滔搏2025/26 中期报告

目錄 2 3 4 13 19 26 公司資料 50037 P.O. Box 309Ugland HouseGrand CaymanKY1-1104Cayman Islands Maples Fund Services (Cayman)LimitedP.O. Box 1093Boundary Hall, Cricket SquareGrand CaymanKY1-1102Cayman Islands 30-34The Edge6M1 183171712 1716 92822 6110 22 財務摘要 2025GDP5.3%2.5% ektos3,700NBAIP 首席執行官報告書 ExtelESG500TOP1002025TOP100 5.8%12,298.6 0.141.0% 5.5%0.133.2% 9.7%789.10.36.4% 20258312,538.11,354.7202583113.00102.2% 1+N— 首席執行官報告書 + +nordaTM2025by UTMBNBAFuture ofStyle 20258314,68819.4%14.1%20252286.6%4.6% + N 8003,6003,700 +IPnordaTMsoarCieleNorrøna 首席執行官報告書 ektosektos 8,900 IP99 IPIPPINGUBOBOtheBALLIPNBAIP+ 92.9%60%35%6 首席執行官報告書 + AIAI AIAIAIAI •••+•ESG 20251022 管理層討論及分析 202583112,298.620248315.8%993.8202483111.3%789.120248319.7% 202483113,054.75.8%202583112,298.6 The North FaceNBAHOKA ONE ONE 11.3%2025831993.89.7%2025831789.1 20248317,692.35.6%20258317,261.220248315,362.46.1%20258315,037.4 41.0%202483141.1%0.1202583120248 316,119.94.7%5,833.9 20258313,575.420248313,821.929.1%202483129.3% 管理層討論及分析 2025831505.52024831495.04.1%20248313.8% 202583133.2%202483133.1%0.1 202483146.8202583143.32025831 202483159.3202583152.12025831 2025831197.02024831234.6202483121.2%1.2202583120.0%25% 202583139.0202483177.2 2025831132.72024831207.4 2025831202483114.099.7%12.72 2025831789.12024831873.86,201,222,02420248316,201,222,024 20248312,702.91,277.320258311,425.6 202583190.32024831110.4125.19,950.01.49,950.033.4 1,313.720248311,619.52,130.02,630.2570.72024/25124.02024/25744.13,900.0996.7 20258 315,168.33,900.01,268.320252283,584.12,130.01,454.1 管理層討論及分析 20258 3120252 281,268.320252281,454.1 20258 312,630.2 20258 31 2025831 20258 31 2025831 202583124,273202522827,27920258311,291.320248311,361.510.5%202483110.4% 202583113.00806.2 202512182025125 202510 221.001.077914.01 202512182025125202512 3202512 52025122 1831717121716 831 中期財務資料的審閱報告 203820258313434 2410 34 20251022 20258 31 簡明綜合中期財務資料附註 1 P.O. Box 309, UglandHouse, Grand Cayman, KY1-1104, Cayman Islands 2018952219613201820191010202583150% 0.10.1 2025831 2 2025831342025228 2025228 (a) 202531 21 簡明綜合中期財務資料附註 2 (b) 20253 1 979718191028 (1)(1)(2)(2)(3) (1)(2)(3) 3 2025228 4 4.1 20252 28 20252 28 4.2 20258 31202522845.92025831 簡明綜合中期財務資料附註 5 20258 312025228 簡明綜合中期財務資料附註 簡明綜合中期財務資料附註 10 16.5%202483116.5%25%202483125% 10%10%5% 11 (a) 簡明綜合中期財務資料附註 11 (b)20242025831 12 (a)20251022202622813.0014.01806.2(b)20255 2120252282.002.15124.012.0012.88744.120257182025831(c)20241023202522814.0015.07868.22025228(d)20245 2220242295.005.32310.115.0015.97930.220247192024831 簡明綜合中期財務資料附註 14 (a) 8(c) (b) 簡明綜合中期財務資料附註 14 (b) (c) 20258 312025228188.0241.820258312025228 簡明綜合中期財務資料附註 7,161.120248317,601.7100.120248 3190.620258 31 17 301520258 31 簡明綜合中期財務資料附註 17 (a)20258312,630.22025228996.73,900.020252281,730.0201.4%20252 281.7% (b) 簡明綜合中期財務資料附註 19 0602025831 20 : (a)20252 281.2% (b)20258 313,900.020252281,730.02,630.22025228996.7181.2%20252 281.2% 簡明綜合中期財務資料附註 21 20243 1202522820253 12025831 22 簡明綜合中期財務資料附註 23 (a)Hillhouse HHBH Holdings Limited創業(b)20258312025831(c) 24 20259 1 一般資料 2025831571XVXV78352C3 18352 20258 31XVXV23336 (1)20258 316,201,222,024(2)Hillhouse HHBHHillhouse HHBHHillhouse HHBH LimitedHHBH Investment, L.P.HHBH Investment, L.P.Hillhouse Capital Management, Ltd.(3)TMFTMFthe Generous Trust, the Trade Vantage Trust, the State Win Trust, the SullaTrust, the Supreme Talent Trust, the Speedy Global Trust, the Sea Wisdom Trust, the Sky Beauty Trust, the Keen SourceTrustthe Sola Fortune TrustTMF426,436,356 2025831XV23336 13.51B(1) 一般資料 C1 2025831C.2.1 C.2.1 C32025312025831 2025831 2025831