转型。

Source: annual report 2025, page 135.出处:2025 年年报第 135 页。

Revenue and profit/loss营业额与盈利/亏损

Revenue营业额
2022
RM12.3m1.23千万令吉
2023
RM13.6m1.36千万令吉
2024
RM16.5m1.65千万令吉
2025
RM18.1m1.81千万令吉
Profit/(Loss) before taxation税前盈利/(亏损)
2022
–RM35.1m–3.51千万令吉
2023
RM0.10m10万令吉
2024
RM4.59m459万令吉
2025
RM4.77m477万令吉
Profit/(Loss) for the financial year年度盈利/(亏损)
2022
–RM6.90m–690万令吉
2023
RM0.10m10万令吉
2024
RM4.59m459万令吉
2025
RM4.73m473万令吉

Cash balances and total equity现金结余与总权益

Cash and bank balances现金与银行结余
2022
RM11.4m1.14千万令吉
2023
RM5.47m547万令吉
2024
RM5.81m581万令吉
2025
RM8.91m891万令吉
Fixed deposits with licensed banks持牌银行定期存款
2022
RM4.05m405万令吉
2023
RM12.2m1.22千万令吉
2024
RM13.3m1.33千万令吉
2025
RM8.63m863万令吉
Total equity总权益
2022
RM25.4m2.54千万令吉
2023
RM32.5m3.25千万令吉
2024
RM42.4m4.24千万令吉
2025
RM44.3m4.43千万令吉

20232023 年

The company increased its share capital from 621,877,450 units to 691,877,450 units through ESOS options exercised at RM0.0628 each, and 42,700,000 new shares were issued under a private placement. A reversal of impairment losses on trade receivables of RM3,391,109 was recognized.公司在按每股 RM0.0628 行使 ESOS 选项后,股份由 621,877,450 股增至 691,877,450 股;另通过私下配售发行了 42,700,000 股新股。此外,确认了 RM3,391,109 的应收账款减值损失减记倒回。

Source: annual report 2023, pages 44, 107, 111.出处:2023 年年报第 44、107、111 页。

20242024 年

Share capital increased from 691,877,450 units to 741,877,450 units via a private placement of 50,000,000 shares at RM0.0935 per share for working capital. The group recorded a reversal of impairment losses on trade receivables of RM7,065,039 and recommended no dividend.公司以每股 RM0.0935 私下配售 50,000,000 股筹集营运资金,股份由 691,877,450 股增至 741,877,450 股。集团记录了 RM7,065,039 的应收账款减值损失倒回,且未建议派发股息。

Source: annual report 2024, pages 46, 48, 98.出处:2024 年年报第 46、48、98 页。

20252025 年

Issued share capital increased from 741,877,450 units to 743,827,450 units following the exercise of ESOS options at RM0.0988 per share. Reversal of impairment losses on trade receivables was RM6,836,769, and no dividend was declared.在按每股 RM0.0988 行使 ESOS 选项后,已发行股本由 741,877,450 股增至 743,827,450 股。应收账款减值损失倒回为 RM6,836,769,且未宣派股息。

Source: annual report 2025, pages 51, 94, 112.出处:2025 年年报第 51、94、112 页。

Across the three years三年合看

Trade receivables concentration remained high, with one major customer owing RM31,461,675 in 2025 (99% of trade receivables) and RM30,935,135 in 2024 (98%), while two customers owed RM21,924,584 in 2023 (98%). Deferred payment terms allow eligible customers to pay over up to 36 months, reaching RM32,251,084 in 2025.应收账款集中度持续居高,单一主要客户在 2025 年欠款 RM31,461,675(占应收账款 99%),2024 年欠款 RM30,935,135(占 98%),而 2023 年两家客户欠款 RM21,924,584(占 98%)。延迟付款条款允许符合条件的客户在长达 36 个月内付款,2025 年相关金额达 RM32,251,084。

Source: annual report 2023, page 131; annual report 2025, pages 107, 126.出处:2023 年年报第 131 页;2025 年年报第 107、126 页。

Still to be spent尚未支出的承诺

Unused private placement proceeds allocated for working capital stood at RM1.643 million at 31 May 2025, down from RM12.85 million in 2023. There were 18,050,000 outstanding unexercised ESOS options at 31 May 2025.截至 2025 年 5 月 31 日,未动用的私下配售营运资金结余为 RM1.643 million,低于 2023 年的 RM12.85 million。截至 2025 年 5 月 31 日,尚有 18,050,000 份未行使的 ESOS 选项。

Source: annual report 2023, page 44; annual report 2025, page 49.出处:2023 年年报第 44 页;2025 年年报第 49 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2022202320242025
RM令吉RM令吉RM令吉RM令吉
Revenue营业额12,346,79713,557,37316,452,20218,117,761
Profit/(Loss) before taxation税前盈利/(亏损)(35,129,072)100,9014,591,4914,767,614
Profit/(Loss) for the financial year年度盈利/(亏损)(6,895,173)100,9014,591,4914,730,206
Cash and bank balances现金与银行结余11,438,6105,474,9775,806,3358,907,761
Fixed deposits with licensed banks持牌银行定期存款4,048,33912,157,71913,330,8758,630,174
Total equity总权益25,400,58432,464,97442,440,70044,308,017

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
iMedic platform expected to be fully compliant with HealthierSG requirements by end of November 2023.iMedic 平台预计于 2023 年 11 月底前完全符合 HealthierSG 要求。iMedic passed tests and was certified as a HealthierSG Smart Clinic Management System platform in Singapore.iMedic 通过测试,并在新加坡获认证为 HealthierSG 智慧诊所管理系统平台。

Source: annual report 2023, page 13; annual report 2024, page 12; annual report 2025, page 13.出处:2023 年年报第 13 页;2024 年年报第 12 页;2025 年年报第 13 页。

Completed已完成
Group expected 3D or MD printing to become a significant revenue contributor.集团预计 3D 或 MD 打印将成为主要营业额贡献来源。iMedic remained the primary revenue driver in 2024 and 2025, with balance from customization and maintenance services.iMedic 在 2024 和 2025 年仍为主要营业额驱动力,其余来自定制与维护服务。

Source: annual report 2023, page 13; annual report 2024, page 13; annual report 2025, page 14.出处:2023 年年报第 13 页;2024 年年报第 13 页;2025 年年报第 14 页。

Not a major contributor未成为主要贡献来源
Contract entered with MDC Asia Link Berhad on 3 April 2024 to digitalize with iMedic platform.于 2024 年 4 月 3 日与 MDC Asia Link Berhad 签约,以 iMedic 平台推行数字化。Deployed iMedic digital clinics in GP and dental clinic chains in the domestic market.在本地市场的全科与牙科连锁诊所部署了 iMedic 数字诊所。

Source: annual report 2024, page 131; annual report 2025, page 13.出处:2024 年年报第 131 页;2025 年年报第 13 页。

Carried out已执行
Distribution agreement signed with Seecure Holding Corporation expected to generate revenue from North, Central and South America.与 Seecure Holding Corporation 签署的分销协议预计从北美、中美与南美市场带来营业额。The segment note shows no revenue from the United States in 2025 (RM25,754 in 2024).分部附注显示 2025 年没有来自美国的营业额(2024 年为 RM25,754)。

Source: annual report 2024, page 11; annual report 2025, page 124.出处:2024 年年报第 11 页;2025 年年报第 124 页。

No US revenue in 20252025 年无美国营业额
iMedic Optics launch expected to become one of the key revenue contributors.推出的 iMedic Optics 预计将成为主要营业额贡献来源之一。Reported adoption across GP clinics and optical shops, with expectation to become a core revenue driver in coming years.报告显示已在全科诊所与眼镜店获得采用,并预计在未来几年成为核心营业额驱动力。

Source: annual report 2024, page 11; annual report 2025, pages 12, 13.出处:2024 年年报第 11 页;2025 年年报第 12、13 页。

Still in progress仍在推进中

What the reports leave open年报留下待看的事

  • Collection of RM31,461,675 in trade receivables owed by a single customer representing 99% of total trade receivables under an agreed repayment schedule.单一客户欠付的 RM31,461,675 应收账款(占总应收账款 99%)在协定还款计划下的回收情况。

    Source: annual report 2025, page 63.出处:2025 年年报第 63 页。

  • Selection and appointment of a new independent non-executive director to replace Ms Chuan Tsui Ju on the board and board committees.遴选并委任新独立非执行董事以接替 Ms Chuan Tsui Ju 在董事会及董事会委员会职务的进展。

    Source: annual report 2025, page 29.出处:2025 年年报第 29 页。

  • Execution of international expansion strategies in the United States, Europe and China; the segment note shows no revenue from the United States in 2025.在美国、欧洲和中国拓展业务策略的执行情况;分部附注显示 2025 年没有来自美国的营业额。

    Source: annual report 2025, pages 14, 124.出处:2025 年年报第 14、124 页。

Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-24.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 2026-10-24。