特力Ｂ:2025年半年度报告(英文版)

Shenzhen Tellus Holding Co., Ltd.
2025 Semi-Annual Report
August 2025

Section I Important Notes, Contents, and Interpretations
The Board of Directors, the Board of Supervisors, and directors,
supervisors, and senior executives of the Company guarantee that the present
semi-annual report is true, accurate, and complete without false records,
misleading statements, or major omissions, and undertake the joint and
several legal liabilities arising therefrom.
Fu Chunlong, head of the Company, Huang Tianyang, the person in
charge of accounting and person in charge of the accounting firm (accountant
in charge), declare to guarantee the truthfulness, accuracy, and completeness
of the financial report in this semi-annual report.
All directors of the Company have attended the meeting of the Board of
Directors to review the semi-annual report.
The Company has no plans to distribute cash dividends, issue bonus
shares, and convert reserved funds into share capital.

Contents

Section I Important Notes, Contents, and Interpretations......2
Section II Company Profile and Major Financial Indicators...... 6
Section III Management Discussion and Analysis...... 9
Section IV Corporate Governance, Environment, and Society...... 23
Section V Important Matters......24
Section VI Changes in Shares and Shareholders......36
Section VII Bond-related Information......41
Section VIII Financial Report......42
Section IX Other Submitted Data...... 177
Documents for Inspection
(I) Financial statements signed and sealed by the head of the Company, the person in charge of accounting, and the person in
charge of the accounting firm (accountant in charge).
(II) Originals of all company documents and announcements that have been publicly disclosed during the reporting period.
(III) The above documents for future reference shall be kept at the Secretariat Office of the Board of Directors of the Company.

Interpretations
Term Refer(s) to Interpretation
CSRC Refer(s) to China Securities Regulatory Commission
SZSE Refer(s) to Shenzhen Stock Exchange
CSDC Shenzhen Branch Refer(s) to Shenzhen Branch of China Securities Depository and
Clearing Corporation Limited
Company, the Company, and Tellus Holding Refer(s) to Shenzhen Tellus Holding Co., Ltd.
Reporting period, this/the reporting period Refer(s) to The first half of 2025
State-owned Assets Supervision and Management
Shenzhen SASAC Refer(s) to Commission of Shenzhen Municipal People's
Government
SDG Group, and controlling shareholder Refer(s) to Shenzhen Special Economic Zone Development Group
Co., Ltd.
SIHC Refer(s) to Shenzhen Investment Holdings Co., Ltd.
Shenzhen Jewelry, SJIS Refer(s) to Shenzhen Jewelry Industry Service Co., Ltd.
Guorun, Guorun Gold Refer(s) to Guorun Gold Shenzhen Co., Ltd.
Tellus Treasury Refer(s) to Shenzhen Tellus Treasury Supply Chain Tech Co., Ltd.
Shanghai Fanyue Refer(s) to Shanghai Fanyue Diamond Co., Ltd.
Zhongtian Company Refer(s) to Shenzhen Zhongtian Industry Co., Ltd.
Tellus Shuibei Jewelry Refer(s) to Shenzhen Tellus Shuibei Jewelry Co., Ltd.
SDG Huari Refer(s) to Shenzhen SDG Huari Automobile Enterprise Co., Ltd.
Huari Company Refer(s) to Shenzhen Huari Automobile Sales and Service Co., Ltd.
Tellus Jewelry Building, Jewelry Building Refer(s) to Tellus Shuibei Jewelry Building
Tellus Gold and Diamond Building, Gold and Diamond Refer(s) to Tellus Gold and Diamond Trading Building
Building

Section II Company Profile and Major Financial Indicators
I. Company Profile
Stock abbreviation Tellus A, Tellus B Stock code 000025, 200025
Stock abbreviation before N/A
change (if any)
Stock exchange on which the Shenzhen Stock Exchange
shares are listed
Chinese name of the Shenzhen Tellus Holding Co., Ltd.
Company
Chinese abbreviation (if any) Tellus A
English name of the Company Shenzhen Tellus Holding Co.,Ltd.
(if any)
Abbreviation of English name N/A
(if any)
Legal representative of the Fu Chunlong
Company
II. Contact Persons and Contact Information
Secretary of the Board of Dir