金茂源环保年度报告2025

目錄 24518244058636465676971135136 44 20257112025711 Campbells Corporate Services LimitedFloor 4, Willow HouseCricket SquareGrand Cayman KY1-9010Cayman Islands 35E&F 1333304–3309 11125 Campbells Corporate Services LimitedFloor 4, Willow HouseCricket SquareGrand Cayman KY1-9010Cayman Islands 183171712–1716 www.kimou.com.cn 20251231 1,680.1286.020.5%134.812.29.9%2025 2025 2026 2026327 2025(IMF)3.3% 1,680.120241,394.1202420.5%134.82024122.620249.9% 20251231501,000320,000158,00094,000307,00095.0%86.9%53.2%55.3%89.9% (i)(ii) 2025123127,50012,87146.8%20244.42025 2025123121257 202511920262620261231215,0002025119202626 20266308,000 (1)(2)(3)1,680.1202420.5% 20241231461.80.80.2%462.6 (i) 20241231290.428.39.8%318.7 (ii) 20241231135.419.014.0%154.4 (iii) 99% 2024123199.89.910.0%109.7 91.1%202491.9% 20241231373.9204.6578.5(i)(ii) 202412311,116.1278.024.9%1,394.1 20241231266.045.217.0%311.2 20241231474.9216.245.5%691.1(i)(ii)(iii) 185.820241231168.610.2% 2024123140.11.33.3%38.8 20241231166.50.7167.2(i)(ii)(iii) (i)(ii)(iii)2024123129.30.20.5%29.5 20241231305.09.63.2%295.42024123121.9%17.6% 20241231139.020.714.9%118.3 20241231166.111.0177.1 2024123159.55.953.7 20241231122.612.2134.8 20251231 2025123120241231794.4764.515 202512313,424.7 20251231262.2%20241231223.7%100% 20251231 777.920241231669.4 202512311,186.7939.320241231886.81,050.6365.320241231309.947.82024123147.83,423.5202412313,074.6 25(iii) 20251231 2025117234,030,891.932025119 202512311,07920241,030185.820241231168.610.2% 20196182025523 20251231267.620241231408.1 56 242001720057——20056— 1989720167 571 35 3030(Forbes 30 Under 30)72023112025612024112025711 201420152019 52 1997Aberystwyth University1998200220022019201920212021 61 321993620151020011 1986719975200112 2021102022420224202346032792023520246 20217 622019618 2009720187(SIGS) 198661990619968 200420122014 51202331 199820092005200750020137312015151062015226201510 1612812022812202492002611 2015727185 6620241123 New Era Trust 19982007201072016 2008320223202238155202090413 20231220242027 56 35 52 27 4920214 232222TCL00100834295201932025106732001 20186282004(1)(2)(3)16 (a) (b) (c) 6370 2026327202415 202651920265222026522 2026518183171712–1716 20251231 11 2025123125 29 676829 20251231944,685,000853,258,0002024410,929,000380,520,000 60,000 20251231 20257112025711 16.216.18 3.133.13 2025123148.07%13.17 13233(b) 9697131133833 969889 13.2013.2113.22 2019618 (a) (i) (b) (i)(ii)(iii) (c) 10%112,000,000 (i)10%10% (i)10%10% 30%30% 112,000,00010.1% (d) 121%1% (i) (ii) (e) 1 (f) (g) (ii) (iii) (h) 20197162029715 2025523(i)(ii)(iii)2025526 55,387,500 20251231571XVXV78352C3 202512311,107,750,000 (2)XV (3)XV (4)468,0005,628,000XV 20251231XVXV78352 20251231XV23XV336 202512311,107,750,000 (2)XV (3)2022726XV 239,400,00012,520,000251,920,000 20251231XV336 622D 18XV 30.0% 16.4%49.8% 5% 202512311,079 20196182025523 92936(b) 13113333 14A14A 33 C1C.2.1 C.2.1 4057 202412312024 2024 202411202024 20251231 2026327 C1 C3 C.2.1C.2.1C.2.1 2025711 2025711 2025711 3.103.10A3.133.13 16.2 16.1816.216.3 3.213.233.21 —202412312025630 — — — — — 3.25 E.1.2(c)(ii) ———— E.1.5 3.133.10(2) ———2026——— 202512311,079746333423661,037710327 2025123113.92 •••18•• A.2.1 2025 202282921 3.2915 20251231 •••• (i)(ii)(iii)(iv)(v)(vi) (a)(b)(c)(d)(e)(f)(g)(h) 1,878,0001,352,000 12.3 (a) (b) (c)2121 llq@kimou.com.cn (a)(b)llq@kimou.com.cn(c)(d) 35E&Fllq@kimou.com.cn https://www.kimou.com.cnhttps://www.hkexnews.hk 6313420251231 20251231 38285 ——— (i)(ii)(iii)(iv)(v)(vi) • ••••• IP Ka MingP083222026327 20251231 20251231 20251231 20251231 20251231 20251231 20251231 1. (a) 1(c) (b) 20251231 20251231794,445,000 1(f) 2 1. (C) (i) 202511 21 (ii) 979717910718195 1 1 22—23 1028 120261122027113 20247181818 1820271118 1. (d) 1(k)(ii) (e) 1. (f) 30(e) (g) 1(k)(ii) 2050 1(u)(i) (h) 1(k)(ii) 1. (h) 20320510310 (i) 1(k)(ii) 5 310 (j) (i) 12 1. (j) (i) 1(k)(ii) (ii) 1(u)(i) 1. (k) (i) — — — —121212 — 12 — — 1. (k) (i) 30 90 1. (k) (i) ————— (ii) 1. (k) (ii) (l) (m) 1(u)1(n) (n) 1(k)(i) 1. (o) 1(k)(i) (p) (q) 1(x) (r) (i) (ii) (s) 1. (s) (t) (u) 1. (u) 12 15 (i) 10 1. (u) (ii) 1015.73 30 1. (u) (v) 1. (w) (x) (y) 2. 30 1(b) 3. (a) 3(b) 2025123110%2024 3. (b) — — — (i) EBITDAEBITDA 202520241231 3. (b) 3. (b) (iii) (c) (i)15 20251231795,550,0002024974,843,000 15121 3. (c) (ii) 12 4. (a) 6. (a) (b) 6. (b) 5%30,0001,000 (c) 7. (a) 7. (b) (i) 202512312024 25% 20241220271220251120281120251120281115% 20251231 (ii)20251231202512318,674,00020249,820,000 (iii)20081110%25%5%202312315% 8. 383(1)2 8. 383(1)2 20251231920242024 9. 202482024 2024 10. (a) 134,779,0002024122,611,0001,107,750,00020241,107,750,00