佳源服务2025年度报告

246192534485556585960134 20261202026120 2025228 CLKW Lawyers LLP Conyers Dill & Pearman Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman, KY1-1111 Cayman Islands 22979 168-200363601-06 Conyers Trust Company (Cayman) LimitedCricket SquareHutchins Drive, P.O. Box 2681Grand Cayman, KY1-1111 Cayman Islands 1617 20261202026120 1153 http://jy-fw.cn/ 20251231 ESG 2025 2025123125953.0202426954.63.7%2.9%2025123145.7202443.55.1% 20251231821.22024858.84.4%20251231231.22024240.94.0%2025123128.2%202428.1%2024123113.320251231131.5 20241231785.92.6%20251231765.5 2024123111.334.7%202512317.4 2024123161.621.5%2025123148.4 (i)(ii)(iii)20241231858.84.4%20251231821.2 20241231785.92.6%20251231765.5 2024123111.334.7%202512317.4 2024123161.621.5%2025123148.4 (i)(ii)(iii)(iv)(v)(vi)(vii)(viii) 20241231617.84.5%20251231590.0 20241231240.94.0%20251231231.2 2024123128.1%2025123128.2% 2024123126.4%2025123127.3% 2024123119.7%2025123119.6% 2024123150.7%2025123142.4% 202412318.9202512312.2 202412317.0202512316.82.5%20252024 2024123180.82025123170.612.6% 2025123122.82024123119.1 2024123113.320251231131.5 202412318.220251231129.1 2024123122.72025123119.215.4% 20241231111.320251231102.87.6% 20241231350.920251231391.211.5% 2024123156.62025123172.528.1% 2024123178.12025123176.71.8% (i)(ii)(iii)20241231295.620251231313.5 20241231121.720251231122.5 2025123133.9202460.81.720242.543.7% 202512316.5202418.66.5202412.1202512313.9%20244.00%202512316.5202418.6100% 20251231177.720241231305.2202512310.74202412310.61 2025123197.0%2024115.8% (I) (II) (III) (IV) (V) (VI) 20251231 20251231 202492520249302022123120221231500,000,000(i)(ii)(iii)80,000,0002022331 2022720229202332024320247202512 2025123168,414,000 202411132024121320231231 2023727123 202312(a)(b) 20244(2024)0279 20241081242025586,000,000(i)43,000,0001,034(ii)43,000,00020255 109,340,000(i)66,340,000(ii)43,000,00043,000,00020251231 20251231 20251231 20251231 20251231 20251231 20251231 20251231 202512315,49420245,84120251231359.92024386.8 2025 20251231105,08116.43345 342024121020251020215711245914201620202015 59202412101988202220162005201520012004199920011992199919881991 642025228201194020172201072017220247202510(i)(ii) 42202412102008112012112008892021624292014201062014Dental World Ltd 452024121020032006201624292012201620062011 4120241210200820222023201920192016 43202510 20218162008122011420117201582015920217 2006620093 53202510 201812302023122024620101220161220173201811 201512EMBA199720172018 48202510 20042202437020 201210 52202510 2013101820227402008520101020117 20097 5320181 201612182006200832012320124201612 20081 4520232 200772016820171201912202012021420061020073 20046 4020261202015800601 20241228202019201992023112024620057 20251231 34 2025123155 202512312024 20251231618 62220251231 20265152026512202651520265111617 134 2025123117 2025123126 2025123123 202512315824 33(a) 2 0 2 51 23 1289,610,0002024296,902,000 20251231 202512315,49420245,84120251231 2025123130% 20251231 2025228 1924 202512312025123118 20241210 202522820241210 2025123112 3.13 8.10 20251231 20251231 20251231XVXV78352 20251231336XV23 (1)LS (2)20251231VCLCGHLCGHLVCGLXVCGHLVCGLVCL450,162,046 (3)20251231LinktoVCL317(1)(a)317318LinktoVCL450,000,000VCLLinkto162,046 (4)20251231611,709,000 XV23336 2025123132 2025123114A 20251231 13.32B 20251231 20251231 13.51B(1) 202512313447 20251231 2026331 20251231 20251231C1C.2.1 C.2.120241210 C3 20251231 20251231 2025228 1924 http://jy-fw.cn C.2.120251210 20251231 3.13 B.2.2 ESG 20252273.09D 20251231 (1) AA 228A 2025 (1) A C.5.120251231 20251231 (1)2025228 (i)(ii)(iii)(iv)(v)(vi)(vii) 2 20251231 (i)(ii)(iii) 20251231 20251231 20251231 (i)(ii)(iii)(iv)17 20251231 20251231 (i)(ii)(iii)(iv)(v) 20251231 2025123156%44% E.1.520251231 300,000650,000 6 A.2.1 ••••• 20251231 (1) (2) (3) (4) (5) ESG ESG 20251231 4854 20251231 202110820241228 2026120202612024 202512313.2915 20251231 58 168-200363601-06jyfw@jy-fw.cn 202512312025519 5513320251231 20251231 2.1.120251231177,654,000426,799,0002.1.1 1.2. 2.123.1.24(a)21(a) 20251231391,180,00055% •• 20251231306,922,000 20251231 • • • • • • P08509 2026331 893.1.227271319 14 10 29(d) 1 202035221961ConyersTrustCompany(Cayman)LimitedCricket Square,Hutchins Drive,PO Box 2681,Grand Cayman, KY1-1111, the Cayman Islands2020129 34 VCLValuable Capital Group Ltd 20251231 2 2.1 622 4 2 2.1 2.1.1 20251231177,654,000426,799,00027(a)10 (i)VCL (ii) (iii)122,502,000 (iv) (v) 2.1 2.1.1 2.1.2 (a) 2 2.1 2.1.2 (b) 2025123120251231 97202611112026111820271152027111028 2.1 2.1.2 (b) 18 1811818 ••• 18 • • 2 2.1 2.1.2 (b) 97 97 ••(SPPI)•• 2.2 2.2.1 2.3 2.2.2 20%50% 2.2.3 2 2.2 2.2.3 2.2.4 2 2.3 2 2.4 2.5 2.6 (a) (b) 2.6 (c) ••• 2.7 • • • • • 2 2.7 12 2.8 2 2.8 203535 2.9 (a) (b) 310