Important Notes, Directory, and Definitions
The Board of Directors, Supervisory Board, and senior management of the company guarantee that the content of the annual report is true, accurate, and complete, with no false records, misleading statements, or major omissions, and bear individual and joint legal responsibilities. The person in charge of the company, Hou Yankui, the head of accounting, Wu Huanxu, and the head of the accounting institution (accounting supervisor), Shi Yong, declare: they ensure the truthfulness, accuracy, and completeness of the financial report in this annual report. All directors have attended the board meeting to review this report.
Non-standard Audit Opinion Notice
☒ Applicable □ Not Applicable Zhongshang Yatai Accounting Firm (Special General Partnership) issued an audit report with a disclaimer of opinion for the company. The Board of Directors and Supervisory Board have provided detailed explanations regarding the relevant matters; investors are advised to read carefully.
Major Internal Control Defects Notice
☑ Applicable □ Not Applicable Zhongshang Yatai Accounting Firm (Special General Partnership) issued a negative opinion on the internal control report for the company. The Board of Directors and Supervisory Board have provided detailed explanations regarding the relevant matters; investors are advised to read carefully.
Forward-looking Statements
The forward-looking statements regarding future plans in this report do not constitute substantial commitments to investors. Investors and relevant parties should maintain sufficient risk awareness and understand the differences between plans, forecasts, and commitments. The company has detailed the risks it may face in its operations and corresponding countermeasures in Section 3, "Management Discussion and Analysis," under "11. Risks Faced by the Company and Countermeasures." Investors are encouraged to read carefully and pay attention to investment risks.
Dividend Distribution Plan
The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves.
Directory
- Important Notes, Directory, and Definitions ....................................................................................................................... 2
- Company Profile and Key Financial Indicators .................................................................................................................. 7
- Management Discussion and Analysis .................................................................................................................................. 11
- Corporate Governance .......................................................................................................................................................... 25
- Environmental and Social Responsibility .......................................................................................................................... 39
- Important Matters .................................................................................................................................................................. 40
- Changes in Shares and Shareholder Information ............................................................................................................... 54
- Preferred Shares Information ............................................................................................................................................... 60
- Bond Information .................................................................................................................................................................. 60
- Financial Report .................................................................................................................................................................... 61
Documents for Inspection
- The 2024 annual financial statements signed and stamped by the person in charge of the company, Hou Yankui, the head of accounting, Wu Huanxu, and the head of the accounting institution (accounting supervisor), Shi Yong.
- The original audit report stamped by the accounting firm and signed by the certified public accountant.
- All original documents and announcements publicly disclosed by the company during the reporting period.
- Annual reports published in other securities markets.