智升集团控股：2024/25年报

GEM GEM GEMGEMGEM GEMGEM 247264163677172737476136 Windward 3Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands 20241018202410182024101820241018 68A401 20241018202410182024101820241018 3111123 2024122320241018 20241018202410182024101820241018 CLKW Lawyers LLP16-18191901A19021902A 20241018202410182024101820241018 38223 Ocorian Trust (Cayman) LimitedWindward 3Regatta Office ParkP.O. Box 1350Grand CaymanKY1-1108Cayman Islands 1617 www.qtbgjj.com 8370 2025630 20251–753,58012.0%41,20810.9% 2020(AI)AIAIAI 152025214202522420253112025516 AI20252202415.6203031.912.66%304.020244650202531727 202561920256192025430 2025926 2020115Polyqueue Limited202020216 51% 51.314.238.4% 26.23.6 2022/2310 18.12.311.3% 20253550,034107,969.772025214202522420253112025516 AI 69.411.920.8%13.538.5 140,000 AI 69.411.920.8% 51.314.238.4% (i)21.512.436.4% (ii)26.223.0709.2%3.6 18.12.311.3%IT (i)(ii)(iii)(iv)54.40.61.1% 38.53.08.5%15.71.35.918.7 15.92.413.3%11.3% 3.715.1 12.911.3695.4%4.4%25.0%2.8%19.8%4.33.6 2.20.16.8%10.2%12.2% 2.20.2(i)SPV5,0004.7(ii)1.820242SPV(iii)1.2(iv)2024202622620252191.2 7.30.79.9%2.01.3 18.08.131.0% 6.11.019.6%1.5 11.99.143.3% (i)2.04.16.1 (ii)3.51.60.7 (iii)2.1(iii)(i)(ii) 2.27.45.269.6%(i)6.08(ii)0.6(iii)0.2 55.5 13.51.238.50.420.8%11.48.15.20.20.50.7 202563022.0202463018.7(i)3.14.71.6(ii)0.5(iii)0.3 202563037.4202463043.4(i)4.28.8SPV4.6(ii)1.8 20256301.920246302.9 202563016.420246309.4(i)202422612,400,000(ii)202563020,000,000 25 (a)20242 20242Billion Eggs LimitedRock Link Limited2024212,400,000202011520200.68318,155,1970.12024130.47012,400,000202020242 2024220241312222692202427 2024218,155,197 (b)2024 2024120.3(i)Lightning Cloud Ltd.GEM20(ii)ZLiving International Company Limited(i)33,000,000(ii)12,000,000202420242202410210.76020241220202521720242202412.90.28 20256302024 20242024102120241220202521720241126 (c)20253 2025327CMAG Fund SPC120,000,000202532025327430,000,00020253274.00 119,400,00060,000,00010,000,00049,400,0003.98 2025320253274307258212025519 202563020,000,00019,100,000202561920256196.116.43,125,00020256195.81 2025630 2025630202573 2025619630 20242202563013.220246306.542.2202463022.12025630202463020256301.220246301.1 2024122020242024122045,000,0000.302024218,155,197 202563015,388,853153,888,5290.1 202563035.9202463019.8 2025630 20256302.1320246302.27 2025630 20221253660,000,0002022412 202252545.012202467202212520223252023622024124 2022/23202381120238251020256305% 50,03413.2107,969.7715.929.150140,00020253202532760,000,00049,400,00010,000,000 2025630197202463014215.814.6 2025926www.qtbgjj.com 12022/232023811202382510 20231125 202415 220221252023622024124202472202232560,000,00045.02024116202467 2022/2349.8 202578,730.84 2024620 2025327202532CMAGFund SPC12090CMAG Fund SPC30422,500,000202563014.62% 1202572520258202025725 2202582120259302025821 2025327 2025725821 20241018(1)(2)(3)20241018 202412232024122324 2025630GEM17.50A(1) GEMC12025630 (a)C.2.1 201892024101820241223 (b)F.2.2 202410142024202420242024 202182202412232016519202141202410182016519202141 2018928 201612172016121720241018202261202410182024101820241018 6365 14 GEM23 GEM5.05(1)5.05(2)5.05A 14 20171204546 20241035.02D 2016121720241018201612172024101820226120241018 GEM5.09GEM5.09 2018928 2021822016519202141 2024101820241223 20241018 29 20241018 GEM23E.1.2(c)(ii)29 12 20241018 (a)(b)(c)(d)(e)(f)GEM5.09(g) 29 2022615 6770 75:2574:26 GEM5.485.67 20221292022129www.qtbgjj.com 20251020 (a) 64 (b) (c) ir@qtbgjj.com 2023531 15 2016 COSO GEM5.465.67GEMwww.qtbgjj.com 2020115Polyqueue Limited202020216 51% 50,034107,969.77 20.0339.0%28.8% 30,000,000300,000,0000.1153,888,5290.1 2025630202563028 34 (i)(ii)(iii)(iv)(vi) 71135 2025630 136 15 2025630 202563025 28 202563021.9 2017120GEM 2025630 2025630 20218220165192016519202141 2018928 201612172016121720241018202261202410182024101820241018 GEM5.09GEM5.09GEM5.09 6366 (a) (b) 2017120 12 (a) 2025630XV(i)XV78(ii)352(iii)GEM5.465.68 1.Lightning Cloud Ltd.100%Lightning Cloud Ltd.2.Sun Universal Limited100%XVSun Universal Limited3.XV4.2025630153,888,529 XV(i)XV78(ii)352(iii)GEM5.465.68 (b) 2025630336XV23GEM 2.2025327CMAG Fund SPC12090CMAG Fund SP30422,500,000202563014.62%3.Z Living InternationalXVEven Joy4.Brilliant TalentXVBrilliant Talent5.2025630153,888,529 2025630336XV23 201612192016121910 (a) (b) (i)(ii) (iii)(iv)(v)(vi)(vii)(viii) GEM(f) (c) (i)10%10% (ii)10%10% (iii)10% (iv)30%30% (d) 121%121% GEM23.04(1) 12 (i)0.1% (ii)5.0 GEM(i)(ii)(iii) GEM 23.04(1)(2)(3) (e) (f) (i)(ii)(iii) (g) 1.0021 (h) (i) 6,500,0004.22%20256301519 2021622021822024214 (a) (b) GEMGEM1,000,000 (c) 10,000,000 10,000,0002025630153,888,5296.50%6.10% (d) GEM23.04(1)202182 (e) (f) 10,000,000 (1)4,000,000(2)3,000,000(3)3,000,000 (g) 35,000,0003.5(1)2021623.354.48%(2)2021623.461.16%(3)20217133.87.89% GEM23.03