正通汽车2025 中期报告

INTERIM REPORT2025 2132122232425272856 2025202520252024 20251090.110.8%5%–7%160546.833.3%50.2%957.012.0% 202563.610%10.3% 2025 2025 2025610 2025535122025212025—66 20256308,891.0297.52025 2025 8.6% 1. 202563026,8400.8%23,7474.7% 2. 2025 2025630504,2501,486.9 3. 60% 20256307.2% 3.2 2025 2025630693.0112.8%2024412024112024331 3.3 4S20254 63055.668.6% AITO 20256301536925 2025AITO 2025872025 2025155.4 2025 • •• ••• 20256308,891.020249,875.610.0% 20257,245.120247,983.39.2%202581.5%80.8%202594.3%94.0% 20251,486.920241,699.012.5%202516.7%17.2% 20256308,593.520249,698.511.4%202520248,497.811.8%7,496.520241,019.13.7%981.1 2025630297.52024177.267.9%3.3%20241.8%1.520244120241120243314 2025630459.72024470.62.3% 2025630516.52024504.42.4% 2025630543.72024233.2 202563095.2202488.3 63026 2025630887.52024634.8 202563013,644.52024123115,321.31,676.9 202563020,212.52024123123,654.23,441.7 2025630872.920241231573.1299.9202563077.92024630147.1 2025630275.52024630464.6 20256303,599.3202412313,307.0292.3202548.0202450.42.4 20256304,794.03,916.0872.95.0202412316,468.41,674.5202563019,192.52024123121,314.02025630874.7%202412311,387.8%2025630 20256307,342.4202412319,447.0 2025630 20256305,523202412315,6722025630360.22024630395.7 2025252,009 2025 AI 2025630XV(a)XV78(b)352(c)C3 2025630XVXV78352C3 2025630336 1.202563010,016,050,944 2.39.93%22,359,5009,062,857,2369,085,216,736 2025630336 20206124.5 5%122,611,0211%24,522,20491,931,0210.92% 14A 2025630202061247,100,0001.92% 47,100,000(i)35,700,00037(ii)11,400,000 47,100,0001.17847,100,00055,483,8004,710,000 1 2020612 (iii)10 2025112025630 202511202563091,931,021 202061220206182020831 20251250.156,669,060,524666,906,052.40.15(a)0.110036.36%(b)0.105242.59% 75%50%20255282025626,669,060,5240.15 1,000,359,078.609979140.15 20251262025331 * (i)100(ii)2702025630914544(i)174(ii)183(iii)1872025 842,977,68425.19%75.00%26.10.1520256920256301,573,178,528235,976,779.20 930,834,2089.29%9,085,216,73690.71%8.08(1)13.32(1)25%8.08(1)13.32(1) 2025692025630 2025630 930,834,2089.29%8.08(1)13.32(1)25% 13.32(3)15%15%2025722025729202581 20257112025711 C120256302 C32025630 13.51B(1) 2025630 202563024102025630 China ZhengTong Auto Services Holdings Limited 2025828 225520256303434 2410 202563034 108 2025828 2025630 2855 1 201079Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 4S 2 342025828 202520243 34 2024 241021 202412312024202412312025328 2 202563088820256306,5683,6911,955202563012 3 21— 4 4 (i)2024412024412024412024630325,635,0002024112024331279,723,0005 (ii) 5 6 (b) (i) (ii) 5%30,000 6 7 (ii) (iii)25%2024630625%202315% 8 (a) 2025630993,826,0002024630711,734,00020256304,367,979,83420246302,850,682,420 (b) 2025630 9 (1)4S 4S4S (2) (3) (a) ••• 9 (a) • 20256304S115,000,000202463012 (b) (c) 9 (d) 10 2025630275,486,0002024630464,581,0002025630100,048,0002024630141,593,0001,370,0002024630304,000 20256304S126,376,0002024630 11 202563038,207,0002024630107,011,000 12 12 10 2025630 — 2025630—2025630—39,790,00075,210,0002024630 2.0%20242.0%202563012%14%2024123112%14% 13 1239,790,0002024630 202563056,025,0002025630112,000202463020,183,000 2025630329,0002025630670,0002024630588,000 14 (ii) 20256308.66%2025320202412318.66%501,715,0008.66%202563020241231501,715,000 15 (a) (b) 16 (i)3,603,323,000202412313,894,117,000 19 20 21 22 (a) (i)20256302024630 (ii)20256302024630 (b) 22 (b) 20251256,669,060,5240.151,000,359,000 2025621,000,359,000916,749,0003,205,000913,544,000611,166,000302,378,000 23 1 2023228—2008.5%112008.5%202024217.8%2024228 1111501.5%10%210%10%2024219.3%20242281 20256301200 2 202341420236121001008.5%8.0%222008.5%8.0%20 23 2 22121501.5%10%9.5%210%10%9.5%2 202412312100 20256302100 3 20236302023831140,000,0001,010,921,00038.5% 3 4 20231111202312263501507.2%7.0%445007.2%7.0%20 434311501.5%8.7%8.5%210%8.7%8.5%4 23 5 202463024,132,000171,985,000657,295,00055.0% 5 6 202410252006.5%662006.5%20 64141501.5%10%210%10% 6 7 202411224006.5%774006.5%20 75151501.5%10%210%10% 7 23 8 20255235005.8%885005.8%20 86161501.5%10%210%10% 8 9 202563050095.0% 9 1932—19 359202563035963,414,000202463042,759,000107,127,0002024630 35910202563043,250,000202463035,012,00044,582,000202463034,586,000 24 13— • •• 24 20256302024630 (i) (ii) — 24 25 2025630 26 (a)20184S2018313 2022764S (i)(ii)236 202563020241231 26 (b)2023220162016 20243iii 20241115 2025630553202532020241231627202563020241231627 202563020241231 2025630 27 202563092,431,0002024630125,166,000 202563023 20256304,048,000 27 20257112025711 Cricket SquareHutchins DriveP.0. Box 2681Grand CaymanKY1-1111Cayman Islands 18346 Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins Drive, P.0. Box 2681Grand Cayman, KY1-1111 Cayman Islands 66911–12 89132C www.zhengtongauto.com (ACG, HKACG) 108 17