上海实业环境2025年年报

(Incorporated in the Republic of Singapore with limited liability)(於新加坡共和國註冊成立的有限公司)Stock Code股份代號:807.HK/BHK.SG A NNUA L R E P OR T2025年度報告 CONTENTS Corporate Mission2Corporate Profile3Business Structure4Project Location Map5Overview of Major Projects6Directors’ and Senior Management’s Profile10Chairman’s Statement19Financial Review23Management’s Discussion and Analysis27Corporate Governance Report31Directors’ Statement85Independent Auditor’s Report95Consolidated Statement of Profit or Loss100Consolidated Statement of Profit or Loss andOther Comprehensive Income101Statements of Financial Position102Statements of Changes in Equity104Consolidated Statement of Cash Flows110Notes to Financial Statements112Statistics of Shareholdings205Corporate Information209 CORPORATE MISSION Backed by an established corporate track record, technological excellence and strongmergers and acquisitions capabilities, SIIC Environment Holdings Ltd. envisages itself as aleading operator and investor in the environment industry in the People’s Republic of Chinaby adhering to the development model of integrating industry and finance. In the pursuit ofcompany growth, we remain committed to protecting the planet, conserving the environmentand preserving natural resources. CORPORATE PROFILE BHK. SG,807.HK)2018363.HK)19962010 SIIC Environment Holdings Ltd. (“SIIC Environment”, stock code: BHK.SG, 807.HK) is a top-tier integrated player in China’s water and environmental markets. It is engaged in wastewatertreatment, water supply, sludge treatment, waste-to-energy and other environment relatedbusinesses. Headquartered in Singapore and listed on the Mainboard of SGX-ST, theCompany successfully launched on the Mainboard of SEHK in 2018. Being the controllingshareholder of SIIC Environment, Shanghai Industrial Holdings Limited (“SIHL”, SEHK stockcode: 363.HK) was established in 1996, with infrastructure, real estate and consumer products asthe core businesses. China Energy Conservation and Environmental Protection Group (“CECEP”),an important strategic investor of the Company, is a state-owned enterprise mainly engaged inenergy conservation and environmental protection, which was reorganized and established in2010 with the approval of the State Council. SIIC Environment has shown tremendous growthand continued to increase its market share in China’s environmental market. SIIC Environment is an active investor and operator in the environmental protection industry,with an operating history of more than 15 years in China. Currently, it boasts an overallportfolio of over 250 wastewater treatment and water supply projects, waste-to-energy projectsand sludge treatment projects across 20 provinces, municipalities, autonomous regions andspecial administrative region in China, namely Shandong, Guangdong, Hubei, Hunan, Jiangsu,Shanghai, Zhejiang, Jiangxi, Anhui, Fujian, Guangxi, Ningxia, Henan, Liaoning, Inner Mongolia,Shanxi, Sichuan, Jilin, Heilongjiang and Macau Special Administrative Region. 20250 Leveraging on the Group’s distinctive strategic positioning and business model, SIICEnvironment will continue to expand its business in water and waste-to-energy and proactivelyexplore opportunities in other environmental-related markets such as industrial wastewatertreatment, seawater desalination, sludge treatment and disposal, soil remediation, renewableenergy, water treatment technology and pollution prevention. The Group is committed toexpanding its market share, increasing its scale and efficiency, and consolidating its leadingposition in China’s water and environmental protection industry. Water Treatment and Supply水務處理 Central (Wuhan Business Unit)華中(武漢分部) South (Nanfang Business Unit)華南(南方分部) North (Shandong Business Unit)華北(山東分部) Northeast (Longjiang Business Unit)東北(龍江分部) East (Fudan Business Unit)華東(復旦分部) Ranhill (Industrial Wastewater Business Unit)聯熹(工業污水分部) Waste-to-Energy固廢發電 DIRECTORS’ AND SENIOR MANAGEMENT’ S PROFILE Directors’ Profile Our Board consists of seven members, including four Executive Directors and threeIndependent Non-Executive Directors. Our Board oversees our overall policies, strategies and objectives, key operational initiatives,performance and measurement, internal controls and risk management, major funding andinvestment proposals, financial performance reviews and corporate governance practices.Approval by our Board is required for such matters including but not limited to corporaterestructuring, mergers and acquisitions, major investments and divestments, materialacquisitions and disposals of assets, major corporate policies on key areas at operations,share issuance, dividend and other returns to shareholders, acceptances of bank facilities,annual budget and release of the Group’s financial results. 202513.51B(1) Save as disclosed in this report, there has been no other change in Directors’ biographicaldetails which is required to be disclosed to Rule 13.51B(1) of the Hong Kong Listing Rules