2025 Annual Board Work Report of Suzhou Shiming Technology Co., Ltd.
In 2025, the board of directors of Suzhou Shiming Technology Co., Ltd. (hereinafter referred to as "the Company") strictly adhered to the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Shenzhen Stock Exchange GEM Listing Rules," as well as the "Articles of Association," and "Board Meeting Rules." The board maintained a core attitude of high responsibility towards all shareholders and the Company's development, lawfully, normatively, and efficiently performing its duties, and solidly carrying out various operational management tasks. The board earnestly implemented the resolutions passed by the shareholders' meeting, effectively supervised the performance of senior management, prudently reviewed major business decisions, and safeguarded the legitimate rights and interests of all shareholders, promoting the Company's continuous, stable, and high-quality development. The main work report of the board of directors for 2025 is as follows:
1. 2025 Company Operating Situation
During the reporting period, the Company's total operating revenue was ¥718,481,968.36, an increase of 3.04% year-on-year; the net profit attributable to shareholders of the listed company was ¥20,411,010.39, a decrease of 9.77%. The performance changes were mainly influenced by the following factors:
- During the reporting period, the overall competitive landscape in the industry intensified, and the operating environment faced temporary pressure. To stabilize market share, the Company actively participated in market competition through strategic price adjustments, which had a certain impact on net profit. At the same time, the Liaoning base project was basically completed in 2025, resulting in phase-related cost expenditures. This base primarily produces electronic chemicals, and due to long certification cycles from downstream customers, revenue has not yet reached a profitable scale, affecting the Company's profit level in the short term.
- As 2025 marks the concluding year of the "14th Five-Year Plan," the Company deeply aligns with national strategic guidance, continuously promotes industrial structure optimization and upgrading, and drives technological innovation, establishing a collaborative innovation system of "Central Research Institute + Specialized Research Institutes." The focus is on cultivating strategic emerging industries such as electronic nanomaterials, electronic chemicals (including photoresist pigment dispersions, electronic-grade hydrocarbon resins), and ESG green circular economy pilot projects. During the reporting period, the Group, centered around the Central Research Institute, optimized talent structure, strengthened platform construction, and expanded R&D fields, introducing over ninety various professionals and building high-level R&D platforms, leading to an increase in related operating expenses compared to the same period last year. In summary, the Company's current operations show a positive growth trend of "stable main business supporting the bottom line, new business breaking through," with short-term profit fluctuations mainly due to investments in new business cultivation, increased operating costs of the Central Research Institute, and temporary declines in gross profit margins of certain products. In the future, the Company will continue to promote the ramp-up of new business capacity, accelerate the industrialization of R&D results, and strive to create long-term stable returns for investors.
2. Board Daily Work Situation
(1) Board Meeting Situation
During the reporting period, the board held a total of 6 meetings, reviewing 28 proposals, all of which were approved. The specific content of the proposals is shown in the table below: