Wuxi Xian Dao Intelligent Equipment Co., Ltd. (hereinafter referred to as "the Company" or "Xian Dao Intelligent") Board of Directors strictly adhered to the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, and other relevant laws and regulations, as well as the Articles of Association of Wuxi Xian Dao Intelligent Equipment Co., Ltd. and the Rules of Procedure for Board Meetings. With a responsible attitude towards all shareholders, the board continuously improved the corporate governance structure and internal control management systems, actively and effectively exercised its responsibilities, earnestly implemented the resolutions of the shareholders' meeting, diligently carried out various tasks, and promoted the sustainable, healthy, and stable development of the Company. The following is the report on the work of the Board of Directors for 2025:
1. Company Operating Conditions in 2025
In 2025, the Board of Directors strictly followed laws, regulations, and the rules of regulatory authorities, fulfilling its responsibilities diligently. The management team strictly adhered to the annual operating plan, actively implemented the board's strategic deployment, and carried out various operational management tasks. During the reporting period, the Company seized the opportunity of industry recovery, anchored the core goal of high-quality development, and advanced two major strategies of internationalization and platformization. The focus was on four core tasks: technological innovation, market expansion, operational efficiency, and green development. The Company strengthened its core barriers through technological innovation, deepened cooperation with customers in domestic and international markets, improved operational efficiency through digital transformation, and practiced social responsibility through green and low-carbon initiatives. The Company's annual operating performance and order scale rebounded and grew rapidly, with order delivery and project acceptance accelerating in sync, significantly enhancing overall profitability and further consolidating its leading position in the field of new energy intelligent equipment. The resilience and sustainable development capacity of the Company continued to strengthen.
In 2025, the Company achieved operating revenue of 14.443 billion yuan, a year-on-year increase of 21.83%; net profit attributable to shareholders of the listed company was 1.564 billion yuan, a year-on-year increase of 446.58%; operating cash flow was 4.957 billion yuan, a significant year-on-year increase of 416.33%, with cash flow collection significantly improved, and profitability quality and capital operation efficiency optimized simultaneously.
From a business perspective, the core business of lithium battery intelligent equipment recovered rapidly, achieving operating revenue of 9.471 billion yuan, a year-on-year increase of 23.18%, with the industry-leading advantage continuously enhanced. In the non-lithium business sector, the photovoltaic intelligent equipment business achieved operating revenue of 1.123 billion yuan, a year-on-year increase of 29.48%, with its revenue proportion rising to 7.77%;
The intelligent automotive production line achieved operating revenue of 900 million yuan, a year-on-year increase of 615.55%, demonstrating the gradual effectiveness of the Company's platformization strategy. Additionally, businesses in 3C, intelligent logistics, hydrogen energy, and others made positive progress in order acquisition and new product development. The Company's operation and maintenance services and other businesses continuously improved in revenue proportion and profitability. Meanwhile, the Company's overseas business continued to grow amid complex international situations, achieving operating revenue of 3.129 billion yuan, a year-on-year increase of 10.50%, with revenue proportion at 21.66% and gross profit margin rising to 40.75%. With the continuous deepening of the Company's overseas business, globalization has entered a high-quality advancement stage.
2. Daily Work of the Board of Directors
(1) Performance of the Board of Directors
In 2025, the Board of Directors held a total of 9 board meetings, with the convening and procedures of each meeting complying with relevant laws, regulations, and the Articles of Association. The meeting details are as follows: