拓邦股份2025年半年度报告（英文版）

Full Text of the Semi-annual Report 2025 of Shenzhen Topband Co., Ltd.1Semi-annualReport 2025Shenzhen Topband Co., Ltd.Stock codeAugust 2025Full Text of the Semi-annual Report 2025 of Shenzhen Topband Co., Ltd.2Semi-annual Report 2025Section I Important Notes, Contents and DefinitionsThe Board of Directors, the Board of Supervisors and directors, supervisors and seniorexecutives of the Company hereby assure that the content set out in the semi-annual report is true,accurate and complete. It shall be free from false records, misleading statements or majoromissions, and shall bear individual and joint legal liabilities therein.Wu Yongqiang, Chairman of the Company, and Luo Muchen, head of accounting and theaccounting department, hereby declare that: the data disclosed in financial reports of the semi-annual report is true, accurate and complete.All directors have attended the Board Meeting at which this Semi-annual Report wasscrutinized.Forward-looking statements such as future plans and development strategies covered in theReport involve uncertainty, so they do not represent the Company's profit forecasts, nor are theyregarded as the substantive commitment to investors.The Company is not faced with significant risks affecting its financial position andsustainable profitability, but may be with such risks as adverse effects on business confidence andinvestment due to trade frictions and geopolitical tensions, technology upgrading, fluctuations inthe prices of raw materials, fluctuations in exchange rates, and customer credit risks. For moredetailed risk information, please see "Risks faced by the Company and countermeasures" inSection III of the Report. Investors are kindly requested to be alert to investment risks.The Company plans not to pay cash dividend, to issue bonus shares, or to increase the sharecapital by capital reserve.The Report is prepared in Chinese and translated into English. Should there be anydiscrepancies or misunderstandings between the two versions, the Chinese version shall prevail.Full Text of the Semi-annual Report 2025 of Shenzhen Topband Co., Ltd.3ContentsSection I Important Notes, Contents and Definitions.....................................................................2Section II Company Profile and Primary Financial Indicators.................................................... 6Section III Management Discussion and Analysis........................................................................10Section IV Corporate Governance, Environment and Society....................................................30Section V Important Matters..........................................................................................................35Section VI Share Change and Shareholders................................................................................. 42Section VII Information on Bonds................................................................................................. 49Section VIII Financial Repor