深纺织Ｂ2025年半年度报告（英文版）

Full text of 2025 Semi-annual Report of Shenzhen Textile (Holdings) Co., Ltd. 1 Shenzhen Textile (Holdings) Co., Ltd 2025 Semi-annual Report. August 2025 Full text of 2025 Semi-annual Report of Shenzhen Textile (Holdings) Co., Ltd. 2 Section I Important Notes, Table of Contents and Interpretations The Board of Directors, Board of Supervisors, directors, supervisors and senior officers of the Company guarantee the authenticity, accuracy and completeness of the contents of the semi-annual report, and bear individual and joint legal liabilities for any false records, misleading statements or major omissions. The Principal YIN Kefei, the Chief Finance Officer LIU Yu and the Chief Accountant(accounting supervisor) HUANG Min declare that they will ensure the authenticity, accuracy and completeness of the financial report in this semi-annual report. All directors have attended the board meeting at which this semi-annual report was considered. Forward-looking statements such as future development plans involved in this report do not constitute a substantial commitment by the Company to investors. Investors and related persons should maintain sufficient risk awareness and understand the differences between plans, forecasts and commitments. Investors are requested to pay attention to investment risks. The Company is exposed to macroeconomic risks, market risks, raw materials risks and intensified competition risks. Investors are advised to pay attention to investment risks. For details, please refer to "X. Risks and Countermeasures Faced by the Company" in"Section III Management Discussion and Analysis" of this report. The Company plans not to distribute cash dividends, issue bonus shares, or Full text of 2025 Semi-annual Report of Shenzhen Textile (Holdings) Co., Ltd. 3 increase share capital through capitalization of reserves. This report is prepared in Chinese and English respectively. In case of any ambiguity between the Chinese and foreign versions, the Chinese version shall prevail. Full text of 2025 Semi-annual Report of Shenzhen Textile (Holdings) Co., Ltd. 4 Table of Contents Section I Important Notes, Table of Contents and Interpretations ....................... 2 Section II Company Profile and Major Financial Indicators ................................. 7 Section III Management's Discussion and Analysis ............................................... 11 Section IV Corporate governance, Environment and Society .............................. 25 Section V Important Matters ................................................................................... 27 Section VI Changes in Shares and Shareholders ................................................... 34 Section VII. Bonds ..................................................................................................... 40 Section VIII Financial Reports ................................................................................ 41 Section IX Other Submitted Data ...........