2025 Annual Report of the Board of Directors
In 2025, the Board of Directors of Zhejiang Wansheng Intelligent Technology Co., Ltd. (hereinafter referred to as the "Company"), in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Securities Law of the People's Republic of China" (hereinafter referred to as the "Securities Law"), the "Shenzhen Stock Exchange GEM Stock Listing Rules (2025 Revision)" (hereinafter referred to as the "GEM Stock Listing Rules"), and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Standardized Operation of GEM Listed Companies" (hereinafter referred to as the "GEM Listed Company Standardized Operation"), and other relevant laws, regulations, normative documents, and the "Articles of Association" and "Rules of Procedure for Board Meetings," has, with a sense of responsibility to all shareholders, diligently and effectively exercised its powers, conscientiously implemented all resolutions of the shareholders' meeting, and diligently carried out all work of the Board of Directors, ensuring the Company's sound operation and sustainable development. The work of the Board of Directors in 2025 is hereby reported as follows:
I. Company's Operational Situation in 2025
2025 is the final year of the "14th Five-Year Plan" and a crucial year for planning the "15th Five-Year Plan." Facing external challenges such as weak global economic recovery and manufacturing cost pressures, the Company's Board of Directors has consistently maintained strategic focus, closely centering on the national energy structure optimization and the construction of a new type of power system, and coordinating various operational decisions. During the reporting period, the Board of Directors actively led the Company's transformation and upgrading from "manufacturing" to "intelligent manufacturing," empowering production management and product iteration through increased R&D investment and process innovation. Under the leadership of the Board of Directors, the management has further consolidated the main business, optimized the industrial layout, and continuously implemented lean management and cost reduction and efficiency improvement measures.
During the reporting period, the Company achieved an operating revenue of 1,401.92 million yuan, a year-on-year increase of 49.56%; operating profit of 150.4029 million yuan, a year-on-year increase of 12.92%; and net profit attributable to shareholders of the listed company of 122.3712 million yuan, a year-on-year increase of 2.90%. The overall development trend remained stable and positive.
II. Work of the Board of Directors in 2025
The Company's Board of Directors has strictly followed the relevant provisions of laws and regulations, normative documents, and the "Articles of Association," such as the "Company Law," "Securities Law," and "GEM Stock Listing Rules," conscientiously performed the duties entrusted by the shareholders' meeting, diligently carried out various tasks, continuously strengthened internal control management, improved the governance structure, enhanced the Company's standardized operation level, and effectively protected the Company's interests and the legitimate rights and interests of all shareholders.
1. Operation of the Board of Directors
The Board of Directors consists of 9 directors, including 3 independent directors, accounting for one-third of the total number of directors. The Board has established four special committees: the Nomination Committee, the Remuneration and Appraisal Committee, the Audit Committee, and the Strategy Committee. Each committee exercises its functions in accordance with its rules of procedure, improving the Company's corporate governance level and continuously enhancing its standardized operation capabilities.
In 2025, the Company's Board of Directors held 8 meetings. The convening procedures, voting methods, and resolution content of these meetings complied with the relevant provisions of the "Company Law," "Articles of Association," and "Rules of Procedure for Board Meetings," and the meetings were legal and valid. The specific sessions and matters reviewed are as follows: