剑虹集团控股年报 2026

(Incorporated in the Cayman Islands with limited liability)（於開曼群島註冊成立之有限公司）Stock code股份代號: 01557 年報2025/2026 CONTENTS Corporate Information2Chairman’s Statement5Management Discussion and Analysis7Corporate Governance Report13Environmental, Social and Governance Report34Profile of Directors and Senior Management54Directors’ Report60Independent Auditor’s Report71Consolidated Statement of Profit or Loss andOther Comprehensive Income80Consolidated Statement of Financial Position82Consolidated Statement of Changes in Equity84Consolidated Statement of Cash Flows85Notes to the Consolidated Financial Statements88Financial Summary203 CORPORATE INFORMATION BOARD OF DIRECTORS EXECUTIVE DIRECTORSMr. Chang Chih-Chia(Chairman)Mr. Yang XuefengDr. Wang Lei INDEPENDENT NON-EXECUTIVE DIRECTORS Ms. Liu YixingMr. Feng ZhidongMs. Situ Danni (appointed on 17 April 2025) COMPANY SECRETARY Ms. Lo Wan Man AUDIT COMMITTEE Ms. Liu Yixing(Chairman)Mr. Feng ZhidongMs. Situ Danni (appointed on 17 April 2025) NOMINATION COMMITTEE Mr. Chang Chih-Chia(Chairman)Ms. Liu YixingMs. Situ Danni (appointed on 17 April 2025) CORPORATE INFORMATION REMUNERATION COMMITTEE Ms. Liu Yixing(Chairman)Mr. Feng ZhidongMs. Situ Danni (appointed on 17 April 2025) HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG Unit 01, 86/FInternational Commerce Centre1 Austin Road WestKowloonHong Kong 18601 AUDITOR McMillan Woods (Hong Kong) CPA Limited PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Ocorian Trust (Cayman) Ltd.Windward 3Regatta Office ParkP. O. Box 1350Grand CaymanKY1-1108Cayman Islands Ocorian Trust (Cayman) Ltd.Windward 3Regatta Office ParkP. O. Box 1350Grand CaymanKY1-1108Cayman Islands CORPORATE INFORMATION PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedDah Sing Bank, LimitedDBS Bank (Hong Kong) LimitedThe Bank of East Asia, LimitedThe Hongkong and Shanghai Banking Corporation Limited HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 3382333301-04 Union Registrars LimitedSuites 3301-04, 33/FTwo Chinachem Exchange Square338 King’s RoadNorth PointHong Kong STOCK CODE01557 01557 www.kh-holdings.com WEBSITEwww.kh-holdings.com CHAIRMAN’S STATEMENT Dear shareholders, PROSPECTS The Group’s overall revenue increased by approximately 157% toapproximately HK$87,615,000 during the year ended 31 March 2026(the “Year”) (during the year ended 31 March 2025 (the “ComparativeYear”): HK$34,157,000). The profit and total comprehensive incomefor the Year attributable to owners of the Company amounted toapproximately HK$137,989,000 and HK$142,294,000, respectively(lossand total comprehensive loss for the Comparative Year:HK$57,592,000 and HK$58,440,000, respectively). 157%87,615,00034,157,000137,989,000142,294,00057,592,00058,440,000 Amid a complex operating environment in the Hong Kong constructionindustry, the foundation segment has long been confronted with fiercemarket competition and sustained profitability headwinds. The Grouphas terminated its foundation businesses in Hong Kong during theYear. With the termination of foundation businesses in Hong Kong whichhad incurred consecutive years of losses, the Group’s performancehas turned around, and the Group has shifted all its business focusto the Chinese Mainland market during the Year. Supported bysteady infrastructure investment and sustained favourable policyinitiatives in the Mainland, the market boasts ample developmentpotential. The Group’s construction business in the Mainland hasachieved substantial growth during the Year. With sustained resourceinjection and support from all shareholders, the Group’s constructionbusinesses are expected to experience new growth. To pursue diversified industrial development, the Group completedthe acquisition of 100% equity interests of Changzhou YonghongYifeng New Material Technology Co., Limited together with itssubsidiary (“Changzhou Yonghong Group”) in the last fiscal year.Changzhou Yonghong Group owns an NMP recycling and integratedutilization facilities with an annual capacity of 60,000 tons, whichis an important step for the Group’s layout in the chemical andenvironmental protection sector, as well as a significant initiative toexpand its business scope into the new chemical materials sectorand promote diversified business development. During the Year,Changzhou Yonghong Group’s businesses are gradually being carriedout, strategic cooperative relationships have been established withmultiple important customers. Revenue from the fields of hazardouswaste neutralisation and recycling of renewable resources hasdelivered new growth drivers to the Group’s financial performance forthe Year. 100%60,000NMP CHAIRMAN’S STATEMENT Inthe meantime,beyond its core NMP business,ChangzhouYonghong Group has actively advanced diversified product andbusiness layout, focusing on the research and development ofhigh-endnew materials including UV adhesives and antistaticcoatings, so as to mitigate operational risks arising from m