2025 Annual Report
First Section Important Reminder, Table of Contents
The company's board of directors and senior management ensure the truthfulness, accuracy, and completeness of the contents of the annual report, without any false representation or major omissions, and bear legal responsibilities for this.
The person in charge of the company, Zhang Jianhua, is responsible for the work of the financial department (the main responsible person) and confirms: ensuring the truthfulness, accuracy, and completeness of the financial report in this annual report.
All directors attended the board meeting to review this annual report.
The company's development may involve related risks. Please refer to Section 3 "Management Discussion and Analysis" of the "Company's Future Development Outlook" for details.
This report includes plans for the future and business forecasts, which do not constitute any commitments to investors. Investors and related parties should maintain reasonable risk awareness and should understand the differences between forecasts and commitments.
The company plans not to distribute dividends, not to issue shares, and not to increase capital.
Table of Contents
- Important Reminder, Table of Contents ............................................................................................ 2
- Company Introduction and Key Financial Indicators ...................................................................... 6
- Management Discussion and Analysis ............................................................................................ 11
- Corporate Governance, Environmental Responsibility .................................................................. 26
- Important Events ........................................................................................................................... 40
- Stock Ownership and Shareholding Situation .............................................................................. 64
- Directors and Structure ................................................................................................................ 65
- Financial Report ............................................................................................................................. 65