艾迪康控股2025 中期报告

2 4 6 7 21 27 28 30 32 34 36 202361920256300.000022019201979202420243282024202520255262025% FCGHKFCG (PE) ZHU Jonathan2025822 P.O. Box 31119 Grand PavilionHibiscus Way, 802 West Bay Road,Grand CaymanKY1-1205Cayman Islands 208 188131303 Vistra (Cayman) LimitedP.O. Box 31119 Grand PavilionHibiscus Way, 802 West Bay Road,Grand CaymanKY1-1205Cayman Islands ZHU Jonathan2025822 ir@adicon.com.cn(86) 0571 8777 5775 1617 www.adicon.com.cn 9860 1526 97927 ICL3424ISO151894,0002025130NGSpanelNGS(tNGS)Guardant HealthGuardant OMNIG360ResponseICL 2025 12.713.3% –30%CAGR48% –CRO18%NASH 6%9% 20255IVD ITLIMS18322025LIMS AI –AI6-7AI1,000 –AI2025 –AIAI –AI+ 202513%4%11%AI 4I-MDx 2025(OGM)6 23202563023 1424ISO15189 CRO 2013201920212021-2025 ICL ICL20225202132025120 ICL ICL ICL ICL ICL ICLICL ICL ICLICLICLICL ICLICL 20231210ICLICLICL ICL 202451420241202552025ICLICL DRG/DIP 2.0 202472.0(DRG)2.0(DIP)2.0DRGDIPICLICLICLICL 202497(i)(ii) (PCR)(NGS)ICL ICLICL ICL 2024102024102025620 ICLICL 20257ICL 20256301,270.620246301,465.713.3% CROICL 2025630816.12024630906.09.9% 2025630454.52024630559.7 202563035.8%202463038.2% 2025630196.42024630202.02.8%2025 2025630112.62024630107.54.7% 202563054.9202463058.76.5%2025 202563035.7202463050.028.6%COVID-1926.45.31.5 202563012.7202463019.735.6% 202563022.0202463027.419.8% 202563016.9202463030.344.1%2025 2024630103.572.4%202528.6 202412313,050.720256302,931.0202412311,925.120256301,870.2 2025630115.920241231126.98.7%202431202563027 20256301,545.0202412311,377.412.2%2024220202563026220241722025630217 2025630258.420241231251.12.9%(i)4.9(ii)2.7 2025630681.420241231721.85.6%COVID-1920241482025630156 2025630515.720241231613.415.9%71.9 202563021.92024123129.926.7%2025 202563020241231956.0 20256302025630751.1202412311,043.828.0% 2025630202563020256301.9%3.5%20241231693.945.3%2025630379.9 2025630 (i)(ii) 202563057.2202453.76.6%2025 20256309.6202412319.33.0% (1)(2)(3) 2025630 2025 2025630 20256305,1512025630404.2 2025630XV(a)XV78(b)352(c) (1)Nice Sure Holding Co., Limited303,75011,249,646 (2)Corelink90,061,994 2025630727,260,2911,617,000 2025630XVXV78352 2025630XV23XV336 (1)Pearl Group LimitedCarlyle Asia Partners V, L.P.CAP V Co-Investment, L.P.94.57%5.43%Carlyle AsiaPartners V, L.P.CAP V Co-Investment, L.P.CAP V General Partner, L.P.CAP V General Partner, L.P.CAP V, L.L.C.CAP V, L.L.C.TC Group Cayman Investment Holdings Sub L.P.TC Group Cayman Investment Holdings Sub L.P.TC Group Cayman Investment Holdings L.P.TCGroup Cayman Investment Holdings L.P.CG Subsidiary Holdings L.L.C.CG Subsidiary Holdings L.L.C.Carlyle Holdings II L.L.C.Carlyle Holdings II L.L.C.Carlyle Holdings II GP L.L.C.CarlyleHoldings II GP L.L.C.Carlyle Asia Partners V, L.P.CAP V GeneralPartner, L.P.CAP V L.L.C.TC Group Cayman Investment Holdings Sub L.P.TC Group Cayman Investment HoldingsL.P.CG Subsidiary Holdings L.L.C.Carlyle Holdings II L.L.C.Carlyle Holdings II GP L.L.C.PearlGroup Limited (2)Corelink (3)Mega Stream Limited (4)2025630727,260,2911,617,000 2025630XV23336 201920242025 2019202420192024202417.12 2025 202520255262025202556 202520253%21,769,298202520252025 ZHU Jonathan20258222025822 202413.51B 2025712025822 2025630 20256302025630 2024121636,287,16520241219 2025630100,0000.7100,0001,617,000 2025630 20256302410 2025630 2025630 230.920241231 2025630 2025630 20256302024630 202563013.2013.2113.22 Ernst & Young Limited27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong 28562025630343434 2410 34 2025822 1. 20083202023630P.O. Box 31119, Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-1205,Cayman Islands 2.1 20256303420241231 2.2 20241231 21 21 3. 8 10% 4. (i) 4. (i) (ii) 15 5. 6. 2,000,0008.25%16.5% 10%20081120071231202395%200811 25% 7.52024 7. 2025630 8. 710,148,3232024727,289,644 2025630 9. 202563039,350,000202463045,024,000 20256304,486,00020246301,999,0001,492,0002024630751,000 10. 90120 10. 10. 9 10. 11. (a)202563083,741,000 (b)20242022 (c)202563018,200,000ICL (d) 12. 60120 13. 13. (a)202161%45,726,000202312025630202563042,160,0002024123142,160,000 202288,916,00051%62,241,00026,675,000202563013,337,0002024123113,337,0002024202519%202563043,809,0002024123143,809,000 (b)2021COVID-19202563061,175,0002024123161,175,000 14. 14. (a)2025630202434,319,00032,123,0005,659,500 15. 2019720201172021415202110110% 2019123120231231101,171,226 i)25%25%25%25%ii) 2025630103,0002024630205,000 15. 2024 20243202420243% 20249,150,000 i)ii)25%25%25%25% 202563020243,420,0002024630 16. 17. (a) (b) 17. (c) 202563020241231 17. (d) 18. 18. 202563020241231 18. 19. 2025630