Ningbo Liyuan Environmental Energy Technology Co., Ltd. 2025 Annual Board of Directors Work Report
In 2025, the company's Board of Directors strictly followed the "Company Law," "Securities Law," "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Supervision Guidelines No. 1 – Norms for Operation of Main Board Listed Companies," "Articles of Association," and "Board of Directors Meeting Rules" and other relevant laws, regulations, and company rules. Proceeding from the perspective of earnestly protecting the company's interests and the rights and interests of all shareholders, it conscientiously performed the duties entrusted by the shareholders' meeting, and strictly implemented all resolutions of the shareholders' meeting, continuously standardizing the company's corporate governance structure. The work of the Board of Directors in 2025 (hereinafter referred to as "the reporting period") is hereby reported as follows:
I. 2025 Operating Performance
In 2025, China's "dual carbon" goals were deeply advanced, and the construction of a new power system entered a critical phase of pilot implementation and quality improvement. The digital transformation of the ecological environment monitoring network accelerated, and the overall energy and environmental protection industry showed strong policy drivers, rapid technological iteration, and market demand segmentation. During the reporting period, the company seized the opportunity of the digital transformation of the industry, deeply cultivated the core sectors of power digitalization and intelligent energy and environmental protection, and fully promoted technological innovation and market expansion. Despite the impact of industry cycles, downstream procurement rhythms, and intensified market competition, profitability was under short-term pressure. However, the resilience of core businesses was evident, operating cash flow remained ample, and full-year operating revenue reached 108,644.87 million yuan, an increase of 0.92% year-on-year. Net profit attributable to shareholders of the listed company was 21,476.85 million yuan, a year-on-year decrease of 22.60%. Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 21,485.16 million yuan, a year-on-year decrease of 18.66%. Overall operations remained stable, and core competitiveness was continuously consolidated.
II. Board of Directors' Performance of Duties
(I) Board of Directors Meetings
During the reporting period, the company's Board of Directors convened and held board meetings in strict accordance with relevant laws, regulations, and the "Articles of Association" and "Board of Directors Meeting Rules" to review and make decisions on various major matters of the company. A total of six board meetings were held throughout the year, with details as follows: