1. Overall Business Overview for 2025
During the reporting period, the company achieved operating revenue of 205,908.8 thousand yuan, a year-on-year increase of 18.69%; total profit was 10,387.85 thousand yuan, a year-on-year decrease of 78.26%; net profit attributable to shareholders of the listed company was 11,269.83 thousand yuan, a year-on-year decrease of 71.61%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was -775.75 thousand yuan, a year-on-year decrease of 102.57%. For detailed operational conditions, please refer to Section 3 "Management Discussion and Analysis" of the 2025 Annual Report.
2. Board's Legal Responsibilities
In 2025, the board of directors adhered to scientific decision-making, standardized operations, and efficient execution, fulfilling its responsibilities around the company's development strategy and annual business plan, with all work proceeding in an orderly manner and achieving significant results.
(1) Standardized Board Meetings
The board strictly regulated the convening, holding, and voting processes of meetings to ensure that decision-making procedures were legal and compliant, and content was scientifically prudent. In 2025, the board held a total of 10 meetings, reviewing and approving 66 proposals covering key operational matters such as business plans, financial budgets, project investments, organizational structure adjustments, governance system revisions, executive appointments, and related party transactions. All meeting resolutions were effectively executed, providing timely and strong decision support for the company's management and strategic implementation. The board consists of 11 members, including 4 independent directors (Mr. Li Changqing officially assumed office on December 12, 2025). Independent directors Mr. Zhang Weidong, Mr. Zhao Li, and Mr. Huang Huasheng participated in all board meetings and raised no objections to the proposals submitted for review, fully exercising their professional supervisory and decision-support roles.
(2) Strict Execution of Shareholder Meeting Resolutions
The board consistently regarded the execution of shareholder meeting resolutions as a core responsibility, strictly conducting work according to shareholder meeting authorizations and efficiently advancing the implementation of resolutions. In 2025, the board proposed to hold 1 annual shareholder meeting and 3 interim shareholder meetings, submitting and passing a total of 17 proposals covering significant matters such as profit distribution, director supplements, amendments to the articles of association, governance system improvements, and confirmation of related party transaction limits. The board regularly tracked and supervised the execution progress of all resolutions passed by the shareholder meeting to ensure comprehensive and effective implementation, thereby maintaining the authority of the shareholder meeting's decisions.
(3) Independent Directors' Diligent Performance
During the reporting period, independent directors Mr. Zhang Weidong, Mr. Zhao Li, and Mr. Huang Huasheng strictly adhered to laws, regulations, the articles of association, and the independent director work system, diligently fulfilling their responsibilities and effectively safeguarding the legal rights of the company and all shareholders, especially minority shareholders. All three independent directors attended all 10 board meetings throughout the year, actively participating in discussions and decision-making on significant matters, providing independent opinions in accordance with laws and regulations; they attended all specialized committee meetings on time and participated in 4 shareholder meetings, conducting in-depth research on the company's management, internal control construction, and project advancement, providing professional and pragmatic guidance for core work such as plasma station operations, R&D innovation, marketing system restructuring, and post-investment integration, effectively enhancing the scientific and rational nature of board decisions.