中国飞鹤2025中期报告

6186股份代號:(於開曼群島註冊成立的有限公司) 2025 234133031323335363860 267 Maher EL-OMARIMac Maricorp Services Ltd.P.O. Box 1103, George TownGrand Cayman KY1-1102Cayman Islands Jacques Maurice LAFORGE 10C16 Jacques Maurice LAFORGE Jacques Maurice LAFORGE 33191920 Maricorp Services Ltd.P.O. Box 1103, George TownGrand Cayman KY1-1102Cayman Islands 183171712-1716 97927 ir@feihe.com www.feihe.com 6186 10.48‰6.77‰9.547.128.1 • •41,3146.1% • • o60% 管理層討論與分析 o(GB10765-2021)(GB10766-2021) o o o o o10,00050,000100,000 o3,6002,000 o 管理層討論與分析 2,70070,00071.9% 440,000 •384,030274,000 • • Vitamin World USA Vitamin World USAVitamin WorldVitamin World USA42216Vitamin World USA91.01.0% 管理層討論與分析 10,094.99.4%9,150.5(i)(ii) 3,242.58.4%3,515.7 6,852.517.8%5,634.9 67.9%61.6% 862.337.4%540.1 3,535.410.2%3,174.7 738.74.7%773.7 41.350.1%20.6 26.237.6%16.4 3,029.441.9%1,758.6 1,118.035.1%726.1 36.9%41.3% 1,911.546.0%1,032.5 (i)(ii)(iii) 6,476.6 管理層討論與分析 782.1 27,153.320,431.513,471.25,311.71,437.7 (0.32)(0.22) C1 C.2.1 C3 C.1.3 XVXV78352 (i) 其他資料及企業管治 (1)9,067,251,704(2)587,516,458(3)3,889,911,881Harneys Trustees LimitedHarneys Trustees LimitedLYB International Holding LimitedLYB International Holding LimitedGarland Glory HoldingsLimitedGarland Glory Limited3,889,911,881(4)345,681,920Harneys Trustees LimitedHarneys Trustees LimitedRL Equity LLCRL Equity LLCLH Financial Holding LimitedLH Financial Holding Limited345,681,920(5)326,000(6)101,647,734Adroit Shipping LimitedAdroit Shipping Limited(7)23,717,804J.T. Living TrustJ.T. Living Trust23,717,804104,762(8)7,536,151Morgan Stanley PrivateEquity Asia III, LLCMorgan Stanley Private Equity Asia Fund III(9)3,368,918Morgan Stanley PrivateEquity AsiaMorgan Stanley Private Equity Asia Fund IIINorth Haven Private Equity Asia III, L.P. (1)40%(2) XV(i)XV78(ii)352(iii)XV 其他資料及企業管治 XV23336 (1)9,067,251,704 (a)3,889,911,881Harneys Trustees LimitedHarneys Trustees LimitedLYB International Holding LimitedLYB International Holding LimitedGarland Glory HoldingsLimitedHarneysTrustees LimitedGarland Glory Holdings Limited3,889,911,881 (b)345,681,920Harneys Trustees LimitedHarneys Trustees LimitedLH Capital Holding LimitedLH Capital Holding LimitedLH Financial Holding LimitedHarneys Trustees LimitedLH Financial Holding Limited345,681,920 (c)226,146,556Harneys Trustees LimitedHarneys Trustees LimitedLSH International Holding LimitedLSH International Holding LimitedLSH Investment HoldingLimitedHarneysTrustees LimitedLSH Investment Holding Limited226,146,556 (3)813,663,014Harneys Trustees Limited226,146,556(2c)587,516,458(4) (4)587,516,458 336 9,0242,339 6,554.71,409.8 其他資料及企業管治 0.12091,096,327,7411,000,000,000(i)30%(ii)70%100% 183171712-1716 Jacques Maurice LAFORGE (i)DIF(ii)(iii)(iv) DIF(i)(ii) 其他資料及企業管治 190,190,7042.10% DIFDIF (1) (2) 190,190,704190,190,704 (i)(ii)(iii) (a)(b)(c) 134,000,1001.48% 其他資料及企業管治 121% (10) (10) 1.00 (10) (a)(b)(5)(c) (10)(10)(10) 其他資料及企業管治 80,696,3000.89%80,696,3000.89% 12 (i)(ii) (i)(ii)(iii) (i)(ii)(iii)(iv) 1010 (10%)906,825,170(0.5%)45,341,258885,011,77445,341,258 其他資料及企業管治 (i)120.1%(ii)120.1% (i)(ii)(iii) (i)(ii)(iii)(a)(b)(c)(iv) (i)(ii) (i)10(ii) 其他資料及企業管治 (1)(2)5.31 0.01% 13.51B(1) Tel: +852 2846 9888Fax: +852 2868 4432ey.com Ernst & Young27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong 31593434 34 2410 中期簡明綜合財務狀況表 1. 34 2. 21 21 中期簡明綜合財務資料附註 3. • • 3. 3. 3. (b) 中期簡明綜合財務資料附註 4. 4. 中期簡明綜合財務資料附註 5. 6. 中期簡明綜合財務資料附註 7. 25%25% 8. 0.163213.50.148412.5 0.120910.00.163213.5 中期簡明綜合財務資料附註 9. (i)(ii) 9. 10. 316,433,000332,733,000 44,188,00033,396,0002,047,0002,082,000 25,037,00025,573,000 中期簡明綜合財務資料附註 11. (a) 1630560 11. (b) 中期簡明綜合財務資料附註 11. (c) 916,799,0001,162,142,000 12. 13. 中期簡明綜合財務資料附註 14. 16. 中期簡明綜合財務資料附註 17. 18. (a) (b) 831,000,000831,000,000256,655,000256,655,000 340,000,000100,000,000105,052,000100,000,000 18. 19. 中期簡明綜合財務資料附註 19. 19. 20%20%360,000360,000 中期簡明綜合財務資料附註 19. 20. 622