Financial Performance - For the first quarter of 2025, the company achieved operating revenue of RMB 5,720,965,040, representing a year-on-year increase of 47.69% compared to RMB 3,873,747,046 in the same period last year[4][9] - The net profit attributable to shareholders of the parent company for the same period was RMB 2,041,982,798, reflecting a significant year-on-year growth of 64.85% from RMB 1,238,666,240[4][9] - The basic earnings per share increased by 71.55% to RMB 0.382, up from RMB 0.223 in the previous year[9][18] - The company reported a net profit excluding non-recurring items of RMB 2,008,455,771, which is a 65.07% increase from RMB 1,216,702,413 in the previous year[9][19] - Net profit for Q1 2025 was RMB 2,044,387,261, representing a 64.9% increase from RMB 1,239,089,337 in Q1 2024[36] - The company reported a net profit of RMB 98,299,737 for Q1 2025, a decrease of 95.1% from RMB 1,986,970,103 in the same quarter last year[43] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 31.38% to RMB 8,793,070,123, down from RMB 12,814,865,518 in the same period last year[9][19] - Operating cash flow decreased by 31.38% to ¥8,793,070,123, primarily due to reduced cash inflows from financial instruments held for trading[22] - The net cash flow from operating activities for Q1 2025 was RMB 4,914,979,976, down 43.5% from RMB 8,628,609,356 in Q1 2024[44] - Cash flow from investment activities showed a net outflow of RMB 1,046,406,291, contrasting with a net inflow of RMB 4,289,700,093 in the previous year[45] - Net cash flow from investing activities was negative at ¥-1,392,132,913, reflecting increased cash payments for investments[22] - Net cash flow from financing activities was negative at ¥-10,478,440,949, due to decreased cash inflows from issuing debt instruments[22] Assets and Liabilities - Total assets at the end of the reporting period were RMB 673,200,948,427, a slight decrease of 0.22% from RMB 674,715,821,446 at the end of the previous year[10] - Total liabilities decreased to RMB 555,724,781,523 from RMB 559,094,150,638, indicating a reduction of approximately 0.7%[33] - The total assets as of March 31, 2025, were RMB 327,602,300,109, down from RMB 336,796,609,098 at the end of 2024[40] - The total liabilities decreased to RMB 240,240,709,816 as of March 31, 2025, compared to RMB 249,315,377,539 at the end of 2024[41] Equity and Investments - The total equity attributable to shareholders of the parent company increased by 1.57% to RMB 117,152,834,492 from RMB 115,347,607,754[10] - The company’s total equity as of March 31, 2025, was RMB 87,361,590,293, a slight decrease from RMB 87,481,231,559 at the end of 2024[41] - The company reported investment income of RMB 4,244,768,778 for Q1 2025, up from RMB 3,435,648,963 in Q1 2024[35] - Investment income for Q1 2025 was RMB 1,214,999,018, a significant recovery from a loss of RMB 485,982,202 in Q1 2024[42] Expenses and Tax - Tax expenses increased by 94.16% to ¥370,748,737, driven by an increase in total profit[21] - Business and management expenses rose by 37.00% to ¥3,280,813,570, reflecting higher employee costs due to improved operational performance[21] - Total operating expenses surged to RMB 1,626,416,201, compared to RMB 601,917,027 in Q1 2024, reflecting a year-over-year increase of 169.5%[42] Other Financial Metrics - The risk coverage ratio improved to 219.10% from 188.54% in the previous year, indicating enhanced risk management[13] - The liquidity coverage ratio significantly increased to 371.61% from 224.00% year-on-year, reflecting better liquidity management[13] - The company’s cash and cash equivalents rose to RMB 131,172,724,121 from RMB 128,501,125,589[32] - The ending cash and cash equivalents balance as of March 31, 2025, was RMB 45,401,859,910, down from RMB 52,052,365,913 at the end of Q1 2024[46]

Plus Group Holdings Inc. 普樂師集團控股有限公司 (A company incorporated in the Cayman Islands with limited liability) Stock code 股份代號 : 2486 （於開曼群島註冊成立的有限公司） ANNUAL REPORT 2024年 報 Plus Group Holdings Inc. 普樂師集團控股有限公司 Plus Group Holdings Inc. 普樂師集團控股有限公司 ANNUAL REPORT 2024 CONTENTS 目錄 | Definitions | 2 | | --- | --- | | 釋義 | | | Corporate Information | 6 | | 公司資料 | | | Financial and Operational Highlights | 9 | | 財務及營運概要 | | | Chairman's Statement | 12 | | 主席報告書 | | | Management Discussion and Analysis | 16 | | 管理層討論與分 ...

Financial Performance - Revenue for the year reached RMB 27,328 million, representing a year-on-year increase of 33.8%[21] - EBITDA was RMB 5,553 million, reflecting a year-on-year growth of 32.8%[21] - Earnings per share increased by 142.9% to RMB 1.53[21] - Free cash flow decreased by 22.4% to RMB 2,954 million, with capital expenditure accounting for 42.0% of EBITDA[21] - Net assets grew by 3.3% to RMB 23,117 million, while the net asset liability ratio was 3.8%[21] - Revenue for 2023 was RMB 20,419,072 thousand, with a projected increase to RMB 27,328,304 thousand in 2024, representing a growth of 33.8%[22] - Net profit attributable to shareholders increased significantly from RMB 740,370 thousand in 2023 to RMB 1,797,230 thousand in 2024, marking a 142.7% increase[22] - Operating cash flow reached RMB 5.2 billion, indicating a strong financial foundation[39] - The gross profit margin improved to 22.1% in 2024, up by 5.2 percentage points from 16.9% in 2023[22] - The overall revenue for 2024 increased by 33.8% to RMB 27.33 billion, driven by a rise in PSS-related business revenue by RMB 3,494.6 million[54] Research and Development - The company invested 7.4% of its revenue in R&D for 2024, maintaining a strong focus on technological innovation[17] - The company holds a total of 5,112 patents, with an additional 2,752 patents pending[17] - Research and development expenses accounted for 7.4% of revenue in 2024, slightly down from 7.7% in 2023[22] - Research and development expenses increased by 28.5% to RMB 2.02 billion in 2024, reflecting additional investments in new projects[59] - The company is focusing on high-performance products in the sensor and semiconductor segment, with a leading market share in high signal-to-noise ratio microphones[52] Strategic Focus and Market Expansion - Strategic focus includes expanding into smartphone, smart automotive, VR/AR, and smart home sectors[10] - The company aims to enhance production efficiency through the development of automated equipment and flexible production lines[20] - The company aims to enhance its core business through innovations in acoustics, optics, and electromagnetic transmission, targeting growth in consumer electronics and automotive sectors[39] - Future growth opportunities are anticipated in the consumer electronics sector, driven by edge AI deployment and the expansion of markets such as electric vehicles and AR/VR[53] Acquisitions and Investments - The company completed the first phase acquisition of Premium Sound Solutions (PSS) in February 2024, positively impacting profits and providing new momentum in the automotive market[39] - AAC Technologies (Belgium) BV agreed to purchase 100% of Acoustics Solutions International B.V. in two batches, with the first batch representing 80% of the issued shares[135] - The acquisition aims to diversify the company's automotive business and enhance its audio solution offerings, creating synergies with existing strengths[138] Corporate Governance - The company has established an Enterprise Risk Management (ERM) framework to effectively identify, assess, mitigate, and monitor sustainability risks[77] - The company emphasizes sustainability in its governance structure, with a dedicated Sustainability Committee[107] - The board includes members with significant international experience, which may aid in market expansion strategies[95][99][103] - The independent directors have no relationships with other board members or major shareholders, ensuring unbiased governance[97][101][104] - The company has committed to high standards of corporate governance, ensuring compliance with all relevant codes throughout the fiscal year[183] Sustainability and Social Responsibility - The company has implemented a comprehensive climate change policy to drive sustainability efforts, incorporating ISO environmental and energy management standards[85] - The company made donations amounting to approximately RMB 1,050,000 for community medical welfare, poverty alleviation, and educational support[171] - The sustainable development committee was established in May 2024 to enhance governance in sustainability[189] Financial Policies and Risk Management - The company will maintain a prudent financial policy and strong cash flow to support business development and create long-term value for shareholders[119] - The company has established a robust financial risk management policy, detailed in its annual report[118] - The company focuses on reducing liquidity and interest rate risks by maintaining an appropriate RMB/USD borrowing mix[86] Employee and Shareholder Information - The company employed 37,273 full-time employees, a 25% increase from 29,922 employees on December 31, 2023, with 11% of the increase attributed to the acquisition of PSS[177] - The board proposed a final dividend of HKD 0.24 per share for the fiscal year 2024, up from HKD 0.10 per share in fiscal year 2023, maintaining a 15% payout ratio[119] - The company has established a compensation policy for senior management and directors, which is reviewed by the compensation committee[155] Supply Chain and Procurement - The group entered into procurement agreements with suppliers, with a maximum annual limit of RMB 140,000 thousand for materials and products[144] - The company has a total of 3,344 square meters of warehouse space leased in Vietnam, with an expected annual rent of USD 160,600[143] - The company’s largest supplier accounted for approximately 8.0% of total procurement, with the top five suppliers making up 22.9% of total procurement[178]

年報目錄 關於我們 P2 公司簡介 P4 五年數據摘要 管理層討論與分析 公司管治 | P39 | 公司治理報告 | P68 | 董事會報告 | | --- | --- | --- | --- | | P103 | 獨立非執行董事履職報告 | P114 | 監事會報告 | 財務報表 P118 獨立核數師報告 P123 綜合損益及其他全面收益表 P125 綜合財務狀況表 P128 綜合權益變動表 P130 綜合現金流量表 P132 綜合財務表附註 其他信息 中遠海運能源運輸股份有限公司 2024 年度報告 1 P5 公司所從事的主要業務、經營模式及行業情況說明 P9 國際國內能源運輸市場分析 P13 經營業績回顧 P20 成本及費用分析 P21 合營公司及聯營公司經營情況 P22 財務狀況分析 P30 船隊發展 P31 二零二五年前景展望 P250 公司資料 P252 董事、監事及高級管理人員簡歷 公司簡介 中遠海運能源運輸股份有限公司（簡稱「中遠海運能源」或「本公司」，連同其附屬公司，統稱「本集團」）是中國遠 洋海運集團有限公司（「中遠海運」，連同其附屬公司，統稱「中遠海運集團」）旗下從事油品及液化天然氣等能 ...

目錄 公司資料 2 董事長報告 4 財務概要 10 管理層討論及分析 12 董事、監事及高級管理層 19 企業管治報告 28 董事會報告 49 監事會報告 63 環境、社會及管治報告 66 獨立核數師報告 107 合併綜合虧損表 113 合併資產負債表 114 合併權益變動表 116 合併現金流量表 117 合併財務報表附註 118 釋義及技術詞彙表 207 2 2024年年度報告 公司資料 項陽博士 譚開國先生 （主席） 譚明奎博士 薪酬委員會 項陽博士 譚開國先生 譚明奎博士 （主席） 董事會 執行董事 劉國清博士 （董事長兼總經理） 楊廣先生 周翔先生 王啟程先生 非執行董事 畢壘先生 劉怡然女士 獨立非執行董事 項陽博士 譚開國先生 譚明奎博士 監事 廖迪廣先生 （監事會主席） 敖爭光先生 宛浩先生 審計委員會 提名委員會 劉國清博士 項陽博士 （主席） 譚明奎博士 戰略委員會 劉國清博士 （主席） 楊廣先生 譚明奎博士 聯席公司秘書(1) 羅希文女士 林穎芝女士(ACG, HKACG) 授權代表 劉國清博士 林穎芝女士 核數師 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 ...

(Incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立的有限公司) Stock Code 股份代號:1532 年報 Contents 目錄 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Chairman's Statement | 主席報告 | 4 | | Directors' Business Review and | 董事業務回顧與管理層討論及分析 | 6 | | Management Discussion and Analysis | | | | Corporate Governance Report | 企業管治報告 | 22 | | Directors and Senior Management | 董事及高級管理人員 | 43 | | Report of the Directors | 董事會報告書 | 46 | | Independent Auditor's Report | 獨立核數師報告 | 60 | | Consolidated Stat ...

SHANGHAI INTERNATIONAL SHANGHAI GROWTH INVESTMENT LIMITED 公司資料 目錄 | 公司資料 | 2 | | --- | --- | | 董事會總結 | 3 | | 管理層討論與分析 | 6 | | 經濟回顧 | 6 | | 主要投資目標、政策及限制 | 7 | | 上市投資回顧 | 7 | | 非上市投資回顧 | 10 | | 董事履歷資料 | 13 | | 企業管治報告 | 16 | | 環境、社會及管治報告 | 35 | | 董事會報告 | 47 | | 獨立審計師報告 | 55 | | 損益及其他全面收益表 | 60 | | 財務狀況表 | 61 | | 權益變動表 | 62 | | 現金流量表 | 63 | | 財務報表附註 | 64 | | 五年財務概要（未經審核） | 96 | 頁次 董事 執行董事： 趙恬先生 獨立非執行董事： 華民博士 王家泰先生 （於二零二五年一月二十九日辭任） 易永發先生 （於二零二五年二月十四日辭任） 劉美雪女士 （於二零二四年十二月二十七日委任） 蔡德輝先生 （於二零二五年二月十四日委任） 非執行董事： 陸雪方先生 ...

Financial Performance - The company's net revenue for the year ending December 31, 2024, was HKD 36.17 billion, an increase of HKD 6.64 billion or 22.5% compared to HKD 29.53 billion for the same period in 2023[40] - Adjusted EBITDA for the year was HKD 9.03 billion, up from HKD 7.51 billion in the previous year[39] - The loss attributable to the company's owners was HKD 780 million, significantly reduced from HKD 1.74 billion in 2023[39] - Casino revenue rose by 22.2% from HKD 24,090.4 million in 2023 to HKD 29,432.3 million in 2024, with hotel room revenue increasing by 24.5% and food and beverage revenue increasing by 36.4%[106] - Total operating revenue for Melco Resorts increased to $4,640,000,000 in 2024 from $3,780,000,000 in 2023, representing a growth of 22.8%[115] - Adjusted property EBITDA for Melco Resorts reached $1,220,000,000 in 2024, up from $1,040,000,000 in 2023, marking a 17.3% increase[116] - Net income attributable to Melco Resorts was $43,500,000 in 2024, a significant recovery from a net loss of $326,900,000 in 2023[116] Strategic Expansion and Development - The company is set to launch the highly anticipated "The House of Dancing Water" show in May 2025, enhancing the tourism experience at City of Dreams[41] - The company plans to open a new casino at City of Dreams Sri Lanka in Q3 2025, expanding its brand and customer base[41] - The group anticipates the opening of City of Dreams Sri Lanka in Q3 2025, which is expected to be a light capital investment project with significant returns[59] - The group is exploring strategic options for City of Dreams Manila to optimize investments and effectively reallocate resources[59] - The group continues to invest resources to enrich its cultural, leisure, and tourism projects in Macau, including the return of the acclaimed water show "The House of Dancing Water" to enhance the tourism experience[75] Sustainability and Corporate Social Responsibility - The group has received recognition for its community initiatives, winning awards for best corporate social responsibility programs[25] - The group is committed to achieving carbon neutrality and reducing waste and water consumption as part of its sustainability goals[45] - The group made charitable contributions of approximately HKD 135.7 million in 2024, with nearly 3,600 volunteer hours contributed by employees globally[44] - The company was awarded the "ESG Best Performance Award - Merit" and "Theme Award - Merit" at the BDO ESG Awards 2024, recognizing its outstanding performance in sustainability[101] - The group won the "Best Overall Corporate Social Responsibility Program" and "Best Corporate Social Responsibility Initiative" at the IAG Academy IR Awards for its "Small Kindness, Big Love" initiative[98] Operational Improvements and Guest Experience - The gradual improvement in operations is attributed to the recovery of inbound tourists to Macau and the opening of new facilities[40] - The group is focusing on enhancing guest experiences and has introduced new entertainment facilities, including the first Dolby Cinema in Hong Kong and Macau[56] - The upgraded membership program offers exclusive benefits and personalized experiences to guests, aimed at increasing property attractiveness and foot traffic[56] - The group has implemented significant property upgrades that have improved guest satisfaction and overall financial performance[57] - The company continues to enhance guest experiences at Studio City through the addition of new facilities and attractions, including the opening of the first Dolby Cinema in Hong Kong and Macau[67] Environmental Impact - Greenhouse gas emissions increased from 17,688 MtCO2e in 2022 to 20,770 MtCO2e in 2023, and are projected to reach 28,675 MtCO2e in 2024[46] - Total energy consumption rose from 390,278 MWh in 2022 to 470,030 MWh in 2023, with a forecast of 536,449 MWh in 2024[47] - The total amount of waste generated increased from 7,680 tons in 2022 to 15,633 tons in 2023, expected to reach 20,996 tons in 2024[48] Corporate Governance and Leadership - The company emphasizes maintaining high levels of corporate governance to ensure responsible decision-making and improve transparency to shareholders[178] - The corporate governance framework is designed in accordance with applicable laws and listing rules, with regular reviews by the board of directors[179] - The board of directors consists of six members, with three executive directors and three independent non-executive directors, ensuring compliance with independence regulations[192] - The independent non-executive directors play a crucial role in maintaining financial reporting standards and safeguarding shareholder interests[198] - The company has established a code of conduct to ensure the highest ethical standards are upheld across all employees[181] Employee Development and Community Engagement - The company emphasizes the importance of talent and diversity in its workforce, aiming to create a supportive work environment[156] - The group is committed to providing training and development opportunities to enhance employee skills and performance[159] - The company continues to focus on supporting local SMEs through various initiatives, enhancing communication platforms to better understand their needs and services[100] - The company has implemented training programs for new employees to instill its culture and values, with ongoing monitoring of cultural promotion effectiveness[190] Market Performance and Recognition - The group has received eight Michelin stars across its five fine dining establishments, reaffirming its status as a leader in Macau's culinary scene[77] - The group received a record 107 stars in the 2025 Forbes Travel Guide, with 19 properties awarded five-star honors, reinforcing its leadership in the integrated resort sector in Macau and Asia[86] - The group was recognized as one of the top ten best integrated resorts in the Asia-Pacific region by Travel + Leisure in 2024[91] - The group’s City of Dreams Mediterranean won two awards at the 2024 World Luxury Hotel Awards, showcasing its growing influence in the global market[91]

2024 ANNUAL REPORT 年 報 ANNUAL REPORT 2024 年報 Table of Contents 目錄 | | Page | | --- | --- | | | 頁次 | | Corporate Profile | 2 | | 公司簡介 | | | Financial Highlights | 3 | | 財務摘要 | | | Five-year Financial Summary | 4 | | 五年財務概要 | | | Chairman's Statement | 5 | | 主席報告書 | | | Biographical Details of Directors and Senior Management | 8 | | 董事及高級管理人員履歷 | | | Corporate Governance Report | 13 | | 企業管治報告 | | | Management Discussion and Analysis | 31 | | 管理層討論及分析 | | | Directors' Report | 49 | | 董事會報告 | | | Independent A ...

目錄 李鈞先生 （主席） 李亮先生 （行政總裁） 盧志森先生 趙慧利女士 獨立非執行董事 馬占凱先生 余國杰博士 孔華威先生 審核委員會 余國杰博士 （主席） 馬占凱先生 孔華威先生 薪酬委員會 馬占凱先生 （主席） 趙慧利女士 孔華威先生 2 公司資料 3 主席報告 5 管理層討論及分析 22 董事及高級管理層履歷詳情 27 董事會報告 37 企業管治報告 55 環境、社會及管治報告 107 獨立核數師報告 114 合併損益表 115 合併綜合收益表 116 合併財務狀況表 118 合併權益變動表 120 合併現金流量表 121 合併財務報表附註 208 五年財務摘要 公司資料 董事會 執行董事 趙慧利女士 陳詩婷女士 註冊辦事處 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands 中國總辦事處及主要營業地點 提名委員會 馬占凱先生 （主席） 李鈞先生 孔華威先生 投資委員會 李亮先生 （主席） 趙慧利女士 馬占凱先生 公司秘書 陳詩婷女士 （FCG, HKFCG ） 授權代表 中國 （浙江）自由 ...