老板电器：2025年年度报告（英文版）

2025AnnualReport April2026 2025AnnualReport Section1ImportantNotes,ContentsandInterpretations TheBoardofDirectors,aswellasthedirectorsandseniormanagementofHangzhouRobamAppliancesCo.,Ltd.(theCompany)herebyguaranteethatthereare no false representations,misleading statements,or materialomissionsinthisAnnualReport(“theReport”),andareseverallyandjointlyliablefor the authenticity,accuracy and completeness of the informationcontainedherein. RenJianhua,the head of the Company,Zhang Guofu,the personinchargeof the Company’s accounting,and Zhang Guofu,the head of theaccountingbody(theaccountantincharge)herebydeclareandwarrantthatthefinancial report contained in the Report is authentic,accurate,andcomplete. AllthedirectorsattendedtheboardmeetingforreviewingtheReport. TheCompany's profit distribution plan approved by the Board ofDirectorsis as follows:based on the total of 944,938,916 shares,a cashdividendofRMB5(inclusiveoftax)willbedistributedtoallshareholdersforevery10sharesheld.Nobonusshares(inclusiveoftax)willbeissued,andtherewillbenocapitalreserveconvertedintocapitalstock. Contents Section1ImportantNotes,ContentsandInterpretations.....................................................................................2Section2CompanyProfileandMajorFinancialIndicators.................................................................................6Section3ManagementDiscussionandAnalysis...................................................................................................11Section4.CorporateGovernance,EnvironmentandSociety.............................................................................29Section5SignificantMatters..................................................................................................................................52Section6ChangesinSharesandShareholders....................................................................................................58Section7Bonds.........................................................................................................................................................65Section8FinancialReport......................................................................................................................................66 DocumentsAvailableforInspection 1.Financialstatementsbearingsignaturesandsealsofthelegalrepresentative,thepersoninchargeofaccountingaffairsandtheheadoftheaccountingbody. 2.TheoriginalauditreportaffixedwiththesealofShineWingCertifiedPublicAccountants(SpecialGeneralPartnership)andsignedandsealedbythecertifiedpublicaccountants. 3.OriginalcopiesofdocumentsandannouncementsoftheCompanypublishedinthenewspaperdesignatedbyChinaSecuritiesRegulatoryCommissionduringtheReportingPeriod. 4.TheCompany's2025AnnualReportsignedbythelegalrepresentative. Interpretations Section2CompanyProfileandMajorFinancialIndicators I.CompanyInformation II.ContactPersonandContactInformation III.InformationDisclosureandFilingLocation IV.ChangesinRegistration V.OtherInformation AccountingfirmengagedbytheCompany ThesponsorinstitutionengagedbytheCompanytoperformcontinuoussupervisiondutiesduringthereportingperiod □ApplicableNotapplicable ThefinancialadvisorengagedbytheCompanytoperformcontinuoussupervisiondutiesduringthereportingperiod□ApplicableNotapplicable VI.KeyAccountingDataandFinancialIndicators WhethertheCompanyneedstoretroactivelyadjustorrestatetheaccountingdataofpreviousyears: FullTextof2025AnnualReportHangzhouRobamAppliancesCo.,Ltd. Whetherthelowerofthenetprofitbeforeandafterdeductionofnon-recurringgainsandlossesforeachoftheCompany’smostrecentthreefiscalyearsisnegative,andwhetherthemostrecentauditreportindicatesuncertaintyregardingtheCompany’sabilitytocontinueasagoingconcern: □YesNo Whethertheloweroftheauditedtotalprofit,netprofit,andnetprofitafterdeductionofnon-recurringgainsandlossesforthereportingperiodisnegative: □YesNo VII.DifferencesinAccountingDataunderDomesticandForeignAccountingStandards 1.WhethertherearedifferencesinthenetprofitandnetassetdisclosedintheFinancialReportunderInternationalAccountingStandards(IAS)andChina’saccountingstandards: □ApplicableNotapplicable ThereisnodifferenceinthenetprofitandnetassetdisclosedintheFinancialReportunderIASandChina’saccountingstandardsduringthereportingperiod. 2.WhethertherearedifferencesinthenetprofitandnetassetdisclosedintheFinancialReportunderforeignaccountingstandardsandChina’saccountingstandardsduring: □ApplicableNotapplicable ThereisnodifferenceinthenetprofitandnetassetdisclosedintheFinancialReportunderforeignaccountingstandardsandChina’saccountingstandardsduringthereportingperiod. VIII.KeyQuarterlyFinancialIndicators InRMB FullTextof2025AnnualReportHangzhouRobamAppliancesCo.,Ltd. □YesNo IX.ItemsandAmountsofNon-recurringGainsandLosses Applicable□Notapplicable InRMB Otheritemsofgainsandlossesmeetingthedefinitionofnon-recurringgainsandlosses: □ApplicableNotapplicable TheCompanydoesnothaveotheritemsofgainsandlossesmeetingth