方大Ｂ：2026年半年度报告（英文版）

2026InterimReport August2026 Chapter1ImportantStatement,TableofContentsandDefinitions ThemembersoftheBoardofDirectorsandtheseniormanagementguaranteethattheannouncementisfreefromanyfalseinformation,misleadingstatementormaterialomissionandarejointlyandseverallyliablefortheinformation'struthfulness,accuracyandintegrity. Mr.XiongJianming,theCompany'sprincipalofficer;Mr.LinKebin,theofficerinchargeofaccountingaffairs;andMs.WangHuan,headoftheaccountingdepartment(chiefaccountingofficer),declarethattheyguaranteethetruthfulness,accuracy,andcompletenessofthefinancialstatementsincludedinthisinterimreport. AlltheDirectorshaveattendedthemeetingoftheboardmeetingatwhichthisreportwasexamined. Thissemi-annualreportcontainsforward-lookingstatementssuchasfutureplans,whichdonotconstituteasubstantialcommitmentbytheCompanytoinvestors.Investorsandrelatedpartiesshouldmaintainsufficientriskawarenessandunderstandthedifferencesbetweenplans,forecasts,andcommitments. TheCompanyhasdetailedthepotentialrisksthecompanymayfaceinthisreport.PleaserefertothesectionX.RisksandCountermeasuresFacedbytheCompanyinChapter3ManagementDiscussionandAnalysisformoreinformation. TheCompanywilldistributenocashdividendsorbonussharesandhasnoreservecapitalizationplan. TableofContents ChapterIIAbouttheCompanyandFinancialHighlights....................................................................................7I.CompanyProfile.............................................................................................................................................7II.Contactsandliaisons....................................................................................................................................7III.OtherInformation.......................................................................................................................................7IV.FinancialHighlight......................................................................................................................................8V.Differencesinaccountingdataunderdomesticandforeignaccountingstandards..............................8VI.Accidentalgain/lossitemandamount.......................................................................................................9ChapterIIIManagementDiscussionandAnalysis..............................................................................................10I.MajorbusinessesoftheCompanyduringthereportperiod...................................................................10II.CoreCompetitivenessAnalysis.................................................................................................................19III.IndustrySituationDuringtheReportingPeriod...................................................................................24III.Corebusinessanalysis...............................................................................................................................31IV.Non-corebusinessanalysis........................................................................................................................34V.AssetsandLiabilities...................................................................................................................................35VI.Investment..................................................................................................................................................37VII.Majorassetsandequitysales..................................................................................................................39VIII.Analysisofmajorjointstockcompanies..............................................................................................40IX.StructuralentitiescontrolledbytheCompany......................................................................................40X.RisksfacingtheCompanyandmeasures.................................................................................................40XI.FormulationandImplementationoftheMarketCapitalizationManagementSystemandValuationEnhancementPlan.........................................................................................................................42XII.Implementationofthe"DualEnhancementofQualityandReturns"ActionPlan.........................42ChapterIVCorporateGovernance,Environment,andSociety.........................................................................44I.ChangesinDirectorsandSeniorManagementoftheCompany............................................................44II.ProfitDistributionandReserveCapitalizationintheReportPeriod...................................................44III.ShareIncentiveSchemes,StaffShareholdingProgramorOtherIncentivePlans............................44IV.DisclosureofEnvironmentalInformation..............................................................................................44V.SocialResponsibility.........................................................................................................................