富乐客 2024年度报告

FORM10-K ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscalyear endedFebruary 1, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromtoCommission File No.1-10299 (Exact name of registrant as specified in its charter) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d)of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934 during thepreceding 12months (or for such shorter period that the Registrant was required to file such reports), and (2)has been subject to such filing requirements for the past90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T(§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such files).Yes⌧No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growthcompany. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company"in Rule12b-2 of the ExchangeAct. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). Yes☐No☒ 94,954,372 $1,319,697,917* *For purposes of this calculationonly (a)all non-employee directors plus six executive officers and owners of 5% or more of the registrant are deemed to be affiliates ofthe registrant, and (b)shares deemed to be "held"by such persons include only outstanding shares of the registrant's voting stock with respect to which such personshad, on such date, voting or investment power. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant's definitive Proxy Statement (the "Proxy Statement") to be filed in connection with the Annual Meeting of Shareholders to be held on May21,2025 are incorporated by reference inPartIII. TABLE OF CONTENTS PARTI Item1.Business1Item1A.Risk Factors3Item1B.Unresolved Staff Comments15Item 1C.Cybersecurity15Item2.Properties16Item3.Legal Proceedings16Item4.Mine Safety Disclosures16Item4A.Information about our Executive Officers17 Item5.Market for the Company's Common Equity, Related Shareholder Matters, and Issuer Purchases ofEquity Securities18Item6.Selected Financial Data19Item7.Management's Discussion and Analysis of Financial Condition and Results of Operations20Item7A.Quantitative and Qualitative Disclosures About Market Risk33Item8.Consolidated Financial Statements and Supplementary Data33Item9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure75Item9A.Controls and Procedures75Item9B.Other Information77Item9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections77 Item10.Directors, Executive Officers, and Corporate Governance77Item11.Executive Compensation78Item12.Security Ownership of Certain Beneficial Owners and Management and Related ShareholderMatters78Item13.Certain Relationships and Related Transactions, and Director Independence78Item14.Principal Accounting Fees and Services78 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K includes "forward-looking" statements within the meaning of the Private SecuritiesLitigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictlyto historical or current facts. They often include words such as "believes," "expe