瑞尔集团2024/25年度报告

(Incorporated in the British Virgin Islands with limited liabilityand continued in the Cayman Islands)Stock Code: 6639A r r a i lG r o u p L i m i t e dR We are a leading dental services provider in the premium privatedental service market in China. Founded in 1999, we have servedapproximately 12.3 million patient visits in the past ten years, andhave been instrumental in raising public awareness and drivingconsumer recognition of the importance of dental care and goodoral hygiene in China. Our network of dental clinics and hospitalsprovides a wide array of dental healthcare services across China.We adopt a dual-brand strategy through our “Arrail Dental” and“Rytime Dental” brands to serve customers of different economicand geographic backgrounds. Through decades of commitmentandservice in the dental healthcare industry,we have earnedthe trust of our patients, and have successfully established anextensive presence in China. As of March 31, 2025, we had a totalof 118 stores, including 107 dental clinics and 11 hospitals in 15cities across China.Our mission is to give each of our patients a healthy and confidentsmile, and our vision is to become a world-leading dental group.Weoffer a diverse range of professional,personalized dentalservices spanning (i) general dentistry; (ii) orthodontics; and (iii)implantology.Through decades of commitment and endeavorsin the dental healthcare industry, we have earned the trust of ourpatients.Company Profile公司簡介 199912.320253311511810711(i)(ii)(iii) 2Corporate Information5Chairman’s Statement21Financial and Business Highlights23Management Discussion and Analysis50Profiles of Directors and Senior Management58Directors’ Report113Corporate Governance Report136Independent Auditor’s Report146Consolidated Income Statement147Consolidated Statement of Comprehensive Income148Consolidated Balance Sheet150Consolidated Statement of Changes in Equity152Consolidated Statement of Cash Flows154Notes to The Consolidated Financial Statements296Five Year Financial Summary297Definitions and Glossary of Technical TermsTable of Contents目錄 Corporate InformationBOARD OF DIRECTORSExecutive DirectorsMr. ZOU Qifang () (Chairman)Mr. ZHANG Jincai ()Ms. XIN Qin Jessie () (retired on September 26, 2024)Independent Non-executive DirectorsMs. LIU Xiaomei Michelle ()Mr. SUN Jian ()Mr. ZHANG Bang ()AUDIT COMMITTEEMr. ZHANG Bang () (Chairman)Ms. LIU Xiaomei Michelle ()Mr. SUN Jian ()REMUNERATION COMMITTEEMr. SUN Jian () (Chairman)Ms. LIU Xiaomei Michelle ()Mr. ZHANG Bang ()NOMINATION COMMITTEEMr. SUN Jian () (Chairman)Ms. LIU Xiaomei Michelle ()Mr. ZHANG Bang ()AUTHORISED REPRESENTATIVESMs. Au Wai Ching ()FCG (CS, CGP), HKFCG (CS, CGP)Mr. ZOU Qifang () (appointed on September 26, 2024)Ms. XIN Qin Jessie () (ceased on September 26, 2024)COMPANY SECRETARYMs. Au Wai Ching ()FCG (CS, CGP), HKFCG (CS, CGP)REGISTERED OFFICEHarneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands 董事會執行董事獨立非執行董事審計委員會薪酬委員會提名委員會授權代表公司秘書註冊辦事處Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands 2024926FCG (CS, CGP), HKFCG (CS, CGP)20249262024926FCG (CS, CGP), HKFCG (CS, CGP) Corporate Information總部及中國主要營業地點3610香港主要營業地點24840股份過戶登記總處Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman, KY1-1002Cayman Islands香港股份過戶登記分處183171712-1716香港法律顧問1526 HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESSIN THE PRC10F, Building AGemdale Matrix CenterNo. 36, Louzizhuang RoadChaoyang DistrictBeijing, the PRCPRINCIPAL PLACE OF BUSINESS IN HONG KONG40/F, Dah Sing Financial Centre248 Queen’s Road EastWanchaiHong KongPRINCIPALSHARE REGISTRAR AND TRANSFEROFFICEHarneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman, KY1-1002Cayman IslandsHONG KONG BRANCH SHARE REGISTRARComputershare Hong Kong Investor Services LimitedShops 1712-171617th Floor, Hopewell Centre183 Queen’s Road EastWanchaiHong KongHONG KONG LEGAL ADVISORKirkland & Ellis26th Floor, Gloucester TowerThe Landmark15 Queen’s Road CentralHong Kong A Corporate InformationAUDITORPricewaterhouseCoopersCertified Public Accountants andRegistered Public Interest Entity Auditor22/F, Prince’s BuildingCentralHong KongSTOCK CODE6639COMPANY’S WEBSITEwww.arrailgroup.comLISTING DATEMarch 22, 2022PRINCIPAL BANKSThe Hongkong and Shanghai Banking Corporation Limited(Beijing Branch)1F, Fortune Financial Center5 Dongsanhuan Zhong RoadChaoyang DistrictBeijing, the PRCShanghai Pudong Development Bank (Jingan Branch)88 Shimen Second RoadJingan DistrictShanghai, the PRCThe Bank of East Asia (China) Limited, Beijing Branch28/F, BEA Tower, Building 15 Guanghua RoadChaoyang DistrictBeijing, the PRC 審計師股份代號6639公司網站www.arrailgroup.com上市日期20223主要往來銀行51 2222518828 Chairman’s Statement2025331本財年2026331一、業績情況202533116.883.3%3,623TO GIVE EACH OF OUR PATIENTS A HEALTHYAND CONF