宏信建发：截至二零二五年六月三十日止六个月中期业绩公告

9930 XU Min XU Min P.O. Box 31119 Grand PavilionHibiscus Way802 West Bay RoadGrand CaymanKY1-1205Cayman Islands XU Min XU Min 1831717121716 200256-610 www.hongxinjianfa.com 33191901 9930 + 3360 (1)=(2)=(3)EBITDA=EBITDAEBITDA=+++(4)=(5)= 1 1.1 2025GDP5.3%5.4%5.2% 1-624.92.8%4.6%21.8%4.2%20251-67.5%202520251-663.39.1% 202520252-4565 20251-65,612.19.3%9,331.913.7% 2025GDP4.4%14.2%202520252,000JS-SEZ 2025GDP4.87%48.830(IKN)2025-2029RPJMN8% 2025GDP7.52%2011–20258.33%8.14%20302217683.7 2025GDP3.1%20257252,9802.6820251.3%-2.3%1.8% 2025GDP3.4%4.9%NEOM20302025GDP3.0% 20241,676456FDI1,36920712030204020252025GDP4.6%2025-20284% 2025GDP2%7.3%20253,7834622025GDP3.1% 1.2 IPAF Rental Market Report 2025202466.912.4% 20242,7004.7%2025 20251-69,331.913.7% 1.3 +++ 567504230637 2 2.1 50,276406,89087.6%EBITDA1,968,6382,003,6141.7% (2) EBITDA 2.2 4,350,0624,872,42110.7%597,380 232,000325,0001,700367,0006,000 (1)202,60059,270 2.2.1 (i)(ii)(iii) 2.2.1.1 2,265,2441,895,62219.5% 47.4%27.7%7.0%4.6%13.3% 2.2.1.2 1,138,8821,946,26141.5% 2.2.1.3 9 4 5 , 9 3 61,030,5388.2% 202,60059,270 79750,884 2.2.2 195.516.4 1,34649625142 2.3 940,6671,559,32539.7%21.6%32.0%10.4% 2.3.1 2.3.1.1 621,196702,77411.6%27.4%37.1%9.7% 2.3.1.2 171,407525,49167.4%15.1%27.0%11.9% 2.3.1.3 148,064331,06055.3%15.7%32.1%16.4% 106,162214,24850.4%16.1%28.8%12.7% 41,902116,81264.1%14.6%40.7%26.1% 2.3.2 2.4 3,409,3953,313,0962.9%758,331694,6519.2%4,167,7264,007,7474.0% (1)15-20102010%30%1,519,9821,224,65124.1% (2)944,1836.9% (3)658,88715.2%414,5693.1%244,31843.8% (4)304,68011.7% (5)304,43932.1%4.2% (6)106,4421,23350.1% 106,33714.9% (8)53,43027.4% (9)41,62415.8% (10) 2.5 104,327106,9382.4% 2.6 2.7 (i)(ii) 18,11319,9059.0% 2.8 (i)(ii) 401,070382,0975.0%21,9652.8.13.11 2.8.1 (2)= 3.69%3.99%0.30% 2.9 14,786138,66289.3%29.4%34.1%4.7% 2.10 35,490268,22886.8% 2.11 0.0110.0840.07386.9% (1)×6 3 3.1 36,581,356147,1750.4% 3.2 21,720,292525,1112.4%(i)(ii)1,315,971 11,435,27811,739,8494,471,3404,850,9423,317,3383,187,393 3.3 3.3.1 7,881,04363,1020.8% 3.3.2 1,070,604122,56310.3% 70HSE 3.3.3 248193 3.4 697,052174,86820.1% 3.5 (i)(ii) 3,214,244163,2714.8% 3.6 2,476,599683,26338.1% 3.7 12853,55851,5815.7% 3.8 173,979TH Tong HengMachinery Sdn. Bhd. 3.9 635,193(i)383,088(ii)245,162 3.10 25,253,610277,7791.1% 3.11 21,224,692321,7971.5%3.69% 66.6%61.6% 3.12 2,244,433150,8246.3% 3.13 (i)(ii)(iii)(iv)(v) 1,001,932115,24613.0% 3.14 3.7 615,28118,301 3.15 3.16 TH Tong Heng Machinery Sdn. Bhd.EBITDATH Tong Heng Machinery Sdn. Bhd.20%TH Tong Heng Machinery Sdn. Bhd.100%73,937,000 3.17 11,327,746130,6041.1% (1) 0.045 4 (1)= (2)= (3)=68.6% 4.1 0.6%4.3% 4.2 0.2%1.4% 4.3 69.0%68.6%0.4% 5 824,8174,372,00281.1%384,3013,955,80790.3% 6 6.1 6.2 (i)(ii) 7 7,632,561300,000 8 9 Horizon Construction Development Investment (HongKong) LimitedChan Heng ChoyChanHow Mee Cheng(i) ChanTH Tong Heng Machinery Sdn. Bhd.395,00079%(ii) How Mee Cheng5,0001%176,000,000299,294,2781.001.7005TGCore Trading Sdn. Bhd.TGCoreChan ChanChan(i) Chan20%(ii)ChanChan 14.74(1)14.225%25%14 14.75(1)1414 80%170,951,092289,502,2731.001.6935 =++×80%TGCore 168,085,3676.7%6%7% 80% (EV/EBITDA) (i)(ii) 10 4,3175,346 10.1 10.1.1 12(i)(ii)3(i)1.45(ii)1.351.564(a)(b)(c)V.517.07(1)(d)636,538,66037,868,66010,090,00017.07(3) 10.1.2 88,403,540 1 2i.ii.iii.iv. 317.07(1)(d) 85,323,54088,403,540 517.07(3) 10.2 12 13 +++ 571XVXV78352 (1) (2)3,197,244,000 (3)(i)2711,346,342(ii)54106,731,710 (4)(i)2718,743(ii)541030,382(iii)610,0001,420,000 (5)(i)271202,531(ii)54101,012,759 (6)(i)271100%44,667104,88981,519(ii)5410100%294,998524,443407,593 (7)Farsighted Wit Limited68.72%79.37%XVFarsighted Wit Limited176,600,000490,112 (8)Lanjin Limited (9)(i)27120,364(ii)5410101,820 (10)(i)2714,629(ii)541023,148 (2) (1)L(2)(3)Idea Delicacy Limited272,237,06240,726,000159,670,000107,503,000197,945,00090,866,835Idea Prosperous Limited(4)(5)(6)(7)(8)4,761,515,040 XVXV78352 XV23336 (1)L (2)3,197,244,000 (3)100%55.38%44.62%(1)(7) 336 C1 F.2.2F.1.3 F.2.2F.1.3 Xu Min C3 3.10(1)3.10(2)3.10A 3.213.22Xu Min 0.045143,876 0.05 14125 (1)(2)(3)(4)(5)(4)20%30%30%50% (1)(2)(3)(2)30%40% (a)(b) 14A0.1%5%14A 13.51B(1) Ernst & Young27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong97927Tel: +852 2846 9888Fax: +852 2868 4432ey.com 621282025630343434 2410 34 2025731 2025630 2025630 2025630 2025630 2025630 2025630 2025630 2025630 2025630 1. 202092822P.O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-1205Cayman Islands (i) (ii) (iii) 2. 20256303412 20241231 2025630 3. 20241231 21 21 4. (i) (ii) (iii) 2025630 4. 2025630 4. 2025630 4. 2025630 4. 20256305,420,399,000202412313,547,768,00014.82%202412319.74% 202563011%202463015% 5. 2025630 5. (a) 2025630 2025630 5. (a) 2025630 5. (b) 180 2025