中国儒意二零二五年中期报告

23032263633428 33373701 CN03 Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM11Bermuda 1617 Clarendon House2 Church StreetHamilton HM 11Bermuda http://www.ryholdings.com 12.351.158.148.120.980.98 18.4022.0621.860.2 13.035.44 22.0620%12.281.2313.03140% 1. 202519002025630292.3122.91%6.4116.89% 3202419003620258.21 2025IP2025IP2025 8291994 2. IP IP22025 78 AI AIAIAIAI AI AIAIDreamShapersAIDreamShapersAIAI 2.5 AI IP JINGXIU202512.140% OL60 iOS1+2025SLG(UniversalProducts&Experiences)IP QQ2025IPDLCIP++ IP IPSLGMMORPG20254NBANBA2026NBAGOEAIPIP+ AI 2D3D70%NBA (NLP)AI98% 1. 2023 IPIPIP 2.52TOYSIP IP52TOYSIPIP52TOYSIP52TOYSIPIP 3.30%++ 2025730%2.4++ 55.28334.936 10.76717.00930.2%28 203.617163.452274.516216.707112.17066.6043.52.511.3%2.0% (i)VirtualCinema EntertainmentLimitedVirtual Cinema(ii)(iii)(iv)30%8.25(i)7.425(ii)2.43236,666,667 100%VirtualCinemaQQQQ2QQ WaterLilyInvestment LimitedWater Lily 30% (1)(2) TFI InvestmentFundSPCTFIInvestment1,144,514,7672.370.0222,890,295.342,712,499,998350,000,0002,712,499,9982.37 TFI Securities and Futures Limited2.37490,506,3290.029,810,126.581,162,500,000150,000,0001,157,850,000 3,874,999,998500,000,0003,870,349,998(a)3,483,314,99890%(b)387,035,00010% TFI InvestmentTFI InvestmentTFIInvestment 160,280,000330,226,329 654,008,438TFI Investment327,004,000163,502,329 2,3413.95% 23.41 2.704 23.4123.042.662(i)20.7490%(ii)2.3010% 23.41 (1)Virtual Cinema Entertainment Limited(2)VirtualCinemaEntertainment LimitedVirtual Cinema Culture LimitedPumpkinFilms Limited1,834,279,3070.961,834,279,307 1,760,908,000 181,917,000(1)181,228,000(2)689,000 2.3.43 2.3.43 • • • (i) (ii) (i)(ii) (i)(ii)(iii) 1%130 1,000,464,7541,000,464,754500,232,377500,232,377 1,000,464,7546.10% 571XV352C3 (1)Pumpkin Films Limited2,627,381,250Pumpkin Films Limited(2)PumpkinFilms LimitedMerrillLynch InternationalGoldman Sachs International(3)XV(4)1,080,000 352 5%XV336 — (2)PumpkinFilms LimitedMerrillLynch InternationalGoldman Sachs International (3)2,582,401,2322,545,734,565WaterLily36,666,667 XV336 5%XV336 — XV336 13.51B(1) 5831.6131.332 TFI InvestmentTFIInvestment327,004,000163,502,329 3 . 0 01,300,000,000 390,000,000390,000,0003.00 13.2013.2113.22 2410 C1 •C.2.1 C3 28783434 2410 34 —1,235,100(114,653)—(7,466)(8,005)1,227,634(122,658) 165,873288,773(5,917)(4,184)53,5426,361(307,709)(91,726) 1 Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda 2 34 3 4 (a) 21 3 (b) 4 12 5 5.1 5.2 (a) 69%56% 5 5.2 (b) •••• 9 9 62,616,00062,616,000 9 5 5.2 (b) — — 233,123,000234,188,000 1212 5 5.2 (b) • 3090 5 5.2 (b) 5 5.2 (b) 5 5.2 (b) 5 5.2 (b) 5.3 5 5.3 5.4 5 5.4 6 (a) — (2)(3) (b) 6 (b) 6 6 6 (c) •• (d) (e) 6 30%825,000,000(i)742,500,000(ii)2.43236,666,66789,173,00082,500,000 35,00014(b)82,500,000660,000,00019 9 (a)5%15%12 (b)3.1%8%283,000,000390,000,000 (a) (a)1,973,323,000 14 (a)1.6918,750,0001,470,000,0001,337,627,00016,720,0001,319,526,000 (b)2.371,635,021,0961,144,514,7672,712,500,0002,501,583,00021,110,0002,479,772,000 14 (b) 2.43236,666,6678682,00081,783,000 15 15 (a)10%50% (b) 16 (a)7.5% (b)592,742,000 (c)2.90% 16 (d)80,600,00089,800,0002.80%2.95%2.95%3.25% 17 19 20 23.4122.003.95% 2.704 • • 20 6.56% 865,754,437 21 —(6,460)(5,761)—(1,239)(3,228)—(23,721)——(1,317)(1,584)—(24,470)(41,377) 23 23 2,000,0008.25%82,000,00016.5% 15%25% 24— (a)Virtual Cinema Entertainment Limited 25 (a) (b) (1)(2) 490,506,32914(b)(3) 2.704 26 26 (b) 26 (d) 26 —1,0001,000——411—(iii)28,131— —(ii)43,77550,749—(ii)—15,367—(ii)748673 —(ii)842,656166,699—(ii)19,41528,513—(ii)55 —149,000149,000—22,16821,120 26 (d) 16(a) (i)(ii)(iii) 27 (a)30%240,000,000190,000,00010 (b)3.001,300,000,0003,900