中国科教产业2025年度报告

(Formerly known as “China Vocational Education Holdings Limited") 2025ANNUAL REPORT Contents目 錄 Corporate Information公司資料2Financial Highlights財務摘要5Chairman’s Statement主席報告6Management Discussion and Analysis管理層討論及分析8Directors and Senior Management董事及高級管理層21Directors’ Report董事會報告28Corporate Governance Report企業管治報告63Environmental, Social andGovernance Report環境、社會及管治報告85 Independent Auditor’s Report獨立核數師報告130 Five-Year Financial Summary五年財務概要233 Definitions釋義234 Corporate Information公司資料 BOARD OF DIRECTORS Executive Directors Mr. Zhang Zhifeng(Chairman of the Board)Mr. Ye YamingMr. Zhang YudeMr. Zou Kang(resigned on August 10, 2025)Mr. Xiao Xiaobing(appointed on August 10, 2025) 張智峰先生（董事會主席）葉雅明先生張裕德先生鄒康先生（於2025年8月10日辭任）肖小兵先生（於2025年8月10日獲委任） 趙麗娟女士MH JP楊英先生丁義先生 Independent Non-executive Directors Ms. Chiu Lai Kuen Susanna MH JPMr. Yang YingMr. Ding Yi AUDIT COMMITTEE Ms. Chiu Lai Kuen Susanna MH JP(Chairperson)Mr. Yang YingMr. Ding Yi 趙麗娟女士MH JP（主席）楊英先生丁義先生 REMUNERATION COMMITTEE 楊英先生（主席）葉雅明先生丁義先生 Mr. Yang Ying(Chairman)Mr. Ye YamingMr. Ding Yi NOMINATION COMMITTEE Mr. Zhang Zhifeng(Chairman)Mr. Chiu Lai Kuen Susanna MH JP(appointed on June 25, 2025)Mr. Yang YingMr. Ding Yi(resigned on June 25, 2025) 張智峰先生（主席）趙麗娟女士MH JP（於2025年6月25日獲委任）楊英先生丁義先生（於2025年6月25日辭任） JOINT COMPANY SECRETARIES Mr. Lin Zhixiang(appointed on November 24, 2025)Ms. Ma Wing Yee(appointed on November 24, 2025)Ms. Lei Yingran(resigned on August 10, 2025)Mr. Cheung Kai Cheong, Willie(CPA, FCCA) (resigned on November 24, 2025) 林志翔先生（於2025年11月24日獲委任）馬詠儀女士（於2025年11月24日獲委任）雷穎然女士（於2025年8月10日辭任）張啟昌先生(CPA，FCCA)（於2025年11月24日辭任） AUTHORIZED REPRESENTATIVES Mr. Ye YamingMs. Ma Wing Yee(appointed on November 24, 2025)Mr. Cheung Kai Cheong, Willie(CPA, FCCA)(resigned on November 24, 2025) 葉雅明先生馬詠儀女士（於2025年11月24日獲委任）張啟昌先生(CPA，FCCA)（於2025年11月24日辭任） REGISTERED OFFICE IN CAYMAN ISLANDS P.O. Box 309, Ugland HouseGrand Cayman KY1-1104Cayman Islands P.O. Box 309, Ugland HouseGrand Cayman KY1-1104Cayman Islands HEADQUARTERS IN THE PRC 中國廣東省廣州市增城區華立路11號廣州華立科技園行政大樓 The Administration Building of GuangzhouHuali Science and Technology TownNo. 11 Huali RoadZengcheng DistrictGuangzhouGuangdong ProvincePRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 40th Floor, Dah Sing Financial CentreNo. 248 Queen’s Road EastWanchaiHong Kong 香港灣仔皇后大道東248號大新金融中心40樓 CAYMAN ISLANDS SHARE REGISTRAR ANDTRANSFER OFFICE Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman KY1-1102Cayman Islands Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman KY1-1102Cayman Islands HONG KONG SHARE REGISTRAR Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th Floor, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong 香港中央證券登記有限公司香港灣仔皇后大道東183號合和中心17樓1712-1716號舖 AUDITOR PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor 羅兵咸永道會計師事務所執業會計師註冊公眾利益實體核數師 Corporate Information公司資料 LEGAL ADVISER AS TO HONG KONG LAW King & Wood Mallesons13/F, Gloucester TowerThe Landmark15 Queen’s Road CentralCentralHong Kong 金杜律師事務所香港中環皇后大道中15號置地廣場告羅士打大廈13樓 PRINCIPAL BANKS CMB Wing Lung Bank Limited16/F, CMB Wing Lung Bank BuildingNo. 45 Des Voeux Road CentralHong Kong 招商永隆銀行有限公司香港中環德輔道中45號招商永隆銀行大廈16樓 廣州農村商業銀行股份有限公司中國廣東省廣州市增城區石灘鎮立新中路81號 Guangzhou Rural Commercial Bank Co., LtdNo. 81 Lixin Middle Road, Shitan TownZengcheng DistrictGuangzhouGuangdong ProvincePRC www.cseindustry.com COMPANY WEBSITEwww.cseindustry.com INVESTOR RELATION CONTACT 電郵地址：ir@hltz.net電話╱傳真號碼：+8620 8290 1822 Email address: ir@hltz.netTelephone/Fax number: +8620 8290 1822 STOCK CODE1756 1756 (1) (1)Adjusted net profit is a non-HKFRSs financial measure, which is derived from the profit for theyear after adjusting net fair value gains on investment properties, imputed interest expenses ondiscount of long-term other borrowings and long-term interest payable due to a related party,imputed interest expenses on discount of long-term other borrowings due to the controllingshareholder of the Company, net exchange losses. (2) (2)Adjusted net profit ratio under non-HKFRSs financial measures for the year is calculated onadjusted net profit under non-HKFRSs financial measures for the year divided by revenue for therespective year. Chairman’s Statement主席報告 Dear Shareholders, 各位股東： On behalf of the Board of directors of China Science and Education Industry GroupLimited, I am pleased to present the annual report of Group for the year endedAugust 31, 2025. 本人代表中國科教產業集團有限公司董事會，欣然提呈本集團截至2025年8月31日止年度的年報。 Over the past 26 years since the establishment of China Science and EducationG r o u p , w e h a v e c o n s c i e n t i o u s l y i m p l e m e n t e d t h e f u n d a m e n t a l t a s k o fstrengthening morality through education, grounding in the Greater Bay Areato cultivate high-quality application-oriented talents through the integration ofindustry and education as well as the c