TAI CHEUNG HOLD二零二五年度年报

132539414243454647939798 35 2 Canon's Court,22 Victoria Street,Hamilton, HM12,BermudaA(852) 2532 2688(852) 2810 4108www.taicheung.comAppleby Global Corporate Services(Bermuda) LimitedCanon's Court,22 Victoria Street,Hamilton, HM12,Bermuda1712-16 ***** BAScLLB HonLLDNanyangHoldings LimitedBBus MBA CPA CPA(Aust.)CPA(US) FCCABA DipMS SB HonLLDBAMSBA MBA BBS MH BEng(Hon)MSc(Civil)MSc(Eng)MSc(FM) CEng MHKIE MRICSMSc(RealEstate)FRICSFHKIHBAMSc MBA4 MBAFCG HKFCGBBA MSc MIHRM CPHR **** 3.133.13*352236,731,626–40,614,799()–277,346,42544.91%20,132,706–––20,132,7063.26%282,462–––282,4620.05%73,000–––73,0000.01%170,000()–––170,0000.03%:40,614,799Great Edward lnvestment Company Limited 352XV336 ** 2025311.12,855.43,166.56,370.0(323.9)6,046.19,212.6(4.2)9,208.4$14.91 2024295.33,127.03,422.36,369.1(191.0)6,178.19,600.4(32.5)9,567.9$15.49 三 12 (A)(B)(C)(i) C14141414141414141 2.44:1 (ii)(iii) B.2.24(g) (iv) (v)C.2.1(i) 21222 (D)(E)(F) (a)(b)(c)(d)(e)(f)1111 (ii) (a)(b)(c)250,000 1–11– (iii) •••••• (a)(b)(c)(d)(e)(a)(b)(c)(d)(e)C3 (iv) (G)(H) (I)•• •••• (J)(K) •••(i)74(10%)(ii)7980(5%)(iii)(iv)tcpl@taicheung.com (L) (M)(N) C2 ••••••••• 108 10810850% 137800 240•••• ••••32 2024 58% 2 ISO900135 1.2.3.4.3,904.715.•3%•3%•3%•3%6. 201820220.5%9%45%5% 158.532130,86095 3 108FrenchValley Airport CenterFrench Valley Airport 41 42 43 44 45 46 1.Canon's Court, 22Victoria Street, Hamilton, HM12, Bermuda2.(a)4(b)1177165 (2020) 2.(c)21197179107181951028(1)(2)(3)(4)18 11511818 (1)(2)(2)(3)(3)(3)(4) 2.(d)(i)(a)(b) 2.(d)(ii)(iii)20%50% 2.(d)(iii)(e)2(g) 20% 2.(f)(g)(h)(i)•• 2.(h)(i)(ii)(iii)• 2.(h)(iii)•• 2.(h)(iv)912(i)(2)(h)(j) (iv) 2.(k)(l) 12 2.(l)(m)(i) 2.(m)(ii)(iii)(n)••••• 2.(n)••••••• 2.(n)12122(m)(ii)(o)(i)(ii) 僱員 2.(o)(ii)(p)(q)(r)(i)(ii) 2.(r)(ii)(iii)(iv) 2.(r)(iv)(s)(t)(u)(v)(w) 3.(a)(i)(ii)(iii) 幣 3.(a)(iii)(iv)1%600,000100,000(v)10%10%2,800,000 4,900,000 239.6–239.679.9–79.95.2–5.2324.7–324.7176.0–176.0–25.125.111.85.217.0187.830.3218.1 1% 3.(b) 2025202475.523.26,353.06,440.91.2%0.4% 3.(c)(i)•1•12•3322 144.9–44.9121.0–21.0 3–44.93.73.73.748.63–21.07.17.17.128.1 3.(c)(ii)4.(a)(b) 5.(a) 202515.311.19.636.015.3––––9.6––11.1–––26.49.6––(44.0)2.4–52.8(0.6)–––––52.7–(0.3)(0.2)–– 5.(a)19,800,00010% 102.8–9.0111.8(21.8)(1.0)–(0.5)80,700,000 5.(b) 6.7.8.9.10700,000 2025202441.057.0–2.82.82.543.862.3202520242221.3(8.7)202520241.91.99.471.40.70.710.010.020252024800,00021.420.827.226.3 10.(i)(ii) 0.503.800.251.910.252.340.250.250.250.250.252.258.050.503.650.251.840.252.250.250.250.250.250.192.197.74 10.(iii)(iv)11.(a)101,500,0012,000,000 202520243.63.50.10.10.10.13.83.72025202422 11.(b)1,000,0001,000,0011,500,0001,500,0012,000,00012.1713.16.5% 16.5%202520240.50.8 13.16.5%14.62,800,000617,531,42515. 202563.3(52.7)10.616.5%1.7(0.2)(10.3)1.8(0.8)8.5(0.2)0.574,900,000617,531,425202574.174.1148.2 202474.174.1148.2 17.(i)(ii) 81211,700,00011,700,000 17.(iii)99918.24,600,000 20252024255.1230.4 18.ConsolidatedHotels Limited(35%) 20252024630.0620.8(452.9)(430.5)177.1190.3(26.7)(29.9)150.4160.4(2.4)(1.7)148.0158.727.2–658.0640.8244.1362.6902.11,003.450.541.5122.9303.7173.4345.2728.7658.2255.1230.4 18.3419.73,500,00083,400,00020.361,300,000303,200,00029 29 20252024203.71,825.42,014.799.52,218.41,924.9 21.22.44,900,00021,000,0007,100,00031 2025202439.926.22025202428.137.2(0.8)(0.4)21.3(8.7)48.628.1 7 3,700,000 23.116,800,000105,800,000817,800,0001,121,200,00024. 2025202439.07.9204.3171.6243.3179.5 25.75,500,000 23,200,000 26.16.5%410,400,00069,000,000 16.5%20253.52025(41.0)363,100,00061,300,000399,900,000348,600,000 20243.52024(41.0) 27.1,000,000,0001,000,000,000617,531,425617,531,42528. 100.0100.061.761.72.11.46,027.7348.06,379.2––62.8–62.8(0.8)–––(0.8)–(2.1)––(2.1)––0.4–0.4––(74.1)–(74.1)––(74.1)–(74.1)1.3(0.7)5,942.7348.06,291.374.16,217.26,291.3 28.29.434,800,000124,500,00075,500,00023,200,00030. 386,600,000125,300,000202520241.81.8274.8522.4276.6524.2 31.(a)(b) 32.1833. 202520240.22.411.811.3202520242,349.22,349.2647.0644.80.60.5647.6645.35.65.65.65.6642.0639.72,991.22,988.961.761.7(a)2,929.52,927.22,991.22,988.9 33.(a)2,929,500,0002,927,200,000 74.12,855.42,929.5976.31,943.32,919.6150.3–150.35.5–5.5(74.1)–(74.1)(74.1)–(74.1)983.91,943.32,927.274.12,853.12,927.2 34.***Consolidated Hotels Limited***Shepherd Investments LimitedEdward Properties LLCTaico Properties, Inc.Tai Cheung (B.V.I.) Company LimitedTai Cheung (B.V.I.) Company Limited***255,100,00056,100,000 French Valley Airport Center LLC230,400,00052,700,000 ••••••93 4(a)192,218,400,0003,128,400,000 (i)(ii) 20 90 ••••••P06579 (II)20I =