碧桂园服务2025中期报告

（於開曼群島註冊成立的有限公司）股份代號: 6098 2025中期報告 38 440 642 944 2646 34 Cricket Square, Hutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands 114 Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands 1617 * 8835 * 126 18171704 10092425 50112 www.bgyfw.com 6098 2018619 23,185.54,299.11,002.6*1,567.729.82 + * 5.5%69.2%1.1%66.0%71.0%(IFM) 2.5937942 AIAI ESGESG 8,00018,4134,0004038 AI 2025202520251202520252025ESG (i)(ii)(iii)(iv)(v)(vi) 202563013,605.86.7%58.7% 20256301,063.390.18,1083140.2% 2.5937942 PIA1696.28%30%20% 71.4%11(IFM)IFM (i)(ii)(iii)(iv)(v) 2,103.95.3%9.1%+4,20065%20255,000605501200 292.317.8%1.3%(i)(ii)(iii)(iv) 2018202563090.14,156.0915.7 20251531517.87 1,778.518.0%7.7% (i)(ii)(iii)(iv) 296.8 2025 (i)(ii)(iii)(iv)(v)(vi)2025630202463021,046.210.2%23,185.5202414.9% 202463012,751.96.7%13,605.858.7%202460.6% 1 202563020241,005.657.71,063.3 20246301,997.85.3%2,103.99.1%20249.5% (a)20246301,058.81,288.821.7%(b)2024630362.0179.150.5%(c)2024630294.4309.95.3%(d)2024630146.7156.56.7%(e)2024630135.9169.624.8% 20246 30355.5292.317.8%1.3%20241.7% 20246302,467.24,156.068.5%17.9%202411.7% 2024630877.4915.74.4%3.9%20244.2% 20246302,170.01,778.518.0%7.7%202410.3% 2024630331.6296.810.5%1.3%20241.6% (i)(ii)(iii)(iv)(v)(vi)(vii)(viii)(ix)(x)(xi)(xii)(xiii)(xiv)(xv)(xvi)(xvii)(xviii)18,886.4202463016,592.813.8% 20246304,453.4154.34,299.13.5% 202463021.2%2.718.5% (i) 202463022.9%1.121.8% (ii) 202463039.0%8.630.4% (i)(ii) (iii) 2024630-6.5%6.60.1% (iv) 20246309.7%1.87.9% 20246306.7%0.16.6% (v) 202463016.0%3.412.6% (vi) 202463031.0%5.125.9% 2,205.420246301,793.922.9%20248.5%1.09.5% 20248.6%0.49.0% 82.92024630117.529.4% 137.92024630119.718.2 332.12024630488.232.0% 1,002.620246301,545.635.1% 996.620246301,440.430.8% 6.12024630105.294.2% *1,567.720246301,840.014.8% 875.22024630270.3 (i)2024(ii)(iii) 2024123136,617.0202563036,619.82.8(i)944.1(ii)2024988.9(iii)2,120,00011.1 20256 3021,665.22024123122,162.3497.1623.8 20256 3019,894.22024123117,689.42,204.8 20256 302,244.8202412312,364.7119.994.8 202412313,663.220256303,848.8185.6 202412318,245.320256307,768.5476.8 20256309,498.0202412318,634.2863.8 (i)(ii)(iii)(iv)(v)(vi) 202412316,021.320256307,134.2 20256 30858.220241231870.3 202412312025630 202563016,472.82024123118,178.61,705.8 (i)4,841.6202412312,281.4(ii)446.720241231560.01,461.420241231 202563012,044.92024123113,896.01.4202412311.5 2025630217,69220241231214,3468,557.5 20247 9202420247 22202460225,350,0005.0120256302024111,652,033 20242024202420242024 202411185.57109,000,000 20256 301,7128,47276.46 2025630 20256301,906,441,000202412 31 202563023 202563027 2024123113.5214.7616.0917.57988,945,00020255232025829 20256302024630 20241118 20253 272025327520253 2759,189,8309,089,000 202556 202556Fortune Warrior Global LimitedFortune WarriorFortune Warrior1,000,000,000 20255 8Fortune WarriorFortune Warrior543,695,233202556 13.51B(2)13.51(2) 20255 212024 2024 2025523 202412202571 (i)(ii)GEM(iii)2025630 2025630 3.21 •2410 C1 2025630 C3 20256 3020256 30 13.51B(1) 20242024 2025523 20254TAL 20256Vision Deal HK Acquisition Corp.782720256 20256H01099 20255300976 20256106 202563013.51B(1) 202563049,143,3907,552,000 11.12,120,000 20256 303,343,376,14220256 30 20182022 2024 20247 9202420241118102034782024 (i) • •• (ii) 2024 (iii) •2024334,302,033202410% •202466,860,40620242% 2024334,302,033220,650,00010% (iv) (12)1%(12)1% (v) 2024(10) (vi) (12)12 (vii) 1.00 (viii) (a)(b)(5) (ix) 2024(10)20242024 (1)20242024722225,350,0001220254120304 12024(i)(ii) (2)20247224.87531,422,81711120242025424202444.19 (4)20251120256302024110,152,033111,652,03366,860,40666,860,406 (5)20247 22(i)1%(ii)120.1% (6)20242024722225,350,0002024722 2024#1231*1231202024#3312024#2024#1231 2024#2023^12312025+12312024# #2025202620272028*^2024202520262027+2026202720282029 2024#1231(a)(b)(c)2024722 (7)20246.66% 2024 202411 181020341117 (i) (i)(ii) (ii) •• •••• (iii) •109,000,000•109,000,0003.26% (iv) 33,430,000 (v) (vi) (vii) (viii) (ix) (10) 109,000,0002025112025630109,000,000 20256 30571XV352 20256303,343,376,142 (1)20256 30Fortune Warrior Global LimitedFortune Warrior418,332,094125,363,139Fortune WarriorFortune Warrior20255 8Fortune WarriorFortune Warrior543,695,233FortuneWarrior1,000,000,00020237 29674,640,8671,218,336,100 (2)240,0002018313201911 71,000,667 (3)3720205,558750,200 (4)202420245.01 (1)20216 17HH2021715H2021819H12025630178,102,160 202563018 20256 30336XV23 L S 20256303,343,376,142 (1)20255 8Fortune WarriorFortune Warrior418,332,094125,363,139Fortune Warrior1,000,000,000 (2)20248 26 (3)20237 29674,640,867674,640,867 2025630XV23336 38722025630343434 2410 34 202463020246 302024822 • 2025827 2025630 2025630 2025630 2025630 2025630 1. 34 2. 202563020241231 202511 21 3. 3. 20252024630