GCCP 41T

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Financials

Annual report

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7 tables

Consolidated Statement of Comprehensive Income

13 metrics

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Consolidated Statement of Comprehensive Income from Annual report
Metric / unit	2024Group	2023Group	Source
Income
RevenueRM	1,130,199	750,635	PDF p. 71
Cost of salesRM	(3,831,388)	(3,478,590)	PDF p. 71
SubtotalRM	(2,701,189)	(2,727,955)	PDF p. 71
Other incomeRM	306,175	16,201,082	PDF p. 71
Expenses
Selling and distribution expensesRM	–	(34,928)	PDF p. 71
General and administrative expensesRM	(6,387,353)	(8,454,883)	PDF p. 71
Finance costsRM	(50,176)	(281,426)	PDF p. 71
Other expensesRM	(1,417)	(2,100)	PDF p. 71
Income
(Loss)/profit before taxRM	(8,833,960)	4,699,790	PDF p. 71
Income tax expenseRM	(17,176)	(59,888)	PDF p. 71
(Loss)/profit and total comprehensive (loss)/income for the year attributable to equity holders of the CompanyRM	(8,851,136)	4,639,902	PDF p. 71
Per share
Basiccents per share	(0.65)	0.34	PDF p. 71
Dilutedcents per share	(0.65)	0.34	PDF p. 71

Definitions & sources

Original report: PDF p. 71 ↗

Statements of Financial Position — Group

24 metrics

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Statements of Financial Position — Group from Annual report
Metric / unit	2024Group	2023Group	Source
Non-current assets
Property, plant and equipmentRM	51,926,505	59,127,260	PDF p. 72
Investments in subsidiariesRM	–	–	PDF p. 72
Other receivablesRM	2,316,723	–	PDF p. 72
Total non-current assetsRM	54,243,228	59,127,260	PDF p. 72
Current assets
InventoriesRM	1,576,491	1,589,734	PDF p. 72
Trade and other receivablesRM	2,313,410	1,350,304	PDF p. 72
Tax recoverableRM	14,160	7,191	PDF p. 72
Cash and bank balancesRM	89,783	1,557,076	PDF p. 72
SubtotalRM	3,993,844	4,504,305	PDF p. 72
Assets
Total assetsRM	58,237,072	63,631,565	PDF p. 72
Equity attributable to equity holders of the Company
Share capitalRM	173,801,086	173,801,086	PDF p. 72
Treasury sharesRM	(9,086,355)	(9,086,355)	PDF p. 72
Other reservesRM	4,307,382	4,307,382	PDF p. 72
Accumulated lossesRM	(127,688,908)	(118,837,772)	PDF p. 72
Equity
Total equityRM	41,333,205	50,184,341	PDF p. 72
Non-current liabilities
Amount due to a related partyRM	66,317	76,720	PDF p. 72
Lease liabilitiesRM	374,016	640,624	PDF p. 72
Total non-current liabilitiesRM	440,333	717,344	PDF p. 72
Current liabilities
Trade and other payablesRM	16,102,831	12,246,916	PDF p. 72
Lease liabilitiesRM	360,703	464,145	PDF p. 72
Tax payableRM	–	18,819	PDF p. 72
Total current liabilitiesRM	16,463,534	12,729,880	PDF p. 72
Liabilities
Total liabilitiesRM	16,903,867	13,447,224	PDF p. 72
Equity and liabilities
Total equity and liabilitiesRM	58,237,072	63,631,565	PDF p. 72

Definitions & sources

Original report: PDF p. 72 ↗

Statements of Financial Position — Company

24 metrics

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Statements of Financial Position — Company from Annual report
Metric / unit	2024Company	2023Company	Source
Non-current assets
Property, plant and equipmentRM	–	–	PDF p. 72
Investments in subsidiariesRM	90,968,605	90,968,605	PDF p. 72
Other receivablesRM	–	–	PDF p. 72
Total non-current assetsRM	90,968,605	90,968,605	PDF p. 72
Current assets
InventoriesRM	–	–	PDF p. 72
Trade and other receivablesRM	13,002,793	14,322,320	PDF p. 72
Tax recoverableRM	–	–	PDF p. 72
Cash and bank balancesRM	–	–	PDF p. 72
SubtotalRM	13,002,793	14,322,320	PDF p. 72
Assets
Total assetsRM	103,971,398	105,290,925	PDF p. 72
Equity attributable to equity holders of the Company
Share capitalRM	173,801,086	173,801,086	PDF p. 72
Treasury sharesRM	(9,086,355)	(9,086,355)	PDF p. 72
Other reservesRM	4,307,382	4,307,382	PDF p. 72
Accumulated lossesRM	(85,132,801)	(79,796,151)	PDF p. 72
Equity
Total equityRM	83,889,312	89,225,962	PDF p. 72
Non-current liabilities
Amount due to a related partyRM	–	–	PDF p. 72
Lease liabilitiesRM	–	–	PDF p. 72
Total non-current liabilitiesRM	–	–	PDF p. 72
Current liabilities
Trade and other payablesRM	20,082,086	16,064,963	PDF p. 72
Lease liabilitiesRM	–	–	PDF p. 72
Tax payableRM	–	–	PDF p. 72
Total current liabilitiesRM	20,082,086	16,064,963	PDF p. 72
Liabilities
Total liabilitiesRM	20,082,086	16,064,963	PDF p. 72
Equity and liabilities
Total equity and liabilitiesRM	103,971,398	105,290,925	PDF p. 72

Definitions & sources

Original report: PDF p. 72 ↗

Consolidated Statement of Comprehensive Income

12 metrics

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Consolidated Statement of Comprehensive Income from Annual report
Metric / unit	2024Group	2023Group	Source
Income
RevenueRM	1,130,199	750,635	PDF p. 71
Cost of salesRM	(3,831,388)	(3,478,590)	PDF p. 71
Gross lossRM	(2,701,189)	(2,727,955)	PDF p. 71
Other incomeRM	306,175	16,201,082	PDF p. 71
Expenses
Selling and distribution expensesRM	–	(34,928)	PDF p. 71
General and administrative expensesRM	(6,387,353)	(8,454,883)	PDF p. 71
Finance costsRM	(50,176)	(281,426)	PDF p. 71
Other expensesRM	(1,417)	(2,100)	PDF p. 71
Profit or loss
(Loss)/profit before taxRM	(8,833,960)	4,699,790	PDF p. 71
Tax
Income tax expenseRM	(17,176)	(59,888)	PDF p. 71
Profit or loss and comprehensive income
(Loss)/profit and total comprehensive (loss)/income for the year attributable to equity holders of the CompanyRM	(8,851,136)	4,639,902	PDF p. 71
Per-share data
Basiccents per share	(0.65)	0.34	PDF p. 71

Definitions & sources

Original report: PDF p. 71 ↗

Consolidated Statement of Cash Flows

37 metrics

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Consolidated Statement of Cash Flows from Annual report
Metric / unit	2024Group	2023Group	Source
Operating activities
(Loss)/profit before taxRM	(8,833,960)	4,699,790	PDF p. 75
Operating activities — adjustments
Depreciation of property, plant and equipmentRM	4,185,085	4,261,438	PDF p. 75
Gain on disposal of property, plant and equipmentRM	(295,877)	(100,000)	PDF p. 75
Property, plant and equipment written offRM	3,118	–	PDF p. 75
Inventories written downRM	1,676,573	43,389	PDF p. 75
Interest incomeRM	(198)	(48,200)	PDF p. 75
Interest expensesRM	50,176	281,426	PDF p. 75
Gain on disposal of assets held for saleRM	–	(14,097,393)	PDF p. 75
Allowance for expected credit losses of trade receivablesRM	–	120,782	PDF p. 75
Forfeited depositRM	–	2,100	PDF p. 75
Write-off of trade payablesRM	–	(1,864,508)	PDF p. 75
Operating activities
Operating cash flows before movement in working capitalRM	(3,215,083)	(6,701,176)	PDF p. 75
Operating activities — changes in working capital
InventoriesRM	(1,663,330)	(1,035,034)	PDF p. 75
Trade and other receivablesRM	(182,026)	1,607,373	PDF p. 75
Trade and other payablesRM	379,865	(3,947,546)	PDF p. 75
Operating activities
Cash used in operationsRM	(4,680,574)	(10,076,383)	PDF p. 75
Interest receivedRM	198	48,200	PDF p. 75
Income tax paidRM	(42,964)	(89,951)	PDF p. 75
Net cash used in operating activitiesRM	(4,723,340)	(10,118,134)	PDF p. 75
Investing activities
Purchase of property, plant and equipment (Note 10)RM	(376,874)	(168,441)	PDF p. 75
Proceeds from disposal of property, plant and equipment (Note 10)RM	587,500	100,000	PDF p. 75
Proceeds from disposal of assets held for saleRM	–	24,339,285	PDF p. 75
Net cash generated from investing activitiesRM	210,626	24,270,844	PDF p. 75
Financing activities
Advances from directorsRM	3,474,439	–	PDF p. 76
Repayment to directorsRM	–	(1,644,353)	PDF p. 76
Repayment to a related partyRM	(8,792)	(2,275,722)	PDF p. 76
Decrease in pledged fixed depositsRM	–	384,250	PDF p. 76
Repayment of bank loansRM	–	(3,486,432)	PDF p. 76
Repayment of lease liabilitiesRM	(370,050)	(341,473)	PDF p. 76
Interest paid on amount due to a related partyRM	(3,791)	–	PDF p. 76
Interest paid on bank overdraftsRM	–	(163,356)	PDF p. 76
Interest paid on lease liabilitiesRM	(46,385)	(65,131)	PDF p. 76
Interest paid on bank loansRM	–	(52,939)	PDF p. 76
Net cash generated from/(used in) financing activitiesRM	3,045,421	(7,645,156)	PDF p. 76
Cash and cash equivalents
Net (decrease)/increase in cash and cash equivalentsRM	(1,467,293)	6,507,554	PDF p. 76
Cash and cash equivalents at beginning of financial yearRM	1,557,076	(4,950,478)	PDF p. 76
Cash and cash equivalents at end of financial year (Note 14)RM	89,783	1,557,076	PDF p. 76

Definitions & sources

Original report: PDF p. 75 ↗ PDF p. 76 ↗

Group loss/profit per share

2 metrics

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Group loss/profit per share from Annual report
Metric / unit	2024Group	2023Group	Source
Per-share data
Basic (loss)/profit per share attributable to equity holders of the Companycents per share	(0.65)	0.34	PDF p. 71
Diluted (loss)/profit per share attributable to equity holders of the Companycents per share	(0.65)	0.34	PDF p. 71

Definitions & sources

Original report: PDF p. 71 ↗

Per-share figures are from the consolidated statement of comprehensive income. The Group’s detailed per-share note reports the same values as RM cents per share. The report states that diluted loss/profit per share is similar to basic because there were no dilutive potential ordinary shares. See the detailed calculation table on physical page 92.

Group detailed per-share data

4 metrics

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Group detailed per-share data from Annual report
Metric / unit	2024Group	2023Group	Source
Per-share calculation
(Loss)/profit for the year attributable to equity holders of the CompanyRM	(8,851,136)	4,639,902	PDF p. 92
Weighted average number of ordinary shares outstanding for basic and diluted loss per shareordinary shares	1,356,945,976	1,356,945,976	PDF p. 92
Per-share data
Basic (loss)/profit per shareRM cents	(0.65)	0.34	PDF p. 92
Diluted (loss)/profit per shareRM cents	(0.65)	0.34	PDF p. 92

Definitions & sources

Original report: PDF p. 92 ↗

Basic and diluted (loss)/profit per share is calculated by dividing profit or loss for the year attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the financial year. As at 31 December 2024 and 2023, diluted (loss)/profit per share is similar to basic (loss)/profit per share as there were no dilutive potential ordinary shares.

Where the money comes from

Segment information

By business

Information about major customer 4 lines

Information about major customer
Item / unit	2024Group (RM)	2023Group (RM)	Source
Information about major customer
Customer 1RM	443,683	170,929	PDF p. 113
Customer 2RM	336,932	164,579	PDF p. 113
Customer 3RM	173,668	146,259	PDF p. 113
TotalRM	954,283	481,767	PDF p. 113

Notes

Revenue is derived from 3 (2023: 3) external customer(s) who individually contributed 10% or more of the Group's revenue.

The total row has no printed label.

By geography

Geographical information - sales to external customers and non-current assets 3 lines

Geographical information - sales to external customers and non-current assets — Group
Item / unit	2024Sales to external customers (RM)	2023Sales to external customers (RM)	2024Non-current assets (RM)	2023Non-current assets (RM)	Source
Geographical information
MalaysiaRM	956,531	750,635	51,926,505	59,127,260	PDF p. 113
ChinaRM	173,668	–	–	–	PDF p. 113
TotalRM	1,130,199	750,635	51,926,505	59,127,260	PDF p. 113

Notes

Revenue and non-current assets information based on the Group entities' country of domicile and locations in which the Group entities hold assets.

Non-current assets information presented above are non-current assets as presented on the consolidated statement of financial position, excluding other receivables.

The total row has no printed label.

Debt

Borrowings

Liquidity risk maturity profile - Group 2024 (contractual undiscounted, RM)

Liquidity risk maturity profile - Group 2024 (contractual undiscounted, RM) — Group
Item / unit	2024within 1 year	2024within 2 years	2024more than 5 years	2024total	Source
Group 2024
Lease liabilitiesRM	381,299	318,988	94,844	795,131	PDF p. 110
Amount due to a related partyRM	14,872	54,912	20,313	90,097	PDF p. 110

Notes

Column headers printed as Within 1 year, Within 2 years, More than 5 years, Total. Amount due to a related party label wraps across two lines ('Amount due to a related' / 'party'). Bucket headings as printed; no 1-5 year label beyond 'Within 2 years'.

Liquidity risk maturity profile - Group 2023 (contractual undiscounted, RM)

Liquidity risk maturity profile - Group 2023 (contractual undiscounted, RM) — Group
Item / unit	2023within 1 year	2023within 2 years	2023more than 5 years	2023total	Source
Group 2023
Lease liabilitiesRM	505,448	591,234	114,884	1,211,566	PDF p. 110
Amount due to a related partyRM	13,727	54,912	34,041	102,680	PDF p. 110

Notes

Column headers as printed: Within 1 year, Within 2 years, More than 5 years, Total.

Borrowing notes 1 tables

Lease liabilities - Group (non-current and current)

Lease liabilities - Group (non-current and current) — Group
Item / unit	2024RM	2023RM	Source
Lease liabilities
Non-currentRM	374,016	640,624	PDF p. 100
CurrentRM	360,703	464,145	PDF p. 100
Total lease liabilities (unlabelled total line)RM	734,719	1,104,769	PDF p. 100

Notes

Total row has no printed label. Report has no bank borrowings at 31 Dec 2024 or 2023; the bank loans were repaid in 2023 (cash flow statement). Lease terms: leasehold lands average tenure 27 to 92 years; motor vehicles and plant and machinery 3 to 5 years. No interest rate range or currency breakdown was found.

Payout

Dividends & distributions

Dividends declared and proposed

Item	Value	Period / scope	Source
Dividends for FY2024	The Company did not declare dividends for FY2024 due to the losses recorded	Company, FY2024	PDF p. 39

Extracted from Annual report and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

Item	Value	Period / scope	Source
Audit firm	Baker Tilly TFW LLP	Group and Company, FY ended 31 December 2024	PDF p. 70
Engagement partner	Hu Weisheng	Group and Company, FY ended 31 December 2024	PDF p. 70
Appropriateness of the going concern assumption	we are unable to obtain sufficient appropriate audit evidence to conclude as to the appropriateness of the use of the going concern assumption in the preparation of these financial statements.	Group and Company, FY ended 31 December 2024	PDF p. 67
Impairment assessment of property, plant and equipment	Accordingly, we are unable to determine whether any adjustments might be necessary in respect of the net carrying value of the Group’s property, plant and equipment as at 31 December 2024.	Group, 31 December 2024	PDF p. 68
Impairment assessment of investments in subsidiaries and amounts due from subsidiaries	Management determined that no further impairment loss is required on the Company’s investments in the subsidiaries and amounts due from subsidiaries as at 31 December 2024 based on impairment tests performed.	Company, 31 December 2024	PDF p. 69

Going concern

Item	Value	Period / scope	Source
Going concern assumption	These factors indicate the existence of material uncertainties which may cast significant doubt about the ability of the Group and the Company to continue as going concerns	Group and Company, FY ended 31 December 2024	PDF p. 84

Extracted from Annual report and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow Annual report, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.