栢能集团中期报告2025

235263031333436 EMS LOW Teck Seng 勄LOW Teck Seng BDO LLP#23–01 Parkview Square600 N Bridge RoadSingapore 188778 11125 勄 Allen & Gledhill LLP#28–00 One Marina BoulevardSingapore 018989 12206–19 Windward 3Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands B.A.C.S. Private Limited77 Robinson Road#06–03 Robinson 77Singapore 068896 183171712–1716 #11–27, West Tower, 20 Pasir Panjang RoadMapletree Business CitySingapore 117439 88828 Standard Chartered Bank (Singapore) Limited Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands www.pcpartner.com ODM/OEMZOTACInno3DManliODM/OEM70NVIDIAAMDGPU EMSATMPOSZOTAC AIGPU 4,944.21,411.16,355.328.5%4,088.71,681.65,770.341.1%3,094.31,866.74,961.060.3%RTX50RTX5090GPU ISO9001ISO14001 ISO45001 QC080000 ISO13485RBA NVIDIARTX 50BlackwellRTX 40AIRTX50AI NVIDIA NVIDIAGPUNVIDIAGPU NVIDIAGPUNVIDIAGPUNVIDIA68.5%NVIDIAGPU NVIDIAGPUNVIDIANVIDIANVIDIANVIDIANVIDIANVIDIAAINVIDIAGPUAINVIDIAAIGPUGPU NVIDIANVIDIAAICNVIDIAGPUNVIDIA ASICRAMPCB90% (trade restrictions on advanced computing integrated circuits)NVIDIAGPU 4,944.21,411.16,355.328.5% 4,088.71,681.65,770.341.1%NVIDIA RTX 50ODM/OEM 3,033.31,883.74,917.062.1%RTX50RTX 5090 GPU ODM/OEM1,055.4202.1853.319.1%ODM/OEMODM/OEM EMS346.051.4294.614.9%EMSATMPOS 509.5219.1290.443.0% 3,094.31,866.74,961.060.3%RTX 50RTX 50901,849.9455.61,394.324.6%ODM/OEMEMS NALAEMEAI17.6%44.9%24.3%45.8% 2,167.5381.82,549.317.6%RTX 50ODM/OEM NALA NALA840.8580.4260.444.9%RTX 1,373.31,104.6268.724.3%RTX EMEAI EMEAI1,591.91,091.7500.245.8%RTX 50 4,282.11,255.65,537.729.3%86.6%0.5%87.1%RTX50103.744.4148.142.8%RTX50 669.5558.4111.119.9%10.5%11.3%RTX 50RTX 50EMS 21.232.653.8153.8%49.223.825.438.916.422.54.20.2 54.215.970.129.3%RTX 50 35.9285.412.6%321.3221.328.1249.412.7%64.17.871.912.2% 6.316.410.1 17.81.316.57.3% 52.936.216.746.1% 250.4194.1 250.40.6450.645194.10.5000.5000.2597.0 776.333.1743.24.3% 637.023.0614.03.6%20.9149.5 109.213.395.912.2% 1%1.2 7.60.58.16.6% 8.16.91.116.50.416.12.4% 4,238.91,009.05,247.923.8% 1,608.4842.3766.191.0%RTX50GPU479.6217.4697.045.3%334.4483.0817.4144.4%28.365.794.0232.2% 980.9447.71,428.645.6%712.2419.81,132.058.9%92.147.6139.751.7% 1133111.23.77.47.9294.61133111.41.91.510.4280.3730.146.0% 176.619.7156.911.2% 29.05.423.618.6% 52.72.150.64.0% 2,334.0197.32,136.78.5% 2,073.9786.02,859.937.9% 1,076.4437.21,513.640.6%816.2419.01,235.251.3%RTX 50GPU260.218.2278.47.0% 35.64.730.913.2% 51.816.868.632.4% 819.5281.01,100.534.3%GPU 40.51.539.03.7% 11037.52.239.75.9% 12.655.067.6436.5% 79.312.067.315.1% 3,063.938.81.93,023.2 1,978.42,388.01,803.2 1,608.4842.3766.191.0%4039 1,271.7804.3467.458.1%2930 1,235.2816.2419.051.3%3733 670.3558.5 0.455.8 894.8817.6811.8797.558.2 0.3349.0 100% 49.0%30.5% 20.9 7.3 6.3 CBPHTSUS8473.30.11808471301301330125%25198.3CBP CBP25198.311.892.4 (1)10%(2) 2,9472,536 571XV352 3365% 0.2596,971,0000.2077,576,000 (1)(2) C3 710 C1C.2.1D.2.5 C.2.1 1387 7 D.2.5 勄 1. D234 2. 211 211 3. 4. (a) 15 4. (a) 4. (b) 5. 21,337,00032,349,000 15121 7. 8. 9. 58/99/M212 20177 9. 8.25%216.5%216.5%2150% 15%15%25%25% PC Partner Technology Pte. Ltd.(International HeadquartersAward)DEI(Finance and Treasury Centre Incentive)FTCDEIFTC10%8%—15%17%17% 50%16.516.550:5060 9. 11.013.0 2350% 10. 0.250.2096,971,00077,576,000 11. 12. 20,865,00013,823,0006,261,0003,251,0001,244,0002,741,000 13. (a) (b) 139,683,00092,130,000 13. (b) 60906090 (c)2,473,0002,445,000 (d)2230125%30111.892.4924.0 15. (a) (b) 16. 16. (i)2.8%4.5%2.8%4.7% (ii)348,977,000353,139,000173,244,000177,123,000 (iii)338,000334,000 (iv) 18. 19. 20. 21. 21. 21. (a) 21. (b) Dreamscape Immersive Inc.4.514.5143.42%43.42%4.42%4.42% 1437,000433,000368,000364,000 22. CBPHTSUS8473.30.11808471301301330125%25198.3CBP CBP 25198.311.892.413(d)