天图投资2024年度报告

: 1973 2024 2420246920284763657172747577177178 01973 202412 312051555015 05 202412 30202412 30 4068B1 23/F–2/3 20245 2320245 23 33191928 202412 30202412 30 H 1617 20245 2320245 23 131 20245 2320245 23 (ACG, HKACG) •8835 1973 www.tiantucapital.com 202310 6 19–2018 3333 20242025 2024 8.93 20IPO2024AUM(603057.SH)(OR.PA)CVC 202413112IPO3217DPI 2024 2025AI+ 202412 31205155501518126202412 3181.5%18.5%202412 31 (1) 2024401.02025(CVC)202413229.7 (1)(2)MOM(3) 202412 31187 3217 20242025(CVC)(PE)(VC) 2%2%20% 202344.6202442.4 (i)(ii)(iii)(iv) 2023813.72024704.7 2023769.12024662.2 202313.4202412.2 (i)(ii) 202370.7202466.7 (i)2022(ii)(iii) 202369.6202467.2 (i)(ii) 202320.0202416.56.0 202319.02024159.5 2024118.9202384.22024 2024893.02023875.7 2023202412 31529.2670.1 2023202412 31826.0628.4 2023202412 318,853.07,178.9(i)(ii)202412 31 202312 31617.020241231332.2 202312 314,230.2202412 313,711.7 202312 3129.1202412 31Tiantu China Consumer Fund I, L.P. (i)(ii) 202312 31124.5202412 3174.8 202312 31359.2202412 31349.2 202312 31119.1202412 311.2 202312 311,117.2202412 311,203.42024 202412 31514.6514.61,011.9(i)1,091.2(ii)1,124.6597.1514.0 202412 31110.3(i)106.0(ii)82.172.5 202412 31319.2(i)230.4(ii)70.0(iii)63.1 202412 31 202312 311,272.9202412 311,023.72024176.770.0 54.5%202312 3156.2% 202412 311,898.8 202412 31 20246 20202411 7HH102.43202411 7 202412 31 202412 31 202412 31 A 1,564.4A202412 31A40%1,072.97.6%A66.3206.2 B 330.0B202412 31B5%992.67.0%B116.770.7 C 155.3C202412 31C40%814.75.7%C223.9C D 90.4D202412 31D40%721.65.1%D167.3D 202412 31 202412 3177202462.8202361.2 20246 282024H2024H20246 1320246 2820246 13202412 31674,800H2024H202412 312024H 6120101202242019520124 30200242002419932000 202010020191002018100201710020161002016100 198571993920175 53201572022420224201012019520124 2020115603721202172002420157 2021-2024100202021VC5020201002019100201810020171002016100 1993720006201411 522015720224201952012220182PEPE 18201711201795120512010120224200992012220061020095002191 20192021 2022 2024100362021202017-2018252017-2018100362017PE10 19947200412201761998820175 592015720224202252019520129 200392006920122200392006519969200361985319969 19898199811 1999520176 5620161220224 20044 1989719926 33202412 2020122023122025120174202011 20146201722014820193 6120245 19877199331993320001220001220243 19877 5120224202310 6 18201611201632014102016420065201410J.P.Morgan SecuritiesAsia Pacific Limited20057200642023119878 1997520015 4420224202310 6 201949996201610201912015122016720136201510 2003620115•• 602019520124 20088201241997720095 1985719878 452019520127 20046201276009583958002797600109 2001620111020149 20176 432021720155 201111201542005201111 20037200411 20062201712 61 53 52PE 59 20224201510 2015102018520146201563000772011520134 201072011500848 2008720117201711 2022411 13.51B (1) 202412 31 2024 • • • 2 2 20245 2320244 123.09D 202412 30202412 63.09D 3.13 3.10(1)3.10(2)3.10A3.10(2) 202412 3020245 23 3.21A.2D.3202412 30202412 30 • • • • 202312 3120246 30 2/2202412 302/2202412 30–2/2 3.25E.120245 2320245 23 •••• 13 20245 231/120245 231/12/22/2 3.27B.320245 2320245 23 ••••• 3/320245 231/120245 232/23/3 (a)(b) 13.92 3140415051606170 2024202412 3020% 44:56 A.2.1 •••• C.2.720241231 C.5.1202312 3120246 3020245 23 D.2(i)(ii)(iii)(iv)(v)(vi)(vii)(viii)(ix)(D.2.2) • • • • • • • •••• 202412 31 (i) (ii) (iii) (iv) (v) (vi) (i)(ii) •• 3.2915 57(10%)(10) (5) (10) (5) (90)(10%) 62(3%)(10)61(2) 4068B1 23/F-2/3ir@tiantucapital.com(086) 0755-36909866(086) 0755-36909834 http://www.tiantucapital.com 4068B1 23/F-2/3ir@tiantucapital.com 202412 31 (i)(ii)(iii)(iv)(v)(vi) 202412 31 10%50%(i)(ii) 202311 1 202412 30202412 30 20245 2320245 23 2024 3.13 20101 1120157 22202310 6 42 6225 (i)(ii)(iii) 20241231 19 202412 31 202412 3150.6%100.0% 5% 13.51B (1) (a)(b) 202412 3118 13 E.1.5 202412 31202412 31 202412 31 20214 26 202412 3114A.53 202412 31 Tiantu China Consumer Fund I, L.P. Tiantu China Consumer Fund I, L.P.ITiantu Executive Partnership, L. P.TiantuExecutiveTiantu GP I LimitedTiantu GP ITiantu Executive2020 1 1Tiantu ExecutiveTiantu Executive LPATiantu Executive LPATiantu GP ITiantu Executive100%ITiantu Advisory Company Limited 202412 31202412 31 14A.55 a)b)c) (i)Tiantu Executive(ii)202412 31(iii)202412 31Tiantu China Consumer Fund I, L.P.•14A.56(2)(4)202412 31• 14A.56• a)b)c)d) 3714A14A 202412 3114A 202412 31XVXV78352 1a.20245 28202410 23202411 12209,170,0002022200220130022025002203 1b.8,750,000680,4851% 2.264,000264,000 3.14,40014,400 202412 31352 202412 31XV23336 1.8,750,0002.0.245%69.9%29.855%70%3.4.99.99%69635.Liberty Yard Limited6.Marvel Horizon Limited 202412 31XV23336 2024H 2024H 20246 282024H2024H20246 13 (a) 2024H(1)(2)(3) (b) (c) 2024H2024HH2024H (d) 2024H20246 28(10)9 (e) 2024H(12) 2024H (f) H2024HHH