易点云中期报告 2025

: 2416 目錄 2452238404143444566 41 131 Suite #4-210, Governors Square23 Lime Tree Bay AvenuePO Box 32311Grand Cayman KY1-1209Cayman Islands •8835 1 27 12B 993501 1 Maples Fund Services (Cayman) LimitedPO Box 1093Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands 2416 https://edianyun.com/ 183171712-1716 2023525 *EBITDAEBITDA(i)(ii)(iii)(iv)EBITDAEBITDAEBITDA 2025ITITITITITIT202563052,3575.3%14811.3% (i)ITITIT (ii) (iii)ITITIT IT2025ITSaaS •ITITIT •IT •SaaSSaaSSaaS IT2024ESG (1)IT(2)2024630202412312025630(3)502022(4)IT(5)(6)IT(i)(ii)(iii)(7)1212121212 202588.9% 202552,357202449,7375.3%(i)(ii)ITAIPC(iii)(iv)ITIT 202527,709202426,4364.8%202486.2%202586.5% 2025630148 2025IT 2025ITIT 20252931 AI 2025deepseekAIAI PCAPdeepseekAIITAI AIITAI ITITIT2025 AI ESGESG 2025IT 20256620257926,534,70020257142025728 2025630(i)IT(ii)(iii)SaaS 2025630699.62024630646.98.2%IT IT 2025630IT625.92024630576.98.5% 202563067.9202463064.16.0% SaaS 2025630SaaS5.820246305.91.8% ITSaaSITSaaS 2025630411.72024630369.911.3% IT 2025630IT338.92024630301.712.3% 202563070.6202463067.05.5% 2024630277.04.0%20256 30287.92025630202463041.2%42.8% IT 2025630IT287.02024630275.24.3%202463047.7%202563045.9% 20246302.920256302.76.5%20246304.5%20256304.0% 202563030.0202463033.09.1% 202563042.6202463070.839.8%AI (i)(ii)(iii) 20256307.320246306.86.6% (i)(ii) 20256308.720246306.436.1% 202563015.5202463013.71.8 (i)(ii) 202563063.1202463057.95.2 20256308.320246304.8 202563045.7202463016.529.3 EBITDAEBITDA EBITDA(i)(ii)(iii)(iv)EBITDAEBITDAEBITDAEBITDAEBITDAEBITDA 202563020241231556.7400.6 20256301,488.6892.9427.6168.1 20256301,552.720246301,441.47.7% 20256302.15%12%2.15%9%3.55%12%20246303.15%12%3.15%9%4.64%12% 2025630160.9%20241231168.5% 2025630 20256301,429.7725.820256301,562.6 20252024386.4426.0(i)177.7184.5(ii)208.7241.5 20256620257926,534,7002%–4.5%2025630143,2874.1% 20256305% 2025630 2025630 20256301,238202412311,43020251362024630144 ITIT 20222252023515––D. 202412620232023202357,798,986202310% 2025422202314,400,00011,520,0002,880,0009,600,0007,680,0001,920,00020% 2023(i)14,400,0007,680,0002023(ii)1,920,000 2025613202352,366,50710%20255212025613 202561320231465,760,0002,821,4000.0000520256132025623 2025630 2025630C1 C.2.1 C.2.1(i)(ii)(iii) C32025630 2025630 •24102025630 202563026,371,99914,792,500 202563046,013,50015,217,500 2025630 20256 30 202352558,575,00017,572,50041,002,50097.020235242025630 (1) 2025613 202563013.51B(1) 2025630XV(a)XV78(b)352(c) (1)(2)2025630533,987,643(3)JPC Edianzu Holdings Limited77,372,780(4)2022221(5)51,581,860(6)831,040202412620232,400,00058,073(7)144,0601,194,740202412620232,400,000115,011 2025630XV(a)XV78(b)352(c) 2025630XV23336 (1)(2)2025630533,987,643(3)77,372,780(4)(5)51,581,860(6)Geometry Ventures LimitedGeometrySonorous Venture Ltd.SonorousYDZVentures LimitedYDZEase Villa Venture Ltd.Ease VillaEasyRent Venture Ltd.EasyRentEntropy Investment L.P.EntropyQuark Venture LimitedQuark11,071,47019,511,3205,535,73027,730,93018,085,39012,726,38027,128,080GeometrySonorousYDZEase Villa EasyRent Entropy QuarkSource Code Super Holdings Co.Source Code SuperHoldings Co.Enlightenment TrustTrident Trust CompanyLimitedJoywood Wealth Management LimitedGauss Ventures LimitedWhealth Holdings Limited(7)MatrixMatrix Partners China IV, L.P.Matrix IVMatrix Partners China IV–A, L.P.MatrixIV-A70,401,0407,039,330Matrix IVMatrix IV–AMatrix ChinaManagement IV, L.P.Matrix ChinaMatrix ChinaMatrix China IV GP GP, Ltd.(8)34,609,950,70%30%(9)(http://www.hkexnews.hk/)2025630 XV23336 202222517–D. 2023 2024126202320232023 2023(i)(ii) 2023 2023202320232023 20232023 (i) (ii) 124812202312 (i)(ii)(iii)(iv)(v)12(vi)12 (i) (ii)(iii)(a)(b) (i)1010 (ii) 2025613202352,366,50710%9.8%20255212025613 121% 2023108.4 19 11,520,0007,680,0001,920,0001,920,0002,880,0001,920,000480,000480,0001441,920,0001,861,40010 11,520,0007,680,0001,920,0001,920,0002,880,0001,920,000480,000480,0001441,920,000480,00020% 1441,381,4004825%12122023121,381,400122023 1,381,40020231,381,4001,381,4002023 2023 (i)(ii)2023(iii) (i)(ii) 20256132025521202542220256132025623 202317,597,166202341,865,10732,581,400556,524,0805.9% (i)(ii)1217.03D1%(iii)120.1% 2025630 13.2013.2113.22 20258252025630 40652025630343434 2410 34 •2025825 2025630 a.10%50%25% b. 2025630 2025630 1. 2. 34 2025630245,389,000 3. 202563020241231 202511 21 2025630 4. IT 10%2024630 *IT 4. (a) 2025630 4. (b) IT–IT IT4(c)IT15 IT SaaS SaaSSaaS 4. (c)16IT 5 5. i. ii. 2025630 6. i. ii.6 7. 8. 9. 11. 202563012,939,00020246301,182,000 2025630 12. 2024630 2025630 13. 79,070,000202463078,392,00025,810,000202463097,378,000 177,695,0002024630184,533,000 133620246301336208,714,0002024630241,541,000206,995,0002024630238,417,000 14. 2025630 i. ii. 21 17. 436,620,0002024630368,235,0002.15%12.00%202412312.30%12.00% 2025630 18. 202563014,79