基石科技控股中期报告2025

GEM GEM GEMGEMGEM GEMGEM 3 5 18 43 45 47 48 49 12 Pan Wenyuan 12 12 12 (CPA) 12 9111107-11 1617 Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands 322222201 8391 www.cstl.com.hk 65%110,000125,8008,72814,55366.8% Cornerstone HOME92371050 Cornerstone GO114ACDC2,00059,000 (OEM)Cornerstone GO SparkEV Company LimitedSparkE VB a n g c h a kC o r p o r a t i o n P u b l i c C o m p a n y L i m i t e dBangchak42395980 RCR Green EVRCR Green EVRCR Green EV60 47,800,00052,100,000EHSSCornerstone HOMECornerstone GO38.8%17.0%21.8 2,800,0007.1LBITDA28,900,00024,300,000 Cornerstone HOMECornerstone GOB2B Spark EV (i)(ii)(iii)(iv) 52,100,0004,300,0008.3%47,800,000EVEHSSEHSS2,800,0007.1 15,900,00040.2%22,300,00012,900,00062.4%21,000,000 8,900,00018,600,000109.5%Cornerstone GOCornerstone HOMECornerstone GO37,39559,408710923 77.0%EHSS 1,600,0001,000,000 44,700,00015.9%37,600,000EHSS 10,100,0007,300,00014.1%21.2% 93,00059,000 12,300,000 36,200,0005.0%34.400,000 7,600,00021.7%9,200,000 1,700,000Spark EV 7,700,0003,600,00011,300,000 87,00075,000 14.9%39,900,00033,900,000 LBITDA LBITDA (i)(ii)(iii)(iv)(v)LBITDALBITDA LBITDA28,900,00016.0%24,300,000 200,600,000194,400,0001617 18 114.4 156.4 0.681.45 40,500,00044,000,00012 29,900,00052,300,000 (i)(ii)(iii)(iv)(v)196,800,000235,600,000 GEMC1 GEM5.485.67 25,008,000 25,008,0000.648,336,0000.57250,08016,000,00015,800,0000.63 GEM 0.5365,000,0000.66650,00034,500,00032,700,0000.50 47,820,000 Floryn Passie LimitedFloryn PassieFlorynPassie200,000,0009080%0.50 0.50400,000,000(i)41.95%(ii)400,000,00029.55% 200,000,000199,500,000(i)180,000,000SparkBangchak600(ii)19,500,000 Floryn Passie95,600,0006.0% 95,600,000 137,133,000 12 GEM23.04(1) GEM23.04(2)23.04(4)120.1% 32,046,0080.5016,023,004 320,46032,046,008 0.500.500.50 Spark EV Company LimitedSparkSpark741,266,222.149,800,000 SparkSparkSpark(i)(ii) 160,000,000160,000,000140,000,0009,800,000 Spark59.3%SparkGEM20 GEM20.7920.8012Spark 1. 2. i. ii. 3. 1.00 4. (a)(b)(c) 5. 88,623,93910% 121% 6. 7. 8.3 9 1. 2. 3. 1010 9.9 4. (a)(b)(i)(ii)(iii)(iv)(v) 5. 12 (i)(ii)12(iii)(iv) 6. (i)(ii) (a) (b) (c) 8. 10%95,357,539 9 571XV(a)XV78(b)352(c)GEM5.465.67 1.235,603,225Global Fortune Global LimitedGlobal Fortune51%Global Fortune52,508,000 2.235,603,225Global Fortune49%Global Fortune8,800,000 3.PanSilver Rocket LimitedSilver Rocket100%PanSilver Rocket 4.17,392,00072,000,000TannerEnterprises Group LimitedTannerEnterprisesTanner Enterprises100%Tanner Enterprises100%Tanner Enterprises14,712,613 5. 1.Global Fortune51%Global Fortune2.Global Fortune49%Global Fortune3.Silver RocketPan100%PanSilver Rocket4.Tanner Enterprises100%Tanner Enterprises XV(a)XV78(b)352(c)GEM5.465.67 XV23336 3.100,000,000AASPCF2022GP, LPAbax Asian Structured Private Credit Fund 2022, LP Abax GlobalCapitalAbax Global Capital GP 2022 Ltd.100,000,000Abax Asian Structured Private Credit Fund 2022, LPAbax AsianAASPCF2022 GP,LPAASAbax AsianAbax Global Capital GP 2022 Ltd.AASAbax Global Capital GP2022 Ltd.Abax Global Capital59.8%AASAbax Global Capital GP 2022 Ltd.AbaxGlobal CapitalAbax Asian100,000,000 4.21,000,000 XV23336 GEM (i)(ii)(iii)(iv)(v)(vi) Pan Wenyuan 12 12 (i) 1. GEMCricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands9111107-11 2. 34GEM 33,965,00040,507,00032,722,000195,219,00055,814,0001225,925,000 (a)16,023,004 (b)16,005,000 (c) (d) (e) (f)Floryn Passie LimitedGaw Capital Limited200,000,00095,600,000 (g) (h)Pan Wenyuan 33,965,00022,363,00013,575,0008,788,000 21 34 10% 6. 2,000,0008.25%16.5%16.5%16.5% 8. 88,623,939 88,623,9399.29% 1.0.540.780.79 2. 137,133,000 95,357,539 95,357,53910% 10. 11. 11,000,00023,000,000 16. 60,610,00059,653,0003611.89% 15,665,00015,665,000828,000358,0006%7.42%7.67% 39,321,00038,965,00012%12.32% 51,300,00053,100,000 Spark EV CompanyLimited73,877,00075,530,000 5 11.26% 19. (a) (b) 22. 1,500 23. 24.