Shanghai Newland Industry Co., Ltd. 2025 Annual Report Summary

Shanghai Newland Industry Co., Ltd. 2025 Annual Report Summary Securities Code: 002328 Securities Abbreviation: Xinpeng Shares Announcement No.: 2026-015 Shanghai Newland Industry Co., Ltd. 2025 Annual Report Summary I. Important Notice This annual report summary is derived from the full annual report. To fully understand the company's operating results, financial condition, and future development plans, investors should carefully read the full annual report on 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' Resolution on Profit Distribution Plan or Capital Reserve Transfer to Share Capital 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 is: based on 771,770,000 shares, a cash dividend of RMB 1.16 per 10 shares (tax inclusive) will be distributed to all shareholders, with 0 bonus shares (tax inclusive), and no transfer of capital reserve to share capital. Board of Directors' Resolution on Preferred Share Profit Distribution Plan for the Reporting Period □ Applicable Not Applicable II. Company Basic Information

1. Company Profile Securities Abbreviation: Xinpeng Shares Stock Exchange: Shenzhen Stock Exchange Name Position Contact Person and Contact Information Board Secretary Securities Affairs Representative Gu Jun Li Wenjun Registered Address Shanghai Qingpu District Huaxin Town Hualong Road No. 1698 Shanghai Qingpu District Huaxin Town Hualong Road No. 1698 Fax 86-21-31166513 86-21-31166513 Telephone 86-21-31166512 86-21-31166512 Email xinpengstock@xinpeng.com xinpengstock@xinpeng.com
2. Brief Introduction to the Company's Main Business or Products During the reporting period, the company's main businesses included: automotive parts, metal and communication components, and investment business. The company also provides factory leasing services on the basis of meeting its own needs. 1 Shanghai Newland Industry Co., Ltd. 2025 Annual Report Summary (I) Automotive Parts Business
3. Main Products and Services During the reporting period, the company mainly provided customers with services such as blanking, large stamping of covering parts, and welding of sub-assemblies for passenger vehicles, as well as small metal parts, covering vehicle body parts, new energy vehicle battery shells, etc. The products and services are as follows: Sub-assembly Welding Covering Parts Stamping [Image: Robotic arm welding] [Image: Stamping press] Blanking [Image: Metal coil feeding] During the reporting period, the company had ample production capacity, which could effectively meet the needs of existing customers and market expansion. The company will also focus on expanding customers to increase revenue.
4. Company Automotive Parts Business Structure The company's automotive parts business is mainly provided to customers by its holding subsidiaries Xinpeng Lianzhong and Yangzhou Xinpeng, including four major production bases in Shanghai (Qingpu District, Lingang New Area), Yangzhou, Ningbo, and Changsha. The structure is as follows: [Chart: Company structure diagram] Xinpeng Lianzhong Xinpeng Shares Yangzhou Xinpeng Ningbo Xinpeng Changsha Xinpeng Xinpeng Jinghang
5. Main Customers During the reporting period, the company's core customers in the automotive parts business were SAIC Volkswagen and well-known regional electric vehicle manufacturers, with stable cooperation maintained. With the gradual increase in the penetration rate of new energy vehicles and the recognition of end-users, the company will accelerate the expansion of high-quality domestic and international customers, relying on the technological upgrading and business development of new energy vehicles and new energy vehicle battery shells to extend the product and service chain, and enhance comprehensive strength and profitability.
6. Main Business Model During the reporting period, the company's automotive business main business model remained largely unchanged, as follows: (1) Production: The mature "production based on sales" production model has been consistently used. (2) Procurement: The company adopts the "procurement based on production" procurement model. (3) Sales: Primarily direct sales "B2B" model. (II) Metal and Communication Components Business
7. Main Products and Services The company's metal and communication components business covers mold design and manufacturing, and customized product design services. Manufacturing methods include: precision stamping, CNC punching and bending, laser cutting, robotic welding, powder coating, etc. With its large-scale production capacity and comprehensive quality control system, the company deeply cultivates the metal and communication components field, providing specialized design and manufacturing services. The company mainly provides customers with customized and developed metal precision components of various specifications and purposes, which can be widely used in automobiles, energy storage and supporting facilities, data centers, communication cabinets, home appliances, and other fields. 2 Shanghai Newland Industry Co., Ltd. 2025 Annual Report Summary
8. Production Structure The company's metal and communication components business is mainly provided by its wholly-owned domestic subsidiary Xinpeng Metal and its wholly-owned foreign subsidiary Inno Thailand to customers, including two major production bases in Shanghai and Suzhou, and three major manufacturing sites in Thailand's Rayong, with the following structure: Xinpeng Shares Xinpeng Metal Inno Thailand Suzhou Xinpeng Xinpeng Jinghang
9. Main Business Operations During the reporting period, the company's metal and communication components business was mainly export-oriented. Customers included world top 500 companies such as Jabil, Schneider Electric, and Makita. To better serve customers, the company has established a production base in Thailand, which will continue to focus on energy storage and cabinets for data centers.
10. Main Business Model The company's metal and communication components business involves product R&D and quotation based on customer demand. After approval, it enters small-batch production. During the production process, technical aspects and automation are continuously optimized. If customer demand is stable, it enters mass production. During the reporting period, the main business model of the company's metal components business remained unchanged, as follows: (1) Manufacturing Process: [Chart: Manufacturing process flow] (2) Procurement: A combination of centralized and decentralized procurement is adopted. (3) Sales: Primarily direct sales "B2B" model.
11. Trade Settlement Methods The company mainly uses Ex Works (EXW) settlement for international trade, which clarifies the responsibilities of buyers and sellers and effectively optimizes the company's operational efficiency. (III) Investment Business
12. Main Structure During the reporting period, the company's investment business was mainly carried out through its wholly-owned subsidiary Hanyudong. Hanyudong participated in the investment of eight funds as a limited partner: Sinopurse New, Huifu Venture Capital, Nanjing New, Nanjing Venture Capital, Nanjing Jixiang, Nanjing Chenguang, Sinopurse Mu, and Jiangyin Xin Chenguang. (For details, please refer to "Section III Management Discussion and Analysis, Section IV Main Business Analysis Overview" for relevant descriptions.)
13. Main Business Model The company's investment business is mainly carried out through participating in private equity funds and direct equity investment, as follows: 3 Shanghai Newland Industry Co., Ltd. 2025 Annual Report Summary (1) Private Equity Fund Model: Investing in enterprise equity indirectly by contributing capital to private equity funds. (2) Direct Equity Investment Model: Investing company's own capital in unlisted enterprises' equity. The company will also gradually implement strategic investments and improve investment functional modules and resource optimization in the future, based on investment development strategies and multiple factors.
14. Business Scope and Development In 2025, the domestic capital market developed well, reflecting the improvement and recognition of China's economic strength globally. The company's investment business will be reasonably allocated around the national strategic direction, enhancing industrial dimensions and seeking more industrial resources and opportunities. Subsequently, the company will focus on key areas such as technology, medical and pharmaceutical, and semiconductor industries with its partners, deepen industrial research and post-investment collaborative management, and ensure stable business exit and sustainable development.
15. Main Accounting Data and Financial Indicators Does the company need to retrospectively adjust or restate previous accounting data? □ Yes No Unit: RMB Year-end 2025 Year-end 2024 Year-on-year change (%) Year-end 2023 Total Assets 5,482,167,365.48 5,894,465,082.44 -6.99% 6,009,866,198.10 Net Assets Attributable to Shareholders of the Parent Company 3,321,353,114.58 3,289,393,045.13 0.97% 3,241,658,386.73 Unit: RMB 2025 2024 Year-on-year change (%) 2023 Operating Revenue 3,841,689,924.42 5,017,470,414.90 -23.43% 5,817,760,114.38 Net Profit Attributable to Shareholders of the Parent Company 140,684,752.83 153,924,632.04 -8.60% 188,775,819.93 Net Profit Attributable to Shareholders of the Parent Company, Excluding Recurring Gains and Losses 73,169,542.65 124,999,204.27 -41.46% 136,176,744.55 Net Cash Flow from Operating Activities 277,144,565.53 702,478,308.01 -60.55% 541,983,156.18 Basic Earnings Per Share (RMB/share) 0.18 0.20 -10.00% 0.25 Diluted Earnings Per Share (RMB/share) 0.18 0.20 -10.00% 0.25 Weighted Average Return on Equity (%) 4.28% 4.71% -0.43% 5.95% (2) Quarterly Main Accounting Data Unit: RMB First Quarter Second Quarter Third Quarter Fourth Quarter Operating Revenue 1,034,721,813.49 1,087,556,461.95 971,408,802.00 748,002,846.98 Net Profit Attributable to Shareholders of the Parent Company 40,506,259.22 42,248,874.29 58,944,599.32 -1,014,980.00 Net Profit Attributable to Shareholders of the Parent Company, Excluding Recurring Gains and Losses 25,085,896.63 29,005,529.53 11,840,685.75 7,237,430.74 4 Shanghai Newland Industry Co., Ltd. 2025 Annual Report Summary Net Profit Operating Cash Flow 162,875,605.25 1,117,589.82 173,413,592.31 -60,262,221.84 Does the total of the above financial indicators or their sum significantly differ from the financial indicators disclosed in the company's quarterly reports and semi-annual reports? □ Yes No
16. Share Capital and Shareholder Information (1) Number of Ordinary Shares and Priority Shares with Voting Rights Recovered, and Top 10 Shareholders' Shareholding Information Unit: Share Report End Date Total Ordinary Shares 39,411 Total Ordinary Shares One Month Before Report End Date 38,709 Number of Priority Shares with Voting Rights Recovered at Report End Date 0 Number of Priority Shares with Voting Rights Recovered One Month Before Report End Date 0 Top 10 Shareholders' Shareholding Information (Excluding Shares Lent Through Securities Financing) Shareholder Name Shareholder Nature Shareholding Percentage Number of Shares Number of Shares with Restricted Sales Pledged, Marked, or Frozen Status Number Song Lin Natural Person, China 34.34% 265,060,000 198,795,000 Not Applicable 0 Zhong Ge Natural Person, China 1.79% 13,800,000 0 Not Applicable 0 Miao Xueping Natural Person, China 1.08% 8,319,000 0 Not Applicable 0 Chen Shaotang Natural Person, China 1.02% 7,884,000 0 Not Applicable 0 Shan Guanglin Natural Person, China 0.66% 5,070,000 0 Not Applicable 0 Wang Meng Natural Person, China 0.65% 5,039,600 0 Not Applicable 0 Goldman Sachs International - Principal Capital Foreign Legal Person 0.40% 3,087,425 0 Not Applicable 0 He Xueping Natural Person, China 0.39% 3,010,000 0 Not Applicable 0 Wu Jiming Natural Person, China 0.37% 2,846,800 0 Not Applicable 0 Wang Nannan Natural Person, China 0.34% 2,650,000 0 Not Applicable 0 Description of Related Party Relationships or Concerted Actions Among the Above Shareholders Information on Shareholders Participating in Securities Financing and Margin Trading (If Any) The company is not aware of any related party relationships among the other shareholders mentioned above, nor are they considered acting in concert as defined by the "Measures for the Disclosure of Changes in Shareholdings of Listed Companies." Shareholder Zhong Ge holds 7,900,000 shares of the company through a regular investor account and 5,900,000 shares through a credit investor account, totaling 13,800,000 shares. Shareholder Chen Shaotang holds 7,884,000 shares through a credit investor account, totaling 7,884,000 shares. Shareholder Shan Guanglin holds 350,000 shares through a regular investor account and 4,720,000 shares through a credit investor account, totaling 5,070,000 shares. Shareholder Wang Meng holds 5,039,600 shares through a credit investor account, totaling 5,039,600 shares. Shareholder He Xueping holds 3,010,000 shares through a credit investor account, totaling 3,010,000 shares. Shareholder Wu Jiming holds 500 shares through a regular investor account and 2,846,300 shares through a credit investor account, totaling 2,846,800 shares. Shareholder Wang Nannan holds 2,650,000 shares through a credit investor account, totaling 2,650,000 shares. Information on Shareholders Holding More Than 5% of Shares, Top 10 Shareholders, and Top 10 Tradable Shareholders Participating in Securities Lending 5 Shanghai Newland Industry Co., Ltd. 2025 Annual Report Summary □ Applicable Not Applicable Changes in the Top 10 Shareholders and Top 10 Tradable Shareholders Due to Securities Lending/Return in the Current Period □ Applicable Not Applicable (2) Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Shareholding Information □ Applicable Not Applicable The company had no preferred shareholders during the reporting period. (3) Disclosure of Property Rights and Control Relationship Between the Company and the Actual Controller in a Box Diagram Actual Controller Song Lin 34.34% Shanghai Newland Industry Co., Ltd.
17. Information on Outstanding Bonds Approved for Issuance During the Reporting Period □ Applicable Not Applicable III. Important Matters None 6 Shanghai Newland Industry Co., Ltd. Board of Directors 2026 April 28