300274SZSE

2025 Annual Report

Sungrow Power Supply Co., Ltd.··230 pages

✨ AI Summary

The 2025 Annual Report of Sungrow Power Supply Co., Ltd. outlines the company's commitment to transparency and accuracy in financial reporting. Key figures include a revenue increase of 14.55% to approximately CNY 89.18 billion and a net profit rise of 21.97% to about CNY 13.46 billion. The report also details a proposed cash dividend distribution of CNY 6.9 per 10 shares, subject to shareholder approval.

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Important Notes, Directory, and Definitions

The Board of Directors and senior management of Sungrow Power Supply Co., Ltd. guarantee the authenticity, accuracy, and completeness of the annual report, ensuring there are no false records, misleading statements, or significant omissions, and they assume individual and joint legal responsibilities. The company’s responsible persons, including Cao Renxian, the head of accounting Tian Shuai, and accounting institution head Li Pan, declare that the financial reports in this annual report are true, accurate, and complete. All directors have attended the board meeting to review this report. Any content related to future plans or performance forecasts in this report does not constitute a commitment to any investors or related parties; investors should maintain adequate risk awareness and understand the differences between plans, forecasts, and commitments. The company has described potential risks and countermeasures in the section "Management Discussion and Analysis" under "11. Outlook for Future Development."

The profit distribution plan approved by the board of directors is as follows: Based on the capital stock of 2,052,823,261 shares after excluding the repurchased shares in the special securities account, a cash dividend of CNY 6.9 (including tax) will be distributed for every 10 shares, totaling CNY 1,416,448,050.09 (including tax). The company will not implement a capital reserve fund transfer to increase capital stock or issue bonus shares. This profit distribution plan is subject to approval by the shareholders' meeting.

Directory

  1. Important Notes, Directory, and Definitions ................................................................ 3
  2. Company Profile and Key Financial Indicators ............................................................ 8
  3. Management Discussion and Analysis ....................................................................... 12
  4. Corporate Governance, Environment, and Society ...................................................... 46
  5. Important Matters ....................................................................................................... 63
  6. Share Changes and Shareholder Information ................................................................ 95
  7. Bond-Related Information ......................................................................................... 101
  8. Financial Reports ....................................................................................................... 102

Documents for Inspection

  1. Financial statements signed and stamped by the company's legal representative, head of accounting, and head of the accounting institution.
  2. Original audit report stamped by the accounting firm and signed by the certified public accountants.
  3. Originals of all company documents publicly disclosed on the Giant Tide Information Network during the reporting period.
  4. Other relevant documents.

Definitions

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