信利国际2025年年报

CONTENTS目錄 General Information一般資料2Financial Highlights財務摘要4Financial Summary財務資料概要7The Chairman’s Statement主席報告書8Management Discussion and Analysis管理層討論及分析10Directors’ Report董事會報告書24Corporate Governance Report企業管治報告33Environmental, Social and Governance Report環境、社會及管治報告44Independent Auditor’s Report獨立核數師報告書91Consolidated Statement of Profit or Loss and Other Comprehensive Income綜合損益及其他全面收益表98Consolidated Statement of Financial Position綜合財務狀況表99Consolidated Statement of Changes in Equity綜合權益變動表101Consolidated Statement of Cash Flows綜合現金流量表102Notes to the Consolidated Financial Statements綜合財務報表附註104 GENERAL INFORMATION一般資料 EXECUTIVE DIRECTORS 執行董事 林偉華（主席）黃邦俊張榮祥 Lam Wai Wah (Chairman)Wong Pong Chun, JamesCheung Wing Cheung NON-EXECUTIVE DIRECTORS 非執行董事宋貝貝林寶珍 Song Bei BeiLam Po Chun, Jane INDEPENDENT NON-EXECUTIVE DIRECTORS 獨立非執行董事 Chung Kam KwongHeung Kai SingCheung Wai Yin, Wilson 鍾錦光香啟誠張偉賢 COMPANY SECRETARYLau Fan Yu 公司秘書劉範儒 AUDITOR 核數師 Deloitte Touche TohmatsuRegistered Public Interest Entity Auditors35/F One Pacific Place88 QueenswayHong Kong 德勤 • 關黃陳方會計師行註冊公眾利益實體核數師香港金鐘道88號太古廣場一座35樓 HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 香港股份過戶登記分處 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt Road, Hong Kong 卓佳證券登記有限公司香港夏愨道16號遠東金融中心17樓 HONG KONG LEGAL ADVISOR 香港法律顧問 Morgan, Lewis & Bockius19th FloorEdinburgh Tower, The Landmark15 Queen’s Road CentralHong Kong 摩根路易斯律師事務所香港皇后大道中15號置地廣場公爵大廈19樓 GENERAL INFORMATION一般資料 MAJOR BANKERS 主要往來銀行 Agricultural Bank of China LimitedBank of China LimitedBank of China (Hong Kong) LimitedBank of Shanghai (Hong Kong) LimitedChina Construction Bank CorporationChina Construction Bank (Asia) Corporation LimitedChong Hing Bank LimitedCTBC Bank Co., Ltd.Hang Seng Bank LimitedIndustrial and Commercial Bank of China LimitedMizuho Bank, Ltd.OCBC Bank (Hong Kong) LimitedStandard Chartered Bank (HK) LimitedThe Bank of East Asia, LimitedUnited Overseas Bank Limited 中國農業銀行股份有限公司中國銀行股份有限公司中國銀行（香港）有限公司上海銀行（香港）有限公司中國建設銀行股份有限公司中國建設銀行（亞洲）股份有限公司創興銀行有限公司中國信託商業銀行股份有限公司恒生銀行有限公司中國工商銀行股份有限公司瑞穗銀行華僑銀行（香港）有限公司渣打銀行（香港）有限公司東亞銀行有限公司大華銀行有限公司 REGISTERED OFFICE 註冊辦事處 P.O. Box 309, Ugland HouseGrand Cayman, KY1-1104Cayman Islands P.O. Box 309, Ugland HouseGrand Cayman, KY1-1104Cayman Islands PRINCIPAL OFFICE 主要辦事處 2nd Floor Chung Shun Knitting Centre1–3 Wing Yip StreetKwai Chung, New TerritoriesHong Kong 香港新界葵涌永業街1至3號忠信針織中心2樓 WEBSITE 網址 http://www.truly.com.hk http://www.truly.com.hk FINANCIAL HIGHLIGHTS財務摘要 The final dividend of 5 HK cents per share (2024: 5 HK cents) hasbeen proposed by the directors and is subject to approval by theshareholders in the forthcoming annual general meeting. 董事已建議末期股息每股5港仙（二零二四年：5港仙），惟須待股東於應屆股東週年大會上批准。 FINANCIAL HIGHLIGHTS財務摘要 FINANCIAL HIGHLIGHTS財務摘要 —manufacture and distribution of electronic consumer products such as compact camera module(“CCM”), fingerprint identification modules, personal health care products and electrical devices—製造及分銷電子消費產品（例如微型相機模組（「微型相機模組」）、指紋識別模組、個人保健產品及電子設備） 附註2：電子消費產品 FINANCIAL SUMMARY財務資料概要 RESULTS THE CHAIRMAN’S STATEMENT主席報告書 Truly International Holdings Limited (“the Company”, togetherwith its subsidiaries, the “Group”), a manufacturer of displaytechnology products for leading global customers, recordedrevenue of approximately HK$16.5 billion in 2025, representing adecrease of approximately 7.5% compared to 2024, primarily dueto the decrease in revenue from the smartphone business. Profitattributable to owners of the Company for the year decreased byapproximately 9.2% to HK$274 million when compared to 2024. 信利國際有限公司（「本公司」，連同其附屬公司統稱「本集團」）為全球領先客戶的的顯示技術產品製造商，於二零二五年錄得之收益約165億港元相對二零二四年在收益方面減少約7.5%，主要為智慧手機業務收益減少。本公司擁有人應佔本年度溢利約2.74億港元，較二零二四年減少約9.2%。 In 2025, the global consumer electronics market saw a gradualrecovery in demand for electronic products, driven by themacroeconomic environment. However, the costs of certain corecomponents, such as memory chips, continued to rise in 2025,leading to increased cost pressures. The smartphone businessbalanced rising costs by raising prices. However, due to pricesensitivity among consumers and a decline in their willingnessto upgrade, market demand declined in the short term. Demandremained stable for the Group’s display business, which includesautomotive, smart wearables and professional displays (industrial,medical, smart home, and Internet of Things). 二零二五年，全球消費電子市場受宏觀經濟環境的影響，電子產品需求呈現緩慢復甦情況，2025年存儲晶片等部分核心元器件成本持續上漲，導致成本壓力加劇，智慧手機業務因成本上漲以提高售價作出平衡，消費者受價格敏感及換機意願減弱影響，市場需求短期內出現下調，集團車載、智能穿戴及專業顯示（工業、醫療、智能家居、物聯網）在內的顯示業務需求保持穩定。 二零二五年，競爭環境充滿挑戰，集團下游客戶廣泛分佈在通訊設備、汽車電子、專業顯示（工業、醫療、智能家居、物聯網）、印刷電路板及消費電子等行業，抗單一行業波動風險能力較強，集團持續投入各項業務的人才儲備以及技術研發等資源、積極配合客戶進行新產品試樣及深度互動溝通，集團工廠包括廣東汕尾之第5代TFT-LCD生產線、顯示模組生產線、觸控模組生產線及攝像 模 組 生 產 線，廣 東 惠 州 之 第4.5代TFT-LCD生產線及第4.5代AMOLED生產線，四川仁壽之聯營公司信利（仁壽）高端顯示科技有限公司第五代TFT-LCD生產線等皆達到90%以上使用率，保持穩健收益及發展。 In 2025, the competitive environment remains challenging. TheGroup’s downstream customers were widely distributed acrossi