山东极视角科技股份有限公司2025年报

(a joint stock company incorporated in the People’s Republic of China with limited liability) Stock Code6636 2025ANNUAL REPORT CONTENTS 2Company Information5Financial Highlights6Business Review10Management Discussion and Analysis19Directors’ Report47Directors and Senior Management57Corporate Governance Report84Environmental, Social and Governance Report152Independent Auditor’s Report162Consolidated Statement of Profit or Loss and OtherComprehensive Income163Consolidated Statement of Financial Position165Consolidated Statement of Changes in Equity167Consolidated Statement of Cash Flows170Notes to Financial Statements287Definitions 2SHANDONG EXTREME VISION TECHNOLOGY CO., LTD.Annual Report 2025 COMPANY INFORMATION DIRECTORS Mr. CHAN Chan Kit ()(Chairman)Ms. LUO Yun ()Mr. CHEN Shuo () Independent Non-executive Directors Dr. NIU Baozhuang ()Dr. LIU Shijie ()Mr. LI Changzhen ()Mr. CHEUNG Che Kit Richard () AUDIT COMMITTEE Mr. LI Changzhen ()(Chairperson)Dr. LIU Shijie ()Dr. NIU Baozhuang () REMUNERATION AND APPRAISALCOMMITTEE Dr. LIU Shijie ()(Chairperson)Mr. LI Changzhen ()Mr. CHAN Chan Kit () NOMINATION COMMITTEE Dr. NIU Baozhuang ()(Chairperson)Dr. LIU Shijie ()Mr. CHEUNG Che Kit Richard ()Mr. CHAN Chan Kit ()Ms. LUO Yun () JOINT COMPANY SECRETARIES Mr. XU Lei ()Ms. CHAN Yee Lam ()(an associate of the Hong Kong Chartered GovernanceInstitute and The Chartered Governance Institute in theUnited Kingdom) COMPLIANCE ADVISOR 12813B Innovax Capital LimitedRoom B, 13/FNeich Tower128 Gloucester RoadWan ChaiHong Kong 32025山東極視角科技股份有限公司COMPANY INFORMATION H H SHARE REGISTRAR 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKS 9015–3 China Merchants Bank Shenzhen OverseasChinese Town Sub-branchNo. 9015–3 Shennan AvenueNanshan DistrictShenzhen, Guangdong ProvincePRC 65 Bank of China Co., Ltd., Qingdao West CoastNew Area BranchNo. 65 Xiangjiang RoadHuangdao District, QingdaoShandong ProvincePRC REGISTERED OFFICE, HEAD OFFICE ANDPRINCIPAL PLACE OF BUSINESS IN THEPRC 571201 Room 1201Jingkong BuildingNo. 57, Lushan RoadHuangdao District, QingdaoShandong ProvincePRC PRINCIPAL PLACE OF BUSINESS IN HONGKONG 131 31/F, Tower Two, Times Square1 Matheson StreetCauseway BayHong Kong AUDITOR 97927 Ernst & YoungCertified Public Accountants27/F, One Taikoo Place, 979 King’s RoadQuarry Bay, Hong Kong SAR 4SHANDONG EXTREME VISION TECHNOLOGY CO., LTD.Annual Report 2025 COMPANY INFORMATION AUTHORISED REPRESENTATIVES Mr. CHAN Chan Kit ()Ms. CHAN Yee Lam () 6636 STOCK CODE6636 8353502–03 LEGAL ADVISOR TO THE COMPANY Jia Yuan Law OfficeRoom 3502–03, 35/F, One Exchange Square8 Connaught Place, Central, Hong Kong SAR www.extremevision.com.cn COMPANY WEBSITEwww.extremevision.com.cn FINANCIAL HIGHLIGHTS 6SHANDONG EXTREME VISION TECHNOLOGY CO., LTD.Annual Report 2025 BUSINESS REVIEW OUR BUSINESS STRATEGIES ANDOUTLOOK AI2024 We are an AI computer vision and large model solutionprovider in C h i n a , d e l i v e r i n g e n d -to-end solutiondevelopment, deployment and management services toenterprises across diverse industries. According to Frost &Sullivan (Beijing) Inc., Shanghai Branch Co., we rankedeighth in China’s emerging computer vision solution marketby revenue in 2024. Our business entails the following operations: •AIAIAIAI •AI Computer Vision Solutions.We offer standard AIcomputer vision solutions, customized AI computervision solutions and software-defined All-in-One AIsolutions. AIAIAIAI Standard AI Computer Vision Solutions.Ourstandard AI computer vision solutions comprisestandard AI computer vision algorithms, ExtremeStars and Extreme Flow. For standard AIcomputer vision algorithms, we select theappropriate algorithms from our marketplace anddeliver them to our customers directly. AIAI Customized AI Computer Vision Solutions.Based on enterprises’ business needs ands p e c i f i cr e q u i r e m e n t s ,w e a l s o p r o v i d ecustomized AI computer vision solutions tailoredto their unique application scenarios. AIAIAI Software-Defined All-in-One AI Solutions.Oursoftware-defined All-in-One AI solutions includestandard and customized computer visiona l g o r i t h m s ,p l a t f o r m s( w i t h c u s t o m i z e dfunctionality as required), customized softwareand related services and devices to provideeasy-to-use and ready-to-use one-stop AIsolutions. •RAG •Large Model Solutions.We adopt general-purposelarge models to meet our customers’ diverse needs byincorporating their industry and operational knowledge.By using advanced technologies such as multi-agentoptimization, RAG and our scenario-based algorithms,we provide customized large model solutions designedfor enterprise professional use. Going forward, we plan to implement the followingstrategies, which we believe will strengthen our marketposition, increase our market share and capture the growthin our industry: •AI••AI•• •Enhancing our infrastructure pl