恒嘉融资租赁二零二五年年报

Corporate Information公司資料2Chairman’s Statement主席報告4Management Discussion and Analysis管理層討論及分析5Corporate Governance Report企業管治報告21Directors’ Profiles董事簡介33Directors’ Report董事會報告36Independent Auditor’s Report獨立核數師報告46Consolidated Statement of Profit or Loss綜合損益表51Consolidated Statement of Profit or Loss andOther Comprehensive Income綜合損益及其他全面收益表52Consolidated Statement of Financial Position綜合財務狀況表53Consolidated Statement of Changes in Equity綜合權益變動表55Consolidated Statement of Cash Flows綜合現金流量表56Notes to the Consolidated Financial Statements綜合財務報表附註58Financial Summary財務摘要148 CORPORATE INFORMATION公司資料 董事會 執行董事王力平先生（主席兼行政總裁）蕭偉斌先生陶可先生吳天墅先生 BOARD OF DIRECTORS Mr. Wong Lik Ping(Chairman and chief executive officer)Mr. Siu Wai BunMr. Tao KeMr. Ng Tin Shui 獨立非執行董事梁耀鳴先生胡啟騰先生吳國生先生林藹茵女士 Independent Non-executive Directors Mr. Leung Yiu Ming DavidMr. Wu Kai TangMr. Ng Kwok SangMs. Lam Hoi Yan Karen 公司秘書蕭偉斌先生 COMPANY SECRETARYMr. Siu Wai Bun 授權代表王力平先生蕭偉斌先生 AUTHORISED REPRESENTATIVESMr. Wong Lik PingMr. Siu Wai Bun 審核委員會胡啟騰先生（主席）吳國生先生梁耀鳴先生 AUDIT COMMITTEEMr. Wu Kai Tang(Chairman)Mr. Ng Kwok SangMr. Leung Yiu Ming David 薪酬委員會吳國生先生（主席）王力平先生胡啟騰先生 REMUNERATION COMMITTEE Mr. Ng Kwok Sang(Chairman)Mr. Wong Lik PingMr. Wu Kai Tang 提名委員會胡啟騰先生（主席）吳國生先生林藹茵女士 NOMINATION COMMITTEE Mr. Wu Kai Tang(Chairman)Mr. Ng Kwok SangMs. Lam Hoi Yan Karen 核數師中匯安達會計師事務所有限公司 AUDITORZhonghui Anda CPA Limited 法律顧問CLKW Lawyers LLP LEGAL ADVISERCLKW Lawyers LLP 主要往來銀行 PRINCIPAL BANKERS 香港：香港上海滙豐銀行有限公司集友銀行有限公司中國銀行（香港）有限公司交通銀行（香港）有限公司星展銀行（香港）有限公司 In Hong Kong:The Hongkong and Shanghai Banking Corporation LimitedChiyu Banking Corporation LimitedBank of China (Hong Kong) LimitedBank of Communications (Hong Kong) LimitedDBS Bank (Hong Kong) Limited 中華人民共和國（「中國」）：交通銀行中國銀行 In the People’s Republic of China (the “PRC”):Bank of CommunicationsBank of China REGISTERED OFFICE 註冊辦事處 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香港灣仔杜老誌道6號群策大廈22樓2203室 HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS Room 2203, 22/F.Kwan Chart TowerNo. 6 Tonnochy RoadWanchai, Hong Kong 股份過戶登記總處 PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE 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 香港股份過戶登記分處 HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 卓佳證券登記有限公司香港夏慤道16號遠東金融中心17樓 Tricor Investor Services Limited17/F., Far East Finance Centre,16 Harcourt Road,Hong Kong 股份代號379 STOCK CODE379 公司網址http://www.egichk.com WEBSITEhttp://www.egichk.com CHAIRMAN’S STATEMENT主席報告 致各位股東： Dear Shareholders, 本人謹代表中國恒嘉融資租賃集團有限公司（「本公司」）董事（「董事」）會（「董事會」）提呈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（「二零二五年」）之年度報告。 On behalf of the board (the “Board”) of directors (the “Directors”) of ChinaEver Grand Financial Leasing Group Co., Ltd. (the “Company”), I herebypresent the annual report of the Company and its subsidiaries (collectively, the“Group”) for the year ended 31 December 2025 (“2025”). Looking back at 2025, while external uncertainties included escalatinggeopolitical tensions and shifting economic, financial and trade policiesof individual major economies, the Group maintained its revenue atapproximately HK$100 million and recorded its loss of HK$85.9 million.The Group offloaded some of real estate properties in the Mainland China toreplenish the required liquidity of the Group and address the increasing marketrisk of the properties. Furthermore, regarding the litigation involving the Groupover the past two years, an arrangement to resolve the dispute was reached bythe end of 2025. 回顧二零二五年，儘管外部不確定因素包括地緣政治緊張局勢加劇以及主要經濟體的經濟、金融及貿易政策發生變化，本集團仍維持其收入在約100,000,000港元，並錄得虧損85,900,000港元。本集團出售若干位於中國內地的物業，以補充本集團所需的流動資金並化解物業所面臨的日益增長的市場風險。此外，關於過往兩年涉及本集團的訴訟，已於二零二五年年底達成和解安排。 經營業績 RESULTS OF OPERATIONS 分銷分部於二零二五年錄得淨虧損13,400,000港元（二零二四年：19,300,000港元）。生產分部於二零二五年錄得淨虧損12,800,000港元（二零二四年：4,700,000港元）。投資分部於二零二五年錄得淨虧損11,800,000港元（二零二四年：20,500,000港元）。融資租賃分部於二零二四年錄得淨虧損14,300,000港元。經計及(i)二零二五年企業及其他支出以及財務成本17,500,000港元（二零二四年：19,900,000港元），(ii)二零二五年分攤聯營公司業績所得虧損30,400,000港元（二零二四年：2,100,000港元），(iii)二零二五年若干未分配其他收入、收益及虧損之淨收益35,000港元（二零二四年：淨虧損85,000港元），及(iv)二零二四年所得稅開支19,000港元，本集團於二零二五年錄得淨虧損85,900,000港元（二零二四年：80,800,000港元）。 The distribution segment recorded a net loss of HK$13.4 million in 2025(2024: HK$19.3 million). The manufacturing segment recorded a net loss ofHK$12.8 million in 2025 (2024: HK$4.7 million). The investment segmentrecorded a net loss of HK$11.8 million in 2025 (2024: HK$20.5 million). Thefinancial leasing segment recorded a net loss of HK$14.3 million in 2024.After accounted for (i) the corporate and other expenses and finance costsof HK$17.5 million in 2025 (2024: HK$19.9 million), (ii) a loss arising fromshare of results of associates of HK$30.4 million in 2025 (2024: HK$2,1millio