Beijing Hiconics Energy Technology Co., Ltd. Board of Directors 2025 Annual Work Report
During the reporting period, the Board of Directors of Beijing Hiconics Energy Technology Co., Ltd. (hereinafter referred to as the "Company") strictly adhered to the relevant provisions and requirements of the "Company Law," "Securities Law," and other laws, regulations, normative documents, and the "Articles of Association." The Board diligently performed its duties and responsibilities as entrusted by the shareholders' meeting, actively promoted the implementation of various board resolutions, and ensured the Company's standardized operation, sustained healthy and stable development, and effectively protected the interests of the Company and all shareholders. The work situation for the year is hereby reported as follows:
I. Company's Operational Performance in 2025
In 2025, benefiting from the continuous empowerment of national new energy industry policies and the acceleration of the global energy transition, the industry as a whole has rapidly moved towards a new stage of full-chain synergy and high-quality development, with emerging opportunities in segmented areas such as photovoltaic, energy storage, and high-end variable frequency drives. As the core carrier of Midea Group's energy sector, the Company has deeply implemented the Group's new energy strategy, focusing on three core business areas: green energy solutions, household energy storage, and photovoltaic grid-connected inverters, and high-voltage variable frequency drives. Through continuous technological iteration, ecosystem building, and global layout, the Company has achieved a simultaneous breakthrough in strategic transformation and operational performance. During the reporting period, the Company achieved an operating revenue of 7.449 billion yuan, a year-on-year increase of 55.95%; realized a net profit attributable to shareholders of the listed company of 62.012 million yuan, a year-on-year increase of 502.28%; and achieved a net cash flow from operating activities of 248 million yuan.
II. Board of Directors' Daily Work in 2025
(I) Convening of Board Meetings
During the reporting period, the Company held eleven board meetings. The convening and voting procedures of these meetings complied with the provisions of the "Company Law," "Articles of Association," and other laws, regulations, and normative documents. All directors personally attended each meeting and thoroughly deliberated on all proposals submitted to the Board. The specific situation is as follows: