从玉智农二零二五年年报

(Stock Code: 875)(Incorporated in Bermuda with limited liability) CONTENTS CORPORATE INFORMATION BOARD OF DIRECTORSExecutive directorsMr. LIN Yuhao(Chairman and Co-Chief Executive Officer)Ms.YANGYan(Chief Operating Officer) Independent non-executive directorsMs. ZHU RouxiangMs. LI Yang AUDIT COMMITTEE Ms. LI Yang(Committee Chairlady)Ms. ZHU Rouxiang REMUNERATION COMMITTEE Ms. ZHU Rouxiang(Committee Chairlady)Ms. LI Yang NOMINATION COMMITTEE Mr. LIN Yuhao(Committee Chairman)Ms. ZHU RouxiangMs. LI Yang CORPORATE GOVERNANCE COMMITTEE Ms. LI Yang(Committee Chairlady)Ms. ZHU Rouxiang AUTHORISED REPRESENTATIVES Mr. LIN YuhaoMs. TSUI Mei Fung COMPANY SECRETARYMs. TSUI Mei Fung REGISTERED OFFICE Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda CORPORATE INFORMATION HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESSIN HONG KONG 61-636B53 Room 53, 6B/FLiven House61-63 King Yip StreetKwun TongHong Kong AUDITOR 255151501 Infinity CPA LimitedCertified Public Accountants and Public Interest Entity AuditorRoom 1501, 15/FOlympia Plaza255 King’s RoadNorth Point, Hong Kong PRINCIPAL SHARE REGISTRAR Ocorian Services (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda Ocorian Services (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 875 SHARE LISTING The Stock Exchange of Hong Kong LimitedStock Code: 875 http://www.cyia.hk CORPORATE WEBSITEhttp://www.cyia.hk info@cyia.hk INVESTOR RELATIONS Email: info@cyia.hk Shareholders may send their request to receive copies of the annualreport by notice in writing to the head office of the Company or bysending an email to info@cyia.hk. info@cyia.hk CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of Congyu Intelligent Agricultural Holdings Limited (the“Company”) and its subsidiaries (collectively, the “Group”), I am pleasedto present you with the annual results of the Group for the year ended 31December 2025 (the “Reporting Period”). The past year has been a challenging one for both our Company andthe industries in which we operate. Amidst a backdrop of intensifiedcompetition, rising operational costs, and shifting market dynamics,our financial performance has faced significant pressures. Althoughwe achieved substantial top-line growth with a significant increase inrevenue, our bottom-line profitability was heavily impacted by margincompression, resulting in a widened net loss. Nevertheless, we remainsteadfast in our commitment to strengthening the foundation of ourbusiness and driving long-term sustainable growth. During the Reporting Period, the Group recorded a revenue fromAgricultural and Meat Business (as defined below) of approximatelyHK$3,536.6 million, representing an increase of approximately 182.2%from approximately HK$1,253.0 million for the year ended 31 December2024 (the “Corresponding Period”). The Group recorded a gross profitfrom Agricultural and Meat Business (as defined below) of approximatelyHK$50.9 million as compared with a gross profit of approximatelyHK$45.8 million for the Corresponding Period. 3,536,600,0001,253,000,000182.2%50,900,00045,800,000 The market environment is becoming increasingly competitive, withevolving consumer preferences, stricter regulatory requirements, andunpredictable climate change, all of which have impacted production andsupply chains. Similarly, the frozen meat trade has also been affected byfluctuating commodity prices, geopolitical uncertainties, and changes inimport and export policies. These external factors have compounded theoperational challenges we face, placing added pressure on our businessperformance. Despite the aforementioned headwinds, we regard this period as animportant strategic window of opportunity to embrace digital agricultureand lay the foundation for future business development. Our strategicfocus remains on enhancing operational efficiency, optimizing coststructures,and driving industrial upgrades through cutting-edgetechnology, leveraging artificial intelligence (AI), the Internet of Things(IoT),low-altitude economy and bio-agricultural technologies tocomprehensively improve productivity. CHAIRMAN’S STATEMENT Upholding this vision, the Group officially launched the developmentprojects of an agricultural vertical e-commerce platform and agriculturallow-altitude economy ecosystem in the first half of the year. On thefront end, we are building a comprehensive, real-time monitoring andprecise intelligent management system based on large-scale dronefleets, low-altitude IoT sensing networks and large-scale agricultural AIbrains. Through continuous collection of multi-dimensional data includingmeteorology, soil, water and fertilizer, pests and diseases, crop growthand environmental carbon footp