信星集团二零二六年年报

Contents目錄 2Corporate Information公司資料4Financial Highlights財務摘要6Chairman’s Statement主席報告15Management Discussion and Analysis管理層討論及分析29Environmental, Social and Governance Report環境、社會及管治報告118Corporate Governance Report企業管治報告145Directors and Senior Management Profiles董事及高層管理人員履歷160Report of the Directors董事會報告174Independent Auditor’s Report獨立核數師報告Audited Financial Statements經審核財務報表183Consolidated Statement of Profit or Loss綜合損益表184Consolidated Statement of Comprehensive Income綜合全面收益表185Consolidated Statement of Financial Position綜合財務狀況表187Consolidated Statement of Changes in Equity綜合權益變動表189Consolidated Statement of Cash Flows綜合現金流量表192Notes to Financial Statements財務報表附註311Particulars of Investment Properties Held by the Group本集團持有之投資物業詳情 Corporate Information公司資料 董事會 BOARD OF DIRECTORS 執行董事 Executive Directors 黃秀端女士黃禧超先生陳奕舞先生 Mdm. Huang Hsiu-duan, HelenMr. Wong Hei-chiuMr. Chen Yi-wu, Ares 非執行董事 Non-executive Directors 陳浩文先生柯民佑先生周永健博士，銀紫荊星章，太平紳士 Mr. Chan Ho-man, DanielMr. Kimmel, Phillip BrianDr. Chow Wing-kin, Anthony,SBS, J.P. 獨立非執行董事 Independent non-executive Directors Ms. Chan Mei-bo, Mabel, J.P.Mr. Wong Hin-wing,MH, J.P.Mr. Law Ka-kin 陳美寶女士，太平紳士黃顯榮先生，榮譽勛章，太平紳士羅家健先生 公司秘書 黃禧超先生 COMPANY SECRETARY Mr. Wong Hei-chiu 註冊辦事處 REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda 香港總辦事處及主要營業地點 HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 香港九龍尖沙咀漆咸道南17-19號帝后廣場17樓 17th FloorEmpress Plaza17-19 Chatham Road SouthTsimshatsuiKowloonHong Kong 律師 SOLICITORS 觀韜律師事務所律師及公證人 Guantao and ChowSolicitors and Notaries 核數師 AUDITOR 安永會計師事務所執業會計師《會計及財務滙報局條例 》下的註冊公眾利益實體核數師 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor under the Accountingand Financial Reporting Council Ordinance 百慕達主要股份過戶登記處 BERMUDA PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICE MUFG Fund Services (Bermuda) Limited26 Burnaby StreetHamilton HM11Bermuda MUFG Fund Services (Bermuda) Limited26 Burnaby StreetHamilton HM11Bermuda 香港股份過戶登記分處 HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 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 Tricor Investor Services Limited17th Floor, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKERS 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 Industrial and Commercial Bank of China (Asia) LimitedChina Construction Bank (Asia) Corporation LimitedTaishin International BankTaipei Fubon Commercial Bank Company Limited 股份代號01170 STOCK CODE 01170 網站http://www.irasia.com/listco/hk/kingmaker WEBSITE http://www.irasia.com/listco/hk/kingmaker 重要日期 KEY DATES 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 Closure of Register of Members Entitlementto attend and vote at the Annual GeneralMeeting 二零二六年八月二十五日至二零二六年八月二十八日 25 August 2026 to 28 August 2026 擬派特別末期股息的獲得資格 Entitlement to the proposed special final dividend 二零二六年九月九日至二零二六年九月十一日 9 September 2026 to 11 September 2026 Annual General Meeting 股東週年大會 二零二六年八月二十八日 28 August 2026 建議派發特別末期股息日期 Proposed payment date of special final dividend 二零二六年九月二十八日或該日前後 On or about 28 September 2026 Financial Highlights財務摘要 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） 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 Dividend Per Share每股股息 Revenue (by geography)收益（按地區劃分） Chairman’s Statement主席報告 OUR VISION願景 To become the leading lifestyle footwear company trustedby premium brands for value creation and innovation.成為領先的生活潮流鞋履企業，深受優質品牌信賴，共同創造價值和推動創新。 OUR MISSION使命 Topartner with leading brands in making the best lifestyleproducts to meet and create consumer demand in footwearand related products.與領先品牌合作製造最佳生活潮流產品，滿足消費者對鞋履及相關產品的需要，並攜手創造需求。 本人欣然提呈信星鞋業集團有限公司（「本公司」）及其附屬公司（統稱「本集團」）於截至二零二六年三月三十一日止年度（「本年度」）之全年業績報告。 Iam pleased to present the annual results of KingmakerFootwear Holdings Limited (the “Company”) and its subsidiaries(collectively the “Group”) for the year ended 31 March 2026 (the“Year”). 本年度內，消費情緒持續低迷，客戶採取審慎的訂單模式。同時，由於關稅及其他貿易措施頻繁變 動，影 響 採 購 決 策，致 使 不 確 定 性 增 高，成 本壓力亦進一步加劇。為應對此等挑戰，我們致力鞏固財務實力及營運韌性，惟在恪守嚴謹成本管 The Year unfolded against a backdrop of persistently subduedconsumersentiment and cautious ordering patterns.At thesame time, uncertainty increased and cost pressures intensified,as frequently changing tariff and other trade measures affectedsourcingdecisions.Under these conditions,we remained Chairman’s Statement主席報告 理 的 同 時，亦 著 力 維 持 核 心 能 力。因 此，我 們 奉行 審 慎 的 資 本 配 置 方 針，並 持 續 優 化 製 造 業 務佈局，以應對短期波動，同時確保戰略優勢不受削弱。 focused on safeguarding our financial strength and operationalresilience,exercising disciplined cost management whilepreservingour core capabilities.By maintaining a prudentapproachto capital allocation and refining our manufacturingfootprint, we aim to steer through short-term volatilities withoutweakening our strategic position. 值得一提的是，儘管投資物業分部錄得重大重估虧損及減值撥備，導致本年度淨虧損擴大，惟核心製造業務分部已逐步回復至更具韌性的狀態。本年度製造業務分部所錄虧損較前收窄。我們的品牌鞋履製造業務在挑戰中穩步前行