Inter & Co Inc-A 2025年年度报告和过渡报告

FORM20-F For the fiscal year ended December 31, 2024 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of theSecurities Exchange Act of 1934. No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days. Yes☒ No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or an emerging growth company. Seedefinition of “large accelerated filer,” “accelerated filers,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.(Check one): Large Accelerated Filer☒Accelerated Filer☐Non-accelerated Filer☐Emerging Growth company☐ If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has electednot to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation receivedby any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to Item 17☐ Item 18☐ No☒ TABLE OF CONTENTS Presentation of Financial and other InformationForward-Looking Statements ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS A. Directors and Senior ManagementB. AdvisersC. Auditors A. Offer StatisticsB. Method and Expected Timetable ITEM 3. KEY INFORMATION A. ReservedB. Capitalization and IndebtednessC. Reasons for the Offer and Use of ProceedsD. Risk Factors ITEM 4. INFORMATION ON THE COMPANY A. History and Development of the CompanyB. Business OverviewC. Organizational StructureD. Property, Plant and Equipment ITEM 4A. UNRESOLVED STAFF COMMENTS ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS A. Operating ResultsB. Liquidity and Capital ResourcesC. Research and Development, Patents and Licenses, Etc.D. Trend InformationE. Critical Accounting Estimates ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES A. Directors and senior managementB. CompensationC. Board PracticesD. EmployeesE. Share ownership ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS A. Major ShareholdersB. Related party transactionsC. Interests of experts and counsel ITEM 8. FINANCIAL INFORMATION A. Consolidated statements and other financial informationB. Significant changes ITEM 9. THE OFFER AND LISTING A. Offering and listing detailsB. Plan of distributionC. MarketsD. Selling shareholdersE. DilutionF. Expenses of the issue ITEM 10. ADDITIONAL INFORMATION A. Share capitalB. Memorandum and articles of associationC. Material contractsD. Exchange controlsE. TaxationF. Dividends and paying agentsG. Statement by expertsH. Documents on displayI. Subsidiary information ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK127ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES128 A.Debt securitiesB.Warrants and rightsC.Other securitiesD.American depositary shares 128128128128 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES129ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS129ITEM 15. CONTROLS AND PROCEDURES129 A.Disclosure controls and procedures129B.Management