特 力Ｂ：2025年年度报告（英文版）

2025AnnualReport April2026 2025AnnualReport SectionIImportantNotes,Contents,andInterpretations TheBoard of Directors,directors,and senior management of theCompanyareresponsiblefortheauthenticity,accuracyandcompletenessoftheinformation contained in this annual report without false records,misleadingstatements,ormaterialomissions,andassumetheindividualandjointlegalresponsibilitiesforthesame. FuChunlong,head of the Company,Huang Tianyang,the person inchargeof accounting,and Huang Tianyang,the person in charge of theaccountingfirm(accountantincharge)declaretoguaranteethetruthfulness,accuracy,andcompletenessofthefinancialreportsinthisannualreport. AlldirectorsoftheCompanyhaveattendedtheboardmeetingtoreviewthereport. Theforward-looking statements such as plans for the future anddevelopmentstrategies involved in this annual report do not constitute asubstantialcommitment of the Company to investors.Investors andstakeholdersshallbeawareoftherisksthereinandunderstandthedifferencesamongplans,forecasts,andcommitments.Investorsshallpayattentiontoinvestmentrisks. TheCompanyshall abideby the disclosurerequirementsof theSelf-RegulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange—IndustrialInformationDisclosureforjewelry-relatedbusiness. TheCompany'sprofitdistributionplanpassedbytheBoardofDirectorsisasfollows:Basedonatotalof431,058,320shares,acashdividendofRMB1.10(includingtaxes)per10shareswillbedistributedtoallshareholders,withnobonussharesissued(includingtaxes)andnocapitalizationofreservesforanincreaseincapitalstock. TableofContents SectionIImportantNotes,Contents,andInterpretations....................................................................................2SectionIICompanyProfileandMajorFinancialIndicators...............................................................................7SectionIIIManagementDiscussionandAnalysis................................................................................................11SectionIVCorporateGovernance,Environment,andSociety..........................................................................35SectionVImportantMatters..................................................................................................................................55SectionVIChangesinSharesandShareholders..................................................................................................66SectionVIIBond-relatedInformation...................................................................................................................72SectionVIIIFinancialReport.................................................................................................................................73 DocumentsforInspection (I)FinancialstatementssignedandsealedbytheheadoftheCompany,thepersoninchargeofaccounting,andthepersoninchargeoftheaccountingfirm(accountantincharge). (II)TheoriginalcopyoftheAuditor'sReportsealedbytheaccountingfirmandsealedandsignedbycertifiedpublicaccountants. (III)Originalsofallcompanydocumentsandannouncementsthathavebeenpubliclydisclosedduringthereportingperiod. Interpretations SectionIICompanyProfileandMajorFinancialIndicators I.CompanyInformation II.ContactInformation III.InformationDisclosureandPlaceforPreparation IV.ChangesofRegistration V.OtherRelatedInformation AccountingfirmengagedbytheCompany □ApplicableNotapplicable FinancialconsultantengagedbytheCompanyforcontinuoussupervisionduringthereportingperiod□ApplicableNotapplicable VI.MajorAccountingDataandFinancialIndicators DoestheCompanyneedtoretrospectivelyadjustorrestatetheaccountingdataforpreviousyears?□YesNo TheloweroftheCompany'snetprofitbeforeandafterdeductingnon-recurringgainsandlossesinthelastthreeaccountingyearsisnegative,andtheauditor’sreportofthelastyearshowsthatthereisuncertaintyabouttheCompany'sgoingconcern. □YesNo ThelowestamongtheCompany'sauditedtotalprofit,netprofit,andnetprofitafterdeductingnon-recurringgainsandlossesforthereportingperiodwasnegative. □YesNo VII.DiscrepancyofAccountingDataundertheAccountingStandardbothatHomeandAbroad 1.DiscrepancyinnetprofitandnetassetsinthefinancialreportsdisclosedsimultaneouslyaccordingtoInternationalAccountingStandardsandChineseAccountingStandards □ApplicableNotapplicable TherewasnodiscrepancyinnetprofitandnetassetsinthefinancialreportsdisclosedbytheCompanyfollowingInternationalAccountingStandardsandChineseAccountingStandardsinthereportingperiod. 2.DiscrepancyinnetprofitandnetassetsinthefinancialreportsdisclosedsimultaneouslyaccordingtoforeignaccountingstandardsandChineseAccountingStandards □ApplicableNotapplicable TherewasnodiscrepancyinnetprofitandnetassetsinthefinancialreportsdisclosedbytheCompanyfollowingforeignaccountingstandardsandChineseAccountingStandardsinthereportingperiod. VIII.QuarterlyMajorFinancialIndicators Unit:RMB □YesNo IX.Non-recurringProfitorLossItemsandAmounts Applicable□Notapplicable Unit:RMB □ApplicableNotapplicable TheCompanyhasnootherprofitsorlossesconformin