四洲集团2026年报

Contents目 錄 Corporate Information2-3Chairman’s Statement4-17Major Awards18-19Management Discussion and Analysis20-28Report of the Directors29-46Corporate Governance Report47-70Independent Auditor’s Report71-78AuditedFinancial StatementsConsolidated Statement of Profit or Loss79Consolidated Statement of Comprehensive Income80Consolidated Statement of Financial Position81-82Consolidated Statement of Changes in Equity83-84Consolidated Statement of Cash Flows85-87Notes to Financial Statements88-211Particulars of Properties212 Corporate Information BOARD OF DIRECTORS Executive Directors TAI Tak Fung, Stephen(Chairman)WU Mei Yung, Quinly(Vice Chairman)TAI Chun Kit(Managing Director)WU Wing BiuTSE Siu Wan Independent Non-executive Directors CHAN Yuk Sang, PeterTsunao KIJIMACHEUNG Wing Choi COMPANY SECRETARY YAM Wai Wah, Jenny AUDITOR 97927 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor under the Accountingand Financial Reporting Council Ordinance27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong PLACE OF INCORPORATION Cayman Islands PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Sterling Trust (Cayman) LimitedWhitehall House238 North Church StreetP.O. Box 1043George TownGrand Cayman KY1-1102Cayman Islands Sterling Trust (Cayman) LimitedWhitehall House238 North Church StreetP.O. Box 1043George TownGrand Cayman KY1-1102Cayman Islands HONG KONG BRANCH SHAREREGISTRAR AND TRANSFER OFFICE Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 1617 REGISTERED OFFICE JTC (Cayman) Limited60 Nexus Way6th Floor, Camana BayP.O. Box 30745Grand Cayman KY1-1203Cayman Islands JTC (Cayman) Limited60 Nexus Way6th Floor, Camana BayP.O. Box 30745Grand Cayman KY1-1203Cayman Islands PRINCIPAL PLACE OF BUSINESS INHONG KONG 4131 31/F., Four Seas Group CentreNo. 41 King Yip StreetKwun Tong, KowloonHong Kong PRINCIPAL BANKERS UFJKiraboshi Bank, Ltd Sumitomo Mitsui Banking CorporationMUFG Bank, Ltd.Mizuho Bank, Ltd.The Hongkong and Shanghai Banking Corporation LimitedBank of Communications (Hong Kong) LimitedDah Sing Bank, LimitedOCBC Bank (Hong Kong) LimitedBank of China (Hong Kong) LimitedChina Construction Bank (Asia) Corporation LimitedUnited Overseas Bank LimitedThe Bank of East Asia, LimitedChong Hing Bank LimitedFubon Bank (Hong Kong) LimitedKiraboshi Bank, LtdHang Seng Bank LimitedStandard Chartered Bank (Hong Kong) Limited WEBSITE http://www.fourseasgroup.com.hk http://www.fourseasgroup.com.hk Chairman’s Statement Dear Shareholders, Duringthe year under review,the global economy remainedvolatile,with ongoing supply-chain pressures.Nevertheless,amore accommodative interest-rate environment, together with rapidtechnological advancement and progress in artificial intelligence,supported overall economic growth. Amid the challenges posed by anincreasingly uncertain operating environment, the Group maintainedsteady progress by leveraging its extensive market experience,solid foundation, strong brand, and proactive planning. Throughthe introduction of new products, the launch of new marketinginitiatives, and the formation of new business partnerships, the Groupcontinues to develop steadily, sustain its market leadership, and createopportunities for the future. (Costco) The Group remained proactive and adaptable in responding to marketchallenges through continuous innovation and product development.In Hong Kong, the Group built on the strengths of its new flagshipstore, “Seas of Flavour”, in Causeway Bay, to launch a range of newproducts that introduced exciting new flavours to consumers. Theseincluded Japan’s first tofu pudding developed in collaboration withImuraya, which generated overwhelming market demand; milk creampuff cakes launched together with Fujiya, which received a favourablemarket response; House Tongari (Seaweed) Corn introduced inpartnership with House Foods and porippy chocolate coated peanutsin collaboration with Denroku, which proved highly popular amongconsumers. In addition, the Group collaborated with the movie “Backto the Past” to launch the “Back to the Past Four Seas Biscuit Sticks”product series. The campaign successfully captured market attention,set new trends, and achieved strong sales within a short period of Chairman’s Statement time. It even experienced stockouts at one stage, creating the marketlegend of “Back to the Past Four Seas Biscuit Sticks”. This representsanother landmark achievement following the launch of the Group’s“Four Seas Good Luck Biscuit”. In the Chinese Mainland, the Grouphas broadened its distribution channels through collaboration withlarge warehouse clubs. For instance, by producing exclusive productstailored for Costco, thereby extending the customer base and attractingconsumers seeking distinctive product offerings. In Japan, the Groupcontinued to leverage the strengths of Miyata Co., Ltd. (“Miyata”)in products, platforms, pricing, and market positioning. Beyondintroducing