DailySpaceGDB Holdings Berhad
0198 · Main Market主板 · annual reports 2023 to 2025, 585 entries read2023 至 2025 年报，共读出 585 条
The company这家公司
GDB Holdings Berhad's wholly owned subsidiary Grand Dynamic Builders Sdn Bhd is registered with CIDB as a Grade G7 contractor to tender for projects of unlimited value, focusing on residential, commercial and mixed development projects as main contractor and principal works contractor.GDB Holdings Berhad 的全资子公司 Grand Dynamic Builders Sdn Bhd 是在马来西亚建筑工业发展局（CIDB）注册的 G7 级承包商，可投标不限金额的工程，以总承包商与主要工程承包商身份承接住宅、商业及综合开发项目。
Source: annual report 2023, page 2; annual report 2024, page 2.出处：2023 年年报第 2 页；2024 年年报第 2 页。
In 2025, GDB incorporated GDB Infra Sdn Bhd and GDB Development Sdn Bhd, followed by GDB Resources Sdn Bhd in March 2026, marking an entry into civil infrastructure and property development.2025 年，GDB 设立了 GDB Infra Sdn Bhd 和 GDB Development Sdn Bhd，随后于 2026 年 3 月设立了 GDB Resources Sdn Bhd，涉足土木基础设施与房地产开发业务。
Source: annual report 2025, pages 3, 21.出处：2025 年年报第 3、21 页。
The group operates in one business segment entirely in Malaysia. In 2025, Customer A contributed RM422,949,908, Customer B contributed RM198,086,095, and Customer C contributed RM123,855,044.集团单一业务部门全部在马来西亚营运。2025 年，客户 A 贡献营业额 RM422,949,908，客户 B 贡献 RM198,086,095，客户 C 贡献 RM123,855,044。
Source: annual report 2023, page 139; annual report 2024, page 134; annual report 2025, pages 179, 185.出处：2023 年年报第 139 页；2024 年年报第 134 页；2025 年年报第 179、185 页。
In 2023 and 2024, CHC Holdings Sdn. Bhd. held 458,850,000 shares (48.94%) and Alexander Lo Tzone Leong held 197,539,350 shares (21.07%), together holding 70.01% of the shares.2023 与 2024 年，CHC Holdings Sdn. Bhd. 持有 458,850,000 股（48.94%），Alexander Lo Tzone Leong 持有 197,539,350 股（21.07%），两人合计持有 70.01% 股份。
Source: annual report 2023, pages 155, 156; annual report 2024, page 151.出处：2023 年年报第 155、156 页；2024 年年报第 151 页。
In the directors' interests table, Cheah Ham Cheia's interest fell from 458,850,000 to 305,070,000 shares during 2025, and Alexander Lo Tzone Leong's from 197,539,350 to 116,944,350 shares. In the 2025 report's shareholder list, CHC Holdings Sdn. Bhd. held 116,945,000 shares (11.34%), Alexander Lo Tzone Leong 116,944,350 shares (11.34%), and Andy Lai Wee Young 135,309,700 shares (13.12%), including 50,908,654 shares (4.94%), 47,401,046 shares (4.60%) and 37,000,000 shares (3.59%) held through pledged securities accounts.董事权益表显示，2025 年内 Cheah Ham Cheia 的权益由 458,850,000 股降至 305,070,000 股，Alexander Lo Tzone Leong 由 197,539,350 股降至 116,944,350 股。2025 年年报的股东名单中，CHC Holdings Sdn. Bhd. 持有 116,945,000 股（11.34%），Alexander Lo Tzone Leong 持有 116,944,350 股（11.34%），Andy Lai Wee Young 持有 135,309,700 股（13.12%），其中包括通过质押证券账户持有的 50,908,654 股（4.94%）、47,401,046 股（4.60%）和 37,000,000 股（3.59%）。
Source: annual report 2025, pages 148, 205, 206.出处：2025 年年报第 148、205、206 页。
Cheah Ham Cheia is the father of Executive Director Cheah Jun Kai. On 16 December 2025, Cheah Ham Cheia resigned as Group Managing Director and became alternate director to Cheah Jun Kai, while Andy Lai Wee Young was appointed Acting Group Managing Director.Cheah Ham Cheia 是执行董事 Cheah Jun Kai 的父亲。2025 年 12 月 16 日，Cheah Ham Cheia 辞任集团董事总经理并转任 Cheah Jun Kai 的候补董事，Andy Lai Wee Young 获委任为代集团董事总经理。
Source: annual report 2023, page 10; annual report 2024, page 10; annual report 2025, pages 10, 12, 13, 22.出处：2023 年年报第 10 页；2024 年年报第 10 页；2025 年年报第 10、12、13、22 页。
Major events大事记
Source: annual report 2023, page 93.出处：2023 年年报第 93 页。
Source: annual report 2023, page 18.出处：2023 年年报第 18 页。
Source: annual report 2023, page 21.出处：2023 年年报第 21 页。
Source: annual report 2024, page 21.出处：2024 年年报第 21 页。
Source: annual report 2025, page 142.出处：2025 年年报第 142 页。
Source: annual report 2025, pages 10, 13.出处：2025 年年报第 10、13 页。
Source: annual report 2025, page 199.出处：2025 年年报第 199 页。
Source: annual report 2025, page 196.出处：2025 年年报第 196 页。
Revenue, profit and operating cash营业额、税前盈利与营运现金
Assets and equity资产与权益
Cash, fixed deposits and short-term investments现金、定期存款与短期投资
20232023 年
Revenue fell by 37.3% to RM319.6 million from RM510.1 million. Cash and cash equivalents rose by 137.6% to RM69.0 million from RM29.0 million. Proceeds from disposal of plant and equipment were RM2,814,969, while purchases of plant and equipment were RM1,787,247. The group held no bank borrowings and declared no dividend for the year.营业额下降 37.3% 至 RM319.6 million（上年为 RM510.1 million）。现金及现金等价物增长 137.6% 至 RM69.0 million（上年为 RM29.0 million）。脱售厂房及设备所得为 RM2,814,969，购置厂房及设备支出为 RM1,787,247。集团无银行借款，且本年度未宣派股息。
Source: annual report 2023, pages 18, 22, 84, 102.出处：2023 年年报第 18、22、84、102 页。
20242024 年
Net cash from operating activities dropped to RM99,561. An impairment loss of RM10,000,000 was recognized on trade receivables from the 8 Conlay project. Purchases of plant and equipment were RM2,479,956 and proceeds from disposal of plant and equipment were RM2,107,613. The board declared an interim dividend of 0.7 sen per share amounting to approximately RM6.6 million.营运活动所得现金净额降至 RM99,561。对 8 Conlay 项目的贸易应收款项计提了 RM10,000,000 减值损失。购置厂房及设备为 RM2,479,956，脱售厂房及设备所得为 RM2,107,613。董事会宣布派发每股 0.7 仙的中期股息，总额约为 RM6.6 million。
Source: annual report 2024, pages 18, 109, 110, 121, 122.出处：2024 年年报第 18、109、110、121、122 页。
20252025 年
Revenue reached RM748.1 million and net cash from operating activities was RM104,394,450. A further impairment loss of RM52.0 million was recognized on trade receivables from the 8 Conlay project. The company raised net proceeds of RM39,043,079 from the issuance of 93,750,000 ordinary shares under a private placement. Purchases of property, plant and equipment were RM5,680,510, while short-term investment placements were RM75,755,809. Dividends paid amounted to RM15,937,500.营业额达 RM748.1 million，营运活动所得现金净额为 RM104,394,450。对 8 Conlay 项目贸易应收款项进一步计提 RM52.0 million 减值损失。公司通过私募配售发行 93,750,000 股普通股，募得净额 RM39,043,079。购置物业、厂房及设备支出 RM5,680,510，短期投资投放 RM75,755,809。已付股息总额为 RM15,937,500。
Source: annual report 2025, pages 21, 25, 142, 145, 146, 158, 161, 162, 181.出处：2025 年年报第 21、25、142、145、146、158、161、162、181 页。
Across the three years三年合看
GDB operated with zero bank borrowings throughout the period. Total impairment allowances on trade receivables reached RM62,000,000 at end 2025. Outstanding order book moved from RM398 million in 2023 to RM1.31 billion in 2024 and RM550.0 million at end 2025.在此期间 GDB 始终保持零银行借款。截至 2025 年底，贸易应收款项累计减值拨备达 RM62,000,000。未完成订单总额从 2023 年的 RM398 million 变为 2024 年的 RM1.31 billion，并在 2025 年底达 RM550.0 million。
Source: annual report 2023, pages 18, 22; annual report 2024, pages 35, 143; annual report 2025, pages 21, 25, 61, 174, 188, 193.出处：2023 年年报第 18、22 页；2024 年年报第 35、143 页；2025 年年报第 21、25、61、174、188、193 页。
Still to be spent尚未支出的承诺
Unutilised IPO proceeds of RM8.0 million earmarked for the acquisition of land for storage had their timeframe extended to 26 March 2026, and further to 26 March 2028. From the private placement, RM9.04 million of proceeds remained for future projects.预留用于收购仓储用地的剩余 RM8.0 million 首次公开售股所得款项，动用期限已延长至 2026 年 3 月 26 日，随后进一步延长至 2028 年 3 月 26 日。私募配售募集所得中，有 RM9.04 million 留待用于未来项目。
Source: annual report 2023, page 80; annual report 2024, page 88; annual report 2025, pages 140, 141, 142.出处：2023 年年报第 80 页；2024 年年报第 88 页；2025 年年报第 140、141、142 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 | 510,055,155 | 319,648,619 | 258,228,996 | 748,091,738 |
| Profit before taxation税前盈利 | 21,796,178 | 10,929,821 | 40,013,228 | 69,057,634 |
| Profit after taxation attributable to owners归属母公司股东净利 | 17,198,714 | 8,033,421 | 26,754,722 | 54,260,957 |
| Net cash from operating activities营运活动所得现金净额 | (34,139,053) | 30,120,601 | 99,561 | 104,394,450 |
| Purchase of property, plant and equipment购买物业、厂房及设备 | (1,149,411) | (1,787,247) | (2,479,956) | (5,680,510) |
| Dividends paid已付股息 | (6,562,500) | 0 | 0 | (15,937,500) |
| Total assets总资产 | 368,652,088 | 346,711,236 | 372,705,165 | 485,750,594 |
| Total equity总权益 | 160,919,172 | 169,253,190 | 195,986,125 | 273,525,607 |
| Cash and bank balances现金与银行结余 | 8,200,041 | 46,589,143 | 24,041,885 | 27,794,585 |
| Fixed deposits with licensed banks定期存款 | 17,223,130 | 9,968,832 | 9,170,536 | 26,347,751 |
| Short-term investments短期投资 | 20,844,206 | 22,427,564 | 47,899,448 | 151,930,110 |
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 |
|---|---|---|
| Utilising the remaining IPO proceeds of RM8.0 million for land acquisition by 26 March 2026在 2026 年 3 月 26 日前动用剩余的 RM8.0 million 首次公开售股所得款项收购土地 | As of 31 December 2024 the RM8.0 million was unutilised, and the timeframe was later extended to 26 March 2028.截至 2024 年 12 月 31 日该 RM8.0 million 仍未动用，其后期限进一步延长至 2028 年 3 月 26 日。 Source: annual report 2023, page 80; annual report 2024, page 88; annual report 2025, page 140.出处：2023 年年报第 80 页；2024 年年报第 88 页；2025 年年报第 140 页。 | Extended again再度延期 |
| The 25-month contract for KL International Hospital commenced on 16 March 2024 was targeted for completion on 15 April 2026.2024 年 3 月 16 日开工的吉隆坡国际医院 25 个月合约，目标于 2026 年 4 月 15 日完工。 | The 2025 report noted that the project was under construction at approximately 75% completed.2025 年报指出该项目正在施工中，完成度约为 75%。 Source: annual report 2023, page 21; annual report 2025, page 105.出处：2023 年年报第 21 页；2025 年年报第 105 页。 | Still in progress进行中 |
| Striving to resume dividend payments once earnings visibility, project wins, and litigation debt recovery become clear在盈利前景、项目中标及诉讼追讨欠款明朗后，争取恢复派发股息 | The board declared an interim dividend of 0.7 sen per share for 2024 and total dividends of 1.0 sen per ordinary share for 2025.董事会就 2024 财政年度宣布派发每股 0.7 仙中期股息，并就 2025 财政年度宣布每股普通股共 1.0 仙股息。 Source: annual report 2023, page 23; annual report 2024, page 18; annual report 2025, page 21.出处：2023 年年报第 23 页；2024 年年报第 18 页；2025 年年报第 21 页。 | Resumed已恢复派息 |
| Logistic Hub Plot B targeting GreenRE GOLD certification and Metrohub 4 targeting LEED GOLD certificationLogistic Hub Plot B 瞄准 GreenRE 金级认证，Metrohub 4 瞄准 LEED 金级认证 | The 2025 report recorded Logistics Hub Plot B as pursuing GreenRE Gold certification, while ongoing projects were scheduled for completion in FY2026.2025 年报记录 Logistics Hub Plot B 正在争取 GreenRE 金级认证，在建项目计划于 2026 财政年度完工。 Source: annual report 2024, page 41; annual report 2025, pages 24, 77.出处：2024 年年报第 41 页；2025 年年报第 24、77 页。 | Still in progress进行中 |
| Exploring opportunities to expand into civil and infrastructure construction探索拓展至土木与基础设施建筑领域的机会 | In 2025 GDB incorporated GDB Infra Sdn Bhd, and by 18 March 2026 secured three new projects in Sarawak totalling RM236.9 million.2025 年 GDB 设立了 GDB Infra Sdn Bhd，并在 2026 年 3 月 18 日前在砂拉越斩获三个总值 RM236.9 million 的新项目。 Source: annual report 2023, page 23; annual report 2024, page 23; annual report 2025, pages 3, 24.出处：2023 年年报第 23 页；2024 年年报第 23 页；2025 年年报第 3、24 页。 | Subsidiary set up; three Sarawak projects won已设立子公司；赢得三个砂拉越项目 |
What the reports leave open年报留下待看的事
- The appeal filed on 6 March 2026 by KSK Land Sdn Bhd against the High Court judgment awarding RM102,076,171.93 to GDBSB.KSK Land Sdn Bhd 于 2026 年 3 月 6 日就高等法院判决向 GDBSB 支付 RM102,076,171.93 所提出的上诉。
Source: annual report 2025, page 199.出处：2025 年年报第 199 页。
- Recovery of the remaining DCSB trade receivables of approximately RM37.42 million and contract assets of approximately RM48.32 million, after RM62,000,000 in impairment allowances.在计提 RM62,000,000 减值拨备后，DCSB 剩余约 RM37.42 million 贸易应收款项及约 RM48.32 million 合约资产的追讨进展。
Source: annual report 2025, pages 153, 174, 188.出处：2025 年年报第 153、174、188 页。
- Execution of the RM32.72 million land acquisition in Sarawak and the planned mixed-use project with an estimated Gross Development Value of RM700 million.砂拉越 RM32.72 million 购地交易的执行，以及预计总开发总值 RM700 million 综合开发项目的推进情况。
Source: annual report 2025, pages 25, 196.出处：2025 年年报第 25、196 页。
- Utilisation of the remaining RM8.0 million IPO proceeds earmarked for storage land ahead of the extended deadline of 26 March 2028.用于收购仓储用地的剩余 RM8.0 million 首次公开售股款项在延期至 2028 年 3 月 26 日的截止日期前的动用进展。
Source: annual report 2025, pages 140, 141.出处：2025 年年报第 140、141 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。