2025年年度报告（英文版）

Foshan Electrical and Lighting Co., Ltd.Annual Report 20251FOSHAN ELECTRICALAND LIGHTING CO., LTD.ANNUAL REPORT 2025April 2026Foshan Electrical and Lighting Co., Ltd.Annual Report 20252ANNUAL REPORT 2025Part I Important Notes, Table of Contents and DefinitionsThe Board of Directors (or the “Board”) as well as the directors and seniormanagement of Foshan Electrical and Lighting Co., Ltd. (hereinafter referred to as the“Company”) hereby guarantee the factuality, accuracy and completeness of the contents ofthis Report and its summary, and shall be jointly and severally liable for anymisrepresentations, misleading statements or material omissions therein.Yu Zhongmin, the Company’s legal representative, Zeng Xiaojing, the Company’sChief Financial Officer, and Li Yizhi, the person-in-charge of the Company’s accountingorgan (equivalent to accounting manager) hereby guarantee that the Financial Statementscarried in this Report are factual, accurate and complete.All the Company’s directors have attended the Board meeting for the review of thisReport and its summary.The future plans and other forward-looking statements, as well as the cautionarystatements mentioned in this Report shall not be considered as virtual promises of theCompany to investors. And investors are kindly reminded to be well aware of possible risks.The Company has described in detail in this Report the risk of macro-economicfluctuations and intensified market competition, the risk of rising raw material prices, therisk of exchange rate fluctuations, the risk of the recoverability of accounts receivable.Please refer to the section headed “Potential Risks” in Item XI of Part III of this Report.The Board has approved a final dividend plan as follows: based on the total sharecapital of 1,535,778,230 shares at the disclosure date of the 2025 Annual Report, a cashdividend of RMB0.5 (tax inclusive) per 10 shares is to be distributed to the shareholders,with no bonus issue from either profit or capital reserves. Where any change occurs to thetotal shares entitled to the final dividend due to any share repurchase, grant of equityincentives, etc. when the final dividend plan is implemented, the dividend per share shallFoshan Electrical and Lighting Co., Ltd.Annual Report 20253remain the same while the total payout amount shall be adjusted accordingly.This Report has been prepared in both Chinese and English. Should there be anydiscrepancies or misunderstandings between the two versions, the Chinese version shallprevail.Foshan Electrical and Lighting Co., Ltd.Annual Report 20254Table of ContentsPart I Important Notes, Table of Contents and Definitions...........................................................2Part II Corporate Information and Key Financial Information................................................... 7Part III Management Discussion and Analysis............................................................................. 13Part IV Environmental, Social and Governance Information..