日清食品2025中期报告

(Incorporated in Hong Kong with limited liability)Stock Code1475 CONTENTS 02Corporate Information 04Management Discussion and Analysis 16Other Information 24Report on Review of Condensed Consolidated FinancialStatements 26Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income 27Condensed Consolidated Statement of Financial Position 29Condensed Consolidated Statement of Changes in Equity 32Condensed Consolidated Statement of Cash Flows 34Notes to the Condensed Consolidated Financial Statements CORPORATE INFORMATION As at 26 August 20252025826 BOARD OF DIRECTORS 安藤清隆先生藤縄利通先生（於2025年7月1日辭任）辰谷真次先生松浦潔先生廣井克則先生奚曉彤先生八木孝幸先生（於2025年7月1日獲委任） Executive Directors Mr. Kiyotaka AndoMr. Toshimichi Fujinawa(resigned on 1 July 2025)Mr. Shinji TatsutaniMr. Kiyoshi MatsuuraMr. Katsunori HiroiMr. Xi XiaotongMr. Takayuki Yagi(appointed on 1 July 2025) 高橋勝先生中野幸江教授坂井利彰教授伊藤惠子教授 Independent Non-executive Directors Mr. Masaru TakahashiProfessor Lynne Yukie NakanoProfessor Toshiaki SakaiProfessor Keiko Ito AUDIT COMMITTEE 高橋勝先生（主席）中野幸江教授坂井利彰教授 Mr. Masaru Takahashi(Chairman)Professor Lynne Yukie NakanoProfessor Toshiaki Sakai REMUNERATION COMMITTEE 高橋勝先生（主席）安藤清隆先生中野幸江教授 Mr. Masaru Takahashi(Chairman)Mr. Kiyotaka AndoProfessor Lynne Yukie Nakano NOMINATION COMMITTEE 安藤清隆先生（主席）高橋勝先生中野幸江教授 Mr. Kiyotaka Ando(Chairman)Mr. Masaru TakahashiProfessor Lynne Yukie Nakano 羅泰安先生 COMPANY SECRETARYMr. Lo Tai On AUDITOR 德勤•關黃陳方會計師行執業會計師註冊公眾利益實體核數師 Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor LEGAL ADVISORSCFN Lawyers 陳馮吳律師事務所 SENIOR MANAGEMENT 饗庭彰文先生福岡聖先生古春雷先生菊永健先生小森裕先生劉永亮先生（於2025年6月18日辭任）繁實建史先生孫春利先生（於2025年7月1日獲委任）鄧婉雯女士（於2025年8月14日辭任）謝志平先生王惠芳女士趙雄達先生（排序按高級管理層成員姓氏的英文字母順序排列。） Mr. Akifumi AibaMr. Hijiri FukuokaMr. Gu ChunleiMr. Takeshi KikunagaMr. Yutaka KomoriMr. Lau Wing Leung Max(resigned on 18 June 2025)Mr. Takeshi ShigemiMr. Sun Chunli(appointed on 1 July 2025)Ms. Tang Yuen Man Amy(resigned on 14 August 2025)Mr. Tse Chi Ping RoyMs. Wong Wai Fong BlancheMr. Zhao Xiongda(The order is alphabetised by the last namesof the senior management members.) REGISTERED OFFICE 香港新界大埔大埔工業邨大盛街21-23號 21-23 Dai Shing StreetTai Po Industrial EstateTai PoNew TerritoriesHong Kong HEADQUARTERS AND PRINCIPAL PLACE OF BUSINESS 香港新界大埔大埔工業邨大順街11-13號 11-13 Dai Shun StreetTai Po Industrial EstateTai PoNew TerritoriesHong Kong PRINCIPAL BANKERS 瑞穗銀行三菱UFJ銀行 Mizuho Bank, Ltd.MUFG Bank, Ltd. SHARE REGISTRAR AND TRANSFER OFFICE 香港中央證券登記有限公司香港灣仔皇后大道東183號合和中心17樓1712-1716號舖 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong CONTACT INFORMATION 網址：www.nissingroup.com.hk投資者關係電郵：ir@nissinfoods.com.hk媒體關係電郵：pr@nissinfoods.com.hk Website: www.nissingroup.com.hkInvestor Relations Email: ir@nissinfoods.com.hkMedia Relations Email: pr@nissinfoods.com.hk STOCK CODE 1475 MANAGEMENT DISCUSSION AND ANALYSIS 日清食品有限公司（「日清食品」或「本公司」）董事會（「董事會」）欣然公佈截至2025年6月30日止六個月之中期業績。 The board of directors (the “Board”) of Nissin Foods Company Limited(“Nissin Foods” or the “Company”) is pleased to announce theinterim results for the six months ended 30 June 2025. POSITIVE AND STEADY MOMENTUM SUSTAINED AMIDST ONGOINGEXTERNAL UNCERTAINTIES 經歷了一段長時間國際貿易不確定性、緊張局勢及衝擊後，全球經濟於2025年上半年開始出現穩定跡象。營商及消費氣氛於四月美國關稅公告後受到衝擊，但隨後美國暫緩加徵關稅90日，緩和了市場氣氛，金融市場環境亦有所改善。 After enduring a prolonged period of uncertainty, tension and shockin international trade, the global economy appeared to show signof stabilisation in the first half of 2025. Business and consumersentiments were shocked by the US tariff announcement in April, andthe subsequent 90-day pause on US tariff provided relief, contributingto a recovery in sentiment and easing financial market conditions. 中國內地於上半年的經濟增長超出市場預期，得益於「搶出口」的前置安排及消費品以舊換新行動方案，體現出中國經濟基本面的韌性和實力，以及其適應市場環境變化的能力。 The Mainland Chinese economic growth in the first half exceededmarket expectations, driven by the export front-loading and theconsumption goods trade-in programme. This demonstrates theresilience and strength of China’s economic fundamentals and itsability to adapt to the shifting market environment. 香港經濟於2025年上半年亦呈現穩健增長，主要受到強勁出口表現及內需改善的支持。然而，本地消費支出持續流失至中國內地大灣區仍然對若干本地企業造成壓力，包括零售及飲食行業。 The Hong Kong economy also demonstrated solid growth in thefirst half of 2025, mainly bolstered by strong exports performanceand improved domestic demand. However, the persistent leakage inlocal consumer spending to the Greater Bay Area in Mainland Chinacontinued to weigh on certain local businesses, including those in theretail and food and beverage industries. 在此情況下，本集團持續致力於產品升級及成本優化。我們產品經久不衰的口味和卓越的品質，為我們的高端化及差異化策略提供了至關重要的支援。憑藉我們在香港及中國內地的堅實根基和市場地位以及多元化且完善的產品組合，我們已做好準備，擴大地域影響力，推動可持續增長。 The Group has remained dedicated to continuous product upgradesand cost optimisation against this backdrop. The timeless taste andunparalleled quality of our products have provided vital support toour premiumisation and differentia