凯顺控股有限公司 年报 2025

（於開曼群島註冊成立之有限公司） *僅 供 識 別 GEM GEM GEMGEMGEM GEMGEM 34516213562656667697072 2929 Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 18–20131304 18317M www.kaisun.hk 8203 2025 2025(IMF)(GDP)3.2%5.0% 202548.52025— 2025(KBS) 2025 20252025(AI)20256—800 2026 2026(2026–2030)2025 2026 1. — 2018202082022120202120231118 2. 110,000300 3. 502023 4. 35,000180Sainsaikhan Consulting Services LLC 2025 1.2025122025 2.2025123.202594.202512—— AI 2025(AI)27.8%2017 202512 3113,055,89534,547,045 202512 313,930,994361,957 9.7012.8%11.1210.029.317,200400 50.8%6,6701.36 3703603,6502,2705,370 15.0%9,2808,070 1,6502,14022.9%470 5,2201,1404,8401,160 1,310390430 1.ASMPT Limited0522— ASMPT Limited2.9888—AI3.9626—4.2688—5.0388—6.0005—7.9618—8.3690—9.0066—(I)(II)10.0700—11.2800—104(1)12.1140— 5,8225,36851403119121181912212320 4,6907,080 2.211 0.090.06 12 101107 3,1803,090 43 583,415,8440.1583,415,8440.1 51 1.2.Anway Enterprises Limited3.Goodstar Development Limited4.Wealth Platinum Limited5.Kaisun Energy Corporation6.7.8.9.10.World Dynasty Holdings Limited11.Double Up Group Limited12.13.14.15.16.Kaisun Energy Managers Limited17.Kaisun Energy Managers (Cayman Islands) Limited 42 2009 1.2.3.Kaisun Esports Limited4.Evoloop Limited5.Girlgamer Limited6.Double Up Group Limited7.World Dynasty Holdings Limited8.Kaisun Energy Management Limited9.Pineapple Media Limited10.Kaisun Energy Corporation11.12.Wealth Platinum Limited13.Anway Enterprises Limited14.15.16.Goodstar Development Limited17.18. 4015 5730 65 TOM KPMG 38 43 65 51564 GEM17.103 18 34 34 20% ———— 4 5%1,500 2016 2016 20162016(10%) 201620162,976,00012,440,0002016395,0001,170,000201613,610,0002.33% 20162016 202320162023 20162023 20162023 202344,046,6057.55% 20232023 2023 2023 2023(i)2023(ii) 121%1%1% GEM120.1%GEM 20232023102023 302023202330 (12) 201620237.53 2023 44,046,6057.55% 2023 (i)(ii) 121%1%1% GEM120.1%GEM 10 3030 1212 (a)(b)(c)(d)(12)(e)(12) (a)(b)(5) 7.53 87(3)(3) 86(3) GEM 15 XV352GEM5.465.67 XV78352GEM5.465.67XV XV23 2. XV23 —— —16%—51% 5% GEMC13561 GEM 44GEM 38 GEM 44 (i)(ii)(iii) 4549 www.kaisun.hk •••• 5051 2025 55 GEM5.05(1)GEM GEM5.05(1)GEM GEM5.05(1) 1620 GEM5.02D GEM5.05(1)GEM GEM5.09GEM5.09GEM5.05(1) GEMC1C.2.1C.2.9 7 *3/3100%*5/5100%*5/5100%*5/5100% * ** –/–—–/–— 100% 5.1515 www.kaisun.hk ••• GEM GEMGEM17.104 GEM17.104 70%30% 1620 ••••• (i) GEM (ii) (iii) (iv) GEM5.05(1) 290 ESG (i)(ii)(iii)(iv)(v)(vi) GEM GEMC1 C.2.1C.2.1C.2.9 GEM5.05(1)5.05(2)5.05A5.285.34 5.36A 17.104 GEM (a)GEM5.05(1) (b)GEM5.05(2)(c)(40%)GEM5.05A(d)GEM5.28(e)GEM5.34(f)GEM5.36A(g)GEM17.104 GEM5.05(1) GEM5.05(1)GEM GEM5.485.67 ESGESG ESG ESG 58 18–20131304admin@kaisun.hk Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111 21 18–20131304admin@kaisun.hk GEM GEMGEM 18–20131304admin@kaisun.hk 62 46,800,0004,700,00052,155,000221,090,00069,637,000 6264 12 (i)(ii) (i) (ii)46,800,0004,700,000 (iii) (i)(ii) 65154 246,800,0004,700,00052,155,000221,090,00069,637,000 2(i)(ii)46,800,0004,700,000(i)(ii) P01162 1. Cricket Square,Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands18–20131304GEM 38 2. GEMGEM622 3 52,155,000221,090,00069,637,000 3046,800,0004,700,000 2. (i) (ii)3046,800,0004,700,000 3. (a) 3. (b) 18 18118 3. (b) 18 ••• 18 • • 97— 97 •• 3. (b) 97— •• 4. 5 (a) 4. (a) (i)(ii) (b) 4. (c) (i) (ii) (iii) ——— 4. (c) (iii) (d) 4. (d) 10%2%–4.5%20%–30%9%–20%15%–25%10%–20%10%–30% 2025 (e) (i) 12 4. (e) (i) ••• 9 4. (e) (i) (ii) (f) (g) 4. (h) 4(y) (i) 15 4. (i) (j) 4. (k) — —— — 4. (l) (m) (n) (o) 12 (p) 4. (q) (r) 4(i) 4. (r) (s) (i) (ii) 1993(a) 4. (s) (iii) (t) (u) (v) (w) 4. (w) 12 4. (w) (x) (y) 4. (y) 12 —————— 30 4. (y) (i)(ii)(iii) — — 90 4. (y) ————— 4. (y) (z) (aa) 5. 4 5. (a) 2 (b) 12329 (c) 1819202512 31 5. (a) (1)(2)(3) 44,214,00083,643,0005,521,000162,000 (b) 5. (b) 53,683,0002024187,405,000242,391,00020 (c) 20,410,00056,857,000202476,188,00052,435,000 (d) 6. (a) 3%3%5,424,0005,322,000 (b) 10%10%1,306,0001,140,000 6. (c) 83%97%19%40% 6. (c) 6. (c) 6. (c) 3,240,0009141,434,000 12 6. (c) 6. (d) (e) 50181,000272,000 6. (f) (g) 7. 1 21 3 7. (a) 7. (b)3 14,800,000871,00031 7. (c) 3 8. ————— 9. 11. 12. 16.5%10% 25% 13. 14. 14. 15(a) 15. (a) 15. (a) (i)1,215,000351,000(ii)(iii)(iv)591,000(v)(vi)(vii) (b) 44 16. 17. 18. 18194,025,00013,036,000506,0009,767,000 10,571,000 19. 371,000156,000521,000162,000 19. 506,0009,767,00018 5,364,000 39(b) 20. 28.8429.84 20. 17% 1.8% 187,405,000241,088,00053,683,000 —9% 9 23. (i)25,298,000136,00050% 26. 44,604,00065,593,000 27. 0–3031–6061–9091–180181–365365 (i)2,556,0002,305,00024% (ii)15%24%15%2