应力控股年度报告 2025

( ANNUAL REPORT2025 Contents目 錄245121624384445464749123 Corporate InformationChairman’s StatementManagement Discussion and AnalysisBiography of Directors and Senior ManagementCorporate Governance ReportDirectors’ ReportIndependent Auditor’s ReportConsolidated Statement of Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowsNotes to the Consolidated Financial StatementsFinancial Summary KPa-BM Holdings Limited|Annual Report 2025CORPORATE INFORMATION公 司 資 料BOARD OF DIRECTORS (THE “BOARD”)Executive DirectorsMr. Yip Pak Hung(Chairman)Mr. Wai Yat Kin(Chief Executive Officer)Independent Non-Executive DirectorsMs. Lai Pik Chi, PeggyMr. Lam Chi Wai, PeterDr. Yeung Kit MingDr. Koon Chi Ming, Sebastian (appointed on 1 January 2025)AUDIT COMMITTEEMs. Lai Pik Chi, Peggy(Chairman)Mr. Lam Chi Wai, PeterDr. Yeung Kit MingDr. Koon Chi Ming, Sebastian (appointed on 1 January 2025)NOMINATION COMMITTEEDr. Yeung Kit Ming(Chairman)Ms. Lai Pik Chi, PeggyMr. Lam Chi Wai, PeterDr. Koon Chi Ming, Sebastian (appointed on 1 January 2025)REMUNERATION COMMITTEEMr. Lam Chi Wai, Peter(Chairman)Ms. Lai Pik Chi, PeggyDr. Yeung Kit MingDr. Koon Chi Ming, Sebastian (appointed on 1 January 2025)COMPANY SECRETARYMs. Cheung Ka WaiCPA(appointed on 1 April 2025)Mr. Chan Sun Kwong (resigned on 1 April 2025)PRINCIPAL BANKERSThe Hong Kong and Shanghai BankingCorporation LimitedLevel 10, HSBC Main Building1 Queen’s Road CentralHong KongCitibank N.A.21/F., Tower 1The Gateway, Harbour CityKowloon, Hong Kong 董事會（「董事會」）執行董事獨立非執行董事審核委員會提名委員會薪酬委員會公司秘書CPA主要銀行110121 應 力 控 股 有 限 公 司|二 零 二 五 年 度 報 告CORPORATE INFORMATION (CONTINUED)公 司 資 料（ 續 ）註冊辦事處Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman, KY1-1108Cayman Islands總部及香港主要營業地點627香港股份過戶登記分處1617法定代表CPA核數師461公司網站www.kpa-bm.com.hk股份代號 慤2663 REGISTERED OFFICEWindward 3, Regatta Office ParkP.O. Box 1350Grand Cayman, KY1-1108Cayman IslandsHEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG27/F, The Octagon6 Sha Tsui RoadTsuen Wan, New TerritoriesHong KongHONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICETricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong KongAUTHORISED REPRESENTATIVESMr. Yip Pak HungMs. Cheung Ka WaiCPA(appointed on 1 April 2025)Mr. Chan Sun Kwong (resigned on 1 April 2025)AUDITORBeijing Xinghua Caplegend CPA LimitedCertified Public Accountants andRegistered Public Interest Entity Auditor1/F, GR8 InnoTech Centre46 Tsun Yip Street, Kwun TongHong KongCOMPANY’S WEBSITEwww.kpa-bm.com.hkSTOCK CODE2663 KPa-BM Holdings Limited|CHAIRMAN’S STATEMENT主 席 報 告Dear Shareholders,On behalf of the board of directors (“Board”) of KPa-BM HoldingsLimited (the “Company”), I am pleased to present the annual reportof the Company together with its subsidiaries (the “Group”) for theyear ended 31 March 2025 (the “Year” or “FY2025”).The Hong Kong economy continues to struggle under the weight ofglobal uncertainties, geopolitical tensions and a slow rebound indomestic demand. The construction industry is feeling these effectsacutely. Reduced demand for new projects has created a fiercelyc o m p e t i t i v em a r k e t w h e r e c o n t r a c t o r s b a t t l e f o r l i m i t e dopportunities, leading to squeezed profit margins and poor visibilityon upcoming projects.In the face of a decelerating Hong Kong economy, the Groupachieved revenue of the Year comparable to previous year. This resultreflects the benefits of contracts secured in prior years, providing astrong foundation, and the successful completion of severalprominent projects during 2024, contributing significantly to theoverall revenue stream.One of them are the Design, Supply, and Fixing of Roof CladdingWorks for the Kai Tak Sports Park Main Stadium which stands as atestament to our capabilities. This project has gained significantrecognition in Hong Kong and has quickly become a landmark sinceits opening in March 2025.I would like to take this opportunity to express my respect andappreciation to my fellow Board members, management team, staffmembers for their hard work and dedication. I would also like tothank our suppliers, subcontractors, other business partners and,m o s t i m p o r t a n t l y , o u r s h a r e h o l d e r s a n d c u s t o m e r s f o r t h e i rcontinuous support.Furthermore, having regard to the reserves of the Companyaccumulated in the past few years and funding outlook of the Group,the Board is pleased to share the Group’s performance with ourshareholders and recommended the payment of a final dividend ofHK0.3 cents per share.On behalf of the Board,Yip Pak HungChairman and Executive DirectorHong Kong, 25 June 2025 年0.3葉柏雄 Annual Report 2025 本公司董 事 會本 集 團本 年 度二 零 二 五 財 應 力 控 股 有 限 公 司|二 零 二 五 年 度 報 告MANAGEMENT DISCUSSION AND ANALYSIS管 理 層 討 論 及 分 析本 年 度二 零 二 五 財年上 年 度二 零二四財年業務活動(i)(ii)業務回顧667.71.70.3%The Board is pleased to present the annual results of the Group forthe year ended 31 March