维港环保科技2025年年报

CONTENTS 2 3 6 7 8 25 32 108 125 134 253 COMPANY PROFILE 維 港 環 保 科 技 控 股 集 團 有 限 公 司20251231551,303,500390,000 Weigang Environmental Technology Holding Group Limited (the“Company”) together with its subsidiaries (the“Group”) are theleadingcomprehensive hazardous waste incineration turnkeysolution provider in China. As at 31 December 2025, the Group hascompleted 55 hazardous waste incineration projects with aggregatedesigned disposal capacity of 1,303,500 tonnes per annum, and3 ongoing hazardous waste incineration projects with aggregatedesigned disposal capacity of 90,000 tonnes per annum. The shares of the Company had been listed on the Main Board ofStock Exchange on 3 January 2019. 20191 3 Leveragingits experience and expertise in hazardous wasteincineration, the Group has expanded its offerings to other areasof solid waste treatment, such as thermal desorption of oil sludge,pyrolysis treatment of solid waste and cement plant parallel kilncotreatment. The Group will continue to focus on the technology innovationto maintain its advanced technology and strong R&D capability.Tocapture the opportunities brought by the policies for thedevelopment of the environmental protection industry and the hugedemand of industrial enterprise to comply with increasingly tighterenvironmental protection policies, the Group will leverage on itstechnology advantage to expanding its business into more andmore new areas, and devote itself to become a leading solid wastetreatment solutions provider in China. CORPORATE INFORMATION DIRECTORS AND SENIOR MANAGEMENT DIRECTORS Executive Directors 20263 21 Mr. Cai Zhuhua(Chairman)Mr. Dong HonghuiMr. Li Kaiyan(Chief Executive Officer)Mr. Gu Chunbin (resigned on 21 March 2026) Independent Non-executive Directors Mr. Chi WeijunMr. Xiao HuiMs. Xiao Jingui AUDIT COMMITTEE Ms. Xiao Jingui(Chairman)Mr. Chi WeijunMr. Xiao Hui REMUNERATION COMMITTEE Mr. Xiao Hui(Chairman)Mr. Dong HonghuiMs. Xiao Jingui NOMINATION COMMITTEE Mr. Cai Zhuhua(Chairman)Mr. Xiao HuiMs. Xiao Jingui JOINT COMPANY SECRETARIES 20263 2120264 120263 21 Ms. Pang Hui (appointed on 21 March 2026)Ms. Xu Anli (appointed on 1 April 2026)Mr. Gu Chunbin (resigned on 21 March 2026) CORPORATE INFORMATION AUTHORISED REPRESENTATIVES Mr. Cai ZhuhuaMs. Pang Hui (appointed on 21 March 2026)Mr. Gu Chunbin (resigned on 21 March 2026) 20263 2120263 21 AUDITORS AND REPORTING ACCOUNTANTS 7288 Baker Tilly Hong Kong LimitedCertified Public AccountantsLevel 8, K11 ATELIER King’s Road728 King’s RoadQuarry BayHong Kong REGISTERED OFFICE 190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands 190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands HEADQUARTER AND PRINCIPAL PLACE OFBUSINESS IN THE PRC 181A414 14/F, Block A4No. 181 Science Boulevard Guangzhou,Guangdong ProvinceChina PRINCIPAL PLACE OF BUSINESS IN HONG KONG Unit 3904, 39/F, AIA Tower183 Electric RoadNorth PointHong Kong 183393904 PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE IN THE CAYMAN ISLANDS Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong CORPORATE INFORMATION PRINCIPAL BANK 803 Bank of GuangzhouScience City Branch3/F, Science and TechnologyInnovation Base Complex80 Lanyue RoadScience City, GuangzhouGuangdong ProvinceChina 31 China Merchants BankHong Kong Branch31/F, Three Exchange Square8 Connaught Place, CentralHong Kong STOCK CODE 1845 1845 http://www.gzweigang.com/ COMPANY’S WEBSITEhttp://www.gzweigang.com/ DATE OF LISTING 20191 3 3 January 2019 FINANCIAL SUMMARY For the year ended 31 December 2025, revenue of the Groupamounted to RMB204.8 million, representing a decrease of 15.2%compared with the year ended 31 December 2024. 202512 31204.8202412 3115.2% 202512 3143.4202458.02025123121.2%202424.0%202412 31 For the year ended 31 December 2025, gross profit of the Groupamounted to RMB43.4 million (2024: RMB58.0 million).The Group’sgross profit margin for the year ended 31 December 2025 was21.2% (2024: 24.0%), which decreased as compared to the yearended 31 December 2024. 2024123155.322.9%202512 3177.037.6% For the year ended 31 December 2025, the Group recorded a netloss of RMB77.0 million, with a net loss margin of 37.6%, comparedwith a net loss of RMB55.3 million, with a net loss margin of 22.9%for the year ended 31 December 2024. 202412 3148.62025123163.1 Forthe year ended 31 December 2025,loss attributable toowners of the Company was RMB63.1 million, compared with lossattributable to owners of the Company amounted to RMB48.6 millionfor the year ended 31 December 2024. 202412 310.036202512310.047 Forthe year ended 31 December 2025,basic loss per shareattributable to owners of the Company amounted to RMB0.047,compared