盛业中期报告2025

2 3 4 5 22 42 43 44 45 47 49 截至2025年6月30日止六個月平台科技服務收入比例52.0% 截至2025年6月30日首次實現AI信息服務收入（人民幣）>40萬元 11018518048 Tung Chi Fung 89424202 Fong Heng Boo202596 Ocorian TrustCaymanLimitedWindward 3, Regatta Office Park, PO Box 1350Grand Cayman KY1-1108, Cayman Islands Fong Heng Boo202596202596 1617 www.syholdings.com Tung Chi Fung •8835 Tung Chi Fung 8501-2 6069 Tung Chi Fung Windward 3, Regatta Office Park, PO Box 1350Grand Cayman KY1-1108, Cayman Islands 5 2025 AI+AIAI+AI Agent2025630 •203.022.9%•405.17.1%•79.094.1% AI AgentDeepSeek •202563019,1002,78014.4%28.7% •202563097%80%30%30%••20256 30AIAI AgentAI40.0 AI Agent2025630 •1050018030.0%•88.0%28.3%•210.637.0%50.0% AI2025630 •2.730.0%•88AI•AI27.0%60.0% AI101,000 •6SHEINShopee202563028.08 •1,900.0 7 •AI for Science2228.hk1450.hkAIAI Agent •60H8001,000PAI 11720241231202512312026123190%20241010202551620259.5 Web3.0 • SHEINSHEINTemuCiderPatPat •Web3.0 0.1%2025729202588 2025630436.17.1%405.1 153.837.0%2025630210.6 AI Agent 275.029.5%2025630194.0 7.294.1%20256300.4 9 20256305.4(i)(ii) AI40.794.1%202563079.0 20252024630 2024630108.213.8%2025630123.26.3 202563030.4%202463024.8% 2025630203.02024630165.137.922.9% 2024630166.0202563022.6%203.5 20252024630 1.2. 11 20256303,166.444.6%20254,004.9202435.8%2024220258.4%0.1 202563022.720241231217.1 20256306,894202412315,1251792024123117310,000,000543202412313431,000,00010,000,0006,172202412314,6091,000,000 202563020241231726202412317256.00%15.50%202412315.00%15.50% 202463065.744.6%202563036.4202563020256302024630 20256304,742.119.3%4,636.022.4%62.820246.2%20255.3% 2025202463025%202463027.3%202563025.1%15% 202563068.0202463062.0 13 • • (i)(ii) AIOCRNLP 20256302025630712.8202412 31515.692.2%7.7%20253,559.52024630574.62,984.9 20256304,742.1202412315,136.120256301.95202412311.58 20256302024630 15 2021 2021924202120218.8063,068,0002021 2021202110563,068,00020218.80PavilionCapital Fund Holdings Pte. Ltd.20216.29%550.8456.2 8.80(i)20219249.567.95%(ii)202192459.7189.45%(iii)2021924109.7179.44% 20255 2025513202552025511.9917,480,0002025520255174,800 20255202552017,480,0002025511.9922281450202551.74%208.7193.711.94 11.99(i)202551212.886.91%(ii)202551213.1048.50% 2025520255 2025520255132025520 20259 202593202592025910.6656,286,0002025920259562,860 20259202591056,286,0002025910.66202595.29%592.87540.8510.53 10.66(i)20259211.235.08%(ii)20259212.2713.12% (i)AI Agent(ii)(iii) 40%(i)(ii)(iii) 20259AI+20259 202592025932025910 17 202120255 202120222023202412312025630202120255 2025630132.40.220241231236.90.2 202025630 20256301,814.865.329.781.6290.3202412311,401.414.2100.330.280.43,067.1 630 20241231 2025317202542320241231 232024123147.4 2024123147.41.745.6 19 A2024792505020253312024792024823 2025630 202563015.25202463013.5212.8%20242282024320202442420242 2025630 AI+ AI 202563037020241231363202563083.80.71.2202463081.95.10.9 21 4855%1,500 2025630 2025630XVXV78352C3 1.561,436,96055.66%Pak Jeff TrustPJTungTMF(Cayman)LtdTMFTungPJTungTMF2.L3.2025630521,000TMFTung521,0000.05%4.2017 2025630XVXV78352C3 23 2025630XV233365% 2.561,436,96055.66%PJTungTMFTungPJTungTMF 521,000TMF521,0000.05% 2025630XV233365% 2017 2017619201720177620245212017 20172017626 (a)2017 20172017 (b) (d)1.0028 (c) 122017201720171%1220171%2017 25 (d) (i)(ii)(iii) (e) (i)201710%2017740,000,00074,000,00010%6.95% (ii)201730% (f) 201710 201791112,620,0004.2052,000,00020172022910 201811148,970,0006.9051,000,000Loo Yau Soon200,000600,000201820231113 202071517,400,0006.685Tung Chi Fung3,000,000400,000Loo Yau SoonFong Heng Boo300,0001,200,000 202261011,000,0006.46101,500,000 27 20256302017(i)(ii) 8,322,208(iii) 2,752,792(iv) 2,450,000(v) 17.07(1)(c)202071520226106.606.32 17.07(2)20251120256302017 17.09(3)20178,322,2081,064,804,7920.78% 201720172017 2022462024521 202246 (a) (i)(ii) (b) 29 (c) (i)2%1,004,628,50020,092,5702%1.89% (ii)1% (d) 10 (e) 20226101,340,0001,340,000 30 2025630(i)(ii)(iii) 420,000(iv) 50,000(v) 17.07(1)20226106.32 17.07(2)2025112025630 17.09(3) 31 20245212024521 2024429 (a) (12) (b) (1)(2)(3)(4)(5) (a)(b)(c)(d)(e)(f) 33 (c) 32 (21) 1.00 (d) (1)(2)(3)(4)(12)(5) (a)(1)(4)(b)(2)(3)(c)(4)(d)(5)(e)(1)(5) (e) (i)(ii)(5)(iii) 35 (f) 10%989,750,00098,975,00010%9.30% (3)(i)(ii)10%(3)17.03C(1)(b)(c) (g) (a)(12)0.1%(b)120.1% (h) (12)1% (12) (i) (10) 37 20241129319,9217.251099,336 2025324259,58012.881082,812 2025630 117.07(1)(d) 2025630(i)259,580(ii)579,501(iii)(iv)(v) 17.07 (1)(c)2024112920253247.2512.88 17.07(2)202511202563098,655,07998,395,499 17.09(3)98,975,0001,064,804,7929.30% 17.09(9)2025630810 17.07(3)202563020170.99% 36 2025630521,0000.05%(i)(ii)(iii) 2025630 C3 63013.51B(1) 39 202563025% 2025630C12 C1 201776GEM201910242025630 13.22 13.222025630 2025630 20176193.213.24C1D.3 2025630 •24102025630 41 Fong Heng BooFong202596Fong202596 Fong202596202596 20