巨星科技：杭州巨星科技股份有限公司2024年年度报告

HangzhouGreat StarIndustrial Co., Ltd. 2024 Annual Report 2025-004 2024 Annual Report Section I Important Notice, Table of contents and Definitions The Board of Directors and the Board of Supervisors of the Company andits directors,supervisors and senior management hereby warrant that the information contained in thisannual report is true, accurate and complete without any fictitious records, misleadingstatements or material omissions, and severally and jointly assume legal responsibilitythereof. Qiu Jianping, person in charge of the Company, and Ni Shuyi, person in charge ofaccounting and person in charge of the accounting department (Accounting Officer), havedeclared that they warrant the truthfulness, accuracy and completeness of the financialstatements set out in this annual report. All directors of the Company were present in person at the Board of Directors' meeting forthe review of this Report. Forward-looking statements including future plans involved in this Report do not constitutethe Company's substantive commitments to investors. The investors and those who areinterested are advised to pay attention to relevant risks and understand the differencebetween plans, projections and commitments. The Reporthas described the Company's risk factors that may exist in its operations indetail in "Section III Discussion and Analysis of the Management, (XI) Prospects for theCompany's Future Development: Potential Risks". Please pay attention to the relevantcontents. The Company will not distribute cash dividend, issue bonus shares or transfer capitalreserve into share capital. Table of Contents Section I Important Notice, Table of contents and Definitions.....................................................................2Section II Company Profile and Key Financial Indicators.........................................................................11I. Company Information........................................................................................................................11II. Contact persons and contact methods.............................................................................................11III. Information Disclosure and Place for Inspection..........................................................................12IV. Changes in Registration Information.............................................................................................12V. Other Relevant Information..............................................................................................................12VI. Major Accounting Data and Financial Indicators........................................................................13VII. Difference in Accounting Data under Domestic and Overseas AccountingStandards................................................................................................................................................14VIII. Key Financial Indicators by Quarter..........................................................................................14IX. Items and Amounts of Non-recurring Gains and Losses..............................................................15Section III Discussion and Analysis of the Management............................................................................17I. Industry Overview During the Reporting Period............................................................................17II. Principal Business of the Company during the Reporting Period................................................17III. Core Competencies..........................................................................................................................18IV. Analysis of Principal Business.........................................................................................................19V. Analysis of Non-principal Business...................................................................................................57VI. Analysis of Assets and Liabilities....................................................................................................57VII. Analysis of Investment Status........................................................................................................62VIII. Sale of Major Assets and Equity..................................................................................................76IX. Analysis of Major Holding and Equity Participation Companies...............................................76X. Structural Subjects Under Control of the Company......................................................................78XI. Prospects for the Company's Future Development.......................................................................78XII. Activities Involving Hosting Research, Communication, Interviews, etc. inReporting Period....................................................................................................................................80 XIII. Formulation an