Seizing Development Opportunities in a Dynamic Landscape

ANNUAL REPORT 2025 Chairman's Statement

2025 saw accelerated restructuring of the global economic landscape. Trade protectionism has continued to intensify, and geopolitical competition has profoundly disrupted the layout of global industrial chains. Meanwhile, a new round of technological revolution—spearheaded by artificial intelligence—is reshaping industrial logic and competitive paradigms with unprecedented reach and complexity. Against this challenging external environment, the Company has always anchored itself to the strategic goal of "Global Leadership", focusing on the three core business pillars—displays, new energy photovoltaics, and other silicon materials. Our operating revenue achieved RMB 184.06 billion, representing an increase of 11.7% YoY; net profit attributable to shareholders of the listed company reached RMB 4.52 billion, up 188.8% YoY; and net cash flow from operating activities amounted to RMB 44.02 billion, up 49.1% YoY, indicating the steady growth of our operating efficiency and ongoing enhancement of our core competitiveness.