飞亚达Ｂ：2025年年度报告（英文版）

FIYTAPrecisionTechnologyCo.,Ltd. 2025AnnualReport March2026 2025AnnualReport Section1ImportantNotes,ContentsandDefinitions TheBoardofDirectors,directors,andseniormanagementoftheCompanywarrantthatthecontentsofthisAnnualReportaretrue,accurateandcomplete,andthattherearenofalserecords,misleadingstatements,ormaterialomissions,andtheywillbearindividualandjointlegalliability. ZhouJinqun,the person in charge of the Company,Song Yaoming,thepersoninchargeofaccounting,andJiangHaiming,theheadoftheaccountingdepartment(chiefaccountant),declaretoensurethetruthfulness,accuracyandcompletenessofthefinancialreportsinthisAnnualReport. Alldirectorshaveattendedtheboardmeetingtoreviewthisreport. Theforward-lookingstatementsinthisAnnualReport,suchasfutureplansanddevelopmentstrategies,donotconstituteasubstantialcommitmentbytheCompanytoinvestors.Investorsareadvisedtobeawareofinvestmentrisks. Thisreportdescribes theriskfactorsthattheCompanymayface.PleaserefertothesectionontheCompany'sfuturedevelopmentoutlookinSectionIIIManagementDiscussionandAnalysis. TheprofitdistributionplanapprovedbytheBoardofDirectorsisasfollows:basedonthetotalsharecapitalontherecorddateforthefutureimplementationoftheprofit distribution plan,a cash dividend of 1.20 yuan per 10 shares(taxincluded)will be distributed to all shareholders,with no bonus shares(taxincluded)andnoconversionofcapitalreserveintosharecapital. Thisreport is prepared in both Chinese and English.In case of anydiscrepancyintheinterpretationofthisreport,theChineseversionshallprevail. Contents Section1ImportantNotes,ContentsandDefinitions.........................................................................................2Section2CompanyProfileandKeyFinancialIndicators...................................................................................6Section3ManagementDiscussionandAnalysis..............................................................................................10Section4CorporateGovernance,EnvironmentandSociety..........................................................................31Section5ImportantMatters...................................................................................................................................55Section6ChangesinSharesandShareholders...............................................................................................63Section7Bond-relatedInformation......................................................................................................................73Section8FinancialReporting................................................................................................................................74 ListofReferenceDocuments I.Financialstatementssignedandsealedbythelegalrepresentative,chieffinancialofficer,andheadofthe accountingdepartment. III.Originalsofallcompanydocumentsandthedraftsofannouncementspubliclydisclosedduringthereportingperiod. IV.Fulltextof2025AnnualReportsignedbythelegalrepresentative. Interpretations Section2CompanyProfileandKeyFinancialIndicators I.CompanyProfile II.ContactInformation III.InformationDisclosureandLocationofDocumentPreparation IV.RegistrationChanges V.OtherRelevantInformation AccountingfirmengagedbytheCompany SponsorinstitutionengagedbytheCompanytoperformcontinuoussupervisorydutiesduringthereportingperiodNotapplicable FinancialadvisorengagedbytheCompanytoperformcontinuoussupervisorydutiesduringthereportingperiodNotapplicable VI.KeyAccountingDataandFinancialIndicators WhethertheCompanyneedstoretroactivelyadjustorrestateitsaccountingdataofpreviousyearsNo TheloweroftheCompany'snetprofitbeforeandafterdeductingnon-recurringgainsandlosseswasnegativeforthelastthreeconsecutivefiscalyears,andtheauditreportforthemostrecentyearindicatesuncertaintyabout theCompany'sabilityforcontinuousoperation No TheloweroftheCompany'stotalprofit,netprofit,andnetprofitafterdeductingnon-recurringgainsandlosses,asauditedforthereportingperiod,wasnegative No VII.DifferencesinAccountingDataunderDomesticandForeignAccountingStandards 1.DifferencesinnetprofitandnetassetsinfinancialreportsdisclosedsimultaneouslyunderInternationalAccountingStandardsandChineseAccountingStandards Notapplicable 2.DifferencesinnetprofitandnetassetsinfinancialreportsdisclosedsimultaneouslyunderforeignaccountingstandardsandChineseAccountingStandards Notapplicable VIII.KeyFinancialIndicatorsbyQuarter Unit:yuan No IX.Non-recurringGainsandLossesItemsandAmounts Unit:yuan Notapplicable Explanationofthecircumstanceswherenon-recurringprofitorlossitemslistedintheExplanatoryAnnouncementNo.1onInformationDisclosurebyCompaniesOfferingSecuritiestothePublic-Non-recurringProfitorLossaredefinedasrecurringprofitorlossitems Notapplicable Section3ManagementDiscussionandAnalysis I.Mainbusinessoperationsduringthereportingperiod Rootedinaviationprecisiontechnologyandmaterialscience,theCompanywasfoundedwiththemissionto"carryforwardthespiritofservingthenationthroughaviationandcreateaqualitylife."Over