Jiangsu Yitong High-tech Co., Ltd.
(No. 28 Tonglin Road, Changshu City, Jiangsu Province)
2026 Semi-Annual Report
August 20, 2026
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 semi-annual report is true, accurate, and complete, and contains no false records, misleading statements, or major omissions, and they assume individual and joint legal liability.
The Company's person in charge, Huang Wang, the person in charge of accounting, Zha Qingwen, and the head of the accounting department (accounting supervisor), Zha Qingwen, declare: We guarantee the truth, accuracy, and completeness of the financial reports in this semi-annual report.
All directors have attended the Board meeting to review this semi-annual report.
Forward-looking statements in this report, such as future plans and development strategies, 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. Investors are advised to be aware of investment risks.
(I) Risk of Delisting
The Company's audited total profit, net profit, and net profit after deducting non-recurring gains and losses for the 2024 fiscal year were negative, and the operating income after deductions was less than 100 million yuan. According to Article 10.3.1 of the "Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange" (hereinafter referred to as the "Listing Rules"), the Company's stock trading was subject to a delisting risk warning after the disclosure of the 2024 annual report.
The Company disclosed its "2025 Annual Report" on April 24, 2026. In 2025, the Company achieved an operating income of 190.5801 million yuan, with an operating income after deductions of 167.5201 million yuan. As of the end of 2025, net assets were 457.8147 million yuan. The annual auditor, Zhonghua Certified Public Accountants (Special General Partnership), issued an unqualified audit report on the Company's 2025 financial statements and an unqualified audit report on the Company's 2025 internal control over financial reporting. The Company does not meet the criteria where "the lower of the total profit, net profit, and net profit after deducting non-recurring gains and losses after retrospective restatement is negative, and the operating income after deductions is less than 100 million yuan; or the net assets at the end of the period after retrospective restatement are negative."
The Company's 2025 annual report does not fall under any of the circumstances in Article 10.3.11, items 1 through 7 of the "Listing Rules." According to the relevant provisions of the "Listing Rules," the Company meets the conditions to apply for the withdrawal of the delisting risk warning on its stock trading. The Company has submitted an application to the Shenzhen Stock Exchange to withdraw the delisting risk warning triggered by financial indicators. As of the date of this report, the Company's application is under review by the Shenzhen Stock Exchange. Whether the application for the withdrawal of the delisting risk warning can be approved by the Shenzhen Stock Exchange remains uncertain. Investors are advised to be aware of investment risks.
(II) Risk of Continued Decline in Gross Margin of CATV Products
Equipment procurement in the radio and television industry is primarily conducted through centralized public bidding by provincial radio and television operators. The qualification requirements for equipment suppliers participating in bidding are relatively low. To secure new markets or larger market shares, participating suppliers often lower product prices, leading to particularly intense competition. During the reporting period, the procurement costs of some raw materials rose due to market price fluctuations and environmental protection requirements. If labor costs, product costs, and management costs continue to rise and cannot be effectively controlled in a timely manner, it may directly affect the Company's sales revenue and lead to a continued decline in the overall gross margin of its products.