中升控股二零二五年中期报告

ZHONGSHENGGROUP中升集團LIFETIMEPARTNER終生夥伴 231220212224252745 44 30181803–09 P.O. Box 31119 Grand PavilionHibiscus Way, 802 West Bay RoadGrand Cayman, KY1-1205Cayman Islands 183171712–1716 Vistra (Cayman) LimitedP.O. Box 31119 Grand PavilionHibiscus Way, 802 West Bay Road, Grand CaymanKY1-1205Cayman Islands 881 9 97927 — AITO375720 322,01014.6% 45415.2%8.3%GO3801,050GO 321513.7 46%43920350%89 14.5%10320%36%30% 114.54.4%54.48.1%45440015.2%1.7% 20%5720374836AITO1HIMA1—316 1.7%15.2%4.5%8.137.9%3.31376.634.814.4% 19112AITO 212 9910.6%1208.6% 22.941.7%AITO1.162.3% 183.312.5%1.97.0% AITOAITO0.646% 439—10758—10836AITO1HIMA26252314 11.19.6%27.0%60.233.4% 80%6103,000360.2% (CPI)0.1% 1,072787.9%10–251039832544 7.7%0.5% 187.1%—14.5%5.130.0AGLAC3.7EQ1.0EQ19.5%15.0% 29.328.03i31.6X1/iX11.9X3/iX33.4A4L1.7A5LCLA AITO1.1AITO303M94M880% 11 2.0% 77,322.15,099.36.2% —57,931.02,881.04.7% —6,014.62,225.727.0% —11,445.3481.24.4% —1,931.2473.819.7% 74.9%73.8%7.8%10.0%17.3%16.2% —35.1%40.5% 73,112.84,382.45.7% 4,209.3716.914.6% —2,387.8397.720.0% —257.0361.058.4% —5,440.5405.58.1% —899.6363.728.8% 5.4%6.0% 2,229.0138.55.9% 1,845.196.55.0% 301.877.534.6% 3,434.213.30.4% 1,099.08.50.8% 1,905.1850.730.9%2.5%3.3% 681.4110.814.0% 2.70.9 296.9167.536.1% 1,011.4568.236.0% 20,037.22,966.8 3,973.05,948.41,281.5693.9 5,948.43,022.8 941.0 10,830.2 28,601.632,039.23,356.21.0%6.0% 818.7618.7 (ERP) 18,476.917,019.6 28,94326,357 132122 42.1%42.5% 1. ThirdFloor,Century Yard,Cricket Square,P.O.Box 902,Grand Cayman,KY1-1103,CaymanIslands30181803–09 2. 2.1 34 2.2 21 21 3. 90%90%8 10%8 4. (a) 4. 5. 6. 7. 8. 9. 2,366,993,8632,385,668,363 9. 10. 20.4%37.2% 13. 14. 4,560,000,00045.611,436,000,0001.090.79745.6145.0243.88117.49% 14. 15. 16. 16. 29,068,0005.295,500,000 22.6033.94%3.00%2.22% 10 5,500,0005,500,000550 17. 19,230,00030,000,00030,000,000100%30,000,000 17. 195,067,000850,000 *17 18. 19. 20. (a) 20. (b) 11,000,0007,000,000 20. (c) 21. 21. 21. (i) 571XV(a)XV78(b)352(c)C3 1.2,385,668,3632.18,674,5003.4.336,50090,000 (a)XV78(b)352(c)C3 XV336 1.2,385,668,3632.Light Yield Ltd.Vest Sun Ltd.Blue Natural Development Ltd.62.3%37.7%BlueNatural Development Ltd.3.18,674,5004.Light Yield Ltd.Light Yield Ltd.5.Vest Sun Ltd.Vest Sun Ltd.6.UBS TC (Jersey) Ltd.Mountain Bright Limited7.UBS TC (Jersey) Ltd.Vintage Star Limited 336 Merrill Lynch (Asia Pacific) LimitedMorgan Stanley & Co. International plc4,560 1045.6134.8045.204,560 110.15%1,436,000,00031.49%3,124,000,000 1.090.79745.6145.0243.88 117.49%3,124,000,000 14 (1)4,246.18(2)275.06 Merrill Lynch (Asia Pacific) LimitedMorgan Stanley & Co. International plc4503.00% 1,000966292,166,000157,834,000 MorganStanley&Co.International plcJ.P.Morgan Securities(Asia Pacific)Limited6005.98% 50 103.5% 5,500,00022.6022.35 16 5,500,0000.23%0.23% 13.51B(1) C1 C3 18,674,500