南顺(香港)2025年报

AN N U A LRE P O R T Corporate InformationFinancial HighlightsChairman’s StatementReview of OperationsCorporate HighlightsBoard of Directors andSenior ManagementCorporate Governance ReportDirectors’ Report246920273372879899100102104106205208Independent Auditor’s ReportConsolidated Statement of Profit or LossConsolidated Statement of Profit or Loss andOther Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowsNotes to the Financial StatementsPrincipal Subsidiaries5-Year Financial Summary CORPORATE INFORMATION公司資料 Board of Directors 董事會 KWEK Leng Hai(Chairman)*LIM Shueh Hann(Chief Executive Officer)**Christian K. NOTHHAFT*WHANG Sun Tze,Ph.D.*Lester G. HUANG,SBS, JP#HO Yuk Wai, Joan#CHEUNG Man Ying# ***Christian K. NOTHHAFT**### ***# **Executive director*Non-executive director#Independent non-executive director 董事會審核及風險管理委員會 Board Audit and Risk ManagementCommittee HO Yuk Wai, Joan(Chairman)Christian K. NOTHHAFTLester G. HUANG,SBS, JP Christian K. NOTHHAFT 董事會薪酬委員會 Board Remuneration Committee Lester G. HUANG,SBS, JP(Chairman)KWEK Leng HaiCHEUNG Man Ying 董事會提名委員會 Board Nomination Committee KWEK Leng Hai(Chairman)HO Yuk Wai, JoanCHEUNG Man Ying 首席財務總監 Chief Financial Officer TSANG Chin Hung, Fanny 公司秘書 Company Secretary LO Sze Man, Stella CORPORATE INFORMATION公司資料 核數師 Auditors KPMGCertified Public AccountantsPublic Interest Entity Auditor registered in accordance with theFinancial Reporting Council Ordinance 註冊成立地點 Place of Incorporation Hong Kong Registered Office 註冊辦事處 21 Dai Fu Street, Tai Po Industrial Estate,Tai Po, New Territories, Hong Kong 21 股份過戶登記處 Share Registrar and Transfer Office Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17/F, Hopewell Centre,183 Queen’s Road East, Wanchai, Hong Kong 1831717121716 互聯網網站 Internet Websites 南順香港集團https://www.lamsoon.com Lam Soon Hong Kong Grouphttp://www.lamsoon.com 家居護理業務https://www.axe.com.hk Home Care Businesshttp://www.axe.com.hk 食用油脂業務https://www.lamsoonoil.comhttps://www.haomama.com Edible Oil Businesshttp://www.lamsoonoil.comhttps://www.haomama.com 麵粉業務 Flour Businesshttp://www.hkflourmills.comhttp://www.gsflour.com https://www.hkflourmills.comhttps://www.gsflour.com 豐隆集團https://www.hongleong.com Hong Leong Grouphttp://www.hongleong.com FINANCIAL HIGHLIGHTS財務摘要 FINANCIAL HIGHLIGHTS財務摘要 CHAIRMAN’S STATEMENT董事會主席報告書 On behalf of the Board of Directors (the “Board”) of Lam Soon(Hong Kong) Limited (the “Company”), I present the annual reportof the Company and its subsidiaries (collectively the “Group”) forthe financial year ended 30 June 2025. During the year under review, operating conditions remainedchallenging. In Mainland China, despite policy support, economicgrowth was uneven. Intense competition, excess industrycapacity and an ongoing environment of “involution” furtherweighed on the operating landscape. In Hong Kong, recoverywas modest, constrained by weak retail sales and subduedconsumer confidence. Against this backdrop, the Group focusedon executing its core strategies across the Food and Home Carebusinesses, while making prudent investments to strengthenhuman resources, R&D, and technology. Moderated raw materialcosts, stable volumes, and disciplined cost management enabledthe Group to deliver a 51% increase in profit and improvedmargins, underscoring our resilience in navigating complex marketconditions. 51% The Group’s cash position remained robust, providing flexibilityto pursue both organic and inorganic growth while sustaining astable dividend policy. The Board is pleased to recommend a finaldividend of HK$0.33 per share. In addition to the interim dividendof HK$0.15 per share already paid, the total dividend for the yearwill amount to HK$0.48 per share. 0.330.150.48 策略概述 Strategic Overview At the start of FY24/25, the Group conducted a comprehensiveorganisational review. We streamlined key functions whilebringing in new talent and expertise at multiple levels. Thisrenewal has strengthened leadership and created more fit-for-purpose structures, which will remain a priority and subject toongoing review as we build capabilities for the future. CHAIRMAN’S STATEMENT董事會主席報告書 In the Food Division, the Flour business continued to faceheadwinds but responded with greater emphasis on salesexecution, new customer acquisition, and customised solutions.The launch of health-oriented products such as Highland BarleyFlour premix reflected our commitment to innovation and tomeeting evolving consumer preferences. The Specialty Fatsbusiness gained momentum, delivering encouraging sales growthand establishing a stronger foundation for expansion. In Edible Oil, weak sentiment and heightened price competitionpersisted. The Group focused on fundamentals: strengtheningbrand equity and innovation pipelines for our flagship Knife brand,and enhancing resources across marketing, e-commerce, andR&D