2025 Annual Board of Directors Work Report
In 2025, all members of the Board of Directors of Shenzhen Walden Materials Co., Ltd. (hereinafter referred to as "the Company") strictly adhered to the requirements of the Company Law, Securities Law, and other legal regulations, as well as the provisions of the Articles of Association, Shareholders' Meeting Rules, and Board Meeting Rules. The Board effectively fulfilled its responsibilities, strictly executed shareholder resolutions, actively promoted the implementation of various board resolutions, strengthened internal controls, improved governance structures, and ensured scientific decision-making and standardized operations. The following is a report on the Board's work in 2025:
1. 2025 Company Operating Conditions
In 2025, the Company adhered to the main development direction of "electronic communication + new energy power" and continuously advanced its strategic planning. Despite certain uncertainties in the macroeconomic environment and intensified industry competition, the Company actively seized industry development opportunities, driven by technological innovation and market demand, continuously increased R&D investment and market expansion efforts, and promoted product upgrades and capacity construction. Additionally, the Company optimized resource allocation in line with industry development trends and market demand changes, increasing investments in key business areas such as high-speed communication cables, further enhancing the development momentum of related business segments. Furthermore, in terms of management, the Company continued to promote automation, information technology, and intelligent construction, optimizing production processes and management workflows to continuously improve overall operational efficiency and refined management levels, thereby solidifying the industrial foundation and enhancing the Company's core competitiveness. Thanks to these initiatives, all major business segments achieved varying degrees of growth during the reporting period, with the communication cable business showing the most significant growth, and the new energy vehicle product business also achieving good growth, maintaining a steady growth trend in overall operating performance. The important work achievements during the reporting period are as follows:
- Strengthening R&D Innovation Capability and Promoting Product Upgrades
During the reporting period, the Company continuously increased R&D investment, focusing on the development needs of the electronic communication and new energy power industries, advancing key technology breakthroughs and product iterations, continuously improving the R&D system, and enhancing the efficiency of technology transfer. In terms of product innovation, the development of single-channel 448G high-speed communication cable samples was completed and delivered for verification by key customers, with product technology leading the industry; the self-developed 750kV cable accessories passed in-house testing, marking a further breakthrough in the Company's R&D level in the ultra-high voltage field; the Company's heat-shrinkable materials continued to achieve breakthroughs in high-end industries such as new energy and medical, with sales share steadily increasing. In R&D management, the Company continuously optimized R&D processes, introduced digital tools, and promoted intelligent R&D management, effectively improving project management levels and accelerating new product development processes, further enhancing product development efficiency and technological innovation capability. At the same time, the Company closely aligned technology transfer with market demand, strengthening collaboration with key customers during product design and R&D phases to promote deep integration of technological innovation and product application. In team building, the Company continued to strengthen the R&D talent team by attracting high-end R&D technical talent and deepening cooperation with well-known domestic universities, creating a stable R&D talent pipeline.