2025 Annual Board of Directors Work Report
In 2025, the Board of Directors of Nanjing Wavelength Optoelectronics Technology Co., Ltd. (hereinafter referred to as "the Company") 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, the Shenzhen Stock Exchange GEM Listing Rules, and the Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Standardized Operation of GEM Listed Companies, as well as relevant regulations in the Articles of Association of Nanjing Wavelength Optoelectronics Technology Co., Ltd. (hereinafter referred to as "the Articles of Association"). The board diligently fulfilled its obligations and exercised its powers, strictly implementing the resolutions of the shareholders' meeting, actively carrying out various board activities, continuously improving corporate governance and standardized operations, and steadily promoting the development of the company's various businesses. The main work report of the Board of Directors for 2025 is as follows:
1. 2025 Operating Conditions
Under the leadership of the Board of Directors, and through the unremitting efforts of the management team and all employees, the company's operations in 2025 were stable and orderly. In 2025, the company achieved a total operating revenue of 465 million yuan, an increase of 11.71% compared to the same period last year. Among this, domestic business generated operating revenue of 370 million yuan, a year-on-year increase of 28.19%. Revenue in the laser optics sector was 284 million yuan, up 5.92%, while the infrared optics sector generated 143 million yuan, a 38.02% increase. The consumer optics sector achieved revenue of 20.18 million yuan, a significant increase of 71.99%. The net profit attributable to the parent company for the year was 35.49 million yuan, a decrease of 3.97% year-on-year. Despite the increase in operating revenue, the decline in net profit was mainly due to increased personnel wages, asset depreciation and amortization, consulting service fees, and expenses for promoting new business products, as well as a decrease in cash management income from self-owned and raised funds compared to the previous period, resulting in an increase of 19.80 million yuan in management, sales, and financial expenses (including investment income). The company's products are characterized by high customization and a wide variety. To meet customer demands and facilitate production, the company regularly maintains production inventory and, based on the principle of prudence, makes provisions for inventory impairment. This period, inventory was impaired by 7.72 million yuan based on its net realizable value being lower than its book value.
2. 2025 Board of Directors Work Situation
(1) Board Meetings
In 2025, the Board of Directors operated in strict accordance with relevant laws, regulations, and the Articles of Association, convening a total of 7 board meetings. The procedures for convening and holding meetings, the qualifications of attendees, voting procedures, voting results, and resolutions were all in compliance with legal regulations and the Articles of Association. The main contents of the board meetings and deliberations are as follows: