您的浏览器禁用了JavaScript(一种计算机语言,用以实现您与网页的交互),请解除该禁用,或者联系我们。 [港股财报]:本间高尔夫2025/26 年报 - 发现报告

本间高尔夫2025/26 年报

2026-07-24 港股财报 葛大师
报告封面

年度報告2025 26 245736436992158163164165167169171 (1) www.honmagolf.com 6858 (1) Maples Corporate Services LimitedPO Box 309Ugland HouseGrand Cayman KY1-1104Cayman Islands Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary Hall, Cricket SquareGrand Cayman, KY1-1102Cayman Islands 35F Roppongi Hills Mori TowerP.O. Box #62, 6-10-1RoppongiMinatokuTokyo, Japan 183171712-1716 995 33191910 2.7% BERESTOURWORLDBERES3.9%41.5%Honma 12.2% 12.3%56.7%13.4%55.2%10 HONMA200,000 HONMA6.2% HONMA HONMA HONMAHONMA HONMAHONMA HONMAHONMATOURWORLDBERES HONMA •HONMAHONMAHONMA 360HONMA •HONMAHONMABERESTOUR WORLDBERES09BERES3.9%HONMAHONMA •HONMA70.7%HONMA HONMAHONMA •HONMAHONMA 11952HONMAHONMA •360 •HONMAHONMA •TEAMHONMATEAMHONMATEAMHONMA HONMA HONMABERESTOURWORLD HONMA BERES2TOURWORLD6HONMATOURWORLDBERESTOURWORLDHONMA HONMA (1)(a)(b) HONMAHONMA36085HONMA HONMA 3,218(a)(b)1,888 XebioGolf5 360 HONMA 163,0001253336HONMA 648 HONMAHONMA 4,908.3 HONMAHONMAHONMA HONMAHONMATOURWORLDGSTW767HONMA HONMA HONMA •HONMAHONMAHONMAHONMAHONMAHONMAHONMAHONMAHONMAHONMA •HONMATOURWORLDHONMA •50%HONMAHONMAHONMA TOURWORLDHONMA •HONMAHONMAHONMA •240.4348.8HONMA (1)(i)(ii) (2)(i)(ii)(iii)(i)(ii) 21,672.12.7%22,259.7 2.7% HONMA (1) (2) 15,066.94.5%15,747.271.5%3.7%9.3%13.8%4.6% 2,021.312.2%2,268.65.1%4.8%87.3%12.5% 3,136.36.4%2,937.08.2%6.7% 1,447.69.7%1,306.99.7% 50 (1) 9,045.48.7%8,260.35.4%11.9% 2,666.855.2%4,137.8HONMA57.4% 6,618.61.3%6,705.21.2% 625.37.5%671.9BERES108.1% 421.011.1%374.116.7% 2,295.08.0%2,110.39.1% 85.8% HONMA(a)(b) (1) 11,263.46.2%10,565.96.4%11.9%34.3% 10,408.812.3%11,693.812.7% 9,888.14.2%10,301.0 (1) 11,784.11.5%11,958.754.4%53.7% (1) 8,944.00.6%8,995.159.4%57.1%7.6 554.149.4%827.927.4%36.5% 1,673.44.0%1,606.353.4%54.7% 612.713.6%529.442.3%40.5% 107.42,775.5 9,650.910,103.644.5%45.4% (1) 1,533.01,614.3 219.9213.1 1,230.6233.8 224.4270.5 22.619.0 2,310.9 673.81,191.2 1,119.8 (i)(ii) (i)(ii)(iii)(i)(ii) (1)365 (2)365 (3)365 31564251 66561 39948 24TOUR WORLD1212 18,159.2 6,134.10.17%3.08% (i)(ii)28.9%31.9% 454.3 6.010.4 16,798.0 (1) (1) (2)(3)(4)0.2% 4,972.2 1.00150.70 57Honma Golf Co., Ltd.35KouunnHoldingsLimitedPrize Ray Limited 6541 5330TCL 327 62Charoen Pokphand Group Company Limited1212318267 8348TrueCorporation Public Company LimitedTRUE 62CPALL Public CompanyLimitedCPALLCharoenPokphand Foods PublicCompany LimitedCPF38392026224231860131843True Corporation Public Company LimitedTRUE121 673460886006061611WB9898 6583984330107898782096 532121(EPG)(CSS)IBM 41 5631PHGPHIADE 000 750 0001UBS Warburg Deutschland 1 (i)(ii)(iii)(iv)HONMA50 21,672.12.7%22,259.7147.7 185.3230.71.21,109.37.45,496.636.2 •21,672.12.7%22,259.7147.7 •55.2%7.5%1.3%8.7% •4.5%Beres1012.2%9.7%6.4% •6.2%11.9%1.5%34.3%12.3%56.7%13.4%5.4%8.9% •1.5%11,958.779.411,784.154.4%0.753.7%104.2 •1,119.87.4264.2•1,109.37.45,496.6 HONMA a)HONMAb)c)d)e) 6225 OEMOEMOEM HONMA (i)5S(ii)(iii)(iv)(v)(vi)(vii)(viii)(ix) (i)(ii)(iii)(iv)(v) 163170 8,530.77,890.5 15 32 28 6.010.4 4 (10) (i)TaisaiHoldings Ltd.(ii)5,232,41018,333,312 500(3) (3)(3)(3) 285,675(3)285,675285,675285,675 (1)(2)(3)(3)(i)40%(ii)30%(iii)30% (10)(i)(ii) 60,905,00010%10.06%10% 60,905,00060,905,000 121% 281.00 1010 ••• 13.51B(1) 13.51B(1) 3839 3.13 37 XV352C3 (1)L (2)VistraTrust(Hong Kong)LimitedVistraTrustVistraTrustDazzlingCoast LimitedDazzlingDazzlingPrizeRayLimitedPrize RayPrize RayKouunn Holdings LimitedKouunn Holdings Limited234,227,100KouunnHoldings LimitedKouunnHoldings Limited285,675285,675 (3)108,856 (4)254,020 (5)605,642,500 XV352 336 (1)L(2)Kouunn Holdings Limited47,000,000Gold Genius Development Limited(3)(4)VistraTrustVistra TrustDazzlingDazzlingPrizeRayPrize RayKouunnHoldings LimitedKouunnHoldings Limited234,227,100Vistra TrustDazzlingPrize RayKouunn Holdings Limited(5)Splendid Steed Investments LimitedSplendid Steed Investments LimitedGold Genius Development LimitedGold Genius Development LimitedKouunn Holdings Limited47,000,000Splendid SteedInvestments LimitedGold Genius Development Limited(6)100%100%CPGOverseasCompanyLimited100%CPGOverseas Company LimitedCharoenPokphand GroupCompany Limited100%(7)605,642,500 22.0%11.2% 57.5%18.7% 5% 31 E.1.5 25% 133,991,0000.000002510.001,339,910,00016,798.0 A2437 A A5%3,000,00014A.76(1) 42 (i)(ii)(iii)(iv)(v) C1 C.2.1C.5.1 C3 3642 C.5.1 C.2.1 3.13 • • • • AB 2 (i)(ii)(iii)(iv)(v)(vi)(vii) E.1.2(c)(ii) E.1.511 10% (1)20% (1)49% (332) •••••• (a) •••••• (b) • (i)(ii)• A.2.1C1 ESGESG ESG 1 158162 12.3 33191910 10031IR@honma.hk 18317(852) 2862 8555(852) 2865 0990 (a) (b) (i)(ii)(iii)(iv)(v)(vi) (c) (d) 21 (e) 50% ••••••• ESGC2ESGESGHONMAESGESG ESG 648682ESG609637 ESGESGESG E S G ESGHONMA( https://honmagolf.com/cn )( https://www.hkexnews.hk ) HONMA33HONMA HONMA360 ESGESGESGESGESGESGESGESG ESGESGESG ESG ESGESG ESGESGESGESGESG