周黑鴨：2025年報.pdf

1、ANNUAL REPORT年度報告2025Zhou Hei Ya International Holdings Company Limited周黑鴨國際控股有限公司(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：14582Corporate Information公司資料4Chairmans Statement主席報告7Business Review and Outlook業務回顧及展望14Management Discussion and Analysis管理

2、層討論與分析26Biographies of the Directors and Senior Management董事及高級管理層履歷29Directors Report董事會報告56Corporate Governance Report企業管治報告Contents目錄74Independent Auditors Report獨立核數師報告81Consolidated Statement of Profit or Loss and Other Comprehensive Income綜合損益及其他全面收益表82Consolidated Statement of Financial Posit

3、ion綜合財務狀況表84Consolidated Statement of Changes in Equity綜合權益變動表86Consolidated Statement of Cash Flows綜合現金流量表89Notes to Financial Statements財務報表附註200Five-Year Financial Summary五年財務概要Corporate Information公司資料2Zhou Hei Ya International Holdings Company LimitedAnnual Report 2025BOARD OF DIRECTORSExecutiv

4、e DirectorsMr.ZHOU Fuyu(Chairman and Chief Executive Officer)Mr.LYU HanbinMs.WANG YaliIndependent Non-executive DirectorsMr.CHAN Kam Ching,Paul(resigned with effect from March 26,2026)Mr.LU Weidong(resigned with effect from March 26,2026)Mr.CHEN ChenMr.LAI Chi Shing(appointed with effect from March

5、26,2026)Ms.CHEN Ying(appointed with effect from March 26,2026)AUDIT COMMITTEEMr.CHEN Chen(Chairman)Mr.CHAN Kam Ching,Paul(resigned with effect from March 26,2026)Mr.LU Weidong(resigned with effect from March 26,2026)Mr.LAI Chi Shing(appointed as a member with effect from March 26,2026)Ms.CHEN Ying(a

6、ppointed as a member with effect from March 26,2026)NOMINATION COMMITTEEMr.ZHOU Fuyu(ceased to be the Chairman with effect from June 24,2025 and re-designated as the Chairman with effect from March 26,2026)Mr.CHEN Chen(Chairman)(re-designated as the Chairman with effect from June 24,2025 and re-desi