新宇环保2025年年报

436 2025ANNUAL REPORT Contents目錄 2Corporate Information公司資料4Chairman’s Statement主席報告7Management Discussion and Analysis管理層討論及分析7Financial Highlights財務摘要9Business Review業務回顧16Financial Review財務回顧375-Year Financial Summary五年財務概要40Profile of Directors and Senior Management董事及高級管理層簡介48Corporate Governance Report企業管治報告99Report of the Directors董事會報告125Independent Auditor’s Report獨立核數師報告132Audited Financial Statements經審核財務報表132Consolidated Statement of Profit or Loss綜合損益表133Consolidated Statement of Profit or Loss andOther Comprehensive Income綜合損益及其他全面收益表134Consolidated Statement of Financial Position綜合財務狀況表136Consolidated Statement of Changes in Equity綜合權益變動表137Consolidated Statement of Cash Flows綜合現金流量表139Notes to the Financial Statements財務報表附註 CORPORATE INFORMATION公 司 資 料 註冊成立地點開曼群島 PLACE OF INCORPORATIONCayman Islands 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 總辦事處及主要營業地點 HEAD OFFICE AND PRINCIPALPLACE OF BUSINESS Rooms 2110-2112Telford House16 Wang Hoi RoadKowloon BayKowloonHong Kong 香港九龍九龍灣宏開道16號德福大廈2110-2112室 董事會 BOARD OF DIRECTORS Executive DirectorsMr. XI Yu (Chairman and CEO)1, 5, 7Ms. CHEUNG Siu Ling1Ms. LIU Yu Jie1Ms. JIANG Qian1Mr. HON Wa Fai1, 5 執行董事奚玉先生（主席兼行政總裁）1, 5, 7張小玲女士1劉玉杰女士1蔣倩女士1韓華輝先生1, 5 Non-executive DirectorMs. XI Man Shan Erica 非執行董事奚文珊女士 獨立非執行董事楊宏偉先生3, 4,6, 9何祐康先生2, 3, 5, 8向玲女士2, 3, 4,5 Independent Non-Executive Directors Mr. YANG Harry3, 4, 6, 9Mr. HO Yau Hong, Alfred2, 3, 5, 8Ms. XIANG Ling2, 3, 4, 5 1Member of Executive Committee2Member of Audit Committee3Member of Nomination Committee4Member of Remuneration Committee5Member of ESG Committee6Chairman of Audit Committee7Chairman of Nomination Committee8Chairman of Remuneration Committee9Chairman of ESG Committee 1執行委員會成員2審核委員會成員3提名委員會成員4薪酬委員會成員5環境，社會及管治委員會成員6審核委員會主席7提名委員會主席8薪酬委員會主席9環境，社會及管治委員會主席 上市規則規定之授權代表張小玲女士韓華輝先生 AUTHORISED REPRESENTATIVESUNDERTHE LISTING RULES Ms. CHEUNG Siu LingMr. HON Wa Fai 公司秘書韓華輝先生 COMPANY SECRETARYMr. HON Wa Fai 獨立核數師國富浩華（香港）會計師事務所有限公司 INDEPENDENT AUDITORCrowe (HK) CPA Limited 股份登記過戶處 SHARE REGISTRAR ANDTRANSFER OFFICES 總處 Principal 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 香港分處卓佳證券登記有限公司香港夏愨道16號遠東金融中心17樓 Hong Kong Branch Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 法律顧問有關香港法律樂博律師事務所有限法律責任合夥有關中國法律北京永瑞律師事務所 LEGAL ADVISERS As to Hong Kong LawLoeb & Loeb LLP As to PRC LawBeijing Yongrui Law Firm 財務顧問八方金融有限公司 FINANCIAL ADVISEROCTAL Capital Limited 主要往來銀行 PRINCIPAL BANKERS 中國銀行股份有限公司交通銀行（香港）有限公司江蘇銀行股份有限公司南京銀行股份有限公司蘇州銀行股份有限公司香港上海滙豐銀行有限公司渣打銀行（香港）有限公司 Bank of China LimitedBank of Communications (Hong Kong) LimitedBank of Jiangsu Co., Ltd.Bank of Nanjing Co., LtdBank of Suzhou Co., LtdHongkong and Shanghai Banking Corporation LimitedStandard Chartered Bank (Hong Kong) Limited 上市資料 LISTING INFORMATION 股份本公司已發行股份於香港聯合交易所有限公司上市及買賣 SharesThe issued shares of the Company are listed and traded onThe Stock Exchange of Hong Kong Limited Stock Code00436 股份代號00436 每手買賣單位20,000股 Board Lot20,000 shares 公司網址及投資者關係聯絡 CORPORATE WEBSITE AND INVESTORRELATIONS CONTACT Website:www.nuigl.comEmail:comsec@nuegl.comTel:(852) 2435 6811Fax:(852) 2435 3220 網址：www.nuigl.com電郵：comsec@nuegl.com電話：(852) 2435 6811傳真：(852) 2435 3220 Chairman’sstatement主 席 報 告 I present herewith the annualreport of New UniverseEnvironmental Group Limited (the“Company”) and its subsidiaries(collectively referred to as the“Group”) for the year ended31 December 2025. 本人謹此呈報新宇環保集團有限公司（「本公司」）及其附屬公司（統稱「本集團」）截至二零二五年十二月三十一日止年度之年報。 致各位股東： Dear Shareholders, 二零二五年度對本集團而言，仍是一個充滿營運及財務挑戰之年度。江蘇省之環保服務行業競爭激烈，價格壓力及需求乏力持續影響本集團之核心業務，包括工業及醫療廢物之處理與處置，以及於電鍍專區內提供電鍍污水處理及相關基礎設施服務。儘管這些上述不利因素直接影響本集團之收入表現，我們在二零二五年度始終堅定不移地推行果斷措 施，以 遏 止 虧 損、提 升 營 運 韌 性，並 為 本集團重新實現持續盈利奠定基礎。年度淨虧損減少顯示本集團在此關鍵調整過程中取得了實質進展。 The year of 2025 marked another period of operational and financialchallenges for the Group. The environmental services sector inJiangsu Province remained highly competitive, with pricing pressuresand subdued demand continuing to affect our core businesses inthe treatment and disposal of industrial and medical waste, and theprovision of plating sewage treatment and related infrastructure servicesin our eco-plating specialised zone. While these persistent headwindshave directly impacted our top-line performance, our focus throughout2025 was unequivocal to implement decisive measures that stemmedlosses, enhanced operational resilience, and positioned the Groupfor a return to sustainable profitability. The decrease in the net lossdemonstrates tangible progress in this critical recalibration. For the year ended 31 December 2025, the Group’s revenuedecreased by 0.2% to HK$348,