瑞风新能源中期报告2025

2025 2 5 6 8 22 27 28 31 00527 Windward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands 1282801–2804 www.c-ruifeng.com 5202001 2002 Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkP.O. Box 1350Grand Cayman KY1-1108Cayman Islands 1617 181,373,000171,128,0006% 398.4()1,066969 49.8 3001.2— 3001.2 183,438,000173,602,00030%45,328,00064,580,00040,357,00021,844,000 181,373,000171,128,0006% 151,000 1,914,000 2,474,000 138,110,000109,022,00075%63% 30%45,328,00064,580,000 14,225,0009,452,0002,005,0001,562,000 27%28,458,00022,469,000 60,079,00063,765,000 14,446,00021,762,000 40,357,00021,844,000 1,714,719,1430.051,714,719,1430.051,714,719,1430.05 243,371,000242,118,0001,373,000244,609,000 2,314,811,0002,076,627,000238,184,000 98%97% 2,314,811,0002,076,627,000550,931,0001,763,880,000 5,228,00010,406,000 94,768,0005,000,00099,996,0005,000,000 171,600,000 0.65 WellFoundationCompany LimitedWell Foundation(i)294,183,000(ii) Well Foundation19,612,000313,795,0008%0.485 356,375,000356,375,000 294,183,0004,000 10%0.18 1,979,861,111(i)100.04%(ii)50.01% 494,278,7790.721 (2)(5)0.181,277,353,730229.9 1,187,403,7300.05211.0 (i)(ii)(1)(2) AAA590,615,905A933,689,137A106,310,863115.8933,689,1371,016.7 Atlantis New Hong Kong Equity Fund LimitedBBBB119,437,859161,701,29123,409,820161,701,291B TradArt Flagship Investment SPC — Growth Engine Fund SPCCCC98,000,00098,000,000C 6.757.43 (i)(ii)(iii) AABCAA 1,800,000,00051320,000100,0001,800,000,000 1,644,500,0009.46% 1,400,000,000 517,493,000568,990,000290,926,000271,022,00054,450,00054,450,000 154152 27,527,00024,686,000 (A) 571XVXV78352C3 1.2.216,206,9003.356,375,000494,278,77928.83%4.1,714,719,143 (B) 336XV23 1.216,206,9002.356,375,000494,278,77928.83%3.Atlantis New Hong Kong Equity Fund LimitedB119,437,859161.7825,006,585B944,444,44455.08%BAtlantis Investment Management LimitedAtlantisInvestmentAtlantis InvestmentAtlantis Capital Group Holdings LimitedAtlantisCapitalAtlantisInvestment AtlantisCapitalBAtlantisCapitalAtlantisCapital4.A590,615,905933.75,187,161,873 A5,777,777,778336.95% AA 5.1,714,719,143 C1 C3 10 10 171,471,91410% 17,147,1911% 25% — — 223 Windward 3, Regatta Office Park, P.O. Box 1350, Grand Cayman KY1-1108, Cayman Islands1282801–2804 2 34 2— 230,366,00040,357,000 (i)415,173,000454,934,000 (ii)41,300,000(iii)790,701,000400,000,000 3 3.1 3.2 3.2— 3— 3.2— 3.2— 3— 3.2— 4 5 (a) (b) 5— 10% 15 6— 30 10 25% 5–10% 11 (a) (b) 12 13 439,065,0003,543,0002,058,000595,000 14 3,123,0003,859,000 415,000 (a) 262,926,000243,022,000 30 2,030,0002,030,0001 52,353,9200.54652,353,920 19— (a) (b) (i) 356,375,00010%0.180 (i)(ii)15% 0.1801,000 (b)— (i)— 19.4% (5)0.01(1)0.050.18 (b)— (i)— 22 8 23