国美零售中期报告 2025

（於百慕達註冊成立之有限公司） （股份代號：493） 目錄 2 3 151617192021 48 49 49 50 52 20252024 2.89.4 20256306  管理層討論及分析 2025 202529716975.74%201811.11%5127476221,9269689121,3464,43269.63% 2025 20255.3% 20255.0%52%20%833.3% 202447202533000812 管理層討論及分析 1 2025 2 (SOP)++ 3 2025429 管理層討論及分析 33 • 2025630476 29716975.74% 2762018 716224219.64%422127 13019332.64% 6028968150.426110.66 38355430.87%4852375271593 管理層討論及分析 7927316317118 6221,926534214314 124 3983,492 968912 1,3654,40469.01% 613 1,3464,43269.63% 2.89.4 75202449 96202412020%23116071 2,35920242,4202.52% 管理層討論及分析 2722024329 4,83320245,1075.37%6,3923,1353,257 1785.71% 1430 37133 3175 20256306 480 88940172202581114 20256301782292025630591463520256301,633162 10% 2025630 管理層討論及分析 (1)201820201017.8%42022 (2)201920212023202575%9 (3)202020231007%3 (1)2020420020235%2025630196.80 (2)2020610020235%202563073.7499.11 202563023,36422,031106.05%20241231112.45%202563020,170115.84%20241231109.74% 202563033920,63489542,6164,12118648196878 ++++ 2025 630620252024 56 6(1,365,447)(4,403,751)86,019(12,585) (1,359,428)(4,416,336) (1,346,343)(4,431,909)(13,085)15,573 中期簡明綜合全面利潤表20256 306 中期簡明綜合財務狀況表 12131414 中期簡明綜合權益變動表 中期簡明綜合現金流量表20256 306 11 630 14314 中期簡明綜合財務資料附註 20256 306 1. Victoria Place, 1st Floor, 31 Victoria Street, Hamilton HM10, Bermuda8292915 2. 20241231 2. 202563061,359,428,000202563038,626,787,000202563041,825,128,00023,357,628,000202563075,048,000202563023,363,901,00020256302025630 (1) (i)(ii)(iii) 中期簡明綜合財務資料附註 20256 306 2. (1) 550550 (2) 5372025 2. (3) (4) 273,742,0001,959,607,00020231227105,000,00021.6495%2024123145,000,0001.24128,640,00020245282025331(i)(ii)20253312025630202571799.99% 中期簡明綜合財務資料附註 20256 306 2. (4) 200 (5) (6) 2. 12(i)(ii)(iii)(iv)(v)(vi)(vii) 中期簡明綜合財務資料附註 20256 306 3. 20241231 202511 21 4. 20242025630699% 20242025630610% 5. 中期簡明綜合財務資料附註 5. 6. * 中期簡明綜合財務資料附註 7. 8. 25%202425% 16.5%202416.5% 9. 2025829202420256306 中期簡明綜合財務資料附註 20256 306 10. 47,310,080,0002024630647,205,472,000 202420256306 (1,346,343)(4,431,909) 47,310,08047,205,472 中期簡明綜合財務資料附註20256 306 11. 202563065,981,00020246308,608,000 20256306459,339,0002024630621,358,000126,533,0002024630669,00017,257,00020246306519,000 12. 3366 13. 15. 33661212 中期簡明綜合財務資料附註 20256 306 15. (i)8 8 , 7 4 6 , 0 0 072,955,00020241231168,666,00072,955,000(ii)53,936,0002024123153,936,000(iii)78,021,0002024123178,906,000 16 16. *135 (ii)2,368,522,000202412312,330,444,000 (iii)20256306349,0006,621,00020241231 中期簡明綜合財務資料附註 20256 306 17. 2020417100%21.2151,283,950,61720204282021391.201,300,000,000 2020528JD.com International LimitedJDJD.com, Inc.JD100%11.255621,513,9442020630202139JD1.24629,032,258 JD5%2 202563020241231 20256 306 17. 20231227105,000,00021.6495%2024123145,000,0001.24128,640,0002024528151,640,0002025331(i)(ii)20253312025630202571799.99% 18. 2025630591202412317724620241231553520241231411120241231141,633202412311,37416220241231146 中期簡明綜合財務資料附註 19. (a) (i)AIAI(ii)******A 19. (b) A 20. 中期簡明綜合財務資料附註 20256 306 20. 20. 202563020241231 中期簡明綜合財務資料附註 20256 306 20. 2025630 20241231 20. 202511 2025630 20246306 21. 2025630 額外資料 (a) 2025630XV352C3 2025630XV352 (b) (c) 2025630 (d) (e) 2016103 2. 3. 額外資料 2025630620256301,289,065,0001,506,543,00020203.15% 20161032017106 200541520189122,155,762,74210 202563062025112025630 1120256302,155,762,742 2025630336 (a) 1.4,923,506,6023,315,899,938S h i n n i n gC r o w n H o l d i n g s I n c .1,200,000,000Element Assets Management Limited160,000,000HillwoodAssets Management Limited246,706,664Smart Captain Holdings Limited900,000 (b) 2025630XV23336 202563062025630 額外資料 2025331Danube Innovation Limited2020630120235%(i)183•C1-49(ii)20256302025717 202562520256306 20256306C1 C3 13.20 2025630613.20 20256306 Victoria Place1st Floor31 Victoria StreetHamilton HM10Bermuda 8292915 Appleby Global Corporate Services (Bermuda) LimitedCanon’s Court22 Victoria StreetPO Box HM 1179Hamilton HM EXBermuda 1617