张 裕Ｂ：2026年半年度报告（英文版）

2026Semi-annualReport August21,2026 TableofContents I、ImportantNotice,TableofContentsandDefinition.................................................................3II、BriefIntroductionfortheCompanyandMainFinancialIndicators..................................6III、DiscussionandAnalysisofManagementTeam....................................................................9IV、CorporateGovernance,EnvironmentalandSocialResponsibility..................................27V、Majorissues.............................................................................................................................29VI、ChangesinSharesandtheShareholders'Situation..........................................................36VII、RelatedSituationofBonds..................................................................................................43VIII、FinancialReport...................................................................................................................43 I.ImportantNotice,TableofContentsandDefinition Theboard of directors,directors and senior executives of the Company guarantee thetruthfulness,accuracyandcompletenessofthecontentscontainedinthesemi-annualreportwithno false records,misleading statements or significant omissions,and undertakeindividualandjointlegalliabilities. Mr.HongjiangZHOU(PersoninchargeoftheCompany)andMs.CuimeiGUO(Personinchargeofaccountingwork,Personinchargeofaccountingorgan&Accountantincharge)assurethetruthfulness,accuracyandcompletenessofthefinancialreportinthesemi-annualreport. Exceptforthefollowingdirectors,otherdirectorsattendedthisboardmeetingforreviewingthissemi-annualreportinperson. Forward-lookingstatementssuchasfutureplansanddevelopmentstrategiescoveredinthisreportdonotconstituteasubstantialcommitmentoftheCompanytoinvestors.Investorsareadvisedtopayattentiontoinvestmentrisks. RegardingsignificantrisksthattheCompanymayfaceduringthebusinessprocess,pleasereferto“10.Risksandresponsemeasures”in“IIIDiscussionandAnalysisofManagementTeam”inthisreport.Investorsaresuggestedtoreadcarefullyandpayattentiontoinvestmentrisks. TheCompanyhasnoplantodistributecashdividendsandbonussharesandcapitalreservewillnotbetransferredtoequity. ReferenceDocuments (1)Theoriginalof2026Semi-annualReportautographedbytheChairman.(2)TheFinancialStatementsautographedandsealedbytheChairman,ChiefAccountantandAccountantsinCharge.(3)TheProspectusandPublicOfferingAnnouncementforStockBin1997;TheProspectusandTheShares'Change&PublicOfferingAnnouncementforStockAin2000.(4)TheoriginalsofalldocumentsandannouncementsthattheCompanymadepublicduringthereportperiodinthenewspapersdesignatedbyChinaSecuritiesRegulatoryCommission. Definition II.BriefIntroductionfortheCompanyandMainFinancialIndicators 2.Contactpersonandinformation 3.Otherinformation 1)ContactinformationoftheCompany Whetherthere is any change in the Company's registered address,office address,correspondingpostcode,websiteaddressandemailaddressduringthereportperiod □Applicable☑Inapplicable Thereis no change in the Company's registered address,office address,correspondingpostcode,websiteaddressandemailaddressduringthereportperiod.Pleasereferto2025AnnualReportfordetailedinformation. 2)Informationdisclosureandfilinglocation Whetherthereisanychangeininformationdisclosureandfilinglocationduringthereportperiod □Applicable☑Inapplicable Thereisnochangeinthenameofthenewspaperforinformationdisclosure,theaddressofthewebsitedesignatedbytheChinaSecuritiesRegulatoryCommissionforpublishingthesemi-annualreport,andthefilinglocationoftheCompany'ssemi-annualreportselectedbytheCompanyduringthereportperiod.Pleasereferto2025AnnualReport fordetailedinformation. 3)Otherrelevantinformation Whetherthereisanychangeinotherrelevantinformationduringthereportperiod □Applicable☑Inapplicable 4.Keyaccountingdataandfinancialindicators Whetherthe Company needs to retrospectively adjust or restate the accounting data ofpreviousfiscalyears. ☐Yes☑No 5.DifferencesinaccountingdataunderPRCaccountingstandardsandinternationalaccountingstandards 1)DifferencesofnetprofitandnetassetinthefinancialreportdisclosedaccordingtobothinternationalaccountingstandardsandPRCaccountingstandard □Applicable☑Inapplicable Thereare no differences for net profit and net assets in the financial report disclosedaccordingtobothinternationalaccountingstandardsandPRCaccountingstandardsduringthereportperiod. 2)DifferencesofnetprofitandnetassetinthefinancialreportdisclosedaccordingtobothforeignaccountingstandardsandPRCaccountingstandards □Applicable☑Inapplicable TherearenodifferencesofnetprofitandnetassetinthefinancialreportdisclosedaccordingtobothforeignaccountingstandardsandPRCaccountingstandardsduringthereportperiod. 6.Itemandamountofnon-recurringgainsandlosses ☑Applicable☐Inapplicable Unit：CNY Specificsituation of other gains and losses projects conforming to the definition ofnon-recurringprofitandloss □Applicable☑Inapplicable Theredoesnotexistspecificsituationofotherprofitandlossitemsconformi