2025 Board of Directors Work Report
In 2025, Nanjing KeYuan Smart Energy Group Co., Ltd. (hereinafter referred to as the "Company") Board of Directors strictly followed the "Company Law," "Securities Law," "Articles of Association," and "Board of Directors Meeting Rules" and other laws, regulations, and normative documents. With a sense of responsibility to all shareholders, the Board diligently and actively exercised its authority, conscientiously implemented all resolutions of the Shareholders' Meeting, and diligently carried out all work of the Company's Board of Directors, ensuring the Company's sound operation and sustainable development. The main work points and situation of the Company's Board of Directors in 2025 are reported as follows:
I. Discussion and Analysis of Operating Conditions
In 2025, facing a complex external macroeconomic environment and industrial structure adjustment pressure, the Company's management adhered to a prudent operating philosophy, focusing on the main businesses of "Industrial Automation" and "Industrial Artificial Intelligence," and optimizing internal resource allocation. Guided by the national policy of equipment renewal and independent controllability, the Company's main business demonstrated strong operational resilience. During the reporting period, the Company achieved a total operating revenue of 1.867 billion yuan in its consolidated financial statements, a year-on-year increase of 10.97%, and a net profit attributable to shareholders of the listed company of 139 million yuan. The fluctuation in the reported net profit was mainly due to the disposal of non-core assets such as biomass energy and impairment provisions. Entering 2025, considering the macroeconomic changes and the sustainability of the profit model, the management, based on the principle of prudence, decided to make impairment provisions for related biomass energy projects to optimize the asset structure.