佛朗斯股份2025 年年报

CONTENTS目錄 201INDEPENDENT AUDITOR’S REPORT 208CONSOLIDATED STATEMENT OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME 209CONSOLIDATED STATEMENT OF FINANCIAL POSITION 17MANAGEMENT DISCUSSION AND ANALYSIS 211CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 41DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT 212CONSOLIDATED STATEMENT OF CASH FLOWS 214NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CORPORATE INFORMATION公 司 資 料 BOARD OF DIRECTORS Executive Directors Mr. Hou Zekuan(Chairman of the Board)Mr. Hou Zebing(General manager)Mr. Qian XiaoxuanMs. Ma LiMr. Zhou Limin Non-executive DirectorMr. Yu Chuanfen Independent non-executive Directors Mr. Chiang EdwardDr. Fan XiaMr. Du Lizhu SUPERVISORS Ms. Li Xiaolan(Chairman of the Supervisory Committee)Mr. He XiaochengMs. Liu Xiaoli AUDIT COMMITTEE Mr. Du Lizhu(Chairman)Dr. Fan XiaMr. Chiang Edward REMUNERATION COMMITTEE Dr. Fan Xia(Chairman)Mr. Hou ZebingMr. Du Lizhu NOMINATION COMMITTEE Mr. Hou Zekuan(Chairman)Mr. Chiang EdwardDr. Fan Xia STRATEGY COMMITTEE Mr. Hou Zekuan(Chairman)Mr. Hou ZebingMr. Qian XiaoxuanMr. Yu ChuanfenMr. Chiang Edward JOINT COMPANY SECRETARIES Ms. Ma LiMs. Tang Ka Yan AUTHORIZED REPRESENTATIVES Ms. Ma LiMs. Tang Ka Yan AUDITORS 97927 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s Road, Quarry Bay, Hong Kong REGISTERED OFFICE, PRINCIPAL PLACE OFBUSINESS AND HEADQUARTER IN THE PRC 999 No. 999, Yayun AvenueShiqi Town, Panyu DistrictGuangzhou City, Guangdong ProvincePRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 33191920 Room 1920, 19/FLee Garden One33 Hysan AvenueCauseway Bay, Hong Kong CORPORATE INFORMATION公司資料 LEGAL ADVISERS 8353502–3503 Hong Kong lawJia Yuan Law OfficesSuites 3502–3503, 35/FOne Exchange Square8 Connaught Place, CentralHong Kong 1023310104 PRC lawZhong Lun Law Firm23/F, Units 01 & 04 of 31/F, R&F Center10 Huaxia RoadZhujiang New Town, Tianhe DistrictGuangzhou, GuangdongPRC H H SHARE REGISTRAR IN HONG KONG 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKER 12 Shanghai Pudong Development Bank Guangzhou BranchNo.12 Zhujiang Rd (West)Tianhe DistrictGuangzhouPRC 2499 STOCK CODE2499 www.fls123.com COMPANY WEBSITE CHAIRMAN’S STATEMENT主 席 報 告 20252026 I, on behalf of the Board of FOLANGSI CO., LTD, am pleased to present theoperating results of the Company for the fiscal year 2025, the implementation ofits strategy and the development outlook for 2026. “We consolidate our foundation for growth and strive for long-termdevelopment through meticulous effort. We strategize with a globalvision and drive the future development with innovation. We upholdprofessionalism at all times and forge quality that stands the test of theera. Every endeavor stands as a testament to our craftsmanship; everyprogress represents an accumulation of trust. We do not merely pursueexcellence, but are committed to defining new heights of sustainabledevelopment for the industry, steadily moving toward a new journey ofhigh-quality and sustainable growth.” 2025 REVIEW OF 2025: DEEP CULTIVATION ANDSTEADFAST ACTION CONTRIBUTING TO A DUALLEAP IN BOTH PERFORMANCE AND VALUE 2025B2B As time moves forward, our journey remains promising. In 2025, facing profoundadjustments in the global economic landscape, the logistics equipment industryembraced historic transformation opportunities in electrification, intelligenceand globalization. Against this backdrop, the Company stayed true to its originalaspiration of improving asset utilization and saving social resources. Guided bythe strategy of building “a world-leading high-dimensional shared ecosystemplatform for B2B industrial and logistics equipment”, the Company stuck to thethree tactical goals of “empowering service network, diversifying service offerings,and internationalization”, adhered to a development path that balances scale andquality, as well as innovation and stability, and broke through against the trendin a complex environment, achieving breakthroughs in both performance andcorporate value, laying a solid foundation for the long-term development of theCompany. Operating performance continued to climb, establishing asolid financial foundation 2025179%8,20010%202512 316.413.9%1.27.5% In 2025, driven by clear strategy execution, fine operational management andquality customer service, the operating performance of the Company continuedto climb with core financial indicators delivering outstanding results. Duringthe year, the operating revenue of the Company exceeded RMB1.7 billion,representing a year-on-year increase of approximately 9%, reflecting continuousexpansion of revenue scale and further enhancement of market influence; itsnet profit surpassed RMB82 million, representing a year-on-year increase in theadjusted profit of over 10%, indicating steady improvement in profitability andprofit quality. As of December 31, 2025, the number