Suzhou Victory Precision Manufacturing Technology Co., Ltd. 2025 Board of Directors Work Report
In 2025, the Board of Directors of Suzhou Victory Precision Manufacturing Technology Co., Ltd. (hereinafter referred to as the "Company") strictly followed the "Company Law," "Securities Law," and other laws and regulations, as well as the "Shenzhen Stock Exchange Stock Listing Rules," "Articles of Association," and other relevant systems. The Board diligently performed its duties, fully leveraged the role of independent directors, implemented the resolutions of the Shareholders' Meeting, promptly fulfilled information disclosure obligations, improved the corporate governance operating mechanism, and continuously enhanced the efficiency of board operations and decision-making. All directors of the Company were able to faithfully, honestly, and diligently perform their duties in accordance with the rights and obligations granted by laws, regulations, and the "Articles of Association," effectively safeguarding the interests of the Company and all shareholders. The Company's Board of Directors' work in 2025 is hereby reported as follows:
I. Industry Overview
According to data released by IDC, global personal computer (PC) shipments reached 273 million units in 2025, a 3.9% increase compared to 2024. Canalys analysts stated that 2025 is a year of resonance between AI enablement and replacement demand. The personal computer market achieved steady growth, with shipments steadily recovering throughout the year, driven by the update cycle following the discontinuation of Windows 10 support. AIPC (defined as desktops and laptops equipped with dedicated chips or modules for AI workloads, such as NPUs) accounted for 34% of total PC shipments in 2025, a significant increase from the previous year. Furthermore, Canalys analysts predict that as the on-device AI ecosystem continues to improve and the hardware and content ecosystems mature, AIPC market penetration will continue to rise rapidly, and the PC market is expected to maintain growth momentum in 2026. However, increasing global geopolitical and trade uncertainties may still bring certain uncertainties and challenges to the pace of global PC market recovery and the adoption of system upgrades.
According to data from research firm EV Tank, global new energy vehicle (NEV) sales reached 22.397 million units in 2025, a year-on-year increase of 22.8%. Looking ahead, EV Tank expects global NEV sales to reach 44.05 million units by 2030, with continued deepening of market penetration and electrification transformation. According to a report released by the China Association of Automobile Manufacturers (CAAM), China's automobile production and sales in 2025 exceeded 34 million units, achieving steady year-on-year growth, and maintaining its global leadership in production and sales volume for many consecutive years. NEVs continued their high growth trend, with production and sales reaching 16.626 million and 16.490 million units respectively in 2025, representing year-on-year increases of 29.0% and 28.2%, setting new records for production and sales. The proportion of new energy vehicles in total new car sales reached 47.9%, an increase of 7 percentage points from 2024. The proportion of new energy vehicles in the domestic market exceeded 50%, indicating continuous optimization of the industrial structure. Concurrently, CAAM anticipates that with the implementation of policies related to new energy and intelligent connected vehicles, accelerated technological innovation, and sustained consumption upgrades, the market potential of the automotive industry will be further unleashed, and the automotive market is expected to maintain a stable and upward trend with structural upgrades in 2026.