荧德控股2025中期业绩报告

2025中 期 業 績 報 告 GEM GEM GEMGEMGEM GEMGEM 3456782530 27132 Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office Park,P.O. Box 1350,Grand Cayman KY1-1108Cayman Islands 1617 11125 20258272025827 1 www.vistarholdings.com 8535 Windward 3, Regatta Office Park,P.O. Box 1350,Grand Cayman KY1-1108,Cayman Islands 3 20259302024930 2025930 10 20259 30 5 2025930 7 2025930 1. 201762722196132018212GEMWindward 3, RegattaOffice Park, P.O. Box 1350, Grand Cayman KY1-1108, Cayman Islands27132 20259 302024930 2. (a) 202593034GEM622 2025331 20259 302025331 20259 30 (b) 20253 31202511 21120251 1 (c) (d) 9 3. 20253 31 4. ––– 4. (a)2025930 4. (b)2024930 (199) 1,085 5. 6. 7. 8. 9. 28.25%8216.5%202416.5% 10. 11. 2024930 13. 14 303160619091180181365365 14. (a) (i) (ii) (i) 50%1250% (ii)2025331 (b) 15. (a)(b) (a)3090 0303160619090 16. (a) (a)20259301.9%6.5%2025 3 314.7%6.2% (b) 17. 3,800,000,0000.01 1,200,000,0000.01 18. 124 20182122.520282 11(i)(ii)(iii)28 1 GEM GEM 18. 30%10%10% 1,200,000,000120,000,00010% GEM23.03D(1)121% (a) (b) (c) (d) (e) (f) 19. 20259 302025331 20. (a) (i)Vistar Alliance 20253 3Vistar AllianceVistar Alliance20254 1202733150,000 (b) 21. (i) (ii) 154.082024930133.9820.1015.00% 0.4120249301.090.68 2.52(i)(ii) 2025 2025 2024930133.9820.1015.00%154.08 202493071.6881.659.9713.90%9.3615.88% 2024930117.5922.6219.24%140.21 202493016.392.5215.40%13.87202493012.23%9.00%2024930 202493014.790.845.70%13.94 0.8920241.182024930 20249300.200.029.05%0.18 0.4120249301.090.68 2.52(i)(ii) 20259 3063.72202533155.70158.702025331158.2939.81202533144.04 2018212GEM 20259 30121,200,000,0000.01 20259 3035.78202533138.77 20259 3025.08%20253 3127.82% 20252024930 20259 302024930 2025930 20259 302024930 2024930 20259 30108202411117.22202493018.43 – – – – – – – A. 2025930571XVXV78352GEM5.465.67 (1)(2)20259301,200,000,000(3)Success Step Management LimitedSuccess StepSuccess Step418,500,0005Legend Advanced LimitedLegend Advanced90,000,000Success Step508,500,000(4)Legend Advanced40%30%30%Legend Advanced90,000,000(5)20181 25Legend AdvancedSuccess StepNoble Capital Concept LimitedNoble Capital2018131Success StepNoble CapitalLegend Advanced90,000,000 2025930XVXV78352GEM5.465.67 B. 20259 30XV233365% (1)(2)20259301,200,000,000(3)Success StepSuccess Step418,500,0005Legend Advanced90,000,000Success Step508,500,000(4)Noble CapitalNoble Capital391,500,0005Legend Advanced90,000,000Noble Capital481,500,000(5)20181 25Legend AdvancedSuccess StepNoble Capital—Success StepNoble CapitalLegend Advanced90,000,000(6)Legend Advanced40%30%30%Legend Advanced90,000,000(7)Deng Anna Man LiDeng Anna Man Li(8)Roberts Christopher JohnRoberts Christopher John 2025930A.XV233365% GEM GEM5.485.67 20258 27 GEM17.50A(1) GEMC1C.2.1 C.2.1 35 C.2.1GEMC1 20181 24GEM5.28D.3.3D.3.72025930 GEM 2022517202251730% 20251112 www.hkexnews.hkwww.vistarholdings.com