8128 GEM GEM GEMGEMGEM GEMGEM 35713183245515253555759143144 中國恒有源發展集團有限公司2025年年報 P.O. Box 31119Grand PavilionHibiscus Way802 West Bay RoadGrand Cayman KY1-1205Cayman Islands 62-638 Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3,Building D, P.O. Box 1586, Gardenia Court,Camana Bay, Grand Cayman, KY1-1100Cayman Islands 18317M 183434301-4307 8128 www.chyy.com.hk 47,835,00021,800,0006,163,000 1.20 2.2025102215532411414 3.202525499020114950 5.7 2026-2030 60%-80% 6,163,00047,835,00011,293,00069,629,000 47,835,00069,629,00031.30%6,163,00011,293,000 35,393,00056,912,00037.81% 12,442,00026.02%12,717,00018.27%42.42% 285,0009.8% 36,277,00039,566,0008.31% 7,063,00097,000 7,118,00010,759,0003,641,000 14,557,00010,168,000 38,247,00052,586,000 2.1 GEM1,382,57634,448,000GEM 160,000,00016,000,000,0000.014,526,925,1630.01 77,000,00070,000,000 20%5,215,74013.2234% 4 19319327,489,00028,915,000 20202024 中國恒有源發展集團有限公司2025年年報 47.0%49.0% 47,835,00021,800,00031.30% 63 43 55 46 53 73(EMBA)(i)392(ii)371(iii)154(iv)2326 66(IMWA)(IMWA)SCIMine Water and the Environment 3003105027 57002024 62 47 52 49 44 43 43 42 14 43 ESGESG 37.29%33.03%8.38%9.67%35.84%36.97%17.19%21.60% 5% 2,507,000 13 1,145,000 34 GEM 40 85 GEM17.50A(1) 1) 2) 中國恒有源發展集團有限公司2025年年報 3 4 GEM17.50A(1) GEM5.09 3 3 GEMGEM 89 20202024 485 5%20245%1,50020241,500 571XV(a)XV78(b)352(c)GEM5.465.68 1. (1)4,526,925,16333,384,0004,493,541,163 (2)982,800 (3)UniversalZone LimitedUniversalZone Limited (4) 2. 18 XV23336 1. (2)(2) Universal Zone Limited (1)4,526,925,16333,384,0004,493,541,163(2)1,190,000,000(3)722,170,600(4)253,000,000(5)255,504,000 2. 20202020 2020202020202020 20201.3520202.98%3.01% 202020201% 2020(10) (1)2020 (2)2020202612 31 (3)20202.4 2024 (i)2024(ii)(iii)(iv)(v)202420242024 (i)(ii)(iii) 452,692,516202410%10.09% 45,269,25120241% 12202420241% 20242024202410 202420241220242024(i)(ii) 20242024 2024(i)(ii)(iii) 2024202420242024 2024(10) 452,692,51645,269,251 0% (i)(ii) 2024202410%2024 2025202510% GEM1,382,57634,448,000202447,7041,064,00020251,334,87233,384,000GEM GEM23GEM 22,416,0000.060.03953.85%0.039452.28%1,344,960.00300,651.01 21,352,00033,384,000 GEM GEM 50,000200,000219,260 GEMC1 C.1.5 GEM *GEM5.02D GEM GEM5.09 1. GEM 2. 3. 4. 5. 147 (2)C.1.5 GEM C.2.1 GEM5.28 GEM 1.2.GEM3.4. GEM5.34 GEMGEM23 1. 2. 3. 4. GEM5.36A GEMGEM 1.2.3.4. 1.2.3.4.5. (1)(2)(3)(4)(5)GEM5.09(6) GEM5.14GEM5.1515 GEM5.485.67 (i)(ii)(iii) ESG GEM 1,594,000 GEM 71.4%28.6%81.7%18.3% GEMGEM 58(2)(21) 58 62-63info@chyy.com.hk 62-63info@chyy.com.hk (www.chyy.com.hk) 51142 • • • • • • P07897 1. GEM •••• 1. (i) (ii) 2.1 GEM 2.1 (i)(ii)(iii)(i)(ii)(iii) 2.2 21 2.3 97210281112972183 123 979 2.3 97 7 18 181118187733 181818 2.4 3636 2.4 9 ––– 2.4 (a)(i)(ii)(iii)(b)(i)(ii)(iii)(iv)(v)(vi)(a)(vii)(a)(i)(viii) 2.4 2.4 2.4 16 1616 (a) 50 (b) 2.4 (b) (c) 16 2.4 (i)(ii)(iii) 15 (i) (ii) (iii) 2.4 2.4 • •(a)(b) 9 9 2.4 9 –––– 30 i)ii)iii) 2.4 9 90 (a)(b)(c)(d) – – – 2.4 9 Rider 16 – 2.4 2.4 27 • • 2.4 • • 12 2.4 15 (a) (i) 15 2.4 (b) 2.4 2.4 3. 2 (ii) 3. (a)(b)(c) 124,070,000120,518,000125,664,000131,762,0001413 3. 2221 4. (a) (b) (c) (d) 4. 4. 10% 5. 5. (a) 5. (a) (b) 90 90 (i) (ii) 6. 7. 8. 383(1)(a)(b)(c)(f)2 (a) 8. 8. 8. (b) (1)(2)(3)(4) 9. 8 10. 25% 11. 12. (a) (b) 4,511,051,0814,523,200,048 13. 125,664,000131,762,000 13. 13. 103,861,000107,426,000 14. 122,675,000120,518,000 15 14. 14. 15. (a) 15. (b) 43 2 22 5,367,0006,002,0005 15. 16. 16. 20%5,710,000 17. (a)34%19,618,00021,379,00049%15%938,00046(b) (b)15%7.13%2,401,000 17. 3,235,0002,512,000 19. 20. 131,000658,000 446,227,00038,453,000 2,185,00021,183,00022 21. 45,347,00029,046,00042,136,00010,658,000 30,984,00030,446,000 21. 22. 15(b)51,776,00057,325,000691,00057,785,00062,402,0001,917,0006,923,0007,665,0006,547,0007,070,00044,853,00049,660,00051,328,00055,332,000 22. 551,000 37,951,00055,390,000 22. 22. 23. 24. 25,618,00028,364,00025,618,00027,666,00011,00011,000 25. 26. 8,519,00020242.75%1 38,247,00052,586,000 28. (i)3,659,0003,211,0003.24%7.56%)(ii) 30. 31. 31. 142,919,000112,323,000 32. 32. 34,448,00021,352,0001,384,000959,000 22,416,0001,345,000 33. 20202020 98,000,00020202.18%2.18% 2020202020202020 2020202020201% 2020(10) 20202020 33. 202097,020,0000.038 (a)(b)2024 (i)2024(ii)(iii)(iv)(v)202420242024 33. (i)(ii)(iii) 452,692,5162024202410%2024452,692,51610.07%10.05% 45,269,251202420241%202445,269,2511.00%1.00% 12202420242024202420241% 2024202410 202420241220242024(i)(ii) (i)(ii)(iii) 33. 2024GEM2024 2024202420242024 2024(10) 9,207,000 0.40 34. (a) (b) (c) (d) 35. (a)1% 8,140(198)(4,157) 3,7853,420 35. (b)100%51% 36. 37. 38. 39. 40. (a)