标准发展集团2025 年度报告

| 2025235141727414647484950146 2025 |2596Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands1617Windward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands183141409-101867www.bzg.cn 20249920251920254 2588 |202431301.050.9 202520253 31202220243 31489.8188.838.5%2025320243 3120.130.8153%20253 31 2025 |2025630 |202520253 1 50.9(ii)(iii)2022 (i) (i)(ii)(iii)(iv)(v)(vi)(vii)(viii)(ix)(x)(xi) |202520253 31 |2025(ii) (i)(iii) |202520243 31489.8188.838.5%20253 31301.0(i)(ii)20243 31486.020253 31300.3185.738.2%20243 313.880.0%20253 310.820253 314.120243 315.120243 312.90.120253 313.0 |202531.320243 31202520243 3120253 310.220253 3120253 31277.320253 31311.020241.220253 3120253 31 20243 3122.58.820253 311.35.120253 316.45.420243 3150.9202420.1380.62024291.72024137.394.62024144.8187.6202475.32025339.0202423.9181.7%202448.8% 20253 316.020253 3120253 3120253 3120195 920253 3120253 31 |20256.020243.520243.43.520249.223,470,0002820253 3120171 12GEMGEM14.941,494,000,0000.0198,801,0002024185,554,000 |2025(i)20213 51,150,000(ii)20219 2066,000,0002025(iii)20224 1420252 2620252 26 267,00020216 3020253 316,283,000202112173311,552,0006(6)37,000,00020253 21 1.20243 292.20239 133.20239 931,795,467.53 70,80825,105,8501420246 27 |202510,630,00014 |202520253 3120253 3120253 3126,362,00020253 3120253 3124.820253 3120253 31 102202421.6 11,485,0003,456,000202420247720253 312024 20249,216,000 |202520052009202212 19201720163200582020058201712017120218611Journal of Accounting and EconomicsThe Accounting ReviewJournal of Contemporary Accounting and Economics 502013392009502021691997720225Management ScienceJournal of Business Ethics 20215 2020092014110157520218Accounting Horizons |20256520216930121986719985200812FIDIC20091220111247202169199872004721200420236 2019199672005420162016122001772515 |202520112 200611 402022930GEM |201812 28••••••••• 202520253 3136622– ••••20253 31 |202520253 314020253 31146 |20253 31201612 23 2025 16202430 40 201612 23 |202510%30%112,000,0007.5%121%71(i)(ii)5(iii)101.48 |20253 3120244 120253 3120253 3120253 3120253 3120253 31 202520243 3120253 31112,000,000112,000,00014A3414A56.318.1%54.450.8%153.1 |202520253 3118.9%56.747.7%143.25%20249920251920254 25 |34141620253 311,000,0001,000,0011,500,00020253 31 2025 20253 31202412131320253 311232 20253 31XV1(1)(2)0.01% |202520253 313118XV78352C31,118,460,00074.86%10,0000.00%274.86%Fujincheng Investment Holding Co., Ltd.FujinchengFujinchengFujincheng |20253 31XV35220253 31336Fujincheng20253 31 2025XV78XV235%1,118,460,00074.86%1,118,460,00074.86%XV20253 31XV233365% 20253 318.103.1320253 312025630 |202520253 3120253 31 |2025(iii)(c) C12(i)C.2.1(ii)F.2.2C.1.8C3(a)(b)(d)(e) |2025C.1.820253 3120253 3120249920251920254 2520251 93.09D20254 253.10A3.10(1)(2) |2025201812 281.1.11.22.(a)(b)(c)(d)(e)(f)(g)3.3.1(a)(b)3.2 4.(a)(b)(c)(d)(e)(f)5.6.7.8.8.1 |2025 |20258.2••••(ii)20253 31 20253 31(i)(iii) 73:272025 19 |20253.1320215 2620221220216 91081123.09D20251 93.09D |202520253 3120253 3120249920251920254 25AB C.2.120216 8C.1.4A, BA, B––A, BA, BA, B 201612 2320253 31 |2025www.hkexnews.hkwww.bzg.cn1720253 31 |2025201612 2320253 31201612 233.2120253 31 2024202420253 31 20253 31121.20249 92.20251 9 |20251/51/21/20/15/51/11/10/12/24/52/22/22/21/15/52/22/22/21/15/52/21/120254 25F.2.220249 920242024 |202520253 31••••••20229 30 20253 311572015020890 ••• |202564 |2025••• 20253 31D.2.5 (i)www.bzg.cn(ii)(iii)(iv)(v)20253 31 |2025www.hkexnews.hk20253 31 |202520253 3150,034,0003.1 4614520253 313.13.1 20253 312,856,000 31 |2025520253125,942,000 |20253.22218,887,00046,474,00016,069,00019,271,000 –––– 232025 331 |2025••• |2025•••P081488820256 30 |20171 1210%50%25%20243 31 b)c)d)e) 2025 |20252025331a) 1.KY1-1108, Cayman Islands2.20244 17 |20162 1120195 9Windward 3, Regatta Office Park, PO Box 1350, Grand Cayman183141409-10Fujincheng Investment Holdings Co. Ltd.161517 20252020 |202520253312.112020••2022 2022 520202020322022 2.9797102821218191220251 1320261 1420271 19797 3344 |1113 2025 |202520253312.920261 121•• 7 2.21212120251 1181817331820271 13.3.1 1 |202518718 |202520253313.3.120253 31(i)(ii)(iii)(iv)(v)(vi) 2,856,0005420253 31 50,034,0001212 3.3.1162•••3.2••• |2025236 |202520253313.3.2(i)9 (ii) 3.3.23737•19• |202521211216 |202520253313.3.2 9 3.3.2363692828 |202599 |202520253313.3.2•••9 3.3.21616 |2025 |202520253313.3.2•••• 12 3.3.29••• |2025 |202520253313.3.2•• 9 3.3.2 |2025 |202520253313.3.2(a)(b) 3.3.2•••• |2025 |202520253313.3.2•1970 19.93(a) 3.3.2 |202512 |202520253313.3.2 3.3.215 |2025 |202520253313.3.2(a)(b) 3.3.2 |2025 |202520253313.3.2 3.3.2 |202515 |202520253313.3.2••••3••• 3.3.2(i)(ii)9912 |20251212 |202520253313.3.2(i)••••• 91230 3.3.29(ii)90(iii)•••••(iv) |2025180180 |202520253313.3.2(v)••• 9 3.3.2 |2025 |202520253313.3.2•• 4.3.22025331222,971,00059,