环球新材国际2025中期报告

03 05 07 17 19 21 22 23 25 26 45 Cricket Square, Hutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands 韓高榮陳發動 26272703 韓高榮 380 韓高榮 Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand Cayman KY1-1111Cayman Islands 韓高榮陳發動 1617 www.chesir.com 06616 環 球 新 材 國 際2025 2025環球新材國際控股有限公司環球新材國際731Susonity Susonity 310 CQVSusonity ESG5.9ESG 環球新材國際++ 2025828 環 球 新 材 國 際2025 912.017.7%99.631.1%260.054.4% (EBITDA)344.0266.828.9%EBITDAEBITDA431.3290.748.4% 310 CQVMerckKGaAMerck 1,198 (a)17592 (b)15483 (c)5102 (d)121 CQV994 (1)507(2)159(3)140(4)102(5)3PMSQ(6)43(7)34(8)6 159764 BIPV 5.961,5505,12010,699 (ESG)ESG 1 CQVCQV(a)(b)(c)(d)(e)(f) 774.6912.017.7%82.9%78.8%610.423.8%755.7156.417.1%164.321.2% (1) (2)1,15020KV/mm 701.2851.1149.921.4%126.845.6%4.31.6%13.618.1%2.09.4%2.85.1%0.513.9% 40.949.08.119.8% 1.43.2 381.513.3%432.211,42534.5%15,3691,6947.5%1,821 388.0473.922.1%52.0%50.1% 8.10.719.711.3 2.14.9 50.054.48.8% 107.2120.912.8%18.4 42.7144.6238.6%A 39.348.2 99.6144.531.1%10.9%18.7% 319,742,000970.2 Merck KGaA665,000,000 (a)(b)330.8 A 500.03.50%300.0A200.0B7.6 300.0AA300.0 A BB 3,587.23,411.4 2,272.11,729.01,784.01,223.0 707.8683.3 36.2%34.3% 4,976.14,353.12.782.73 CQV1.1 1,417.3531.1 44.032.1 (i)300.0A(ii)40.0A7.643,815,78940,789,474 6,391.15,873.1(a)(b)(c) ·500,000,00052.22%47.48% 7201219269315193 1,519,768,0008,055,000342,715CQVCQV42.45%44.59%218,800CQV148,697CQV123,915CQV MerckKGaA 環 球 新 材 國 際2025 10 環 球 新 材 國 際2025 環球新材國際控股有限公司 2144環球新材國際343434 2410 34 環 球 新 材 國 際2025 1. 34 2. A. 21 3. 3. 3. 4. 環 球 新 材 國 際2025 5. 28.25%16.5%16.5% 25%25% 2009.9%0.9%20020020.9%1.9%2003,00023.1%2.1%3,00026.4%2.4% 5. 25% 15%15% 6. 環 球 新 材 國 際2025 7. 8. 9. 369,433,000138,906,000 10. 11. 371,121,000 12. 665,000,0005,588,000,00065,000,000496,427,000 64,348,000 13. 44,000,00030,000,000 環 球 新 材 國 際2025 14. 15. 485,971,000449,036,00062,362,00015,623,000771,810,000 1,784,000,0001,223,000,000 16. 500.03.5%300.0A A(i)40(ii)A7.60.1 16. AAA(i)300,000,000(ii)(iii)A9%(i)(ii)A9% A A A349,944,000342,480,000 環 球 新 材 國 際2025 16. A 10%10%2,308,0002,239,0002,067,0002,599,000 16. 80,000,0009%40,000,000 (a)(b)7.6 3060 環 球 新 材 國 際2025 16. 14.85% 284,966,000297,809,000 10%10% 16. CQV CQV Co., Ltd.CQVKOSDAQ: 10124015,000,000,0002%CQV CQVCQV5,760CQVCQVCQV CQVCQVCQVCQV CQVCQV40%CQV7% CQVCQVCQV113.0412%CQV 環 球 新 材 國 際2025 16. CQV CQV 16. CQV 13.20% CQV81,018,00072,476,000 CQV 10%10%1,056,0001,009,0001,170,000794,000 環 球 新 材 國 際2025 17. 18. 19. 413,323,000343,323,00070,000,000 20. CQV1,100,0001,060,000 21. 22. CQV42.45%44.59%218,800148,697123,915342,7151,519,768,0008,055,000 Merck KGaA665,000,000 23. XV(a)XV78(b)352(c)C3 (1)蘇博士蘇博士99.0%1.0%蘇博士蘇博士蘇博士 (2)蘇博士蘇博士蘇博士 (3)蘇博士蘇博士蘇博士 (4)蘇博士11,00021167,000蘇博士 (5)蘇博士10,0001,565,20081,796,000蘇博士 (6)蘇博士10,0001,500,00091,733,158蘇博士 (7)China Banyan Capital INT Holdings Limited50China Banyan Capital INT Holdings Limited1249,950China Banyan Capital INT Holdings LimitedChina Banyan Capital INTHoldings Limited XV(a)XV78(b)352(c) XV23336 (1)蘇博士 (2)蘇博士 (3)60031032.47%79.74% (4)GX Land & Sea Connectivity Holding LtdGX Land & Sea59,478,344GX Land & SeaGuangxiLand & Sea Connectivity Fund (Limited Partnership)Guangxi Land & Sea Connectivity Fund (Limited Partnership)Guangxi Land & Sea Connectivity Fund (Limited Partnership)49.5%49.5%39.6%35.0%35.0%51.0%49.0%36.5%34.7%GX Land & Sea XV23336 17 116,269,558 2410 13.51B(1) (1)蘇爾田先生20257 20255 13.51B(1) C1 C.2.1蘇博士蘇博士蘇爾田 C3