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]:天宝集团二零二五年年报 - 发现报告

天宝集团二零二五年年报

2026-04-27 港股财报 周剑
报告封面

2 4 5 7 20 24 44 68 74 75 79 148 Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands 151–1536610–612 516005 Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands (ACCA) 慤1617 185 22 1979 www.tenpao.com https://tp.tenpao.com/zh-HK/investors-query AI(PCBA) 20SMT PCBAAIAI AI 3.2%5,558.65,385.73.5%1,011.61.318.2%19.5%0.9%380.6383.937.336.9 6.66.06.25.212.834.7% 30% 119.2186.84.6%132%6.2%2 7.4%2,158.82,009.638.8%37.3%3,500W~10,000WHPCAI 5.5%2,457.12,328.044.2%43.2%56.3%14.6%465.9418.6 WiFi 6WiFi 7(Battery Backup Unit, BBU)WiFi 942.71,048.217.0%19.5% AI AI88.2100.3166.3AIAI13.765.63AIAIHPC AI 16.220.873.328.61%41,6111,8605,21612.1%5 AI 5,385.73.2%5,558.6 1,456.09.4%1,319.410.1%7.4%2,158.8 4.8% 1,011.63.5% 18.2%19.5% — 23.511.7 166.3178.3 506.25.2%480.1 — 2.28.4 15%25%16.5%43.545.816.5% 10.8%10% 346.624.2%430.549.9 417.3350.21.131.1036.6%35.1%10.6% 353.4813.7406.2 385.7358.877.8 12.2276.4 50% 796.2650.7565,753,000 984.51,114.8 8,0007,600 (i)(ii)(iii) 67TinYingHoldings Limited 45 5530 32 72 30 543012731615 6030 75—(i)1419(ii)GEM8169 —————— C1 C.2.1 A. A1. A2. A3. C.2.1 A4. 3.103.10A A5 A5. 333 84 84 Ferheen Mahomed A6. 3.09D A7. 1 2 A8. C3 A9. ———————— A10. A.2.1 (i)(ii)(iii)(iv)(v) B. B1. B2. 3.10(2) A7 ————————A10— B3. E.1.2(c)(ii) A7 38 B4. B.3.5 A7(i)(ii)(iii) A5 4654 ••••• A5 C. D. E. 3.2915 F. G. J2e(ii)(852) 2790 5566 H. I. J. J1. • • • • • • • • 30% J2. (a) (a)(b)(c)(d)(e)(f)(www.hkex.com.hk) (b) (c) (www.tenpao.com) (d) (e) www.tricoris.comis-enquiries@vistra.com(852)2980 13331617 (ii) 151—1536610—612ir@tenpao.com(852) 2790 5566(852) 2342 0146 73147 6.66.0 1.6222.5713.224. 慤1617 148 25 252737 330,304,000332,037,000 1,469,0002,011,000 13 15 28 622 1717(i)(ii) (i)(ii)(iii)(iv) 100,000,0009.71%19,348,000456,00018,892,00099,544,0009.66% 121%1120.1% 301 (i)(ii)(iii) (i)(ii) 103,038,89610% 121% (a)(b)12(c)(a)(d) (b)120.1%17.04(5)13.4013.4113.42 (10) 1.00(10) 12 (i)(ii)(iii)12 (a)(b)(c) 109.2 (i)(ii)(a)(b)17.1317.0217.0417.0617.0917.01(1)17.1317.02 (i)(ii)(iii) (i)(ii) 10%10%24,746,3419.20% 121% 111.55 108.0 1. 2.2,000,000 3. 4.88540,000 21,410,0007.96%2,540,0003,336,3411.24% 15.1%59.8%16.5%66.0% 2.8%10.9%5.4%13.9% 5% 8 84將 Ferheen Mahomed 36 14A (A) 151–1536610–1150,000 600,000(i)(ii) 600,000 96.67%3.33% 151–15361544,000 528,000(i)(ii) 528,000 98%2% (1)(2)550,000604,945 6,600,0007,259,340(i)(ii)(iii) 6,412,0006,992,000 Ease Bright Holdings LimitedEase Bright Holdings Limited 14A.8114A.838,120,000 14.070.1%5%14A 151–1536610–1150,000 600,000(i)600,000(ii) — 151–15361544,000 528,000(i)528,000(ii) — (1)(2)550,000599,280 6,600,0007,191,360(i)6,600,0007,191,360(ii)(iii) — 14A.8114A.838,319,360 14.070.1%5%14A (B) 50,000,00050,000,00050,000,000120,000,000130,000,000140,000,000 (i)80,551,00048.246.220%(i)(ii) (ii) (a)57.0% (b)50.092.4% (c)20.4%15.8%10% (iii) (iv)19% 94,814,000 100%Year Industries LimitedYear Industries Limited 14.075%14A a.b.c. 14A.563000740 3614A5664 TinYingHoldings Limited 571352XV 1. 2.TinYingHoldings LimitedTinYingHoldings LimitedTheTinYing TrustVistra Trust(BVI) LimitedTinYing HoldingsLimitedVistra Trust (BVI)Limited 352XV 336 1. 2.Pandanus Associates Inc.PandanusFIL LimitedFILFILPandanus Partners L.P.Pandanus L.P.37.01%Pandanus L.P.PandanusPandanusPandanus L.P.FIL 336 25% 73147 •••••• 3.1(c)—4.1(a)—20(c) — 1,397,439,00025%6,421,000 • ••••• P08101 1 223Cricket Square,Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands 2 2.1 622 ••• 2.2 2 2.3 •21— 2.4 18 2 2.4 18118 18 •—•— ••—•18181 18 3 3.1 (a) 3 3.1 (a) 5% (b) 10%11,140,000 (c) (i) 3 3.1 (c) (i) 45%59% ••••• (ii) 9 3 3.1 (c) (ii) 1 (iii) 3 3.1 (c) (iv)9128,953,000(v)12(vi) (d) 3 3.1 (d) 3 3.1 (e) 1%41,91825,510 3.2 3 3.3 (a) •—•—•— 3 3.3 (a) (i)(ii)(iii) (b) 3 3.3 (b) (i) (ii) (i) 4 4.1 (a) 3.1(c) (b) (c) (d) (e) 4 4.1 (e) (f) 39.516 5 (i)(ii)(iii)(iv)(v)(vi) 5 (a) (b) 5 (c) (d) 832,015,000914,662,000 (e) (i) (a) 10%20% (b) 38 8 (b) 10 (a) (b) 16.5%2,000,0008.25%2,000,00016.5% (c) 25% 15%15%15% 10 (d) 10%5% (e) (f) 20%GigaElectronics(Vietnam) Company LimitedGiga Electronics (Vietnam) Company Limited10%10% (g) 11 (a) (b) 12 13 14 (a) 5011461247 14 (b) 33,501,00038,485,000 15 6,300,00028(b) 16 (b) 85% 15%15% 5% 1 (c) 39.14 17 18 19 3,712,215,0003,939,543,000 (a) 20 (b)30150 (c) 93.1(c)(ii) (d) (e) 332,282,00028 21 21 23 7% 24 702,104,000584,942,00028(b) 1.03%2.05% 25 26 1.00(i)(ii)8,700,0002,000,000 10,710,0001.5516,600,500 26 * # 13%2,540,00027,547,00018,130,000 27 (a) 10%50% (a)565,753,000507,559,000 28 (b)565,753,000609,264,00