光丽科技2025 中期报告

Contents目錄 Corporate Information公司資料2 Management Discussion and Analysis管理層討論及分析4 Corporate Governance and Other Information企業管治及其他資料17 Report on Review of Interim Financial Statements中期財務報表之審閱報告21 簡明綜合損益及其他全面收益表23 Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income 簡明綜合財務狀況表25 簡明綜合權益變動表27 Condensed Consolidated Statement of Changes in Equity Condensed Consolidated Statement of Cash Flows Notes to the Condensed Consolidated Financial Statements Corporate Information公司資料 董事會 BOARD OF DIRECTORS 執行董事李秉光先生（主席兼行政總裁）盧元麗女士 Executive Directors Mr. Lee Bing Kwong(Chairman and Chief Executive Officer)Ms. Lo Yuen Lai 非執行董事盧元堅先生 Non-executive DirectorMr. Lo Yuen Kin 獨立非執行董事張小駒先生嚴國文先生鄒重璂醫生張鴻光先生 Independent Non-executive Directors Mr. Cheung Siu KuiMr. Yim Kwok ManDr. Chow TerenceMr. Cheung Hung Kwong 審核委員會 嚴國文先生（主席）張小駒先生鄒重璂醫生 AUDIT COMMITTEE Mr. Yim Kwok Man(Chairman)Mr. Cheung Siu KuiDr. Chow Terence 薪酬委員會張小駒先生（主席）李秉光先生嚴國文先生 REMUNERATION COMMITTEE Mr. Cheung Siu Kui(Chairman)Mr. Lee Bing KwongMr. Yim Kwok Man 提名委員會 NOMINATION COMMITTEE 李秉光先生（主席）張小駒先生鄒重璂醫生盧元麗女士（於二零二五年四月一日委任） Mr. Lee Bing Kwong(Chairman)Mr. Cheung Siu KuiDr. Chow TerenceMs. Lo Yuen Lai(appointed on 1 April 2025) 公司秘書鄧婉貞女士，CPA、FCCA COMPANY SECRETARYMs. Tang Yuen Ching, Irene,CPA, FCCA 獨立核數師陳浩賢會計師事務所執業會計師及註冊公眾利益實體核數師 INDEPENDENT AUDITOR Graham H. Y. Chan & Co.Certified Public Accountants and Registered Public Interest Entity Auditor 主要往來銀行 PRINCIPAL BANKERS 香港上海滙豐銀行有限公司星展銀行（香港）有限公司恒生銀行有限公司 The Hongkong and Shanghai Banking Corporation LimitedDBS Bank (Hong Kong) LimitedHang Seng Bank Limited 註冊辦事處 REGISTERED OFFICE Cricket SquareHutchins DriveP. O. Box 2681Grand CaymanKY1-1111, Cayman Islands Cricket SquareHutchins DriveP. O. Box 2681Grand CaymanKY1-1111, Cayman Islands Corporate Information公司資料 香港主要營業地點 PRINCIPAL PLACE OF BUSINESS IN HONG KONG 香港九龍長順街1號新昌工業大廈1樓2-3室 Units 2-3, 1/FSun Cheong Industrial Building1 Cheung Shun StreetKowloon, Hong Kong 中國主要營業地點 PRINCIPAL PLACE OF BUSINESS IN THE PRC 中國深圳福田區深南大道6011號NEO綠景大廈A座26K 26K, NEO Tower A6011 Shennan AvenueFutian District, Shenzhen, China 主要股份過戶登記處 PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP. O. Box 2681Grand CaymanKY1-1111, Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP. O. Box 2681Grand CaymanKY1-1111, Cayman Islands 股份過戶登記分處 BRANCH SHARE REGISTRAR AND TRANSFER OFFICE 聯合證券登記有限公司香港北角英皇道338號華懋交易廣場二期33樓3301至04室 Union Registrars LimitedSuites 3301-04, 33/FTwo Chinachem Exchange Square338 King’s Road, North PointHong Kong 公司網址http://www.apexace.com CORPORATE WEBSITEhttp://www.apexace.com 投資者關係聯絡電郵：ir@apexace.com INVESTOR RELATIONS CONTACTE-mail: ir@apexace.com 股份代號香港聯合交易所有限公司：6036 STOCK CODEThe Stock Exchange of Hong Kong Limited: 6036 買賣單位5,000股 BOARD LOT5,000 shares Management Discussion and Analysis管理層討論及分析 行業概覽 INDUSTRIAL OVERVIEW 本集團是一家以香港為基地的半導體和其他電子元件分銷商，從事數碼存儲產品和通用電子元件的供應，並提供技術支持。本集團專注於識別、採購、銷售和分銷由上游品牌製造商生產的優質電子元件予中國內地、香港及台灣的科技、媒體、通訊及新能源行業的下游製造商。 The Group is a Hong Kong-based distributor of semiconductors and otherelectronic components, and is engaged in the supply of digital storageproducts and general electronic components along with the provisionof complementary technical support. It focuses on identifying, sourcing,selling and distributing quality electronic components produced bybranded upstream manufacturers to downstream manufacturers withinthe technology, media, telecommunications and new energy sector inMainland China, Hong Kong and Taiwan. 二零二五年上半年，全球半導體市場呈現結構性增長與分化態勢，AI驅動的高性能計算需求成為核心增長引擎，同時消費電子、汽車電子等傳統領域逐步復甦。根據世界半導體貿易統計組織(WSTS)最新預測顯示，2025年全球半導體市場規模將達7,009億美元，同比增長11.2%。增長主要由邏輯芯片和存儲器需求推動，這兩大領域受人工智能、雲基礎設施及高端消費電子產品的持續拉動，漲幅預計達兩位數。此外，傳感器和模擬芯片市場也將溫和增長，而分立半導體、光電子等品類或因經貿環境制約小幅下滑。 In the first half of 2025, the global semiconductor market showedstructural growth and divergence. AI-driven high-performance computingdemand became the core growth engine, while traditional sectors suchas consumer electronics and automotive electronics gradually recovered.According to the latest forecast from the World Semiconductor TradeStatistics (WSTS), the global semiconductor market is expected to reachUSD700.9 billion in 2025, representing a year-on-year growth of 11.2%. Thegrowth will mainly be driven by the demand for logic chips and memoryproducts, which are continuously boosted by artificial intelligence,cloud infrastructure, and high-end consumer electronics products, witha double- digit increase expected. Additionally, the sensor and analogchip markets will experience moderate growth, while categories suchas discrete semiconductors and optoelectronics may experience a slightdecline due to trade and economic constraints. 具體來看，人工智能的推動，使得邏輯和存儲芯片需求持續旺盛。在邏輯芯片領域，AI算力需求推動GPU、FPGA等邏輯芯片市場規模持續增長；在存儲芯片領域，主要應用於PC和基礎服務器的通用DRAM市場正快速形成供需緊張格局，價格大幅飆升，HBM（高帶寬存儲器）需求呈現爆發式增長，成為半導體市場明星產品。與此同時，各地域分化顯著，美洲市場繼續領跑，中國及亞太地區受益於A