中国中车2025年度报告

重要提示 1. 2. 3. 4. 5. 202582220250.1131.57202511202025 202632720252025123128,698,864,0880.1234.44202531.5734.4466.01202550.08%2025 6. 7. 8.B 目錄 456107083114117119128143149164357359 業績概要 董事長致辭 2025 2025 2,730.6310.79%131.816.40% CR450200200 1 234 20265 20263 董事會報告 A. 203018 6+ 1. (1)(2)(3)(4) 2. (1)(2)(3) ++ 3. (1)(2)(3) 4. (1)(2)(3) 2.0 5. ++++ 1. 2. 3. 4. 5. 6. B 1. 2025 2. 2025CR450 60020020020MW12MW2025181.646.65%5,5814,5061142810355 3. 2025DLS3591,0745901,210 B. 2025135796 2025R1GW AI483 83ESGESG 20252,730.6310.79%131.816.40%2025125,507.747.40%1,721.211.97%2025123160.77%1.7720253,4616503,571 1 2 10.79% 10.79% (1) 11.90%10.46% 7.37%7.21% 19.39%20.93% 1.11%2.45% 10.79%45.27%15.41%37.76%1.56%297.0685.35684.23169.43380.79789.89456.948135992,18130,7484,582 9.22%22.88% (2) (3) 20251,310.1347.98%00% 43.64% 2025114.209.97%00% 5% 2025123147.98% 202512319.97% 3 6.11%2.70%0.04-0.12 4 (1) 17,640,973523,25618,164,229%6.65%2.88 (2) 23,339%15.39 51411,98110,844 3536-5051 13,1259,0961,118 (3) 202520254301620252620256.65%649 5 241.86270.57 148.65170.18 127.3794.35 1 45.15%32.10%30.24%30.81%41.90%33.82% 2 27 (2) 202512 313,394 5 7 202512 3119,6922024123117,498 202512 3112,5265681,484 202512317,55912,133 202512317,035202412318,736 8 2025123143,38631,8364,6001,992 A.B. 1 237.9113.746.13%15. (1) (2) (3) 202512292025-056 20252035 2025 2035123123207CR45030002025+5G 1. + 2. 3. ++ 4. 5. DLS 2025 2026 1. + ++ 2. ++ 3. 4. DLS+ 5. 20253 2820242024123128,698,864,0880.2160.272024202448.65%2025 6 18202420258142024 20258 222025202563028,698,864,0880.1131.572025202523.95%20259 222025202511202025 202632720252025123128,698,864,0880.1234.44202531.5734.4466.01202550.08%2025 2026813H 20263 2720262026 ✓✓✓✓✓ 10–102.310–6,600,73913,181,015%50.08–6,600,739%50.08 (1)18,367,273(2)–(3)=(1)+(2)18,367,273(4)12,426,950%(5)=(3)/(4)147.8013,181,0154,525,327 20181229H[2008]897H10%H [1993]045[2011]348HH10%H10%H10%201935H10%20%H20% [2014]81A10%10%HH20% [2016]127HH20% 1100% 202510 30100%18,620.90 202510 3051.45%14A 0.1%5%14A 20251030 1 20217 18100%100% 202171843.782025123128.862025123112.19 14A14A.6014A14A 14A.9014A 2021718 2 20243 2820251120271231 (i)202712317,0007,0007,000(ii)202712314,0004,0004,000 14A0.1%5% 2024328 3 20243 2820251120271231 (i)20271231500500500(ii)20271231200200200 14A0.1%5% 2024328 4 20243 2820251120271231 (i)20271231200210220(ii)20271231100100100(iii)20271231222222 14A 14A.90 5%14A5%25%14 0.1%14A.76 20243282024524 5 2025 (1) (2) (3) (1) (2) 14A.56 (1)(2)(3)(4) 14A.56300074014A.56 2025123114A14A B. 202512314,525,327 202512312839 202519 20,860 20251231 34 2025 B 2025123120251231 董事、高級管理人員和員工情況 2 32026228 420259222025 52022-2024 5 1964201012201552015520156201762017620179202132017102021820213201840201970 19701201812201812202192021920211220261 196420259 1967True Partner Capital Holding Limited202112 195820259 1964220259 197120259 1982202372023112024720253 1973202422026320263 196620131120155201552020920156 197020262 197120242 19722015620205202052021820211020221120237 (1)1315(2)9161289(3)True Partner Capital Holding LimitedGEM8657(4)2459 20253 20 20253 25 2025715 2025922202582025922 20259 22 20259 222025 202615 20262 28 20263 27 190151,412151,602130,621 75021,34558,69430,79740,016151,602 2025 20252025 2025DLS49134.14.97.721.5 企業管治報告 C1 84 2025 1138 20254292025103020251127 2025C.1.42025 ABC A.B.C. 20253253.09D20258223.09D 4 3.13 (1)(2)(3)(4)(5)(6)(7)(8) 1 2 2 11 21 31 458436760460468 516.3% 3 3 2024 4 1.202420252.3.4.2024 2025320 20263 27 ACAHKICPACPA15 (10%)(10) (8610) 5186 2188(8610) 6398 4785crrc@crrcgc.cc16-5 (1%)(10) 20252025 <>202592220252025822202592 202512 31202512 31 20251231 20256 18202420252025 20252,9602,760200 2025 272 2025PPP 2025 2025 1245%3 1881 BI 202521.2 債券相關情況 () 1 投資者關係 E 49504400330 10ALACP2024ARC 1506,111 2560,2971A504,109H20022A558,322H1,975 10 10 20251231A 20251231XV352 202512 31336 20251231XV336 1 2002712025123160199714,783,25120251231000920226,586,955 14,765,441,250A14,587,578,250H177,863,00051.45%177,863,000HHKSCC NOMINEES LIMITED 1 2 2025123120251231 重要事項 12 A B A+B(%)C70%D50%EC+D+E 151.02379.764.7412.196.066.7113.4319.45 29.6538.74524.96 202171970% 3 20255122025729202592920251217 2025 30 202511 27202512 2920252025112720251229 20263 2720252025123128,698,864,088101.2034.44202531.5734.4466.01202550.08%2025 20263 2720262026 2605203 ()202512312025 ()202512312025 ()1 財務報告 財務報告 2025 () (1) (2) (3) (4) (5)() (6) 財務報告 () 2026327 合併資產負債表 20251231 20251231 20251231 母公司資產負債表 母公司資產負債表 合併利潤表 2025112 2025112 (35,954)513 合併現金流量表 母公司現金流量表 合併所有者權益變動表 2025112 合併所有者權益變動表 母公司所有者權益變動表 2025112 母公司所有者權益變動表 合併財務報表附註 20251231 1 20071228A2008818H20088212012A13,803,000,000 2008626A20091229H2014