卓珈控股年报2025/26

Miricor Enterprises Holdings Limited 卓珈控股集團有限公司 2025/26ANNUAL REPORT Incorporated in the Cayman Islands with limited liabilityStock Code股 份 代 號:1827於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 目錄 CONTENTS 2Corporate Information5Chairlady’s Statement9Management Discussion and Analysis18Biographical Details of Directors and Senior Management27Corporate Governance Report45Environmental, Social and Governance Report117Report of the Directors132Independent Auditor’s Report140Consolidated Statement of Profit or Loss and OtherComprehensive Income141Consolidated Statement of Financial Position143Consolidated Statement of Changes in Equity144Consolidated Statement of Cash Flows146Notes to the Financial Statements224Five-Year Financial Summary 公司資料主席報告書管理層討論及分析董事及高級管理層之履歷詳情企業管治報告環境、社會及管治報告董事會報告獨立核數師報告綜合損益及其他全面收益表 綜合財務狀況表綜合權益變動表綜合現金流量表財務報表附註五年財務摘要 CORPORATE INFORMATION公司資料 Board of directorsExecutive DirectorsMs. LAI Ka Yee Gigi(Chairlady and Chief Executive Officer)Mr. HO Tsz Leung LincolnDr. LAM Ping YanMr. TANG Sung Kin (appointed on 30 December 2025) 董事會執行董事黎珈而女士（主席兼行政總裁）何子亮先生林秉恩醫生鄧崇堅先生（於2025年12月30日獲委任） 獨立非執行董事鄭輔國先生鄭毓和先生李偉君先生 Independent Non-Executive Directors Mr. CHENG Fu Kwok DavidMr. CHENG Yuk WoMr. LI Wai Kwan 審核委員會鄭毓和先生（主席）鄭輔國先生李偉君先生 Audit committeeMr. CHENG Yuk Wo(Chairman)Mr. CHENG Fu Kwok DavidMr. LI Wai Kwan 薪酬委員會鄭毓和先生（主席）黎珈而女士李偉君先生 Remuneration committeeMr. CHENG Yuk Wo(Chairman)Ms. LAI Ka Yee GigiMr. LI Wai Kwan 提名委員會黎珈而女士（主席）鄭輔國先生鄭毓和先生 Nomination committeeMs. LAI Ka Yee Gigi(Chairlady)Mr. CHENG Fu Kwok DavidMr. CHENG Yuk Wo 授權代表何子亮先生羅泰安先生 Authorised representativesMr. HO Tsz Leung LincolnMr. LO Tai On 公司秘書羅泰安先生 Company secretaryMr. LO Tai On 核數師 AuditorErnst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor underthe Accounting and Financial Reporting Council Ordinance27/F, One Taikoo Place979 King’s RoadQuarry BayHong Kong 安永會計師事務所執業會計師會計及財務匯報局條例下之註冊公眾利益實體核數師香港鰂魚涌英皇道979號太古坊一座27樓 CORPORATE INFORMATION公司資料 開曼群島註冊辦事處Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Registered office in Cayman IslandsCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands 香港總部及主要營業地點 Headquarters and principal place of businessin Hong Kong18/F, Nan Fung Tower88 Connaught Road CentralCentralHong Kong 香港中環干諾道中88號南豐大廈18樓 開曼群島主要股份過戶登記處 Cayman Islands principal share registrarand transfer officeConyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands 香港股份過戶登記處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 Hong Kong share registrarTricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 主要往來銀行恒生銀行有限公司香港中環德輔道中83號 Principal bankerHang Seng Bank Limited83 Des Voeux Road CentralCentralHong Kong 東亞銀行有限公司香港灣仔軒尼詩道253–261號依時商業大廈地下A–C號 The Bank of East Asia, LimitedShop A–C, G/FEasey Commercial Building253–261 Hennessy RoadWanchaiHong Kong CORPORATE INFORMATION公司資料 公關顧問縱橫財經公關顧問有限公司香港夏慤道18號海富中心第一期2401–2室 Public relations consultantStrategic Financial Relations Limited2401–2, Admiralty Centre 118 Harcourt Road, Hong Kong 股份代號1827 Stock code1827 公司網址www.miricor.com Company websitewww.miricor.com CHAIRLADY’S STATEMENT主席報告書 尊敬的各位股東： Dear Shareholders: 我 代 表 董 事（「董 事」）會（「董 事 會」）欣 然 向各位呈報本集團截至2026年3月31日止年度（「2026財政年度」）的業績表現及未來發展策略。 On behalf of the Board (the “Board”) of directors (the “Director(s)”), Iam pleased to present the business performance of the Group for theyear ended 31 March 2026 (“FY2026”) and our future developmentstrategies. 2026財 政 年 度 對 於 本 集 團 所 處 的 醫 美 和 消費行業而言，無疑是充滿挑戰與深刻變革的一 年。全 球 宏 觀 經 濟 環 境 複 雜 多 變，本 地 消費市場之復甦動能有所放緩。受外部不確定性常態化及資產市場波動之交互影響，核心消 費 客 群 的 財 富 效 應 趨 於 一 致。報 告 期 內，終端市場之消費信心與模式趨於審慎，市場正經歷結構性轉變。這種追求「高性價比、重質效、求精準」的理性消費趨勢，已從短期的心理波動，徹底沉澱為市場的新常態。 The FY2026 is undoubtedly a year full of challenges and profoundtransformation for the medical aesthetics and consumer industries inwhich the Group operates. The global macroeconomic environmentwas complex and volatile, while the momentum of recovery in thelocal consumer market slowed down. Affected by the combinedinfluence of persistent external uncertainties and volatility in assetmarkets,the wealth effect among our core consumer groupconverged. During the reporting period, consumer confidence andspending patterns in the end-user market trended towards prudence,and the market is undergoing structural transformation. This trendtoward rational consumption, characterized by a pursuit of “high cost-effectiveness, emphasis on quality and effectiveness, and seekingprecision”, has evolved from a short-term psychological fluctuationinto a new normal firmly embedded in the market. 2026財政年度業績回顧 FY2026 Performance Review 受此大氣候與宏觀市道之雙重制約，本集團於報告期內的銷售收入亦相應受到影響。本年度，集團實現營業收入三億六千二百四十萬港元（截至2025年3月31日止年度（「2025財政年度」）：四億零三百二十萬港元），雖同比減少10.1%。 Affected by both this overall climate and the