寰宇娱乐文化二零二五年年报

目錄 C O N T E N T 2Corporate Information公司資料4Chairman’s Statement主席報告6Management Discussion and Analysis管理層討論及分析14Directors and Senior Management Profile董事及高級管理人員簡介17Corporate Governance Report企業管治報告36Environmental, Social & Governance Report環境、社會及管治報告68Report of the Directors董事會報告書90Independent Auditor’s Report獨立核數師報告書95Consolidated Statement of Financial Position綜合財務狀況表97Consolidated Statement of Comprehensive Income綜合全面收益表99Consolidated Statement of Changes in Equity綜合權益變動表100Consolidated Statement of Cash Flows綜合現金流量表101Notes to the Consolidated Financial Statements綜合財務報表附註275Principal Properties Held for Investment Purposes持作投資用途之主要物業276Five Year Financial Summary五年財務摘要 Corporate Information 林小明先生（主席）林傑新先生 Executive DirectorsMr. Lam Shiu Ming, Daneil(Chairman)Mr. Lam Kit Sun 蔡永冠先生鄧耀榮先生龐雪卿女士 Independent Non-Executive Directors Mr. Choi Wing KoonMr. Tang Yiu WingMs. Pong Suet Hing 林傑新先生 Company SecretaryMr. Lam Kit Sun 林小明先生林傑新先生 Authorised RepresentativesMr. Lam Shiu Ming, DaneilMr. Lam Kit Sun 香港上海滙豐銀行有限公司華僑銀行（香港）有限公司交通銀行股份有限公司 Principal Bankers The Hongkong and Shanghai Banking Corporation LimitedOCBC Bank (Hong Kong) LimitedBank of Communications Co., Ltd. 中匯安達會計師事務所有限公司執業會計師 Auditor ZHONGHUI ANDA CPA LimitedCertified Public Accountants 觀韜律師事務所（香港）香港鰂魚涌英皇道979號太古坊一期18樓1801–03室 Legal Advisers Guantao & Chow Solicitors and NotariesSuites 1801–03, 18/F., One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong 中倫文德律師事務所中國北京市朝陽區金和東路20號院正大中心南塔22–31層 Zhonglun W&D Law Firm22–31/F, South Tower of CP Center20 Jin He East AvenueChaoyang DistrictBeijingChina 郭允中律師事務所香港新界元朗青山公路99–109號元朗貿易中心23樓2302–04室 KWC & AssociatesUnit 2302–04, 23/FYuen Long Trade CentreNo. 99–109 Castle Peak RoadYuen Long, N.T.Hong Kong Corporate Information公司資料 卓佳證券登記有限公司香港夏愨道16號遠東金融中心17樓 Share Registrar Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 蔡永冠先生（主席）鄧耀榮先生龐雪卿女士 Audit Committee Mr. Choi Wing Koon(Chairman)Mr. Tang Yiu WingMs. Pong Suet Hing 蔡永冠先生（主席）林小明先生鄧耀榮先生龐雪卿女士 Remuneration Committee Mr. Choi Wing Koon(Chairman)Mr. Lam Shiu Ming, DaneilMr. Tang Yiu WingMs. Pong Suet Hing 龐雪卿女士（主席）林小明先生蔡永冠先生鄧耀榮先生 Nomination Committee Ms. Pong Suet Hing(Chairman)Mr. Lam Shiu Ming, DaneilMr. Choi Wing KoonMr. Tang Yiu Wing Clarendon House2 Church StreetHamilton HM 11Bermuda Registered Office Clarendon House2 Church StreetHamilton HM 11Bermuda Head Office and Principal Place of Business 香港新界葵涌大連排道192至200號偉倫中心第二期18樓 18th FloorWyler Centre Phase II192–200 Tai Lin Pai RoadKwai ChungNew TerritoriesHong Kong www.uih.com.hk Websitewww.uih.com.hk 1046 Stock Code1046 Chairman’s Statement 本人謹代表寰宇娛樂文化集團有限公司（「本公司」）董事（「董事」）會（「董事會」），欣然提呈本公司及其附屬公司（統稱「本集團」）截至二零二五年六月三十日止年度（「本年度」）之二零二四╱二零二五年度全年業績。 On behalf of the board of directors (the “Director(s)”) (the“Board”) of Universe Entertainment and Culture GroupCompany Limited (the “Company”), I am pleased to presentthe 2024/2025 annual results of the Company and itssubsidiaries (collectively the “Group”) for the year ended 30June 2025 (the “Year”). 香港經濟繼續面臨地緣政治緊張局勢、貿易壁壘、房地產市場低迷以及消費者信心疲弱等複雜背景的制約。該等因素對本集團多元化的業務組合構成重大壓力，並考驗我們於本年度的應變能力。 Hong Kong’s economy continues to face constraints froma complex backdrop of geopolitical tensions, trade barriers,sluggish properties market, and subdued consumers sentiment.These factors have placed significant pressure on our Group’sdiverse portfolio of businesses and tested our resilience duringthe Year. 於中國內地，電影放映市場於疫情後正逐步恢 復 常 態 。 儘 管 二 零 二 四 年 的 票 房 有 所 回落，但二零二五年上半年強勁反彈22.9%，這令我們倍感鼓舞，彰顯了電影娛樂的持久吸引力。然而，我們仍需重點關注向質量驅動型增長的結構性轉變以及對重大節假日檔期收益的過度依賴。 In Mainland China, the film exhibition market is normalisingpost-pandemic. While the 2024 box office softened, we wereencouraged by a robust 22.9% rebound in the first half of 2025,demonstrating the enduring appeal of cinematic entertainment.However, structural shifts toward quality-driven growth andover-reliance on major holiday revenue require our focusedattention. 我們的香港眼鏡及鐘錶產品零售業務面對本地 消 費 疲 弱 及 消 費 模 式 轉 變 帶 來 的 強 勁 阻力。我們正在縮減業務規模，以減少此分部的虧損。 Our Hong Kong retail operations for optical and watch productsfaced strong headwinds from weak local consumption andchanging spending patterns. We are scaling back the businessscale to reduce losses in this segment. 我們的財經印刷業務經歷了市場加速向無紙化解決方案轉型以及範圍更廣泛的經濟疲弱的雙重壓力。另一方面，二零二五年上半年首次公開發售市場的強勁復甦，增加了對我們所擅長的優質可靠招股章程製作服務的需求。 Our financial printing business navigated the dual pressure ofthe market’s accelerated shift toward paperless solutions andbroader economic weakness. On the other hand, the strongrecovery in the initial public offerings market in the first halfof 2025 is increasing demand for the high-quality and reliableprospectus production services where we excel. In this dynamic climate, we view the challenging marketenvironment not only as a disruptor but as a catalyst forimprovement and innovation. We remain unwavering in itscommitment to prudent capital management and operationaldiscipline to optimising our existing op