000801SZSE

Work Report of the Board of Directors of Sichuan Jiuzhou Electric Co., Ltd. for 2025

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The report outlines the Board's adherence to legal regulations and commitment to shareholder interests in 2025. Key achievements include a revenue of 4.112 billion yuan, a net profit of 179 million yuan, and significant improvements in cash flow. The Board focused on enhancing corporate governance, strategic decision-making, and fostering high-quality development amidst a challenging economic environment.

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2025 Annual Business Performance

In 2025, the macroeconomic environment was complex and variable, with deep adjustments in industry competition and both opportunities and challenges in emerging industries. During the reporting period, the Board effectively fulfilled its core responsibilities of "setting strategy, making decisions, and preventing risks," firmly adhering to the development philosophy of "reform and innovation, technology empowerment." The Board led the management team and all employees to focus on three main businesses, vigorously developing low-altitude infrastructure and deepening strategic cooperation with leading domestic technology companies. Resources were concentrated on tackling key technologies and breakthrough projects, promoting the dual development of industry and capital operations, ensuring the company’s stable operation and high-quality development.

In the air traffic management sector, the company focused on major key tasks, deeply explored major customer needs, undertook key platform projects, successfully entered the drone platform market, and achieved bulk orders for ground inquiry machines while continuously consolidating advantages in airborne and ground equipment. In the international market, three new user countries were developed, three key supporting projects were implemented, and three new platforms were successfully established. In the civil products and civil aircraft market, the cabin broadcast intercom subsystem achieved bulk supply, and new important system development tasks were secured, while breakthroughs were made in the air traffic management information technology product market.

In the low-altitude market, strategic partnerships were established with over ten domestic universities and enterprises, entering China Unicom's qualified supplier list for low-altitude economy and being included in China Tower's 2025 intelligent business industry scenario application partner tier one library. The company participated in planning low-altitude infrastructure construction projects in ten provinces, including Guangdong, Fujian, and Sichuan, and developed four application scenarios such as "low-altitude + testing/logistics/cultural tourism/patrol," achieving initial results in promoting the "low-altitude + testing" business model in Sichuan, Zhejiang, and Jiangsu. The low-altitude testing business has steadily started, with its equipment testing company successfully obtaining GJB9001C and secondary confidentiality qualification certificates, and being recognized as a national technology-based small and medium-sized enterprise and a testing and research platform for low-altitude equipment in Mianyang.

In the microwave and RF field, the company continued to consolidate its support in traditional systems while increasing expansion in new scenarios and fields such as phased array, satellite communication, and airborne applications. Key customer cooperation relationships were deepened, achieving the landing of key model projects such as Doppler radar, altimeters, and airborne satellite communication RF front ends, while actively securing multiple key strategic customer model research projects. Investment in technological innovation was increased, successfully breaking through key core technologies such as ultra-wideband array design technology, low-profile integrated aperture technology, antenna conformal integrated design technology, and millimeter-wave high-power synthesis technology. The company also promoted intelligent transformation and digital reform and quality control upgrades, significantly improving production efficiency.

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