EDIFIER 漫步者 Shenzhen EDIFIER Technology Co., Ltd. 2025 Annual Report Summary Securities Code: 002351 Securities Abbreviation: EDIFIER Announcement No.: 2026-010 Shenzhen EDIFIER Technology Co., Ltd. 2025 Annual Report Summary I. Important Notes 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 Reminder □ Applicable Not Applicable Profit Distribution Proposal or Capital Reserve Transfer to Share Capital Proposal Reviewed by the Board of Directors ☑ Applicable Not Applicable Is Capital Reserve Transferred to Share Capital? □ Yes The profit distribution proposal reviewed and approved by the board of directors is as follows: Based on 884,007,000 shares (total share capital of 889,107,000 shares minus 5,100,000 shares held by the employee stock ownership plan), a cash dividend of ¥2 (tax inclusive) per 10 shares will be distributed to all shareholders, with 0 bonus shares (tax inclusive), and no capital reserve transfer to share capital. Preferred Share Profit Distribution Proposal Reviewed and Approved by the Board of Directors for the Reporting Period □ Applicable Not Applicable II. Basic Company Information
- Company Profile Stock Abbreviation EDIFIER Stock Code 002351 Stock Exchange Shenzhen Stock Exchange Contact Person and Contact Information Name Board Secretary Securities Affairs Representative Li Xiaodong He Chunyu Office Address 3rd Floor, A302, Qinghua Ziguang Science and Technology Park, Nanshan District, Shenzhen 3rd Floor, A302, Qinghua Ziguang Science and Technology Park, Nanshan District, Shenzhen Fax 0755-26970904 0755-26970904 Telephone 0755-86029885 0755-86029885 Email main@edifier.com yuki_he@edifier.com
- Brief Introduction to Main Business or Products in the Reporting Period EDIFIER was founded in 1996 and is a specialized audio equipment company integrating product creativity, industrial design, technology research and development, large-scale production, and independent marketing. The company is mainly engaged in the R&D, production, and sales of home audio, professional audio, car audio, headphones, and microphones. With the corporate mission of "Empowering with Sound through Craftsmanship," the company has focused on the research, development, and product application of audio technology for many years. It has now developed into a high-tech enterprise and industry leader renowned for its speakers and headphones as core products, exquisite electroacoustic technology, well-known brands, refined management, and excellent product quality. The company has a professional team covering product creativity, industrial design, product R&D, large-scale production, and independent marketing. Its products cover several categories including home audio, professional audio, car audio, headphones, and microphones, with hundreds of models. Relying on the company's strong R&D capabilities for new products and technologies, comprehensive and excellent manufacturing capabilities, and precise product positioning, many products under the "EDIFIER" brand have repeatedly won the "Red Dot Design Award," "iF Design Award," "CES Design and Engineering Award," and "EDIFIER" has become synonymous with high-quality audio and headphones, enjoying high recognition and a good reputation in the industry. EDIFIER has been rooted in the audio industry for nearly 30 years and has successively launched brands such as "Xemal," "HECATE," "Flower Plus," "AIRPULSE," and "STAX SPIRIT." The company actively expands its overseas markets and moves towards the world as a Chinese independent brand. In 2012, EDIFIER wholly acquired Japan's STAX Ltd., bringing the globally renowned electrostatic headphone brand STAX under its umbrella. Currently, the trademarks "EDIFIER" and "EDIFIER" have been registered as international trademarks in more than 80 countries and regions, including Germany, the United Kingdom, France, Italy, the United States, Canada, Japan, Australia, Russia, and Mexico. The company has assembled a product R&D and sales team from different countries, building a marketing network that successfully sells products globally, with product sales ranking among the top in the global industry.
- Key Accounting Data and Financial Indicators (1) Key Accounting Data and Financial Indicators for the Past Three Years Does the company need to retrospectively adjust or restate previous accounting data? □ Yes No Unit: RMB 2025 Year-end 2024 Year-end Year-on-year increase/decrease 2023 Year-end Total Assets 3,664,423,969.92 3,533,402,162.84 3.71% 3,290,281,659.92 Net Assets Attributable to Shareholders of Listed Companies 2,981,605,834.39 2,787,155,777.92 6.98% 2,541,800,986.46 2025 2024 Year-on-year increase/decrease 2023 Operating Revenue 2,797,066,403.57 2,943,318,533.06 -4.97% 2,693,635,815.14 Net Profit Attributable to Shareholders of Listed Companies 430,994,066.32 449,234,887.92 -4.06% 419,602,350.31 Net Profit Attributable to Shareholders of Listed Companies Excluding Recurring Gains and Losses 402,068,729.16 429,454,157.96 -6.38% 377,841,766.08 Net Cash Flow from Operating Activities 390,182,866.54 437,125,801.86 -10.74% 510,093,919.07 Basic Earnings Per Share (RMB/share) 0.48 0.51 -5.88% 0.47 Diluted Earnings Per Share (RMB/share) 0.48 0.51 -5.88% 0.47 Weighted Average Return on Net Assets 14.94% 16.80% -1.86% 17.43% (2) Quarterly Key Accounting Data Unit: RMB First Quarter Second Quarter Third Quarter Fourth Quarter Operating Revenue 658,439,949.79 694,234,306.46 703,758,850.93 740,633,296.39 Net Profit Attributable to Shareholders of Listed Companies 102,175,532.00 97,870,004.78 99,839,278.63 131,109,250.91 Net Profit Attributable to Shareholders of Listed Companies Excluding Recurring Gains and Losses 96,789,857.24 91,400,623.86 93,869,959.44 120,008,288.62 Net Cash Flow from Operating Activities 40,744,051.90 46,987,858.04 151,567,710.78 150,883,245.82 Are there any significant differences between the above financial indicators or their sums and the disclosed quarterly or semi-annual financial reports? □ Yes No
- Share Capital and Shareholder Information (1) Number of Ordinary Shareholders and Ordinary Shareholders with Voting Rights Restored, and Top 10 Shareholders' Shareholding Information Unit: shares Total Number of Ordinary Shareholders at the End of the Reporting Period 74,056 Total Number of Ordinary Shareholders at the End of the Month Preceding the Reporting Period 71,708 Total Number of Priority Shareholders with Voting Rights Restored at the End of the Reporting Period 0 Total Number of Priority Shareholders with Voting Rights Restored at the End of the Month Preceding the Reporting Period 0 Top 10 Shareholders' Shareholding Information (Excluding Shares Lent Through Securities Lending) Shareholder Name Shareholder Nature Shareholding Ratio Number of Shares Held Number of Shares with Restricted Sales Conditions Pledged, Marked, or Frozen Information Share Status Number Zhang Wendong Domestic Individual 26.67% 237,138,069 177,853,552 Not Applicable 0 Xiao Min Domestic Individual 21.35% 189,792,100 142,344,075 Not Applicable 0 Zhang Wensheng Domestic Individual 3.28% 29,140,000 21,855,000 Not Applicable 0 Wang Xiaohong Foreign Individual 2.87% 25,531,890 25,524,292 Not Applicable 0 Jing Zhijun Domestic Individual 0.62% 5,486,950 0 Not Applicable 0 Shenzhen EDIFIER Technology Co., Ltd. - 2024 Employee Stock Ownership Plan Other 0.57% 5,100,000 0 Not Applicable 0 China Everbright Bank Co., Ltd. - China Merchants Anben Wealth Management Bonded Securities Investment Fund Other 0.46% 4,113,450 0 Not Applicable 0 Bank of China Co., Ltd. - China Merchants Credit Enhancement Bonded Securities Investment Fund Other 0.46% 4,112,400 0 Not Applicable 0 China Merchants Bank Co., Ltd. - Southern China CSI 1000 Exchange Traded Open-end Index Securities Investment Fund Other 0.46% 4,058,981 0 Not Applicable 0 Hong Kong Stock Exchange Clearing Limited Foreign Legal Entity 0.39% 3,439,152 0 Not Applicable 0 Description of Relationships Between the Above Shareholders or Acting in Concert Mr. Zhang Wensheng and Mr. Zhang Wendong are brothers and act in concert. It is unknown whether other shareholders have relationships or act in concert with the company. Information on Shareholders Participating in Securities Margin Trading and Securities Lending (if any) Shareholder Jing Zhijun holds 1,800,600 shares through a securities account for margin trading of securities with Datong Securities Co., Ltd. Information on Shareholders Holding More Than 5% of Shares, Top 10 Shareholders, and Top 10 Non-restricted Shareholders Participating in Securities Lending □ Applicable Not Applicable Changes in Share Lending/Return by Top 10 Shareholders and Top 10 Non-restricted Shareholders Leading to Changes Compared to the Previous Period □ Applicable Not Applicable (2) Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Shareholding Information □ Applicable Not Applicable The company has no preferred shareholders during the reporting period. (3) Ownership and Control Structure of the Company and its Actual Controller in a Box Diagram Format Zhang Wendong 26.67% Direct Holding Shenzhen EDIFIER Technology Co., Ltd.
- Information on Outstanding Bonds as of the Date of Approval of the Annual Report □ Applicable Not Applicable III. Important Matters No other important matters occurred during the reporting period. Shenzhen EDIFIER Technology Co., Ltd. Chairman: Zhang Wendong March 26, 2026