粤海投资2025中期报告

股份代號: 00270 2025中 期 報 告 2 3 4 6 7 9 11 13 47 61 62 63 ʮ̡༟ࣘ 2025825 MA(Cantab)MBA FCA 148粵2829(852) 2860 4368ir@gdi.com.hkwww.gdi.com.hk 1617(852) 2980 1333 002702,0001231 202510 1026.66202510 23 ᄲቡజѓ 粵 446粵20256 303434 2410 20256 3034 108 20258 25 ᔊ׼ၝΥฦूڌ ᔊ׼ၝΥৌਕًڌر ᔊ׼ၝΥᛆूᜊਗڌ 2025630 8(c)20251211,261,799,423粵粵2,335,074,000 ᔊ׼ၝΥᛆूᜊਗڌ 2025630 ڌඎݴږᔊ׼ၝΥତ 2025630 ڌඎݴږᔊ׼ၝΥତ ʕಂৌਕజѓڝൗ 2025630 1. 粵3 202412 9粵20251 820251 211,261,799,423粵粵99.9% 粵202412 31520251 120251 21粵20246 30 20256 3034D2202412 31 202412 312 24103 ʕಂৌਕజѓڝൗ 2025630 1. 20256 30202412 31622436 622662(3)63202412 31 202412 31406(2)407(2)407(3) 2. 20256 30202412 31 20251 1 •21 ʕಂৌਕజѓڝൗ 2025630 3. (i)(ii)(iii)(iv)(v)(vi)(vii) ʕಂৌਕజѓڝൗ2025630 3. ʕಂৌਕజѓڝൗ2025630 3. ʕಂৌਕజѓڝൗ2025630 3. ʕಂৌਕజѓڝൗ 2025630 3. ʕಂৌਕజѓڝൗ 2025630 3. 4. ʕಂৌਕజѓڝൗ2025630 4. ʕಂৌਕజѓڝൗ2025630 ʕಂৌਕజѓڝൗ2025630 5. ʕಂৌਕజѓڝൗ 2025630 6. ******^ ʕಂৌਕజѓڝൗ 2025630 7. 25%202425% 16.5%202416.5% ʕಂৌਕజѓڝൗ 2025630 8. (a) 20258 252024202482820256 3026.66202423.97 (b) (c)202412 90.193粵1,261,799,537粵20251 820251 211,261,799,423粵粵99.9% ʕಂৌਕజѓڝൗ 2025630 9. 202520246 30202520246 30 ʕಂৌਕజѓڝൗ 2025630 10. (b)202563012,448,775,000202412 3112,413,063,00014(c) (c) 20256 30743,521,000202412 31573,548,000680,906,000202412 311,559,488,000 ʕಂৌਕజѓڝൗ 2025630 11. (i)10%2024 12 318% ʕಂৌਕజѓڝൗ2025630 12. ʕಂৌਕజѓڝൗ2025630 13. (i) 14. ʕಂৌਕజѓڝൗ 2025630 14. (a)20256 3017,570,990,000202412 3119,356,059,000(b)20256 30657,960,000202412 31701,936,00079%(c)20256 3012,448,775,000202412 3112,413,063,000(d)20256 30粵71,060,000202412 312,353,088,000202412 312,570,889,000202412 31917,915,00022(c) 15. 16. ʕಂৌਕజѓڝൗ2025630 17. ʕಂৌਕజѓڝൗ2025630 17. ʕಂৌਕజѓڝൗ2025630 17. ʕಂৌਕజѓڝൗ 2025630 18. 20256 30202412 31 20256 30202412 31 ʕಂৌਕజѓڝൗ2025630 19. (a) (i)202412 31粵6,267,666,000 (ii)202412 31粵10,691,000 (iii)20195 18粵粵粵46%14.5%粵18.9120.74 (b)20166 8PPP 47.5452.13PPP2,089,565,0002,291,417,000202412312,077,131,0002,243,094,000 PPP20166 820235 31 ʕಂৌਕజѓڝൗ 2025630 20. 202412 912025121粵20251 120251 21粵粵3 (a) ʕಂৌਕజѓڝൗ2025630 20. (c) ʕಂৌਕజѓڝൗ2025630 20. (d) 202412 31 76,5178,871,7561,79917,58441,209355,93912,652,15913,456,794383,6621,393,9412,086,7291,324,980 40,663,069 (3,688,705)(9,385,824)(826,432)(441,312)(19,154,806)(1,858)(1,703,639) (35,202,576) 5,460,493 ʕಂৌਕజѓڝൗ 2025630 21. 20256 3020256 301,007,000202412314,714,446,0004,709,488,000粵 22. ʕಂৌਕజѓڝൗ2025630 22. (a) (i)(ii)(iii)(iv)3.63%4.75%20243.63%4.75%8,098,000202455,597,000(v)1.15%0.25%4.75%20241.15%0.95%4.75%7,182,000202459,271,000(vi)(vii)(viii)(ix)(x)(xi)4.2%2024 ʕಂৌਕజѓڝൗ 2025630 22. (b) 粵粵粵22(a)(i) 22. ʕಂৌਕజѓڝൗ2025630 22. (c) (i)(ii)30(iii)4.2%2024 12 312029(iv)2,353,088,000202412 315,938,722,0001.15%4.65%2024 12 311.15%4.75%202412 313,367,833,000(v)50%(vi)202412 313.63%(vii)202412 313%20256 30(viii)20256 3020257 24(ix)4.75%2024 12 31 ʕಂৌਕజѓڝൗ2025630 22. (d) 23. 20256 30557,092,0002024351,969,000 24. 20258 25 ၍ଣᄴীሞʿʱؓ 20256 3026.82202424.1111.2%41.02202436.8811.2% 26.66202423.97 94.28202494.870.6% 6.7%41.05202438.491.4%30020246,1003,20020246001.8820243.899.1%26.99202424.7311.2%26.82202424.11 20256 30970.97202412 311,355.95384.98粵粵2025630421.78202412 31416.585.2026.8220244.756.00粵23.35 20256 30粵粵96.04%2024 12 3196.04%粵99.0%2024123199.0%粵 ၍ଣᄴীሞʿʱؓ 24.2311.47202411.591.0%35.06202434.850.6% 202312 272024202620242026202420262024202520265,136,240,0005,259,000,0005,384,690,000 202120298.2202120266.152024202520260.3150.3230.331202120297 2.4%28.69202428.026.7%6.3720246.8323.96202423.253.1% 194,0004.004.39 20256 3016,595,200202412 3116,150,2003,094,900202412 313,345,900 20256 3010,836,80020246 3010,736,8002,297,90020246 302,054,40020256 301,187,000 ၍ଣᄴীሞʿʱؓ ၍ଣᄴীሞʿʱؓ 2.3%3,680,319,00020243,596,779,000187,111,0002024135,463,0001,079,398,00020241,150,568,0006.2% ၍ଣᄴীሞʿʱؓ 粵 20256 30粵76.13%2024123176.13%粵76.02%2024 12 3176.02%粵粵粵粵 粵粵3.6%821,509,0002024793,223,000粵9.7%491,600,0002024448,306,000 粵 ၍ଣᄴীሞʿʱؓ 粵 粵93.3%202496.4%3.0%23,852,000202424,585,000 20256 30202412 3195,8402024123195,94044.4%216,529,0002024389,592,00018.5%45,828,000202438,669,000 ၍ଣᄴীሞʿʱؓ 20256 3017202412 31191320256 30粵粵2024181粵181202412 粵1,25720241,2917252024698粵93.8%202493.4%72.8%202468.3% 6.8%336,542,0002024315,188,00051,058,000202463,655,00019.8% 粵 粵粵75%2024 12 3175%粵60016.79202413.6223.3%1.4%粵4.3%769,657,0002024804,563,000粵91,177,000202474,338,00022.7% 粵粵 粵25%2024 12 3125%20256 30粵3,20062.16202468.679.5%26.2%2,402,480,00020243,255,091,000粵101,217,0002024293,208,000粵18,264,000202454,800,000 ၍ଣᄴীሞʿʱؓ 粵粵10053 9.3%24,457202426,954粵289,948,0002024312,881,0007.3%147,110,0002024161,899,0009.1% 2016粵粵 20235 31粵20235 31 20256 30202412 312024123120256 3020.9022.91202412 3120.7722.43 4.2%80,750,000202477,486,0005.0%68,984,000202465,726,000 ၍ଣᄴীሞʿʱؓ 202412 9粵20251 820251211,261,799,423粵粵99.9%粵粵20251 21 20251 21粵91.0%251,831,