DailySpaceRGB International Bhd.
0037 · Main Market主板 · annual reports 2023 to 2025, 319 entries read2023 至 2025 年报，共读出 319 条
The company这家公司
RGB distributes electronic gaming machines and provides technical support and management across Asia, operating in Malaysia, the Philippines, Cambodia, Laos, Vietnam, Singapore, Macau and Timor-Leste. Sales and marketing together with technical support and management make up 99% of total revenue.RGB 在亚洲分销电子博彩机并提供技术支持与管理服务，业务遍及马来西亚、菲律宾、柬埔寨、老挝、越南、新加坡、澳门及东帝汶。销售与营销以及技术支持与管理合计占总营业额的 99%。
Source: annual report 2024, page 73; annual report 2025, pages 3, 83.出处：2024 年年报第 73 页；2025 年年报第 3、83 页。
In 2024, sales and marketing contributed 84% of revenue and technical support and management 15%. In 2025, sales and marketing brought RM276,155,254, technical support and management RM69,534,813, engineering services RM2,213,920 and others RM896,498. By region, Southeast Asia outside Malaysia provided RM264,582,664 of revenue in 2025 (2024: RM705,022,645), Malaysia RM83,247,730 (2024: RM53,893,242) and other countries RM1,042,091 (2024: RM1,829,898).2024 年，销售与营销占营业额的 84%，技术支持与管理占 15%。2025 年，销售与营销贡献 RM276,155,254，技术支持与管理贡献 RM69,534,813，工程服务贡献 RM2,213,920，其他业务贡献 RM896,498。按地区划分，2025 年马来西亚以外的东南亚地区提供 RM264,582,664 营业额（2024 年：RM705,022,645），马来西亚提供 RM83,247,730（2024 年：RM53,893,242），其他国家提供 RM1,042,091（2024 年：RM1,829,898）。
Source: annual report 2024, page 26; annual report 2025, pages 135, 148.出处：2024 年年报第 26 页；2025 年年报第 135、148 页。
In 2024, Customer A accounted for RM289,796,431 and Customer B RM79,034,201 (2023: RM352,192,773). In 2025, Customer A contributed RM41,503,757. At end 2025, 18 customers accounted for approximately 98% of total trade receivables (2024: 15 customers, approximately 96%).2024 年，客户 A 占 RM289,796,431，客户 B 占 RM79,034,201（2023 年：RM352,192,773）。2025 年，客户 A 贡献 RM41,503,757。截至 2025 年底，18 名客户占贸易应收款项总额的约 98%（2024 年：15 名客户，约 96%）。
Source: annual report 2023, page 86; annual report 2024, page 141; annual report 2025, pages 149, 154.出处：2023 年年报第 86 页；2024 年年报第 141 页；2025 年年报第 149、154 页。
In the 2025 report, Dato' Seri Chuah Kim Seah held 466,667,373 shares directly (30.29%) and 5,504,342 shares indirectly (0.36%). In the 2025 list of the 30 largest securities accounts, CGS International Nominees held 29,053,300 shares (1.89%) in a pledged securities account for Datuk Tang Vee Mun; in the 2023 list, Affin Hwang Nominees held 18,429,000 shares (1.20%) in a pledged securities account for him. In the 2024 list, 10,200,000 shares (0.66%) stood in a pledged securities account for Lok Huey Ming.在 2025 年报中，Dato' Seri Chuah Kim Seah 直接持有 466,667,373 股（30.29%），间接持有 5,504,342 股（0.36%）。在 2025 年的前 30 大证券账户名单中，CGS International Nominees 在 Datuk Tang Vee Mun 的证券抵押账户中持有 29,053,300 股（1.89%）；在 2023 年的名单中，Affin Hwang Nominees 在其证券抵押账户中持有 18,429,000 股（1.20%）。在 2024 年的名单中，10,200,000 股（0.66%）置于 Lok Huey Ming 的证券抵押账户中。
Source: annual report 2023, page 148; annual report 2024, page 156; annual report 2025, pages 167, 168.出处：2023 年年报第 148 页；2024 年年报第 156 页；2025 年年报第 167、168 页。
Dato' Chuah Kim Chiew is the brother of Dato' Seri Chuah Kim Seah. Mr. Chuah Eng Hwa and Mr. Chuah Eng Meng are sons of Dato' Seri Chuah Kim Seah and brothers of Ms. Chuah Hui Jing, his daughter. Ms. Chuah Hui Jing joined one of the Group's key international suppliers; in light of her new role, she was redesignated as a Non-Independent Non-Executive Director on 9 April 2025. The Independent Non-Executive Chairman retired on 26 May 2023, and the 2023 and 2024 reports say the company has no Chairman and is looking for a suitable candidate.Dato' Chuah Kim Chiew 是 Dato' Seri Chuah Kim Seah 的兄弟。Mr. Chuah Eng Hwa 与 Mr. Chuah Eng Meng 是 Dato' Seri Chuah Kim Seah 的儿子，也是其女儿 Ms. Chuah Hui Jing 的兄弟。Ms. Chuah Hui Jing 加入了集团一家主要国际供应商；因应这一新职务，她于 2025 年 4 月 9 日调任为非独立非执行董事。独立非执行主席于 2023 年 5 月 26 日退休，2023 年与 2024 年年报均表示公司没有主席，正在物色合适人选。
Source: annual report 2023, pages 11, 14, 41; annual report 2024, pages 12, 46; annual report 2025, pages 11, 12.出处：2023 年年报第 11、14、41 页；2024 年年报第 12、46 页；2025 年年报第 11、12 页。
Revenue by region, 20252025 年按地区划分营业额
Source: annual report 2025, page 148.出处：2025 年年报第 148 页。
Major events大事记
Source: annual report 2023, page 96.出处：2023 年年报第 96 页。
Source: annual report 2023, pages 102, 103.出处：2023 年年报第 102、103 页。
Source: annual report 2023, pages 14, 46.出处：2023 年年报第 14、46 页。
Source: annual report 2023, page 103; annual report 2024, page 147.出处：2023 年年报第 103 页；2024 年年报第 147 页。
Source: annual report 2023, page 103; annual report 2024, page 147.出处：2023 年年报第 103 页；2024 年年报第 147 页。
Source: annual report 2024, page 148.出处：2024 年年报第 148 页。
Source: annual report 2024, page 148; annual report 2025, page 114.出处：2024 年年报第 148 页；2025 年年报第 114 页。
Source: annual report 2024, page 10; annual report 2025, pages 11, 114.出处：2024 年年报第 10 页；2025 年年报第 11、114 页。
Revenue, profit and operating cash营业额、盈利与营运现金
Assets, liabilities and equity资产、负债与权益
20232023 年
In 2023, net cash from operating activities was RM123,807,436. Purchase of property, plant and equipment was RM34,087,589; the report puts capital expenditure at RM34.2 million, of which RM30.6 million went to upgrade gaming machines in existing technical support and management outlets. Dividends paid were RM10,785,972, and the group had zero borrowing. Impairment losses on trade receivables were RM37,138,270. The group recovered RM5,780,604 in insurance compensation for property, plant and equipment lost in a fire at two outlets in Cambodia. Cash and bank balances ended at RM148,935,386, and investments in funds were RM19,010,352.2023 年，营运活动所得现金净额为 RM123,807,436。购置物业、厂房及设备为 RM34,087,589；年报所列资本支出为 RM34.2 million，其中 RM30.6 million 用于升级现有技术支持与管理网点的博彩机。已付股息为 RM10,785,972，集团借款为零。贸易应收款项减值损失为 RM37,138,270。集团就柬埔寨两个网点火灾中损失的物业、厂房及设备收回保险赔偿 RM5,780,604。期末现金与银行结余为 RM148,935,386，基金投资为 RM19,010,352。
Source: annual report 2023, pages 13, 63, 96, 124, 125.出处：2023 年年报第 13、63、96、124、125 页。
20242024 年
In 2024, net cash from operating activities was RM68,731,183. Purchase of property, plant and equipment fell to RM17,428,693; the report puts capital expenditure at RM17.4 million, of which RM13.7 million went to upgrade gaming machines. Dividends paid rose to RM67,797,510, and borrowings remained at zero. Trade receivables rose to RM348,359,996 from RM45,531,011. Non-current trade receivables rose to RM210,713,909 from RM1,990,120. Trade payables included RM151,692,553 payable by interest-free monthly instalments and RM98,187,451 payable by monthly instalments bearing interest at 8.125% per annum. Accruals included RM16,242,325 payable to a consultant. Cash and bank balances closed at RM130,808,247.2024 年，营运活动所得现金净额为 RM68,731,183。购置物业、厂房及设备降至 RM17,428,693；年报所列资本支出为 RM17.4 million，其中 RM13.7 million 用于升级博彩机。已付股息增至 RM67,797,510，借款保持为零。贸易应收款项由 RM45,531,011 增至 RM348,359,996。非流动贸易应收款项由 RM1,990,120 增至 RM210,713,909。贸易应付款项中包括按月免息分期支付的 RM151,692,553，以及按月分期支付、年利率 8.125% 的 RM98,187,451。应计费用中包括应付一名顾问的 RM16,242,325。现金与银行结余收于 RM130,808,247。
Source: annual report 2024, pages 15, 110, 121, 124, 125.出处：2024 年年报第 15、110、121、124、125 页。
20252025 年
In 2025, net cash from operating activities fell to RM45,063,429. Purchase of property, plant and equipment was RM8,558,960; the report puts capital expenditure at RM8.6 million, of which RM6.1 million went to upgrade gaming machines. Dividends paid were RM27,735,353, and borrowings remained zero. Cash and bank balances fell to RM98,484,925. The report says the decrease in deposits was mainly due to placements in money market funds. Other investments were RM39,961,025. Goods stored at overseas warehouses rose to RM123,848,741 (2024: RM12,059,384), and trade payables included the same amount owed to suppliers for those goods. The trade payable bearing 8.125% interest fell to RM59,584,898. Accruals included RM11,722,507 of consultation fees.2025 年，营运活动所得现金净额降至 RM45,063,429。购置物业、厂房及设备为 RM8,558,960；年报所列资本支出为 RM8.6 million，其中 RM6.1 million 用于升级博彩机。已付股息为 RM27,735,353，借款保持为零。现金与银行结余降至 RM98,484,925。年报表示，存款减少主要是因为存放于货币市场基金。其他投资为 RM39,961,025。存放于海外仓库的货物升至 RM123,848,741（2024 年：RM12,059,384），贸易应付款项中包括就这些货物应付供应商的同额款项。年利率 8.125% 的贸易应付款项降至 RM59,584,898。应计费用中包括 RM11,722,507 的顾问费。
Source: annual report 2025, pages 16, 127, 129, 132, 133.出处：2025 年年报第 16、127、129、132、133 页。
Across the three years三年合看
Across the three years, the group had zero borrowings and kept banking facilities available. Cash and bank balances stood at RM148,935,386 in 2023, RM130,808,247 in 2024 and RM98,484,925 in 2025. Deposits pledged for banking facilities were RM5,429,039, RM5,575,221 and RM5,726,577. Cash held in trust by an associate was RM2,747,454 in 2023, RM6,022,366 in 2024 and RM6,174,839 in 2025. Dividends paid were RM10,785,972, RM67,797,510 and RM27,735,353. The company held 7,393,000 treasury shares at the end of each year (cost RM1,198,144 in the 2023 report). No proceeds were raised from corporate proposals.三年合看，集团借款为零，并保留可用的银行融资额度。现金与银行结余在 2023 年为 RM148,935,386、2024 年为 RM130,808,247、2025 年为 RM98,484,925。抵押给银行作为融资担保的存款分别为 RM5,429,039、RM5,575,221 与 RM5,726,577。由联营公司信托持有的现金在 2023 年为 RM2,747,454、2024 年为 RM6,022,366、2025 年为 RM6,174,839。已付股息分别为 RM10,785,972、RM67,797,510 及 RM27,735,353。公司每年年底均持有 7,393,000 股库存股（2023 年报所列成本为 RM1,198,144）。未从企业方案中筹集资金。
Source: annual report 2023, pages 13, 60, 125, 146; annual report 2024, pages 15, 66, 121, 154; annual report 2025, pages 16, 76, 129, 164.出处：2023 年年报第 13、60、125、146 页；2024 年年报第 15、66、121、154 页；2025 年年报第 16、76、129、164 页。
Still to be spent尚未支出的承诺
Capital commitments were RM34,160,000 at end 2023, of which RM30,794,000 was approved but not contracted for and RM3,366,000 contracted but not provided for. They were RM12,370,000 at end 2024, including RM11,650,000 approved but not contracted for gaming machines. At end 2025 they were RM5,100,000, including RM2,260,000 approved but not contracted for gaming machines and RM2,470,000 contracted for gaming machines (2024: nil). No corporate proposal proceeds remained to be spent.资本承诺在 2023 年底为 RM34,160,000，其中已批准但未签约 RM30,794,000，已签约但未拨备 RM3,366,000。2024 年底为 RM12,370,000，其中包括已批准但未签约的博彩机 RM11,650,000。2025 年底为 RM5,100,000，其中包括已批准但未签约的博彩机 RM2,260,000，以及已签约的博彩机 RM2,470,000（2024 年：无）。没有尚未动用的企业方案募集资金。
Source: annual report 2023, pages 133, 146; annual report 2024, pages 135, 154; annual report 2025, pages 143, 164.出处：2023 年年报第 133、146 页；2024 年年报第 135、154 页；2025 年年报第 143、164 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 | 272,543,152 | 699,302,319 | 760,745,785 | 348,872,485 |
| Profit before tax税前盈利 | 8,714,928 | 32,789,738 | 100,991,980 | 43,110,130 |
| Profit for the financial year年度盈利 | 3,821,767 | 21,211,141 | 91,009,696 | 36,810,747 |
| Net cash from operating activities营运活动所得现金净额 | 74,609,757 | 123,807,436 | 68,731,183 | 45,063,429 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (13,471,675) | (34,087,589) | (17,428,693) | (8,558,960) |
| Dividends paid已付股息 | 0 | (10,785,972) | (67,797,510) | (27,735,353) |
| Total assets总资产 | 465,232,923 | 436,148,987 | 679,513,228 | 708,698,014 |
| Total liabilities总负债 | 206,424,776 | 165,529,638 | 384,583,008 | 432,716,589 |
| Total equity总权益 | 258,808,147 | 270,619,349 | 294,930,220 | 275,981,425 |
| Cash and bank balances现金与银行结余 | 76,168,198 | 148,935,386 | 130,808,247 | 98,484,925 |
| Other investments其他投资 | 2,000,000 | 19,010,352 | 18,285,375 | 39,961,025 |
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 |
|---|---|---|
| Identifying a suitable candidate to be appointed as Chairman (2023)寻找合适的主席人选（2023） | The 2024 report repeated that the company did not have a Chairman and was endeavouring to identify a candidate.2024 年年报再次表示公司没有主席，正物色人选。 Source: annual report 2023, page 41; annual report 2024, page 46.出处：2023 年年报第 41 页；2024 年年报第 46 页。 | No Chairman named in the 2024 report2024 年报仍未委任主席 |
| Exploring over the long term the establishment of a formal dividend policy (2023)长期探索建立正式的股息政策（2023） | The 2024 and 2025 reports repeated that the Board continues to explore the establishment of a formal dividend policy.2024 和 2025 年年报再次表示董事会继续探索建立正式的股息政策。 Source: annual report 2023, page 14; annual report 2024, page 16; annual report 2025, page 17.出处：2023 年年报第 14 页；2024 年年报第 16 页；2025 年年报第 17 页。 | Still exploring仍在探索 |
| Strategically expanding its presence in Cambodia (2024)在战略上扩大在柬埔寨的业务（2024） | RGBL incorporated a new branch in Cambodia on 3 October 2025. Certain technical support and management outlets in Cambodia were temporarily closed from the beginning of June 2025.RGBL 于 2025 年 10 月 3 日在柬埔寨设立了新分行。柬埔寨部分技术支持与管理网点自 2025 年 6 月初起暂停营业。 Source: annual report 2024, page 16; annual report 2025, pages 17, 114.出处：2024 年年报第 16 页；2025 年年报第 17、114 页。 | New branch in 2025; some outlets temporarily closed2025 年设立新分行；部分网点暂停营业 |
| Expected to achieve a satisfactory performance in 2025 barring unforeseen circumstances (2024)在无不可预见情况下预期 2025 年取得令人满意的表现（2024） | Revenue fell by RM411.8 million to RM348.9 million and sales volume was below the annual target.营业额减少 RM411.8 million 至 RM348.9 million，且销量低于年度目标。 Source: annual report 2024, page 16; annual report 2025, pages 16, 19.出处：2024 年年报第 16 页；2025 年年报第 16、19 页。 | Revenue fell; sales volume below the annual target营业额下降；销量低于年度目标 |
What the reports leave open年报留下待看的事
- Certain technical support and management outlets in Cambodia have been temporarily closed since the beginning of June 2025. An impairment loss of RM416,261 was recognised on gaming machines due to the temporary closure of certain gaming outlets.柬埔寨部分技术支持与管理网点自 2025 年 6 月初起暂停营业。由于部分博彩网点暂停营业，集团就博彩机确认减值损失 RM416,261。
Source: annual report 2025, pages 17, 103.出处：2025 年年报第 17、103 页。
- Revenue expected to be recognised in future on performance obligations unsatisfied at year end was RM41,840,988 at end 2025, against RM62,359,737 at end 2024. The report says a few projects were postponed from 2025 to 2026.截至 2025 年底，未履行履约义务中预期未来确认的营业额为 RM41,840,988，2024 年底为 RM62,359,737。年报表示，有数个项目由 2025 年推迟至 2026 年。
Source: annual report 2025, pages 16, 124.出处：2025 年年报第 16、124 页。
- Inventories stored at overseas warehouses for distribution rose to RM123,848,741 at end 2025 (2024: RM12,059,384), matched by the same RM123,848,741 payable to suppliers.截至 2025 年底，存放于海外仓库用于分销的存货增至 RM123,848,741（2024 年：RM12,059,384），对应同额 RM123,848,741 的应付供应商款项。
Source: annual report 2025, pages 127, 132.出处：2025 年年报第 127、132 页。
- PAGCOR's Electronic Game Licensing Department approved applications by RGB Ltd (Philippines Branch) for a Game Aggregator License and a Game Content Provider License; the 2025 report lists this as business diversification.PAGCOR 电子游戏牌照部门批准了 RGB Ltd（菲律宾分行）申请的游戏聚合商牌照与游戏内容提供商牌照；2025 年报将此列为业务多元化。
Source: annual report 2025, page 27.出处：2025 年年报第 27 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。