第 1 頁 共 10 頁 v 1.1.1 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 富士高實業控股有限公司 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00927 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 20 ...

股東週年大會投票結果 茲提述富士高實業控股有限公司（* 「本公司」）所刊發日期為2025年7月18日之通函（「該通 函」）。本公告所用之詞彙與該通函所定義者具有相同涵義。 於2025年8月22日舉行之股東週年大會上，載於該通函內的股東週年大會通告所建議的 普通決議案（「決議案」）以投票方式進行表決。本公司的香港股份過戶登記分處香港中央 證券登記有限公司在股東週年大會上擔任監票人。 本公司執行董事楊志雄先生、源而細先生、周文仁先生、源子敬先生及楊少聰先生，以 及獨立非執行董事吳宏斌博士、車偉恒先生及謝勤女士均已親身或通過電子方式出席 股東週年大會。 由於大多數已點票數贊成普通決議案，董事會欣然宣佈於股東週年大會上正式通過所有 決議案。有關各決議案之投票結果如下： 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之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就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之任何損失承擔任何責任。 | | | 贊成 | 反對 | | --- | --- | --- | --- | | | 普通決議案 | 投票股份數目 | 投票股份數目 | ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 富士高實業控股有限公司 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00927 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | 本月底法定/註冊股 ...

2024/2025 Annual Report 年報 Annual Report 2024/2025 年報 富士高實業控股有限公 司 VISION 願景 To become our customers' preferred strategic partner in the acoustics and electronics industries. 成為在電聲及電子領域客戶首選的策略性合作夥伴。 MISSION 使命 Through advancements in innovative technologies, we strive to provide value-added and distinct products to our customers. 以先進及創新科技，竭力為客戶提供高增值、高差異性的產品。 VALUES 價值觀 We, as a partner, abide by our commitment to our customers. We, as an innovator, relentlessly pursue excellence. We, as a team, cross the fi ...

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分內容 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。 全年業績公佈 截至2025年3月31日止年度 財務摘要 富士高實業控股有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬公司 （「富士高」或「本集團」）截至2025年3月31日止年度之經審核綜合業績。 本年度業績已經本公司審核委員會審閱。 * 僅供識別 - 1 - – 收入：925,600,000港元，下跌6.7%（2024：992,500,000港元） – 毛利率：26.6% ，上升8.9個百分點（2024：17.7%） – 本 公 司 股 權 持 有 人 應 佔 虧 損：36,100,000 港元，下跌 310.3%（2024：溢利 17,200,000港元） – 每股基本虧損：8.5港仙（2024：每股基本盈利4.0港仙） – 末期股息（每股）：5.0港仙（2024：末期及特別末期股息6.0港仙） 綜合全面收益表 截至2025年3月31日止年度 | | | 2025 | 2024 | ...

Financial Performance - For the six months ended September 30, 2024, the Group's revenue totaled HK$516.4 million, representing a year-on-year increase of 4.8%[7]. - Gross profit amounted to HK$121.2 million, with a gross profit margin of 23.5%, up from 20.8% in the previous year[7]. - Profit for the accessories and components segment surged to HK$57.1 million, compared to HK$17.8 million in the previous year, attributed to business restructuring and new orders[10]. - The Group recorded net foreign exchange losses of approximately HK$6.9 million during the interim period, compared to net gains of HK$2.4 million in 2023, primarily due to the depreciation of the Renminbi[26]. - Profit for the period reached HK$39,680,000, up 24.8% from HK$31,806,000 in the same period last year[114]. - Total comprehensive income for the period was HK$47,460,000, significantly higher than HK$16,204,000 in the previous year[114]. - The profit before income tax for the period was HK$49,922,000, an increase of 25.3% compared to HK$39,893,000 in 2023[167]. Revenue Breakdown - Revenue from the headsets and headphones segment was HK$274.2 million, accounting for 53.1% of total revenue, a decrease from HK$318.7 million in the previous year[10]. - The accessories and components segment saw revenue rise to HK$242.2 million, up from HK$173.9 million, contributing 46.9% of total revenue[10]. - Revenue from external parties is derived from numerous customers and measured consistently with the condensed consolidated statement of comprehensive income[161]. - Revenue from headsets and headphones segment was approximately HK$167,598,000, down from HK$225,603,000 in 2023, representing a decline of 25.7%[167]. - Revenue from accessories and components segment increased to approximately HK$192,985,000, up from HK$164,527,000 in 2023, reflecting a growth of 17.3%[167]. - External revenue from Hong Kong was approximately HK$461,458,000, a decrease of 4.7% from HK$484,368,000 in 2023, while revenue from China increased significantly to approximately HK$54,927,000 from HK$8,196,000[167]. Economic Outlook - The global economic outlook remains uncertain, with growth projected to fall below the 2010s average in nearly 60% of economies[11]. - The earphones and headphones market is projected to grow at a CAGR of approximately 12% from 2024 to 2030, reaching nearly US$140.84 billion by 2030[11]. - The global economic outlook remains uncertain, with nearly 60% of economies expected to grow below the average rate of the 2010s from 2024 to 2025[14]. - The earphone and headphone market is projected to grow at a compound annual growth rate of approximately 12%, increasing from $63.51 billion in 2023 to nearly $140.84 billion by 2030[14]. Strategic Initiatives - The Group plans to focus on developing products with longer life cycles, particularly in the education and automotive sectors[12]. - Fujikon is engaged in R&D for new products in the gaming and automotive segments, with some projects nearing completion[12]. - The Group aims to expand its presence in the automotive market, leveraging its qualifications in high-quality electroacoustic production[12]. - Fujikon continues to invest in automation, including the installation of robotic arms for an upcoming automotive project, enhancing production efficiency and meeting large-volume orders[19]. - The Group is implementing a "Make or Buy" strategy to streamline operations, maintaining essential production in-house while outsourcing secondary production[20]. Human Resources and Corporate Governance - As of 30 September 2024, the Group employed approximately 2,200 employees, a decrease from 2,300 in 2023, with staff costs amounting to HK$138.5 million compared to HK$143.3 million in the previous year[28]. - The Group's human resources policies reward employees based on performance, with discretionary bonuses linked to both group and individual performance[28]. - The Remuneration Committee meets biannually to review the remuneration policies for directors and senior management, ensuring packages are aligned with market conditions and individual contributions[80][81]. - The Audit Committee plays a crucial role in linking the Board with the auditor, overseeing financial reporting and risk management processes[83][87]. - The company complied with the Corporate Governance Code, except for the separation of roles of chairman and chief executive officer[74]. Financial Position - The Group's net current assets as of September 30, 2024, amounted to approximately HK$516.8 million, a decrease of about 3.5% from HK$533.6 million as of March 31, 2024[26]. - Cash and cash equivalents were approximately HK$285.1 million as of September 30, 2024, representing a decrease of approximately 12.5% from HK$325.8 million as of March 31, 2024[26]. - Total current liabilities rose to HK$291,146,000 from HK$266,159,000, reflecting an increase of approximately 9.4%[106]. - Total equity as of September 30, 2024, was HK$674,353,000, compared to HK$672,043,000 as of March 31, 2024, indicating a slight increase of approximately 0.3%[108]. - The company reported a significant increase in investment properties, rising to HK$3,400,000 from HK$1,400,000, which is a growth of 142.9%[106]. Shareholder Information - The Board declared an interim dividend of HK2.0 cents per ordinary share for the Interim Period, consistent with the previous year[34]. - The total number of shares in issue as of 30 September 2024 was 425,839,000 shares[43]. - The interests of directors in the Company included 17,221,000 shares held by Yeung Chi Hung, Johnny (4.04% ownership), and 64,572,500 shares held by Yuen Yee Sai, Simon (15.16% ownership)[43]. - The company did not purchase, sell, or redeem any shares during the interim period[72]. Taxation and Compliance - The estimated assessable profits in Hong Kong are taxed at a rate of 16.5%, consistent with the previous year[196]. - The company is exempt from Bermuda income tax until March 2035[198]. - The company's subsidiaries in China are subject to a corporate income tax rate of 25%[198]. - A 10% withholding tax is levied on dividends declared to foreign investors from foreign investment enterprises established in China, effective from January 1, 2008[197].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 516,385,000, representing an increase of 4.0% compared to HKD 492,564,000 for the same period in 2023[6] - Gross profit for the same period was HKD 121,224,000, up 18.5% from HKD 102,322,000 year-on-year[6] - Operating profit increased to HKD 43,462,000, a rise of 29.4% from HKD 33,594,000 in the previous year[6] - Net profit for the period was HKD 39,680,000, compared to HKD 31,806,000, reflecting a growth of 24.7%[8] - Total comprehensive income for the period was HKD 47,460,000, significantly higher than HKD 16,204,000 in the same period last year[8] - Total revenue for the six months ended September 30, 2024, reached HKD 516.4 million, an increase of 4.8% compared to HKD 492.6 million in 2023[38] - Gross profit for the same period was HKD 121.2 million, with a gross margin of 23.5%, up from 20.8% in 2023[38] - Net profit attributable to equity holders was HKD 16.5 million, down from HKD 18.2 million in 2023[38] Revenue Breakdown - The revenue from external customers in Hong Kong was approximately HKD 461,458,000, a decrease from HKD 484,368,000 in 2023, reflecting a decline of about 4.0%[25] - The revenue from external customers in China increased significantly to approximately HKD 54,927,000, compared to HKD 8,196,000 in 2023, marking a growth of approximately 572.0%[25] - The revenue from the earphone and audio headset segment was HKD 274.2 million, a decrease from HKD 318.7 million in 2023, representing 53.1% of total revenue[40] - The accessories and components segment reported revenue of HKD 242.2 million, up from HKD 173.9 million in 2023, accounting for 46.9% of total revenue[41] Assets and Liabilities - Non-current assets increased to HKD 166,778,000 from HKD 142,244,000 as of March 31, 2024[10] - Current assets totaled HKD 807,940,000, slightly up from HKD 799,783,000[10] - The company reported a net asset value of HKD 674,353,000, compared to HKD 672,043,000 as of March 31, 2024[12] - The accounts receivable as of September 30, 2024, amounted to HKD 302.0 million, slightly down from HKD 303.6 million as of March 31, 2024[33] - The group provided corporate guarantees amounting to approximately HKD 157.1 million for its subsidiaries' bank financing[52] Dividends - The company declared an interim dividend of HKD 0.02 per share for the six months ended September 30, 2024, consistent with the dividend declared in 2023[30] - The company declared an interim dividend of HKD 0.02 per share, consistent with the previous year[36] Operational Developments - The company plans to focus on developing long-cycle products to diversify and stabilize revenue sources amid challenging market conditions[40] - The group has established its first offshore production base in Indonesia, with a major client confirming the relocation of its product assembly line from mainland China to this facility, set to begin deliveries in Q1 2025[45] - The group is focusing on developing long-cycle products, particularly in the automotive sector, to capture opportunities in education and automotive fields[45] - The group is enhancing automation in its production facilities in mainland China and Indonesia, which is expected to improve production efficiency and meet large-scale orders for advanced audio products[46] Financial Ratios - The group maintains a strong financial position with a current ratio of approximately 2.8 times and a quick ratio of approximately 2.2 times as of September 30, 2024[48] Employee and Market Conditions - The group employed approximately 2,200 employees as of September 30, 2024, down from 2,300 in 2023, with employee expenses totaling approximately HKD 138.5 million[50] - The global economic outlook remains uncertain, with a projected compound annual growth rate of approximately 12% for the earphone and headphone market from 2024 to 2030[42] - The group recorded a net foreign exchange loss of approximately HKD 6.9 million during the interim period, compared to a net gain of HKD 2.4 million in 2023, primarily due to the depreciation of the Renminbi[49] Accounting Standards - The company adopted revised accounting standards effective from April 1, 2024, with no significant impact on its accounting policies[16] - The company is currently evaluating the impact of new accounting standards that will take effect in future fiscal years, but has not yet determined any significant impact on its financial performance[22] Bad Debts and Depreciation - The company reported a provision for bad debts of HKD 3,653,000 for the six months ended September 30, 2024, compared to HKD 1,017,000 in 2023, which is an increase of approximately 259.0%[26] - The depreciation of property, plant, and equipment for the six months ended September 30, 2024, was HKD 10,291,000, compared to HKD 7,916,000 in 2023, reflecting an increase of about 30.0%[26]

關連交易（續） 年報 2023/2024 27 富士高實業控股有限公司 Change in Director's information On behalf of the Board, 根據上市規則第13.51(2)及13.51B條須予披露的董事資 料變動載列如下： 除上文所披露者外，於本年報日期，並無董事及主 要行政人員的資料變動須根據上市規則第13.51(2)及 13.51B條作出披露。 核數師 代表董事會 Corporate Governance Report 企業管治報告 Throughout the year ended 31 March 2024, the Company has complied with the CG Code save for the deviation from Code Provision C.2.1, which is explained in the relevant paragraphs below. Responsibilities of the Directors To ensure the Board is in a position to exercise ...

全年業績公佈 截至2024年3月31日止年度 本年度業績已經本公司審核委員會審閱。 綜合全面收益表 截至2024年3月31日止年度 全面收益總額歸屬： 本公司股權持有人 4,430 7,848 非控制性權益 28,447 17,682 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分內容 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。 富士高實業控股有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬公司 （「富士高」或「本集團」）截至2024年3月31日止年度之經審核綜合業績。 - 1 - - 2 - 32,877 25,530 年內歸屬本公司股權持有人之溢利的每股盈利： - 3 - 非流動資產總值 142,244 124,013 | --- | --- | --- | --- | |----------------------------------|-------|---------|---------| | | | | | | 存貨 | | 152,750 | 149,110 | | ...

Financial Performance - Revenue for the six months ended September 30, 2023, was HK$492,564,000, a decrease of 7.3% from HK$531,317,000 in the same period of 2022[30]. - Gross profit increased to HK$102,322,000, up 11.9% from HK$91,507,000 year-on-year[30]. - Operating profit surged to HK$33,594,000, compared to HK$9,931,000 in the previous year, reflecting a significant improvement[30]. - Profit for the period reached HK$31,806,000, a substantial increase from HK$6,422,000 in the prior year[34]. - Basic earnings per share for the period was 4.28 HK cents, compared to a loss of 0.99 HK cents per share in the same period last year[30]. - Total comprehensive income for the period was HK$16,204,000, a recovery from a loss of HK$20,022,000 in the same period last year[34]. - Profit attributable to equity holders of the Group amounted to HK$18.2 million, compared to a loss of HK$4.2 million in 2022[79]. - The Group recorded a net foreign exchange gain of approximately HK$2.4 million during the Interim Period, up from HK$1.8 million in 2022[79]. Assets and Liabilities - Total non-current liabilities decreased from HK$6,846,000 as of March 31, 2023, to HK$4,280,000 as of September 30, 2023, representing a reduction of approximately 37%[12]. - Net assets decreased from HK$673,233,000 as of March 31, 2023, to HK$663,887,000 as of September 30, 2023, a decline of about 1.9%[12]. - Total equity decreased from HK$673,233,000 as of March 31, 2023, to HK$663,887,000 as of September 30, 2023, reflecting a decrease of approximately 1.4%[12]. - Total current assets amounted to HK$780,476,000, slightly up from HK$776,194,000 as of March 31, 2023[26]. - Total non-current assets increased to HK$136,521,000 from HK$124,013,000 as of March 31, 2023[26]. - Cash and cash equivalents rose to HK$404,960,000, compared to HK$369,796,000 at the end of the previous fiscal year[26]. - The Group's net current assets as of September 30, 2023, amounted to approximately HK$531.6 million, with current and quick ratios at approximately 3.1 times and 2.5 times, respectively[65]. Governance and Compliance - The remuneration committee consists of four members, including three independent non-executive directors and one executive director, ensuring a diverse governance structure[5]. - The company is committed to compliance with Hong Kong Accounting Standard 34 for interim financial reporting, ensuring transparency and accountability in financial disclosures[22]. - The independent auditor's review concluded that the interim financial information is prepared in accordance with relevant standards, affirming the integrity of the financial reporting process[22]. - The chairman and CEO roles are currently held by the same individual, which the board believes enhances leadership and decision-making efficiency, although this arrangement will be reviewed regularly[3]. Operational Developments - A new production line combining automated and semi-automated processes is set to commence operations in November 2023, aimed at modernizing production and reducing labor costs[64]. - The Group has formed a partnership to establish an offshore manufacturing base in Indonesia to enhance risk management and better serve top-tier clients[64]. - The Group's restructuring and streamlining efforts have started to yield positive results, focusing on productivity enhancement and cost control measures[64]. - The accessories and components segment's profit increase is attributed to the cessation of an underperforming business and improved productivity from operational restructuring[58]. Market Outlook - Economic growth is expected to contract from 3.5% in 2022 to 3.0% in 2023, with advanced economies also experiencing a decline[59]. - The global earphones and headphones market was valued at US$58.26 billion in 2022 and is projected to grow at a CAGR of 12.6%, reaching US$163.83 billion by 2030[86]. - The Group plans to enhance ties with top-tier audio brands and focus on advancing product development, particularly in ANC, CC&O, gaming, and True Wireless segments[86]. - The Group's Adaptive ANC technology-embedded headphones are expected to set a new market trend and drive positive sales performance[86]. Cash Flow and Investments - Cash generated from operations increased significantly to HK$94,215,000, up from HK$18,765,000, representing a growth of 402%[197]. - Net cash generated from operating activities reached HK$90,409,000, compared to HK$10,524,000 in the previous period, marking an increase of 760%[197]. - Interest received rose to HK$6,019,000, a substantial increase from HK$1,389,000, reflecting a growth of 333%[197]. - Net cash used in investing activities was HK$23,506,000, compared to HK$7,368,000, indicating an increase of 319%[197]. - The company reported a net increase in cash and cash equivalents of HK$37,436,000, compared to a decrease of HK$13,066,000 in the previous period[197]. Shareholder Information - An interim dividend of HK2.0 cents per ordinary share has been declared for the period, consistent with the previous year[127]. - The total number of issued shares is 425,839,000 as of September 30, 2023[133]. - The shareholding percentages of key directors include: Johnny Yeung at 2.76%, Simon Yuen at 15.16%, Michael Chow at 18.53%, and Ben Yeung at 17.52%[132][133]. - No share options were granted during the period under the Share Option Scheme, which has an authorized limit of 42,583,900 shares[141].