
中期報告2024 38-40814 Conyers Trust Company (Cayman) Limited Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands 1617 www.tycoongroup.com.hk (CPAACCA) 3390 Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands E B I T D AE B I T D A202410,264,000202311,806,00020243,100,00020239,467,00020248,318,00020239,429,000202421,119,000202387,047,000 EBITDA 20246 30202420232023 2001,500 20241,80078%31,30020182,20040% 202415.9% 20231231(1)20235(2)20239Combo Win Asia LimitedCWA51%CWA2023101CWA 435.0666.334.7%75.7%21.1202387.0202319.110.0(i)(ii)(iii) 2024258.69.4%15.9%45.224.8%27.7% 2023561%2024361%70%99.8 CWA49%3.6 Culturelle®KaminowaBiolaneBiolane PNKidsplu Kaminowa BG Pro(Boost & GuardPro)(Craft by Wakan)(Kinmen Qiangxiao)50BG ProBG PRO BG Pro 2022 Guardian Culturelle®2024 202428.021.530.4%27.7%2024 2024 11 •435.02023666.3 •19.1%358.42023301.024.8%45.2202360.12019 •27.7%30.8202324.2 •CWA51%2023930CWA202310 173.137.7%107.81.224.8%(i)(ii) 55.019.2%44.5CWA51%202310CWA 51% 44.023.0%33.9CWA51% 11.914.0%10.3CWA 51% CWA51%202310CWA49%3.6 1.5202332.2202319.110.0 21.087.5202319.110.0(i)(ii)(iii) 20246 3045.3202312 3139.1202463028.6%202312 3123.8% 20246 30161.6202312 31100.039.0202312 3139.0202493050.0202312 3150.08.2202312 318.4 202463020231231 20246 308.0800,000,0000.01 20246 30(i)32.3202312 3133.4(ii) 2020330 12%9% 20234282633.HK9,120,00049%12%2023531(61%)2023428 90,0009% 90,0009% 20243286,840,0009%61%70%2024328 CWA51% 20237 7Dynasty Garden LimitedEyolution Capital FundCWA51%130,000,0002023930CWA49% CWA25%75%14.44Tycoon EmpireInvestment LimitedTycoon Empire Investment Limited56.01% 2023772023727202310320231026 13.20 20231026CWA51%13.1313.16 2023930 2023630389.5 20246 30371.1 20246 30160.132.3–1.25%HIBOR+3.25%901 20246302161.HK5% 52,500,0006.3%52.3 (i) (ii)20246 30 20243314.05 (v) 201970 (vi) 20246 30202312 31 20246 30202312 31 IPO 2021618 IPOIPO2019219IPO IPOIPO20201231274.0 IPO2021618IPOAIPOBIPOIPOIPOIPOA(i)202312 31(ii)274.0202312 31 IPO2021618 20231231IPO20247 200,000,000Tycoon Empire Investment LimitedTycoon Empire3320.HKIPOTycoon Empire IPO2021618 20231231200,000,00020247 20246 3025020236 3020831.530.9 3.5 20247312024912024830202491 C1 C.2.1 C.2.1 2024630 C3 13.51(B) •20245172529.HK •20247Alpha Astra Asset Management Limited 2024630571XV(a)XV78(b)352(c) (i) (1)LS(2)448,096,326200,000,000Tycoon EmpireXVTycoon Empire(3)Tycoon Empire200,000,00020216 18 (1)L(2)Tycoon Empire 2024630XV(a)XV78(b)352(c) 20246 30XV23336 (1)LS2024630800,000,000 (2)Tycoon Empire200,000,000 (3)448,096,326200,000,000Tycoon EmpireXV (4)151,895,000200,000,0002CRC Bluesky LimitedChina Resources Co., Limited2016112153.05%CRC Bluesky LimitedCRC Bluesky LimitedXVCRC Bluesky Limited (5)Jacobson Group Treasury LimitedJacobson Group Treasury LimitedJacobson PharmaGroup (BVI) LimitedJacobson Pharma Group (BVI) Limited43.98%Kingshill Development LimitedKingshill DevelopmentGroup Inc.Kingshill Development Group Inc.UBS Trustees (B.V.I.) LimitedThe KingshillTrustXVJacobson Pharma Group (BVI) LimitedKingshillDevelopment LimitedKingshill Development Group Inc.UBS Trustees (B.V.I.) LimitedJacobson Group Treasury Limited 2024630XV23336 20203 232023111720231 1 2024630202463080,000,00010% 20205 252023111720231 1 (i)(ii) 40,000,0005%0.50%1%20205 25 20231,680,00020224120264 1 19 1. 2.4.17 3.4.17 20246302024630 19(b)19(b) 78 20246 30 2024630 1 2017614Cricket Square, Hutchins Drive, P.O. Box 2681, GrandCayman, KY1-1111, Cayman Islands38-40814 2020415 Tycoon Empire Investment Limited 20248 30 830 2 20246303420231231 3 202312 31 (a) (b) 4 20231231 5.1 20231231 20231231 202312 31 5.2 31–2–13– 5.2 2024630 20231231 5.3 •••••••••• 6 (a) (b) (c) 2023 8 9 16.5%20236 30 20246 30 11 202463020236303.5 12 11630 202463032,330,0002023123133,403,00017 13 2024630576,00020236306,814,0004,981,00020236305,717,000 14 20246 30Combo Win Asia LimitedCWAFancy Summit Inc.Fancy Summit202312 31CWAFancy Summit) 15 30120202463020231231 9091180180 20246 3020231231 30316061120120 17 0.01 202312 312024112024630 202312 312024112024630 19 (a) 2020323 (a)(b)(c)(d)(e)(f)(g) 19 (a) 30%10%80,000,000121%12 21 (i)(ii)(iii)1.0 19 (b) 20205 25 2020525 5 %40,000,0000.50% 1.1920,000,00023,824,000 19 (b) 2 0 2 463 05 . 1 53,960,00020,400,000202463026,110,000202322,150,000 20246302023630 11 630 20246301.5820236301.58 20246301,680,0002023630974,0002024630798,00020236 30289,000 20 20246 30202312 31 21 202463020231231 22 (a) (i)(ii)(iii) (a) 20246308,522,000202312 3110,227,0008,587,000202312 3110,227,0002024630 2 0 2 463 01 , 7 0 4 , 0 0 02 0 2 363 01,687,000142,000202363037,000 (i)2023531(ii)20212814A14A(iii)20227114A14A(iv)2023323Five Ocean202148(v)2023323(vi)20242023630(vii)2023323viiiCWA (i)(ii)CWA(ii) (ii)CWA(ii) (ii)CWA(ii) (i)20246 3030120 (ii)20246 30