创业集团控股年度报告2025

Stock Code: 2221(Incorporated in the Cayman Islands with limited liability)  Corporate Information2Chairman’s Statement4Management Discussion and Analysis7Biographical Details of the Directors andSenior Management38Report of Directors42Corporate Governance Report74Independent Auditor’s Report97 Consolidated Statement ofProfit or Loss andOther Comprehensive Income103Consolidated Statement ofFinancial Position105Consolidated Statement ofChanges in Equity107Consolidated Statement ofCash Flows109Notes to the Consolidated FinancialStatements112Five Years Financial Summary256 CORPORATE INFORMATION 202412 31 EXECUTIVE DIRECTORS Mr. Zhu Yongjun(Chairman of the Board)Mr. Pan YiminMr. Lee Tsi Fun Nicholas (resigned on 31 December 2024) 202412 1120248 16 NON-EXECUTIVE DIRECTORSMr. Lin Jiakuang (removed on 11 December 2024)Dr. Ge Xiaolin (retired on 16 August 2024) INDEPENDENT NON-EXECUTIVE DIRECTORS Ms. Du YunMr. Lo Chun Chiu, AdrianDr. Tong Ka LokMr. Choy Wai Shek, Raymond,MH, JP AUDIT COMMITTEE Dr. Tong Ka Lok(Chairman)Mr. Lo Chun Chiu, AdrianMr. Choy Wai Shek, Raymond,MH, JP NOMINATION COMMITTEE Mr. Lo Chun Chiu, Adrian(Chairman)Dr. Tong Ka LokMr. Choy Wai Shek, Raymond,MH, JPMr. Zhu YongjunMs. Du Yun (appointed on 30 June 2025) 20256 30 REMUNERATION COMMITTEE Mr. Choy Wai Shek, Raymond,MH, JP(Chairman)Mr. Lo Chun Chiu, AdrianDr. Tong Ka LokMr. Pan Yimin COMPANY SECRETARY 202511202412 31 Ms. Chu Yin Yin Georgiana (appointed on 1 January 2025)Mr. Lee Tsi Fun, Nicholas (resigned on 31 December 2024) 202511202412 31 AUTHORISED REPRESENTATIVES Mr. Zhu YongjunMs. Chu Yin Yin Georgiana (appointed on 1 January 2025)Mr. Lee Tsi Fun, Nicholas (resigned on 31 December 2024) REGISTERED OFFICE Windward 3, Regatta Office ParkPO Box 1350, Grand CaymanKY1-1108Cayman Islands Windward 3, Regatta Office ParkPO Box 1350, Grand CaymanKY1-1108Cayman Islands 193B HEADQUARTERS, HEAD OFFICE AND PRINCIPALPLACE OF BUSINESS IN HONG KONG Office B, 3/F, Kingston International Centre19 Wang Chiu Road, Kowloon Bay, Hong Kong CORPORATE INFORMATION INDEPENDENT AUDITOR 202542888 Asian Alliance (HK) CPA LimitedCertified Public AccountantsRegistered Public Interest Entity Auditors(appointed on 28 April 2025)8/F, Catic Plaza8 Causeway RoadCauseway BayHong Kong 202542311125 BDO Limited(resigned on 23 April 2025)25/F, Wing On Centre111 Connaught RoadHong Kong 18323201 LEGAL ADVISERS As to Hong Kong lawLlinks Law OfficesRoom 3201, 32/F Alexandra House18 Chater RoadCentral, Hong Kong 2206–19 As to Cayman Islands lawAppleby2206–19, Jardine House1 Connaught PlaceCentral, Hong Kong 333 PRINCIPAL BANKERS Industrial and Commercial Bank of China (Asia) Limited33rd Floor, ICBC Tower3 Garden RoadCentralHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350, Grand CaymanKY1-1108, Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350, Grand CaymanKY1-1108, Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17th Floor, Far East Finance CentreNo. 16 Harcourt RoadHong Kong 2221 STOCK CODE2221 http://www.primeworld-china.com COMPANY WEBSITEhttp://www.primeworld-china.com CHAIRMAN’S STATEMENT Over the past year, the Group’s environmental protection business particularlyin food waste treatment has maintained steady development. While activelyexpandingnew projects,we have significantly reduced operating coststhroughtechnological upgrades and enhanced management practices.However,due to tightened fiscal conditions across various localgovernments in Mainland China, the amount of outstanding governmentpayments has continued to increase, posing new challenges to the growthofour environmental segment.In response,the Group will seek totransformits business model and advance technological innovation toidentify new revenue streams, reduce reliance on government payments,and ensure the sustainable development of its projects. 20246202412202412202572025 The Group’s new energy anode materials business is operated through itssubsidiary, Shenzhen Huamingsheng. Due to market fluctuations and therising costs of production factors such as factory rent, labor, and electricityin Shenzhen, and in light of a cooperation agreement reached betweenHuamingsheng and the Deyang Economic and Technological DevelopmentZonein Sichuan Province,the Group decided in June 2024 to ceaseoperations at the Shenzhen facility and relocate to Deyang. By December2024,the major equipment from the Shenzhen plant had beensuccessfullyrelocated,and a new project company was registered inDeyangat the end of the same month.Equipment installation andcommissioning are expected to complete by the end of July 2025, withproduction anticipated to commence in thefourthquarter of 2025. CHAIRMAN’S STATEMENT Huamingshengalso holds a 30%equity interest in Xi’an HantangMingsheng, which in turn has a sub