福禄控股中期报告2025

: 2101 2 4 5 10 24 34 35 37 40 54 Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands 77B2714 131 20256 2720256 27 ACGHKACG20258 28ACGHKACG20258 28 ACGHKACG20258 28ACGHKACG20258 28 15323203-3207 Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands 776A217 120 108 Harney Westwood & Riegels993501 183171712–1716 2101 www.fulu.com 20256 30 157,43119.7%30,13617.0% 2025 2025157,4312024196,04619.7%55.2%58,02632.6%39.9%52.4%42.5%51,08421,4981,39425,42914.0%97,54143.5%13,33521.1%46,555 202435,24719.2%202528,495202436,32017.0%202530,136202436,92515.4%202531,222 2025273,148 2025GMV4,027,12420244,978,99619.1%GMV25.8%2,065,558GMV33.8%1,049,910GMV85.0%35,850GMV53.9%543,206GMV0.2%332,600 2025GMV25.8%2,065,55855.2%58,02636.9%57.6%42,4011.2% 2025 2025GMV33.8%1,049,91032.6%51,08432.4%35.8%37,2643.7% 2025GMV85.0%35,85052.4%1,3940.9%10,850.0%65746.9% 2025GMV53.9%543,20639.9%21,49813.7%46.2%11,7916.4% 6SKU 2025GMV0.2%332,60042.5%25,42916.1%41.4%23,3961.8% + 2025 2025 20258 28 20256 3020246 30 20252024 2024196,04619.7%2025157,431GMV (a)(b)(c)20252024 (1)IT 20246 30113,45614.0%20256 3097,541GMV 20246 3023,61143.5%20256 3013,335GMV 20246 3043,61920.5%20256 3034,65820246 3015,36022.5%20256 3011,897 (i)(ii)(iii)(iv)(v)20252024 20246 3075,75032.6%20256 3051,084GMV20246 301,586,97533.8%20256 301,049,910 20246 3035,75739.9%20256 3021,498GMV20246 301,178,65253.9%20256 30543,206 20246 302,92852.4%20256 301,394GMV20246 30239,49285.0%20256 3035,850 20246 3037,39155.2%20256 3058,026GMV20246 301,642,05725.8%20256 302,065,558 20246 3044,22042.5%20256 3025,429GMV20246 30331,8200.2%20256 30332,600 20246 3049,30715.0%20256 3041,922 202520246 30 (1) 20246 3012,18326.3%20256 308,977 20246 3031,2178.1%20256 3028,702 20246 305,90728.2%20256 304,243 202520246 30 20246 3017,71222.0%20256 3013,820 20246 3013,85629.9%20256 309,707GMV 20246 302,92274.8%20256 30737 20246 3010,49248.9%20256 3015,625GMV 20246 304,32553.0%20256 302,033 202520246 30 20246 30146,73921.3%20256 30115,50920246 3074.8%202573.4% 20246 3058,03835.8%20256 3037,264GMV 20246 3021,90146.2%20256 3011,791GMV 20246 30610,850.0%20256 30657 20246 3026,89957.6%20256 3042,401GMV 20246 3039,89541.4%20256 3023,396 20246 3010,92729.8%20256 307,6724,8781,852456200 20246 3043,46824.9%20256 3032,62620246 3012,18824.7%20256 309,17220246 3024,08918.2%20256 3019,70120246 305,12450.4%20256 302,543 20246 3048,18320.7%20256 3038,230(i)2,123(ii)4,277(iii)1,057(iv)293(v)2,017(vi)101 20246 3016,4850.4%20256 3016,415 20246 3078520256 30118 20246 301,99723.2%20256 302,4612,13120471 20256 3033,56720246 3046,748 20246 301,99722.6%20256 301,545 20256 3032,02220246 3044,751 20246 309,50462.9%20256 303,527 20246 3035,24719.2%20256 3028,495 20256 30273,148 20256 3090,85832,022 (a)3,0504,0501,318882 (b) (i)19,093(ii)52,761(iii)75,844(iv)23,938 20256 3044,534(i)113,886(ii)9,000(iii)79,132(iv)1,419(v)1,308(vi)1,606 20256 3083,386(i)121,542(ii)196,556(iii)2,378(iv)4,449(v)1,545 20246 302,90417720256 302,727 20256 30460,738202412 31482,5219,26095,69720256 3020256 301.15%4.70%202412311.05%4.80% 20256 30 20256 30 20256 30 20256 30 20256 30 20256 30 20256 30 20256 30541 C.C.2C.2.1C1 C.2.1 20256 30 20256 20256 27 13.51B(1) 20258 2820258 2820258 28 20245 172,620,0000.64%4,804,970 20256 30408,640,8872,620,000 803.42 20256 30 90 20256 30XVXV78352C3 (a) (1)FuXi LimitedFuXi Limited141,094,800FuXi LimitedFuXi Limited (2)Fuze Holdings LimitedFuxu Holdings 99.99%Fuzhi Holdings 94.10%Fuxu HoldingsFuzhiHoldings852,05010,317,499Fuze Holdings LimitedFuxu HoldingsFuzhi Holdings11,169,54911,169,549Fuze Holdings LimitedFuze Holdings Limited (3)Zhangyuguo HoldingsZhangyuguo Holdings45,999,600Zhangyuguo Holdings (4)Zhaobihao HoldingsZhaobihao Holdings16,828,800Zhaobihao Holdings (1)12.72%11.45%24.17% 20256 30XVXV78352 20256 30XV23336 (1)FuXi LimitedFuXi Limited141,094,800FuXi LimitedFuXi Limited(2)Zhangyuguo HoldingsZhangyuguo Holdings(3)Luzhi Holdings14.52%3.65%4.06%7.15%18.38%10.24%19.36%2.99%11.00%3.21%2.72%2.72%(4)336 20256 30336 20218 19 1720231 1 (a)(b)(c)(d) (10)20318 19511 20,000,0003%20231 120231 10170.00%11,359,1132.78% 1% (a)(b) (i)(ii) 20256 308,640,887 1. 2.20236 2468,18112202220236 20251 120256 3013,461,57113,765,7850.00%17 20256 30 20256 30 20256 30 20256 30 1 20256 3034202412 31 2 202412 31 21 21 3 (a)(b)(c)(d)(e) (a) 4 4 20246 30 5 20256 30 6 20081 125% 7 20256 30 8 408,058,26820246 30406,616,713 20256 30 10 100%20256 30202412310.001%5.46%70.31%20256 301.09% 20256 30 11 12 2,620,0004,449,000257 13 20256 30 13 (b) 23,285,000202423,285,000 (c) 20256 30 14 20256 30 14 20256 30202412 31 15 201711211.75%35.36%6.29%39.31%4.37%1.18%1.75% 201511 1920126 420192 25Zhangyuguo HoldingsZhangyuguo Holdin