百得利控股2025年度报告

(Incorporated in the Cayman Islands with limited liability)  98105106107109111112189 24715204460 202533120251120253312025112025331 202511202611 202511 202511202511 1 24840 202511202511 31117 Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 06909 Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands www.blchina.com 183171712–1716 1519 20251231 20252,374.43.8%1,280.917.6%2,0002.52% 4.1926.3%62.5512.5%55.1919.0%61.754.9% 34S114S4S 202519,9435.5%8,624.61.4%366.531.5%8.32024–16.2 286,3368.75%1,549.522.7%131% 909.1324.250.5% 2026AI •AI ••• 20——4S (i)(ii) 4S4S4S——E-HR 4S4S 2025123119,94318,9051,0387,075.15.4%82.0%1,549.522.7%18.0% 9.4%8.0%3.6%2.6% 73.8%62.2%26.8%25.6% 202412318,746.0121.41.4%8,624.6202412317,482.8407.75.4%7,075.182.0%2024123185.6%19,9432024123118,9055.5%20241231395,81010.4%354,768202412311,263.2286.322.7%1,549.518.0%2024123114.4% 202412318,467.32.5%8,258.1 366.520241231278.731.5%202412313.2%4.2%20241231–3.3%–4.1%2024123141.9%42.4% 20241231503.712.1%443.0 20241231529.86.6%495.05.7%202412316.1% 20241231212.015.5%244.84S2.8%202412312.4% 2024123131.882.7%58.10.7%202412310.4% 202412318.930.3%11.6 2024123125.086.8%3.3 202512318.32024123116.20.1%20241231–0.2% 202512313.12024123124.1 2.0202412312.012.22026529 20241231829.116.9%20251231688.62025123133.52024123135.2 202512312,732.1202412312,739.0202512312,492.8202412312,469.71,940.7202412311,577.8 20251231927.520241231438.4111.6%2.45%8.5%2025123133.9%2024123116.0%324.220241231529.8 20251231909.120241231899.4 202512311.1202412312.520251231 33 759.720241231490.9 2025123120241231 20251231(i)430.620241231348.8(ii)452.720241231430.2(iii)141.02024123120251231 202512311,761202412311,450 20251231 57201852020122024320251 2519989 20801987Sidonienstraße 56200612202012 201472018122011120131200612201012 20016200311 4520208202410 222005102010112010122015720158201822018220201 20037 55202012 20181120202023 2025622080022022018620246107260087520161220234600155 199919951992 58202311 30 47202410 20249201072013720239 200172006720107 43201572026120221 20157202012020120201220211 20055 452024920261 201912202372017120237201352016122003920129 20036 4820255—20261—— 201352025320119201342010620118200710201052003720079 20006200210 20251231 ——4S 2025123117 20251231105 714373855571014—46714404041 20251231107108 31 31 20251231328.42024350.112.2 2.0202412312.012.22026529 1231189 20251231 12 2025123124 20251231 2025123125% 202511202611 202511 3.13 84 1519 13.51B(1)2025 1.2026112.202562208.HK002202.SZ 13.51B(1) 352025123120251231486 3.1320251231 20251231571XV(a)XV78(b)352(c)C3 (1)450,000,000Chou Dynasty Holding Co.,Ltd.ChouDynastyChouDynasty100%Red Dynasty InvestmentsLimitedRedDynastyRedDynastyGreenviewNominees Ltd.Greenview Nominees Ltd.TheBank of N.T.Butterfield & Son LimitedButterfield Trust (Asia) Limited20231031Credit Suisse Trust Limited100% (2) (3)2025415 20251231XV352 18XV 20251231XV23336 (1)450,000,000Chou DynastyChou Dynasty100%Red DynastyRed DynastyGreenview Nominees Ltd.Greenview Nominees Ltd.The Bank of N.T. Butterfield & Son LimitedButterfield Trust (Asia) Limited20231031CreditSuisse Trust Limited100%Butterfield Trust (Asia) LimitedChou Dynasty 20251231336 2025352024117965.0385,996,000202420251231 (i)(ii)(iii) 20255100%202584 3202024117202535 20251231 20251231(i)(ii)(i) 20251231 2021617202161717— (a)(b)(c)(d)(e)(f)(g)(a)(f)20231117.03A 10%60,000,0009.64% 121% 10281.0 (a)(b)(c) 20217152031616105 2021919,800,00020218318.260 3,000,0000.48%60,000,0002025123150,200,000202512318.06%0.48% (1)20219110 2025123129 2024828 5%31,125,0005% 1%30% (i)(ii)(iii)(iv) 20248282034827108.5 202512315,529,00020246,225,0004,682,00020245,257,000 (1)0.572 20251131,125,0002025115%2025123116,163,000202512312.60% 29 Chou DynastyRed Dynasty 20251231 20259262025111202612314.25 14A2025926 3535(a)35(e)14A1414A 20251231 1.2024 20239292023929202420261231202420252026123120,000,00021,000,00022,000,000 N&L Chou Trust 2025123115.3 2.2024 20239292023929202420261231202420252026123110,000,00010,000,00010,000,000 20251231 3.2024 202392920231182023112320232023929202420261231202420252026123130,000,00033,000,00036,000,00020231123 2025123114.429.3 4.2024 202320239292024202612312024202520261231120,000,000140,000,000160,000,00020231123 2025123116.1 5.2024 2023202392920242026123120242025202612312,000,0002,400,0002,880,00020231123 202512310.1 6.2024 20232023929202420242026123120242025202612311,000,0001,000,0001,000,000202420231123 20251231 7. 202320239292026123120242025202612315,000,0005,000,0005,000,00020231123 20251231 2024202414A.770.1%5%2024202414A (i)20242024202420242024(ii)14A.812024202520261231158,000,000181,400,000204,880,0005%202414A 300074014A.56 (i)(ii)(iii)(iv)(a)(b)555714A.4914A.71 13.18 20231229200,000,00051%20231229 1231 123 20251