富士高实业年报2025/20256

VISION願景 To become our customers’ preferred strategic partner in theacoustics and electronics industries. 成為在電聲及電子領域客戶首選的策略性合作夥伴。 MISSION使命 Through advancements in innovative technologies, we strive toprovide value-added and distinct products to our customers. 以先進及創新科技，竭力為客戶提供高增值、高差異性的產品。 VALUES價值觀 We, as a partner, abide by our commitment to our customers. We, as an innovator, relentlessly pursue excellence. We, as a team, cross the finish line together. We, as a corporate citizen, devote ourselves to the prosperityof our society. 與客為盟，信守承諾；銳意創新，追求卓越；團結協作，達成目標；取之社會，回饋社會。 Contents目錄 2Financial Highlights4Financial Summary7Chairman’s Statement10Management Discussion andAnalysis16Biographical Details of Directorsand Senior Management20Report of the Directors35Corporate Governance Report55Environmental, Social andGovernance Report 95Independent Auditor’s Report103Consolidated Statement ofFinancial Position105Consolidated Statement ofComprehensive Income107Consolidated Statement ofChanges in Equity108Consolidated Statement ofCash Flows110Notes to the ConsolidatedFinancial Statements187Corporate Information Financial Highlights財務摘要 For the year ended 31 March331 Financial Highlights財務摘要 Financial Summary財務撮要 The following is a summary of the consolidated statement ofcomprehensive income and consolidated statement of financialposition of Fujikon Industrial Holdings Limited (the “Company”) and itssubsidiaries: Johnny Yeung楊志雄Chairman & Chief Executive Officer主席兼行政總裁 致各位股東致各位股東 To our shareholdersTo our shareholders 本人謹代表董事會（「董事會」）欣然提呈富士高實業控股有限公司（「本公司」）及其附屬公司（「富士高」或「本集團」）截至 2025 年3月31日止年度（「回顧年度」）之年度業績。過去一年充滿挑戰，全球經濟增長走軟，國際貨幣基金組織估計增幅為3.2%1。由於地緣政治緊張局勢、限2026331 OnbehalfoftheBoard ofDirectors(the“Board”),Iherebypresent theannual results of Fujikon Industrial Holdings Limited (the “Company”) and itssubsidiaries (“Fujikon” or the “Group”) for the year ended 31 March 2025 (the“Review Year”).The past year has proved to be a challenging period owing to subdued globaleconomic growth, whichtheInternationalMonetaryFund (IMF) estimatedat 3.2%1. Various factors, such as geopolitical tensions, restrictive monetarypolicies, and inflationary pressures, all contributed to the slowdown in globalOn behalf of the Board of Directors (the “Board”), I hereby presentthe annual results of Fujikon Industrial Holdings Limited (the“Company”) and its subsidiaries (“Fujikon” or the “Group”) for theyear ended 31 March 2026 (the “Review Year”). In a year markedby heightened uncertainty and rapid change, the Group remainedfocused on disciplined execution, operational resilience and theshrewd advancement of priorities that support Fujikon’s longer-termdevelopment. During the Review Year, the operating environment remained difficult.Persistent trade tensions and policy uncertainty, compounded bythe conflict in the Middle East, contributed to higher energy prices,increased financial market volatility and softer consumer sentiment.Against this backdrop of moderating global growth, Fujikon’sperformance was inevitably affected. In response, the Group remainedfocused on maintaining operational flexibility, exercised discipline inresource allocation and adopted a measured approach towards businessdevelopment in order to preserve its long-term competitiveness. Correspondingly, the Group continued to work with leading globalcustomers through innovation-led partnerships. In particular,we advanced a co-development arrangement with a renownedEuropean brand with strong standing in the music industry. The firstco-developed product entered production during the Review Year,while a second remains under development. As the brand continuesto expand its market presence, Fujikon is applying its expertise inon-ear noise-cancelling earphones to support product developmentand to strengthen the basis for ongoing cooperation. In parallel, theGroup has been engaged in co-developing flagship headphones fora Japan-based telecom and e-commerce conglomerate, establishinga foundation for potentially more collaborations in the future. Theseinitiatives reflect the Group’s continued efforts to maintain customerrelevance while pursuing development opportunities in a selective anddisciplined manner. We also continued refining our product portfolio, growing the Group’sfootprint in niche markets that offer longer life cycles and greaterbusiness visibility. This is reflected in our continued progress in theautomotive, gaming and Call Centre & Office (“CC&O”) segments.For example, the Group has established a development plan with aleading automotive customer that includes a pipeline of projects overthe next two years. While the contribution from these projects willdepend on the pace of implementation and market conditions, thisengagement supports the Group’s efforts to strengthen its positionin an increasingly important segment. At the same time, we havecontinued to expand our presence in gaming and CC&O throughsignature products that benefit from comparatively l