Shenzhen Hongfuhuan Technology Co., Ltd. 2025 Annual General Manager's Work Report
In 2025, under the leadership of the Board of Directors, the management team strictly adhered to the requirements of the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, and the Articles of Association of Shenzhen Hongfuhuan Technology Co., Ltd. The team diligently fulfilled its responsibilities, implemented the resolutions of the shareholders' meeting and the board of directors, and completed various tasks for the year. Herein, I report to the board on the relevant work summary for 2025 as follows:
I. Overall Business Performance in 2025
(1) Overall Operating Data
In 2025, the company achieved operating revenue of 911,214,168.99 yuan, a year-on-year increase of 11.28%. The net profit attributable to shareholders of the listed company was 101,464,023.08 yuan, a year-on-year decrease of 7.52%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 87,165,968.08 yuan, a year-on-year decrease of 8.95%. As of the end of 2025, the total assets of the company were 3,892,777,775.17 yuan, an increase of 45.79% compared to the same period last year. The net assets attributable to shareholders of the listed company were 1,951,832,571.30 yuan, an increase of 0.50% compared to the same period last year.
(2) Main Business
The company primarily engages in the research, design, production, and sales of four major categories of products: functional components for consumer electronics, automation equipment, thermal management products, and photovoltaic energy storage products. These products are widely used in various terminal products such as smartphones, tablets, laptops, and smart wearable devices, deeply integrating into the global consumer electronics supply chain. With high-quality product quality and strong technical capabilities, the company has established long-term stable partnerships with leading enterprises in the industry. In 2025, the global consumer electronics industry gradually recovered under the drive of AI technology, presenting new opportunities and challenges for development. The company achieved steady growth by leveraging the recovery trend in the industry, with specific descriptions of each main business as follows:
- Functional Components for Consumer Electronics
This business is the company's core main business, with annual operating revenue of 692,183,836.05 yuan in 2025, accounting for 75.96% of total revenue. It is the main support for the company's performance and provides stable profit contributions. The company has been deeply engaged in this field for many years and possesses four core technologies: "precision die-cutting + precision stamping + material compounding + automation integration," offering comprehensive services from process research and development to product design and manufacturing. The products mainly include adhesive, protective, insulating, and shielding functional components, widely used in core scenarios of terminal products such as laptops, smartphones, and tablets, meeting the core needs of terminal products in adhesion, surface protection, insulation, and electromagnetic shielding. The company has become a core upstream supplier for mainstream global consumer electronics brands, with direct clients including Foxconn Group, Lixun Precision Industry Co., Ltd., and Pegatron Corporation, serving end brands such as Apple, Microsoft, and Lenovo. With stable product quality and efficient response capabilities, the company occupies a competitive position in the industry.