2025 Annual Board of Directors Work Report
In 2025, all members of the Board of Directors of Shenzhen Sunlord Electronics Co., Ltd. (hereinafter referred to as "the Company") acted in accordance with the requirements of the Company Law, Securities Law, and the Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange, combined with the actual situation of the Company. Adhering to the Articles of Association and the Rules of Procedure for Board Meetings, the Board exercised its powers independently and diligently to protect the rights and interests of shareholders, the Company, and employees. The Board fulfilled its responsibilities assigned by the shareholders' meeting, strictly executed all resolutions, and actively promoted the implementation of various decisions, continuously standardizing the corporate governance structure to ensure scientific decision-making and standardized operations.
The report on the work of the Board of Directors for 2025 is as follows: In 2025, all colleagues at Sunlord Electronics worked together with determination and innovation, closely focusing on strategic development goals. The annual revenue reached RMB 6.745 billion, with a net profit of RMB 1.141 billion and a net profit attributable to shareholders of RMB 1.021 billion; both sales revenue and profit set historical records. The Company performed steadily in traditional markets such as mobile communications and consumer electronics, while achieving sustained strong growth in emerging strategic markets like data centers, AI applications, and automotive electronics. The Company's comprehensive competitiveness and industry influence continued to rise.
The development model has transformed from a "follower" to a "leader." The Company systematically promoted comprehensive reforms in strategic management, organizational structure, operational systems, and evaluation mechanisms, evolving its development philosophy from "product supply" to "solution provision and value co-creation," laying a solid foundation for leapfrog development from industry follower to innovation leader.
Strengthening innovation across the entire value chain, the Company focused on market demands and industry trends, constructing a closed-loop innovation system from "application scenarios → product development → technology platforms → basic research." Continuous increases in R&D investment led to innovation results highly recognized by top global clients: (1) The Company is a core supplier of automotive electronic magnetic components, with steady progress in global business layout; (2) Comprehensive industrial and product layouts around data centers have been established, covering all clients related to power supply modules for GPU, CPU, and ASIC chips; (3) The Company's early layout in high-end electronic components positions it well for opportunities in commercial aerospace, low-orbit satellites, and the low-altitude economy; (4) Progress in hydrogen fuel solid oxide fuel cell (SOFC) business is smooth, with vast market potential in the new energy sector laying a solid foundation for the Company's medium to long-term development.
1. Key Operating Indicators for 2025
In 2025, the Company achieved an operating income of RMB 6.745 billion, a year-on-year increase of 14.39%; the net profit attributable to shareholders reached RMB 1.021 billion, up 22.71% year-on-year, and the net profit after deducting non-recurring gains and losses was RMB 978 million, an increase of 25.23% year-on-year.
1.1 Sales and Profit
| Project | 2025 | Year-on-Year Change |
|---|---|---|
| Operating Income | 6,745 million RMB | +14.39% |
| Net Profit Attributable to Shareholders | 1,021 million RMB | +22.71% |
| Net Profit (Excluding Non-Recurring Gains and Losses) | 978 million RMB | +25.23% |
1.2 Gross Profit Situation
In 2025, the Company achieved a gross profit of RMB 2.471 billion, a year-on-year increase of 14.83%. The gross profit margin for 2025 was 36.64%, an increase of 0.14% compared to the previous year.
1.3 Analysis of Gross Profit Margin Changes
During the reporting period, the prices of some raw materials and labor costs continued to rise. The Company actively mitigated the pressure on costs through measures such as expanding operational scale, improving production efficiency, enhancing production processes, and increasing balanced production capacity.