45 2025 年度报告 ANNUAL REPORT 2025 SIGNIFICANT ACCOUNTING POLICIES 1. STATEMENT OF COMPLIANCE The financial statements have been prepared in compliance with the Accounting Standards for Business Enterprises to truly and completely present the consolidated and company-level financial position of the Company as at December 31, 2025 and the consolidated and company-level operating results and cash flows for the year 2025 and other relevant information. 2. ACCOUNTING BASIS OF PREPARATION FOR THE FINANCIAL STATEMENTS The Company’s financial statements are based on the assumption of continuous operating, prepared in accordance with the actual transactions and events occurred, the Accounting Standards for Business Enterprises issued by the Ministry of Finance in 2006 and the subsequently issued application guide, explanation as well as other relevant provisions. 3. FISCAL YEAR The fiscal year of the Company is from January 1 to December 31. 4. REPORTING CURRENCY The financial statements of the Company are stated in RMB. 5. ACCOUNTING METHODS The Company’s headquarters practices a management pattern with separate accounting units that jointly share the profits and losses. Local branches keep separate accounts and transfer all the profits and losses to the headquarters at the end of the year for the preparation of consolidated financial statements. 6. TRANSLATION OF FOREIGN CURRENCIES Independent foreign currency ledgers are adopted and foreign currency businesses are recorded in the original currencies. At the end of the fiscal year, financial statements are prepared in the original currencies and simultaneously translated into RMB, consolidated with RMB business statements thereafter. 7. FINANCIAL INSTRUMENTS Financial instruments are classified by holding purposes, recognized and measured in accordance with the requirements of the Accounting Standards for Business Enterprise.
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