2025 Annual Report
First Section Important Statement, Table of Contents and Explanation
The company's board of directors and senior management ensure the truthfulness, accuracy, and completeness of the annual report, with no false records or misleading statements, and bear legal responsibilities.
The person in charge of the company is Lan Jinxiao, the main accountant is Huang Li, and the person responsible for establishing the accounting organization is [blank]. The board of directors has reviewed the report.
This report outlines the company's strategic planning, development risks, and other issues related to investment and the actual quality of the company. Investors and related parties should recognize these risks and understand the differences between expectations and commitments.
The company’s construction and decoration business faces risks related to market fluctuations, and the company is also subject to seasonal business risks. Efforts should be made to manage raw material costs and other economic risks, and investors should pay attention to investment risks. Specific content is detailed in the third section "Management Discussion and Analysis."
The company’s economic board will review the profit distribution proposal; based on 131,390,000 shares as the base number, a cash dividend of 2.0 yuan (including tax) will be distributed, and 10 shares will be converted into 4 shares for every 10 shares held.
Table of Contents
- Important Statement, Table of Contents and Explanation .................................................. 2
- Company Profile and Main Business Indicators ........................................................... 6
- Management Discussion and Analysis ................................................................... 10
- Company Governance, Environment and Society .................................................... 34
- Key Matters ............................................................................................................. 49
- Share Changes and Stock Conditions .................................................................. 57
- Securities Related Conditions .............................................................................. 63
- Financial Report ..................................................................................................... 64