圣晖集成：圣晖集成2025年年度报告（英文版）

Important I.The board of directorsand senior management of the Company hereby guarantee the contentscontained in the annual report (hereinafter referred to as “this Report”) are true, accurate, intactand free of any false records, misleading statements or major omissions; otherwise, theyshall bearthe individual and joint legal liabilities arising therefrom.II.All directors of the Company attended the board meeting.III.ShineWing Certified Public Accountants LLP (special general partnership) has issued astandard unqualified audit report for the Company.IV.Liang Jinli, the director of the Company,Zhu Qihua, the person in charge of accounting, andXiao Jingxia, the director ofthe accountingfirm (accounting director) hereby declare that thefinancial statements set out in this Report are true, accurate and intact.V.Proposals for profit distribution or conversion of provident fund to capital stockduringthereporting period ratified in the form of board resolution The Company held the 5th Meeting of the 3rd Board of Directors on March 27, 2026, which reviewedand approved theProposal on the Profit Distribution Plan for the Year 2025. The 2025 profit distributionpre-plan is as follows: Based on the total share capital registered on the equity distribution record date, acash dividend of RMB 6.5 (tax-inclusive) per 10 shares will be distributed to all shareholders. As ofDecember 31,2025, the Company’s total share capital was 100,000,000 shares, resulting in a proposedtotal cash dividend of RMB 65,000,000 (tax-inclusive). Furthermore, the 2nd Meeting of the 3rd Board of Directors held on August 7, 2025, reviewed andapproved theProposal on the Profit Distribution Plan for theFirst Half ofYear 2025. The 2025 semi-annual profit distribution plan was: Based on the total share capital registered on the equity distributionrecord date, a cash dividend of RMB 1.5 (tax-inclusive) per 10 shares will be distributed to allshareholders. This interim dividendwas distributed on September 5, 2025, with a total distribution amountofRMB 15,000,000 (tax-inclusive). In summary, the Company’s estimated total cash dividend distribution for 2025 is RMB 80,000,000(tax-inclusive), accounting for 51.76% of the Company’s net profit attributable to shareholders of thelisted company for 2025. As of the end of the reporting period, relevant information regarding the existence of undistributedlosses in the parent company and their impact on matters such as the Company’s profit distribution.□Applicable☑N/A VI.Risk Disclosure of Forward-Looking Statements ☑Applicable□N/A The forward-looking statements in this Report, including future plans, development strategies, etc.do not constitute the Company’s substantial commitments to investors, who are kindly reminded of theinvestment risks. VII.Whether there is non-operational appropriation of funds by controlled shareholders and otherrelated parties NoVIII.Whether there is any violation of the required decision-making procedures for the provisionof external guarantees NoIX.Whether more than half of the total directors are unable to guarantee the truthfulness, accuracyand intactness of the annual report disclosed by the Company The Company has elaborated the possible relevant risks in this Report. For details, please refer to thepossible risks mentioned in “(IV) Possible Risks in VI. Discussion and Analysis of the Company’s FutureDevelopment of Section III: Management Discussion and Analysis”. XI.Others □ Applicable☑N/A Table of Contents Section IDefinitions...................................................................................................................................5Section II Company Profile and Key Financial Indicators.........................................................................8Section III Management Discussion and Analysis....................................................................................14Section IV Corporate Governance, Environment, and Social Responsibility...........................................45Section V Milestone Events......................................................................................................................66Section VI Changes in Shares and Information about Shareholders.........................................................91Section VII Relevant Information of Bonds.............................................................................................99Section XIII Financial Statements............................................................................................................99 Section IDefinitions I.Definitions In this Report, unless the context otherwise requires, the following terms shall have the meanings set outbelow: Section II Company Profile and Key Financial Indicators I.Company Information II.Contacts III.Basic Information IV.Information Disclosure and Retention Site V.Corporate Stock VI.Other Relevant Information VII. KeyAccounting Data and Financial Indicat