DailySpaceSDS Group Berhad
0212 · Main Market主板 · annual reports 2024 to 2026, 384 entries read2024 至 2026 年报，共读出 384 条
The company这家公司
SDS Group Berhad is primarily involved in the manufacturing and retailing of bakery products. Its brands Top Baker and Daily's offer products for the mass market across Peninsular Malaysia and Singapore.SDS Group Berhad 主要从事烘焙产品的制造与零售。其品牌 Top Baker 和 Daily's 为马来西亚半岛与新加坡的大众市场提供产品。
Source: annual report 2024, page 4; annual report 2025, page 4.出处：2024 年年报第 4 页；2025 年年报第 4 页。
In 2026, wholesale contributed approximately RM205.5 million or 61.3% of group revenue, while retail contributed approximately RM129.7 million or 38.7%. No single customer contributed 10% or more to the group's revenue in 2024, 2025 or 2026.2026 年，批发业务贡献约 RM205.5 million 或集团营业额的 61.3%，零售业务则贡献约 RM129.7 million 或 38.7%。在 2024、2025 或 2026 年，没有任何单一客户贡献集团营业额的 10% 或以上。
Source: annual report 2024, page 124; annual report 2025, page 121; annual report 2026, pages 17, 18, 128.出处：2024 年年报第 124 页；2025 年年报第 121 页；2026 年年报第 17、18、128 页。
Tan Kim Seng and Tan Kim Chai are brothers. In the 2026 report, Tan Kim Chai holds 131,847,439 shares directly (24.49%) and 2,088,826 shares indirectly (0.39%), while Tan Kim Seng holds 127,054,373 shares directly (23.60%) and 10,435,826 shares indirectly (1.94%).Tan Kim Seng 与 Tan Kim Chai 是兄弟。在 2026 年报中，Tan Kim Chai 直接持有 131,847,439 股（24.49%）并间接持有 2,088,826 股（0.39%），而 Tan Kim Seng 直接持有 127,054,373 股（23.60%）并间接持有 10,435,826 股（1.94%）。
Source: annual report 2024, page 15; annual report 2026, page 146.出处：2024 年年报第 15 页；2026 年年报第 146 页。
Shares are also held in pledged securities accounts: Tan Kim Seng has 45,180,000 shares (8.39%) at Alliancegroup Nominees and 21,336,000 shares (3.96%) at Public Nominees, while Tan Kim Chai has 13,333,333 shares (2.48%) at Public Nominees and 8,000,000 shares (1.49%) at Alliancegroup Nominees. Tan Kee Jin and Tan Kee Meng are sons of Tan Kim Seng, while Tan Yon Haw is a nephew of Tan Kim Seng and Tan Kim Chai.部分股份存放于抵押证券账户：Tan Kim Seng 在 Alliancegroup Nominees 抵押 45,180,000 股（8.39%），在 Public Nominees 抵押 21,336,000 股（3.96%）；Tan Kim Chai 在 Public Nominees 抵押 13,333,333 股（2.48%），在 Alliancegroup Nominees 抵押 8,000,000 股（1.49%）。Tan Kee Jin 与 Tan Kee Meng 是 Tan Kim Seng 的儿子，而 Tan Yon Haw 是 Tan Kim Seng 与 Tan Kim Chai 的侄子。
Source: annual report 2024, pages 15, 16; annual report 2026, page 147.出处：2024 年年报第 15、16 页；2026 年年报第 147 页。
The company transferred its listing from the ACE Market to the Main Market of Bursa Malaysia on 8 May 2023. Director Phang Sze Fui resigned on 30 June 2024.该公司于 2023 年 5 月 8 日由马来西亚股票交易所创业板转至主板上市。董事 Phang Sze Fui 于 2024 年 6 月 30 日辞职。
Source: annual report 2024, pages 13, 19.出处：2024 年年报第 13、19 页。
Revenue by segment, 20262026 年各部门营业额占比
Source: annual report 2026, pages 17, 18.出处：2026 年年报第 17、18 页。
Major events大事记
Source: annual report 2024, page 19.出处：2024 年年报第 19 页。
Source: annual report 2024, page 74.出处：2024 年年报第 74 页。
Source: annual report 2024, page 13; annual report 2025, page 61.出处：2024 年年报第 13 页；2025 年年报第 61 页。
Source: annual report 2025, page 61.出处：2025 年年报第 61 页。
Source: annual report 2026, page 100.出处：2026 年年报第 100 页。
Source: annual report 2026, page 77.出处：2026 年年报第 77 页。
Source: annual report 2026, page 16.出处：2026 年年报第 16 页。
Source: annual report 2026, page 73.出处：2026 年年报第 73 页。
Revenue and profit营业额与盈利
Assets, equity and liabilities资产、权益与负债
20242024 年
Capital expenditure included RM14.4 million for three parcels of land in Mukim Tebrau for future factory expansion. Cash paid for property, plant and equipment was RM34.0 million. Dividends paid to shareholders were RM8.4 million. Repayments of lease liabilities were RM6.0 million, and term loan repayments were RM1.0 million against term loan drawdowns of RM0.6 million.资本支出包括以 RM14.4 million 收购位于 Mukim Tebrau 的三笔土地用于未来扩建厂房。购置物业、厂房与设备的现金支出为 RM34.0 million。向股东支付的股息为 RM8.4 million。偿还租赁负债为 RM6.0 million，偿还定期贷款为 RM1.0 million，定期贷款提取则为 RM0.6 million。
Source: annual report 2024, pages 19, 90.出处：2024 年年报第 19、90 页。
20252025 年
Cash paid for property, plant and equipment was RM25.7 million, with another RM1.2 million paid as deposits for future purchases. Dividends paid to shareholders were RM5.5 million. Repayments of lease liabilities were RM6.6 million, and term loan repayments were RM0.8 million against term loan drawdowns of RM0.4 million.购置物业、厂房与设备的现金支出为 RM25.7 million，另支付 RM1.2 million 作为未来采购的定金。向股东支付的股息为 RM5.5 million。偿还租赁负债为 RM6.6 million，偿还定期贷款为 RM0.8 million，定期贷款提取则为 RM0.4 million。
Source: annual report 2025, page 86.出处：2025 年年报第 86 页。
20262026 年
The group acquired factories, production lines and trademarks from Mamee Bakery Sdn. Bhd. for RM28.0 million, with RM13.7 million paid during the year. Cash paid for property, plant and equipment was RM24.8 million. Deposits paid for future purchases and land acquisition were RM11.8 million, including a deposit of RM10,170,171 for land in Mukim Tebrau. Dividends paid to shareholders were RM5.4 million, purchase of treasury shares took RM2.4 million, and repayment of lease liabilities took RM7.4 million.集团以 RM28.0 million 向 Mamee Bakery Sdn. Bhd. 收购厂房、生产线和商标，年内支付 RM13.7 million。购置物业、厂房与设备的现金支出为 RM24.8 million。未来采购与土地收购的定金支出为 RM11.8 million，其中包括 Mukim Tebrau 土地的 RM10,170,171 定金。向股东支付的股息为 RM5.4 million，购买库存股支出 RM2.4 million，偿还租赁负债支出 RM7.4 million。
Source: annual report 2026, pages 16, 91, 141.出处：2026 年年报第 16、91、141 页。
Across the three years三年合看
The group presented no debt-to-equity ratio in any of the three reports; cash and bank balances exceeded total external borrowings. Dividend declarations moved from 1.65 sen per share in FY2024 to 1.50 sen in FY2025, and reached RM8.1 million in FY2026 with a payout ratio of 30.3%. In FY2026, the company completed a bonus issue of 136,542,924 new ordinary shares, and repurchased 3,576,700 ordinary shares at an average price of approximately RM0.67 per share.集团在三份年报中均未呈报负债权益比率；现金与银行结余超过外部借款总额。宣布的股息由 2024 财政年度的每股 1.65 仙降至 2025 财政年度的 1.50 仙，并在 2026 财政年度达到 RM8.1 million，派息率为 30.3%。在 2026 财政年度，公司完成了 136,542,924 股新普通股的红股派发，并以平均每股约 RM0.67 的价格回购了 3,576,700 股普通股。
Source: annual report 2024, pages 19, 133; annual report 2025, pages 17, 131; annual report 2026, pages 17, 73, 139.出处：2024 年年报第 19、133 页；2025 年年报第 17、131 页；2026 年年报第 17、73、139 页。
Still to be spent尚未支出的承诺
On 30 January 2026, subsidiary London Bakery entered into a conditional Sale and Purchase Agreement to acquire freehold land in Mukim Tebrau for a total purchase consideration of RM101,701,710, with a deposit of RM10,170,171 paid. Downpayments paid for future purchases of property, plant and equipment and land acquisition stood at RM12,247,198. The acquisition of assets from Mamee Bakery Sdn. Bhd. had a total consideration of RM28.0 million, of which RM13.7 million was paid during FY2026.2026 年 1 月 30 日，子公司 London Bakery 签署有条件买卖协议，以总价 RM101,701,710 收购 Mukim Tebrau 的永久地契土地，已支付定金 RM10,170,171。用于未来采购物业、厂房与设备及土地收购的定金结余为 RM12,247,198。向 Mamee Bakery Sdn. Bhd. 收购资产的总代价为 RM28.0 million，其中 RM13.7 million 已于 2026 财政年度支付。
Source: annual report 2026, pages 16, 77, 91, 109, 141.出处：2026 年年报第 16、77、91、109、141 页。
Four years of figures四年数字
Group figures, in RM thousand (×1,000), as printed in the statements.集团数字，单位千令吉（×1,000），照财务报表所印。
| Group集团 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | RM'000千令吉 | |
| Revenue营业额 | 283,667 | 324,063 | 345,668 | 335,245 |
| Profit before taxation税前盈利 | 32,767 | 43,290 | 44,301 | 34,503 |
| Profit after taxation税后盈利 | 24,837 | 32,886 | 33,655 | 27,036 |
| Profit after tax attributable to owners of the Company归属于母公司业主的税后盈利 | 24,529 | 32,551 | 33,283 | 26,823 |
| Cash and bank balances现金与银行结余 | 27,519 | 29,975 | 44,594 | 27,596 |
| Total assets总资产 | 161,873 | 193,421 | 228,498 | 248,700 |
| Total liabilities总负债 | 57,795 | 64,902 | 72,434 | 73,841 |
| Total equity总权益 | 104,078 | 128,519 | 156,064 | 174,859 |
| Net cash for financing activities融资活动现金净额 | (20,598) | (15,879) | (13,905) | (16,585) |
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 |
|---|---|---|
| Solar renewable energy initiative at two manufacturing plants, with Johor Bahru completed and Seremban in progress (2024)在两家制造厂启动太阳能可再生能源项目，新山厂已完成，芙蓉厂在进行中（2024 年） | The solar project at both Johor Bahru and Seremban was finalised in 2025, generating 1,188,520 kWh of electricity in 2026.新山与芙蓉两地的太阳能项目于 2025 年全部落实，2026 年发电 1,188,520 kWh。 Source: annual report 2024, page 19; annual report 2025, page 17; annual report 2026, page 35.出处：2024 年年报第 19 页；2025 年年报第 17 页；2026 年年报第 35 页。 | Completed已完成 |
| To fill the Audit Committee vacancy within three months following the resignation of Phang Sze Fui on 30 June 2024在 Phang Sze Fui 于 2024 年 6 月 30 日辞职后，于三个月内填补审计委员会空缺 | The 2025 report shows only that the Audit Committee and Risk Management Committee were merged into the Audit and Risk Management Committee on 19 July 2024.2025 年报只显示审计委员会与风险管理委员会于 2024 年 7 月 19 日合并为审计与风险管理委员会。 Source: annual report 2024, page 60; annual report 2025, page 61.出处：2024 年年报第 60 页；2025 年年报第 61 页。 | Filling of the vacancy not shown未显示空缺是否填补 |
| Attained BeSS certificates for two outlets, with another three in the pipeline (2024)两家门店获得 BeSS 认证，另有三家在筹备中（2024 年） | Two outlets received BeSS certification from the Ministry of Health in 2025.2025 年有两家门店获得卫生部的 BeSS 认证。 Source: annual report 2024, page 21; annual report 2025, page 19.出处：2024 年年报第 21 页；2025 年年报第 19 页。 | Three more not shown另外三家未显示 |
| Acquisition of three parcels of land in Mukim Tebrau totalling RM14.4 million for expanding manufacturing facilities in future (2024)以总计 RM14.4 million 收购 Mukim Tebrau 的三笔土地用于未来扩建制造设施（2024 年） | The 2026 property list shows industrial land at Mukim Tebrau remains vacant, while the group announced the proposed acquisition of additional land in Tebrau to support longer term production requirements.2026 年产业清单显示 Mukim Tebrau 的工业用地仍为空置，同时集团宣布拟收购 Tebrau 的额外土地以支持长期生产需求。 Source: annual report 2024, page 19; annual report 2026, pages 16, 19, 144.出处：2024 年年报第 19 页；2026 年年报第 16、19、144 页。 | Land remains vacant土地仍为空置 |
| Pursuing development of Bakery Express to cater to demand for quick snacks prepared upon order (2025)推进 Bakery Express 的开发，以满足现点现做快餐小吃的需求（2025 年） | Ready-to-eat products were temporarily repositioned during FY2026, with a new series planned for launch through the Express outlet concept.即食产品在 2026 财政年度期间进行了临时重新定位，计划通过 Express 门店概念推出新系列。 Source: annual report 2025, page 18; annual report 2026, page 17.出处：2025 年年报第 18 页；2026 年年报第 17 页。 | Repositioned; launch planned重新定位；计划推出 |
What the reports leave open年报留下待看的事
- Shareholders' approval and completion of the proposed acquisition of freehold land Lot 900 in Mukim Tebrau for RM101,701,710, on which a deposit of RM10,170,171 was paid.以 RM101,701,710 收购 Mukim Tebrau Lot 900 永久地契土地的股东批准与完成情况，该交易已支付 RM10,170,171 定金。
Source: annual report 2026, pages 16, 77, 141.出处：2026 年年报第 16、77、141 页。
- Commencement of commercial production targeted for FY2027 at the factories and production lines acquired from Mamee Bakery Sdn. Bhd. for RM28.0 million.以 RM28.0 million 向 Mamee Bakery Sdn. Bhd. 收购的厂房与生产线，目标在 2027 财政年度开始商业化投产的情况。
Source: annual report 2026, pages 16, 18.出处：2026 年年报第 16、18 页。
- Valuation of the investment property, whose carrying amount at 31 March 2026 exceeded fair value by approximately RM301,000.投资产业的估值情况，其截至 2026 年 3 月 31 日的账面值较公允价值高出约 RM301,000。
Source: annual report 2026, page 106.出处：2026 年年报第 106 页。
- Disposal or distribution of 3,971,033 treasury shares held as at 31 March 2026, which increased to 7,844,733 treasury shares in the subsequent analysis of shareholdings.截至 2026 年 3 月 31 日持有的 3,971,033 股库存股的处理或分配，该数字在随后的股权分布表中增至 7,844,733 股。
Source: annual report 2026, pages 73, 146.出处：2026 年年报第 73、146 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。