002045SZSE

Guoguang Electric Corporation 2025 Annual Report Summary

GUOGUANG ELECTRIC COMPANY LIMITED··6 pages

✨ AI Summary

Guoguang Electric Corporation's 2025 Annual Report Summary details the company's strategic progress and financial performance. Key figures show total assets increased by 11.19% to RMB 10.55 billion, while operating revenue remained stable at RMB 7.91 billion. However, net profit attributable to shareholders significantly decreased by 144.60% to a loss of RMB 112.82 million, attributed to increased R&D, management costs, and foreign exchange losses. Material outcomes include the launch of smart wearable device assembly, advancements in automotive audio, and the establishment of new production bases in Jiangxi and Vietnam, positioning the company for future growth despite current investment and transformation pressures.

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Guoguang Electric Corporation 2025 Annual Report Summary

Securities Code: 002045 Securities Abbreviation: Guoguang Electric Announcement No.: 2026-27

I. Important Notes

This annual report summary is derived from the full annual report. To fully understand the company's operating results, financial position, and future development plans, investors should carefully read the full annual report in the media designated by the China Securities Regulatory Commission.

All directors attended the board meeting that reviewed this report.

Non-standard Audit Opinion Notice □ Applicable □ Not Applicable

Board of Directors' Review of Profit Distribution Plan or Capital Reserve Transfer to Share Capital Plan for the Reporting Period ☑ Applicable □ Not Applicable

Whether to transfer capital reserve to share capital □ Yes □ No

The profit distribution plan reviewed and approved by the board of directors for this period is as follows: Based on the share capital registered on the equity distribution registration date, the company will distribute a cash dividend of RMB 0.15 (tax inclusive) per 10 shares to all shareholders, with 0 bonus shares (tax inclusive), and no capital reserve transfer to share capital.

Board Resolution on Profit Distribution Plan for Preferred Shares in the Reporting Period □ Applicable □ Not Applicable

II. Company Basic Information

  1. Company Profile

Stock Abbreviation: Guoguang Electric Stock Exchange: Shenzhen Stock Exchange Stock Code: 002045

Name Contact Person and Contact Method Board Secretary Securities Affairs Representative Office Address Fax Telephone

Wang Jie Guangzhou Huadu District Xinya Street Jinghu Avenue No. 8 020-28609396 020-28609688

Liang Xueying, Guo Yiwei Guangzhou Huadu District Xinya Street Jinghu Avenue No. 8 020-28609396 020-28609688

Email ir@ggec.com.cn ir@ggec.com.cn

  1. Brief Introduction to Main Business or Products During the Reporting Period

The company has comprehensively developed DSP, electronic hardware, simulation, software, Wi-Fi, Bluetooth, and other wireless technologies with acoustics as its core technology, focusing on the design, manufacturing, and sales of audio and electroacoustic components. The company's main businesses are audio and electroacoustic products and lithium battery business. The company's audio and electroacoustic products mainly include four major categories: traditional audio, smart hardware, automotive audio, and professional audio. Traditional audio includes: speakers, Bluetooth speakers, traditional headphones, computer peripheral audio, Wi-Fi speakers, soundbars, etc.; smart hardware includes: smart speakers, AI glasses, AI headphones, VR/AR products, etc.; automotive audio includes: car amplifiers, subwoofers, woofers, etc.; professional audio includes: musical instrument audio, high-power active speakers, POE speakers, etc. The main products of the lithium battery business are polymer lithium-ion batteries, which can be used in headphones, smart speakers, wearable devices, electronic cigarettes, drones, and other products.

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