香港生力啤二零二五年一月至六月中期报告

CORPORATE INFORMATION 董事會 BOARD OF DIRECTORSChairman Ramon S. Ang(Non-executive Director) Deputy ChairmanCarlos Antonio M. Berba(Non-executive Director) Executive DirectorChan Weng Kheong 非執行董事 Non-Executive Directors Aurora T. Calderon* Aurora T. Calderon(appointed effective 24 February 2025)May (Michelle) W. M. ChanYoshinori Inazumi*Katsuhisa NoseFumiaki Ozawa 獨立非執行董事 Independent Non-Executive Directors Alonzo Q. AnchetaThelmo Luis O. CunananGBM, JPReynato S. PunoMaria Aileen A. SazonGBM, JP Alonzo Q. Ancheta(resigned effective 28 July 2025)Thelmo Luis O. CunananDavid K.P. Li,GBM, JPReynato S. PunoMaria Aileen A. Sazon(appointed effective 28 July 2025)Sum Li, Alternate to David K. P. Li,GBM, JP 審核委員會 AUDIT COMMITTEE GBM, JPAlonzo Q. AnchetaThemo Luis O. CunananReynato S. Puno David K.P. Li,GBM, JP,ChairmanAlonzo Q. Ancheta (resigned effective 28 July 2025) Thelmo Luis O. CunananReynato S. Puno (appointed effective 28 July 2025) 薪酬委員會 REMUNERATION COMMITTEE Reynato S. PunoAurora T. CalderonThemo Luis O. CunananGBM, JP Reynato S. Puno,ChairmanCarlos Antonio M. BerbaAurora T. Calderon(appointed effective 24 February 2025)Thelmo Luis O. CunananDavid K.P. Li,GBM, JP 提名委員會 NOMINATION COMMITTEE Alonzo Q. AnchetaThelmo Luis O. CunananGBM, JPReynato S. PunoMaria Aileen A. Sazon Alonzo Q. Ancheta,Chairman (resigned effective 28 July 2025) Thelmo Luis O. Cunanan,Chairman(appointed as Chairman effective 28 July 2025)David K.P. Li,GBM, JPFumiaki OzawaReynato S. PunoMaria Aileen A. Sazon(appointed effective 28 July 2025) 公司秘書 COMPANY SECRETARY Lo Chi Yip 1香港生力啤酒廠有限公司二零二五年一月至六月中期報告 CORPORATE INFORMATION 核數師 AUDITOR KPMGPublic Interest Entity Auditorregistered in accordance with theAccounting and Financial Reporting Council Ordinance Certified Public Accountants8th Floor, Prince’s Building10 Chater RoadCentralHong Kong 律師 SOLICITOR Gallant, Solicitors & Notaries5th Floor, Jardine House,1 Connaught Place,CentralHong Kong 註冊辦事處 REGISTERED OFFICE 9th FloorCitimark Building28 Yuen Shun CircuitSiu Lek YuenShatin, New TerritoriesHong Kong 股份過戶登記處 SHARE REGISTRAR Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong 主要往來銀行 PRINCIPAL BANKERS Agricultural Bank of China LimitedAustralia and New Zealand Banking Group LimitedBank of China (Hong Kong) LimitedBank of China LimitedChina Construction Bank (Asia) Corporation LimitedGuangdong Shunde Rural Commercial Bank Company LimitedIndustrial and Commercial Bank of China (Asia) LimitedStandard Chartered Bank (Hong Kong) LimitedThe Bank of East Asia (China) LimitedThe Bank of East Asia, LimitedThe Hongkong and Shanghai Banking Corporation Limited * *Mr. Yoshinori Inazumi has tendered his resignation as a non-executivedirector of the Company with effect from 1 September 2025. Mr. TatsuyaNagafuji was appointed to replace Mr. Yoshinori Inazumi as a non-executive director of the Company with effect from 1 September 2025. 2SAN MIGUEL BREWERY HONG KONG LTD.INTERIM REPORT January to June 2025 8 —16 In this report, all monetary values are expressed in Hong Kong dollarsunless stated otherwise. CHAIRMAN’S STATEMENT To Our Shareholders, 財務業績 Financial Results 5,1103,85033%4,9603,760 San Miguel Brewery Hong Kong Limited (the “Company”) and itssubsidiaries (the “Group”) registered a consolidated profit of HK$51.1million in the first semester of 2025, reflecting a 33% increase fromHK$38.5 million in 2024. As a result, net profit attributable to equityshareholders for 2025 rose to HK$49.6 million, up from HK$37.6 millionthe previous year. 3.903.2%1.5611.6%39.9% The Group’s consolidated revenue was HK$390.3 million, 3.2% higherthan in 2024. Gross profit reached HK$155.7 million, a 11.6% increaseversus 2024, with a gross profit margin of 39.9%. 2.502.17 As of 30 June 2025, cash and bank balances amounted to HK$249.6million (HK$216.5 million as of 31 December 2024). 3603506.696.350.010.01 Loans as of 30 June 2025 was at HK$3.6 million (HK$3.5 million as of 31December 2024). Total net assets stood at HK$668.6 million (HK$634.8million as of 31 December 2024), with a loan-to-equity ratio of 0.01 (31December 2024: 0.01). 股息 Dividends The Board resolved that no dividends will be declared for the six monthsended 30 June 2025. CHAIRMAN’S STATEMENT 業務回顧 Business Review 香港業務 Hong Kong Operations 3%1%4% Hong Kong’s economy recorded moderate growth in the first quarter of2025, with real GDP rising by 3% year-on-year, largely driven by robustexternal demand. However, private consumption contracted by 1%,reflecting structural shifts in consumer behavior influenced by changingtourism patterns, cross-border retail competition, and evolving lifestylepreferences. Retail sales continued to decline, falling by 4% over the firstfive months of the year, underscoring persistent weakness in domesticdemand. 4%4%14% The Company’s total domestic volumes declined by 4% in the f