2025 Annual Report of the Board of Directors
In 2025, Shijiazhuang Tonghe Electronic Technology Co., Ltd. (hereinafter referred to as the "Company") Board of Directors strictly followed the "Company Law," "Securities Law," "Corporate Governance Rules for Listed Companies," and other laws, regulations, and normative documents, as well as the "Articles of Association" and "Rules of Procedure for Board Meetings," actively implemented all resolutions passed by the shareholders' meeting, faithfully and diligently performed its duties, and did a great deal of fruitful work for the company's scientific decision-making and standardized operation. The report on the work of the Company's Board of Directors in 2025 is as follows:
I. Review of the Company's Operating Performance During the Reporting Period
During the reporting period, the company's management team actively practiced the mission requirement of "having aspirations, being able to create, and daring to take responsibility," mobilized all positive factors, seized industry development opportunities, and through technological innovation, process improvement, market development, and marketing promotion, achieved operating revenue of 155,715.51 million yuan, an increase of 28.78% year-on-year; achieved net profit attributable to shareholders of the listed company of 4,015.33 million yuan, an increase of 67.72% year-on-year; and achieved net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses of 3,424.09 million yuan, an increase of 79.80% year-on-year.
In 2025, the company's entrepreneurial team, guided by strategy and driven by mission, carried forward the spirit of re-entrepreneurship, adhered to a people-oriented approach, deeply understood the macro market and industry development trends, fully leveraged its strengths and potential, and centered on the company's strategic positioning, improved the comprehensive management level from R&D, production, sales to services, strengthened organizational capacity building, and effectively promoted the company's long-term, healthy, sustainable, and rapid development. Work was focused on the following aspects:
(I) Product Technology Upgrade, Market Development and Layout, Deepening Customer Cooperation
In the new energy sector, for charging modules, we continuously launched products and solutions that are more suitable for industry development, constantly optimized product layout, expanded power levels, and led the industry development with a dual-track approach of high cost-effectiveness and high performance, launching products and solutions that better meet market demand. For thermal management power supplies, single products have been expanded to integrated control products, focusing on electric heavy-duty truck scenarios, and leveraging our first-mover advantage to maintain a leading position in the industry. In terms of energy storage, by systematically deploying the track with core technology, we provide integrated solutions for the source, grid, load, and storage, addressing users' core pain points. In the smart grid sector, we took the lead in launching self-controllable distribution terminal power supply series products, contributing to the automated and safe construction of distribution networks. We launched the HVDC series products for data centers, which, with their excellent performance, contribute to the efficient operation of data centers. In the aerospace sector, under clear strategic guidance, we have continuously strengthened R&D and marketing investment, striving to seize market opportunities brought by increased industry demand and achieve a significant increase in operating revenue.
(II) Accelerated Intelligent Manufacturing, Lean Management Across the Chain, Promoting Industrial Upgrading
Driven by the dual engines of "accelerated intelligent manufacturing" and "lean management across the chain," we have systematically achieved automated production capacity leaps and optimized both quality and cost, building new quality productive forces in terms of per capita efficiency improvement, delivery cycle compression, and process reliability enhancement.
(III) Adhering to Innovation and Entrepreneurship, Renewing Strategic Vision, Accumulating Strength for Long-Term Development