Financial Performance Summary - The company's turnover decreased by 9.7% year-on-year (YoY), reaching HK$3,941 million[7] - Gross profit decreased by 11.9% YoY, amounting to HK$1,571 million[7] - Recurring profit saw a significant decline of 51.1% YoY, settling at HK$107 million[7] - Profit for the year experienced a substantial decrease of 64.8% YoY, recorded at HK$77 million[7] Regional Performance - Hong Kong & Macau turnover decreased by 12.3% YoY, totaling HK$2,992 million and contributing 75.9% to the group's turnover[8] - Mainland China turnover decreased by 10.5% YoY, reaching HK$520 million and accounting for 13.2% of the group's turnover[8] - Southeast Asia turnover increased by 14.7% YoY, amounting to HK$420 million and representing 10.6% of the group's turnover[8] Operational Adjustments - The company closed 14 offline stores in Mainland China to adjust its operating model[8] - The company will orderly close the remaining 18 offline stores in Mainland China to focus on developing online business[25] - The company added 2 new stores in HK & Macau and 3 new stores in Southeast Asia[20] Cash Flow and Financial Position - Cash inflow from operations was HK$137 million[7] - Cash on hand amounted to HK$371 million, with total available funds of HK$687 million (including undrawn borrowing facilities of HK$316 million)[17] Strategy and Outlook - The company aims to strengthen operational efficiency through curated product portfolio and precise marketing[31] - The company is aiming for growth in both sales and gross profit while maintaining a stable gross profit margin[31]

Financial Performance - Adjusted revenue increased by 3.8% to HK$10.6 billion [13] - Adjusted cash profit was HK$266 million [13] - Net loss attributable to shareholders was approximately HK$1,275 million [22] - Total bank loans and notes decreased by approximately HK$2.4 billion, an 8.6% drop compared to March 31, 2024 [22] - Monetized approximately HK$1.2 billion in non-core assets and businesses in FY2025 [22] Operational Highlights - Property development adjusted revenue increased by 5.3% to approximately HK$7.2 billion [14] - Hotel revenue increased by 2.3% to approximately HK$2.077 billion [16] - Car park revenue decreased by 2.6% to approximately HK$713 million [16] - Gaming revenue increased by 1.6% to approximately HK$409 million [16] Balance Sheet Management - Adjusted net gearing ratio decreased to 67.6% as of March 31, 2025 [22] - Net debt reduced by HK$1.3 billion [29] - Total cumulative attributable presales and unbooked contracted sales reached approximately HK$8.9 billion [14]

Financial Performance - Total operating revenues increased by 10.8% to $1.232 billion in 1Q'25, compared to $1.112 billion in 1Q'24[17] - Gaming revenue increased by 12.2% to $1.024 billion in 1Q'25, compared to $913 million in 1Q'24[17] - Non-gaming revenue increased by 4.4% to $208 million in 1Q'25, compared to $199 million in 1Q'24[17] - Net income increased significantly by 4944.9% to $28 million in 1Q'25, compared to $1 million in 1Q'24[17] - Adjusted Property EBITDA increased by 14.1% to $341 million in 1Q'25, compared to $299 million in 1Q'24[17] Performance by Property - City of Dreams Macau's Adjusted EBITDA increased by 27.5% to $196 million in 1Q'25, compared to $154 million in 1Q'24[17] - Studio City's Adjusted EBITDA increased by 10.7% to $97 million in 1Q'25, compared to $88 million in 1Q'24[17] - Altira recorded a negative Adjusted EBITDA of $1 million in 1Q'25, compared to a positive $1 million in 1Q'24, a decrease of 148.3%[17] - City of Dreams Manila's Adjusted EBITDA decreased by 20.6% to $30 million in 1Q'25, compared to $38 million in 1Q'24[17] - City of Dreams Mediterranean and Other's Adjusted EBITDA increased by 10.2% to $12 million in 1Q'25, compared to $11 million in 1Q'24[17] Shareholder Returns - Approximately $4.1 billion has been returned to shareholders from 2016 to 2025 YTD in the form of dividends and share repurchases[45, 46, 47] - From January 1, 2025, to May 7, 2025, Melco repurchased 32.3 million ADSs for approximately $165 million[47]

Financial Performance - The company generated an operating profit of HK$1.75 billion, a 10.6% year-over-year increase[4, 51] - Value-added Services (VAS) revenue increased by 2.1% year-over-year to HK$3.73 billion[50] - The company's full-year dividend per share remained stable at HK$ 0.50[4, 90] - Revenue decreased by 2.6% year-over-year to HK$79.258 billion[90] - Profit for the year increased by 8.7% year-over-year to HK$4.190 billion[90] - Free cash flow reached HK$4.66 billion, an 8.7% increase compared to the previous year[93] Natural Gas Business - Natural gas sales volume decreased by 4.2% year-over-year[8] - Residential natural gas sales volume increased by 3.7% year-over-year[8] - The average dollar margin for city & township projects increased from RMB 0.501/m³ to RMB 0.537/m³[15] LPG Business - LPG sales volume decreased by 3.2% year-over-year to 3.868 million tons[30] - LPG revenue increased by 8.9% year-over-year to HK$19.5755 billion[30, 90] Connections - New residential connections decreased by 15.5% year-over-year to 1,400,521 users[22] - New commercial connections increased by 46.1% year-over-year to 44,206 users[22]

Financial Performance - Revenue reached HK$13,341 million[8] - Operating profit was HK$1,412 million, a decrease of 33.3% year-over-year[8,10] - Profit attributable to equity holders amounted to HK$1,100 million, down 37.8%[8] - Adjusted operating profit (excluding gold hedging losses) was HK$1,904 million, up 14.8%[8] - Basic earnings per share were HK$1.87, a decrease of 37.9%[8] Dividends - Annual dividend per share was HK$1.10[8] - Dividend payout ratio was 59%[8] - Proposed final dividend per share is HK$0.55[8] Key Financial Indicators - Inventories increased to HK$10,739 million, a rise of 12.2%[18] - Net cash/ (borrowing) was -HK$205 million, a decrease of 135.9%[18] - Average inventory turnover days increased to 427 days[18] Revenue Breakdown - Revenue from Hong Kong, Macau & Overseas was HK$8,068 million[22] - Revenue from Mainland China was HK$5,273 million[22] - Retailing revenue was HK$11,031 million[25] - Wholesaling revenue was HK$1,406 million[25] - Licensing revenue was HK$904 million[25]

Financial Performance - Revenue increased by 11.6% to RMB 25,901.7 million in FY2024/25 [8, 14] - Profit attributable to equity holders of the Company increased by 14.3% to RMB 3,513.9 million [8] - Basic earnings per share increased by 11.4% to RMB 31.58 cents [8] - The Group's gross profit margin decreased by 2.3 percentage points to 57.3% [9] Revenue Breakdown - Branded down apparel revenue increased by 11.0% to RMB 21,668.2 million, accounting for 83.7% of total revenue [14, 16] - OEM management revenue increased significantly by 26.4% to RMB 3,373.4 million, representing 13.0% of total revenue [14, 16] - Ladieswear apparel revenue decreased by 20.6% to RMB 651.1 million, accounting for 2.5% of total revenue [14, 16] Branded Down Apparels Business - Bosideng brand revenue increased by 10.1% to RMB 18,481.0 million [17] - Snow Flying brand revenue increased by 9.2% to RMB 2,205.5 million [17] - Online sales of branded down apparel increased to RMB 7,478.2 million [79] Ladieswear Apparels Business - Ladieswear apparel revenue decreased by 20.6% to RMB 651.1 million [16, 92] - Revenue from online sales was RMB 97.2 million [92]

Financial Performance - The company's revenue decreased slightly by 0.3% from RMB 23,586 million in FY23 to RMB 23,511 million in FY24 [6] - Gross margin increased by 100bps from 46.6% in FY23 to 47.6% in FY24 [6] - Operating profit increased by 4.1% from RMB 5,610 million in FY23 to RMB 5,837 million in FY24 [6] - Profit attributable to equity holders of the company increased by 8.6% from RMB 3,990 million in FY23 to RMB 4,336 million in FY24 [6] - Net finance costs decreased by 52.2% from RMB 205 million in FY23 to RMB 98 million in FY24 [6] Segment Performance - Rice crackers revenue decreased by 1.2% year-over-year [11] - Dairy products and beverages revenue increased by 1.3% year-over-year [13] - Snack foods revenue decreased by 2.6% year-over-year [15] Channel Performance - Emerging channels and overseas markets experienced double-digit growth [9] - Traditional & Modern channels experienced low single-digit decline [9] - Snacks specialty retailers accounted for nearly 10% share of the Group's total revenue [42] Expenses and Capital - Operating expenses decreased low single-digit year-over-year [17] - Distribution costs increased low single-digit year-over-year [20] - CAPEX decreased from RMB 635 million in FY23 to RMB 406 million in FY24 [25] Dividends and Share Repurchases - Total dividend and share repurchases decreased by 43% from USD 431 million (approximately RMB 3,080 million) in FY23 to USD 246 million (approximately RMB 1,775 million) in FY24 [27]

Annual Results FY2024/25 24 June 2025 FINANCIAL REVIEW Ian Ng Group CFO Disclaimer In addition to historical information, this presentation contains forward-looking statements with respect to the results of the operations and business of Vitasoy. These forward-looking statements represent Vitasoy's expectations or beliefs concerning future events and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied i ...

Create an Intelligent Vision Build a Brighter Future June 2025 www.sunnyoptical.com 目录 CONTENTS 01 02 Corporate Introduction Future Outlook Corporate Introduction Corporate Introduction A world-leading optical enterprise specializing in the development and large-scale production of optical imaging and optical sensing products 1984 Established 2007 Listed on the Main Board of HKEX The first domestic optical company to be listed in Hong Kong 2017 Selected into the Hang Seng Index 2020 Selected into the Hang S ...

Financial Performance - The company maintained revenue at HK$1.3 billion, with gross profit up by 3.1%[24] - Gross margin increased to 46.9% compared to 45.3% in the previous period[32] - Cash and bank balances stood at HK$430 million[24] - Interim dividend includes an ordinary dividend of 10.5 HK cents per share and a special dividend of 4.2 HK cents per share[24] Business Operations - The company has a physical store retail network of 385 stores worldwide[24] - Hong Kong accounted for 88.4% of the company's total revenue[40] - Singapore's revenue increased by 20.4%[44] Store Network - The company operates 320 stores in Hong Kong[26] - The company operates 49 stores in Singapore[27] - The company operates 8 stores in Macau[27] Strategies and Outlook - The company plans to expand its store network in Hong Kong by a net increase of 4 stores in 2HFY2022 and 10 stores in FY2023[64] - The company plans to expand its store network in Singapore by a net increase of 1 store in 2HFY2022 and 2 stores in FY2023[64] - The company plans to expand its store network in Macau by a net increase of 1 store in 2HFY2022 and 1 store in FY2023[64]