盈峰环境：2025年年度报告(英文版）

2025AnnualReport PartIImportantNotice,TableofContentsandDefinitions TheBoardofDirectorsaswellasthedirectorsandseniorofficersofInforeEnvironmentTechnologyGroupCo.,Ltd.warrantthattheinformationinthis report includes no misrepresentations,misleading statements ormaterialomissions,and jointly and severally accept liability for thetruthfulness,accuracyandcompletenessofinformationinthisreport. MaGang,theCompany'slegalrepresentative,WangQingbo,CFOandDirectorofFinanceoftheCompany,andWuShanshan,headoftheaccountingdepartment(equivalenttoaccountingmanager)oftheCompany,warrantthatthefinancialstatementsintheAnnualReportaretrue,accurateandcomplete. AlldirectorsoftheCompanyattendedtheBoardmeetingtoreviewthisreport. Anyforward-lookingstatementssuchasfutureplansmentionedinthisreportshallnotbeconsideredaspromisestoinvestors.Investorsareadvisedtopayattentiontopossibleinvestmentrisks. TheBoardhasapprovedaproposalondividendplanasfollows:Basedonthetotalsharecapital(minussharesintheCompany'srepurchaseaccount)onthedateofrecordforthe2025finaldividendplan,acashdividendofRMB1.30(taxinclusive)per10shareswillbedistributedtotheshareholders,withnoconversionofthecapitalreservetosharecapital. Contents PartIImportantNotice,TableofContentsandDefinitions..........................................................2PartIICompanyProfileandPrincipalFinancialIndicators........................................................6PartIIIManagementDiscussionandAnalysis.............................................................................12PartIVCorporateGovernance,EnvironmentandSociety.........................................................55PartVSignificantEvents................................................................................................................82PartVIShareChangesandShareholderInformation...............................................................106PartVIIInformationonBonds....................................................................................................115PartVIIIFinancialReport...........................................................................................................120 DocumentsAvailableforReference (I)FinancialstatementswithsignaturesandsealsofthelegalrepresentativeoftheCompany,CFOandDirectorofFinanceoftheCompany,andheadoftheaccountingdepartmentoftheCompany. (II)Originalauditreportwiththesealoftheaccountingfirm,andsignedandstampedbycertifiedpublicaccountants(CPAs). (III)OriginalsofallcorporatedocumentsandannouncementspubliclydisclosedonthewebsitedesignatedbytheCSRCduringthereportingperiod. TheoriginalsandlegallyeffectivephotocopiesoftheaforesaiddocumentsareavailableattheCompanyandthestockexchangeforinspectionbyinvestors. Definitions PartIICompanyProfileandPrincipalFinancialIndicators I.CompanyInformation II.ContactDetails III.InformationDisclosureandAccess IV.ChangestoRegisteredInformation V.OtherRelevantInformation TheaccountingfirmengagedbytheCompany Authorizedsignatories VI.MajorAccountingDataandFinancialIndicators WhethertheCompanyneedstoretroactivelyadjustorrestatepreviousyears'accountingdata Thelowerofnetprofitbeforeandafternon-recurringgainsandlossesisnegativeforthemostrecentthreefiscalyears,andthelatestauditor'sreportshowsthereisuncertaintyastotheCompany'sabilitytocontinueasagoingconcern □YesNo Duringthereportingperiod,theloweroftotalauditedprofit,netprofit,andnetprofitafternon-recurringgainsandlossesisnegative □YesNo VII.AccountingDataDifferencesArisingfromDomestic/OverseasAccountingStandards 1.DifferencesinnetprofitandnetassetsunderChineseAccountingStandardsandInternationalAccountingStandards □ApplicableNotapplicableNosuchdifferencesduringthereportingperiod. 2.DifferencesinnetprofitandnetassetsunderChineseAccountingStandardsandOverseasAccountingStandards □ApplicableNotapplicableNosuchdifferencesduringthereportingperiod. VIII.QuarterlyPrincipalFinancialIndicators Unit:RMB □YesNo IX.Non-recurringGainsandLossesItemsandAmounts Applicable□NotApplicable Unit:RMB □ApplicableNotapplicable Nosuchcasesduringthereportingperiod. Explanationofclassificationofnon-recurringgainsandlosseslistedintheExplanatoryAnnouncementNo.1onInformationDisclosurebyCompaniesOfferingSecuritiestothePublic—Non-recurringGainsandLossesasrecurringgainsandlosses □ApplicableNotapplicable Nosuchcasesduringthereportingperiod. PartIIIManagementDiscussionandAnalysis I.PrincipalBusinessDuringtheReportingPeriod InforeEnviro(Stockcode:000967)isatechnology-basedenterprisefocusedontheintegrateddevelopmentofenvironmentalservicesandintelligenttechnologies.TheCompanyiscommittedtobecomingthemostrespectedandtrustedleaderinprovidingintelligentequipmentandserviceswithcleaningrobotsatitscore.Asattheendofthereportingperiod,theCompanyhad343subsidiaries,establishing3majorindustrialbasesinChangsha,Foshan,andShaoxingacrossthecountry,and2overseasfactoriesinThailandandItaly,formingaglobalmanufacturingandservicenetwork.Operating22R&Dplatformsand361serviceoutlets,itprovidescompr