拓邦股份：2025年年度报告（英文版）

AnnualReport ShenzhenTopbandCo.,Ltd. AnnualReport2025 SectionIImportantNotes,ContentsandDefinitions TheBoardofDirectors,directors,andseniorexecutivesoftheCompanyherebyguaranteethatthecontentsetoutintheAnnualReportisfreefromfalserecords,misleadingstatementsormajoromissions,andundertakejointandseveralliabilitiesfortheauthenticity,accuracyandintegrityoftheReport. WuYongqiang,theprincipaloftheCompany,LuoMuchen,theaccountinghead,andLuoMuchen,theaccountingdepartmenthead(theaccountantincharge)herebyguaranteethetruth,accuracyandcompletenessofthefinancialstatementsinthisAnnualReport. AlldirectorshaveattendedtheBoardMeetingatwhichthisAnnualReportwasdeliberated. Forward-lookingstatementssuchasfutureplansanddevelopmentstrategiescoveredintheReportinvolveuncertainties,sotheydonotrepresenttheCompany'sprofitforecasts,noraretheyregardedasthesubstantivecommitmenttoinvestors. TheCompany has no material risks that affect its financial position and sustainedprofitability,andthepotentialriskstowhichtheCompanymaybeexposedaredescribedindetailinSection III"Management Discussion and Analysis"of the Report.Investors are kindlyremindedtopayattentiontorelevantcontent. Theprofitdistributionplanapproved bytheBoardofDirectorsoftheCompany:cashdividendsofRMB0.7(taxinclusive)per10sharesarepaidtoallshareholdersbasedonthe1,228,789,388shares(excludingtherepurchasedshares)and0bonusshare(taxinclusive),andreserveswouldnotbeconvertedintosharecapital. TheReport is prepared in Chinese and translated into English.Should there be anydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionshallprevail. Chairman'sStatement Dearshareholders,partners,andallfriendscaringaboutTopband, 30YearsofTopband In2026,Topbandwillcelebrateits30thanniversary.30yearsago,westartedwithadomesticallyproducedairconditionercontrolboard.Now,wehaveexpandedgraduallytofieldssuchashomeappliances,tools,newenergy,vehicles,andhigh-endequipment,andestablishedanintelligentcontroltechnologyproductsystemwiththe"fourelectricsandonenetwork"atitscore.Relyingonlong-termexperience,theCompany'srevenueexceededRMB10billion forthefirst timein2024,becomingthefirst enterprisetobreak through thismilestonein China's intelligent control industry;in 2025,the Company's business scaleexpandedsteadily,andtheCompanyalsolaunchedAIcloudstorageandchargingsystems,takingthefirststepinthefieldofautonomousintelligence. Overthepastthreedecades,Topbandhasshippedover1.8billionsets,appliedfor3,915patents,establishedlocalizedoperationteamsinmajormarketsworldwide,andemployedover10,000people–alwaysadheringtothesamemission:makingtheworldsmarterandmorelow-carbon. 2025BusinessReview In2025,theCompany'srevenuewasRMB11.082billion,growingsteadilyonthebasisofRMB10billion,andfurtherimprovinginoveralloperationquality.Inthepastyear,externalchallengesremainedformidable–thedeepadjustmentinthetradepattern,therapidevolutionofAI,andtheacceleratediterationofterminaldemand.However,ourconfidenceinthedirectionisevenstronger:Behindthesteadygrowthisthecontinuousreleaseofvaluefromourcustomerstructure,technologicalaccumulation,andgloballayout. Intermsofintelligentcontrol,themajormarketsofhomeappliancesandtoolshavegrownsteadily,andthecooperationwithtopcustomershaskeptdeepening;theautomotiveandhigh- endequipmentmarkethasboomed,andtheroomforemergingapplicationssuchasrobots,AIdatacenters,andenergyhasbeenopenedupsuccessively;thenewenergybusinesshasmadebreakthroughsinkeyareasandgraduallyreleaseditsgrowthpotential. Inthemeantime,thedevelopmentoftheintelligentcontrolbusinesshasalsospawnedanewproductdirection–autonomousintelligenceproducts.So-calledautonomousintelligenceisbasedonhardware,pivotedonthecloud,anddrivenbyAI,withdataconstantlycirculatingamongthem,allowingproductstomovefrompassiveresponsetoautonomousdecision-making,andmakingthemincreasinglyintelligentastheyareused.Thesuccessfulimplementationofthefirstbatchofcloudstorageandchargingsystemprojectsisthefirstsystematicverificationofthisconcept.Basedonself-developedBMS,PCS,EMSandpowermodules,productshaveexcellenthardwareexecutioncapabilities;thecloudaggregates multidimensionaldatasuchas electricityprices,weather,loads,and equipment operation,providing a basisfor AI to outputoptimalO&Mstrategiesdynamically;asthedeploymentscaleexpands,operationaldatakeepsfeedingbackAIiteration,andthesystemachieves"increasinglyintelligent"autonomousevolutionasitisused. From"fourelectricsandonenetwork"to"fourelectricsandonenetwork+AI" IntheAIera,Topband'stechnologicalfoundationisupgradingfromthe"fourelectricsandonenetwork"tothe"fourelectricsandonenetwork+AI".Forthepastthreedecades,the"fourelectricsandonenetwork"haveformedasolidfoundationfortheintelligentcontrolera;whenthewaveofAIarrives,thisfoundationisnotoutdated,buthasgainednewroomforrelease.Thisisnotasubversionofexistingcapabilities,butanextensionofcapabilitiesthatfollowsthetrend–bothstemmingfromyearsofendogenousaccumulationandbenefitingfromexternalcatalysisbyAItechnology. Fortheintelligent controlbusiness,the"fourelectrics and