2025 Annual Report
Section I: Important Notices, Table of Contents, and Definitions
The Board of Directors, the Board of Supervisors, and the directors, supervisors, and senior management of the company guarantee that the information in this annual report is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions, and they assume individual and joint legal liability.
Company head Li Maohong, person in charge of accounting Xu Lijun, and head of the accounting department (accounting supervisor) Zou Kanhua declare: Guarantee the truth, accuracy, and completeness of the financial report in this annual report.
All directors have attended the board meeting to review this report.
This report involves forward-looking statements such as future plans, which do not constitute substantive commitments by the company to investors. Investors and relevant parties should maintain sufficient risk awareness and understand the differences between plans, forecasts, and commitments.
The company has detailed the major risks it will face in the future in this report. For details, please refer to the relevant content in "Section III: Management Discussion and Analysis" under "XI. Prospects for the Company's Future Development" and "(III) Potential Risks". Investors are advised to pay attention to investment risks.
The profit distribution plan approved by the Board of Directors is: Based on the total share capital on the equity registration date when the 2025 annual equity distribution plan is implemented, a cash dividend of 6 RMB (tax included) will be distributed to all shareholders for every 10 shares, with 0 bonus shares (tax included), and no capital reserve will be converted into share capital.
Table of Contents
Section I: Important Notices, Table of Contents, and Definitions 2 Section II: Company Profile and Key Financial Indicators 6 Section III: Management Discussion and Analysis 9 Section IV: Corporate Governance, Environment, and Society 45 Section V: Important Matters 62 Section VI: Changes in Shares and Shareholders 70 Section VII: Bond-Related Information 75 Section VIII: Financial Report 79
List of Documents for Inspection
- Financial statements signed and sealed by the company's legal representative, the person in charge of accounting, and the head of the accounting department.
- The original audit report signed and sealed by the accounting firm and certified public accountants.
- The originals of all company documents and announcements publicly disclosed on the website designated by the CSRC during the reporting period.