新秀丽2025年年报

We are pleased by how we closed out 2025. As I reflect on our full year results, ouradvantages in product innovation, market leadership, platform, and scale enabled ourteams to manage the business well through a highly uncertain demand environmentand the impact of U.S. tariffs. 2025 CONTENTS目錄 2Corporate Information3Corporate Profile3Our Culture and Strategy6Disclaimer12Results of Operations and Financial Highlights16Chairman’s Statement20Chief Executive Officer’s Statement26Management’s Discussion and Analysis of FinancialCondition and Results of Operations85Corporate Governance Report 110Directors and Senior Management120Directors’ Report166Consolidated Financial Statements167Independent Auditors’ Report171Consolidated Statements of Income172Consolidated Statements of Comprehensive Income173Consolidated Statements of Financial Position174Consolidated Statements of Changes In Equity176Consolidated Statements of Cash Flows177Notes to the Consolidated Financial Statements CORPORATE INFORMATION公司資料 Share Registrar inHong KongComputershare Hong Kong AuthorizedRepresentativesKyle Francis GendreauHo Wing Tsz, Wendy Audit Committee Board of DirectorsExecutive DirectorKyle Francis GendreauChief Executive Officer Glenn Robert RichterChairmanClaire Marie BennettTom KorbasDeborah Maria Thomas Investor Services Limited17M Floor, Hopewell Centre,183 Queen’s Road East,Wan Chai, Hong KongTelephone:(852)2862 8555Facsimile:(852)2865 0990Website: www.computershare.com/hk/contact Independent AuditorsKPMG LLPP u b l i cI n t e r e s t E n t i t y A u d i t o rrecognized in accordance withthe Accounting and Financial ReportingCouncil Ordinance Non-Executive DirectorTimothy Charles ParkerChairman Remuneration CommitteeJerome Squire GriffithChairmanAngela Iris BravTom KorbasDeborah Maria Thomas IndependentNon-Executive DirectorsClaire Marie BennettAngela Iris BravJerome Squire GriffithTom KorbasGlenn Robert RichterDeborah Maria Thomas Share Registrar inLuxembourg Joint CorporateHeadquarters 13-15 avenue de la Liberté,L-1931 Luxembourg CSC Global Solutions(Luxembourg)S.à r.l.6, rue Eugène RuppertL-2453 Luxembourg Nomination Committee Timothy Charles ParkerChairmanAngela Iris BravJerome Squire GriffithGlenn Robert Richter Websitehttps://corporate.samsonite.com/en 575 West Street, Suite 110,Mansfield, MA 02048, USA Registered Office inLuxembourg13-15 avenue de la Liberté,L-1931 Luxembourg Vice Presidents of InvestorRelationsAlvin ConcepcionWilliam Yue Chief Financial OfficerThomas Roy Pizzuti Joint Company SecretariesJohn Bayard LivingstonHo Wing Tsz, Wendy Principal Place ofBusiness in Hong Kong25/F, Tower 2, The Gateway,Harbour City, 25 Canton Road,Tsim Sha Tsui, Kowloon, Hong Kong Place of Share Listing andStock CodeThe Stock Exchange of Hong KongLimited: 1910 Kyle Francis Gendreau 18317M(852)2862 8555(852)2865 0990www.computershare.com/hk/contact Glenn Robert RichterClaire Marie BennettTom KorbasDeborah Maria Thomas Kyle Francis Gendreau KPMG LLP Timothy Charles Parker Jerome Squire GriffithAngela Iris BravTom KorbasDeborah Maria Thomas CSC Global Solutions(Luxembourg)S.à r.l.6, rue Eugène RuppertL-2453 Luxembourg 13-15 avenue de la Liberté,L-1931 Luxembourg Claire Marie BennettAngela Iris BravJerome Squire GriffithTom KorbasGlenn Robert RichterDeborah Maria Thomas 575 West Street, Suite 110,Mansfield, MA 02048, USA https://corporate.samsonite.com/zh Timothy Charles ParkerAngela Iris BravJerome Squire GriffithGlenn Robert Richter 13-15 avenue de la Liberté,L-1931 Luxembourg Alvin Concepcion 25225 Thomas Roy Pizzuti 1910 John Bayard Livingston CORPORATE PROFILE公司簡介 1910TUMIAmerican Tourister With a heritage dating back to 1910, Samsonite Group S.A.(togetherwith its consolidated subsidiaries, the “Company,” the “Group,”“our,” “us” or “we”)is the world’s best-known and largest travelluggage company and a leader in global lifestyle bags. We ownand operate a portfolio of consumer-centric and iconic brands,led bySamsonite ,TUMI , andAmerican Tourister , that empowerourcustomers’journeys with globally trusted,innovative andincreasingly sustainable products. Building on our long history ofindustry leadership, our vision is to create a path toward a moresustainable future for our industry. OUR CULTURE AND STRATEGY The principal characteristics of our culture are: ••••••• •Our long-standing guiding principle, the Golden Rule, to “do untoothers as you would have them do unto you,” is a legacy of ourfounder and guides relationships between us and our employees,customers, vendors, and other stakeholders. •Our management structure empowers our regional and country-level teams and fosters an entrepreneurial, innovative approachto the business.•We are strengthening our global coordination to more effectivelyshare best practices and capabilities across our markets whilecontinuing to empower local execution.•We encourage efficient, timely decision making and transparencyand we aim to minimi