富士高实业中期报告 2024/2025

2024/2025 InterimReport中期报告 VISION愿景 Tobecomeourcustomers’preferredstrategicpartnerintheacousticsandelectronicsindustries. 成为在电声及电子领域客户首选的策略性合作伙伴。 MISSION使命 Throughadvancementsininnovativetechnologies,westrivetoprovidevalue-addedanddistinctproductstoourcustomers.以先进及创新科技，竭力为客户提供高增值、高差异性的产品。 VALUES价值观 We,asapartner,abidebyourcommitmenttoourcustomers. We,asaninnovator,relentlesslypursueexcellence. We,asateam,crossthefinishlinetogether. We,asacorporatecitizen,devoteourselvestotheprosperityofoursociety. 与客为盟，信守承诺；锐意创新，追求卓越；团结协作，达成目标； 取之社会，回馈社会。 CONTENTS目录 2ManagementDiscussionandAnalysis 管理层讨论及分析 7ReportoftheDirectors 董事会报告 15 ReportonReviewofInterimFinancialInformation 中期财务资料的审阅报告 17 CondensedConsolidatedStatementofFinancialPosition 简明综合财务状况表 19 CondensedConsolidatedStatementofComprehensiveIncome 简明综合全面收益表 21 CondensedConsolidatedStatementofChangesinEquity 简明综合权益变动表 22 CondensedConsolidatedStatementofCashFlows 简明综合现金流量表 24 NotestotheCondensedConsolidatedInterimFinancialInformation 简明综合中期财务资料附注 43CorporateInformation 公司资料 ManagementDiscussionandAnalysis 管理层讨论及分析 BusinessReview Forthesixmonthsended30September2024(the“InterimPeriod”),variousconcernscontinuedtopersist,includinggeopoliticalrisksanduncertaintysurroundingtheresultsoftheU.S.presidentialelection.Fortheelectro-acousticsector,theoperatingenvironmenthasbecomemorechallenging,ascompetitionamongindustryplayershasintensified.WithregardtoFujikonIndustrialHoldingsLimited(the“Company”)anditssubsidiaries(together,the“Group”or“Fujikon”),thestrategyofoperatingboththeheadsetsandheadphonesbusinessandaccessoriesandcomponentsbusinesshasenabledtheGrouptosustainbusinessgrowth.DuringtheInterimPeriod,theGroup’srevenuetotalledHK$516.4million(2023:HK$492.6million),representingayear-on-yearincreaseof4.8%.GrossprofitamountedtoHK$121.2million(2023:HK$102.3million),andgrossprofitmarginreached23.5%(2023:20.8%).DespiteaprovisionforwarrantyofapproximatelyHK$2.0millionwasmadefortheInterimPeriod,coupledwithmakingprovisionforinventoryobsolescenceofapproximatelyHK$3.7million,inadditiontonetforeignexchangelossesofapproximatelyHK$6.9million,FujikonmanagedtomaintaintheprofitattributabletoequityholdersoftheCompanyatHK$16.5million(2023:HK$18.2million). BusinessSegmentAnalysis HeadsetsandHeadphones DuringtheInterimPeriod,thestagnanteconomicenvironment,challengingmarketconditions,andintensecompetitionamongaudiobrandsdirectlyimpactedontheordervolumereceivedbytheGroup’sheadsetsandheadphonessegment.Themanagementdulyadjusteditsbusinessstrategytoaddresstheadversemarketconditions,whichincludedrestructuringtheproductmix.Specifically,itsoughttofocusondevelopingproductswithlongerproductcycles,soastoallowFujikontobothdiversifyandstabiliseitsincomestreams.Duringthistransitionalperiod,andamidatestingmarket,salesofheadsetsandheadphoneswereinevitablyaffected,withrevenueofHK$274.2million(2023:HK$318.7million)recorded,whichaccountedfor53.1%oftheGroup’stotalrevenue. TheadjustmentinproductmixhasnonethelessallowedtheGrouptoenterunderservedmarketswithgrowthpotential,suchasautomotiveandeducation.Moreover,thesemarkets,alongwithgamingandCallCentre&Office(“CC&O”)marketsofwhichFujikonisalsoinvolvedin,haveproductsthatcharacteristicallyhavelongerproductlifecycles,henceenablingtheGrouptobelessvulnerabletomarketvolatility.Itisworthnotingaswellthat,duringtheInterimPeriod,theGroupsuccessfullysecurednewclientsandprojectsintheautomotiveandeducationsectors,whichhasallowedittocaptureagreatershareofthesemarketsinthecomingyears. 业务回顾 于截至2024年9月30日止6个月（“中期期间”），多个利淡因素持续积聚，包括地缘政治风险及美国大选风云变幻。电声行业方面，由于行业竞争加剧，经营环境愈显严峻。就富士高实业控股有限公司（“本公司”）及其附属公司（统称“本集团”，或 “富士高”）而言，得益于戴咪耳机及音响耳机业务与配件及零件业务双向并举的策略，本集团持续取得业务增长。于中期期间，本集团总收入达516,400,000港元（2023：492,600,000港元）， 同比增加4.8%。毛利为121,200,000港元 （2023：102,300,000港元），及毛利率达23.5% （2023：20.8%）。尽管中期期间计提保证拨备约 2,000,000港元，加上计提呆货拨备约3,700,000 港元，另录得汇兑亏损净额约6,900,000港元，富士高仍成功达致归属本公司股权持有人之溢利16,500,000港元（2023：18,200,000港元）。 业务分部分析 戴咪耳机及音响耳机 于中期期间，经济环境停滞、市场状况严峻及音响品牌竞争激烈，直接影响本集团戴咪耳机及音响耳机分部取得的订单量。为应对不利市场状况，管理层妥善调整业务策略，包括产品组合调整。特别是，富士高致力专注开发产品生命周期较长的产品，藉此实现多元化及稳定的收入来源。于此过渡期，在坚困市况下，戴咪耳机及音响耳机销售势必受到影响，录得收入274,200,000港元（2023：318,700,000港元），占本 集团总收入的53.1%。 尽管如此，透过调整产品组合，本集团进军具备增长潜力的尚待开发市场，诸如汽车及教育产业。此外，该等市场连同富士高亦有涉足的游戏以及呼叫中心及办公室（“呼叫中心及办公室”）市场产品的产品生命周期通常较长，故而使得本集团较不易受市场波动影响。同样值得一提的是，于中期期间，本集团成功开发汽车及教育行业的新客户及项目，从而促使其未来进一步扩大市场份额。 FujikonIndustrialHoldingsLimited2 InterimReport2024/2025 ManagementDiscussionandAnalysis 管理层讨论及分析 BusinessSegmentAnalysis(Continued) AccessoriesandComponents Withitsestablishedreputationforhigh-qualityproducts,Fujikonhasforgedstrongbondswithtop-tierinternationalbrandsovertheyears.Inrelationtotheaccessoriesandcomponentssegment,twoexistingcorecustomersaswellasanewclientcontributedtoanoticeableriseinincomeforthissegmentduringtheInterimPeriod.DuringtheInterimPeriod,segmentrevenuereachedHK$242.2million(2023:HK$173.9million),whichaccountedfor46.9%oftheGroup’stotalrevenue.Moreover,profitsurgedtoHK$57.1million(2023:HK$17.8million),whichwasattributedprimarilytocompletionofbusinessrestructuringandther