PDF《GROUP PROFILE》

GROUP PROFILE Fountain Set (Holdings) Limited and its subsidiaries are recognised in the industry as the world'

s largest circular knitted fabric manufacturer and has long been a driving force in the global market through its vertically integrated operations in spinning, knitting, dyeing, printing and finishing.

The company'

s product range also includes dyed yarns, sewing threads and garments. As a major fabric supplier to garment manufacturers in over

40 countries that supply to internationally renowned retail brands, Fountain Set'

s worldwide sales reached HK$6.64 billion (US$851 million) in the fiscal year 2005. Headquartered in Hong Kong and listed on The Stock Exchange of Hong Kong, Fountain Set (Holdings) Limited (SEHK: 420) has production facilities in the PRC, Sri Lanka and Indonesia, with marketing and representative offices in

8 countries and a global staff force of approximately 23,000. To learn more about Fountain Set, please visit www.fshl.com 集团简介 福田实业 (集团) 有限公司及其附属公司被业界誉为世界最大的 圆筒针织面料生产商,并为环球纺织行业的翘楚.福田提供纺 纱、针织、染色、印花及整理等高度垂直之综合服务,产品亦包 括色纱、缝纫线及成衣.福田向超过40个国家的成衣制造商提供 面料,以制成国际知名品牌的成衣.福田於2005年财政年度的 环球销售额达66.4亿港元 (8.51亿美元) . 福田实业 (集团) 有限公司之总部位於香港,并於香港联交所上 市 (香港联交所编号:420) ,在中国、斯里兰卡及印尼设有生产 设施;

海外市场推广办事处 代表处分布8个国家,全球共聘用 雇员约23,000人. 欲知更多福田资料,请浏览 www.fshl.com CONTENTS ? 目录 Corporate Information 公司资料 Extensive Worldwide Network 强大环球网络 Financial and Statistical Highlights 财务及统计摘要 Financial Summary 财务概要 Chairman'

s Statement 主席报告 Management Discussion and Analysis 管理层讨论及分析 Profile of Directors and Senior Management 董事及高级管理人员简介 Particulars of Investment Properties 投资物业详情 Directors'

Report 董事会报告 Auditors'

Report 核数师报告 Consolidated Income Statement 综合收益账 Consolidated Cash Flow Statement 综合现金流量报表 Consolidated Balance Sheet 综合资产负债表 Balance Sheet 资产负债表 Consolidated Statement of Changes in Equity 综合权益变动报表 Notes to the Financial Statements 财务报表附注

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42 44 CORPORATE INFORMATION ? 公司资料

2 FOUNTAIN SET (HOLDINGS) LIMITED

2005 Annual Report Directors Executive Directors Mr.HA Chung Fong (Chairman) Mr.LAU Hong Yon Mr.HA Kam On,Victor Dr.YEN Gordon Non-executive Directors Mr.HA Hon Kuen Ms.YEH Yi Hao,Yvette Independent Non-executive Directors Mr.NG Kwok Tung Mr.WONG Kwong Chi Mr.CHOW Wing Kin,Anthony,SBS,JP Company Secretary and Qualified Accountant Ms.LAI Suet Sheung Registered Office Block A,7/F,Eastern Sea Industrial Building, 29-39 Kwai Cheong Road,Kwai Chung,New Territories,Hong Kong. Website www.fshl.com Principal Bankers Standard Chartered Bank (HK) Limited The Hongkong and Shanghai Banking Corporation Limited Bank of China (Hong Kong) Limited Solicitors Vivien Chan &

Co. Auditors Deloitte Touche Tohmatsu Certified Public Accountants Share Registrar Secretaries Limited G/F,Bank of East Asia Harbour View Centre,

56 Gloucester Road,Wanchai,Hong Kong. (move to the following location with effect from 3rd January,2006: 26/F,Tesbury Centre,28 Queen'

s Road East,Wanchai,Hong Kong) 董事 执行董事 夏松芳先生(主席) 柳康远先生 夏锦安先生 严震铭博士 非执行董事 夏汉权先生 叶仪皓女士 独立非执行董事 伍国栋先生 王干芝先生 周永健先生,银紫荆星章,太平绅士 公司秘书及合资格会计师 黎雪嫦小姐 注册办事处 香港新界葵涌葵昌路 29-39 号 东海工业大厦 A 座7字楼 网址 www.fshl.com 主要往来银行 渣打银行(香港)有限公司 香港上海?丰银行有限公司 中国银行(香港)有限公司 律师 陈韵云律师行 核数师 德勤.关黄陈方会计师行 执业会计师 股份登记处 秘书商业服务有限公司 香港湾仔告士打道

56 号 东亚银行港湾中心地下 (由二零零六年一月三日起迁往下址: 香港湾仔皇后大道东

28 号金钟汇中心

26 楼) EXTENSIVE WORLDWIDE NETWORK ? 强大环球网络 二零零五年年报

3 HEADQUARTERS ? 总部HONG KONG 香港 Fountain Set (Holdings) Limited 福田实业(集团)有限公司 PRODUCTION FACILITY ? 生产设施 CHINA 中国 COTTON SPINNING 棉纺 Dongguan Cotton Textile Co.Ltd. 东莞棉纺织有限公司 Enping Hui Hua Textiles Limited 恩平汇华纺织有限公司 JiangmenXinHuiHuiLianTextileCompanyLimited 江门市新会汇联纺织有限公司 Kaiping Hui Hua Textiles Limited 开平汇华纺织有限公司 Shaoguan City Huiye Textiles Limited 韶关市汇业纺织有限公司 Zhao Qing City Hui Hua Textiles Limited 肇庆市汇华纺织有限公司 KNITTING &

DYEING 针织及染色 Dongguan Fuan Textiles Limited 东莞福安纺织印染有限公司 Jiangyin Fuhui Textiles Limited 江阴福汇纺织有限公司 DYEING &

PRINTING 染色及印花 Dongguan Shatin Lake Side Textiles Printing &

Dyeing Co.,Ltd. 东莞沙田丽海纺织印染有限公司 GARMENT MANUFACTURING 制衣 Dongguan Fuyuen Garment Limited 东莞福源制衣有限公司 Dong Guan Hai Xing Apparel Co.,Ltd. 东莞海星服装有限公司 SEWING THREADS 缝纫线 Dongguan Goldlink Thread Factory Co., Ltd. 东莞金菱线厂有限公司 JAKARTA 耶加达 GARMENT MANUFACTURING 制衣 P.T. Sandang Mutiara Cemerlang SRI LANKA 斯里兰卡 KNITTING &

DYEING 针织及染色 Ocean Lanka (Private) Limited 海洋兰卡(私人)有限公司 TRADING OFFICE ? 办事处 HONG KONG 香港 RAW MATERIALS SOURCING 原料采购 Highscene Limited 汉盛有限公司 SALES OF DYED FABRICS &

YARNS 色布及纱销售 Fountain Set Limited 福田实业有限公司 SALES OF SEWING THREADS 缝纫线销售 Goldlink Thread Limited 金菱线厂有限公司 SALES OF GARMENTS 成衣销售 Hiway Textiles Limited 海汇纺织有限公司 OceanStar Textiles International Limited 海星纺织国际有限公司 MACAU 澳门 RAW MATERIALS SOURCING 原料采购 Prosperlink (Macao Commercial Offshore) Limited 汇汉(澳门离岸商业服务)有限公司 TORONTO 多伦多 SALESOFDYEDFABRICS&

GARMENTS 色布及成衣销售 Fountain Set Textiles (Ontario) Limited 福田纺织 (安省) 有限公司 VANCOUVER 温哥华 SALES OF DYED FABRICS &

SEWINGTHREADS 色布及缝纫线销售 Fountain Set Textiles (B.C.) Limited 福田纺织 (B.C.) 有限公司 MARKETING / REPRESENTATIVE OFFICE ? 市场推广办事处 / 代表处 LONDON 伦敦 Fountain Set (UK) Limited 福田实业 (UK) 有限公司 NEW YORK 纽约 Fountain Set (U.S.A.) Inc. 福田实业 (U.S.A.) 有限公司 BANGALORE 班加罗尔 Fountain Set Limited - Indian Liaison Office 福田实业有限公司印度代表处 HO CHI MINH CITY 胡志明市 Fountain Set (Singapore) Pte.Limited - Vietnam Representative Office 福田实业(新加坡)私人有限公司 越南代表处 SEOUL 首尔 Fountain Set Limited - Korean Liaison Office 福田实业有限公司韩国代表处 SHANGHAI 上海 Fountain Set Limited - Shanghai Representative Office 福田实业有限公司上海代表处 SINGAPORE 新加坡 Fountain Set (Singapore) Pte.Limited 福田实业(新加坡)私人有限公司 FINANCIAL AND STATISTICAL HIGHLIGHTS ? 财务及统计摘要

4 FOUNTAIN SET (HOLDINGS) LIMITED

2005 Annual Report

2005 2004 Changes HK$Mil HK$Mil 变动 百万港元 百万港元 Operating Results 营运业绩 Turnover 营业额 6,636.3 6,774.0 -2.03% Profit 盈利 Total 总值 162.4 180.1 -9.83% Profit margin 盈利率 2.45% 2.66% Per share (cents) 每股 (仙) C Basic -基本 20.46 22.75 -10.07% C Diluted -摊薄 N/A 22.73 N/A Dividends 股息 (after inclusion of proposed final dividend) (已包括拟付之末期股息在内) Per share (cents) 每股 (仙) 10.00 11.00 -9.09% Dividend payout ratio 派息比率 48.88% 48.35% Financial Position at Year End 於年度终结时之财务状况 (after inclusion of proposed final dividend) (已包括拟付之末期股息在内) Net current assets 流动资产净值 2,300.3 2,208.9 4.14% Total assets 资产总值 6,228.5 6,093.6 2.21% Long-term bank borrowings 长期银行借贷 1,915.4 1,719.0 11.43% Bank borrowings 银行借贷 2,227.8 2,288.9 -2.67% Net bank borrowings 银行借贷净值 1,690.5 1,981.2 -14.67% Total liabilities 负债总值 3,510.8 3,466.2 1.29% Contingent liabilities 或然负债 38.0 63.5 -40.16% Tangible net worth 有形净值 2,717.7 2,625.0 3.53% Net asset value per share (cents) 每股资产净值 (仙) 342.27 330.91 3.43% Capital expenditure 资本开支 415.6 359.8 15.51% (after inclusion of interest capitalised) (已包括化作资产之利息) Financial Statistics 财务统计 (after inclusion of proposed final dividend) (已包括拟付之末期股息在内) Current ratio 流动比率 2.63 2.38 Long-term bank borrowings ratio 长期银行借贷比率 0.70 0.65 Bank borrowings ratio 银行借贷比率 0.82 0.87 Net bank borrowings ratio 银行借贷净值比率 0.62 0.75 Gearing ratio 资本负债比率 1.31 1.34 Return before tax on average equity 除税前之平均股东基金回报率 7.05% 8.32% Interest cover ratio 利息比率 4.23 6.30 FINANCIAL AND STATISTICAL HIGHLIGHTS ? 财务及统计摘要 二零零五年年报

5 FINANCIAL SUMMARY ? ........