2025年年报

Contents目錄 02Corporate Profile企業簡介03Corporate Information企業資料07Financial Highlights財務摘要08Chairman’s Statement主席報告12Management Discussion and Analysis管理層討論及分析33Major Properties Profile主要物業簡介37Biography of Directors and Senior Management董事及高級管理人員履歷44Corporate Governance Report企業管治報告61Report of the Directors董事會報告87Independent Auditor’s Report獨立核數師報告97Audited Financial Statements經審計財務報表259Five Year Financial Summary五年財務摘要 CORPORATE PROFILE企業簡介 中駿集團控股有限公司（簡稱「中駿」或「本公司」）連同其附屬公司（統稱「本集團」）成立於一九九六年，二零一零年二月其股份在香港聯合交易所有限公司（「香港聯交所」）主板上市（股份代號：1966）。本集團主要業務包括物 業 開 發、商 業 管 理、物 業 管 理 及 長 租 公 寓業 務。本 公 司 運 營 總 部 設 於 上 海，並 實 施 以長 三 角 經 濟 圈、環 渤 海 經 濟 圈、粵 港 澳 大 灣區、海峽西岸經濟圈及中西部地區為重點的聚焦發展戰略。 China SCE Group Holdings Limited (“China SCE”or the“Company”),together with its subsidiaries (collectively, the“Group”), wasestablished in 1996 and with its shares listed on the Main Board ofThe Stock Exchange of Hong Kong Limited (the“Hong Kong StockExchange”) in February 2010 (Stock Code: 1966). The Group’s majorbusinesses include property development, commercial management,property management and long-term rental apartments business. TheCompany is headquartered in Shanghai for its business operations,while implementing regional focused development strategy in theYangtze River Delta Economic Zone, the Bohai Rim Economic Zone,the Guangdong-Hong Kong-Macao Greater Bay Area, the WestTaiwan Strait Economic Zone and the Central Western Region. 本 集 團 的 物 業 項 目 分 佈 在 北 京、上 海、天津、重慶、成都、蘇州、杭州、南京、鄭州、青 島、濟 南、廈 門、南 昌 及 昆 明 等55個 城市，產 品 涵 蓋 高 層 住 宅、辦 公 樓、購 物 中 心及長租公寓等多種物業類型。本公司以「專築您的感動」為關鍵價值主張，「創建智慧生活，讓幸福觸手可及」為使命。 The Group’s property projects are distributed in 55 cities, includingBeijing, Shanghai, Tianjin, Chongqing, Chengdu, Suzhou, Hangzhou,Nanjing, Zhengzhou, Qingdao, Jinan, Xiamen, Nanchang andKunming, etc. Its products cover a wide range of properties includinghigh-rise residential buildings, offices, shopping malls and long-termrental apartments. The Company upholds“We Build to Inspire”as its key value proposition,“Creating Smart Living to Help SeizeHappiness”as its mission. As of 31 December 2025, the Group together with its joint venturesand associates owned a land bank with an aggregate plannedgross floor area (“GFA”) of approximately 21.15 million squaremetres (“sq.m.”). In the future, China SCE will continue to securethe regional leading position by implementing more proactive andprudent development strategies. 於二零二五年十二月三十一日，本集團及其合營公司及聯營公司擁有總規劃建築面積合共約2,115萬平方米的土地儲備。未來，中駿將以更積極穩健的發展策略，持續鞏固區域領先地位。 CORPORATE INFORMATION企業資料 董事會 BOARD OF DIRECTORS 執行董事 Executive Directors 黃朝陽先生（主席）陳元來先生（於二零二五年一月二十四日辭任）鄭曉樂先生黃攸權先生張海濤女士 Mr. Wong Chiu Yeung(Chairman)Mr. Chen Yuanlai (resigned on 24 January 2025)Mr. Cheng Hiu LokMr. Huang YouquanMs. Zhang Haitao 獨立非執行董事 Independent Non-executive Directors 丁良輝先生戴亦一先生毛振華先生 Mr. Ting Leung Huel StephenMr. Dai YiyiMr. Mao Zhenhua 公司秘書 COMPANY SECRETARY 李少波先生 Mr. Li Siu Po 授權代表 AUTHORISED REPRESENTATIVES 黃朝陽先生李少波先生 Mr. Wong Chiu YeungMr. Li Siu Po 審核委員會 AUDIT COMMITTEE 丁良輝先生（主席）戴亦一先生毛振華先生 Mr. Ting Leung Huel Stephen(Chairman)Mr. Dai YiyiMr. Mao Zhenhua 薪酬委員會 REMUNERATION COMMITTEE 戴亦一先生（主席）黃朝陽先生丁良輝先生 Mr. Dai Yiyi(Chairman)Mr. Wong Chiu YeungMr. Ting Leung Huel Stephen CORPORATE INFORMATION企業資料 提名委員會 NOMINATION COMMITTEE Mr. Dai Yiyi(Chairman)(redesignated on 23 June 2025)Mr. Mao ZhenhuaMs. Zhang Haitao (appointed on 23 June 2025)Mr. Wong Chiu Yeung (ceased on 23 June 2025) 戴亦一先生（主席）（於二零二五年六月二十三日調任）毛振華先生張海濤女士（於二零二五年六月二十三日獲委任）黃朝陽先生（於二零二五年六月二十三日終止） 企業管治委員會 CORPORATE GOVERNANCECOMMITTEE 黃攸權先生（主席）丁良輝先生毛振華先生 Mr. Huang Youquan(Chairman)Mr. Ting Leung Huel StephenMr. Mao Zhenhua 核數師 AUDITOR 栢淳會計師事務所有限公司執業會計師註冊公眾利益實體核數師 Prism Hong Kong LimitedCertified Public AccountantsRegistered Public Interest Entity Auditor 香港法律顧問 LEGAL ADVISORSAS TOHONG KONG LAWS 趙不渝馬國強律師事務所 Chiu & Partners 註冊辦事處 REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands 中國主要營業地點及總部 PRINCIPAL PLACE OF BUSINESS ANDHEAD OFFICE IN THE PRC 中國上海市虹橋商務區申長路1688弄2號中駿集團大廈 SCE TowerNo. 2, Lane 1688, Shenchang RoadHongqiao Business District, ShanghaiChina CORPORATE INFORMATION企業資料 香港主要營業地點 PRINCIPAL PLACE OF BUSINESS INHONG KONG 香港黃竹坑業勤街39號Landmark South 2502–03A室 Room 2502–03A, Landmark South39 Yip Kan StreetWong Chuk HangHong Kong 開曼群島主要證券登記及過戶登記處 CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands 香港證券登記處 HONG KONG SHARE REGISTRAR 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室 Computershare Hong Kong Investor Services LimitedShops 1712–171617/F, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong 主要往來銀行 PRINCIPAL BANKERS 中國工商銀行股份有限公司中國農業銀行股份有限公司中國銀行股份有限