2025 Annual Board of Directors Work Report
In 2025, AVIC High-Temperature Alloy Materials 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, and other relevant laws, regulations, and normative documents, as well as the provisions of the Articles of Association. The Board faithfully fulfilled the responsibilities entrusted by the shareholders' meeting, fully implemented the resolutions of the shareholders' meeting, continuously improved the corporate governance system, and enhanced the level of standardized operations. All directors diligently performed their duties, effectively safeguarding the legitimate rights and interests of the Company and all shareholders, and ensuring the stable and orderly production and operation of the Company for high-quality and sustainable development. The following is the report on the work of the Board of Directors for 2025:
1. 2025 Operating Performance
In 2025, the Company achieved an annual operating revenue of 240,744.48 thousand yuan, a year-on-year decrease of 4.03%; net profit was 10,051.51 thousand yuan, a year-on-year decrease of 37.80%.
2. Meetings of the Board of Directors and Shareholders
In 2025, the Company held 2 shareholders' meetings and 5 board meetings. The procedures for convening and holding these meetings, the qualifications of attendees, the qualifications of conveners, and the voting procedures all complied with relevant laws, regulations, and the Articles of Association. In accordance with the Company Law and relevant regulatory requirements, the Articles of Association were amended, and one employee representative director was elected by the employee representative assembly. The Company established systems such as the "Market Value Management System" and the "Information Disclosure Temporary Suspension and Exemption Management System," while also completing revisions of core governance systems including the Articles of Association, Board Meeting Rules, Shareholders Meeting Rules, and Fundraising Management System. The Company strictly fulfilled its information disclosure obligations in a timely manner, and the Board of Directors rigorously executed all resolutions and authorizations from the shareholders' meeting, fully leveraging the functions of the Board. All members of the Board diligently performed their duties, reviewing various agenda items in accordance with the Company Law and Articles of Association, with a prudent and responsible attitude to ensure the stable operation of the Company's production and business.