闽灿坤Ｂ：2025年年度报告（英文版）

2025AnnualReport March2026 2025AnnualReport SectionI.ImportantStatements,Contents&Terms TheBoardofDirectors,theSupervisoryCommitteeaswellasalldirectors,supervisorsandseniormanagementstaffofTsannKuen(China)EnterpriseCo.,Ltd.(hereinafterreferredtoas“theCompany”)warrantthatthisReportisfactual,accurateandcompletewithoutanyfalseinformation,misleadingstatementsormaterialomissions.Andtheyshallbejointlyandseverallyliableforthat. CaiYuansong,company principal,andWuJianhua,headoftheaccountingwork&theaccountingdivision(headofaccounting)jointlydeclarethatthefinancialstatementscarriedinthisReportarefactual,accurateandcomplete. Alldirectorshaveattendedtheboardmeetingtoreviewthisreport. Anyforward-lookingstatementsuchasthoseinvolvingthefutureoperationalplansinthisReportshallnotbeconsideredasvirtualpromisesoftheCompanytoinvestors.Andinvestorsarekindlyremindedtopayattentiontopossiblerisks. TheCompany’sprofitdistributionpreplanuponreviewandapprovalofthisboardmeeting:Basedon the total 185,391,680 shares,a cash dividend of RMB 1.0(tax included)will bedistributedforevery10sharesheldbyshareholders.Nobonusshareswillbegrantedandnocapitalreservewillbeturnedintosharecapital. ThisReport is prepared in both Chinese and English.Should there be any discrepancybetweenthetwoversions,theChineseversionshallprevail. Contents SectionI.ImportantStatements,Contents&Terms.................................................................2 SectionII.CompanyProfile&FinancialHighlights.................................................................5 SectionIII.ManagementDiscussion&Analysis.....................................................................10 SectionIV.CorporateGovernance,EnvironmentandSociety................................................33 SectionV:SignificantEvents....................................................................................................56 SectionVIShareholdingChangesandShareholderStatus.....................................................63 SectionVIIBonds.....................................................................................................................69 SectionVIIIFinancialReport..................................................................................................69 DocumentsAvailableforReference 1.Thefinancialstatementssignedandsealedbythecompanyprincipalandtheheadoftheaccountingwork&theaccountingdivision(headofaccounting)oftheCompany;2.TheoriginalAuditor’sReportsealedbytheCPAfirm,aswellassignedandsealedbytheCPAs;and3.TheoriginalsofalltheCompany’sdocumentsandannouncementswhichweredisclosedonthewebsitedesignatedbytheCSRCinthereportingperiod. Terms SectionII.CompanyProfile&FinancialHighlights I.BasicinformationoftheCompany II.Contactus III.AboutinformationdisclosureandwherethisReportisplaced IV.Changesintheregisteredinformation V.Otherinformation SponsorengagedbytheCompanytoconductsustainedsupervisionduringthereportingperiod ApplicableInapplicable Financialconsultant engaged by the Company to conduct sustained supervision during thereportingperiod VI.Accountingandfinancialhighlights DoestheCompanyadjustretrospectivelyorrestateaccountingdataofpreviousyears?YesNo Unit:Yuan Thelowerofthecompany'snetprofitbeforeandafterextraordinarygainsandlossesinthelastthreefiscalyearswasnegative,andtheauditreportofthelastyearshowsthatthecompany'sabilitytocontinueasagoingconcernisuncertain WhetherthelowerofthenetprofitattributabletoshareholdersoftheCompanybeforeandafterextraordinarygainsandlosseswasnegative YesNo TotalsharesoftheCompanyasatclosureofthelasttradingdaybeforethedisclosureofthisReport: VII.Differences between accounting data under domestic and overseas accountingstandards 1.Differences ofnetprofitandnetassets disclosedinfinancial reportspreparedunderinternationalandChineseaccountingstandards ApplicableInapplicable 2.Differences ofnetprofitandnetassets disclosedinfinancial reportspreparedunderoverseasandChineseaccountingstandards ApplicableInapplicable VIII.KeyFinancialIndicatorsbyQuarter Unit:Yuan IX.Extraordinarygainsandlosses ApplicableInapplicable Unit:Yuan ApplicableInapplicable Thecompanyhasnootherspecificitemsofincomeorexpensesthatmeetthedefinitionofnon-recurringgainsorlosses. AStatement on Defining Non-recurring Profit and Loss Items Listed in the InterpretativeAnnouncementNo.1ofInformationDisclosureforCompaniesIssuingSecuritiestothePublic-Non-recurringProfitandLoss ApplicableInapplicable SectionIII.ManagementDiscussion&Analysis I.MainBusinessActivitiesoftheCompanyDuringtheReportingPeriod Duringthe reporting period,the company's core business involved the development,production,and manufacturing of small household appliances in categories such as gourmetcooking,homehelpers,andtea/coffeeproducts.Italsodesignedandmanufacturedmoldsfortheseproducts,marketeditsmanufacturedgoodsbothdomesticallyandinternationally,andprovidedafter-salesservices.Thecompany'sbusinessmodelremainedlargelyunchangedthroughouttherepo