Part One 2025 Financial Report
I. Audit of the Company's 2025 Financial Statements
The 2025 financial statements of Xuchang Far East Drive Shaft Co., Ltd. (hereinafter referred to as the "Company") have been audited by Dahua Certified Public Accountants (Special General Partnership), who issued a standard unqualified audit report with report number Dahua Audit [2026] 0011004115. The auditors' opinion is that the Company's financial statements are prepared in all material respects in accordance with the provisions of the Accounting Standards for Business Enterprises, and fairly reflect the consolidated and parent company's financial position as of December 31, 2025, and the consolidated and parent company's operating results and cash flows for the year 2025.
II. Changes in the Scope of the Company's 2025 Financial Statement Consolidation
During the reporting period, the Company established a wholly-owned subsidiary, Zhongyuan Power Technology Co., Ltd., in Hong Kong.
III. Company's Overall Operating Performance
During the reporting period, the Company achieved operating revenue of RMB 1,568.8958 billion, a year-on-year increase of 22.90%. Net profit attributable to shareholders of the listed company was RMB 156.2170 million, a year-on-year increase of 32.01%. Net profit attributable to shareholders of the listed company, excluding non-recurring items, increased by 55.13% compared to the same period last year.
(I) Key Financial Data:
| Item | Current Period Amount | Prior Period Amount | Year-on-Year Change (%) |
|---|---|---|---|
| Operating Revenue (RMB) | 1,568,895,822.93 | 1,276,539,760.76 | 22.90% |
| Net Profit Attributable to Shareholders of Listed Company (RMB) | 156,217,047.47 | 118,341,164.58 | 32.01% |
| Net Profit Attributable to Shareholders of Listed Company, Excluding Non-recurring Items (RMB) | 126,942,878.30 | 81,829,532.84 | 55.13% |
| Net Cash Flow from Operating Activities (RMB) | 82,860,111.00 | 108,316,168.82 | -23.50% |