滔搏2024/2025 年度报告

234721313649555657596061116 年度報告 2024/252公司資料Maples Fund Services (Cayman)Boundary Hall, Cricket Square LimitedP.O. Box 1093Grand CaymanKY1-1102Cayman Islands183171712 1716 P.O. Box 309Ugland HouseGrand CaymanKY1-1104Cayman Islands30-34The Edge6M1928226110www.topsports.com.cn2250037 20248,00041.9%20.0%2025135.0%129.6 4年度報告 2024/251,286.03,755.32.92282.0012.0034.12019 5滔搏國際控股有限公司主席報告書4.5%5,0005008,000500 230 2,30095% IP20LEEDIPESGMSCI ESGAA2025521 6年度報告 2024/25GREENBOX 滔搏國際控股有限公司7管理層討論及分析20243.5%8,000 GDP5.0%IP 6.6%3.438.4%2.84.8%20252294.5%20252 282,587.443.5%20.0%202512.0014.0028.00104.2% 8年度報告 2024/2527,012.941.9%1,286.0228202420248311.9%32.3%3,755.32282.002025228135.0%2019129.6 滔搏國際控股有限公司9管理層討論及分析+20252285,02020248 3113.6%10.0% 18.3%12.4%228/2920222023202420258,0067,6956,5656,144906429526258(1,217)(1,559)(947)(1,382)(311)(1,130)(421)(1,124)7,6956,5656,1445,0205.4%(6.8%)(0.8%)(12.4%)9.6%9.2%6.0%7.2% 10年度報告 2024/25+adidas HALOFUTUREOF STYLEJORDAN WORLD OF FLIGHTHOKAKAILAS7.2%+++5002,3001030%-40% 滔搏國際控股有限公司11管理層討論及分析AI+950%17%20%AIAI10%40%50% ++15%GMV4 8,600IPIPIPGREENBOXNBA+93.2%70% 12年度報告 2024/2599TOPIP40% 滔搏國際控股有限公司13管理層討論及分析*#*#8312ZIPSOAR RunningSOAR RunningnordaTM 14年度報告 2024/25Norrøna+ESGMSCI ESGAALEEDIPGREENBOXSDGsESG2025 滔搏國際控股有限公司15管理層討論及分析•••+•ESG202522827,012.91,592.71,286.02024202422928,933.227,012.9***NBAHOKA ONE ONEnorda 2024202422942.8%22941.9%6.6%2282025%23,310.73,504.8145.951.527,012.9100.0%TM 2296.6%20252282292024%86.3%24,834.185.8%(6.1%)13.0%3,890.313.5%(9.9%)0.5%169.90.6%(14.1%)0.2%38.90.1%32.4%28,933.2100.0%(6.6%) 16年度報告 2024/2522820252292024%%23,027.385.3%24,702.785.4%(6.8%)3,788.214.0%4,021.713.9%(5.8%)145.90.5%169.90.6%(14.1%)51.50.2%38.90.1%32.4%27,012.9100.0%28,933.2100.0%(6.6%)42.8%20252281,592.741.9%20252281,286.02282025229202427,012.928,933.2(6.6%)(16,629.5)(16,852.4)(1.3%)10,383.412,080.8(14.1%)38.4%41.8% 滔搏國際控股有限公司17管理層討論及分析202422916,852.416,629.520242810,383.438.4%20254.5%6,004.0202420252287,943.829.4%202428.9%0.52025228995.53.7%20243.9%2024229120.0202520242 292025228 1.3%202522822912,080.814.1%20252202422941.8%3.422820242296,283.88311.9%20248,356.020241,115.4202522884.6228147.320252 28117.7 18年度報告 2024/252025228274.92024547.920242 2919.9%2.3202522817.6%25%2025228150.22024175.92025228376.92024407.720252 2820242 2935.6941.9%20.7420252281,286.020242,213.06,201,222,02420246,201,222,024228202522920241,286.02,213.06,201,2226,201,22220.7435.69 滔搏國際控股有限公司19管理層討論及分析202420252 284,099.32025228297.5198.1372.80.674.72,826.42,670.11,241.32023/242024/25868.2276.120252283,584.12,082.12,130.01,454.120241,362.020252 2820241,454.120241,362.020252 28996.7 2293,729.4369.9202420243,332.31,146.7310.1930.24,080.020242024720.1 20252 28202520252 28202520252 2827,2792,746.42025 228228202420242,931.12283.1(a) 29,458202510.2% 年度報告 2024/25228202410.1% 20 21董事會報告滔搏國際控股有限公司202533720732025202410232025868.220242025124.012.00744.1(a)20257 14 2282285522814.0015.0712192282.002.1512.8820257 1820257 15 2011520256 1720257 18 22年度報告 2024/25(b)2025827202588202585202588202584183171712171611620252 286,201,222,02427202522820,799.0202420,494.432202522820242,000369.32024403.315202522826 23滔搏國際控股有限公司董事會報告3.2%94.7%66.6%5%16.2 24年度報告 2024/2516.192024/2513.51B(1)–20247688139–202551769–20241131353.132019101020201027 25滔搏國際控股有限公司董事會報告1420252025228148.10571XV352C318352 228XV 202522878 XVXV23336HHBH Investment, L.P.(2)Hillhouse Capital Management, Ltd.(2)Hillhouse HHBH Holdings Limited(Hillhouse HHBH)(2)Hillhouse HHBH Limited(2)創业創TMF (Cayman) Ltd. (TMF)(3)(1)6,201,222,024(2)Hillhouse HHBHHillhouse HHBHInvestment, L.P.HHBH Investment, L.P.Hillhouse Capital Management, Ltd.(3)TMFTMFthe Generous Trust, the Trade Vantage Trust, the State Win Trust, the Sulla Trust,the Supreme Talent Trust, the Speedy Global Trust, the Sea Wisdom Trust, the Sky Beauty Trust, the Keen Source Trustthe SolaFortune TrustTMF426,436,356XV2333618 26年度報告 2024/25(1)2,163,605,10734.89%2,163,605,10734.89%2,163,605,10734.89%2,163,605,10734.89%1,254,616,51020.23%426,436,3566.88%Hillhouse HHBH LimitedHHBH 27滔搏國際控股有限公司董事會報告3114A(1)20221202420246 1202620251222400(i)2025(ii)202590.02025Hillhouse HHBH14AHillhouse HHBHHillhouse Fund III, L.P.Hillhouse Capital Management, Ltd.創業創業創業30% 14A228202235312024522831228(a)716,300(b)22827.1228202522824.922839.1創業Hillhouse HHBH創業Hillhouse Fund III, L.P. (2)202222820223120245312024202461202620272 28(b)(i)5%2025228465.92025228465.314A202220245 222025521(i)(ii)(iii) 28年度報告 2024/2552283120255212026(a)(ii)228 29滔搏國際控股有限公司董事會報告(i)(ii)(iii)14A1336 48 20252 2820252282025521 30年度報告 2024/25 31董事及高層管理人員滔搏國際控股有限公司5820062019620202330200662015201519896612006202010 2730200662004199311522006620192020172015112017720138Baroque Japan Limited 6201897217201776201959199226202011573548 32年度報告 2024/25412019620Hillhouse Investment102018Hillhouse Investment20081020086200510201045520066201962020022013820237Baroque Japan Limited354820059202312201552023102012820178000333201132017460330820071120148