高视医疗2025中期报告

(於開曼群島註冊成立的有限責任公司)股份代號: 2407 中期報告2025 2356182324252628293151 高 視 醫 療201711120221212 20高 視 醫 療 97927 David Guowei Wang 1333304–3309 4th Floor, Harbour Place103 South Church StreetPO Box 10240, Grand CaymanKY1-1002, Cayman Islands (ACGHKACG) 11A1901 David Guowei Wang 20258282025828 10040-41 131 617 Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman, KY1-1002Cayman Islands 82111108 1617 2407 www.gaush.com 2025630 •2025630653.12024642.01.7%•202563035.9202426.933.5%•20256300.2620240.19•202563043.4202435.123.6%202420256305.5%6.6%19.7%21.4% 4+2511357*24 2025630(i)16572(ii)1915HeidelbergQuantel MedicalSchwindOptos(iii)516,000(iv)T3-600T3-40020254202562025520258 2025630165 4+22025630203.038.3%202433.6%2025630170.511.4% 20256301915HeidelbergQuantelMedicalSchwindOptos2025630327.16.8% 20256301351317*2414,0002025630119.18.3% 20256304+225228.0%OK43.423.6%21.4% 202552025Fabrinal OKRGPOK20252026OK 2026 T3-600T3-400202542025620258 KOL1915HeidelbergQuantel MedicalSchwindOptos KOL5,000Teleon Surgical B.V.Lentis Quantum Toric2025 5135 + (i)(ii) 2024630642.01.7%2025630653.1 2024630298.45.8%2025630315.7202463046.5%202563048.3%(i)(ii) (i)(ii)(iii) 202463016.812.5%202563014.7 (i)(ii)(iii) 2024630115.50.1%2025630115.6 202463018.0%202563017.7% (i)(ii)IT(iii)(iv) 202463073.615.9%202563085.3 202463020.649.0%202563010.5 202463035.123.6%202563043.4RGP 202463012.020256308.2 2025202463031.5 202563035.9202463026.9 2024123197.736.5%202563062.0 202563060.52.5%4.5% 20241231334.48.1%2025630361.5(i)(ii)(iii) 202412311632025630193 20241231170.93.3%2025630176.6 20241231412025630483090 2024123170.31.6%202563069.2 (i)(ii)(iii)(iv)20241231163.34.8%2025630155.5 Rigeo B.V.Rigeo B.V.20241231910.511.7%20256301,016.6Aracare Ltd. 20241231294.40.9%2025630297.1 20221212202563014,789147,887,8690.0001 20252025630323.220241231421.423.3%149.72025630 2025630422.492.2330.22025630 202563012.7202463010.2 100%202563028.0%2024123134.8% 202563015 2025630 2025630100.0 2025630 202563081920241231884192.12024630184.0 20248281717.12173,111,6002.10%26.60202511202563014,797,03614,797,0362024828 20256302024630 DavidGuowei Wang 20256302025630 2025630XVXV78352 (1)(2)2025630147,887,869(3)2025630GT HoldCoGT HoldCo63,263,528(4)2025630GMC IV74.42%GMC IV6,156,481(5)2025630GMCV33.33%GMCV3,436,116(6)2025630GMC TeleonHima Holding Ltd Huyang Group Ltd62.22%33.33%Hima Holding LtdHuyangGroup LtdGMCTeleon955,879 2025630XVXV78352 202563018 2025630XV23336 GT HoldCo(3)OrbiMed Advisors III Limited(4)OrbiMed Asia GP III, L.P.(4)OrbiMed Asia(4) (1)(2)2025630147,887,869(3)2025630GT HoldCo(4)2025630OrbiMedAsia18,039,426OrbiMedAdvisors III Limited OrbiMedAsia GP III, L.P.OrbiMed Asia GP III, L.P.OrbiMed AsiaOrbiMed Advisors III LimitedOrbiMed Asia GP III, L.P.OrbiMed Asia 2025630XV23336 2025630 202413.51B(1) 2025828 202413.51B(1) 202422GaushNetherlands202422GaushNetherlands52.548 (i)(ii) (i)(ii) 202563013.2013.2113.22 2025828 Ernst & Young27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong 高 視 醫 療 科 技 有 限 公 司 2450高 視 醫 療2025630343434 2410 34 2025828 2025630 2025630 20256 30 2025630 2025630 20256 30 1. 20256303420241231 2. 20241231 21 21 3. (b) 4. 5. 6. 2,000,0008.25%16.5% 25% 2020202312202563015% 3,000,00025%20%5% 6. 15.825%14.35%15.75% 200,00019%200,00025.8%TeleonHolding B.V.(innovationbox)9% 7. 2025529202412310.30 20256302024630 8. 146,000,5062024147,970,369 2025630 9. 202563014,350,00020246304,164,000 2025630589,000202463026,00019,000202463011,000 *60,488,0008,000,0002.5%4.5% 11. 11. 12. 12. 13. *2025630387,517,00045,938,000GaushCoöperatief U.A.100%Teleon Holding B.V.100%5,665,000674,000 6301231 i)20256303.50:1EBITDA ii)4.00:1EBITDA **202563014,081,000高 視 醫 療6,853,000202563020,816,000高 視 醫 療 16. 16. (i)1,297,100202412311,214,600 (ii)20251120256301,347,20020256302,561,800 17. 20252Gaush Teleon Korea LtdTeleon Korea2025318Teleon KoreaAracare Ltd.100%236,0001,852,000 17. **0600,00005,040,000Teleon KoreaTeleon Korea0 17. 12 20256301,825,000231,0001,232,000156,000 20252025630654,187,00035,869,000 18. 2025630 19. 20. (a) (b) 20. 21. 2025630 21.