深纺织Ｂ：2025年年度报告（英文版）

2025 Annual Report March 2026 2025 Annual Report Section I Important Notes, Table of Contents and Interpretations The Board of Directors, the directors, and the executives of the Company guarantee that there are nosignificant omissions, fictitious or misleading statements carried in the Report and we will accept individualand joint responsibilities for the truthfulness, accuracy and completeness of the Report. The Principal LI Gang, the Chief Finance Officer LIU Yu and the Chief Accountant (accounting supervisor)LI Zhenyu declare that they will ensure the authenticity, accuracy and completeness of the financial reportin this annual report. All directors attended the board meeting at which this report was considered. Forward-looking statements such as future development plans involved in this report do not constitute asubstantial commitment by the Company to investors. Investors and related persons should maintainsufficient risk awareness and understand the differences between plans, forecasts and commitments.Investors are requested to pay attention to investment risks. The Company is exposed to macroeconomic risks, market risks, raw materials risks and intensifiedcompetition risks. Investors are advised to pay attention to investment risks. For details, please refer to "XI.Outlook for the Company's Future Development (III) Possible Risks" in "Section III ManagementDiscussion and Analysis" of this report. The Board has approved a final dividend plan as follows: based on the total share capital of 506,521,849shares, a cash dividend of RMB0.48 (tax inclusive) per 10 shares is to be distributed to the shareholders,with no bonus issue from either profit or capital reserves. This report is prepared in Chinese and English respectively. In case of any ambiguity between the Chineseand foreign versions, the Chinese version shall prevail. Table of Contents Section I Important Notes, Table of Contents and Interpretations............................................................................2Section II Company Profile and Major Financial Indicators.....................................................................................6Section III Management's Discussion and Analysis................................................................................................10Section IV Corporate Governance, Environment and Society................................................................................29Section V Significant Events...................................................................................................................................49Section VI. Share Changes and Shareholder Information.......................................................................................58Section VII Bonds...................................................................................................................................................64Section VIII Financial Statements...........................................................................................................................65 List of Reference Documents I. Accounting statements bearing the signatures and seals of the legal representative, Finance Director and ChiefAccountant of the Company; II. The original audit report bearing the seal of the accounting firm and the signature and seal of the certifiedpublic accountant; III. The original of all the Company's documents and the original of the announcement that have been publiclydisclosed by the Company on the website designated by the China Securities Regulatory Commission during thereporting period. The above-mentioned documents are kept in the office of the Board of Directors for reference. Interpretations Section II Company Profile and Major Financial Indicators I. Information about the Company II. Contact person and contact information III. Information disclosure and storage location IV. Registration changes V. Other relevant information Accounting firm engaged by the Company Sponsor engaged by the Company to perform continuous supervision during the reporting period □ ApplicableNot applicable Financial consultant engaged by the Company to perform continuous supervision during the reporting period □ ApplicableNot applicable VI. Main accounting data and financial indicators Whether the Company needs to retroactively adjust or restate the accounting data of previous years ☐YesNo The net profit of the Company in the last three fiscal years before and after deducting non-recurring profit or lossis negative, and the audit report of the latest year shows that the going-concern ability of the Company is uncertain☐YesNo The lowest of the Company's audited total profit, net profit, and net profit attributable to the listed company’sshareholders after exceptional gains and losses during the reporting period was negative. ☐YesNo VII.Differences between accounting data under domestic and foreign accounting standards 1. Differences i