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]:如祺出行2025年报 - 发现报告

如祺出行2025年报

2026-04-27 港股财报 梅斌
报告封面

2025 目錄 26891019243964697071737576 108 1811 2920 20254 3020254 3020254 30 Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary Hall, Cricket SquareGrand Cayman, KY1-1102 Cayman Islands PO Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands 1617 30–4 24840 https://www.ruqimobility.com 9680 202512 31 Robotaxi 2021–2035 (i)(ii)AI(iii) 20242,463.4202512 315,286.42024126.8202512 31628.02024113.0202512 31233.02024309.6202512 31638.5 202512 31 •AI •RobotaxiRobotaxi2021Robotaxi202210RobotaxiRobotaxiRobotaxi20257Robotaxi+Robotaxi2025Robotaxi3002025Robotaxi70% •(OnTime Data Collects)(OnTime Data Management)(OnTime DataEncoder)AI(OnTime AITrainer)202530010BPO98% •OnTime MapNet RobotaxiRobotaxiRobotaxiRobotaxi Robotaxi+Robotaxi10010,000100Robotaxi100,000Robotaxi 202512 315,286.420242,463.4114.6% 202412 312,199.0131.8%202512 315,097.3202412 312,970.0202512 316,425.32024113.02025233.0 202412 3127.3487.4%202512 31160.2 202412 31237.287.8%202512 3128.9 202412 312,336.699.4%202512 314,658.4(i)(ii) 202412 31126.8395.3%202512 31628.0202412 315.1%202512 3111.9% (a)(b) 2024202512 3135.027.1 202512 31710.92024358.498.3% 202512 31111.12024135.718.1%(i)(ii)(iii) 202512 31118.92024141.415.9%(i)(ii) 202512 311.2202410.588.5%202412 31202512 31 202412 310.7202512 314.8 2024202512 311.80.9 202412 3170.4AB202512 31 202412 318.6B202412 31 202512 31293.02024564.248.1% 202512 31288.22024457.837.0% (1)(2)(3)(4) 202512 31320.8449.1769.9202412 311,016.6 202512 31215.7202412 31529.92025292.732.1(i)89.5(ii)49.0(iii)24.2 202512 3110.0202412 3123.0 202512 31202512 3170.0 202512 319.5202412 3115.9 202412 31455.8%20251231307.3% 202412 3119.8%2025123129.3% 202512 31202412 31 202520247.324.7 202512 313.42.90.5202412 310.9 202512 31 202512 31 202512 31409168.6 202512 31202512 31 5320194 3020238 1420196Chenqi BVI 27199792018820188201962008720188200252008720001120055—19979200011 19947200312 46201943020196 120238 14Chenqi BVI 2420008—2000820171020199201492019820171120199 200172006320221 412024329ChenqiBVI 172012820211020218202592025102018320213202162021620181202332023520236202412 2008520128 20113202011 2007620186 4420238820238 14Chenqi BVI 1820067202362023120226 2004720067 50201943020238 14Chenqi BVI 2020047 20046 3720238820238 14Chenqi BVI 10201472014720175201752025720258 20238 1420255 15 2011620141120147 4820238820246 28 20248002080020SenseAuto Technology Development Limited20217202326006512025520218202522020120214231820161020191220048200662008820161020207 22 2023120152015 200092001720055 4920238820246 28 2022320185202472016220203008122014520156068302013320144010862008220121020001120082199910200010 2020120212520181101837202510265960301420201002175202570254520263083492024120259241020161020241200865202012023401472 199972001122011920159 4420238820246 28 2017520217202032018320189202372020920236201982022520182202112 20155201752013120154 20178 20031220159 —— HAN Feng44201912RobotaxiHan HanHan201852019122018HanUber (China), Ltd.20168Han2013120166IBM Han20085201311 202512 31 C1 F.1.320257 120255 27 3.10(1)3.10(2)3.10A 3.13 14 20255 2720251031 — A.B. 202512 31 (1)(2)(3)(4)(5)(6)(7) (1)202412 3120256 30(2)(3)(4)(5)202512 31 3/33/33/3 202512 31 (1)(2)(3)(4)(5)(6)(7)(8)(9) (1)(2)(3) 202512 3120254 30 (1) (2)(3)(4) 202543020254302025430 ••••• 3753 202512 31 64.8%35.2% 35.2% 8 89 3.29202512 3115 202512 31 202512 31 (www.ruqimobility.com) 17.317.710%212121 17.417.5 17.610%212121 30–424840ir@ruqimobility.com (i)202312 31(ii)20255 27 202512 31 202512 311018 202512 3170 8 202512 3120251231 •••••••••• 202512 3111 202512 3126 202512 3115 202512 31202512 31 202412 31202512 3189.2118.23.6%2.2%202412 31202512 31204.7164.78.3%3.1% 202412 31202512 31202412 312025123189.2118.23.6%2.2% 202412 31202512 3168.7207.42.3%3.7%202412 31202512 31268.8621.49.1%11.1% 5% 20217 14 (i)(ii)(iii) 10,000,0004.90% (12) 10.00 (i)20201 1(ii)20201150%50% (i)(ii)60(iii)36 10.00 20217 14 202512 317 350,000350,000 (1)(2)202512 315 202512 31 202512 3150,000 202512 31 26.4 3.133.13 202512 318.10 (i)(ii)20254 720259 9(iii)202552202510 10 1. 20246 26(i)(ii) 202612 31 35.52% 202512 31119,538,0002025123130,953,000 202512 31145,000,000202512 31500,000,000 2. 20246 261AI 202612 31 Tencent Mobility Limited15.87% 202512 3130,532,000 202512 3171,000,000 3. 20246 261(i)(ii)(iii) 202612 31 Tencent Mobility Limited15.87% 202512 3111,585,000 202512 3118,000,000 4. 20246 261 202411 15202412 31 20254 7202612 31202599202612 31 202612 31 Tencent Mobility Limited15.87% 202512 31165,247,000 202512 31233,000,000 5. 202411 151202411 15202612 31 Tencent Mobility Limited15.87% 202512 31623,000 202512 3129,500,000 202512 31 i.ii.iii. 3000740 i.ii.iii.iv. 202512 315,235.199%202512 31329.3 1.40%30%30%China Drive Investment Limited20%99% 2. 3. 5. (i) 20197 1020238 11 20197 10103010 (ii) 20197 1020238 11 20197 1010