稀美资源二零二五年中期报告

2025 16.7% (RMI)TIC 40%13,00020241,000 1,500 2 4 5 36 48 49 50 52 54 55 Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 290A31903 11502 120 183171712–1716 140 www.ximeigroup.com 97927 9936 99.5%1,728.48.6%99.5%1,875 99.5%min378.60.1%99.5%min99.5%min99.5%min397.5 (1)PCB35%-40%5G25%-30%(EV)2-320%10%-15%38%7.720.36%7%10%6%-7%8.2-8.38.7-8.9AICPM Group LLC4,0001,000 (2)800200MPa100200-30030%-40%70015%20%’5%-10%80020%-30% •CJ-1000AC919·MT30110-115% •WS-15-20 •9HA.02SGT-8000H15%LNG(GE)AI (3)96%6823.1% (4)Gartner19%6,30013.8%7,167(WSTS)6,87012.5% AIAIAIAI (5)3D3D (6)10,0006130Wh/kg350Wh/L(UPS)LiAlLaZrNb/TaO (7)(TFLN)5G2024ChatGPTDeepSeekAIAI800G1.6T3.2T Q.ANTIMS CHIPS(TFLN)3050(EPFL)(SIMIT)PICsPICsPICsPICs5.6 dB/m40 GHzQY20232202920(CAGR)41.0% 954.25.7%107.571.4% 120289279CNASCNAS 2,000RRRX(SHINE)(HIAF)CiADS10 700 (i)(ii)(iii)902.651.65.7%954.2 233.8306.372.423.6% 419.585.120.3%504.6 215.8176.839.022.0% 727.9712.0 60.4%66.9%712.015.92.2%727.9 190.6226.3 21.1%23.7% 7.33.649.7%10.9 9.89.7 87.573.9(i)27.06.520.4(ii)37.03.533.5 12.513.9 25%15%13% 22.913.017.6%17.1%6 107.562.744.871.4%11.3%6.9% 91.862.329.647.5% (i)(ii)(iii)(iv)(v) 387.03.5390.5 67.368.1(i)(ii)(iii)1657.256.88.67.72.32.8 (1)(2) 1,074.6744.5713.3909.547.7%40.2% (1) (2) 406.2437.4 9.94.9 181 80.580.0 287.1197.6 62.348.6 40 181 14.913.8 111.994.6 79.2%71.2% 48.348.488.691.8 599.3795.5 2.45%4.90%145.1182.0 12 800.7607.3 32.2%26.7%100% 48.348.488.691.8 25.48.3 44.137.7 5G 66363264.557.7 92.7105.591.0 4.8 1.8 1.7 (a) XV(i)XV78(ii)352(iii) (1)L(2)Jiawei Resources Seychelles(3)260,000130,000 XV(i)XV78(ii)352(iii) XV23 (b) XV23336 (1)L(2)Ruan XiaomeiRuan XiaomeiJiawei Resources SeychellesJiawei Resources Seychelles(3)A002460H1772GFL Investment (Hong Kong) Limited(4) XV23336 10 1.(i)(ii)(iii) 2.10 (i) (ii) (iii) 3.36,000,00010%33,000,0009.2% 4.121%1%121%17.03E 5.2110112 6. (i) (ii) (iii) 7.107 8.33,000,00033,000,000 3,000,000 (1)(i)50%(ii)25%(iii)25%(2)(3)(4)3.013.01 3,070,0001,500,000 (i)(ii) 10% 33,000,0009.2% 121%12 12 (i)(ii)7 33,000,00033,000,000 25% 13.51B(1) 60,000,0004.03.44GFL Investment (Hong Kong) Limited3.883.344.433.764.553.91600,000 240.0200.07.26.2232.8193.8 232.8 C1 C1C.2.1 C.2.1(i)(ii)(iii) C3 3.21 http://www.hkexnews.hkhttp://www.ximeigroup.comhttp://www.hkexnews.hkhttp://www.ximeigroup.com 1. 34 2. 21 3. 3. (a) (b) 90% 3. 10% 4. 5. 6. 16.5%16.5%2,000,0002,000,0008.25%8.25%16.5%16.5% 25%25%15%15% 7. 5.5618,254,000 8. (i)(ii) (i)(ii) 8. 9. 25,368,0008,275,000 351,0002,092,000121,00098,000 10. 11. 12. 13. 14. (a) (i)(ii)(iii)(iv) 14. (b) 15. 16.