公告日期：2026-04-24

Stock Code: 600057 StockAbbreviation: Xiamen Xiangyu
Xiamen Xiangyu Co., Ltd.

2025Annual Report (Summary)

This report is prepared in both Chinese and English. The Chinese version shall prevail in case of any
discrepancy between the Chinese and English texts.

To Shareholders

In 2025, the global trade and economic landscape underwent profound adjustments, and
supply chain operations became increasingly complex. In response, we remained resolute
and action-oriented. Although our performance for the period was impacted by short-term
abnormal market volatility, the Company’s underlying fundamentals remained solid and
continued to improve, with an even stronger foundation for sustainable development.

Firstly, we accelerated our international expansion. As the scale of our “Buy Globally, Sell
Globally” business expanded significantly, our capabilities in international industrial
logisticswerefurther strengthened, andthequality andvaluecontribution ofour international
operations continued to improve.

Secondly, we advanced organizational transformation to unlock efficiency gains. The steel,
agricultural products, and mining & energy segments took the lead in establishing industrial
sub-groups, significantly enhancing operational and management effectiveness.

Thirdly, we further deepened our presence across the industrial chain. By expanding
vertically along the value chain into integrated procurement, production, and logistics
projects, while also unlocking diversified value-added services around core industrial clients,
our industrial chain operations have become more deeply embedded.

Fourthly, we strengthened innovation-driven growth momentum. The scale of our digital and
intelligent platform services expanded rapidly, while capabilities in carbon trading, carbon
management, and new energy power plant investment and operation have been steadily
developed, creat……
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