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星光集團(00403.HK)年度盈轉虧至2700萬港元 營收同比增長7.3%至8.95億港元
格隆匯 06-27 12:33

格隆匯6月27日丨星光集團(00403.HK)公佈年度業績,截至2025年3月31日止年度,收入約為8.95億港元,較去年度上升7.3%。集團年內錄得約2700萬港元虧損,去年同期則錄得約1700萬港元溢利。

受惠於全球通脹壓力緩解及利率下調帶動市場需求回升,使集團全年營收錄得温和增長,然而下半年美國大選後加徵關税導致出口成本攀升,同時印刷行業競爭加劇引發內卷式價格競爭,嚴重壓縮利潤空間,使集團年度錄得虧損。於報吿期間,全球商業環境面臨多重結構性挑戰,地緣政治衝突持續升級,美中戰略競爭深化,貿易壁壘進一步加劇,主要經濟體推行"近岸外包"與"友岸外包"政策,全球供應鏈重構進程加快,企業面臨產業鏈重組帶來的額外成本壓力,而環球製造業採購經理指數持續在榮枯線附近徘徊,反映終端市場購買力持續受壓。此外,行業更出現產能過剩局面,競爭對手為維持市場份額髮起價格戰,導致集團雖實現業務量增長,但整體毛利率同比下降,加上美國大選後實施的新一輪關税政策,使集團對美國出口業務成本直接增加,成為拖累利潤表現的關鍵因素。面對嚴峻的市場環境,本期中國境內三個廠區及亞世安市場均受到不同程度衝擊。廣州廠區因成本上升由盈轉虧而韶關廠區則保持盈利。蘇州廠區則因華東地區價格戰加劇而錄得虧損。亞世安市場同樣受區域需求疲軟影響,未能延續去年盈利表現。

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