信源企业集团2025年报

Table of Contents目錄 CORPORATE INFORMATION2CHAIRMAN’S STATEMENT6FIVE-YEAR FINANCIAL SUMMARY8MANAGEMENT DISCUSSION AND ANALYSIS9BIOGRAPHY OF DIRECTORS AND SENIOR MANAGEMENT25CORPORATE GOVERNANCE REPORT38REPORT OF THE DIRECTORS64ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT97INDEPENDENT AUDITOR’S REPORT227CONSOLIDATED STATEMENT OF PROFIT OR LOSS234CONSOLIDATED STATEMENT OF PROFIT OR LOSSAND OTHER COMPREHENSIVE INCOME235CONSOLIDATED STATEMENT OF FINANCIAL POSITION236CONSOLIDATED STATEMENT OF CHANGES IN EQUITY238CONSOLIDATED STATEMENT OF CASH FLOWS239NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS241DEFINITIONS318 Corporate Information公司資料 董事會 BOARD OF DIRECTORSExecutive Directors 執行董事 2026720202672020251620263122026616202531202543 Mr. Chen Jiagan(Chairman)Mr. Xu Wenjun(resigned on 20 July 2026)Mr. Chen MingMr. Lin Shifeng(resigned on 20 July 2026)Mr. Chen YanbiaoMs. Liu Weipeng(appointed on 6 January 2025)Mr. Liu Dunyu(Chief executive officer)(appointed on 12 March 2026)Mr. Tang Xuming(appointed on 16 June 2026)Mr. Huang Dehai(appointed on 1 March 2025 andresigned on 3 April 2025) 獨立非執行董事 Independent Non-executive Directors 20252202026412026412025162025117 Mr. Xu JieMr. Wei ShusongDr. Chen Siru(appointed on 20 February 2025)Mr. Yeung Chi Tat(appointed on 1 April 2026)Ms. Liu Xueying(appointed on 1 April 2026)Mr. Chong Hon Wang(appointed on 6 January 2025 andresigned on 17 January 2025) 審核委員會 AUDIT COMMITTEE 20252202026412026412025162025117 Mr. Wei Shusong(Chairman)Mr. Xu JieDr. Chen Siru(appointed on 20 February 2025)Mr. Yeung Chi Tat(appointed on 1 April 2026)Ms. Liu Xueying(appointed on 1 April 2026)Mr. Chong Hon Wang(appointed on 6 January 2025 andresigned on 17 January 2025) 提名委員會 NOMINATION COMMITTEE 2025220202563020256302025162025117 Mr. Chen Jiagan(Chairman)Mr. Xu JieDr. Chen Siru(appointed on 20 February 2025)Ms. Liu Weipeng(appointed on 30 June 2025)Mr. Wei Shusong(appointed on 30 June 2025)Mr. Chong Hon Wang(appointed on 6 January 2025 and resigned on 17 January 2025) Corporate Information公司資料 薪酬委員會 REMUNERATION COMMITTEE 2026720202672020252202025162025117 Mr. Xu Jie(Chairman)Mr. Liu Dunyu(appointed on 20 July 2026)Mr. Xu Wenjun(resigned on 20 July 2026)Dr. Chen Siru(appointed on 20 February 2025)Mr. Chong Hon Wang(appointed on 6 January 2025 andresigned on 17 January 2025) STRATEGIC DEVELOPMENT COMMITTEE 戰略發展委員會 202672020267202026720 Mr. Chen Yanbiao(Chairman)Mr. Chen MingMr. Chen JiaganMr. Xu Wenjun(resigned on 20 July 2026)Mr. Lin Shifeng(resigned on 20 July 2026)Mr. Liu Dunyu(appointed on 20 July 2026) 公司秘書 COMPANY SECRETARY 202548202548 Ms. Lui Mei Ka(appointed on 8 April 2025)Mr. Chung Ming Fai(resigned on 8 April 2025) 授權代表 AUTHORIZED REPRESENTATIVES 202512202512202548202548 Mr. Chen Ming(resigned on 2 January 2025)Mr. Chen Jiagan(appointed on 2 January 2025)Ms. Lui Mei Ka(appointed on 8 April 2025)Mr. Chung Ming Fai(resigned on 8 April 2025) 核數師 AUDITOR 2026588191903–1905 Prism Hong Kong Limited(effective from 8 May 2026) Certified Public AccountantsRegistered Public Interest Entity AuditorUnits 1903–1905, 19/F.8 Observatory RoadTsim Sha TsuiHong Kong 20263312829 RSM Hong Kong(resigned on 31 March 2026) Certified Public AccountantsRegistered Public Interest Entity Auditor29th FloorLee Garden Two28 Yun Ping RoadCauseway BayHong Kong Corporate Information公司資料 公司網站www.xysgroup.com COMPANY’S WEBSITEwww.xysgroup.com 股份代號1748 STOCK CODE1748 香港主要營業地點 3151509 PRINCIPAL PLACE OF BUSINESS IN HONG KONG Unit 150915/F, Star HouseNo. 3 Salisbury RoadTsim Sha Tsui, KowloonHong Kong 開曼群島註冊辦事處 REGISTERED OFFICE IN THE CAYMAN ISLANDS P.O. Box 31119Grand PavilionHibiscus Way, 802 West Bay RoadGrand Cayman KY1-1205Cayman Islands P.O. Box 31119Grand PavilionHibiscus Way, 802 West Bay RoadGrand Cayman KY1-1205Cayman Islands 開 曼 群 島 股 份 過 戶 登 記 總 處 及過戶代理 CAYMAN ISLANDS PRINCIPAL SHARE REGISTRARAND TRANSFER AGENT Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands 香港股份過戶登記處 HONG KONG SHARE REGISTRAR AND TRANSFEROFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 主要往來銀行 PRINCIPAL BANKS Bank of China (Hong Kong) LimitedBank of Communications Co., Ltd., Hong Kong BranchCitibank N.A., Singapore BranchBank of China Limited, Fujian Pilot Free Trade ZonePingtan Branch Corporate Information公司資料 法律顧問 LEGAL ADVISORS 德恒律師事務所（香港）有限法律責任合夥528 DeHeng Law Offices (Hong Kong) LLP28/F, Henley Building5 Queen’s Road CentralCentralHong Kong 樂博律師事務所有限法律責任合夥 Loeb & Loeb LLP2206–19 Jardine House1 Connaught PlaceCentralHong Kong 12206–19 Chairman’s Statement主席報告 To all shareholders, Despite a complex operating environment marked by geopoliticaluncertainties, volatile freight markets and cost pressures across theglobal shipping industry, our Group continued to