DailySpaceLambo Group Berhad
0018 · ACE Market创业板（ACE Market） · annual reports 2023 to 2025, 361 entries read2023 至 2025 年报，共读出 361 条
The company这家公司
Lambo Group Berhad is based principally in Malaysia, where all of its revenue is generated. It operates the e-commerce platforms LamboPlace and LamboCellar, last-mile delivery services through LamboMove, and retail food and beverage outlets.Lambo Group Berhad 主要在马来西亚营运，所有营业额均来自马来西亚。公司经营 LamboPlace 和 LamboCellar 电子商务平台、通过 LamboMove 提供最后一里配送服务，并经营零售餐饮店。
Source: annual report 2023, pages 9, 15; annual report 2025, page 11.出处：2023 年年报第 9、15 页；2025 年年报第 11 页。
The revenue mix changed over the period. E-commerce contributed approximately 73.0% of revenue in 2023 and 80.04% in 2024. In 2025, the retail segment became the largest contributor, accounting for approximately 74.25% of revenue (RM37.72 million), led by restaurant and café operations (RM25.04 million) and seafood wholesale and retail (RM12.68 million).营业额结构在各年间发生变化。电子商务在 2023 年占营业额约 73.0%，在 2024 年占 80.04%。到 2025 年，零售部门成为最大来源，占营业额约 74.25%（RM37.72 million），主要来自餐厅与咖啡馆营运（RM25.04 million）以及海鲜批发与零售（RM12.68 million）。
Source: annual report 2023, page 14; annual report 2024, page 15; annual report 2025, pages 13, 15, 17.出处：2023 年年报第 14 页；2024 年年报第 15 页；2025 年年报第 13、15、17 页。
Cheetah Marketing Sdn. Bhd., a subsidiary of Cheetah Holdings Berhad, held 21.20% of the shares in 2023 and 18.80% (289,664,500 shares) in 2024 and 2025. In 2025, HSBC Nominees (Asing) Sdn. Bhd. held 19.58% (301,620,200 shares) for Morgan Stanley & Co. International PLC. Director Koo Kien Yoon held 108,525,160 shares (7.05%) in 2023 and 4,009,660 shares in 2024. In each of the three reports, 4,009,600 shares (0.26%) stood in a pledged securities account for Koo Kien Yoon with Kenanga Nominees (Tempatan) Sdn. Bhd.Cheetah Holdings Berhad 旗下的 Cheetah Marketing Sdn. Bhd. 在 2023 年持有 21.20% 股份，在 2024 年和 2025 年持有 18.80%（289,664,500 股）。2025 年，HSBC Nominees (Asing) Sdn. Bhd. 为 Morgan Stanley & Co. International PLC 代持 19.58%（301,620,200 股）。董事 Koo Kien Yoon 在 2023 年持有 108,525,160 股（7.05%），2024 年持有 4,009,660 股。三份年报中，均有 4,009,600 股（0.26%）存放于 Kenanga Nominees (Tempatan) Sdn. Bhd. 为 Koo Kien Yoon 开设的质押证券账户。
Source: annual report 2023, pages 164, 166; annual report 2024, pages 83, 189, 190; annual report 2025, pages 182, 183.出处：2023 年年报第 164、166 页；2024 年年报第 83、189、190 页；2025 年年报第 182、183 页。
None of the directors have any family relationship with any director, major shareholder, or chief executive. Director Koo Kien Yoon also serves on the boards of Vsolar Group Berhad, Joe Holding Berhad and Sinaran Advance Group Berhad. Director Ng Chee Kin was re-designated as a Non-Independent Non-Executive Director on 27 February 2025 after more than 12 years of service, and also sits on the board of Focus Dynamics Group Berhad. Yee Yit Yang resigned on 15 October 2024. ChengCo PLT was appointed auditor in 2023 replacing CAS, and SBY Partners PLT replaced ChengCo PLT in 2025. Ng Chee Kin, a director of both Lambo and Focus Dynamics Group Berhad, was deemed interested in the purchase of 20% of LZ Asia Sdn. Bhd. from Focus International Holding Sdn. Bhd., whose ultimate holding company is Focus Dynamics. The group also bought 20% of Zest Asia Sdn. Bhd. from Focus International.全体董事与任何董事、主要股东或首席执行员均无亲属关系。董事 Koo Kien Yoon 同时在 Vsolar Group Berhad、Joe Holding Berhad 及 Sinaran Advance Group Berhad 董事会任职。董事 Ng Chee Kin 在服务超过 12 年后，于 2025 年 2 月 27 日转任非独立非执行董事，亦在 Focus Dynamics Group Berhad 董事会任职。Yee Yit Yang 于 2024 年 10 月 15 日辞职。审计师方面，ChengCo PLT 于 2023 年接替 CAS，SBY Partners PLT 则于 2025 年接替 ChengCo PLT。Ng Chee Kin 同为 Lambo 与 Focus Dynamics Group Berhad 的董事，在向 Focus International Holding Sdn. Bhd.（其最终控股公司为 Focus Dynamics）收购 LZ Asia Sdn. Bhd. 20% 股权的交易中被视为有利益关系。集团亦向 Focus International 收购了 Zest Asia Sdn. Bhd. 20% 股权。
Source: annual report 2023, pages 5, 7, 39; annual report 2024, page 83; annual report 2025, pages 8, 9, 43, 46.出处：2023 年年报第 5、7、39 页；2024 年年报第 83 页；2025 年年报第 8、9、43、46 页。
On 22 August 2022 the company was classified as an affected listed issuer under Rule 8.03A, as it had insignificant business or operations, and on 31 January 2023 as a Guidance Note 3 company. M & A Securities Sdn. Bhd. replaced TA Securities as Sponsor on 30 June 2023. On 3 October 2024 the Sponsor appealed against the de-listing of Lambo. Bursa Malaysia then granted extensions of time to 2 June 2025, 1 December 2025 and 31 March 2026 to submit a regularisation plan. The report states material uncertainties that may cast significant doubt on the group's ability to continue as a going concern. The auditors gave a qualified opinion on the 2023 statements; they could not ascertain the accuracy and classification of Other Investment, which held 212,956,000 quoted shares (23.27%) of a listed company that should be classified as an associate.2022 年 8 月 22 日，公司因业务或营运规模微小，被列为 Rule 8.03A 受影响上市发行人；2023 年 1 月 31 日被列为 Guidance Note 3 公司。M & A Securities Sdn. Bhd. 于 2023 年 6 月 30 日接替 TA Securities 担任保荐人。2024 年 10 月 3 日，保荐人就 Lambo 被除牌提出上诉。马来西亚交易所其后批准延期，提呈重组计划的期限先后延至 2025 年 6 月 2 日、2025 年 12 月 1 日及 2026 年 3 月 31 日。年报指出存在重大不确定性，可能令人严重怀疑集团持续经营的能力。审计师对 2023 年财务报表发出保留意见；他们无法确定其他投资的准确性与分类，其中包括一家上市公司的 212,956,000 股报价股份（23.27%），这些股份应被列为联营公司投资。
Source: annual report 2023, page 81; annual report 2025, pages 107, 108.出处：2023 年年报第 81 页；2025 年年报第 107、108 页。
Major events大事记
Source: annual report 2023, page 48.出处：2023 年年报第 48 页。
Source: annual report 2023, page 11; annual report 2025, page 107.出处：2023 年年报第 11 页；2025 年年报第 107 页。
Source: annual report 2023, page 9; annual report 2025, page 107.出处：2023 年年报第 9 页；2025 年年报第 107 页。
Source: annual report 2024, pages 82, 150.出处：2024 年年报第 82、150 页。
Source: annual report 2025, pages 15, 139, 140.出处：2025 年年报第 15、139、140 页。
Source: annual report 2025, page 108.出处：2025 年年报第 108 页。
Revenue and profit / (loss)营业额与盈利／（亏损）
Assets, investments and cash资产、投资与现金
Equity and liabilities权益与负债
20232023 年
In 2023, revenue was RM14,836,667 and profit before tax was RM3,196,809, with profit for the year of RM3,205,263. The result included a fair value gain on other investments of RM8.16 million and a net reversal of impairment loss on receivables of RM0.88 million. Net cash used in operating activities was RM14,513,502. The report links this to an increase of RM14.79 million in other receivables and deposits, which it puts down to deposits for the purchase of wines and other inventories rising by RM12.62 million. Capital spending on property, plant and equipment was RM1,517,495, and net additions in other investments were RM1.24 million. An investment property of RM5,750,000 and fixed deposits of RM732,000 were pledged to secure loans. Cash and bank balances ended at RM23,863,785.2023 年，营业额为 RM14,836,667，税前盈利为 RM3,196,809，年度盈利为 RM3,205,263。业绩包括其他投资的公允价值收益 RM8.16 million 以及应收款项减值亏损净拨回 RM0.88 million。营运活动所用现金净额为 RM14,513,502。年报将此与其他应收款项与定金增加 RM14.79 million 相联系，并称后者源于采购葡萄酒及其他存货的定金增加 RM12.62 million。物业、厂房及设备资本支出为 RM1,517,495，其他投资净增 RM1.24 million。账面值 RM5,750,000 的投资产业及 RM732,000 的定期存款已抵押以获取贷款。现金与银行结余期末为 RM23,863,785。
Source: annual report 2023, pages 11, 12, 124, 134, 148.出处：2023 年年报第 11、12、124、134、148 页。
20242024 年
In 2024, revenue increased to RM27,091,889 and profit before tax was RM2,960,697, with profit for the year of RM2,895,697. Fair value gain on other investments was lower at RM4.38 million. Net cash used in operating activities was RM1,341,466. The group spent RM2.20 million on property, plant and equipment and bought 5 trucks during the year. It made net additions in other investments of RM5.63 million. Repayment of loan and lease liabilities used RM2.43 million. Cash and bank balances stood at RM10,536,283 at year end.2024 年，营业额增至 RM27,091,889，税前盈利为 RM2,960,697，年度盈利为 RM2,895,697。其他投资公允价值收益降至 RM4.38 million。营运活动所用现金净额为 RM1,341,466。集团在物业、厂房及设备上支出 RM2.20 million，并于年内购买 5 辆卡车。集团在其他投资上净增加 RM5.63 million。偿还贷款与租赁负债支出 RM2.43 million。年终现金与银行结余为 RM10,536,283。
Source: annual report 2024, pages 12, 13, 98, 164.出处：2024 年年报第 12、13、98、164 页。
20252025 年
In 2025, revenue rose to RM50,801,094, while the group recorded a loss before taxation of RM9,466,187 and loss after taxation of RM10,517,497. The result included a fair value loss on quoted investments of RM15.09 million, alongside advertising and promotion expenses of RM4.28 million, staff costs of RM3.43 million and restaurant-related expenses of RM2.21 million. Net acquisition of other investments took RM6,671,431 and purchase of property, plant and equipment took RM2,811,775. Cash and bank balances decreased to RM4,688,679. The sustainability statement gives total revenue of RM54.1 million; the statements print RM50,801,094.2025 年，营业额升至 RM50,801,094，集团录得税前亏损 RM9,466,187 及税后亏损 RM10,517,497。该业绩包括上市公司投资公允价值亏损 RM15.09 million，以及广告与宣传费用 RM4.28 million、员工成本 RM3.43 million 和餐厅相关费用 RM2.21 million。其他投资净收购支出 RM6,671,431，物业、厂房及设备采购支出 RM2,811,775。现金与银行结余减至 RM4,688,679。可持续发展报告所列总营业额为 RM54.1 million；财务报表所印为 RM50,801,094。
Source: annual report 2025, pages 13, 66, 105, 153.出处：2025 年年报第 13、66、105、153 页。
Across the three years三年合看
Other investments accounted for approximately 60.9% of total assets (RM106.82 million) in 2024 and 56.04% (RM97,108,466) in 2025. Total cash and bank balances fell from RM44,129,148 in 2022 to RM23,863,785 in 2023, RM10,536,283 in 2024 and RM4,688,679 in 2025. An investment property of RM5,750,000 and fixed deposits of RM732,000 remained pledged to secure bank loans. The board did not recommend any dividend in any of the three years; it gives accumulated losses in the statements of financial position as the reason.其他投资在 2024 年占总资产约 60.9%（RM106.82 million），在 2025 年占 56.04%（RM97,108,466）。现金与银行结余总额由 2022 年的 RM44,129,148 降至 2023 年的 RM23,863,785、2024 年的 RM10,536,283 以及 2025 年的 RM4,688,679。账面值 RM5,750,000 的投资产业和 RM732,000 的定期存款持续抵押以担保银行贷款。因财务状况表存在累计亏损，董事会在三年中均未建议派发任何股息。
Source: annual report 2023, page 15; annual report 2024, pages 15, 89; annual report 2025, pages 17, 18, 91, 133, 147.出处：2023 年年报第 15 页；2024 年年报第 15、89 页；2025 年年报第 17、18、91、133、147 页。
Still to be spent尚未支出的承诺
At 30 September 2025, proceeds from earlier fund-raising were still unutilised. From the 2020 private placement, RM18.8 million was unutilised, including RM14.5 million allocated for marketing campaigns. From the 2021 private placement, RM6.5 million remained unutilised, including RM4.0 million for marketing and promotion. From the 2021 rights issue, RM33.4 million was unutilised, including RM15.6 million for warehousing capability and RM8.0 million for system enhancement. The company proposed variations and extensions of timeframe for these unutilised proceeds.截至 2025 年 9 月 30 日，以往筹资所得仍有未动用部分。2020 年私下配售中尚有 RM18.8 million 未动用，其中包括用于营销活动的 RM14.5 million。2021 年私下配售中尚有 RM6.5 million 未动用，包括用于营销推广的 RM4.0 million。2021 年附加股发行中尚有 RM33.4 million 未动用，包括用于仓储能力的 RM15.6 million 和用于系统升级的 RM8.0 million。公司已提议修改这些未动用资金的用途并延长使用期限。
Source: annual report 2025, pages 53, 54, 108.出处：2025 年年报第 53、54、108 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 | 16,585,215 | 14,836,667 | 27,091,889 | 50,801,094 |
| Profit / (loss) before tax税前盈利／（亏损） | (75,280,622) | 3,196,809 | 2,960,697 | (9,466,187) |
| Profit / (loss) for the year年度盈利／（亏损） | (75,280,622) | 3,205,263 | 2,895,697 | (10,517,497) |
| Net cash used in operating activities营运活动所用现金净额 | (22,087,667) | (14,513,502) | (1,341,466) | – |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (21,617,880) | (1,517,495) | (2,203,506) | (2,811,775) |
| Other investments其他投资 | 84,828,324 | 96,776,833 | 106,825,487 | 97,108,466 |
| Total assets总资产 | 174,883,019 | 177,137,815 | 175,352,616 | 173,294,021 |
| Total liabilities总负债 | 12,524,990 | 12,456,284 | 10,486,398 | 19,529,097 |
| Cash and bank balances现金与银行结余 | 44,129,148 | 23,863,785 | 10,536,283 | 4,688,679 |
| Total equity总权益 | 162,358,029 | 164,681,531 | 164,866,218 | 153,764,924 |
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 |
|---|---|---|
| Expanding warehousing and logistics capability by setting up warehouses in Petaling Jaya and Klang (2023).通过在八打灵再也和巴生设立仓库，扩大仓储与物流能力（2023 年）。 | The 2024 report repeated the same sentence. The 2025 report speaks of optimising capacity at its facilities in Petaling Jaya and Klang. RM15.6 million of rights issue proceeds for warehousing was still unutilised in 2025.2024 年年报重复了同一句话。2025 年年报提到优化八打灵再也和巴生设施的容量。2025 年附加股所得中用于仓储的 RM15.6 million 仍未动用。 Source: annual report 2023, page 15; annual report 2024, page 15; annual report 2025, pages 18, 54.出处：2023 年年报第 15 页；2024 年年报第 15 页；2025 年年报第 18、54 页。 | Still in progress; warehousing proceeds partly unused仍在进行中；仓储所得款项部分未动用 |
| Scope for 2024: "New Retail" and provision of logistic services and warehouse fulfilment of liquor and other products (2023).2024 年规划："新零售"以及酒类与其他产品的物流服务与仓库履行（2023 年）。 | The 2024 report said a revenue line rose from RM2.1 million to RM12.85 million because the group took up distributorship of Carbon Champagne and Veyret Latour, and that truck rental was introduced in logistics.2024 年年报称，由于集团取得 Carbon Champagne 及 Veyret Latour 的经销权，一项营业额由 RM2.1 million 增至 RM12.85 million；物流方面开始提供卡车租赁。 Source: annual report 2023, page 51; annual report 2024, page 11.出处：2023 年年报第 51 页；2024 年年报第 11 页。 | Liquor distributorship and truck rental reported in 20242024 年报告酒类经销及卡车租赁 |
| The group needed a larger delivery fleet for larger volumes of products and was sourcing more logistics partners (2023).集团需要更大的配送车队以运送更大量的产品，并在寻找更多物流合作伙伴（2023 年）。 | The group bought 5 trucks during 2024. Vans in use for delivery were 4 in 2023 and 2 in 2024.集团在 2024 年购买 5 辆卡车。用于配送的货车在 2023 年为 4 辆，2024 年为 2 辆。 Source: annual report 2023, page 13; annual report 2024, page 13.出处：2023 年年报第 13 页；2024 年年报第 13 页。 | 5 trucks bought in 20242024 年购买 5 辆卡车 |
| The group would continue to focus on expanding its e-commerce marketplaces LamboPlace and LamboCellar and its LamboMove delivery services (2023).集团将继续专注于扩展 LamboPlace 与 LamboCellar 电子商务平台及 LamboMove 配送服务（2023 年）。 | IT consultancy and e-commerce revenue rose from RM10.83 million in 2023 to RM23.00 million in 2024. E-commerce revenue was RM11.95 million in 2025, when retail made up about 74.25% of revenue.IT 咨询及电子商务营业额由 2023 年的 RM10.83 million 增至 2024 年的 RM23.00 million。2025 年电子商务营业额为 RM11.95 million，当年零售约占营业额的 74.25%。 Source: annual report 2023, page 15; annual report 2024, page 13; annual report 2025, pages 15, 17.出处：2023 年年报第 15 页；2024 年年报第 13 页；2025 年年报第 15、17 页。 | E-commerce revenue rose in 2024 and fell in 2025电子商务营业额 2024 年上升，2025 年下降 |
What the reports leave open年报留下待看的事
- Whether the company submits its regularisation plan to Bursa Malaysia on or before 31 March 2026 to retain its listing status.公司能否在 2026 年 3 月 31 日或之前向马来西亚交易所提呈重组计划以维持上市地位。
Source: annual report 2025, pages 92, 108.出处：2025 年年报第 92、108 页。
- The unquoted investments outside Malaysia of RM21,381,956, placed with a registered asset fund manager in Australia, which the auditors made a key audit matter.存放于澳大利亚一家注册资产基金管理公司的马来西亚境外非上市投资 RM21,381,956，审计师将其列为关键审计事项。
Source: annual report 2025, pages 91, 142.出处：2025 年年报第 91、142 页。
- Unabsorbed business losses of RM44,824,717 that expire in 2032.将于 2032 年到期的 RM44,824,717 未吸收营业亏损。
Source: annual report 2025, page 158.出处：2025 年年报第 158 页。
- Group trade receivables were RM18,828,259 and other receivables, deposits and prepayments RM11,989,343 at 30 September 2025; trade receivables past due more than 90 days were RM15,289,293.截至 2025 年 9 月 30 日，集团贸易应收款项为 RM18,828,259，其他应收款项、定金及预付款为 RM11,989,343；逾期超过 90 天的贸易应收款项为 RM15,289,293。
Source: annual report 2025, pages 92, 144.出处：2025 年年报第 92、144 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。