嘉宏教育科技有限公司2025年年报

246719296380125132134136138140211 Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 2701 288212106 Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 183171712–1716 1–2 1519 1 Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands www.jheduchina.com 1935 97927 (1)(2)(3)(4)(5)(6) 55,152 980.8952.6438.4302.3 45 ––5–1–1–1–4–13–4335 461864· 375 171+X 2711 85 5132 •3•6•2•3•9•4 • •200 •20 13 (i)(ii)(iii)(iv)(v)99.6%79.6% 1. • 2. • 3. •California SchoolCalifornia School • 4. • 980.83%952.6 353.632%467.872.0327 627.223%484.9 77.71.679.3 8.30.77.6 128.315.7144.04.65 45.457.6103.080.620.5 422,000 305.641.6% 84.53.3 302.331.1% 225.727.9% 843.01,378.9535.9914.7675.594.2233.3 681.51,596.2914.7(i)527.9943.5(ii)2,3781,1471,178 943.5 732,800,000 0.23 3,0372,419376.3 825.6 138 1 18 118 4.925.3517.037.0 9165459 65 74 40 40 37 59 49 73 61 6138 6314 6215 5228 5128 13.51(2)13.51B(1) 288212106 1 132135 3.213.22 545 718 1.2.3.4.5. 80124 5961 13 300,000,00030,000,000,0000.011,600,830,00024 10 251361372,504.0 183171712–1716 1.5400,000,0006001.5830,0001.2524461 (i)(ii)415 943.5 (1/3)(3)(1/3)(3) 84(2) 1928 3.13 596189 29 29 B.(1) 30%5% 71%60% 5% 553.1% A. WFOEsWFOEsWFOEs IIII(i) WFOE 1(ii) WFOE 1(iii) WFOE 1(iv)WFOE 1(v) WFOE 1(vi)(vii) WFOE 1WFOE 2(viii) WFOE 1III(i) WFOE 2(ii) WFOE 2(iii) WFOE 2(iv)(v)(vi)(vii) WFOE 2(viii) WFOE 2II(i)WFOE 1WFOE 2(ii)IIIIWFOEs (1)B.– (2) B.– (2) (3)B.– (3) (4)B.– (4) (5)B.– (5) (6)B.– (6)B.– (7)(7)B.– (8)B.– (9)(8)B.– (8)B.– (10)(9)WFOEsB.– (11) B. (1) (i) WFOE 1(ii) WFOE 2 WFOEs(i)(ii) WFOEsWFOEs(i)(ii)(iii)WFOEs(i)(ii) (2) (i) WFOE 1(ii)WFOE 2(iii) WFOE 1WFOE2WFOE 1(a)(b)(c)(d)(e)(f)(g)(h) WFOE 1WFOE 2(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m) WFOE 1WFOE 2(i)WFOE 1WFOE 1(ii)WFOE 2WFOE 2(iii)WFOE 1WFOE 1WFOE 2 WFOE 1WFOE 2WFOE 1WFOE 2 (3) (i) WFOE 1(ii) WFOE 2WFOEsWFOEsWFOEs WFOEsWFOEsWFOEs (4) WFOE 1WFOE 2IIIWFOE 1WFOE 2WFOE 1WFOE 2I WFOE 1WFOE 2WFOE 1WFOE 2 (5) WFOE 2 (6) WFOE 1(a)(b)(c)(d)(e)(f)WFOE 1(g)(h)(i)(j) (i) WFOE 1WFOE 1(ii)WFOE 1WFOE 1WFOE 1 (7) WFOE 1WFOE 1 WFOE 1 (8) WFOE 2WFOE 2(a)(b)(c)(d)(e)(f)(g) WFOE 2(a)(b)(c)(d)(e)WFOE 2(f)(g)(h) (i) WFOE 2WFOE 2(ii)WFOE 2WFOE 2WFOE 2 (9) WFOE 2WFOE 2 WFOE 2WFOE 2 (10) WFOE 2WFOE 2 WFOE 2WFOE 2 (11) (i) WFOE 1(ii)WFOE 2WFOEsWFOEs C. D. (i)(ii) E. (1) (a)(b) (a)(b) 50% (2) (i)(ii)California School (3) (4) (i) (ii) (i)(ii)10%(iii)(iv)(v)(vi)(vii) F. E. (a) (b)(c)(d)(e)(f)WFOEs (a) (b) (c) (d) G. H. WFOEs 14A14A (1)(2)(3) (i)(ii)(iii) 1.2.3.4. 2914A14A 13.51B(1)13.51(2)(a)(e)(g) XV78352 1.Guo’s Investment Holdings LimitedGuo’s Investment HoldingsLimited378,000,0002.Shu’s Investment Holdings LimitedShu’s Investment HoldingsLimited216,000,0003.Feng’s Investment Holdings LimitedFeng’s Investment HoldingsLimited216,000,0004.Chun’s Investment Holdings LimitedChun’s Investment HoldingsLimited120,000,0005.ZXL Investment Holdings LimitedZXL Investment Holdings Limited120,000,0006.CNS Investment Holdings LimitedCNS Investment HoldingsLimited60,000,000 XV352 XV23336 1.Guo’s Investment Holdings LimitedGuo’s Investment Holdings Limited 4.5.Feng’s Investment Holdings LimitedFeng’s Investment Holdings Limited6.Chun’s Investment Holdings LimitedChun’s Investment Holdings Limited7.8.ZXL Investment Holdings LimitedZXL Investment Holdings Limited9.10.Cao’s Investment Holdings LimitedCao’s Investment Holdings Limited11. 1.100% XV23336 18 160,000,00010% 1. 2. (a)(b)(c)(d)(e)(f)(g)(a)(f)(h)17.03A 3. 160,000,00010% 4. 121% 5. 10 6. 7. 1.00 8. (a)(b)(c)5 9. 160,000,000 1492.4 C.2.1 C.5.1 3.103.10A 3.13 B.2.2 84(2) C.1.4 A.2.1 a)b)c)d)e)f) (a)(b)(c)(d)(e) – –13.51(2)3.13 – – –183171712–1716 –(i)(ii)(iii)13.51(2) – – 3774 0.4:1 (a)(b) 125131 (1)(2)(3)(4)(5)(6) (i)(ii) 15 (i)(ii)(iii) 58 212150% 288212106jhedu@jheduchina.com (i)(ii)(iii)(iv) 1. 1.1 – <> C2 1.2 1.3 1.4 jhedu@jheduchina.com 2.ESG ESGESG ESGESGESG ESG ESG 2.1 3. ••••••••••••••••• 3.1 (NOx)(SO2)(PM) 202530%32%2025 •3%• 8,66720249,2270.6320240.762 •••202517%10%•LED•3%•5%6%•23%•26%9%• 3.2 •202433%3% • •202510%8% • •••••LED•••3026420••••8%5%• • ••••6%5%5%•6% 3.3 ••• 50% 2016 50%70% 4. 4.1 4.1.1 ••••• • • • • 202512 312,92420242,2810.4:120240.5:1 202512 317%20247% 4.1.2 20232024 20251 4.1.3 ••••• 2,13220241,10173%202448%49202438 4.1.4 4.2 4.2.1 <> 2282024244 4.2.2 20VBSEERPERPERP 1. 2. 12 3.ETTBL 361027 1.2025 2. 129 3.AI 4.2.3 <> • • • • • • <> 2(2024:318(2024:7 4.2.4 3,20920242,750 Do 5. ESGESG 5.1 •13•47•8 5.1.1 5.2 202512 31 5.3 ESG 5.4 5.4.1 1,000 220252025122023 3202512202320244GWPIPCCAR6GWP56202558,076(202459,479 5.4.2 5.4.3 5.4.4 20253% ••• Ernst & Young27/F, One T