2025 Annual Board of Directors Work Report
In 2025, the Board of Directors of Suzhou Xianglou New Materials Co., Ltd. strictly adhered to the Company Law, Securities Law, Shenzhen Stock Exchange GEM Listing Rules, and relevant legal regulations, normative documents, and company systems. The board diligently fulfilled its responsibilities entrusted by the shareholders' meeting, actively promoting the company's sustainable and stable development. The following is a report on the board's work in 2025:
1. Company Operating Conditions in 2025
In 2025, the company focused on its annual operational goals and actively responded to market changes, maintaining a steady growth trend in overall performance.
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Financial Performance: During the reporting period, the company achieved operating revenue of 151,125.35 thousand yuan, a year-on-year increase of 1.74%; net profit attributable to shareholders of the listed company was 20,821.89 thousand yuan, a year-on-year increase of 0.62%. The company's total assets reached 226,189.40 thousand yuan, an increase of 14.44% compared to the end of the previous year.
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Business Development: The company's precision stamping new materials business continued to expand, with the Anhui production base commencing operations at the end of April. Although it is in the capacity ramp-up phase, it lays a solid foundation for the company's future development. The application of the company's products in automotive safety systems and seating systems has deepened, and it has actively expanded into new fields such as new energy vehicles and robotics.
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Research and Innovation: The company has continuously increased its R&D investment, focusing on developing lightweight, high-performance precision stamping materials to meet the higher performance requirements of downstream customers. The construction project of the R&D center has been completed and put into use, enhancing the company's R&D conditions.
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Risk Management: In the face of external challenges such as fluctuations in raw material prices and intensified market competition, the company has effectively ensured stable operational efficiency through measures such as optimizing procurement strategies, strengthening cost control, and enhancing accounts receivable management.
2. Main Work of the Board of Directors in 2025
(1) Board Meeting Convening
In 2025, the board held a total of 8 meetings, reviewing and approving 54 proposals. The convening and procedures of the meetings complied with legal requirements, and all directors diligently fulfilled their responsibilities, thoroughly discussing and making prudent decisions on various proposals, effectively ensuring scientific decision-making and standardized operations for significant company matters.