强泰环保2024年报

Contents目錄 Corporate Information公司資料 BOARD OF DIRECTORS EXECUTIVE DIRECTORS CHAU On Ta YuenBBS, SBS (Chairman)CHAN Kwan(Chief Executive Officer)Radius SUHENDRACHAU Chi Yan Benny 周安達源銅紫荊星章、銀紫荊星章（主席）陳昆（行政總裁）蘇堅人周致人 NON-EXECUTIVE DIRECTOR 陳栢林 CHAN Pak Lam Brian INDEPENDENT NON-EXECUTIVE DIRECTORS NG Chung Yan LindaNG Man KungLEUNG Bo Yee Nancy 伍頌恩吳文拱梁寶儀 BOARD COMMITTEES AUDIT COMMITTEE 伍頌恩（主席）吳文拱梁寶儀 NG Chung Yan Linda(Chairlady)NG Man KungLEUNG Bo Yee Nancy NOMINATION COMMITTEE CHAU On Ta Yuen(Chairman)CHAN KwanNG Chung Yan LindaNG Man KungLEUNG Bo Yee Nancy 周安達源（主席）陳昆伍頌恩吳文拱梁寶儀 REMUNERATION COMMITTEE 吳文拱（主席）陳栢林伍頌恩梁寶儀 NG Man Kung(Chairman)CHAN Pak Lam BrianNG Chung Yan LindaLEUNG Bo Yee Nancy REGISTERED OFFICE Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman KY1-1111Cayman Islands ELL ENVIRONMENTAL HOLDINGS LIMITED2024 Annual Report2 HEADQUARTERS IN THE PEOPLE’S REPUBLIC OFCHINA (THE “PRC” OR “CHINA”) Rugao Hengfa Municipal and Industrial Wastewater Treatment FacilityNorth of Huimin RoadRugao Economic and Technological Development ZoneJiangsu ProvinceThe PRC 如皋恆發市政及工業污水處理設施中國江蘇省如皋經濟技術開發區惠民路北側 PRINCIPAL PLACE OF BUSINESS IN HONG KONG Unit 2304, 23rd Floor, Westlands Centre20 Westlands RoadHong Kong 香港華蘭路20號華蘭中心23樓2304室 AUTHORISED REPRESENTATIVES 陳昆董穎怡 CHAN KwanTUNG Wing Yee Winnie COMPANY SECRETARY 董穎怡 TUNG Wing Yee Winnie CAYMAN ISLANDS PRINCIPAL SHARE REGISTRAR Conyers Trust Company (Cayman) LimitedCricket SquareHutchins Drive, P.O. Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins Drive, P.O. Box 2681Grand Cayman KY1-1111Cayman Islands HONG KONG BRANCH SHARE REGISTRAR 寶德隆證券登記有限公司香港北角電氣道148號21樓2103B室 Boardroom Share Registrars (HK) LimitedRoom 2103B, 21st Floor148 Electric RoadNorth PointHong Kong Corporate Information公司資料 PRINCIPAL BANKERS 集友銀行有限公司香港上海滙豐銀行有限公司中國銀行（香港）有限公司 Chiyu Banking Corporation LimitedThe Hongkong and Shanghai Banking Corporation LimitedBank of China (Hong Kong) Limited INDEPENDENT AUDITOR 天職香港會計師事務所有限公司執業會計師 Baker Tilly Hong Kong LimitedCertified Public Accountants LEGAL ADVISORS 泰樂信律師事務所 Taylor Wessing AS TO PRC LAW:King & Wood Mallesons 金杜律師事務所 www.ellhk.com www.ellhk.com LISTING INFORMATION 香港聯合交易所有限公司主板 Main Board of The Stock Exchange of Hong Kong Limited Stock Code 1395 1395 Board Lot 5,000股股份 5,000 shares 致各位股東： Dear Shareholders, 本人謹代表強泰環保控股有限公司（「強泰環保」或「本公司」，連同其附屬公司，統稱「本集團」）董事（「董事」）會（「董事會」）欣然呈報截至二零二四年十二月三十一日止財政年度（「二零二四財政年度」或「本年度」）的全年報告。 On behalf of the board (the “Board”) of directors (the “Directors”)of ELL Environment Holdings Limited (“ELL Environmental” orthe “Company”), together with its subsidiaries (the “Group”), I ampleased to present our annual report for the financial year ended 31December 2024 (“FY2024” or the “Year”). FY2024 was a year of resilience and strategic adaptation as wenavigated a volatile macroeconomic landscape. Uncertainties inglobal markets, shifts in governmental policies and industry-specificchallenges in China and Indonesia tested our ability to adapt. Despitethese headwinds, we remain focused on operational excellence,sustainability and long-term value creation for our shareholders (the“Shareholders”). 於二零二四財政年度，我們在動盪的宏觀經濟環境中保持韌性並進行策略調整。環球市場的不確定性、政府政策變動以及中國與印尼的特定行業挑戰，皆是對我們適應能力的考驗。儘管困難重重，我們堅持專注於卓越營運、可持續發展以及為我們的股東（「股東」）創造長期價值。 China’s industrial wastewater treatment industry continued to evolve,driven by government regulations and environmental policies, aswell as technological advancements. High capital expendituresand operational costs continue to pose challenges, particularly forsmaller enterprises. In Indonesia, the 2024 elections ushered in newleadership, with renewable energy expected to remain a key nationalpriority, an area which we are well-positioned. 在政府法規及環保政策以及技術進步的推動下，中國的工業污水處理行業不斷演變。高昂的資本開支及營運成本持續構成挑戰，尤其是對小型企業而言。在印尼，二零二四年大選迎來新的領導層，預期可再生能源將仍為國家重點發展的領域，而我們於該領域已作好充分準備。 Our wastewater treatment business in China made steady progress,highlighted by the planned expansion of our wastewater treatmentfacility operated by Rugao Hengfa Water Treatment Company Limited(“Rugao Hengfa”). This project will increase its industrial wastewatertreatment capacity from 40,000 tonnes to 50,000 tonnes per dayand ensure compliance with higher environmental standards. Theexpansion underscores our commitment to sustainable operationsand regulatory compliance. 我們在中國的污水處理業務已取得穩步進展，特別是如皋恆發污水處理有限公司（「如皋恆發」）營運的污水處理設施的擴建計劃。該項目將其工業污水處理量由每日40,000噸提升至50,000噸，並確保符合更高的環保標準。該擴建項目彰顯我們對可持續營運及監管合規性的承諾。 在印尼，我們的印尼邦加島生物質發電廠（「邦加島項目」）於二零二四年七月底開始營運，並與印尼主要電力供應商PerusahaanListrik Negara（「印尼電力公司」）簽訂25年的固定價格協議，確保未來有穩定且可預測的收入來源。此外，我們對PT Rimba PalmaSejahtera Lestari（「RPSL」）木顆粒生產業務80%股權的策略性撤資正在進行中。然而，由於政府審批程序延長，該交易仍未完成。儘管遭遇挫折，我們仍努力爭取於二零二五年上半年完成交易。同時，我們已開展進一步的準備工作，以提升顆粒工廠的產能及效率。於二零二四財政年度，RPSL的數據中心業務收入不斷增長，為本集團提供穩定的現金流量。 In Indonesia, our biomass power plant in Bangka, Indonesia (t