I. Important Notice
This annual report summary is derived from the full annual report. To fully understand the company's operating results, financial position, and future development plans, investors should carefully read the full annual report in the media designated by the China Securities Regulatory Commission.
All directors attended the board meeting to review this report.
Non-standard Audit Opinion Notice □ Applicable Not Applicable
Board of Directors' Review of the Profit Distribution Plan or Capital Reserve to Share Capital Conversion Plan for the Reporting Period ☑ Applicable Not Applicable
Whether to convert capital reserve to share capital □ Applicable ☑ Not Applicable
The profit distribution plan reviewed and approved by the Board of Directors for this period is: based on 3,402,625,916 shares, a cash dividend of 0 yuan (tax inclusive) per 10 shares will be distributed to all shareholders, with 0 bonus shares (tax inclusive) to be issued, and no conversion of capital reserve to share capital.
Board of Directors' Resolution on the Profit Distribution Plan for Preferred Shares in the Reporting Period □ Applicable Not Applicable
As of the end of the reporting period, the parent company has accumulated losses. Audited by Dahua Certified Public Accountants (Special General Partnership), as of December 31, 2025, the undistributed profit in the company's parent company financial statements was -2,725,416,247.20 yuan, indicating accumulated losses. Given that the parent company's undistributed profit for 2025 is negative, the conditions for cash dividends are not met. To ensure the company's sustainable, stable, and healthy development, the company does not plan to distribute cash dividends, issue bonus shares, or convert capital reserve to share capital in 2025.
II. Basic Company Information
1. Company Profile
| Stock Abbreviation | Victory Precision | Stock Code | 002426 |
|---|---|---|---|
| Stock Exchange | Shenzhen Stock Exchange |
| Contact Person and Contact Information | | :------------------------------------- | :--------------------------------------------------------------------- | | Name | Position | Representative | | Office Address | Secretary of the Board | Securities Affairs Representative | | | Jiangsu Province, Suzhou City, High-tech Zone, Hukuan Industrial Park, Hujing Road No. 55 | Li Yunhuan | | | Jiangsu Province, Suzhou City, High-tech Zone, Hukuan Industrial Park, Hujing Road No. 55 | | Fax | 0512-69207112 | 0512-69207112 |
| Telephone | 0512-69207200 | 0512-69207028 |
|---|---|---|
| Ye. Cheng@vicsz.com | Rachel. Li@vicsz.com |
2. Profile of the Company's Main Business or Products
(1) Business Overview
During the reporting period, the company's main businesses were consumer electronics products and automotive components.
1. Consumer Electronics Products
The company's main products include precision metal structural parts and structural modules, as well as plastic structural parts and structural modules, which are widely used in 3C consumer electronic products such as laptops, televisions, and smartphones. The company's consumer electronics production bases cover nearly a thousand mu, mainly located in Suzhou, Jiangsu, and Shucheng, Anhui. The overall recovery pace of the consumer electronics industry is currently slow, and market competition is intensifying. The company will actively respond to changes in the industry environment, strive to consolidate its existing market position, and steadily promote the sustained and stable development of its consumer electronics business. On this basis, it will continue to promote new product research and development and new business expansion, and cultivate new business growth points. During the reporting period, the consumer electronics business achieved operating income of 2.382 billion yuan, a year-on-year increase of 0.96%. The gross profit margin of consumer electronics products was 14.16%, which was basically the same as the previous year.