2025年年度报告（英文版）

DSBJ Annual Report 2025Suzhou Dongshan Precision Manufacturing Co., Ltd.Annual Report 2025April 22, 2026DSBJ Annual Report 20251Annual Report 2025Section I Important Note, Table of Contents and DefinitionsThe Board of Directors, directors, and senior executives of the Companyhereby warrant that the information contained in this Annual Report is true,accurate and complete without any misrepresentation, misleading statement ormaterial omission, and agree to assume joint and several liabilities for thisAnnual Report.YUAN Yonggang, Chairman of the Company, CFO WANG Xu andAccounting Supervisor ZHU Deguang hereby represent that the financialreport contained in this Annual Report is true, accurate and complete.All directors of the Company attended the meeting of the Board ofDirectors reviewing this Report.Forward-looking statements such as those on future development plans inthis Report do not constitute substantial commitments by the Company to theinvestors. Investors and relevant persons shall be sufficiently mindful of risks,and understand the differences between plans, predictions and commitments.The Company has fully disclosed the potential risks associated with theconcentration of customers, rapid upgrading and iteration of industrialtechnologies, fluctuations in exchange rates, etc. in this Report. Please see “XI.DSBJ Annual Report 20252Prospects for Future Development of the Company” under “Section III.Management’s Discussion and Analysis”.The Company has no plan to pay cash dividends, distribute bonus sharesor convert any capital reserve to the share capital.Note:This document is a translated version of the Chinese Annual Report 2025 ("2025 年年度报告"). In case of anydiscrepancies, the Annual Report 2025 published in the Chinese version shall prevail. The full Chinese AnnualReport 2025 is available at www.cninfo.com.cn.DSBJ Annual Report 20253Table of ContentsSection I Important Note, Table of Contents and Definitions.....................................................................................1Section II Company Profile and Financial Highlights.................................................................................................8Section III Management’s Discussion and Analysis................................................................................................. 12Section IV Corporate Governance, Environment, and Society................................................................................. 49Section V Significant Matters.................................................................................................................................... 68Section VI Changes in Shares and Shareholders....................................................................................................... 85Section VII Bonds...................................................................................................................................................... 94Section VIII Financial Report.............