2025 Annual Board of Directors Work Report
In 2025, Zhejiang Taotao Vehicle Co., Ltd. (hereinafter referred to as "the Company") Board of Directors strictly adhered to the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Shenzhen Stock Exchange GEM Listing Rules," the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operations of GEM Listed Companies," and the "Articles of Association of Zhejiang Taotao Vehicle Co., Ltd." (hereinafter referred to as "the Articles of Association"). In the spirit of being responsible to the Company and all shareholders, the Board diligently fulfilled its duties and obligations, effectively executed the resolutions of the shareholders' meeting, and ensured the Company's standardized operations. The main work report of the Board of Directors for 2025 is as follows:
1. 2025 Operating Conditions
In 2025, the Company maintained strategic stability in a complex and changing global market, achieving steady growth in its core business, with the leading position of high-value product lines such as electric low-speed vehicles further consolidated. While continuously strengthening the competitiveness of its main business, the Company actively seized technological transformation trends and cultivated growth momentum for future development. In 2025, the Company's operating revenue was 394,143.04 thousand yuan, an increase of 96,480.16 thousand yuan from the previous year, representing a growth rate of 32.41%; the net profit attributable to the parent company was 81,632.25 thousand yuan, an increase of 38,505.92 thousand yuan from the previous year, representing a growth rate of 89.29%; the net cash flow from operating activities was 75,382.24 thousand yuan, an increase of 54,132.36 thousand yuan from the previous year, representing a growth rate of 254.74%. As of December 31, 2025, the Company's total assets were 590,623.72 thousand yuan, and net assets were 362,057.86 thousand yuan.
2. 2025 Board of Directors Work Implementation
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Board Meeting Attendance
In 2025, the Company held 8 Board meetings. The convening and holding procedures, qualifications of attendees, voting procedures, voting results, and content of votes all complied with relevant laws, regulations, and the Articles of Association. The specific details are as follows: