Nanchang Mining Machinery Group Co., Ltd. 2025 Annual Board of Directors Work Report
In 2025, the Board of Directors of Nanchang Mining Machinery Group Co., Ltd. (hereinafter referred to as the "Company"), in accordance with the "Company Law," "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 1 - Norms for Main Board Listed Companies," and other relevant laws, regulations, and normative documents, as well as the "Articles of Association" and "Board of Directors Meeting Rules," has conscientiously implemented all resolutions of the Shareholders' Meeting, faithfully performed its duties granted by the "Articles of Association" and the Shareholders' Meeting, and promoted the steady development of the Company. The work of the Board of Directors in 2025 is hereby reported as follows:
I. 2025 Work Overview
In 2025, the Company achieved operating revenue of RMB 830 million, a year-on-year increase of 6.76%. Net profit attributable to the parent company was RMB 49.9715 million, a year-on-year decrease of 15.49%. The decline in net profit attributable to the parent company was mainly due to an impairment loss of RMB 17.7616 million on inventory for specific projects. This was an incidental impairment and did not affect the Company's ability to continue operating. Operating costs were RMB 554 million, a year-on-year increase of 6.19%. As of December 31, 2025, the Company's total assets were RMB 2.383 billion, a year-on-year increase of 11.32%. Total liabilities were RMB 940 million, and the asset-liability ratio was 39.42%.