# Samaiden Shifts Focus to Recurring Income via Renewable Energy Asset Expansion
*Author: Solar PV Expert | Category: news | Published: Wed Jun 10 2026 09:19:33 GMT+0000 (Coordinated Universal Time)*

### English
* **Order Book Security**: Samaiden has secured all solar panels for its current RM600 million order book, hedging against rising costs following China's removal of VAT export rebates.
* **Growth Strategy**: The company is transitioning toward recurring income by building a renewable energy (RE) asset portfolio, with an effective ownership capacity of approximately 202MW.
* **Key Projects**: Two major 99.9MW utility-scale solar farms in Kelantan and Johor are expected to be operational by October 2027, with full revenue contribution projected for FY2028.
* **Financial Outlook**: RE assets are expected to contribute 10%–15% of total revenue by FY2028, with net profit margins anticipated to improve from the historical 5.7%–7.9% range.
* **Risk Management**: Samaiden includes contractual clauses to pass VAT-related cost increases to clients and maintains strong industry partnerships by acting as both an EPCC contractor and minority investor.

### 中文
* **订单储备保障**：Samaiden 已为其目前 6 亿令吉的订单锁定了全部太阳能电池板供应，成功规避了中国取消增值税出口退税带来的成本上涨风险。
* **增长战略**：公司正通过构建可再生能源（RE）资产组合向经常性收入转型，有效装机容量约为 202 兆瓦。
* **核心项目**：位于吉兰丹和柔佛的两个 99.9 兆瓦大型太阳能光伏项目预计于 2027 年 10 月投入运营，并预计在 2028 财年实现全面营收贡献。
* **财务前景**：预计到 2028 财年，可再生能源资产将贡献总收入的 10% 至 15%，净利润率有望从过去 5.7% 至 7.9% 的水平进一步提升。
* **风险管理**：Samaiden 通过合同条款将增值税成本转嫁给客户，并作为 EPCC 承包商和少数股东参与项目，以维持良好的行业合作伙伴关系。