拓邦股份:2024年年度报告(英文版)

Annual Report 2024Shenzhen Topband Co., Ltd.
Stock code
March 2025

Annual Report 2024
Section I Important Notes, Contents and Interpretations
The Board of Directors, the Board of Supervisors and directors, supervisors and senior
executives of the Companyherebyguarantee that the content set out in theAnnual Report is free from
false records, misleading statements or major omissions, and undertake joint and several liabilities
for the authenticity, accuracy and integrity of the report.
WuYongqiang, the principal of the Company, Luo Muchen, the accounting head and accounting
department head (the accountant in charge) hereby guarantee the truth, accuracy and completeness of
the financial statements in thisAnnual Report.
All directors have attended the Board Meeting at which thisAnnual Report was deliberated.
Forward-looking statements such as plans and development strategies covered in the Report
involve uncertainty, so they do not represent the Company's profit forecasts, nor are they regarded as
a substantive commitment to investors.
Topband has no material risks that affect its financial position and sustained profitability, and
the possible risks in the operation of the Company are described in detail in Section III "Management
Discussion and Analysis" of the Report. Investors are kindly reminded to pay attention to relevant
content.
The profit distribution plan approved by the Board of Directors of the Company: cash dividends
of RMB 0.7 (tax inclusive) per 10 shares are paid to all shareholders based on the 1,228,789,388
shares (excluding the repurchased shares), 0 shares of bonus shares (tax inclusive), and reserves
would not be converted into share capital.
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.

Chairman's Statement
Dear shareholders, partners, and all friends concerned about Topband,
Hello, everyone!
Thank you for your continuous attention to and trust in Topband. In 2024, we successfully
achieved the strategic goal of "restarting growth". The Company's operating income exceeded RMB
10 billion for the first time, seeing the year-on-year growth rate regain double-digit growth. The
overall profitability, operational efficiency and per capita efficiency of the Company were
significantly improved compared to those in 2023, with the health of the Company further enhanced.
In the past year, the industry of power tools and home appliances experienced continuous rapid
development, the transformation of digital energy business achieved initial success, and a series of
intelligent systems with strong market competitiveness were launched. These advances are
inseparablefromtheeffortsanddedicationofallTopbandemployees,as well asthecontinuedsupportof all shareholders and partners.
In the past decade, we have achieved tenfold growth. Such sustained and stable "resilient
growth" not only reflects the society's increasing demand for intelligent products but also embodies
Topband's original aspiration of long-term adherence to "value creation through technology" and the
fact that it has always implemented the business philosophy of "Agility·Innovation·Partnership". We
have built a technical platform of "four electrics and one network" and established a customer-
centered globaloperatingsystem,formingamulti-levelbusinesslayoutandagoodcustomerstructure
and enabling the Company to maintain resilient growth in the face of market fluctuations.
In 2025, we have three strategic priorities to support the realization ofthe overall strategic policy
of "accelerating growth":
I. Expand the share of component business. The business of intelligent controller components
has always been Topband's dominant field. In 2025, we will continue to focus on resources, enhance
our competitiveness, further expand our market share in existing fields, and actively explore new
fields to become the "hidden champion" in more segments.
II. Make breakthroughs in AI system business. Artificial intelligence (AI) is rapidly changing
our lives and industrial models. Topband will continue to increase investments inAI and intelligence,
with a particular focus on the application ofAI technology in terminal products. The Company plans
to implement a responsibility system for younger product managers, stimulate the team's innovation
potential, continuously launch more competitive AI system products, and strive to create "category
champions" in multiple sub-categories, gradually growing into a leadingAI application company.
III. Accelerate overseas marketing. At present, half of the Company's business comes from
overseas markets, and we have established multiple operation bases overseas. We shall further
accelerate "overseas marketing". We shall not only seize the opportunities of global industrial chain
transfe