恒发光学2025 中期报告

2025 : 1134 2310111617192021 Windward 3, Regatta Office Park,P.O. Box 1350, Grand Cayman KY1-1108,Cayman Islands 6B161605–1606 Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office Park,P.O. Box 1350, Grand Cayman KY1-1108,Cayman Islands 1617 www.kelfred.com.hk 1134 ODMOEMOEMODMMigaOBM3035 242,500,00022.8% 197,400,00045,100,00022.8%242,500,000 179,600,00031,700,00017.7%211,300,000 17,800,00013,400,00075.3%31,200,0009.0%12.9% 6,500,0004,800,0001,700,000 5,400,0001,800,00033.3%7,200,000 30,500,0002,900,0009.5%27,600,000 900,000600,00066.7%1,500,000 1,300,000200,000 12,300,0007,600,00061.8%4,700,000 245,600,000282,900,000156,400,000156,400,0005.8%8.0%2.52.025.0%1.61.323.1% 29,600,00027,800,0001,800,000 9,100,000 5 (i)(ii)(iii)(iv)(v) 1,100,000 83081218 53,500,00055,400,000 C1 C3 571XV(a)XV78(b)352(c) 1.2%49%49%49%2.—3.4.L5.500,000,000 XVXV78352 XV233365% 1.L 2.2%49%49%49% 3.49% 4.49% XV235% 10% 50,000,00010% 17 2,215,000 3.21 GEM8297 13.51(2)(a)(e)(g) 1. Windward 3, RegattaOffice Park, P.O. Box 1350, Grand Cayman KY1-1108, Cayman Islands6B161605–1606 2. 3434 334 2. 3. 4. 4. 4. 10% 5. 6. 7. 2,000,0008.25%16.5%16.5% 25% 20%[2023]625% [2023]7200%200% 15%200%200% 8. 9. 10. 11. 1,064,0002,008,000 4,000,00010,950,0008,957,00019 12. 4,000,00010,950,0001,681,00019 13. 14. 30120 67,310,00039,377,000 14. 15. 3090 16. 17. 18. (a) 19. 4,000,00010,950,00010,638,0001112 20.