粤照明Ｂ：2025年年度报告（英文版）

FOSHANELECTRICALANDLIGHTINGCO.,LTD. ANNUALREPORT2025 April2026 ANNUALREPORT2025 PartIImportantNotes,TableofContentsandDefinitions TheBoard of Directors(or the“Board”)as well as the directors and seniormanagementofFoshanElectricalandLightingCo.,Ltd.(hereinafterreferredtoasthe“Company”)herebyguaranteethefactuality,accuracyandcompletenessofthecontentsofthisReport and its summary,and shall be jointly and severally liable for anymisrepresentations,misleadingstatementsormaterialomissionstherein. YuZhongmin,the Company’s legal representative,Zeng Xiaojing,the Company’sChiefFinancialOfficer,andLiYizhi,theperson-in-chargeoftheCompany’saccountingorgan(equivalenttoaccountingmanager)herebyguaranteethattheFinancialStatementscarriedinthisReportarefactual,accurateandcomplete. AlltheCompany’sdirectorshaveattendedtheBoardmeetingforthereviewofthisReportanditssummary. Thefuture plans and otherforward-looking statements,as well as the cautionarystatementsmentionedinthisReportshallnotbeconsideredasvirtualpromisesoftheCompanytoinvestors.Andinvestorsarekindlyremindedtobewellawareofpossiblerisks. TheCompany has described in detail in this Report the risk of macro-economicfluctuationsandintensifiedmarketcompetition,theriskofrisingrawmaterialprices,theriskofexchangeratefluctuations,theriskoftherecoverabilityofaccountsreceivable.Pleaserefertothesectionheaded“PotentialRisks”inItemXIofPartIIIofthisReport. TheBoardhasapprovedafinaldividendplanasfollows:basedonthetotalsharecapitalof1,535,778,230sharesatthedisclosuredateofthe2025AnnualReport,acashdividendofRMB0.5(taxinclusive)per10sharesistobedistributedtotheshareholders,withnobonusissuefromeitherprofitorcapitalreserves.Whereanychangeoccurstothetotalsharesentitledtothefinaldividendduetoanysharerepurchase,grantofequityincentives,etc.whenthefinaldividendplanisimplemented,thedividendpershareshall remainthesamewhilethetotalpayoutamountshallbeadjustedaccordingly. ThisReporthasbeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionshallprevail. TableofContents PartIImportantNotes,TableofContentsandDefinitions...........................................................2PartIICorporateInformationandKeyFinancialInformation...................................................7PartIIIManagementDiscussionandAnalysis.............................................................................13PartIVEnvironmental,SocialandGovernanceInformation.....................................................55PartVSignificantEvents.................................................................................................................81PartVIShareChangesandShareholderInformation...............................................................128PartVIIBonds................................................................................................................................139PartVIIIFinancialStatements.....................................................................................................140 DocumentsAvailableforReference InvestorsandinterestedpartiescangetaccesstothefollowingmaterialsintheBoardOffice(theStrategicInvestmentDepartment)intheCompany’sofficebuilding: 1.ThefinancialstatementssignedandstampedbytheCompany’slegalrepresentative,ChiefFinancialOfficer,andtheperson-in-chargeoftheCompany’saccountingorgan. 2.TheoriginalcopyoftheIndependentAuditor’sReportsignedandstampedbythecertifiedpublicaccountantsandstampedbytheCPAfirm. 3.TheoriginalsofalltheCompany’sannouncementsanddocumentsdisclosedtothepublicduringtheReportingPeriodonthemediadesignatedbytheCSRCforinformationdisclosure. Definitions PartIICorporateInformationandKeyFinancialInformation ICorporateInformation IIContactInformation IIIMediaforInformationDisclosureandPlacewherethisReportIsLodged IVChangetoCompanyRegisteredInformation VOtherInformation TheindependentauditfirmhiredbytheCompany: TheindependentsponsorhiredbytheCompanytoexerciseconstantsupervisionovertheCompanyintheReportingPeriod: TheindependentfinancialadvisorhiredbytheCompanytoexerciseconstantsupervisionovertheCompanyintheReportingPeriod: □ApplicableNotapplicable VIKeyFinancialInformation Indicatewhetherthereisanyretrospectivelyrestateddatuminthetablebelow. Indicatewhetherthelowerofthenetprofitattributabletothelistedcompany’sshareholdersbeforeandafterexceptionalgainsandlosseswasnegative forthelastthree accountingyears,andthelatestindependentauditor’sreportindicatedthattherewasuncertaintyabouttheCompany’sabilitytocontinueasagoingconcern. □YesNo IndicatewhetherthelowestoftheCompany’sauditedgrossprofit,netprofit,andnetprofitbeforeexceptionalgainsandlossesfortheReportingPeriodisnegative. □YesNo VIIAccounting Data Differences under China’s Accounting Standards for BusinessEnterprises(CAS)andInternationalFinancialReportingStandards(IFRS)andForeignAccountingStandards 1.NetProfitandEquityunderCASandIFRS □ApplicableNotapplicable NodifferencefortheReportingPeriod. 2.NetPr