高鑫零售二零二四╱二零二五年年报

3567172161668393949698100208 331919282552004361523171712-171622www.sunartretail.com6808 183 (1)(2)(3) 9,539,704,7009,540,448,150 020,00080,00060,00040,000140,000120,000100,00001,0002,0005,0004,0003,0006,000-2,000-1,0001) 2025+ 20255 0.6%(1) 684.82694.319.491.4%(i)(ii)(1)0.360.160.2125.0%M30.3431.200.862.8% 179.5824.7%0.6(i) 172.367.224.0%24.1%11.3014.623.3222.7%152.32181.7829.4616.2%9.81(ii)11.48(iii) 21.3%25.0%3.717.0922.515.4224.1%(i)1.40(ii)2.41(iii)2.4%3.1%0.714.2510.0924.342.0%1.4%3.43.954.250.307.1% 2.3462.5%16.682.3%2.86.92(ii) 6.444.10175.2%2.4835.2%25.0%3.8620.540.5%1.0%4.0516.0520.100.190.630.4469.8%(i)(iii) 9.2619.6711.815372165.04 35.4926.23283.3%31.4424.885.2131.40(i)8.17(ii)27.765067125.290.610.76 (i)34.59(ii)(iii)(i) 49.130.5248.619.855.10(iv)2.42474.19187.3737.5013.5823.92176.1%(ii) GDP318,758CPI7.7%8.1%432,177 5.0%1,349,0844.7%4.6%5.4%GDP5.4%0.2%CPI0.6%CPICPI0.4%CPI0.1%CPI1.5%CPICPI0.2%487,8953.5%3.2%55,7185.3%130,8166.5%26.8%124,6714.6%29,9485.7%24.0% 48.9% MM46533M1,34965%35%16.4%18.0%19.4%7.3%217911719739%5,223,69387,351251,8285,562,87241%49405311%1,307,48231,12301,338,60510%49705611%1,616,12454,84901,670,97312%975010220%2,428,43224,10902,452,54118%68507314%1,795,73227,17901,822,91114%2310245%636,5849,1500645,7345%465337505100%13,008,047233,761251,82813,493,636100% (1)(2) 83,95783.06 86,22695.58+ 1992 502051DCPCapitalNIUDCPCapitalKKRAsia LimitedKKRAsia LimitedLazard Freres & Co.Coopers & Lybrand 36DCPCapital5GD.SIDCPCapitalMBKPartners31DCPCapitalDCPCapital 220 611573813Gogoro Inc.GGR62( C h i n aMengniuDairy Company Limited)2319 18963692693600235212072185 715 2O x f o r dB r o o k e sUniversityGensler Design Co., LtdC&A ChinaYiguoE-Commerce Co., Ltd17 14915059394951981993398990.170.1581,6221,5110.170.1561,6221,4910.340.02 0.17183(i) 17M(ii) (a)1712-1716(b)171633(a)6122 50160 18317183171712–969762213 18,73713(a) 47,4191127(a) 17203.13D212B(https://www.sunartretail.com/tc/about/cg/listofdirectorsofsubsidiaries.pdf) 31 5166165565960 8 32XVXV7352C3(1)7,508,044,581(L)(2)78.70%25,000,000(L)(3)0.26% (1)(2)Paragon Shine LimitedLavender Haze LimitedDCP Capital Partners II, L.P.Ltd.Paragon Shine LimitedLavender Haze Limited(3)25,000,00025,000,000 LDCP Partners LimitedClassic Fit Limited6,250,000 King Salmon Limited7,508,044,581DCP General Partner II, Ltd.DCP General Partner II,DCP Partners LimitedDCP, Ltd.DCP, Ltd.50%XVKing Salmon Limited7,508,044,5812 5 , 0 0 0 , 0 0 0XV352 336Paragon Shine Limited(2)Lavender Haze Limited(3)King Salmon Limited(4)Pearly White Limited(4)Citrine Lime Limited(2)(3)Peak Prosperity Limited(5)DCP Capital Partners II, L.P.(6)DCP General Partner II, Ltd.(6)DCP, Ltd.(6)Classic Fit Limited(7)J.P. Morgan Trust Company(Bahamas) Limited(7)Liu Haifeng David(7)Chen Vivian(8)Lieu Ketty Chia Roo(9) (1)4,504,599,949(L)47.22%3,003,066,632(L)31.48%378,000(L)0.00%378,000(L)0.00%7,507,666,581(L)78.70%7,508,044,581(L)78.70%7,508,044,581(L)78.70%7,508,044,581(L)78.70%7,508,044,581(L)78.70%7,508,044,581(L)78.70%7,508,044,581(L)78.70%7,508,044,581(L)78.70%7,508,044,581(L)78.70%7,508,044,581(L)78.70% (1)(2)ParagonShine Limited(3)Lavender Haze Limited(4)King Salmon Limited(5)CitrineLime LimitedProsperity Limited(6)DCP Capital Partners II, L.P.DCP Partners LimitedII, Ltd.DCP, Ltd.Limited(7)ClassicFit LimitedCompany (Bahamas) Limited(8)CHEN Vivian(9)LIEU Ketty Chia Roo LCitrineLime Limited100%XVCitrine Lime LimitedParagon Shine LimitedCitrine Lime Limited100%XVCitrine Lime LimitedLavender Haze LimitedPearly White Limited100%XVPearly White LimitedKingSalmon LimitedPearlyWhite LimitedPeakProsperity Limited100%PeakDCP Capital Partners II, L.P.100%DCP General Partner II, Ltd.DCP General Partner II, Ltd.DCP Partners LimitedDCP, Ltd.DCP, Ltd.ClassicFit Limited50%XVDCP General PartnerClassic Fit LimitedParagon Shine LimitedLavender HazeKing Salmon Limited7,508,044,581J.P.Morgan Trust Company(Bahamas)LimitedJ.P.Morgan TrustLIU Haifeng DavidXVLIU Haifeng DavidSPA7,508,044,581LIU Haifeng DavidXVCHEN VivianLIU Haifeng DavidXVLIEU Ketty Chia RooXV336 11086,226 010,000,00010,000,00115,000,00015,000,00120,000,00083,95783.06 7(a)1095.587(a) (ii) (i)(iii)812 (a) (b)953,970,47010%1%0.1%1.00918,970,4709.6% 1.2.3.4.5.6.7.(2) 1.416,250,0002.097(a)953,970,470(ii)918,970,4700.26%1*2 25,000,000(i) 1.2. 3a3b3c41.3834%2.015%7(a)(i)(ii)(iii) 3.a.b.c.(i) 4.(ii)(iii)(iv) (a)(b)0.1% 10%37,136,79310%10%24,868,64010%1%17.04(4) (c)(5)(i)(ii)(iii) 10%30%4%15% 25 12(25)25(10)8 (1)(2)(3)(4) (i)37,136,793(ii)37,136,7930% (1)(2) (3)(i)24,868,640(ii)24,868,640(4)0%(1)(2)34.444(1)(2)555.47445992.015%100%341.3834%100%1%0.1% * 4.5%*42.39%*21.07%88.28%93.83%99.06%100.00%100.00%100.00%100.00%1.45%*14.55%*13.26%32.52%23.10%53.88%29.85%62.80%37.58%76.53%43.13%84.52%50.62%90.17%62.54%93.93%74.40%97.60%78.58%98.20%86.23%98.70%88.58%99.04%92.97%99.17%97.12%99.35%97.12%99.65%97.12%99.65%97.12%99.74%98.66%99.91%100.00%99.91%100.00%99.91%100.00%99.91%100.00%100.00