天宝集团2025 中期报告

2 4 5 19 34 36 38 41 (ACCA) Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands 151–1536610–612 516005 Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands 1979 www.tenpao.com 1617 https://tp.tenpao.com/zh-HK/investors-query 18 22 AI 19.3%2,948.117.9%526.7253.320.4%211.71721 6.25.230.2% 92.999.71AI18.3%39.7% AI60%AI 3,500WHPCAI AI(PCBA)9094.7%2AI 221.9 GWh26.5%32,676.34 2Meticulous Research3InfoLink Consulting4Research Nester 19.1%33.6%41.2% 20AI AIAI—AIAIAI 3.3%3.7%5 AIoTAI 6781,572630,000 AIAI4.818.057.5%7AIAI 338.4350.21.121.10 29.9%35.1% 99.7332.9133.8 230.4183.9163.3190.7 3.166.9 48.7%50.1% 610.8650.7 696.01,114.8 27(b) 8,000471.3395.7 C1 C.2.1 C.2.1 C3 6.25.2 1617 25% 571XV352 1. 2.TinYing Holdings LimitedTinYing Holdings LimitedThe TinYing TrustVistraTrust(BVI)LimitedTinYingHoldings LimitedVistraTrust(BVI)Limited * XV352 336 1. 2.Pandanus Associates Inc.PandanusFILLimitedFILFILPandanusPartnersL.P.Pandanus L.P.37.01%Pandanus L.P.PandanusPandanusPandanus L.P.FIL * 336 (i)(ii)(i)(ii)(iii)(iv) 19,348,000456,00018,892,000(i)(ii)99,544,000 103,038,896 10 (i)(ii)(a)(b)17.1317.0217.0417.0617.0917.01(1)17.1317.02 (i)(ii)(iii) (i)(ii) 10%10%24,746,3419.20% 121% 111.55 10 1. 2.2,000,000 3. 4.88540,000 21,410,0007.96%2,540,0003,336,3411.24% 13.51B(1) —777 —831,500396,000435,500851,000396,000455,000 13.51B(1) 36843434 2410 34 3684 1 223Cricket Square, HutchinsDrive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 2 34 3 3.1 3.2 3 3.2 4 5 5.1 5.2 5 5.3 •—•—•— 5 5.3 —— 5 5.3 (a) (b) (c) 5 5.3 5 5.3 (c) (i) 5 5.3 (c) (i) •• 6 (i)(ii)(iii)(iv)(v)(vi) 6 (a)(b) 6 8 10 16.5%2,000,0008.25%2,000,00016.5%2,000,0008.25%2,000,00016.5% 10 25% 15%15%15% 11 (a) (b) 12 6.25.263.953.6 661,823,000 14 (a) 14 (b) 15 — 15 16 17 3090 83,257,000332,282,00023(a) —7 19 4%8% 20 385,853,000584,942,00023(a) 1.53%2.05% 21 22 1.001.5510,700,00010,710,000 2,540,00012,409,0001,698,000 23 23 (a)505,840,000609,264,000 2017 23 (b) 24 (i) — 26 27 (a) 28 (a) 28 28(b) 28(c)