中国动向：截至二零二五年九月三十日止六个月中期业绩公告

China Dongxiang (Group) Co., Ltd. 3818 2025/2026 2公司資料 4投資者資訊 5業績摘要 6主席報告 8管理層討論及分析 30其他資料 39中期簡明綜合財務報表審閱報告 40中期簡明綜合財務報表 46中期簡明綜合財務報表附註 • Conyers Dill & Pearman (Cayman) Limited 183171712–1716 Cricket Square, Hutchins Drive,P.O. Box 2681,Grand Cayman KY1-1111,Cayman Islands 221100176 891137 3. 1. 038185,895,073,025 1.041.04 4. 221100176(8610) 6783 6585(8610) 6785 6606ir@dxsport.com.cn 2. 5.www.dxsport.com 60%81.387% 2025(IMF)20252.8%1.7% KAPPA KAPPA975 2025(GDP)5.2%160 KAPPAKAPPA + PHENIX PHENIXSP27miss phenixPHENIXPARS25–26PHENIXphenix outdoor — KAPPAPHENIX 74820448.9%3.4748.3% +phenixalk phenixPHENIX20PHENIX ESGESG PE 8,4481% 2025ESG 1.2.KAPPA—3.PHENIX4.PHENIX PARS5.KAPPA WING—6.+phenix7.KAPPA 2025202522.2% 2025 202420252025(GDP)5.2%36.64.5% 20252025220252025420259 2025(IMF)2025GDP4.8% 52023–202520253 KAPPA KAPPAPOP UP22%3 — KAPPA KAPPA KAPPA KAPPAKAPPA— — PHENIX PHENIXSP27missphenix phenix outdoor+phenixalk phenixphenix outdoor+phenixalk phenix PHENIXPARS(phenixActive Rescue System)25–26PHENIX KAPPA KAPPA PHENIX20PHENIXphenixPHENIX KAPPA 1916KAPPA PLAYERKAPPA GARA PHENIXPHENIX PHENIX KAPPAKAPPA KAPPA KAPPATIFO— KAPPA975 PE 2025 KAPPA 8,4481% KAPPA— 74826181204137 Kappa975 Kappa705 ++ Kappa253Kappa35.9%35.9% 2372334 511516568.3%68.9%0.6 Kappa539452Kappa64.1%64.1% Kappa69.5%70.2%0.7 29417125439 33319229432 3373334 53052670.9%0.7 16151 63603 20191 3.472.34 5,895,073,025 20716227.7%21.6%2620 1.041.042.082.28122,618,000 4161311110 1.00=0.91020 2106242.9%14.9% 183171712–1716 20413727.3%18.3% 1.299,000,0009,000,00090,0001.2791.291.439.8% (i)(ii) Gaea Sports LimitedGSL19(b) GSL(1)(2)GSL(i)5(ii)(iii)1%(iv) 1.35202,310,000202,310,0002,023,1001.3441.351.499.40%10 (v) 3235— 14A 2932144139288266 2,7693,409640 1)232)623)3,5512,9784)28 3032— 9,3139,2084,9624,5947.57.9 5,535 8229478 (i)(ii)(iii)(iv) 2.— 2023/24 3.— 1.— • 3. • 1. ••• • 2. •• 6. 1. 2. 3. 4. 5. 33560636.7%66.3% 2771761019 91490759458299311316 9 43350%12%1036 (i)(ii)(iii) 19 20017030 CPE Global OpportunitiesFund II3021966 IV2013748 EnvisionXPartners Fund,L.P.64214 CPE Global Select Fund,L.P.102853 1%56,664,010 1 30,000,000 7,081,0000.125%131,07123,050,07123,050,0710.39% (i)(ii)(iii)(iv) 2617.07 18 1.00 2 (i) (ii) (iii) 1% 30%10%588,612,10210% 1.00 7,512,0002,484,000510,972,102513,456,102 10% 513,456,1028.71%26 7.1,500,0001,500,0000.010.025% 8.600,000600,0000.010.01%9.76,860,0003,900,0003,900,00076,860,0000.011.31%10.7,512,0002,484,0000.45111.12.13.14.17.07 1.18,300,00018,300,0000.010.31% 2.1,560,0001,560,0000.010.03% 3.2,400,0002,400,0000.010.04% 4.1,200,0001,200,0000.010.02% 5.189,400,000189,400,0000.013.22% 6.3,500,0003,500,0000.010.06% 352 3 (a) XVXV78 (3)312,090,02510,000,000GaeaSports LimitedGAEAGAEAPoseidonHarvestLuckPoseidon (1)HarvestLuck Development LimitedHarvestLuckPoseidon Sports LimitedPoseidonHarvest LuckHarvestLuckPoseidon (2)Bountiful Talent LtdBountiful Talent Ltd (4)3,000,0000.854320,0000.333,900,000 (5)10,000,0000.333,900,000 (6)5,895,073,025 XV352 (b) XV23XV336 (1)Harvest Luck Development LimitedHarvest LuckPoseidon Sports LimitedPoseidonHarvest LuckHarvest LuckPoseidon (2)312,090,02510,000,000GaeaSports LimitedGAEAGAEAPoseidonHarvestLuckPoseidon 6 5% •2410• 4 C1 8 2590 5 C3 3700 4076343434 24102410 34 • 1. Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 2. 34 3. 21 4. 5. 8 KappaPhenix 5. 5. 5. 7. 8. 9. (a) (b) 9. (c) 25%25% (d) 10%10%5%Gaea Sports Limited5%5% 9. 9. 10. 4,500,000125 11. 12. 62,483,00029,996,000244,000118,000 2.082.28122,618,000 14. 15. 182,000182,000 3090 (a)593,530,000582,363,00012%12%3,756,000219,473,0003,756,000220,517,0001036 19. (c)13,860,00098,337,000Apple Inc.15,000,0002.9% 5,100,00036,186,0005,100,0004.625% 20. 20. 22. 24. 26 26. (a) 30,000,00087,138,000 26. (b) 1.00 (i)(ii)(iii) 588,612,10210% 76,860,000 0.330.3338.8%6.0%103.2% 147,000614,000 26. (b) 27. 2003050 CPE Global Opportunities Fund II3096614100 IV20748.2751.3 EnvisionX Partners Fund, L.P.6214214 CPE Global Select Fund, L.P.107.553.37.553.8 28. 28. (b) 28. (b) (i) (ii)19(b) (c) 29. 13 29. (a)14,190,00031 29. 3 29. (b)(c)EV/EBITDLOM(d)12Morgan StanleyBank Julius Baer(e)Morgan StanleyBank Julius Baer12 33 183171712–1716 www.hkexnews.hkwww.dxsport.com