Details of the acquisition of these properties were set out in the Company's announcement dated 31 August 2024. 展望發展（續） (c) 本集團主要管理人員之報酬： 董事會議決宣派截至二零二四年九月三十日止 六個月中期股息每股普通股為現金3.0港仙（二 零二三年：3.0港仙），有關股息將於二零二五 年一月十七日（星期五）當日派付予於二零二四 年十二月十九日（星期四）營業時間結束時名列 在本公司股東名冊上之股東。 於回顧期內，地緣政局持續緊張，全球經濟 環境顛簸，整體消費市場未能全面重拾增長 動力。然而，本集團憑藉廣泛的業務布局、多 元的產品選擇、穩固的客戶基礎，及前瞻的策 略部署，即使在艱難的市道中，依然能夠站穩 腳步，表現比同業平均水平優勝，更為下一步 發展作好準備，為未來業務擴展奠下根基。此 外，本集團亦進一步強化與內地和日本業務的 協同效益，開拓商機，以實現最佳的營運及銷 售潛能。由於回顧期內本集團的營業額有所減 少，因而導致毛利下降，惟在本集團的戰略舉 措下，得到部分的緩解。這些舉措包括優化定 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 FOUR SEAS MERCANTILE HOLDINGS LIMITED 四洲集團有限公 司 （於開曼群島註冊成立之有限公司） （股份代號：374） 截至二零二四年九月三十日止六個月之中期業績公告 中期業績 四洲集團有限公司（「本公司」）董事會（「董事會」）宣佈，本公司及其附屬公司 （統稱「本集團」）截至二零二四年九月三十日止六個月之未經審核簡明綜合中期業績 如下： 1 簡明綜合損益表 | --- | --- | --- | --- | |-------------------------------------------------|--------|------------------------|-------------| | | | | | | | | 截至九月三十日止六個月 | | | | | 二零二四年 | 二零二三年 | | | | 未經審核 | 未經審核 | | | 附註 | 港幣 ...

四 洲 集 團 有 限 公 司 Four Seas Mercantile Holdings Limited Stock Code 股份代號：374 ANNUAL REPORT 年報 2024 Executive Directors TAI Tak Fung, Stephen (Chairman) WU Mei Yung, Quinly (Vice Chairman) TAI Chun Kit (Managing Director) WU Wing Biu WONG Fu Hang, Derek Independent Non-executive Directors CHAN Yuk Sang, Peter Tsunao KIJIMA CHEUNG Wing Choi (Appointed on 1 April 2023) LEUNG Mei Han (Resigned on 1 April 2023) COMPANY SECRETARY YAM Wai Wah, Jenny Contents 目錄 | Corporate Information 公司資料 | 2-3 | | --- | --- | | Cha ...

倘本集團失去對一間附屬公司之控制權，則其撤銷確認 相關資產（包括商譽）、 負債、任何非控股權益及匯兌波動儲備；及確認所保留任何投資之公平值及損益 中任何因此產生之盈餘或虧損。先前於其他全面收益表內確認之本集團應佔部份 按假設本集團直接出售相關資產或負債所須採用之相同基準，視乎情況重新分類 至損益或保留溢利。 9 3. 經營分部資料 就管理而言，本集團根據區域而劃分業務單位，並有以下 三個須予報告之經營分 部： (d) 香港會計準則第12號（修訂本）國際稅務改革－支柱二細節法規架構對確認及 披 露因 實施經 濟合作 及發 展組織 刊發的 支柱 二細節 法規架 構而 產生的 遞延稅 項引入強制臨時豁免。該等修訂本亦引入受影響實體的披露規定，協助財務報 表使用者更深入了解該等實體面臨的支柱二所得稅風險，包括單獨披露於支柱 二立法生效期間與支柱二所得稅相關的即期稅項，以及披露於立法已頒佈或實 質 已頒 布但尚 未生效 期間 其面臨 的支柱 二所 得稅風 險的已 知或 可合理 估計的 資料。本集團已追溯應用該等修訂本。由於本集團不屬於支柱二細節法規架構 的範圍，故該等修訂本對本集團並無任何影響。 | --- | --- ...

截至二零二三年九月三十日止六個月 四 洲 集 團 有限 公 司 5 簡明綜合現金流量表 6 FOUR SEAS MERCANTILE HOLDINGS LIMITED INTERIM REPORT 2023-24 Acquisitions and disposals 本集團與客戶之貿易賬期以信貸為主，惟新客 戶一般需要預先付款。信貸賬期一般為一至三 個月，就主要客戶而言，可延長至最多四至五 個月。 The trade payables are non-interest-bearing and are normally settled on 30-day to 60-day terms. Other payables are non-interest-bearing and have an average term of three months. Notes: (iv) 來自聯營公司之租金收入乃由本集團 與聯營公司釐定。 MANAGEMENT DISCUSSION AND ANALYSIS During the period under review, the profit attributable to e ...

FOUR SEAS MERCANTILE HOLDINGS LIMITED 四 洲 集 團 有 限 公 司 （ 於 開 曼群 島 註冊 成 立之 有 限 公司 ） （ 股 份 代號 ：374） 中期業績 1 | --- | --- | --- | --- | |-----------------------------------|-------|--------------------------------------------------|-----------------------| | | | 截至九月三十日止六個月 \n二零二三年 \n未經審核 | 二零二二年 \n未經審核 | | | 附註 | 港幣千元 | 港幣千元 | | | | | | | 收入 銷售成本 | 3 | 1,954,785 (1,494,985) | 2,112,609 (1,623,367) | | | | | | | 毛利 | | 459,800 | 489,242 | | 其他收入及收益，淨額 | 3 | 6,499 | 17,885 | | | | | | | 銷售及分銷費用 | | (226,829) | (25 ...

Financial Performance - The Group's consolidated revenue for the year ended March 31, 2023, was HK$4,150,886,000, a decrease from HK$4,729,976,000 in 2022, representing a decline of approximately 12.2%[14]. - Profit attributable to equity holders of the Company was HK$40,732,000, up from HK$12,634,000 in the previous year, indicating a significant increase of 222.5%[14]. - Gross profit decreased by HK$58,244,000, from HK$937,558,000 to HK$879,314,000, representing a decrease of 6.2%[72]. - EBITDA for the year was HK$129,624,000, down from HK$157,496,000, a decrease of 17.7%[72]. - The net profit margin improved to 1.0% from 0.3%[71]. - The Group's financial performance reflects a strategic focus on improving profitability despite a decline in revenue[72]. Revenue Breakdown - Sales from the Hong Kong segment amounted to HK$1,831,336,000, accounting for 44% of total sales, showing stability despite pandemic impacts[21]. - Sales in Mainland China were HK$750,532,000, down from HK$929,929,000 in 2022, representing a decrease of approximately 19.2%[22]. - Revenue from Japan was HK$1,569,018,000, a decrease of 19.7% from HK$1,956,089,000 in 2022, accounting for 38% of the Group's total revenue[23][26]. - Revenue from Hong Kong was HK$1,831,336,000, a slight decrease of 0.6% from HK$1,843,958,000 in 2022, representing 44% of the Group's total revenue[24]. - Revenue from Mainland China was HK$750,532,000, a significant decrease of 19.3% from HK$929,929,000 in 2022, accounting for 18% of the Group's total revenue[25]. Strategic Initiatives - The Group's strategy includes leveraging the acquisition of Miyata Co., Ltd. to expand its product offerings in Hong Kong and Mainland China, while also entering the Japanese market[10]. - The Group aims for stable yet progressive growth while maintaining operational stability amidst inflation and rising business costs[9]. - Following the full acquisition of Miyata, the Group will invest more resources in the Japanese market, utilizing synergies to drive business growth[58]. - The Group plans to expand its presence in the Mainland market, capitalizing on the expected GDP growth of 5% and the development of the Guangdong-Hong Kong-Macao Greater Bay Area[57]. Product and Market Development - The Group has diversified its food distribution portfolio, including staples like Japanese eggs, milk, tofu, and rice, contributing to long-term growth[30][33]. - The Group's retail outlets, such as "Okashi Land" and "Miyata Store," have expanded their offerings to include staple foods, attracting more consumers and gaining long-term patrons[41]. - The Group's products are now sold on major e-commerce platforms such as Taobao, Tmall, and JD.com, leveraging online sales strategies to boost market share in Mainland China[44]. - The Group aims to maintain its leading position in Hong Kong's food distribution and retail sectors while introducing more Japanese food varieties to increase market share[52]. Community and Corporate Social Responsibility - The Group's commitment to community development and public welfare during the pandemic has been recognized, enhancing its brand image[46]. - The Group actively participates in community services and supports various charitable activities, providing food products to organizations such as schools and youth programs[120]. - The Group has received multiple awards for outstanding sales performance and corporate social responsibility, reflecting its strong reputation in the market[47]. Operational Efficiency - The cost of sales as a percentage of revenue increased in the second half of the year, impacting overall profitability due to a lag in raising product prices[15]. - The Group has implemented environmental measures, including water management and energy efficiency improvements, to enhance sustainability in operations[104]. - The Group has a stringent supplier selection process to mitigate supply chain risks, ensuring the stability and quality of food materials[122]. Employee and Governance - The total number of employees as of March 31, 2023, was approximately 2,800, with remuneration packages structured based on market terms and individual qualifications[97]. - The Group recognizes the importance of employee development and retention, offering performance-based bonuses and training programs[110]. - The Group has been awarded the "Good MPF Employer" for eight consecutive years, reflecting its commitment to employee welfare[111]. Financial Position - The Group's cash and cash equivalents stood at HK$735,180,000 as of March 31, 2023, with banking facilities of HK$2,929,826,000, of which 37% had been utilized[87]. - The Group's gearing ratio was 86% as of March 31, 2023, indicating a high level of bank borrowings relative to equity[87]. - Total assets as of 31 March 2023 were HK$3,244,070, a decrease from HK$3,352,241 in 2022[139]. - Total liabilities were HK$1,939,188, slightly reduced from HK$1,981,552 in the previous year[139]. Shareholder Information - The Company has reserves available for cash distribution amounting to HK$280,795,000, with HK$24,974,000 proposed as a final dividend[149]. - The Company repurchased a total of 36,000 shares during the year, with an aggregate consideration of HK$92,000[145]. - The repurchase aimed to enhance the net asset value per share and earnings per share for the benefit of shareholders[146].

履約責任於貨品交付時獲履行，付款一般於交付起一至三個月內到期，就主要 客戶而言，可延長至四至五個月，惟新客戶一般需要預先付款。 一年內 2,090 2,397 | --- | --- | --- | |---------------------------------------------|-----------------------|---------------------| | | | | | 其他收入及收益，淨額分析如下： | 二零二三年 港幣千元 | 二零二二年 港幣千元 | | 其他收入 | | | | 銀行利息收入 | 4,789 | 656 | | 股息收入 | 3,659 | 1,417 | | 政府補貼 * 經營租賃投資物業之租金收入 : | 75 | 17,687 | | 其他經營付款，包括固定付款 | 3,129 | 3,385 | | 其他利息收入 | 674 | 1,420 | | 消費稅退稅 | 11,108 | - | | 其他 | 7,043 | 9,164 | | | 30,477 | 33,729 | | 收益 /(虧損) ， 淨額 | | | | 議價購買收益 | ...

| --- | --- | |----------|---------------------------------------------------------------------------------------| | | | | | | | 四 | 團 有 限 公 司 集 Four Seas Mercantile Holdings Limited Stock Code 股份代號 : 374 | | 攜手共創 | | | + | 美味 | | | 2022-23 中期報告 | | | Interim Report | The board of directors (the "Board") of Four Seas Mercantile Holdings Limited (the "Company") presents the unaudited condensed consolidated statement of financial position as at 30 September 2022 of the Company and its subsidiaries (the "Group ...

| --- | --- | |--------------|----------------------------------------------------------------------------------------| | | | | | | | 阳 | 團 有 限 公 司 集 Four Seas Mercantile Holdings Limited Stock Code 股份代號 : 374 | | ★ 攜手共劇 + | 美味 + 2022 年 報 | | | Annual Report | Conte | --- | --- | --- | |----------------------------------------------------------------|-------|--------| | | | | | n t s 目 錄 | | | | Corporate Information 公司資料 | | 2-3 | | Chairman's Statement 主席報告 | | 4-15 | | Major Awards of the Year 年度主要獎項 | | ...