远东宏信中期报告2023

1666608 9 www.fehorizon.com 1666608 3360 1831717121716 +5002000 20 (1)=+(2)=(3)=(4)=(5)=(6)=(7)=(8)=(9)=(10)30=30(11)121,9092,5203,936(12)6,6512.05 1. 1.1 59.305.5%3.043.7%23.074.3%33.196.4%4.5%6.3% 20.102.1%11.463.7%8.640.1%2.8222.768.2%19.758.1%3.018.4%24.313.8%7.2%6.0%7.9% 3.8%1.7%4.2%4.1%6.5%6.4%15.5%12.9%10.1%7.3%6.6% 13.393.9%7.9%6.9%5.0%11.9213.3%9.9716.5%1.950.6% (M2)11.3%9.0%0.2570.10.1150.1 1.2 3.8%4126620331 3.0%2.1%7.2%3.8%23.849.2963.9%50%21.4%1,42117.1%56.3%4.8% 7.4%78.42GW154%6%35%2.7% 1.3 20239,5409,8403005.7720225.858401.44% 1.4 415200414 291.1 36ABS IRN 2. 2.1 +3,070,7248.19% (1) 2.2 18,361,80717,715,8543.65%11,557,34662.65%0.34%11.17% 18,361,80717,715,8543.65% 11,557,34662.65%12.949.09%56.19% 68.9011.17%42.0617.97%22.9016.16% 46.93%47.56%7.02%6.67%37.35%34.83% 2.2.1 10,517,9045.39%11,084,83760.09% (1) (2) (3) (4) (5)28,950,56729,000,8051,294,4321,186,5969% 271,227,7971.28%274,693,818 8.07%7.76%0.31(i)(ii) 2.2.2 1,078,48156.19%472,5092.56% 2.2.3 6,197,942692,3026,890,24437.35% (1)12.1 (2)13.1 2.3 9,909,2268,808,71612.49%5,008,76950.55%4,425,67513.18%4,900,45749.45%4,383,04111.80%2,769,81926.22%1,861,06011.97% 2.3.1 (1) (2) 4,425,675583,0945,008,7694.26% (i)0.02%(ii)0.03%(iii)0.11%(iv)0.09% +(i)(ii)(iii) 2.3.2 2.4 8,452,5818,907,138454,5575.10%46.03%50.28% 2.4.1 (1) (3) (4) 3.81%625312.2.12.3.10.27%1.28%4.49%74.42% (2)13.1 2.5 3.3 (2)0.8 (4)0.8 2.6 3,529,882451,47311.34% 41.76%44.70% 2.7 47,269250,17881.11%120,34266,162 2.8 532,069557,1434.50% 2.9 5,282,515260,7654.70%(i)16,1610.27%638,83377.48%(ii)271,32055.85% 2.10 (1) 2.7 (3) 2.11 1,501,33165,9074.59% 30.1% (1) 2.12 3,070,724232,4158.19% 2.13 0.730.057.35% 3. 3.1 361,362,85214,367,3554.14%278,786,7458,185,8553.03% 3.2 75.25% 3.2.1 (1) 3.2.2 (1) (1)(i)(ii)(iii) (2) 288.80290.21 3.2.3 3.2.4 53.32% 3.2.5 55.64% 3.2.6 3.2.6.1 30 13 6.53%7.00%0.47 44.09%6.38% 13.68%10.71% 13.25%9.28% 11.54%5.79% 1.05% 30.93%0.72% 20.51%2.31% 15.05%1.22% 12.49%1.57% (1) 3.2.6.2 3.2.6.3 (1) 597,304254,930175,00077,92835,5576,495,0241,097,344 3.2.6.430 30 300.91% 30 30 3.3 611,479890,57231.34% 611,479890,57231.34% 3.4 21,382,3842,432,427 3,368,930 6,331,517 24,434,79418635 9,003,5605,279,935 8,508,23836.024.0 3,175,363159,126 268,495 1,867,598 3.5 304,900,34910,346,2743.51%87.98%85.33%2.65 3.6 + ABS SLL 268,197,588251,327,4806.71% 57.20% 81.68% 78.76% 81.70% 33.32% 3.7 56,462,5034,021,0817.67% 0.4947,327,470 8.7 (2) (i)55203005 (ii)2522300 (iii)2300250 (iv)1300250 (v) (vi) 3.8 1Universe Trek Limited300,000,0002.5%296.68.241.007.75038.337.927.587.116.59169.5127.1 2Universe Trek Limited250,000,00024610.011.007.761410.209.769.168.5095151 100.00%200,0001,000 569,336,71213.19%11.65% (i)(i)1,670,000(ii)27,831,189(iii) Idea ProsperousLimited868,947,897Idea Prosperous Limited (ii) 8 3.9 4,000,000,0001237 4. 4.1 84.38% 4.2 8 5.003.56 1.221.25 5. 1,428,236 6. 6.1 10%94% 1.05% 6.2 6.3 6,1726,176100.06%96.57% 6.4 (2)=+++ (3)=++ 6.5 HSE 7. 32,447,8098,078,053622,1468,488,918809,9111,111,146 8. 1.1 2210080% 32(4A) 9. 18,31023,0134,703 51.6%8.5% 9.1 9.1.1 2(i)(ii) 3(i)5.86(ii)5.81 4(i)6.88(ii)7.17 (i)5.60(ii)5.714 6(i)6.820(ii)6.7146.8 7(i)7.36(ii)7.0327.18 9 9.1.2 1 2(i)(ii) 3(i)7.40(ii)7.618 4(i)6.480(ii)6.700 5(i)8.202(ii)8.40 (i)6.340(ii)6.378 33,847,9300.0081 35,7304,5552,3842,38426,407 9.1.3 385,283,994 12i.ii.iii.iv.36.34450,771,8985 243,58938,16315,70915,709174,00884,783 9.2 10. 10.1 10.2 (1) 11. + + 12. EBITDA =++0.050.681.25 (2)=++ (3)EBITDA=+++0.080.0511.8110.89 9930 KHLIRN10015.9220 419415200191,0004 42.0617.97% (1)25.068.67% (2)11.418.11% (3)5.59173.94% 13. 1.1+ (1) (2)16.6218.61 (3) (4) 571XVXV78352 (1)L (2)13,169,59915,392,05344,073,3241,670,000 (3)Idea Delicacy Limited272,237,06240,726,000159,670,000107,503,000197,945,00090,866,835Idea Prosperous Limited (4)4,220,2647,226,41316,383,571586,000 (5)(1)New Trace Limited1,067,000New Trace Limited(2)Capital Rise Limited314,775,100(3)Capital Lead Limited50,000,000Capital Bridge LimitedCapital Rise LimitedCapitalLead LimitedCapital Bridge LimitedDCP Capital Partners, L.P.DCP Capital Partners, L.P.DCP General Partner, LtdDCP GeneralPartner, LtdDCP Partners LimitedDCP Partners LimitedDCP, Ltd.DCP, Ltd.Julian Juul Wolhardt50% (6)3,533,2647,226,41316,013,883 XVXV78352 XV23336 (3)(2)(4)(3)(5)2(6)2(7)Aim Future LimitedAim Future LimitedGold Stone Enterprise LimitedCantrust (Far East) LimitedThe Gold Stone I TrustGold Stone Enterprise Limited100%(8)2(9)Idea Delicacy LimitedIdea Delicacy LimitedSunshine Trust Company Limited(10)(5)(11)2 336 C.2.1 C.2.1 C.2.1 3.10(1)3.10(2)3.10A 3.213.22 0.492,052,340,786.65 13.51B(1) Ernst & Young27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong 111200343434 2410 34 1. Fully Ascent LimitedFar Eastern Hong Xin