2025年年度报告（英文版）

Full Text of 2025 Annual ReportHangzhou Robam Appliances Co., Ltd.1Hangzhou Robam Appliances Co., Ltd.2025 Annual ReportApril 2026Full Text of 2025 Annual ReportHangzhou Robam Appliances Co., Ltd.22025 Annual ReportSection 1 Important Notes, Contents and InterpretationsThe Board of Directors, as well as the directors and senior management ofHangzhou Robam Appliances Co., Ltd. (the Company) hereby guarantee thatthere are no false representations, misleading statements, or materialomissions in this Annual Report (“the Report”), and are severally and jointlyliable for the authenticity, accuracy and completeness of the informationcontained herein.Ren Jianhua, the head of the Company, Zhang Guofu, the person incharge of the Company’s accounting, and Zhang Guofu, the head of theaccounting body (the accountant in charge) hereby declare and warrant thatthe financial report contained in the Report is authentic, accurate, andcomplete.All the directors attended the board meeting for reviewing the Report.The Company's profit distribution plan approved by the Board ofDirectors is as follows: based on the total of 944,938,916 shares, a cashdividend of RMB 5 (inclusive of tax) will be distributed to all shareholders forevery 10 shares held. No bonus shares (inclusive of tax) will be issued, andthere will be no capital reserve converted into capital stock.Full Text of 2025 Annual ReportHangzhou Robam Appliances Co., Ltd.3ContentsSection 1 Important Notes, Contents and Interpretations.....................................................................................2Section 2 Company Profile and Major Financial Indicators.................................................................................6Section 3 Management Discussion and Analysis...................................................................................................11Section 4. Corporate Governance, Environment and Society.............................................................................29Section 5 Significant Matters.................................................................................................................................. 52Section 6 Changes in Shares and Shareholders.................................................................................................... 58Section 7 Bonds.........................................................................................................................................................65Section 8 Financial Report...................................................................................................................................... 66Full Text of 2025 Annual ReportHangzhou Robam Appliances Co., Ltd.4Documents Available for Inspection1. Financial statements bearing signatures and seals of the legal representative, the person in charge ofaccounting affairs and the head of the accounting body.2. The original audit report affixed with the seal of ShineWing Certified Public Accountants (Special