DailySpaceHextar Capital Berhad
0035 · ACE Market创业板（ACE Market） · annual reports 2023 to 2025, 422 entries read2023 至 2025 年报，共读出 422 条
The company这家公司
Hextar Capital Berhad, formerly known as Opcom Holdings Berhad, operates predominantly in Malaysia, offering telecommunication network infrastructure solutions, fibre optic cables manufacturing, construction and project management, and financial solutions.Hextar Capital Berhad（前称为 Opcom Holdings Berhad）主要在马来西亚运营，业务涵盖电信网络基础设施解决方案、光纤电缆制造、建筑与项目管理以及金融解决方案。
Source: annual report 2023, pages 13, 14; annual report 2024, page 77; annual report 2025, pages 12, 159.出处：2023 年年报第 13、14 页；2024 年年报第 77 页；2025 年年报第 12、159 页。
Revenue structure has shifted across the reports: manufacturing contributed 38.32% of revenue in 2023, telecommunication network infrastructure solutions 50.61% in 2024, and construction and project management 33.84% (RM28.69 million) alongside manufacturing's 31.61% (RM26.80 million) in 2025.营业额结构在各报告期内有所转变：制造部门在 2023 年贡献了 38.32% 的营业额，电信网络基础设施解决方案在 2024 年贡献 50.61%，而建筑与项目管理在 2025 年贡献 33.84%（RM28.69 million），制造部门则贡献 31.61%（RM26.80 million）。
Source: annual report 2023, page 18; annual report 2024, page 16; annual report 2025, pages 12, 17, 18.出处：2023 年年报第 18 页；2024 年年报第 16 页；2025 年年报第 12、17、18 页。
Dato' Ong Choo Meng is a substantial shareholder holding 129,008,600 shares (22.203%), with multiple blocks held through pledged securities accounts. Datin Sri M. Saraswathy A/P Manikum holds 42,877,354 shares (7.379%), and her spouse Dato Sri J.O. Nantha Kumar A/L J.C. Ramalu holds an indirect interest in the same shares.Dato' Ong Choo Meng 为主要股东，持有 129,008,600 股（22.203%），其中多个区块通过抵押证券账户持有。Datin Sri M. Saraswathy A/P Manikum 持有 42,877,354 股（7.379%），其配偶 Dato Sri J.O. Nantha Kumar A/L J.C. Ramalu 对该等股份拥有间接权益。
Source: annual report 2025, pages 81, 183, 184.出处：2025 年年报第 81、183、184 页。
Dato' Ong Choo Meng is the nephew of director Ong Soon Lim. During the reported periods, Chang Kian Seong was appointed Managing Director, Gwi Fei Yi was appointed Executive Director, and Fong Wai Yi was appointed Chief Financial Officer on 1 July 2025.Dato' Ong Choo Meng 是董事 Ong Soon Lim 的侄儿。在报告期内，Chang Kian Seong 出任董事总经理，Gwi Fei Yi 出任执行董事，Fong Wai Yi 于 2025 年 7 月 1 日获委任为首席财务官。
Source: annual report 2023, pages 16, 28; annual report 2025, pages 14, 27, 31, 80.出处：2023 年年报第 16、28 页；2025 年年报第 14、27、31、80 页。
Revenue by segment, 20252025 年各部门营业额
Source: annual report 2025, page 155.出处：2025 年年报第 155 页。
Major events大事记
Source: annual report 2023, pages 14, 17.出处：2023 年年报第 14、17 页。
Source: annual report 2023, pages 14, 150.出处：2023 年年报第 14、150 页。
Source: annual report 2024, pages 14, 158.出处：2024 年年报第 14、158 页。
Source: annual report 2024, pages 70, 119.出处：2024 年年报第 70、119 页。
Source: annual report 2024, page 12.出处：2024 年年报第 12 页。
Source: annual report 2025, pages 11, 125.出处：2025 年年报第 11、125 页。
Revenue, profit and total equity营业额、盈利与总权益
Assets, borrowings and cash资产、借款与现金
20232023 年
In 2023, the group completed the acquisition of T & J Engineering Sdn. Bhd. for RM56,135,683 through cash and issuance of 77,026,531 shares, with contingent deferred consideration payable. Private placement of 27,908,700 shares raised RM19.257 million. An impairment loss of RM14,333,061 was recognised on investment in an associate. Bank borrowings reached RM27,023,650 including a drawdown of RM8.18 million for working capital. No dividend was recommended.2023 年，集团完成以 RM56,135,683 收购 T & J Engineering Sdn. Bhd.，通过现金及发行 77,026,531 股支付，并附带或有延期代价。私人配售 27,908,700 股募集了 RM19.257 million。联营公司投资确认了 RM14,333,061 的减值损失。银行借款达 RM27,023,650，其中包括提取 RM8.18 million 用于营运资金。董事会未建议派发股息。
Source: annual report 2023, pages 16, 20, 57, 62, 113, 117, 127.出处：2023 年年报第 16、20、57、62、113、117、127 页。
20242024 年
In 2024, the group acquired a 24.78% equity interest in Binasat Communications Berhad and 49.00% in Transgrid Ventures Sdn. Bhd., utilizing RM73.58 million in funds and issuing 62,941,554 new shares for Transgrid. Bank borrowings increased by RM51.81 million to RM78,837,885 to fund these acquisitions. Disposal of associates Unigel (UK) Limited and Unigel IP Limited generated proceeds of RM10.036 million. Money lending operations commenced with a RM24.00 million credit facility extended. No dividend was recommended.2024 年，集团收购了 Binasat Communications Berhad 24.78% 股权与 Transgrid Ventures Sdn. Bhd. 49.00% 股权，共动用 RM73.58 million 资金，并就 Transgrid 发行了 62,941,554 股新股。银行借款增加 RM51.81 million 至 RM78,837,885 以资助收购。脱售联营公司 Unigel (UK) Limited 与 Unigel IP Limited 带来 RM10.036 million 收益。放贷业务启动，发放了 RM24.00 million 信用额度。董事会未建议派发股息。
Source: annual report 2024, pages 11, 12, 13, 18, 70, 78, 130.出处：2024 年年报第 11、12、13、18、70、78、130 页。
20252025 年
In 2025, investing cash outflows included RM37.10 million in deferred consideration paid for TJE and Transgrid, and RM17,632,003 to increase equity in Binasat Communications Berhad to 29.82%. A private placement raised RM29.137 million. The group acquired Legacy Core Sdn. Bhd. for RM137,000 and subscribed for an additional RM2,250,000 of its shares. Bank borrowings stood at RM77,849,063, and no dividend was recommended.2025 年，投资现金流出包括支付 TJE 与 Transgrid 的延期代价 RM37.10 million，以及 RM17,632,003 用于将 Binasat Communications Berhad 的持股增至 29.82%。私人配售募集了 RM29.137 million。集团以 RM137,000 收购 Legacy Core Sdn. Bhd.，并额外认购其 RM2,250,000 股份。银行借款为 RM77,849,063，董事会未建议派发股息。
Source: annual report 2025, pages 11, 14, 19, 78, 125, 130, 167.出处：2025 年年报第 11、14、19、78、125、130、167 页。
Across the three reports三份报告合看
Across the three reports, no dividends were recommended as cash was conserved for business expansion. Trade receivables formed a significant portion of total assets, accounting for RM110.6 million (35.7%) in 2023, RM154,257,320 (39.8%) in 2024, and RM152,006,116 (38.9%) in 2025. The group pledged its shareholding in associate Binasat Communications Berhad as collateral for term loans.三份报告合看，为保留资金用于业务扩展，均未建议派发股息。应收账款占总资产比例较高，2023 年为 RM110.6 million（35.7%），2024 年为 RM154,257,320（39.8%），2025 年为 RM152,006,116（38.9%）。集团将其在联营公司 Binasat Communications Berhad 的持股质押作为定期贷款的抵押品。
Source: annual report 2023, pages 16, 155; annual report 2024, pages 13, 122, 163; annual report 2025, pages 14, 133, 175.出处：2023 年年报第 16、155 页；2024 年年报第 13、122、163 页；2025 年年报第 14、133、175 页。
Still to be spent尚未支出的承诺
The group had no capital commitments as at 30 September 2023, 30 September 2024, or 31 December 2025. The RM19.257 million proceeds from the January 2023 private placement and the RM29.137 million proceeds from the 2025 private placement were fully deployed as at 31 December 2025.截至 2023 年 9 月 30 日、2024 年 9 月 30 日及 2025 年 12 月 31 日，集团均无资本承诺。2023 年 1 月私人配售募集的 RM19.257 million 资金及 2025 年私人配售募集的 RM29.137 million 资金在截至 2025 年 12 月 31 日已全部使用完毕。
Source: annual report 2023, pages 20, 57; annual report 2024, page 19; annual report 2025, pages 20, 77, 78.出处：2023 年年报第 20、57 页；2024 年年报第 19 页；2025 年年报第 20、77、78 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 | 87,173,736 | 217,533,024 | 117,653,139 | 84,782,296 |
| Profit before taxation税前盈利 | 7,561,223 | 10,982,961 | (3,497,497) | 5,657,609 |
| Profit for the year年度盈利 | 6,399,250 | 3,193,327 | (3,858,939) | 3,395,039 |
| Total assets总资产 | 181,659,491 | 309,647,453 | 387,963,900 | 390,695,633 |
| Total equity总权益 | 167,758,009 | 201,961,062 | 216,322,147 | 271,731,604 |
| Loans and borrowings贷款与借款 | 22,167 | 27,143,405 | 78,837,885 | 77,849,063 |
| Cash and bank balances现金与银行结余 | 61,190,916 | 61,085,037 | 19,926,019 | 14,004,514 |
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 |
|---|---|---|
| TJE to construct communication towers at 158 sites in Sarawak under JENDELA Phase 1TJE 在 JENDELA 第一阶段下于砂拉越 158 个地点建造通信塔 | 94.70% complete at 30 September 2024; the 2025 report says TJE completed its obligations under JENDELA Phase 1, with towers at 138 sites (the 2023 report spoke of 158 sites).2024 年 9 月 30 日完成 94.70%；2025 年报说 TJE 已完成 JENDELA 第一阶段的义务，共建 138 个站点的通讯塔（2023 年报说的是 158 个站点）。 Source: annual report 2023, page 18; annual report 2024, page 16; annual report 2025, page 15.出处：2023 年年报第 18 页；2024 年年报第 16 页；2025 年年报第 15 页。 | Completed, at 138 of the 158 sites first stated已完成，站点数为 138 个，而非最初说的 158 个 |
| Disposal of 40% equity interest in associates Unigel (UK) Limited and Unigel IP Limited for GBP1,300,000 and GBP400,000分别以 GBP1,300,000 及 GBP400,000 脱售联营公司 Unigel (UK) Limited 与 Unigel IP Limited 40% 股权 | Completed on 7 June 2024 with cash proceeds of RM10.036 million received于 2024 年 6 月 7 日完成，收回现金 RM10.036 million Source: annual report 2023, pages 8, 124; annual report 2024, pages 70, 119.出处：2023 年年报第 8、124 页；2024 年年报第 70、119 页。 | Completed已完成 |
| Acquisition of 49% equity interest in Transgrid Ventures Sdn. Bhd. for up to RM98.0 million and an additional 6.75% in Binasat Communications Berhad以最高 RM98.0 million 收购 Transgrid Ventures Sdn. Bhd. 49% 股权，并再买入 Binasat Communications Berhad 6.75% 股权 | Completed on 10 January 2024 for Transgrid Ventures Sdn. Bhd. and 12 January 2024 for Binasat Communications BerhadTransgrid Ventures Sdn. Bhd. 于 2024 年 1 月 10 日完成收购，Binasat Communications Berhad 于 2024 年 1 月 12 日完成收购 Source: annual report 2023, page 150; annual report 2024, pages 14, 158.出处：2023 年年报第 150 页；2024 年年报第 14、158 页。 | Completed已完成 |
| Execution of RM97.04 million contract to construct student hostels at Universiti Malaysia Kelantan执行承建马来西亚吉兰丹大学学生宿舍的 RM97.04 million 合同 | Ongoing in 2025, generating RM28.69 million in revenue for the construction and project management segment2025 年持续执行中，为建筑与项目管理部门带来 RM28.69 million 营业额 Source: annual report 2024, page 12; annual report 2025, pages 11, 18.出处：2024 年年报第 12 页；2025 年年报第 11、18 页。 | In progress进行中 |
| Commitment to achieve Net Zero Carbon Emissions by 2050承诺在 2050 年实现净零碳排放 | Reaffirmed the commitment to achieve Net Zero Carbon Emissions by 2050 in FPE 2025在 2025 财年报告中重申了在 2050 年实现净零碳排放的承诺 Source: annual report 2024, page 31; annual report 2025, page 33.出处：2024 年年报第 31 页；2025 年年报第 33 页。 | Ongoing target持续推进中 |
What the reports leave open年报留下待看的事
- Trade receivables stood at RM152,006,116 (38.9% of total assets) as at 31 December 2025, including RM52.00 million repayable in 36 monthly instalments through December 2027 and RM7.62 million in 12 monthly instalments through December 2026.截至 2025 年 12 月 31 日，应收账款为 RM152,006,116（占总资产 38.9%），其中包括 RM52.00 million 分 36 个月分期偿还至 2027 年 12 月，以及 RM7.62 million 分 12 个月分期偿还至 2026 年 12 月。
Source: annual report 2025, pages 134, 175.出处：2025 年年报第 134、175 页。
- The market value of the investment in Binasat Communications Berhad of RM18.02 million at 31 December 2025 was lower than its carrying amount of RM50.26 million, subject to impairment assessment based on value-in-use.截至 2025 年 12 月 31 日，对 Binasat Communications Berhad 的投资市值为 RM18.02 million，低于其 RM50.26 million 的账面值，需依据使用价值评估进行减值测试。
Source: annual report 2025, pages 132, 174.出处：2025 年年报第 132、174 页。
- Legacy Core Sdn. Bhd. was awarded a RM75.90 million construction contract in Sabah in March 2026, while the company signed an agreement to dispose of part of its interest, reducing its stake from 100% to 60% for RM1,200,000.Legacy Core Sdn. Bhd. 于 2026 年 3 月在沙巴获颁 RM75.90 million 建筑合同，而公司已签署协议以 RM1,200,000 脱售部分股权，持股比例从 100% 降至 60%。
Source: annual report 2025, pages 13, 170.出处：2025 年年报第 13、170 页。
- Associate Transgrid Ventures Sdn. Bhd. secured contracts from Tenaga Nasional Berhad for data centre substation projects totalling RM690.5 million and a RM142.6 million landing station contract via joint venture.联营公司 Transgrid Ventures Sdn. Bhd. 获马来西亚国家电网颁发总值 RM690.5 million 的数据中心变电站项目合同，并透过合资公司获得 RM142.6 million 登陆站项目合同。
Source: annual report 2025, page 15.出处：2025 年年报第 15 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。