梅花生物：梅花生物2025年年度报告（英文版）

AnnualReport2025 ThisisanEnglishtranslationfromtheAnnualReport2025,incaseofanyinconsistency,theChineseVersionshallprevail. ImportantInformation I.TheCompany’sboardofdirectors,directors,andofficersguaranteethatthecontentsofthisannualreportaretrue,accurate,andcompletewithoutanyfalserecords,misleadingstatements,ormaterialomissionsandbearjointandseverallegalliability. II.AlloftheCompany’sdirectorshaveattendedtheboardmeeting. III.RSMChinaCPALLP(SpecialGeneralPartnership)hasissuedanunqualifiedauditreportfortheCompany.IV.WangAijun,theprincipaloftheCompany,WangLihong,theaccountingprincipal,andWangAiling,theprincipaloftheaccountingbody(theaccountingofficer),herebydeclarethattheyguaranteethetruthfulness,accuracy,andcompletenessofthefinancialreportintheannualreport. V.Profitdistribution plan or capital reserve conversion plan for the Reporting Period asapprovedbytheBoard Upondeliberationandapprovalofthe2ndmeetingofthe11thsessionoftheboardofdirectors,theprofitdistribution plan(proposal)for 2025 is as follows:The Company plans to distribute cashdividendsbased on the total share capital registered on the equity distribution record date(afterdeductingsharesinthesharerepurchaseaccount).Acashdividendof0.4279yuanpershare(inclusiveoftax)willbedistributedtoallshareholders.AsofDecember31,2025,theCompanyhadatotalsharecapitalof2,804,241,650shares,basedonwhichtheestimatedtotalcashdividenddistributionamountsto1,199,935,002.04yuan(inclusiveoftax). Theplanisyettobesubmittedtothegeneralmeetingfordeliberation.TheamountthatisactuallydistributedwillbesubjecttothenotificationonequitydistributionpublishedbytheCompany.IfthereisanychangeintheCompany’stotalsharecapitalbeforetheregistrationdateofequitydistribution,thetotalamounttobedistributedwillremainunchanged,andthedistributionproportionpersharewillbeadjustedaccordingly. Thetotal cashdividends expectedto be distributedby theCompany for 2025,together with204,301,265.44yuanusedforsharebuybackandcancellationin2025,representsapproximately42.80%ofthenetprofitattributabletoshareholdersofthelistedcompanyfor2025. Asoftheendofthereportingperiod,theparentcompany'suncoveredlossesandtheirimpactonmatterssuchasthecompany'sdividenddistribution.□Applicable√Notapplicable VI.RiskDisclosureonForward-LookingStatements √ApplicableNotapplicable Thisannualreportinvolvesforward-lookingdescriptionssuchasfutureplans,andsuchstatementsdonotconstitutematerialcommitmentsforinvestors.Investorsareremindedtopayattentiontotheriskofinvestment. VII.Anyoccupationoffundsbythecontrollingshareholderorotheraffiliatesfornon-operatingpurposes No VIII.Anyexternalguaranteethatviolatesthedecision-makingproceduresNo IX.Isitthecasethatmorethanhalfofthedirectorscannotguaranteethetruthfulness,accuracy,andcompletenessoftheannualreportdisclosedbytheCompany?No X.WarningofKeyRisks ForthedetailsoftherisksfacingtheCompany,refertothe“PotentialRisks”partin“Section3DiscussionandAnalysisbytheManagement”andthe“RisksRelatedtoFinancialInstruments”partin“Section8FinancialReport”. XI.Miscellaneous □Applicable√Notapplicable Contents Section1Definitions............................................................................................................................5Section2CompanyOverviewandKeyFinancialIndicators.........................................................9Section3DiscussionandAnalysisbytheManagement................................................................14Section4CorporateGovernance,EnvironmentalandSocial......................................................52Section5SignificantMatters...........................................................................................................82Section6ShareChangesandShareholders...................................................................................99Section7InformationonSecurities..............................................................................................108Section8FinancialReport.............................................................................................................108 Section1 Definitions I.Definitions Section2 CompanyOverviewandKeyFinancialIndicators I.CompanyInformation II.ContactPersonandContactInformation III.BasicProfile IV.PlacesofInformationDisclosureandReportPlacement V.Company’sStockInformation VI.OtherRelevantInformation VII.KeyAccountingDataandFinancialIndicatorsfortheLastThreeYears (I).KeyAccountingData VIII.DifferencesinAccountingDataunderDomesticandForeignAccountingStandards (I).DifferencesinthenetprofitandthenetprofitattributabletotheshareholdersofthelistedcompanyinthefinancialreportdisclosedinaccordancewithboththeinternationalaccountingstandardsandtheChineseaccountingstandards Applicable√Notapplicable (II).Differencesinthenetprofitandthenetprofitattributabletotheshareholdersofthelistedcompanyin the financial report disclosed in accordance with both the foreign accountingstandardsandtheChineseaccountingstandards □Applicable√Notapplicable(III).Explanationofdifferencesbet