Jiangsu Shengtong Valve Co., Ltd. 2026 Financial Budget Report
Jiangsu Shengtong Valve Co., Ltd. (hereinafter referred to as the "Company") has compiled the 2026 financial budget based on the previous year's operating results, considering future market competition and business expansion plans. The budget is grounded in the Company's asset base, operational capabilities, and cost considerations, taking into account industry competition and development prospects. It is prepared on the basis of the audited operating results for 2025, using the consolidated financial statements.
I. Budget Preparation Statement
This budget report is based on the audited 2025 annual financial report of Jiangsu Shengtong Valve Co., Ltd. by Tianzhi International Certified Public Accountants (Special General Partnership). Based on the principle of prudence, and considering future market competition and business expansion plans, the budget has been prepared in accordance with the requirements for consolidated financial statements, building upon the Company's budget. The Company adheres to the market positioning of "consolidating metallurgy, developing nuclear power, expanding petrochemicals, serving energy, based in China, going global, and high-end products serving high-end customers." It analyzes and forecasts the market, investment environment, industry conditions, and economic development prospects facing the Company. The accounting policies used in this budget report are consistent with the Company's actual related accounting policies in all important aspects. This budget report includes the parent company and its holding subsidiaries.