江河创建集团股份有限公司 2025 年年度报告 公司代码：601886 公司简称：江河集团 江河创建集团股份有限公司 2025 年年度报告 1 / 242 江河创建集团股份有限公司 2025 年年度报告 重要提示 一、本公司董事会及董事、高级管理人员保证年度报告内容的真实性、准确性、完整性，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、未出席董事情况 | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | --- | --- | --- | --- | | 独立董事 | 陈刚 | 被公安机关采取刑事强制措施，无法履职 | 无 | 三、容诚会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、公司负责人刘载望、主管会计工作负责人赵世东及会计机构负责人（会计主管人员）赵世东 声明：保证年度报告中财务报告的真实、准确、完整。 五、董事会决议通过的本报告期利润分配预案或公积金转增股本预案 2025年度利润分配预案为：以公司总股本1,133,002,060股为基数，按每10股派发现金红利 3.50元（含税）, 将共计派发现金红利396, ...

Financial Performance - The total operating revenue for 2025 was CNY 163,856.85 million, a decrease of 19.98% compared to the previous year[4] - The operating profit improved to CNY -36,549.50 million, an increase of 52.04% year-over-year[5] - The total profit amounted to CNY -36,146.35 million, reflecting a growth of 53.01% compared to the last year[5] - The net profit attributable to shareholders was CNY -34,812.46 million, showing a 52.73% improvement year-over-year[5] - The basic earnings per share were CNY -0.44, an improvement of 54.17% compared to the previous year[4] Cash Flow and Assets - The net cash flow from operating activities was approximately CNY 390 million for the year[5] - Total assets at the end of the reporting period were CNY 667,198.02 million, down 12.64% from the beginning of the period[4] - The equity attributable to shareholders decreased to CNY 265,852.38 million, a decline of 4.12%[4] - The company reported a cash balance of approximately CNY 736 million at the end of the reporting period[5] Business Expansion - The company is actively expanding into green energy businesses such as biogas and biofuel oil, with projects in various stages of development[5]

Financial Performance - The company expects a net profit of between 4,000,000 to 6,000,000 CNY for Q1 2026, marking a turnaround from a loss of 54,720,000 CNY in the same period last year [4]. - The net profit after deducting non-recurring gains and losses is projected to be between 3,880,000 to 5,820,000 CNY, compared to a loss of 55,843,700 CNY in the previous year [4]. Business Optimization - The overall gross margin has increased due to continuous optimization of the business structure [6]. - Cost control measures and personnel adjustments have further reduced expenses, contributing to the expected profitability in Q1 2026 [6]. Reporting - The specific financial data for Q1 2026 will be disclosed in the company's detailed quarterly report [8].

西域旅游开发股份有限公司 2025 年年度报告全文 2026 年 3 月 1 西域旅游开发股份有限公司 2025 年年度报告全文 2025 年年度报告 第一节 重要提示、目录和释义 西域旅游开发股份有限公司 2025 年年度报告 2026-002 公司董事会及董事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律 责任。 公司负责人吕美蓉、主管会计工作负责人方燕及会计机构负责人(会计主 管人员)宁铁庄声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本年度报告涉及的未来计划、发展战略等前瞻性描述，不构成公司对投 资者的实质承诺，请投资者注意投资风险。 公司已在本报告"第三节管理层讨论与分析"之"十一、公司未来发展 的展望"中，描述了可能面对的风险因素及应对措施，敬请投资者关注相关 内容。 公司经本次董事会审议通过的利润分配预案为：以 2025 年 12 月 31 日公 司总股本 155,000,000 股为基数，向全体股东每 10 股派发现金红利 3.00 元 （含税），送红股 0 股（含税），以资本 ...

金雷科技股份公司 2025 年年度报告全文 金雷科技股份公司 JinLei Technology Co.,Ltd. 2025 年度报告 1 【2026 年 3 月】 金雷科技股份公司 2025 年年度报告全文 2025 年年度报告 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律 责任。 公司负责人伊廷雷、主管会计工作负责人周丽及会计机构负责人(会计主 管人员)张俊丽声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告所涉及的未来计划、发展战略等前瞻性陈述不构成公司对投资者 的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当 理解计划、预测与承诺之间的差异。敬请投资者注意投资风险。 （一）宏观经济与行业周期波动风险 尽管全球能源转型持续深化，但宏观经济周期性调整、地缘政治局势变 化及风电行业技术进步与需求波动，仍可能对公司经营环境带来不确定性。 若下游行业出现阶段性需求放缓或技术路线发生显著变革，公司可能面临订 单波动、产能利用率下降 ...

中材科技股份有限公司 2025 年年度报告全文 中材科技股份有限公司 2025 年年度报告 2026 年 3 月 1 中材科技股份有限公司 2025 年年度报告全文 2025 年年度报告 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责 任。 公司负责人黄再满、主管会计工作负责人陈钊新及会计机构负责人（会 计主管人员）毛冉声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 风险因素请详见本报告第三节第十一部分内容。 | 第一节 | 重要提示、目录和释义 2 | | --- | --- | | 第二节 | 公司简介和主要财务指标 6 | | 第三节 | 管理层讨论与分析 9 | | 第四节 | 公司治理、环境和社会 34 | | 第五节 | 重要事项 51 | | 第六节 | 股份变动及股东情况 62 | | 第七节 | 债券相关情况 68 | | 第八节 | 财务报告 73 | 中材科技股份有限公司 2025 年年度报告全文 备查文件目录 1、载有公司法定 ...

苏州天华新能源科技股份有限公司 2025 年年度报告全文 苏州天华新能源科技股份有限公司 2025 年年度报告 2026-013 2026 年 03 月 1 苏州天华新能源科技股份有限公司 2025 年年度报告全文 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律 责任。 公司负责人陆建平、主管会计工作负责人原超及会计机构负责人(会计主 管人员)原超声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本年度报告中涉及未来计划或规划等前瞻性陈述的，均不构成公司对投 资者的实质承诺，投资者及相关人士均应对此保持足够的风险认识，并且应 当理解计划、预测与承诺之间的差异。 公司在本报告第三节"管理层讨论与分析"中"十一、公司未来发展的展 望"部分，详细描述了公司经营中可能存在的风险及应对措施，敬请投资者关 注相关内容。 公司经本次董事会审议通过的利润分配预案为：不派发现金红利，不送 红股，不以资本公积金转增股本。 2 | 第一节 重要提示、目录和释义 2 | | ...

北京钢研高纳科技股份有限公司 2025 年年度报告全文 北京钢研高纳科技股份有限公司 2025 年年度报告 2026 年 3 月 1 北京钢研高纳科技股份有限公司 2025 年年度报告全文 2025 年年度报告 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律 责任。 公司负责人周武平、主管会计工作负责人刘彬及会计机构负责人(会计主 管人员)王逸夫声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司在本报告第三节"管理层讨论与分析"之"十一、公司未来发展的展望" 中详细描述了公司经营中可能面临的风险，敬请投资者关注相关内容并注意 投资风险。 本报告中如有涉及未来的计划、业绩预测等方面内容，均不构成公司对 任何投资者及相关人士的承诺，投资者及相关人士应对此保持足够的风险认 识，并且应当理解计划、预测与承诺之间的差异。 公司经本次董事会审议通过的利润分配预案为：以 796,961,563 为基数， 向全体股东每 10 股派发现金红利 0.36 元（含税）， ...

Financial Performance - The company's operating revenue for 2025 reached ¥1,913,609,947.68, representing a 15.22% increase compared to ¥1,660,764,603.02 in 2024[16] - Net profit attributable to shareholders for 2025 was ¥503,575,870.32, an increase of 11.61% from ¥451,186,149.50 in 2024[16] - The net cash flow from operating activities for 2025 was ¥888,363,914.02, reflecting a significant increase of 25.83% compared to ¥705,992,784.71 in 2024[16] - Basic earnings per share for 2025 were ¥1.5874, up 11.46% from ¥1.4242 in 2024[16] - Total assets at the end of 2025 amounted to ¥4,818,088,029.12, a 14.20% increase from ¥4,219,091,647.46 at the end of 2024[16] - The company's net assets attributable to shareholders increased by 9.15% to ¥2,741,205,729.32 at the end of 2025, compared to ¥2,511,479,432.25 at the end of 2024[16] - The company reported a diluted earnings per share of ¥1.5763 for 2025, which is a 10.68% increase from ¥1.4242 in 2024[16] - The weighted average return on equity for 2025 was 20.60%, up from 18.37% in 2024, indicating improved profitability[16] - The company’s net profit after deducting non-recurring gains and losses for 2025 was ¥491,863,118.39, a 12.41% increase from ¥437,549,981.54 in 2024[16] Revenue Breakdown - B2B revenue accounted for 91.36% of total operating revenue in 2025, amounting to 1,748,249,369.87 yuan, up 19.45% from the previous year[56] - AI business revenue surged by 116.94% to 53,107,154.55 yuan in 2025, compared to 24,479,674.84 yuan in 2024[56] - The insurance business saw a 12.65% decline in revenue to 100,935,772.65 yuan in 2025, down from 115,552,840.32 yuan in 2024[56] - The cross-border business revenue decreased by 13.66% to 79,616,460.56 yuan in 2025, compared to 92,215,424.62 yuan in 2024[56] Market and Business Strategy - The company focuses on enhancing its B2B cross-border platform services, with a new initiative called the "New Maritime Plan" targeting emerging markets such as the Middle East, Latin America, Africa, and Europe[25] - The AI application business launched the AI Global Procurement Assistant Sourcing AI 2.0 in October 2025, aimed at improving operational efficiency for export enterprises[26] - The cross-border e-commerce segment is supported by a distribution model through Doba.com, helping Chinese suppliers access international markets[28] - The company aims to deepen AI technology integration across all operational aspects, enhancing efficiency and customer service capabilities[53] - The company plans to continue investing in AI product development and expand its product matrix to drive high-quality growth in the foreign trade sector[49] Operational Efficiency and Innovation - The company has established a comprehensive technical system to support stable operations and innovation, including advanced data processing and AI application technologies[38] - The company implemented a stock option incentive plan, resulting in a share-based payment expense of 68.11 million yuan, with adjusted net profit growth of 24.01% after excluding this expense[41] - The company aims to implement multi-modal AI technology to improve search accuracy and user satisfaction in its platform operations[69] - The company is committed to upgrading its AI products, including AI Mai Ke and Sourcing AI, to improve operational efficiency and enhance buyer-seller interactions[91] Governance and Compliance - The company has established a complete and independent business system, ensuring operational independence from the controlling shareholder[116] - The board of directors consists of 9 members, including 3 independent directors, complying with relevant laws and regulations[109] - The company has implemented a strict information disclosure system, ensuring timely and accurate communication with investors[113] - The company has established a mechanism for accountability regarding major errors in annual report disclosures, enhancing transparency[114] - The company is continuously improving its governance structure in compliance with relevant laws and regulations, enhancing its overall governance level[107] Employee and Talent Development - The company has established a comprehensive talent development system, including the "50 Engineering" talent cultivation plan, which has produced nearly 100 key talents for various business functions[152] - The company encourages employee development and offers performance incentive funds and equity incentives to align employee interests with company growth[151] - The total number of employees at the end of the reporting period was 2,737, with 1,214 in the parent company and 1,523 in major subsidiaries[149] - The professional composition includes 1,783 sales personnel, 716 technical personnel, 27 financial personnel, 116 administrative personnel, and 95 others[150] Risk Management - The company will establish a comprehensive risk response system to address market demand fluctuations and international trade environment changes, focusing on proactive monitoring and customer empowerment[94] - The company faces challenges in cross-border operations due to differences in political systems, economic environments, and compliance requirements across various markets[95] - The company is facing risks related to cross-border transactions, including currency exchange risks and payment channel issues, which could lead to economic losses and reputational damage[98] - The company has established long-term partnerships with several international banks and leading payment institutions to ensure the safety, stability, and timeliness of cross-border payments[98] Sustainability and Corporate Responsibility - The company is committed to sustainable development and maintaining a clean operational environment, promoting ethical practices among employees[178] - The company has integrated green development concepts into its operations, focusing on energy conservation and environmental protection to minimize ecological impact[182] - The implementation of an intelligent lighting system has significantly reduced lighting energy consumption, while energy-efficient air conditioning systems have improved energy utilization efficiency[183] - Since the data center's operation began in 2020, the Power Usage Effectiveness (PUE) has consistently maintained a leading level among similar facilities, setting a benchmark for green energy efficiency in the industry[184]

1 深圳经济特区房地产(集团)股份有限公司 2025 年年度报告全文 2025 年年度报告 深圳经济特区房地产(集团)股份有限公司 2025 年年度报告全文 深圳经济特区房地产(集团)股份有限公司 2025 年年度报告 公告编号：2026-010 【2026 年 3 月 20 日】 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证年度报告内容的真实、准 确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人陈明、主管会计工作负责人汪健飞及会计机构负责人 （会计主管人员）周宏普声明：保证本年度报告中财务报告的真实、 准确、完整。 所有董事均已出席了审议本报告的董事会会议。 年度报告中涉及未来经营计划或经营工作安排的描述并不构成 公司对投资者的实质承诺，相关计划或安排的落实受多方面因素的影 响，在此提请广大投资者注意投资风险。 公 司 经 本 次 董 事 会 审 议 通 过 的 利 润 分 配 预 案 为 ： 以 1,011,660,000 股为基数，向全体股东每 10 股派发现金红利 0.35 元 （含税），送红股 0 股（含税），不以公积金转增股本。 2 | ...