奇景光电 2025年年度报告和过渡报告

CAYMAN ISLANDS Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report.349,826,828Ordinary Shares. If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15(d)of the Securities Exchange Act of 1934.☐Yes☒No Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12months (or for suchshorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter)during the preceding 12months (or for such shorter period that the registrant was required to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,”“accelerated filer,” and “emerging growth company” in Rule12b-2 of the Exchange Act. (Check one): If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards† provided pursuant to Section13(a)of the Exchange Act.☐ † The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error topreviously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive- based compensation received by any of the registrant’s executiveofficers during the relevant recovery period pursuant to §240.10D-1(b).☐ If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.☐Item17☐Item18If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).☐Yes☒No TABLE OF CONTENTS SPECIAL NOTEREGARDING FORWARD-LOOKING STATEMENTSCERTAIN CONVENTIONSPARTIITEM1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERSITEM2. OFFER STATISTICS AND EXPECTED TIMETABLEITEM3. KEY INFORMATION3.A.[Reserved]3.B. Capitalization and Indebtedness3.C. Reason for the Offer and Use of Proceeds3.D. Risk FactorsITEM4. INFORMATION ON THE COMPANY4.A. History and Development of the Company4.B. Business Overview4.C. Organizational Structure4.D. Property, Plants and EquipmentITEM4A. UNRESOLVED STAFF COMMENTSITEM5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS5.A. Operating Results5.B. Liquidity and Capital Resources5.C. Research and Development5.D. Trend Information5.E. Critical Accounting EstimatesITEM6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES6.A. Directors and Senior Management6.B. Compensation6.C. Board Practices6.D. Employees6.E. Share Ownership6.F. Disclosure of a registrant’s action to recover erroneously awarded compensationITEM7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS7.A. Major Shareholders7.B. Related Party Transactions7.C. Interests of Experts and CounselITEM8. FINANCIAL INFORMATION8.A. Consolidated Statements and Other Financial Information8.B. Significant ChangesITEM9. THE OFFER AND LISTING9.A. Offer and Listing Details9.B. Plan of Distribution9.C. Markets9.D. Selling Shareholders9.E. Dilution9.F. Expenses of the Issue ITEM10. ADDITIONAL INFORMATION8310.A. Share Capital8310.B. Memorandum and Articles of Association8310.C. Material Contracts8310.D. Exchange Controls8310.E. Taxation8410.F. Dividends and Paying Agents8610.G. Statement by Experts8710.H. Documents on Display8710.I. Subsidiary Information8710.J. Annual Report to Security Holders87ITEM11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK87ITEM12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES8712.A. Debt Securities8712.B. Warrants and Rights8712.C. Other Securities8712.D. American Depositary Shares88PARTII89ITEM13