Chairman's Statement
Dear shareholders, partners, colleagues, and friends from all walks of life:
The company has completed its restructuring for two years. During these two years, we have faced unprecedented challenges and trials. Due to historical issues with Zhongke Dingshi, the company was unexpectedly penalized, and we were unable to timely remove the special treatment status in 2024, achieving this only in September 2025. The restrictions imposed by this status hindered our financing, making business development and capital operations extremely difficult, and we struggled to fully inject new industries. However, the old business of Jinglan began to shrink significantly in 2024, necessitating efficient implementation of our familiar indium industry chain business under conditions of financial shortage and time constraints. We must not only quickly form a substantial revenue scale but also rapidly open up avenues for the company's transformation and development. The hardships and pressures we faced are difficult for those who have not experienced them to understand.
However, since problems have arisen, we must face them calmly; having chosen Jinglan, we must accept its issues and shortcomings, sharing both hardships and joys, clearing obstacles one by one, and jointly building the future. Here, on behalf of the board of directors, I would like to express my sincerest gratitude to all investors who have steadfastly trusted us, all employees who have worked diligently, upstream and downstream partners who have walked hand in hand with us, financial institutions that have provided strong support, and government and regulatory departments at all levels that have provided serious guidance and assistance. It is thanks to your perseverance, trust, and support that we have been able to overcome difficulties and turn danger into safety, emerging from the most challenging times to welcome today’s dawn.
After unprecedented trials, we have also encountered unprecedented development opportunities. As a team focused on the indium industry chain for 26 years, we see today that, against the backdrop of limited growth in global indium production due to constraints in iron, lead, and zinc industries, the rapidly developing heterojunction/perovskite photovoltaic industry, the semiconductor optical module industry driven by large-scale computing power and optical communication, and the automotive dimming glass industry driven by new energy vehicles have begun to significantly increase the demand for indium. Therefore, the scarcity of indium will become increasingly prominent, and its strategic value will continue to rise. Moreover, China, with its large-scale iron, lead, and zinc industries accumulated over the years, occupies a significant portion of global indium production. Thus, indium and its downstream high-density ITO target materials, indium phosphide, etc., can become key materials for enhancing the competitiveness of China’s heterojunction/perovskite photovoltaic, high-speed optical communication, high-end LCD, and high-end new energy vehicle industries, helping China gain and expand its global advantage in the fierce competition of high-end manufacturing in the future.
However, regardless of the opportunities for industrial development, we must remain grounded and pursue steady progress to turn our goals into reality. To this end, we will further focus on the core track of the indium industry chain and resolutely continue to implement the "Indium Strategy" determined years ago, advancing step by step in the following three directions:
- Fully expand the share of indium resources and strengthen our position in the indium industry. Since the value of indium is increasing, we must strive to increase our share of indium. Together with Xilian Technology, which has committed to injecting into Jinglan, we already have certain foundational advantages in some areas of the indium industry, but to truly convert these advantages into competitive strengths, more effort is needed. In a flock of chickens, the biggest rooster may not be safe; every little rooster thinks, "When I grow up, I want to defeat you!" Only by strengthening ourselves to the point of being an "ostrich" can we gain a solid advantage in the industry!