On April 22, 2025, Qrunning Cable Co., Ltd. held its 2024 Annual General Meeting of Shareholders in the first-floor conference room of the company’s administration building. The meeting was conducted through a combination of on-site voting and online voting. More than 20 participants attended the on-site meeting, including major shareholders’ representatives, members of the Board of Directors, the Supervisory Board, and senior management. The meeting was chaired by Mr. Chen Yongming, Chairman of the Board. All proceedings were legally witnessed by lawyers from Beijing Weiheng (Ningbo) Law Firm.
At the beginning of the meeting, Chairman Mr. Chen Yongming introduced the general information about the annual shareholders’ meeting, including the shareholders attending in person and the shares they hold, the legality and compliance of the meeting, and the mode of convening. Following the confirmation of attendees, the meeting officially entered into its scheduled agenda.
During the core part of the meeting—the proposal review session—each proposal was presented and reviewed in sequence. The 2024 Board of Directors Work Report provided a comprehensive review of the board’s work over the past year, covering business performance, information disclosure, corporate governance, investor relations, meetings held, execution of responsibilities by the board and special committees, and work plans for 2025. This enabled shareholders to gain a thorough understanding of the board’s achievements in 2024. The 2024 Supervisory Board Work Report detailed the board’s efforts in supervising the company’s financials and operations, and in protecting shareholder rights.
Following that, six key proposals were reviewed, including the 2024 Annual Report and Summary, 2024 Financial Final Accounts Report, 2025 Financial Budget Report, and the 2024 Profit Distribution Plan. These proposals provided shareholders with an in-depth and comprehensive understanding of the company’s financial status, business performance, capital utilization, and profit allocation.
The company’s three independent directors then each delivered their performance reports for 2024. In accordance with the Company Law, Securities Law, and the Regulations on Independent Directors, they fulfilled their responsibilities diligently, objectively, fairly, and independently. They actively participated in shareholders’ meetings, board meetings, and special committee sessions, and contributed significantly to the company’s strategic planning, risk control, and scientific decision-making—effectively safeguarding the legitimate rights and interests of minority shareholders.
After the proposal presentations, attending shareholders engaged in thorough discussions and actively shared their opinions and suggestions. After careful deliberation and voting, all eight proposals were passed by on-site vote. At the same time, three shareholders participated in the vote via the online voting platform. The witnessing lawyer read the legal opinion on the procedures and outcomes. The successful approval of the proposals reflected shareholders’ strong recognition and support of the company’s business development. During the meeting, the management team patiently responded to shareholders’ questions and engaged in in-depth discussions on corporate strategy, market prospects, and risk management.
In 2024, Qrunning Cable achieved outstanding results despite fierce market competition. The company recorded a total annual revenue of RMB 3.585 billion, representing a year-on-year increase of 20.19%, and a net profit attributable to shareholders of the listed company of RMB 133 million, up 8.43% year-on-year. These solid results stemmed from the correct strategic direction set by the board, strong execution by the management team, proactive market expansion, lean internal management, cost reduction and efficiency enhancement, and continuous innovation in products and processes. Through years of steady development, Qrunning now ranks 29th on the cable industry competitiveness list and is among the top 100 fastest-growing enterprises in Zhejiang Province. Alongside its growing industry position, the company’s investment value is increasingly recognized in the capital markets.
نظراً للمستقبل، ستستمر شركة كابل كيرنينغ في الالتزام باستراتيجية تطوير تعتمد على الابتكار والجودة أولاً، مع تحسين محفظتها من المنتجات وتعزيز قدرتها التنافسية في السوق. من حيث الابتكار التكنولوجي، ستزيد الشركة من استثماراتها في البحث والتطوير وتعزز تطوير وتطبيق منتجات جديدة. على جبهة السوق، ستعزز حصتها الحالية في السوق المحلية بينما تستكشف بنشاط الفرص في الخارج. داخليًا، ستستمر الشركة في تحسين هيكل حوكمة شركاتها، وتعزيز إدارة المخاطر، وزيادة الكفاءة التشغيلية.
صرح فريق الإدارة بأن اجتماع المساهمين هذا يمثل نقطة انطلاق جديدة. متوحدين مع جميع الموظفين، ستبذل الشركة جهدًا لتحقيق نمو مستمر وثابت وصحي - وخلق قيمة أكبر لمساهميها.
