中 鲁Ｂ：2025年年度报告（英文版）

AnnualReportof2025 【April24,2026】 AnnualReportof2025 SectionI ImportantInformation,Contents,andDefinitions TheCompany’sBoardofDirectors,directors,andofficersensurethatthecontentofthisannualreportistrue,accurate,andcompletewithoutanyfalserecord,misleadingstatement,orsignificantomissionandbearjointandseverallegalliability. WangHuan,theprincipaloftheCompany,FuChuanhai,thepersoninchargeofaccounting,andLeiLixin,thepersoninchargeoftheaccountingbody(accountingsupervisor),declarethatthefinancialreportinthisannualreportistrue,accurate,andcomplete. AlldirectorsattendedtheBoardmeetingatwhichthisreportwasconsidered. TheCompanydescribespotentialrisksinitsoperationsandcountermeasuresin“XI.ProspectoftheCompany’sFutureDevelopment”inSectionIII,“TheManagement’sDiscussionandAnalysis.”Investorsareremindedtopayattentiontotherelevantcontent. ThisreportispreparedinChineseandEnglish.WheretheChineseandEnglishtextsareinterpretedindifferentways,theChinesetextshallprevail. TheCompanyplansnottodistributecashdividends,nottodistributebonusshares,andnottoconvertreservesintosharecapital.Asoftheendofthereportingperiod,theparentcompanyhadaccumulated losses. AccordingtotheauditconductedbyShanghaiCertifiedPublicAccountants(SpecialGeneralPartnership),theparentcompany’snetprofitforthe2025fiscalyearwasRMB16,136,778.43,anditsretainedearningswereRMB-2,898,701.11.InaccordancewiththeprovisionsoftheArticlesofAssociationandtheShenzhenStockExchangeListingRules(Section5.3.2:“Profitdistributionbyalistedcompanyshallbebasedonthedistributableprofitsinthemostrecentauditedparentcompanyfinancialstatements,takingintoreasonableconsiderationthecurrentperiod’sprofitsituation,andshalldeterminethespecificprofitdistributionratioinaccordancewiththeprincipleoftakingthelowerofthedistributableprofitsintheconsolidatedfinancialstatementsandtheparentcompanyfinancialstatementstoavoidover-distribution),theparentcompany’sdistributableprofitsasofDecember31,2025werenegative,andtheCompany’s2025profitdistributionproposalisasfollows:noprofitdistributionwillbemade,norwillcapitalreservesbeconvertedintosharecapital. Contents SectionIImportantInformation,Content,andDefinitions....................................................................................................2SectionIICompanyIntroductionandKeyFinancialIndicators.............................................................................................6SectionIIITheManagement'sDiscussionandAnalysis.......................................................................................................13SectionIVCorporateGovernance,EnvironmentalandSocial...............................................................................................31SectionVImportantMatters.............................................................................................................................................46SectionVIChangesinSharesandInformationonShareholders...........................................................................................57SectionVIIBonds.........................................................................................................................................................63SectionVIIIFinancialReport..........................................................................................................................................64 ListofDocumentsforReference (I)FinancialstatementswiththesignaturesoftheprincipaloftheCompany,thepersoninchargeofaccounting,andthepersoninchargeoftheaccountingbodyandaffixedwiththeCompany’sseal. (II)Theoriginaloftheauditreportaffixedwiththeaccountingfirm’ssealandthecertifiedpublicaccountant’ssignatureandseal. (III)TheoriginalsofallcorporatedocumentsandthemanuscriptsofallannouncementsdisclosedduringtheReportingPeriod. Definitions SectionIICompanyIntroductionandKeyFinancialIndicators I.Company’sInformation II.ContactPersonandContactInformation III.InformationDisclosureandPlaceofReportStorage IV.RegistrationChanges V.OtherRelevantInformation AccountingfirmengagedbytheCompany SponsorinstitutionengagedbytheCompanytoperformcontinuoussupervisionduringtheReportingPeriod □ApplicableNotapplicable FinancialadviserengagedbytheCompanytoperformcontinuoussupervisionduringtheReportingPeriod□ApplicableNotapplicable VI.KeyAccountingDataandFinancialIndicators WhethertheCompanyisrequiredtomakeretroactiveadjustmentsorrestatetheaccountingdataforpreviousyears □YesNo ThelowervaluesoftheCompany’snetprofitsbeforeandafterdeductingnonrecurringitemsforthelastthreeaccountingyearsareallnegative,andtheauditreportforthelastoneyearshowsthatthereareuncertaintiesintheCompany’ssustainableoperationability. □YesNo Duringthereportingperiod,theCompany’sauditedtotalprofit,netprofit,andnetprofitafterdeductingnon-recurringgainsandlosses,whicheveristhelowest,willbenegative. □YesNo VII.DifferencesinAccountingDataunderDomesticandForeignAccountingStandards 1.Differencesinnetprofitsandnetassetsinthefinancialreportdisclosedbothaccordingtointernationa