好孩子国际：2025年中期报告

2025 252329313233353638 GOODBABY 20253 2620253 2620255 2720255 27 Martin Pos 3 20253 2620253 2620253 26 20258 25120253 2620255 2720255 27 Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands 2 20253 2620253 2620255 2720255 27 97927 20253 2620253 2620255 2720255 27 1.20258 252.20253 263.20253 26 Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia CourtCamana Bay, Grand Cayman, KY1-1100Cayman Islands 1086 28215331 183171712-1716 698151501 www.gbinternational.com.hk info@gbinternational.com.hkir@goodbabyint.comenq_to_board@goodbabyint.com 1. 20256 30 2. 20244,187.62.7%4,300.9202420242.8%20242,201.53.0%2,134.82024279.427.7%202.02024299.224.5%225.92024187.343.7%105.52024202.238.4%124.6 2.7% (S&P Global)20252025ESG •20CYBEXCYBEXCYBEXCYBEX20242,158.213.6%12.6%2,452.4CYBEXCYBEXCYBEXCYBEXCYBEXCYBEXCYBEXCYBEX •Evenflo20241,133.85.2%2.5%1,075.3D2C •gb2024500.321.1%23.0%394.8gbB2BD2CgbSKU 4.3%2.4%378.42024395.34 •gb 2025 • CYBEXEvenflo gb •CYBEX •Evenflo2025Evenflo 202410.767.177.8 20244,187.62.7%4,300.9202420242.8% 20241,205.247.81,253.0 2024727.029.8756.8 20241,986.19.1%2,166.120242,201.52,134.8202452.6%3.049.6% 20240.60.20.8 2024279.427.7%77.4202.0 2024187.381.8105.5 2024202.238.4%124.6 202418.68.0 202487.756.7 2024217.929.5%153.6 48.1202430.6 202520246 30 (1)(2)(3) 20256 301,067.1202412 311,126.0 20256 301,460.6202412 311,455.1523.420241231475.9937.220241231979.2186.320241231178.91,274.3202412 311,276.2 20256 3020241231 20256 30393.5202412 31329.1 24.7202412 3124.5 201011 5201020205 252020 20256 3030.6%2024123132.8%1632.6%2024123134.8% 1720231 1202020255 272025201020202010202020102020 20256306,096202412316,231935.82024953.8 20252025512 20256 3020102020175,668,00020241231196,434,50020252025 (1)20256 301,668,235,666 (2)201510 710 (i)201810 7(ii)201910 7(iii)202010 7 (3)20183 2710 (i)20%20209 27(ii)30%20219 27(iii)20229 27 (4)20185 2810 (i)20%20215 28(ii)30%20225 28(iii)20235 28 (5)20195 2310 (i)20%20225 23(ii)30%20235 23(iii)20245 23 (6)18,175,000 (i)46,66620208 2820278 27(ii)46,66620218 2820278 27(iii)46,66820228 2820278 27(iv)1,320,00020209 2720283 27(v)1,980,00020219 2720283 27(vi)3,300,00020229 2720283 27(vii) 148,00020215 2820285 27(viii) 222,00020225 2820285 27(ix)370,00020235 2820285 27(x)2,139,00020225 2320295 22(xi)3,208,50020235 2320295 22(xii) 5,347,50020245 2320295 22 (7)202012 1110 (i)20%202312 11(ii)30%202412 11(iii)202512 11 (8)20226 1610 (i)20%20256 16(ii)30%20266 16(iii)20276 16 (9)102,074,000 (i)58,778,00020257 220347 1(ii)9,422,20020267 220347 1(iii)17,844,80020277 220347 1(iv)9,694,00020287 220347 1(v)6,335,00020297 220347 1 (10)2 (11)20255 2720102020 20251 1202013,623,31620256 302025166,813,96620251020255 27203552620256 3020202025166,813,9669.99% 2025120.1% 1220251% 301.00(i)(ii) 20256 30 GOODBABY 20257 1 20256 30 (i)(ii)(iii) 20246 30 13.18 20244 20244 82024436160,000,0002024450,000,000 C1 20258 25 20244(a)(b)20% (1) (2) 2410 2024420244 820256 3020244133,550,000 20256 3013.18 21 C3 (1)L 20256 30XVXV78352 (2)Grappa TrustGramma Trust(2) (3)Silvermount Limited29,057,57318,253,000 (4)XV (5)XV (6)2,914,00096,000 (7)20256 301,668,235,666 20256 30XV352 (1)L 20256 30XV233365% (2)Grappa Enterprises LimitedGramma Enterprises LimitedGrappa Enterprises LimitedCayey Enterprises Limited99.99%GrammaEnterprises Limited99%Cayey Enterprises LimitedPUD26.72%Sure Growth Investments Limited53.33%Gramma Enterprises LimitedRosyPhoenix Limited99%Rosy Phoenix LimitedPUD26.72%Sure Growth Investments Limited26.67%Gramma TrustGrappa TrustGramma TrustGrappa TrustGrappa TrustGrammaTrust (3)20256 301,668,235,666 20256 30336 202413.51(2)13.51(B)(1) 13.51(2)13.51(B)(1) 202413.51(2)13.51(B)(1) •20255 27•20255 27•20253 26ESG•20253 26ESG20258 25•ESG20253 26 20258 25 Tel+852 2846 9888Fax+852 2868 4432ey.com Ernst & Young27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong 317220256 303434 2410 34 34 20258 25 1. 20256 3020258 25 20007 14Cricket Square, Hutchins Drive,P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands201011 24 2.1 20256 3034 202412 31 2.2 202412 31 21 21 3. (c) 3. 3. (b) 20256 30550,948,000423,440,00020246 30517,715,000412,805,000 4. (i) 20256 30 4. 4. (a) (c) (d)iiiiii 5. 6. 7. ******12 8. 16.5%202416.5%2,000,00020242,000,0008.25%16.5% 1%12%20171221%20181 1 15%23.2% 15.825%13.65%17.15% 21% 15%8%16% 9%375,000 25% GCPCEQTC2023202515% 9. 20255271,668,235,66620240.07116,776,00020256 20256 3020246 30 10. 20256301,668,235,66620246 301,668,031,166 105,388,0001,721,934,141 11. 11. 12. 105036110251512 (a) 12. (a) 202412 31 (b) 13. 14. 14. 15. 17. 6090 18. 19. 20. 21 21. 201011 52010202052520102020 1720231 1202020255272025201020202010202020102020 201020185 2810%2020202052510%12201020201% 120.1%5 21. 301 (i)(ii)(iii) 20206 19201020178 2820183 27201852820195 23202