Shanxi Tongde Chemical Co., Ltd. 2025 Annual Report of the Board of Directors
In 2025, Shanxi Tongde Chemical Co., Ltd. (hereinafter referred to as "Tongde Chemical" or "the Company") strictly followed the "Company Law of the People's Republic of China," the "Articles of Association," and the "Rules of Procedure for the Board of Directors," along with other relevant laws and regulations. With a sense of responsibility to all shareholders, the Board of Directors diligently performed its duties with integrity, honesty, and diligence. It implemented all resolutions of the Company's shareholders' meetings, effectively carried out various board tasks, and ensured the Company's sustained, healthy, and stable development. The Board of Directors' work in 2025 is hereby reported as follows:
I. Overview of 2025 Operating Performance
In 2025, facing macroeconomic fluctuations, intensified industry competition, and external environmental uncertainties, under the correct leadership of the Board of Directors, the Company's management team adhered to focusing on its core business, improving quality and efficiency, and controlling risks, actively responding to the complex external environment and internal challenges. All employees of the Company worked together, upholding the philosophy of innovation-driven and steady development, sticking to the core business of civil explosives, and fully implementing the annual operating objectives.
(I) Key Financial Indicators: Unit: RMB
| 2025 | 2024 | Year-on-Year Change | |
|---|---|---|---|
| Operating Revenue (RMB) | 472,365,806.74 | 544,542,684.06 | -13.25% |
| Net Profit Attributable to Shareholders of Listed Company (RMB) | -1,093,412,146.78 | -69,820,819.42 | -1,466.03% |
| Net Profit Attributable to Shareholders of Listed Company, Net of Non-recurring Gains and Losses (RMB) | -1,114,114,695.40 | -66,407,374.96 | -1,577.70% |
| Net Cash Flow from Operating Activities (RMB) | 176,077,346.87 | 15,314,515.08 | 1,049.74% |
| Basic Earnings Per Share (RMB/share) | -2.77 | -0.18 | -1,438.89% |
| Diluted Earnings Per Share (RMB/share) | -2.77 | -0.18 | -1,438.89% |
| Weighted Average Return on Equity | -74.55% | -3.36% | -71.19% |