坚宝国际二零二五年年报

Corporate Information BOARD OF DIRECTORSExecutive directorsLai Pei Wor(Chairman)Chan Yau Wah(Deputy Chairman) Independent non-executive directors Mak Kwai WingLi Yuen Kwan, JosephPong Suet Hing EXECUTIVE COMMITTEELai Pei Wor(Chairman)Chan Yau Wah AUDIT COMMITTEE Mak Kwai Wing(Chairman)Li Yuen Kwan, JosephPong Suet Hing REMUNERATION COMMITTEE Pong Suet Hing(Chairman)Mak Kwai WingLi Yuen Kwan, Joseph NOMINATION COMMITTEE Lai Pei Wor(Chairman)Mak Kwai WingLi Yuen Kwan, JosephPong Suet Hing COMPANY SECRETARYTsang Wai Lun AUDITOR Forvis Mazars CPA LimitedCertified Public Accountants PRINCIPAL BANKERS DBS Bank (Hong Kong) LimitedCMB Wing Lung Bank LimitedThe Hongkong and Shanghai Banking Corporation LimitedDah Sing Bank, LimitedChina Construction Bank (Asia) Corporation LimitedBank of China (Hong Kong) LimitedAgricultural Bank of China Corporate Information PRINCIPAL SHARE REGISTRARS ANDTRANSFER OFFICE Appleby Global Corporate Services(Bermuda) LimitedCanon’s Court, 22 Victoria Street,PO Box HM 1179, Hamilton HM EX,Bermuda Appleby Global Corporate Services(Bermuda) LimitedCanon’s Court, 22 Victoria Street,PO Box HM 1179, Hamilton HM EX,Bermuda HONG KONG BRANCH SHARE REGISTRARSAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong(with effect from 11 July 2025) HONG KONG LEGAL ADVISERReed Smith Richards Butler Conyers Dill & Pearman BERMUDA LEGAL ADVISERConyers Dill & Pearman Clarendon House2 Church StreetHamilton HM 11Bermuda REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS Units 2304-06, 23rd FloorRiley House88 Lei Muk RoadKwai ChungNew TerritoriesHong Kong 88232304-06 WEBSITEwww.kpihl.com www.kpihl.com 675 STOCK CODE675 Financial Highlights Chairman’s Statement On behalf of the Board of Directors (the “Board”), I am pleased toreport the annual audited results of the Company together withthe subsidiaries (collectively the “Group”) for the year ended 31December 2025. FINANCIAL RESULTS TheGroup’s turnover for the year ended 31 December 2025amountedto approximately HK$160.5 million,representing adecreaseof 9.0%from the previous year.Overall gross profitamountedto approximately HK$30.4 million,representing adecrease of 16.2% from the previous year. Loss attributable toowners of the Company was approximately HK$6.9 million (2024:HK$9.1 million). 160,500,0009.0%30,400,00016.2%6,900,0009,100,000 Basic loss for the year ended 31 December 2025 amounted toHK2.60 cents (2024: HK3.39 cents) per share. 2.603.39 BUSINESS REVIEW In April 2025, the United States announced broad import tariffincreases,which led the Group’s customers to slow downpurchaseorders and postpone the development and launch ofnew projects, as discussed in 2025 interim report. This situationadverselyaffected the customers shipments during the secondand third quarters of 2025. As a result, the Group’s revenue forthe year declined as compared to 2024. The gross profit marginalso declined, mainly due to (1) the decline in revenue mentionedabove, (2) the intensified pricing pressure from several customersamid regional economic uncertainty, and (3) the appreciation ofRenminbi (“RMB”) against the United States Dollars (“USD”) whichincreased the production costs at the Group’s factories in ChineseMainland.The impacts of RMB appreciation on the Group’smanufacturing costs and operating results was discussed in theprevious annual report. 123 9.0%160,500,0004,400,0003,700,0009,600,000 Forthe precision parts and components segment,the turnoverdecreased 9.0% to approximately HK$160.5 million as comparedwith2024.The segment reported loss approximately HK$4.4million(2024:profit of approximately HK$3.7 million,afterexcluded the early-termination and closed-out losses of forwardcurrencycontracts of approximately HK$9.6 million).Themechanism of forward currency contracts had been discussed atthe previous annual and interim reports. Chairman’s Statement The gross margin of the Group in 2025 had decreased by 1.6percentage point to 18.9% as compared with 2024, which thereasons had been discussed above. The selling and distributioncosts decreased by 12.5% to approximately HK$14.1 million, whichwas arising from the decline in selling activities. The administrativeand other expenses increased by 22.3% to approximately HK$27.0million, due to the exchange loss of approximately HK$4.7 millionmainly arising from the appreciation of RMB. The financial costsslightly increased by 5.5% to approximately HK$0.4 million, due tothe increase in financing activities. 1.618.9%12.5%14,100,0004,700,00022.3%27,000,0005.5%400,000 FUTURE PLANS AND PROSPECTS 16,000,000 Looking ahead, Europe remains the key market for the Group’s topcustomers. The regional economy returned to growth in the fourthquarter of 2025 after overcoming trade tensions earlier in 2025 andrecovering from the energy crisis triggered by the war in Ukraine.T