CAROTELTD：ANNOUNCEMENTOFFINALRESULTSFORTHEYEARENDEDDECEMBER312025ANDCHANGEOFCOMPANYSECRETARYAUTHORISEDREPRESENTATIVEANDPROCESSAGENT.pdf

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1、 1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement,make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in rel

2、iance upon the whole or any part of the contents of this announcement.CAROTE LTD卡 羅 特（商 業）有 限 公 司(an exempted company incorporated in the Cayman Islands with limited liability)(Stock Code:2549)ANNOUNCEMENT OF FINAL RESULTSFOR THE YEAR ENDED DECEMBER 31,2025AND CHANGE OF COMPANY SECRETARY,AUTHORISED

3、REPRESENTATIVE AND PROCESS AGENTFINAL RESULTSThe board(the“Board”)of directors(the“Directors”)of Carote Ltd(the“Company”)hereby presents the audited consolidated final results of the Company and its subsidiaries(collectively,the“Group”or“We”)for the year ended December 31,2025(the“Reporting Period”)

4、,together with the comparative figures for the year ended December 31,2024(the“Corresponding Period of the Previous Year”).The audited consolidated final results of the Group have been reviewed by the audit committee of the Company.KEY HIGHLIGHTSFINANCIAL SUMMARYFor the Year Ended December 31,202520

5、24Change(RMB)(RMB)(%)(in millions,except percentages)RevenueBranded business2,021.11,860.68.6%Original Design Manufacturing(“ODM”)business135.6212.7-36.2%Total2,156.72,073.34.0%Gross ProfitBranded business669.4810.0-17.4%ODM business16.025.4-37.0%Total685.4835.4-18.0%Net profit257.8356.0-27.6%2 MANA

6、GEMENT DISCUSSION AND ANALYSISBUSINESS REVIEWWe are a global brand for kitchenware products.Within ten years since we launched our brand“CAROTE”in 2016,we have achieved a notable presence in the online kitchenware segment across key markets,including China,North America,Japan,Western Europe,Southeas