丽年国际2025 年报

(Incorporated in the Cayman Islands with limited liability)Stock code: 9918 CONTENTS 公司資料2Corporate Information財務摘要4Financial Highlights五年財務概要5Five-Year Financial Summary主席報告書6Chairman’s Statement管理層討論與分析9Management Discussion and Analysis董事及高級管理層13Directors and Senior Management董事會報告書20Report of the Directors企業管治報告書36Corporate Governance Report環境、社會及管治報告60Environmental, Social and Governance Report獨立核數師報告115Independent Auditor’s Report綜合全面收益表122Consolidated Statement of Comprehensive Income綜合財務狀況表123Consolidated Statement of Financial Position綜合權益變動表125Consolidated Statement of Changes in Equity綜合現金流量表127Consolidated Statement of Cash Flows綜合財務報表附註128Notes to the Consolidated Financial Statements Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Chu Wai Hang Raymond(Chairman and Chief Executive Officer)Mr. Chu Man Yin Arthur NewtonMr. Lau Shui Fung(Chief Financial Officer) Independent Non-executive Directors Ms. Law ElizabethMr. Lee Wa Lun WarrenMr. Szeto Yuk Ting Audit Committee Ms. Law Elizabeth(Chairperson)Mr. Lee Wa Lun WarrenMr. Szeto Yuk Ting Remuneration Committee Mr. Szeto Yuk Ting(Chairman)Mr. Chu Wai Hang RaymondMs. Law ElizabethMr. Lee Wa Lun Warren Nomination Committee Mr. Lee Wa Lun Warren(Chairman)Mr. Chu Wai Hang RaymondMs. Law ElizabethMr. Szeto Yuk Ting Company Secretary Ms. Chan Sau Ling Authorised Representatives Mr. Chu Wai Hang RaymondMs. Chan Sau Ling Auditor PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor Corporate Information Hong Kong Legal Adviser Bird & Bird Principal Bankers The Hongkong and Shanghai Banking Corporation LimitedHang Seng Bank LimitedStandard Chartered Bank (Hong Kong) LimitedCitibank N.A. Hong KongUnited Overseas Bank Limited Compliance Adviser Huajin Corporate Finance (International) Limited Registered Office 4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands 4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands Headquarter and Principal Place of Business in Hong Kong 38513203-3207 Units 3203-3207, Tower 1Enterprise Square Five, 38 Wang Chiu RoadKowloon Bay, Kowloon, Hong Kong PrincipalShare Registrar and Transfer Office in theCayman Islands Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands Hong Kong Branch Share Registrar and Transfer Office Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 1617 Place of Listing The Stock Exchange of Hong Kong Limited Stock Code 9918 9918 WISE ALLY INTL Company’s Website www.wiseally.com.hk Financial Highlights CONSOLIDATED RESULTS Chairman’s Statement On behalf of the board (the “Board”) of directors (the “Directors” andeach a “Director”) of Wise Ally International Holdings Limited (the“Company”, together with its subsidiaries, the “Group”), I am pleasedto present to the shareholders of the Company (the “Shareholders”) theannual results and consolidated financial statements of the Group forthe year ended 31 December 2025 (“FY2025” or the “reporting period”)together with the comparative figures for the year ended 31 December2024 (“FY2024”). 202512312025202412 312024 Theyear 2025 presented a significantly challenging operatingenvironment for the Group. The abrupt escalation of U.S. tariffs sinceApril 2025 on our export categories created a highly uncertain andvolatile trading environment, which led to a sharp contraction incustomer demand and order volumes. As a result, our total revenue forFY2025 declined to HK$855.0 million, representing a decrease of 32.2%compared to HK$1,260.8 million in FY2024. This decline in revenue,combined with the compression of gross profit margin, translated intoa net loss attributable to equity holders of HK$31.2 million for FY2025,compared with a net profit of HK$72.2 million for FY2024. While thesefigures reflect the extraordinary external pressures we faced duringFY2025, they do not diminish the underlying resilience of our businessmodel nor the unwavering commitment of the Group in navigating theseunprecedented conditions. 2025202542025855.020241,260.832.2%202531.2202472.22025 Despite these headwinds, we made substantial progress in advancingour strategic priorities during FY2025. Building on the groundworklaid in 2023 and early 2024, we successfully accelerated the ramp-up of our production in Batam, Indonesia, throughout FY2025. Thisexpansion represents a key milestone in the Group’s “China PlusOne” manufacturing strategy, which aims to diversify the Group’smanufacturing footprint, enhance supply chain resilience, and mitigaterisks arising from geopolitical tensions and logistical disruptions. Ourproduction in Batam has been pivotal in securing new U