中电光谷中期报告2025

China Electronics Optics Valley Union Holding Company Limited : 798 目錄 2 4 5 7 28 35 36 37 38 40 42 44 80 798 Windward 3Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands 29111101 161 199353518 Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands 1817 183171712-1716 Appleby18424201-0312 77334 http://www.ceovu.com/ 2025 2025630 2025 20251,470.711.51,038.270.6% (CEC) 2025826 24102025630 2025 20252025 1,538.9108.78%197.031%88.3119.631.313%2,324.9595.434% 1,470.711.52.11.1 1,038.270.6% 2025630532.0 2025630(i)(ii)(iii) OVU EPC1,038.2202468.8 P+OEPC P+OEPCPOEPC + OEPCOEPC524.8117% EPC372.32024115.5 iAPPOVUEMS 1954.922%417.2202440.710.8%202563,293.652418.92%74.98% OVU20158OVU1+2+3+4+5+N2236402,0008 2025630OVU212792180 202563028.580.2202418.1% (IT)(OT)OVU++PKS1+N 202563059DHC1,235 82.443.4202419.3 20111,000 72.420246.1% 432.5202480.322.8%101.926.5 2025630 1 9.552.616.7%120++59.952.416.6%57.451.716.4% 1318 12.92.2701.688.3 2025630 4.1313.20202563058.23 532.0 2025630 2 202563095.867.470%117.24.4% 114 Nreal Ltd.NrealD 202582652,800,00013,440,56812,420,0000.2550.2420.265 1,470.7202411.50.8% (i)(ii) 1,103.620247.50.7%20246 30202563075.1%75.0% 367.120244.025.0%202424.9%0.1% 65.3202433.0 70.620242.1% 157.720243.72.3% 3.5202417.36.1 70.1202438.0(i)10.5(ii)18.7 2.120241.1 202412311,948.2243.120256302,191.3 202412314,844.6170.220256304,674.4 202412313,583.9396.420256303,187.5 202412313,681.6889.120256302,792.52025 145.5 75.0 202412311.2820256301.62 2024123142.9%202563045.9% 202412317,498.0497.420256307,995.4 202412 3120256301,150.91,038.3 202563012,276.72024123112,640.020241231 20256301,619.61,457.9 20256307,567.0202412319,885.8 20256 304,709.7202412312,754.2 21.0 20256 302,633.5 20256308,509420.68.1 16.0%20.0% OVUOVU 20256 306,289.9 20256307,995.4 2025630 2025617,348,0000.2330.1953,870,640202563017,348,000 2025630 20257960,512,0000.2650.24215,395,4722025952025613202572470,148,0002025911202597,712,000 2024123113.51B(1) 1818 20256 30XV(i)352(ii)C3 (1)XV(2)20256307,512,324,000(3)AAA FinanceLidao BVI100%AAA Finance1,784,188,000Lidao BVI120,000,000 2025630(i)352(ii) 20256 30336 (1)XV(2)20256307,512,324,000(3)81.66%(4)AAA Finance(5)100% 20256303365% 2025630 2025630 C1 C3 20256 308,50920256 30420.6 201612 22 20211214202612212016122220211214 2016122,928,380110,105,000152,998,0002025630152,998,0002%152,998,00020251120256302%2%)201612222025630 2025630 20258 26 36792025630343434 2410 34 2911110120258 26 P05444 202535 1 Windward 3, Regatta Office Park, P.O. Box1350, Grand Cayman KY1-1108, Cayman Islands 2025826 2 34D220241231 202563020241231802,050,000202412 311,013,574,0002025630EBITDA20256301,455,822,000202412 311,345,475,000 2 2025630761,947,000202412 31230,000,0002026630202412 3120251231433,269,000202412 31437,883,000 ••650,471,000•805,351,000202412 31837,630,000• 2 •20256 303,830,469,000202412313,352,169,000 •• 202563020256 30 •• 2 •(1)(2)•• 3 20251120256 3020241231 4. (a) 2025630202511 21 2025630 (b) 97972024 1 1 17910712 18 19210283 120261 1220271 13 18202711 5 20241231 6 13 • • • 6 (a) 2025630 20241231 6 (b) (a)5%20256301,030,0005%2025630158,000(b)5%2025630998,0005%2025630154,000(c)5%202563019,600,0005%20256305,210,000 2025630 6 (c) 20252024630 7 7 • • • (a) 7 (a) 2025630 7 (b) 10% 8 10 (i) (ii)20256302024630 (iii)25%1,000,00025%20%1,000,0003,000,00025%20%15% (iv)30%60% (v)10%20081120071231200811 12 20256302024630 13 (a) 1,771,000202463017,614,00020256307,341,978,00020246307,359,797,000 (b) 20252024630 14 130 20256 30Cushman & Wakefield International Properties Advisers20256303,543,000202463013,781,000886,00020246303,445,000 20256 301,366,700,000202412 311,489,100,000 61232024630 15 3 202563020241231(i)(ii)(iii) 17 18 19 20 21 (i) 9M2 \9 (ii)20256 30593,923,000202412 31637,871,0005%202412 315% 23 24 (i) (ii) 25 26 (i)202563020241231 •13414 • 2025630406,086,000202412 312025630482,679,000202412 31356,611,000 26 (iii) 5%202412 314.95% 2EBITDA3.003.002025630802,050,000202412 311,013,574,00020256301,455,822,000202412 311,345,475,000 2025630761,947,000202412 31230,000,0002026630202412 3120251231433,269,000202412 31437,883,000 26 650,471,0002 202563020241231 27 27 (i)202563017,348,00020246304,508,0003,870,6403,576,00020246301,691,7601,539,0002025630280,00017,068,0002024613202561920246302023615 0.22320246 300.3750.1950.23320246300.3450.383,870,6403,576,00020246301,691,7601,539,00020256 3017,348,000202563020246304,508,000202357,520,00062,028,000202412 (ii)20256 30152,998,000202412 31152,998,00017,348,000202412 31 28 29 30 (a) 30 (b) 30 (c) (i)12202412 311220256 307.0%20246307.0% 7%202412 317% (iii)26(i)453,501,000353,704,0004.0%4.6%2024 12 314.6% 31 52,800,00013,440,56812,420,0000.2550.2420.265 *