300953SZSE

2025 Annual Board of Directors Work Report

Ningbo Zhenyu Technology Co., Ltd.·

✨ AI Summary

The report outlines the operational performance and strategic initiatives of Ningbo Zhenyu Technology Co., Ltd. for 2025. Key figures include a revenue increase of 36.58% to CNY 973.62 million and a net profit growth of 101.98% to CNY 51.29 million. The board approved a convertible bond issuance to enhance competitiveness and announced the establishment of a manufacturing base in Thailand. Additionally, governance improvements were made with the addition of independent and employee representative directors.

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AI Translation· azure_openai

2025 Annual Board of Directors Work Report

In 2025, Ningbo Zhenyu Technology Co., Ltd. (hereinafter referred to as "the Company") Board of Directors strictly adhered to the provisions of 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 Ningbo Zhenyu Technology Co., Ltd. (hereinafter referred to as "the Articles of Association"). The board actively and effectively exercised its powers, earnestly implemented the resolutions of the shareholders' meeting, continuously improved the corporate governance structure, enhanced operational standards, promoted the healthy development of the Company's various businesses, and safeguarded the legitimate rights and interests of the Company and its shareholders. The main work report of the Board of Directors for 2025 is as follows:

1. Company Operating Conditions in 2025

  1. Key Operating Indicators for 2025
    The Company focused on industry development trends, deepened its core business, strengthened forward-looking layouts, and increased R&D investment. With the joint efforts of the management and all employees, the Company has benefited from the positive impact of the continuously improving new energy industry. At the same time, the internal operational management level has further improved, leading to a rapid increase in operating performance. In 2025, the Company achieved operating revenue of CNY 973.62 million, a year-on-year increase of 36.58%; net profit attributable to shareholders of the parent company was CNY 51.29 million, a year-on-year increase of 101.98%; and basic earnings per share reached CNY 3.04, a year-on-year increase of 69.83%.

  2. Implementation of Convertible Bonds in 2025
    To further enhance the Company's overall strength and core competitiveness, the Board conducted an in-depth and comprehensive analysis of the financial situation and prudently assessed the necessity of financing. Upholding the principles of prudence and foresight, the Board selected and determined fundraising projects with clear market demand, good profitability prospects, technical feasibility, and the potential to effectively enhance the Company's core competitiveness or open new growth points. On December 23, 2025, the Board convened to review and approve the proposal for the issuance of convertible bonds to unspecified objects. This issuance is beneficial for enhancing the Company's profitability and overall competitiveness, optimizing the capital structure, and holds significant strategic importance for the Company's long-term sustainable development.

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