皓天财经集团二零二五年度报告

皓天財經集團控股有限公司（於開曼群島註冊成立之有限公司）股份代號：012602025 年度報告 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .34. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .39. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .47. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .52. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .55 728K11 ATELIER King‘s Road 8 Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3Building D, P.O.Box 1586Gardenia Court, Camana BayGrand Cayman KY1-1110 Cayman Islands 1617 999 Grand PavilionHibiscus Way802 West Bay RoadP.O. Box 31119Grand Cayman KY1-1205Cayman Islands 1260 http://www.wsfg.hk 41.266.5 IPO800IPO IPO 75%18CGEM 41.266.5239.1190.820.2% (i)(ii)(iii)(iv)190.8235.418.9%92.578.018.6% 3.712,0001.9) 5.45.30.553.017.232.40.247.938.530.5 31.4213.7793.1506.3 0%0% 525.426.0 IPO IPOESGESG IPO 17446.745.5 1617 611122Sapphire Star Investments Limited51% 252023/2024 62235(Advanced Management Program)IPC Corporation LimitedMetech International Limited(CentillionEnvironment & Recycling Limited) 51G.T.Investment Limited 41171643 57IPO 34 5 4548134136 LED 27ESGESG 32 23 14 27 22 9.6%2.4% 10.2%3.2% 5% 3.13 622470391(1)(a) XVXV78352 1.Sapphire Star Investments LimitedSapphireStarSapphire Star100%Sapphire Star 2. 3. (ii) Sapphire Star100%Sapphire Star XVXV78352 XV23336 1.Sapphire Star Group LimitedSapphire Star100%Sapphire Star Group LimitedSapphire Star 2.58,712,0006,904,000 3.TMF (Cayman) LtdSapphire StarGroup Limited100%Sapphire StarSapphire Star Group Limited100% XV235% Sapphire Star Sapphire Star 28 2733 A.2.1 A.2.1 1315 4 3.13 (a)(b)(c) ••• (a)(b)(c)(d) 3944 1. 2. 3. (a)(b)(c)(d)(e)(f)(g) 15 (2)(21) www.wsfg.hk999 13.39(4) 27 A. 25 1. 303,779246,2358.30 726 2. 27,079 3. B. 1. 485 2. 3. 4. 5. 6. 7. 8. 45136 • • 213285,069,00038,529,000 32 • • • • • • P06143 (i)(ii)(iii)(iv)(v)3(vi)3(i)(ii)(vii)3 1. 22Sapphire StarInvestments Limited 34 2. 5 161 177 2. 21297397310281113184 1234 18 18111877331818 3. 2161716236 3. ••• ••• 3. 3636 3. • 3. • (a)(b)(c) 3. 3. 16 12 3. 15 9 3. 3. 3. 3. 15 3. •• •• 3 3. ••• (i) 3. (ii) (iii) 3. 9 121212 12 3. (i) ••••• 30 3. (i) (1)(2)(3) (ii) 90 3. (iii) ••••• (iv) 3. (v) 3. 3. 3. 3. 3. 3. 3. 3. (a)(i)(ii)(iii)(b)(i)(ii)(iii)(iv)(v)(vi)(a)(vii)(a)(i)(viii) 3. (a)(b)(c) 4. 3 4. 1932 2132 85,069,00087,508,00038,529,00030,521,000 5. 15 5. 5. 3 5. 5. 5. 5. 5. 90%90% 10% 6. 7. 8. 10. (a) 1234 10. (a) (b) 10. 11. 28.25%216.5%16.5% 25% 11. 12. 13. 14. 525,414,000 221736 12 15. 2460 50 15. 53,000,00061,000,0002 25,974,000 16. 10,000384,000 17. 12,200,00012,200,000 18. 19. 26,960,00030,895,00018,907,00017,320,000910509,000 32 1.3,438,0006,389,0001,083,00019,592,000 3325,002,0004,278,000 3.4.80%5.75% 35,754,000744,000348,000 20. 21. 32 22. 3033484.00%5.50%3.28%5.88% 32 23. 1360 25. 8,752,0003,122,000 26. 26. 298,671,000297,365,00030,123,00030,376,0006,196,000 27. 0.01 10,000,000,000100,000 0.01 1,151,454,00011,515 28. 30% 121% 28. 120.1%5,000,000 12810(i)(ii)(iii) 2,319,0004,000,000 29. 5%1,500 1,075,0001,794,000 30. (i) 30. (ii) 2460 31. 32. 55,403,00046,458,000 5%2,770,0002,323,000 32. 22 2021 5%4,545,0004,375,000 32. 5%5%5%5% 32. 32. 32. 9 5.79%5.76% 32. 1,629,0008,177,0005,768,0005,141,000 38,529,00030,521,000655,00034,945,000 32. 122,271,000 32. 1212 32. 32. 32. 33. 1.2.Fortunate Sun Investment Limited 33. 34. 34.