超盈国际控股二零二五年中期报告

中期報告INTERIM REPORT2025 CONTENTS Best Pacific International Holdings Limited /Interim Report 2025 Corporate Information2Management Discussion and Analysis5Disclosure of Interests21Share Schemes27Corporate Governance Code and Other Information28Report on Review of Condensed ConsolidatedFinancial Statements32Condensed Consolidated Statement of Profit orLoss and Other Comprehensive Income34Condensed Consolidated Statement ofFinancial Position36Condensed Consolidated Statement ofChanges in Equity38Condensed Consolidated Statement of Cash Flows40Notes to the Condensed ConsolidatedFinancial Statements41 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Lu Yuguang(Chairman)Mr. Zhang Haitao(Chief Executive Officer)Mr. Wu ShaolunMs. Zheng Tingting(Chief Operating Officer)Mr. Chan Yiu Sing(Chief Financial Officer and Company Secretary)Mr. Lu Libin(Chief Strategy Officer) Independent non-executive Directors Mr. Cheung Yat MingMr. Kuo Dah Chih, StanfordMr. Lam Yin Shing, Donald AUDIT COMMITTEE Mr. Cheung Yat Ming(Chairman)Mr. Kuo Dah Chih, StanfordMr. Lam Yin Shing, Donald REMUNERATION COMMITTEE Mr. Kuo Dah Chih, Stanford(Chairman)Mr. Zhang HaitaoMr. Cheung Yat MingMr. Lam Yin Shing, Donald NOMINATION COMMITTEE Mr. Kuo Dah Chih, Stanford(Chairman)Ms. Zheng TingtingMr. Lam Yin Shing, Donald AUTHORISED REPRESENTATIVES Mr. Zhang HaitaoMr. Chan Yiu Sing COMPANY SECRETARY Mr. Chan Yiu Sing AUDITOR • Deloitte Touche Tohmatsu Corporate Information HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1831717121716 Computershare Hong Kong Investor Services LimitedShops 1712-171617th Floor, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMANISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands PRINCIPAL BANKS Bank of China (Hong Kong) LimitedDBS Bank (Hong Kong) LimitedFubon Bank (Hong Kong) LimitedHang Seng Bank LimitedStandard Chartered Bank (Hong Kong) LimitedThe Bank of East Asia, LimitedThe Hongkong and Shanghai BankingCorporation LimitedUnited Overseas Bank Limited, Hong Kong Branch REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Corporate Information PRINCIPAL PLACE OF BUSINESS ANDHEAD OFFICE IN HONG KONG 938 38th FloorNo. 9 Wing Hong StreetLai Chi KokKowloonHong Kong www.bestpacific.com COMPANY’S WEBSITEwww.bestpacific.com 2111 STOCK CODE Management Discussion and Analysis The board (the “Board”) of directors (the “Director(s)”) ofBest Pacific International Holdings Limited (the “Company”or “Best Pacific” or “we”) is pleased to present theunaudited condensed consolidated interim results of theCompany and its subsidiaries (collectively, the “Group”)for the six months ended 30 June 2025 (the “ReportingPeriod”). MARKET AND BUSINESS REVIEW The recent proposals of reciprocal tariffs by the UnitedStates of America (the “U.S.”) profoundly transformed theglobal economic and business landscape, shifting it from arelatively stable and expanding environment to one markedby significant uncertainties and volatility. Since the initialannouncement in April 2025, U.S. tariff policy underwent aseries of tumultuous revisions, reflecting the complexitiesof international trade dynamics. Initially, tariffs rangingfrom 10% to 50% were slated to be imposed on nearly allU.S. trading partners, igniting immediate concerns aboutthe potential onset of a trade war. This initial alarm wasthen compounded by the suspension of the policy for 90days, creating a temporary reprieve but also fostering anenvironment of unpredictability. 10%50%90 Such sweeping measures not only increased costs forretailers and consumers, but the implications of thesetariffs extended far beyond U.S. borders, reverberatingthrough global supply chains and impacting internationaltrade relations. The initial announcement also sparkedfears that such measures would exacerbate inflationarypressures within the U.S. economy and potentially triggera recession, resulting in considerable turbulence acrossglobal equity and bond markets. The interconnectednature of today’s economies meant that tariffs did notmerely affect bilateral trade, they disrupted establishedsupply chains, increased costs for manufacturers, andcreated a climate of uncertainty that stifled investment andinnovation. Management Discussion and Analysis Subsequent to the temporary suspension of U.S. tariffpolicy, global equity markets experienced a notablerebound, buoyed by positive macroeconomic data thatexceeded expectations and announcements regardingtariff adjustments. However, the U.S. Federal Funds targetinterest rate remained static, reflecting ongoing concernsabout accelerating inflation. The Int