Investment plans at the opening
SkyGate NHJ Technology plans a $30-million manufacturing investment in Penang, Malaysia, Bernama reported on 4 September 2026. At the Perai factory opening, CEO Jian Li forecast over 100 technical jobs and annual sales up to $25 million after full investment.
- First phase: $15 million for automated machining.
- Second phase: $15 million for semiconductor-component machining and inspection, digital twins and AI applications.
The August 2025 agreement
A SkyGate Solutions announcement dated 1 August 2025 recorded the shareholders' agreement between its wholly owned subsidiary SkyGate NHJ Sdn Bhd and New Jin Hai Pte Ltd. The agreement concerned investment in SkyGate NHJ Technology Sdn Bhd to operate an advanced precision-manufacturing business in Pulau Pinang. The listed parent identified the arrangement as a joint venture between the two companies. Its exchange announcement was filed as a non-related-party transaction, with reference number GA1-01082025-00008.
The parent group's manufacturing business in 2024
SkyGate Solutions' 2024 annual report described its electronics and electrical manufacturing business as specialising in precision sheet-metal fabrication, finishing and the design and production of moulds, tools and dies. Manufacturing revenue reached 24.32 million ringgit for the year, compared with 14.57 million in 2023. The group acquired rackform specialist VS Solution Services during 2024. Management said changing product designs, particularly substitution of plastic for metal components, had affected revenue streams. It was seeking opportunities in other market segments to diversify income, while describing the acquisition as an additional manufacturing revenue and earnings source.
The subsequent annual results
The 2025 annual report, available through SkyGate's investor-relations page in April 2026, recorded manufacturing revenue of 68.95 million ringgit for the year ended 31 December 2025. The segment's loss before tax narrowed to 1.03 million ringgit, from 1.88 million in 2024. Management's stated priorities were streamlining processes across manufacturing lines, using resources more efficiently, and reducing production costs and operating overheads. It also said it was pursuing alternative market segments to broaden income. These reported figures cover the parent group's manufacturing segment.
Leave a comment