域高国际控股2025/2026年报

Annual Report����/��年報 CONTENTS CORPORATE INFORMATIONSTATEMENT FROM THE CHAIRMANMANAGEMENT DISCUSSION AND ANALYSISBIOGRAPHICAL DETAILS OF DIRECTORS AND SENIOR MANAGEMENTENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORTCORPORATE GOVERNANCE REPORTDIRECTORS’ REPORTINDEPENDENT AUDITOR’S REPORTCONSOLIDATED STATEMENT OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOMECONSOLIDATED STATEMENT OF FINANCIAL POSITIONCONSOLIDATED STATEMENT OF CHANGES IN EQUITYCONSOLIDATED STATEMENT OF CASH FLOWSNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFIVE-YEAR FINANCIAL SUMMARY 2461523109140157164 165167168170295 CORPORATE INFORMATION BOARD OF DIRECTORS Mr. HUI Pui Sing(Chairman)Ms. TONG Man WahMr. HUI Yip Ho Eric(Chief Executive Officer)Mr. KONG Man Ho Non-executive DirectorMr. WONG Chun Man(Resigned on 31 August 2025) Independent non-executive Directors Mr. LEUNG Ho ChiMr. CHAN Ching SumMs. NG Wing Sze Vince AUDIT COMMITTEE Mr. LEUNG Ho Chi(Chairman)Mr. CHAN Ching SumMs. NG Wing Sze Vince REMUNERATION COMMITTEE Mr. LEUNG Ho Chi(Chairman)Mr. HUI Yip Ho EricMs. NG Wing Sze Vince NOMINATION COMMITTEE Mr. HUI Pui Sing(Chairman)Mr. LEUNG Ho ChiMr. CHAN Ching SumMs. NG Wing Sze Vince AUTHORISED REPRESENTATIVES Mr. HUI Yip Ho EricMr. KONG Man Ho COMPANY SECRETARYMs. CHAN Sze Ting(FCG, HKFCG) (FCG, HKFCG) REGISTERED OFFICE P.O. Box 31119 Grand Pavilion, Hibiscus Way802 West Bay Road, Grand Cayman, KY1-1205Cayman Islands P.O. Box 31119 Grand Pavilion, Hibiscus Way802 West Bay Road, Grand Cayman, KY1-1205Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESSIN HONG KONG 1011D Unit D, 11/F, Billion Plaza IINo. 10 Cheung Yue StreetCheung Sha Wan, Hong Kong HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt Road, Hong Kong CAYMAN ISLANDS PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICE Vistra (Cayman) LimitedP.O. Box 31119 Grand Pavilion, Hibiscus Way802 West Bay Road, Grand Cayman, KY1-1205Cayman Islands Vistra (Cayman) LimitedP.O. Box 31119 Grand Pavilion, Hibiscus Way802 West Bay Road, Grand Cayman, KY1-1205Cayman Islands AUDITOR 81903A–1905 Prism Hong Kong Limited(Formerly known as Prism Hong Kong and Shanghai Limited)Certified Public AccountantsRegistered Public Interest Entity AuditorUnits 1903A–1905, 8 Observatory RoadTsim Sha Tsui, KowloonHong Kong PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedChong Hing Bank Limited STOCK CODE1621 1621 COMPANY WEBSITEwww.vicointernational.hk www.vicointernational.hk STATEMENT FROM THE CHAIRMAN Dear Shareholders, On behalf of the board (the “Board”) of directors (the“Directors” and each a “Director”) of Vico InternationalHoldings Limited (the “Company”), I am pleased to present theannual report of the Company and its subsidiaries (collectively,the “Group”) for the year ended 31 March 2026 (the “CurrentPeriod”). 1,307,000,00049,000,000 During the Current Period, the Group maintained stableoperations across its core businesses in Hong Kong, includingthe sale of diesel and lubricant oil, and the provision of fleetcard services. Despite persistent market headwinds, suchas subdued consumer spending and ongoing geopoliticaltensions, the Group recorded total revenue of approximatelyHK$1,307.0 million and gross profit of approximately HK$49.0million. To mitigate these challenging conditions, the Group tookdecisive and proactive steps during the Current Periodto reinforce its structural resilience, focusing heavily onoperational agility and rigorous supply-side management. Inresponse to a volatile procurement landscape, we executed anenhanced cost-control framework over our supply channels,which significantly optimized our inventory sourcing and led toa substantial reduction in our total cost of sales. This defensivediscipline successfully expanded our overall gross profitmargins and drove the strong recovery in our net profit for theyear, helping insulate the Group against a contraction in top-line market revenue. Looking ahead, the Group maintains a highly disciplined andcautious posture as we navigate into 2027. While we continueto focus on refining our core product offerings, we recognizethat conventional liquid fuel demand faces permanentstructural headwinds from the accelerated adoption of electricvehicles by both corporate fleets and individual consumers.Furthermore, the domestic wholesale diesel and fleet cardnetworks are encountering severe pricing distortions from theexpansion of unlicensed, unregulated fueling channels. To safeguard our legitimate market share, the Group willprioritize safeguarding our core customer base throughdynamic wholesale structural realignments and strict costcontainment. Concurrently, we will remain dedicated todiversifying our overseas supplier networks to secure optimalproduct flow for our lubricants blending and reselling segment,ensuring we remain structurally agile and well-positionedto manage protracted energy shocks and evolving shifts indomesti