The Company held the 12th meeting of 12th session of Board of Directors on August 29, 2025, through a combination of on-site and video conference formats. Senior executives of the Company were present at the meeting, and the meeting was chaired by Mr. Yang Guoping, Chairman of the Board. After fully consideration, the attending Directors agreed and passed the "Semi-Annual Business Report for 2025", "Summary of the Semi-Annual Report 2024", “Resolution on the Factoring Financing Business between the Subsidiaries and Related Parties”, “Resolution on Amendments to the Work Rules of the Audit Committee of the Board of Directors”, “Resolution on Amendments to the Work Rules of the Chief Executive Officer”, “Resolution on Amendments to the Measures for the Administration of Information Disclosure”, “Resolution on Revising the Measures for the Administration of Information Disclosure of Bond”, “Resolution on Amendments to the Measures for the Administration of Information Disclosure of Bond”, “Resolution on Revising the Measures for the Administration of Raised Funds Usage” and other matters.
In the first half of 2025, under the leadership of the Board, the Company persisted in its development strategy of “being driven by both public utilities and venture capital investment”, centered on the annual operational-management targets, focused on the core business, strictly control the two red lines of “cash flow and leverage ratio,” actively explore new business growth points, and achieved a significant improvement in business performance. During the Reporting Period, the Company realized a revenue of RMB3,449 million, and net profits attributable to shareholders of the listed company of RMB333 million, representing a year-on-year increase of RMB211 million.
According to the eight new regulatory policies for the capital market in the first half of 2025 and the supporting rules of the new Company Law, the Company has amended and revised the working systems of work rules of the Audit Committee of the Board, information disclosure, fundraising and other matters, in order to strengthen the institutional foundation for improving the level of corporate governance.
Looking ahead to the second half of 2025, the Company will closely track changes in the international and domestic markets, strengthen situation analysis and judgment, adhere to innovation driven leadership, promote steady development of various businesses, comprehensively complete annual business goals and tasks, achieve a successful conclusion of the 14th Five Year Plan with high quality, and repay shareholders and society with excellent performance.
In accordance with the unified requirements of the China Securities Regulatory Commission, the Company amended the Articles of Association during the 2024 annual general meeting to abolish the Supervisory Board. To express gratitude for the diligent and dedicated service of all past and present supervisors, the Board specially invited the three supervisors to attend this meeting and presented commemorative gifts, giving thanks to all supervisors for their diligent and responsible performance over the years.
