信义光能二零二五年中期报告

2 3 13 24 25 27 29 31 68 83 10,931.86.5%58.8%745.88.2120.33 107.1%212.21 1 (i)(ii)(iii) 2 (i)(ii)(iii)(iv)(v) N 83.9%16.1%30 6,2455,8414044,5851,56010050% 2025(Snapshot of Global PV Markets 2025)10% 1218 23,2001,800 800 7.3%9,474.1 23,20017.5% 31.6%23.9%68.4%76.1% 2.03.23.22.0 0.7%1,427.91,437.6(i)(ii)(iii) 5,342.52,1741,244 3,140.21,141.636.4%1,998.526.9%18.3% 10.111.4%21.5%(i)(ii)(i)(ii) 2.4%913.4936.263.5%65.6%(i)(ii) 159.141.2200.3 29.466.7(i)47.48.4(ii)13.730.4(iii)7.710.4(iv)2.64.9 51.638.5%71.50.4%0.7% 547.3102.518.7%444.8(i)57.6(ii)21.3(iii)4.7%4.1% 313.7 220.9261.1173.1204.231.240.1 14.413.510050% 467.1139.819.0%12.2%(i)(ii) 50% EBITDA EBITDA2,445.03,605.932.2%EBITDA22.4%30.8% 745.81,810.858.8%15.5%6.8% 3.1%58,704.23.1%29,949.21.301.14 1,567.41,144.91,054.62,761.81,534.1931.53,367.92,658.53800 28.7%31.0% 1,127.8918.0 80.4 20 8,0876,8501,237597.3 17,050,000 23,2001,800 36 7713 1 2 34 2 (a) 211 2 (b) 3 3 (1)(2) 3 3 3 3 3 3 6 8 (a)223 (b)25% 15%15% 15%15%9% 8 (b)25% 50%25%25% (c)24%24%70,947,00050,888,000 (d) 5% (e) 9 (a) (b) 10 10.04.210.0 4.29,078,447,365 ——0%10%313,667,000 12 13 14 14 14 09091180181365 09091180181365 14 80,378,00082,189,000 696,869,000967,905,000 90 09091180181365 17 18 18 8002.1% 19 20 14.830100%51.62%3.27 21 D.C.S.M.P.S.M, D.M.S.M26.79%23.68%49.53% 21 (a) 21 21 (a) (i)14A(ii)(iii)(iv)(v)(vi)(vii)14A.76(viii)(ix) 21(b) 21(b) 21 (b) *#P.S.M,D.M.S.M.30% 7.8% 9,902,00018,492,000 22 22 4.210.0183171712-1716 C1C.2.1 C.2.1 C3 (1)(a)(b)(c) 17,050,00013,338,000293,00013,045,000 3.123.19(%)53.88(%)8.013.51(%)2.94 890,989,18344,549,459 873,939,18344,549,459 0.19% 3,500,000892,000 0.950.97(%)49.04(%)5.263.50(%)2.84 648,066,772648,042,208 0.04% XV(a)XV78(b)352(c) (i) (1)Realbest Investment LimitedRealbestRealbest889,357,636(2)12,095,238Xin Yuen Investment LimitedXin YuenXin Wong Investment LimitedXin WongXin Wong50%(3)D.C.S.M(4)Copark InvestmentLimitedCoparkCopark227,932,43639,160,520(5)Perfect All Investments LimitedPerfect AllPerfect All94,145,5843,942,7841,623,254(6)Telerich Investment LimitedTelerichTelerichTelerich312,338,945 (ii) (iii) (1)Charm Dazzle LimitedCharm DazzleRealbestCharm DazzleRealbest483,504,73387,526,0733,775,2054,579,314(2)D.C.S.M33.98%16.21%16.21%11.85%5.56%3.70%3.70%5.09%3.70%(3)D.C.S.M(4)Sharp Elite HoldingsLimitedSharp EliteCoparkSharp EliteCopark192,410,35530,553,20614,910,018(5)Will Sail LimitedWill SailPerfect AllWill SailPerfect All47,557,8429,657,353394,278162,325 XV(a)XV78(b)352(c) XV23336 (1)D.C.S.MHigh Park Technology Limited322,022,082D.C.S.M20,674,682(2)D.C.S.M(3)Telerich Investment Limited2,482,87240,788,066(4)Goldbo International Limited(5)Goldpine Limited(6)Linkall Investment Limited(7)Herosmart Holdings Limited8,085,886476,492 XV23336 Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands ø~P.S.MD.M.S.Mø< 2 #+ <#ø<*ø< 1352121092115 *#+ø~< 88343418 183171712-1716 97927 http://www.xinyisolar.com 009682,0002.49226.1 Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands