巨匠建设中期报告2025

2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .29 H 1617 2025527(2025 5 27)(2025 5 27) 20255272025527 669 669 528 1459 www.jujiang.cn 196556050 2015128 2025(GDP)5.3%20240.3 346 202563013.60.2%94.612%4.593.5%4.4 5.5%4.6711.2% 202520256 302,335.34.339.1%74.4%20246 3016,147.520256302.7%16,575.9 (1)(2) (3) (1)(2)(3) 202598.26337 82%17%1%67%18.5%23%2.8% 202554.62QFJ01 115 8 4013 2024 243334145 BIMBIM3821565120242024BIM20243DAI 202563098.2%202463098.8%) 20246303,833.739.1%20256302,335.320256301,494.120256302025630650.6568.6239.3 2024630155.938.3%20256 3096.320246304.07%20256304.12%202463.51%202563.21% 20246308.9202563025.7%11.220256304.620246 307.5 202463078.48.9%202563071.441.2 202463043.972.8%202563012.0 20246309.162.4%20256303.4 20246 3016.313.1%20256 3014.2 20246300.31.920256 302.2202563020246301.5%202563033.9%2025630 202463016.874.4%20256304.320246300.44%20256300.18% 202563020241231189.2184.0 202412312,883.54.9%20256302,741.549.4%47.4% 202412312,162.64.8%20256 302,266.1202412311182025630173 202412313,274.33.5%20256 303,158.9202412311982025630262 20256 30595.520241231575.2498.020241231458.513.10%5.50%202412313.10%6.20%)20256 3097.5202412 31116.6202620324.41%4.90%202412 31202620324.41%4.90% 20256 30131.0202412 31133.5 2024123116.0%202563018.4%2025630 20256303.820246302.92025630 20256 3020241231 20256 3020241231 20256302024630 2025630 20256 30869483386202563042.1202444.96.2% 2025 2025 BIM+ 20256302024630 20256302025630 20255 27(i)(ii)(iii) 13.51B(i) 2025630571XVXV78352C3 (1)LXV (2)51.33% 2025630XV336 (1)LXV(2)H(3)533,360,000(4)38.25%(5)(6)36.75% 20246 30XV336 8.10 C120256 30 C32025112025630 2025630 2025630 20258 20 97927+852 2846 9888+852 2868 4432www.ey.com 225220256 30343434 2410 34 20258 20 (i)[2012]161.5%2%2022 11 21[2022]1361.5%-3% 20256 30 1. 20256303420241231 2. 20241231 21 (a)21 3. (a) (b) 4 20256 30 3. * 20256 30 3. 20256 30202412 31 * 20256 30 20256 30 5. 7. 20256 30 8. 25%2024 25%15% 9. 2025630 10. 202520246 30 20256 30 11. 20256303,806,00020246302,848,000 25,0002024630112,00020246304,000 20256 30 20256 30 16. 20256 30 (a)20256 3020241231130,982,000133,502,000 (b)20256 3020241231471,650,000422,570,000 (c)190,000,000202563020241231112,960,000124,807,0004.41% 19. 20. 21. (a) (b) 20256 3020241231471,650,000422,570,00018(b) 20256 30 21. 22. 20256 30 22. 22. 20256 3020241231 2024 23. 20258 20