- Northern Chemical Industry Co., Ltd. 2025 Annual Board of Directors Work Report
In 2025, the Board of Directors of Northern Chemical Industry Co., Ltd. (hereinafter referred to as "the Company") diligently fulfilled its responsibilities as mandated by the Company Law, Securities Law, and the Articles of Association, strictly executing shareholder resolutions, actively promoting various work deployments, continuously standardizing corporate governance, and ensuring scientific decision-making and standardized operations by the Board. The following is the report on the Board's work in 2025:
I. Overall Business Performance of the Company
In 2025, the Company, guided by Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, deeply studied and implemented the spirit of the 20th National Congress of the Communist Party, the Fourth Plenary Session of the 20th Central Committee, and the Central Economic Work Conference. The ability to govern according to law has significantly improved, and the management chain has become smoother and more efficient. The Company achieved an annual revenue of 2.75 billion yuan, a net profit attributable to shareholders of 263 million yuan, and earnings per share of 0.48 yuan, with net assets attributable to shareholders at 3.055 billion yuan by year-end.
II. Key Work of the Board of Directors in 2025
(1) Implementing Development Strategy and Laying a Solid Foundation for High-Quality Development
The Board of Directors coordinated the successful completion of the 14th Five-Year Plan and the layout of the 15th Five-Year Plan, focusing on optimizing the structure of the listed company, promoting resource allocation and mechanism innovation, improving governance and standardized operations, fostering endogenous growth and innovative development, continuously optimizing the structure of core businesses and core competitiveness, and enhancing market recognition and value. In 2025, the Company had strong equipment support, accelerated major projects, initial results in innovation momentum, deepened industrial integration, stable safety and quality, a continuously strengthened talent team, steadily improved governance capabilities, and comprehensive strengthening of Party building.
(2) Board's Responsibilities and Ensuring Legal Compliance in Decision-Making
The Board fully implemented the relevant work requirements of the China Securities Regulatory Commission and the Shenzhen Stock Exchange, anchoring high-quality development as the primary task, fully leveraging the core role of the Board in strategy formulation, decision-making, and risk prevention. The Board faithfully fulfilled its decision-making and supervisory responsibilities, adhering to compliance first and prudent decision-making, laying a solid foundation for the Company's standardized development.
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Board Organization Construction In 2025, the Company strictly followed legal procedures in accordance with the Company Law and Articles of Association, successfully completing the election of the sixth Board of Directors. The new Board members were approved by the shareholders' meeting, combining professional capabilities and industry experience, meeting the strategic development needs of the Company. The smooth transition of the Board ensured the stability and continuity of the corporate governance structure, helping to continuously enhance the Company's standardized operation level and long-term competitiveness. The Board structure was optimized, communication channels strengthened, and independent directors actively conducted research and field investigations on important matters, further enhancing the role of independent directors and continuously improving the Company's governance level. The sixth Board of Directors consists of 9 members, including 6 non-independent directors and 3 independent directors, with 1 employee representative among the non-independent directors. The Board has established four specialized committees: Audit, Strategy, Compensation and Assessment, and Nomination, with 5 members in the Strategy Committee and 3 members in the Audit, Compensation and Assessment, and Nomination Committees. One Board Secretary was appointed.
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Board Work Performance In 2025, the Board held 9 meetings, forming 52 resolutions, all of which were effectively executed. Details are as follows: