中国万桐园年报2025

China Wan Tong Yuan (Holdings) Limited (Incorporated in the Cayman Islands with limited liability)Stock Code: 6966 CONTENTS 53Independent Auditor’s Report59Consolidated Statement of Profit or Loss and OtherComprehensive Income60Consolidated Statement of Financial Position62Consolidated Statement of Changes in Equity63Consolidated Statement of Cash Flows65Notes to the Consolidated Financial Statements 2Corporate Information4Financial Summary6Chairman’s Statement9Management Discussion and Analysis20Corporate Governance Report34Biographies of Directors and Senior Management40Directors’ Report CORPORATE INFORMATION公 司 資 料 BOARD OF DIRECTORSNon-executive DirectorMs. Zhao Ying(Chairman) Executive Directors 2025828202581 Ms. Li XingyingMs. Wang WeiMr. Yang Yun(appointed on 28 August 2025)Mr. Huang Peikun(resigned on 1 August 2025) Independent Non-executive Directors Mr. Cheung Ying KwanDr. Wong Wing Kuen AlbertMr. Choi Hon Keung Simon (HKICPA) AUTHORIZED REPRESENTATIVES Ms. Li XingyingMs. To Yee Man (HKICPA) (HKICPA) COMPANY SECRETARYMs. To Yee Man (HKICPA) AUDIT COMMITTEE Dr. Wong Wing Kuen Albert(Chairman)Mr. Cheung Ying KwanMr. Choi Hon Keung Simon NOMINATION COMMITTEE Ms. Zhao Ying(Chairman)Mr. Cheung Ying KwanMr. Choi Hon Keung Simon REMUNERATION COMMITTEE Dr. Wong Wing Kuen Albert(Chairman)Mr. Cheung Ying KwanMs. Zhao Ying REGISTERED OFFICE 2nd FloorThe Grand Pavilion Commercial Centre802 West Bay Road, P.O. Box 10338Grand Cayman KY1-1003Cayman Islands 2nd FloorThe Grand Pavilion Commercial Centre802 West Bay Road, P.O. Box 10338Grand Cayman KY1-1003Cayman Islands Corporate Information公司資料 HEADQUARTER IN CHINA 48 No. 48, Louzhuang Road,Langfang Development Area,Langfang, Hebei, PRC PRINCIPAL PLACE OF BUSINESSIN HONG KONG 30266A02 Unit 6A02, 6/FWah Kit Commercial Centre302 Des Voeux Road CentralHong Kong AUDITOR Deloitte Touche TohmatsuRegistered Public Interest Entity Auditor LEGAL ADVISER TO THE COMPANY Jeffrey Mak Law Firm(as to Hong Kong laws) PRINCIPAL BANKER Hang Seng BankChina Construction Bank www.chinawty.com COMPANY WEBSITEwww.chinawty.com PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE TMF (Cayman) Ltd.2nd FloorThe Grand Pavilion Commercial Centre802 West Bay Road, P.O. Box 10338Grand Cayman KY1-1003Cayman Islands TMF (Cayman) Ltd.2nd FloorThe Grand Pavilion Commercial Centre802 West Bay Road, P.O. Box 10338Grand Cayman KY1-1003Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17/FHopewell Centre183 Queen’s Road EastWanchai, Hong Kong 6966 STOCK CODE FINANCIAL SUMMARY財 務 概 要 Notes: 1.2.3.4.5.6. CHAIRMAN’S STATEMENT主 席 報 告 書 Dear honourable shareholders, During 2025, the Group was principally engaged in the sale of burial plots, provisionofother burial-related services,provision of cemetery maintenance services andprovision of funeral services. 2025 Zhao Ying,Non-Executive Director and Chairman Dear Shareholders, As the seasons turn and new chapters unfold, we find ourselves in atime of harvest and hope. On behalf of the board of directors (the“Board”) of the Company and my personal own, may I extend myheartfelt gratitude and best wishes to all shareholders, investors andfriends from all sectors for your long-lasting caring and support inthis glowing and blooming season! 202512 312025202526.011.8 Iam pleased to present the audited consolidated financialstatements of the Company and its subsidiaries (collectively referredto as the “Group”) for the year ended 31 December 2025. In 2025,theburial industry faced both opportunities and challenges,withburialservices accelerating their development toward greaterecological sustainability, smart technology, and cultural refinement.Wan Tong Yuan always adheres to the core strategy of “seekingprogress while maintaining stability and achieving long-term successthroughquality”.It has forged new paths amid shiftingcircumstances and pursued innovation while upholding its principles,continuouslyoptimizing its business structure to drive high-qualityand sustainable development across all operations of the Group. In2025, affected by the macroeconomic and external environment, theoperating revenue of the Company amounted to RMB26.0 millionand,coupled with factors such as the increase in tax costs andimpairmentof certain assets,the loss attributable to shareholdersamounted to RMB11.8 million. Chairman’s Statement主席報告書 Focusing on Principal Business to Build aNew Framework for Life Services 2025 Facingdemographic changes and escalating service demand,WanTong Yuan continued to strengthen the foundation of its business.Withland-saving and ecological burial practices as its core,supported by smart services and humanistic memorials, and driven byqualityenhancement and brand building,the Company built amodern life service system. In 2025, the land-saving ecological zonewithin Wan Tong Yuan achieved a deep integration of