途虎-W2024年度报告

2571641456387202207208209211213216300301 97927 1526 18127 183171712-1716 PO Box 309, Ugland HouseGrand Cayman KY1-1104Cayman Islands ir@tuhu.cn 1999248 www.tuhu.cn 18346 9690 Maples Fund Services (Cayman) LimitedP.O. Box 1093, Boundary HallCricket Square, Grand Cayman, KY1-1102Cayman Islands AB 14,368,284A67,918,860B48.4% BABA67,918,860AA9.0% 8A.22BB (i)8A.17(a)(b)(c)(d)(ii)8A.18BB(iii)B8A.18(2)(iv)BA (1)EBITDA (1) (2) 20243.5%3.2%1 202414820231368.5%20243725.4%20230.7 20243523.6%20230.720246.24202329.7%202413202329.2%202475 APP20241.47052%60%49%20241,200APP2,410202317.2%24.8% ++2024100%GMV123.0+ 202411(CIIE)410 20241,3005,70020241220231.9 11%20247342 2024AIAIAI20241010 2025DeepSeek-R1V3AIAIAI APP202495%22023121220241262.3%3 202420246,874965 20243181,759266%7220241,000 2024420248202430%60%202448% 202420241 10.42.51.4202450% 2024AIAIAI 202425%20241290%6 202420248ExtremeContactXC7618•202460% 202420232024200%2024 20248 2024FormulaRS5 2024270% 20242024286%282024402079%202430% -30°CMOLL 2024202499%202450%202410%50% 2024202430%40%27%+ 20242024GMV130% 20242024270105%11%30% 20248002024C 2024243306066,87420240.54.5% 58%2024579% 2024111550% 2024 20249202516.850 2024 20247 202420232024425262024313IPOA25,077,9003.1% 20242025 2025320 2024123120231231 20241231148202312311368.5% (1)(2)(i)(ii) 20231269.1%2024138(i)202310510.2%2024116(ii)2023779.97.8%2024840.9(iii)20231,381.41.9%20241,408.1 2023954.32024957.0(i)(ii)SaaS 20241231110202312311027.5% 2023978.7%2024106(i)(ii) 20241231372023123134 2023123124.7%2024123125.4%(i)0.3(a)(b)(c)2024(ii) 2024123162.020231231118.447.6%2024 20231231600.44.0%20241231576.6(i)(ii) 20231231579.610.4%20241231639.8(i)(ii)AI 202312311711.8%2024123119(a)(b) 20231231420.215.5%20241231354.9(i)44.3(ii) 20241231183.420231231128.542.7% 202412312023123165A 202412315.22023123124.679.1%2023 20241231482.0202367 20241231762023717.8% (1) (2)(i)(ii) 20231231668.7%202472(i)20231231549.5%202460(ii)20231231415.910.9%2024461.1(iii)20231231729.22024734.9 20231231491.53.5%2024474.1SaaS202312315,757202412316,716 20241231572023538.2% 20231231519.1%202455(i)(ii) 2024123119202318 2023123125.2%2024123124.9%0.32024(i)(a)(b)(c)(ii) 2024123141.0202335.116.6%2024 20231231328.410.6%20241231293.5(i)(ii) 20231231281.719.9%20241231337.7(i)(ii)AI 20231231873.115.5%202412311,008.1(a)(b) 20231231234.728.1%20241231168.8(i)32.4(ii) 2024123193.0202366.939.0% 20241231202365A 202412310.4202314.097.3%2023 20241231197.7202366 EBITDAEBITDA EBITDA EBITDAEBITDA (i)(ii)(iii)(iv) 20241231226.120231231218.23.6%202320245 (i)(ii)(iii) 20241231462.120231231496.16.9%(i)2024(ii)20242024 2024123149202312312786.5% 2024123145202312313914.7%20231192024132 202412311620231231175.4%(i)(ii)20242023 (1)(2)(3)(4)EBITDAEBITDA(5) 202412312023123168202412317510.1% 2024123113487.2(i)142.1154.5156.2(ii)570.8116.6290.1 202412312479321.357116.3 20241231241.0248.0134.4156.7 20241231 20241231321.720231231362.011.1% 2024123167.920231231208.867.5% 20241231 20241231 202412314,491202312314,72920241231172023123117 20241231 4320197 201062011920099201052008520095IT20063200712200522006120037200512013 20037 53201910 200920112008200920062007200162006620002001 1993719999 4220188201910 20228388820191031420116201010201162005220088 200272005620107 5820239 2057ZTO2018120185202410WRD2017311NeogloryHoldings Group Co.Ltd.20145201619988BABA2009920104Home Inns & Hotel Management Inc.HMIN20164201042014419988200981992219987Home Inns & Hotel Management Inc. 1991819942012 20239 20241000241520191120247NIO9866NIO20131120191139086019952010720131160178861782005320106 2001720047 4320239 20201Agora,Inc.API20235241620216ATRenew Inc.RERE20182202012014102018220092014Agora, Inc. 2003720051220103 422019920243 201572019936902014112015620117201482010720117 200572008 412021720227 2021720227201820212015201820142015Merrill Lynch (Asia Pacific) Ltd.20082014 200810 20211220201912202112183320177201912078020169201762015620169 20126201312 20 199412200211 20241231 C120241231C.2.1 C3 20241231 20241231 20241231 3.13 C.2.1 C.1.4 20241231 (1) C.5.1 14 202412316 C.2.7202412311 3.21 3.10(2)3.21 202412312 (i)20231231 (ii)2024 (iv)(v)(vi)20241231(vii)20241231(viii) 20241231 3.25E.1.2(c) 12311 (i) (ii) E.1.520241231 010,000,000310,000,00120,000,000120,000,0001 2024123110 20241231 1/11/11/1 8A.27 12311 (i)(ii)(iii)(iv)(v)20241231 1/11/11/1 (i) (ii) (iii) (iv) (i)(ii)(iii)(iv)18 2025123130% 2024123163%37%202520241231 8A.30A.2.1 20241231 (i) (ii)8A.178A.148A.15 8A.188A.24 (iii)(iv)(v)(vi)8A.35(vii) (i)(ii)(iii) 20241231 1/11/11/1 20241231 20241231 20241231 (i)(ii) 211410% (i) (ii)212121 (i)(www.hkexnews.hk)(www.tuhu.cn) (ii) (iii) ir@tuhu.cn) 20241231 2.07A (www.tuhu.cn)(www.hkexnews.hk) 20.7 (www.tuhu.cn) 20241231 (www.hkexnews.hk)(www.tuhu.cn) 10%50% 20241231 2024123115 20241231 1,273.3 20241231 1 2024123