怡邦行控股2025/26年年报

346712243870116124126128130131214Financial HighlightsI財 務 摘 要Corporate InformationI公 司 資 料Group StructureI集 團 架 構Chairman’s StatementI主 席 報 告 書Management Discussion and AnalysisI管 理 層 討 論 與 分 析Directors’ ReportI董 事 報 告Corporate Governance ReportI企 業 管 治 報 告Environmental, Social and Governance ReportI環 境 、 社 會 及 管 治 報 告Independent Auditor’s ReportI獨 立 核 數 師 報 告Consolidated Statement of Comprehensive IncomeI綜 合 全 面 收 益 表Consolidated Statement of Financial PositionI綜 合 財 務 狀 況 表Consolidated Statement of Changes in EquityI綜 合 權 益 變 動 表Consolidated Statement of Cash FlowsI綜 合 現 金 流 量 表Notes to the Consolidated Financial StatementsI綜 合 財 務 報 表 附 註Five-Year Financial SummaryI五 年 財 務 摘 要 Financial Highlights財務摘要 Annual resultsfor the year ended 31 March 2026截至二零二六年三月三十一日止年度之全年業績 截至二零二六年三月三十一日年度之全年業績•收益•除所得稅前虧損•於二零二六年三月三十一日股東權益•每股基本虧損 Annual results for the year ended 31 March 2026 • Revenue• Loss before income tax• Shareholders’ equity as at 31 March 2026• Basic loss per share Revenue (HK$’000)Operating loss (HK$’000)Loss before income tax (HK$’000)Loss attributable to shareholders (HK$’000)Basic loss per share (HK cents)Proposed final dividend per share (HK cents)Net asset value (HK$’000) Corporate Information公司資料 REGISTERED OFFICE註冊辦事處Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands AUDIT COMMITTEE審核委員會Mr. WAN Sze Chung(Chairman)Dr. LUK Wang KwongMr. WONG Wah, Dominic 溫思聰先生（主席）陸宏廣博士黃華先生 HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS總辦事處及主要營業地點 NOMINATION COMMITTEE提名委員會Mr. WONG Wah, Dominic(Chairman) Mr. TSE Sun Fat, HenryMr. WAN Sze ChungMs. MAN Yuk Fan 16th–18th FloorsFirst Commercial Building33 Leighton RoadCauseway BayHong Kong 黃華先生（主席）謝新法先生溫思聰先生文玉芬女士 香港銅鑼灣禮頓道33號第一商業大廈16–18樓 REMUNERATION COMMITTEE薪酬委員會Mr. WONG Wah, Dominic(Chairman)Mr. LAU Shiu SunMr. WAN Sze Chung Executive Directors 執行董事Mr. TSE Sun Fat, Henry(Chairman) Mr. TSE Sun Wai, Albert(Vice Chairman)Mr. TSE Sun Po, Tony(Managing Director)Mr. TSE Hon Kit, Kevin(Deputy ManagingDirector)Mr. LAU Shiu Sun 黃華先生（主席）劉紹新先生溫思聰先生 INVESTMENT COMMITTEE投資委員會Mr. WONG Wah, Dominic(Chairman)Mr. TSE Sun Po, TonyMr. LAU Shiu Sun 謝新法先生（主席）謝新偉先生（副主席）謝新寶先生（董事總經理）謝漢傑先生（副董事總經理）劉紹新先生 黃華先生（主席）謝新寶先生劉紹新先生 Independent Non-executive Directors 獨立非執行董事Mr. WONG Wah, DominicMr. WAN Sze ChungDr. LUK Wang KwongMs. MAN Yuk Fan COMPANY SECRETARY公司秘書Mr. YU Chi Wah,CPA 俞志燁先生,CPA 黃華先生溫思聰先生陸宏廣博士文玉芬女士 HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE香港股份過戶登記分處Tricor Investor Services Limited AUDITOR核數師PricewaterhouseCoopers Certified Public AccountantsRegistered Public Interest Entity Auditor22nd Floor Prince’s BuildingCentralHong Kong 17/F, Far East Finance Centre,16 Harcourt Road,Hong Kong 卓佳證券登記有限公司香港夏愨道16號遠東金融中心17樓 羅兵咸永道會計師事務所執業會計師註冊公共利益實體核數師香港中環太子大廈22樓 LEGAL ADVISERS ON HONG KONG LAW香港法律之法律顧問Pang, Wan & Choi, Solicitors Room 1405, 14th FloorChina Insurance Group Building141 Des Voeux Road CentralHong Kong AUTHORISED REPRESENTATIVES授權代表Mr. TSE Hon Kit, Kevin Mr. YU Chi Wah,CPA 謝漢傑先生俞志燁先生,CPA 彭溫蔡律師行香港德輔道中141號中保集團大廈14樓1405室 CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE開曼群島股份過戶登記總處Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand CaymanKY1-1100, Cayman Islands PRINCIPAL BANKERS主要往來銀行–Fubon Bank (Hong Kong) Limited 富邦銀行（香港）有限公司–The Hongkong and Shanghai BankingCorporation Limited香港上海滙豐銀行有限公司–Nanyang Commercial Bank Limited南洋商業銀行有限公司 Group Structure集團架構 Chairman’s Statement主席報告書 引言及概覽 INTRODUCTION AND OVERVIEW 本人謹代表董事會提呈本集團截至二零二六年三月三十一日止財政年度的全年業績。年內，全球及香港宏觀經濟環境複雜且瞬息萬變。國際油價上漲、全球通脹持續，以及地緣政治緊張局勢再度升溫（尤其涉及伊朗），繼續擾亂能源市場，加劇全球供應鏈的不確定性。該等問題加上各主要央行實施審慎貨幣政策，導致利率持續高企及美元走弱。在香港聯繫匯率制度下，此情況導致港元轉弱及進口帶動的通脹上升，為家庭及企業帶來額外壓力。貨幣貶值導致其兌歐元匯率出現不利波動。作為採購自頂級歐洲製造商的豪華建築五金及廚房設備的領先供應 商 之 一， 我 們 因 歐 元 強 勢 而 面 臨 較 高 的 存 貨 成本。加上全球貨運瓶頸導致商品成本上升，我們的批發及零售利潤率均受到顯著擠壓。 On behalf of the Board, I present the Group’s annual resultsfor the fiscal year ending 31 March 2026. The year wasmarked by a complex and rapidly evolving macroeconomicenvironment both globally and in Hong Kong. Increasedinternational oil prices, persistent global inflation, andrenewed geopolitical tensions — particularly concerningIran — continued to disrupt energy markets and heightenuncertainty in global supply chains. These issues, combinedwith cautious monetary policies from major central banks,kept interest rates elevated and led to a weakening in theUS dollar. Under Hong Kong’s Linked Exchange RateSystem, this resulted in a softer Hong Kong dollar and higherimport-driven inflation, exerting additional pressure onhouseholds and businesses. The currency depreciation ledto unfavourable foreign exchange fluctuations against theEuro. As one of the leading providers of luxury architecturalhardware and kitchen collections sourced from top Europeanmanufacturers, we have experienced higher inventory costsdue to a strong Euro. Along with rising costs of goods causedby global freight bottlenecks, our wholesale and retailmargins were si