2025 Annual General Manager's Work Report
In 2025, the company management, under the leadership of the board of directors, strictly adhered to the requirements of the Company Law, Securities Law, and the Articles of Association, faithfully and diligently fulfilling their responsibilities. They implemented the resolutions of the shareholders' meeting and the board of directors, successfully completing various tasks for the year. On behalf of the management team, I hereby report to the board of directors on the work situation for 2025 as follows:
1. 2025 Company Operating Conditions
In 2025, the company achieved an annual operating revenue of 1,711.5177 million yuan, a 22.10% increase compared to the same period last year; the net profit attributable to shareholders of the listed company was 234.7226 million yuan, a 33.65% increase year-on-year. The total assets at the end of the reporting period amounted to 2,860.4362 million yuan, a 14.86% increase from the end of the previous year; the equity attributable to shareholders of the listed company was 2,169.1726 million yuan, up 7.95% from the end of the previous year.
In 2025, the rapid iteration of artificial intelligence technology drove significant changes in the IoT industry, with smart transportation and smart travel sectors experiencing a wave of intelligent upgrades, while industries such as smart sleep also achieved rapid development. As a leading enterprise specializing in IoT intelligent products, the company has solidly promoted its "going global" strategy, achieving significant results in expanding overseas markets, with a steady and robust growth in the number of overseas customers and revenue during the reporting period. Additionally, relying on an integrated business ecosystem of "module base + cloud services + AI-driven + smart terminals," the company has continued to consolidate its market advantage in the smart transportation sector, firmly implementing a product diversification strategy, with steady revenue growth across key product lines such as smart vehicle terminals, smart travel components, and smart sleep terminals, further enhancing overall operational quality and efficiency.
2. Review of Key Work in 2025
(1) Strengthening Market Development and Continuing to Promote Product "Going Global"
2025 was a critical year for the company to further advance its globalization strategy. As the core engine for future performance growth, the "going global" strategy made steady progress over the past year. The company seized international market opportunities, steadily expanding its global business layout, with overseas operating revenue reaching 422.5358 million yuan, a significant increase of 29.10% compared to the same period in 2024. In the smart vehicle terminal sector, the company has continuously expanded into emerging markets in Africa, Southeast Asia, and South America through industry customer collaborations and various channels such as professional exhibitions, while gradually entering developed markets in Europe and America, achieving simultaneous growth in customer numbers and revenue. At the same time, based on consolidating the aftermarket, the company has successfully entered the qualified supplier system of a certain overseas automotive brand and achieved small batch supply, marking an important breakthrough in the vehicle front-end sector. In the smart sleep sector, the company has continuously enriched its product line around customer needs, and with the expansion of customer sales regions, this business has achieved steady revenue growth. Furthermore, the company has continued to promote its product diversification strategy, introducing various IoT intelligent terminals, including smart travel components and smart payment hardware, to overseas markets, with related overseas revenue steadily increasing in 2025, laying a solid foundation for the company's long-term development.