慧居科技中期报告2025

目錄 2 4 5 16 24 25 27 28 29 48 公 司 資 料 202536 152202 9517B 18323201 6819 202582220258222025822 20251 17FCPAFCCA FCG HKFCG2025117 22 H 183171712–1716 180 151–161 2481 http://www.hjkj.cn 財 務 表 現 摘 要 — 20188820231155.5%20271382024-2025 20277082024-2025 EMC EMCEMC 20242010759.6834.08.9%111.7112.30.5% 管 理 層 討 論 與 分 析 (a)(b)(c)EMC (1) 20256 3020256 3050.2202463048.53.5%723.2696.5(a)573.1551.4(b)92.492.5(c)57.752.6 A. 20256 30387,28020246 30385,841 B. (a)(b) C. (a)(b)20256 30737.620246 30698.9 (2) 23.3122.280.9% (3)EMC EMC1.5 (4) (a)(b)(c)11.613.815.9% (5) 202522024202522024202532025ESG202532025520256 管 理 層 討 論 與 分 析 20256 3020246 30 — ——— EMC (a)(b)834.08.9%759.6 (a)(b)(c)(d)600.213.4%520.0 管 理 層 討 論 與 分 析 239.6233.82.5% 31.5%28.0% (a)(b)(c)(d)70.23.1%72.4 3.419.4 (a)(b)17.618.44.3% — 3.92.277.3% 7.510.125.7% 18.423.321.0% 27.335.924.0% 148.7154.73.9% 111.7112.30.5% 20256 30309.1202412 31645.731.0202412 3174.2 20256 301,074.2202412 311,470.020256 301,511.9202412 311,913.220256300.7202412 310.8 20256 300.52024 12 310.5 管 理 層 討 論 與 分 析 20256 30695.9202412 31726.7338.61202412 31299.7 20256 30170.3202412 31149.2101.6202412 31102.4139.0202412 31198.8162.5202412 31175.010.4202412 319.9 20256 30112.0202412 3134.0 20256 304.23%2024 12 314.43%20256 30695.93.10%5.19% 2024 20256 3032.3202412 3129.2 20256 30732.0202412 31733.3 20256 30137.9202412 31127.5 20256 30 管 理 層 討 論 與 分 析 20256 30830202412 3184946.6 5 2025+ 2025 (1) (2) 其 他 資 料 20256 30XV(a)XV78(b)352(c) 2.202492226,000,000226,000,000HH226,000,000301,600,000226,000,0000301,600,000H 3.20256 30H301,600,000 4.201,000,000H201,000,000H66.66% 5. 20256 30XV(a)XV78(b)352(c) 1818 20256 30336XV23 其 他 資 料 1.2.202492226,000,000226,000,000HH226,000,000301,600,000226,000,0000301,600,000H3.20256 30H301,600,0004.H5.H 6.H 7.H 8.H 9.H 10.201,000,000H201,000,000H 11.H 12.H 13.H 14.H 20256 30336XV23 20256 30 其 他 資 料 13.51B(1) 1.20258 222.20258 223.20258 22 13.51B(1) 3.21D.3.3 20237 10187.520251 1107.663.1%202563054.2% D211(8)(i)2025 6 30(ii) (1) (3)571 其 他 資 料 20239 1920254 25 (1) 20251 170%20255202512 20266 (2) 20256 3020.718.72.018.2(i)(ii)2023/2024202312 20256 30 20252024 78 759,571833,999 (520,005)(600,205) 89—10 (3,888)(2,247) 117,48110,077 11(18,432)(23,250) —1115 (10,951)(13,173) 2,6064,579 12 (27,251)(35,927) 148,664154,654 111,741112,28736,92242,367 —— 148,664154,654 130.370.37 — 2947 202563020241231 1617181519 202563020241231 22237(b) 2947 2447 1 20109 3152 202 H20237 10 20256 3020258 22 2 34 202412 3120256 30 20256 30437,639,000225,837,00020256 30695,867,000338,550,000309,090,000 中 期 財 務 資 料 附 註 2 20256 30 20256 305025020251110202512502026325120266141203012 202563012 3 202412 31 (a) 20241 1 1620241 1120241 1120241 17720241 1 3 (b) 9720261 11920271 11820271 11028 4 202412 31 5 5.1 202412 31 202412 31 中 期 財 務 資 料 附 註 5 5.2 20256 30 202412 31 5.3 202520246 30 6 104202412 3145%2023202455%20242025 7(a) 63020252024 — ——————— —— 202520246 30 (b) 8 1816 9 (a) 17 11 — — 20256 3015%202463019%) 13 (a) (b) 202520246 30 14 20256 3020246 30 中 期 財 務 資 料 附 註 15 20256 30 20256 30202412 3124,273,00024,814,000 中 期 財 務 資 料 附 註 20256 30 (a) 20256 302024123120256 30202412 3117(a) 20256 3020256 302025630 18 (c) (d)20256 30202412 31732,049,000733,349,000 19 (a)—26(b)— 中 期 財 務 資 料 附 註 19 112233 (b)(c)9(d)20256 30202412 31137,900,000127,454,000 20 (a) 20 (b) 21 20256 30202412 31 202563020241231 —(a)— —(a)—(b)— (a)2025630170,322,000202412 31149,151,00019(d)101,625,000202412 31102,375,00018(d)138,995,000202412 31198,778,00019(d)162,500,00020241231175,000,00019(d)18(d)10,424,000202412 319,934,00019(d) (b)20256 30112,000,000202412 3134,000,000 (c)20256 304.23%2024 12 314.43% 202563020241231 ——(a) — (a) 112233 中 期 財 務 資 料 附 註 23 (a) 24 202563020241231 41,67038,113 25 (a) 202563020241231 1 (b) 202563020241231 26(a) i) ii) (b) ii) 27 20256 30202412 31 28 20256 30 釋 義 20137 31 GEM C3 20115 23 20258 釋 義