杭叉集团：杭叉集团股份有限公司2025年年度报告全文（英文版）

HangchaGroupCo.,Ltd.2025AnnualReport April2026 ImportantNotes 1.TheBoardofDirectorsandtheBoardofSupervisorsoftheCompanyanditsdirectors,supervisorsandseniorexecutivesherebywarrantthattheinformationcontainedinthisannualreport is true,accurate and complete without any fictitious records,misleadingstatementsor material omissions,and severally and jointly assume legal responsibilitythereof. 2.AllthedirectorsoftheCompanyattendedthemeetingoftheBoardofDirectors. 3.Pan-ChinaCertifiedPublicAccountantsLLP(SpecialGeneralPartnership)hasissuedastandardunqualifiedauditreportfortheCompany. 4.ZhaoLimin,thepersoninchargeoftheCompany,ZhangShutong,theofficerinchargeofaccountingworkandYuanGuanghui,theofficerinchargeoftheaccountinginstitution(AccountingOfficer),herebydeclareandwarrantthatthefinancialstatementsintheannualreportareauthentic,accurate,andcomplete. 5.Theprofit distribution plan or the plan for converting public reserve funds intoadditionalshare capital for the Reporting Period after consideration by the Board ofDirectors AccordingtoPan-ChinaAudit[2026]No.7708issuedbyPan-ChinaCertifiedPublicAccountantsLLP,asofDecember31,2025,theconsolidatedfinancialstatementsoftheCompanyindicatedoperatingrevenueofRMB17,738,651,997.86,netprofitattributabletoshareholdersofthelistedcompanyamountedto RMB2,191,315,695.90,anddistributable profitavailable totheparentcompanyattheendoftheperiodwasRMB6,906,647,393.44.Neitherstatutorysurplusreservenordiscretionarysurplusreservewasaccruedfortheyear.Consideringthefuturecapitalrequirements,cashflow,andsustainedreturnstoshareholders,theBoardofDirectorsresolvedonthefollowingprofitdistributionplan: 1.TheCompanyintendstopayacashdividendofRMB4(taxinclusive)per10sharestoallshareholders.AsofDecember31,2025,basedonthetotalsharecapitalof1,309,812,0499sharesoftheCompany,thetotalcashdividendamounttobedistributedisRMB523,924,819.60(taxinclusive).Thetotalcashdividendsrepresent23.91%ofthenetprofitattributabletoshareholdersofthelistedcompany for2025.Theremainingundistributedprofitsof theparentcompany,amountingtoRMB6,382,722,573.84,arecarriedovertothefollowingyear. OnNovember26,2025,theCompanyimplementedtheequitydistributionforthefirstthreequartersof 2025,distributing a cash dividend of RMB2.00(tax inclusive)per 10 shares,amountingtoatotalofRMB261,962,409.80.Fordetails,pleaserefertotheAnnouncementontheImplementationofEquityDistributionfortheFirstThreeQuartersof2025(AnnouncementNo.2025-062). ThecashdividendsdistributedbytheCompanyfor2025totalledRMB785,887,229.40,accounting The2025AnnualReportofHangchaGroupCo.,Ltd.for35.86%ofthenetprofitattributabletoshareholdersofthelistedcompanyfor2025.2.Nobonusshareswillbeissued,norwillthecapitalreservebeconvertedintosharecapitalthisyear.IncaseofanychangetothetotalsharecapitaloftheCompanypriortotheregistrationdatefortheequitydistribution,the per-share distribution amount will remain unchanged,while the totaldistributionamountwillbeadjustedaccordingly.Theprofitdistributionplanissubjecttothedeliberationatthe2025AnnualGeneralMeetingoftheCompany.UnrecoveredLossesintheParentCompanyasoftheEndoftheReportingPeriodandtheImpactthereofontheCompany'sDividendandOtherMatters"□Applicable""√Notapplicable"6.Riskstatementregardingforward-lookingstatements"√Applicable""□Notapplicable"Theforward-lookingstatementscarriedinthisreport,suchasfutureplans,donotconstituteanysubstantialcommitmentsoftheCompanytoinvestors.Pleasebecautiousabouttheinvestmentrisks.7.Whetherthereisanynon-operatingcapitaloccupationbythecontrollingshareholderandanyotherrelatedpartyNo8.Whetherthere is any external guarantee provided in violation of the prescribeddecision-makingproceduresNo9.Whetherthere are more than half of the directors who cannot guarantee theauthenticity,accuracyandcompletenessoftheannualreportdisclosedbytheCompanyNo10.SignificantriskstatementTheReporthasdescribedthesignificantrisksthatmayadverselyaffectthefuturedevelopmentoftheCompanyandtherealizationofitsbusinessobjectivesindetailin"SectionIIIManagementDiscussionandAnalysis”.Apartfromthis,therearenoothersignificantrisksthattheCompanyneedstodiscloseseparately.11.Other"□Applicable""√Notapplicable" TableofContents Chapter1Definitions........................................................................................................................5Chapter2CompanyProfileandKeyFinancialIndicators...............................................................9Chapter3ManagementDiscussionandAnalysis...........................................................................14Chapter4Environmental,Social,andCorporateGovernance.......................................................58Chapter5ImportantMatters...........................................................................................................87Chapter6ShareChangesandShareholderInformation..............................................................105Chapter7Bond-RelatedInformation............................................................................................111Chapter