德祥地产2024-2025年报

12024-2025234591020304479848586888991185186187 GBSJPGBSJPGBSJP*GBSJP* •Clarendon House2 Church StreetHamilton HM 11Bermuda12Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda16www.itcproperties.com 3017199 20257 1 2024-202520256 2720258 2920259 320259 320259 32025-2026202511www.itcproperties.com1617itcproperties-ecom@vistra.com:info@itcproperties.com:(852) 2835 9500:(852) 2858 2697 2024-2025 ᅃୂήପණྠϞࠢʮ̡–6,7102,790港幣百萬元2021年╱2022年財政年度港幣百萬元2022年3月31日 71200544770202111Investments Limited4120103of America) Trinity College of Arts and SciencesNutraScience Corporation 2024-202520235 3144Galaxyway(Duke University, United States(The Goldman Sachs Group, Inc.)Burcon 60202343270Rosanna20211146Corporation 20253 7152023420257 1202211 23 Burcon NutraScience GBS, JP80Abraham Razack201092007620243 15 2024-2025200020211995201320256202310 31202212 20 592023920253 7324320212 2520253 7 2025 813,000,000627 2024-202590 111,100,0001488 Alberni Development Holdings Limited Partnership1488 Alberni Investment Limited Partnership644,900,000 20255 30258.4%398,100,0002024346,300,000202456,700,00050%Assets Builder Investments Limited10%220,100,000101,900,000223,500,000813,000,0002024 101,900,000(iii)(v)202461,900,000 2024-2025463,700,000405,700,000(i)346,300,000(ii)52,000,000(iv)34,300,00064,600,000223,500,000113,000,0002123 25 27 29 3120253 315%67%231620% Greycoat Place20253 3118%225,300,00020243 31136,200,000 90.1%Alberni Street10%28%18%2024230,800,00050%220,100,00020%82023-20242025620253 3120253 3120253 31 20253 3141%20253 318,500,000202411,000,00049,700,00020253 312,158,400,0000.46720,100,00020253 31 12,400,000202422,800,00047,900,00059%79,100,0002024121,000,00041,200,00020249,400,00020241,400,000926,200,00047,700,00020253 310.412024204,000,000759,600,000391,300,00025,300,000 2024-2025813,000,000202533156,500,0002025331926,200,00047,700,000(1)(2)(3)391,300,000(4)20253 31417,000,000120,000,0001,090,000,000404,500,00020253 31(i)50%18%202450%28%41,300,000202440,800,00084,100,0002024138,500,00084,600,000202491,100,000137,000,0002024225,700,000(ii)20%202420%218,200,0002024242,500,000218,200,0002024242,500,000 20253 311.2019 119202413020253 31907,198,4102.0••• 4.5.(ii)(iii)(iv) 520258 2920258 2820253 31 8420259 320259 34301618518630 4220241715 2024-2025884120253 31113,020,0002024113,020,0001981GBSJP58843.13 20253 31XV352GBSJP1.2.3.20253 314.XV(i)191,588,814(ii)(iii)(ii)(iii)20253 31XV78(ii) (i)(iii)248,800,0002,600,000528,948,01244,075,7811,000,00011,952,564322,347500,000–300,000528,948,01276,186,279261,172,919XV352 XV78(ii)351,400,0005.66%–528,948,01258.30%5,075,7810.55%–11,952,5641.31%822,3470.09%300,0000.03%(i)(iii) 20219 10(i)(ii)(iii)(iv)30%10.58% 2024-202520219 1020319 91030%211.0(i)(ii)(iii)1010%10%84,897,54186,297,54196,017,5419,720,00020253 311.07% 1%0.1%20219 281.0325%10120259 3010120259 30123(i)3(ii) 12125,000,00016,320,00020224 120259 30(i) 20224 120259 30(ii) 2022(iii) 20234 120259 30(iv) 202320244120253312,600,000––––2,600,0001,000,000––––1,000,000500,000––––500,000300,000––––300,0004,400,000––––4,400,0005,620,000––(1,400,000)–4,220,000800,000––––800,000300,000––––300,0001,100,000––––1,100,00011,120,000––(1,400,000)–9,720,000 1.2.3.(i)(ii)(iii)(iv) 2024-2025(i)800,000(ii)300,0008.10 3913.51B(1)(i)(ii)(iii)(iv)(v)A 2024-202520253 720257 1202411 2220256 612(a)13.51B(1)A39A 20253 31(I)Record High Enterprises LimitedRecord High(II)Galaxyway Investments LimitedGalaxyway1.2.20253 313.261,172,919Record HighXV476,186,279XV4.Galaxyway76,186,279 2024-2025XV233362261,172,91928.78%267,775,09329.52%528,948,01258.30%3261,172,91928.78%3261,172,91928.78%376,186,2798.39%476,186,2798.39%4Record HighRecord HighXV261,172,919Galaxyway191,588,814528,948,012XVGalaxyway76,186,279 20253 31XV23 33697%93%69%37%5%20253 3138 2025627 2024-2025• (ii)2023-2024312023-2024 (i)2023-2024202432023-20242023-20242023-20242023-20242 2024-202558A14 20245/5––1/11/1–1/15/5–––––1/15/5–––––1/15/5–––1/10/01/15/5–––––1/15/54/41/11/1––1/15/54/41/11/11/10/01/15/54/41/11/1–0/01/120257 1 2024-20253.13✓✓✓✓✓✓✓✓✓✓✓✓✓✓✓✓ 2025620253 3120256 20%20%37.5%62.5%48%52%20257 1 (i)(ii)(iii)(iv)(v)(vi)(i)(i)(ii)(i)(ii)(iii)20242024(iv)(i)(ii)(i)(ii)(iii)(iv) 2024-2025(ii) (i)2023-2024(ii)(iii) (i)(ii)12(a) 2024-2025(i)(ii)20243 312023-202420249 30202420244 120256 30202410 1202511 30(iii)(iv)(v)(vi)(i)(ii)(iii)(iv)(v)20253 7(i)(ii)(iii)(iv)(v) (I)331 3.0820%20243312024136,200,000 2024-202520253 3120253 3120253 31(i)ii (II) iii(iv)1,726,000 391,300,0006,116,0004,390,000 2024-2025 www.itcproperties.com2024202420248558 212024202410%21 1981(a)(b)info@itcproperties.com 2024-20257980(i)5%(ii)1001,000(852) 2858 2697 C2 2024-2025董事會環境、社會及管治委員會合規部門 2024-2025•••••••••••••••••••••••••••• ••••••••••••••• •••••••• 2024-2025MSCI ••••••••3(2011) 2025202418.820.411.3920265%123 335% 2026 •••••••••45 2024-2025重複使用減少使用業務循環再用回收再用2025202441.231.963.1950.00062,210.212,660.0051.452,2