信星集团二零二五年年报

2Corporate Information公司資料4Financial Highlights財務摘要6Chairman’s Statement主席報告14Management Discussion and Analysis管理層討論及分析26Environmental, Social and Governance Report環境、社會及管治報告101Corporate Governance Report企業管治報告127Directors and Senior Management Profiles董事及高層管理人員履歷143Report of the Directors董事會報告157Independent Auditor’s Report獨立核數師報告Audited Financial Statements經審核財務報表166Consolidated Statement of Profit or Loss綜合損益表167Consolidated Statement of Comprehensive Income綜合全面收益表168Consolidated Statement of Financial Position綜合財務狀況表170Consolidated Statement of Changes in Equity綜合權益變動表172Consolidated Statement of Cash Flows綜合現金流量表175Notes to Financial Statements財務報表附註295Particulars of Investment Properties Held by the Group本集團持有之投資物業詳情Contents目錄 Corporate Information公司資料2Kingmaker Footwear Holdings LimitedAnnual Report 2025BOARD OF DIRECTORSExecutive DirectorsMdm. Huang Hsiu-duan, HelenMr. Wong Hei-chiuMr. Chen Yi-wu, AresNon-executive DirectorsMr. Chan Ho-man, DanielMr. Kimmel, Phillip BrianDr. Chow Wing-kin, Anthony,SBS, J.P.Independent non-executive DirectorsMs. Chan Mei-bo, Mabel, J.P.Mr. Wong Hin-wing,MH, J.P.Mr. Law Ka-kin(appointed on 28 August 2024)Mr. Tam King-ching, Kenny(retired by rotation on 28 August 2024)COMPANY SECRETARYMr. Wong Hei-chiuREGISTERED OFFICEClarendon House2 Church StreetHamilton HM11BermudaHEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG17th FloorEmpress Plaza17-19 Chatham Road SouthTsimshatsuiKowloonHong KongSOLICITORSGuantao and ChowSolicitors and NotariesAUDITORErnst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor 董事會執行董事黃秀端女士黃禧超先生陳奕舞先生非執行董事陳浩文先生柯民佑先生周永健博士，獨立非執行董事陳美寶女士，黃顯榮先生，羅家健先生（於二零二四年八月二十八日獲委任）譚競正先生（於二零二四年八月二十八日輪席退任）公司秘書黃禧超先生註冊辦事處Clarendon House2 Church StreetHamilton HM11Bermuda香港總辦事處及主要營業地點香港九龍尖沙咀漆咸道南17-19號帝后廣場17樓律師觀韜律師事務所律師及公證人核數師安永會計師事務所執業會計師註冊公眾利益實體核數師 銀紫荊星章，太平紳士太平紳士榮譽勛章，太平紳士 Corporate Information公司資料3信星鞋業集團有限公司年報2025百慕達主要股份過戶登記處MUFG Fund Services (Bermuda) Limited26 Burnaby StreetHamilton HM11Bermuda香港股份過戶登記分處卓佳證券登記有限公司香港夏慤道16號遠東金融中心17樓主要往來銀行中國工商銀行（亞洲）有限公司中國建設銀行（亞洲）股份有限公司台新國際商業銀行台北富邦商業銀行股份有限公司股份代號01170網站http://www.irasia.com/listco/hk/kingmaker重要日期暫停辦理股份過戶登記獲得出席股東週年大會並於會上投票的資格二 零 二 五 年 八 月 二 十 五 日 至 二 零 二 五 年 八 月二十八日擬派特別末期股息的獲得資格二零二五年九月十日至二零二五年九月十二日股東週年大會二零二五年八月二十八日建議派發特別末期股息日期二零二五年九月二十九或該日前後 BERMUDA PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICEMUFG Fund Services (Bermuda) Limited26 Burnaby StreetHamilton HM11BermudaHONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICETricor Investor Services Limited17th Floor, Far East Finance Centre16 Harcourt RoadHong KongPRINCIPAL BANKERSIndustrial and Commercial Bank of China (Asia) LimitedChina Construction Bank (Asia) Corporation LimitedTaishin International BankTaipei Fubon Commercial Bank Company LimitedSTOCK CODE01170WEBSITEhttp://www.irasia.com/listco/hk/kingmakerKEY DATESClosure of Register of MembersEntitlementto attend and vote at the Annual GeneralMeeting25 August 2025 to 28 August 2025Entitlement to the proposed special final dividend10 September 2025 to 12 September 2025Annual General Meeting28 August 2025Proposed payment date of special final dividendOn or about 29 September 2025 Financial Highlights財務摘要4Kingmaker Footwear Holdings LimitedAnnual Report 2025Revenue收益Gross profit/(loss)毛利／（毛損）Gross profit/(loss) margin毛利率／（毛損率）Profit/(loss) for the year attributableto equity holders of the Company本公司權益持有人應佔年度溢利／（虧損）Basic earnings/(loss) per share每股基本盈利／（虧損）Proposed final and special finaldividends擬派末期及特別末期股息Interim dividend per share每股中期股息Special interim dividend per share每股特別中期股息Final dividend per share每股末期股息Special final dividend per share每股特別末期股息Total dividends per share for the year年內每股股息合計•Cash and cash equivalents of approximately HK$353 millionRevenue收益(HK$ Mil百萬港元)020214002006008001,0001,200202220232.08431,0628051.801.781.836891.74 (HK$ Mil百萬港元)-1002021202220241001002008853-18-3420Profit/(Loss) for the Year Attributableto Equity Holders of the Company本公司權益持有人應佔年度溢利／（虧損） -1002021202220232021202202.557.510Special特別Final末期-182.01.50.74.02.01.51.8Dividend Per Share每股股息United States of America美國26.4%26.5%2024 Net Asset Value Per Share Attributableto Equity Holders of the Company本公司權益持有人應佔每股資產淨值02021200202220232021202220232025202400.51.01.52.01.801.781.831.601.74Revenue (by geography)收益（按地區劃分）35.2%20.4%24.4%20.0%Europe歐洲2025 6Kingmaker Footwear Holdings Limited Annual Report 2025Chairman’s Statement主席報告Iam delighted to present the annual results of KingmakerFootwear Holdings Limited (the “Company”) and its subsidiaries(collectively the “Group”) for the year ended 31 March 2025 (the“Year”), a period of formidable challenges for the manufacturingsector.While these challenges significantly tested our operations, theyalso reaffirmed the fundamental strengths of our business model.Ourfinancial resilience,multi-location manufacturing base,and specialized technical capabilities in sophisticated footwearcollectivelyreinforce our competitive advantage in times ofmarket turbulence. The enduring