宁通信B：2025年年度报告（英文版）

AnnualReport2025 [April2026] AnnualReport2025 SectionIImportantNotes,ContentsandInterpretations TheBoardofDirectors,directorsandseniorexecutivesoftheCompanyguaranteethetruthfulness,accuracyandcompletenessoftheAnnualReport,andensurethattherearenofalserecords,misleadingstatementsormajoromissions,andtheywillbeheldindividuallyandjointlyliableforanylegalliabilitythatmayarise. ShenXiaobing,thepersoninchargeoftheCompany,andZhangJie,thepersoninchargeofaccountingwork,andZhangJingxia,thepersoninchargeoftheaccountinginstitution(accountingsupervisor),declarethat:theyguaranteethetruthfulness,accuracyandcompletenessofthefinancialreportsinthisAnnualReport. Alldirectorshaveattendedtheboardmeetingwherethisreportwasdeliberated. ThisAnnualReportcontainsforward-lookingstatementsconcerningfutureplanssuchastheCompany'sbusinessplan.Itisimportanttonotethattheseplansdonotconstituteasubstantivecommitmenttoinvestors,andinvestorsandrelatedpartiesshouldexercisesufficientriskawarenessandcarefullyconsiderthedifferencesamongplans,forecasts,andcommitments. In"SectionIIIDiscussionandAnalysisoftheManagementTeam",theCompanyhasprovidedananalysisofthepotentialrisksthatmayaffectthe Company'sdevelopment.Weencourageinvestorstoreviewthissectioncarefully. TheCompanyplansnottodistributecashdividends,issuebonusshares,orconvertsurplusreserveintosharecapital. Asof the end of the reporting period,the parent company has anaccumulateddeficit.The accumulated undistributed profit on the parentcompany'sfinancial statements is-496,761,090.96 RMB,and that on theconsolidatedfinancialstatementsis-403,806,789.70RMB.TheCompanyisnotyeteligibleforprofitdistribution.InlightoftheCompany'sactualoperatingconditions,theCompanyplansnottodistributecashdividends,issuebonusshares,or convert surplus reserve into share capital for the year 2025.Investorsarekindlyrequestedtopayattentiontothissituationandbeawareofinvestmentrisks. TableofContents SectionIImportantNotes,ContentsandInterpretations.....................................................................................2SectionIICompanyProfileandMainFinancialIndicators.................................................................................7SectionIIIManagement'sDiscussionandAnalysis.............................................................................................12SectionIVCorporateGovernance,EnvironmentalandSocialResponsibility.................................................31SectionVImportantMatters..................................................................................................................................54SectionVIChangesinSharesandShareholderInformation.............................................................................95SectionVIIMattersRelatingtoBonds................................................................................................................103SectionVIIIFinancialReport...............................................................................................................................104 ContentsofDocumentsforFutureReference (I)FinancialstatementscontainingthesignaturesandsealsofthepersoninchargeoftheCompany,thepersoninchargeofaccountingworkandthepersoninchargeoftheaccountinginstitution(accountingsupervisor). (II)Theoriginalauditreportcontainingthesealoftheaccountingfirmandthesignaturesandsealsofthecertifiedpublicaccountants. (III)TheoriginalsofallCompanydocumentsandannouncementspubliclydisclosedduringthereportingperiod. Interpretations SectionIICompanyProfileandMainFinancialIndicators I.CompanyInformation II.ContactPersonandContactInformation III.InformationDisclosureandPlaceforDocumentInspection IV.RegistrationChanges V.OtherRelevantInformation AccountingfirmengagedbytheCompany SponsorinstitutionperformingcontinuoussupervisiondutiesduringthereportingperiodengagedbytheCompany □Applicable☑NotApplicable FinancialconsultantperformingcontinuoussupervisiondutiesduringthereportingperiodengagedbytheCompany ☑Applicable□NotApplicable VI.MainAccountingDataandFinancialIndicators DoestheCompanyneedtoretrospectivelyadjustorrestatetheaccountingdataofpreviousyears? Whether,forthelastthreeconsecutivefiscalyears,thelowerofthenetprofitbeforeandafterdeductingnon-recurringprofitandlossisnegative,andtheauditreportforthemostrecentyearindicatesthatthereisuncertaintyabouttheCompany'sabilitytocontinueasagoingconcern: □Yes☑No Whethertheloweroftheauditedtotalprofit,netprofitandnetprofitafterdeductingnon-recurringprofitandlossoftheCompanyduringthereportingperiodisnegative: VII.DifferencesinAccountingDataunderDomesticandOverseasAccountingStandards 1.DifferencesinnetprofitandnetassetsbetweenthefinancialreportsdisclosedinaccordancewithInternationalFinancialReportingStandardsandChineseAccountingStandards: □Applicable☑NotApplicable ThereisnodifferenceinnetprofitandnetassetsbetweenthefinancialreportsdisclosedinaccordancewithInternationalAccountingStandardsandChineseAccountingStandardsduringthereportingperiod. 2.Differencesinnetpr