您的浏览器禁用了JavaScript(一种计算机语言,用以实现您与网页的交互),请解除该禁用,或者联系我们。 [港股财报]:手回集团2025年报 - 发现报告

手回集团2025年报

2026-04-22 港股财报 XL
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02621 2025 2457253464798486888990153154 108 Byron Ye 8145 89 Nexus WayCamana BayGrand CaymanKY1-9009Cayman Islands 2124 5–402 1 33191920 2621 Ogier Global (Cayman) Limited89 Nexus WayCamana BayGrand CaymanKY1-9009Cayman Islands www.shouhui-tech.com 1617 15323203–3207 AI11237%4549.9%793.6200.224202431.1% 10341.5%1001943.1%615.546.7% AIAI1.0AIAIAIAIAIAI1.0AIAI 1.0AIRAGAIAI50050% 202514.454.5%AI110 AI 2C2A1002B 20254549.9%11237%14.75.9%793.6600%200.2202417.1% 10341.5%200% 202512 3124202431.1%202512 3113202412 31720255 30845.5202436.8% 202512 1.IP 2015202512 311002,2001943.1% IP202512 3114IPIP2025615.546.7%46.3% 2. (1)(2)(3)100 20252C+2A+2B100202512314161,400315 100B 2023IP2025704.22025600150100%202561IP 3.AI 2025AIAI •AI1.0AIAIAIAIAIAI1.0AIAIAI •AIAI90%AI90%20AIAI7*24AIAI100%60%AI90% •RAGAI •AIAI40% •202550050% •202590% 202514.454.5%AI110 4. 7*24202520253.62,8000.2999%9.2 202512 3141630–45202530–4560.9%71.4% 1. IP 100 2. IP IPIP 3. AI(RAG)AIAIAIAIAI 4. (i)(ii)2025202412 311,387.15.9%202512 311,469.2 202412 311,377.85.6%202512 311,454.8202412 319.354.5%202512 3114.4 (i)(ii)(iii)(iv) 202412 31858.214.9%202512 31986.4 202412 31528.98.7%202512 31482.9202438.1%202532.9% 202412 3138.0%202512 3132.5%(i)(ii) 202412 3151.8%202512 3165.6% (i)(ii)(iii)(iv)(v)(vi)(vii) 202412 3113.74.4%202512 3113.1 (i)(ii)(iii)(iv)(v)202412 31136.31.3%202512 31138.0 (i)(ii)(iii)(iv)(v)(vi)(vii)202412 3198.013.2%202512 3185.1(i)(ii) (i)(ii)(iii)202412 3151.05.0%202512 3148.4 202412 311.048.2%202512 310.5 202412 31202512 310.30.6 202412 31345.0202512 31619.0 20192022202412 31202512 311.22.8 202412 3145.41.4%202512 3146.0 202512 31793.6202412 31135.6685.2% (i)(ii)(iii) (i)(ii)202412 3141.02025123141.9 202412 31202512 315.12.3 (i)(ii)(iii)(iv)(v)(vi)(vii)(viii)(ix)202412 3129.5202512 3177.7 202412 3196.1202512 31114.720252024 202412 31849.6202512 311,057.3 202412 31463.6202512 31563.5 (i)(ii)(iii)(iv)(v)(vi)20241231126.8202512 31167.3 202412315.7202512 3119.0 202512 31 202512 31201.7 202512 3123.6 202512 31 100% 202512 31202512 31 202512 31 202512 31202512 31622.1202412 31504.825.8% 1.20241120251290.02.2%202512 312.22.2% 2.2025520259156.31.7%2.1%202512 310.71.5%2.1%20257 30 6.2% 202512 31 4120238320241 9 •2015120151220151201512202011 •202311•202011•20171220224•2017420214202011•201512•2016420181 181120151 202484040202212202220224III201910 2007620076 (i)2017113(ii)20181 25(iii)20183 6(i)(ii)(iii) 41202419 •2015120151220151201512 •202011•20174202011•202010202111202010202512•201512•201712•2016420181 15201512010320131120131220143JD.com, Inc.JD96182014420151 2007720101202312Insur View— 20181 25(ii)(iii) 41202419 2015420154201732021520224202512 18200792013112014420154 200562015620109202312Insur View— 40202419 20154 •201882019620196•20176•201912•202010 1420114201432014420154 2008720113 Byron Ye52202419Ye20211 YeYe2005520079Morgan Stanley & Co. LLC2012820131120166YeYe2014920166 Ye1996720125 43202419 18 2005620141220113(ACIIA)(CIIA) (i)20195 23(ii)20234 24(iii)202112 27(iv) 20245 14(v)1220251 6(i)(ii)(iii) 472025513 20211 1835067 13 1999720129 202299(i)(ii)(iii) 482025513 232003320131202142014720211333 20016201811 20237 19(i)(ii)(iii) 382025513 1420133201511201512201810202111202510 31201811202110 2011620213 4320237 2004720067201492014112009820239CEO 2C2A1002B 202512 31 225,710,200202512 310.1431,599,428668,40020266 1020267 152026622 (a) 20266 5202661020266 416172026610 (b) 20266 1720266 2220266 1616172026622 24 202512 31 88 202512 31166.2 153 202512 31202412 31 202512 3114.04(9)5% 21202512 31 20255 30134.2 202512 31 202512 3125% 724 56724 202512 312025 13.2013.22 2026115.535.25% 232533 108.(a) 112 13.51(2)(a)(e)(g)13.51B(1) 33 202512 31 3.13 202512 31XVXV78 352C3 (1)202512 31Little Green Light LtdLittle Green Light LtdLittle BlueLight LtdLittle Blue Light Ltd (2)LittleBlue Light Ltd21.16%— (3)202512 31MallocLuke LtdMallocLuke LtdConvolution LtdConvolution Ltd (4)202512 31Plmm LtdPlmm LtdPlmmliu LtdPlmmliu Ltd (1)35.95%80%1.00% 202512 31XVXV78352 202512 31XV23336 (1)Little Blue Light LtdLittle Green Light LtdLittle Green Light LtdLittle Green Light LtdLittle Blue Light Ltd (2)LittleBlue Light Ltd21.16%— (3)202512 31(i)(ii)66.66%33.33%(iii)45%(iv)6686NOAH(v)34.10% (4)202512 31(i)51%49%(ii)67.08%(iii) (5)202512 31(i)(ii)99.94%(iii)(iv)66.67%33.33%(v)(vi)40.89%38.30%(vii)92.37%(viii)99.96%(ix) (6)Convolution LtdMallocLuke LtdMallocLuke LtdMallocLukeLtdConvolution Ltd (7)202512 3183% (8) 202512 31XV23336 18 202512 318.10 202512 31 202512 31 202512 31 202512 31 202512 31692 8927 202311 3017 (i) (i)(ii) (ii) (iii) (10) (iv) 329,920Holdco10,000,0003.2992% (v) (vi) (vii) (i)50%(ii)25%(iii)25% (i)2 (ii)HoldCoHoldCo (iii)(a)(b)(c)(10)HoldCo(10) HoldCo (i)(a)(b)(c)(ii)(iii)(iv)(v) (vi) (vii)(viii) (viii) HoldCo (i)(ii)(iii)(iv)(v) (ix) HoldCo 25 (1