西普尼二零二五年报

SHENZHEN HIPINEPRECISION TECHNOLOGY CO., LTD. 深圳西普尼精密科技股份有限公司 (A joint stock company incorporated in the People's Republic of China with limited liability)( 於中華人民共和國註冊成立的股份有限公司 )Stock Code股份代號: 2583 ANNUAL REPORT2025年 報 Contents目錄 Corporate Information2Financial Highlights4Chairman Report5Management Discussion and Analysis8Biographical Details of Directors, Supervisors andSenior Management22Report of the Board of Directors32Report of the Supervisory Committee49Corporate Governance Code and CorporateGovernance Report54Environmental, Social and Governance Report81Independent Auditor’s Report156Consolidated Statement of Profit or Loss andOther Comprehensive Income162Consolidated Statement of Financial Position163Consolidated Statement of Changes in Equity165Consolidated Statement of Cash Flows166Notes to the Consolidated Financial Statements168Five-Year Financial Summary236 Corporate Information BOARD OF DIRECTORS Executive DirectorsMr. Li Yongzhong(Chairman)Mr. Hu Shaohua (former name: Hu Shaofeng)Mr. Li Yangjin Non-executive DirectorMr. Huang Liangdi Independent non-executive Directors 2025930202511282025112820251128 Ms. Guo Xiaohong (former name: Guo Lanhong)Mr. Wong Sin Yung (appointed with effect from 30 September 2025)Mr. She Dingshun (appointed with effect from 28 November 2025)Mr. Li Qi (resigned with effect from 28 November 2025)Mr. Lin Yong (resigned with effect from 28 November 2025) SUPERVISORS Ms. Yao XiangpingMs. Qin YanMr. Zou Jianping BOARD COMMITTEES Audit Committee 20259302025112820251128 Ms. Guo Xiaohong(Chairlady)Mr. Wong Sin Yung (appointed with effect from 30 September 2025)Mr. Huang LiangdiMr. Li Qi (resigned with effect from 28 November 2025)Mr. Lin Yong (resigned with effect from 28 November 2025) Remuneration and Assessment Committee 202511282025112820251128 Mr. She Dingshun(Chairman)(appointed with effect from 28 November 2025)Ms. Guo XiaohongMr. Hu ShaohuaMr. Li Qi(Chairman) (resigned with effect from 28 November 2025)Mr. Lin Yong (resigned with effect from 28 November 2025) Nomination Committee 20259302025112820251128 Mr. Wong Sin Yung(Chairman)(appointed with effect from 30 September 2025)Mr. She Dingshun (appointed with effect from 28 November 2025)Mr. Huang LiangdiMr. Lin Yong(Chairman) (resigned with effect from 28 November 2025) Strategy CommitteeMr. Li Yongzhong(Chairman) 20251128 Mr. Huang LiangdiMr. Li YangjinMr. Li Qi (resigned with effect from 28 November 2025) JOINT COMPANY SECRETARIES 20263172026317 Mr. Li YangjinMs. Sze Suet Ling (resigned with effect from 17 March 2026)Ms. Mak Po Man Cherie (appointed with effect from 17 March 2026) AUTHORISED REPRESENTATIVES 20263172026317 Mr. Li YangjinMs. Sze Suet Ling (resigned with effect from 17 March 2026)Ms. Mak Po Man Cherie (appointed with effect from 17 March 2026) COMPLIANCE ADVISOR Ping An of China Capital (Hong Kong) Company Limited LEGAL ADVISERS AS TO HONG KONG LAWDeacons • AUDITORS Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor 2583 STOCK CODE2583 https://www.hipine.com COMPANY’S WEBSITEhttps://www.hipine.com REGISTERED OFFICE AND HEADQUARTERS IN THE PRC 992901(3701A) 3701AShuibei International Jewellery Centre 2901No. 99 Beili North Road, Cuijin CommunityCuizhu Street, Luohu DistrictShenzhen, Guangdong ProvincePRC Financial Highlights Chairman Report Dear Shareholders of the Company, On behalf of Shenzhen Hipine Precision Technology Co., Ltd. (the“Company”, and together with its subsidiaries, collectively the “Group”or “We”), I hereby present the Group’s annual report for the yearended 31 December 2025. This past year, we weathered the uncertainties that came withsuch unfavourable circumstances with unwavering commitment tothe product quality, continued enhancement of our operation andrelentless effort to build our brand through innovative measures whileabiding by our social responsibilities and implementing solid ESGmeasures. We strive to be agile when facing market changes and tocontinue to grow our business robustly. 45661133.8%10249106.5%21.02 The Group’s revenue increased from approximately RMB457 millionfor the last year to approximately RMB611 million for the ReportingYear, representing an increase of approximately 33.8%.The Grouprecorded a net profit of approximately RMB102 million for 2025, ascompared with a net profit of approximately RMB49 million for 2024,representing an increase of approximately 106.5% year-on-year andthe Group’s basic earnings per share amounted to RMB2.00 (2024:RMB1.02). Chairman Report Leveraging its solid business foundation and growth prospects, theCompany was successfully listed (the “Listing”) on the Main Boardof The Stock Exchange of Hong Kong Limited (the “Stock Exchange”)on 30 September 2025. (the “Listing Date”) The Board believes thatthe Listing will effectively drive the implementation of the Group’sbusiness strategies as set out in the prospectus dated 19 September2025 and