凌雄科技2025中期报告

: 2436 2 4 7 8 20 33 35 37 PO Box 309Ugland HouseGrand CaymanKY1-1104Cayman Islands 105501 33191918 Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand CaymanKY1-1102Cayman Islands 2022 1617 38223 2016 839 2436 www.bearrental.com 2025630EBITDA18.6194.14.5202440.6 2025 20251 2025826 IT 20254.9202440.618.6202422.3 1.202512.20254IT3.20257 IT ITIT IT ITITITIT 848.12024681.924.4% 191.92024183.74.5% IT IT76.6202477.00.5% IT 2025 IT ITIT (i)(ii)(iii)IT 1,116.72024630942.6202418.5% 202420246301,3091,5702024630520,896540,206IT IT 202420246303,112,0363,475,364 IT IT2024IT (i)(ii)(iii)(iv)1,014.82024630849.720242024630662.0818.6 101.9202492.99.7%20246309.9%9.1% 4.420247.70.5%20246301.1% 202463039.751.7202463021.6%26.9%202463086.5%88.8% IT IT202463045.545.8IT202463059.0%59.8% 202463013.63.9%13.1 202463077.319.6%62.120246308.2%5.6% 202463047.19.7%42.56.120246305.0%3.8% 202463014.538.0%9.020246301.5%0.8% 202463023.65.9%25.0 0.820246303.5 5.7202463039.8 18.6202463022.3 EBITDA EBITDA2024630140.238.5%194.1 EBITDAEBITDA EBITDA 2025630962.720241231893.47.8%20256301.3202412311.2 20241231743.52025630719.82024 (i)IT(ii)20241231102.82025630135.0IT (i)(ii)IT20241231255.62025630132.0 20241231132.92025630115.12025630 IT202563092.020241231107.415.4 (i)(ii)(iii)(iv)(v)(vi) 202563074.22024123167.76.52025630 2025630386.220241231295.92025630 2025630550.320241231531.2302.020241231278.0(i)838.420241231770.6(ii)13.92024123138.6 3.5%7.7%202412313.2%9.4% 202563019.22024123160.9IT 100.0%2025630113.1%20241231113.0% 2025630 20256309422024123197086.6202463093.8 LXBrothersBeauty BearD. 2025630 C.2.1200411 D.2.4(e) 20256302024630 1.LX Brothers 2022323LX Brothers 2022411020.016,622,44517,880,6025.06%LXBrothersLXBrothers10 (1)(4)25% (2)(4)50% (3)(4)13,563,963(i)1,296,00075%25%(ii)2,625,37650%(iii)9,642,58725%(4)SAB50%B(5)(6)2.32 202439 2.Beauty Bear 202241Beauty BearBeauty BearBeauty BearBeauty Bear30,000,0008.49%Beauty BearTeeroy Trust 2.1Beauty Bear 2025112025630BeautyBear35,325,900BeautyBear2025630Beauty Bear 2.2 2022412024112202411150.0110 (1)20241117.45(2)(3)202411143.60(4)SAB50%B(5)SABC50%(6)(7)(8)3,166,089(i)663,400(ii)1,220,000(iii)480,00050%25%25%(iv)802,689(9)(10)3.02 202439 BeautyBear Beauty Bear 202511202563025,243,424 202563017.07(3) 2025630XV(a)XV78(b)352(c) (1)L (2)BearFamily75,107,558BearFamilyBearFamily (3)LittleBear19,063,215LittleBearLittleBear (4)LXBrothersBeautyBear2,868,9681,361,25419,500TeeroyTrust Tricor Trust (1)L 2025630XVXV78352 2025630 2025630336 (1)L(2)55%(3)Shanghai Tong Yun Xin Xi Ji Shu Company LimitedDachen Chuangtong BVIShanghai Jing Zhe Xin Xi Ji Shu Company LimitedDachen Chuangjing BVIDachen Chuangyuan ODI32,941,2398,656,6644,737,974Dachen Chuangtong BVIDachen Chuangjing BVIDachen Chuangyuan ODI(4)Dachen Chuangtong BVIDachen Chuangtong BVI(5)Tigris Innovation Limited39,589,868JD.com Investment LimitedJD.com Investment Limited2025228FortuneRising Holdings Limited71.7%Fortune Rising Holdings LimitedFortune Rising Holdings LimitedFortune Rising Holdings Limited(6)36,896,59151%(7)Beauty BearTeeroy TrustTeeroy TrustBeauty Bear(8)LittleBear8.78%51.56%24.91%14.75%LittleBearLittleBear(9)Gold Bear Technology LimitedHuaHuaGold Bear Technology LimitedHuaBeauty Bear6,000,0003,000,000Hua3,000,000TeeroyTrust(7)2. Beauty Bear2.2.(10)LX BrothersTricor TrustTricor TrustLX Brothers(11)2025630353,259,000 2025630336 2025630 353,259,000338.1307.9 2024920(i)131.97IT(ii)(i)ITIT20%(iii)20253312024920 3.10(2)3.21 13.51B 13.51B(1) 63013.2013.2113.22 (www.bearrental.com)(http://www.hkexnews.hk) 2025630 20256 30 2025630 2025630 2025630 1. 2022110221961320221124PO Box 309, Ugland House,Grand Cayman, KY1-1104, Cayman Islands105501 IT 2. 34 20241231202420242024 3. 202511 4. 8 (1)(2) 4. 4. 2025630 4. 5. 6. 7. 8. 9. 202563016.5%202463028.25%16.5% 25% 2017102023112024202363015%202311202320242025 2022112022123112.5%135%2023112027123135% 2018175%20252024630 10. 20252024630 11. 12. 2025630128,556,0002024630141,432,000 202563018,180,000202463034,548,000135,00020246301,873,000 20256302520246304511,210,00020246306,659,000202563020256302024630 13. 090 16. 2025630453,729,0002024630424,804,000410,626,0002024630277,508,000 17. 18. 19. (a)2025630 20241231 20. 202522824,500,00049%50% 112,000 4,442,0004,442,000 20. (51%)23,014,000 20256305,053,000230,000 2025111,118,832,0004,671,000202511 21. 131415 22. LX Brothers 2022323LXBrothersLXBrothers (i) (ii) 20256304,328,00020246307,941,000 Beauty Bear 202241Beauty BearBeauty Bear (i) (ii) Beauty BearBeauty Bear Beauty Bear 2025630Beauty Bear 22. 202241 10 2022412,222,2226,000,000202320264120256303,000,000202412313,000,000 20256302022411,525,00020246303,184,000202563020246303,000,00020246306.8320246307.830.0120246300.01 2024112BeautyBear2452433,251,389 22. 20241115BeautyBear3434886,987 2025630