国微控股2025年度报告

目錄CONTENTS 2Corporate Information5Chairman’s Statement7Management Discussion and Analysis19Corporate Governance Report45Environmental, Social and Governance Report142Directors’ and Company Secretary’s Biography152Report of the Directors168Independent Auditor’s Report178Consolidated Income Statement179Consolidated Statement of Comprehensive Income180Consolidated Statement of Financial Position182Consolidated Statement of Changes in Equity184Consolidated Statement of Cash Flows185Notes to the Consolidated Financial Statements324Financial Summary CORPORATE INFORMATION BOARD OF DIRECTORS 董事會 Executive Directors Mr. Huang Xueliang(Chairman and Chief Executive Officer)Mr. Loong, Manfred Man-tsun (Retired on 30 April 2025)Ms. Chen Ying 黃學良先生（主席兼首席執行官）龍文駿先生（於二零二五年四月三十日獲退任）陳瑩女士 Non-Executive Directors 關重遠先生蔡靖先生 Mr. Kwan, Allan Chung-yuenMr. Cai Jing Independent Non-Executive Directors Mr. Zhang JunjieMr. Woo Kar Tung, RaymondMr. Jin YufengMs. Zhang Min (appointed on 29 April 2025) 張俊傑先生胡家棟先生金玉豐先生張敏女士（於二零二五年四月二十九日獲委任） 高級管理層 SENIOR MANAGEMENT Mr. Loong, Manfred Man-tsun (Retired on 30 April 2025)Ms. Chen Ying 龍文駿先生（於二零二五年四月三十日獲退任）陳瑩女士 公司秘書 COMPANY SECRETARY Mr. Cheng Kai Pui, Eric (CPA) 鄭啟培先生(CPA) AUDIT COMMITTEE 審核委員會 Mr. Woo Kar Tung, Raymond(Chairman)Mr. Kwan, Allan Chung-yuenMr. Zhang Junjie 胡家棟先生（主席）關重遠先生張俊傑先生 薪酬委員會 REMUNERATION COMMITTEE Mr. Zhang Junjie(Chairman)Mr. Jin YufengMr. Kwan, Allan Chung-yuen 張俊傑先生（主席）金玉豐先生關重遠先生 CORPORATE INFORMATION 提名委員會 NOMINATION COMMITTEE Mr. Huang Xueliang(Chairman)Mr. Jin YufengMr. Woo Kar Tung, RaymondMs. Zhang Min (appointed on 29 April 2025) 黃學良先生（主席）金玉豐先生胡家棟先生張敏女士（於二零二五年四月二十九日獲委任） 開曼群島註冊辦事處 REGISTERED OFFICE IN THE CAYMANISLANDS Maples Corporate Services LimitedPO Box 309, Ugland HouseGrand Cayman, KY1-1104Cayman Islands Maples Corporate Services LimitedPO Box 309, Ugland HouseGrand Cayman, KY1-1104Cayman Islands 中國主要營業地點 PRINCIPAL PLACE OF BUSINESS IN THE PRC 22F, Guoshi BuildingNo. 1801 Sha He Xi AvenueNanshan DistrictShenzhen, PRC 中國深圳市南山區沙河西路1801號國實大廈22樓 香港總部及主要營業地點 HEADQUARTER AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG Room 4202-04,42/F China Resources Building26 Harbour RoadWanchai, Hong Kong 香港灣仔港灣道26號華潤大廈42樓4202-04室 公司網站 COMPANY’S WEBSITE www.smit.com.cn www.smit.com.cn 開曼股份過戶登記處 CAYMAN SHARE REGISTRAR ANDTRANSFER AGENT Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands CORPORATE INFORMATION 香港證券登記處 HONG KONG SHARE REGISTRAR 香港中央證券登記有限公司香港灣仔皇后大道東183號合和中心17樓1712至1716室 Computershare Hong Kong Investor Services LimitedShops 1712-1716,17th Floor, Hopewell Centre183 Queen’s Road East WanchaiHong Kong 主要往來銀行 PRINCIPAL BANKER Citibank N.A. Hong Kong Branch21/F, Tower 1, The Gateway, Harbour CityTsim Sha Tsui, KowloonHong Kong 花旗銀行香港分行香港九龍尖沙咀海港城港威1座21樓 核數師 AUDITOR PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22/F, Prince’s BuildingCentral, Hong Kong 羅兵咸永道會計師事務所執業會計師註冊公眾利益實體核數師香港中環太子大廈22樓 股份代號 STOCK CODE 2239 2239 CHAIRMAN’S STATEMENT Dear Shareholders, 各位股東： 本人謹代表國微控股有限公司（「國微控股」或「本公司」），連同其附屬公司（統稱「本集團」）董事會（「董事會」），欣然提呈本集團截至二零二五年十二月三十一日止年度之全年業績。 On behalf of the board of directors (the “Board”) of SMITHoldings Limited (“SMIT”or the“Company”),togetherwith its subsidiaries (collectively, the “Group”), I am pleasedto present the annual results of the Group for the year ended31 December2025. The Group’s revenue for the year 2025 amounted to USD14.7million (2024: USD14.0 million), representing a year-on-yearincrease of 5.3%. Gross profit for the year was broadly inline with that of the previous year. The basic loss per sharefor this year was 1.6 US cents (2024: basic loss per share was11.8 US cents). In appreciation of the shareholders’ supportfor the Group, the Board of Directors proposes to declare afinal dividend of 0.1 US cents, with a total dividend amount ofUSD417,548. 本集團於二零二五年的收益為14.7百萬美元（二零二四年：14.0百萬美元），按年增加5.3%。年內毛利與去年大致持平。本年度每股基本虧損為1.6美仙（二零二四年：每股基本虧損為11.8美仙）。為答謝股東們對本集團支持，董事會建議派發末期股息0.1美仙，派息總額合共417,548美元。 年內，新業務及現有業務在主要客戶的業務運營方面均取得了穩定而審慎的進展。傳統視密卡板塊，歐洲市場上羅馬尼亞運營商全面切換至新平台，新興市場中印度及南美USBCAM完成原型驗證並探討銷售模式，國內國密工程項目按計 劃 完 成 順 利 出 貨 中，亦 有 新 運 營 商 項 目 佈 局 中。超 寬 帶（UWB）業務下，指向性遙控器通過芯片原廠渠道與電視廠商對接方案，追光方案則已交付樣品。智慧感知領域，光感系列產品不斷豐富，已覆蓋單點到面陣的激光雷達；壓感系列推出的織物壓力傳感器深入開發了諸多應用場景，且已完成車規級薄膜傳感器三方測試認證。 During the year, both new and existing businesses achievedsteady and prudent progress in the operation of leadingcustomers. In the traditional CAM module segment, aRomanian operator in the European market fully migratedto a new platform. In emerging markets, USB CAM productsin India and South America completed prototype verificationand entered discussions on sales models. In the domesticmarket, national cryptography engineering projects progressedas planned and deliveries were made smoothly, while newoperat